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#What did schrodinger discover driver#

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To determine locational factors those influence the Location of Retail Stores.

To decide what all things you need to know about selecting a Retail Location.

To formulate the Location strategy and site selection for New Retail outlet.

Across all channels, growth in retailing is expected to be boosted heightened competition during the forecast period. Non-store retailing is expected to continue its fast-paced growth from a miniscule base. However, there was gradual economic reform, giving way to easier and faster franchising agreements as well as the loosening of zonal regulations on retail expansion, thus stimulating retailing. The government stance of protecting local retailers and prohibiting 100% foreign direct investment in retailing continued in 2005, restraining international retailers' entry. Consumers aged 20-45 years is emerging as the fastest growing consumer group and the mean age of Indians is now pegged at 27, a mean age that reinforces spending across all the retailing channels of grocery, non-grocery and non-store. This report aims at providing an insight into the emerging trends in the industry and the barriers to change and a perspective on what this industry could become, using the global industry as the backdrop.ĭemographics continue to show a positive report to spur retailing growth. This does strengthen the belief that probably, the right time for organized retailing to click in India has come. Though India has a per capital income of $ 400, on the basis of purchasing power parity (PPP) it has already hit the $1200 level. It is believed that when a country’s per capita income reaches the level of $1,200 per annum, organized retailing begins to takeover. Europe went through this phase of retail revolution about 40-50 years ago. China, with a per capita income of $650-700 per annum, is going through the same phase what India is also facing now.

In the last 10 years, all Southeast Asian countries like Indonesia, Malaysia, Taiwan and Korea have gone through similar phases. This transformation will also impact the supply chain in agriculture, the tax collections from trade and the way people shop.

Smaller but still interesting opportunities will be created in other sectors like books, electronics, and music. As India goes through this transformation, new businesses with sales of 1billion – 2 billion US $ will be created in grocery and of 250 million - 500 million US $ in apparel. In many of these countries, organized retail already has a 40 percent share of the market, compared to India’s current levels of 2 percent. In other developing economies, this transformation has already begun.

#What did schrodinger discover driver#

The next driver is availability of variety of goods, products and brands. The middle class drives retailing anywhere in the world and this segment should have reasonable income. India has five million retailers with a business volume of $180 million growing at 5 to 7 per cent a year. It is one of the fastest growing sectors in the nation that caters to the world's second largest consumer market. The Indian Retailing Industry stands poised to take off into the 21st century.