Introduction to Retail Management

Study Notes

Indian Retail Sector

The organized retail sector accounts for only 9% of the market, while the unorganized retail sector dominates with a 91% share.
Unorganized retail typically operates from residential areas, has low rentals and taxes, and is often owner-managed with personal capital.
It includes various small retail outlets such as kirana shops, general stores, and mom-and-pop stores.

Retail Market Size and Growth

The organized retail market is valued at around USD 100 billion, while the unorganized retail market holds the rest.
India's organized retail penetration is lower compared to other countries, such as the United States, which has an organized retail sector penetration of 85%.
The current size of the organized retail market is around USD 871 billion, expected to reach USD 1700 billion by 2019.
The retail market in India is projected to grow from USD 672 billion in 2017 to USD 1.1 trillion in 2020.

Consumer Behavior and Expenditure

Personal disposable income grew by 12% from 2015 to 2016, and spending grew by 11%.
India has the highest number of retail outlets per person in the world, with 7 outlets per 1000 people.
India also has the lowest retail space per person in the world, with only 2 square feet per person.

Job Creation and Business Contribution

The retail sector contributes around 8% to total employment.
66% of total retail business comes from F&B and CPG.
Urban areas contribute around 88% to organized retail, with 21% coming from 17 metro cities.
Rural areas contribute around 12% to organized retail.

Growth Factors and Projections

Rising income and demand for quality products are expected to boost consumer expenditure.
India is one of the fastest-growing markets in the world due to economic growth.
India is the world's fifth-largest global destination in the retail space.
The modern retail market in India is expected to double in size over the next three years.

World's Top Retail Companies

The top 10 most valuable companies in the world include Amazon, Microsoft, Alphabet, Apple, and more.
These companies have market capitalizations ranging from USD 347.99 billion to USD 802.18 billion.

Description

Explore the basics of retail management with this quiz, covering topics such as the definition of retail, different retail formats, and the concept of the 4Ps of marketing. Learn how retail plays a crucial role in the sale of goods and services to end consumers for personal use.