Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

A Glance at Retail Industry

By RohitIrabatti Subscribe to RSS | May 3rd 2012 | Views:
loading
 
  



Retail industry serves changing needs of the consumers by offering wide range of products at convenient place for the customers. Retail outlet is a place from where buyer can purchase anything for direct consumption. According to market research reports U.S. is leading the global retail industry. Some largest retail chains in global market are Wal-Mart, Tesco, Carrefour, and Metro AG. Retail industry had created number of employment opportunities like supply chain management jobs, sales executives, operations management, store managers and merchandise planners.

In today’s competitive scenario retail industry is trying to upgrade their operation systems for sustainable growth in the market. Gone are those days when retailers use to grow by opening new stores, add new product line in the stores. Nowadays to sustain in the market retailers should satisfy the needs and wants of the customers and adapt new trends in the market. Through research reports it is determined that the value of Indian retail market will increase from $330 billion in 2007 to $ 640 billion by 2015. Though India has largest number of retail outlets in world only 4% of it performs organized retail. According to analysts there will be near about 25% of organized retail be performed by 2018. Retail industry market reports have highlighted that in coming years the growth rate of this sector will be 9% per annum.

The leading retail organizations in India are Reliance Retail, Future Group, Raheja Group, Ebony Retail Holdings and RPG Retail. There is lot of scope for retail business in all the sectors including urban and rural. Government is also encouraging FDI in this segment. Thus retailers are enthusiastic to step in this market. The most significant tie up that took place in Indian retail sector is between Wal-Mart and Bharti Enterprises. PVR Limited also tied up with Starbucks. Such merger and acquisitions in this sector created more than 2.5 million employment opportunities by 2010.

To be sales executive in this sector there no need of any degree one should have good communication skill and product knowledge. For graduates higher level jobs are available with higher responsibilities and pay. For senior executive positions MBA’s with specialization in retail are preferred and they are paid up to Rs. 60 lakhs. Rapid appraisal is possible in this sector if you have that ability and talent. One should be multi-skilled, have high intellectual, excellent communication skill and should be very dynamic to get appraisal as per their desire. Several educational institutes are offering special courses related to employment opportunities in retail sector like retail marketing, MBA with retail specialization. Retail sector emerged as a boon for Indian economy it generated several development opportunities in rural and urban area and created employment opportunities of several people. For more details visit http://www.reportandprofile.com

RohitIrabatti - About Author:
Rohit Irabatti is the author of this article. He has been demonstrating his writing skills by writing the articles for market research reports from last two years. He also has a keen interest in writing stuff for Company profile related topics. He has written various articles on Retail Industry .

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/a-glance-at-retail-industry.htm

Related Business Articles Subscribe to RSS

Concrete grinder is widely used in the industry for concrete grinding
Published by Paular Change on May 28th 2012 | Business
These are a number of the concrete grinder tools to be used over a harder concrete grinding floor to...
 
Automotive news on industry trends
Published by Jamessms on December 26th 2011 | Business
efficiency and greener models, or the discounts and add-ons that come with the amazing pack of wheel...
 
Plast: international exhibition for plastics and rubber industry
Published by Francesca on January 23rd 2012 | Business
Plast, the international exhibition for plastics and rubber industry that takes place every three ye...
 
Glance at the CAD industry – are we exploiting CAD Technology to the best of abilities?
Published by Mrinste Adams on January 10th 2012 | Business
CAD Industry and the definition of "CAD" have changed over a period of time. CAD earlier was limited...
 
CompTIA A+ Certification: Honing the IT Expertise within the IT industry
Published by Hanliu1003@hotmail.com on December 23rd 2011 | Business
The Project+ exam is given out by the computer technology industry association to certify aspiring p...
 
Indian packaging industry to get boost from Pharma and food industry
Published by Uflexltd Packaging on December 28th 2011 | Business
The packaging industry in India is creating ripples on the global front and is moving upwards to be ...
 
Need to consult an experienced distribution company to publish industry news releases
Published by Andersonclark on February 6th 2012 | Business
Online has been preferred for publishing business or industry news, simply because the news will spr...
 
Current trends witnessed by the CAD industry.
Published by Kimberly Smith on June 14th 2012 | Business
The accelerating pace of technological change in the industry is fostering the development of CAD te...
 
Contribution of reclaim rubber manufacturers to flourishing Indian rubber industry
Published by Deepti on May 14th 2012 | Business
The Indian rubber industry has become the fastest growing rubber industry in the last couple of year...
 
Availability of Aluminum Molding provides components for DIY or professional industry projects
Published by Nate on June 20th 2012 | Business
Orange Aluminum’s inventory of standard aluminum molding including decorative trim and the functio...
 
Great retail supplies: Wholesale gift wrap
Published by on June 20th 2012 | Business
Along with wholesale greeting cards, packaging for presents is very much the backbone of the consume...
 
Ups and Downs within CAD industry – Has it affected business?
Published by Macjohn on August 21st 2012 | Business
Auto CAD became so popular that all engineering services was christened under “CAD Services”. Ho...
 
High voltage power supply devices are essential for your industry
Published by Julia Bennet on February 27th 2012 | Business
Power supply is something none of us can do without, whether we are domestic or industrial consumers...
 
Textile industry: a Major Sector in India
Published by Keshav Dussal on March 17th 2012 | Business
Business to Business portals helps to improve your business opportunities as per market trends. Manu...
 
One on one CCNA Exam Networking Interactive Training of the IT industry
Published by Water123 on December 25th 2011 | Business
A network+ certification is feather in the cap of any IT professional because the accreditation will...
 
Wireless monitoring equipment, security industry ushered in the spring——www.apexis.com.cn
Published by Guardlyer on April 23rd 2012 | Business
The wireless monitoring device consists of three parts:
● Front End: cameras, lenses, PTZ de...
 
Why customer satisfaction plays a very important role in the moving industry
Published by Samuel George on March 7th 2012 | Business
We all hate moving, the joys of shifting to another home are often drowned by the complexity and cha...
 
Texas Utility companies offer best prices in the industry
Published by Jordan Adam on March 28th 2012 | Business
The fundamental reason for Texas Utility companies to maintain low prices whether for Business Elect...
 
HIPAA compliant medical billing and coding for the healthcare industry
Published by Outsource Strategies International on June 7th 2012 | Business
HIPAA compliant medical billing and coding enable healthcare firms to submit insurance claims prompt...
 
The uses of Citric Acid in the industry
Published by Tobby Heldson on December 7th 2011 | Business
Global Trust Enterprises a general trading company in Dubai provides quality Citric acid an organic ...