Great Opportunities in retail in India.

Retail Philosophy“By The People, For The People and Of The People”

Retailing involves selling products and services to consumers for their individual or family use. As the final link between consumers and manufacturers, retailers are a vital part of the business world. Retailers add value to products by making it easier for manufactures to sell and consumers to buy. 

The Indian Retail Sector can be broadly classified into—

 
 

Why should you opt for a Career in Retail??

Retail in India picked up in the 1980s, when the country started to open its economy. Today, the Indian retail industry is evolving at a fast pace.

India ranks first in the 2005 Global Retail Development category, and is rated one of the most attractive emerging retail markets in the world. The share of modern retail is likely to grow from its current 2 percent to 15-20 percent over the next decade, analysts feel. No wonder a heavyweight like Reliance, The Aditya Birla Group, Spencers and international brands like Wal-Mart, Fossil, Metro are all planning to be in India!

With the organised retail segment growing at 25-30 p.c.p.a, revenues may triple from the current Rs.30,000 crores to Rs. 90,000 crores by 2010.

In the next few years, India will see at least two domestic retail businesses attain the magic figure of Rs.500 crores in sales.

Ever Rising Retail Industry growth figures.

From the current status of 150 billion US$ to an expected whopping figure of 370 billion US$ By 2008 end.

Employment opportunities to increase by nearly 80 lakhs from the present figure of 2 crores.

 
Skill Sets:

Retailing is not just about selling or filling shelves, and by no means are all the job opportunities in the stores themselves. Being a people-oriented business, it is imperative that anybody interested in having a long stint in retail must have the following skills:

Communication skills
 
Positive Attitude
 
Leadership qualities
 
Analysis and problem-solving skills
 
Attention to detail
 
Keen Business sense
 
People Management Skills
 
Self-confidence
 
Time management skills
 
Team work


A career in retail is truly dynamic. Talented, dedicated people, who possess a wide variety of skills, are needed to effectively run a large retail business. And today considering the tremendous growth of the sector, retail management has emerged as one of the fastest growing careers in the country.

Great Career Options under Retail in the areas of

  • Buying and Merchandising
  • Supply Chain Management
  • Marketing
  • Sales
  • Stores Management as an independent  profit centre


  • Some of the top Business Houses in the country who are pumping money by the billions

    • Reliance Group
    • ITC Retail
    • Aditya Birla Group
    • Tata Group ( Trent & Westside)
    • Shopper Stop
    • Futures Group (Big Bazaar, Pantaloon)
    • Apparel Chains
    • Raymond's
    • Arvind Brands
    • Lifestyle International

    Top Retailers Worldwide

    1. Wal-Mart Stores Inc., USA
    2. Carrefour Group, France
    3. The Kroger Co., USA
    4. The Home Depot, Inc., USA
    5. Metro, Germany

    Emerging Avenues in the Retail Sector
    • Corporate Planning
    • Project Management-Store Construction
    • Customer Relationship Management
    • Trend Forecasting

    Fast Growing & Exciting Verticals in Retail in India Today

    • Super Market Chains
    • Mega B2B Cash and carry store like The German Giant – Metro
    • Telecom
    • Health & Wellness
    • Lifestyle Stores (Watches, Perfumes, Fashion Products, Accessories)
    • Apparels
    • Sports
    • Jewelry
    • Fashion
    • Foot ware

    Since Retailing is a vertical industry – positions exist from sales floors to the boardrooms. Through it's strong connections with sectors such as tourism and hospitality, retail has the potential of creating jobs in these sectors as well...
     
    All finally adding up to
    A Great Value Proposition for Students at all times!