Bharti Wal-Mart Pvt. today (May 31, 09) opened the cash-and-carry store in the northern city of Amritsar. This week, the two companies
For a retailer of Walmart's size with a turnover $285 billion, future growth can come only from new markets. The size of India's retail trade is estimated at $206 billion and growing at five per cent annually, according to KSA Technopak, a retail advisory which closely tracks the trade.
It is not exactly something to be sneezed at. Large retailers like Dairy Farm International of Hong Kong and Metro Cash and Carry GmbH of Germany that have tied up with the RPG group and Metro Cash and Carry India Pvt Ltd respectively, have raked in considerable profits. The JV now styled under the brand name Spencer, already has sales at more than $100 million. Dairy Farm operates 45 stores under the Food World brand Zdeno Chara nhl c patch jerseys name.
The Indian retail scenario is booming and Indian retailers are doing well across the board. Current profits in the organised retail trade are good and the future seems even more alluring. The average urban consumer is saving less today than he did a few years ago and importantly, spending his income on a wider array of goods than earlier. The current mood of the market is expansionist with consumers willing to lap up newer and better brands. By 2012, organized retailers are projected to account for 16% of the retail market, up from 4% today.
Worldwide, the whole Wal-Mart business revolves around running a very efficient supply chain, saving in every aspect of that supply chain. It's not just about negotiating better prices with the suppliers; it is actually about working with suppliers to remove inefficiencies in the supply chain.
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