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Saturday, April 25, 2009

Retailing In India

Retail sector is a chain system, which consists of the sale of goods or merchandise from a fixed location, such as a department store or kiosk, or by post, in small or individual lots for direct consumption by the purchaser. This sector directly depends on the consumers choice and their needs which creates a chain; from company stock store to state stock/local stock store to the whole sellers and from wholesellers to consumers or from wholesellers to distributors to dealers then to consumers.
In short it is a bussiness that buy goods at one price ( term it as wholesale rate ) and sell them to consumers adding some profit with the basic price. The Retail sector in India has been at high for last a year or two…The huge Indian middle class consumer are now the blue eyed segment for biggies like Bharti, Wal-Mart, Reliance and loads of others, in race to capture their pie in Indian Retail Market. Now India is slowly becoming the center of attraction for retail backened IT support global giants. Big fat companies now not only trying to capture the city but also the urban and suburbans with big banners and spending hundreds and thousands to attract them as the big part of the profit bussiness comes from them.

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