The section is about the diverse segments in retail sector. It encapsulates features on the developments, recent trends, active players and other pertinent details about the sectors. The coverage herein highlights the market response towards the different sectors and consumers’ shopping trends.
2015 can be crowned as 'THE' year for hyperlocal space. The industry saw rise, dominance and epic fall in the same year. Despite the large market size, consumer preference and huge injection of funds, what led to such a catastrophic downfall?
Owing to the unorganised nature of the sector there are several problems that the weavers face which have compounded in the recent times. This has led to closure of many handloom units and thus has resulted in massive unemployment.
More than 75 per cent of the shoppers in most such stores happen to be women on a consistent and ongoing basis. They come in, browse, engage, make their choices and then take the final call based on their past experience.
Retailers who see digital as an integral part of their business will thrive in fashion, while 'big data analytics' clearly has the power to integrate brick and mortar with digital.
With more and more consumers drifting towards the digital mode of shopping, the trend has uplifted a lot of such high prevalent retail segments. CDIT, too, is touted to witness a reconnoitre boom in 2016.
E-commerce, with all of its permutations and combinations, is touted to deliver something not otherwise available through the brick-and-mortar retail. Footwear is one such category where this is very much the case.
The experience of grocery shopping in our country has undergone a huge digital makeover in the form of online grocery service platforms, which have cropped up in recent times to keep up with our fast-paced lifestyle.
Market trackers and retailers expect the brand to grow as Reliance Jio Infocomm approaches the commercial launch of its 4G services, widely expected to be in December.
Consumers are attracted towards online buying because of the wide range online, variety, discounts and more for every product or service which is why it is both attractive and convenient, writes Akshay Chaturvedi, CEO, Housefull.com.
Touted as one of the most aggressive attempt by a major quintessential retailer, this step will put Big Bazaar in direct competition with the likes of Amazon and Flipkart.
Today the country's $10 billion furniture market is serviced by both large and small online players who are invested in educating customers and changing consumer behaviour.
According to survey by shopclues.com, as many as two-thirds of the buyers in cities like Hisar and Nashik are ready to pay upfront for mobiles, tablets and laptops.