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.
According to a latest report by Euromonitor International, India is touted to be THE leader in top-ten fastest growing eyewear market during 2016 to 2021 fiscal followed by UAE, Thiland, Malaysia, China and others.
Owing to changing market dynamics and growing popularity of eRetail, fashion retailers have become more adept and flexible in their business models, writes Pankaj Renjhen, Managing Director - Retail Services, JLL India
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.
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.