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.
Online furniture retailers who aspire to capture the entire country with a significant market share would rather need to revamp their product portfolio, sourcing methodology and the pricing strategies.
The marketing for both the segments are like parallel streams originating from the same river, as they are different in terms of their brand identity, positioning, attributes, target market and brand building process.
Every format of retailing has a history of challenging the odds and registering sharp growth among foremost hurdles. Betting on the increasing desire of Indian consumers, the future for India's fruit business looks very bright in the years to come.
Indian millennial consumers are continuously looking at improving their lifestyle by bringing the best products at home in a suitable budget. This dynamic change fosters the growth and development of home furnishing field.
Grocery business is still to penetrate the market with full potential. This year is going to be the most competitive year with other start-ups coming up, while the existing portals will come up with a stable business model.
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