Top Story

e4m_logo.png

Home >> Media – Print >> Article

Retail sector to cross Rs 140 billion: Report

18-February-2002
Font Size   16
Retail sector to cross Rs 140 billion: Report

According to Images India Retail Report 2002, organised retail business in key sectors including food, clothing, consumer durables, footwear, jewellery and watches is likely to cross over Rs 140 billion by the end of this year. The sector will see an investment of over Rs 10 billion in the next two years.

The report says that the country will witness opening up of 15 hypermarkets, 20 large departmental stores, 10 large supermarkets and 750 medium and small size super markets in next couple of years.

The two metros, Delhi and Mumbai alone will have 2.5 million square feet of space for retail and entertainment in next few years while 10 million square feet of mall space will be completed in other cities of the country by 2005, the survey said.

The survey projected food and fashion businesses to dominate the organised retail market with 85 per cent market share while identified potential sectors included — books, music, gifts, consumer durable, home decor, beauty and healthcare.

The survey estimated total retail business including unorganised sector will grow at Rs 8,570 billion by the end of 2002 which includes Rs 885 billion branded retail products under nine categories.

The projected figures for organised food, grocery and tobacco segment is likely to grow at Rs 20 billion, clothing and textiles at Rs 50 billion, jewellery and watch at Rs 25 billion, footwear at Rs 18 billion, home decor at Rs 5 billion and consumer durables at Rs 15 billion.

The organised retail market by 2002 for beauty and body care is estimated at Rs 2 billion whereas market for books, music and gifts is likely to touch Rs 5 billion. According to the survey, the organised retail market for pharmacies is likely to touch Rs 2.5 billion mark by 2002.

Source: Financial Express

Tags

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Launches third phase of TVC campaign ‘Think it. Done’

Based in Mumbai, Usha has nearly two decades of experience in the Indian media and entertainment sector and will serve as a strategic advisor to H+K’s diverse portfolio of clients with a special empha...

Report based on media channel data in 96 countries and detailed findings from the world‘s key ad markets, which between them account for approximately two-thirds of the value of global advertising tra...