Why should you opt for a Career in Retail? |
Retail in India picked up in the 1980s, when the country started to open its economy . Today, t he Indian retail industry is evolving at a fast pace . |
Potential Goldmine-India ranks first in the 2005 Global Retail Development Index (GRDI) released by AT Kearney, and is rated the fifth most attractive emerging retail market . |
| |
|
AT Kearney has projected India's total retail market to grow at a compounded 30 percent over the next five years. |
| |
|
With the organised retail segment growing at 25-30 p.c.p.a, revenues may triple from the current US$ 7.7 billion to US$ 24 billion by 2010 . |
| |
|
The share of modern retail is likely to grow from its current 2 percent to 15-20 percent over the next decade , analysts feel. No wonder a heavyweight like Reliance is planning to do a Wal-Mart in India ! |
| |
|
In the next few years, India will see at least two domestic retail businesses attain the magic figure of US$ 218 million in sales. |
| |
|
|
Why should you opt for a Career in Retail? |
| |
|
Wal-Mart is moving a senior official from its headquarters (US), to head its market research and business development functions pertaining to its retail plans in India. |
| |
|
The New York based high-end fashion retailer Saks Fifth Avenue has tied up with realty major DLF Properties to set up shop in a mall in New Delhi. |
| |
|
Mukesh Ambani has announced a separate company, Reliance Retail Limited, which would be 100 percent owned and would invest Rs.25, 000 crore in the retail business over the years. Stores will be set up in phases, and around 1,600 stores will be in place by 2007. |
| |
|
Internet retailing will thrive in the coming decade. |
| |
Why should you opt for a Career in Retail? |
| |
|
Wal-Mart is moving a senior official from its headquarters (US), to head its market research and business development functions pertaining to its retail plans in India.
|
| |
|
The New York based high-end fashion retailer Saks Fifth Avenue has tied up with realty major DLF Properties to set up shop in a mall in New Delhi.
|
| |
|
Mukesh Ambani has announced a separate company, Reliance Retail Limited, which would be 100 percent owned and would invest Rs.25, 000 crore in the retail business over the years. Stores will be set up in phases, and around 1,600 stores will be in place by 2007.
|
| |
|
Internet retailing will thrive in the coming decade. |
| |
| |
| Several 24-hour retail stores would emerge to cater to consumers |
|
|
| |
| |
|
Current Status |
Epected growth(by 2008) |
| |
Overall Retail Growth |
Rs 5,88,000 Crore |
Rs 14,79,000 Crore |
| |
Growth in Ogranised Retail |
Rs 5,000 crore |
Rs 1,60,000 Crore |
| |
Booming Sector |
Food and Grocery |
Food and Grocery, Apparel |
| |
Employment Trends |
21 Million |
Increase by 8 million |
| |
|
|
|
Career options in Retail |
| |
|
| |
What Retail Pays? |
The average salaries offered to retail professionals by one of the prominent retail organizations in India are as follows : |
| |
|
|
|
Non-store
Retail Professionals |
Pay scale (RS (P.a) |
In-store
Retail Professionals |
|
Top management |
18-30,00,000 |
Senior management |
7-13,00,000 |
senoir. management |
10-16,00,000 |
middle Management |
4-6,00,000 |
Middle Management |
6-9,00,000 |
Junior. management |
2-3,5,00,000 |
Junior Management |
3-5,00,000 |
Front Staff (Sales) |
1-1,5,00,000 |
co-ordinators |
1.5-3,00,000 |
|
|
| |
|
|
|
| Some Recruiters for Retail Professionals |
|
India |
US |
UK |
Shooper Stop |
Wegmans Food Markets |
Apple Store |
ITC Retail |
Whole Foods Market |
Debanhams |
Pyramid |
Starbucks |
GAP |
Pantallon Retail |
Nugged Markets |
Matalan |
reliance Ind Ltd. |
CDW Corporation |
Harrods |
Carbon |
JM Family Enterprises |
BBA Hetrow |
Arvind Brands |
timberland |
Arcadia |
Lifestyle International |
Nordstrom |
M&S |
globe Asia |
Public Super markets |
TESCO |
| |
men's Wearhouse |
RSS |
| |
|
|
Emerging Avenues in the Retail Sector |
| |
|
| |
Retail Career Progression |
| |
|
| |
To Summarize… |
| |
The retail business in India is still highly fragmented. Nevertheless, with global biggies like Walmart, Carrefour, Marks & Spencer, Gap etc. raiding the Indian retail space, coupled with domestic biggies like Ambanis and Mittals giving tough competition, the future looks promising for those aiming to make a career in retail.
Also, Retailing is a vertical industry – positions exist from sales floors to the boardrooms. Through its strong linkages with sectors such as tourism and hospitality, retail has the potential of creating jobs in these sectors too . |
|
|
|
|
|
|
