High growing retail franchise business in India attract potential investors

Global corporations engaged in retail sector continuous to employ franchising as an effective way to penetrate Indian market. In fact, India has occupied a nice place in international retail marketing. The country is ranked at third position just behind China and Brazil in terms of net retail sales. Indian market has potential, relaxed rules and regulations and low economic risk. For example, super markets giants operate in various industry sectors have identified India as best destination for investment. According to retail industry analyst, Online Retail franchise is the next level business opportunity which has high potential to prosper in future. After dominating physical market, both national and global players are targeting e-retailing domain to reach maximum population.
In 2016, approximate US $ 512 billion had invested till first half, one of the biggest private equity in retail sector since 2008. E-commerce platform is emerged as unmatched business opportunity for physical store owners, they get chance to sell products across the globe. In India E-commerce is supporting mass retail growth, for instance, in past few years there is number of e-commerce giants started operations to give power to slow retail industry. The industry is estimated to cross a whooping US $ 100 billion by 2020 which was US $ 30 billion in 2016. With emergence of e-commerce platform online retail market segment is expected to touch US $ 70 billion by 2020. Incorporation of various small and large enterprises in retail; transformed whole industry statistics. Companies like Pantaloon India, shopper’s stop, reliance retail and Bharti retail has contributing immensely for vast growth. In next five years, due to changing consumer buying behaviour we might see various national and international brands displaying phenomenal services. Thus Indian retail industry is on the way to become a separate market share in coming years.
India’s 121 billion populations are generating a route to online retail. Increasing participation of people on online shopping has encouraged entrepreneurs to leave physical store by developing their own online retail shop. It goes without saying that whole world is expecting drastic changes in forthcoming years due to continuous transformation in technology, industrialization and consumer choice. For instance, demand for international brands or products have generated a route for foreign brands to penetrate Indian market efficiently. Introduction of governmental reform in retail industry to attract foreign Direct Investment (FDI) has been figured as good move to encourage companies. Apart from this, there are several relaxation were introduced by government in past years to groom retail market in India.

Retail Management Courses In India – The Best Institutes Offering Courses

Retail sector in the country is witnessing a big boom today. As the government prepares to open the sector for international investment, there are many local retail chains which have started organising itself and getting ready for the challenge.

One can now see a number of retail outlets and chains in the country. There are many more which are going to start in the coming future. All these retail outlets require efficient and skilled manpower for their operations. To asses this requirement and to fill the demand for manpower many institutes and colleges across India started courses in retail management.

Benefits and requirements of retail management courses in India

The course in retail management is specially designed to teach all the theories and practical cases which are happening in the retail sector today. Retail management courses in India are offered by various B schools in the country. Some of them offer MBA while most of them offer PGDM course.

There is fundamental difference between the two. MBA courses are offered by those institutes which are recognised by universities and colleges under state and central universities. On the other PGDM course is offered by the autonomous institutions of the country which are built by a special act of parliament.

The admission requirements and eligibility criteria of the courses are very different in the colleges. Most of the colleges which offer MBA or PGDM in retail management in India require a student to have a graduation degree from any reputed institution of the country. The student is also expected to take a national or international level test like GMAT, CAT or XAT. The selected students are then called for a round of group discussions or personal interview.

Those who do well in the GD and PI are then offered full time admissions in the university.
There are many different sub-specialisations within retail management which are taught by the various institutes. These are retail marketing, retail financing, and retail management and so on. There are many new retail chains which are being setup in the country. Hence the job requirements and placements are very high in these institutes for the courses. The students are given good package jobs in various retail firms and companies in India and around the world.

Some of the retail chains also have tie ups with the leading b schools of the country to provide to its man force the adequate training and knowledge about the retail marketing. Hence these employees are also offered part time or executive MBA in retail management. There are many institutes in the countries today which have started offering courses in retail and there are many new colleges which are starting the course to train students with core specialisation in the retail sector.

Retail Software in India – The Absolute Need of All Retail Businesses

It is obvious to everyone that the retail industry is growing at breakneck speeds all over the world. In developing countries, the charge is being led by India, where retail stores are getting bigger and better each passing day. Retail software in India is becoming an absolute necessity to keep pace with the growing demands of the industry and to manage the rapid growth in this market effectively.
Organized retailing is becoming the need of the hour as major retail businesses are finding ways and means of coping up with the tremendous buying power of the new generation of professionals. As competition stiffens, medium and even small retailers are waking up to the fact that complacency in the matter can drown them for good. Retail software in India is becoming a priority for all retail businesses that are looking to ride on wave of this huge retail boom.
Conventional point-of sales systems have long become obsolete as they have their limitations. In fact many retailers have done away with such systems long back and are experimenting with retail solutions in India to have a better control over sales and inventory. Software solution providers are also waking up to the need of this segment to have better, user-friendly systems to help them get a grip on the situation.
Retail software in India can help retailers enjoy various benefits. One of the best advantages comes from having better inventory control. Retail ERP systems haves features that allow retailers of both medium and large sized stores to manage their inventory and customer service. The best retail software has functionality that allows retailers to keep many aspects of their retail business under control.
With the right type of software, taking decisions becomes easier especially when it comes to identifying the fast moving retail products and how much of stock should be maintained to retain good control over inventory positions. It is also crucial to deploy the right software so that retailers can improve the quality of business management and also maximize the efficiency of customer service.
One important driver of retail software in India is that every retailer, big or small wants to have information to enable him to make the decisions that help him have the right products available at the right prices and the right places. Research into various aspects of the retail industry reveals that proper adoption of the correct technology can attract new customers, enhance profitability and improve overall quality of business management.
In retail sectors where the scale of operation is high and involves multiple levels of control and sale points, automated processes can help in a major way. Not only does it eliminate the manual way of doing computing tasks completely, it also minimizes the chances of errors creeping into the records considerably. Efficiency levels increases to optimum levels as real time availability of information helps retail companies make better and informed decisions.
A major advantage is the ability of retail software to track down customer information at will. This can help retailers offer customized services to their loyal clients, the best way a retailer can acknowledge the importance of a customer.

Virtuous Retail Retail Therapy all Over India

India’s growing demographic strengths has boosted organised retail; and the industry is expanding at a rapid pace.

But the dynamics of this segment are different from that of residential properties. The success of a mall depends on factors like location, design, anchor tenants and good tenant mix. This is where Virtuous Retail stands in good stead. With specialized know-how in creating high-performance lifestyle centres, Virtuous Retail not only offers premium commercial space but complements it with intelligent tenant relationship management. It is the only institutionally owned, developer-operator of lifestyle destinations, it has a pan-India footprint.

Virtuous Retail is currently developing world-class lifestyle centres; the flagship VR Bengaluru and Arena. Virtuous Retail offers premium retail space for lease in Bengaluru, which boasts of one of India’s fastest retail growth figures. Retail therapy takes on a whole new meaning with the advent of the ritzy VR Bengaluru. This awe-inspiring structure spans 1.5 million square feet; and features over 200 luxury and super-premium retail, entertainment and F&B outlets. Located in the heart of the buzzing Whitefield, VR Bengaluru houses top-notch commercial spaces, contemporary offices and a hotel in addition to shopping. The rooftop houses a Sky Deck, a multi-activity venue that is a wellness centre by day and a leisure hub by night.

Premium retail space for rent in Mumbai is hard to come by in a city that enjoys a mature consumer market, but is bursting at the seams. The Boulevard by Virtuous Retail is located in the swanky suburb of Juhu, the only destination in an 8-kilometer radius. Boulevard offers 8, 50, 000 square feet of luxury, premium and high street shopping; with 7,00, 000 square feet for residential development. 6, 00, 000 square feet of space is earmarked to house a high-end sports club, hotel, and banquet space. These are separate blocks connected via boulevards for retail, F&B, and outdoor events.

The retail market in Kolkata is different and an interesting one. India’s third most populous city is an eclectic mix of the traditional and the modern; and is growing by leaps and bounds. In fact, the household expenditure in Kolkata was found to be INR 1,822 per person per month on average, which is much higher compared to other metros. Naturally demand for upscale retail space for rent in Kolkata is rising. Epicentre in New Town, a joint venture of Virtuous Retail, offers a whopping 2,300,000 square feet of leasable space. This ten level mixed-use lifestyle centre is set to house 7, 00,000 square feet of retail space; along with a star hotel and upmarket residences.

Like any other real estate investments, it is important that any retail real estate investment is backed by a proven track record. Virtuous Retail’s expertise includes the entire gamut of research, planning, design, development, leasing, marketing, operations, and regulatory compliance.

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