We in India are talking of about 30% compounded growth for Retail Industrty,but scenerio in other parts of world is not so. Retail Sales has fallen to record low in UK for the month of August, because of wet weather and downturn of the housing market. As a result of falling Retail Sales, retailers are resorting to job cuts. Stores selling furniture, carpets and household goods were the worst affected with every single shop reporting falling trade in August. Super market is the only format which has shown growth but still it is also growing at a decreasing rate.
Even in USA same store sales are falling due to preesure on consumer spending. So, it seems that emerging market is the only option for the Global Retailers to grow. (Read: Global Retail Opportunity : http://bimtech-retail.com/blog/2008/global-retail-opportunity/ )
- 
Rajeev Damani 
Email
Print
Loading ...
August 29th, 2008 at 12:41 pm
I told ya
August 29th, 2008 at 12:58 pm
He he.. i know.. this is the next thing which gonna happen !!
August 30th, 2008 at 1:53 am
hi ya…but guess wat? wal-mart was still able to make better same-store year-on-year profits…
September 1st, 2008 at 10:17 am
Rajeev for retailers u made a recommendation of using GRDI index, but wht abt us wht abt our IT solution industry, after US we eyed on UK & Europe bt where to go now ….
September 1st, 2008 at 12:41 pm
You are right prateek.. That is what even worrying me, after US, UK & Europe are major source for our business. I guess things are cyclical and will improve with time. And the only pie left now is APEC. We might get business from expansion of US, UK and Europe based Retailers in APEC and other Emerging Markets.
September 2nd, 2008 at 5:05 pm
Hey jay.. Walmart is like father of all
,