Retail Dude

When we started off with Retail Dude, we had intended it to be a small blog for people of similar interest, to be cunning and straight. Then, we realised that if we agree with most of our own theories that we develop here, we need to grow! just like any other venture we throw sarcasm at, we need to provide you with more reasons to be happy, more reasons to do something

So, here is another attempt to do the same! Retail Dude Jobs, which can be found at the URL: http://jobs.retaildude.com (Bookmark it) where we intend to make it an open platform for recruiters to look for some quality retail workforce within India, keeping it free, and transparent.

Its a virgin start, no jobs yet

- Team RetailDude

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Since we at Retail Dude are committed to help out our new young brigade to learn more and better about retail, here is a small presentation that is shared in the download section. The presentation very easily is a thought provoking one which talks about some essentials in retail. These are basic pointers if you are to open up a retail store. This is just to facilitate more learning’s. This presentation is a big thank you to Global Purchasing Inc.

Retail up guys!

- Sudip

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Keeping up with our trend of providing you with quality reference material, we have uploaded two new articles in our DOWNLOADSsection, The first article focuses on the “Twist in Retail sector” providing you real insight into the world of retail in India, and the second article provides an insight into the hottest issue right now - The US Financial Crisis. As a RetailDude.Com featured article, you can expect these article to be straight forward, cunning with a bit of sarcasm and humor. Looking forward for your feedback as well

Cheers!

- Sarthak Taneja

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The India Retail Report 2009 compiled by research group Images F&R Research is again optimistic about Indian Retail Industry. As per the report, spiralling income and rising economic growth (I don’t know where it is) will fuel the growth of industry and it will touch Rs. 18,10,000 crore by 2010. Organized Retail is expected to constitute 13% of it i.e. Rs. 2,30,000 crore. The report says that though people are perceiving that organized retail will hit mom & pop format hard, but modernizing retail will generate employment for 15 million people in different activities.

The report is based on rising economic growth rate of 8-9 per cent and a hike in average salaries by about 15 per cent which may trigger the rate of consumption. But with subprime crisis in US, Indian companies are also affected in big way, and even stock market is suffering. We hear news of cost cutting and layoffs daily. So, I don’t know how far it is right to believe growth rate of 8-9% and hike of 15%.

Food and grocery dominated the retail segment with 59.5 per cent share valued at Rs 7,92,000 crore, followed by clothing and accessories with a 9.9 per cent share at Rs 1,31,300 crore.

-          Rajeev Damani

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