Retail Dude

Whole world is eying at $350 billion Retail Market of India which is expected to double its size by 2015. Wal-Mart & Tesco have planned to open its first Cash & Carry store by 2009 end. Carrefour has also decided to enter Indian market in same format. Seeing the plans of its rivals, Metro AG who is already established in Indian Cash & Carry business has planned to double it’s presence in India. They plan to invest $120 million to open at least four new centers in Bengal. They are waiting for the license from Bengal Government to deal in agricultural produce and source directly from farmers. They will wait for a decision till 29^th September by which the government will decide on course of action. I hope that Metro AG will have a good time with Forward Bloc who is opposing organized retail in the state.

- Rajeev Damani

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Wal-Mart has its own way of doing things. When people were stuck with traditional mom & pop stores, it ventured into big formats, and know when all retailers are talking of big formats, it has ventured into small format. And I am sure that it will succeed here also. Yes, Wal-Mart recently jumped into Small Format Retailing with stores called Marketside. It’s the second time that Wal-Mart is not using its name since in format. First time it did it with Sam’s Club warehouse stores. Tesco has already ventured in this space with ‘Fresh & Easy’. These small format stores aim at providing fresh and prepared foods in a convenient neighbourhood location.

-          Rajeev Damani

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