Snapshots from Indian Retail !
Organized retail is the industry of moment in India. For past few years, it has been the big thing. Every business group/company in India worth his/her salt has put some eggs in this basket. Now with dwindling growth rates and high inflation rates, the picture is not as rosy as it was a year ago but still most people would bet you money that organized retail is here to stay in India. Presented here are some of my experiences in past few weeks with Indian retail. 1. One day in big bazaar, we decide to have a look at sandwich makers. There are few brands on offer with most stock of a brand called Koryo which Future Group is promoting. For comparison, there is one from Usha. The piece is clearly old, its cord already disintegrating. Its only purpose seems to be to give some sense of choice and make Koryo look like a good deal. 2. We walk into Vivek's, an old and prominent electronics retail chain. They seem to have a more balanced collection with Bajaj, Murphy Richards, Philips.. Phil...