#LUXURYLAB #RETAILING #INDIA Organised retail can become the new sunrise sector, but retailers need to adapt to hybrid model #FMCG #Supermarket : Panel On The Web

#LUXURYLAB #RETAILING #INDIA Organised retail can become the new sunrise sector, but retailers need to adapt to hybrid model #FMCG #Supermarket (29/11/2018)

The share of organised retailing, or modern format retailing, which consists of hyper markets, super markets and small organised outlets, is only around 10 percent in India

Organised retail is reaching an inflection point. The sector is gaining critical mass and is consolidating, as evidenced by the flurry of recent deals. In August alone, Walmart picked up 77 percent stake in Flipkart for $16 billion, Warren Buffett agreed to invest in Paytm, and China's Alibaba invested $300 million in online grocery retailer BigBasket. Besides, Ikea opened its first store in the country.

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#LUXURYLAB #RETAILING #INDIA Organised retail can become the new sunrise sector, but retailers need to adapt to hybrid model #FMCG #Supermarket (29/11/2018)