The buzzword in Indian industry is now – “Organized Retail”. We would like to educate many of those who have asked us on how the organized retail industry stacks up in India. Even though most of the existing organized retail in India is restricted to Tier- I & II cities, this is how it has taken the shape till today.
Level – I: Specialty stores catering to particular category
Level – II: Departmental Store, Supermarket, Hypermarket catering to 2-3 categories of retail
Level – III: Cluster of Departmental store, Hypermarket and Specialty stores
With the initial euphoria in retail back to reality levels, expect brand consolidation and softer rollouts in the next few quarters.