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Impact of Organised Retailing On Traditional Retailers
Impact of Organised Retailing On Traditional Retailers
ORGANIZED RETAILING
Modern retailing with busy shopping malls Multi storied malls Huge complexes They offer a large variety of products in terms of quality, value for money and makes shopping a memorable experience.
Modern retail formats, such as hypermarkets, superstores, supermarkets, discount and convenience stores are widely present in the developed world, whereas such forms of retail outlets have only just begun to spread to developing countries in recent years. In developing countries, the retailing business continues to be dominated by family-run neighborhood shops and open markets
REGULATIONS OF USING SIMMILAR TYPE OF STRUCTURE ieFORMAT RETAIL STORES LIKE SUPER MARKETS ,HYPERMARKETS,SPECIALITY STORES ECT
ENHANCES WELFARE GAINS TO THE CONSUMERS IMPACT ON GROWTH &PRODUCTIVITY DIRECT LINK TO AGRICULTURE OR MANUFACTURE SAVING COST IMPROVEMENT OF GOVT REVENUES
UNFAVORABLE IMPACT OF ORGANISED RETAIL ON UNORGANIESD RETAIL SECTOR Unorganized retailers in the vicinity of organized retailers experienced a decline in their volume of business and profit in the initial years after the entry of large organized retailers The adverse impact on sales and profit weakens over time There is competitive response from traditional retailers through improved business practices and technology up
FAVORABLE IMPACT OF ORGANIZED RETAILING ON TRADITIONAL RETAIL Exposure of organized sector Striving for growth Entering into New ventures
Trying to upgrade through new