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“Organized Vs Unorganized


in small or individual lots for direct consumption by the purchaser. It first was recorded as a noun with the meaning of a "sale in small quantities" in 1433 (French). clip and divide" in terms of tailoring (1365).Retailing Retailing consists of the sale of goods or merchandise. paring". . Retail comes from the French word retaillier which refers to "cutting off. Like the French. the word retail in both Dutch and German (detailhandel and Einzelhandel respectively) also refer to sale of small quantities or items. shred. Its literal meaning for retail was to "cut off. from a fixed location such as a department store or kiosk.

sidewalks or designated streets and may involve the construction of temporary structures (market stalls). . Usually this is done on town squares.Retail types There are three major types of retailing. a physical location where buyers and sellers converge. The first is the market.

Self-service. where goods may be handled and examined prior to purchase. where goods are out of reach of buyers.The second form is shop or store trading Some shops use counter-service. jewellry) and controlled items like medicine and liquor.g. has become more common since the Twentieth Century. This type of retail is common for small expensive items (e. . and must be obtained from the seller.

on television or on a website. .A third form of retail is virtual retail where products are ordered via mail. telephone or online without having been examined physically but instead in a catalog.

a retail consulting and research agency. strong income growth and favorable demographic patterns.Retail sector: on an upward curve India's vast middle class and its almost untapped retail industry are key attractions for global retail giants wanting to enter newer markets.5-billion mark from the current size of US$ 7.5 billion. predicts that by 2010. While organized retail in India is only two per cent of the total US$ 215 billion retail industry. KSA-Technopak. . organized retailing in India will cross the US$ 21. it is expected to grow 25 per cent annually. driven by changing lifestyles.

. But organised retail is estimated at only US$ 8 billion. organised retail is expected to grow to US$ 22 billion.Future of Retail in India The Indian retail market is estimated at US$ 350 billion. With the growth of organised retailing estimated at 40 per cent (CAGR) over the next few years. the opportunity is huge—by 2010. However.

and changing lifestyle. .Reasons for Retail Growth: •favourable demographics •rising consumer incomes • real estate developments •especially the emergence of new shopping malls.both from within India and overseas . •availability of better sourcing options .

•Organized versus Unorganized Retailing •Changing Age Profile And Disintegration Of Joint Family •Growing Disposable Income •Income growth and structural changes will fuel growth •Organised Retailing Will Expand Sharply •Foreign Investment Will Play a Bigger Role in Retailing .

and electronics. automotive.CONCLUSION: A further testimony to the fact that the technology is being taken seriously. pharma. aerospace. transport and logistics. is its deployment in strategic sectors like defense —the US Department of Defense (DoD) has mandated the use of RFID tags at the case and pallet level amongst all its suppliers so that it can have complete visibility of all its goods and assets. The Indian army could benefit hugely from adopting RFID technology. Some of the other sectors where RFID is expected to witness widespread deployment includes food. .

it is imperative first to develop a clear understanding of how RFID affects supply chain dynamics. . food products.EPC/RFID technology has great potential in counterfeit detection across product categories —a killer application for India which can liberate from the scourge of counterfeiting in pharma drugs. etc. automotive parts. and then be willing to question and change the ways in which supply chain planning and execution is done. For a company.