Green Retailing refers to the managing of retail business that care for the environment and takes advantage of environmentally friendly processes.
It is a management approach that pursues environmental protection to
improve the retail value chain through eliminating waste, increasing efficiency, and reducing costs. OUTLOOK OF INDIAN RETAIL SECTOR 1. The retail sector in India is viewed as one of the most Retail companies which sign fast paced commercial up for green retail practices sectors in the world and is one of the top five retail markets globally in terms of economic value
2. This growth of the retail 3. Retail is the second largest sector
sector growth is taking place in terms of employment after not just in major cities, but agriculture, providing livelihoods also in Tier 2 and Tier 3 for over 40 million people or 3.3% cities of the Indian population ORGANIZED V/S UNORGANIZED RETAIL 2016 2030
6% 6%
Unorganized Retail Unorganized Retail
Organized sales Organized sales
94% 94%
Unorganized Retail Unorganized Retail
In India, unorganized retail refers to general stores, Organized retail in India includes those retailers pan/beedi shops, convenience stores, the local kirana who register their business for sales and income store and small family-owned stores. tax, and have obtained a license to carry out their business. Typical examples of such retailers are supermarkets, hypermarkets, convenience and specialty stores. NEED FOR GREEN RETAILING IN INDIA Industrialization has marked Low literacy levels, development of developing primitive business countries like India among practices, and unending the powerful developed cash crisis forces them to countries. The environment stick on to existing was affected poorly by methods of selling. industrialization during 19th and 20th century. India is 5th most preferred location But still organizing retail for retailing in the world. is moving towards green 96% of the Indian market retail constitutes the 12 million plus unorganized outlets with average shop size less than 500 square feet. These kirana shops are run by small businessmen whose main objective are sheer profits and show less environmental concerns . VALUE CHAIN IN GREEN RETAIL WHAT NEEDS TO BE DONE? The organized players will have to lead the way for implementing Green Retail in the Indian context. However, support from the government and consumer will be critical in this regard. All three will have to work in unison to get us towards a greener planet.
T stands for Think green Incorporate Green into the company
mission and appoint people responsible for looking at the business comprehensively A stands for Act green Build green practices as to how the organization is managed, from how the buildings are built to how fleets are managed. S stands for Sell green Natural products, organic products, fair trade products are all ways of ensuring green products reaching the customer C stands for Convey Green Work towards educating the customers, employees on green aspects and how it is incorporated in the companys processes. CONCLUSION 1.Changes in the environment are impacting all. It is our duty as responsible businesses and consumers to take steps and mitigate the situation. Retailers are the link between consumers and manufacturers. 2.The future of retail 3.They could be an can be shaped by opportunity area and changing green practices could be Collaboration with incorporated at each level the suppliers, Store leading to management operations moving of carbon emissions, towards green efficient use of resources practices, and reduction in poverty Relationship with the the three main concerns customer. today.