QUALITY IS NEVER AN ACCIDENT. IT IS ALWAYS THE RESULT OF INTELLIGENT EFFORT.
Retail is the business of selling goods made by others to individual consumers. It is a huge industry, dominated by Wal-Mart, Carrefour, Pantaloon, and Mark n Spencer, Big Bazaar, etc. which touches every corner of the globe. Due to the decline in the global economy, the future of many retailers is uncertain as consumers begin to spend less.
Retail industry, being the fifth largest in the world, is one of the sunrise sectors with huge growth potential and accounts for 14-15% of the country’s GDP. Comprising of organized and unorganized sectors, Indian retail industry is one of the fastest growing industries in India, especially over the last few years.
According to the Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail. The recent announcement by the Indian government with Foreign Direct Investment (FDI) in retail, especially allowing 100% FDI in single brands and multi-brand FDI has created positive sentiments in the retail sector.
Some sectors that occupy a prominent position with the retail industry are:
Sanitary & Ceramics
MJI Group has stepped up with new section launching the Tiles, Marbles,C.P.rs,fittings,Sanitaryware,PVC doors,CPVC pipes,Moulded doors, Plywoods, Laminates and more under the banner of M J Buildmart.
Apparel and Fashion Everybody understands the impact of fashion and textiles on the environment. Almost $19.5 billion were spent on online apparel shopping in the year 2009 and increasing since then.
Fashion & Lifestyle In India the vast middle class and its almost untapped retail industry are the key attractive forces for global retail giants wanting to enter into newer markets, which in turn will help the retail to grow faster.
Food & Beverage Retail Backed by huge potential and changing lifestyles, the food and beverage retail market is growing at a robust 30-35 per cent per year.
Pharmaceutical Retail Driven by therapies like anti-diabetic, vitamin, anti-infectives and dermatology, it accounted for a robust 15% growth in 2011.
E-commerce or E-retailing the next big revolution - With the advent of e-commerce in the retail industry, retail stores are facing stiff competition from e-stores. The rising demand for e-shopping has lead to a new debate cropping up in the world.
Factors driving growth are:
- Emergence of nuclear families
- Falling real estate prices
- Growing trend of double-income households
- Increase in expenditure for luxury items
- Large working population
- Low share of organized retailing
- Growing liberalization of the FDI policy in the past decade
The MJI Group is launching the first elite perfumes shop in Guwahati Metro. For the first time you can find Perfumes, Cosmetics and Jewellery under one crown. It is an exclusive show room of all kinds of branded Perfumes, Cosmetics and Jewellery within your means. The MJI Group will execute all type of customer’s necessity. Customer contentment is the dictum of the MJI Group.
C.P. Fittings, Sanitaryware & Ceramics