Major players in the retailindustry Tesco Itis an English multinational general merchandise and grocery retailer with itsheadquarters in Chesnutt, UK. It is currently the 3rd largestretailer in the world measured by revenue and the 2nd largestmeasured by profits (after Wal-Mart). Tesco has stores in 14 countries acrossAsia, Europe and North America and the market leader when comes to groceries inthe UK. Tesco in India Tesco rightnow has a limited presence in the Indian market with a center in Bangalore. In2008 Tesco announced their intention to invest about $115m to open a wholesalecash-and-carry business based in Mumbai with the help of the Tata Group.
Tescoalso is currently the only major international retailer to have a fully-ownedsupport center in India.IKEA IKEA is an,international home furniture company which designs and sells ready-to-assemblefurniture like chairs, desks, appliances, beds and home accessories. IKEA isthe world’s largest furniture retailer.
It was founded in Sweden in 1943 byIngvar Kamprad, the 1st IKÉA store was opened in 1953, whereas the 1st store tobe opened outside Sweden was opened in Norway in 1963. The stores graduallyspread to other parts of Europe by the 1970s, with IKEA’s first store outsideScandinavia was in Switzerland (1973). Later on, the stores were opened inother parts of the world like Japan (1974), Australia and Hong Kong (1975),Canada (1976) and Singapore (1978). IKEA further opened stores in the 1980s, inFrance & Spain (1981),appliances Belgium (1984), the United Kingdom (1987) and Italy In 1989) amongother areas. The company expanded into more countries in the 1990s and 2000s.
Germany, with 44 stores, Germany currently is IKEA’s biggest market. At the endof 2009 financial year, the IKEA group had about 267 stores in 25 countries. IKEA now isplanning to enter into Indian market with a war chest of around Rs 10,500crores IKEA plans to open single-brand retail ventures in India. In the firstphase IKEA plans to set up around 25 stores by investing Rs 4,200 crores. Thecompany has already sought government permission to set up a 100% Indianventure and has assured to increase its sourcing from India. Future Group FutureGroup is India’s 2nd largest retailer and one of the leading business houseswith a strong presence in retail. Future Group was established in 1994 by Mr.
Kishore Biyani. Future Group’s products come under the category of durable aswell as nondurable. Also, offers Clothing, Apparel, Home décor items, Furniturewhich comes under the category of Nondurable. The company owns a portfolio of24 leading brands and covers more than 121 cities. Thecompany has already launched the franchisee-based models in Mumbai, Hyderabadand Gujarat. The Future Group is providing its franchisees an electronicdevice, which would have all the information about its products and offers. Thefranchisee employees would visit the consumer’s place to collect the orders.
The company is currently targeting kirana shops, medical stores, and personswith consumer network, insurance agents and persons engaged in professionalservices like payment of bills etc, as franchisees. Through this venture, thecompany would also try to expand its base in the tier 2 and tier 3 cities,where the Future group still has no retail store. In return, the Future groupis paying a commission ranging from 3 per cent to 20 per cent, depending on thekind of products sold. Shoppers Stop Limited ShoppersStop Ltd is a professionally managed and systems driven organization promotedby the K Raheja Corp.
Sinceits inception in 1991, Shoppers Stop Ltd has introduced various retail formatsin India. The chain has become the highest benchmark for the Indian retailindustry. Apart from the flagship business of department stores, there are alsospecialty stores for books, home decor and maternity care & infant care. Symbolizingthe era of global recognition for Indian retailers, Shoppers Stop Ltd is theonly Indian retailer to be shortlisted in the Retail Advertising Award categoryfor its in-store marketing at the retail industry’s globally recognized event –World Retail Congress. Shoppers Stop had been named the merging Market Retailerof the Year at the prestigious World Retail Awards, which took place on 10thApril ’08, in Barcelona. The World Retail Congress is the most influential andhighest profile gathering of the retail industry across all retail segmentsacross the globe. Shoppers Stop ShoppersStop is one of India’s largest retail chain operating in large formatdepartment stores it owns around 172 stores in 25 cities across India occupyinga collective area of over 4.81 million sq.
ft. and offers its customers morethan 400 finest international and national brands. India’spremier fashion and lifestyle destination, Shoppers Stop currently has storesin Ahmedabad, Aurangabad, Amritsar, Bangalore, Bhopal, Chennai, Delhi,Durgapur, Gurgaon, Ghaziabad, Hyderabad, Indore, Jaipur, Kolkata, Latur,Lucknow, Mumbai, Mysore, Noida, Pune, Siliguri and Vijayawada. ShoppersStop is currently the only Indian retail company which is the member of theInter Continental Group of Department Stores (IGDS) along with 29 otherexperienced retailers from all over the world.
This proves that the company hasaccess to all the the new and emerging practices which are followedinternationally. Estee Lauder group ShoppersStop Limited has entered into nonexclusive retail agreement with world-renownedcosmetics major Estee Lauder to open M.A.C, Clinique and Estee Lauder stores inIndia.
M.A.C (Makeup-Art Cosmetics) the brand of choice among professionals isthe first brand under the Estee Lauder Group of Companies’ portfolio to enterthe Indian retail market.
Currently, with Shoppers Stop Ltd. there are around20 M.A.C. stores operating in Mumbai, Bengaluru, Delhi, Amritsar, Chennai,Hyderabad, Pune, Kolkata and Ludhiana.
Clinique currently has 10 stores/doors(including 2 standalone stores) and Estee Lauder has 5 stores/doors including 3standalone stores, one each in Mumbai, Bengaluru and Delhi. Hyper City ShoppersStop Limited has acquired a majority stake of 51% equity share capital in Hypercity Retail (India) Ltd, thus making it a subsidiary of Shoppers Stop Ltd.Hyper City operates 12 stores one store each in Ahmedabad, Pune, Ludhiana,Amritsar, Bhopal, Jaipur, Navi Mumbai and Hyderabad and 2 stores each inMumbai and Bengaluru.Hyper Cityhas redefined the experience of the Indian consumer in the big store format.
Its offering includes food and grocery, general merchandise and apparel. Airport Retailing Currently, it has 1 store inHyderabad domestic airport and 2 stores in Bengaluru domestic airport. 4 dutyfree stores are run by the JV Company in the international airport atBengaluru. Reliance Retail Reliance Retail Ltd.
is a subsidiary ofReliance Industries (Under Mukesh Ambani) .It was founded in 2006 and is based in Mumbai, currently it is thelargest retailer in India in terms of revenue. The company in its retailoutlets offer footwear, foods, apparel and groceries, lifestyle and, electronicgoods, The Company’s Reliance Fresh outlets also provide vegetables, fruits andflowers. Reliance Digital focuses on consumer goods, consumer durables,entertainment and leisure.
Reliance Jewels focuses on Jewellery whereas Trendsfocuses on clothing. Reliance retail today has a total of 3,383 stores as ofJune 2016 in India with an area of over 13 million square feet spanning across210 cities. D-mart D-Martis one of most profitable and largest retailers in India, it has stores spreadacross eight states, and has majority of them in Maharashtra. The company as ofnow has around 112 stores (quint, 2017), with retail space totalling up to 3.4million square feet, located across 41 cities.
Dmart’s 63% revenue comes fromMaharashtra, trailed by Gujarat which contributed to almost 19 %. Inthe last 15 years, Dmart’s has opened around 112 stores. All these stores havebeen opened based on cluster approach, Dmart’s opens new stores within a smallradius of its existing store and targets densely-populated residential areascomprising of lower-middle, middle and aspiring upper-middle class audience.This helps them in reducing the distribution cost and to understand the needsof the local/regional people better. Spencer’s Retail Spencer’sretail is a retail chain owned by the RPG Sanjiv Goenka group. The companywhich is headquartered in Kolkata works on a food 1st model.
Meaning that it many focuses on selling fresh food item and packaged foodgoods. The company owns both convenience stores and hyper stores. Spencer’s hasa lot of in house brands and tries to promote them while promoting their ownproducts.
They currently own about 120 stores across 35 cities.