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rajnsharma
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Joined: 31/Jul/2009
Location: India
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Posts: 1202
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   Posted: 25/Nov/2011 at 7:50am |
Originally posted by subu76
I don't quite get the point about how modern retail will actually create more small retailers and how they'll coexisit like now. Personally, I now buy a lot less from my local kirana since i like the comfort of shopping in a mall. Almost everyone i talk to has similar experience
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I have the exactly opposite feeling. My neighbourhood Kirana store delivers the items to me over phone. They give me 3% discount as well. When I go to Reliance Mart it takes me half an hour in queue after finishing the shopping. I feel both will co-exist but the local kirana have to maintain their emotional conection. Those who are not able to maintain that will be wiped out.
Edited by rajnsharma - 25/Nov/2011 at 7:50am
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Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
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ravi123
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Joined: 21/Sep/2011
Location: India
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Posts: 48
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Posted: 25/Nov/2011 at 8:34am |
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The hiking of the FDI into multibrand retail to 51% would pave the way for the entry of Walmart, Carrefour and other organized retailers. According to Anand Sharma it is expected to create 10 million jobs with 4 million direct jobs and 6 million in logistics and would pave the way for billions of dollars invested in back-end infrastructure, cold chains,etc. Even In Indonesia where similar provisions exist it still has 90% of the business being generated by small retailers even after nine years have elapsed. A good policy from Anand Sharma.
Edited by ravi123 - 25/Nov/2011 at 8:35am
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2013-2019 equity bull run like the 2003-08. Sensex to see levels of 50,000-60,000.
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subu76
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Joined: 25/Feb/2008
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Posts: 5709
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Posted: 25/Nov/2011 at 9:16am |
Originally posted by rajnsharma
Originally posted by subu76
I don't quite get the point about how modern retail will actually create more small retailers and how they'll coexisit like now. Personally, I now buy a lot less from my local kirana since i like the comfort of shopping in a mall. Almost everyone i talk to has similar experience
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I have the exactly opposite feeling. My neighbourhood Kirana store delivers the items to me over phone. They give me 3% discount as well. When I go to Reliance Mart it takes me half an hour in queue after finishing the shopping. I feel both will co-exist but the local kirana have to maintain their emotional conection. Those who are not able to maintain that will be wiped out.
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Sure, kirana stores that can innovate will not get wiped out but some business will be snatched away. Earlier I'd shop exclusively from Kirana stores.Now i shop essentials from kiranas. Even my parents have ditched their 20 year old kirana shop About 60-70& of my business goes to the retailer. Anyway, I'm happier shopping in Spar/Heritage Food/Inorbit since i like the ambience/AC/number of SKUs/parking and convinience
Edited by subu76 - 25/Nov/2011 at 9:19am
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subu76
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Posted: 25/Nov/2011 at 9:22am |
Any major policy decision will always have pros and cons. Unfortunately, it's hard to come by studies which highlight both aspects in a dispassionate manner The reports and articles all seem to be extremely biased depending upon which camp has authored it.
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S.Varghese
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Joined: 12/Jul/2011
Location: India
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Posts: 329
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Posted: 25/Nov/2011 at 9:36am |
Originally posted by subu76
Originally posted by rajnsharma
Originally posted by subu76
I don't quite get the point about how modern retail will actually create more small retailers and how they'll coexisit like now.
Personally, I now buy a lot less from my local kirana since i like the comfort of shopping in a mall.
Almost everyone i talk to has similar experience |
I have the exactly opposite feeling. My neighbourhood Kirana store delivers the items to me over phone. They give me 3% discount as well. When I go to Reliance Mart it takes me half an hour in queue after finishing the shopping.
I feel both will co-exist but the local kirana have to maintain their emotional conection. Those who are not able to maintain that will be wiped out. |
Sure, kirana stores that can innovate will not get wiped out but some business will be snatched away.
Earlier I'd shop exclusively from Kirana stores.Now i shop essentials from kiranas. Even my parents have ditched their 20 year old kirana shop
About 60-70& of my business goes to the retailer.
Anyway, I'm happier shopping in Spar/Heritage Food/Inorbit since i like the ambience/AC/number of SKUs/parking and convinience |
I personally know Kirana stores which have closed shop. Sometimes I feel bad, but then it was long overdue. In the license/permit raj how these middlemen exploited their own countrymen. Let there be competition and the consumer will indeed become king. Even now APMCs have so much clout in the life of the common farmer and the consumer. Competition will be good for the majority and in the process some people will lose out.
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Fools rush in where angels fear to tread.
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gaurav12123
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Joined: 17/Mar/2010
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Posts: 115
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Posted: 26/Nov/2011 at 2:06pm |
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Titan is also retail play.
don't you think Titan will also get benefited.
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When I Trade i Try To Earn Infinity.
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rohit1889
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Joined: 25/Jun/2011
Location: India
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Posts: 518
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Posted: 26/Nov/2011 at 4:49pm |
Originally posted by gaurav12123
Titan is also retail play.
don't you think Titan will also get benefited. |
If i'm not wrong Titan will qualify as single brand retail. It was opened for FDI long before.
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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ambore
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Joined: 05/Nov/2010
Location: India
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Posts: 272
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Posted: 26/Nov/2011 at 8:26pm |
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Does the decision need approval from Parliament? Even it if it is approved, please note state governements still could create problems at the local level. Even in the best case scenario, I am looking at a time frame of at least six months to one year for Walmart, Tesco, Carrefour, etc. to start operating.
Instead of focusing on the current retail players, why can't we look at the new ideas in the segments like - frozen/packaged food, supply chain, packaging, etc. that can take of advantage of it. It is a positive news for real estate companies also.
Edited by ambore - 26/Nov/2011 at 10:48am
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Ramana Rao Ambore
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