RETAIL INDUSTRY: AN EMERGING OPPORTUNITY


Participants: Junior / Middle executives and managers from different retail organizations or from organizations interested in getting into retail business.

About the Programme: Programme in Retail Management

Organized retailing has witnessed significant growth in the developed economies from around the ‘60s and today is a matured industry in many of the western markets. In India, it has taken off for some time and is presently getting into the second stage of growth with entry of mega domestic and international players.

India is one of the youngest nations in the world with more than half the nation’s population below the age of 25 years! High aspiration levels and optimism of this young India has been a key driver for consumption in India today. We believe that the next phase of economic development in India will be consumption led. With the sustained and strong rates of economic growth, retail sales is expected to cross USD 400 billion by 2010, turning India into the biggest retail market in the world! India's total retail market is estimated at $300 billion of witch organized retail is at $7.5 billion and is expected to grow at a compounded rate of 30 per cent over the next 5 year. Currently estimated to employ nearly 15 per cent of educated Indian adult, the industry has the potential to employ over 20 million people in the next four to five year assuming an 8 to 10 per cent share of organized retailing in the total retail business.

The fast changing retail environment demands that professionals learn new skills, improve their efficiency, learn to compete and think out of the box. Since retailers work directly with customers and there is need for good managerial talent to interpret and satisfy the needs and desires of customers. All this requires an education that is intensive, comprehensive and closely linked to the retail business world. The need is to have a program which has all the inherent features of a business management program and includes experiential learning throughout the program.

Today, the leading multi format retailer in India with presence in food, fashion, home solutions and consumer electronics, books and music, health, wellness and beauty, general merchandise, communication products, E-tailing and leisure and entertainment. As per our projections, our businesses would grow manifolds in the next few years, both in terms of new formats as well as the new locations that we are planning to venture into. Hence, we are looking for bright, young people like you to partner us in our growth journey.