P
pthakur
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India---315 Hypermarkets Likely In I & II Tiers By 2011 : ASSOCHAM
Based on the study of the ASSOCHAM and KPMG, it is pointed out that
tier III, IV and V towns should be on the radar of retail majors
today, since even if they decide to set up stores in these towns 3
years from now, planning for the same should begin at this stage.
Further, in case of a large number of towns beyond tier I & II, one
hypermarket maybe sufficient to cater to consumption of that town due
to which a first mover advantage will be crucial. This fact
necessitates the need of evaluating potential of these towns beyond
tier I & II as early as possible.
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Just concluded Study jointly undertaken by ASSOCHAM and KPMG has made
a forecast that 315 hypermarkets will come up in most of tier I and
tier II cities by 2011 and sell off all articles from automobiles to
needles under one roof.
The Study named `Reinventing Indias Retail Sector in its analysis
of
Feasibility of Hypermarkets in Tier I & Tier II towns between 2008-11
points out that that even in year 2008, 212 towns have sufficient
market potential for hypermarkets for break even existence. That is
a
different matter that this potential has yet to be realized.
It may be mentioned here that organized retail which is growing @ 20%
annually is encouraging mall building activities at phenomenal rate
which would ultimately amount to creation of chains of hypermarkets.
Releasing the study, the ASSOCHAM President, Mr. Sajjan Jindal said
that given the expected growth in number of households as well as in
income and consumption per household in urban India, particularly in
its leading 25 towns, 5 or more hypermarkets per city are feasible
even in 2008
Read full text: http://infoclickindia.com/news.php?sp=96&path_news=Assocham.jpg
Based on the study of the ASSOCHAM and KPMG, it is pointed out that
tier III, IV and V towns should be on the radar of retail majors
today, since even if they decide to set up stores in these towns 3
years from now, planning for the same should begin at this stage.
Further, in case of a large number of towns beyond tier I & II, one
hypermarket maybe sufficient to cater to consumption of that town due
to which a first mover advantage will be crucial. This fact
necessitates the need of evaluating potential of these towns beyond
tier I & II as early as possible.
-----------------------------------------------------------------------------------------------------------------------------
Just concluded Study jointly undertaken by ASSOCHAM and KPMG has made
a forecast that 315 hypermarkets will come up in most of tier I and
tier II cities by 2011 and sell off all articles from automobiles to
needles under one roof.
The Study named `Reinventing Indias Retail Sector in its analysis
of
Feasibility of Hypermarkets in Tier I & Tier II towns between 2008-11
points out that that even in year 2008, 212 towns have sufficient
market potential for hypermarkets for break even existence. That is
a
different matter that this potential has yet to be realized.
It may be mentioned here that organized retail which is growing @ 20%
annually is encouraging mall building activities at phenomenal rate
which would ultimately amount to creation of chains of hypermarkets.
Releasing the study, the ASSOCHAM President, Mr. Sajjan Jindal said
that given the expected growth in number of households as well as in
income and consumption per household in urban India, particularly in
its leading 25 towns, 5 or more hypermarkets per city are feasible
even in 2008
Read full text: http://infoclickindia.com/news.php?sp=96&path_news=Assocham.jpg