How to start a Retail Business in India?

How to start a Retail Business in India?

Retail businesses are and have always been a staple in India. ‘Retail’ refers to purchasing finished products from manufacturers and producers and selling them to interested customers. India is the 4th Largest retail market in the world in retail. The retail sector contributes about 10% to the nation’s Gross Domestic Product (GDP) and 8% to…

7 Smart Tips on Super-Simplifying Your Retail Store Expansion

7 Smart Tips on Super-Simplifying Your Retail Store Expansion

The retail business is one of the most lucrative in present times, so it makes sense to want a full-fledged retail store expansion. Once you have unprecedented success at one location, what’s stopping you from opening a branch in another lucrative area? Picture the skyrocketing customer demand your products would strive to fulfill after a…

9 Most Common Types of Customers in Retail

9 Most Common Types of Customers in Retail

If you are planning to open up a retail store or expand your brand’s physical presence, you will usually encounter diverse types of customers visiting your retail outlet. We’ve compiled a list of the most common types of retail customers that you may frequently encounter in your retail store. Understanding their shopping behaviors will help…

Top 8 Reasons Why Brands Say Yes to Offline Retail

Top 8 Reasons Why Brands Say Yes to Offline Retail

Today, E-Commerce has become synonymous with technological advancement, and doorstep delivery has become the shopping norm. Yet one persistent question remains: why do we still see crowds in offline retail stores? The answer is multi-faceted. 2021 witnessed 750 million smartphone users, touted to be a billion strong by 2026. Each of those 750 million people…

Best Retail Marketing Strategies that have worked wonders

Best Retail Marketing Strategies that have worked wonders

For a retail business to be successful, it must generate sales. Without proper retail marketing strategies, generating sales is practically impossible. Your retail’s success boils down to how your current and prospective customers perceive and talk about it. Your business’s reach is determined by whether or not it has positive feedback from the targeted market…

Diversity in Retail: Different Formats of Retail Market

Diversity in Retail: Different Formats of Retail Market

Derived from the French words ‘re’ and ‘tailer,’ retail means to “cut again.” In a way, that is precisely what today’s retail means. Goods are sold in limited quantities to make a profit in different formats of retail stores today. It involves many activities that end with the final sale to end customers for personal…

Top 3 Challenges with Retail Expansion in 2022 and Beyond

Top 3 Challenges with Retail Expansion in 2022 and Beyond

The retail landscape has been in a state of constant transformation from the past 2-3 years and the pace has exponentially increased in the past 1.5 years. After several pandemic-induced lockdowns and social distancing, customers are back to the offline shopping patterns and as the demand grows, retail brands are stretching their wings wide to launch new offline stores.