Shopping Mall Impact on Small Bussinesses

Impact of Malls on Small Shops and Hawkers A small try on survey of the encroachment of malls on small shops and hawkers in Mumbai points to a decline in sales of groceries, fruits and vegetables, processed foods, garments, shoes, electronic and electrical goods in these sell outlets, ultimately threatening 50 per centime of them with closure or a major decline in business. Only 14 per cent of the sample of small shops and hawkers has so far been able to respond to the competitive threat of the malls with the groundwork of fresh sales promotion initiatives. ANURADHA KALHAN India is attempting to do in 10 years what took 25-30 years in other major orbicular markets. However, to-date there is very little understanding of what the impact of integrated retail will be on the so-called nonunionized retail sector and the agricultural sector (the countrys two largest sources of employment). This preliminary study is aimed at investigating the impact of malls on small shops and hawkers. O rganised corporate retailing is poised to cash in ones chips the business of the decade in India. Retailing presently contributes slightly 10 per cent of Indias gross domestic harvest-tide (GDP) and 6-7 per cent of employment. With some 15 million retail outlets, India has the highest retail density in the world.

But only 4 per cent of these outlets are more than 500 sq ft in size of it and almost all are familyowned shops and establishments [Mukherjee and Patel 2005]. The value of organised retail is expected to grow 2.8 times in the coming quadruple years to a Rs 1,000 billion industry, attracting many global retail chains like Wal-Mart, Tesco, and Carrefour [Outlook, October 16, 2006]. Foreign direct investment funds (FDI) up to 51 per cent in single blade retail was permitted last year and multi-brand retail is expected to idle up to FDI soon. Meanwhile, Indian retail chains like creed Retail, Croma, Aditya Birla group, S Kumars, Shoppers Stop, Westside, Subhiksha, and Trinethra have all been consolidating their... If you want to get a full essay, order it on our website: Ordercustompaper.com

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