Retail Industry in India

India is the most attractive retail market in the world. Retail market matured in India over the years but still it is highly fragmented. There are around 12-15 million outlets in the country making it a US$ 550 billion market. In past 5 years retail market witnessed a growth of 15% from 2010 to 2014, which is higher than Indian GDP growth.

Growing youth segment and working women population, rising incomes and rising purchasing power, higher brand consciousness, changing consumer preference, growing urbanization, Increase in number of upper middle class and rising internet penetration are the biggest drivers in the growth of retail industry of India. Also, rapid real estate infrastructure development, easy access to credit, increased efficiency due to development in supply chain and growing interest of investors are also helping retail sector to grow in India.

Retail Industry in India unlike other emerging economy is still very traditional in nature and is largely controlled by Cooperatives and Independent Retail companies. Street markets play an important role in the Retail industry of India as most of the population does their shopping here. Before the liberalization and globalization in 1991, western apparel, foods etc. we’re not available in the Indian market and the brand awareness and recall among the local population was negligible but after 1991 the awareness has steadily increased. This has allowed international brands to flourish.

Apart from normal brick and mortar stores e-commerce is the next big sector in India and is poised for a boom. India has all the necessary conditions like moderate per capita GDP, rising internet connections, large number of engineering graduates etc which are required for the success of E-commerce. Currently the E-commerce Market is worth more than billions of dollars but that is just the tip of the iceberg. The retail industry of India is hugely untapped and investors can massive returns when they decide to enter India’s retail sector. The Retail Market in India is expected to grow at a CAGR of till 2020.

What the report offers

The study identifies the situation of India and predicts the growth of its Retail Market. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Retail Sector of India. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by bazaars, brick and mortar shops and e commerce.

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10 Reasons to Use Revit for Retail Design

Why should Revit be used for Retail Design?

* Because it allows visualization of the model
* Because it allows drawings to be created from the model
* Because it allows quantity take offs, schedule creation, simple renders, export of model for more complex renders

How does Revit Benefit Retail Design?

* A retail design created using Revit can be easily modified right through the pre-construction and design stages of the project
* Revit is a more sophisticated tool compared to conventional drawings and design software
* Revit, if set up properly, calculates the required materials and components parts, based on the design, into schedules

Retail design is a specialized discipline based on notions that are central to merchandising, marketing, ergonomics, advertising and interior design. The store design is specifically created to build a shopping experience that is as positive as possible for both the retailer and consumer. Whilst some aspects of retail design are practical and are concerned with the way that merchandise is stocked. Other features are much more obscure and have more to do with creating a specific experience for a consumer as he strolls through the interior space of the store. There are also certain aspects of retail design that are concerned with guiding shoppers through the store.

Revit is a very important tool used for retail design. Autodesk Revit Architecture is a program precisely designed for Building Information Modelling (BIM). With the help of Revit Architecture, one can capture and analyse design concepts and precisely maintain coordinated design data through documentation as well as construction. Today, retail experience is all about a perfect design and presentation of a retail space and it’s also an ultimate representation of the retailer’s brand. Building Information Modelling plays a vital role in retail projects as it assists designers enhance the precision of design data created during different stages of planning and construction. Autodesk’s Revit architecture lays a platform for retailers and designers to create BIM retail design in a collective environment; however, there are several other significant benefits summarised below.

10 Reasons to Use Revit for Retail Design

1. It is a 3D design tool. The days of traditional drawings and design software are over as Revit is a more intelligent tool that provides 3D capabilities and views throughout its application.
2. It uses parametric 3D models created using Revit 3D BIM modelling rather than poly lines to help get a more precise design with actual objects as opposed to simple poly lines.
3. One of the more striking features of Revit is that if set properly, it calculates the required materials and component parts, based on the design, into schedules. This helps in avoiding manual checking and thus helps in preventing human errors.
4. Revit also lets visualization of the model along with allowing drawings to be created from the model so that accuracy from models to drawings and images is maintained.
5. Despite not being a standalone rendering tool, Revit does have exceptional rendering tools and abilities that allow designers to use Revit views directly from the model as opposed to a separate rendered solution using a special package such as 3DS Max.
6. Building up Revit BIM models using Revit BIM tools helps project managers to track the exact progress of the process through integration with time liner tools for all stages of the construction phase
7. Revit architecture also allows re-use of the same equipment in different stores, e.g. store furniture or store lighting or store graphics etc.
8. A retail design created in Revit can be easily modified right through the construction and design stages of the project
9. The tool lets users make changes to a specific area, such as section or a plan. This change will then update all other areas of the Revit Model such as an elevation or a schedule due to Revit’s database structure
10.Implementing Revit for retail design also make others aware about the project changes through easier online collaboration tools that enable work sharing of the same file during design.

Revit architecture for BIM modelling therefore has several benefits while creating retail construction drawings and is why leading retailers globally are increasingly using this tool for retail design. It helps them to manage the design process more efficiently, creating clash free drawings, extract precise procurement data and use 3D views in their design data. This together help the retailers lessen costs and create more certainty in defining timescale for store openings.

Recognising the Value of BIM in Retail Design

Retailers including department stores, supermarkets and shopping malls worldwide operate in a highly competitive market. As well as competing for customers and merchandise, one key factor that spells success for retailers is how rapidly they can expand their operations by sustainably scaling up the number of their outlets. To accelerate the time to market of all new outlets it is important that retailers adopt a design planning process that helps them create retail concepts that are adaptable, clash-free and efficient to build/install within the planned budget.

Considering the need for faster scale up, design accuracy, higher design flexibility and cost efficiency, adopting building information modelling (BIM) techniques can prove to be a positive value proposition for the entire retail property development chain from design consultants and architects, to MEP installers and facility managers. Whilst transitioning from conventional CAD drafting processes to parametric BIM retail design techniques requires significant time and effort, retail BIM modelling helps property developers/owners meet the complex requirements of a fast-paced and competitive industry.

Rapid Development of Design and Construction Documents
Traditional CAD drafting techniques for building design require different trades to create separate drawings. These drawings, which sometimes run into hundreds of inconsistent documents, only convey design intent but fail to communicate vital information necessary for building construction, such as specifications, bill of materials, cost modelling and schedule data. On the other hand, the BIM process necessitates developing parametric 3D models containing intelligent data related to design intent, construction and facilities management information. All this data is combined in one master BIM model that is shared with all major stakeholders.
Whilst the success of retail BIM project depends on the degree to which all project participants (the architect, the MEP design consultant, the MEP contractor, the subcontractor trades, and fit-out specialists, among others) accept BIM as the way forward. The ‘real’ benefit of BIM is in the just-in-time extraction of different documents, data, and views including plans, sections, elevations, 3D perspectives, renderings, bill of materials, bill of quantities (BOQ), material costs, and time schedule. This means retail construction drawing sets, detailed designs, shopfitting drawings, or any construction-related data can be quickly extracted and generated on-demand from the BIM model.

Development of Standardised Re-usable BIM Families
As retail is heavily focused on brand image and brand appearance, a retailer may commonly use consistent fixtures and fittings across their retail network. BIM allows the retail design team to develop a standardised library of BIM families for those fixtures and fittings which can be reused and modified when designing and planning new outlets. This helps the retail owners maintain brand identity with regards to design intent, visual elements, shopfitting layouts, and consumer experiences. As well as reinforcing the retail brand, the design team can increase the efficiency and reduce time required during the conceptual and detail design stages by creating, maintaining, and updating distinct BIM libraries for distinct outlet chains.
For instance, BIM families can be created for key retail architectural elements including floor furniture, shelving, gondolas, seating, storage and cash register areas among others so that these factors remain consistent throughout all the outlets whilst leaving room for customising architectural details and other culture-specific elements.

Creating Store Prototype Models that Can Be Localised
Another area where using BIM adds business value to the retail owners is in the development of new prototype store designs. BIM prototypes are not just 3D dimensional visualisations of the design intent but they are tied to a rich database comprising detailed information on crucial aspects: fixtures, materials, components, building systems, energy analysis, quantity take-offs, and cost estimation. Developing such ‘smart’ prototype designs speed-up the roll out of new store designs than using traditional CAD drafting methods.

This serves the purpose of recreating a similar retail environment and ambience in several locations using the design standards laid out to encourage optimum customer experience. However, international chains entering a foreign market also get the flexibility of tweaking certain aspects according to regional preferences whilst keeping the overall theme and identity consistent. Additionally, using the ‘master prototype’ BIM model as the starting point helps all the major project stakeholders (architect, building services consultants, constrictors, installers, shopfitting professionals, and procurement specialists) to effectively collaborate thereby helping the team to move smoothly into construction documentation without any delay or loss of data from the design and programming phase.

The Retail Software Solution Business Today

The growing impetus importance of retail business software is growth of the retail sector to a large degree. Retailing has great impact on economic development of a nation. Retailing has become an intrinsic part of our daily lives. Consumer spending on retail goods drives much of the global economy, and the retail industry employs a large number of people. Retailing industry mobilizes the investment and savings of people, as a small shop can be set up with minimal investment. They store merchandise, mark prices on it, place items on the selling floor and otherwise handle products; usually they pay suppliers for items before selling them to final customers.

Business software solutions in retail have been growing for this reason. The retail sector is enormous within the United States it includes one million stores and accounts for four trillion dollars in revenue in 2014. Within retail are numerous categories, covering everything from internet catalog sales, to auto dealers, to convenience stores, to vending machines, to clothing. Retail trade accounts for many consumer needs and will continue to in the future; the industry is expected to grow by an annual compounded rate of 5% from 2010 to 2015.

For years, retailers have managed some of the biggest data warehouses in the world. So they already have big data; now they must use those many terabytes to optimize operations, refine pricing, anticipate demand, and provide the product assortments customers want. Multichannel retail must be seamless for both retailers and customers and that requires a level of systems and data integration that goes well beyond what most companies have in place. There are various reasons for that. Retailers can create a more seamless experience for customers, and increase the productivity and effectiveness of employees, by incorporating mobile technologies beyond Smartphone shopping. Customer Relationship management is another large facet to focus on.

Retail Business Software should be able to deliver consistent, personalized shopping experiences, take full advantage of mobile technology, optimize inventory levels across all channels, identify opportunities that appeal to target groups and increase your employees’ mobile productivity. A customer centric intuitive software helps stay on top of shifting buyer habits and adapting to the dynamic customer behavior. They help achieve more success in marketing campaigns and thus add value to marketing efforts. The customer satisfaction level is in turn benefits the firm. Supply Chain software can maximize efficiency, responsiveness, and service levels across firm’s retail business with customer-driven supply chain management (SCM) software and thus achieve n greater forecast accuracy and optimize inventory. This directly affects the bottom-line, Optimization of resources in one of the biggest challenges in retail. Some of the popular retail software solutions include Windward, Aralco, Invys etc.

GLOBAL RETAIL AUTOMATION MARKET

Report Description:
The global retail industry is developing and growing with terminals and unattended terminals. These two categories haveUnprecedented changes. Retailers require advanced and been further divided into various sub-categories such asDeveloped systems to meet current market needs such as stationary/fixed POS terminals, mobile/portable POS terminals,
Reducing the cost, accurate results and fast processing. Retail contactless POS terminals, and kiosks/vending machines.Automation is a solution to these needs by providing the the report also includes retail supply chain automation market,Automated machines. The Retail Automation Market is which covers the major components such as belt conveyors,Expected to grow by leaps & bounds over the next 5-6 years on auto scissor lifts and automated dispensing cabinets.Account of the presence of various drivers such as increasing
Need for fast process completion, growing automation market geographically, the entire market is segmented into fourAnd developing retail market. Retail automation is a burning geographical region such as Americas, Europe, and Asia-PacificTrend in some of the major economies such as in the U.S., and Rest of the World

with current and future trends for eachGermany, China, and so on. Future retail market will rely on region analyzed in the report. The report includes all the driving
automated systems to cherish the market opportunities factors and restraints; it also describes the opportunities in the Because of its accuracy and speed. Retail automation market. It highlights the burning issues as well As winning imperatives to gain competitive edge in this industry.

The report covers major retail automation equipments which It also profiles all the major companies involved in the field of Are being used across various retail outlets around the world. retail automation, covering their entire product offerings, The retail automation market has been segmented by two financial details, strategies and recent developments.
Categories such as: Physical electronic POS (Point of Sales)

Key Take-aways
2
* Intensive analysis and revenue forecasts of the retail * Burning issues and opportunities with respect to retail
Automation Market. Automation market.
* All the major markets are covered across all the * Company profiles and market share analysis state the
Geographies. Competitive intelligence of market.
* Impact analysis of market dynamics that describe * Revenue growth strategies are devised from the market
Factors currently driving and restraining growth of the size and forecasts statistics for the next five years.
Market, along with their impact in the near, medium, and * Key growth strategies for companies in the field of retail
Long term. Automation are provided through analysis of the
Competitive landscape.

Opportunities Galore in the Retail Industry

According to the Current Employment Statistics Survey conducted by the BLS, payroll employment other than farm added 169,000 jobs for the month of August, 2013 of which 44,000 were jobs in retail. This is considered to be a direct influence of the recovering mode the US economy has finally gotten into. With more and more consumers getting less conservative about their expenses, the retail industry is able to get back on its feet with impressive consistency. For individuals looking for lucrative career options, the retail sector is definitely worth considering.

Different areas where retail careers can be explored are –

*Operations in Stores

Careers in areas like store operations, customer, employee and merchandise security, store management and sales assistance can be explored for lucrative opportunities.

*Administration and Finance

Careers in areas relating to staffing, auditing, accounting, finance, liaising can be considered. Capital acquisition and identifying sources of working capital and mergers and acquisitions are some of the challenging tasks to deal with in the retail sector.

*Human Resources and Training

The retail industry is all about managing the company’s greatest asset – the workforce. People skills are needed for careers in areas like recruiting, managing and training people. Jobs related to legal skills related to managing employee issues are also available aplenty.

*Buying and Merchandising

An eye for detail and numbers to match with creative flair are the requirements for a job in this category. Studying and forecasting trends, bargaining with vendors, selecting merchandise are some of the responsibilities to handle.

*Marketing and Public Relations

Jobs are created in areas like handling of media and public releases, advertising, promotions relating to sales, art merchandising and creating content for the company website and the online store.

*Customer Care Centers

Customer care call centers, customer support centers and online customer interaction are great avenues for jobs. High school graduates may also find sufficient opportunities in this area.

*Information Technology

Every department in the retail industry is governed by technology and support is essential for smooth functioning of all the functions. Jobs in setting up the basic technology framework to updating the soft wares, handling inventory programs from the buyer to the seller, managing real time merchandise updates, etc. are some of the complex technology driven careers to be explored.

*Logistics and Distribution

Overseeing storage and warehousing of merchandise, planning optimal distribution channels, handling various transportation options and import – export related duties constitute functions in careers in this department.

Online job search engines, company websites, advertisements in various print media, word of mouth and referrals are excellent sources to scour for retail job openings.

The Employment Outlook report formed by the BLS, observes the retail industry as America’s biggest employer with projections of 1.6 million retail jobs added from the year 2004 to 2014 taking the figure from 15.0 million jobs in 2004 to the projected 16.7 million jobs in 2014. A profusion of opportunities offered for a diverse group of skill sets and education backgrounds make it an exciting and challenging industry to be in.

Everything You Need To Know About Retail Displays

CNS Display provides you with retail display which is used for displaying products in a well organized and creative way. These products can make your store good looking and whole new level. We are one of the popular, best designer and manufacturer of visual display products like Retail Display Stands, Retail Displays Fixtures which can be suit to your pocket
We make lead in design, development and manufacture most advance retail enviornment including display system, display components and other display product Our US-based manufacturing facilities coupled with a very capable and highly qualified product and interior design team, and our intelligent process and technology provide us with unique hard-to-match capabilities not seen by any other provider in the market.

We provide you different displaying products stands –

* Shoe Displays
* Sunglass Displays
* Bag and Purse Displays
* Modular Retail Displays
* Cell Phone & Electronics Displays

Shoe Displays:-
We use a modular acrylic panel that has developed several designs that provide unique retail shoe displays. We also provide you various shoe display panels in different sizes and finishes with proven wall stainless steel standoff system.

Sunglass Displays:-
CNS Displays offers latest, original retail display systems for attractively display designer like eyewear and sunglasses. We also provide a wide and unique variety of unique, sunglass and eyewear displays for walls, countertops, windows, floor-standing frames.

Bag and Purse Displays:-
The highly latest and new contemporary counter-top or wall-mount bag and purse displays by CNS Displays combine the latest Bag displays hardware technology with latest ultra modern design to make a truly impressive and good looking stand in your bag retail store.

Modular Retail Displays:-
The modular retail displays offer clean lines, with a innovative look and immortal design. All components of the modular systems are high quality but still affordable and suits to every pocket. The complete look of retail display elements within the aesthetic framework enables a wide range of possibilities.

Cell Phone & Electronics Displays:-
Using modular acrylic panels, we have developed several designs that provide unique and impressive wallmount electronics and accessories displays. These come in various sizes and finishes and are installed easily with our proven wall stainless steel standoff system either directly on to the wall or on a wooden panel of your desired finish which is wall mounted with Z-brackets.

Our latest and innovative systems provide high levels of, quality, artistic, functionality in our stands for displaying products. In addition we are having ability to design, manufacture and implement top quality retail display systems, we also have Retail Displays, Optical Displays, Store displays, Store fixtures proven track record in delivering and implementing large-scale roll-out programs for a large number of top retail chains.

Enhance Your Lifestyle By Opting Retail Space at DLF My Shop

Retail Space Lucknow has been transformed into one of the most beneficial investment markets in the past few years. The Most impressive factor about the city is that it is infused with old world charm and latest features of modern day lifestyle. Lucknow is widely known as the city of Nawabs and the Lucknawi art, music, culture and food has always been the attraction of foreigners and natives alike. According to the CRISIL report – Lucknow is among the top-ten cities where the real estate has enormous potential in the future. The city, its peripheries, suburbs and other nearby regions are attracting the attention of real estate developers to a huge extent. Most of the reputed corporate firm, financial institutions & public/private sectors such as RBI, TCS, NTPC, LDA Office and Hindustan Times are placed here. The IT industry namely Wipro and HCL and educational institution like Amity university, Jaipuriya Institute and Lucknow University are some remarkable growth stimulators of the town.

If we talk about the Retail Shop Lucknow, the city has garnered huge fame with its flourishing retail as well. Retail developments such as the East End, Mall, Riverside Mall and Zee Mall are bringing the desired revolution in the retail sphere. The concept of high-street fashion and brands such as Gucci, Prada, Ven Huesen and many more other are making their presence in the city.

The changing trends of Office Space Lucknow have given a boost to the realty sector to a greater extent. Most of the real estate developers are coming towards the city to develop commercial, residential and retail projects. DLF Lucknow the reputed name in real estate is also coming up with its latest development DLF My Shop.

The project with a unique feature and qualitative offerings becomes is catching the eyeballs of most property buyers. The project is mixed-used and offering Retail over ground and first floor and the rest of the towers are dedicated for residential and commercial studio apartments. The retail has been developed to meet with the everyday needs of people living in and around the development. The venture is close to essential localities of the town and makes smoothing connectivity with places to and fro. Situated in Vibhuti Khand of Gomti Nagar the venture is close to the merger of 30 ft wide road. My Shop is an elegant mix of retail space, convenience stores and high-end shopping extravaganza so that you get to explore the global fashionable trends in the charming area of Lucknow. The retail includes major fashion brands from across the world and some essential retail spaces such as chemist shop, Florist, Bank/ATM and grocery shop. The retail is such that you can enter into your favorite brand without entering into the complex. Proper arrangements of Electricity, power back-up, multi-level car parking and security are also some major factors of DLF My Shop.

How to Become Successful in Retail Management

Retail Management is a dynamic field and offers lucrative opportunities to those who are willing to study for it and learn the ropes. What makes it more exciting is that you don’t need to finish a college degree to get started or become a successful retail manager. A short online course which you can take while you are working full-time can pave the way to a new and rewarding career in this industry. Since you will be dealing with different types of people, you must have good communication skills, be able to lead and motivate your staff, patient, keen attention to details, able to multitask, willing to work long hours and a problem solver. Running a retail store is very challenging but if you overcome the pressures, it can be very fulfilling too.

A retail management diploma may be helpful if you want to climb up the corporate ladder. It will also introduce you to the basic and technical concepts of running a business especially how to make your store profitable, hiring personnel and monitoring staff performance. After finishing a course, you can already apply for entry level positions. Some of the positions that you can apply for are store assistant, sales clerk or cashier. This is usually a first step to reaching the top. Observe and learn how the business works. Request to be assigned in different positions and shifts. Opening and closing shifts offer different insights so this will be helpful for you to become a retail manager later on.

While you are gaining experience, don’t forget the importance of continued education. Though it is not required to have formal college education, taking up retail management courses even through distance learning is important not only to update your skills and give you competitive edge over other candidates for retail managers but to establish contacts with key people in the industry as well. When you keep yourself updated with business trends and skills, it wouldn’t take long to qualify for managerial positions not only in retail but also in merchandising, sales, operations, accounting (if you take up accounting courses) and marketing. Choosing an accredited and recognized retail management institute is crucial in facilitating your shift to this field. Schools with good reputation often assist their graduates in applying for jobs by helping them create a solid resumé and providing references. Make sure you take advantage of on-the-job training or internship. If you have friends who own stores or businesses, volunteer to work there even for a few hours a week. This can give you valuable experience and let you develop important skill set that you can use when you are ready to run a business or manage a retail store.