Our Services : Industry Domain 1 : Retail
The Indian retail sector is estimated to be at USD 530 Bn in 2012 including the organized and unorganized segments. The organized retail market has grown rapidly in the last few years to reach USD 41 Bn with CAGR of 22% for 2007-12. Yet, the overall organized retail penetration was only ~8% in 2012, with penetration in categories like Food & Grocery as low as 1.4%. Going ahead, rising disposable incomes, growing urban population and a significant young work force with an increasing preference for branded products are expected to drive the growth of organized retail in India. The overall Indian retail market is likely to grow to USD 1050 Bn by 2017 with organized retail expected to grow at 22% CAGR to reach USD 117 Bn. At this growth, the penetration of organized retail is likely to reach 11% by 2017. Moreover, with FDI in multi-brand retail being liberalized, the sector is likely to witness significant entry of global retailers. However, with India being a low-margin, high volume market characterized by high rental costs, companies would need to develop customized retail models specific to India.
Online retail is also emerging as a significant alternate channel across many categories. Though initial adoption has been in books and consumer electronics, many other categories are bound to witness growth of this channel driven by the consumer need for convenience. Online e-tailing (excluding Online travel) is estimated to be a USD 800 Mn market in 2012 and is expected to grow at over 40% annually over the next 4 years.
NMG’s Retail practice has assisted international and domestic retailers across a wide variety of retail sub-sectors such as consumer durables, apparel, footwear, food & grocery, food services (cafés and restaurants), home improvement, telecom, hospitality services and online retail.
Leveraging our unmatched India insights, we have engaged with clients across a wide variety of assignments such as :
Our differentiator is our ability to provide unique India insights and develop actionable solutions resulting in high client impact.
Winston Churchill, a leader of outstanding qualities, once said,
"A pessimist sees the difficulty in every opportunity, An optimist sees the opportunity in every difficulty."