Retail sector sees a bright future

Shailja Dutt,MD,Stellar Search said,We are extremely optimistic about the retail industry in India over the next 5 to 10 years. This sector is among the largest growth opportunities for Indian and international players.

Key points that emerged in the interactive and engaging discussions were:

Greater possibility of collaboration between real estate developers and retailers with a win-win approach to attract consumers and increase spend in malls

Significant opportunities that are emerging in Tier 1 and Tier 2 cities where consumers and infrastructure are changing

Big box retail will drive purchases from consumers for core products like food,grocery,and apparel,but brand formats and other concepts will ensure consumers get wider product access

Women as an increasingly important consumer group with specific and demanding needs.