Organised retailers should use a compact hypermarket concept to tap into India’s significant retail opportunity as they can compete head-to-head with kirana (mom-and-pop) stores, a new study has revealed. Management consultancy firm AT Kearney, which publishes the annual Global Retail Development Index (GRDI), has issued a study on how retailers can tackle India’s US$ 435 billion market. According to the report, given the sheer size of the Indian retail market, it is no surprise that many Middle East retailers, most recently Lulu, have announced that they are looking to expand retail operations to India. This is a sunshine opportunity that those signage companies dealing vastly with retail displays, such as POPs and others will get embarked upon new business, more or less, in such boost.
