Major
retail chains like Reliance Fresh, Easyday, Star Bazzar and More have posted
double digit sales growth in the year 2012-2013. In the last two years, most of
the players were shutting up their shops, and these players increased sales by
focusing on efficient supply chain management and by closing down the non
performing stores. Top executives of these companies are attributed this to
efficiently reducing the operating losses and focusing on performance
management that resulted in improving the bottomline and topline growth.
Current situation is far better than
what it was two years back, and still one has to watch, how the Indian retail
sector is going to progress after Indian govt allowed FDI in retail sector.
Still Indian retail sector is swamped with problems like lack of skilled
persons, lack of efficient supply chain and lack of infrastructure.
