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Retailing in India. Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1] [2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3] [4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5] [6]
48,793 contractual (2023) [3] Website. www .dmartindia .com. Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets in India. [4] It was founded by Radhakishan Damani in 2002 when its first store was opened in Powai, Mumbai. [5] [6] As of March 2024, it has 365 stores across 12 states and ...
Future Group is an Indian conglomerate, founded by Kishore Biyani [1] and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle ...
Reliance Retail. Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. [5] Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs.
Smart Bazaar, formerly Big Bazaar, is an Indian retail chain of hypermarkets, discount department stores, and grocery stores. The retail chain was founded by Kishore Biyani under his parent organisation Future Group, [3] which is known for having a significant prominence in Indian retail and fashion sectors. Big Bazaar is also the parent chain ...
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every month.
With its eyes on India's retail market, Flipkart acquired Letsbuy, an online electronics retailer, in 2012, and Myntra, an online fashion retailer, for US$280 million in May 2014. Myntra continues to operate alongside Flipkart as a standalone subsidiary focusing on separate market segments.
The city's retail industry is concentrated chiefly in T. Nagar, which is by far the largest shopping district of India, generating more than twice the revenue of Connaught Place in New Delhi or Linking Road in Mumbai, even by conservative estimates. Rathna Stores is one of Chennai's most famous departmental store, located at Pondy Bazaar.