Quote:
Originally Posted by xcoolaryan
@ Retail, almost all retailers are in trouble expect Pantaloon (though it's not in bad condition but it isn't in gr8 condition either)
All these so called retail biggies made plan their grand plan on McKnisey Paper published somewhere 2004-05 which predicted very bright outlook by 2010-12 for Modern retail .. but none of that is happening ...
Do things twice before actually getting carried out by all the number of personnel projected by newspapers ... those fig are nothing but BS and put forwards by various institutes and corporates.
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Indeed xcoolaryan!
Those research that were carried out are old and doesn't show digestible facts that can be related with domestic players; forget about making projections for outsiders.
It appears to me that FDI regulation committee of India had bribed few research and consultancy firms to lure foreign retailers here
22,136 new outlets … Is it recession, Reliance Retail, Trent Westside, Shoppers Stop
Above is the link of an recent article by COO of real-estate cum retail group. Who still has doubt of retail being affected with all ongoing economical condition and his faith in third party research work on market. But his article doesn't proves his point from a 'student' point of view. Check it out.
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