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INDIAN RETAIL
CONGRESS 2012
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With 100 million internet users al supporting the e-revolution, the tot to number of transactions in India is set n llio take a leap from the present 8-10 mi to 40 million by 2015.
Everyone is craving for an eShare these days; the corporates are looking at the online market to multiply their presence, the existing small business players want to innovate their business by getting online and the startups are jumping towards the low risk opportunities of the virtual space. The ePie surely has an opportune slice for all
The last decade of retail was dominated by the entry of chain stores in India with both Indian and international brands vying the Indian consumer. While these brands have been working on aggressively building their presence across the width of the country, yet Indian consumers were lured by shopping in international destinations or had to reach out to metros or tier I to purchase popular brands or products. In this decade, the retailing divide already started to narrow down and the Indian consumer too, like his global counterpart, is increasingly shopping online. The opportunity is immense and today retailers, many of whom once adopted a wait-and-see attitude, can no longer ignore the Internet. Merely having a retail website is not enough and retailers need to reconsider who their customers are and how they behave in this digital century. With 100 million internet users supporting the e-revolution, the total number of transactions in India is set to take a leap from the present 8-10 million to
40 million by 2015. Easy access to the Internet has also played an important role in the growth of the market. Changing lifestyles of the Indian youth and their exposure to the developed markets, coupled with the soaring real estate costs in India, have certainly inspired many an online e-retail venture. The online retail industry is evolving to create a bright commercial ecosystem already touching the $ 11.2 billion mark, moving up by 30 per cent from last years $ 8 billion. The upsurge in the eRetail industry is impressive. Travel portals today account for over one third of the total domestic flight ticket bookings. The scope is wide. An average e-shoppers list includes leisure, books, apparel, jewellery and accessories showcasing that the digital revolution is geared to take on the retail space. I welcome you all aboard. Be a part of this eRevolution that will change business, by changing the way we buy and sell.
Gaurav Marya,
President, Franchise India
eRETAIL ECONOMICS
The much anticipated paradigm shift
The current size of the e-commerce market in India is about $ 11.2 billion. There are about 360 e-commerce portals offering services in India. The numbers of sites have now tripled from about 120 in 2010. The industry is ridding on a growth wave with around 30-35 per cent growth. Every day, we get to hear about an ecommerce sites coming up. But its not the same gold rush now as was the case in 1999 or 2000, this time, the fundamentals are much stronger; ecommerce is for real its lot more sustainable now and here to stay. eRetail and e-commerce in India have all branched out from the dotcom story that took roots around two decades ago in the Indian business ecosystem. The online companies that were just aggregating useful information for the consumer have moved to create their own product offering. eRetail today stands as a mode to fulfill purchase demand. The added convenience and growing credibility is sure to shape a new economic subsystem, where the demand connects to supply and renders growth to the industry.
Trend Watch
optic network as part of its National Broadband Plan, which will provide a further fillip to the growth of Internet usage in the country. It is expected that the number of unique Internet users in India will grow five times to reach 376 million by 2015. This growth of the online retail market is bound to have direct implications on the standing of the organised retail players. The first effect is seen on the price sensitivity created with the involvement of the internet as a selling mode. The internet becomes the standard for competition, it works to reduce the consumers cost of accruing information about products & prices- thus making it difficult to sell overpriced goods. The second economic paradigm shift led towards the growth of offline larger firms and smaller online businesses. The ones that suffered were those who had neither scale nor ability to innovate technology (going virtual to penetrate market better). The third trend is over all growth of the industry- through the consumer got price and convenience sensitive the market share has only grown.
46000
19688
8146
Year 2007 Year 2009 Year 2011
Around
85%
non-store transactions constitute of e-commerce transactions.
crore to be invested by GOI in building national fiber optic network under National Broadband Plan.
` 20,000
376
million unique internet users by 2015.
display and bundling Merchandising is all about product ich looks salable. wh them together to create a solution
eRETAIL ECOSYSTEM
Working to create a strong network of merchandising, sourcing, payment modes & delivery techniques
The eRetail ecosystem is a combination of connecting with the consumers, managing regulatory setup, creating trustworthy and credible payment modules, and last but not the least delivering the promised proposition. This would require getting deep into the working of the eRetail ecosystem that consists of these stakeholders. The primary requirement of an online business is to manage its orders well. They are required to keep a tab on the inventory levels, reduce pilferage, deliver via swift distribution channels, and most importantly sourcing from the right vendors. But even here the largest costs are incurred by the inventory or stocks held, as it directly impacts the supply chain and warehouse levels. The best way to analyze the optimum inventory level is understand the consumers demand which is backed by detailed market research. Further merchandising is all about product display and bundling them together to create a solution which looks salable. Consumers are always looking for ways to make their shopping more convenient and enjoyable. Applying some traditional merchandising techniques to online shopping helps consumers become more comfortable shopping at a Web site, which increases revenue and long-term loyalty. The delivery infrastructure includes the entire set of supply chain services storage, warehousing, bulk transportation and courier services. Specialised large scale provider of end to end supply chain solutions have been the backbone of successful e-commerce activities in developed countries.
Trend Watch
Supply Chain Warehousing and Transportation Broadband and Networking
{
BUSINESS
Products/ Services
DELIVERY INFRASTRUCTURE
CONECTIVITY INFRASTRUCTURE
{
CONSUMER
CONSUMER
Demand Ability to Pay
TRANSACTION
REGULATORY INFRASTRUCTURE
PAYMENTS INFRASTRUCTURE
3,296
cities in India have access to eRetail portals and deliverables. Merchandising design has direct implication on instinctive purchases.
Indian consumer is maturing and not shying away from online shopping
With information about most products readily available, most online purchase decisions are being made quickly and across different transaction mediums
BUSINESS MODELS
Shopping on the virtual medium is tipping off to other transaction mediums as well, with m-commerce being the trend and teleshopping coming back in vogue
Trend Watch
Internet usage on mobile phones is growing at a scorching pace, giving rise to predictions that mobile internet usage will soon overtake desktop computers. We are witnessing a second innings of ecommerce in India, and there is also a quiet revolution taking place. The Indian consumer has matured and is no longer hesitant of shopping online. Till now PCs and laptops were used for browsing and looking for the best deals. But with information about most products readily available, most online purchase decisions are made quickly. What this means is that you dont really need a 17-inch screen to complete an online purchase; you can do it on your mobile phone app. Most ecommerce are companies have either launched or are working on their apps. 2012 will see e-commerce shift to the mobile phone. According to the research, Internet is a preferred medium compared to television for youngsters in India. 56 per cent of them spend more than two hours on the internet during the weekday as against just 44 per cent of them spending even more than one hour watching television. The engagement with internet further increases on weekends with 69 per cent youngsters spending more than two hours as compared to 35 per cent spending more than three hours watching television.
85%
10% 2%
E-COMMERCE DIRECT SELLING TELESHOPPING
3%
OTHERS
youngsters than two 56% on internet spend moreweek days.hours during the Online purchases moving to mobile with access to product details and payment processes.
44%
youngsters spend more than one hour watching TV.
Around
Trend Watch
online users in India visited 60%site in November 2011. a retail The number of active online shoppers is projected to reach 38 million by 2015
33% 49%
online consumer is young male population ranging between 21 and 29 years.
18%
consumers buying discounted luxury products online were over the age of 45 years. Tier-II & Tier-III online consumers are aspiration driven
Fashion & Lifestyle India ranks third across the globe in terms of online shopping and approximately a third of Indians make online purchases from websites which offer them a diversity of brands, designers and stores to choose from. This sector has also seen a rise by almost 100 per cent in the last one
TOP RETAIL CATEGORIES (in crores: by visitors) Nov 10 Total Internet audience Retail Coupons CDIT Gifts, households & books Fashion & Lifestyle 41169 23021 1048 11413 6296 3310 Nov 11 46390 27171 7647 12830 6783 6743 % Change 13 18 629 12 8 103
IN-BUSINESS RESOURCES
Technology to enable and marketing to fuel the eRetail growth revolution
Trend Watch
eRetail is akin to any business model, which, beyond a healthy market scenario, seeks for inbound resources that will catapult its structure on the high growth track. Technology is one such enabler for the online business venture. eRetail renders its major support from its infrastructure resting on technology. Technology has invaded all areas of eRetailing; the quintessential support system needs to include customer relationship management software to create a wider base of customer knowledge. RFID tags are important to track product movement; scanners, kiosks, self-serve checkouts form integral part of point-of-purchase engagements. Further enhancing the online shopping experience are web technologies like online shopping carts, purchase recommendations and reviews that add the real time shopping experience to the online exercise. The retail sector is a fast growing adopter of technology in India, another important in-house facilitator for eRetail growth is marketing. Just like any other business, the eRetail ventures also need
promotional support to attract the customer base. In November 2011, 27.2 million online users in India, aged 15 and older, accessed the retail category from a home or work computer, an increase of 18 per cent from the previous year, as consumers continue to turn to the web to shop for and purchase items and retailers continue to increase their online visibility through active marketing campaigns. Technology retail is another growth area. Companies are on a lookout for customer focused solutions for consumer insights/analytics, multichannel integration, social media and personalisation may also become important. Digital platform development, as more Indian consumers begin to buy online, is another growth area. The next paradigm shift that can be seen coming over is the integration of technology and marketing to provide customer centric solution via eRetail model.
$ 500
0.75-1%
per cent of its sales is invested in IT by the retail industry.
2%
per cent of sales is global average IT spend.
GROWING BEYOND
Online retail business model is highly scalable and conducive for equity investment
eRetail and e-commerce ventures are enjoying the growth wave. Reason behind the scalability of the business model is governed by low startup cost and wider customer base. Private equity investments in the online and ecommerce ventures have gone up by 147 per cent during the last one year. Industry experts opine that the growth trends of the online industry are on a much stronger footing than they were during the dot-com bubble a decade ago. The eRetail industry is built on the fundamentals of consumer base, convenience, innovative solutions and deeper market penetration. Another growth trend that brings out the excitement around the industry is the advent of equity at the incubation stage and even earlier for online retail companies. The reason being that private equity firms do not want to miss on a growth opportunity. An investors backing out at a very early stage helps limit competition from rivals. A lot of funds are chasing few quality companies and to reduce risks related to execution of the businesses are inducting managers with experience in e-commerce ventures. Early investment also helps pre-empt the steep rise in valuation expectations as the e-commerce firms grow. For the second and third round of investments, valuations become high ranging- around $ 100 million and $ 200 million. The positives which are peeping from the horizon talk big about some companies getting acquired by global firms wanting to enter India. Another trend that will govern the coming decade also will see online ventures going public in 4-5 years of starting up.
Trend Watch
`420 Crore
($93 million)
In 20 online entities
147%
increase in PE investment in last one year
$ 30
million required to set up e-commerce ventures Major PE investments in social e-commerce ventures
77
million internet users
100%
month-on-month growth in most cases
Mobile commerce comes forward as the most upbeat sector for investors in the near future
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INDIAN RETAIL12 0
CONGRESS 2
12 HOTE FEBRUARY 20-21, 20
L CLARIDGES, SURA
JKUND, DELHI
The economic environment, as well as the continued growth in broadband, has meant that the Internet has become an important and cost-effective resource for driving revenue for retailers today. This is a golden time for all retail consumer service categories to build or enhance their web presence. The two-day conference is aimed at creating a thought leadership that will lead eRetail revolution in India. The premier forum helps you in capitalising on the trends ahead as the conference is set with an aim to create an active dialogue amongst industry experts that will help structure holistic solutions for the everyday roadblocks and challenges faced by the online business community. The sessions are build to cover a wide range of topics affecting the industry, involving both panel discussions between industry veterans and elaborate key note sessions detailing the successful case studies directly from the true innovators of the online community, followed by one to one interactions. The two day agenda is spaced out to create networking opportunities and around round table discussions that will come up with innovative solutions for the e Retail industry. Keep up to date with the future direction of online retailing in India with Take away key strategies for: Implementing a unified cross-channel, multi-touch point, multi-interaction selling solution Expanding on and improving your website offering Boosting customer satisfaction and loyalty through customer experience improvement
KEY TAKEAWAYS
The two day conference will bring together key policy makers, retail professionals, corporate, vendors & suppliers at both national and international level for deliberations and interactions that would lead to share learning and knowledge, draw attention to best practices and promote innovation to capture consumer interest in the eRetail segment Overview of the eRetail industry: eRetail economics Building customer trust in the online medium Detailing prospective funding for online ventures Risk management analysis for online shopping portal Technological interface for greater market penetration Using innovative business models for better ROI Business dynamics behind deals and discount sites Branding & marketing differentiator for online market Sourcing and merchandising dynamics Building a well networked distribution channel Understanding consumption trends via market research Choosing the best payment mode for online transactions Knowing about the various eRetailing formats Detailed category analysis to interpret growth and scope of various industries to understand future market trends
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ARIDGES, SURAJKUN
D, DELHI
AWARDS CATEGORY
These are for the category leaders who enjoy the largest market share within their category and are also leading innovation for the growth of their respective market category.
eRetailer of the Year Value for Deals Health & Beauty eRetailer of the Year
eRetailer specialising in Health, Beauty and Pharma products and services eRetailer who gives best deals for brands and non-branded products and services of any category
eRetailer advertising campaign of the year Home & Lifestyle eRetailer of the Year
eRetailer specialising in hard and soft furnishings and accessories for home Best advertising campaign for eRetail promotion
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Option 1: Cheque / Demand Draft drawn in favour of Franchise India Holdings Ltd payable at par and to be sent to 4th & 5th Floor, Charmwood Plaza, Eros Garden, Charmwood Village, Surajkund Road, Faridabad - 121009 Option 2: Wire transfer For account details, please contact the above. Option 3: Online payment www.franchiseindia.com/payment-gateway.php
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The expo will be a showcase & branding opportunity for your product or services operating in the virtual space, connecting with suppliers and retail allied industries.
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Franchise India Holdings Limited is Asia's leading integrated Franchise consulting company since 1999 with an absolute authority on Franchising, Licensing, Retailing, Small Business and Real Estate. We have helped hundreds of investors in selecting the right opportunity and in turn assisted various organizations in international & domestic franchise expansions & business development. With its strategically formed divisions, FIHL has created its own niche as the pioneers of franchise industry and a small business authority.
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