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India mixed retailers market forecast to increase by 6% CAGR during 2014 to 2019

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PR-Inside.com: 2014-04-30 03:39:02
Department stores remained the only mixed retailers format present in India at the end of the review period. Other mixed retailers categories such as mass merchandisers, variety stores and warehouse clubs remained a marginal presence in retailing in India. Department stores increased in current value by 11% during 2013 as rising annual disposable income levels led Indian consumers to spend more on apparel, footwear and personal accessories, especially bags and luggage, among others.

Lifestyle International was the leading player in 2013. The company had a market share of 19.4%, was almost the same as the of the following market leader, Shopper´s Stop Ltd. Both the retailers continued to dominate majority of the market with their wide variety of brands at various price points with departments including apparel and footwear, childrenswear and toys, furniture and home furnishings and beauty and personal care.

Mixed retailers in India is expected to increase in constant value at a CAGR of 6% over the forecast period. This is set to be a faster rate of growth than the 4% constant value CAGR recorded over the review period. The growth expected in mixed retailers over the forecast period is expected to be derived mainly from rising demand for products such as consumer electronics, consumer appliances, homewares and home furnishings, among others, which are most likely to be added to the merchandise of the country´s leading mixed retailers. Shopper´s Stop, for instance, had already begun to offer consumer electronics through its internet retailing arm at the end of the review period and this is almost certain to be extended to the company´s store-based retail outlets as well during the forecast period.

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