Sunday, May 22, 2011

Modern retail makes a big splash

Hindustan UnileverI

As per a recent report in Times of India Modern retail has doubled its share to 10% of the Indian retail landscape in just three years. Its contribution has gone up from 5% in 2007 to 10% in 2010, according to internal estimates by the country's largest consumer products company, Hindustan Unilever (HUL). While this reduces the general trade pie to 90%, experts said general trade would continue to remain large.

In a presentation of investors, HUL said modern trade's presence in major cities like Hyderabad, Gurgaon,Bangalore and Chennai, is even higher, at an average of approximately 30% of the total retail pie. This, said marketers, is a pointer to a change in consumption pattern.

Read the full report here;

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