Retail Management: A Comparative Study of Australia and India

Retail
management

Retail management 1
Executive summary
The retail management is a procedure which assists clienteles to attain wanted
merchandise from the retail stores. It comprises all the phases obligatory to fetch
customers into the stores along with fulfilling their purchasing needs. This report
differentiates the retailing of Australia from India. It was made possible by
differentiating in the structure of the retail market in Australia and India. The report
evaluates the potential size and profitability of the retail industry in both countries.
Further the potential problems have been analyzed the problems being faced in retail
industry of both countries. Finally, the cultural aspects have been deliberated
impacting retailing in both countries.
Finally, in the end, it can be concluded that both the nations share several issues
which can be coped for the attainment better results.

Retail management 2
Contents
Executive summary......................................................................................................1
Introduction and background information on Retailing Systems in both nations.........2
Differences in the structure of the retail market in both countries................................2
Assessment of potential size and profitability of retail industry in both countries........3
Analysis of potential problems faced in retail industry of both countries.....................5
Consideration of the cultural aspects impacting retailing in both countries.................6
Conclusion and recommendations...............................................................................8
References...................................................................................................................9

Retail management 3
Introduction and background information on Retailing Systems in both nations
Retailing states to the set of activities conducted in selling goods and services
directly to the final users. The retailing is the final activity performed in the chain of
product distribution. The retailing takes place through several channels with the aim
of earning a profit. The retailers provide service and cater to the several needs of the
final users with the aim of satisfying demands through the supply chains. The
retailers are likely to make several strategic decisions to make sure that the product
range is ready to appeal attention of the customers. The retail mix is formulated
accordingly to ensure that the overall positioning of the store is effective and the
demands of the customers are met. In the digital scenario, both physical stores and
online retailing rule and are apparent worldwide. This report defines the retailing
scenario of Australia and India along with the working of the retail industry. The
difference between retailing of Australia and India has been defined in detail.
Differences in the structure of the retail market in both countries
The retail market in Australia has witnessed a positive growth regardless of the
substantial low upsurge in wages and increasing domestic debt. The strong growth
in the Australian retail market has registered by the housing market assisted by low-
interest rates and increase in the household credit. It has impacted the pattern of
customer spending. The retail market in Australia rely more on the troublesome
forces like changing patterns of the customer spending and invasion of multinational
businesses which focus on articulating novel methods in retailing. The arrival of the
multinational companies has changed the retail landscape along with customer
preferences. There is substantial shift in the customer preferences majorly due to
advancement in the technology. The retail market of Australia comprises grocery,
supermarket and online retailing (Chhetri, et al. 2017). Two big retailing companies
in Australia are large enough to be the globe’s largest retailers. The online retailing in
Australia is growing on a consistent basis. The structure of retail market in Australia
is structured in the form of hypermarkets and supermarkets, specialty stores,
department stores, and other distribution channels. Supermarkets and grocery stores
are ferociously modest and highly focused. The supermarket and grocery industry is
extremely focused and accounted for 80% of the total industry proceeds. ALDI has