Comparative Report: Retail Industry Analysis in Australia and India

This report provides a comparative analysis of the retail industries in Australia and India. It begins with an introduction highlighting the increasing significance of the retail sector and its current challenges. The analysis section delves into the structure of the retail markets in both countries, including the number of outlets, employment figures, and market value. It then examines the potential size and profitability of these markets, discussing revenue trends and strategic initiatives. The report further explores the problems faced by the industries, such as customer loyalty issues, operational costs, and economic differences. It concludes by assessing the impact of cultural aspects on the retail sectors, considering factors like consumer behavior and preferences. The report uses several references to support its findings and offers insights into the dynamic nature of the retail industry in both Australia and India.

RETAIL MANAGEMENT

TABLE OF CONTENT
Introduction
3
Analysis
4-7
Structure of Retail Market
4
Potential Size and Profitability of the Retail Markets
6
Potential Problems Faced by the Industries
8
Impact of Cultural Aspects on the Retail Industries
10
Conclusion
12
References
13

INTRODUCTION
• The retail industries are increasing day by day due to public interest.
• Retail Industry is one of the vital pillar of countries economy.
• In present days, retail industries of different countries are facing
problems during operations.
• This particular study generally focused on the retail industry of
Australia and India.
• Comparison between the retail industries of these countries will help
to understand the overall positions.

ANALYSIS
• Australia has more than 140000 retail organizations in the
country.
• The number of transitional retail stores are higher than
online stores
• The online retail market of this country represents 6% of
total retail sales.
• More than 200000 people are working in Australian retail
Industry
• Total value of the retail industry in financial year 2010 was
$215 billion.
STRUCTURE OF RETAIL MARKET
STRUCTURE OF AUSTRALIAN RETAIL MARKET

ANALYSIS
• India has more than 14 million retail outlets in the country.
• More than 40 million people are directly or indirectly working in
this industry.
• 51% of this industry are controlled by the foreign retailers.
• Total value of this industry is about $600 billion.
• The growth of Indian retail market is higher due to excess demand.
STRUCTURE OF RETAIL MARKET
STRUCTURE OF INDIAN RETAIL MARKET

ANALYSIS
• The size of this industry is vast and the foods sectors
generally shows more growth.
• The number of product segment also higher in this country.
• The revenue of this industry reduced by 0.9% over the past
few years.
• Profitability of Australian retail industry also reduced in
compare to previous years.
• In financial year 2017-18 the revenue of this industry also
increased by 2.6%.
• Higher management of all the retail organizations are taking
different strategic movement to improve its position.
POTENTIAL SIZE AND PROFITABILITY OF THE
RETAIL MARKETS
SIZE AND PROFITABILITY OF AUSTRALIAN MARKET

• The size of Indian retail market is about $600 billion.
• Number of foreign direct investment is higher.
• Profitability of this market also increased in compare
to pervious years.
• Small groceries and open markets are more
preferable for Indian customers.
ANALYSIS
POTENTIAL SIZE AND PROFITABILITY OF THE
RETAIL MARKETS
SIZE AND PROFITABILITY OF INDIAN MARKET

POTENTIAL PROBLEMS FACED BY THE
INDUSTRIES
• Lack of proper customer loyalty
• Negative behavior of the customers
• High operational and labor cost
• Lack of proper market research and innovation
ANALYSIS
PROBLEM FACED BY AUSTRALIAN INDUSTRY

• Productivity is low in comparison to demand
• Difference in economic condition that mean different income
level
• Psychological changes due to urbanization
• Invest huge amounts without risk analysis
• Different trends of customers due to diverse culture and
religion.
ANALYSIS
POTENTIAL PROBLEMS FACED BY THE
INDUSTRIES
PROBLEM FACED BY INDIAN INDUSTRY

IMPACT OF CULTURAL ASPECTS ON THE RETAIL
INDUSTRIES
• The Australian culture is primarily a western culture
and that originated from Britain
• diversity of the culture has taken placed due to the
inputs of the aboriginal people
• The demand of high value and quality products
among the Australians has presented great
prospects for this sector
• The average affordability on non-essentials has
increased by 43%
• High standard of living laid the foundation of the
growth of the retail industry
ANALYSIS
IMPACT OF CULTURAL ASPECTS ON THE AUSTRALIAN
RETAIL INDUSTRY

IMPACT OF CULTURAL ASPECTS ON THE INDIAN RETAIL
INDUSTRY
• Majority of Indian people want to save their income
• Job opportunities and other economic flourish have also
improved the retail industry efficiently.
• The young generation of India have grown up in midst of
internet, television and that also improves trigger the sales
of online products.
• Indian customers also prefers the easy financing options
that influence the growth of the retail industry.
ANALYSIS
IMPACT OF CULTURAL ASPECTS ON THE RETAIL
INDUSTRIES

CONCLUSION
• The retail market of both countries provides high
opportunities and scopes to improves the overall
position of this industry further.
• It has been identified that both the countries
sell daily lifestyle and convenience products
through retail outlets.
• At the same time the rise of online shopping
also grab the attention of young generation so
that both the countries are implementing
different strategic innovations for overall
industrial development.

REFERENCES
Kwintessential, 2018. Guide To Australia - Etiquette, Customs, Culture &
Business. Local Culture [Online] Available at:
https://www.kwintessential.co.uk/resources/guides/guide-to-australia-
etiquette-customs-culture-business/ [Accessed on 20th September, 2018]
Santander, 2018. Reaching the Consumer. Analyze Market trends [Online]
Available at:
https://en.portal.santandertrade.com/analyse-markets/australia/reaching-
the-consumers [Accessed on 20th September, 2018]
Pham, V.V.H., Liu, X., Zheng, X., Fu, M., Deshpande, S.V., Xia, W., Zhou, R. and
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Grimmer, L., Miles, M.P., Byrom, J. and Grimmer, M., 2017. The impact of
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Preston, A., 2018. The structure and determinants of wage relativities:
evidence from Australia. Routledge.