Pink slip Shopping


..considering the alround gloom in the environment , which the blog feels is primarily driven by the stock market crash ,maybe due to the fact that its ( indices ) the only indicator that you see reported daily ! god only knows where has the Indian growth story of 8% to 9 % gone suddenly , anyways coming back to the retail scene , the premium retailers are having a harrowing time for sure , with the fall in the traffic ,obviously with the rate of pink slips going up everywhere the last thing on ones mind would be Shopping , that too premium stuff .So with sell outs under pressure , sell ins is bound to be lesser so its going to bea tangle of inventory and payments between the retailers and suppliers .Retailers like others must be praying that time change for good soon .

But if there is a retailer format that would be enjoying the time then that would be the value retailers plus the essential item format ( of course one cant live without food and essentials ) so you walk in to a big bazaar , or a total , you will find that the rush continues ,customers are seeking Great value than ever before ( not that they were not seeking this earlier !) so what are the lessons for the premium retailers from these formats , obviously value , great service ,and never before perceived deals to the consumers ,
The times might not change soon , however waiting for it to do so without action could mean pink slip time among the retailers too ! watch this blog !

Comments

Anonymous said…
Dear Mr.Sharan,
Just to add , the premium brands have started feeling the pinch.The OTB's are blocked, staff strength is reduced and discount and offers round the month.
Fell atleast in India it is 30% actual crisis and 70% panic. However IT sector has slowed down their spending due to insecure job/notice.
Anonymous said…
hi
It seems to be a viscious cycle, less spending means more shutdowns and more layoff's which means lesser spending and this means more shutdowns...to get out of this cycle of recession we have to continue to put our money back into circulation and not let it just lie in teh banks
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