Pakistan retail market has always capacity to expand. Innovation always has important role in the market. Some categories of business get culmination for short then fall down and become stagnant. As the property sale purchase business remain attractive during 2008-2009 only. And some categories of business are enjoying their ascendant but the direction of progress is not correct.
They are progressing in wrong direction that is way only a few brands have captured the market. For example fashion industry. On the other hand, manufacturing industry is badly affected in Pakistan. Some businesses are at wind up like whole sale commodity business. Even under these circumstances the grocery stores has aggrandize during past 4 or 5 years. About 55% of urban population prefer to purchase from these grocery stores (Departmental Stores, Cash & Carry). Increasing busyness of each individual, lack of time, traffic rush, easy availability of daily consumable item at these stores, availability of standard items at competitive prices, sale and desire of improvement of life style are major reasons for development of these stores. These factors forces every individual towards big grocery stores (Departmental Store, Cash And Carry). A question is that if this business is so much profitable then why some stores wind up after short business in the market.
The answer to this question is that mismanagement, over purchasing, excess of non running items, purchase of short expiry items, are the major reasons of the failure of these stores. If any store management can overcome these drawbacks then success will be his fortune.
These factors forces every individual towards big grocery stores (Departmental Store, Cash And Carry). A question is that if this business is so much profitable then why some stores wind up after short business in the market.
The answer to this question is that mismanagement, over purchasing, excess of non running items, purchase of short expiry items, are the major reasons of the failures of these stores. If any store management can overcome these drawbacks then success will be his fortune.
