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India is the world’s fifth-largest destination in terms of retail. With a thriving start-up culture and new businesses coming in, the Indian retail industry has become one of the most dynamic and fast-paced industries. It generates more than 10% of the country’s GDP and employs about 8% of the workforce.

Recently, Reliance Retail Ventures Ltd (RRVL), through its wholly-owned subsidiary, 7-India Convenience Retail Ltd, announced it has entered into a master franchise agreement with 7-Eleven, Inc., (SEI) the American retail major, for the introduction of 7-Eleven convenience stores in India.

A convenience store is a store that stays open late and has a small selection of domestic products and groceries in order to serve the immediate neighbourhood.

On Saturday, October 9, the first 7-Eleven store will open in Andheri East, Mumbai. Reliance Retail said in a statement that this will be followed by a rapid deployment in important neighbourhoods and commercial districts across the Greater Mumbai cluster, to begin with.

Here’s a look at few retail players in India

D-Mart

Avenue Supermarts Limited, established in India, is the owner and operator of DMart outlets. DMart is a supermarket chain that combines a variety of home and personal products into one convenient location. Food, toiletries, beauty products, clothes, kitchenware, bed and bath linen, home appliances, and other household items are all available at DMart stores. Bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kid’s apparel, ladies’ garments, apparel for men, home and personal care, daily essentials, grocery and staples, and DMart private label brands are among the company’s product categories.

Big Bazaar

Future Retail Limited (FRL) is a corporation founded in India that sells a variety of domestic and consumer goods through departmental store facilities in a variety of forms. The business of multi-brand retail commerce is the company’s primary focus. There are roughly 20 compact hypermarket easyday outlets and over 210 supermarket easyday stores available to the organisation. Value business and home business are the two most common retail models. Big Bazaar, a hypermarket; Food Bazaar, a supermarket; FBB, a fashion destination; Food Hall, a supermarket; and Easyday convenient stores are all part of the company’s value business.

Shoppers Stop

Shoppers Stop Limited operates department stores that sell a variety of domestic and consumer goods. It sells both clothes and non-apparel items. Cosmetics, personal accessories and leather goods, home furnishings, electronics, literature, and music are among the non-apparel categories. The company sells international and national brands of men’s, women’s, and children’s apparel, gifts, and fashion accessories such as ladies watches, men’s watches, artificial jewellery, fine jewellery, handbags, fragrances, men’s and women’s footwear, and home furnishing and decor products through its website, Shoppersstop.com.

(Source: IBEF)