Demise of Mom n Pop stores ?....Not yet...
The announcement by Reliance Retail on franchisee opportunities augurs well for Mom n Pop stores. Hindustan Lever's 'Super Value' concept has already paved way for Mom n Pop stores to refurbish themselves as 'Super Value' stores.
A recent study by KSA Technopak too confirms that Mom n Pop stores are not going to be relegated to history. On the other hand, the study concludes that ' in top towns (population above 1 million), within the next 10 years, the total population of retail outlets will actually substantially increase from the current estimate of about 0.68 million to 1.29 million.'
That is indeed heartening news.
A recent study by KSA Technopak too confirms that Mom n Pop stores are not going to be relegated to history. On the other hand, the study concludes that ' in top towns (population above 1 million), within the next 10 years, the total population of retail outlets will actually substantially increase from the current estimate of about 0.68 million to 1.29 million.'
That is indeed heartening news.
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