Retail Industry overcoming the challenges?

A- 1.) Tie –ups with Professional Institutes to overcome the Problem of trained manpower

Retail Houses like Reliance Retail and Future group are most likely to ink a strategic partnership with NIFT. The partnership will provide Reliance Retail with trained pool of professionals, latest designs and access to NIFT research base.The MoU will be signed up by December 2006. The partnership will include industry sabbatical for NIFT faculty and scholarship for the students.

Recently, even Raymonds has inked a similar partnership with NIFT. NIFT plans to enter into partnerships with India’s leading Retailers to commercialise its recently launched fashion label.

Source : “ The Economic Times dated 16/1/2006

2.) Reduction of Commission paid to traders and middlemen and improving quality of products like vegetables

Reliance Fresh and Pantaloon have begun buying potato futures on MCX. MCX in turn charges a premium from cold......

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Title: Indian Retail Industry
Approximate Word Count: 3966
Approximate Pages: 16 (250 words per double-spaced page)

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