Friday, March 02, 2007

Domestic retailers differentiate themselves from Wal-Mart, Tesco

With the recent media attention as well as the Prime Minister's Office asking for a study on the impact of larger retailers, regardless of their country of origin is making some of the larger Indian retail chains to differentiate themselves from global chains such as Wal-Mart or Tesco. Kishore Biyani, MD of the Future Group, emphasized that domestic retailers cannot be compared to international retail chains just yet and that the comparison was not apt. He added that, “The implication needs to be understood in the long term. In terms of size, Wal-Mart is bigger than the total consumption in India. Operating at this scale, puts the company in such a commanding position, that it can even manipulate consumption patterns, something which is obviously not in the best interest of India.”

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