{"id":1788,"date":"2008-09-12T18:55:01","date_gmt":"2008-09-12T13:25:01","guid":{"rendered":"http:\/\/thirdeyesight.in\/blog\/?p=110"},"modified":"2022-11-09T05:23:22","modified_gmt":"2022-11-09T05:23:22","slug":"if-you-are-in-the-retail-sector-take-a-deep-breath","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/","title":{"rendered":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026"},"content":{"rendered":"<p style=\"text-align: justify;\">You can probably tell that\u00a0I&#8217;ve held the view for some time now that the retail sector needs to pause for breath, and evaluate its growth strategies on some very fundamental parameters. (&#8220;Disclaimer&#8221;: Having invested 2 decades in the retail sector, I have an inbuilt bias towards the entrepreneurial and organic nature of retail, which is probably evident!)<\/p>\n<p style=\"text-align: justify;\">As I was recently writing an article with the theme of &#8220;realism&#8221;\u00a0echoing strongly, I came across this statement by Kishore Biyani of Future Group on 27 August: &#8220;I was an eternal optimist; now I have become a realist.&#8221; (<a title=\"Bringing Back Retail Realism\" href=\"http:\/\/www.livemint.com\/2008\/08\/27002851\/Bringing-back-retail-realism.html?h=B\" target=\"_blank\" rel=\"noopener\">Bringing Back Retail Realism<\/a>, from MINT).<\/p>\n<p style=\"text-align: justify;\">Now, with the India Retail Forum coming up next week, it&#8217;s interesting to read a mailer from the Retailers Association of India, with this wonderful quote from B. S. Nagesh, of Shopper&#8217;s Stop: &#8220;We have opened store after store and are in the process of opening many more &#8211; 100 &#8230; 500 &#8230; 1,000 &#8230; 5,000 and may be many more. Let us pause for a while for a reality check &#8230; Are our customers happy? Are our employees happy? Are our vendors happy? Are our stakeholders happy? Are we happy? \u2026. The answer for all these questions ought to be &#8216;YES&#8217; but in reality it is &#8216;NO&#8217; for some. Where we have gone wrong? What do we have to do?&#8230; It&#8217;s time to share, reveal, reconcile and find ways to amend &#8230; And to open up, debate, consolidate and collaborate thoughts before we take the next step.&#8221;<\/p>\n<p style=\"text-align: justify;\">I think we may finally get things back on track, with two of the most prominent leaders of the business asking the sector to reconsider and review.<\/p>\n<p style=\"text-align: justify;\">When I wrote an article titled &#8220;The Myth and Reality of the Retail Revolution&#8221; 2-years ago (in August 2006), some friends looked at the title and said I was being pessimistic.\u00a0I disagreed, and said that I was being realistic, especially since I ended it by saying that the real retail boom had not yet happened, and we had only scratched the surface. Organic growth will get us there &#8211; crash and burn won&#8217;t. (To judge for yourself open that article as a PDF &#8211; <a title=\"Myth and Reality of the Retail Revotion\" href=\"https:\/\/www.thirdeyesight.in\/myth-and-reality-of-the-retail-revolution\/\" target=\"_blank\" rel=\"noopener\">click here<\/a>.)<\/p>\n<p style=\"text-align: justify;\">What do you think?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I believe that the retail sector needs to pause for breath, and evaluate its growth strategies on some very fundamental parameters. I think we may finally get things back on track, with two of the most prominent leaders of the business &#8211; Kishore Biyani of Future Group, and B. S. Nagesh of Shopper&#8217;s Stop &#8211; asking the sector to reconsider and review.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[60,43,46,1],"tags":[59,69,166,195,121,70,71,65,202,203,124],"class_list":["post-1788","post","type-post","status-publish","format-standard","hentry","category-india","category-retail","category-strategy","category-uncategorized","tag-india","tag-indian-retail-sector","tag-modern-retail","tag-modern-retailing","tag-organic-growth","tag-organised-retail","tag-organized-retail","tag-retail","tag-retail-boom","tag-retail-productivity","tag-strategy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"I believe that the retail sector needs to pause for breath, and evaluate its growth strategies on some very fundamental parameters. I think we may finally get things back on track, with two of the most prominent leaders of the business - Kishore Biyani of Future Group, and B. S. Nagesh of Shopper&#039;s Stop - asking the sector to reconsider and review.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/\" \/>\n<meta property=\"og:site_name\" content=\"Third Eyesight\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/thirdeyesight\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-12T13:25:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-09T05:23:22+00:00\" \/>\n<meta name=\"author\" content=\"Devangshu Dutta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thirdeyesight\" \/>\n<meta name=\"twitter:site\" content=\"@thirdeyesight\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/\"},\"author\":{\"name\":\"Devangshu Dutta\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/3387e3e154639976110997bbfd794504\"},\"headline\":\"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026\",\"datePublished\":\"2008-09-12T13:25:01+00:00\",\"dateModified\":\"2022-11-09T05:23:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/\"},\"wordCount\":372,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"keywords\":[\"India\",\"Indian retail sector\",\"modern retail\",\"modern retailing\",\"organic growth\",\"organised retail\",\"organized retail\",\"Retail\",\"retail boom\",\"retail productivity\",\"Strategy\"],\"articleSection\":[\"India\",\"Retail\",\"Strategy\",\"Uncategorized\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/\",\"name\":\"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\"},\"datePublished\":\"2008-09-12T13:25:01+00:00\",\"dateModified\":\"2022-11-09T05:23:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/if-you-are-in-the-retail-sector-take-a-deep-breath\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"name\":\"Third Eyesight\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\",\"name\":\"Third Eyesight\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"contentUrl\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"width\":300,\"height\":168,\"caption\":\"Third Eyesight\"},\"image\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/thirdeyesight\",\"https:\\\/\\\/x.com\\\/thirdeyesight\",\"https:\\\/\\\/linkedin.com\\\/company\\\/third-eyesight\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/3387e3e154639976110997bbfd794504\",\"name\":\"Devangshu Dutta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g\",\"caption\":\"Devangshu Dutta\"},\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/author\\\/devangshu-dutta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight","robots":{"index,follow":"index,follow"},"canonical":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/","og_locale":"en_GB","og_type":"article","og_title":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight","og_description":"I believe that the retail sector needs to pause for breath, and evaluate its growth strategies on some very fundamental parameters. I think we may finally get things back on track, with two of the most prominent leaders of the business - Kishore Biyani of Future Group, and B. S. Nagesh of Shopper's Stop - asking the sector to reconsider and review.","og_url":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/","og_site_name":"Third Eyesight","article_publisher":"https:\/\/facebook.com\/thirdeyesight","article_published_time":"2008-09-12T13:25:01+00:00","article_modified_time":"2022-11-09T05:23:22+00:00","author":"Devangshu Dutta","twitter_card":"summary_large_image","twitter_creator":"@thirdeyesight","twitter_site":"@thirdeyesight","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/#article","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/"},"author":{"name":"Devangshu Dutta","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/3387e3e154639976110997bbfd794504"},"headline":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026","datePublished":"2008-09-12T13:25:01+00:00","dateModified":"2022-11-09T05:23:22+00:00","mainEntityOfPage":{"@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/"},"wordCount":372,"commentCount":0,"publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"keywords":["India","Indian retail sector","modern retail","modern retailing","organic growth","organised retail","organized retail","Retail","retail boom","retail productivity","Strategy"],"articleSection":["India","Retail","Strategy","Uncategorized"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/","url":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/","name":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026 - Third Eyesight","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/#website"},"datePublished":"2008-09-12T13:25:01+00:00","dateModified":"2022-11-09T05:23:22+00:00","breadcrumb":{"@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/myechoproject.com\/TES\/if-you-are-in-the-retail-sector-take-a-deep-breath\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myechoproject.com\/TES\/"},{"@type":"ListItem","position":2,"name":"If you are in the retail sector, \u201ctake a deep breath\u201d\u2026"}]},{"@type":"WebSite","@id":"https:\/\/myechoproject.com\/TES\/#website","url":"https:\/\/myechoproject.com\/TES\/","name":"Third Eyesight","description":"","publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myechoproject.com\/TES\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/myechoproject.com\/TES\/#organization","name":"Third Eyesight","url":"https:\/\/myechoproject.com\/TES\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/","url":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","contentUrl":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","width":300,"height":168,"caption":"Third Eyesight"},"image":{"@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/thirdeyesight","https:\/\/x.com\/thirdeyesight","https:\/\/linkedin.com\/company\/third-eyesight"]},{"@type":"Person","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/3387e3e154639976110997bbfd794504","name":"Devangshu Dutta","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/012a87c79e0d264831754a4697b08591c94bae8759680eb7df12848f2f042243?s=96&d=mm&r=g","caption":"Devangshu Dutta"},"url":"https:\/\/myechoproject.com\/TES\/author\/devangshu-dutta\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/1788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/comments?post=1788"}],"version-history":[{"count":2,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/1788\/revisions"}],"predecessor-version":[{"id":5271,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/1788\/revisions\/5271"}],"wp:attachment":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/media?parent=1788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/categories?post=1788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/tags?post=1788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}