It’s been ages now that I am not following televisions, magazines and even radio for that matter. To the world it may sound as if I was busy with my work or am preoccupied with something. But the truth that only I know is I am becoming lazy, lethargic and an obnoxious piece of matter. Well, all this was true until recently while surfing the Internet I came across this amazing piece of news. It says that consumer electronics through retail outlets are foraying into the market with a bang.
I could see it myself, when a retail shopping store opened up in our locality. They are mushrooming like anything I tell you!! For rest of the people that might be no news at all but for me it was a big thing. And why not, after all my family is into retailing business. People living in urban sections, particularly the metros could see some consumer electronic super stores near by. The day is not far when my Granny, living in
Far East could be seen shopping in a retail store. These retail shopping stores are expanding in a bigger way and can soon engulf our lives.I fail to understand what attract most of us to all these retails shops? Is it the wide possibility of choosing your favourite goods or is it the prices they manage to give because of their gargantuan scale. I guess it’s a bit of all these.Retail formats are targeting
consumer electronics because of their huge popularity among the buyers. All big brands from Wal-Mart, Office depot, to that of Staples have already branded themselves in the consumer’s mind. They are now trying to expand even to distant places. Adding another feather in the crown is that Alghanim Electronics, the largest consumer electronics retailer in
Kuwait and the
Middle East has started booking properties for a major launch. Same way Jumbo Electronics, the UAE based CE retail giant is also planning to expand further.The real challenge goes to all those conventional stores who have to eek in wide variety and leverage the potential buyers. The major part depends on the kind of relationship they have shared all these years. Also, it would take sometime for the retails to go in deeper roots so the convectional ones can relax for the time being.But from the consumers’ point of view, buying from the retail outlets is like buying products at discounted rates. For them it’s always a win case!!