Blog: Visitors to WRC - a sign of the times?
Dean Best | 6 May 2009
The World Retail Congress certainly seems quieter this year.
Official figures for the number of delegates have yet to be announced but the impression is that there seems to be less people around this year.
A sign of the economic times we find ourselves in, perhaps?
Maybe, the next two days will be busier. Nevertheless, already today, we've had the usual optimistic tones about the potential of India's retail sector, despite the global downturn meaning GDP growth will be lower this year.
However, one executive from Reliance Retail gave an insightful commentary on the challenges he sees for retailers operating in India, not least for food retailers competing against smaller "mom-and-pop" outlets, which make up the majority of the country's fragmented retail sector.
Food for thought indeed. It will be interesting to hear later on just how much optimism there is about the "new" emerging retail markets.
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