With the coming of hypermarkets, mega mart, super markets, things in the retail sector has drastically taken new turns. Today the way retail has progressed and grown is much to learn as well as inspire from. Over the years one used to hear only about the giant in the retail sector the Wal-Mart, but over the years many new hyper markets have come and also are doing brisk business.
Retail sector has over time has created millions of job opportunity and is till date a force to reckon with. The retail sector has reinvented how the daily needs should be organized into one full entity. In the recent past the boom in the retail sector has also griped the developing countries like India and China. The hyper markets were new to them and they were one who is hugely responsible for the success of the retail sector in the developing country. Toady much of the profits come from the developing nations. The retail sector has done all good by making new avenues for the jobs; they have revolutionized the way people used to perceive the things. No one can dispute this fact that in the developing countries the organized retail is below 5%. There is a huge demand to increase the percentage. Government in the developing countries has also taken much of the initiative in this direction. This is the reason why it is the most sought after sector which is providing jobs for not only for the fresher’s but also to the professionals.
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