Are retailers looting common man????

After all retailers are also businessmen. They need to earn profits out of their business, the model of which might vary from retailer to retailer. Pricing is subjective depending upon quality,convenience,location, amenities provided etc. It should be our choice to choose a economical retailer than a costlier one.

Dear Anita,

Try to understand the self employed retailer are the biggest population after the people who are salaried, Situation for retailer is very competetive and they are nor rich man, if you abolish the small retailers from Indian economy , the unemployed rate will jump. That will be a disastrous for the economy, We should cut the middle man (THE DALALS) who realy increase the cost of a product , with forward trading men and blackmarketeers. The retailers do escess in some situations but that can be tackled as grassroot level. I agree with Shailena

Well said ujval. Nothing more to add here.

I support Shailena on this because "retailers are looting common man" is a blanket statement against them. We all say they should keep a reasonable margin- the question arises what is reasonable. Market forces determine prices of products (Demand and supply equation). More over the organized retailers like big bazaar reliance fresh etc give huge discounts on many products where as if you buy the same item from a traditional shop you get at the printed MRP. now who is looting. which is correct the MRP or the discounted price. Very difficult to say.

Anita, RETAIL is a very broad word having different meanings. When you talk of modern trade (organised retail), no they certainly are not. But yes, if you talk of old trade (unorganised retail), certainly they are looting us. Could you please elaborate on the word RETAIL, thus making our effort to answer easier?

No same here agree with Shailena Verma & Wayne - Russell Macedo .

True Shailena...however it boils down to a personal choice as such whether a visit to the RETAIL MALL is worthwhile or not ??? well the Retail Mall is perfectly entitled to underpricing or overpricing of their products whatever...

No good business house try to rob & loot his customers. The truth is that most of the retail bigwigs are in their inception stage in India where they are facing immense difficulties vis a vis rentals/real estate, untrained staff, poor infrastructure for supply chain & huge losses due to pilferage thus aggravating overall operational costs.

Vishal retail is reeling under a financial crises, in fact 2009 has not proven good for the sector due to one or other reason.

Also retail is considered to be a high volume-low margins business & I personally suppose there are least possibilities of looting the customer in this cut throat competition especially in India where customers are very price & value conscious.