date:May 18, 2012
the organised sector as the overhead and transaction costs of the former are much lower. The organised sector is incurring higher cost due to higher rent; wages; logistic costs; and loss due to shrinkage, wastage and unsold inventory. The kirana stores are also changing to meet the challenges of organised retailers by offering branded products; parking space; customised services such as home delivery and credit facility, etc., apart from providing for bargains. These stores will continue, but t