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<b>Shankar Suryanarayan</b> , Chief Marketing Officer, Landmark Group

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There will be more players in future and the share of organised retail will go up. My personal view is that there will be consolidation in the industry and only strong players with good international experience and financial clout will survive. Retailing is a high cost business, because apart from high rentals, there is monies involved in advertising and to engage consumer 36 weeks a year. This could be in any form, be it promotions, consumer convenience, loyalty programmes, etc. Hence, a strategic approach to marketing is required rather than a calendar led marketing.

e4m Desk Aug 20, 2009 12:00 AM