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retail analytics and GST

As from the past record, Indian retail industry transformed a lot. It can cross over USS $1.3 trillion by 2020. It accounts over 10 per cent of the Indian GDP. And now as GST implementation brings over greater transparency, reduced trade barriers and improved credit. 1.) pricing and promotions: Due to GST product pricing will be affected and also companies in B2C segment will be significantly affected. GST will impact prices of goods at every stage in the supply chain and retailers will need to review their prices studies by vendors. 2.) EOSS(end of season sale): there will be difficulty in clearing the stock of last year.3.) reduced rates of apparel and  changing purchase pattern. Read more at:  http://analyticsindiamag.com/can-retail-analytics-step-game-big-box-stores-rush-embrace-gst/

 

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