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Organized retail does hurt small stores: Study

Organized retail does hurt small stores: Study
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First Published: Fri, May 23 2008. 11 27 PM IST

Updated: Fri, May 23 2008. 11 27 PM IST
In March, Indian Council for Research on International Economic Relations (Icrier) made a presentation to the government on the findings of a survey commissioned by it (the government) on the impact of organized retail on the sales, profits and employment of small stores.
The Icrier presentation to the government shows sales as well as profits of small stores being hit in areas where organized retail stores have opened shop. It also shows the owners of small stores trying to combat organized retail through various measures.
As First Reported in Mint…
Mint reported on the findings of the survey in December, when they were—as they are now—yet to be formally submitted to the government. Although Icrier’s head Rajiv Kumar has consistently maintained that the numbers mentioned in Mint’s December reports were false and inaccurate, he and the agency have not provided the “correct figures”. The numbers in Icrier’s March presentation to the government are the same as those featured in Mint’s December reports.
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First Published: Fri, May 23 2008. 11 27 PM IST