Retail
The Retail Industry is a behemoth. Some of the big names are Wal Mart , Woolworth, Marks and Spencers, Tesco, Target Corporation, Safeway, BestBuy , Starbucks Corporation, NIKE, Apple Inc , Home Depot, CostCo , Exxon Mobil and the Gap Inc.
India tops the AT Kearneys annual Global Retail Development Index for the third consecutive year making it one of the most attractive market for retail investment. The Indian Retail market is the fifth largest globally. It is expected to grow from USD 327 Bn in 2007 to USD 427 Bn by 2010. India has the largest number of retail outlets in the world . Of the 12 million retail outlets, 5 million sell food and related products.
Modern Retail is set to grow to 22% of the total market by 2010. Tarang is targeting this market with a range of solutions.
Tarang is targeting its solutions at Shopping Malls, Hypermarkets or Supermarkets, Exclusive Brand outlets, Departmental Stores and Restaurants. There are close to 130 Malls across 13 Indian cities today and this is expected to grow to 600 by 2010.
Tarang's solutions offer the following unique features to the Retail Malls/ Merchants and the consumer:
- E-Tailing solution for bringing the customer experience to the web
- Virtual Pre-Paid Card for the consumer
- Virtual Gift/Loyalty card
- Mobile Discount Coupons
- Podcasts of special offers
- Virtual tour of the Mall
- Business Intelligence on customer behavior and purchase patterns
- Personalized Marketing
Leveraging Tarang's strong payment domain expertise, the following services are offered as well:
- Installation of POS terminals of leading Terminal manufacturers
- Custom development of payment applications for POS terminals,
- Gift and Loyalty Card applications
- Call Center Services for 24*7 customer support