Abstract
Retailing in Bangladesh is changing rapidly in line with the other countries of the world. The study aims to identify the nature of changes in retailing in Bangladesh along with the practicing theory of retail changes and waves of retail development by reviewing the articles and contents, secondary information from the different sources. Tabular forms of data presentation is used, trend analysis andsubjective judgements are deployed in analyzing the data to reach the decisions. The changing nature of retailing in Bangladesh has the three dimensions-the rapid rise of supermarkets in the urban and semi urban areas, accelerations of the e-commerce & e-tailing and a start of multichannel retailing. The practicing pattern of retailing in Bangladesh adopts the combined theory of retail changes and belongs to the fourth wave of retail development. The study may help innovating new retail model as well as gives insight to the retail institutions, professionals and policy makers to formulate the proper policy for effective growth and management of the sector. Keywords: Retail Theory, Retail Waves, Supermarket, E-commerce, Multichannel Retailing DOI : 10.7176/JMCR/64-05 Publication date: January 31 st 2020
Highlights
Retailing has been undergoing tremendous changes in developed as well as in developing countries (Humphrey, 2007; Reardon & Gulati, 2008; Tschirley et al, 2010; Nsimbi et al 2015)
The changes in retailing have been the academic concern for the many years, the researchers and scholars explain the numerous theories of the retail changes like the Wheel of Retailing (McNair, 1958), the Retail Accordion theory (Hollander, 1966), The Retail Life Cycle Theory (Davidson, Bates and Bass, 1976), Dialectic theory (Gist, 1968), the Environmental Theory (Blizzard, 1976; Brown, 1987; Gist, 1968; Oren, 1989), the Combined Theory (Kim, 2006) etc. where they address the multiple nature of the retail changes
Retailing is a traditional business in Bangladesh and like other developing countries of the world, the retail sector in Bangladesh is dominated by small grocery shops in rural areas, and small grocery shops in shop-lots and corner stores in neighborhoods in semi-urban and urban areas (Ali and Faroque, 2017) but the retailing industry in Bangladesh has been observing remarkable changes over the last decade (Siddiqui, Ahmed and Hasan, 2006; Arif, 2013, Shamser, 2014; Ahmed, 2017; Sarker and Ashrafi, 2018)
Summary
Retailing has been undergoing tremendous changes in developed as well as in developing countries (Humphrey, 2007; Reardon & Gulati, 2008; Tschirley et al, 2010; Nsimbi et al 2015). Retailing is a traditional business in Bangladesh and like other developing countries of the world, the retail sector in Bangladesh is dominated by small grocery shops in rural areas, and small grocery shops in shop-lots and corner stores in neighborhoods in semi-urban and urban areas (Ali and Faroque, 2017) but the retailing industry in Bangladesh has been observing remarkable changes over the last decade (Siddiqui, Ahmed and Hasan, 2006; Arif, 2013, Shamser, 2014; Ahmed, 2017; Sarker and Ashrafi, 2018) This changes has been addressed in different dimension including the rise of the supermarkets (Shamsher, 2017; Datta, 2017;Sarker and Ashrafi, 2018; Farid et al, 2017), the rapid adoption of e-commerce and e-tailing (Islam and Eva, 2019; Karim and Qi, 2018; Sahel, Anwar and Nandi, 2018; Islam, 2018) and the multichannel retailing (The Daily Star, 2017; futurestartup.com, 2017). The characteristics of the retail development waves are explained in the following table
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