Retail business in India started to flourish in the 80’s. Today Indian retail sector is rated as the fifth emerging retail market on the global front. Retail Industry, is the fastest growing and one of the most vibrant industries of the corporate world that has contributed a lot in enhancing the economic growth of many countries. The term ‘retail’ is derived from a French word ‘retailer’ which means ‘to cut a piece off’ or ‘to break bulk’. Retailing sector is a crucial part of the corporate industry that involves the selling of products and services to consumers. One of the aspects of retailing can also be included as the timely delivery of goods demanded by consumers. It is a service-oriented business industry which is focused on the needs of customers. Indian retail sector accounts for over 10 percent of the country’s GDP (gross domestic product) and around eight percent of employment, this sector is expected to grow at a compound rate of 30 per cent over the next five years.