Challenges and Opportunities of Grocery Business: A Study on Rangpur City Corporation in Bangladesh

Authors

  • Omar Faruque Begum Rokeya University
  • Ayasha Siddiqua Begum Rokeya University

DOI:

https://doi.org/10.18034/gdeb.v8i1.97

Keywords:

Grocery Business, Rangpur City Corporation (RCC), Capital Employed, Income Generation

Abstract

The study has revealed the challenges and opportunities of grocery business in Rangpur City Corporation in Bangladesh. Seventy individual shop-keepers from seven different areas in Rangpur City Corporation have been selected following stratified random sampling technique and the first-hand information has been collected from the selected respondents using structured questionnaire for rigorously study with due diligence. Empirical findings have revealed that the age of most of the shop business is within the range of five to ten years and the average growth rates of sales and profit are very insignificant and in both the case it is below 10 percent. On the whole, the shop business is not doing. The research finding disclose a long list of hurdles that stand in the way to healthy growth of these highly popular business segment where about 0.75 percent of the citizens are depending for their livelihood. Among the bottlenecks, shortage of capital and severe compaction are the leading causes. Therefore, the study recommends for easy access to the bank credit with a very low rate of interest and lenient terms for sustainable growth in grocery business and welfare of the tiny businessmen as well as their family members and dependents.

Downloads

Download data is not yet available.

Author Biographies

  • Omar Faruque, Begum Rokeya University

    Assistant Professor, Department of Accounting and Information Systems, Begum Rokeya University, Rangpur, BANGLADESH

  • Ayasha Siddiqua, Begum Rokeya University

    Assistant Professor, Department of Management Studies, Begum Rokeya University, Rangpur, BANGLADESH

References

Badiuzzaman, M., (2006) ‘An analysis of Grocery Loan Under Rural Development Scheme (RDS) of Islami Bank Bangladesh Limited (IBBL) in Sadar Upazila of Mymensingh Disrtict’, A thesis, Department of Agricultural Finance, Bangladesh Agricultural University, Mymensingh, May 2006)

Bahadur, G.h., (2006), ‘Prospects of Super Market Concept in Dhaka City Gurung’, DIU Journal of Business and Economics, Volume 1, No 1, July 2006, assessed from: http://hdl.handle.net/20.500.11948/555

Durham, L., (2011), ‘Opportunities and challenges for South African retailers, The Retail Landscape in South Africa’, Pp. 33-35, assessed from: https://www.supermarket.co.za/SR_Downloads/S&R%20May%202011%20Trend%20tracker.pdf

Harun, M. A, Fayez, A., & Maniruzzaman (2013) ‘Customer Hospitality: The Case of Fast Food Industry in Bangladesh’, World Journal of Social Sciences, Vol. 3. No.6. November 2013 Issue, Pp. 88–104, assessed from: http://www.wjsspapers.com/static/documents/ November/2013/7.%20Harun.pdf

Islam, M. K., & Hossain, M. F., (2012) ‘Online vs. Traditional Shopping in Bangladesh’ Daffodil International University Journal of Business and Economics, Vol. 6, No. 1 & 2, December, 2012, assessed from: http://dspace.daffodilvarsity.edu.bd:8080/bitstream/handle/123456789/785/ Online%20vs.%20Traditional% 20Shopping%20in%20Bangladesh.pdf?sequence=1

Rahman, M. M., and Chakraborty, S., (2010), ‘Optimum Allocation of Super Stores in Dhaka City: An Application of Geographic Information System (GIS) and Heuristic Model’, Journal of Bangladesh Institute of Planners, Vol. 3, December 2010, pp. 153-158, http://www.bip.org.bd/SharingFiles/journal_book/20130722135807.pdf

Rana S. M. S., Osman, A., and Islam, M. A., (2014), ‘Customer Satisfaction of Retail Chain Stores: Evidence from Bangladesh’, Journal of Asian Scientific Research, journal assessed from: http://www.aessweb.com/journals/5003, http://www.aessweb.com/pdf-files/JASR-6-2014-4(10)-574-584.pdf

Roberta, L. C., (1990), ‘Challenges and Opportunities in the U.S. Fresh Produce Industry’, Journal of Food Distribution Research, Pp. 67-74, assessed from: https://ageconsearch.umn.edu/bitstream/26976/1/21010067.pdf

--0--

Downloads

Published

2019-06-30

Issue

Vol. 8 No. 1 (2019): January - June Issue

Section

Articles

License

The CC BY-NC 4.0 license lets others remix, tweak, and build upon your work non-commercially, and although their new works must also acknowledge & be non-commercial, they don’t have to license their derivative works on the same terms.
|| View License Deed ||
|| View Legal Code ||
 
Publishing paper with Global Disclosure in Economics and Business means that the author or authors retain the copyright in the paper.
This journal is granted an exclusive noncommercial reuse license by the author(s), but the author(s) are able to put the paper onto a website, distribute it to colleagues, give it to students, use it in your thesis, etc, so long as the use is not directed at commercial advantage or toward private monetary gain.
The author(s) can reuse the figures and tables and other information contained in their paper published by Global Disclosure in Economics and Business in future papers or work without having to ask anyone for permission, provided that the figures, tables or other information that is included in the new paper or work properly references the published paper as the source of the figures, tables or other information, and the new paper or work is not direct at private monetary gain or commercial advantage.

How to Cite

Faruque, O. ., & Siddiqua, A. . (2019). Challenges and Opportunities of Grocery Business: A Study on Rangpur City Corporation in Bangladesh. Global Disclosure of Economics and Business, 8(1), 49-60. https://doi.org/10.18034/gdeb.v8i1.97
Crossref
Scopus
Google Scholar
Europe PMC

Similar Articles

1-10 of 120

You may also start an advanced similarity search for this article.