RETAILING IN BANGLADESH: EVOLUTION AND EXPANSION
DOI:
https://doi.org/10.29121/ijetmr.v8.i5.2021.955Keywords:
Retailing, Retail Marketing, Evolution TheoriesAbstract
Clothing manufacturers in Bangladesh are known around the world for their low prices. As a destination for clothing sourcing from foreign retailers, it offers low labor costs and a large pool of human resources. This makes Dhaka a sourcing hub for global apparel buyers and retailers. Major clothing retailers in top urban destinations across the Western Hemisphere exclusively display these products in front of their customers.In an effort to develop a theoretical framework to explain Bangladesh's retail industry, three main theories can be outlined. Essentially, these theories propose that as a result of external forces (such as environment or conflict), a retail institution will develop into another type or a new type will develop because of a need, conflict, or other factors. When explaining the international expansion of Bangladeshi retailers, we intended to look at three specific theoretical frameworksie; Environmental theory, Cyclical theory and Conflict theory. The article has gone through available literatures to establish relationships between there interrelated theories and justify their selection to explain the evolution and expansion of retail industry in Bangladesh.
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