I can think of three sections of retail in India - Unorganised, Organised, Online.
Unorganised retail has market share of 85% , which it is slowly losing to organised sector.
Organised players have almost 15%, which we are considering being under threat from online players. Even if organised offline shops loose some of their market share to online players, they still have tremendous potential of gaining market share from unorganised players.
Ten years back, I used to see a number of grocery shops in any nukkad of a city. Nowadays, only one or two of them are seen operating. If we observe our own grocery shopping patterns in cities, we either buy groceries weekly-fortnightly from BigBazaar or Dmart, or buy them online. Only time we buy them from next door grocery shop is when we need to buy something smaller on urgent basis. (I am referring to general buying pattern, may vary person-to-person) This indicates at value migration in retail space.
Also, demonetisation had forced more people shifting to plastic money or mobile wallets, hence many organised players didn't face big revenue loss during Dec quarter and same may be expected to continue.
I have also heard that GST will positively impact organised players (I dont know how - If anyone knows how, please shed some light on this)