Retail Insight on 4th August 2009

News


Indian diamond traders find a friend in China
Economic Times
A number of Indian firms are busy setting up diamond processing units and retail outlets across China as they bet on Asian markets to more than make up for the sharp drop in demand from what were traditionally the largest consumers - the US, Europe and Japan.



McDonald's Now opens at Ansal Royal Plaza Jodhpur Click here for more details
Brands under Fit out: Fun Cinemas, Reebok, Peter England, Puma, Allen Cooper, Levis ,Home and Apparels, Yashika Jewelers, Melange Designer's, Kaya creations, Home decor, Spykar, Meera's Saree.


Mafatlal Ind plans to add 300 showrooms over 5 years
Economic Times
The Arvind Mafatlal Group company currently has 200 retail showrooms spread across the country. The Group is also mulling to strengthen its sales by increasing network of semi-wholesale dealers to 500 from the existing 300 and retail distribution channels as well, a company press release said.


Retailers discover potential in the 'back-to-school' market
Livemint
The burst of back-to-school shopping is not yet of Diwali proportions, but it has enough potential to become one of the highlights of the Indian retailing calendar. It is already large enough to bring a gleam into many a retailing eye.


Sunday blues for Hyderabad malls
Express Buzz
It wasn't a very pleasant Sunday for mall managements in the city as Labour Department officials cracked down on outlets that have been merrily ignoring labour rules altogether. The officials said Hyderabad Central, Lifestyle, Big Bazaar and a few other stores have the permission to stay open on all 365 days.



Retail Trends


New Delhi 69th in retail rentals: CBRE
Business Standard
Country's capital New Delhi continued to witness a decline in retail rentals of 25 per cent and ranked 69th in rentals among the list of major cities across the world during the first quarter of 2009, according to global real estate consultancy CB Richard Ellis.



The plan is to develop a logistics business
Livemint
Hong Kong-based Fung Capital is the family office fund (essentially a fund based on investments from large business families) of brothers Victor and William Fung, chairman and group managing director, respectively, of Li and Fung Ltd, a group with $16.7 billion (Rs80,494 crore) in revenue. The multinational is present in three areas: export, distribution and retailing.


Retail Insight

Six Keys for Successful Price Planning in a Shaken Economy
Nielsen
The economic downturn continues to put stress on consumers, resulting in accelerating changes in basic purchasing patterns. An important part of the overall equation for consumers is the relationship between price and value. As consumers develop new value systems, how should manufacturers and retailers view and manage the other side of the equation—price? If your business models and pricing strategies pre-date recent changes in the economy and consumer behavior, you could be headed for trouble. Perhaps now more than ever, pricing can serve as marketing's most powerful lever to drive performance. We all realize we're dealing with unprecedented circumstances, and need to act, but what are the guiding principles for successful price planning? These Six Keys for Successful Price Planning provide a roadmap for marketers to navigate through our new pricing environment.