News
Retailers pool resources to beat slowdown blues
Economic Times
Cut-throat competition in India's organised retail industry seems to have given way to harmony, with top players such as the Future Group, Aditya Birla Retail, Spencer's and Reliance Retail coming together to cut operational costs and improve margins.
Reliance Fresh Now Opens at Ansal Plaza Palam Vihar
Operational Brands: Tata Croma, Reliance Trends, Pizza Hut, Hot Spot, Lakshita International, Cafe Coffee Day ,Tata Croma, Suraj Electronics, Nokia, Good Things, Guardian, Reliance Vision, Subway, Vodafone, Catmoss, Venus, Beebay, ITC Wills Life Style & Titan Eye, Allen Cooper ,H & A, Reliance Trends, F & T, Krishna Designer, Raj Opticians, Balezza Spa & Saloon.
Upcoming Brands: Moti Mahal Deluxe, Jiffy Juice.
'Value formats' lead retail sales recovery
Hindu Business Line
Much of the growth in recent sales can be attributed to value retailers Pantaloon Retail, Koutons Retail and Kewal Kiran Clothing. Some retailers such as Bata India and Provogue saw declining sales growth in the five quarters between March 2008 and 2009, with improvement in the June 09 quarter.
Indians loosen their purse strings as recession woes fade
Economic Times
Kumar Rajagopalan, CEO of Retailers Association of India, the apex body of India's leading retailers, said that items of discretionary spends, which had witnessed a 15-20% degrowth in the previous months, are once again seeing growth - that too on par with last year.
Turtle to expand market penetration
Economic Times
Menswear apparel and accessories company Turtle is pushing the envelope to grow into a Rs 200-crore company within five years, up three-fold over its present turnover.
Subhiksha compromise formula runs into trouble
Business Standard
The compromise suggestion with creditors offered for settling the Subhiksha Trading Services imbroglio isn't going to be decided quickly. For one thing, Subhiksha says it can offer the needed funding, of Rs 250 crore, only after the court okays its proposed merger with Chennai-based Blue Green Construction, already a contentious issue.
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