Retail insight on 11th August 2009

News

Retailers focus on building private label business Hindu Business Line With some of the big players such as Reliance Retail, Aditya Birla's More and Future Group's Big Bazaar focusing on their private label strategy, manufacturers and vendors are willing to acknowledge its growing prominence in recent times.

Cardini Foods now opens at Ansal Plaza Ludhiana Click here for more details Operational Brands: Geoffrey Pub, Mc Donald's, KFC, Octave, Lee, Study by Janak, Vibe, Blackberry , Hues ,Koutons, kapkidz, Wrangler, Pepe, Numero Uno, Liberty , Arrow, Planet M, Duke , Creative Line , Cantabil, Meena Bazaar, Levis , Mom n me , Nike , Lee Cooper, Raymond , Provogue , Cottleaf , Chief 19 , Cotton County, Priknit , Black , M&B , Peter England , Shoe Rack, VLCC. Upcoming Openings: Kapsons, Basant, Reebok, Freiburg.

Vishal Retail's losses continue; says turning point by year-end Business Standard With dwindling sales, Vishal Retail's management is working hard to put the loss-making company's sales back on track. Even as the company has posted a loss of Rs 90 crore in its net profit for the first quarter of FY10, the management claims footfalls have increased and by the end of the year, everything would fall in place.

Jewellery major Joyalukkas targets $2 bn biz by 2012 Economic Times The branded jewellery chain, which opened on outlet each in Pondicherry and Thiruvananthapuram recently to take its total network in India to 17, is planning to more than double its reach across the country by March 2012.

Kurlon looks to up growth through furniture Business Standard Kurlon Ltd, a Bangalore-based mattresses firm is foraying into the Rs 13,000 crore home, kitchen and office furniture segment. The company as part of its diversification strategy has set up a 60:40 joint venture with a family-owned little known Italian firm - Cesare, to manufacture Italian designed sofas in India. Kurlon is looking to enter kitchen and office segment during next year.

bigshoebazaar.com plans online cash-and-carry site Economic Times The company, promoted by the former Vishal Retail CEO (Corporate Affairs) Manmohan Agarwal, is also going ahead with the expansion of its retail chain business with plans to have up to 250 outlets across India by FY'11.

Retail Trends

India Hospitality takes control of Mars group Economic Times India Hospitality Corp, a London-listed firm with interest in the consumer and hospitality space in India, has taken operating control of its Indian subsidiary Mars Restaurants, the hotel and restaurant company that manages Not Just Jazz By The Bay and Pizzeria chains, from high-profile restaurateur and current president Sanjay Narang.

Brand Calculus to invest in more Booster Juice outlets in Indian metros fnbnews.com According to Fazle Naqvi, Chairman & MD, Brand Calculus, the main objective is to bring the best QSR brands to India. This is where the Canadian based leading international smoothies chain Booster Juice will be the front-runner in a market that is seeing the entry of many international brands.

Retail Insight

Achieving Efficient Retail Implementation Willard Bishop Do you know what it really costs today to execute at retail? Do you know what it costs to make planogram changes before you actually get to the store? Do your space management and category management people understand how moving a shelf just one-half inch can add $200,000 to the cost of a reset? Can you achieve 97% ACV on new item introductions in just three days? New programs and best practices are emerging, and we are beginning to finally change retail implementation paradigms.