Retail insight on 17th August 2009

Aug 17, 2009

News and Analysis for the retail industry

News

Pharmacy retailing to grow exponentially if FDI norms eased Livemint "Pharmacy retail is growing at the rate of 20-25% annually. The organised pharma retail market size has the potential to grow to $9 billion by the year 2011," the report titled 'India Retail Research 2009' said. The size of India's pharmacy retail market is estimated at $4.5 billion, which is dominated by 12-15 big players.

There's always something new happening at Ansal Plaza Mall Click here for more details There's something for everyone at Ansal Plaza Mall, from entertainment at Center Court to innovative events like Fairy land , where a fairy appeared every day to read fairy stories to kids, touch them by magic wand and all of sudden Gifts pop up from chutes or treasure box . The event resulted in very high footfalls at Ansal Plaza mall.

Food retailers take up to 50% hit on margins as prices shoot up Business Standard Rapidly rising food prices is forcing food and grocery retailers to take a hit of up to 50 per cent on their margins in pulses and groceries. Retail consultants said food and grocery retailers may see a drop of up to 20 per cent in their volumes if prices continue to shoot up, forcing shoppers to curb spending or downtrade in discretionary items.

Retailers get innovative to beat recession? NDTV.com The economic downturn has forced smart thinking and co-operation in one of the most competitive businesses. Retailers in India who are sitting on stockpiles as people hold on to their wallets, have come up with a new plan to get rid of their stockpiles.

Hindware Home Retail's expansion plan in NCR Merinews HHRL plans to invest about Rs 250 crores in next coming five years to establish 50 large format stores all across India. The entire stores will be company operated.

Retail Trends

Indian Retail Industry Witnesses Steady Growth Global Supply Chain Council Market research information reveals that Indian consumers are becoming more aspirational and looking forward to adopting a western lifestyle. This trend will drive retail and logistics to have sustained growth and new brands from overseas to cater to an expanding middle class customer base.

Rural retail sales drop with rain deficit Business Standard Companies in the rural retail business are feeling the impact of erratic rains this monsoon, as sales of segments like agricultural inputs and apparels have been coming down. Sales of FMCG products have also been marginally affected.

Retail Insight

Enterprise Merchandising led Collaboration - The Next Generation Go-to-Market Retail Model TCS As retailers continue to grow huge and diverse, through organic growth as well as through mergers and acquisitions, it is becoming increasingly important to pursue new approaches that enable them to go-to-market with a coordinated face. Enterprise merchandising (EM), one such approach, is the consolidation and execution of most merchandising processes and decisions at the corporate to leverage scale. While EM leverages scale, it is very important to collaborate with local relevance especially in terms of deep customer understanding, knowledge of the products and/or services that win the customer's heart and methods for excellence "at the shelf". Collaboration is the key success factor for the new model.