Retail insight on 18th August 2009

Aug 18, 2009

News and Analysis for the retail industry

News

B S Nagesh moves into a non-executive position as vice-chairman of Shoppers Stop Business Standard After almost eight years as managing director of multi-format retail company Shoppers Stop Ltd, B S Nagesh is moving into a non-executive position as vice-chairman of the company, as part of succession planning within the retail business of the K Raheja Corp, led by Chandru L Raheja.

Pantaloon to float SPV for global funds Economic Times Pantaloon Retail, the listed retail entity belonging to Kishore Biyani-led Future Group, is floating an FDI-compliant special purpose vehicle (SPV) to offload its non-core assets to overseas investors.

They barked "I DO" as the band played Click here for more details Hundreds of Dogs all dressed to the Hilt, wagging tails and Barking I DO's ... Ansal Plaza Malls in Delhi, Gurgaon, Greater Noida Witnessed a Mass Dog Wedding, accompanied by lots of BOW-WOWS and Fashion Show. Six couples, a Mr. & Mrs. St.Bernard, German spitz, cocker spaniel, Russian terrier & Lasa apso emerged from a ceremony solemnized by a priest even as a band played & rose petals were showered on the newly-weds.

Coffee NU to launch 50 outlets across India Business Standard Domestic retail coffee chain 'Coffee N U' is planning to launch 50 outlets across India by March 2010 coupled with computer gaming zone 'Oovaa'. The company plans to market its coffee and computer gaming product combination primarily in tier-II and tier-III cities to attract urban youth.

Titan to step up retail presence Daily News & Analysis Clocking in on better times, watch and jewellery retailer Titan Industries is planning to step up its retail presence. It plans to add 40 World of Titan stores across India by the end of the current financial year.

Retail Trends

Retailers get weekend relief Daily News & Analysis The weekend provided a welcome relief to retailers as customers, who were running scared from malls, flocked to make the most of the ongoing promotional offers. Most malls and big retailers saw a surge in sales owing to the extended weekend and reducing fears of the spread of swine flu.

Retail Insight

RFID: Beyond the Supply Chain Aberdeen Group Radio Frequency Identification (RFID) is moving beyond its supply chain roots and taking hold throughout the enterprise. Aberdeen Research shows that different uses for RFID capability are gaining traction and delivering business value. While RFID continues to be widespread in the supply chain (46% of respondents stated "improving supply chain efficiency" as their top priority), Aberdeen's study shows that organizations have also realized benefits by incorporating RFID into other business functions.