India short by 10 million tonnes cold storage facility: Assocham FnBNews.com The Associated Chamber of Commerce and Industry (Assocham), highest body of the Chambers of Commerce of India (CCI), providing a forum for dialogue between business and government said in its report "Food Processing and Agri Business" that the country is short by 10 million tonnes of cold storage capacity due to which about 30-40% of agricultural produce goes waste every year.
Fabindia eyes Western wear with UK brand East Livemint British ethnic Western wear retailer East sees potential to open at least 200 stores in India piggybacking on local chain Fabindia Overseas Pvt. Ltd by pricing its clothes and accessories at half the price in its UK stores.
CavinKare eyes bigger share of foods pie Economic Times FMCG major CavinKare is taking a bigger bite into the branded food segment by affecting a majority stake buyout of traditional snacks marketer, Garden Hygienic Snacks. CavinKare is poised to acquire the Mumbai-based company for Rs 55 crore, said sources familiar with the development.
Paving the way Business Line What's got Utsav Seth kicked of late is a brand new store that footwear brand Pavers England has set up in the domestic airport in Chennai. The young CEO of Pavers England Footprints Ltd says this store, which has been set up in the security hold after the checks, is attracting many curious footfalls and patronage as well, as the store has been selling around 15-20 pairs a day of men's and women's footwear.
GenNext takes charge at Future Group Moneycontrol.com Generation next is taking charge at the Future Group and they are confident that the future of the retail giant is safe. Kishore Biyani's daughter Ashni Biyani has joined the board as the Director of Future Ideas, while his nephew Vivek Biyani is the Director of Home Solutions Retail.
Retail Trends
Buyers begin to catch gold fever after lull Economic Times Yellow fever is finally catching up among India's price-conscious buyers. Gold jewellery sales, which had fallen steeply over the past six months because of high prices, have picked up since early August on the back of seasonal demand by consumers who do not see prices coming down from their current levels.
Recession offer: Buy jeans on interest-free EMIs Economic Times Levi Strauss & Co may have beaten the blues during the 1930s when The Great Depression struck by transforming jeans from mere workman's wear into trendy cowboy attire. But the downturn of 2009 is forcing the company that invented denim jeans to try desperate measures to keep the blues at bay and cash registers ringing.
Easy online access could doom retailing business Economic Times Researchers have warned of a surge in online trading and 'anti-retail movement' that could doom retail outlets over the next 10 years. Some traditional retailing is likely to become obsolete by 2020, as manufacturers choose to sell directly to the public and consumers prefer to deal directly with wholesalers.
Anchor stores are almost akin to the star performers that ensure houseful responses at the box-office. In the sense that they act as magnets to attract footfalls to the mall. Nevertheless, with the multitude of shopping options available to shoppers, the pressure to deliver expected performance raises questions on whether these stores are actually helping in the co-promotion of the malls. Wouldn't it be better if the remaining centre takes up the best supporting role to guarantee footfalls and establish itself as a shoppers' favourite destination?
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