Retail insight on 21st August 2009

Aug 21, 2009

News and Analysis for the retail industry

News

Aditya Birla Retail Expects 42% Revenue Growth This Year Wall Street Journal Aditya Birla Retail Ltd. expects revenue to grow about 42% in the current financial year, helped by same-store sales growth and new stores, its chief executive officer said. Retail chain store operator Aditya Birla Retail, the privately owned retail unit of conglomerate Aditya Birla Group, expects revenue of 16 billion rupees ($341.8 million), up from about 11.30 billion rupees in the last financial year, Thomas Varghese told Dow Jones Newswires.

Domino's to tap newly launched pasta segment to expand range Business Standard Quick service restaurant chain Domino's Pizza is now aiming to tap ready-to-eat pasta market to increase footprints in the estimated Rs 2,500 crore Indian organised food business.

Videocon Group launches DigiHome in Mumbai Indopia DigiHome is an initiative by the firm to reach out to consumers in strategic B, C and D markets at their doorsteps. "The company also plans to launch 150 stores and further expand to 50 in the North, 50 in the West and 30 in the South and 20 in the East," Chief Marketing Officer Jaideep Rathore said.

Retail Trends

Cash-&-carry misuse fears unfounded: DIPP Economic Times Cracks have begun to appear in the government's position on the controversial issue of foreign direct investment (FDI) in retail, with the consumer affairs department engaging the department of industrial policy & promotion (DIPP) in a verbal duel over the role of foreign firms in the Rs 30,000-crore organised retail segment.

Retail Insight

The Information Agenda Guide for Retail IBM To respond to today's challenges and remain competitive, retailers must: Deliver a superior shopping experience by providing personalized experiences that enable every customer to shop in-store and across channels however, whenever and wherever they choose Create demand-driven merchandising and supply chains that are fully integrated and driven by consumer insights that align products and services with anticipated shopper demand Drive operational excellence through integrated systems and processes that deliver analytical insights for fast development and deployment of new capabilities Implementing these three initiatives depends on one vital ingredient: information.