Retail Insight on 21st July 2009

News


Hong Kong co acquires 26% in Future Logistics
Economic Times
Hong Kong-based Li & Fung Group, a global supply chain manager, on Monday picked up more than 26% stake in Future Group's logistics arm Future Logistics Solutions for around $30 million.



Croma in tie-up with Sanjeev Kapoor's Wonderchef
Business Standard
Tata group's consumer durables and electronics chain, Croma, has tied up with chef Sanjeev Kapoor's Wonderchef Home Appliances and will invest Rs 25-crore to retail imported kitchenware in India.



Realty revival lifts home retail
Economic Times
Better times are gradually returning to the country's home retail segment, among the categories worst affected by the slowdown. The segment, which saw a decline of 15-25% in sales, is witnessing a spate of renewed activity, hand-in-hand with the returning stability in India's housing market.


Mountain of unsolds hits garment cos
Daily News & Analysis
With the retail industry struggling to recover from the slowdown, sub-contractors, who supply to large garment manufacturers and retail chains, are bearing the brunt.


Retail Trends


'Agri-logistics crucial for farmers'
Hindu Business Line
In the Union Budget, the Government announced investment-linked tax incentives for setting up and operating cold chains and warehousing facilities for agricultural produce. Mr Aditya Bafna, Director, Shree Shubham Logistics, spoke to Business Line on the infrastructure challenges the sector faces and Shree Shubham's contribution to the sector.


Sops for cold chains insufficient
Business Standard
Despite various incentives announced in the Budget, the government's plan to create a capacity of 10 million tonnes of cold chains, pack houses and ripening chambers by 2012 is unlikely to be achieved because of the lack of enthusiasm among commodity retailers and farmers.


Retail Insight

World's Shopping Capitals
Forbes
To find the world's best cities for shopping, we turned to Gold, who co-authored CBRE's spring 2009 study "How Global Is the Business of Retail?" Gold and his colleagues mapped the global footprint of 280 of the world's top retailers across 67 countries, analyzing retail globalization at a city level.