Retail Insight on 29th June 2009

News


Banks seek more time in Subhiksha case
Livemint
Banks involved in the corporate debt restructuring (CDR) of defunct retailer Subhiksha Trading Services Ltd are seeking a two-month extension just days ahead of a July deadline, bankers with direct knowledge of the process said.





Trent: Book profits
Hindu Business Line
Trent's reliance on the premium segment, even as its value forays are yet to deliver, may impose limitations on its growth in the near term.


Chennai to get mall makeover
Economic Times
Chennai's retail mallspace is bound to zoom, with a four-fold increase in the next 18 months. Spencer Plaza and ETA Group's City Centre with over 8 lakh sq ft put together, were the metro's only two malls. But now, the retail skyline is set to change with 6 new malls expected to release an extra space of 23 lakh sq ft by end-2010.


Subhiksha has not paid salaries, government told
Economic Times
The government Monday said it has received a complaint that retail chain Subhiksha had not paid salaries to its employees for the past three months and that outlets were closed without them being informed.


JSW Steel expands retail focus
Construction Week Online India
Based on the franchise model, the chain which already has a presence across 18 states including J&K, offers a choice of JSW's branded steel products to retail customers in an air-conditioned ambience.


Retail Trends

No Wanton Plan, This
Forbes India
When you can choose from an array of reading glasses, ask the maitre d' for a shawl to keep the cold off or get a bassinet for your baby, you know you have come to a restaurant that is different. This is what makes adman Anjan Chatterjee's Mainland China food chain thrive among a loyal, growing customer base.


GAP to continue sourcing from India
Economic Times
International textile retail chain GAP today clarified that it has not stopped importing Indian textile and clothing for its global operations. The company's reaction came in response to yesterday's statement in the Lok Sabha by Minister of State for Labour and Employment Harish Rawat stating that the US-based chain has stopped sourcing of materials from India citing purported use of child labour in the Indian apparel industry.


Retail Insight

Steps to Effective Store Design

P.J. Hoffman

Are you planning to expand, relocate or open a new store? The ideas outlined here are meant to make the process easier and more rewarding. I write from the perspective of someone who has provided store planning and design services for several hundred projects. The design of your store is a key factor in its success.