Retail Insight on 30th July 2009

News


Shopper's Stop Q1 net rises 2.16 times
myIris
Prominent retail player Shoppers Stop Ltd, operator of large format department stores, home stores, specialty stores like Crossword, Mothercare and MAC has registered a rise of 2.16 times in the net profit for quarter ended June 2009. During the quarter, the profit of the company was at Rs 25.20 million as against a loss of Rs 153.20 million in the corresponding quarter.



Reliance Fresh Now Opens at Ansal Plaza Palam Vihar
Operational Brands: Tata Croma, Reliance Trends, Pizza Hut, Hot Spot, Lakshita International, Cafe Coffee Day ,Tata Croma, Suraj Electronics, Nokia, Good Things, Guardian, Reliance Vision, Subway, Vodafone, Catmoss, Venus, Beebay, ITC Wills Life Style & Titan Eye, Allen Cooper ,H & A, Reliance Trends, F & T, Krishna Designer, Raj Opticians, Balezza Spa & Saloon.
Upcoming Brands: Moti Mahal Deluxe, Jiffy Juice.



Bata on forward march
Business Line
Bata is on a front foot. Seventy-five and still running strong, the age-old footwear brand has marched a long way from its early 'Back-to-School' shoe days to now. Though Bata did not exactly go in for rebranding, it decided to reinforce its image as the 'most trusted footwear brand' and enhance it with a contemporary look - be it in the product offerings or at the stores.


Gitanjali Gems profit rises 9% to Rs 45 crore in Q1
Economic Times
Gitanjali Gems' effective cost control policies and efficient strategies helped the company record a 8.8% growth in its net profit for the quarter ended June. The net profit for the quarter stood at Rs 45.4 crore compared to Rs 41.7 crore in the corresponding quarter last year.


Retail Trends


Menswear gets a new look
Business Line
The men's ready-to-wear market in India is estimated at Rs 5,000 crore and growing at 25-30 per cent per annum. Menswear typically comprises shirts, trousers, suits and accessories such as ties, cuff links and belts. Most men in urban markets are moving away from tailored shirts to ready-to-wear formals.



Mono-brand or Multi-brand?
CRN
Until a few years ago, the IT retail industry in India was mostly dominated by the mono-brand model. But with the entry of large format retail (LFR) stores - like Croma, Reliance Digital and E-Zone - many IT retailers began adopting the multi-brand retail model as a way of competing with the LFRs and as a way of adding more value to their business.


Arvind Singhal: Re-connecting with the consumer
Business Standard
There are several global consumer trends that seem to be applicable to the Indian consumers too, notwithstanding their very different demographic profile compared to rest of the world. The first key trend is the "shift to thrift" and a redefinition of what constitutes "value" in the mind of the consumers.


Retail Insight

Precision Retailing and Beyond: Achieving sustainable growth by leveraging consumer data across multiple channels
Deloitte

Sophisticated retailers know precision retailing as an analytics-driven approach for improving product assortments, pricing, and promotions. Now, new tools are making possible the analysis of an even greater wealth of data - not just point of sale (POS) and stock keeping units (SKU) data, but also information on demographics, competitors, and even potential customers. The result - enriched merchandising insights - can mean a bigger boost in customer conversion and profitability in the store and across multiple channels.