Retail Insight on 31st July 2009

News


Organised retailers may come together to synergise resources: Goenka
Sify
With organised retail business in India yet to come out of the woods, a move is afoot to synergise the resources of the various retails chains for mutual benefit, a top retailer said here Thursday. 'The situation is now better. But still it is bad,' said Sanjeev Goenka, vice chairman of RPG Enterprises, which owns Spencer's Retail Limited, adding that retailers are planning to get together to discuss how they could leverage their resources.



Converse now opens at Ansal Plaza Khelgaon
Operational Brands: Shoppers Stop , Marks and Spencer, Guess, Meena Bazaar , Swadeshi , UCB , LEE , Taanz, Converse, Paisley, Lacoste , Color Plus , Levis , Dhruv Sehgal ,LEE, Tantra , Reebok ,Puma, Adidas , Walk in M&B , UCB KidS , Sital Das , Archies, Mirchi , Pizza Express , Nescafe , McDonalds ,Oriental Bloom ,De' Seoul Restaurant, Ambika Pillai , Osho World, Welhome, Naqash Royal Arts , Shaw Brothers , Book world , Pushpam Florist, Apple , Mobile Store , Walt Disney, Buddies Planet , Music World , Club Mahindra, Vodafone , J&K Bank , Indian Sugar Association , IBF , Trend Micro , HDFC Ergo
Upcoming Openings:Harry's Karaoke Bar & Lounge


Aditya Birla Nuvo sees higher sales in branded garments business
Fibre2fashion.com
Revenues grew by 13% from Rs. 225.1 Crores to Rs. 255.1 Crores driven by higher sales in the branded garments business. Sales from retail channel grew by 23% supported by expanded retail space and growth in like to like store sales.


M&S to change tack, take middle path here in Indian market
Economic Times
The UK's largest clothing retailer Marks & Spencer (M&S) is repositioning itself in India as a mid-market retailer, the same way as it is perceived in its home market. The retailer has been driving down prices in recent months to lure more customers.


TAG Media's Ginsburg upbeat on Future TV deal
Financial Express
TAG Media Network (TAG), India's first in-store television network has announced a strategic marketing tie-up with Future TV to have a pan-Indian in-store television presence. The two networks, which will continue to be separately owned, will be at over 556 stores across Big Bazaar, Spencer's, More, Pantaloon, Central, and Home Store locations.


Retail Trends


Food inflation goes up by 1.2 pc in just one week
Economic Times
Higher vegetables and pulse prices pushed up the country's food inflation by 1.2 per cent during the week ended July 18, giving no relief to consumers, even as the overall price level for the seventh week in a row remained below zero.


Tesco: Lean mean retail machine
Economic Times
While India's IT success story has spawned several instances where strategic moves have been supported, or even originated, from India, Tesco's is a first in retail where business processes (and technology ) meant for global implementation have been provided for, and sustained out of, an India back-office centre.


Retail Insight

The New Scarcity of Retail Space: How "Smart Allocation" Is Changing the Landscape
Booz
As consumers seek a simplified shopping experience that is customized to their needs, retailers and manufacturers will have to become curators of the ideal assortment. Moreover, examining each category and cutting the SKUs that are not pulling their own weight will not only appeal to shoppers but also improve profitability. To become practitioners of smart allocation, leading players in the industry will simplify the mix, leverage local insights, and build a responsive supply chain.