Retail insight on 10th September

Sep 10, 2009

News and Analysis for the retail industry

News

Reliance Retail plans expansion in southern states Rediff Reliance Retail Limited, a subsidiary of the Reliance Industries, is on an expansion mode with plans to add more stores in the southern states. RRL, which opened its first store in November 2006, now operates over 900 stores in 80 cities spanning 14 states.

Pantaloon plans big box for sports DNA Winner Sports Ltd, a wholly owned subsidiary of Pantaloon Retail that runs Planet Sports chain of retail stores in the country, is planning to launch a 30,000 sq ft sports specialty store in the country within 12 months.

Safal units threaten to put local vendors out of business Livemint The sign outside said Safal and signified yet another neighbourhood takeover by Mother Dairy Fruit and Vegetable Pvt. Ltd, a cooperative run by the National Dairy.

Pantaloon to invest Rs 500 cr to expand footprint The Economic Times Pantaloon Retail, India’s largest listed retailer, plans to invest more than Rs 500 crore to expand its seamless mall Central and the value fashion format Brand Factory over the next two years.

Retail Trends

Connected retail — organising the giant Business Line Competitive advantage in the retail industry hinges on the relentless drive to increase productivity, make prudent investments to deliver customer value, and execute precisely to provide consistency and quality. Retail organisations, therefore, continually work to improve the productivity and efficiency of service delivery, while enhancing customer service and satisfaction.

Retail Insight

Inventory Counting Practices in the Retail Segment PCG Solutions If you were to ask most senior retail executives, "What is the single most important measure of the success or failure of your company's loss prevention efforts?" the answer you would likely hear is, "Our shrinkage results." This would not be surprising as shrinkage results affect company profitability, shareholder return, incentive and bonus plans, and resource allocation decisions in most retail organizations. Therefore, it is a reasonable undertaking to pursue how companies measure this important metric, how often they measure it, and whether this number can be predicted and tracked throughout the year. This paper summarizes the results of a benchmark survey that focused primarily on the frequency of inventory counting and how the count was conducted.