Retail insight on 16th September

Sep 16, 2009

News and Analysis for the retail industry

News

Koutons converts more outlets to family stores Mydigitalfc Apparel company Koutons Retail is in a consolidation mode and is assessing the performance of its existing 1,400 outlets. In the past six months, the company has relocated about 50 outlets across India and converted over 150 exclusive men's outlets into their family store format.

Triveni Retail to wind up Economic Times Triveni Retail Ventures, the retail arm of Noida-based Triveni Engineering, is closing down all its stores after it failed to find a buyer, even as the country’s largest players in organised retail are staging a comeback.

Tanishq launches its largest store JCKIndia Tanishq unveiled its first large format retail store in Chennai, India last week. This exclusive showroom of 20,000 sq feet is distributed over three floors.

Retail Trends

It's celebration time for branded jewellers Economic Times Notwithstanding the soaring gold prices, branded jewellery players are anticipating a good festive season ahead. While the diamond jewellery segment is picking up faster than gold, leading players, such as the Gitanjali Group, Tanishq and Orra, are hoping for sales growth upwards of 20% over the same period last year.

Grocery shopkeepers inflate prices, making consumers pay a lot Economic Times Of all the reasons attributed to spiralling food prices, the one that goes unnoticed is the raw deal that you get from the neighbourhood grocer.

Retail Insight

Six Keys for Successful Price Planning in a Shaken Economy Nielsen The economic downturn continues to put stress on consumers, resulting in accelerating changes in basic purchasing patterns. An important part of the overall equation for consumers is the relationship between price and value. As consumers develop new value systems, how should manufacturers and retailers view and manage the other side of the equation—price? If your business models and pricing strategies pre-date recent changes in the economy and consumer behavior, you could be headed for trouble. Perhaps now more than ever, pricing can serve as marketing's most powerful lever to drive performance. We all realize we're dealing with unprecedented circumstances, and need to act, but what are the guiding principles for successful price planning? These Six Keys for Successful Price Planning provide a roadmap for marketers to navigate through our new pricing environment.