Retail Insight on September 24th 2009

September 24, 2009

News for the retail industry

 

News

'Sanity has returned to retail' Hindu Business Line Now, people are far more cautious - in the past valuations were driven by square footage. Every retailer got blinded by that - the name of the game was adding square footage but not profitably. Today, sanity has returned to the industry, we have to pay for our mistakes.

Landmark looks to double its India revenue to Rs3,000 cr Livemint The $3.5 billion (Rs16,800 crore) Dubai-based retail conglomerate Landmark Group, which operates Lifestyle, Home Centre, Max Retail and other retail formats in the country, plans to double its India revenue to Rs3,000 crore in two-and-a-half years.

Birla for bigger biscuit foray Times of India Aditya Birla Retail (ABRL) is baking itself a brand new menu that is set to turn the heat on in the FMCG market. It is entering the two biggest biscuit segments - marie and glucose - which are dominated by Britannia and Parle, with inhouse brands.

Reliance Retail Executive: Seeing Stability In Consumer Demand EasyBourse.com "We are seeing stability as pent-up consumer demand is coming back," Bijou Kurien, president and chief executive of Reliance Retail's lifestyle division, told reporters at the sidelines of an industry conference.

Retail Trends

Call of the mall The Hindu It's Chennai's latest landmark. With an imposing structure and a facade filled with vibrant geometric patterns, Ampa Skywalk can't escape your eye at the Poonamallee High Road-Nelson Manickam Road intersection.

At malls, luxury still to come of age DNA The onset of the long festive season and improving consumer sentiment has brought some cheer to malls and retail stores. For the luxury market, however, there is no succour.

Retail Insight

ITC CHOUPAL FRESH: A CASE IN PRO POOR VALUE CHAINS STFX Organising fresh produce supply chains are the most challenging aspect of groceries retail. Ensuring that the customer has the same product, in the same quality, at the same place, fresh and at the any time during the year presents a tremendous challenge. Especially so in a context where numbers of large farmers are limited, and organising small ones to reach scale and reliability of supply, notoriously high cost and risky. What is one Indian company ITC doing to make the best of this situation?