Bharti Retail to increase staff strength to 60000 by 2015
Business Standard
Bharti Retail, a subsidiary of Bharti Enterprises, today said it will increase the head count to 60,000 by 2015 from 2,000 now as it has set a target to become a $1 billion company by then.
Future Group sees Rs 1000 cr revenue from sports biz: Biyani
Economic Times
Seeking to cash in on India's growing presence in the sports arena globally, Kishore Biyani-promoted Future Group has sensed a new retail opportunity and is looking at garnering Rs 1,000 crore revenue from the segment within four years.
How about a bandhani saree and salwar-kameez in denim?
Economic Times
"A five-pocket jeans is not going to work for a villager. Companies need to modify the product, not just ape the Western world. We need to have a connect with the consumer. You cannot just cater to the trouser-wearing women" says Sanjay Shrenik Lalbhai, the 55-year-old chairman and MD of Arvind.
We need a clear retail policy: Kumar Rajagopalan
Economic Times
Retailers Association of India (RAI), the country's apex retailers' body, was created to develop, facilitate and propagate practices and processes that will grow the Indian retail industry. Kumar Rajagopalan, RAI CEO, spoke to ET Bureau about the effects of the slowdown, FDI in retail and the incentives required from the government for the sector.
Kartikeya Kasliwal to join Brandhouse Retail as GM
Economic Times
Kartikeya Kasliwal, the son of S Kumars Nationwide (SKNL) managing director Nitin Kasliwal, is joining Brandhouse Retail - SKNL's subsidiary that operates exclusive retail stores for its top brands such as Reid & Taylor.
RJ Corp co inks JV with GMR for food retail chain
Economic Times
Ravi Jaipuria-owned Devyani International (DIL) has inked a 60:40 joint venture with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out.
Retail Trends
Demand for retail space on the rise
Hindu Business Line
After being virtually comatose for three quarters, retail real estate demand is showing some signs of revival as players in organised space begin to put their expansion back on track.
Shoppers play extra safe this festive season
Economic Times
Shopping districts and malls are bursting at the seams once again during the festive season. But, consumers seem to be resisting the urge to splurge, forcing marketers to offer more value for their money.
India emerges as key direct selling destination
Livemint
India is fast emerging as a key destination for international direct selling companies. Lured by consistent annual growth in excess of 30% for the last four years, at least five international companies selling cosmetics, tableware, home furnishings and health products plan to enter India's Rs3,300 crore direct selling industry.
Retailers step out of stores to nudge consumers in
Daily News & Analysis
What does a retailer do when escalator branding, hoardings and other forms of advertising fail to attract a big number of footfalls in his store?
Retailers' margins are always under pressure from rising costs. Now, with private equity players stepping up their investments in the sector and shareholders continuing to expect strong quarterly earnings, accelerated bottom-line results are at the top of many retailers' agendas.
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