Retail insight on 16th October

October 16, 2009

News for the retail industry

News

Low sales may carry discounts past Diwali Livemint "The consumer is still cautious. He is spending, but not splurging," says Govind Shrikhande, managing director, Shoppers Stop Ltd. The chain has seen 17% less shoppers this festive season compared with last year. Still, Shrikhande says there are signs of things returning to normal by December.

WH Smith plans Delhi expansion move Telegraph.co.uk WH Smith, the book and stationery retailer, will gain a major foothold in the Indian market when it opens six outlets in Delhi airport next year. The move could act as a springboard for a major international expansion at the retailer's fast-growing travel division of airport and railway station stores.

Fast food chain Kaatizone to roll out 100 stores by 2012 SamayLive As part of its expansion plans, Bangalore-based Indian quick-service restaurant chain, Kaatizone, today said it would launch 100 outlets in five cities by 2012.

Raheja group plans luxury market foray mydigitalfc.com THE K Raheja group is looking at making a foray in the luxury market. The group, which is riding high on the premium retail segment with Shoppers Stop, is now looking to go one step higher on the retail front with luxury brands. "We have been thinking about the luxury market," said Kishore Bhatija, CEO of Inorbit Malls.

Liverpool plans 100 footwear stores by March 2011 Business Standard Ahmedabad-based retail chain Liverpool plans to open 100 exclusive footwear showrooms and 50 family stores by March 2011. The company is setting up its first garment manufacturing unit and aims to roll out 1000 exclusive menswear outlets across the country. The company has earmarked Rs 200 crore for all the projects.

Retail Trends

The making of India's retail king National Kishore Biyani could have stayed in his father's firm, continuing the family's safe way of doing business, but the risk-taker dreamt of other ventures. In less than three decades, he has gone from family employee to head of India's largest retail conglomerate.

Retail Insight

Breaking the Employee Turnover Cycle - Best Practices Guide for Employee RetentionCanadian Food Industry Council Business managers have struggled with employee turnover for decades. It has proven especially problematic for a handful of sectors, including the food retail/wholesale industry. Based upon 2007 research conducted by the Canadian Food Industry Council (CFIC), the overall employee turnover rate per 100 employees is 391, compared with 22 on average for Canadian businesses overall.