Retail insight on 19th October

October 19, 2009

News for the retail industry

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News

Consumer goods cos notch up unexpected sales Economic Times "This year, festive period sales have been a complete surprise. After many many months, we are seeing a real stability in demand," said the country's largest retailer Future Group CEO Kishore Biyani.

Competition intensifies in retailing of petro-fuels Business Standard The two private fuel retailers, the Ruias-owned Essar Oil and Mukesh Ambani's Reliance Industries Ltd (RIL), are both expanding the rollout of their outlets, after a long period of rollback and dormancy. RIL has, in recent days, re-opened 400-odd outlets from around 70-odd a few months earlier.

Indian textiles to take on China in own turf Economic Times The nearly $10-billion Indian textile and apparel industry, buoyed by a growth in August after nine months of decline and by increased demand from Europe, says it's taking on its biggest competitor by entering the Chinese market.

Change in depreciation policy may help Shoppers Stop bottomline Economic Times After a slow start, the country's first departmental store, Shopper's Stop, is slowly catching up. Though Pantaloon has left it far behind in terms of geographic reach, the Shopper's Stop stock gave investors a return of 68% over the last 10 months, better than Pantaloon, which posted a return of 49% during the period.

Nova says JV with Reliance remains active Plastics News Under the JV, Reliance's Reliance Retail unit will use Nova's Performance Styrenics technology to make products such as insulating concrete forms and structural insulated panels to be used for building large retail stores in India.

Retail Trends

Big Retailers Still Struggle in India BusinessWeek Most Indians continue to find big retail stores more interesting as cultural phenomena than as places to do their actual shopping.

Festive season sales push up retail targets Business Standard Retailers of leading automobile, consumer durables and FMCG (fast moving consumer goods) brands say the month of September saw a substantial jump in sales for products across segments. Retailers reported a 45 per cent increase in footfalls and a 30 per cent increase in sales. The trend is expected to continue in the coming months.

Retail Insight

THE STATE OF THE RETAIL SUPPLY CHAIN: Results and Findings of the 2009 Study RILA This year's study, participated in by more than 40 major retailers, explores key issues in supply chain management. As the challenges presented by a global economic recession, ever-tightening budgets, and fluctuating fuel costs heighten, retailers are more reliant than ever on supply chain management for organizational success. Supply chain executives are being called upon to create innovative strategies that will increase efficiency and drive down costs while maintaining excellent service levels.