Retail Insight on 30th Oct 2009

October 30, 2009

News for the retail industry

Previous Issues

 

News

Shoppers Stop back in the black; net at Rs 12 cr Economic Times Govind Shrikhande, president & CEO of Shoppers Stop, said: "The net profit was due to a combination of cost reduction, maintained margins and increase in sales."

CESC talks to 3 PE firms for 20 percent stake in Spencer's Economic Times "We are in dialogue with three PE firms for divesting up to 20 percent stake in Spencer's Retail, provided they give us a proper value," Sanjiv Goenka, vice chairman of CESC told reporters.

Amway plans four Brand Experience Centres in Western India Business Standard The company has just opened new Brand Experience Centre (BEC) in Nashik, which is spread across 2,300 sq ft. This is the company's 4th centre in the country after Kolkata, Bangalore and Pune. BEC offers a virtual tour to experience Amway brands.

Future Group to hive off Big Bazaar Economic Times Pantaloon Retail (India), the flagship of the Future group, has finalised a plan to spin off its value retail business-discount store chains such as Big Bazaar and Food Bazaar-into a subsidiary in a bid to unlock value by offloading a stake in the group's largest business and grow it independently.

Retail Trends

Kids wear market growing healthy and fast Economic Times Brands such as Benetton, Pantaloon and Reebok have roped in popular characters like Pucca, Ben10 and Power Rangers to lure their 4-14 age-group customers. This influx will challenge niche brands like Lilliput and Catmoss in a place where they grew up.

Carnation plans to service India's burgeoning car market Livemint Two days after leaving Maruti, Khattar began working on the idea that took shape as Carnation Auto India Pvt. Ltd, a chain of car-servicing hubs across the country that has just opened its 12th station.

Retail Insight

Synchronizing Store-DC/Warehouse Demand Teradata The inability of retailers and suppliers to synchronize the effective distribution of goods through the distribution facilities to the stores has been a major impediment to both maximizing productivity throughout the demand chain and effectively responding to the needs of the consumer.