Retail Insight on October 15th 2009

October 15, 2009

News for the retail industry

 

News

UB Group looks overseas for retail chain partner Livemint Vijay Mallya's UB Group is in talks with two overseas companies for a proposed entry into India's organized retail market to gain a share of a business worth some $400 billion (around Rs18.5 trillion).

Titan to set up 300 stores by March next year Daily News & Analysis Retailer of branded jewellery and eye wear, Titan Industries would set up 300 stores under its watch business by next year, a top company official said today.

M&S, Reliance Retail joint venture to open more stores Hindu Business Line British retailer Marks & Spencer, which has a joint venture with Mukesh Ambani-led Reliance Retail, plans to open 50 new stores in India in five years.

Lite Bite Foods to invest Rs 100 crore in 3 years Hindu Business Line Lite Bite Foods, a quick service food chain, said on Tuesday it is planning to invest Rs 100 crore to open around 45 stores in the next three years across the country. Promoted by Dabur Vice-Chairman Mr Amit Burman, Lite Bite Foods currently has 40 stores and plans to add 10 outlets by the end of this fiscal.

Mega farmer meet on agri-retail business Times of India The Left Front government is likely to thrash out the procedure of agri-retail in Bengal at a mega summit for farmers and self-help-groups early next month. Last week, the West Bengal Marketing Board which had once refused to issue Agriculture Marketing Produce Control licence to retail giants like Reliance decided to seal a joint venture with the Keventer Group for agri retail.

Mjunction forays into retail space Business Standard After its success from B2B online trading platform for coal and steel, Mjunction services, a 50:50 e-commerce Joint Venture of Tata Steel and SAIL today forayed into retail space with a shopping portal straightline.In.

Retail Trends

Mumbai gets THE COLLECTIVE Fibre2fashion.com 'THE COLLECTIVE', a super premium lifestyle retail brand launched by Madura Garments Lifestyle Retail Co. Ltd, part of the Aditya Birla Group, opened its doors in the country's fashion capital Mumbai.

Premium goods back on the shelf Economic Times Just when the country's largest non-durable consumer products firm Hindustan Unilever shifted its focus from premium brands to value brands to fight back a slide in its market share, high-end, high-margin products are staging a comeback on the back of improved consumer sentiment in urban centres.

Retail Insight

The focus on consumer shopping occasions Wipro "A few manufacturers have started putting much less emphasis on channel-specific marketing / merchandising, and much more on consumer shopping occasions and need states. Are they on to something? Why or why not? What new knowledge, insights, expertise, information - and new tools/resources to elicit these - will be needed by CPG companies and retailers to meet such a fundamental shift in approach to the retail landscape? Why?"