Retail Insight on October 23rd 2009

October 23, 2009

News for the retail industry

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News

Vinod Sawhny: Walmart helped figure out the science behind retailing Forbes India There are three or four things [among] our differentiating strategy: We wanted to be the most trusted leaders and offer the lowest prices as a retailer. We will not just promise but also deliver. So our prices at the retail store are two to seven percent cheaper than other retail stores and it's a promise.

Retail may post mixed show in Sept quarter Economic Times Indian retail companies' September quarterly performance may throw up a mixed bag with Pantaloon Retail posting profits - it sold more of its own products - while Shoppers' Stop and Titan Industries reporting losses as consumers refrained from splurging on high-priced products.

Futurebrands to start selling 'Mohena' label in 20 stores Indopia Futurebrands, a subsidiary of Kishore Biyani's Future Group, will start selling 'Mohena' range of lingerie and nightwear in 20 stores by the year-end. The brand was conceptualised keeping in mind the Indian market and climate; the fabrics are mostly natural fibres like cotton and modal.

Nilgiris revamps to up its general trade sales Business Standard Nilgiris Dairy, controlled by private equity fund Actis, has been consolidating its presence in the highly-competitive retail market by having a sharp focus on South India, a market in which the brand has a high recall. The company has rather successfully withstood the onslaught of pan-India retail chains, including Spencer’s, Reliance and Aditya Birla-owned More.

BOOKER Cash & Carry Opens its first store in Kandivali, East Mumbai Online PR News Booker India Pvt Ltd, a wholly owned subsidiary of Booker Group Plc, the largest Cash and Carry operator with 173 stores in UK, opened its first store in Cash and Carry format in Mumbai. Around 35,000 sqft store was officially launched last week, in the western suburbs of Mumbai. The store in Kandivali-East, near the Mahindra and Mahindra factory has had a total investment of Rupees 8 Crore.

Cucine Lube to open 9 more outlets in India Business Standard Italian modular kitchen company Cucine Lube today said it plans to strengthen its retail presence in India by opening nine more outlets across the country by 2011. The company, which currently has four outlets in India, also introduced range of modular kitchens at its store located in the capital.

Retail Trends

Selling luxury goods to Indian consumers Livemint Several retailers have taken a leap of faith and set up large outlets in luxury malls exclusively dedicated to the pursuit of hedonism. A closer look at the nature of the Indian luxury market may have been useful before they did so. Indian consumers appear to have brought even the most rarified of brands to their knees with their skeptical approach to the buying process.

Winning over shoppers with sound ethics Retail Week Retailers are often the media's whipping boys when it comes to the treatment of employees abroad, but many are putting something back and reaping the benefits, says Sara McCorquodale.

Retail Insight

Textile & Apparel Industry: Building Sustainable Businesses in the Growing Domestic Market Technopak It is evident that the Indian consumer is ready for change, demanding options and looking out for product that suits and matches their needs and aspirations. With the back drop of changes, Indian apparel market is moving away from the traditional segmentation to a much deeper and wider segmentation based on consumer needs. Indian apparel market can be broken up into men, women and kids, but within each there are a number of segments that are emerging reflecting changing needs.