Retailers sparkle as festival season boosts spending
Hindu Business Line
Shopping trends this year indicate a stronger movement towards modern trade and faith in established brands, says Mr Thomas Varghese, Chief Executive Officer, Aditya Birla Retail, which has seen a 25 per cent spurt in Diwali sales over average growth during this festival.
The Loot mulls IPO route to raise Rs 100-crore
Business Standard
"We plan to raise Rs 100-crore through an IPO. It will be launched in the next 15-months," The Loot's Managing Director, Jay Gupta, said here. The proceeds will be used for consolidating its retail business as well as for setting up a training campus, spread across 1.5 million sq ft area near the Maharashtra-Gujarat border, Gupta added.
Titan's Q2 profit may dip as high gold prices weigh
Reuters India
Watch and jewellery retailer Titan Industries Ltd's July-Sept net profit is likely to dip despite an increase in revenue as high gold prices hurt demand for jewellery products.
Mothercare's Subsidiary and DLF Brands Form JV
American Chronicle
Mothercare, a retailer of children's and parenting products, has reported that its subsidiary, Mothercare UK, has entered into a new joint venture in India with DLF Brands, an Indian real estate company.
With casuals, Allen Solly now wears a brand-new identity
Economic Times
Though new retail stores resulted in growth over the years, the brand needed to bite into a larger base of the youth market in a country that is getting younger. Though the brand still hinges on young men and women professionals, its extension into casuals and evening wear could also see a "secondary payoff" by appealing to a more younger crowd.
Landmark of Dubai may have abandoned hotel plan for India
Daily News & Analysis
The management of the group, which first announced hospitality plans in 2007 through its subsidiary Citymax Hotels India Pvt Ltd (CHIPL), is understood to have called off the plans citing unfavourable business environment.
Retail Trends
It's All About Managing Inventory
Forbes India Walmart has adopted a cautious strategy to build scale in India, focusing on the North initially. Raj Jain, president of Walmart India, explains.
Addressing Diversity: The Marketing Challenge in India
Wall Street Journal
While the commonality of Indian culture is reflected in the rich and ancient culture associated with its religious history and mythology, the cultural diversity manifests itself in the 27 states (geographical territories) of the country through food habits, languages spoken, religious practices within the same religion and the lifestyles of consumers.
The rapidly changing state of India's agricultural and retail markets provides Hindustan Lever with an opportunity for growth by enabling India's large agricultural sector and connecting with the growing number of middle-class urban consumers.
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