Retail Insight on September 6th Oct 2009

October 6, 2009

News for the retail industry

 

News

CESC may sell 15-20% in Spencer's to PE players Moneycontrol.com CESC is in talks with private equity funds to dilute 15-20% stake in its retail subsidiary Spencer's, its Vice Chairman Sanjiv Goenka told CNBC-TV18 in an interview. The company sees FY10 retail revenues at Rs 1,000 crore, he added.

Eyeing profits Business Standard Efforts to improve cost efficiencies has reflected in better margins, which along with planned expansions should help Pantaloon sustain robust growth rates. With the worst in consumer spending behind, as fears of job-losses and pay-cuts subside, it has again resurrected the prospects of urban-focused players like Pantaloon.

S&M Kids Wear makes retail foray; eyes less-branded kids apparel segment Economic Times The company, which recently opened its first exclusive showroom in Coimbatore plans to have 27 exclusive outlets through franchisees in the south by middle of November this year.

Fitness One to raise Rs 25-crore Economic Times Fitness One is looking at a PE infusion of around Rs 25 crore to fund its expansion. The Chennai-based company has been actively scouting for private equity in the last few months.

Retail Trends

Trade month: how UK shoe retailer Pavers has made a success of India Telegraph.co.uk Stuart Pavers of York-based shoe seller Pavers has built up a network of 80 concessions and franchises across India in the last year with his partner, a UK-based Indian conglomerate.

Launch of chain stores, malls revives market in Rajkot Expressindia.com Two big malls have come up in the city within a month. A national apparel brand, a special spa lounge and a second outlet of a leading coffee chain have been inaugurated here.

Retail Insight

9 Steps in Retail Handling and Display: Potatoes Northern Plains Potatoes Retailers must know that potato quality cannot be improved after harvest, so the goal then shifts to slowing down quality loss. To slow down the loss, potatoes have to be taken care of and handled properly after leaving the producer. The following recommendations are some basic guidelines that retailers should follow to enhance the shelf life of the potatoes and maintain quality. These nine steps should be done at all times to secure a quality product for the consumer.