Kishore Biyani's Future Group has not only learnt the recession lessons but also decided to implement them for shaping business strategy. India's largest retailer has decided to rejig its operations to just six large formats - Pantaloons, Big Bazaar, Food Bazaar, Central, Home Town and eZone.
Burberry plans to expand footprint to tier-II cities mydigitalfc.com
In the joint venture with Genesis group, Burberry will hold 51 per cent stake and the Genesis group 49 per cent. In its FIPB application, Burberry said it would like to be a 'home player' in the Indian retail sector, intending to expand beyond tier I cities to tier II cities.
Jubilant foodworks to look beyond Dominos
Livemint
Fast food chain operator Jubilant FoodWorks Ltd, earlier known as Dominos India Pvt. Ltd, is considering expansion in its brand portfolio by bringing more international food brands to the country. Jubilant FoodWorks, which is the master franchisee of Dominos Pizza in India, is currently holding discussions with several international food brands.
Koutons to consolidate business, expects increase in rev
Business Standard
Retail firm Koutons India said it is planning to consolidate its businesses by amalgamating various chains under the format -Koutons family stores. The company is also expecting to increase its revenue by 32-35 per cent this fiscal.
Retail Trends
Indian retail market to reach $535 bn by 2013: Report
Economic Times
India's retail market is expected to reach $535 billion by 2013, says a report on fashion and lifestyle franchises. "With anticipated $30 billion fresh investment over the next five years, modern retail will show impressive compound annual growth rate of 40 percent," said the Fashion and Lifestyle Franchise Report 2009-10.
Both manufacturers and retailers rely on new product launches to drive growth and help them stand out in a crowded market, yet launches are often hindered by misunderstandings regarding each partner's expectations, abilities, and timetables, threatening revenue generation and profitability.
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