Retail insight on November 19th 2009

November 19, 2009

News for the retail industry

Previous Issues

 

News

Parsvnath plans to set up 75 hypermarkets in India & likely to tie up with Carrefour... FoodBizDaily.com Parsvnath Developers Limited, a leading real estate developer in India, has announced that the company will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail sector. The company is likely to tie up with French retailer Carrefour soon.

Pantaloon Retail eyes small food cos Times of India The Future Group-owned Pantaloon Retail is looking at acquiring small foods companies in India to bolster its portfolio in the category.  ''We are in talks with several small companies in the foods domain. These are Indian companies and have a clearly demarcated role to play,'' said Kishore Biyani, founder and CEO, Future Group.

Domino's Pizza India changes name to Jubilant FoodWorks Economic Times Domino's Pizza India Ltd, which runs fast food chain Domino's Pizza in the country, said it has changed its corporate name to Jubilant FoodWorks Ltd.

Dubai chains X-cite and Jumbo look to exit Indian retail Financial Express Three years ago, retail was the happening thing for corporates. Everyone wanted a slice of the 'future.' Now, after months of downsizing and desperation, many are hurtling to the exit door. The first ones to trigger the consolidation phase in the retail sector could be West Asian chains X-Cite and Jumbo.

LM 365 in expansion mode indiaretailing.com LM 365, the food retail format of Shri Lal Mahal Limited plans to add another 150 stores by the end of 2010.

Retail Trends

The reign of rural retail Business Standard DCM Shriram Consolidated, which runs the Hariyali chain of over 300 rural retail stores, says there was a bit of a slowdown and that 2009 growth numbers may fall short of 2008, but the sentiment has improved significantly in the last few weeks. So much so, the company says, that the issue faced by rural retail is no longer if there are buyers in the market -- it has more to do with operational efficiencies and configuring the right business model.

Retail Insight

An Overview of Retail Customer Loyalty Programs: The 7 Key Areas Leading Retailers Need to Focus on TCS With more customers choosing to do coupon and bargain shopping in the store, the reward programs that provide personalized rewards will prove to be differentiators if implemented with a laser sharp focus on targeted customer segments.