Retail Insight on November 23rd 2009

November 23, 2009

News for the retail industry

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News

FIPB defers Gucci's stake buy proposal Times of India Italian designer goods maker Gucci's proposal to pick up a majority stake in its Indian franchisee has been deferred by the government, after the Department of Industrial Policy and Promotion (DIPP) sought further examination.

Pantaloon Retail raises Rs 500cr via QIP Moneycontrol.com Pantaloon Retail has raised Rs 500 cr via a qualified institutional placement (QIP).

EMI scheme will be trendsetter in organised retail Business Standard Today, with a leading share of the premium and super-premium branded denim market, it banks heavily on product innovation and a superior retail experience to drive growth. Levi Strauss India marketing head Shyam Sukhramani spoke to Sreeradha D Basu about product innovation and how Levi's is trying to excite the Indian youth.

RBI admits Vishal Retail debt plan Daily News & Analysis Vishal Retail Ltd's proposal for debt recast has been admitted by the corporate debt restructuring cell of Reserve Bank of India

M&S Buying chief votes for accessible fashion indiaretailing.com "Value is essential in fashion because fashion has to be accessible," remarked Adam Colton, head of Buying for Marks & Spencer at the 25th IAF World Apparel Convention 2009.

Two Chiefs Leaving Wal-Mart International Ops Wall Street Journal Wal-Mart Stores Inc. (WMT) has lost two key international chiefs in recent weeks, from its burgeoning Latin American operation and its nascent Russian business.

Retail Trends

Global luxury apparel retailers eyeing Indian mkts Economic Times The fashionista dream is alive and kicking. But it's no longer strictly elitist! With the US and Europe still grappling with recession,global luxury apparel retailers are eyeing markets like India, which has put itself firmly on the path of recovery. While retail chain major Shoppers Stop is all set to launch Playboy brand of unisex wear, textile conglomerate S Kumars group is bringing in three international brands by the end of this fiscal.

Smaller firms get a toehold on retail shelves Livemint The growing rift between big box retailers and large consumer goods companies has created an opening for smaller companies that are vying for shelf space in large stores and for a bigger share of household budgets.

Cadbury aims for a bigger bite of Indian market Livemint Even as US-based Kraft Foods Inc. and other likely bidders emerge for the world's second largest confectioner, Cadbury Plc is renewing its own bid for the Indian consumer with hopes to raise its market share in the subcontinent.

Retail Insight

Breaking the Employee Turnover Cycle - Best Practices Guide for Employee RetentionCanadian Food Industry Council Business managers have struggled with employee turnover for decades. It has proven especially problematic for a handful of sectors, including the food retail/wholesale industry. Based upon 2007 research conducted by the Canadian Food Industry Council (CFIC), the overall employee turnover rate per 100 employees is 391, compared with 22 on average for Canadian businesses overall.