Vishal Retail to rope in strategic investor
Economic Times
Vishal Retail may bring in a strategic investor as part of pre-conditions laid down by banks to restructure its huge borrowings worth Rs 750 crore, a top company executive said on Monday. This could be through a mix of new issue of shares and promoters selling a part of their holding that could lead to the exit of current promoter RC Agarwal from the retail firm.
SC to give directions in Subhiksha case
Press Trust of India
The Supreme Court today hinted that it will ask the Madras High Court to hear together the winding up and the merger proceedings of cash-strapped retail chain Subhiksha Trading Services Ltd with Blue Green Construction and Investments Ltd.
Pantaloon may merge Home Solutions
Daily News & Analysis
Pantaloon Retail (India) Ltd is looking to merge its subsidiary Home Solutions Retail with itself in a deal pegged at Rs 700 crore, even as it plans to launch a new private label brand over the next one month.
Koutons fashions retail success around Tier II Indian cities
Fibre2fashion.com
Undoubtedly, metros contribute majorly to most of the retail industry's financial success, but Koutons definitely eyes Tier II and Tier III cities for the 'real' figures. Mr. DPS Kohli Chairman, Koutons Retail India Ltd. said, "The biggest contributor to our sales continues to be the metros. But over the last couple of years, lifestyle of the people in small towns and cities has undergone a change and as a result, these cities are fast assuming an important role in the growth story of retail companies."
Pantaloon restructuring may make it attractive to investors
Livemint
Analysts have welcomed an announcement last week by the Future Group, which controls Pantaloon Retail (India) Ltd, the country's largest publicly traded retailer, that it will restructure its businesses into three categories--retail, financial services and allied services. Although the group has not yet detailed the specifics of the restructuring, it is clear that it will hive off its flagship Big Bazaar stores, which accounted for 65% of Pantaloon's revenue of Rs6,347 crore in the year ended 30 June, into a separate subsidiary.
Retail Trends
Sportswear companies making fashion statement
Economic Times
Traditional sportswear brands such as Nike, Adidas and Reebok as well as casualwear brands such as Puma and US Polo are fighting it out in the latest fashion segment, sports lifestyle, which promises the look everybody is chasing: modern, hip, sexy and, of course, sporty.
Retailers hitting the country road
Daily News & Analysis
Large retailers including S Kumars Nationwide, Reliance Retail, Arvind Ltd and Spencer's Retail are hitting the country road in their quest for higher margins which are dwindling in the larger but saturated urban markets. The $390 billion Indian retail industry, which is projected to grow at a compound annual growth rate of 8-9% over the next 4-5 years, is finding a greater comfort level operating in villages where rentals are a fifth of the urban areas, and manpower costs much lower.
In the rapidly changing Asian markets, a retailer's Fresh Food offer is one of the most critical success factors, and a key competitive differentiator. Fresh Food Categories, such as Vegetables, Fruits, Poultry, Fish and Meat are the critical store traffic and shopping frequency drivers that attract consumers and create additional opportunities for retailers to engage with their customers in other grocery categories.
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