Retail Insight on November 26th 2009

November 26, 2009

News for the retail industry

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News

Govt. of India denies that Wal-Mart asked for permission to invest in retail stores in India FoodBizDaily.com The Government of India said that the global retail major Wal-Mart Stores Inc. has not sought permission to invest in retail stores in India. "The US firm (Wal-Mart) has also not sought any changes to India's ban on foreign holdings in multi-brand retail," Mr. Jyotiraditya Scindia, Minister of State for Commerce and Industry, Government of India, said in the Parliament.

Kimaya in talks with PEs to sell 15% Economic Times Owners of Kimaya Studios, a Mumbai-based fashion house, are in talks with private equity firms to offload more than 15% stake in the designer retail chain that hawks labels of more than 100 designers including Rohit Bal and Manish Arora.

McDonald's turns 'desi' for profits mydigitalfc.com McDonald's has lost its 'global' flavour in India! Top officials at McDonald's India said that around 75 per cent of the menu is 'purely' Indian. In all the 182 outlets spread across the country, the `all-Indian' menu remains the top pick, the officials said.

Lilliput Kidswear wins 'SME of the Year' award Fibre2fashion.com Lilliput Kidswear Ltd, the dominant player in the Kidswear industry walked away with the prestigious 'SME of the Year Award' and 'Most Promising SME - Retail' at the 'CNBC TV18 and ICICI Bank's 'Emerging India Awards 2009'.

Retail Trends

Supply chain tangle, untangle Hindu Business Line If the retailer is not getting at least 3 per cent incremental margins, the entire cost and effort of managing the distribution centres is not worth it. And this is apart from the other components of incremental margins due to the differentiated cost structure of chain stores.

Retail Insight

IS HIGHER SHRINK INEVITABLE IN A GLOBAL RECESSION? Centre for Retail Research The global recession has affected individual countries - and various businesses within those countries - in very different ways. Cultural, legal, demographic and economic considerations vary all over the world, which means it is difficult to predict the exact response that citizens and customers will make situations like collapsing industries, lower wages and job losses. In every country, the impact of the economic downturn has come quickly, and retailers often are bearing the brunt of the impact.