Retail Insight on November 2nd 2009

November 2, 2009

News for the retail industry

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News

Pantaloon to restructure non-retail investments Business Standard Pantaloon Retail, the country's largest retailer by market value, today said it would restructure its stakes in its non-retail ventures such as financial services, brands and education, and set up a separate company for Big Bazaar and Food Bazaar, to unlock value for its shareholders and focus on its core retailing operations in the country.

Vishal promoter to exit in debt recast Business Standard Value retailer Vishal Retail's founder chairman and managing director, Ram Chandra Agarwal, will step down, according to a settlement reached with the company's lenders. The company today decided to go for corporate debt restructuring. Agarwal owns 62 per cent of the company.

UniverCell plans 700 stores Business Standard "The expansion is in line with the increasing mobile subscriber base and the likely entry of six new players into the Indian mobile services market including Datacom, Etihad, Loop, Telenor, Swan and Loop, which are expected to commence operations in the country pretty soon," Satish Babu, founder of UniverCell, told mediapersons here on Sunday.

Tata Tea exits beverage retailing, to focus on branded products fnbnews.com Tata Tea, the second largest branded tea maker in the world, will exit the beverage retailing business, including Chai Unchai, as part of the group's strategy to focus on its branded products.

AB Nuvo back in the black, nets Rs 1.4 cr Economic Times In the garments business, revenue grew 5% to Rs 341.6 crore. The unit posted an operating profit of Rs 8 crore, compared to a loss of Rs 15.1 crore last year.

Coimbatore-based retail chain, Shri Kannan on expansion mode Economic Times As the texcity is warming up to the opening of two big malls - Fun Republic and Brookfield Plaza by early 2010, the home grown leading retail chain, Shri Kannan Departmental Stores is quietly expanding its network in the Kongu region. It also plans to enter Chennai after a year.

Retail Trends

City Centre II: Mall with a difference Times of India Five years after City Centre mall in Salt Lake changed the way people shopped, ate out and spent time, developer Harshvardhan Neotia is attempting an encore with another City Centre in New Town.

Retail Insight

Bar code labeling & best inventory practices go hand in handDatamax Retailers know that in order to succeed in the marketplace, they must get maximum return on their biggest asset inventory. This means eliminating problems such as overstocking, inventory shrinkage and inaccurate inventory records.