The growing margins suggest that the belt tightening is paying off. For example, the margins of Pantaloon Retail, the country's largest listed retailer, have gone up from 9.2 per cent in June last year to 10.6 per cent in June 2009 (the latest numbers available). Others such as the Raheja-owned Shoppers Stop and Tata Group's Trent, Reliance Retail and Spencer's Retail aren't far behind.
Textile cos mull new retail plan
Economic Times
With the gradual revival of apparel retail sales globally, local majors such as Arvind and Alok Industries are exploring options to separate their brand retail business from core businesses so that a better valuation can be sought for brands, and functionality of the company also improves.
Arvind Brands in Expansion Mode; Seeks to Double Turnover
Khaleej Times
Central to the expansion strategy is the strengthening of its portfolio of international and homegrown fashion brands besides boosting retail presence across India and the GCC markets, said J. Suresh, Chief executive of Arvind Brands & Retail, a subsidiary of the Rs30 billion garments giant Arvind Mills Limited run by Lalbhai Group.
Ikea hopes to double sourcing from India
Livemint
The world's largest furniture retailer Inter Ikea Systems BV (popularly known as Ikea) may have shelved its plans to set up shop in India, but the Swedish company is keen to add more Indian suppliers to its rack.
CavinKare targets Rs 300-cr restaurant biz in 3 yrs
Economic Times
"We will try three more restaurant formats, all of which should be in place by June 2010. We will grow the business in the models that prove successful and start franchising them in the next six to twelve months," CavinKare chairman & MD CK Ranganathan said.
Mothercare extends India plans
Licensing.biz
The chain - which has 23 outlets in India - has increased its target store count from 100 to 200 following the agreement. It already has a deal in place with Indian retailer, Shoppers Stop.
Retail Trends
Hotels, mall to add glitz to airport
Times of India
Two elegant hotel towers, a mega convention centre and a sprawling mall will add more glitz to the modern Kolkata airport terminal scheduled for completion in 2012.
Since fall 2008, Walmart has been undertaking an ambitious plan to re-engineer its stores in an effort to create an environment that its 140 million weekly shoppers will find easier and more pleasant to shop. The company's efforts to improve the shopping experience also entailed a re-evaluation of its in-store marketing practices to identify programs that would better resonate with customers -- especially the "Moms" who account for more than 70% of the chain's business.
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