Retail Insight on 11th December 2009

December 11, 2009

News for the retail industry

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News

Videocon eyes private equity in retail business The Hindu Business Line The Videocon Group promoted Next Retail is open to offloading a minority stake ranging from 15-20 per cent to private equity players to garner funds for expansion. "We are looking at raising money through private equity players but it should be on our terms and at price which is viable,'' said Mr. K.S Raman, Director, Next Retail. Having achieved a break-even status last year, the company is hoping to reach a turnover of Rs 1,500 crore this year.

Planet M set to open three stores indiaretailing.com One of India's largest entertainment and lifestyle retail chains, Planet M Retail Ltd. is set to open three new stores in Bangalore, Hyderabad and Thane. Each of the stores is expected to be over 1,000 square feet in size, as per the retailer's 'superstore format'.

Third 'Easyday Market' launched in India by Bharti Retail India PRwire Bharti Retail, a wholly owned subsidiary of Bharti Enterprises, launched its third compact-hypermarket store 'Easyday Market' in Patiala. The Easyday Market in Patiala is a 30,000 sq. ft. store offering over 16,000 quality products.

Shoppers Stop plans to expand business in metros, tier I & II cities FoodBizDaily.com Shopper's Stop Limited, the owner of India's leading food retailer Hypercity, is now in the process of expanding its stores across India, focusing mainly in the metro cities. The company is also planning to expand its business in the tier I and tier II cities in future.

Retail Trends

Darjeeling organic tea in demand in US, UK Economic Times Premium organic tea from Darjeeling, considered the finest on earth with shelf space in the US and UK coffee retailers such as Starbucks, Whittard of Chelsea and Peet's Coffee & Tea, is making grounds in new markets like Germany, Russia, Japan, China and the UAE.

Retail Insight

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