Mukesh turns to Team Tesco to revitalise Reliance Retail
Economic Times
Mukesh Ambani has turned to a 47-year old expatriate from Tesco Thailand to turn around the fortunes of his retail venture, as rivals Big Bazaar, More and Spencer's undo their past mistakes and prepare to face a promising economy once again.
Gucci can open single-brand stores in India
Financial Express
The government has cleared the proposal to allow Gucci Group NV, Netherlands, for foreign equity participation of 51% stake in its Indian franchisee, Luxury Goods Retail Private Ltd, with an investment of Rs 1.04 crore. With the move, Gucci will now be able to enter the Indian retail market through single brand stores.
Lifestyle plans 50 stores by '13 mydigitalfc.com
Lifestyle International, part of the Dubai-based $1.5 billion Landmark Group, plans to go ahead with its expansion plans in India, despite an economic crisis blowing back in its home country. The retail chain, which entered the country a decade ago with its first Lifestyle store in Chennai, is keen to push ahead with its plan to have 50 odd stores across India by 2012-13.
Aus retailer RFG bets big on Indian market
Business Standard
Betting big on the $12-billion Indian retail market, Australia's Retail Food Group plans to make its proposed venture here to be bigger than its domestic operations, within the next 15-20 years. The company, which will enter the Indian market next year, is aiming to clock a revenue of $87 million (about Rs 4022 crore) from the country, within five years from start of operations.
Retail Trends
Delhi is 65th most expensive retail market
Press Trust of India
The national capital is the 65th most expensive retail destinations in the world with an average monthly rental of USD123 (Rs 5721) per sq ft, moving up four notches during the past six months, says a study by the real estate consultancy, CB Richard Ellis.
Pendulum swings the hi-end watch-way
Economic Times
Off-take of high-end brands has been good this year, restoring confidence in the Rs 1,200-crore luxury watch industry. Those spearheading top brands like Titan, Seiko, Citizen and Timex are upbeat about the segment during the current year. On the retail side, makeovers, brand launches and store additions are the in-thing.
Brand marketers can no longer afford to ignore the way packaging appears in the 'real world'. Packaging rarely appears as we'd like it to at retail. Instead, packages are frequently knocked over, facing sideways or backwards, partially obstructed, scrunched up or dented, or compromised by poor lighting or careless stocking.
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