Retail Insight on December 17th 2009

December 17, 2009

News for the retail industry

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News

Gitanjali buys mid-size retail chain Business Standard Gitanjali Group is stepping up its focus in the organised retail segment. The company has acquired a 76 per cent stake in Salasar Retail, a chain of mid-size departmental stores across India and will soon re-brand the Salasar stores as Maya.

Major Brands to take its store count to 100 indiaretailing.com Major Brands India Pvt. Ltd, which is one of the franchisees for bringing in international brands to India, has signed in with different real estate developers for opening new stores of nine existing international brands - Mango, Aldo, Nine West, Promod, Charles & Keith, La Senza, Okaidi, Aldo Accessories and Inglot - in premier malls across India. It plans to reach a target of 100 stores by March 2011.

Yum Brands Bets on India's Young for Growth Wall Street Journal Yum Brands Inc. is gearing up for a major expansion in India early next year, where the restaurant chain hopes to position KFC and Taco Bell as youthful, hip brands in a nation of young consumers.

Shoppers Stop gets shareholders nod for QIP issue Business Standard Garment and apparel retail chain Shoppers Stop today said it has obtained shareholders approval to issue 40 lakh shares by way of qualified institutional placement, to garner resources for its expansion plans. The shareholders also passed a resolution through postal ballot to issue 40 lakh convertible warrants to three promoters, Raghukool Estate Development, Capstan Trading and Casa Maria Properties, on preferential basis, to raise funds for accelerating growth, Shoppers Stop said in a filing to the Bombay Stock Exchange (BSE).

Going on fourteen Business Line Cafe Coffee Day, which has entered its teens, is sporting a new look to reflect the evolution of its core consumers. Amalgamated Bean Coffee Trading Co Ltd will invest close to Rs 150 crore this financial year on the redesign of existing stores and launch of new ones.

Retail Trends

It's a scoop! No indian allowed here Economic Times Haagen-Dazs probably did not realise that a sign that was meant to tempt the Capital's creme de la creme to its premium 'international-quality' ice-creams would instead land it in hot water.

Will the shoes fit? Business Line Shoe retail is in the process of taking a giant leap with the industry not only becoming more organised but also attracting a larger number of players into its fold. Touted as the next big impulse purchase after apparel, footwear retailing is sprouting 'green shoots' in India. Eyeing the sizeable mall-hopping consuming class, manufacturers are turning retailers, either going ahead on their own or forging alliances with international partners.

Retail Insight

THE STATE OF THE RETAIL SUPPLY CHAIN: Results and Findings of the 2009 Study RILA This year's study, participated in by more than 40 major retailers, explores key issues in supply chain management. As the challenges presented by a global economic recession, ever-tightening budgets, and fluctuating fuel costs heighten, retailers are more reliant than ever on supply chain management for organizational success. Supply chain executives are being called upon to create innovative strategies that will increase efficiency and drive down costs while maintaining excellent service levels.