RPG opens flagship cafe in Bangalore
Deccan Herald
The retail business of RPG group, which runs supermarkets under the Spencer brand, on Thursday, launched its first flagship cafe in Bangalore on M G Road. The cafe was launched in a franchise arrangement with Au Bon Pain, the Boston-based bakery cafe chain, which has more than 250 outlets in the USA, South Korea, Taiwan and Thailand.
New year, new look by Arrow!
Times of India
Arrow, the leading American apparel brand, unveiled its new identity at the relaunch of its store at Chowpatty, Mumbai. Keeping up with the tempo of the changing landscape of retail and space design and bringing in international fashion trends and signature craftsmanship, the store is all set to become the latest fashion destination of the city.
Gitanjali Gems unit to add 40 multi-format stores
Reuters India
Gitanjali Lifestyle, a unit of Gitanjali Gems will add 40 multi-format stores under its 'Maya' brand over three years and expects a revenue of 10 billion rupees from multi-format stores, a top official said. The firm would spend 700-800 million rupees annually over three years for retail expansion under the 'Maya' brand, chief executive Devasish Dutta said.
Magnet stores run into trouble with suppliers, shut down
Moneycontrol.com
Homecare Retail's chain of supermarkets, Magnet is in trouble with regard to payments to its vendors. Most of the stores have been shut and the vendors have not been paid for more than a year.
Retail Trends
Retail consumption upbeat despite soaring prices
Economic Times
Retail consumption trends in both rural and urban households remain upbeat despite soaring food prices, signalling the Indian consumer's confidence in the economy, top industry officials have said. Value retail formats such as Big Bazaar, Food Bazaar, More and D'Mart are trying to cushion the impact of inflation on demand by stepping up bargains and discount offers across product categories that have been hit hard by spiralling prices.
Success Mantra of 'Mall culture' in the country
Economic Times
While the mall culture in India is surely rising, the moot question is, how many of them succeed in what they set out for. As organised retailing in India grows, tier II and tier III cities, especially, are seeing hectic activity in the mall space.
Retailers that offer high-margin items, such as consumer electronics, jewelry and haute couture have set the stage as the early adopters of RFID-enabled item tracking. Others are following suit, adding increased functionality to their solutions to provide their buyers and trading partners more than item-level visibility. These retailers are pursuing a new dream: item-level intelligence.
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