Retail Insight on December 29th 2009

December 29, 2009

News for the retail industry

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News

Retailers upbeat on 2010; line up Rs 600 cr for investment Business Standard The country's largest retailers - Future Group, Spencer's Retail and Shoppers Stop, have lined up investments of at least Rs 600 crore for 2010. For Shoppers Stop, while 2009 was a "cautious" year, 2010 is likely to see more expansion. Shoppers Stop invests Rs 10-12 crore per store, which works out to investments worth Rs 100 crore in 2010. Likewise, Pantaloon Retail, the country's largest retailer, plans to spend nearly Rs 400 crore for expansion of its various retail formats by June 2010, to add up to 2.4 million sq ft of retail space.

Pan India Food Solutions plans major expansion in India HospitalityBizIndia Pan India Food Solutions (collaboration between Pantaloon Retail India Ltd and Blue Foods Pvt Ltd) plans to expand its different brands in India. The group, which currently has a turnover of Rs 100 crore, plans to increase the turnover to Rs 300 crore in the next two to three years.

Consumer Spending in India is back on track: Bhaskar Bhat Financial Express Consumers are willing to spend even in November and December. While in July-August, it was mass brands that were doing better, of late even the top-end brands like Titan are growing.

Cadbury: Brand refresh Business Standard The ever-familiar Cadbury Dairy Milk chocolate has changed its stripes. Lest you miss the new packaging that a bar of the chocolate will now sport, Cadbury, the country's largest chocolate maker, has lined up a charm offensive to grab more of your attention.

Back to its roots Business Standard After being venerated as an IT czar, Wipro is slowly but surely gaining ground in the FMCG space, its original thrust area. Wipro is the third-largest Indian-owned fast-moving consumer goods (FMCG) company after Nirma and Dabur. Wipro Consumer Care and Lighting, the FMCG and lighting products arm of the company, is likely to end 2009-10 with sales revenue of Rs 2,500 crore.

Retail Trends

Retailers add value to year-end offers Economic Times If retailers and marketers resorted to panic discounts last year-end to boost sales, this year it's all about enticing bargain shoppers with lucrative deals. Value-added deals are the flavour of the shopping season for retail majors such as Future Group, Shoppers Stop and Spencer's, durable makers such as LG, Philips and Godrej Appliances, and even lifestyle brands like ITC Wills Lifestyle.

Retail Insight

An Overview of Retail Customer Loyalty Programs: The 7 Key Areas Leading Retailers Need to Focus on TCS Reward programs are intended to exactly deliver this - be able to track and reward customer behavior. Statistics also indicate that consumer participation in rewards programs is on the rise across all demographic segments. With more customers choosing to do coupon and bargain shopping in the store, the reward programs that provide personalized rewards will prove to be differentiators if implemented with a laser sharp focus on targeted customer segments.