Retail insight on December 31st 2009

December 31, 2009

News for the retail industry

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News

Samsonite eyes majority stake in Planet Retail NDTV.com Samsonite is ready to buy majority stake of Planet Retail. Dr Ramesh Tainwala, President, Greater Asia, Samsonite, who owns 40 per cent in Samsonite Asia, not only wants to sell bags, but also what's packed inside them. To make that happen, he is buying a majority stake in lifestyle retail company Planet Retail, which has exclusive franchisee for over half a dozen international brands in India like Lacoste, Timberland, Lambertson Truex and American Tourister.

Samsonite to spend Rs 100 cr on expansion, marketing Business Standard The luggage and accessories major Samsonite today announced a Rs 100-crore retail expansion and marketing plan for the next year, including opening 200 outlets across the country. "We plan to invest Rs 100 crore for brand-building and retail expansion in the domestic market," Samsonite President, Greater Asia, Ramesh Tainwala said.

Shoppers Stop allots 40 lakh Warrants Equity Bulls Shoppers Stop Ltd has announced that the Committee of Directors (Preferential Issue) at its meeting held on December 29, 2009 has, pursuant to the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, allotted 4,000,000 warrants at a price of Rs. 307.18/- each.

Mall owners rope in global consultants to manage retail assets Economic Times Even as rentals for malls, one of the major cost factors for retail companies, seeing a major shift from the property-selling model to a leasing- and revenue-sharing model, mall owners are roping in international consultancy firms such as Jones Lang Lasalle Meghraj (JLLM), WT Retail India and Property Zone to manage their retail assets

X'mas, New Year see jump in gift item exports Economic Times With the Western economy back on the revival track, the New Year is set to ring in glad tidings for India's exports. Global retailers such as Wal-Mart, Macy's, Tesco, Marks & Spencer too have upped their sourcing from the country this festive season.

Retail Trends

Retail: The wonder decade Economic Times The transformation of retail in the post-liberalisation decade was dramatic. It not only forever changed our consumption habits and patterns, but also left indelible imprints on the landscape of our cities in the form of monstrous malls and superstores.

The Private Label Wave Enters Indian Retail Stores TestFunda - MBA Test Prep With the retail chains beginning to establish themselves by reaching critical volumes, the next step of the classical retail story begins with the introduction of private labels. The product mix is decided strictly on the basis of local tastes and is designed to cater to the majority than the significant well-paying minority.

Retail Insight

Defying the Recession with Private Label Best Practices Eqos During this time of economic uncertainty, retailers face especially tough challenges, but this can also be a time of opportunity. Some retailers, such as Kohl's, Tesco, and Zara are defying the recession by reporting both increased revenues and higher margins - as they continue to invest in expanding their businesses. What do these major players have in common? Each company boasts a successful private label program that is delivering bottom line results.