Pantaloon registers 51.07% rise in net
Livemint
Inline with market expectations, India's largest listed retailer Pantaloons Retail India Ltd registered a consolidated net profit increase of 51.07% for the quarter-ending December 31, 2009 to touch Rs 50.67 crore as compared to Rs 33.54 crore in the corresponding quarter last financial year.
Tesco kicks off in Mumbai this year
Daily News & Analysis
UK-based retail giant Tesco will open its first cash-and-carry outlet in Mumbai by the end of 2010. And unlike its bigger US rival Wal-Mart, which has tied up with the Bharti Group for its wholesale business in the country, Tesco is planning to enter the cash-and-carry business on its own.
Subhiksha stores to reopen as franchises
Business Standard
Subhiksha Trading Services, the retail chain whose stores have been closed for more than a year for lack of money, is planning to reopen some through a franchise model, say sources.
The company has had great success in tapping into a growing number of upwardly mobile and sports- and fitness-oriented populations through a spate of new products and stores - and the continued use of technology to reach its consumers, according to Managing Director of Reebok India Subhinder Singh Prem.
Ringing in change
Express Buzz
Sangeetha, one of the pioneer mobile retail brands in India opened its 25th store in the city at KR Road. To mark the launch by this retail chain, which currently has about 65 mobile retail outlets across 20 cities in southern India, were present Karnataka Ranji heroes Manish Pandey and Vinay Kumar, alongside Subhas Chandra, MD of Sangeetha Mobiles.
INDIA: Games The Shop debuts
MCV
Emerging market India is on the verge of welcoming its first dedicated national chain of video games retailer with the opening of the interestingly titled 'Games The Shop' in Mumbai's R-City mall.
Pan India Food Solutions opens third outlet of CBTL in Mumbai
HospitalityBizIndia
Pan India Food Solutions (PIFS), the Joint Venture between Pantaloon Retail India Limited and Blue Foods has launched its third outlet under its franchised brand of US chain The Coffee Bean and Tea Leaf (CBTL) in Mumbai. The company now has three outlets in Mumbai two in New Delhi, having in total five outlets in the country.
Louis Philippe looks to exclusivity through Luxure
FashionUnited India (blog)
Louis Philippe, the premium brand from Madura Garments (a division of Aditya Birla Nuvo Ltd), is now taking Luxure its ultra premium apparel line to newer cities. After launching it in Bangalore, Delhi and Mumbai, a swanky Luxure store was recently opened in Chennai.
SRS Group to expand its retail business with several new stores in the current year
TechWhack (press release)
SRS Group, one of India's leading conglomerates with business interests in real estate, multiplex cinemas, retail and food & beverages, has announced the expansion of its retail business with the launch of its second FASHION WEAR outlet at the Crown Plaza Mall in Faridabad.
BoConcept enters India indiaretailing.com
BoConcept, an international home furnishing brand having a tagline 'urban design', launched its first 7,300 square feet store in India at Mumbai's luxury mall - The Palladium. The brand has more than 246 retail outlets and 110 studios around the world.
Retail Trends
Small biscuit firms cut retailer margin
Economic Times
Soaring commodity prices have put smallsized biscuit companies in a spot, as they are forced to cut retailer margins to combat input costs and stay in business. Close to 25-30 such firms, including Bonn, Priyagold and Anmol, have dropped retailer margins by 2-5 % from mid-January.
Slowdown Impact: Companies were closing one store a day in 2009
Economic Times
"Before the slowdown, we were opening one store a day. In 2009, we were closing one store a day," admits a senior official at Future group. Indeed, 2009 saw retailers applying emergency brakes on their retail expansion plans as everyone in the business was doing a reality check on realty.
In brand wars, small cos slay FMCG biggies
Economic Times
There is a silent revolution on in the Rs 85,000-crore FMCG industry in the country: the rise of a number of small companies into national players. While it may look like a battle between David and Goliath, the small companies are growing in strength and expanding their presence, with some help from modern retail that let them share shelf space with bigger brands.
'Kirana stores to continue operations despite entry of retail MNCs in India'
Financial Express
WDespite registering handsome initial success with over 35,000 primary members at its cash-and-carry wholesale store at Amritsar, Bharti Walmart agrees that supply chains in India are very complex and take a long time to evolve. Hence, the traditional kirana stores will co-exist in the country for years.
Season's sale a big draw at malls
Times of India
While thousands braved fog and early-morning chill to watch country's military might and cultural diversity in the Republic Day Parade, an astonishingly high number flooded malls and parks as the day progressed.
This report covers food and category management style retailers (i.e. those that mostly focus on year round product) in North and South America and Europe. It focuses on technologies already in use, plans for the future, plus IT spend and investment priorities across all the main areas of the business. New to the 2010 survey is research on sustainability as it impacts IT in retail.
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