Retail insight on January 6th 2010

January 6, 2010

News for the retail industry

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News

Future group mulls listing value retail entity Economic Times Kishore Biyani-led Future Group, which recently hived off its value segments, Big Bazaar and Food Bazaar, into a separate entity called Future Value retail, is now looking to list this company independently. Future Group director and CEO, Retail, Rakesh Biyani said this was one of the options the company would seriously consider for funding its growth.

CLB clears Nilgiri's rights issue, says Actis Business Line Global private equity giant Actis is set to go ahead with the proposed Rs 35-crore rights issue to fund expansion of the retail firm Nilgiri's. The proposed rights issue had run into dispute after the family shareholders of Nilgiri's decided to move the Company Law Board (CLB) to block the rights issue.

Hosiery firm expects turnover to cross Rs.280 crore mark Sify Hosiery company, Dollar Industries expects to achieve a turnover of Rs.280 crore this fiscal, a senior official said Tuesday. The company's turnover was Rs.218.68 crore in 2008-09. It hopes to achieve Rs.280 crore by 2009-10 and Rs.350 crore by the end of 2010-11. Dollar Industries, which currently has three production units in Kolkata, Tirupur and Delhi, has joined hands with retail giant Carrefour and Lulus in the Gulf.

RJ Corp charts mega plans to venture into virgin Africa Economic Times RJ Corp, the diversified conglomerate owned by serial entrepreneur Ravi Jaipuria, is looking to expand in the unexplored, high-potential African market this year. The company, which owns PepsiCo India's biggest franchisee bottling business and also holds franchisee rights for KFC and Pizza Hut restaurants, plans to set up dairy businesses in Rwanda by the year-end and in Tanzania by mid-2010, through buyouts or greenfield ventures.

Planet Sports launches Wilsons Revolutionary New Racket Technology in India MyNews.in Planet Sports, the country's leading multi-brand sports and lifestyle specialty retail chain, announced the launch of Wilsons revolutionary and technologically advanced BLX series of Tennis Racket. Wilsons new racket technology, BLX, will now be in the hands of the best tennis players around the world.

Retail Trends

Cold chains are hot FnBNews.com India can become the food supplier of the world. The country has a huge opportunity to become a leading global food supplier if only it has the right marketing strategies and of course efficient supply & cold chain management.

Consumer goods retailer Viveks can give a lesson or two to biggies Economic Times The Rs 400-crore Viveks, founded by the late BA Narayana Setty and now steered by his three brothers - BA Kodandarama Setty, BA Chandrasekhar and BA Srinivasa - has earned the laurel of being a more trusted brand than the multifarious brands it sells.

RetailNet Group Releases Global 100 Retailer Forecast and Key Retail Drivers PR.com RetailNet Group has released its latest forecast of the Top 100 Global Retailers. In developing and emerging markets, the dramatic growth of the middle class in the past 10 years in markets like Mexico, Brazil, China, Russian and India will moderate and has even retrenched in the current recession, according to some indicators. These segments of the population are the key organic drivers of retail demand.

Retail Insight

Seeing Far with CPFR GXS Collaborative Planning Forecasting and Replenishment, CPFR, has been one of the most widely-recognized and appreciated, yet greatly disparaged supply chain collaboration models introduced to the retail and consumer products industry during the past decade.