February 18, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Retail wants industry status, hike in FDI limit in Budget
Times of India
Barely recovering from the slump in the economy, organised retailers in the country today said the sector should be given industry status, besides easing foreign investment norms in the forthcoming Budget.
Odyssey redraws its focus
indiaretailing.com
Chennai-based leisure retailer, Odyssey India Ltd, a 100 per cent subsidiary of Deccan Chronicle Holding Ltd, has shown its growth trajectory across verticals and formats. It launched its 11th store in Chennai, taking its total store count to half-a-century. "We now have large format stores in Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra and Delhi/NCR... and are still looking at more options in Mumbai, Delhi and Bangalore," an official said.
India is very important part of current and future for Marks & Spencer
Economic Times
Marks & Spencer is repositioning itself a notch down as a mid-market aspirational brand in India, as the iconic British retailer bets on overseas markets such as India and China to stage a turnaround. "Our brand positioning in India should be the same as in the UK," said Sir Stuart Rose, non-executive Chairman of M&S. India is a very important part of the current Marks & Spencer and the future M&S, he said.
FUJIFILM takes retail route, consolidates its presence in the India
TechWhack
FUJIFILM has recently tied up with large format retail (LFR) chains of repute in the country, such as Chroma, Reliance Digital, eZone, More and Jumbo Electronics. FUJIFILM intends to have retail presence across the country. The focus, besides the four metros, is on 18 other tier-I and tier-II cities.
Celio to launch S/S '10
Images Fashion
Celio is ready to launch its Spring/Summer '10 collection, introducing its 'Traveller Sportswear' and 'Traveller Casual' range. Founded in 1978, by Marc and Laurent Grossman, Celio is a market leader in men's ready-to-wear clothing in France. In India it has a 50.01:49.99 joint venture with the Kishore Biyani led Future Group. The brand is retailed through exclusive brand outlets and select stores of Pantaloons and Central.
News: Food & Grocery, QSR ...
Capital Foods keen to pick up stake in Chordia
Financial Express
Capital Foods, a fast moving consumer goods (FMCG) company, is in talks to buy Pune-based processed foods company Chordia Food Products Ltd, which sells pickles, ketchups and instant mixes under the Pravin brand. Kishore Biyani's Future Ventures and the celebrated chef Sanjeev Kapoor hold 33% and 10% stake, respectively, in Capital Foods. The rest is held by Ajay Gupta, the founder of the company that owns brands such as Ching's Secret, Smith & Jones, Mama Maria, Raji and Kaeng Thai.
PepsiCo India opens 'Smart Choice' cafes
Business Standard
Food and beverages major PepsiCo India is in the process of launching its own cafe outlets in New Delhi and four other cities by the end of the year. Christened 'Smart Choice', the company launched the first such cafe in Chennai recently. Smart Choice Cafe will cater to students on the campus for healthy breakfast choices.
Retail Trends
Retail sector to take time for full recovery: CBRE
Business Standard
The Indian retail sector that has been reeling under the economic downturn will see a positive trend in consumer spending this year but its full recovery will take some time, according to global consultancy firm CB Richard Ellis (CBRE)
Rodney Fitch in retail design education move
Design Week
Fitch founder, Rodney Fitch has been appointed professor of retail design at Delft University of Technology in the Netherlands in a move that promises to create a new model for the study of retail and retailing. Fitch will also oversee an outreach retail course in Mumbai, which is aimed at giving local and Western practitioners a formal qualification. The Delft Mumbai course is due to start in April.
Pick up your IPL ticket from a grocery store near you
Hindu Business Line
Indian Premier League tickets can now be picked up from the nearest grocery store, thanks to their franchisees which have tied up with retail outlets for the exercise. Rajasthan Royals, for instance, has joined hands with Suvidhaa which has nearly 18,000 outlets across the country. Similarly, Reliance Industries which owns Mumbai Indians will have tickets for sale in Reliance Fresh Stores in Mumbai and parts of Maharashtra. Kings XI Punjab tickets will be sold at Reebok stores, the official apparel sponsor of the team, and Hot Millions, a coffee shop chain in Punjab, say reliable sources.
TV companies bet big on hockey Cup, IPL
Economic Times
A long drawn-out calendar of big sporting events could be just what the doctor ordered for colour television makers looking to egg on consumers' growing preference for high-end models such as liquid-crystal-display (LCD) and three-dimensional (3D) TVs. Though TV makers such as LG Electronics, Samsung and Videocon typically see a sales uptick of up to 20% during a mega sporting affair, the long run of sports events, complemented by a burst of launches and aggressive marketing, has soared their sales ambitions even higher this time.
DIAL to project Terminal 3 as premium shopping destination
Livemint
A massive marketing campaign will precede the July opening of New Delhi airport's third terminal. The retail area at Terminal 3 (T3) is nearly the size of three football fields and will be pitched as a shopping destination, rivalling the spread at the Dubai and Singapore airports. "We have to excite the consumers that T3 is an alternative choice for retail," said Suredj Autar, chief of commercial and strategic development at Delhi International Airport Pvt. Ltd (DIAL).
Retail Insight
Touching the Elephant
Hoyt and Company
If shopper marketing is the "elephant," many of the industry participants surrounding it are the "blind men" -- too often lacking perspective as to what it is and yet bedazzled by its potential. Each sees shopper marketing based on a particular experience or opportunity but cannot see it for what it is
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