February 25, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Pantaloon to Combine Consumer Business With Itself
BusinessWeek
Pantaloon Retail today said its board had approved the merger of the consumer durables and home improvement units of its subsidiary, Home Solutions Retail, with itself. Under the plan, effectively four lines of business - consumer durables, home furnishing, home improvement and furniture will be spun-off from Home Solutions Retail and transferred to Pantaloon Retail India Ltd (PRIL), which holds about 67 per cent in the subsidiary. The company also said it would acquire the sports retail business from its wholly-owned subsidiary, Winner Sports Ltd.
Bulchee to ramp-up store-network, add more by '11
Press Trust of India
Atlas Brands, which retails and distributes premium brands, said that makers of leather goods and accessories, Bulchee plans to ramp-up its store-network by adding 30 more outlets by March 2011. "We will make an investment of Rs 25-30 lakh per store, covering an area of over 300-400 sq ft. It will be a mix of company-owned and franchisee stores," Atlas Brands Managing Director, Ramesh Bulchandani said.
'We aim to be most preferred brand' - CEO, Celio Future
Fibre2fashion.com
Celio, a French men's apparel brand, is mulling expansion of number of its Exclusive Brand Outlets (EBOs) and shop-in-shops in the next few months and will invest around Rs 100-150 million for the same. Currently, Celio operates 11 EBOs in major cities like Mumbai, Bangalore and Delhi and over 43 shop-in-shops in retail outlets like Pantaloon, Central & Lifestyle. "We are aiming to be the most preferred brand in men's apparel," Mr Rajat Luthra, CEO, Celio Future Fashion Ltd. said.
Bharti Retail continues with growth plan
Hindu Business Line
Continuing with its growth strategy, Sunil Mittal-promoted Bharti Retail opened two medium format stores of its 'Easyday Market' brand, on Wednesday, taking the total to five, as part of its aim to become a $1 billion company by 2015 and also increase its employee headcount substantially.
Target India is a long-term strategic asset
Economic Times
Target Corporation, the second-largest discount retailer in the US after Wal-Mart, sees its Indian operations as a vital cog in the profound shifts taking place in its global expansion. Though the $64 billion company maintains an India retail entry is still far off, it is upbeat on its Bangalore captive centre that employs 2,100 people.
Mumbai, Delhi Get Olympus Zones
Tech2
Olympus is launching its 'Olympus Zone' in Mumbai and an exclusive store in Delhi. Olympus has identified India as a key market, and aims to make its products widely available to photography aficionados. The Olympus Zone in Mumbai store is at Dr D.N. Road, Fort, and the New Delhi store is in Palika Bazaar.
Al Reyami to open 3 furniture facilities in India
Trade Arabia
Reyami Interiors, a part of the Dubai-based $367 million Al Reyami Group, is setting up three facilities in South India with an investment of $23.8 million, for producing office furniture and interiors. As part of its backward integration plan, the company has proposed to set up a facility near Chennai for making office furniture and chairs. It will set up a facility at Coimbatore for glass and aluminum and a third one at Hosur for joinery.
News: Food & Grocery, QSR ...
Domestic demand, logistical flaws to affect food prices
Economic Times
Post-March, when the rabi marketing season (RMS 2010-11) begins, both wholesale and retail prices of several farm commodities are expected to soften, further in tandem with the steady arrival of the new crop in mandis. But will the good times last? Not really, contend commodity analysts.
Retail Trends
Now comes Rs 1.3 crore pen in India
Economic Times
Austerity is passe. With the economy back on track, you can think of penning your own success story with the most expensive pen ever brought to India at Rs 1.35 crore, thanks to Swiss writing instrument maker Caran d'Ache. William Penn, a Bangalore-based retail store chain for luxury pens, which has an exclusive tie-up with Caran d'Ache, said the pen sold under the name 'La Modernista' is by far the most expensive ever introduced in India.
Long wishlist of retailers for Union Budget
indiaretailing.com
The retail fraternity has higher expectations from the upcoming Union Budget 2010, which is going to be tabled on February 26 by Pranab Mukherjee, Finance Minister, India. The recent economic slump did paralyse many sectors, including the retail industry, but at this recovery stage of economy, the retailers expect the finance minister to bring in hope with a stimulus package to boost the revenue.
Kishore Biyani's Budget wish: Incentivise consumption
Moneycontrol.com
There are less than three days to go before Finance Minister, Pranab Mukherjee presents Budget 2010. The opinion among industrial economists is still divided on whether it's time to withdraw the fiscal stimulus measures and let domestic demand stand on its own two feet. Voices are raised from various sectors of India Inc manufacturing, exports, and infrastructure. The biggest retailer in the country, Kishore Biyani, Chief Executive Officer of Future Group, spoke about his budget expectations and how the consumer confidence level is looking currently.
Retail Insight
'Changes in GST could create complete re-engineering opportunities'
Feb 9 2010, IndiaRetailNews.com
Geodis is Europe's fourth biggest logistics operator, a Group of global dimension, delivering added value logistics solutions for part or all of the supply chain. Present in 120 countries with a workforce of 26,500, the Group comprises core business divisions along with a cross-divisional entity - Geodis Global Solutions - which acts as a lead logistics provider in all sectors of activity. IndiaRetailNews.com caught up with Mathieu Renard Biron, Regional VP Asia Pacific, Rene Bach Larsen, MD India and Rajiv Singh, Global Account Manager recently in Mumbai.
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