February 26, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Pantaloon Retail drives growth with private labels
mydigitalfc.com
In what seems to be coun ter-intuitive, private label br ands of Pantaloon Retail (I ndia) have been helping ki ck-start growth in categories such as breakfast cereal, so ups and toothbrushes. PRIL plans to tie up with big branded firms to exclusively launch some of their new offerings through its outlets. It will also be coming out with new product of its own private label brands to keep customers excited.
M&S's Rose Sees India, China Key to Overseas Growth
BusinessWeek
Marks & Spencer Group Plc Executive Chairman, Stuart Rose said India and China will be key markets as the largest U.K. clothing retailer expands overseas. International growth "is going to be a long-term journey," Rose said in London. India is "ideally suited to the M&S demographic," he said.
Bharti Retail enters Rajasthan
Economic Times
Sunil Mittal-promoted Bharti Retail entered Rajasthan by launching the state's first compact-hyper store 'easyday Market' in Jaipur. The company currently has 63 stores in cities across Punjab, Haryana, Rajasthan, Uttar Pradesh and New Delhi.
Bata India profit (PBT) grows by 67% in Q4, 2009, Revenues grow by 13%
India PRwire
Bata India Limited, the largest retailer and the leader in the footwear market in India, declared its best ever financial results for the quarter ending December 31, 2009, with a growth of 66.9% in Profit Before Tax (PBT) at Rs. 3,865.8 lacs against Rs. 2,316.9 lacs in the same period last year. The Company's net turnover grew by 12.9% at Rs. 28,809.0 lacs as against Rs. 25,522.5 lacs in the same period last year.
Odyssey opens SIS at Easyday Market
indiaretailing.com
Chennai-based Odyssey India Ltd, leisure store chain, opened a shop-in-shop (SIS) store measuring 1,200 square feet at EasyDay Market (a joint venture between Bharti enterprises and Wal-Mart), at Mahagun Metro Mall, Ghaziabad. The SIS will exclusively retail books.
Pure Gold plans major push into India
National
The Dubai chain, Pure Gold Jewellers, is planning an aggressive push into India over the next five years, to take advantage of the population's growing spending power and traditional affinity for the metal.
DLF converts Mumbai mall project into residential one
Business Standard
DLF, the country's largest realtor by market value, is planning to build a premium residential apartment complex at Worli in Mumbai, instead of a high-end mall project, as demand for retail spaces has come down sharply, according to a company executive.
News: Food & Grocery, QSR ...
Galloping retail prices cause for alarm
Deccan Herald
Consumers across the country may not have any respite from high food prices in the near future, even as the economy is expected to return to the high growth path quickly. Just three days after President Pratibha Patil admitted to the "unhappy pressure" on food prices, the annual Economic Survey presented in Parliament on Thursday conceded that the already high food prices could further increase over the next few months.
Mumbai's Copper Chimney restaurant opens in Dubai
Al-Bawaba
Master chefs fired up the ovens, whilst powerful aromatic flavours filled the air, as ETA-Star Retail today officially opened Copper Chimney restaurant, a culinary landmark in India, at the Emirates Hills Town Centre in Dubai. Serving flavourful and robust Indian dishes since its establishment in 1972, Copper Chimney has been India's foremost culinary landmark for over three decades.
Sweet Surrender: Can Kraft's Cadbury Acquisition Help It Tap the Indian Market?
Knowledge@Wharton
Hit by the Great Recession, Kraft's home market has been suffering, in sharp contrast to the heady double-digit expansion of its developing-market businesses. To help fan that growth, Cadbury will give the multinational something it didn't have - a foothold in India. In return, Kraft will bring a bigger array of products to Cadbury's chocolate-and-gum portfolio, while cementing the newly expanded company's impressive lead in the country's confectionery business.
Retail Trends
Bharat Rescues India Inc
Business Standard
In the last six months or so, companies cutting across sectors have discovered the importance of the rural market. With urban India in the grip of a slowdown, the rural market is helping industries like automobiles, cement, consumer electronics, textiles, telecommunications and fast-moving consumer goods grow. While urban organised retail is in pain, its rural counterpart is thriving. All of a sudden, the consumer in the laidback Indian village is being spoilt for choice.
The science & art of brands, buying & behaviour
Reuters India
A year after the world's worst slowdown, which completely disrupted consumption patterns and buying sentiments, it was time to pick some thoughts and tips from the industry's star trend-spotters to tackle the upturn. VCCircle Consumer & Brand Investment Summit 2010, which put together over two dozen expert panelists, attempted to count the pulse of the great Indian consumer and understand the real opportunity beneath the consumption theme.
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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