Marico to rejig kaya biz plan
Economic Times
Marico had launched Kaya skin clinics in June 2002, with the first store in Mumbai. The company has 84 stores in 27 cities in India and 15 stores in 9 cities in the Middle East and one clinic in Bangladesh. Now, Marico has called a halt to the expansion plans of its services business, Kaya Skin clinics in India and is currently reworking the business strategy.
Biyani opens community shops
Times of India
There's an increasing realisation that in India while purchasing power is a significant factor, people also shop as communities. That the needs of particular community in terms of their food or religious purchases will be the same irrespective of their bank balance. Cashing in on this premise, the Future Group is exploring a bottoms-up approach to reach the heart of local communities. The group is now setting up a first of its kind community/family shopping format in Malleswaram in Bangalore.
Ritu Wears to diversify to home furnishings, expand to smaller cities
FashionUnited India (blog)
Delhi-based lifestyle, fashion brand Ritu Wears is planning to invest around Rs 230 crore over the next four years as a part of its expansion plan across India. It's looking to open 33 large format stores and getting into home furnishings in a big way. "We are increasing our home business. It's a core product for us. We are opening independent home stores in Tier II cities and metros," says Samir Sahni, Director, JDS Apparels, the makers of Ritu Wears.
Titan to set up watch assembly facility
Business Standard
Titan Industries, which produces personal accessories like watches, jewellery, sunglasses and prescription eye wear, is set to open a new watch assembly facility in Pantnagar in Uttarakhand. The facility could start operations by February or March 2010. Holding a 68 per cent market share in the organised watch market in India, the company is looking to extend its retail presence in the country. It is making plans to add 10 Helios stores in the next 12 months.
Destination Maternity Announces Opening of Two More Maternity Shop-In-Shops in ...
PR Newswire (press release)
Destination Maternity Corporation, the world's leading maternity apparel retailer, is excited to announce the opening of two more Motherhood Maternity® shop-in-shops in India. Motherhood's trendy, affordable maternity fashions are now available for the first time at the Center Square Mall in Vododara, India and the Gulmohar Park Mall in Ahmedabad, India.
News: Food & Grocery, QSR ...
JumboKing to increase 'vada-pav' prices
ImagesFood.com
The increasing prices of food items has forced Mumbai-based 'vada paav' kiosk chain JumboKing to increase its menu prices by 15 per cent. JumboKing adds every new sub categories in their 'vada paav' menu every three-four months but is taking cautious steps in this direction.
Amul set to tea off
Times of India
They have brought milk and butter to your breakfast table and are planning to launch bread. Now, Amul will hold a complete sway over your morning breakfast by launching a tea brand as well.Some member unions of the Rs 6,711-crore Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the Amul brand, already sell tea at concessional rates to their milk producers.
Kraft-Cadbury deal: Does it hold promise?
Rediff
While year 2009 did not see any large merger in the FMCG space, one deal which did hit the headlines was the Kraft Foods (Kraft) bid to acquire Cadbury. While the final deal is yet to be signed, it would consolidate the global FMCG sector.
Retail Trends
Banking on higher returns indiaretailing.com
The 'Regional Retailers Conclave' at the India Fashion Forum '10 (IFF '10) was quite an invigorating and insightful session. Successful retail entrepreneurs from various parts of the country congregated at a single platform to discuss the learnings from success stories of franchisee and independent retail formats. Amid discussions on the better profitability between regional retail stores and multi-brand outlets (MBOs), the audience cheered to the thought put forward by Sandeep Jalan, a regional retail entrepreneur, "We (regional retailers) monitor our resources and revenues ourselves. However, the MBOs understand it through the management."
3 cheers for beauty divas
Economic Times
Beauty may be skin deep, but beauty consciousness is growing in prominence in the Indian psyche, thanks to increasing exposure and rising incomes, and the business of ayurvedic cosmetics is expanding in every direction.
Enjoying the boom among others are three women -- Vinita Jain of Biotique, Mira Kulkarni of Forest Essentials and Shahnaz Husain of, Shahnaz Husain.
Retail Insight
Migrating from cluster driven strategies to executing at a local level with store-centric performance managementRetail Touchpoints, Infosys
Cut-throat competition, razor-thin margins and increasingly demanding customers are forcing retailers to bridge the gap between headquarters and the individual store. Through headquarters/store collaboration and the use of store-centric analytics, leading retailers are getting an edge on their competitors and improving profitability.
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