Shoprite calls off JV with Nirmal lifestyle
Economic Times
Shoprite Holdings, the South Africa-based retail heavyweight has called off its franchisee deal in India with real estate developer, Nirmal Lifestyle Group, top officials close to the development said. Kishore Biyani led Future Group is now buying out Shoprite's single hypermarket in Mumbai with its existing employees to set up a food store which will be rebranded as Food Republic.
Vishal Retail's Ambeek Khemka resigns
Expressindia.com
Taking the industry circles by surprise, city-based Vishal Retail on Wednesday said its Group President Ambeek Khemka has resigned from the company. The development comes at a time when the retail major's lenders are undertaking a debt restructuring programme to revive the company's financial situation.
Subhiksha takes a cash-&-carry path
India Today
Debt-ridden retailer Subhiksha Trading Services Ltd will begin its second innings on Wednesday, when it will reopen its first store in Chennai. However, this time around the organisation will operate as a cash-and-carry model. "Subhiksha's model will be different this time around and will not directly engage with customers," said an industry source.
UK consultant to help India roll-out for M&S
CIOB International News
UK consultant Gleeds has won a contract as programme manager for the roll out of new Marks and Spencer stores in India. The new stores will be located in shopping malls across the country and will each cover around 20,000 sq ft.
INTEX SQUARE now at Amritsar, opens 11th exclusive retail store
PunjabNewsline.com
Intex Technologies has added its 11th store in the small format retail chain by the name of INTEX SQUARE. It has opened Wednesday an exclusive outlet at Amritsar, Punjab. The company made a debut in the Small Format Retail segment in Sep, 2009. Intex has planned an investment of more than Rs. 100 crores for the INTEX SQUARE initiative up to the period ending March, 2011.
Maggi: Best of both worlds
Business Standard
Nestle is keeping the buzz alive in both urban as well as rural markets through frequent launches of new flavours at lower price points. Maggi, the dominant leader in the instant foods market for over 25 years now, is not taking any chances. That explains why Nestle, the company that owns the brand, is constantly adding a new buzz around it - both in the urban as well as rural markets.
GSK Consumer enters into noodles segment
Hindu Business Line
Global FMCG firm GlaxoSmithkline Consumer Healthcare on Wednesday announced its entry into the noodles segment, with aims to capture 10 per cent of the estimated Rs 1,000 crore organised noodles market within a year. The company launched its noodles under the popular Horlicks brand named 'Foodles' that is expected to compete with market leader 'Maggi' from Nestle.
Retail Trends
On buying spree: End of the season discount
Economic Times
It's that time of the year again when brands such as Reebok, Shoppers Stop, Marks and Spencers start clearing inventory by offering discounts between 30-60% on their apparel and accessories.
Premium office space demand up; retail recovery lags a bit
Financial Express
Driven by recovery in the economy, demand for premium office space in the metros has improved during the December 2009 quarter, according to a report by Jones Lang Lasalle Meghraj (JLLM). However, the same for real estate used by retailers, including malls, is recovering at a slower pace, the study has said.
The New Generation of Indian Convenience Foods
Village Voice (blog)
Just a generation ago, Western-style fast food and convenience food was very rare in India. Fast and convenience foods are on the rise in India in part because of a growing urban middle class that works long hours and doesn't have time to go to the market everyday. Many of the Indian-made frozen and packaged foods are surprisingly good, better than their American equivalents, at least, although no one would say they even approach the real thing.
When Procter & Gamble (P&G) unveiled its "store back" strategy last fall, the global brand sent a clear message to marketers: Any new advertising message or program must drive shoppers to action at the store level.
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