Shoppers Stop posts Rs 19-cr net
Economic Times
Festival sales and cost-cutting has helped lifestyle retailer Shoppers Stop to return to the black in the December quarter. The retail arm of K Raheja group has recorded a net profit of Rs 19.2 crore in the December quarter against a loss of Rs 20.5 crore in the year-ago period. Gross turnover, during the period, rose by 15% to Rs 427.4 crore.
Alok inks Rs 45-cr PE funding for its cash and carry biz
Economic Times
Textiles major, Alok Industries, will dilute a 33 per cent stake in its subsidiary, Alok H&A, in return for a Rs 45 crore infusion from Asiabridge Fund 1 LLC. The funds would be used for expansion and working capital purposes, he said. Alok H&A plans to have a 1,000 store network in the next four years from the present 154, all on a dealership basis.
Pantaloon same-store sales in lifestyle segment up 11%
Business Standard
Pantaloon Retail has returned to a double-digit growth rate in same-store sales (SSS) in the lifestyle segment. The country's largest retailer, which saw either a decline or a single-digit growth rate at best in SSS since November 2008, posted an increase of 11 per cent for the December quarter, aided by higher consumer spending in the category.
Koutons Retail Q3 profit up 18.63 pc at Rs 15.79 cr
Economic Times
Apparel chain Koutons Retail India on Friday said its net profit rose by 18.63 percent to Rs 15.79 crore in the third quarter ended December 31, 2009 over the same period last fiscal.
Madame opens store in SN Market, New Delhi indiaretailing.com
Madame, one of the leading brands in women western wear, has opened one store in Sarojini Nagar market, New Delhi. The store, housed in 550 sq ft, will offer a person comfortable choice for acquiring clothes that one likes.
'We see ourselves as a high-street brand in India'
Financial Express
A premium designer, retailer and manufacturer of women's wear and accessories, British brand Aftershock has been catering to a niche audience for well over 15 years. Dheeraj Harjani, Creative Director, Aftershock London, was in India recently to visit a new store in Pune. In an interview, he shared the company's plans in India and its expansion plans globally.
Skoda goes in for boutique shops
Business Standard
Premium carmaker SkodaAuto India, has launched its limited series of boutique showrooms in India. What is unique is that the showrooms (Skoda launched the second one in Mumbai last week), are not about selling cars, but to promote the brand. The boutique shops will have one car displayed inside, while the rest of the space will showcase a wide range of lifestyle products such as Skoda T-shirts, kit-cars, fashion and car accessories.
News: Food & Grocery
Yum! eyes huge growth in India
The Spokesman-Review
Already established in China, Yum! Brands, operator of Pizza Hut, Taco Bell and KFC, recently outlined its growth plans for India. The company intends to open 1,000 fast-food outlets by 2015. While investors invariably think of China when it comes to overseas growth, they need to look at India, too.
Retail Trends
Thoughts of fashion industry stalwarts indiaretailing.com
The final session of tenth edition of India Fashion Forum '10 held in Mumbai, Fashion Brands Conclave, had an interesting mix of retailers on the stage. There were ethnic, western wear, jewellery as well as footwear retailers to share their views and years of experience of the fashion industry as key takeaways from the forum.
Patiala realty: Retail tale again gets interesting
Economic Times
Patiala, located at an hour's drive from state capital Chandigarh, is seen in a very different light, holding a promise of a blossoming future. The city is drawing a good deal of retail players who foresee the city as becoming one of the centres of development after Amritsar, Ludhiana and Jalandhar.
Office space, retail segment poised for comeback
Times of India
A recent research conducted by consulting firms in the realty sector have shown that the return of the IT sector and IT-enabled services and an overall positive perception about economic recovery has had a benign impact on the city's commercial real estate sector, including the retail space.
FASHION RETAILERS CHASING THE COOL QUOTIENT OF FASHION
Webnewswire.com
The day two of India Fashion Forum 2010 (IFF) saw a very engaging panel discussion on Fashion Dynamics. Panelist Sanjeev Mohanty, MD Benetton India observed that every one was chasing the cool quotient of fashion. He emphasised his point through an interesting presentation on the major fashion influencers i.e. media, fashion magazines Bollywood movies like Wake Up Sid and Jab We Met, Hollywood figures like Justin Timberlake and Twilight - the film.
For years, point-of-sale (POS) systems have played a key role in the operations of retail organizations. The systems let retailers quickly and accurately collect sales and customer information. This information is then used by enterprise resource management (ERP), supply chain management (SCM) and customer relationship management (CRM) systems to keep accurate inventory supplies in stock and to support customer focused programs such as rewards and loyalty programs.
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