March 23, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Retail labels hunt for funds, but investors are wary
Livemint
As the return of shoppers to malls continues unabated, some apparel retailers are looking to raise funds in the financial year beginning April 1 to support expansion plans. But experts warn that even top labels will not find it easy to dump debt on investors, who are going to be extremely choosy about where they park their money.
Big Bazaar chain to get bigger in eastern region
Economic Times
Kishore Biyani's Future Group has decided to invest more than Rs 125 crore over the next six months to expand the Big Bazaar chain of hypermarts in the East. The latest thrust on expansion comes at a time when the group is betting on community retailing as the new business model for Big Bazaar.
'India a growth engine for Mothercare'
Livemint
Mothercare which offers apparel, toys and equipment for infants and children, operates in 50 countries through 1,100 stores worldwide. Mothercare chief executive Ben Gordon spoke to Rupali Mukherjee about its plans for India.
Luxury watches bet on India
FashionUnited
India is becoming the next big destination for luxury watch brands. Every major watchmaker is looking to expand its presence in the country. Be it Rado, Fossil or Rolex, they have all recorded a healthy growth in the last one year despite the economic slowdown. Now they want to extend their footprint by opening more outlets
Plans by Damas to open 100 stores in India hang in balance
The National
The ambitious plans by Damas to open 100 stores in India are hanging in the balance, as unauthorised transactions by the three Abdullah brothers, members of the company's founding family, have cut into the jeweller's finances
News: Food & Grocery, QSR ...
Future Group launches 'Sach' toothpaste; more products to follow
Business Standard
Future Group entered the toothpaste market with its own brand, Sach, even as it announced plans to soon launch men's personal care products under its John Miller brand. Sach is a co-brand of Sachin Tendulkar and the Future Group. It has already been used for retailing toothbrushes, launched six months ago to get a foothold in the oral hygiene market, estimated at Rs 5,000 crore.
Future group sharpens focus on food retailing
Business Standard
Kishore Biyani's Future Group is sharpening its focus on food retailing to tap the growing opportunity in the segment, said a top company executive. The group is looking at opening different kinds of food retail stores, depending on where it operates, and to acquire more to expand its presence, the executive said.
Retail Trends
Retail FDI can boost farm & manufacturing: Rajan Mittal
Economic Times
Leading industrialist and FICCI President, Rajan Bharti Mittal said allowing foreign direct investment in multi-brand retailing is critical to boost agricultural and manufacturing output in India and urged the government to open up the sector to 49 per cent FDI. Mittal, who heads Bharati Enterprises, argued that FDI in multi-branding retailing would bring the much-needed investment.
Retail rents to fall 6% further: Crisil
Business Standard
Painting a grim pictue of the retail real estate market, Crisil Research today said retail rentals would further fall an average of six per cent in 2010 due to oversupply of mall spaces
The Mantri 'shopping experience'
Business Line
With 252 retail outlets, the mall has brought international, national and even local brands literally to the doorstep. The mall has six anchor stores - the country's largest Spar Hypermarket outlet, Lifestyle, Shoppers' Stop, Pantaloon, Reliance Trends and Marks & Spencer.
Retail Insight
Retail Loss Prevention (LP) Systems
Aberdeen
Fifty-four percent (54%) of retailers report that internal theft (merchandise theft, cashier shortages, and deposit discrepancies) and the identification and investigation of organized retail crime cases are the most critical loss prevention-related business challenges facing the industry today
1 comment:
Fortunately, my store is too small to be targeted by organized crime rings. However I would still be interested in how big stores manage loss prevention aside from the use of loss prevention devices and cameras.
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