Retail insight as on 26th March 2010

March 26, 2010News for the Retail industry










Previous Issues



News: Apparel, Specialty, CDIT ...



Shoppers Stop sees turnaround

mydigitalfc.com

Following losses of around Rs 65 crore in the last financial year, brought on by slowdown, retail major Shoppers Stop now expects to post a profit of Rs 45 crore this financial year.





Retail brands may hire more as shoppers return

Livemint

As shoppers return on the back of increasing consumer confidence, branded stores will likely see a net addition of 200,000 people to their headcount in the next one year, according to the industry body Retailers Association of India.





Trent looking at repeating Westside story with Zara

FashionUnited India

Trent the makers of the brand Westside, one of India's largest and fastest growing clothing retail chain, are set to increase their pan India presence. In the financial year of 2010-11 they plan to add 12 to 18 new stores. The average store size would be around 20,000 sq. ft





Lotto to invest $10 mn in India

Economic Times

Italian sportswear maker Lotto is planning to spend $10 million over the next five years to corner 7% of India's branded sports apparel and equipment market. "India is among the top 10 markets for the company and it will be among the top five within the next five years," Luca Tomat, business unit director of Lotto, Asia Pacific, told ET.





US-based surveillance system makers cash in on rising thefts

Livemint

India tops the 2009 Global Retail Theft Barometer, a survey conducted by UK-based Centre for Retail Research in 41 countries. It says Indian companies lost $2.6 billion (Rs11,856 crore) largely due to theft, or 3.2% of total sales, compared with the global average of 1.5%.





News: Food & Grocery, QSR ...



'Cost factor is not a disadvantage for us'

Financial Express

India is one of the fastest growing market for fast food products. Ajay Kaul, chief executive officer, Jubilant FoodWorks Ltd, the master franchisee for Domino's Pizza, shared with FE's Neha Pal the company's plans to cross the 500 outlet-mark in the next three years









Nature's Basket turns focus on Delhi

indiaretailing.com

Nature's Basket, the retail venture of the Godrej group, has recently opened its two outlets in Delhi at Defence Colony and Greater Kailash (GK) market. The group has further plans to launch six more stores in Delhi within this year (2010)





Cocoberry to expand in North

Sify

Managing Director of the company, G S Bhalla, said that an investment of over Rs 100 crore had been earmarked for the expansion that would help the brand penetrate into most of the towns in India





Retail Trends



Retailers take on FMCG firms with private label push

Business Standard

Big retailers such as Future, Tata's Star Bazaar, Aditya Birla's More and Spencer's Retail are increasingly taking FMCG companies head on, with entry into newer categories, aggressive marketing and brand push in a bid to push margins and profits





Tide in short supply at retail stores after war with Rin

Livemint

Tide Naturals detergent powder from Procter and Gamble Home Products Ltd (P&G) seems to have gone off retail shelves in the past two weeks even as its manufacturer is locked in a fierce battle with Hindustan Unilever Ltd (HUL), the maker of Rin, Surf and Wheel detergents.





Retail Insight



Precision, Prudence and Passion

Arc Worldwide

People used to walk into a store and buy a television, but times have changed. Today, a shopper may research TVs in magazines and online, browse a store circular delivered in the mail, go to the store, and while there check for online prices on a smartphone, maybe even order the set online, and pick it up in the store