March 4, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Metro plans six outlets in Punjab
The Hindu
Metro Cash and Carry, part of the German group operating in 30 countries and with 2008 sales of euro 33.1 billion, is finalising plans to expand into Punjab. Metro Cash Director, Ajay Sheodaan said, "We have planned to open six outlets there over five years, investing Rs.900 crore.'
Birla mulls foray into 'cash & carry' biz
NDTV.com
India's Aditya Birla Retail is planning to expand in to the 'cash and carry' business. The move is part of its strategy to have a 360-degree presence in the retail sector. It is already present in hyper and super market formats.
Reliance Trends to add 1.5m sq ft retail space
mydigitalfc.com
Reliance Trends, the large format apparel store chain of Reliance Retail, will add 1.5 million sq ft retail space as it opens over 80 stores by March 2012. A considerable number of stores sized 15,000 to 25,000 sq ft will come up in the land bank available with Reliance Retail, the rest on leased and rented spaces.
Aditya Birla Retail plans 'more' units
Economic Times
Aditya Birla Retail plans to invest Rs 1,800 crore over the next eight years to scale up its 'More' hypermarkets across the country. It looks to open one store per month at an investment of around Rs 20 crore, said Thomas Verghese, CEO of the company.
Celio on an expansion spree
Fibre2fashion.com
Celio, the hi-fashion French men's apparel brand has launched the two more stores in Mumbai at Colaba & Vashi (Inorbit Mall). Said Rajat Luthra, CEO, Celio Future Fashion Limited, "We are excited with the momentum and we look forward to Celio becoming the key destination for all the fashion lovers."
KKCL launches new jeans wear
Business Standard
Mumbai-based Kewal Kiran Clothing Limited (KKCL), known for its Killer and Lawman brands of men's wear, launched its unique 'Y-Fi stitch' jeans wear under its Lawman Pg3 brand. Company sources said the limited and exclusive edition of the new men's wear product would be available only at the 89 K-Lounge stores and the exclusive outlets of the Lawman Pg 3 across the country, including nine K-Lounge stores in Orissa.
News: Food & Grocery, QSR ...
VG Siddhartha Closing $75M First Round PE Deal In Coffee Day Holdings
VC Circle
Serial entrepreneur V G Siddhartha is closing a $75-million private equity transaction in Coffee Day Holdings, the holding entity for most of his business operations spread across retail, financial services and infrastructure. banking sources familiar with the development said, the initial amount may be raised up to $200 million with more investors buying into Coffee Day Holdings.
Govt mulls exporting potato as prices plunge in local mkts
Financial Express
For the first time in three years, the government is mulling exports of potato to South East Asian countries to arrest the steep fall in local prices, which has prompted farmers to distress sell their produce in many areas. Indicating the government's willingness to re-start potato exports, a report quoting farm minister Sharad Pawar said that exports might be allowed.
Retail Trends
Ethnic wear brands on expansion mode
FashionUnited India (blog)
Regional ethnic wear brands are making a mark on India's organized retail sector and looking at expansion to more cities. Isvarah, for example, has tied up with K Raheja Group's Shoppers Stop and Landmark Group's Lifestyle to retail its lines. The Rs 40-crore Soch, which spends Rs 6 lakh a month on advertising, recently tied up with Central.
PE troubles in family biz
Business Standard
The story of Indian family businesses running into trouble with their PE investors is not new. Industry watchers say that while no specific reason can be given, these tensions are inherent in the difference between the way traditional families run businesses and the approach of global PE investors, who have their own systems and procedures. For example, promotors of Nilgiris believed they should consolidate in South India, while Actis was pitching for a pan-India presence.
Analytics playing critical role in retail business
Economic Times
Providing retailers valuable insights to decide on where to operate, what to stock, which customers they should try and retain, how to communicate to them and even how to minimise own-store cannibalisation. That's analytics, the gospel which is increasingly playing a more critical role in the retail business in India.
Reactivate Paypal Services in India On March 3, 2010
Ub News
About a month ago, PayPal made an announcement that it had stopped all transactions in India. This occurred because of changes in regulations regarding disbursement of funds and new laws in India. Fortunately, immediate action and efforts helped in reactivating its services on March 3, 2010.
Retail Insight
An Overview of Retail Customer Loyalty Programs: The 7 Key Areas Leading Retailers Need to Focus on
TCS
Reward programs are intended to exactly deliver this - be able to track and reward customer behavior. Statistics also indicate that consumer participation in rewards programs is on the rise across all demographic segments. With more customers choosing to do coupon and bargain shopping in the store, the reward programs that provide personalized rewards will prove to be differentiators if implemented with a laser sharp focus on targeted customer segments
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