Retail Insight as on 9th March 2010

March 9, 2010News for the Retail industry










Previous Issues

News: Apparel, Specialty, CDIT ...



Future Group chases Reliance on private brands

Business Standard

Kishore Biyani's Future Group is getting its act together on supplying its private labels outside the group's 1,000-odd outlets, even as Mukesh Ambani's Reliance Retail has already marched ahead by starting to sell some of its private brands to kiranawalas (independent stores)





Our commitment to India is absolutely rock solid: Raj Jain, MD, Wal-Mart India

Economic Times

Making money in retail is a long-term game, especially grocery retail, medium to low margin business is a very long term game and you can start making money in retail after five years of operation provided you stop growing but if you keep growing and keep adding new stores, then it is difficult to make money







Shoppers Stop opens new store at Amritsar

Equity Bulls

Shoppers Stop Ltd has announced that the company has opened its "Shoppers Stop" store at Amritsar. With the opening of this store, the Company has now 29 "Shoppers Stop" stores under its operation.





Chennai Super Kings eyes Rs 1 cr from product sale

Business Standard

The Chennai Super Kings, promoted by Chennai-based India Cements, is eyeing Rs 1 crore through merchandise sales during the third series of the Indian Premier League (IPL), which begins on March 12. The team has tied up with Oceanbed Gifts and Merchandise, a Gurgaon-based company that is into gifting and merchandising solutions for corporate, for selling its branded products.





Shantanu & Nikhil give sports wear a makeover

Times of India

Tired of wearing boring sports wear? Designer duo Shantanu & Nikhil are at your rescue with their fashionable yet sporty collection for sports apparel brand Adidas. The Delhi-based designer duo has collaborated with Adidas for their new label, Adidas Style Essentials, a sports-inspired fashion brand for youngsters.





Somany Ceramics aims to reinforce its retail base

Indian Express

Somany Ceramics inaugurated an exclusive imported tiles and sanitaryware showroom 'Somany Global' in Greater Kailash II, New Delhi. Somany Global is a complete tiling solution showroom, exhibiting one of the most exquisite tile collections from across the world through state-of-the-art mock-up displays.





News: Food & Grocery, QSR ...



Godrej Industries, Spencer's to expand gourmet business

Livemint

Even as general organized retailers try to consolidate or face closure under the impact of the economic downturn, at least two chains are looking to expand their gourmet retail businesses to new cities. Nature's Basket Ltd, a division of Godrej Industries Ltd plans to open another 15 stores in the next two years. Spencer's Retail Ltd, plans to open 20 more such sections in its stores across the supermarket and hypermarket formats in the next two years.







Hypercity now in Punjab

indiaretailing.com

Hypercity Retail (India) Ltd, one of India's finest hypermarket chain, has launched its outlet in Amritsar. The 1,00,000 square feet store is situated at AlphaOne mall, Amritsar. Currently, there are six HyperCity outlets in India covering six lakh square feet of retail space. The first Hypercity store opened in Mumbai in May 2006.





Retail Trends





A miracle called Tirupur

Rediff

Welcome to Tirupur (occasionally spelled Tiruppur), a city of around 600,000 people in Tamil Nadu. This city exports knitwear worth Rs 11,000 crore (Rs 110 billion) a year, but it has no airport -the nearest one is in Coimbatore and the nearest seaport is Chennai. The first stop for any international buyer of Indian garments is Tirupur. Buyers from 35 countries frequently visit Tirupur. Tirupur can deliver customised samples in less than 12 hours; half a million pieces in a matter of days.







Shower of job offers at FDDI

Fibre2fashion.com

Placement season has kicked off in style at the Footwear Design & Development Institute (FDDI). The institute witnessed the presence of major International Retail, Leather Goods & Footwear companies for the programmes. Bata offered the highest package of Rs. 3.85 lakhs per annum for the profile of District Management Trainees. Catwalk, Adidas, Tata International, Woodland, Winner Sports (Future Group), Titan, Reebok & Mochiko are other companies that visited the campus with a high salary package this year.





Retail Insight



Challenges in Retail Innovation: Aspects of Innovation in Tesco plc's Market Entry into the USA

Managing Innovation

This case examines the market entry of the UK's largest retailer (Tesco) into the USA. Tesco's launch of a new brand - Fresh & Easy Neighborhood Markets - in virgin territory is a bold move, notwithstanding the firm's considerable success with its overseas investment strategy (which within ten years has resulted in more than 50% of the firm's operating space being outside its 'home' market). The paper suggests that Tesco's US experiment is unusual both in terms of the innovatory aspects of its market entry and the reversal in that conventional direction of knowledge transfer. The Fresh & Easy story is then examined in terms of ten 'dimensions of innovation' involved in the market entry