April 13, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
PremjiInvest may exit Subhiksha: Sources
Moneycontrol.com
After ICICI Ventures wrote off its investments in Subhiksha, Azim Premji’s private equity arm, PremjiInvest may be set to follow suit, sources said.It is learntthat PremjiInvest may write-off its investment in Subhiksha. PremjiInvest had bought 10% stake in Subhiksha in 2008. It had purchased the stake at Rs 230 crore from ICICI Venture. Sources said PremjiInvest is its finalising legal documents.
Keikaku set to enter India with furniture brand
Financial Express
The $1.7 billion Japanese retailer, Ryohin Keikaku is all set to enter the Indian retail market, with its furniture brand Muji. The single brand retailer is scouting for a partner in the retail arena and a fortnight ago a group of senior company officials visited India to study the prospects of the organised Indian furniture market.
Panasonic India opens 4th brand shop in Bangalore
Siliconindia.com
Panasonic, a Japanese manufacturer of electronic and electrical products for consumer, business and industrial use, has inaugurated its fourth brand shop in at Dickenson Road in Bangalore. The brand shop will also have an after sales service counter to ensure smooth and easy communication for existing customers.
Levi’s: Anniversary special
Business Standard
Levi’s, the American denimwear brand, wants to use its 15th anniversary in India to start its biggest marketing campaign till date. Starting on April 7 till June 9, it will span music, art, user-generated content...However, with its focus on exclusive retail stores, Levi’s is not about to let the spotlight stray. Just like its Regent Street store, art will find its way into 15 Levi’s stores that are over 3,000 square feet in size.
FCUK standalone opens in Mumbai
indiaretailing.com
French Connection, Britain’s hi-fashion brand, has opened its free standing store at Linking Road, Bandra, Mumbai. Brand Marketing India (BMI), the exclusive licensee for FCUK in India, introduced the brand to the Indian market at the Lakme Fashion Week in April 2007 and has since opened 21 points of sale across eight cities in India.
News: Food & Grocery, QSR ...
"We are clear who we are as a brand"
Financial Express
Unlike its rivals, Domino’s Pizza neither offers a fine dining ambience nor a large range of items to choose from. But this doesn’t seem to really bother the pizza retailer. Global president and CEO, Domino’s Pizza, Patrick Doyle, and Ajay Kaul, CEO, Domino’s Pizza India, speak on the importance of the Indian market, its growth and their future plans. Edited excerpts:
Cocoberry yogurt plans international foray
mydigitalfc.com
Gurgaon-based Horizon Group’s premium frozen yogurt chain Cocoberry is looking to set foot in international markets, in addition to its store expansion plans in India. The company, which entered the market in February last year, is looking to enter South-east Asian and West Asian markets by 2011. It plans to open 50 stores by March 2011.
Retail Trends
How Wal-Mart’s wooing Indian farmers
NDTV.com
Two years after Wal-Mart came to India, it is trying to do to agriculture here what it has done to industries around the world.Not everyone is happy about the company’s presence here. But Wal-Mart is persisting because its effort in India is critical to its global growth strategy. Confronted with saturated markets in the United States and other developed countries, the company needs to establish a bigger presence in emerging markets, like India, where modern stores make up just 5 percent of the country’s retail industry.
Apparel brands chase new design trends on Facebook, Twitter
Economic Times
Who will design your favourite brand’s next line? You! Apparel brands such as Benetton, Wills Lifestyle, Pantaloons and Van Heusen are using Facebook, Twitter and other social networking sites as design centres where the end users can play co-creators. Kishore Biyani-led Pantaloons is currently present on Facebook and it plans to extend it to other popular sites too.
From Paris to Patna: Net takes high-fashion to small town India
Economic Times
When Bhavna Murthy of Coimbatore saw the latest ’it’ bag by Prada in a magazine, she knew she would kill for it. But all she did was log on to the Internet and days later she had it delivered to her door-step.
’Retail sector key to connect with consumers, drive PC penetration’
Financial Express
PC maker Lenovo (India) has seen significant improvement in its business after the implementation of its revamped strategy in 2009. Lenovo India managing director Amar Babu reveals the company’s retail strategy, key industry verticals, and the changing dynamics of the PC market in an interview.Excerpts:
Retail Insight
Optimizing Ecommerce Shopping Baskets
Logan Tod & Co
There are big commercial gains to be made by optimizing many ecommerce website shopping baskets. Logan Tod & Co see shopping basket completion rates on sites vary between 25% and 45%, meaning many sites can and should improve their position. If a website is turning over $10m per year with average margin and checkout completion rates, a 5% improvement in the basket to checkout ratio could increase profit by up to $260,000.
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