April 14, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Raheja vs Raheja duel to spice up retail mart
Economic Times
Construction baron GL Raheja is about to stretch his retail compass by taking over Homecare Retail Mart, a chain of hypermarket stores mauled by the slowdown, pitting himself against brother CL Raheja’s Shoppers Stop and Hypercity.
Bharti Walmart to foray into south, west India within 2 yrs
Economic Times
Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and US-based Walmart Inc, on Tuesday said it will enter the southern and western parts of India within the next 18-24 months as it looks to expand presence in the country.
Bain Capital pumps Rs 350 cr into Lilliput Kidswear
Economic Times
Bain Capital is buying an undisclosed stake in Lilliput Kidswear for around Rs 350 crore, a precursor to an initial share offering next year by the retailer of apparel and accessories for children.
Govt kicks off talks on FDI in retail
Economic Times
The government has launched discussions between ministries about opening multi-brand retail to foreign direct investment (FDI), stepping gingerly into an issue that has been gathering dust for fear of triggering a political whiplash.
Ekru expands retail business with eco-clothing
Fibre2fashion.com
With the increasing demand for ’green’ products especially among the rich, Kolkata-based Indian ethnic wear brand, Ekru, intends on tapping this side of the society by widening its range of apparels created from fibres, free of chemicals and pesticides.
Italian Diesel comes to India
indiablooms
Popular Italian lifestyle brand Diesel has been launched in India. Partnered with Reliance Brands Ltd, a part of the Reliance Industries group, Diesel is launching 2 stores in Mumbai this month; and, one each in Bangalore, Delhi and Hyderabad, over the next few months.
News: Food & Grocery, QSR ...
Starbucks eyes more stores in China, India
Economic Times
Starbucks sees the potential for thousands of stores in Greater China, where it currently has around 700, and is also keen on expanding in India and Vietnam, the head of the world’s largest coffee retailer said.
As a brand, we are targeting non-sensitive vegetarians: Unnat Varma, KFC
Economic Times
KFC, one of the world’s largest fastfood chains with 16,500 stores in 80 countries, has not made much ground in India. But the US food retailer, which came to India in 1995, is now expanding at a rapid pace in the country. The company wants to have a KFC within 3 km radius in every major locality in the country, says Unnat Varma , director marketing-KFC, Yum! Restaurants, India.
CDHRPL to expand its footprint in South India
TravelBizMonitor
Chikmagalur-based Coffee Day Hotels & Resorts Private Limited (CDHRPL), the hospitality arm of Amalgamated Bean Coffee Trading Co Ltd (ABCTCL), which owns Caf Coffee Day chain of restaurants, will soon expand its footprint in the hospitality sector of South India with more resorts.
India can be the world’s food basket: Scott Price, CEO, Wal-Mart Asia
Economic Times
Bharti Wal-Mart wants to source $1-billion worth of goods from India and help the country become a food exporter, says Scott Price, president and CEO of Wal-Mart Asia.
Retail Trends
’India should be in top ten markets for Tag Heuer’
mydigitalfc.com
Tag Heuer is one of the best selling LVMH brands in India and the brand grew by 15 per cent last year. For Tag Heuer, India is one of the top 15 countries and it wants the region to be among its top ten markets.
India critical for global growth: Wal-Mart
Times of India
Currently working in three big economies of the world, India, China and Japan, US retail giant Wal-Mart is also keeping a close watch on South East Asia for expansion. Keen to maintain its position as a major retailer, Scott Price, president and CEO of Wal-Mart Asia said, ’’We will capture 10 to 15 markets in Asia in ten years. At present, expansion plans for India alone is the full time job for us."
Keeping a close watch on luxury
Economic Times
Intricate craftsmanship that the Swiss watch masters put into making a single piece may go unnoticed when the watch adorns a beautiful wrist. But that is exactly what Ethos provides to its countless consumers who walk into their stores across the country.
Retail Insight
The Ideal Store: How to drive sales by optimizing staffing, product and merchandising
KSA
Retail is fundamentally a simple business, but it's quite easy to make it complicated. Yet many of the biggest challenges retailers face - like ensuring consistently excellent customer service and making sure that stores are as efficient as they can be - don't always require big investment on sophisticated systems
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