April 19, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Future Group expects 30% sales growth during festival
Sify
Pantaloons and Big Bazaar, the lifestyle and value retail formats owned by the Future Group, expect a 30 percent rise in footfalls and sales at its stores across Orissa during its month-long shopping festival, beginning Saturday. Each retail format of the Future Group will have its own special offer and activities planned for the customers, giving them variety and entertainment.
Triveni shuts down rural retail biz
Business Standard
Dhruv M Sawhney-promoted Triveni Engineering & Industries Ltd has decided to shut its loss-making rural retail business. Its fully-owned retail arm, Triveni Retail Ventures Ltd, operates under the brand name, Triveni Khushali Bazaar, and incurred losses of over Rs 19 crore up to March 2009
Curves signs MoU with Q-Mart
indiaretailing.com
Curves, one of the largest fitness centre franchise, announced that its master license for India, CFW International Inc (Curves India) signed a Memorandum of Understanding (MoU) with Hyderabad-based supermarket Q-Mart Retail Ventures. Q-Mart announced the development of 15 Curves for women franchisees in Hyderabad.
RIL picks up majority stake in Deccan 360
Economic Times
Reliance Industries (RIL), India’s biggest private sector company with large retail interests, will buy into an air cargo firm promoted by Capt GR Gopinath in an attempt to gain an edge over its rivals in the rapid movement of goods across the country.
New Lifestyle outlet opened
Bellevision
Lifestyle International Pvt. Ltd., which is a part of the Dubai-based retail chain Landmark Group, opened its 18th Lifestyle store in the country at the City Centre Mall in Mangalore. Kabir Lumba, Managing Director of the company, said more Lifestyle stores would be opened in places such as Jalandhar, Chennai, Ludhiana and Delhi.
The Collective launches Women’s wear
BrandsToday.in
The Collective, a super premium lifestyle retail brand launched by Madura Garments Lifestyle Retail Co. Ltd, part of the Aditya Birla Nuvo, has launched its all-new collection of Fashion Wear for Women as well as their Spring Summer Collection for men. The Collective has come to be associated with the best in fashion and the biggest international brands.
bigshoebazaar.com to add 10 more online EBOs this fiscal
Economic Times
Internet footwear retail portal bigshoebazaar.com on Sunday said it will expand its integrated shopping service by adding around ten brands, including Puma, Woodland and Bata under its belt, this fiscal. The portal currently provides its integrated customer service, logistics and brand integration by operating online exclusive branded outlets (EBOs) for four brands,Florsheim, Lotto, Adidas and Red Tape.
Mumbai airport unveils new domestic terminal
Business Standard
Mumbai International Airport Ltd (MIAL) unveiled the new domestic terminal, 1C, at the Chhatrapati Shivaji International Airport (CSIA). Stores such as William Penn, Swarovski, Ultra bar and Coffee Bean and Tea Leaf will be present here. Level 3 will have a food court.
News: Food & Grocery, QSR ...
Wal-Mart goes to the farm
Deccan Herald
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: change business models by using its hyper-efficient practices to improve productivity and speed the flow of goods
Food prices cool on rich reap
Economic Times
Grain, cooking oil and sugar prices have dropped by up to a third in March due to better-than-expected harvests across the world, forcing popular Indian food brands to slash shelf prices and bring relief to consumers
Retail Trends
CK Prahalad: Guru of poverty and profit dies at 69
Times of India
Internationally renowned management guru, Coimbatore Krishnarao Prahalad, popularly known as CK, died on Friday in San Diego, after a brief illness. He was 69. The man who called attention to the "fortune at the bottom of the pyramid" died at the top of his game. Prahlad's theory affected many Indian and developing world retail outlets.
Organised retail: Failure of human supply chain
Financial Express
Organised retail in India is still struggling to find sustainable and profitable business models for most of the formats it has experimented with. A survey of most public pronouncements of the retail players and their advisors, which are many, list four areas that they say they are addressing to improve their performance.
Column: Private equity in retail
Financial Express
The government’s proposed move to allow foreign private equity firms to invest in single-brand retail firms would be a boon for foreign retailers as they would be able to dilute stakes in the retail business in favour of foreign funds. Apart from easing the investment burden for the foreign retailers, the move is also likely to bolster investment in the sector.
India’s gem, jewelry exports up 16 percent
National Jeweler Network
India’s gems and jewellery export grew by 16 per cent to $ 28.41 billion in 2009-10 due to revival in demand from major markets like the US and Europe."After undergoing challenging time in 2008-09, the Indian gems and jewellery rose like a phoenix and today preempting an upward trend due to our constant endeavour to sustain trade relation with the US and also expansion by penetrating other markets," Gems and Jewellery Export Promotion Council Chairman, Vasant Mehta said.
A glamorous afterlife: Turning trash into bags
Times of India
For over a year now, Thunk In India, a Bangalore-based firm, has been pre-occupied with granting a glamorous afterlife to various stubborn products that refuse to be recycled. Since January 2009, such non-biodegradable waste products as polythene bags, thermocole, and tetra juice packs have transformed into clutches, laptop bags and mobile covers in their pension phase. And from next month, five stores in Mumbai too will start stocking these products.
Retail Insight
Best Practices in Trading Partner Community Development
SPS commerce
Trading partner community development, or enabling retailers to integrate data and business processes with their suppliers, is a proven way to achieve greater supply chain efficiency, reduce costs and improve customer service. This white paper describes eight best practices that will help retailers implement a successful trading partner community development initiative. By following these steps, retailers can enhance their competitiveness and reap long-term benefits for their supply chain operations
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