April 20, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Lilliput now gets Rs 120 cr from TPG
Economic Times
Private equity firm TPG has picked a minority stake in children’s apparel and accessories retailer Lilliput Kidswear for Rs 120 crore, a top company executive said. Established in 1991, Lilliput today operates more than 260 stores in India and nine other countries. Lilliput is also looking to open ’Lilliput World’ stores, where it will retail soft toys, baby walkers, footwear, feeders and other accessories, in addition to clothing for children.
Tie Rack plans expansion into Indian market
Fibre2fashion.com
A London based retailer for men and women’s accessories, Tie Rack, is mapping major expansion in India, as it intends to open 150 new outlets in India by 2012. These shops will consist of a blend of both shop-in-shops and standalone outlets. Wherein the standalone outlets each, would necessitate an investment of around Rs 2-3 million, the multi-brand outlets will each call for an investment of Rs 1 million, said Jacopo Fratini, Chairman, The Rack Retail Group, UK.
Raymond to open 100 new stores by year end
Fibre2fashion.com
This year, Raymond Ltd, Rs 12 billion turnover company, through its franchisee network, intends to launch 100 retail outlets in tier-IV and V cities.Of the total sales of the company, 49 percent comes from retailing. The company recently inaugurated a ’made-to-measure’ store at Palladium, situated at Phoenix Mills mall, Mumbai.
Future Group expects Rs 850 cr sales during Great India Fest
Business Standard
Kishore Biyani-promoted Future Group today said it expects sales worth Rs 850 crore during the month-long shopping festival at its stores, which began last week. The Group also said it expects to attract over 2.75 crore bargain hunters at its 1,000 outlets across India during ’The Great India Shopping Festival’. The festival, covers all Future Group stores, including Pantaloons, Big Bazaar, Central, Hometown, Food Bazaar and Brand Factory.
European giant toy maker Simba Dickie group now in india
India Infoline.com
Simba Dickie Group, one of the world’s largest toy companies, is all set to capture the hearts of Indians. The brand that believes playtime is an opportunity not only for amusement, but also for education and physical development of children has come up with some unique play options for the little angels. With the price point of Rs 49/- to 20,000/-, the brand offers ’something for every one’.
Srikant Gokhale named CEO, The Mobile Store
Economic Times
Gokhale earlier served as the CEO of ’X-cite’, a large format consumer durables and IT (CDIT) store chain, which was recently acquired by The MobileStore
News: Food & Grocery, QSR ...
NAFED to take Indian food products to Gulf, Europe
Oneindia
The Indian diaspora in the Gulf and Europe will soon be able to enjoy authentic ’desi khana’ as the country’s agricultural cooperative major, National Agricultural Cooperative Marketing Federation of India (NAFED), is planning on entering these markets with India-specific food products soon. The products will include consumer-specific products, made available in retail chains like super markets and hyper markets.
Coke & Pepsi energy drinks need pep shot
mydigitalfc.com
Two energy drinks, Pepsi’s SoBe and Coca- Cola’s Burn, appear to need exactly what they profess to give you. That is, provided you can lay your hands on them. Neither is very visible in the market. And the charge of Red Bull continues unabated. "I have not seen SoBe or Burn in the past four months," said the store manager of Modern Bazaar, an organised food and beverage retailer. Other retailers spoken toalso said they had no stocks.
Cocoberry to roll out more outlets
indiaretailing.com
Premium yogurt chain in India, Cocoberry plans to roll out around 50 retail outlets pan-India by the end of fiscal 2010-11. GS Bhalla, Managing Director, Cocoberry, said, "New outlets are likely to come up in Jaipur and Bengaluru within the first quarter of next fiscal and about two-three outlets are in the pipeline for launch in Chandigarh. We plan to operate around 18-20 outlets in Delhi/NCR by October this year and aim to touch the 50 outlets mark by end of next fiscal."
Retail Trends
Biyanis to mentor execs for Future course
Times of India
At 48, Future group CEO Kishore Biyani is still very young to be weighed down by succession plans for his $2-billion retail empire. But given his penchant to stay ahead of the times, he is working with the concept of separating family interest and business, something very unique in Indian Inc.
Indians hungry for more
Business Standard
Rapid urbanisation and higher disposable incomes are likely to push the organised retailing sector to higher growth orbit going ahead. Companies such as Pantaloon, India’s largest listed retailer, will be key beneficiaries. According to ratings agency Crisil, the industry, which was at Rs 90,000 crore in 2007-08, would grow at 18.9 per cent annually to touch Rs 2 trillion by 2012-13.
Vivek Paranjpe back at RIL to head HR
Economic Times
Reliance Industries, India’s largest private sector company, has brought back Vivek Paranjpe as the head of human resources, to meet personnel challenges as it buys companies overseas. The refinery-to-retail group is restructuring its HR systems in keeping with a larger business transformation plan conceived by chairman Mukesh Ambani.
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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