April 23, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Tatas plan third retail venture
Calcutta Telegraph
The $70.8-billion Tata group is launching its third retail venture in India, after selling consumer electronics under the Croma brand of stores and building Trent Ltd’s portfolio of Westside, Star Bazaar hypermarkets and Landmark outlets. Tata International Ltd,the global trading arm of the group and one of the country’s biggest export houses,plans to set up a retail chain for footwear. The first store is likely to open in Delhi shortly.
Max launches store in Chennai
Oneindia
Max, the largest value fashion brand in the Middle East, is all set to redefine shopping in Chennai with the launch of it first store in the city. The new Max store promises to provide customers a one stop shop for latest fashion at affordable prices across apparels, footwear and accessories for men, women and kids in a truly delightful shopping environment.
The Loot plans Rs 100-crore IPO in current fiscal
Economic Times
With market conditions improving, discount retailer of branded apparels, The Loot, that had shelved its IPO plans last year, intends to raise Rs 100 crore through share sale in the current financial year. The Loot Managing Director Jay Gupta said, "The amount that we raise will be utilised for consolidating our retail business, upgrading warehouse and processing unit and our office campus. We will consolidate everything under one roof."
Tata International to launch first LEED certified Green Retail stores in India
India PRwire
In its initiative to create sustainable environments and be eco friendly, Tata International, the first Green Leather producer of the country, is all set to launch India’s first Green Retailing stores across India. Designed on LEED certification of USGBC, the stores will set bench mark on Green Design for Retailing in India.
Creative Ties up with Landmark Stores
itVARnews.net
With plans of expansion, Creative Technology Ltd increased its retail presence in India. The company has tied up with Landmark stores which will sell a range of Creative products including speakers, headsets and webcams and media players across its outlets innince cities including Chennai, Bangalore, Pune, Mumbai, Baroda, Gurgaon, Lucknow, Ahmedabad and Hyderabad.
Bring colour into spring with DKNY’s watches
Fibre2fashion.com
Radiant, fresh and stylize in bright and happy colours, DKNY’s latest range of watches,"Spring into Color"...is inspired directly from the city in bloom. Available across all Lifestyle, Shoppers Stop stores and key watch outlets, the collection is priced at Rs.5995/-.
News: Food & Grocery, QSR ...
Pearl Investment to open 10 hotels in India, GCC countries
Economic Times
Dubai-based diversified group Pearl Investment has said it plans to open 10 hotels in the Gulf Cooperation Council (GCC) countries and India with an investment of 500 million dirhams (USD 136.15 million) over the next five years. Pearl Investment’s business partners in India are Oberon Mall,the biggest Mall in Kochi,and Food Circle, which is a food outlets chain in the state of Kerala.
Retail Trends
Jet Airways’ Jet Privilege enters into partnership with New Lifestyle and Retail Partners
PR Urgent
Jet Airways’ Jet Privilege, India’s largest frequent flyer programme, has entered into a partnership with twelve new partners across the retail, finance, lifestyle, hotels and publishing categories. In the retail category, Jet Privilege has partnered with Ethos, Arrow, Van Heusen, Titan Industries and Odyssey.
Titan, Pantaloon a good bet: Forefront Capital Management
Economic Times
Radhika Gupta, director, Forefront Capital Management, talks about Pantaloon and Titan. Do you like the retail story? We like the retail story. We think organised retail penetration has a long way to go at 6% now and will go a long way with more space availability...and increasing younger demographics. We think it has a long way to go.
India Retail Report Q1 2010 - New Market Report Published
OfficialWire
The Q110 India Retail Report forecasts that total retail sales will grow from an estimated US$427 bn in 2009 to US$798 bn by 2014. Strong underlying economic growth, population expansion, the increasing wealth of individuals and the rapid construction of organised retail infrastructure are key factors behind the forecast growth.
Retail Insight
Managing markdowns: why prevention is better than the optimization cure
Quantum Retail
Markdown Optimization has become all the rage of retailers and retail technologists, but what is a markdown and how should we optimize it? A simple definition is a reduction in price, or the amount by which a price is reduced. To mark down is to alter price in order to raise demand. At one time retailers called this exercise 'clearance' and marked down the price of their goods just once a year, if ever. That was in the annual sale, a time when demand was low and the retailer wanted to clear excess stock in order to make way for new products. Today markdowns are a continuous process for the retailer.
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