April 2, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Centre open to retail FDI, but wants backend beefed up first: Anand Sharma
Economic Times
Commerce Minister Anand Sharma feels the UPA government’s policy on retail trade is highly misunderstood. In India, economic decision-making needs to be endorsed by national consensus. Large retail players need to step up local procurement and when the benefits get reflected in the economy, they will gain acceptance, Mr Sharma said in an interaction with ET. Excerpts:
Bharti-Walmart approaches CWC for a PPP model
NDTV.com
Bharti-Walmart Private Limited, the joint venture between Bharti Enterprises and Walmart Stores Inc, is lobbying for private sector participation in the area of food storage and logistics. It wants to operate the warehousing facilities of the Central Warehousing Corporation on a thirty three year lease basis, under a PPP model. The company is reportedly looking at operating CWC warehouses in as many as five cities.
Gitanjali to cut its presence in US jewellery market
Sify
After betting highly on the US market in the pre-recession era, Gitanjali Gems, an integrated diamond jewellery manufacturer and retailer, has planned to cut its presence there in rural retail locations.
GeePee eyes Rs 1000-crore turnover in one year
Business Standard
Kolkata-based handset manufacturer GeePee is aiming at Rs 1,000 crore turnover in one year, from Rs 300 crore now, on the back of retail foray and anticipated increase in handset sales. Binay Agarwal, managing director of GeePee, said, "We are investing Rs 50 crore in setting up 200 retail outlets all over India. We piloted with four outlets in Kolkata and the response is good enough to decide on further expansion."
Zoomin to open 25 retail stores in 2010
Business Standard
Zoomin.com, an online digital photo printing company, is planning to open 25 stores retail across the country by the end of 2010. The venture-funded company will also partner with Crossword Bookstores for six shop-in-shops across five metros soon.According to Ajay Menon, VP, Corporate & Business Development, Zoomin.com, "The precise investment will vary based on the format in which we expand our retail network."
Bharti Retail opens sixth Easyday Market in India
indiaretailing.com
Bharti Retail, a wholly owned subsidiary of Bharti Enterprises, has launched its sixth compact-hyper store, Easyday Market, at Ghaziabad, UP. This is the third Easyday Market in NCR. Currently, ’Easyday’ neighbourhood stores are located in Punjab, Haryana, Rajasthan, Uttar Pradesh and Delhi while Easyday Market has presence in Punjab, Rajasthan and NCR.
M&B Footwear goes the franchisee way
FashionUnited India (blog)
M&B Footwear, the footwear retail chain, is planning to expand its retail presence through the franchise route in metros, mini metros and smaller cities and towns. The endeavor is to set up moderate to mid-sized walk-in M&B stores, spread over 500-1,000 sq. ft. of carpet area, in premium malls and high street locations.
News: Food & Grocery, QSR ...
DCM Shriram consolidating rural retail chain biz
Business Standard
DCM Shriram Consolidated (DSCL) today said it has undertaken the process of fine-tuning the business model of the company’s rural retail chain ’Hariyali Kisaan Bazaar’ for faster growth. At present, Hariyali Kisaan Bazaar has 300 outlets spread over Uttar Pradesh, Haryana, Punjab, Rajasthan, Chhattisgarh, Madhya Pradesh, Maharashtra and Andhra Pradesh. The company owns 85 of them, while the remaining are franchisees.
Cattle join tech club: RFIDs improving milk production at dairies
Economic Times
A tiny microchip, or radio frequency identification (RFID) tag, punched on Manasi’s ear sends information about her daily dietary needs and feeding details, among many other information, to a radio sensor located inside the farm premises. This, in turn, communicates with computer systems at the BG Chitale Dairy located in Bhilavadi village of Sangli, Maharashtra
Retail Trends
PRIL re-appoints Kishore Biyani
indiaretailing
The outcome of the meeting of board of directors of Pantaloon India Retail Ltd (PRIL), held yesterday, has approved the re-appointment of Kishore Biyani as managing director of the company. PRIL has also announced the appointment of Kailash Bhatia as wholesome director of the company
GenNext takes wheel at textile companies
Economic Times
GR Gopikumar, 30, has recently been appointed whole-time director at the Coimbatore-based Chandra Textiles founded by his grandfather GR Govindarajulu in 1910. Gopikumar is not the only one of his generation to take charge at Tamil Nadu’s age-old textile firms, which is increasingly being integrated into the global market.
Niche websites let buyers team up, push for deep discounts
Economic Times
With more than one site per city, local merchants are running to packed houses. Bangalore-based seafood eatery Coastal Junction only needed 10 people to sign up through Grabbon for a 50% discount, but 170 joined. Simar Sukhija, who owns two nail bars in Delhi, says that even after a 50% discount she gains because of the volumes group buying delivers.
Retail Insight
Transform the Economics of Retailing: Top 5 Reasons to Implement Insight-Driven Inventory Management
Oracle
Yesterday's inventory planning processes occurred in siloed environments, where inventory decisions made at the store level were not shared with stakeholders upstream in the supply chain and management strategy was about using past performance to predict future sales. Today's more advanced solutions break the barriers across the supply chain and not only leverage past performance to predict future demand, but incorporate the consumer to better predict the right allocations by region, by store and by size, color and SKU
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