April 5, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Slowdown teaches retailers to renew business models
Livemint
After last year’s big squeeze, both on consumer spending and store numbers, retailers should be complaining about the slowdown. Instead, they say the downturn was good for the industry. "The slowdown was the best thing that could have happened to modern retail in India," says Kumar Rajagopalan, chief executive of industry body Retailers Association of India.
Jewellery retailer to expand showrooms
Mangalorean.com
Jos Alukkas and Sons Group, a multi-million dollar group, recognized as one of the leaders in jewellery retailing across the globe with a network 16 branches, will open five more branches, including one in Mysore. Alukkas jewellery is the first ISO 9001:2000 certified jewellery group in the world showcasing BIS certified, 916 hallmarked gold assuring its customers.
Liberty Shoes to add 60 outlets this fiscal
Press Trust of India
Footwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal, a top company official said. Within India, the company will focus primarily on Tier II destinations, while overseas it plans to set up shops in South Africa, Singapore, the Middle-East and Kuala Lumpur, he said.
Giovani to introduce exclusive teenager collection
Fibre2fashion.com
As lifestyle brand Giovani intends to ramp up its footprint in the branded fashion industry, it aims at spend Rs. 2 billion for development of its retail business, by 2015. Also this year, it plans to foray in the teenager section. Over the next five years it intends to have 100 exclusive outlets across India.
Jharcraft targets Rs 100cr turnover in 2 yrs
Financial Express
Jharkhand’s handicraft, silk and handloom department which is targeting a Rs 100-crore turnover in two years by way of sales through its ’Jharcraft’ chain in the country, is busy opening as many showrooms as possible, both on its own as well as on a franchisee basis.
News: Food & Grocery, QSR ...
Coffee Day to double outlets, buy chains in China, Europe
Livemint
Coffee Day Resorts Pvt. Ltd, which operates the Cafe Coffee Day retail chain, will use a recent investment of Rs 960 crore in the firm to at least double its coffee shops to 2,000 and increase the network of its Way2Wealth venture. "We will also use some of the money to buy coffee retail chains in China, the Middle East and eastern Europe, and 10-15% of our sales will accrue from international markets," Chairman V.G. Siddhartha said.
Jubilant Foodworks: Too big a bite
Financial Express
The top line will be driven by continuous store expansion, the plan is to roll out around 180 pizza parlours in the next few years and the subsequent operating leverage, from the higher scale, should result in margin expansion
Barista to launch Caffe di Roma by Sep
Financial Express
Come September, coffee lovers will witness a few Barista Lavazza cafes donning a new look. Barista Coffee Company, a subsidiary of Lavazza, the Italian coffee roaster, is launching Caffe di Roma at some of its outlets, as part of expansion. Initially, just four to five Caffe di Roma outlets will be rolled out, but the firm plans to have more of them in future.
Cocoberry plans 50 retail outlets by end of 2010-11
Financial Express
Cocoberry, India’s first premium frozen yogurt chain is eyeing 50 retail outlets across India by the end of fiscal 2010-11. The company, which at present has about 11 operational outlets in Dehi NCR and Mumbai, plans to expand its reach in cities like Chandigarh, Bangalore, Jaipur, Jalandhar, Amritsar, Ludhiana, Pune, Chennai, Kolkata, etc in the next one year.
Big Mac goes to south with veggie menu
FnBNews
Kicking off a campaign to emphasise its separate production lines and processes for its vegetarian and non-vegetarian offerings, McDonald’s India Director (South) Ranjit Paliath said India was also the only country where the retail chain did not offer pork or beef-based products
Retail Trends
Retail guru on growth risk
Calcutta Telegraph
It’s better to open two well-appointed stores than run 10 ill-done outlets around town and make a hash of it, feels international fresh produce retail expert John Baker. "A lot of retailers grew too quickly. This becomes a serious problem in fresh produce retailing," he said.
Retail rentals get little bounce from realty revival
Economic Times
There may be a turnaround in realty fortunes, but rentals are still to look up. So much so that the likes of Shoppers Stop or Inox have not yet been approached by mall developers to cough up higher rentals.
Pre-cut vegetables, fruits bring profit to retailers
Times of India
Pre-cut vegetables and fruits are emerging as a strong growth category in the organised retail market. With singles and working couples being cramped on time, many reach out to the neatly packaged trays of evenly cut vegetables for the night’s dinner. At Aditya Birla’s More stores, cut fruits and vegetables account for 10% of the fresh merchandise.
Retail space back in biz as firms gear up for acquisition, recast
Financial Express
Country’s retail space is yet again bustling with activities with a slew of players either finalising acquisition deals or firming up restructuring plans. Paving way for major expansion, the retail major Future group is understood to have bought out the India franchisee store of South Africa’s biggest grocery chain, Shoprite Holding.
Retail Insight
Advanced Category Management: How leading retailers are setting a new standard
Oliver Wyman
Creating a more effective category management system requires more disciplined and streamlined processes, a culture of analysis supported by the right tools, and an organizational model that supports category managers with the right expertise
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