April 6, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
New FDI norms: Bharti-Wal-Mart, Tata-Tesco JVs in a spot
Economic Times
New rules on foreign direct investment in wholesale trade have caused consternation among Indian business houses with big plans for retail, such as Sunil Mittal’s Bharti and the Tatas and their partners, global giants like Wal-Mart and Tesco. The guidelines have also disrupted plans by India’s largest retailer Kishore Biyani to team up with French company Carrefour for a foray into wholesale trading, also known as cash & carry.
Giovani launches Flagship Store in Chandigarh!!
India PRwire
Giovani, the famous lifestyle brand comes to thecity of Chandigarh. The brand retails from nearly 200 multibranded stores and has 11 exclusive retail stores of its own, with each store being around 2000 sq.ft. Giovani also retails from large format stores like Shoppers Stop.
Van Heusen Goes Green with Eco range
FashionUnited India (blog)
Van Heusen announces the launch of ECO line shirts. This nature-friendly product has formal, semi formal and casual shirts collection for men as well as women.On every shirt purchased, Van Heusen will give 1% of the eco shirt sales to ’trees for free’ - an organisation committed to increasing the green cover on this planet.
Max enters East India
indiaretailing.com
Max, the value fashion brand from Dubai-based Landmark group, has set its footprints in East India, with its first store in Kolkata at City Centre, New Town. Spread over 8,000 sq.ft, the store brings in latest fashion at an affordable price for the discerning customers of Kolkata.
Reliance’s Eyewear JV plans major expansion
PRLog
Reliance Vision Express, the 50-50 JV between Mukesh Ambani’s Reliance Retail and Pearle Europe is looking to expand its base nationally to tap the existing potential of the Indian eyewear industry. The company is not only targeting metro cities but also Tier I and Tier II cities
Re-feel franchise stores hit a century
CIOL
With biodegradable cartridges gaining momentum, backed by an environment-conscious consumer base sweeping the market since 2007, Re-feel, in its endeavor to crack open the ’green’ segment, has opened 107 franchise stores across 77 locations in India. The company is also planning to open 250 stores by 2011 and may venture into direct marketing at consumer level.
News: Food & Grocery, QSR ...
Monginis to foray into health foods
mydigitalfc.com
Monginis Foods, the pastry, cake and general bakery chain owned by the Khorakiwala family, is all set to foray into the health food segment. "As starters, we are looking at low-fat, high-fibre cookies and low-calorie ready-to-eat items," Virendra Ghole, Marketing Manager, Monginis, said. The popular cake-pastry-savouries brand is also gearing up to offer new services like online cake gifting.
Nestle eyes a rural foothold
Daily News & Analysis
Nestle India has taken several steps to widen its product portfolio to reach more consumers in the hinterland and has considerably strengthened its distribution network. Nestle has added around 200,000 retail outlets annually for the last three years.
Pizza chain to open shop in city
Times of India
Gama Hospitality Pvt Ltd, the Kolkatta-based company that entered into a master franchisee pact with Swiss firm Global Franchise Architects, which operates 11 brands in 14 countries, plans to open at least three Pizza Corner restaurants by June-end and take the count to nearly a dozen by April 2011. The company plans to invest Rs 30-35 crore in 35 outlets across at least six brands in a year’s time.
Nikasu plans two food processing units at Uttarakhand, Jharkhand
Daily News & Analysis
Kochi-based ready-to-eat manufacturer and exporter, Nikasu Frozen Foods, has earmarked a Rs30-crore investment to set up two food processing units in Uttaranchal and Jharkhand, a top company official said. Presently, Nikasu sells its products in Reliance Fresh and Aditya Birla’s ’More’ stores in Kochi. By next month, however, its products will be made available in all Reliance Fresh outlets across the country.
Retail Trends
From B-school to dusty rural roads
Rediff
What do you expect two young investment bankers, pursuing an MBA from London Business School, to discuss when they meet? Deals or investment banking. When Gaurav Mehta and Ankit Agarwal met at LBS in the summer of 2008, they spent most of their time discussing rural India, and how they could create a business out of it
Retailers Eyeing Cash-and-carry Format to Tap the Huge Unorganized Retail Sector
Blog of India (blog)
Retailers are eyeing Cash-and-carry format as it has a huge demand base of unorganized independent stores. In India, nearly 80 percent of $450 billion retail sector is run by small shops or kiranas.The current distribution system by FMCG companies is able to cater only to the metro cities and tier-2 and tier-3 cities. There is ample opportunity to penetrate further which is what the cash-and-carry ventures are aiming for.
A foreword leap
Ahmedabad Mirror
You would smirk if a college dropout claims to be a book evangelist. But with R Sriram, the case is different. People think the book lover is kidding when he tells them he’s not completed college. The founder of Crossword chain of bookstores says degrees don’t matter to people who are knowledge-driven.
New website brings crowd sourcing to fashion
CIOL
An Internet startup called Fashion Stake launching in coming weeks aims to shake up the fashion industry, just as peer-to-peer file sharing changed the music industry. Fashion Stake will allow customers to directly fund fashion designers by browsing on-line collections and buying a stake in a collection in return for credits to buy clothes.
Court fines Bata Stores for using plastic bags
Press Trust of India
Taking a serious note of the environmental hazards posed by plastic bags, a city court has slapped footwear major Bata Shoe Stores with a fine of Rs one lakh for using the banned item in violation of rules.The courtalso directed the Delhi Pollution Control Committee (DPCC) to utilise the penalty money for distribution of bio-degradable bags among small shopkeepers to create awarness about the eco-friendly steps
Retail Insight
When Retailer becomes Product Developer: Lessons from Merchants that Know How to Innovate
KurtSalmon
A retailer that wants to differentiate itself in part on proprietary offerings must be highly competent in product development and sourcing management. Those that have done so are giving customers a big reason to shop with them rather than on price with the discounters down the street
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