April 8, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Retailers think big, shift focus to large-format stores
Livemint
A clutch of Indian retailers plan to ramp up the number of bigger stores in their portfolios this year. The retail firms, which include Aditya Birla Retail Ltd, Spencer’s Retail Ltd, Pantaloon Retail (India) Ltd and Bharti Retail Pvt. Ltd, plan to open stores which are between 30,000 sq. ft and 100,000 sq ft.
Worldwide Retail Store to expand business in Asia
Business Times - Malaysia
Barcelona-basedWorldwide Retail Store S.L, operator of the National Geographic Store, wants to expand its business in Asia with plans to open more than 200 stores in China over the next five years via franchise and local partnerships. It also plans to enter Mumbai, India, by June this year and Tokyo, Japan, by 2011.
Body Shop to scale up presence, cuts prices
mydigitalfc.com
British natural and ethical skin care brand, The Body Shop, plans to increase its presence in India by opening 100 exclusive stores by 2013. Said Jonathan Price, MD, Asia Pacific, The Body Shop, "We also plan to add 30 stores in 14 new cities in the next 12 months." He informed that The Body Shop had reduced prices ofmore than 600 products available in India by 10 to 30 per cent.
Odyssey to open in Express Avenue
indiaretailing.com
Odyssey India Ltd, the leisure retail arm and 100 per cent subsidiary of Deccan Chronicle Holdings Limited, is set to roll out its large format store in Express Avenue mall, Chennai by the end of April this year. The expected store will occupy 25,000 square feet of retail space.
Tata sets eyes on regional brides for Tanishq wedding range
Business Standard
The Tata Group’s Tanishq jewellery brand plans to enter the lucrative regional ornaments segment as a new strategy to cater to the diverse requirements of brides from different communities around India. Tanishq Vice-President (Retail and Marketing) Sandeep Kulhallisaid the ideawas to maximise the Tanishq brand presence across regional markets in India.
Anoushka Shankar endorses Haute Curry
FashionUnited India (blog)
Shoppers Stop has roped in sitar maestro Anoushka Shankar as the brand ambassador for its exclusive brand Haute Curry, a funky ethno-fusion brand for the young and trans-global fashion divas. The brand has Indian motifs fashionably captured in international silhouettes and comprises kurtis, salwar-kameez and dupatta sets.
News: Food & Grocery, QSR ...
ADF Foods launches ’SOUL’ in India
India Infoline.com
ADF Foods Ltd. a major player in the international market for processing and exporting ethnic Indian foods, announces the launch of SOUL, in India. Having created a niche in the international market with successful and recognised brands, the company will focus towards growth in Indian markets along with the International markets.
Citrus & Mangi Ferra
Daily News & Analysis
Mumbai-based Citrus Hotels has acquired a significant minority stake in a food and beverage chain promoted by one of the partners of Mangi Ferra restaurants in Mumbai. With this investment in place, Citrus will add another food and beverage outlet,CafeMangii, to the host of brands including Falafel, Khandani Rajdhani etc.
Retail Trends
First-ever commoner’s mall -Town Square
mydigitalfc.com
For the first time in India, grassroots retailers will be offered space in modern shopping centres, said Hemant Naiknavare, director, Naiknavare Developers. "We are investing Rs 105 crore in four locations in Pune and later in Goa, ina new concept shopping mall called Town Square Shopping Centre,"he said. Till date, retail malls in India were based on the popular American concept with a prime focus on high-end brands, Naiknavare said.
New norm to reverse FDI leeway
Financial Express
In a policy reversal, the finance ministry has decided to shut the route that allowed firms with up to 49% FDI to make downstream investments in sectors where FDI is prohibited, like multi-brand retail, agriculture, lottery and atomic energy. This is despite such firms being treated as "domestic companies" and their downstream investments as "domestic investment" in last year’s controversial norms for FDI.
Himalayan odyssey
Hindu Business Line
Ravi Prasad, Deputy Chairman, The Himalaya Drug Co Ltd,talks about the company’s strategy for the future. What is the company’s retail strategy for the next couple of years? Would you expand your presence through exclusive stores?
Retail Insight
The Customer Value Proposition should Drive Supply Chain Design: An Example in Mass Retailing
IMD International
A successful company typically starts with a deep understanding of customer needs in a segment and translates these needs into a value proposition. Then it develops its supply chain capability to deliver on its value proposition. Many companies have a clear and compelling customer value proposition but fail to reap the benefits because their supply chain capabilities are inadequate and their supply chains are not correctly linked to their customer value proposition
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