April 9, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Reliance Retail to invest Rs 150 cr to open 20 Hamleys stores
Economic Times
Reliance Retail, which has a tie-up with UK-based toy retailer Hamleys, said it plans to open 20 toy stores across the country, in the next seven years, with an investment of Rs 150 crore. The organised toy market in the country, estimated at Rs 1,500 crore is poised for a healthy growth, Reliance Retail President and Chief Executive (Lifestyle) Bijou Kurien said.
French Connection opens stores in Mumbai
BrandsToday.in
French Connection, Britain’s leading hi-fashion brand, has announced the opening of its largest free standing store on Linking Road, Bandra, the shopping hub in Mumbai, India. The French Connection store, spread over 2000 sq ft of shopping space will offer an unprecedented level of service for the fashion conscious consumers.
Bigshoebazaar.com to sell Adidas shoes
BrandsToday.in
Asia’s leading ecommerce platform and the only online shopping portal for shoes and accessories Bigshoebazaar.com has announced its partnership with Adidas, the top sportswear brand to promote ecommerce business. The Adidas.com site which is powered by Bigshoebazaar will handle the entire online shopping transaction process, delivery and customer service for three years, as per the tie up.
Victorinox looks to set up exclusive outlets
mydigitalfc.com
Victorinox, makers of the famed Swiss Army Knife, is looking to set up exclusive outlets next year as well as increase its presence in shop-in-shops and multi-brand outlets (MBOs) through which it operates. The firm sells its products through 600-700 retail outlets in India
PVR setting up 60 multiplex screens
Business Standard
PVR Ltd, a retail entertainment company, has earmarked around Rs 120 crore for setting up 60 multiplex screens across the country, said Amitabh Vardhan, chief executive officer, PVR Cinemas, who was here on Thursday to launch a multiplex.
The Loot to open 50 more stores in next 6 months
Press Trust of India
The Loot, a Mumbai-based retail chain of discount stores, today said it plans to open 50 more outlets over the next six months in both existing as well as new destinations. "These will not only be in existing locations but also in smaller towns from where we are witnessing good demand," The Loot Managing Director, Jay Gupta said. The company operates 150 multi-brand apparel stores across the country, at present.
News: Food & Grocery, QSR ...
Japan’s Asahi Breweries eyes India entry
mydigitalfc.com
Japanese brewery and soft drinks major, Asahi Breweries, is preparing to enter the Indian market. The 1.47 trillion yen firm is in the process of studying the market and liquor sales regulations in different states. "Asahi plans to open firm owned kiosks in luxury malls and hypermarkets. It may also look at the option of forming joint ventures with domestic partners to enter the country," said Arvind Singhatiya, Head, International Initiatives, Franchise India.
Glass is half full
Financial Express
United Spirits Limited (USL), the flagship company of the UB group, has made history by posting sales of 100 million cases in the fiscal year ending March 2010, displacing the Paris-based Pernod Ricard as the world’s second largest spirit company in volume terms. And the company now has ambitions to move up to the top global position in the next fiscal year.
Singapore restaurant to open fast food chain
mydigitalfc.com
The battle in vegetarian fast food space seems to be heating up, with Komala’s Restaurants, a popular South Indian fast food chain from Singapore, set to mark its footprint in India. The firm has teamed up with Primary Cuisine as the master franchisee, to put in place a chain of at least 15 quick-dining outlets, kiosks across the country, over the next couple of years, Gautam Shewakramani, Director, Business Development, said.
How about some kanda poha at Barista?
Daily News & Analysis
The next time you walk into a Barista, chances are you will see hip folk tucking into prosaic kanda poha. Growth, the Lavazza-owned chain has realised, won’t come from being restricted to coffee and beverages. So it has been enlarging menu the indigenous fare way.
Retail Trends
Rival retailers work under one roof to expand specialty chains
Economic Times
They are fierce rivals in the marketplace, but big retailers such as Future Group, Reliance Retail, RPG Retail and Aditya Birla Retail now tap each other’s synergies to expand their specialty chains. So, walk into a ’Central’ mall of Kishore Biyani’s Future Group and you may well see Reliance TimeOut, the gift-music-book format of Mukesh Ambani’s Reliance Retail. RPG Retail has rolled out 20 Music World stores inside Future Group’s Big Bazaar outlets.
The future is here
Financial Express
He’s always been a man in a hurry, looking to get a finger into every pie and fifteen years in retailing haven’t changed him one bit. If Kishore Biyani has managed to fight one of the most difficult downturns that Indian industry has seen, it’s because his survival instincts remain as sharp as ever. Timewith Biyani who says he wants to do things differently this time around.
Kirana store owners may emerge as new bankers for rural India
Economic Times
Kirana store owners may emerge as the new bankers for rural India, with commercial banks lining up to enlist them as business facilitators to increase their reach. The local grocery storekeeper has good information about the financial well-being of the houses he serves and has emerged as the most viable among a number of options to help increase financial inclusion.
Francorp rolls outE-Teenz, Yaya’s and Iken Braingym franchise models at FRO Kolkatta
Webnewswire.com
Capitalizing on the upcoming FRO series in Kolkata,Francorp is all set to roll out three of its client’s franchise models, Yaya’s, E-Teenz and Iken Braingym. FRO comprises of franchise expositions, knowledge forums and multiple networking opportunities forming an ideal platform for serious business visitors to discover a variety of unique business concepts showcasing Indian and international innovative franchising and retailideas.
Retail Insight
Reducing Costs through Production and Supply Chain Management
QFinance
IKEA, the Swedish home products retailer, is known for its good-quality, inexpensive products, which are typically sold at prices 30-50% below those of its competitors. While the price of products from other companies continues to rise over time, IKEA claims that its retail prices have been reduced by a total of 20% over the last four years
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