May 4, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
S.Kumars signs JV with Donna Karan International
Reuters India
Textiles maker and retailer S. Kumars Nationwide Ltd on Monday said it has entered into a joint venture agreement with Donna Karan International (DKI), part of the luxury goods group, LVMH Moet Hennessy Louis Vuitton. DKI designs and sells mainly women’s apparel, sportswear, accessories and shoes under the DKNY and Donna Karan brands.
Titan Industries hits record high after robust Q4 results
BloombergUTV
Titan Industries rose 1.76% to Rs 2167, after net profit soared 84.20% to Rs 51.25 crore on 48.90% increase in net sales to Rs 1311.22 crore in Q4 March 2010 over Q4 March 2009. The year witnessed expansion of its retail network.As on March 2010, the company had 539 stores, delivering a retail turnover of Rs 4,400 crore.
Trent completes Optim acquisition
Financial Express
Trent Ltd, a retail chain of the Tata Group, has concluded acquiring all the equity shares of Optim Estates Private Ltd on April 30, 2010, based on prior definitive agreements, thereby making Optim Estates Private Ltd a wholly-owned subsidiary of the company, Trent said in a filing to the Bombay Stock Exchange.
Alok Inds Q4 operating net profit up 34% yoy
India Infoline
Alok Industries Limited, one of the largest vertically integrated textile companies in the country, today reported net sales of Rs. 14.71bnfor the quarter ended 31st March, 2010, registering a growth of 61.95%. During the quarter, 69 new ’H&A’ stores opened taking the total number of stores presently operational to 223. The target is to have 500 stores operational by March 2011.
Shoppers Stop opens Clinique store at Rajouri Garden
Equity Bulls
Shoppers Stop Ltd has announced that the company has opened one "Clinique" store at Rajouri Garden, New Delhi. With the opening of this store, the company has now four "Clinique" stores i.e. two standalone and two shops in shop.
Landmark’s new Mumbai store: A place for reading, listening and gaming
Economic Times
It’s heartening to step into the latest Landmark store in Mumbai at Lower Parel, scheduled to open officially today. At a massive 42,000 square feet, it is the largest Landmark outlet anywhere in the country. It stands at nearly thrice the size of the book and music retail chain’s first store in Mumbai. It has allowed Landmark to introduce many different aspects that were previously out of bounds.
Eteenz launches exclusive outlet in Kolkata
indiaretailing.com
Eteenz, the value kidswear brand owned by Dhananjay Apparels, has launched its first exclusive brand outlet at City Centre in Kolkata. Spread over 400 sq.ft area, the store marks the brand’s entry into the booming kidwear retail market in India. The brand is the exclusive licencee of global kidswear icon ’Popeye’.
News: Food & Grocery, QSR ...
Enjoy the Mexican Food Festival week at Hard Rock Cafe from the 2nd - 8th May 2010
India PRwire
Hard Rock Cafe announces the week-long celebration of the Mexican festival Cinco de Mayo, commemorating the Latin American celebration. Hard Rock Cafe for the entire week, from May 2 - 8, 2010, aspires to give its patrons a chance to party in the traditional Mexican style. All Hard Rock Cafe outlets in India - Mumbai, Bangalore, Hyderabad, Pune and Delhi -will run the seven day Cinco de Mayo festival.
Retail Trends
Scorching summer to boost durables sales
Business Standard
The Rs 30,000-crore consumer durables market is expected to rake in more money this summer on the back of rising mercury levels. With overall market sales expected to grow more than 30 per cent for air conditioners (ACs) and over 20 per cent for refrigerators, top appliance brands like LG, Samsung, Godrej and Whirlpool are expecting double-digit growth rates.
Indian Retail Stocks Remain a tough Sell
Wall Street Journal
India’s retailers are relieved: The shoppers have returned. Stock investors, wisely, are taking time to value the retailers’ prospects. After being hammered through 2009, when the global economic slowdown and job insecurity culled consumer spending, retail sales are picking up. Pantaloon Retail India, the largest retailer by market capitalization, and its recently spun-off unit Future Value Retail posted a combined net profit of $12.6 million for the quarter through March, a 63% year-to-year rise.
Indian retail industry and shopping malls of Assam
Merinews
Assam has witnessed significant development in the field of shopping malls and large format retail outlets in recent times. Guwahati, the largest city in Assam and the gateway to the North East, has been at the forefront of this new revolution in the organised retail sector and quality shopping malls like HUB, Sohum Shoppe, The Cube and Dona Planet have come up in the city since 2005.
Cos log on to ad channels to woo women
Economic Times
In a bid to woo niche customers on the Net, fast moving consumer brands are using a range of specialised tools such as dedicated advertising channels. Companies such as Himalaya Drug and Hamdard Laboratories, jewellery maker Tribhovandas Bhimji Zaveri and global consumer products major 3M Corp are using dedicated channels on advertising networks such as the women’s advertisement channel to popularise their brands online.
Retail Insight
Customer-Centric Assortment Planning
Capgemini
The future consumer demands customization in assortment, pricing and promotions. In a perfect world, the merchandise on a retailer's shelf exactly matches consumer demand. The closer a company can move its planning and execution to perfection, the greater its revenues, quicker its response and better its in-stock positions.
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