May 5, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Pantaloon, Shoppers Stop see bright year ahead
Business Standard
Riding on improved consumer sentiment, Pantaloon Retail and Shoppers Stop, the country’s biggest listed retalers, see 10-12 per cent and five-seven per cent growth, respectively, in same-store sales (SSS) in 2010-11. While Shoppers Stop had SSS growth of three per cent in FY2010, Pantaloon Retail is likely to have growth of 11-12 per cent. Its financial year ends on June 30.
Arvind Brands to take Cherokee, Arrow to West Asia, S Africa
mydigitalfc.com
Arvind Brands, the Bangalore-based apparel retailer, is looking to take the Cherokee brand to West Asia as well as license the Arrow line in South Africa this year. The company is the sole Indian licensee for Cherokee, an American value brand, which is retailed through its Megamart stores. Arvind will soon retail Cherokee through departmental stores in Qatar, Oman, Kuwait, Egypt and Bahrain.
Chicco to source from India
FashionUnited India (blog)
Italian baby care brand Chicco will start sourcing apparel and shoes from India for its sales as well as for global operations. The sourcing will be done by tapping departmental and pharmacy chains. The brand has an exclusive outlet in New Delhi and plans to expand its retail operation to 10 exclusive stores across the country by 2011.The brand is a part of Italian health and wellness products major Artsana SPA.
Being Stupid In India
Forbes
Diesel, the cult jeans brand that pioneered the distressed look, recently launched in India in a joint venture with billionaire Mukesh Ambani’s Reliance Brands. The jeans-maker stormed into Mumbai, which considers itself the country’s fashion capital, with its edgy ’Be Stupid’ campaign plastered on billboards across the city.
Adidas Raises Profitability Forecast on World Cup
Businessweek
Adidas AG, the world’s second-largest sporting-goods maker, said improved sales and profitability resulting from the soccer World Cup will help the company meet its increased forecast for full-year profit. India will become the company’s next "big growth market," Hainer said.
Zoomin.com Expands Via Photo Studio Retail Strategy
WATBlog
The big online companies have always looked offline when it came to their big expansion plans. Now its the turn of photosharing and printing website Zoomin.com, which has launched its own offline retail strategy with the simultaneous opening ofsix ZoomIn Studios throughout the country. These stores are located withing larger stores like Crossword Bookstores in Mumbai, Ahmedabad, Pune, Bangalore and Kolkata.
News: Food & Grocery, QSR ...
Indian organic food market shows huge potential
Eat, drink and be
In a latest research report "Organic Food Market in India 2010," Report Buyer, an independent online store for global business information, stated that the Indian organic food industry has huge potential thanks to growing export market, organised retail enhancing distribution network, government initiatives and increasing health consciousness among consumers
Chic Chinese
Sify
Ashish Kapur, working for a heavyweight firm in the US, had quit his job and returned to the mother country, seeking his would-be wife’s hand in marriage as a jobless suitor! But all the while he nursed a secret ambition: to own the equivalent of an indigenous McDonald’s -a retail chain that would leave its footprint in the most elusive, distant corner, and perhaps even be exported out one day. His cuisine of choice was Chinese, rather Indian-Chinese, a certified money-spinner in the industry and greatly favoured by young diners.
Retail Trends
India’s apparel and retail sector sees high-profile exits
FashionUnited India (blog)
The last few weeks have witnessed a series of top level corporate exits in the apparel sector and retail space in India. Big players from Raymond to Aditya Birla, Marks & Spencer to Reliance Retail have seen a rejig at the highest level. The buzz is that it could be a prelude to impending structural changesin the business of some these companies.
High Prices May Dent India Gold Sales
Wall Street Journal
High prices in the run-up to the Akshaya Trithya festival this year may yet again dent retail gold sales in India despite this being the most auspicious time on the Hindu calendar for buying the yellow metal, jewelers said. According toRajiv Popley, director at Popley Group, a large jewelry chain, there is little chance of domestic prices falling below 17,000 rupees/10 grams. The only supportive factor for gold is a rising rupee which has limited the impact of higher international prices.
Selling of expired food products: TN Government warns Multi National Companies
Asian Tribune
The Tamil Nadu government has warned of stern action against multinational companies, running supermarkets and others who distributed and sold expired food products in the state. Replying to a Special Call Attention on expired goods, especially food items being sold in the retail and supermarkets, Food Minister E V Velu told the State Assembly that action would be taken against both under the Indian Penal Code and the Prevention of Food Adulteration Act, 1954.
Gulab Chand from Jaipur now caters to Mumbaikars
Fibre2fashion.com
The opening up of economy gave the much-needed thrust to the Indian textile industry, one of the largest in the world. Jaipur fame Gulab Chand, one of the most trusted textile brands for over seven decades, started their 1st retail outlet in Mumbai, that soon became a favourite among regular ethnic wear shoppers.
Retail Insight
Winning Combinations
Sharon Leicham
THERE'S ALWAYS VALUE IN SHARING IDEAS and nowhere is it more helpful than in the area of visual merchandising. Experts can tell you what they think you should do, but the real pros are the retailers who create effective visual displays season after season. When the collective mind is at work, the results are impressive. So, we asked seven retailers to share a favorite display idea, and we'll tell you why they work so effectively
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