May 6, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Shopper’s stop plans QIP, expansion
Livemint
Retailer Shopper’s Stop, part of the K. Raheja group, is planning to raise about Rs300 crore by selling shares to institutional investors in 6-9 months, a top official said on Wednesday. The firm already has shareholders’ approval to issue 4 million shares to institutional investors but the exact number of shares to be issued may change, Vice Chairman B.S. Nagesh said. The funds would be used for expansion of the group’s Shopper’s Stop and Hypercity stores.
Carrefour eyes Indian, Chinese expansion
Moneycontrol.com
Carrefour, the world's second-largest retailer, is seeking to expand in fast-growing emerging markets India and China,its chief executive said on Tuesday. Lars Olofsson said Carrefour had been looking for a partner in India and would reveal its identity in a few months. His comments come after Indian media reports have speculated that the deal could be with Future Group.
Hypercity plans to open 3-5 stores in Mumbai this fiscal
Daily News & Analysis
K Raheja Group's Hypercity plans to open three to five stores this fiscal, adding about 14 lakh square feet, a top company official said. Hypercity is the hypermarket chain of the K Raheja group which also owns leading retail player, Shopper's Stop. "Each Hypercity will be about 65,000sq feet," Shopper's Stop's Vice Chairman, BS Nagesh, said.
Italy’s Replay Scouts For New Partners To Rejig India Story
VC Circle
Italian lifestyle denim maker Fashion Box SpA, owners of Replay Jeans, is exploring new partnerships to rejig its retail as well as sourcing operations in India. The three-decade-old Italian firm could forge a sourcing joint venture to tap the Indian market more effectively for its value added garmenting needs, and also look out for a similar deal or distribution pact intended to revive Replay’s retail presence in the country, said sources familair with the development.
Infiniti Retail plans to open 100 Croma stores in two years
Financial Express
Tata Group’s Infiniti Retail plans to open more than 100 Croma stores across the country during the next two years.Recently, Croma opened three new stores of 20,000 sq ft at South Extension, 6,000 sq ft at Saket and 12,000 sq ft at Gurgaon. Infiniti Retail, a subsidiary of Tata Sons had launched Croma chain of mega stores of consumer electronics and durables in 2006.
ABRL to open 10 hypermarkets, up to 100 supermarkets in FY’11
Economic Times
Aditya Birla Retail (ABRL) plans to open 10 hypermarkets and up to 100 supermarkets this fiscal, a top company official said. At present, Aditya Birla Retail has 540 supermarkets and six hypermarkets. With the 10 new hypermarkets, ABRL will attain the number two position in the hypermarket segment, Aditya Birla Retail’s CEO Thomas Varghese said.
Reliance restructures value retail format
Moneycontrol.com
The first shot at retail business didn’t turn out to be very pretty for Reliance. The company is now restructuring its business, especially in the value retail format. Reliance Marts of 80,000 square feet will also be opened, while the loss-making Reliance Fresh stores will be closed.
News: Food & Grocery, QSR ...
Branded snacks mkt to get spicier as Frito-Lay, ITC plan new plants
Financial Express
To sustain its leadership in the branded snacks sector, PepsiCo India’s Frito-Lay division is drawing up a fresh game plan to drive volumes. To start with, the company is increasing its manufacturing capacity by setting up a new plant in West Bengal, in the second half of 2010.
Cafe Coffee Day redesigns its lounge format
Business Standard
In a bid to re-connect with its consumers who have moved up the economic ladder in the last few years, Cafe Coffee Day (CCD), India’s largest cafe retail chain, will soon reveal a new look for its lounge outlets. The company plans to convert its existing lounges into the new design and set up 50 new lounge outlets by the end of this financial year.An investment of around Rs 35 crore is expected to be put into the expansion of the lounge outlets.
Retail Trends
Future Group gets ready for big e-bazaar
Economic Times
Kishore Biyani’s Future Group will launch a slew of digital commerce initiatives in the next few weeks, as India’s largest retailer moves to sell a wide range of products from bedspreads to treadmills through the Internet, mobile phones, television and dedicated kiosks. "We were not satisfied with our digital presence, and now we have decided to enter that space in a big way," Kishore Biyani, CEO of the Rs 9,000 crore group, said.
A matter of strategy
Business Line
Private labels and manufactured brands don’t necessarily compete with each other. Worldwide experience shows that as retailers become more powerful, they have increasingly focused on their own brands. Popular examples are Tesco and Carrefour. In India too, retailers are focusing more and more on developing their in-house brands, but not necessarily on a competitive front.
Ministry tightens noose on retailers
Financial Express
The corporate affairs ministry is tightening the noose around retail companies - a sector which has been left largely untracked due to the absence of a designated sectoral regulator. According to government sources, distressed retail company Subhiksha Trading Services has committed multiple violations of the Companies Act, 1956, for which the penalties can be anywhere from imprisonment of up to two years to fine up to Rs 2 lakh and above.
India Shopping Centre Forum begins on optimistic note
indiaretailing.com
India Shopping Centre Forum ’10, a two-day event organised by the IMAGES group and supported by the Shopping Centres Association of India (SCAI), began with a full house audience. The inaugural session, SCAI Conclave, focused majorly on the evolution of shopping centres in India.
Retail Insight
Science Propels a New Era of Retail Price Optimization
Revionics
Most retailers know that technology has played an increasingly important role in helping retailers set prices. But until recently, these efforts have been rooted in advances in computing technology, rather than in newfound applications of scientifi c principles. Real science is a powerful, pervasive force in retailing today, particularly so for addressing the complex challenge of retail pricing. Done right, the application of scientifi c principles to the creation of a true price optimization strategy can lead to signifi cant sales, margin, and profi t lift for retailers.
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