May 7, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Future Group to avoid opening stores in areas with mall oversupply
Business Standard
The Kishore Biyani-led Future Group would avoid opening stores in areas which were seeing an oversupply of retail properties, a top executive from the group said. "We are looking for areas which are seeing good growth in residential complexes and good business prospects in the future,'' the executive said.
Lilliput opens an exclusive store in The Celebration Mall, Amritsar
Lilliput, a dominant player in the Indian kids wear industry today announced the opening of an exclusive store in Amritsar. The outlet is located in the most bustling area of Amritsar at the Celebration Mall, where shoppers get the latest in kids fashion.
Aditya Birla Retail to open 10 hypermarkets
Indian Express
Aditya Birla Retail (ABRL) plans to open 10 hypermarkets and up to 100 supermarkets this fiscal, a top company official said. The Aditya Birla Group runs its retail business under the brand-name ’more’.
Uncertainty over duty-free operator as Nuance exit nears
Livemint
GMR Hyderabad International Airport Ltd (Ghial) is finding it difficult to meet the early June deadline to replace its duty-free operator, Nuance Group AG, which exits its contract at the end of this month.
Arvind bets on retail units
FashionUnited India (blog)
Arvind Brands an apparel company of Arvind Mills, best known for their brands Arrow, Gant and Izod is banking on its value retail and lifestyle units. The company is rapidly growing its retail chain, Megamart, opening three stores a month. This year the company plans to open 35 to 40 small format stores, taking the total to 180-185 stores.
DSCL to consolidate Hariyali Kisaan Bazaars
Financial Express
Following relentless losses since its launch four years back, DCM Shriram Consolidated Ltd (DSCL) promoted Hariyali Kisaan Bazar (HKB) has decided to focus more on consolidating its current position by offering rural consumers more economical FMCG products along with range of agricultural inputs, rather than concentrating on expanding its footprint.
News: Food & Grocery, QSR ...
Yummy news: Cocoberry food chain plans pan-India expansion
Business Standard
To all foodies delight, city-based food chain Cocoberry that specialises in frozen fresh yogurt and fruit dessert items today said it will expand to all major metros and mini-metros across the country this fiscal and open about 40 new outlets.
Speciality Group of Restaurants to expand in Tier-II and Tier-III cities
HospitalityBizIndia
Speciality Group of Restaurants, which owns Mainland China, the largest chain of fine dining Chinese restaurants in India and few other branded restaurants will foray into other Indian cities in coming years.
Tata Tea is now Tata Global Beverages
Economic Times
Tata Tea, a part of the Tata group, on Thursday decided to change its name to Tata Global Beverages, to better reflect the group’s international standing and the array of products it sells under different categories.
Starbucks sued for ’unreasonably hot’ tea
Times of India
A woman has sued Starbucks cafe chain in the US for serving "unreasonably hot" tea to her. She claims she got second-degree burns.
Retail Trends
Malls to house utility services to up footfalls
India Today
Next time, you visit a mall don’t be surprised if you come across a small office of the Indian postal department, the regional transport office (RTO) or the passport office. These are some of the new initiatives that mall owners are planning to operationalise in the next one year to give a leg up to the falling number of footfalls
Specialty malls ahead, say experts
Hindustan Times
With organised retail accounting for just 5 per cent market share in India, there is tremendous scope for its expansion. At least 200 new malls are expected to open across the country in the next two years. However, experts feel the mall format cannot succeed without more innovation
India Shopping Centre Forum 2010: Retailers strong on expansion
India Infoline.com
The two-day India Shopping Centre Forum (ISCF) 2010, kicked off at the Renaissance Hotel & Convention Centre, Powai, Mumbai with calls for greater cooperation between shopping centre developers and tenant retailers in the design and management of India’s shopping malls.
Now, shop for designer wardrobes online
Hindustan Times
Started by shopping aficionado, Mallika Singhania, Mumbai-based website, indianhangar.com offers Bollywood freaks a chance to get big budget costume designers like Neeta Lulla to design garments almost identical to those worn by our leading ladies on screen.
Retail Insight
Five Dimensions of User Experience: Balancing business and user experience perspectives to create successful e-commerce sites
Human Factors International
In this paper, we introduce the five dimensions of user experience. We'll show how this perspective provides a model that encompasses the marketing, business, and usability facets of the user experience. We suggest that what creates a truly successful e-commerce experience is a dynamic synergy between usability, power, persuasion, and branding. It is through balancing these forces that e-tailers fulfill their business goals and create a joyful user experience that customers will want to return to again and again.
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