| At a Glance |  |  |
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 | Wal-Mart Stores Inc, the world's largest retailer, may have to change the structure of its partnership with billionaire Sunil Bharti Mittal's Bharti group, if the government pushes through a controversial new rule governing wholesale trade, a top executive has said. "We have sought clarification from the government... If the rule is not withdrawn, then yes, some changes may be necessary in the corporate structure," said Bharti Wal-Mart CEO, Raj Jain. |
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Betting big upon the rising demand for branded diamond jewellery, Mumbai-based Goenka Diamond and Jewels plans to scale up its operations and has earmarked an investment of upto Rs 100 crore to fuel its growth. The company plans to open 19 more outlets pan-India, over the next 18 months, taking the total number of outlets to 24, GDJ's Managing Director, Navneet Goenka, said. |
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Robot manufacturer and consultant Gridbots today said it plans to open 85 retail franchise outlets pan-India by this fiscal-end, for improving its brand visibility. "The response at our existing outlets, including cities like Ahmedabad, Jaipur, Chennai, Rajkot has been very encouraging, as people coming there get a chance to understand everything they ever wanted to know about robots," Grid Bots Pulkit Gaursaid, who founded the company in 2007 said. |
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 | Brandhouse Retails Limited and Ovisse S.p.A of Italy is all set to open three large format OVS fashion stores, one each in Chennai, Bangalore and Delhi, for allowing the Italian fast fashion brand OVS Industry to have a strong presence in India. In an interaction, Ashok Dalal, Chief Executive Officer, Brandhouse Oviesse Limited, said the opening of OVS fashion store in Chennai, would, in all probability, happen at the Express Avenue Mall early next month. |
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 | Bharti Walmart, the joint venture between Bharti Enterprises and Walmart, and the Delhi Government, launched its second Bharti Walmart Training Centre in New Delhi. A Memorandum of Agreement (MoA) was signed today between Bharti Walmart and the Department of Training and Technical Education, Government of Delhi, to establish the Bharti Walmart Training Centre in the capital. |
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"Animal Planet already has 37 million viewers. Parents associate Discovery and Animal Planet with high quality content. It is a great time to come to India and enter its retail market where we would offer something more to our little viewers. These merchandise lines are perfectly positioned to provide an alternative to character and movie properties emphasizing the fact that knowledge is fun," Jo Edwards, VP, International Licensing, Discovery Enterprises told PTI. |
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| News: Food & Grocery, QSR ... | | |
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The Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the Amul brand of dairy products, said it will double its retail outlets pan-India from the existing 5,000 to around 10,000 by 2012. "By end of this fiscal, we will add close to 2,000 outlets," National Head, Retail, Amul India, Debashis Chattopadhayay said. "The outlets will be opened on franchise model," he said. |
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Baskin-Robbins turned 65 this month. The company wants to penetrate deeper and denser. It is targeting a growth of 30 percent this year. While it wants to expand the number of outlets in cities it is already present, covering pockets where it is not there, the chain is also planning an aggressive roll out in a large number of Tier II and III cities. |
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Lack of clarity on government policy on FDI in retail may have forced logistics majors to defer planned investment to set up cold-chains and warehouses across India. This means that prices of goods may not plunge immediately after the flood-gates for foreign investment are opened for deep-discount retail mega stores, experts said."Only after five years when a company had been investing into the development of its back-end operations can it be in a position to impact prices," said Arvind Singhal, chairman of consulting firm Technopak Advisors. |
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| Retail Trends | | |
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Financial Express
Pharmaceutical retail space in the country is in the midst of a major upheaval. The recent move by All India Organisation of Chemists and Druggists (AIOCD), which claims to have over 6 lakh drug retailers and 60,000 distributors as its members, towards cohesive branding has pitted the retail chemists directly against pharmaceutical companies and large drug retail chains. The Rs 5,000-crore domestic market for common off-patent drugs--commonly called generic medicines--and over-the-counter (OTC) products which are targeted at a wide variety of common ailments and lifestyle disorders, is an obvious enticement for the warring parties |
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If a brand is doing well, why does it need to transform? That's the question Godrej must have asked itself before going for its corporate re-branding effort in 2008. Consumer research also spurred the move - younger consumers were tending to see Godrej as "my parents' brand" or "my grandparents' brand." Godrej said: "We wanted to change this feedback to 'this is my brand'. |
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 | The market for retail space may be going through a rough patch but the demand for quality space is persistent and there cannot be better options than a well-managed mall, say retail space developers. The market for quality mall space is beginning to look up and mall developers too, who have learnt from the mistakes, are going the extra mile to keep their occupants happy. |
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Unlike most others, these beauty products hardly have any Bollywood actor's endorsement. Yet a growing number of 'conscious' and 'mostly young' consumers are going for different brands of natural, handmade cosmetics created by women entrepreneurs. |
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What can be more tedious for a just married couple than wondering what to do with the four casseroles, two wall clocks and ceramic figurines that they've just been gifted? Fortunately, you can now decide what you'd like to receive at your wedding. Once an alien concept in India, gift registries are slowly becoming more popular. A number of stores in Mumbai now offer this service. |
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| Retail Insight | | |
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| Retail 2020: Going Beyond Retail |
| Jones Lang LaSalle |
Forward wind to 2010 and the retail industry is still talking about the need to achieve the Holy Grail of sensational customer experiences and inspired in-store service. Does this talk to 25 years of laziness and lost opportunity or to an extreme difficulty in delivering these aspirations? Again, what can be said is that these last 10 years have been very favourable for occupiers and owners and the real need to invest in 'the icing on the cake' has not been there. By and large, products have sold themselves and in-store environments and customer care has just had to be par with benchmark, no better. |
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