| At a Glance |  |  |
| News: Apparel, Specialty, CDIT ... | | |
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| Hypercity Retail, part of the CL Raheja group, said it had appointed Mark Ashman, the former chief executive of Marks and Spencer Reliance, as its new chief executive officer. Ashman will replace Andrew Levermore as the CEO who quit the HyperCity in 2008 and later joined Bharti Retail as its chief operating officer. |
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Textiles maker and retailer Raymond Ltd plans to add about 100 retail outlets this fiscal as domestic consumer sentiment turns buoyant, though demand from some developed economies have not matched expectations, a senior official said. |
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Kishore Biyani's promoted Future Group is all geared to make its presence in Andhra Pradesh. The company is opening eight Big Bazaar stores in the state, including four more in Hyderabad by the end of this fiscal year. |
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Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and US-based Walmart,opened its third wholesale store in Punjab, taking the company's investment in the state to $25 million (about Rs 115 crore). Bharti Walmart opened its first cash-and-carry store 'Best Price Modern Wholesale' in Amritsar in May, 2009, and added another outlet near Chandigarh this year. |
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| Kewal Kiran Clothing has reported a sales turnover of Rs 45.41 crore and a net profit of Rs 8.85 crore for the quarter ended June 2010. In an interview, Kewal Jain, CMD of Kewal Kiran Clothing, spoke about the results and his outlook for the company. |
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The $3.2 billion Landmark Group that launched its maiden outlet in Kolkata is now preparing to roll out a Rs 30 crores expansion roadmap for the east, with Kolkata as the fulcrum. The Dubai-based group hopes to roll out six Max outlets, its value fashion format across the city over the next three years. |
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Just into its first year, men's clothing brand John Hill from Vir Retail is trying to make its presence felt across width and breadth of India by opening outlets at regular time intervals. "We will be operating 130 showrooms by September-end. We have recently opened two stores in Delhi. In order to attract customers, we provide good quality products and we are offering discounts", Mr Ritesh Khandelwal, Senior VP, Vir Retail said. |
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Tirupur (Tamil Nadu ,India) based PGC Retail's T-MART Stores (Retail wing of 640 Cr PGC Industries & Group ) which recently acquired strategic stake in Switcher Holdings SA (Owner and Retailer of Brands : Switcher , Respect , Whale ) , plans to launch Switcher Innerwear Range in all its stores. The company is said to touch 100 stores in the next 3 months where it plans to open at least one store in a week. |
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| News: Food & Grocery, QSR ... | | |
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| A product and marketing innovator, Piruz Khambatta has made Rasna a household name. Leading India's largest and most popular soft drink concentrates brand is a mammoth task, and no one knows this better than Piruz Khambatta. The brand that launched a legendary campaign in 1980, "I love you Rasna", which an entire generation grew up with, recently changed its tagline to 'Relish a Gain' with the aim of focusing on the health aspect of the drink. |
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Sugar prices have started to recover despite efforts by the Centre to keep a check on them. Prices had plunged by around Rs 200/q last week. In July-end, the industry had got together to boost ex-factory prices by 4% in order to 'protect' production price, a move that on the very next day pushed up prices by Rs 50/qtl. Since then, prices have recovered to gain by Rs 40/q across varieties. |
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This city is drinking more French bubbly than ever in its history and loving it, so the experts say. Here are some champagne styles to look out for and hotel Sunday brunches with limitless supplies. |
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| Retail Trends | | |
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D-Mart, one of Mumbai's oldest supermarket retail chains, began offering a 5% discount across packaged consumer goods at its Thane branch, a steeper price cut than its usual 2% off. The deeper discount follows the launch of two new hypermarkets within a 3km radius of its store in past few months. "Fierce competition and price wars are going to define the next stage of competition in organized retail in India," said a top executive at D-Mart, owned by stock market investor Radhakishan Damani's Avenue Supermarkets Pvt. Ltd. |
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| Pictures of grain rotting in the rain in Punjab have shocked a country reeling under high food price inflation and where hundreds of thousands go to bed every night on an empty stomach. The estimates vary from 1.2 million metric tonnes of rice and wheat wasting in Punjab alone, and as much as 18 million metric tonnes of food grain lying in the open across the country because of inadequate storage facilities, translating into losses of about 270 billion rupees ($6 billion). |
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The commercial lease and rental space in India will witness a low occupancy rate till 2011, indicates the latest report by Confederation of Indian Industry (CII) and Jones Lang Lasalle Meghraj. |
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| Retail Insight | | |
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| Business Model Adaptation in Retail: A growing need |
| The Boston Consulting Group |
Despite hindrances, a small group of retailers have managed to steadily and forcefully improve their performance over time gaining market share from competitors and delivering above-average financial results, despite constantly shifting economic conditions, regulations and consumer demographics. What these champions have in common is an ability to adapt purposefully and continuosuly to change in their markets and competitive environments. Their outstanding success has widened the gap between them and their competitors. In this paper, we discuss how other retailers can emulate these winners in adapting their business models in today's complex and dynamic environment. |
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