Retail Insight on September 22nd 2009

September 22, 2009

News for the retail industry

 

News

After dull year, brands hope Diwali will light up sales Livemint In case of durables, Diwali alone accounts for 30% of annual sales. Paint companies get 30-35% of their revenue, while premium branded apparels get a third of their sales this time of the year.

GeNext to take charge at Alok Industries Economic Times Varun S Jiwrajka, 24, has just been given the mandate to oversee the domestic retail business of the company. Varun is the son of Alok Industries' joint managing director Surendra B Jiwrajka. The company's retail presence is through a chain of 120 stores which operates under the H&A brand name. This is in addition to 90 stores in countries like the US and UK.

Dandy plans 100 outlets by 2011 Economic Times Dandy Collection, leading manufacturer and exporter of fashion accessories under its own brand worldwide, has opened its first company-owned exclusive showroom in the Capital and plans to have 100 plus franchisees by the end of 2011.

Triveni Engg: Rural retail slowdown Business Standard Sector experts say that the rural retail business has taken a turn for the worse after the sub-optimal monsoon rains in large parts of the country. Customers had begun to down-trade almost two months ago in anticipation of less than normal rainfall.

India can sustain at least 6-7 retail players in the long run Press Trust of India India should be able to accommodate at least 6-7 big retail players, considering that the country's organised retail market is likely to grow to USD 100 billion in the next 3-4 years, Bharti Enterprises Vice-Chairman Rajan Mittal said today.

Retail Trends

Rental prices of retail spaces fall by up to 15%: CBRE Business Standard Rentals of retail spaces in the National Capital Region and Mumbai have fallen by up to 15 per cent in the first half of this year over the previous six months on account of low demand and high base effect of last year.

Logistics sector gains favour among private equity investors Livemint For private equity (PE) firms, the logistics sector seems to be emerging as the flavour of the season. About half a dozen PE investors are targeting this sector along with other industries such as infrastructure, real estate and healthcare.

Retail Insight

Managing a Supply Chain of Proprietary Products Kurt Salmon To bring a continual flow of attractive proprietary offerings to market, retailers must not only get the product innovation side of the equation right, they must also get their supply chain in order. That's because designing and developing products shifts the risks of materials, production and inventory management onto the retailer - risks that are far less severe when a merchant buys products from a supplier such as Kraft, Levi's or other national brand