Retail insight on November 18th 2009

November 18, 2009

News for the retail industry

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News

Reliance Retail to expand in new cities Indian Express Mukesh Ambani-led Reliance Retail is in the expansion mode and is looking to take its food-to- fashion chains into newer Indian cities as well forge new strategic alliances.

Future Group plans to ramp up its basket of FMCG brands Economic Times In a move that could further increase its bargaining power with mainstream FMCG brands, Kishore Biyani's Future Group plans to sharply ramp up its basket of FMCG private brands across its chain of stores. The country's largest retailer plans to venture into 15-to-20 new product categories in the FMCG space every year.

Govt defers FDI proposal of Gucci Economic Times The government has deferred a proposal to allow Italian designer goods maker Gucci pick up majority stake in its Indian franchisee Luxury Goods Retail Pvt Ltd. The decision has been deferred, an official statement said.

Big retailers resume trips to India for sourcing Business Standard The world's big retailers are coming back to India to source goods, but it will be a while before Indian suppliers get back the pricing power they once enjoyed.

Retail Trends

Hariyali begins milk procurement business indiaretailing.com Hariyali Kisan Bazaar (HKB), the rural retail venture of DCM Shriram Consolidated Limited (DSCL), has initiated a programme to procure milk directly from farmers under its farm output services in Uttar Pradesh (UP). The company is already operating its pilot dairy in Hardoi and Lakhimpur Khiri districts in central UP, where it has four sugar factories.

Retail Insight

Interview with Mr G Sankar, Chief Executive, Reliance Footprint 15 October 2009, IndiaRetailNews.com While sales bottomed out in May or June and the cost structure is well aligned now, the topline has not picked up in organized retail as much as typically reported in the media, says Mr Sankar, Chief Executive of Reliance Footprint. Also, Mr Debdeep Sinha, AVP Planning & Marketing, Reliance Footprint talks about why Reliance Footprint is poised to grab market-share in the footwear market.