Retail Insight on November 25th 2009

November 25, 2009

News for the retail industry

Previous Issues

 

News

Icra arm to help revive Subhiksha Livemint A consortium of banks that are owed money by defunct retailer Subhiksha Trading Services Ltd has hired a division of rating agency Icra Ltd to carry out a feasibility study to revive the firm after a similar attempt involving an audit and consulting firm failed due to Subhiksha's alleged non-cooperation.

Gucci's single brand FDI plan may get nod Hindu Business Line The Foreign Investment Promotion Board (FIPB) has recommended approving Gucci's plans to pick-up 51 per cent stake in Luxury Goods Retail Ltd, under single brand retail.

More foreign players in the textile sector in 4-5 months Sify While the global slowdown may still be far from over, the Indian textile industry is expected to have tie-ups with foreign companies in the next four to five months.

No cash & carry curbs despite Parlt panel call DNA The government appears to have ignored a suggestion by a Parliamentary Standing Committee on stopping issue of further 'cash and carry' licences to Indian companies as well as multinational aspirants.

Retail Trends

Mom-and-pop stores unfazed by organised retail entry Hindu Business Line Even as the controversy over the entry of multi-brand retail continues, the Government on Monday said that the rate of closure of unorganised retail stores due to competition from organised retail is minimal, at 1.7 per cent per annum. A sample survey conducted by the Indian Council of Research on International Economic Relation (ICRIER) has indicated that a majority of mom-and-pop stores are keen to compete and remain in business.

Retail Insight

RFID Adoption in the Retail Industry USA Strategies Inc The inevitable change from printed UPC identification of industrial and consumer products to Radio Frequency Identification (RFID) systems has been written about for several years. This study recognizes that inevitability but addresses the rate of such adoption specifically at the individual package (unit) level.