Retail news as on 11th November 2009

November 11, 2009

News for the retail industry

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News

Wal-Mart keen on rapid roll out in India: Sharma domain-B After opening its first cash and carry store in Amritsar in May this year, the world's largest retailer Wal-Mart Stores Inc plans to open another 40 stores in India in the near future. Wal-Mart has a cash-and-carry joint venture with Bharti Group and runs the 'Best Price Modern' stores.

Yum! Restaurant to invest up to $150 m for expansion Hindu Business Line US-based Yum! Restaurants on Tuesday said it will invest up to $150 million (about Rs 700 crore) in India to expand its food chains, including Pizza Hut and KFC, and plans to have 1,000 outlets by the end of 2015.

Spencer's, a fish & meat retailer Daily News & Analysis A branded fish store, anyone? Spencer's Retail, the retail arm of RPG group company CESC, is likely to roll out standalone niche stores -- Spencer's Gourmet and Spencer's Fish & Meat -- in phases across the country.

FBD: Big Apple plans to invest US$ 10 million to expand retail business in India FoodBizDaily.com Big Apple, US$ 25 million food and grocery retailer in India and of a unit of Express Retail Services Private Limited, has announced an investment of US$ 10 million towards the consolidation and expansion of its business.

Retail Trends

Loans, cover arriving soon at Big Bazaar Economic Times Next time you queue up to pay for Aashirvad aatta at Big Bazaar, or a Proline tee-shirt at Pantaloons, the chances of you getting a loan offer to buy a refrigerator or an insurance policy for your family are quite high. Kishore Biyani's Future Group is just planning to do that.

Retail Insight

Textile & Apparel Industry: Building Sustainable Businesses in the Growing Domestic Market Technopak It is evident that the Indian consumer is ready for change, demanding options and looking out for product that suits and matches their needs and aspirations. With the back drop of changes, Indian apparel market is moving away from the traditional segmentation to a much deeper and wider segmentation based on consumer needs. Indian apparel market can be broken up into men, women and kids, but within each there are a number of segments that are emerging reflecting changing needs.