Retail news as on 13th November 2009

November 13, 2009

News for the retail industry

Previous Issues

 

News

Vishal Retail charged with PF violations, appeals against notice Livemint Supermarket chain Vishal Retail Ltd has received a notice from the Employees Provident Fund Organization (EPFO) alleging that the firm had deposited insufficient funds in the provident fund accounts of nearly 13,000 employees. Vishal Retail, which confirmed receiving the notice and denied any wrongdoing, was asked to make up the difference. The company has appealed against the notice.

Big Bazaar, Food Bazaar boycott Kellogg's over margin row Economic Times After boycotting Cadbury in 2008 over margin differences, Kishore Biyani is at it again: this time it's Kellogg's at the receiving end. The country's largest retailer has decided to boycott the breakfast cereal brand across various retail formats after the US firm turned down its demand for higher business margins.

Forest Essentials launches flagship store in Mumbai indiaretailing.com Beauty and skincare brand Forest Essentials opened its new Mumbai flagship store at Juhu. Spread over 600 square feet, the store offers the brand's whole range of Ayurvedic skin care, hair care and wellness products.

Kids wear apparels chain Zudaas opens 1st store in Bhiwani Fibre2fashion.com Zudaas France, the international clothing house and leader in kids wear opened its much awaited showroom in Bhiwani, which at once amalgates the global trend in fashion and international quality with surprising affordability.

Retail Trends

Jyothi Lab eyes Rs 25-crore turnover from laundry service Moneycontrol.com Jyothi Laboratories, which started its door-to-door laundry service with the launch of Fabric Spa, is looking at a Rs 25-crore turnover from the new service in the next one year. The Rs 451-crore FMCG company has invested about Rs 35 crore in Fabric Spa in the initial phase (covering Bangalore) and plans to invest Rs 60 crore in the next phase of expansion when it will cover Chennai, Hyderabad and Pune.

Retail Insight

Transforming Sampling into Shopper Marketing: Walmart's "Bright Ideas" Event Program Shopper Marketing Since fall 2008, Walmart has been undertaking an ambitious plan to re-engineer its stores in an effort to create an environment that its 140 million weekly shoppers will find easier and more pleasant to shop. The company's efforts to improve the shopping experience also entailed a re-evaluation of its in-store marketing practices to identify programs that would better resonate with customers -- especially the "Moms" who account for more than 70% of the chain's business.