Retail Insight on December 15th 2009

December 15, 2009

News for the retail industry

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News

Marks & Spencer to scale up India operations Economic Times British retail major, Marks & Spencer is looking at scaling up its India operations and plans to open at least 50 more outlets in the country over the next few years. The company, which is present in India through a joint venture with Reliance Retail, is also looking at increasing its product range in the country.

s.Oliver to set up exclusive stores in Delhi, Pune soon mydigitalfc European clothing label s.Oliver plans to open exclusive stores in Pune and Delhi by next year. The brand also plans to open shop-in-shop stores via retailers in north and west India.

India's gold retailers jump on the 'brandwagon' AFP Indians, the world's biggest buyers of gold, are increasingly opting for branded jewellery, attracting franchisers and foreign groups like Cartier at the expense of traditional retailers.

After PizzaHut and KFC, Domino's Pizza eyes Nepal Republica Jubilant FoodWorks, which runs the popular pizza chain Domino's Pizza in India and Sri Lanka, is evaluating setting up shop in Nepal and Bangladesh.

Retail Trends

Pay per day: New rental plan for retailers Economic Times While retailers are still working with the option of cutting costs and negotiating rentals to gear up for expansion, mall owners, who are vital for the organised retail sector, are experimenting with a new method - rent on a daily basis. Atul Ruia-owned Phoenix Mills Market City mall has already implemented the system at a few of its locations, while others such as Inorbit and Nirmal Lifestyle are actively considering it as an innovative option for their forthcoming malls.

Indian handset makers take on MNC giants Livemint It emerges that local companies have a share in excess of that of South Korean firm LG Electronics Inc. and marginally lower than that of Samsung Electronics Co. Ltd, in the mobile phone market. Indian companies that are making inroads into the market include Micromax Informatics Ltd, Intex Technologies (India) Ltd, Lava International Ltd and Essar Group's MobileStore.

Retail Insight

The Evolution of Retailing: Reinventing the Customer Experience KPMG The contracting global economy, advances in technology, a proliferation in the number of shopping channels, and an increasingly well-informed and mobile consumer base are altering the means, modes, and manner in which consumers shop.