Biyani to hive-off value segments into Future Value Retail
Hindu Business Line
Kishore Biyani-led Pantaloon Retail India Ltd (PRIL) will hive-off its value segments - Big Bazaar and Food Bazaar - into a separate company called Future Value Retail from January 1.
Gitanjali arm plans fine dining, spa foray
Economic Times
Gitanjali Lifestyle, the retail arm of Rs 5,000-crore branded jewellery major Gitanjali Group, is drawing up mega plans to enter the spa business, speciality cosmetic and perfume stores, mini-theatres and a chain of fine dining restaurants.
Fastrack plans to have 50 stores in India by April 2010
Economic Times
According to Fastrack Vice President and Head Ronnie Talati, most of the outlets would be operated on franchisee model with an investment of Rs 40-50 lakh, and a floor space of 400-500 sft.
Global Trendz plans Rs 50 cr revenue by '12 mydigitalfc.com
Global Trendz (GTL), the exclusive licensee of Disney Baby and Disney Jeans in India, expects to touch the Rs 50-crore revenue mark by financial year 2011-12, led by strong sales traction for the year-old business. This financial year, the company is looking to clock Rs 10 crore in sales. The company operates four exclusive outlets under the 'Bungee' stores in Mumbai, Mysore and Nagpur.
Small towns hold key to Acer success
Calcutta Telegraph
Personal computer maker Acer, which is eyeing the No. 1 spot in the domestic market by the end of next year, plans to expand its retail presence in smaller towns. "We plan to grow to over 350 stores by the end of 2010 with expansion on the retail front primarily focussed on the tier-II and tier-III cities," S. Rajendran, chief marketing officer of Acer India, said. At present, its retail business is divided into IT speciality stores and large-format stores.
Zapak to up its cafes to 300 by Jun '10, breakeven this fiscal
Economic Times
Anil Dhirubhai Ambani Group's gaming and entertainment arm, Zapak, expects to break-even this fiscal and plans to scale-up its gameplexes to 300 by June next, a top company official said.
Footfalls in Mumbai malls up by 20%
Daily News & Analysis
Malls like Westside, Phoenix Mills, Shoppers Stop, Globus and Inorbit, are all providing discounts on apparel, electronic goods, home decor, watches, kitchenware, dining items and even coffee. And not surprisingly, the retail outlets have seen an increase in footfalls.
Retail Trends
Expectations have become far more realistic: Kishore Biyani
Economic Times
The past eighteen months have been tough for every one. But now that things are looking brighter, it is time to introspect and see whether we spent most of our energies in surviving the downturn or in building the capabilities that help us emerge as beneficiaries of the economic recovery.
Apparel retailers ride promotion bandwagon to boost sales
Business Standard
Taking a leaf from consumer durable and automobile companies, apparel retailers have embraced innovative offers and promotions to entice shoppers to loosen their purse-strings further in the current season. While steep discounting was the norm in last winter's sales, apparel retailers are doling out eye-popping offers this time, to sell more merchandise before the season ends.
India's spending spree to resume
National
India's retail industry, the world's fifth largest, has been buffeted by the economic slowdown this year as the country's free-spending middle class tightened its purse strings. But there are indications that consumer confidence is returning, providing a much-needed stimulus to the retail market that is expected to grow next year to more than US$400 billion (Dh1.46 trillion), India's Associated Chambers of Commerce and Industry has forecast.
Fast food chains set to expand as consumer spends revive
Business Standard
The Rs 3,000-crore fast food restaurant industry in India is likely to see an addition of 70-100 new outlets in 2010, compared with an addition of 30-50 outlets in the current year, as a revival in consumer spending boosts sales.
The loop of luxe
Financial Express When the IHT Luxury Conference, arguably the biggest luxury event of its kind, finally decided to come to India, it could not have chosen a worse time.
Demand slump forces realtors to turn malls into homes, offices
Financial Express After showing a high growth in 2007-08, retail mall development has virtually come to a standstill as tenants curtailed expansion plans. Developers now find it worthwhile to convert retail space into homes and offices, considering the demand growth in this segment.
Mall pill to boost bus travel
Calcutta Telegraph
If riding a bus to office sounds unattractive for the upwardly mobile, how about catching one from a swanky mall that doubles as a bus station? The city bus service in Bangalore, whose roads are chock-a-block with private cars, plans at least 35 large stations that will also be centres for shopping and perhaps entertainment. It hopes to get more working people to shun their cars, earn more revenue from rentals and, possibly, to make bus rides cheaper.
Shopper marketing has reached a major crossroads. It continues to be one of the fastest growing and most promising areas of marketing spending for consumer packaged goods (CPG) manufacturers and retailers. But to maintain its growth and fulfill its promise, shopper marketing must evolve beyond a siloed, tactical practice and become a strategic capability that is better integrated with other major investments across the marketing and media ecosystem.
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