Levi's instalment plan catches on in apparel
Livemint
It seemed like a clever marketing gimmick when Levi Strauss (India) Pvt. Ltd offered an instalment plan in September for people buying its jeans and other products. But the move has worked well enough to be emulated, as leading apparel brands explore ways to make products more affordable to drive up sales. EMI facilities at the low end for organized apparel retail will work in India, say sector experts.
Koutons Retail to open 200 stores by FY11
Economic Times
Retailer Koutons Retail India plans to open 200 stores in FY11, in addition to its existing 1,400, a senior official said. Akash Deep Sandhu, General Manager, Sales and Marketing, said, of the 200 stores, 100 would be family concept stores, which would include women and children's wear.
Pashma selects Mumbai Airport for its first travel retail outlet
MoodieReport
Family-owned company Pashma, the specialist supplier of luxury scarves and stoles, has opened its first self-owned and managed airport outlet. The store, which began trading at Mumbai International Airport on January 9, 2010, aims to characterise Pashma's 'vintage minimalism' design philosophy.
Express Avenue, Chennai to soft launch in April indiaretailing.com
Express Avenue, Chennai, which is being promoted by Express Infrastructure, is set to soft launch on April 1, 2010 and the mall will be fully operational by the end of May 2010. Kim Culley, Chief Operations Officer, Express Avenue said, "Express Avenue will cater to a cross section of population and house brands starting from Big Bazaar to Lifestyle, to Marks & Spencer and other luxury and premium brands."
Fi's fifth store in Delhi
FashionUnited India (blog)
Fi, the women's wear brand promoted by Sharad Nawalgaria and Samir Nawalgaria of SNG Fashions, has launched its 20th store in India and its 5th in Delhi. The new store occupies 1,500 square feet and is spread over two floors. Fi has also introduced its new range of designer home apparels in this store.
Punjabi Rolls Festival At Kaati Zone
Oneindia
Kaati Zone, the leading Indian quick service restaurant chain is announcing an exciting festival at all its outlets across the city, called the balle balle "Punjabi Rolls Festival." The Punjabi Rolls Festival will be on till the end of February 2010 offering customers the exquisite taste of Punjab wrapped up in juicy rolls.
Retail Trends
Increasing Sales and Improving Profitability Sets a Positive Mood for 2010
Fibre2fashion.com
Recently announced figures indicate that the Indian textile industry has made a triumphal upswing. The margins of Pantaloon Retail, the country's largest listed retailer, have gone up from June to September 2009. Others such as the Raheja-owned Shoppers Stop and Tata Group's Trent, Reliance Retail and Spencer's Retail, Arvind Limited, Provogue, S Kumars, Koutons are not far behind.
India Economic Potential at Six-Year High, Singh's Adviser Says
BusinessWeek
India is poised to resume its record pace of expansion, Prime Minister Manmohan Singh's top economic adviser said, as global companies flock to the fastest-growing major economy after China. The economy may grow 8 percent in the year starting April 1, he said. The world's largest retailer, Wal-Mart Stores Inc., is expanding to tap into an economy that took off in 2004 and has since averaged 8.3 percent annual growth.
Retail Insight
Getting smarter about retail loss preventionIBM
Because employee internal theft can account for nearly half of store shrink, cashier-related shrink should be a primary area of focus for retailers.
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