March 8, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Biyani rejigs top deck at Future Group
Business Standard
Most of the changes were in Future Value Retail, recently carved out as a separate company within the group, which now houses value formats Big Bazaar and Food Bazaar. The two formats contribute around 55 per cent of group revenues
Aditya Birla Retail aims to become $ 2.5-bn entity by 2017-18
Economic Times
Aditya Birla Retail Limited (ABRL), the retail arm of the Aditya Birla Group, aims to be an USD 2.5-billion entity by 2017-18, a top company official said. "We aim to become an USD 2.5-billion entity by 2017-18. The growth will be driven by opening new stores, launching private labels and closing unviable stores, among other initiatives," Aditya Birla Retail's CEO, Thomas Varghese, said.
Future Axiom in sale talks
Economic Times
Kishore Biyani's Future Group and its UAE-based partner Axiom Telecom are on the verge of selling their mobile handset retail joint venture Future Axiom to the Essar Group's The MobileStore in exchange for a minority stake in the combined entity, persons close to the negotiations said.
Woodland to launch kids' shoes
Hindu Business Line
Footwear and apparel firm Woodland is giving a big push to the kids-wear segment, with plans to launch a range of shoes for children by the middle of this year and open dedicated shop-in-shops format for the segment. Besides, the firm which had last year ventured in the kids-wear segment with its apparels range, is also set to open exclusive stores of its premium brand 'Woods' for adults in the next few months.
News: Food & Grocery, QSR ...
Retail, food majors line up for mega parks
Financial Express
Retail and food majors like Pantaloons Retail, Capital Foods, Temptation Foods and Brittal Foods have evinced interest in setting up mega food parks in Maharashtra, Karnataka, Punjab and UP. With six mega food parks already under implementation and four others being planned, the mega food park programme has made major headway.
FMCG firms hop on taste-plus-health food bandwagon
Business Standard
With Indian consumers getting more health-conscious, FMCG companies have begun to focus on cheaper, instant, healthy and yet tasty products. FMCG majors like Britannia, HUL and Coca-Cola, along with smaller players like Amalgam and The Connoisseurs, will be rolling out a number of products in the instant and ready-to-eat food category for such consumers.
Nature's Basket enters Delhi
ImagesFood.com
Nature's Basket, the gourmet food retail chain from Godrej Agrovet, has entered Delhi with the launch of two outlets. Nature's Basket sells authentic world foods, both ingredients and ready made cuisines that include oriental cuisines, Italian, French and other European foods amongst others.
Retail Trends
Luxury wear gets cheaper
Daily News & Analysis
Bringing luxury brands into our wardrobes will not be difficult any more. After all, a new fashion trend is set to make trifle of the price tag, with high-end designers collaborating with regular brands.
New norms to check test-marketing misuse
Financial Express
Foreign investors violating FDI rules by using their test-marketing licences for doing large-scale retail business and even product manufacturing, could be in for trouble. The government is planning to come out with strict norms to check these violations, most rampant in the retail sector. Under the new norms, companies seeking test-marketing permission would also have to simultaneously set up manufacturing facilities or seek proper retail licence as the case may be.
Back on track
Business Standard
Volume and profitability growth in the December quarter is a sign of better times to come for the retail sector. After a tough 2008-09 wherein they were burdened with heavy losses and falling demand, the organised retail sector has bounced back in the last few months. While debt is still a concern, recent fund raising by major players should help ease pressures on high working capital as well as interest payment obligations.
Invisible hands of the mystery shopper
Daily News & Analysis
Mystery shoppers are discerning buyers who raid retail outlets, on a brand's behalf, to gauge a salesperson's response time, product knowledge and attempts to close a sale. A study tells us that they can single-handedly save Indian IT and consumer electronic majors up to Rs 84 lakh per store annually.
Retail Insight
Interview with Mr Dheeraj Dogra, Head - Retail and Commercial Leasing, Express Avenue
IndiaRetailNews.com
Shopping for that perfect black dress, that elusive present or catching up for a cup of coffee with your friends will soon be lot easier in Chennai when Express Avenue opens to the public early in 2010. Spread over 10 acres this multi-use development will be home to more than 1 million sq ft retail space, a 4/5 star hotel and a grade A office complex. Located in the heart of Chennai, this Grade-A Building will incorporate green building and energy efficient measures to provide an "Eco" friendly asset for Chennai city.
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