April 1, 2010News for the Retail industry
Previous Issues
News: Apparel, Specialty, CDIT ...
Less is More for Aditya Birla Retail
Economic Times
Aditya Birla Retail, which runs More supermarkets and hypermarkets, has closed 39 stores, including two-thirds of its outlets in Gujarat, company CEO Thomas Varghese said. The retail venture of the $28-billion Aditya Birla Group has closed these stores over the last nine months, as part of a strategy to discontinue unprofitable stores.
Bharti Walmart launches supply chain system in Punjab
Sify
India's Bharti group and the world's largest retailer Walmart launched a direct farm produce sourcing system to streamline the supply chain between farmers and consumers. "We are addressing the needs of farm development in India and improving supply chain efficiencies that will bring quality produce at affordable prices to customers," Raj Jain, Managing Director and Chief Executive of Bharti Walmart India, said.
'This year the focus shifts back to profitable expansion'
Business Line
Completing a decade in the lifestyle business this year, ITC is now ready to seed the market with its offerings and venture into the tier-2 and tier-3 cities with its Wills Lifestyle brand. It has also given its mid-priced John Players brand a new face while it continues to build its premium brand, Wills Lifestyle, on the Fashion Week platform.
Reliance Trends comes to Vijaywada
MyNews.in
Reliance Trends, the apparel retailing chain of Mukesh Ambani's Reliance Retail Limited, has opened its first store at Vijaywada, which happens to be the fifth in Andhra. Reliance Trends is on an expansion spree and the group is planning to take the number of stores to 10 by covering towns like Tirupati and Warangal.
Destination Maternity Announces Opening of Two More Maternity Shop-in-Shops in India
PR Newswire
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced the opening of two more Motherhood Maternity shop-in-shops in India. Motherhood's trendy, affordable maternity fashions are now available for the first time at the Mantri Mall in Bangalore and the Korum Mall in Thane
News: Food & Grocery, QSR ...
New Silk Route Invests $75M In Coffee Day Holding Co
VC Circle
Serial entrepreneur VG Siddhartha has concluded $200-million fund raising in the holding company of the Coffee Day Group, the investment vehicle for his diversified business conglomerate. Private equity major New Silk Route (NSR) closed a $75-million investment on Tuesday night bringing to an end nearly a year-old capital-raising exercise.
Ice cream brands offer hot picks
Business Standard
'Dates with Honey' or 'Pinaorange Fantasy'? Both are within reach this summer, courtesy Amul and Vadilal, the country's leading ice cream makers who are trying hard to beat the competition heat. They are the latest innovations in the Rs 800 crore branded ice cream market, which is growing at 15 percent annually. Havmor, a leading chain is planning to launch "designer ice creams" exclusively for weddings - a first in India.
Au Bon Pain India to focus on different trade channels for expansion
Hospitality Biz India
In a bid to have a pan-India presence, international bakery cafe, Au Bon Pain India plans to focus on different trade verticals. For the same, Au Bon Pain aims to open cafes at corporate houses, IT Parks, malls, hospitals, schools, colleges, airports, railway stations and high streets
Retail Trends
It's raining discounts at hypermarkets
Business Standard
Faced with stiff competition from rivals and in a hurry to draw footfalls, hypermarkets, a larger version of supermarkets, are indulging in intense and, what some call, ridiculous price war. For example, Star Bazaar, the hypermarket run by the Tatas, is selling products like Maharaja mixer grinder at 50 per cent discount, while Reliance Retail outlets in the same vicinity are offering 50 per cent discount on Baskin Robbins ice cream tubs, among others.
Govt comes out with norms to curb wholesale trade in garb of retail
Economic Times
The industry ministry has for the first time come out with guidelines for wholesale trade, also known as cash and carry, to ensure that foreign retailers cannot make a backdoor entry into out-of-bound multi-brand retail. A circular clarifying the new rules was issued by the government late on Wednesday, stating the type of sales that will be considered wholesale trading.
Battling product parity
Business Line
Your day begins with a burst of Nimbooz (from Pepsi) on TV. And as you flip casually through a magazine, you spot an ad from Parle that screams 'LMN! LMN!' The lime trail continues with a tweet from a friend mentioning Minute Maid's latest lemony avatar. If you have tasted them all, can you really tell them apart? Analysts see a major shortcoming in retailers' lack of intent to differentiate at the product level.
Retail Insight
Science Meets Assortment Optimization: Tune the Mix to Local Demand
DemandTec
Retailers are continually challenged to provide a high level of variety that is attractive to shoppers while simultaneously optimizing space productivity. This leads inevitably to the question, "How much variety is enough?" This equation is made more complex when retailers also strive to tailor merchandising to variations in local demand and to target specific shopper segments. Armed with insights about consumer demand, retailers discover that one assortment no longer fits all stores and they redefine their category objectives by store and store-cluster. This leads to a second key question: "What is the right assortment for the shoppers who shop in this store?"
No comments:
Post a Comment