1. Revenue sharing deals aplentyWith prime retail space being a pricey commodity, brands are coming up with new ways to share revenue with mall owners, so that they can use some prime retail space. Indus Clothing is in talks with malls to come up with a profit-sharing arrangement that benefits both sides.
Pepe Jeans uses a multi-pronged approach and has properties that are owned, leased to optimize its market potential. According to Anand Sundaram, vice president operations of Inorbit Mall in Mumbai, “Currently, 15-20 per cent of the revenue of Inorbit Mall at Malad, a Mumbai suburb, comes through the revenue-sharing model, while more than 80 per cent of the revenues from the new mall at Vashi, in Navi Mumbai, would be garnered through the same avenue.”
Wednesday, May 30, 2007
Source: Business Standard
2. Communist party toughens stance on Wal-Mart entryThe Communist party toughened its stance against the entry of Wal-Mart into the Indian retail sector and asked the government to set up a licensing system for retail chains to prevent international companies such as Wal-Mart from entering the market. The party members have been protesting the entry of the company, as it would render millions of small shopkeepers and workers jobless and have serious social costs on society.
2. Communist party toughens stance on Wal-Mart entryThe Communist party toughened its stance against the entry of Wal-Mart into the Indian retail sector and asked the government to set up a licensing system for retail chains to prevent international companies such as Wal-Mart from entering the market. The party members have been protesting the entry of the company, as it would render millions of small shopkeepers and workers jobless and have serious social costs on society.
Wednesday, May 30, 2007
Source: Calcutta News
1. Reliance Retail’s first hypermarket to open by JulyBijou Kurien, President and Chief Executive of Lifestyle Reliance announced that Reliance Retail’s first hypermarket should open by July in Bangalore, under the name Reliance Mart. The store will cover 180,000 sq ft of space and will offer food, consumer durable, apparel and footwear under the same roof. The company’s second hypermarket will open in Gujarat. Most hypermarkets will range from 40,000 to 200,000 sq ft.
Thursday, May 31, 2007
Source: The Hindu Business Line
2. Birla Group opens its first outlet in PuneThe Aditya Birla Group flagged off its retail venture by opening its first store on Friday in Pune. Two additional outlets will open in the city on Saturday and by June 15th the city should have 14 outlets. The company has used international design firm Fitch to design its stores, said Andrew Denby its CEO for supermarkets.
Saturday, June 02, 2007
Source: Indian Express
1. Hamleys to open stores in IndiaUK based toy store Hamleys will soon be opening up in India and has identified its store location in Delhi. The company will be entering the Indian marketplace with an Indian retail partner, although it has not been specified as yet who it is. The company opened its first international store in Dubai last year and is looking to expand there as well as in China.
Sunday, May 27, 2007
Source: The Post, Ireland
2. Best Buy and Vivek in talks for a tie upUS electronics chain Best Buy is reportedly in talks with Indian consumer durables retailer Vivek Ltd, for entering the retail market. Sources report that the deal between the two companies is likely to pertain to technical and sourcing services. Senior executives from Best Buy visited India to understand its market and meet electronic companies such as LG, Samsung and Sony.
Wednesday, May 30, 2007
Source: Business Standard
3. Landmark Group to bring in foreign brandsDubai based Landmark Group will be bringing in more foreign brands, adding to the four brands that the company has already tied up with. One of the new brands will be an international women’s footwear brand and will be for the mid-market segment, competing with brands such as Soles and Citywalk. The company has already tied up with Kappa, Springfield, Bossini and Joseph Seibel. These Landmark brands have 30 stores in the country and will be opening 6 stores every month as well as adding 5 malls to the Lifestyle department chain, which at present stands at 12 stores in the country.
Thursday, May 31, 2007
Source: Business Standard
4. Nike to focus expansion on IndiaNike will be launching a whole set of new products in India to widen its target market. One of the areas that the company will be expanding to is golf accessories and kids wear. The company will also be launching a line of eyewear and wrist wear by the end of this financial year. With business growing at over 50% per annum, the company is exciting about its prospects in India.
Thursday, May 31, 2007
Source: Business Standard
5. Italian leather brand, Blue & Blues on expansion spreeBlue and Blues (B&B) is aggressively pursuing its expansion plans for India and is aiming for a turnover of Rs. 400 million in the next three years. The company will also be introducing new products and increasing its stores. The company is especially keen on tying up with companies for corporate gifts, and has already tied up with Citibank and Elle.
Thursday, May 31, 2007
Source: Business Standard
6. Wal-Mart insists that its entry will benefit IndiaThe world’s largest retailer insists that its presence in India will be beneficial to India and says that its goal is to forge a relationship with the small business community, partnering with them and teaching them how to lower costs and increase profits.
6. Wal-Mart insists that its entry will benefit IndiaThe world’s largest retailer insists that its presence in India will be beneficial to India and says that its goal is to forge a relationship with the small business community, partnering with them and teaching them how to lower costs and increase profits.
Kevin Gardner, senior manager for international corporate affairs for Wal-Mart stressed that the company would only be entering the wholesale sector, while it’s partner in India Bharti will have a retail venture. On the issue he said that, "While Bharti, our joint venture partner in cash-and-carry, has announced its intention to enter into retail, it needs to be clearly understood that this is a separate, wholly owned and managed Bharti venture. Unfortunately, wholesale and retail are often confused resulting in unwarranted speculation and misinformation."
Thursday, May 31, 2007
Source: Rediff
7. Dior’s proposal is accepted by govt.Christian Dior Couture’s proposal to add foreign equity of up to 51% has been approved by the government. The company will now be investing Rs. 11 million (approximately $270,000) into its business in India.
Thursday, May 31, 2007
Source: Calcutta News
1. Retail institutes expected to create 2.2 million jobsWith the retail industry facing a severe shortage of trained manpower, several institutes have sprung up in the past couple of years, increasing from 6 to 50. It is estimated that the retail manpower-training sector is worth Rs. 12.5 billion and is growing at more than 50% annually. Training for front-end jobs is the fastest growing segment, which is growing at 100% per annum. Industry estimates calculate that there will be 2.2 million jobs by the year 2011, with 80% of these being front-end jobs. Friday, June 01, 2007
Source: Financial Express
2. Multi-brand retail likely to get FDI approvalThe government is supposedly thinking of opening up multi-brand retail FDI for sectors such as electronics, apparel, gems and jewelry and sports goods and is likely to announce its revised guidelines in July. According to an official, “The government is not in a position to take tough political decisions at the moment. Only those areas could be considered for opening up, where there is a big support group and where opposition wouldn’t be intense. Such areas are very few.”
Saturday, June 02, 2007
Source: The Economic Times
Apparel & Footwear:
1. Hakoba aims for Rs. 3.5 billion turnover by 2010Hakoba Lifestyle is working its way to a Rs. 3.5 billion turnover by 2010 and plans to open 250 additional stores by 2008 in this regard. The company is also planning on opening a store in the UK as well as Australia. Hakoba has 66 stores in India currently, which will increase to 100 by the end of the year.
Hakoba is the leading company in embroideries in the country. According to Mahendra Sekhani, Director of Hakoba Lifestyle, Indian exports of embroidered garments are around Rs. 10 billion per year.
Tuesday, May 29, 2007
Source: Business Standard
2. Cotton County expanding aggressivelyReadymade garment chain Cotton County announced that it would be increasing the number of its stores from 250 to 500 in the coming year. The company has already established its presence in north India and is now going to focus on expanding in south India. According to Sachin Sahni, Associate Vice President of Cotton County, the brand will focus on price conscious customers and have lots of discount offers to bring them in.
The company will also be getting into women’s wear as well as children’s wear in a big way. In the meantime, the company has launched a test product for women as well as children to see how it does. Cotton County is owned by the Nahar Group.
Wednesday, May 30, 2007
Source: Business Standard
3. Evoke Ventures to launch ‘Fuse’ brandGKK-Taurus Group’s international retail division Evoke Ventures will be entering the Indian retail sector with its Fuse brand, which includes leather accessories, footwear, clothing, perfumes and costume jewelry. The Fuse brand is available in New York, Paris, Barcelona, Tokyo, Shanghai and Cape Town. The company opened its first retail outlet in India in Chennai at the Park Sheraton. Additional stores are planned for Delhi, Bangalore and Mumbai for the first phase and then in Pune, Hyderabad, Kolkata, Goa, Chandigarh and Kochi by middle of 2008.
Friday, June 01, 2007
Source: Business Standard
4. Hidesign plans to consolidate international operationsPondicherry based leather manufacturer and retailer; Hidesign will be consolidating its presence in the international market by opening additional stores in Russia, Hong Kong, China and South Africa. According to Kumal Sachdev, Hidesign’s CEO, “We are present in over 20 countries outside India and they account for 65 per cent of our revenue. These markets are highly profitable for us because we are able to sell our products at more than twice the price when compared to India.” Hidesign will form joint ventures to enter three more countries and will increase its stores in India from 27 to 70.
Friday, June 01, 2007
Source: Business Standard
Home Furnishings:
1. Interiors mall to open in JuneThe country’s first interior and exterior design mall is set to open next month in Pune. The Ishanya mall will now have a Croma store or consumer electronics when it opens. About 76% of the mall booking is complete as yet, although the mall management is not leasing any further space.
Home Furnishings:
1. Interiors mall to open in JuneThe country’s first interior and exterior design mall is set to open next month in Pune. The Ishanya mall will now have a Croma store or consumer electronics when it opens. About 76% of the mall booking is complete as yet, although the mall management is not leasing any further space.
Wednesday, May 30, 2007
Source: Business Standard
Bookstores:
1. Pantaloon’s book div Depot plans to double turnoverPantaloon Retail’s books, music, stationary and gifts division has set an ambitious target for itself. The company hopes to double its turnover by the end of this financial year. Preeti Vyas, business head for Depot made this announcement at the opening of the company’s new standalone store in Ahmedabad. The company has a total of 57 stores in less than a year, although it believes there is a lot of potential in small towns as yet. There are 8 standalone stores of these 57 stores.
Monday, May 28, 2007
Source: Business Standard
Pharma:
1. Manipal Group to enter healthcare retailBangalore based Manipal Group will be launching its own retail outlets under the Cure & Care brand. The first of these outlets will be in Bangalore and Ahmedabad and will reach a total of 10 outlets by March 2008. The company earlier had plans to tie up with the Future Group, but has now decided to go at it alone. Tuesday, May 29, 2007
Source: The Hindu Business Line
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