Category: News & Views

It is well known fact that continued weakness in Greenback [USD] has led to the rise of Gold. However, this doesn’t go well, especially in India, where is is used mainly for ornaments. Tanishq, the first organized retail chain in Gold jewellery de-risked its model by adding Diamonds so that even high prices of Gold shouldn’t deter it sales. Mr. Bhaskar Bhat of (more…)

Restructuring bug has bitten the promoters of Indian retail industry – maybe from the lessons they learnt during the slump. Aditya Birla Retail, promoters of MORE Supermarket retail are mulling the idea of spinning of their private label business into a separate entity, on the lines of what Mr. Biyani did – Future Brands where any store stocking this private label (more…)

This is an excerpt of thoughts shared by Mr. Sanjeev Mohanty, MD of Benetton in India. You must read and understand this if you are planning to be a Franchisee of Apparels. Read our previous coverage here.

Scope and Size of the Indian Apparel Market: It has 3 key segments, value (>INR 600), mid (>INR 1100) and premium (>INR 1800) model price points. The biggest growth is being seen in the mid and premium segment and the value segment is clearly dominated by unbranded, (more…)

Reliance Brands a subsidiary of Reliance Retail has entered into an alliance with Timberland Footwear and Accessories of the US to license and distribute its products in India. Timberland caters to the premium (more…)

I guess our contributors / writers have tuned in to the teaching mode from the past week as we write again about another lesson, what Future Group has learnt from the slump and how it has changed its strategy on small format retailing.

Mr. Biyani has made it clear that Future Market and Consumer Group Ltd will now focus on 6 large formats Pantaloons, Big Bazaar, Food Bazaar, Central Malls, eZone and Home Town. All (more…)

We already know from the ICRIER survey that local retailers popularly known as Kiranas haven’t had an impact as projected or estimated by most. We would like to enhance one some the key business lessons practiced by these Kiranas that can be incorporated by organized retail chains who are back to the drawing board chalking out new strategies on how to win the Indian market. This is with refrence to your neighborhood Kiranas which can be small operated by just a owner and few boys or (more…)

The myth about Organized Retail Chains throwing your neighborhood Local Kiarana like stores out of business is not completely evident yet, as per a report by ICRIER. The (more…)

We have already seen the diversity and the extremity of the Indian Retail Market. We would like to discuss some of the factors that will help in opening or launching nationwide chain of stores. You should first read and understand the consumer spending habit across the most lucrative Indian states on Food and Non-Food items and how they rank against each other. Again, just because UP ranks number 1 in the rank, you can’t go ahead due to the wide geography (more…)