Why is Fitch Negative on Indian Retail ?

Negative Outlook on Indian RetailIndia Ratings a Fitch Company has maintained a negative outlook on the Indian retail sector for 2013. The report cites – protracted weakness in consumer’s discretionary spending due to high inflation, real wage growth is nominal and low level of macroeconomic activity. All this leads to a credit squeeze, high operating costs and poor margins at the retailers end.

Other Metrics such as Private Final Consumption Expenditure (PFCE) has hit an eight-year low. The trend adds more fuel to the fire (more…)

FERNS N PETALS – Combination of Brick & Motor with e-Commerce Model

Ferns-Petails-ecommerce-StoryThe e-commerce wing of Ferns N Petals (FNP) was set up in 2002. The latest statistics reveal that India has been reported to have 70 million active Internet users. It will be among the top 10 e-commerce hubs in the world by 2015. The online community is growing by leaps and bounds as an increasing number of consumers have started transacting online. Today, e-commerce has become one of the most important verticals of FNP, generating a steady income for us and establishing an excellent reputation in the market.

The Ferns N Petals e-Commerce Strategy – Portal provides a quick platform (more…)

Review of the Lido Mall, Bangalore

Lido Mall BengaluruLido Mall is a lifestyle and fashion mall located in Bangalore city at Ulsoor, five minutes away from the bustling M.G. Road and the upmarket Indiranagar. It’s the one-stop destination for all popular international brands.

Spread over an area of 57,000 sq. ft and two floors, the mall houses 13 top notch national and international brands like Marks, Spencer, Guess, Next, The Body Shop, Etam, AND, Lee Cooper, Jealous 21, Lilliput etc. The Body Shop store in Lido Mall has (more…)

Review of the Gold Souk Gems & Jewellery Mall Gurgaon

Gold Souk GurgaonWith 1,80,000 square feet of opulent and lavish shopping expeience, Gold Souk Gurgaon in home to over 100 national and international jewellery barnds. The Success of Gold Souk can be best measured in terms of the high converstion of footfalls, averaging over 70-80 per cent. Gold Souk has been felicitated with over a dozen awards and recognitions from various trade associations and is also a proud recipient of the prestigious `Best Commercial Retail Venture` awrd instituted by Builder Information Bureau.

Gold Souk offers shoppers a world class jewellery buying experience (more…)

Maric’s Kaya Skin Clinin Re-Branded as Marico Kaya Enterprises (MaKE)

Kaya Branded as Marico Kaya EnterprisesMarico announced a restructuring wherein the skin clinics (Kaya) business would be hived off into a separate company, i.e. Marico Kaya Enterprises (MaKE), to be listed later this year. Further, domestic consumer business and international will now operate as a unified FMCG business. Besides, positive core business momentum, we view this restructuring as a positive catalyst to the stock as it involves: the hive-off of the loss making / capital intensive Kaya business from Marico.

Initially Marico Kaya Enterprises (MaKE) will be formed (more…)

Review of Fun Republic, Chandigarh

fun republic chandigarhThe Chandigarh audience is held together by the promise of value at the 1.25 lakh sq. ft Fun Republic. Strategically located along the highway that connects two state capitals. Chandigarh and Shimla, the expanse of this experience is spread over a leasable area of 90,000 sq. ft, across levels.

Fun Cinemas offers one of the hippest and most happening experience of cinema in Chandigarh. After a successful launch of Fun Republics at Ahmadabad and Mumbai, Chandigarh is the third in chain of the nationwide integrated entertainment destinations being set up by E-City. Besides the multiplex, (more…)

Titan / Tanishq Struggles with Tougher Gold leasing norms & Expanded Retail Space

Titan Tanishq Gold - Tough LeasingTitan’s Tanishq had received approval from the Director General of Foreign Trade (DGFT) to directly import gold – which would prove to be margin accretive given the lower tax outgo. However, recent RBI norms limit the maximum lease period to 90 days under this route. Further, from what we understand, Gold procurement even through MMTC domestically is also to be capped at a lease period of 90 days. We believe the regulations could impact Titan’s working capital and/or increase the administrative burden on the company as it complies with them.

After a tepid 1HFY13, management (more…)

Review of Empire Mall, Mangalore

Empire Mall MangaloreThe port town of Mangalore is one of the fastest growing cities of Karnataka and keeping in tune with the changes its landscape has undergone far-reaching transformation. This emerging cosmopolitan city has proved to be the perfect venue for the The Empire mall. Situated in the heart of the city on M G Road, Empire has emerged as the most happening place in the city, exemplifying the essence of what Mangalore stands for.

This nine-storied mall, a hallmark of Mohtisham, is the one-stop-destination for shopping, dining and entertainment for all age groups. Located amidst educational institutions, luxury shopping (more…)

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