India Organized FootWear / Shoes Retail Chain & Brands Review
The Indian footwear is growing at over 10% annually, with the organised segment growing at almost double the industry. Domestic footwear market, estimated at ~Rs 250-300bn, posted CAGR of 10% over 2006-11, With increasing consumption, growing popularity of online shopping, higher affordability and rising income level, per capita footwear consumption is expected to rise to 2.2x from present of 1.87x.
Indian Footwear market is the third largest in terms of pairs sold after China and the United States. The chart below shows rising per capita of footwear / shoes consumption in India. (more…)
Shoppers Stop – India’s Largest Department Stores – Performance Outlook 2012
Shoppers Stop is the largest department store chain in India. The company also has a 51% stake in Hypercity, a hypermarket format. We’d like to review the performance in the past quarter and outlook going forward.
Trends in July and August were similar to those seen in Q1. However, September has been better than expected. Hopeful that the festive season will see some traction. Should have visibility starting mid October. What we have noticed is due to the slowdown, breakeven for new (more…)
Indian Consumer environment Soft, Focus on Costs & Inventory control – Pantaloon / Future Group
Kishore Biyani promoted Pantaloon / Future Group Retail is the second largest retailer in India after Reliance Retail. In an address to the Analysts, management of Pantaloon said the consumer environment has remained soft in recent months quarter. While the sale period saw some traction, demand declined afterwards. Trends have been weak in apparel but better in food. They are Cautiously optimistic on December quarter given festive season and a large number of wedding dates.
Within apparel, the company is focusing on (more…)
Inorbit Malls – 2 new Formats – Neigborhood Centres & Open Malls
India’s leading Large Mall Developers InOrbit from the house of Rahejas a well known name in Real Estate is considering developing Malls in two new formats such as Neighborhood centres and Open Mall.
Acquiring large tracts of land has deterred further investments in large existing format of InOrbit Malls. Rahejas will developer neighborhood centers in (more…)
Focus on retail ecosystem critical to Indian economy’s long term success – Anupam Yog – Virtuous Retail
With the Indian Government taking some Daredevil Policy decisions on opening the gates for FDI in Retail Sector, we caught up with Anupam Yog, Director – Marketing Virtuous Retail Services. Virtuous is a retail real estate asset platform sponsored by The Xander Group Inc., with an initial commitment of USD 600 MM in equity. Mr. Yog in an exclusive interview to RetailMantra, shares his views.
51% FDI in Multi-Brand Retail in India
How many Foreign Giants are in the Queue at Ministry of Commerce & Industry to enter India ? And how many potential retailers, in your view are on the sidelines or exploring India opportunities? (more…)
Mainland China, Oh! Calcutta, Flame & Grill – Speciality Restaurant Chain – Business Review
Speciality Restaurants Ltd promoted by the Chaterjees forms part of the organized food-service market, which is in a nascent stage and forms only ~20% of the industry. It is estimated that various categories of the organized food industry combined is growing at ~25% a year, driven by demographic and socio-economic changes such as rising disposable income, increasing number of working women and growing urbanization.
Fine-dining restaurants are at the top of the evolution of eating habits. Specialty Restaurant [SRL] Chain operates 12 different brands in this category and is favorably placed in this market. Brands of SR are as follows, (more…)
A Peek into the Beauty Salon Chains of India
The quest for looks gets larger with the bulging pay-packets the new generation of India is earning. Once Beauty Salon found mostly in posh localities of Metros is now visible even in Tier-III cities. Thanks to Private Equity funding and the establishments of brands and process enabling to take Salons to corners of India.
In case of beauty salons, company owned outlets are preferred over franchisees (more…)
Red Mango Healthy Yogurt / Dessert Chain for All Seasons – Exclusive Interview
Red Mango is an American frozen yogurt and smoothie brand known for its finest quality of 100% natural, low fat, kosher and gluten-free frozen yogurt. Red Mango started operations in India by establishing a flagship store in Vasant Kunj and since has established its foothold in prime locations of Delhi.
We’d like to present an exclusive review of the the Red Mango management and its India Plans. Red Mango is established in India by Rahul Kumar – CEO and Principal Owner, Maez One Group hold the master franchise of Red Mango for the Republic of India. The young entrepreneur brings the world’s #1, authentic, non fat and award winning frozen yogurt chain to India with its first flagship store in New Delhi. With its strong brand presence across the globe specially in USA. Rahul is assisted by (more…)