Grand Sigma Mall – Bengaluru
Grand Sigma Mall is located on Cunningham Road, Bangalore. The mall is an international standard family entertainment destination situated in the heart of one of south India’s most dynamic cities. The mall offers an exhilarating environment that caters to a wide spectrum of markets – from leisure and entertainment to F&B and shopping.
At the Ground Level, as soon as one enters, one is faced by Bread Bazaar (bakery) and Gelato (Italian frozen deserts) treats, with Mcdonald’s to the right and Cafe Coffee Day in the centre. (more…)
Chitale Bandhu – Mithai & Bhakrwadi (Sweetmart) – A 6 Decade Journey. Management + Corporatisation Own Way
Anybody who has ever visited Pune and has a sweet tooth surely would have paid visit to one of Chitale Bandhu Mitahi Shop. The Chitale family first entered the business soon after independence in 1950 and since then have grown at a slow and steady pace to become the market leader in Pune.
Chitale today operates Two of its own flagship shops in Deccan Gymkhana and Baji Road and has offered 11 franchisees to cater to the growing needs of Pune. Chiatale’s offer 60 different sweets and 40 different namkeens to savour your taste buds. Chitale’s Bhakwardis are the hottest selling items with quantity as huge (more…)
Raymond Explains Importance of Supply Chain in Apparel Business
Apparels is the Second Largest Retail Vertical in India after Food & Groceries. 36% of the Apparels Vertical is already under the control of Organized Retailers. Today we’d liek to walk you through the Supply Chain efficiencies that support this business with the case study of Raymond India.
The apparel business supply chain is fairly complex and a critical component of the business. Generally it takes 220-275 days between ideation and first delivery which will be potentially reduced by ~ 40 days for Raymond post exercise with Accenture. For example, the idea generation to predict fashion and design for next year (more…)
Ears on the Ground – Indian Domestic Retailers Shift Gear – Move to Tier 2 and Tier 3 Cities for Expansion
The A T Kearney study on Indian retail suggests the size of the market is ~US$435bn. Organized retail currently accounts only for 7% of the total retail market and is expected to reach ~20% by 2020. Format like hypermarkets has gained higher acceptability. Among categories, food constitutes ~70% of Indian retail, although it has less penetration in modern retail where apparel and clothing continue to have ~31% share.
Domestic players are now drawing expansion plans more judiciously and increasingly focusing to tier-II and tier-III cities. So what are some of the major expansions that are planned in the immediate future ? (more…)
15 Years of Opening the Indian Retail Sector – Milestones Achieved So Far
Since 1997, the Government of India has gradually opened up the retail sector for foreign investments despite the reservations in certain quarters that opening up of retail sector will lead to job losses, predatory pricing, reduction in farmers‟ price realization and loss of entrepreneurial opportunities. The response from foreign retailers to the earlier attempts of partial liberalization was very cautious. No retailer has made any major investment yet.
The Ministry of Commerce has organized the retail sector in India into three categories i) single brand retail ii) multi brand retail and iii) cash & carry. In 2006, FDI in single-brand retailing was permitted to the extent of 51%. Retail FDI inflow between April 2006 and March 2010 is a pathetic US$194mn, comprising 0.21% of the total FDI inflows during the period. (more…)
Reliance Retail – Promise in 2006-07 Vs Performance till 2012 – Report Card
Reliance entered the retail business in 2006 and had set ambitious growth targets for 5 years. Given the growth potential of organized retail in India combined with Reliance‟s financial and execution strengths, these targets were seen as realistic. Reliance Retail till date has established its presence across 17 Formats and has JV with 14 Global Brands.
We’d like to present to you the Report Card of how Mukesh Ambani has performed on his Promise of Reliance Retail in 2006 with what is achieved until March-2012.
Mukesh Ambani’s Promise for Reliance Retail in 2007 (more…)
Current Market Size of Various Retail Segments in India – Food & Grocery, Electronics, Apparels, etc
We’d like to present the Current Market Sizes of Various Segments of the Indian Retail Industry. Food and grocery remained the single largest retail category in 2011 in India with sales of 16,25,000 crore accounting for 69% of the total retail market. Organised retail accounted for a little below 3% of the sales in this category.
Electronics – Consumer Durable, IT and Mobile market is one of the largest categories of consumption in India. The market has been historically operated through the traditional channel that occupies nearly 85% of the trade. The CDIT market in India is estimated at Rs 115,000 crore in 2011. The current market is growing at over 13% and is expected to touch Rs 215,000 crore by 2016 (not including services).
Apparels Market (more…)
Reliance Retail – 17 Own Brands & Formats + 14 JVs with Global Brands
Reliance Retail has completed 5 years of operation. We’d like to present you the status of Formats and Brands the company has launched on its own and in JV with Global brands in various capacities(for some Reliance is a Master Franchisee in India, others JV stores, etc)
Reliance Retail Operates across 17 own Brands and Formats as below, (more…)