51% FDI in Indian Multi-Brand Retail Positive – Not the Magic Bullet – More Reforms Needed
The Dare Devil Step by the office of the Prime Minister of India to allow 51% FDI in Multi-Brand retail is definitely a positive, but not the panacea for the retail sector facing large hurdles like poor infrastructure, high real estate costs, inefficient supply chain, complex taxation and rigid labour laws. Except for Real Estate. most of them will be addressed with the inflow of foreign capital.
Key reforms for retail sector will be implementation of the Model Agricultural Products Marketing Committee (APMC) Act across all states and Goods and Services Tax (GST) which are facing stiff opposition from political parties.
What is the Purpose of GST and Model APMC Act ? (more…)
Shops at Gallops Mall Ahmedabad – Review
Gallops Mall is Developed by the famous N G Patel Group. The Mall is spread over a built up area of 3,24,000 sq. ft with ground plus two floors. The mall has a parking facility of 725 cars which can be accommodated across two basements in the shopping centre.
The tenants at Gallops Mall include Lifestyle International, M & B Footwear, Harra, Max, Reebok, Globus, US Pizza, Cesta La Vie, Metro Shoes, Spykar and Pepe Jeans among others.
The Gallops Mall keenly follows a consumer-centric philosophy of catering to customers from across segments and strives to position the shopping centre as a People Concept. (more…)
51% FDI in Multi-Brand Retail Welcome in Cities with 1 Mn Plus Population
The Union Cabinet has approved the proposal to permit FDI in multi-brand retail with individual state governments having the freedom to accord final sanction. The Centre said state chief ministers of Delhi, Assam, Maharashtra, Andhra Pradesh, Rajasthan, Uttarakhand, Haryana and Manipur as well as union territories of Daman & Diu and Dadra and Nagar Haveli have expressed support for the policy in writing.
Indian States Against FDI in Retail:
Bihar, Karnataka, Kerala, Madhya Pradesh, Tripura and Odisha (Orissa) have expressed reservations. (more…)
Indian Dunkin Donuts & More [Sandwiches, Coffee] – A Review
Jubilant Foods has introduced the World Famous Dunkin Donuts to Indians starting from New Delhi where it has 3 Stores – Connaught Place (flagship store – 80 seats), Greater Kailash-1 (80 seats), and Saket (60 seats). It now sells the famous doughnuts with sandwiches, coffee and breakfast menu in India, and has named them “Dunkin Donuts & More“. It will have 10 such stores, all 100% company-owned, by end FY13. This business will take a while to finalize as Jubilant experiments with various store formats.
Dunkin Donuts and More – The Menu
The extensive menu (24 varieties of doughnuts, 28 varieties of sandwiches, 24 different beverages) is a cross between what one gets at McDonald’s, coffee shops, Subway, etc. The menu has been tweaked around to cater to Indian tastes – hence, “& More” in the name, which is unique to India. Compared to only doughnuts and coffee in outlets (more…)
Dabur – Builds Strong Brands – Scales to Interior India
Dabur continues its aggression in the consumer space with the relaunch of its Amla hair oil in a new youthful modern look and new positioning of Mazbooti bhi, Khubsoorti bhi, roping in Priyanka Chopra as the brand ambassador. Every segment of the consumer care division has recorded growth – hair care registered 10.4% YoY growth, oral care 8.1% YoY, health supplements 18% YoY, skin care 13.3% YoY, home care 14.4% YoY, digestives 9.8% YoY, and OTC & ethicals 12.7% YoY. Foods posted strong growth of 34.5% YoY (led by 37.6% YoY growth in juices).
Dabur’s Products Competitive Globally
In latest ranking, Dabur earned the honour of being the only Indian company to make it to WWD Beauty Inc.’s Top 100 2012. The (more…)
Forum Mart – Bhubaneswar – A Review
Forum Mart, Bhubaneswar opened of 2 lac sq. ft., the property has brands such as Big Bazaar, Pizza Hut, Planet Sports & Madura Garments amongst many others as tenants.
Forum Mart has changed the way the people of Bhubaneswar shop. Within a month of its opening, sales records were broken in stores including Planet M & Baskin Robbins. (more…)
Pantaloon / Future Group – Store Strategy Realigned + Backend Consolidation Done
Pantaloon / Future Group is undertaking a much needed course correction and the strategy makes sense. Execution though remains key, and given the challenging macro environment with discretionary consumption slowing. Management led by Biyani noted that ramp-up of stores is now taking longer – around 18-24 months in large malls, vs. <12 months earlier due to the fact that a lot of the malls are now destination-based malls.
Same Store Sales [SSS] growth for Big Bazaar (the key format) has registered low single digit growth Y/Y. Mgmt notes that this growth should be split into two parts – certain categories like communications / jewellery that the mgmt is deliberately de-focusing, which dragged down (more…)
Domino’s Pizza reaches 500 stores milestone in India
Domino’s Pizza celebrated new milestone by opening the 500th store in India at at Rajinder Nagar, Delhi.
Domino’s India operations is the fastest growing operations in the Domino’s global system and continues to be the market leader in India with 55% Slice of the Pizza market. In the last few years Domino’s Pizza has not only aggressively expanded its footprint, but also has been focused on winning more customer hearts across India through its tasty Pizza offerings, unmatched delivery promise and warm customer service approach.
Mr. Bhatia, Chairman of Jubilant FoodWorks Limited master (more…)