Retail Mantra

According to FICCI the Indian Home Entertainment & Music industry is expected to grow at a rate of 17% YoY and reach INR 11,570 cr by 2012.

Today we will look into the Home Video Market which has been growing at 30% and contributes about 9% to the overall E&M industry. The Home Video rental market in India is still very fragmented and offers tremendous scope for modern retailers.

We have video libraries such as Cinema Paradiso operating through (more…)

The Pioneer of Indian Retail – Mr. Kishore Biyani is more realistic than other CEOs of Retail operations in India. Dating back to the hey days of Jan-08, KB decided to write to his employees that they are heading into tougher times and not the days of economic boom. In his Monday morning e-mail he said – Garv Se Kaho Hum Kanjoos Hain [Say proudly that we are stingy] Mr. Biyani took an oath with the employees of Big Bazaar that they will cut costs wherever necessary. Their margins (more…)

In April-08, we had written about Kishore Biyani’s plan to spin off Value Retail format Big Bazaar into a separate company. Biyani also took the approval of shareholders and is all set to unveil a new Value Format. However, the name that they are likely to choose is Future Value Retail which will comprise Big Bazaar and Food Bazaar chains.

According to latest quarterly results, both of these formats[Big + Food Bazaar] together (more…)

The Global Trendz Retail – GTR JV between Hardcastle Restaurants [owners of McDonalds India] and Jalans of Prakash Mills Mumbai have joined hands to launch Bungee Stores for kids. The first store opened for business in Kalyan Mumbai.

Disney Baby is a their brand targeted for toons between the age group of 0 – 4 years, while (more…)

India is a large consumer of Gold. With soaring prices sales have been under pressure for organized Gems and Jewellery Retailer like Tanishq. Here is the Reality Check of the Industry and the management’s views on the same.

Tanishq gold jewelry volumes have come down. Margins are now partly linked to gold price and hence profitability is less impacted than sales. Also, higher margin diamond jewelry has been growing (more…)

Fabric Spa chain of laundry promoted by Jyothy Laboratories has acquired Snoways for an undisclosed sum. Snoways is the second largest chain in Bangalore after Band Box. Snoways had a topline of Rs 5 crore while the later has Rs (more…)

You have already read that PAN India retailers are facing significant slowdown or shut down. One of our Associates did a retail reality check with small or independent retailers in Kolkata and the findings suggest that they are affected by the slowdown but not as much as their Large competitors.

Shagun a Wedding Mall of 20,000 sft is likely to register a turnove of Rs 20 cr for FY09 which is higher than Rs 17.5 cr it did in the last FY. Mr. Khaitan of Shagun is of th view,

Thankfully we have already crossed our last years revenue and out business has not ben affected that much, simply because we are into wedding wear. Even now consumers go overboard when it comes to shopping for the bride and groom. The meltdown dos not matter as shopping for bride and groom is (more…)

Godrej Agrovert promoted Gourmet retailing chain Nature’s Basket will be spun off into a separate entity as it is highly profitable and can thus grow on is own. You may recall that Godrej groups retail initiative included Aadhar – Rural Retail Chain where they divested 70% stake in (more…)