Friday, 19 October 2012

Retail News


Retail Events
 Title: Retail Knowledge Series 2012
 When: Nov 03, 12 - Nov 04, 12 
 Where: Pragati Maidan - New Delhi
 Category: Domestic Events

Title: Franchise Knowledge Series: 2012
When: Nov 03, 12 - Nov 04, 12 
Where: Pragati Maidan - New Delhi
Category: Domestic Events




RETAIL BREAKFAST NEWS 
What makes the Indian shopper different and what retailersought to do to keep them hooked?

Retailers and product manufacturers need to be on their toes. The retail landscape in India is evolving quickly and shopper expectations are soaring. Consumers are no longer content with the ordinary or the predictable, they are now looking to draw emotional connections with a brand and to have more meaningful retail experiences. A new study from Fitch reveals that the Indian shopper has a particularly high desire for inspiration. Indeed, 69% of Indians want to be inspired when they shop, compared to only 49% of UK shoppers and 51% of Americans. Local retailers will need to react to this call for creativity to ensure that the traditional bricks-and-mortar store remains relevant and engaging, especially with the advent of FDI. The apparel sector in particular must pay heed to the dramatic surge in customer expectations. India's plea for inspiration is loudest among these shoppers with 84% of Indian women aged 16-24 expressing a wish to be inspired when shopping for fashion. So what can a clothing store do to meet these burgeoning desires?





RETAIL POWER LUNCH



News - Headline, Apparel, Specialty


News - Food, QSR







Retail Prime Time




 Headline, Apparel, Specialty







Pavers England to buy out Indian franchise partner

UK-based footwear retailer Pavers England will buy out its franchise partner, Chennai-based Triton Retail, as it gets ready for solo journey in India following government's approval of its proposal to invest Rs 100 crore in single-brand retail. The company at present runs 30 stores in different cities in India through Triton Retail. "We will be probably acquiring them. The valuation will depend on whether we acquire them partly or fully. Ideally, we would like to acquire some stake initially and then gradually ramp up," Pavers England Footprints India CEO and Managing Director Utsav Seth said.


·         Reebok offers 30-50 percentdiscounts ahead of switchover to new business model
·         Brooks Brothers and Damianiallowed to set up stores in India
·         KGK opens global retailentity in Mumbai
·         Woodland stores to go carbonneutral by 2015
·         Bajaj Finance sees FDI in retailboosting consumer loans
·         Retail outlets hiringdifferently-abled 
·         Wear super cleaner jeans andsave the environment
·         E-commerce market thrives onthe dual benefits of convenience and flexibility
·         Government bridges gap betweenretailers and farmers
·         RmKV keen to woo women intoweaving
·         Starbucks-Mumbai store's design,food to catch Indian eye
·         Chatwal's Italian eaterydebuts in Mumbai
·        CCD, Barista say no plans totake on Starbucks' killer pricing
·         Indian Cafe Market to be $410million industry by 2017: Technopak 



No probe ordered into Wal-Mart, govt officials say

The government has not ordered a probe into Wal-Mart Stores over accusations that the US retailer had violated foreign ownership rules, officials said on Thursday in response to a media report. Wal-Mart, which is expected to open its first Indian store after a change to ownership rules, said it had not been contacted on the subject by Indian authorities. A news report said the Commerce Ministry last week asked the Reserve Bank of India (RBI) to investigate allegations that the world's largest retailer had "clandestinely and illegally" invested in supermarkets in the country. The accusations were made by a Communist Party member of parliament in a letter to the prime minister.




·         Actis in talks with Tesco,7-Eleven for Nilgiris stake sale
·         Court proclaims absconders inKoutons cheque-bouncing case
·         US-based Fossil Inc to invest$4.5 million in India
·         Puma is official merchandisepartner to Buddh International Circuit
·         Infiniti Retail sees businessin durables repair
·         Myntra.com working on mobileapp
·         FDI in retail: Govt to set uppanel on internal trade reforms by month-end
·         Inspan launches new retailcompany
·         eBay's Q3 net income rises 22percent
·         Yum to have "OneTechnology, One Standard" in India and China
·         Cafe Coffee Day gears up tobattle Starbucks 
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