India Retail News and Research
It is truly amazing on how soon Indian retailers have changed their business strategy – from aggressive expansion plans and vision 2010 to closing down non-viable stores and putting on hold all further openings – Courtesy: Global Economic Crisis and Local Liquidity Crunch 🙂
Leisure store chain – Odyssey involved in retailing of (more…)
Some formats of Reliance Retail have probably seen less footfall – it is to compare with last year since we didn’t have many formats. Even compared to what it used to be in April, May and June in (more…)
Olay is giving away a free sample of its new product Total Effects. This product is made after years (more…)
Titan Watches launched its WWF Collection inspired from half a dozen endangered species of animals. It is available in 13 different styles and is priced (more…)
Indian Coffee Chains is the second Article of our focused coverage about Retail Chains in India. Indian Apparel Chains was the first article in the series.
Organized coffee shops in India is a big business which is growing at the rate of 35%. It is likely to reach $200 mn by the end of 2010. Seeing this potential, International chains like UK based Coffee Republic, Italian Coffee major Caffe’ Nero and Germany’s Cup n Cino are looking for retail partners in India to make their foray into the market. The number of branded coffee outlets in India is expected to increase to 2,600 stores in the next two years from present 1,250 outlets.
Coffee sold through branded outlets is worth Rs 600-700 crore a year at present and that market is expected to business of over Rs 10,000 crore in the next five years. Chains such as Costa Coffee, Gloria Jeans and Coffee Bean & Tea Leaf are among the foreign brands that have opened stores in India.
Global players are foraying (more…)
Future Group’s various retail formats did brisk business during the Festive season of Diwali and reported significant sales growth Y/Y basis.
Total sales for October’08 were up 82% y/y at Rs7 (more…)
Alok Industries promoted Home & Apparel chain of retail stores will be part of Arvind Retail after Alok Industries hives of Arvind Retail as a 100% subsidiary. The sub-division process (more…)
Indian retailers have turned cautious and are revisiting their business plans as dark clouds still loom large over the economy and spending on borrowed money.
Overall retail market managed to grow by mere 2% for Q2 FY09 according to Nielsen report on Indian retail. The tightening consumer credit has hit the middle market the report added.
Mr. Kishore Biyani, the Pioneer of Indian retail said,
We (more…)