Month: March 2009

Trutek, owners of Nitara Furniture Brand is all set to plunge into testing the White Goods Retail Market under the brand name Nitara Home. The company has taken a strategic decision to start from the bottom (more…)

Yesterday, we covered the Key Trends from Food Forum India – 2009. Today we will see the key challenges faced by Food and Grocery Retail Chains in India.

Retailers argued that the principal advantage of food and grocery shopping with organized retailers is the assurance of quality that is normally not the case with most of the kiranas and road-side vendors in India. Government & Retailers to work towards maintaining Food Quality at all points across the value chain. India currently is at a nascent stage where food quality and safety technology is concerned (more…)

Our analyst attended the Food Forum India 2009 and here are the key takeaways from the forum.

Growth to be fueled by Small Wallets – India’s Retail Sector will witness the best period between 2009-14 when the industry will continue to grow, and consolidation would set in with most of the top global retailers having a presence in India. India currently is the fourth largest economy on Purchasing Power Parity terms and is all set to become the third largest by 2013, leaving Japan behind. It is expected that there will be around 300 million middle class consumers in India by 2013 propelling growth of the Organized Food Retail (more…)

In just over two years, Reliance Retail, Reliance Industries’ retail subsidiary, has emerged as India’s 2nd largest retailer with retail space of 4.2m sf (Pantaloon consolidated 10.5m sf).

Its equity capital as on Mar-08 was (more…)

Now don’t you all know about HMV or heard about it in India ? Yes that’s correct, HMV in partnership with RPG group are into the music industry – Saregama for quite few decades. However, the RPG group (more…)

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…)