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Year: 2012

Malls and Stores

Gulmohar Park – Shopping Destination in Ahmadabad

Gulmohar Park in Ahmedabad Opened for business in late 2008. Located on Satellite Road, Gulmohar Park is spread across 5 floors and 220,000 sq.ft. offering an exciting variety of shopping, entertainment and food.

Lifestyle brands like Promod, Charles & Keith, Chemisty, Tres Mode. Anita Dongre and Stephen Brothers are made available in the city for the first time. The youth have a wide choice from Planet Sports to Nike, Pepe, Lee Cooper and Spykar. Families can shop at Pantaloons, e-zone and Trident, while kids can raid UCB Kids, Lilliput, Scram, (more…)

News & Views

FDI in Retail Helps Growth + Operational Benchmarks for Success – Biyani & Vineet Kapila

ICICI recently hosted an interactive session with hosted Mr Rakesh Biyani (Joint Managing Director, Future Group) and Mr Vineet Kapila (Managing Director and CEO, Spencers Retail) to discuss their experience on the evolution of Indian retail industry and share their insights on the way ahead. Here is an excerpt of the proceedings of the session.

Retail Growth from product assortment and supply efficiency
Indian Retail industry is bound to grow if supply keeps pace with growing demand. Therefore (more…)

Retail Brands

India Organized FootWear / Shoes Retail Chain & Brands Review

The Indian footwear is growing at over 10% annually, with the organised segment growing at almost double the industry. Domestic footwear market, estimated at ~Rs 250-300bn, posted CAGR of 10% over 2006-11, With increasing consumption, growing popularity of online shopping, higher affordability and rising income level, per capita footwear consumption is expected to rise to 2.2x from present of 1.87x.

Indian Footwear market is the third largest in terms of pairs sold after China and the United States. The chart below shows rising per capita of footwear / shoes consumption in India. (more…)

Retail Research

Shoppers Stop – India’s Largest Department Stores – Performance Outlook 2012

Shoppers Stop is the largest department store chain in India. The company also has a 51% stake in Hypercity, a hypermarket format. We’d like to review the performance in the past quarter and outlook going forward.

Trends in July and August were similar to those seen in Q1. However, September has been better than expected. Hopeful that the festive season will see some traction. Should have visibility starting mid October. What we have noticed is due to the slowdown, breakeven for new (more…)

News & Views

Indian Consumer environment Soft, Focus on Costs & Inventory control – Pantaloon / Future Group

Kishore Biyani promoted Pantaloon / Future Group Retail is the second largest retailer in India after Reliance Retail. In an address to the Analysts, management of Pantaloon said the consumer environment has remained soft in recent months quarter. While the sale period saw some traction, demand declined afterwards. Trends have been weak in apparel but better in food. They are Cautiously optimistic on December quarter given festive season and a large number of wedding dates.

Within apparel, the company is focusing on (more…)

News & Views

Focus on retail ecosystem critical to Indian economy’s long term success – Anupam Yog – Virtuous Retail

With the Indian Government taking some Daredevil Policy decisions on opening the gates for FDI in Retail Sector, we caught up with Anupam Yog, Director – Marketing Virtuous Retail Services. Virtuous is a retail real estate asset platform sponsored by The Xander Group Inc., with an initial commitment of USD 600 MM in equity. Mr. Yog in an exclusive interview to RetailMantra, shares his views.

51% FDI in Multi-Brand Retail in India
How many Foreign Giants are in the Queue at Ministry of Commerce & Industry to enter India ? And how many potential retailers, in your view are on the sidelines or exploring India opportunities? (more…)

Retail Research

Mainland China, Oh! Calcutta, Flame & Grill – Speciality Restaurant Chain – Business Review

Speciality Restaurants Ltd promoted by the Chaterjees forms part of the organized food-service market, which is in a nascent stage and forms only ~20% of the industry. It is estimated that various categories of the organized food industry combined is growing at ~25% a year, driven by demographic and socio-economic changes such as rising disposable income, increasing number of working women and growing urbanization.

Fine-dining restaurants are at the top of the evolution of eating habits. Specialty Restaurant [SRL] Chain operates 12 different brands in this category and is favorably placed in this market. Brands of SR are as follows, (more…)

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