India Retail News and Research
We’d like to present a comparison on how jewellery retail chains TBZ – PC Jewellers – Gitanjali Gems stack against each other.
TBZ – Tribhovandas Bhimji Zaveri
TBZ’s gold jewellery and diamond-studded jewellery mix is 75:25. While 50% gold demand is from wedding, it is 40% in case of diamond jewellery. The share of fashion jewellery in gold and diamond is 50% and 60%, respectively. Revenue mix between gold and diamond jewellery has (more…)
In eyewear, Titan operates through Titan Eye+ brand wherein it has 278 stores (out of which ~80 are company owned and others are on franchise) offering a wide variety of prescription eyewear, frames, lenses, sunglasses, contact lenses, ready readers and accessories. Titan imports frames, though lenses are manufactured in house.
Titan relies heavily on innovation to drive growth in this (more…)
Shoppers Stop (SS) departmental stores achieved growth of 8.4% YoY in Q4 FY 2014. East continues to be the best performing region with the highest growth rate. It was followed by north, south and west (in that order). Share of non-apparel category declined by 290bps YoY due to tepid sales of fine jewellery. While private label sales grew 11% YoY, mix decreased by 60bps as various competing fashion brands were being offered at a discount in Q4FY14.
Six SS stores have not met company’s criteria of achieving profitability within 24-30 months. Company is working on (more…)
The Pizza industry checks suggest that consumer sentiment remains weak but has not worsened in 4QFY13 as inflation in vegetable, chicken and wheat prices has eased compared to past 8 quarter averages. There is very limited visibility on shifts in consumer sentiment currently.
Jubilant Foods, the Master Franchise of (more…)
India’s Leading Footwear retail chain, Bata India has added 95 new stores and renovated 83 stores in CY 2013. However, the company seems to have also closed a high number of stores during CY13 indicated by the disposal / reduction on the Gross block of fixed assets. The store closures though would be older small sized stores, which were not necessarily located in prime locations and would not be performing well as they are constrained by the location and product range.
In CY13, we note that premium brands (more…)
Strategic innovations and quick adaptation to the emerging trends in Retail industry is happening round the clock as the global retailers prepare themselves for the fierce competition posed by their peers. And the India’s story is no different; below are some facts to substantiate that.
In the apparel value chain, fibre suppliers (whose cutting-edge technology may help breed innovation) and brand owners are the most profitable operators. Other textile players in between may have divergent profitability depending on their capabilities, capacity and customer strategies, etc. In this report, our focus is on those names dealing with cotton or synthetic fibres.
Yarn makers’ profits are relatively volatile, depending on the price fluctuations of raw materials. However, the huge initial capex may deter new entrants and hence (more…)
Reliance Retail has significantly stepped up the pace of store operations across various segments over the past few years and now operates 11.7mn sq ft of retail space. Reliance Retail has emerged as the largest retail chain in the country and is now closing in on Future Retail in terms of revenue (for comparable value formats). Below are key highlights of the company’s performance in Q4FY14 and FY14.
Despite difficult Economic situation under the Corrupt Congress Regime, Reliance Retail added 225 stores over FY14 taking total store count (more…)