Headphone Zone – Exclusive HeadPhone Retailer Goes Online
Headphone Zone, India’s first exclusive Headphone and Earphone retail brand, has announced the launch of its online store, www.headphonezone.in. A unique multi brand retail concept that combines Music, Electronics and Fashion, Headphone Zone operates 10 retail stores in Bangalore, Mumbai and Chennai, and now hopes to leverage India’s eCommerce growth by bringing its retail experience across India via the webstore. Headphone Zone features over 800 different Headphones, all unique with a point and purpose. Just like no two individuals, their personalities and styles are the same, the same applies to Headphones.
Headphones are increasingly becoming an (more…)
Bata to Expand Stores in Tier 3/4 Cities by Franchisee Route
Bata in an Analyst Call stated that against its steady state run-rate of 100 new stores targeted annually in future, the firm has already opened 64 new stores so far in CY14. Management expects to open upto ~160 new stores in total during the year including ~120 new stores under the “Bata” format and ~20 stores each under the Hush Puppies and Footin formats.
Bata India Management highlighted the following initiatives which are underway to gradually expand its footprint in Tier 3/Tier 4/rural parts of the country – The company will follow franchisee route (inventory, rental and all other (more…)
How TBZ – PC Jewellers – Gitanjali Gems Compare With Each Other ?
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…)
Titan EyePlus – The Lifestyle Eyewear Retail Chain
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 Growth in Single Digit – Expansion Continues
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…)
Domino’s Vs Pizza Hut – Inflation / Low Growth Effect
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…)
Bata India Premium Brands did well, store closures were significant
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…)
Guest Post: Evolution phase in India Retail Industry: Who’s Up To What?
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.
- India has over 230 million Internet users and since 2009, it has witnessed more than 1,200 e-commerce firms opening shop in the country.