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Arvind Q2 Net Up 39% To INR 90 cr, Brand & Retail Sales Grow 45%
Encouraged by such health growth in the first half of the year, the company has
revised its internal growth revenue estimated to about 24% from earlier estimate
of 20% for the current financial year," CFO Jayesh Shah said.
ABRL to invest Rs 100 crore to open hypermarket stores by FY'15
"We expect our turnover to shoot up significantly as we open 8-10 'Hypermarket'
stores spread across metros by next financial year with each store requiring
investment of Rs 10 crore," ABRL CEO, Hypermarket, Russel Berman told.
Jewellers design exchange schemes to lure customers
While GRT has an offer where you get Rs 50 extra for every gram of old gold you
sell, Kerala Fashion Jewellery promises exchange of old gold jewellery to brand
new 916 hallmark jewellery at absolutely no loss.
Not Hyderabad, Ikea's first India store may be in Greater Noida
Even though the Samajwadi Party-led state government is against FDI in multi-
brand retail, it has reportedly welcomed Ikea's single-brand investment with open
arms and is ready to provide land at Greater Noida for Ikea with the necessary
infrastructure to build on.
Metro Cash & Carry indigenizes stores
The German-headquartered company, which has cumulatively invested over Rs
1,400 crore in India, is launching mid-size multi-specialist stores in a bid to target
specific consumer needs in mature markets such as Bangalore.
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Subiksha promoter's firm in multi-crore payment crisis
The Economic Offences Wing (EOW) of Tamil Nadu police is investigating
complaints against Chennai based Viswapriya Financial Services, promoted by
Chennai-based R Subramaniam, a first generation entrepreneur who had shot to
fame with his retail venture Subiksha.
Fast-food chain Burger King to enter India with PE firm Everstone Capital
Burger King, one of the world's top fast-food companies, will soon enter India
through a franchising partnership and majority-owned by private equity firm
Everstone Capital, a rare instance of a PE fund partnering with a fast-food chain.
The curious case of the onion that wasn't there
While there is a general feeling that dwindling output has caused this disruption in
onion prices, an analysis by Yes Bank shows that dwindling output has had very
little contribution to high prices this time around.
Cadbury's, Ferroro, Britannia In Sugar Rush For Rural Market
Of the total Rs 5,500-crore chocolate market, rural India contributes about 16-
17%, while rural villages of population strata 5,000-10,000 contribute about 5%,
which makes it a market of nearly Rs 300 crore growing at 19% CAGR forchocolates and 10% for creams.
Amul Chairman Vipul Choudhary Could Face The Axe
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With as many as 14 of the 17 elected directors of Amul moving a no-confidence
motion against him, Chairman Vipul Chaudhary stares at a situation similar to that
faced by his predecessors, Verghese Kurien and Parthi Bhatol, of a possible ouster.
World's Top 20 Grocers: Globalization Under Review
The global behemoths keep focusing on strengthening their strengths -- home and
key markets -- rather than driving expansion into new markets. Non-core
operations are being divested, even if this affects markets that so far have been
vaunted as the places to go.
E-Tailers Shift To Marketplace Model Sees 73% Increase In Customer
Complaints Q-o-Q
You know that not all is well with online retail when the secretary of the Consumer
Guidance Society of India gives up in frustration after being billed for a product he
did not even order.
Mukesh Ambani forays into chicken business, to take on KFC
Mukesh Ambani-controlled Reliance Industries plans to run an exclusive chicken
restaurant chain in India in partnership with a UK-based company as he seeks a
bite of the quick service restaurant (QSR) pie, which is pegged to grow at 30% per
annum.
Future group may sell assets for debt management, expansion
Speaking to Express, Future Retail Ltd's joint MD Rakesh Biyani said, "After a
period of consolidation, we do continue to hold investments for sale purposes. If
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we get the right market valuations and we feel the need to use the proceeds for
debt management as well as expansion, we could consider leveraging our
investments".
Liberty Shoes Reports 41% Increase In H1 Sales To INR 216 cr
Liberty Shoes Ltd has reported a 153% rise in net profit to Rs 5.62 crore for Q2 -
The company has added 25 new stores in the first half of 2013 to its existing kitty
of over 400 showrooms.
Adidas To Restructure N. America, Europe Ops To Compete With Market
Leader Nike
While Nike's sales in North America and western Europe rose 9 and 8% in its fiscal
first quarter, Adidas reported falls of 11% in western Europe and 2% in North
America at constant currencies in its second quarter.
Videocon's Digiworld eyes small towns
With slowdown impacting sales of durables in the metros, Digiworld, owned by the
Videocon Group, plans to shift focus to tier 2 and tier 3 cities and expects the bulk
of its sales to be skewed towards smaller markets in the future.
Gold coin not a gift option anymore, dry fruits witnessing robust salesDry fruits which form an integral part of gifting are witnessing robust sales at the
retail end but there has been a drastic drop in offtake by corporates while people
are preferring silver coins over gold coins.
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YUM Brands To Invest USD 100M In India, Inaugurates 40,000th Restaurant
In Goa
David Novak, chairman and CEO, Yum Brands, said, "Together with our growth-
ready franchise partners, Yum Brands plans to invest $10 Billion and have more
than 20,000 restaurants in emerging markets by 2020."
Chocolates gain in festive gift demand as dry fruit prices soar 25-30%
Demand for chocolates as a gift item has increased by almost 40 per cent with the
advent of the festive season already and is likely to rise further as dry fruit prices
have increased substantially by about 25-30 per cent, apex industry body
ASSOCHAM said recently.
'Restaurant owners are reluctant to scale up'
Shantanu Nalavadi, Partner at private equity firm New Silk Route (NSR) says, "We
found that most entrepreneurs were happy running just 5-10 outlets and they
couldn't handle 40-50 outlets as there was a reluctance to invest, with most
refusing to put in new machinery."
Govt may ban onion export after price rises to Rs 90/kg in NCR
In other cities, onion is being sold at Rs 60-80 per kg in retail markets. The
domestic availability of onion has been affected on account of damage to kharifcrop because of unseasonal rains in key producing states including Maharashtra.
We will do all it takes to go after market share: Avani Saglani Davda,
Starbucks
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"A total of 25 stores in three Indian cities is no mean achievement, given the
competitive action is intense. But we had identified real estate carefully and saw
the potential the location had to offer before launching a store in these markets,
especially Mumbai and Delhi, where the fight for quality real estate among retail
brands was on the rise" she said.
Increased Sourcing From Zara, Walmart & Other Retailers To Increase
Garment Exports To USD 3B This Year
APEC Chairman, A. Sakthivel said that due to surge in compliance norms, during
the last six months apparel exports are recording positive growth of almost 13%.
LED TV Sales Increase 400% Due To Duty Curbs On Imported Sets, Factories
Run At Full Tilt To Fill Demand
India's top four television makers, Samsung, Sony, LG and Panasonic, are reporting
four-fold increase in LED TV sales ever since the government imposed a duty on
flat panel TV sets brought in as part of passenger baggage in August.
Jewellers offer host of freebies to lure customers as growth dips this festive
season
Prices of gold have witnessed a rollercoaster ride in the current fiscal- went down
to Rs 26,000 per 10 gm in May and then again it went up to Rs 33,000 per 10 gm inAugust.
Online blasts - Fireworks dealers try out online stores
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The dealers are finding the online venture more profitable as they get a huge
discount after buying in bulk from manufacturers plus they save cost on setting up
a brick-and-mortar shop and adhering to safety norms that go with it.
Amazon Sets Up Shop In Warehouses Of Suppliers, Speeds Delivery
Amazon has created Vendor Flex, a program in which the online retailer
establishes a presence in warehouses of key suppliers, including Procter & Gamble.
Tata-Starbucks 25th Indian Outlet In Pune Within First Year Achieves Half
The Target Initially Planned
Tata Starbucks head Avani Davda declined to comment on this, saying the
company is privately held and not bound to share business details or numbers.
McDonald's Results Fall Short Of Expectations As Wings Fail To Take Off
McDonald's same-store sales rose 0.9% globally in the quarter while revenues rose
2.4% to $7.32 billion, trailing the$7.33 billion average estimated by 23 analysts.
Delhi: Onion prices touch Rs 90 per kg, may hit Rs 100 soon
Market watchers said the quantity of fresh arrivals were not as much as expected
and this was likely to further raise prices over the next one week.
Tata Starbucks goes desi, launches exclusive Indian blend
Called India Estates Blend, the coffee is sourced from the finest arabica beans
produced at Tata Coffee's four estates in Chickmagalur.
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Fine dining: Popular with young crowds but faces hurdles
A look at an August 2013 report by industry body ASSOCHAM shows that the size
of the gourmet market in India is Rs 7,500 crore, growing at a CAGR of 20%.
EasyDay ready to face the tough Walmart split
After the split, the shared assets between Bharti and Walmart could create a
problem as they have common suppliers, real estate bunched together for cash-
and-carry and retail operations and even shared personnel for certain functions.
HomeShop18 Raises USD 14M From GS Home Shopping
Sundeep Malhotra Founder & CEO, HomeShop18 said, "This round marks an
inflexion point for the business as the company rapidly moves towards
profitability while continuing to scale up revenues."
Raymond Reports 84% Jump In Q2 Profits To INR 92 cr As Textile Biz Sees
Margins Expansion
"Our strategy to enter and consolidate our presence in smaller towns and cities
with our iconic brands is giving desired results. We will continue to focus on
improving operational efficiencies, strengthening of our brand portfolio and
expanding retail coverage to consolidate our end to end leadership position in the
country," said Gautam Singhania, CMD, Raymond.
V-Mart Q2 Sales Jump ~54% To INR 122 cr
V-Mart Retail Ltd today reported over two fold increase in net profit at Rs 2.81
crore for the second quarter ended September 30, 2013.
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Woodland to invest Rs 500 cr, boots up for adventure gear stores
It is also increasing production capacity from four million pairs a year to six million
pairs, to cater to the demand from retail expansion, and build four new factories in
Himachal Pradesh and Uttarakhand, and increasing capacity at its plant near
Chennai.
Jewellery group Joyalukkas to debut in Gujarat with two stores
With over 90 stores globally across 10 countries, the new stores to be inaugurated
by Hrithik Roshan will mark Joyalukkas first venture into Gujarat.
Taco Bell potentially bigger than KFC in India: David Novak
"We are enormously excited about India and its long-term growth potential, which
is one of the reasons why we made it into a separate division...The other reason we
made India into a separate division is because of the great local management team
which I directly wanted to supervise."
VCs Hungry For Share Of Online Food Service Market
Pune's Trinket Info Services, which owns TastyKhana.com, has partnered with
Germany-based Delivery Hero and raised $5 million while PoshVine.com, a well-
known player in the online restaurant reservation space, raised Rs 25 lakh fromseed investor MyFirstCheque.
Britannia Looks To Divest 'Daily Bread', Key Supplier To Major QSRs
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Daily Bread has a network of 31 stores and cafes across Bangalore, Hyderabad and
Goa selling European-styled specialty breads, cakes, pastries, muffins and salads.
With three manufacturing facilities, Daily Bread is also a lead supplier to KFC,
Domino's , Caf Coffee Day and multiplex chains.
Starbucks Opens First Tea Bar In Bid To Enter USD 90B Market
Starbucks, which dropped the word "coffee" from its logo more than two years ago,
acquired Atlanta-based Teavana in January for about $620 million, the company's
biggest acquisition and has been expanding beyond java, buying juice brand
Evolution Fresh Inc. in 2011 and pastry company Bay Bread LLC last year.
Reliance Retail to enter e-commerce space, compete against Amazon and
ebay
Reliance Retail, which operates over 1,500 stores including hypermarkets, digital
stores, jewellery outlets and apparel stores in 136 cities nationwide, might adopt
the marketplace model.
Oh To Be An Amazon! Wal-Mart Looks At Tech To Stay Ahead Of The Curve
America's largest retailer, which for years didn't blink at would-be competitors, is
now under such a threat from Amazon that it is frantically playing catch-up by
learning the technology business, including starting WalmartLabs, its dot-comheadquarters.
Adarsh Gupta, Liberty Shoes Promoter Gets 6 Months Jail For Illegal Labor
Practices
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Liberty Shoes had closed down a unit in Gharunda, near Karnal, and retrenched
1,500 workers in November 2008, an act termed illegal.
Snapdeal Eyes INR 2000 cr Turnover This Fiscal Buoyed By Doubling Of
Festive Season Revenues
Sales are largely driven by mobiles, tablets and laptops which have seen 110-120%
growth this month, says company Vice President Tony Navin.
Apollo Pharmacy to add 250 outlets every year
The Apollo Hospitals' firm has clocked Rs 1,150 cr turnover in FY13 and has grown
between 30 to 35 per cent every year due to consistent demand from metros and
other cities.
Poor quality retail space affecting retail real estate: Experts
Though interest for expansion is there, international retailers are not proactive
because of the ups and downs in the economy and no clarity on the future, hence
focusing only on top 10 cities now.
Liquour retailers go online to raise a toast to the $35 billion growing market
Entrepreneurs and liquor vendors in India are betting on the online model to win
more customers, while making it easier for people to order their favourite brandsof beer or wine on the Internet.
Chennai High Court case still haunting Wal-Mart India
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The suit claims Wal-Mart broke India's ban on foreign investment in supermarkets
and other stores that sell multiple brands of products when it in 2010 bought
convertible debentures from Bharti's Cedar Support Services which owns Easyday.
Allen Solly's growth up 40%, eyes 200 stores this year
"We started this year with 140 retail outlets and now have 170 and expect to add
30 more stores this year, thereby significantly expanding the presence with
exclusive outlets," Sooraj Bhat Ullal, Brand Head-Allen Solly.
McAloo Tikki Shows Adaptability Of Indian Fast Food In QSRs
The McAloo Tikki has overtaken McDonald's other offerings -- including that
insipid western potato contender, the hash brown -- shows that Indians have their
own ideas of what to bite into, whether by the roadside or at a McRestaurant.
Godrej's Nature's Basket Doubles Products To ~6000 As INR 6000 cr
Gourmet Foods Category Proves Indifferent To Slowdown
Godrej's Nature's Basket has 29 company-owned and operated stores and CEO
Mohit Khattar said footfalls had been growing at 20% annually and the average
ticket size was Rs 750.
Mumbaikars paid Rs 1,150cr extra for vegetables from Apr-SepThe actual extra amount the public paid could be much higher than the estimate:
Agriculture Produce Marketing Committee sources said retailers often hike prices
by 60-70% and sometimes by over 100%.
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Trent set to launch third hypermarket format
The new store will typically have a floor area of around 25,000 sq ft against Star
Bazaar's 50,000-80,000 sq ft and Star Daily's 1,800 sq ft with the first outlet
expected to become operational in six to eight months.
Dhabawallas, the new target of Cola giants racing down the rural path for
growth
Coca-Cola India has launched a programme to train dhabawallas in the basic skills
of handling customers and managing eating joints & PepsiCo India is focusing on
quirky marketing campaigns and a more robust distribution model to woo rural
customers.
The Happy Hours promotion has revived the coffee business post 6:30 pm:
Costa Coffee CEO
"Earlier, some outlets did only 20 transactions after 8.00 pm which changed to 60
transactions during the Happy Hours promotion and after the end of the
promotion, the number of transactions across most of our stores stands at 30."
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