SCAI Dossier

  • Scai Dossier - March - Vol 1
  • SCAI Dossier

     Retail Industry News 

    Realty Players Want Industry Status For The Sector
     NEW DELHI, Feb 27, 2012:
    Property consultants and real estate developers have demanded industry status to the realty sector in the forthcoming Budget. They have also sought incentives to promote affordable housing segment and an increase in the tax exemption on home loans. To boost supply, they have also asked for a...

    Delhi For Kids: Weekend Escape Now Means A Mall Crawl 
     NEW DELHI, Feb 26, 2012:
    Parents are tired, children restless, and all they want are a few funfilled hours on the family holiday. Malls offer just that with shopping, food, movies and more. Scores of shops with colourful window displays and stylish mannequins line the marbled flooring; restaurants , cafes, and bars scream the latest...

    Soaring Rents Worry Retail Chains
     MUMBAI, Feb 22, 2012:
    Both Indian and international retailers find the challenge of locating suitable commercial space daunting. Now, such space is also one of the most expensive internationally. So much so retailers say the ‘shocking’ and ‘unbelievably high’ property prices savage their rent-to-revenue ratio...

    Discounts Boost Sales Growth At Retail Companies 
     Feb 22, 2012:
    The festival season didn’t quite end on an optimistic note for retail companies Pantaloon Retail (India) Ltd and Shoppers Stop Ltd, going by their financial performance for the quarter ended 31 December. Both companies saw weak same-store sales or like-to-like sales growth. This refers to the sales...

    Taking A Shine To The Seconds
     NEW DELHI, Feb 22, 2012:
    Love brands but are budget-strapped? Despair not. Help, in the form of ‘factory seconds’, is coming your way for cheap. Be it a new-looking refrigerator, a television or a toaster, outlets that sell branded durables and consumer goods like footwear and apparel at deep discounts — 20-40% off...

    R-City Mall In Mumbai Is Named "Shopping Centre Of The Year" 
     MUMBAI, Feb 16, 2012:
    The Runwal Group, owner of the biggest retail mall chain in Mumbai has been awarded for Retail Excellence at the Asia Retail Congress 2012. Among the awards that The Runwal Group obtained was “Shopping Centre of the Year” for their R-City Mall, where KidZania Mumbai is currently being built...
     Retail Company News 

    Sahakari Bhandar Gets Facelift 
     MUMBAI, Feb 29, 2012:
    Fifty- six year-old Mukta Joshi, a resident of Dadar in Central Mumbai, says she enjoys shopping in the refurbished Sahakari Bhandar co-operative store, now managed by Reliance Retail. That’s music to the ears of Vinay Adhye, vice president and business head at Reliance Retail. Adhye, who manages...

    Reliance Retail Sees Top-Level Churn Again
     Feb 28, 2012:
    Reliance Retail, the retail subsidiary of India's largest private company Reliance Industries (RIL), is facing another round of top-level churn. Andrew Campbell, chief brand officer of Reliance Retail, who was hired from the Thailand arm of the British retailer Tesco in early 2010, has stepped...

    Bharti Walmart To Open 10-12 Stores In 2012 
     Feb 27, 2012:
    Bharti Walmart's Raj Jain told CNBC-TV18 that demand in the food and FMCG segment is not waning. The company has plans to open 10-12 additional cash and carry stores in India in 2012, which will generate employment for about 5,000 people. Jain said, "We have had a good start, we are very small...

    Gitanjali Gems Close To Second Acquisition In China
     MUMBAI, Feb 27, 2012:
    Gitanjali Gems, India's largest jewellery retailer, is close to acquiring a jewellery retail company in China and hopes to announce a deal in the next 2-3 months, a top official said. In December 2011, it acquired Hong-Kong based jewellery manufacturing company Crown Aim, but has so far not...

    Godrej Interio Eyes USD 1 Billion Revenue By FY'17 
     MUMBAI, Feb 26, 2012:
    Furniture major Godrej Interio is aiming an revenue target of USD 1 billion by FY'17. "We have set a revenue target of USD 1 billion by FY17," Godrej Interio COO Anil Mathur told PTI here. The company is also expecting its overall revenue to go up by 25 per cent to about Rs 1,500 crore in...

    Future Revives JV Deal With Skechers Shoes
     MUMBAI, Feb 22, 2012:
    Kishore Biyani, whose proposed licensing and distribution venture (JV) with US footwear retailer Skechers fell through last year, has revived partnership plans with the foreign firm. It has even seconded one of its senior most executives Sanjeev Agrawal previously joint CEO at Future Value Retail as...

    Louis Philippe Bets Big On Footwear Space 
     NEW DELHI, Feb 22, 2012:
    Louis Philippe, the super premium men’s apparel and accessories brand from the house of Madura Fashion and Lifestyle, is betting big on its footwear business. The company will open up to 30 exclusive footwear outlets across India in the next three years after the success of it sole outlet, which is...
     Product News 

    GMR Sports Enters Merchandise Game With ‘Superfan' Range
     NEW DELHI, Feb 28, 2012:
    GMR Sports, owners of Delhi Daredevil, will be shortly launching its own exclusive merchandise range. The IPL franchise owner is getting into the merchandise game to create additional revenue, as well as a way of bolstering the team's brand equity. It will tap into its fan base to sell the...

    Lenovo India Launches First Store For Smes In Pune 
     BANGALORE, Feb 27, 2012:
    Personal computer maker Lenovo inaugurated its first PC store for small and medium enterprises ( SMEs) in Pune. The store aims to address the specific needs of the SME customer by making the 'Think' brand accessible to them and offering solutions that address the SME community, the company...

    Frette Enters India, Eyes $20m Revenue In 3 Years
     MUMBAI, Feb 26, 2012:
    Italian luxury linen brand Frette has entered into the Indian market with the opening of its first store in Mumbai and is eyeing a revenue of $20 million from here in three years. The Milan-based company has entered through a franchise route. “Our expectation from India is huge. A revenue of $20...

    Knight Riders Planning New Merchandise Range 
     KOLKATA, Feb 25, 2012:
    A new logo and slogan apart, Shah Rukh Khan's IPL franchise Kolkata Knight Riders (KKR) is planning to unveil a new range of KKR-branded merchandise in the fifth season of the Indian Premiere League (IPL). The franchise is already in “advanced talks” with a couple of companies in this regard...
     Government News  

    Kerala To Launch Retail Management Institute
     KOCHI, Feb 27, 2012:
    To fill the existing gap in training and development of retail skills for the growing retail industry particularly in Kerala, the State Government has announced the launch of a Retail Management Institute. The institute is being set up jointly by Infrastructure Kerala Ltd (INKEL), Kerala Bureau of...
    SCAI Dossier, is a weekly online press digest and carries edited extracts from news stories. To view the complete story click on the link provided for the article. SCAI Dossier has not verified these stories and does not vouch for their authenticity. SCAI Dossier is not responsible for failure to receive its newsletter due to spam filters, address-book filters, filters imposed by Internet serviceproviders, or inability/failure of subscriber company's email servers or its Internet service provider to deliver the newsletters.
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