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|October 18, 2012||News for the Retail Industry|
Indian Design- Pumas first sustainable store in the world
| Active Discussion || |
Read more / Join the discussion on LinkedIn
| At a Glance || |
News - Headline, Apparel, SpecialtyNews - Food, QSRTrends & Insight
| News - Headline, Apparel, Specialty .. || |
A PIL has been filed in the Madras High Court, seeking a direction to authorities to examine, investigate or consider investment by a subsidiary of multi brand retail company Wal-Mart in two Indian firms in March-April 2010. It said that in March and April this year, Wal-Mart Stores Inc, USA, through its subsidiary, in collusion with two Indian firms, illegally invested Rs 455.80 crore in multibrand retail in India by masquerading it as for 'Services Sector.' Petitioner T Vellayan, President, Federation of Tamil Nadu Traders' Association contended Wal-Mart also holds a 49 percent interest in the Indian company, operating multi-brand retails stores in various formats in the country.
| News - Food, QSR || |
| |Aditya Birla PE invests in Olive Bar and Kitchen
Aditya Birla Private Equity, a part of the Aditya Birla Financial Services Group, has invested an undisclosed sum for a minority stake in fine dining restaurant-operator Olive Bar and Kitchen Pvt. Ltd, which owns the Olive, Monkey Bar, LAP, Ai and Soul Fry brands. While Bharat Banka, Chief Executive, Aditya Birla Capital Advisors, declined to give details of the deal, another person close to the transaction said the private equity (PE) firm has committed $15 million to Olive Bar and Kitchen, to be paid in tranches. Banka said the company invested in Olive Bar after evaluating 20 dining chains.
| Trends || |
| |MAHB retail arm, German giant Fraport want out of Delhi airport deal
Business Times Malaysia
Malaysia Airports Holdings Bhd (MAHB) retail arm, Eraman Malaysia, along with German airport giant Fraport, plans to pull out of Delhi International Airport Ltd (DIAL), a media report said. "GMR Group is willing to pick up the equity stake of its joint venture partners, Fraport and Eraman Malaysia, which want to pull out of DIAL, the company that runs Delhi airport," it has been reported. A senior executive of GMR Group confirmed the report. DIAL is a joint venture consortium in which GMR Group has about a 54 percent stake, with the state-owned Airports Authority of India (AAI) having 26 percent, while Fraport and Eraman Malaysia, through Malaysia Airports (Mauritius) Pvt Ltd, have 10 percent each.
| Insight || |
| |Indian Design- Pumas first sustainable store in the world (Premium) - View Free Sample
The Window backdrop is printed on UV printed canvas cloth stretched on frame made with waste and particle wood. The fa ade is made of super clear glass that allows 20% more natural light into the store . The Main signage is restored from a store that was shut.. In keeping with their mission of becoming the most desirable and sustainable Sport lifestyle company, PUMA opened a sustainable PUMA Store in India, the first of its kind worldwide revolutionizing the concept of retail spaces globally. Establishing this sustainable PUMA flagship Store demonstrates the brand's commitment to reducing CO2 emissions, energy, water and waste in PUMA offices, stores, warehouses and direct supplier factories by 2015. The store is located on the popular high street of Indiranagar in Bangalore and is spread over a total of 5000 sq. feet across four levels. While the lower three levels will serve as a retail area, soon to come is a 'PUMA Social Club' cafe and bar which will be located on the upper floor and terrace and will be ready to open by the end of 2012. "The building is a true design marvel and incorporates a host of innovative sustainability features to make our sustainable PUMA Store a one-of-a-kind retail experience", said Rajiv Mehta, Managing Director PUMA South Asia. "We are pleased to be a pioneer in sustainability again with setting new standards for an environmentally-friendly and resource-saving store concept in one of India's best shopping locations." .
| |Indian Design- Next Generation Viveks (Premium) - View Free Sample
The fa ade design strategy was to give the brand very high visibility with a distinct architectural sign. Creating a new look for a new customer, leading consumer electronic brand Vivek's has redesigned its showroom in Bangalore to give a fresh, spacious and contemporary look that is meant to attract a younger audience. Designed by DFC, FRDC the new store concept appeals to the youth with its minimalistic and no-fuss environment. Established in 1965, Vivek Limited is one of the leading and trusted consumer electronics and home appliances retail chain in India serving millions of consumers. Recently it piloted a reimagined brand concept to appeal to a younger audience by revamping its Jayanagar store in Bangalore. The new 'GeneratioNext showroom' offered the best CDIT brands in an environment which is updated, uncluttered and interactive. Undergoing a complete makeover after 17 years, the Jayanagar showroom is now in its "new avatar". "What we did bear in mind while we were redesigning the showroom was the fact that we needed to attract the much younger consumer besides our target audience of families. Obviously therefore the brief furnished to FRDC was not to merely create a showroom of International standards but to also ensure that younger consumers would be elated in shopping at VIVEKS," says Vinay Bysani, VP- Projects and Marketing.
| |Mall Outlook 2012- What the veterans say (Premium) - View Free Sample
According to research conducted by Jones Lang Lasalle, the retail space in India witnessed an increase of 13.8 million sq.ft. last year as 34 malls became operational. By the end of this year, another 12 million sq.ft. of space is expected to be added to the modern retail sector. So what do the veterans say about how the retail real estate industry grew in 2011 and what the scenario will be next year? Most developers in India that Shopping Centre News spoke to felt that 2011 was a winning year for the retail real-estate sector in terms of growth in demand and supply of new retail spaces across various cities. The retail space saw an increase of about 14 million sq.ft. across India, led by NCR-Delhi (which added 4.0 million sq.ft.) and followed by Mumbai (which saw completion of about 3.5 million sq.ft.). This positive development happened after widespread distress in the sector during the years 2008, 2009 and 2010. High absorption of close to 10 million sq.ft. of retail space was forecast for 2011. Out of this, 7.1 million sq.ft. was already absorbed by the third quarter of 2011 and 1.1 million sq.ft. was pre-committed in malls which were scheduled to become operational during the fourth quarter 2011. Led initially by the tier-I cities, the retail real estate industry is now rapidly penetrating into tier II and III locations, and is poised to take the next giant leap in this decade.
| |Mall Marketing- Whats the catch for tenants (Premium) - View Free Sample
The events organised by the management of a mall inside the property cost a lot of money. It is therefore important that these do not merely increase the footfall for its own sake, but actually contribute to the increased sales of the tenants by driving traffic to their stores. Typically, when we talk of mall marketing, we talk about increasing the footfalls and prolonging customer visits. Mall managers focus on events such as fashion shows for women, concerts for teenagers, car shows for men, and cartoon-characterthemed events for children. These events, even when sponsored by companies like Pepsi or Coca-Cola, cost millions to put on. But they are essential because malls should be places where shoppers feel welcome even if they do not spend a single cent. In the long run, by fostering loyalty, these efforts pay off by creating customers for lifetime for a mall and its tenants. We have seen some fantastic community programs by malls such as Inorbit with its Aikya and Bodh initiatives and the Oberoi mall with its "Make a Wish" initiative, to name a couple, which have been hugely successful and attracted considerable footfall numbers. Marketing initiatives that are focused towards attracting more footfalls work at the time of the launch of a mall, or in case of a re-launch. The instance of the CentralWorld mall in Thailand, which was burnt down during the country's worst political unrest in 2010, is quite apt. When it re-opened after six months of renovation, one of its main objectives was to regain the footfall numbers that the mall enjoyed before closing down. It was critical for it to make its customers feel as much at home as they used to like in the earlier days.
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