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|October 19, 2012||News for the Retail Industry|
The Business of Design- Making SALE a big deal
| Active Discussion || |
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| At a Glance || |
News - Headline, Apparel, SpecialtyNews - Food, QSRTrends & Insight
| News - Headline, Apparel, Specialty .. || |
| News - Food, QSR || |
| |Yum to have "One Technology, One Standard" in India and China
Wall Street Journal (blog)
Yum Restaurants International, which owns Taco Bell, Pizza Hut and KFC, is rapidly expanding in China and India, opening as many as five stores a day over the next few years. CIO Baron Concors says that building out IT at that breakneck pace will be challenging, but creating new infrastructure from scratch will be an easier task than his past work of upgrading legacy systems in established markets. New stores in China and India are being built with just one point-of-sales system, and stores could have mobile ordering capability from opening day, Concors said. "We're going to have one technology, one standard," he said.
| Trends || |
| Insight || |
| |The Business of Design- Making SALE a big deal (Premium) - View Free Sample
In a competitive market retailers and brands are constantly trying to increase their topline with offerings, promotions and store experience strategies. SALE is a time tested strategy to attract footfalls and increase conversions with well communicated compelling offers. Stores and brands use different communicate strategies in their SALE windows - some a no fuss message to create awareness and a very few others opportunistically transforming them into Brand Billboards. SALE ! SALE ! SALE ! Scream the news papers and store windows in the market place which are working on grabbing the attention and enticing shoppers with irresistible deals . It's often human to be unable to resist a great deal and Retailers and Brands have taken full advantage of this right from when discount retailing came into existence in the 1950s. Deals often change 'wants' into 'needs' and retailers use this as a panacea to most topline challenges. Nielsen's recent Shopper Trend Study reveals that 30% shoppers change store and brand based on promotions offered. Also, 54% of brand or store loyal shoppers are active deal seekers. Markdown Sales are either a planned seasonal event or a tactical call to address specific stock issues. For each, the tone and effort of the sale is different. I prefer calling them- Complete and Overlay Sale Windows. In the former, SALE is the primary single message in the window and in the latter it's a secondary communication message added onto to the window communication promoting a featured offering.
| |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.
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