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|October 25, 2012||News for the Retail Industry|
Challenges and Growth Drivers in Food and Grocery- Ravi Kannan of Snowman Logistics
| Active Discussion || |
Read more / Join the discussion on LinkedIn
| At a Glance || |
News - Headline, Apparel, SpecialtyNews - Food, QSRTrends & Insight
| News - Headline, Apparel, Specialty .. || |
| |GHCL mulls supplying home textiles to Bharti Walmart
With the FDI in retail being opened up, home textiles and soda ash player Gujarat Heavy Chemicals Limited (GHCL) is mulling supplying made-ups to retailers like Bharti Walmart and IKEA. For this the company is also expanding its manufacturing facility at Vapi in Gujarat. "We are already supplying our home textile products to Future Group, apart from exporting to western countries. Yet, instead of going in for our own retail chain, we are mulling supply of our home textiles to big retailers that are set to come like Bharti Walmart and IKEA, among others. For this to happen, we have already begun expanding our manufacturing capacity at our Vapi plant. However, we are yet to initiate any talks with them," said RS Jalan, Managing Director, GHCL.
| |Mahindra First Choice eyes 35 percent growth
Mahindra First Choice Wheels Ltd (MFCWL) that opened its 200th outlet on Wednesday at Ahmedabad, is eying around 35 percent growth this year. It aims to end the financial year by selling around 46,000 cars and claimed that the slowdown in the new car market has not impacted sales of organised used car sellers. Rajeev Dubey, President, Group HR, corporate services and after-market, Mahindra and Mahindra (M&M) said that the size of the used car market is larger than the new car market, and is roughly around 1.1 times that of the new car market. "In the US, this ratio is 3:1 in favour of used cars, hence there is huge potential for growth in the used car space in India", he said.
| News - Food, QSR || |
| Trends || |
| |Shoppers Stop using analytics and new technology to boost footfalls
A month ago Shoppers Stop, India's oldest big box retailer, was an indirect beneficiary of a surge in the stockmarket indices. As the markets rose some 8 percent in early-to-mid September, the retailer took a punt that Gujaratis, whose purchases are closely linked to upswings on the bourses, would go on a spree. And, true to form, they did, adding 25 percent in incremental growth on sales to Gujarati customers in mid-to-late September when the stock markets rose around 8 percent. It isn't Gujaratis alone that the retailer has targeted. In the past, Shoppers Stop has used analytics to target promotions at Muslim shoppers during Id, the holy month, and tailor promotions specifically at them. Like with its Gujarati promotion, it used the 2.6 million members of its First Citizen customer loyalty program and name searches to yield additional revenues of 1 crore in August this year.
| |Bride and groom say 'I do' to online shopping
Hindu Business Line
For those looking to avoid the crowds and frenzy associated with the wedding season, the online store is fast becoming a convenient medium to meticulously plan one's entire wedding ensemble, says Manu K. Jain, Co-founder, Jabong.com. While consumers still prefer to walk into their favourite store to pick their main wedding saree or sherwani, for all else there is the Internet. There is a huge demand online for associated functions: lehengas for Sangeet, fancy sarees, shirts and footwear for cocktail parties and even honeymoon outfits. Jewellery too is witnessing a lot of traction, say e-retailers. Myntra, for instance, has tied up with jewellery brand Gitanjali to launch an exclusive bridal jewellery collection. "Currently, we see 12-15 transactions per day in fine jewellery; this is expected to grow in the coming days," says Ganesh Subramanian, Chief Merchandising Officer, Myntra. Friends and folks are also using the online medium to buy gifts for the bride and groom, says Aasheesh Mediratta, Director, Sales, Fashionandyou. .
| Insight || |
| |Category Watch- Sneakers (Premium) - View Free Sample
The white canvas Saturday school shoe of yore has donned newer hues in a sportswear market which has the potential to grow at 33 per cent between 2010-14. With a handful of brands at play in this niche category, the opportunity in a billion plus population is huge. S&A looks back and forth. Since the rubber-soled plimsolls of the late18th century to the canvas topped multihued sneakers (because the rubber soles made walking so quiet that a person could sneak up on someone) of today, sneakers or keds or canvas shoes, have come a long way. The world over, especially in the US, sneakers emerged as "artifacts of societal shifts, reflecting social revolution in the 60s, punk rock rebellion of the 70s, and hip-hop identity of the 80s. Sneakers are a consumable aesthetic representation of culture, and their value as a medium for communication transcends the leather, mesh, and rubber of which they are comprised." Back home, the white canvas Saturday school shoe was the only avatar that the common man was familiar with until almost the late 80s. It was a minuscule number that was aware of the Nikes, Reeboks, Adidas or Puma. A study by Ernst & Young estimates the sportswear retail market at Rs.365.8 billion, expected to grow at a robust CAGR of 33 per cent during 2010-14. Out of this the footwear segment makes up for 60 per cent of the total market. Anupam Bansal, Director, Liberty Shoes, pegs the total footwear market "at about Rs.20,000 crore, with the unorganised segment hogging almost 85 per cent. Out of this, the sports shoe market would be roughly a Rs.3,000-Rs.4,000 crore market. The market would be more in the organised segment because the sports shoe is a technology product and most of the people are making sports shoes in an organised set up" .
| |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." .
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