Raghavendra Kamath, Business Standard Mumbai, April 14, 2014 Kishore Biyani has the south India-based supermarket brand, Nilgiri's in the cross hairs, according to media reports. If he follows through with the acquisition, the brand is expected to boost his growth prospects in the food and grocery segment. While Biyani, group CEO, Future Group, has flagship Big Bazaar as his largest retail chain brand, he has more number of grocery chain brands such as Food Bazaar, KB's Fair Price, Big Apple and Aadhaar. The obvious benefits Nilgiri's, which clocked Rs 700 crore in sales, would bring post Biyani's likely move is…
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Bindu D. Menon, The Hindu Businessline Mumbai, April 7, 2014 When it comes to retail trade, there seems to be room for negotiation in BJP’s 2014 manifesto. From being “open” to retail trade in 2004’s vision document to a total blanket ban to FDI in retail in 2009; the party’s latest poll manifesto states that it is “open to FDI in job creating sectors but against FDI in multi-brand retail trade”. Trade watchers point out that the manifesto should be seen as a political document rather than an economic one and with the party being largely seen as pro-business, it…
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Fairy Dharawat, Point of Purchase Online Network Mumbai, April 5, 2014 Retail consultants and shopper marketing experts share their take on the retail trends in the Indian beverages market and where it's headed. "The growth in the beverage market, both in-home and out-of-home consumption, is being driven by rising incomes as well as lifestyles changes. Packaged drinks in bottles or tetrapacks are boosted by the consumers' desire to ensure hygiene and partly by convenience. The tipping point in consumption happens when these drinks become part of the lifestyle, as has happened for tea and coffee, and that is what most…
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Vaishnavi Bala, Financial Express Mumbai, April 5, 2014 Last year, Kishore Biyani’s Future Group closed about 40% of its food and grocery chain of Food Bazaar stores that were not performing well, even as it continues to undergo restructuring in neighbourhood stores, KB's FairPrice and the home-furnishing chain, HomeTown, apart from Food Bazaar. While Future Retail (FRL) shut down 18 supermarkets, it opened only one store last year. At the end of December, the company had 26 stores. With a cut in consumption spends resulting in slowing same store sales growth — at 3.3% in the three months to December…
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Fashionunited.com April 3, 2014 After starting delivery services to Indian patrons through its global site, American lifestyle clothing retailer Gap is now inching closer to them by partnering with ecommerce portal Myntra. As per reports, talks are on to finalize a deal with Myntra to launch its online store in India. It may be recalled that the largest casual wear retailer in the US is also said to be in talks with Arvind Lifestyle Brands to open brick-and-mortar stores in the country. According to a Third Eyesight survey, eight US department stores and brands are currently shipping their products to…
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