Vishal Krishna, Businessword Bangalore, September 29, 2012 It is an early Monday morning and Sandhya Ram is busy preparing a presentation. But at the back of her mind are thoughts about her kitchen supplies, and what to cook for dinner. Sandhya needs provisions in a hurry so she turns to a grocery retailing website — it is convenient and the order comes right to her door. “I am a PhD student, and a mother. My husband is a consultant. We have no time to shop, and shopping for groceries outside takes time and energy,” says Sandhya, who is also a…
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Nupur Anand, Daily News & Analysis (DNA) Mumbai, September 28, 2012 Infiniti Retail, Tata Sons’ wholly owned subsidiary that runs Croma consumer electronic goods chain, has acquired Australian major Woolworths Wholesale’s Indian arm for around Rs 200 crore. The acquired company has been a supplier to Infiniti for six years. Ajit Joshi, CEO of Infiniti Retail, said, “Once the deal is complete, we will merge Woolworths Wholesale India into Infiniti. We will also take their employees under our wing. With this buy, the total funding by Tata Sons in Infiniti has touched Rs 700 crore.” The acquisition gives Infiniti full…
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Nupur Anand & Priyanka Golikeri, Daily News & Analysis (DNA) Mumbai/Bangalore, September 27, 2012 FMCG companies are dusting off their strategy of selling products in small sized packs to prop up falling sales in the discretionary food segment. Volumes in the discretionary category have dropped 2-7% in the first six months of this year, though sales of essential food items have stayed firm. As a result, a host of products such as noodles, biscuits, chocolates and other snacks are increasingly being made available by companies in small sized packs, or sub-Rs 10 price points, to lure consumers who have cut…
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Writankar Mukherjee, The Economic Times Kolkata, September 25, 2012 Consumers can look forward to some mouth-watering bargains this festive season as white goods makers and lifestyle retailers ready to dole out freebies and special discounts to prop up demand at a time when sales have slowed down. Durable makers like Panasonic, Samsung, Whirlpool, Godrej and Videocon are bringing back sales promotion schemes after almost four years as a last-ditch effort to boost sales in a period that typically accounts for up to 40% of annual sales. These manufacturers have decided to hold onto prices despite a recent appreciation in the…
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Sagar Malviya, The Economic Times New Delhi , September 24, 2012 Last week some 100 grocery shopkeepers gathered in the capital, not to demonstrate against FDI in retail, but in the hope of being selected as franchisees for Kishore Biyani's neighbourhood store format KB's Fair Price. So what gets the average kiranawallah excited about joining the country's top retailer when opposition leaders are in the streets saying the government's decision to allow foreign investment in multi-brand retail sounds the death knell for corner shops? "We don't have to run around for different purchases. The margins offered by Future Group will…
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