Abhinav Mohapatra, Pitch Mumbai, 11 June 2012 The Indian fashion retail industry is witnessing a massive transformation with the growth of organised retail and increasing fashion sensibilities of the Indian mass consumer. Taking a cue from the emerging trends in the Indian fashion industry, Anita Dongre, lifestyle and fashion designer has created a niche in this space on the back of a strong market segmentation strategy and a well-planned retail presence. If you’ve got it, flaunt it The upper and upper middle class of the consumer segment does look where it is investing its money, even in the small things…
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Priyanka Golikeri , Daily News & Analysis (DNA) Bangalore, 6 June 2012 For IT professional Meena Sarma, living in Mysore no longer implies a small-town existence. The historical city has everything, from corporate parks and hotels to dazzling malls. Being a shopaholic, she is glad that from salad dressings and Dutch cheese to the latest apparel and footwear brands, everything is available within reach, the precincts of her neighbourhood or office complex, just like in any other megalopolis. A welcome change, says Sarma, as this was not the scenario some years ago. Earlier, we could shop only at neighbourhood mandis…
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Sarah Jacob & Sagar Malviya, The Economic Times Bangalore/New Delhi, 30 May 2012 Sluggish demand has led lifestyle retail chains to post weak same-store sales in January-March 2012 and lower growth estimates for this fiscal. Driven by new stores, most retailers clocked 20-30% sales growth in January-March. But same-store sales, or sales from stores that were operational last year, grew in single digits. Samestore sales are an important indicator of consumer demand and the health of the retail industry. Retailers don't expect things to improve this fiscal as demand is subdued. The downturn began after Diwali, and the increase in…
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Puneesh Garg, Outlook Money 30 May 2012 Following the emergence of modern trade norms in the 1990s, India’s $550 billion to $600 billion retail sector, has been growing at 15 per cent annually. However, in the organised retail sector, which makes up for 8 per cent of overall retail space, the last 6-9 months witnessed a decline in growth. The recent decision by market leader Pantaloon Retail India (PRIL) to sell its controlling stake in the “Pantaloons store” business to a bigger and deep-pocketed Aditya Birla group—which also runs its own fashion stores like Madura Garments—to reduce its ballooning debt…
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Sarah Jacob , The Economic Times Bangalore, 23 May 2012 American doughnut maker Krispy Kreme has flagged off its India plans barely a week after rival Dunkin' Donuts opened shop in the country, setting the stage for a doughnut onslaught in a country that loves pizzas and burgers as much as dosas and pav bhajis. Krispy Kreme Doughnuts, which operates around 700 stores worldwide, signed its first franchisee deal in India with Bedrock Food Company to open 35 Krispy Kreme outlets in North India in five years, the US firm announced last week. New Delhi-based Bedrock also holds franchisee rights…
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