ET Bureau, The Economic Times Bangalore, 10 May, 2012 Dutch retailer Spar International and Dubai-based Landmark Group's Max Hypermarkets have decided to part ways in India by the end of this year after the two developed differences over expansion strategy. While Spar was keen on partnering multiple national and regional retailers to expand in the country, Max Hypermarkets wanted a strategic investor for the business, Dr Gordon Campbell, managing director of the 31-billion euro (approx 2 lakh crore) Spar International, said. The companies will now pursue separate growth plans in the country, they said in a joint statement. Max Hypermarkets…
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Fashion United Mumbai, 9 May 2012
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Roudra Bhattacharya, Priyanka Pani, The Hindu Businessline Mumbai, 9 May, 2012 What really went wrong with the way Reebok was run? According to a top North India-based distributor, the franchisee model running for the last few years was flawed. “Some stores were picked on very high rental, so the sales were lower than the cost of running the outlet,” says a distributor, who preferred anonymity. Reebok's contract with the franchisees worked on a minimum guarantee (MG) basis, which meant that to encourage network expansion, a certain income was guaranteed to each outlet, regardless of sales. However, this model had the…
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Vishal Krishna, Businessworld Bangalore, 5 May, 2012 It is not just a marriage of convenience; there could be love involved, too. Aditya Birla Nuvo (ABN), with annual revenues of $4 billion, a mini-conglomerate within the $35-billion Aditya Birla Group, has acquired a portion of Pantaloon Retail Indiaโs (PRIL) lifestyle business. Eighty-six Pantaloon fashion retail stores will form part of a new entity, controlled by ABN, which will be automatically listed on the BSE and the NSE. A Future Group official says that ABN has acquired a minority stake by subscribing to Rs 800 crore worth of convertible debentures, which will…
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Vishal Krishna, Businessworld Bangalore, May 3, 2012 Walmart may be the largest company in the world in terms of revenues, but its global e-commerce websites are lagging far behind. Walmart e-commerce is facing tough competition from local e-commerce firms as well as Amazon, the largest e-commerce website in the world. Walmart’s websites in China, UK, Brazil, Mexico, Canada and the USA are all sitting isolated and need a focused strategy to deliver a global view for Walmart. Consolidating all that data of shoppers is becoming more complicated and is not giving Walmart a full view of what its customers want…
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