Janees Reghelini , Retail Today Mumbai, April 2012 Once again the Central Government doesn't seem to have listened to retailers' calls. Janees Reghelini analyses this year's budget. Modern retail might be growing fast, but it is now starting to face considerably more obstacles than it did in its nascence. It is also having a much wider impact on Indiaโs economy. โTraditionally, retail has been known to be one of the largest employment generators in the world. For a country like India this is the biggest advantage. Policy changes by the government, for example, will open up strategic investment opportunities for…
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Sarah Jacob , The Economic Times
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Writankar Mukherjee and Sarah Jacob , The Economic Times Kolkata/Bangalore, March 23, 2012 So what if they are in their late sixties, the Ghoshs have a weekly ritual of tucking into burgers and fries mostly at the McDonald's outlet in Kolkata's Mani Square mall. The couple, whose children are settled abroad, often proceed to unwind with friends at a cafe later. "Its a nice feeling to hang out in places. You feel young at heart, can spend time without interruption and the food is yummy," Indranil Ghosh, a retired banking executive, says while his wife Meera, a retired schoolteacher, is…
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Shweta Jain, Indiaretailing.com Mumbai, March 14, 2012 The session on “Workwear Market Scenario in India” on the second day of the ongoing InFashion 2012 at Mumbai focussed on the consumption potential of the workwear segment and highlighted how the general attitude towards “uniformed people” has to change for the category to evolve. The panelists said that though the consumption of workwear in the country is low, it has a lot of potential to multiply. A six-member panel discussion moderated by Devangshu Dutta, Chief Executive, Third Eyesight, revealed the necessity to follow three main actions – identification, branding and uniformity –…
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Meghna Maiti Mar, Financial Chronicle Mumbai, March 14, 2012 Major Brands India, the India partner of premium brands such as Mango, Charles & Keith and Aldo is now looking to add some heft in the affordable brands segment by inking a joint venture (JV) with France-based Happychic group. The JV expects to target the mass segment of apparel retailing with a diversified offering. “The company is in talks with Happychic for a JV agreement,” said at least three officials in the know of the development. “Major Brands is looking to diversify into the mass segment to break the price-point barrier…
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