Priyanka Golikeri , Daily News & Analysis (DNA) Bangalore, February 1, 2012 Reader guidance: the following story will likely make a mouth-watering read, potentially making you salivate and yearn for a calorie-rich sweet food that some pregnant women allegedly crave in the middle of the night. Okay, with the disclaimer-cum-warning out of the way, let’s dive, head first, into the changing world of ice cream in India. Walk in to any 21st-centuryish ice cream parlour in Bangalore, and in all likelihood you will see hot golden-brown caramel sauce jostling for space with chilled milky-white whipped cream to drip gradually over…
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Sarah Jacob, The Economic Times Bangalore, January 30, 2012 The world's second-largest apparel retailer Hennes & Mauritz (H&M), which usually enters large markets on its own, is not so sure about opening shop in India despite finding the market "interesting". Earlier this month, India relaxed laws allowing foreign retailers to wholly own their businesses with the rider that they source 30% of their products from SMEs with revenues not exceeding Rs 5 crore. Until then, foreign investment was limited to 51% or retailers were forced to franchise. But the Swedish retailer is not entirely convinced by the norms which make…
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Mihir Dalal & Suneera Tandon, Mint (A Wall Street Journal Partner) Bangalore/New Delhi, January 28, 2013 After weak demand and piled-up inventory forced clothing retailers to give discounts for longer than usual in 2012, companies such as Arvind Lifestyle Brands Ltd, DLF Brands Ltd and Lifestyle International Pvt. Ltd say they will not extend their sale period this year. Last year, some retailers started offering discounts early and extended them till the end of March as they dealt with the overhang of a post-recession boom in retail: massive inventory. The end-of-season sale lasted as long as seven-eight weeks, against the…
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The Hindu, BusinessLine Purvita Chatterjee, January 20, 2012 The Bombay ‘Swadeshi' Store at Fort in Mumbai may have patriotic leanings (it was started in 1906 by Indian patriot Bal Gangadhar Tilak and businessman Munmohandas Ramji) but today the home décor and gift retailer does not want to be perceived as an old-fashioned store brand catering primarily to NRIs. It is hoping to attract youth with its new brand, The Elephant Company, a young, quirky brand with products ranging from magnets and key chains to more expensive offerings such as wall clocks, at prices between Rs 200 and Rs 4,000. Bombay…
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Sapna Agarwal, Mint (A Wall Street Journal partner) Mumbai, January 19, 2012 Dutch-based supermarket chain Spar International plans to partner with multiple firms to expand its retail presence in India, a senior company executive said on Wednesday. This is a model the retailer practices globally, but in India currently it has at least 10 hypermarkets—in Karnataka, Maharashtra, Andhra Pradesh and the National Capital Region, among other places—in partnership with only Landmark group’s Max Hypermarket India Pvt. Ltd. “The new partnerships will be for entering new regions and developing new formats to penetrate the market,” said Gordon Campbell, managing director of…
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