It has been almost two decades since the government in India re-opened the economy to international investors and brands. During the first dozen years or so, apart from a single visible bump in 1995, every year had a steady dribble of fashion brands coming into the country. It was not until 2005 that this rate accelerated to over 20 international fashion brands entering the Indian market annually, even as the existing brands grew their own retail footprint in the market. 2008 and 2009 were both slightly damp by comparison, reflecting the global economic sentiment, but we were optimistic as we…
Business Standard, Mumbai January 27, 2011 Raghavendra Kamath Star Bazaar, the chain run by Tata-owned Trent Hypermarket, says it used the economic slowdown to book properties when prices were down, allowing it now to open more stores. Rentals of retail properties were 30-35 per cent lower than their peak during the economic slowdown of 2008-09, as retailers shut stores and scaled back their expansion due to lower footfalls. Starting the first store in Ahmedabad in 2004, Trent Hypermarket runs 10 Star Bazaar stores and plans to double the count by the end of 2011. Hypermarkets are larger versions of supermarkets,…
Bangalore,14 January, 2011, The Times of India Shilpa Phadnis FMCG major Britannia Industries on Thursday entered the Rs 500-crore (Rupees 5 billion) branded breakfast space dominated by players like MTR Foods, Kellogg India, PepsiCo and Marico. The company has launched Britannia Healthy Start, a range of ready-to-cook breakfast mixes consisting of upmas, pohas, porridges and oats. The company said the breakfast range is fortified with multi-grains, vegetables, pulses and nuts and takes only 5 minutes to cook. It is priced between Rs 33 and Rs 45 for 150-170 gm packets. Britannia is focused on healthy snacking options, and the company…
MUMBAI, 14 January, 2011, Business Standard Starbucks is finally coming to India. The world's largest premium coffee retail chain today announced that it has entered into an agreement with Tata Coffee for a strategic alliance. Under a non-binding memorandum of understanding (MoU), Starbucks will explore setting up stores in the Tata group's retail outlets and hotels, besides sourcing and roasting coffee beans at Tata Coffee's Kodagu facility. Tata Coffee, one of the biggest suppliers of Arabica coffee beans, has shipped coffee beans to Starbucks in the past and is now building a structure for a long-term relationship, a joint release…
Retail Asia, January 2011 Singapore’s retailers more customer-centric and tech-savvy after recession While caution stalled the retail industry at the beginning of last year, the first 10 months of the year saw the sector inch its way out of the downturn, according to figures released by the Singapore Department of Statistics, with the latest data revealed for last October reflecting a positive 5.3% growth in retail sales from 2009, excluding motor vehicles. The opening of the new malls along Orchard Road and the integrated resorts (IRs) at Marina Bay and Sentosa saw tourism pick up by 16.1% over 2009, to…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
