THE ECONOMIC TIMES, 24 November 2007 Ashish Kumar Mishra & Irshad Daftari On 15th November, an anxious group comprising 11 representatives of the textile & clothing industry of India and heads of four banks called on the finance minister, P Chidambaram. Every member painted a doomsday picture of the industry, outlining the fall in exports because of the appreciation of the rupee, infrastructure bottlenecks, cross-subsidy that the industry has to pay for power and delays in funding under the Technology Upgradation Fund Scheme (TUFS). That lasted for about 70 minutes, but it could have continued indefinitely, high as the group…
Source: American Shipper - Namaste, November 2007 Few analysts speak with more clarity and insight about a subject than Devangshu Dutta does about Indian retail supply chain logistics. Third Eyesight is a Delhi-based company that helps textile, consumer durables and perishable shippers set up their Indian supply chain. Namaste spoke with Dutta about a range of retail supply chain topics, including why retail can sometimes be a dirty word in India, and why India’s roads might not be as bad as you’ve heard. Namaste: Retail is a word that evokes extreme reactions in India. Why is that so? Dutta: Developments…
Mint (partner to the Wall Street Journal), New Delhi - 8 November 2007 By Rasul Bailay The shopping shelves of the Food Bazaar supermarket in Indirapuram outside New Delhi are stacked with well-known brands such as Britannia biscuits, Tropicana juices or Heinz ketchups. Sharing the shelves are a host of obscure brands such as Lancer biscuits, Chintamani namkeen and Fruitfil juices. As millions of Indian consumers graduate from the traditional small mom-and-pop stores to the legions of emerging branded stores, modern retailers make sure that the consumers don’t lose out on small local brands that are relatively cheaper and are an…
BOOK REVIEW: HIDDEN IN PLAIN SIGHT: Erich Joachimsthaler In the midst of extensive or frequent civil works, fluorescent high-visibility clothing contributes to the invisibility of the individual, and can serve as a superb disguise. Similarly, in the midst of extensive research and in-depth analyses, basic insights can go unnoticed. Erich Joachimsthaler has plenty of examples in his book Hidden in Plain Sight to drive home the point that attention to stuff that is not so obvious to competition can lead to brilliant success such as Sony's growth through innovative products (the WalkmanT, for one) that met unexpressed consumer needs. Conversely,…
A discount outlet store sells merchandise that is off-season (such as summer merchandise in winter or vice versa) or out-of-fashion (hence possibly two-three seasons old) or comprising of manufacturing over-runs. However, in India discounts are prolific even in the high street market. In clothing as an example, a large chunk (estimates vary from 40% to 70%) of ready-to-wear stock is sold under discount. Some of it is sold in factory outlets, but a significantly larger proportion is sold throughout the year in regular high street stores under offers that run throughout the year. There are also discount streets within the…
As legacy retailers balance speed with customer experience, is near-instant delivery a sustainable goal for fashion, or will the costs outweigh the rewards?
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Ikea has been around in India for about eight years. and has taken a long-term view on India with product and format customisation, and future investment plans of over $2 billion.
Modern retail, consumption, brand building, M&A, balance of power between brands & retailers/platforms, sustainability vs growth and more; tune in if you're building for the long run
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