By RASUL BAILEY MINT (Exclusive Partner The Wall Street Journal) DELHI, 2 February 2007 Targeting an emerging segment of night shoppers, New Delhi-based round-the-clock convenience chain Twenty Four Seven Retail Stores Pvt. Ltd plans to invest Rs 880 crore (US$200 million) in opening 1,000 outlets in the next five years., in a country where even late markets shut by midnight. The company plans to open 178 stores in Delhi and its suburbs before expanding to the country's commercial capital, Mumbai, next year and thereon to other major cities. Last year, the K.K. Modi Group forayed into organized retail by opening…
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By MOLSHREE VAID, CNBC-TV18 31 January 2007 After FMCG, now the second biggest retail category - the Rs 19,000 crore branded apparel sector is sizing up the changing retail scenario. While retail brands like Pantaloon are upping brand spends and big chains like Reliance are expected to launch private labels, branded players like Wills need to look at ramping up distribution strategies and tap new segments like women's wear and accessories. Pantaloon's mass casual wear brand DJ&C, endorsed by Himesh Reshammiya was one of the big winners at this year's Republic Day Sale. Within three months of its launch, Pantaloon…
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Fresh out of a meeting with a large international retailer this morning, I would like to share something that I mentioned to them: that the Indian market is not as large as it seemed to most people 2-3-5 years ago (whatever base figures they may be using to calculate potential market size); neither is it as small as it seems today to brands that entered the market 10-15 years ago. There are significantly different dynamics at play, which make the Indian market totally different from the growth curve you might have been accustomed to in the history of the US,…
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Business Standard, MUMBAI, 30 November 2006 The growth of financial sector was to a large extent responsible for the current consumption boom in the country and that there ought to be further collaboration between financial service providers and retailers to keep this going, said Suman Bery, director general, NCAER, at the National Retail Summit 2006. "Sentiment is a big driver behind consumer behaviour and retailers should get ready for a bumpy ride ahead," he added. Commenting on other factors that will boost growth, Roopa Purushothaman, chief economist and strategist, Future Group, pointed out how increase in the number of women…
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