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Weekend Rush Blues The ’burbs go shopping on weekends and malls must learn to handle the crowds, find Namrata Singh and Aradhana Takhtani Five-year-old Shefali knows that Saturday mornings are reserved for the regular weekly jaunt to the nearby mall in suburban Mumbai. She is usually ready with her list of things she wants her office-going parents to buy. Along with the regular grocery for the home, the Sharmas also pick up chocolate and ready-to-eat snacks for their little one and top it with a relaxed lunch at the food court located inside the mall. The Sharmas are among several…
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The jewellery trade and industry has taken a hit. The global economic meltdown, the winds of recession, the slump in diamond and jewellery exports, massive lay-offs, closure of factories (SEEPZ, Surat), the volatile prices of gold and, most importantly, the dampened sentiment of the consuming class (especially for non-essentials like jewellery) have adversely impacted this sector. And as if these were not enough, the fear psychosis created by the recent terror attacks in Mumbai has further dampened sentiments. We cannot of course sit down and cry about the gloom and doom. The time is for action - as the saying…
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Over the last couple of years India has been highlighted as the next hot retail destination and one of the most promising markets of the future. With many battle-scars earned over many brands and several years, and around $40m in annual sales, American apparel giant VF Corporation seems like a veteran in the Indian market. Its story so far - including a newly announced joint venture with Arvind_brands - gives credence to the Indian philosophy of reincarnation. VF’s first step into India came when it granted the license for Wrangler denimwear to DuPont Sportswear (no relation to DuPont, the chemicals…
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