The warm-up over, India's retail industry is revving up for its most exciting phase ever. (By M. Rajshekhar) Consider this: through the 1990s, organised retail in India added just 1 million sq. ft. of space a year. The pace picked up from 2001 onwards. But estimates have it that in 2003 alone, a breathtaking 10 million sq. ft. was picked up by this fledgling industry. If you thought that was heady, think again. The most exciting phase for the retail industry lies ahead. Over the next three years, a confluence of events will push organised retail into a new orbit.…
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Devangshu Dutta, Chief Executive of Third Eyesight, a retail and fashion services firm, said. "Retailing in India is set for the next big leap – what began as forward integration for manufacturers such as Bombay Dyeing and Raymond in the 1960s, has almost suddenly reached a stage where even smaller companies, individual entrepreneurs and real estate owners are willing to build organisation and structure into their businesses. "The availability of quality real estate in the form of shopping malls is probably the biggest enabler of the organisation of retail business. From small 300-400 sq. ft. outlets in disorganised high streets,…
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Written By Devangshu Dutta Over a decade ago, when the first structured concept notes were addressed to European and American companies about the opportunities in the Indian consumer market, the pitch was new, the opportunity was bubbling and path looked fresh. Now, the pitch is well-practiced and heard from not just consultants but entrepreneurs themselves, several firms have tried to tap the opportunity and the path is littered with half- dead business plans! During the late-1980’s and early-1990s, when the first foreign consumer brands started coming into the market, what drew them in was the image of hundreds of millions…
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In the throes of two wars - Conflict in Iraq and the fight against SARS - Interstoff Asia went without a hitch although, understandably, attendance was affected , with a 25 per cent drop against last spring's show. Interstoff Asia welcomed 7000 visitors to the spring event, held from 25-27 march, and they weren't disappointed because of the 266 exhibitors promised, only seven from Thailand and one from Taiwan decided not to take the risk of attending. An extensive programme of seminars, product presentations plus trend forum all added up to a strong show, which attracted buyers from international brands…
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