The Indian economy has been on a high growth trajectory the last few years. Indicators such as Gross Domestic Product (GDP) growth, per capita income levels, consumer awareness levels and the regulatory environment present a positive outlook for the nation’s development. GDP is growing at 8-9 per cent per annum and is expected to continue [...]
Over 30 decision-makers in or related to the women and children wearbusiness, marked and discussed 10 issues that must be addressed forbetterment of the industry.The decision-makers got together at the Nokia Images CEOs Meet at thePure and Play conference in Delhi. The participants included TarunPuri, MD, Nike India; Marcelo Villagran, MD, Bata India; ThorstenAllenstein, country [...]
Seattle-based Starbucks Corp. announced Tuesday night plans to shutter around 600 underperforming stores in the United States, about 70 percent of which opened in January 2006. Based on the company’s restructuring agenda disclosed earlier this year, about 100 of the affected stores were already scheduled to close. Most of the 600 locations will close during [...]
Targeting a turnover of Rs 5,000 crore in this fiscal, Future Group’s retail chain Big Bazaar on Sunday said it will open additional 61 stores by the year end. “The company is looking for a turnover of Rs 5,000 crore during the current fiscal. As part of the plan, 61 new hypermarkets are going will [...]
Organised retail started late in India, but expanded aggressively and soon became one of the most sought-after sectors for investors. Then came the problems of high rentals, project delays, wafer-thin margins and competition. Today, the scenario has started to look nightmarish for retailers, especially with inflation threatening to slow down consumer off-take. Is it time [...]
—Contributed by Richa One of the most crucial areas of decision making for retailers is pricing. Yet, we have found that small firms often do not have well-conceived pricing plans. A retailer’s prices influence the quantities of various items that consumers will buy, which in turn affect total revenue and profit. Hence, correct pricing decisions [...]
An interview with RAJIV LAL and WALTER J. SALMON, faculty cochairs of the Senior Executive Seminar for Retailers and Suppliers—an Executive Education program offered by Harvard Business School. Q: Retailing initiatives in emerging global markets like India and China are getting a lot of attention. What should retailers consider as they develop their own globalization [...]
Getting up to a Nokia N Series mobile phone alarm, a bath in Designer bathroom with Dove soap and Garnier shampoo, wear a Marks and Spencer’s ensemble, apply a Christian Dior perfume, put on liberty shoes, take a Hidesign bag, take up the Sony laptop and heading to office in the Chevrolet Optra, and when [...]
–Contributed by Charu Gupta I was just checking my mails and found a forwarded link from my friend. http://india.makemytrip.com/chidyaud/cidiyaudi.html It was an animated video where a girl was playing game of ‘Chidiya ud” with her brother which we all used to play in childhood. It was great fun watching the video but at the end [...]
—Contributed by Vivin Wason Disheartening, isn't it? In a country where retail is growing at an unimaginable speed and retailers from across the globe have their eyes on the retail developments in India, this is certainly not good news. With 600 malls already underway across the country, the safety and conformance to international standards of [...]
