Tag Archives: india retail

Tesco files for FDI in multibrand retail; to form JV with Tata Trent

Tesco becomes the first international brand to file for multibrand retail FDI in India as it plans to acquire 50 per cent stake in Tata Trent, hence forming a JV. It was earlier in 2012 when FDI in multibrand retail was approved.

Tesco has filed for the JV with DIPP and if approved, the stake will be bought for $110 million. Tesco will own 50 per cent stake in Trent Supermarkets that currently runs 16 Star Bazaar hypermarts across Maharashtra, Karnataka, Gujarat, and Tamil Nadu. But Gujarat and Tamil Nadu not yet up for FDI, the current JV will focus on the stores in Maharashtra and Karnataka.

The stores will not use Tesco’s brand name anywhere. With this agreement, the stores will sell a wide variety of products ranging from food to clothing, under the tag ‘A Tata and Tesco Enterprise’. Moreover, the JV also aims at opening three to five stores in India annually.

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Now that Walmart has broken ties with Bharti Retail and is going through a rough phase, Tesco gets a great opportunity to emerge in the market.

Titan opens 1000th store in India

Titan Industries has reached the landmark number of 1000 stores across country. The milestone store has been opened in Bangalore and reflects the future of modern retail and lifestyle industry and offers a unique fusion of watches and eyewear.

With this Titan becomes first Indian specialty retailer to reach the number in seven varied formats. With a retail footprint across 177 cities, 26 states, 3 Union Territories and a total retail area of 1395712 sq ft, Titan Company has stores for Watches under World of Titan, Helios and Fastrack; Jewellery under retail brands Tanishq, Zoya, GoldPlus and Eye Plus for multibrand eyewear.

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Continue reading Titan opens 1000th store in India

Arvind Brands & Shoppers Stop join hands to launch ‘Next’ shop-in-shop

Arvind Lifestyle Brands has entered a partnership with India’s leading retail chain, Shoppers Stop to setup and launch shop-in-shop of Next. The SIS of the British brand will be opened at Shoppers Stop’s Juhu store and will be spread across 600 sq ft.

The shop-in-shop will retail apparels for kids from the age of 2 to 12 years. The range will also have hosiery, socks, shoes and accessories.

The brand will be an addition to Shoppers Stop portfolio and will bring in the value of being aspirational brand.

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J Suresh, MD & CEO, Arvind Lifestyle Brands said, “For the first time in India  we are bringing speciality retail inside a department store. Next provides Shoppers Stop consumers best of British kids fashion wear offering. On the other hand, Next can take advantage of the ready consumer base of Shoppers Stop. We expect this to be a win-win collaboration between speciality retailers and department stores.”

India gears up for Great Online Shopping Festival

Tomorrow is indeed a day to remember, not just because its 11.12.13, but also a day to splurge online as Google announces the launch of Great Online Shopping Festival (gosf.in). The festival will go on from 11.12.13 to 13.12.13.

This year the 72 hour shopping festival has gone bigger has the categories participating includes eading eCommerce players, local & classified companies, online travel sites, auto companies, telecom companies, fashion labels, health and well being companies, to banking financial Services. Consumers can avail great discounts and deals.

The initiative was launched by Google last year to boost the adoption of online shopping in India and saw tremendous response with most players seeing over 350 percent growth in daily sales. The festival saw participation from all over India with 50 percent buyers making a online purchase for the first time. Speaking about the momentum of online shopping in India, Rajan Anandan, VP & Managing Director, Google India said, “Great Online shopping festival is India’s version of cyber monday in the west and is an exciting platform to raise awareness and consumer adoption of online shopping in India. With over 200 million Internet users in the country, more and more Internet users are opting to shop online and fueling the growth of both large multinational and homegrown companies. Industry estimates suggests that there are close to 20 million online shoppers in India and its estimated to grow to 50 million in next few years making it a 16 billion dollar industry.”

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Buyers can look forward to exciting deals across categories. Great Online shopping festival promises to offer something for everyone with great discounts on footwear, imported cars, property deals, holiday packages, insurance, spa packages, event tickets, grocery coupons, books, jewellery etc. Buyers can find discounts ranging from 20% up to 80% in many categories. Upto 60% off on luxury watches, 20% off on air tickets on domestic routes, upto 50 % off on speakers, headphones and men’s accessories, upto 80% off on home decor, flat 40% off on furniture, upto 50% off on TVs, upto 40% on mobile phones, upto 45% computers and tablets, upto 30% on cameras, 40% off on mens footwear and many more.

 

Amazon launches ‘One Day Delivery’ service; pilots COD

The ecommerce marketplace, Amazon India, has launched its pilot project for Cash on Delivery service driven by India Post. The service is being tried along with reverse logistics.

COD will only be practiced on products that are being ‘Fulfilled by Amazon’. The customer can see the tag of ‘Fulfilled by Amazon’ on the product and “Eligible for Cash on Delivery” on the product details page. COD is currently being offered with no extra charges but going further a convenience fee of Rs 39 will be charged.

The marketplace has also launched ‘One Day Delivery’ service. The service is limited to selected pin codes and cities including Bangalore, Mumbai, New Delhi, Ahmedabad, Hyderabad and Pune. So customers in the selected pincodes can choose for the service at the time of check-out. To avail the service, you have to pay Rs 99.

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ASUS opens store in Bhubaneswar

The technology brand, ASUS India, which has been aggressively expanding its retail presence, now opens its first exclusive store in Bhubaneswar, Odisha. The new outlet will feature the brand’s entire range of Ultrabooks, Notebooks, Netbooks, Tablets and Phablets that are available in India. The retail store Subham Infotech is located at Plot no-610, near UCO bank ATM, Saheed Nagar, Bhubaneswar – 751007.

Unaez Quraishi, Sales & Distribution Director – System Business Group – ASUS India said, “In view of our extensive retail expansion venture, we are extremely elated to be marking our presence in Odisha. Bhubaneswar is one of the country’s fastest developing cities and is emerging as an Information Technology (IT) and education hub in the state. We are affirmative about serving our existing and prospective customers in the region with utmost commitment from this city.”

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Reliance Retail to shut 16 iStores in India

If reports are to be believed, Apple’s plans to expand retail presence in India has hit a roadblock, as the partner Reliance Retail shuts 16 of the existing 20 iStores in India. The stores are being shut as the store designs are not upto the standards set by Apple.

The norms laid by Apple and not followed  by Reliance includes high ceilings, white LED lighting, wooden floors and set size of display tables. While Reliance feels that these norms will not be feasible in Indian market.

The shut stores will be transformed in to Reliance Digital Xpress stores, which Reliance Retail is expanding as a concept.

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Titan enters helmets business under Fastrack brand

Titan Industries has been upbeat about expanding the product umbrella under Fastrack brand. Knowing that the brand is specifically aimed at youth, it has now expanded its product offerings to helmets.

The majority of Indian youth drives two wheelers and that’s exactly the population that the brand is targeting.

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Fastrack range of helmets will boast of 24 different variants for guys and girls in a plethora of colours and vibrant graphics. All these helmets have been ISI approved.

Bhaskar Bhat, Managing Director, Titan Company Limited said, “India has one of the highest number of 2-wheelers in the world. With unorganized players currently driving the helmet business, the category has a large potential in the market. The organized helmet market is estimated at approximately Rs. 400 Cr, accounting for 45% of the retail market. Using our in-house design and marketing expertise and wide retail footprint we took a step to enter the helmets sector. The category is currently largely unorganized and under-served and with our superior quality product, we aim to ensure safety and comfort for two-wheeler riders.”

FIPB approves H&M’s $115 billion investment plans in India

The Swedish retail brand, Hennes & Mauritz (H&M), has been given a nod of investing $115 billion (Rs 720 crore) in Indian retail market by the Foreign Investment Promotion Board (FIPB). With this approval, the retailer will set up fully owned subsidy in India.

It was earlier this year that world’s second largest fashion retailer had announced its plans to open 50 stores in India.

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’10 Must Haves’ this weekend – Autumn/Winter Special

As the winters set in and we feel the chill around, its time to go shopping for the season. We bring to you an ensemble of products which will make you look fab this winters. Walk in style even when that nose is red!

Here’s the list: Continue reading ’10 Must Haves’ this weekend – Autumn/Winter Special