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Retail News, Insight and Jobs
July 21, 2013
 
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  News - Headline, Apparel, Specialty .. 
Govt relaxes FDI norms for telecom, defence but falls short of expectations
Economic Times
The government has allowed 100% foreign ownership in the telecom sector and in defence on a case-by-case basis, but fell short of expectations raised by the Arvind Mayaram committee. Billed as one of the fastest decisions on the policy front, from conceptualisation to final implementation, the government hopes to give effect to the decisions taken after the cabinet formally approves the new FDI norms within the next few days. Facebook Twitter Linkedin Email

Walmart's bribery probe fallout: Bharti Retail returns 17 properties across country - Economic Times

Walmart's bribery probe fallout: Bharti Retail returns 17 properties across country
Economic Times
Walmart, which is conducting an internal probe to check if its Indian unit violated US anti-bribery laws, does not want to open stores until it is able to put in place a fool-proof compliance mechanism. The US government is already investigating Walmart's Mexico unit for bribing local officials, and the retail company could face a hefty penalty if found guilty. Facebook Twitter Linkedin Email

Awaiting govt clarification on retail FDI policy: Bharti - Economic Times

Awaiting govt clarification on retail FDI policy: Bharti
Economic Times
The company, which is understood to have returned 17 properties it had leased across the country to open Easyday stores, however claimed that it was "business as usual" at the moment for it and its partner Walmart. Later, Walmart, Tesco, Carrefour and domestic companies, had however, sought further clarifications, stating that sourcing rules for multi-brand must be made similar to that of single brand. Facebook Twitter Linkedin Email

Right-Sizing, Store Differentiators, the New Retail Mantras
Business Standard
Devangshu Dutta, CEO of the retail consultancy, Third Eyesight, says "Retailers want not to bring down the grocery bill but to drive more footfalls and increase the total basket size of the consumer. When consumers cut discretionary spending, retail brands have to ensure a mix of merchandise that will be high on items consumers don't downtrade on or cut." Facebook Twitter Linkedin Email

DIPP Ready To Be Lenient On Back-End Infrastructure Requirement For Retail FDI But Final Parliament Sanction Required
Hindu Business Line
The Government may agree to ease entry norms, as demanded by retailers such as Walmart, Tesco and Carrefour. But it is sure to face political hurdles. The Department of Industrial Policy and Promotion (DIPP) is ready to give in to retailers' demand of limiting mandatory investment in back-end infrastructure to just the first tranche of investments brought in. But a favourable decision will not be easy as it will need to be ratified by Parliament, said a senior DIPP official. Facebook Twitter Linkedin Email
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The story of Reliance Retail's success-in-the-making - Livemint

The story of Reliance Retail's success-in-the-making
Livemint
In 2012-13, Reliance Retail's revenue grew 42% to Rs.10,800 crore from a year ago. On this, the firm broke even in cash terms by posting earnings before interest, tax, depreciation and amortization of Rs.78 crore, a Rs.420 crore swing from the previous year. Facebook Twitter Linkedin Email

  News - Food, QSR 
Angel Investors Could Pioneer New Investment In Farm & Dairy Sectors
Business Standard
Isn't Amul playing the role of an angel investor, motivating the youth not to abandon traditional family professions by enabling a transition into commercial and scientific dairy farming and securing for them rewarding procurement prices for milk? Industrialist Sanjiv Goenka says, "Funding and mentoring are about believing in ideas. Capital will, all the while, be chasing ideas, irrespective of where they originate." Facebook Twitter Linkedin Email

Subway to begin online sales, increase store sizes
Hindu Business Line
The US-headquartered sandwich chain plans to expand its outlets. Stores measuring 300 sq ft at key locations would be upgraded to larger formats. And to begin with, Subway would go the McDonald's way with a centralised number for taking orders, and then graduate to a Web-based sales model.
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Heritage Foods Announces 1:1 Bonus Issue, 2nd Ice-Cream Manufacturing Facility In AP
Economic Times
HYDERABAD: Heritage Foodsn announced a decision to reward its shareholders with a bonus issue of shares in the ratio of one bonus share for every share of Rs 10 each held. In a communique to stock exchanges, the company said its board that met on Wednesday has approved the bonus issue. Further, the company said its board has also approved a proposal to set up the second ice cream manufacturing plant at Mattam village in Chittoor, AP. Facebook Twitter Linkedin Email

FIIs Still Hungry For A Slice Of Domino's Pizza
Business Standard
Foreign institutional investors (FIIs) have defied brokerages' downgrade calls on India's largest organised pizza seller, Jubilant FoodWorks. For the twelfth quarter in a row, they continued to raise their holding, 44% as on 30 June.According to the the BSE FIIs' holding has doubled since listing (February 2010), when it was 21.09%. Facebook Twitter Linkedin Email

  Trends 
Nike's Lost Year in China Serves as Cautionary Tale
Bloomberg
Not long ago, Nike Inc. could simply open stores in China and wait for newly minted middle-class shoppers to show up. No longer. Though it has been in China for 30 years, the world's largest sporting-goods maker is losing customers to Adidas's more fashionable street wear and Hennes & Mauritz AB's cheap, hip clothing. Making matters worse, Nike is knee-deep in unsold merchandise after a projected post-Olympics sales bump didn't materialize. Facebook Twitter Linkedin Email
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Automatic Investment Route For >49% Stake in Single Brand Retail May Still Not See Many Takers
Hindu Business Line
Single-brand retailers, keen to enter India, need not seek any regulatory approvals if their investment is up to 49%. Says Abhay Gupta, CEO, Luxury Connect, a company which facilitates India entry of luxury brands, "We don't see a spectacular take-off in investments but the tone has been set right. Retailers and luxury retailers in particular are being drastically affected by rupee depreciation and macro economic conditions. They may still adopt a wait and watch policy". Facebook Twitter Linkedin Email

E-Tailers tailor Fashion Solutions
Hindu Business Line
Given the spurt in online retailing in India, the opportunity is huge. E-tailers as customers are finding it more convenient to buy clothes with some guidance from the e-tailer rather than pick up stuff randomly, especially while shopping at brick-and-mortar stores. "Most of the offline retailers in India have not yet evolved to hire fashion or style gurus at their outlets. People don't find the process to shop at stores engaging anymore, as the salesman on the floor has no idea of what to recommend to the customer. This is where online is gaining advantage," said Mukul Bafna, co-founder,Jabong.com. Facebook Twitter Linkedin Email

  Insight 
Interview- Dilip Kapur Founder- Hidesign
Interview- Dilip Kapur Founder- Hidesign (Premium) - View Free Sample
When Dilip Kapur founded Hidesign in 1978, he went on to re-define the vision of leather and luxury industry in India. Today, Hidesign stands tall as an iconic leather luxury brand that caters to the tastes of urban professionals. The brand's leather collection includes handbags, clutches, briefcases, wallets, laptop cases, belts and garments. Facebook Twitter Linkedin Email

Lingerie Category- Indian Consumers Reaction to Online Shopping
Lingerie Category- Indian Consumers Reaction to Online Shopping (Premium) - View Free Sample
Bengaluru-based online lingerie retailer, Zivame.Com, grows by 50 per cent month on month and does 400 to 500 orders in a month with an average bill value of more than Rs.1,200. Richa Kar, CEO, Zivame, elaborates Indian consumers' reaction to online shopping and explains why, according to her, the lingerie category is set to explode. Facebook Twitter Linkedin Email

The innerwear Industry- in the midst of reinvention and revolution
The innerwear Industry- in the midst of reinvention and revolution (Premium) - View Free Sample
Intimate apparel has evolved; it has come of age with the fine line between outerwear and innerwear blurring more and more with each passing day. Today, innerwear is classified not just as something essential but also as something that caters to the luxurious and classic lifestyle of GEN Y. Facebook Twitter Linkedin Email

Apparel Markets- The Growth Potential in China and India
Apparel Markets- The Growth Potential in China and India (Premium) - View Free Sample
The world is going through a time of great economic transition. After years of high growth in Western countries, the economy derailed severely in 2008 due to reasons which were simmering for quite a few years. Facebook Twitter Linkedin Email