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Flipkart Reports Loss Of ~INR 282 cr In 2012-13, Revenues Increase FiveFold To INR 1180 cr
The deeper losses as well as soaring sales are in keeping with Flipkart's winnertakes-all strategy, which involves pursuing revenue growth and market share at
any cost, the same model followed by Amazon.com Inc. in the US.
After Tesco-Tata Deal, Anand Sharma hopes more retail majors to set up in
India
"We do hope that the other majors in this sector will also come, looking at the
potential of the Indian market - the fact that they are coming to a country of 1.25
billion, and a country which is the largest producer of food grains, fruits and
vegetables," Sharma said.
Marks and Spencer seeing double-digit growth across categories: Venu Nair
"The very reason that we have been on an expansion spree is the fact that we are
seeing good sales across our stores in the country, so this calendar year, we would
have opened 15 stores and what we have found across all the business units we
trade in is that we are seeing a double-digit growth," says the MD.
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Tesco-Trent deal: New format stores will not be bigger than Star Bazaar
The new format will be a mid-sized hypermarket between the neighbourhood
format Star Daily and the hypermarket chain of stores Star Bazaar with the stores
ranging between 20,000 square feet and 30,000 square feet and the Star Market
will not be bigger than Star Bazaar.
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Titan Plans To Double Jewellery Market Share From 5% To 10% Within 3-5
Years
The owner of Tanishq and Goldplus chains plans to open 15-20 jewellery stores
every year over then next 3-5 years. It had some 180 stores of Tanishq and
Goldplus at the end of March 2013.
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This service will allow online consumers to store their card information and use it
for making online payments on merchant sites and consumers will then not have
to enter card information across sites each time they make an online purchase.
Retail FDI may take a backseat if 2014 poll mandate favours BJP
While international retailers are optimistic about their growth plans in India, they
are cautious about opening new stores and are carrying out due diligence to
understand the market before making any commitment due to the political
uncertainty looming large till general elections are held.
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Twists and turns in the McD-Bakshi case- CLB to re-examine McDonald's plea
McDonald's wants to take its standoff with its former Indian partner Vikram
Bakshi to London Court of Arbitration, for a speedy resolution of the dispute, but
Bakshi's lawyers said McDonald's has violated the CLB's interim order by referring
the case for arbitration.
Lower Costing Oranges Become Favourite Fruit For Indians This Winter
With apple and grape prices ruling high coupled with a loss of banana crop in
Kerala, there is a distinct preference for oranges among south Indian households
this season.
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National Capital Region (NCR), Bengaluru and Ahmedabad did not see any new
addition of mall spaces for the entire year in 2013, Cushman and Wakefield said,
adding that Chennai saw the highest supply of 2 million sq ft, followed by Mumbai
(9 lakh sq ft), Pune (7 lakh sq ft) and Kolkata (5 lakh sq ft).
Reliance Retail Denies Overseas Tie-Up Reports For QRS Chain, Meat
Processing Biz
Two weeks ago, Reliance Retail issued termination notices to around 50 mid and
lower managerial level employees associated with Delight stores, and a question
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mark exists over the future of the 150 store workers who manned its around 100
outlets.
RP Goenka's 'Au Bon Pain' Cafe & Bakery Chain To Expand To Kolkata, NCR;
Plans 22 New Outlets By March '14
Au Bon Pain Cafe India chief executive Sanjay Gupta said the group would first set
up a chain of stores in a city for economies of scale before expanding into another
city and the Group planned to set up at least 30 stores in a year.
SAIF India Hikes Stake In Speciality Restaurant; GLIX Securities Part Exits
SAIF India IV FII Holdings has bought 15 lac shares of Speciality Restaurants for a
total of INR 18.74 Cr from the open market. The seller was GLIX Securities who
made a part exit at INR 124.99 a scrip.
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Jack & Jones and Vero Moda parent Bestseller to snap four-year ties with
Indian partner Prashant Aggarwal
Bestseller, owned by Danish billionaire Anders Povlsen and family, is in talks with
other Indian companies for a tieup for all three of its brands, and Povlsen was in
India last week to formally initiate the process.
Retail Giant: 150M Customers Later, Titan Unveils 1,000th Store In Bangalore
"Titan," declares MD Bhaskar Bhat," is the first Indian company to have a 1,000
stores across so many brands." If one takes into account the multi-brand watch
stores that Titan sells through, it would add up to at least 13,000 outlets across the
country, said Bhat.
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Carrefour is teaming up with investors to buy 127 shopping malls in which it runs
stores, in a $2.8 billion deal that marks the French retailer's latest attempt to
revive its struggling European hypermarkets.
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for sales and customer loyalty, have begun training their employees in the art of
bargaining with customers.
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palates with food such as beef- and pork-free burgers from McDonald's, pizzas
with vegetarian toppings from Pizza Hut and coriander-flavoured English muffins
at Starbucks.
The Route Of An Onion Shows Why India Needs Walmart, Carrefour, And
Tesco
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High inflation is caused in large part by food prices: wholesale onion prices soared
by 278% in the year to October and the retail price of all vegetables shot up by
46% with the food supply chain decades out of date and cannot keep up with
booming demand.
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Apart from saving credit card information, billing and shipping details of the
customer, Snapdeal's yet-to-be-named payment gateway will also incorporate
analytics relating to the buyers' specific choices, allowing them to complete
transactions in a few quick steps.
Celebrity Trainer Kris Gethin Plans 80 Premium Gyms Across 20-25 Indian
Cities
Kris Gethin - celebrity personal trainer of Bollywood stars Hrithik Roshan, John
Abraham, Ranveer Singh, Imran Khan and director-producer-TV host Karan Johar is planning a chain of fitness centres.
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Reliance Shelves Plans To Enter QRS Segment With 'Chicken Came First', To
Exit Non-Veg Biz Entirely
The non-vegetarian foods business, said to be growing at a CAGR of 25-30%, is
estimated to comprise 10% of the company's total retail business and is also a
profit-making venture. RIL had earlier picked up a 45% equity stake in Two Sisters
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Foods India (TSFI) and was also planning to enter the QSR business named
'Chicken Came First'.
With no takers for liquor licences in Hyderabad, Govt enters retail liquor
business
"There are discussions at the high-level that if the government itself runs all
outlets, then the department can easily earn nearly Rs 6,000 crore, which is Rs
2,500 crore more than its present revenue," sources said.
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How Urban Ladder Is Climbing The Ranks In The USD 15-20B Furniture
Category
Urban Ladder's ticket size is Rs 15,000-16,000, against Rs 1,000-1,200 for many
horizontals. "There has to be strong profitability story at the sub-scale. You can't
say 'I will be profitable when I am $1-billion'. You have to be profitable at onetwentieth the scale," says Ashish Goel, Co-Founder.
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Behind all the investments in retailing is one of the technology industry's favourite
buzzwords: "user experience". It reflects a belief that companies need to obsess not
only over details of product design but also on the environment in which the
products are presented to the public. Apple learned this years ago, creating retail
outlets--now totalling more than 400--that are meant to be high-traffic emporiums
of cool.
How Vini Cosmetics Disrupted The Indian Deo Market With Fogg
Launched only 2 years ago, Fogg has garnered an all-India (Nielsen) value share of
about 13% as of October this year while Axe's market share, which was the leader
so far, is ~8% now. down from ~18-19% in this INR 2,100 cr market.
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Amazon has successfully fought such efforts in the U.S. for years. In 2000, workers
at a customer service call center in Seattle lobbied to form a union and met with
stiff resistance from the company.
Tesco-Tata joint venture a test case for retail FDI: How Will Tesco's
Investment Be Deployed?
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The government has mandated that foreign companies invest a minimum of $100
million and half the total FDI go in back-end infrastructure within three years of
the first tranche. Yet, Tesco is taking a 50% stake in the Tata-owned Trent, which
already runs hypermarkets under the Star Bazaar brand.
How Will The Lokpal Bill Affect The Indian Luxury Market?
The general consensus is that if the drive against graft and black money
strengthens, then India may mirror what has happened in the Chinese luxury
market. According to global consultancy Bain & Co, the luxury market in Mainland
China grew only 2% between January and November, partly because the
government came down heavily on corruption.
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H&M needs that buzz to help gross margins, which have fallen below 59 % from
almost 63% in 2010, while mid-market rival Inditex has improved theirs to about
60% from 57%.
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spirits with an 18% market share, fashion and accessories with 13.5% and watches
and jewellery with 12.2%.
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from publicly available data or sources believed to be reliable. If the said content contains
any mistakes, omissions, inaccuracies and typographical errors, etc. FRPT Research
assumes no responsibility thereof. The company does not warrant the totality and
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herein.
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