Fashionunited.com April 3, 2014 After starting delivery services to Indian patrons through its global site, American lifestyle clothing retailer Gap is now inching closer to them by partnering with ecommerce portal Myntra. As per reports, talks are on to finalize a deal with Myntra to launch its online store in India. It may be recalled that the largest casual wear retailer in the US is also said to be in talks with Arvind Lifestyle Brands to open brick-and-mortar stores in the country. According to a Third Eyesight survey, eight US department stores and brands are currently shipping their products to…
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Arpita Mukherjee, Business Today New Delhi, March 30, 2014 Last year, electronics retail store Croma Retail decided to sell JBL speakers at its store in Delhi's T3 domestic airport terminal. To begin with, it was an experiment. After all, why would anyone buy a set of speakers at an airport terminal of all places? But the strategy paid off. The entire stock of speakers, priced at Rs 5,990 each, flew off Croma's shelves. "The price was not reduced nor was there a special deal. All we did was give the brand prominent shelf space, which makes a huge difference to…
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Nupur Anand, DNA (Daily News & Analysis) Mumbai, March 25, 2014 As demand for branded fruits grows, corporate houses are diving into the business. After Mahindras, Tatas have entered the space. While Mahindras sell fruits such as apples, grapes and bananas, apart from several other imported varieties under Saporo brand, Tatas have begun with grapes -- Rallis-Star Bazaar Grapes. Ashok Sharma, chief executive, agri & allied business, Mahindra & Mahindra, told DNA, "The entire Rs 3 lakh crore fruit market in India is unbranded and that spells huge advantage for players who are looking at tapping into this market." M&M…
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Debojyoti Ghosh, Forbes India Mumbai, March 20, 2014 There is no monopoly on good taste. It is this epiphany—combined with the business acumen that has driven the Marwari community for generations—that has spawned a home-grown textile success story in the erstwhile pensioner’s paradise of Bangalore. Himatsingka Seide, a Rs 2,500 crore (sales) home-textile powerhouse with manufacturing operations in India and a retail network across 22 countries, has been growing at a compound annual growth rate (CAGR) of 15-18 percent over the last five years—this in a tough global economic environment and in a sector that is growing at a CAGR…
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Meghna Maiti, Financial Chronicle Mumbai, March 20, 2012 Azim Premji, the billionaire chairman of Wipro, is once again turning his attention to the retail sector. His investment fund, PremjiInvest, has bought nearly half the shares on offer in the recently concluded qualified institutional placement (QIP) of the Tata group’s listed retailer Trent. PremjiInvest has invested Rs 122 crore in Trent which runs the Westside chain and the Star Bazaar chain, according to a Trent disclosure to the Bombay Stock Exchange (BSE) on March 16. This makes PremjiInvest, with 4.91 per cent, the second largest shareholder after the Tatas who have…
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