He’s betting big on small stores to help him reach 10 million households by FY21, report Abhineet Kumar and Raghavendra Kamath. IMAGE: Kishore Biyani has identified small format stores as one of the pillars of his group’s long term retail strategy. Photograph: PTI Photo. Future Group founder Kishore Biyani recently cycled from Jodhpur to Jaisalmer, in Rajasthan -- a distance of 280 km. It was part of his itinerary to visit a dozen small towns last month. These were not pleasure ... Rediff.com, 2 days ago
3 images for "technopak"
‘This is almost like demonetisation and is overwhelming,’ says a bar-owner. Aman Pasrija is thanking his stars. Had his bar been just 50 metres closer to the NH 8, he would be suffering a loss of Rs 2.5 lakh daily. In a sector in which location is a key factor, Pasrija escaped by a hair’s breadth and was saved from closing the bar in his 80-cover restaurant in the Cyber Hub area in Gurgaon. “I have never felt luckier. We are 550 metres away from the highway. Guess what, ...Rediff.com, 3 weeks ago
Auchan and another French retailer, Carrefour, exited India in 2014 About three years after it exited the Indian market, French retailing major Auchan Group is keen to return if the government allows “food plus” in foreign direct investment (FDI) in retail, official sources said. Executives of the company recently met senior officials of the ministry of food processing industries (MoFPI) and expressed interest in coming to India, in case the FDI norms are relaxed, the sources said.Rediff.com, 1 month ago
Analysts and sector experts pin this trend down to the aspirational nature of home and personal products. Viveat Susan Pinto reports. IMAGE: Inside an Amul processing unit. An expert says, "What MNCs have is globally-tested best practices and formulations that work well in home and personal care. Products are uniform across markets. In food, uniformity doesn't help. It is local tastes and preferences that work."Photograph: Amit Dave/Reuters. India's nearly 3 lakh crore consumer goods ...Rediff.com, 1 month ago
Saks sells luxury brands such as Jimmy Choo, Giorgio Armani, and Tod’s, besides premium brands such as Fila and Puma. American luxury department store chain Saks Fifth Avenue may have to alter its merchandise and store size according to Indian market, say retail experts. The retailer owned by the oldest commercial corporation in North America, Hudson’s Bay Company, is in talks with the Aditya Birla group for opening stores in India, according to media reports. These stores are ...Rediff.com, 1 month ago
In two quarters after buying back majority stake from Snapdeal, digital credit tech company RupeePower has become profitable. The firm, which was burning Rs one crore every month till May last year, now has an EBITDA margin of 15 per cent and is PBT positive.The Financial Chronicle, 2 months ago
on your WebpageAdd Widget >Get your members hooked!