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| From the desk of Strategic Resources For any query, discussion or feedback, please contact Pavan Chandra, Head of Strategic Resources at pchandra@zenithoptimediaindia.com, +91-124-4195100. Office Address : 10th Floor, Vatika Tower, Block-B, Sector 54 Gurgaon -122002, Haryana, India. |
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| Volume: IV |  |
July 25, 2007 |
| CLICK ON ANY OF THE ABOVE |
Ringside is a report that provides an overview of
happenings in categories of Airlines, Alcohol, Cars, Computers, Consumer
Durables, Financial Services, Food and Beverages, Hotels, Real Estate,
Retail, Telecom Service Providers, Two-wheelers, Skin Care and Athletic
Shoes.
Each of these will have sections on 1. Sales and market share 2. Trends
3. Launches 4. Advertising campaigns
Navigation is easy. Simply click of any of the categories of interest to
you and you will have the latest news in front of you.
Drop in a mail at
pchandra@zenithoptimediaindia.com with your suggestions and
comments.
Retail
Share Prices
Sales and Market Share
Source: Euromonitor Report- Hypermarkets - India- June 2007
Source: Euromonitor Report- Supermarkets - India- June 2007
113. Trent Net Rises Marginally – June 30
Trent’s annual net profit up by 33%
Trent Ltd. reported an increase in net profit to Rs 7.1 crore for the quarter ending 31 March, 2007, from Rs 6.98 crore for the quarter ending 31 March, 2006. For the FY 2006-07, the company’s net profit was up by 33% to Rs 32.41 crore.
Source:
The Hindu Business
Line
Trends, Marketing Initiatives and Others
114. RPG To Open One Store A Day – July 12
RPG Group to invest Rs 1,000 crore for opening 365 supermarkets
RPG Group, the owner of retail stores under the Spencer's brand, plans to invest Rs 1,000 crore for opening 365 supermarkets by 2008 to strengthen its supply chain. Spencer's Retail offers a complete range of products and durables. According to RPG Enterprises Chairman Harsh Goenka, the company plans to include five types of stores – hypermarket, supermarket, daily, express and `Fresh' stores for fruits and vegetables.
Source:
The Economic Times
115. After Big Bazaar, Biyani Goes Small, Lines Up Local Stores – July 06
Pantaloon to launch Fairprice Value Stores in Aug 2008
Kishore Biyani, the CEO of Pantaloon Retail, has said that the company plans to launch Fairprice Value Stores in August 2008. The non-AC, no-frills, basic-format stores will offer products at huge discounts. The stores will be constructed on local residential areas and will cater to the daily needs of consumers. Pantaloon aims at setting up 1,500 such stores across the major Indian cities by February 2009.
Source:
Indian Business Insight
116. Hotel Rooms Planned In Malls Now – June 30
Malls to include hotel rooms for visitor accommodation
Developers plan to create hotel rooms in upcoming malls to provide accommodation to in-bound tourists and those who wish to be in the vicinity of the ‘happening’ life while maintaining complete ‘privacy’ in NCR. According to Vipin Luthra of Ambience Hospitality Management, the creation of hotel rooms in malls is relatively cheap; hence, the customers pay less for using the facility. DLF, a real estate company, is planning to open its first 250-room hotel, Hilton Garden Inn, at its mall in Saket, Delhi, in 2008.
Source:
The Times of India
117. Future Bazaar Plans Doorstep Delivery For Food, Groceries – June 28
Future Bazaar adds doorstep food delivery to its product list
The Future Group’s e-commerce portal, Future Bazaar, is planning to offer doorstep delivery of food and groceries from its foods retailing format, Food Bazaar. At present, Futurebazaar.com sells nearly 5,000 products listed under categories such as consumer durables, home décor, apparel, mobiles, watches and accessories.
Source:
The Hindu Business Line
118. Tatas Enter Airport Retailing – June 22
Tata opens Croma Zip at Mumbai airport
In technical alliance with the Australian retail company Woolworths, Croma, the consumer durable chain of Tata has set up its first consumer durable and electronic retail store at Mumbai airport’s domestic terminal. The store is branded as Croma Zip and sells products ranging from toys to laptops. According to Ajit Joshi, CEO of Infinity Retail Ltd. (which manages five Croma stores and Croma Zip store) in the coming months, the company is expecting a 25% conversion rate from the large number of passengers who pass through the terminal.
Source:
The Hindustan Times
119. Reliance Super Stores To Join Fresh – June 21
Reliance Retail will introduce Reliance Super stores
Mukesh Ambani’s Reliance Retail plans to introduce Reliance Super stores along with its Reliance Fresh chain to overcome opposition from local vegetable vendors and middlemen in various states. Reliance Super stores will consist of large supermarkets (with an area of 4,000-10,000 sq ft) that will sell grocery, stationery, pharmaceutical products and apparels. Reliance Fresh stores will comprise smaller stores (approximately 4,000 sq ft) selling fruits and vegetables.
Source:
The Financial Express
120. Food Bazaar's Snack Brand Gains On Frito Lays Exit – June 20
Tasty Treat gains market share
The exit of Frito Lays brands from Pataloon’s Food Bazaar has immensely benefited Tasty Treat, the ready-to-eat private label of Food Bazaar. "In the past few months our private brand in the snacks category has been dominant with a 16 per cent share. In fact, the second largest selling snack brand – ITC's Bingo is way behind it'', said Sadashiv Nayak, CEO, Food Bazaar, Pantaloon Retail. He added, "We are exploring new brands and would be entering the new segments with more of our own private labels. We would look at regional preferences and would like our private brands to be the preferred brand in the foods space''.
Source:
The Hindu Business
Line
121. Reliance Retail Set To Storm FMCG Space With Packaged Tea – June 16
Reliance Retail to foray into the fast growing tea market
Reliance Retail plans to introduce packet tea under its private label, Reliance Select. The company has initiated an exclusive deal with Goodricke Group Ltd (GGL) to procure some of the Goodricke brands. Reliance plans to introduce packaged tea through grocery outlets such as hypermarkets and convenience stores.
Source: The Economic Times
Product Launches
122. New Brand Identity For Spencer’s Hyper – June 30
On 29 June, 2007, Spencer’s Retail launched
the first
of its redesigned and rebranded Hyper stores at Inorbit mall in Mumbai. This
54,000-sq-ft store has provided Spencer’s Hyper with a new brand identity.
123. Pyramid To Launch In-House Grocery Brands – June 25
Pyramid Retail Ltd. plans to launch TruMart Uttam, an in-house brand for grocery items, at its supermarket chain TruMart by July 2007.
124. Rajesh Exports May Open Jewellery Retail Chain Worldwide – June 20
By 2008, Rajesh Exports plans to open approximately 50 retail stores of its
‘Laabh’ chain of jewellery in South East Asia, West Asia, Europe and the US.
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