On completing ten years of their existence, India’s leading retail chain Big Bazaar, owned by Kishore Biyani, is going for an image makeover with a new logo and a tag line that targets modern Indian consumers. “The logo and tag line will become a part of all our communication. With the new change we are moving on to a more Read full story…
After hobbling on a proposal paper, released in July 2010 by the Department of Industrial Policy and Promotion (DIPP), to allow 51 per cent foreign direct investment (FDI) in multi-brand retail in India, the discussion seems to finally be reaching some destination. The Union Finance Ministry has approved the Cabinet note on Foreign Direct Investment (FDI) in retail – which Read full story…
Flipkart.com, India’s largest online bookstore founded by two former colleagues at Amazon.com has set up a facility of 12,000 sq ft in Kolkata to tap into the eastern India market with an inventory size of 2 lakh SKUs. Flipkart currently has offices in Bangalore, Delhi and Mumbai. The three year old online book shop, whose current sales volume stands at Read full story…
Global industry-related facts: Worldwide retail sales are estimated at $7 trillion (USD). The top 200 largest retailers account for 30% of worldwide demand. The money spent on household consumption worldwide increased 68% between 1980 and 1998. Retail sales are generally driven by people’s ability (disposable income) and willingness (consumer confidence) to buy. Approximately 2,000 companies voluntarily report on their economic, Read full story…
Power Center Shopping center that is dominated by several large anchors, including discount stores (Target), off-price stores (Marshalls), warehouse clubs (Costco), or category specialists such as Home Depot, Office Depot, Circuit City, Sports Authority, Best Buy, and Toys “R” Us. Regional Center Shopping mall that provides general merchandise (a large percentage of which is apparel) and services in full depth Read full story…
