- Magazine
- Retailer February 2011
Retailer Magazine - February 2011
Superb Services - Mega Sales
Naaptol is a technology driven, customer focused virtual mall. Founded in early 2008, naaptol.com started as an online product research and price comparison portal, but now the company is carving niche as a home shopping business complete with the offerings, ranging from consumables, apparel, jewellery, automobiles, health equipments to hi-tech gadgets and many more.
Can we expect more liberal budget?
This season rising vegetable prices have left both the retailers and consumers cold. Rising inflation at one end is eating into the margins of the retailers, and at the other end, burning a big hole in consumersâ pockets. Food inflation at 18.3 per cent is clearly alarming, which has led to the honorable Union Home Minister to recently remark that there can âNo tax worse than inflationâ. Improving supply chain infrastructure though by no means the only panacea, but would play a key role in reining in the galloping inflation.
All set to capitalise business opportunity
Weâve been operating in India as the sourcing hub for the last decade. And during those visits I realised the potential and opportunity that exist in India. Reliance Footprint is the first store that we operated with. We donât have any official tie-up with Reliance Footprint. Theyâre our first retail partner. We did a joint launch in April 2008. Since then the relationship has grown from strength to strength. Weâre expanding and growing with them.
By Suranjana Basu |
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Dipping mercury, rising sales
Winter, this year, was severe in the northern part of the country and this is the main reason why the fashion retailers are happy. The harsh winter has spurred the sales of winter garments. The merchandise was flying off the shelves at rapid pace and the business was doing better than the last year with the sales up 30-50 per cent over last year. Lilliput sold off 70 per cent of their inventory before winter completely set in, pushing the retailers to go for discount sales for stock clearance. Better sales making the retailers to stock more and it paid off quite well. Though the period of this season is short, but due to the growing awareness of brands among customers and evolving retail environment, this category has been taken very seriously in the recent years.
By Avinder Batra |
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Making milestones in real estate
Retailer: Tell us about your company, Avinash Developer Pvt Ltd. Anand Singhania(AS): Avinash Developer Pvt Ltd is an exalt and a pioneer promoter and builder of Chhattisgarh state and central India. ADPL is an ISO 9001:2008 certified company and is a registered colonizer with the municipal corporation of Raipur. ADPL is flagship of Avinash Group and has been incepted in the year 1996. Further, in a short span of 14 years, ADPL has made a milestone in real estate by making 19 residential, 50 commercial complexes, two mall-cum multiplexes nestling 1500 appeased customers.
By Seema Seth |
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Minding money lending
The dawn of modern retail is gradually heading towards the more mature days of bright sunlight. The sunrise sector is welcoming the retail companies to roll out their plans. Besides metros, the focus is on tier II and III cities where people are still euphoric about new fashions and trends. The money minting is no more concentrated in a few selected cities and the spreading of urbanisation is boosting up the overall growth of modern retail. The organised retail sector is growing at a rate of 30 per cent, and constitutes 5 per cent of the entire retail industry in India. The capital intensive industry requires investments upwards $100 billion over five years and FDI is one such facilitator that can actually pumps in the needed fresh air for retail to breathe easy. Funding takes the lionâs share of any business plan, and venture capitalists, PE funders and angel investors are the key drivers in this respect besides the more commonly accessed bank loans.
By Suranjana Basu |
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Beauty engraved in glass jewellery
Murano glass jewellery can grace the fine neckline, the sparkling globules can dangle from the tender ear lobes. The moment is not far away for the Indian beauties as Natalie Hesse, President & CEO of LuckyClover International shares her retail plan in India.
By Bhavya Misra |
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Virtual shopping destination
The first wave of e-commerce in India witnessed a spurt in travel e-commerce. The segment alone recorded a 50 per cent growth last year (2010). With the advent of the second wave of e-commerce in India during the previous decade, Indian e-commerce space saw emergence of newer formats of online shopping such as group buying sites, private sales clubs and comparison shopping platforms. This decade also witnessed considerable mergers & acquisitions with investment flowing in from some of the leading investment funds in India and abroad.
By Bhavya Misra |
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Stores for dignified sales
Factory outlet stores are a vital link in the inventory management cycle of any brand and a retailer. They are essential to keep moving dated inventory, ensuring that regular stores are able to present fresh merchandise to consumers.
By Vrinda Oberai |
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Decoding retail in the new decade
With the new decade, the retail is going have a definite structure following the evolving process it undergoes. How the changes will be reflected in retail operation and shopping experience? An analysis.
By Avinder Batra |
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Building retail conglomerates
In todayâs business culture it is common for competing retail brands to share the same management/ parent company. In this article we look into the trend of such retail businesses and the modus operandi of the parent company, often called the Retail Investment Group.
By Punita Kapoor |
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Taking an error-free route
Nilkamalâs @Home was scouting for system integration that will monitor the faculties like POS and ERP with complete data security. SAP had the solution.
Vision for increased efficiency
Anand Mehta, Director, Business Development (Retail Vertical), Asia Pacific, Motorola Electronics Pte Ltd talks about the offerings they have in their basket, specifically for the retail segment.
By Suranjana Basu |
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Royalty or loyalty?
CRM programmes are doing the round among major retailers. Launching loyalty cards is believed to be one traction factor for the consumers. But, how much they are convinced by the entire process? How much transparency is involved in it?
By Bhavya Misra |
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Power of intelligence
Technology has emerged for the comprehensive enhancement of business practices. Software applications now form the backbone of retail intelligence.
By Suranjana Basu |
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Thinking business in design
Today store design should be capable of doing justice to your margins. Store environment and in-store service needs to be aligned better. This message comes up as Joseph Somma, Director, Otto Design Interiors, unravels the scope of its effectiveness.
By Suranjana Basu |
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Honing the connecting skill
Itâs an era of time saving quality practices. Networking is one of the key modules that can bring this end result with its proper implementation by trained professionals.
By Anil Bhasin |
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Retail Spectacle
Franchise India 2010 show underlined the immense growth prospect in retail services. Retail dissection was carried out by the best minds of the industry, analysing multiple dimensions of retail business. The eighth edition of Franchise Indiaâs flagship show took place at Hotel Ashok, New Delhi, on December 11-12, supported by the IFA and Remax. This event was comprised of Franchise India 2010 Expo, showcasing over 300 Indian and international brands, 25,000 business buyers and unique business and financial solutions, and a conference on franchise and retail businesses where exponents in these fields share their innovative business ideas to the entrepreneurs and investors. The one word that summed up the show is âopportunitiesâ. The show offered enormous opportunities that encompassed all facets of franchising, retailing and licensing. The show was inaugurated by the Chief Guest, His Highness Sheikh Sultan Bin Nuaimi of UAE; Special Guests of Honour, Mana Al Suwaidi, Commercial Attache of the UAE to India, Ministry of Foreign Trade, Embassy of UAE, New Delhi; and Dr HP Kumar, Chairman and Managing Director, NSIC.
Designed and fitted well
Modular, being the buzzword in store design and fitting, Ajay Vadhera, MD of BRV Retail Solutions, talks to Retailer about its importance in retail, the latest trends and their future plans.
By Seema Seth |
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Lucrative business of Real Estate
Franchise India Holdings Ltd organised their first ever Estate Summit 2010 at the hotel, The Ashok, New Delhi, on December 2 last year in association with RE/MAX India where they also awarded developers and brokers for their exemplary work.
By S L Talwar |
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