Retailigence

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Archive for November, 2008

Top 10 Interview Tips (Part 1)

Posted by retailigence on November 26, 2008

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Top 10 Interview Tips (Part 2)

Posted by retailigence on November 26, 2008

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Top 10 Interview Tips (Part 3)

Posted by retailigence on November 26, 2008

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Interview Tips: Why should we hire you? – the BAD answer

Posted by retailigence on November 26, 2008

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Interview Tips: Why should we hire you? – the GOOD answer

Posted by retailigence on November 26, 2008

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Interview Tips: Tell me about yourself — the GOOD answer

Posted by retailigence on November 26, 2008

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Wal-Mart and Bharti in India deal

Posted by retailigence on November 26, 2008

A joint venture between Wal-Mart Stores and India’s Bharti Enterprises has been finalised, the pair said on Monday. Bharti Wal-Mart Private Limited will operate wholesale cash-and-carry and supply chain operations in India.  Opening 10 to 15 outlets by 2015, it plans to employ about 5,000 people selling groceries, consumer goods, fruits and vegetables.

India’s retail industry is worth $300bn (£148bn) a year and has attracted the interest of international retailers.  Large overseas retailers are currently barred by law at the retail level in India, but not in the wholesale market.  Tesco, France’s Carrefour, and Germany’s Metro are all big names who have expressed an interest in establishing operations in India.

The first Bharti Wal-Mart Private Limited cash-and-carry store is set to open by the end of 2008.  “This venture promises to bring great value to millions of farmers, artisans, small manufacturers and retailers across India,” said Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises.

“We are pleased to be a partner in developing this sector which is set to become a significant engine of India’s economic growth.”

Source: scotlandsoracle.co.uk

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Slump may delay Carrefour’s India retail plan by one year

Posted by retailigence on November 26, 2008

Carrefour SA, the world’s second-largest retailer, will take at least a year to tie up with an Indian partner to start retail operations in the country as its prospective partners grapple with the ongoing financial crunch and slowing sales. The French retailer is also delaying its retail plans to focus on launching cash & carry (wholesale) operations next year, according to a top company source.

“We are making thorough due diligence and understanding the finer details of retailing in India, which is why we are taking some time. We are still in talks with two-three Indian companies,’’ a company official said.

An e-mail sent to the company’s headquarters in France did not elicit any response. Carrefour is in talks with more than six Indian companies that include diversified business groups, retailers and mall owners to find a retail partner, the company had said earlier. Foreign retailers are opening wholesale stores in the world’s second-most populous country, because the Indian rules bar them from setting up or owning stake in local retail chains. The ban does not apply to wholesale stores.

The name of the wholesale stores could be ‘Carrefour Cash & Carry’ depending on getting the regulatory approvals, the official said. Another key reason delaying Carrefour’s entry into the retail segment is the French giant’s tough bargaining stance. “Many of the companies do not like this bargaining,” a retail consultant said, who declined to be named. In November 2007, the Paris-based company announced that it may start operations from metros such as New Delhi, Mumbai, Bangalore and Chennai. The company will be setting up cash & carry outlets under the brand ‘Carrefour’ in the suburbs of these cities.

Carrefour has held talks with Bharti Enterprises, the Wadia Group, Delhi-based realty companies such as Parsvnath and DLF for potential tie-up, according to reports. The size of the franchise stores and cash & carry outlets will range from 32,000 sq ft to 86,000 sq ft. Barring the cost of the real estate, the fit-ins may cost $5-10 million per outlet, Carrefour said earlier.

Though their home markets are passing through recession, US and European retail chains such as Wal-Mart, Tesco and Carrefour are betting on emerging markets such as India due to its high economic growth and large organised retail opportunity.

Sources :- Business Standred

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Vishal Retail to introduce shop-in-shop concept at their stores

Posted by retailigence on November 26, 2008

Moving away from their earlier model of expansion through company owned stores, Vishal Retail is now showing interest in using the franchisee route for its expansion. Out of the 178 stores at present, 165 are company owned. But the way forward for the company would be the FOFO (Franchisee Owned Franchisee Operated) option. Immediate future plans of the company also include bettering the consolidation of the restaurant and their organised food retailing business and also concentration on the expansion of private labels.

Sharing details on the consolidation of the restaurant and their food retail business, Ambeek Khemka, Group president, Vishal Retail, says, “With a view to providing holistic shopping experience within the Vishal Megamart premises; Vishal Megamart has launched its in-store restaurant chain called 3H (which stands for health, hunger and hygiene). For the moment, no new cities would be added; the 50 existing outlets which have these in-house restaurants would see further consolidation in terms of enhanced back end support and branding initiatives. In terms of investment for this consolidation, no additional investments would be needed except for few fixtures and a separate enclosure which is required for the restaurant.”

Meanwhile, the company is also planning to introduce the shop-in-shop concept at their existing retail outlets. Explains Khemka: “We are coming up with a new concept of shop-in-shop where we would provide brands with space in our outlets thus enabling them to enjoy the extensive network which we have across India and even share brand equity on mutually agreeable terms.”

Commenting on the expansion in the number of stores to be opened, Khemka shares, “Vishal Retail, presently with 178 outlets (with nearly 165 company owned outlets) is planning to go forward with more of FOFO outlets and by the end of this fiscal year is aiming to achieve a tally of 200 plus stores mainly in tier II and III cities. The additional new stores will all be on the FOFO model and will be focusing more on the North India belt followed by the Eastern India region and then subsequently the West.”

In sync with the trend being followed by majority of the retailers with regards to expansion of private labels, Vishal Retail too would be seen showing more concentration on expansion of their private labels and there could be a possibility of making these available at other local kirana stores as well. Sharing details about the expansion of private labels, Khemka says, “We generate 45 per cent of our total revenue from the apparel segment out of which 80 per cent is contributed by our private labels while FMCG segment contributes 13 per cent. We sell products 20 to 25 per cent cheaper than the market price. Currently we have around 20 labels under the Vishal in-house brand portfolio.”

Currently the group occupies a total retail space of 29,069 square feet wherein the average size of the company owned store is anything between 10,000 – 15,000 square feet and the FOFO store would be anything between 3000-5000 square feet.

Sources:- Indianretailing

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HyperCity ties with Nat Geo; to retail educational toys

Posted by retailigence on November 26, 2008

HyperCity Retail (India) Pvt Ltd, part of the K Raheja Corp, joins hands with National Geographic to bring in an extensive range of educational toys to all HyperCity stores. This strategic tie-up will last over a period of one year, said a company press release.

Introduced for children above eight years of age, the company believes these toys will motivate children to learn facts and reap developmental benefits as they play. They are aimed at encouraging kids to think creatively and learn through scientific experimentation. A refreshing change from existing toys, this range involves kids in innovative activities and discovery of new things.

Priced in between Rs 599 and Rs 5999, the range includes various kits and gear including human eye and human heart kit, electronic lab telescope and microscope, nature exploring kit, dinosaur toys, crystal growing kit, volcano and earthquake set, planetarium kit and interactive globes, added the release.

Source:- IndiaRetailing Bureau

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