IndiaRetailBiz

America’s shrinking middle class is forcing retailers to aim for the high end or the low end and to skip the middle, according to Platt Retail Institute, which reports that Wal-Mart is headed up market writes Carol Carter in Business Advisors
But going up market can be challenging, warns Platt: “Ten years ago, J.C. [...]

Reliance is not content with its massive plans to become a retail major in the country. The company is working on strengthening its procurement and supply chain efficiencies to emerge as a key supplier and exporter as well reports the Economic Times.
The company, as a way of practising its procurement tie ups, had earlier supplied [...]

The Reliance Group Chairman, Mukesh Ambani, a big believer in the power of number nine. has chosen to kick-off his next big bet: the launch of Reliance Retail on October 18, reports the Economic Times. Ambani and the Andhra Pradesh chief minister YSR Reddy are expected to inaugurate the group’s first retail format — a [...]

Spencer’s Retail is all set to open six new Spencer’s Dailies outlet on Friday. With this, Spencer’s will have 80 outlets across the country reports Hindu Business Line. According to a press release issued by the company, the six new outlets are located in Pune, Hyderabad, Tiruchi and Bangalore. “Plans to open more Spencer’s Hypermarkets [...]

Retailers Association of India (RAI), the unified voice of the Indian retail industry, and Mudra Institute of Communications, Ahmedabad (MICA) India’s premier institution that provides professional training in communication, have come together to launch a six month Professional Programme in Visual Merchandising & Creative Communications for the first time in India reports ClickPress.
Visual Merchandising (VM) [...]

Organised retail is showing signs of traction, a sign of coming of age said Raghu Pillai, President and Chief Executive of Operations and Strategy, Reliance Retail, according to a report published in the Economic Times.
Pillai who was a participant at the CII’s Marketing Summit also said that organised retail would move from the current [...]

Reliance Retail (RRL) seems to be clearly emulating Wal-Mart in structuring its business model. Driving its lowest-operating cost structure further, RRL plans to outsource most of its 500,000 manpower requirements through a franchisee-managed stores model, reports the Economic Times.
A network of multiple agencies in each state would be roped in to source the front-end [...]

Retail shrinkage is the difference between book stock and actual stock. It is the unaccounted loss of retail goods. Its main causes are theft by employees, administrative errors, shoplifting by customers or vendor fraud.
Rakesh Biyani, Director, Pantaloon feels that as India enforces the MRP (Maximum Retail Price) system, [...]

India’s leading retailers have come together to launch an association — Retailers Association of India (RAI) — with a vision to develop, facilitate and propagate practices and processes that will grow the Indian retail industry reports Hindu Business Line.
The agenda of this body will be to have a strong charter and code of conduct for [...]

Reliance Retail and Future Group (Pantaloon) have decided to build up significant online channel to run parallel to their physical formats, adopting the highly successful online model of Wal-Mart reports Business Standard. Online sales of Wal-Mart has been growing faster than sales of eBay and Amazon. This, therefore, is a clear warning signal to fledging [...]