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Entries from May 2007

Subhiksha scores again; offers up to 35% lower prices than counterparts for vegetables in Ahmedabad

May 24th, 2007 · 1 Comment

Subhiksha has scored again. Its prices for a basket of vegetables are cheapest among those offered by leading retail chains in Ahmedabad. This time, we conducted our price survey in Western parts of Ahmedabad, which has retail outlets of almost all the leading retail chains are located.
While, analysts expect modern retail to offer price benefit […]

Tags: Subramanian (Subhiksha) · Retail Research

The UK-based Marks & Spencer plans to expand in India

May 24th, 2007 · No Comments

Marks & Spencer, the UK-based, leading international department store retail chain, which was founded 113 years ago in 1894 by Michael Mark and Tom Spencer in London as ‘St. Michael’ is looking at vigorously expanding its business in India, reports PTI.
Just a few years ago, when Indian economy was still liberating, M&S store Marble Arch […]

Tags: Retail

Kisore Biyani’s Future Group to sponsor forthcoming cricket matches

May 24th, 2007 · 1 Comment

Although most Indian companies, who badly burnt their fingers during the recently concluded world cup in the West Indies, are wary of sponsoring international cricket events involving India, there is one– the Kishore Biyani owned Future Group, which still sees value and is ready to take a fresh look at the […]

Tags: Kishore Biyani (Future Group)

Future’s future to be driven by technology; outlay of Rs 400 crore envisaged

May 23rd, 2007 · No Comments

Close on heels of Reliance investing Rs.1,000 crore on technology, comes the news of the Kishore Biyani owned Future Group outsourcing its information technology infrastructure to Cisco and IBM, reports Business Standard. This would entail an outlay, over the next three years, of Rs. 400 crore.
Apart from ensuring critical flow of information, […]

Tags: Kishore Biyani (Future Group) · Technology

Reliance bets heavily on technology; plans outlay of 1,000 crore

May 23rd, 2007 · No Comments

Reliance, which made heavy investments in 2003 in technology to tightly monitor and control the supply, delivery and dispensation of fuel products throgh its network of petrol pumps, is looking at extending the good experience to its retail venture. Reliance is considering an investment of at least Rs. 1,000 crore in […]

Tags: Mukesh Ambani (Reliance) · Technology

Retail occupies ‘Top of the mind’ space in just six months!

May 21st, 2007 · 1 Comment

November, 2006, could easily go down in the history as momentous for the organised (modern) retail business in India. Although, six months is not a long time, the new wave of modern retail has brought about paradigm shift in the way people think about shopping in urban India.

It was 3rd November, 2006, when Mukesh […]

Tags: Bharti (Bharti Retail/ Bharti-Wal-Mart) · Tatas (Westside/Croma/Landmark/Teisco/Other) · Aditya Birla (More/ Other) · Research/ Analysis/ Stats/ Trends · Retail Trends

Birla offers ‘more;’ 1,000 stores, 2 formats, $2 billion, and thousands of jobs in 3 years

May 20th, 2007 · 1 Comment

The US$ 24 billion Aditya Birla group, one of the top business conglomerates in the country, with major interests in metals, textiles, cement, and telecom, announced its roadmap for foraying into the fast growing retail segment on Friday, the 18th May, 2007.
Kumar Mangalam Birla had earlier in November, 2006 had announced his intentions of entering […]

Tags: Aditya Birla (More/ Other)

‘Lemon’ laws protect U.S. consumers from defective goods

May 20th, 2007 · 1 Comment

What are lemons?
Well, under the U.S. laws, products that repeatedly fail to meet certain standards of quality and performance are known as as lemons!
It may come as a surprise to you that customers in the United States, under the “lemon laws,” are entitled to receive free replacement of any defective item, in which the defect […]

Tags: Policies/ Government

Reliance ‘Fresh’ shops do brisk business amid pelting of stones by agitators in Indore

May 18th, 2007 · No Comments

Agitation by fruit and vegetable vendors of Indore, which began with the burning of Reliance owner Mukesh Ambani’s effigy in the local fruits market, three days ago, continued on Thursday as well, when small traders pelted stones on company’s vehicles at the vegetables and fruits Mandi in the city near Choithram Hospitals Complex.

A security […]

Tags: Mukesh Ambani (Reliance)

Agitation against Reliance ‘Fresh’ intensifies; spreads across Jharkhand

May 18th, 2007 · No Comments

Even as Reliance employees brave the onslaught of protestors, small vendors are becoming restless. Intensifying their agitation against Reliance ‘Fresh,’ they have spread it across the state of Jharkhand.
Vegetable vendors and their supporters on Thursday took out rallies across the state, shouting slogans against Mukesh Ambani owned Reliance Retail. They also staged Dharnas (sit-ins) in […]

Tags: Mukesh Ambani (Reliance) · Policies/ Government