IndiaRetailBiz

“Eight out of 10 products launched in the United States are destined to fail.”
“Roughly 21,000 new brands are introduced worldwide per year, yet history tells us that more than 90% of them are gone from the shelf a year later.”— Martin Lindstrom, Marketing Guru. Chairman-CEO, Lindstrom Co.

Martin Lindstrom, after a three-year long, $7 million neuromarketing study, […]

Despite lacklusture beginning in the first half of October month, major retailers are confident of increased business in the last few days of the festive month. The month of October has assumed greater significance , this year, as all major festivals of Durga Puja, Dashhera, and Diwali are occuring during this calendar month, this […]

“Will I have enough to put on the table so my family can eat?” — Shopper’s concern.

Economic pain has begun to show.
In the US, where the impact of financial meltdown is most visible, shoppers have started to display disturbing changes in their buying habits, says a U S Today report.
Economic pain is […]

“It is quite possible for both the organised and unorganised sector retailers to co-exist and flourish,” said Rakesh Kacker, Additional Secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution. He was speaking to IANS on the sidelines of an international retail summit recently held in New Delhi.”India […]

“Driving consumption across categories is essential. We need to grow the basket-size per customer.” — Peter Haden, Partner and Co-leader (Retail practice), McKinsey & Company.
Organised retail will touch $450-billion in size by 2015. Its share will expand from current 5 per cent to 14-18 per cent of the total market, says latest […]

India Retail Forum 2008, which recently held its annual convention in Mumbai, had a Q&A session with India’s largest listed retailer, Kishore Biyani, CEO, Future Group.
Enumerated below is a gist of Biyani’s take on a number of issues concerning retail business in India. He also spoke about his impressions on some his own retail formats:
Retailing: Retailing is […]

4Ps — politics, people, property, and products — according to Steve Gilman, chairman, Big Idea, UK, are major issues that affect progress of modern retail in India. Gilman was speaking on the second day of the IRF Meet being held in Mumbai.Gilman, who has worked extensively in the Chinese retail market, […]

Around this time last year, ‘Modern’ Retail was buzzing with lot of excitement and euphoria surrounding the sector was highly visible. Even strident political opposition from political activists and unorganised sector was factored in by business leaders in the sector.
Every one connected with retail was anxious about imminent shortage of quality manpower. […]

Alarmed with entry of the corporate sector in the retail of pharmaceuticals, the Chemists and Druggists Association of Krishna District in Andhra Pradesh, has sough immediate intervention of the concerned authorities to check the dangerous trend of playing havoc with the public health system.
The Association represented by its president V […]

Development of nationwide infrastructure and creation of uninterrupted supply chains are among the most important challenges facing the retail industry in India and other emerging markets, according to Prof Kathleen A. Krentler of the College of Business Administration, San Diego State University, California.
Krentler said this while delivering the keynote address at a […]