From the desk of Strategic Resources For any query, discussion or feedback, please contact Pavan Chandra, Head of Strategic Resources at pchandra@zenithoptimediaindia.com, +91-124-4195100. Office Address : 10th Floor, Vatika Tower, Block-B, Sector 54 Gurgaon -122002, Haryana, India.

Volume: VIII

November, 2007

 

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Retail

Share Prices

 

 

 

 

 

 

Sales and Market Share

 

 

 

Source: Euromonitor Report- Hypermarkets - India- June 2007

 

 

 

Source: Euromonitor Report- Supermarkets - India- June 2007

 

 

 

Trends, Marketing Initiatives and Others

 

 

 

62. India All Set To Become Next Luxury Retail Destination – November 07

International luxury goods makers eyeing the Indian market

India is being perceived as a major retail destination for top-end products and international luxury goods makers are planning to foray into the luxury retail market here. Currently in its nascent stage, the market is valued at approximately Rs 1,500 crore and is expected to grow at 20% in the 2007-2012 period. The booming stock market and Indians’ growing exposure to international brands have changed the landscape of the luxury retail segment in India.

 

Source: The Economic Times 

 

 

 

63. Mallya Enters Retail; Ropes In Louis Vuitton – November 06

UB Group ventures into high-end retail

On 6 November, 2007, Vijay Mallya’s UB Group announced a new venture in high-end retail, UB City–The Collection, a shopping mall in Bangalore exclusively retailing luxury brands. The group will hold a 55% stake in this venture. France-based Louis Vuitton will be one of the anchor tenants in the mall, whereas other brands who have signed on for space in the 1.5-million-sq-ft complex are Gucci, Fendi, Mont Blanc, Van Cleef & Arpels, Zegna, Rolex and Omega.

 

Source: The Economic Times

 

 

 

64. Reliance Retail Forays Into ‘Jewellery’ Business – October 31

Reliance Retail to enter the Indian jewellery industry with the launch of ‘Reliance Jewelry’

Reliance Retail, part of Reliance Industries, will foray into the Rs 70,000 crore Indian jewellery industry with the launch of Reliance Jewelry. The company, which will launch its first store in Bangalore, is set to compete with Tanishq, the jewellery brand from the Tatas.

 

Source: Exchange4media 

 

 

 

65. M&M Plans Realty Play In Retail Space – November 05

Mahindra & Mahindra forays into the retail sector as an infrastructure provider

Mahindra & Mahindra (M&M) is foraying into the retail sector as an infrastructure provider rather than a service provider. Following its SEZ model, M&M would offer only infrastructure and support services to companies.  The company has already built a retail space for its customers at Mahindra World City in Chennai.

 

Source: The Economic Times 

 

 

 

66. Big Bazaar's Campaign To Serve Poor Children – November 14

Big Bazaar launches 'Power of One' campaign to serve marginalised children

Big Bazaar, in association with the NGO Save the Children India, launched 'the Power of One' campaign, an initiative to serve children from the marginalised sections of society. The campaign will appeal customers to contribute Re 1 for the fund to be given to the organisation.  Launched in Mumbai across all its six Big Bazaar stores, the campaign will be progressively rolled out in over 75 stores in 48 cities and will be supported by film stars and celebrities.

 

Source: The Economic Times

 

 

 

Product Launches

 

 

 

67. Reliance Retail Launches Wellness Store – October 20

On 19 October, 2007, Reliance Retail launched its first wellness store, Reliance Health and Wellness store, in Hyderabad.

 

 

 

68. Tata Group's Infinity Retail Ties-Up With Microsoft – October 25

Tata Group's retail venture, Infiniti Retail, tied-up with Microsoft to launch MS@Retail, a joint initiative which would provide networking solutions for every room in a house, on 25 October, 2007.