The fledgling modern retail is on a scorc- hing growth path, with everyday being a new beginning in this $10-billion industry. As the industry grows despite all hiccups, we at Pitch decided to take stock of the industry by conducting a survey to identify the top brands amongst the 50-odd brands in leading six categories,…
Consumer durables major Videocon Industries acquired PlanetM, the music and entertainment retail arm floated by the Times group for Rs 200 crore. The acquisition was done by Next, Videocon’s retail chain for consumer electronics and home appliances. Videocon chairman VN Dhoot said PlanetM, which has a huge brand equity, fits in well with the group’s…
Even as the government sat over the issue of FDI in modern retail trade—despite the government-constituted Icrier study gave a green signal for the same—forcing many a leading players such a Starbucks to dump their India plans, more and more international players such as Carrefour, Louis Vuitton and Marks & Spencer came in drove to…
The season of mergers and acquisitions in the Rs 35,000 crore modern retail sector, that is growing at a healthy 35 percent annually, is far from over with intense battle for buying up smaller players getting only more intense. However, the twist in the tale is that this time it’s not biggies pouncing on small…
The automobile major Mahi ndras have always been hailed for their uncanny knack of making any venture moving, whether it is tractor or real estate. And the $4.5- billion group that has interests in automobiles to real eastate to luxury holiday business, has decided to move on to the country’s red hot retail sector too….
After keeping the organised retail market on prolonged will-or-will-not suspense for nearly a year, it finally happened. The largest retailer in the globe, Wal-Mart finally entered the country piggyriding the domestic telecom giant Bharti group in August. But there is a big catch—the world’s largest company will be sailing into the desi shores with out…
Retail maverick Kishore Biyani stirred yet another ripple in the growing retail circles by broaching the idea of fair price outlets and announcing his IPO plans during the last year. But the after-effects of the ripples will appear only in the future, challenging his competitors. But rather, everybody will appreciate this trendsetter for what he…
Backlash in some States, consolidation in other states and spreading of wings into apparel, jewellery, footwear, pharma, electronics, food and groceries and vegetables, as also wholesale arenas made the last year hectic for the retail super power Reliance Retail which had unveiled a mega Rs 25,000-crore mega pan-India retail strategy that hinges on a farm-to-fork…
AD Club-AAAI row ends finally The biggest news broke out of Mumbai when it came to advertising in the year gone by was the Advertising Agencies Association of India (AAAI) and the Advertising Club Bombay’s decision to jointly present a creative award at the forthcoming GoaFest from next April onwards. The award would be called…
The year held out promises for the media fraternity as a whole. Every medium registered a growth in the past year and this upward swing was supported by new launches in the print domain. The Price water Coopers annual report also echoes the same sentiment of the industry. The study titled as ‘A Growth Story…
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