Indian Retail

Piramals to pay around Rs 600 crore to regain control of Crossroads

July 14, 2010 · Leave a Comment

The Piramal family will soon regain control of the mall in Central Mumbai that provided many in this sprawling megapolis their first experience of shopping outside the neighbourhood corner store. A real estate fund owned by Ajay Piramal will buy a majority stake in the company owning the mall, SoBo Central, from the Future Group of Kishore Biyani, the promoter of Pantaloon. Mr Piramal’s fund, Indiareit, is likely to pay around Rs 600 crore to buy the mall, known to most Mumbaikars as Crossroads. Four years ago, Mr Biyani had bought Crossroads from a group named after the late Ashok Piramal... [Read the full story]

Global Retail

Amazon enters online grocery market

July 7, 2010 · Leave a Comment

Amazon today launched a grocery division offering free delivery on thousands of household goods. The online retailer, which launched in the UK in 1998 as a bookseller, will offer 22,000 top grocery lines including Pampers, Ariel, Uncle Ben’s, Dolmio, Kraft, Schwartz, Kenco, Carte Noir, Walkers and Oreo, and leading pet food products Bakers and Purina One. As well as selling individual items the Amazon.co.uk Grocery store allows customers to save money by bulk-buying items such as nappies, washing powders, pasta, rice, herbs, cooking oils and spices. Goods on sale will also include a large... [Read the full story]

Buying

4 Steps to Reduce Costs for Your Dollar Store Business

January 23, 2010 · 1 Comment

Those who own a dollar store business are faced with ever-increasing merchandise costs. Yet, for most dollar stores there is a cap on the retail selling price. For these retailers rising costs can’t simply be passed on to their shoppers. Yet to remain successful these retails cannot stand by and assume the role of the victim. Their choices are to accept lower profit margins, change the entire format of their store, or to somehow hold, or even reduce the cost of good sold in their store. Successful retailers will face the merchandise cost challenge head-on and develop a strategy that works for... [Read the full story]

Merchandising

Lighting Plays an Important Role in a Retail Center

January 28, 2010 · Leave a Comment

The first thing a customers sees entering a retail setting is its lighting scheme. Think about it. If the lighting makes you uncomfortable, chances are you’re not going to stick around to spend money. For many retailers, the key is creating an atmosphere that welcomes shoppers and accents well-planned displays and floor plans. Greeting customers before any of your associates, lighting is one of the first impressions customers get from your company. It promotes a brand image, setting the tone for the overall shopper experience. Accents lighting can be used to point-out new arrivals or sales... [Read the full story]

Sales and Service

The Secret of Looking for Retail Commercial Office Space

February 1, 2010 · Leave a Comment

When you own and supervise your own Business, finding the perfect piece of commercial retail space for rent is necessary. Whether you are hunting for an office in Paris or a suite in Los Angeles, understanding your professional necessities will help you obtain the ideal space for retail space for rent. Key questions that you should ask yourself are - How much money can I allocate to allocate for retail space for rent? Would it be more sensible to find a suite for lease or a shop for rent? What extras are needed to manage my organization? There are favorable and unfavorable points to renting... [Read the full story]

Retail IT

What Options do you need to Consider when Buying a Restaurant Point of Sale

September 24, 2009 · Leave a Comment

Below are the options available in a POS system for your restaurant retail business POS Terminal: How many should I purchase? Peak customer volume – When handling peak customer volume, you need to have a plan to be able to sufficiently serve them all. Number of employees taking orders – One station per 3-5 servers would be sufficient in a table service environment. High volume areas such as bars and cashier stations may need to have a dedicated station for that purpose. When switching from a standard cash register to a POS system, many people unintentionally forget that their POS system... [Read the full story]

Indian Retail

Piramals to pay around Rs 600 crore to regain control of Crossroads

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Vishal Retail may become a shell company on Texas Pacific recast

Cash-strapped Vishal Retail may soon become a shell company if the restructuring package proposed by lenders is implemented. Texas Pacific Group (TPG), which has agreed to infuse Rs 500 crore, has put in a condition that Vishal Retail (VRL) will transfer all its fixed assets to a special purpose vehicle (SPV) that...

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RoC submits report on Subhiksha to Corporate Affairs Ministry

The Registrar of Companies (RoC) southern region on Friday said it has submitted its report on troubled retailer Subhiksha to the Ministry of Corporate Affairs. “Our report is already given (to MCA)…From our side, everything is over. There is nothing pending from us. Now, the ball is in Ministry’s...

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Gitanjali to add 300,000 sqft, enter China and Middle East

Gitanjali Gems Ltd, India’s biggest jewelry retailer, plans to open about 500 stores by the end of the financial year as it seeks to tap demand in the world’s biggest gold-buying nation. The company plans to add 300,000 square feet of retail space in the year through March 31, up from its current 1 million square...

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