Friday, October 8, 2010
Indian Retail's Catch 22 -pushing up real estate prices
Enough retail space in India and yet the real estate prices are shooting up. And then the prohibitive real estate makes the margin pressed industry squeeze margins further - not good for the customer. (http://tinyurl.com/2eby7sz)
Friday, September 17, 2010
Models for Retail - Strategy and Execution
I had designed a partnering model with Rajeev while I was at Milagrow with the objective of consulting with Small and Medium sized retailers - mostly for projects involving scaling up their businesses.
http://www.milagrow.in/b-solutions/industry-specific-practices/milagrow-retail-practice
However, on a new look I am trying to reexamine and figure if more value can be added to a retail business by tweaking this model somehow. So, this is work in progress, come back for more.
http://www.milagrow.in/b-solutions/industry-specific-practices/milagrow-retail-practice
However, on a new look I am trying to reexamine and figure if more value can be added to a retail business by tweaking this model somehow. So, this is work in progress, come back for more.
Monday, August 16, 2010
India Challenges The Best !
Credit and Home Delivery - something that Walmart does only in India. There would be many other similar services, am trying to think of some..... In any case, the challenges that India poses have befuddled the very best. Read on.....http://www.business-standard.com/india/news/it-happens-only-in-india/404665/
Wednesday, April 14, 2010
Bharti Walmart
Scott Price, CEO, Walmart Asia is in India. His interview in the Economic Times today's was reticent, and yet full of hope. I am tempted to believe him, see if you are...
http://economictimes.indiatimes.com/opinion/interviews/India-can-be-the-worlds-food-basket-Scott-Price-CEO-Wal-Mart-Asia/articleshow/5799274.cms
http://economictimes.indiatimes.com/opinion/interviews/India-can-be-the-worlds-food-basket-Scott-Price-CEO-Wal-Mart-Asia/articleshow/5799274.cms
Monday, April 5, 2010
Category Killers (Spurt in Sports)
We are seeing a spurt in category killers in India now. I believe that next year when I teach retail fundamentals at B Schools, I wouldn't have to say that the category killer format isn't really pervasive in India.
At the moment, in the sports category there is action in Bangalore. So there is SPORTXS ( Forum Mall, Whitefield, Bangalore) and Decathlon (Sarjapura, Bangalore). Both worth a watch.
At the moment, in the sports category there is action in Bangalore. So there is SPORTXS ( Forum Mall, Whitefield, Bangalore) and Decathlon (Sarjapura, Bangalore). Both worth a watch.
Thursday, April 1, 2010
Profitable Expansion It Is !
A new year has dawned.....or so it seems. I, of course, have woken up from my slumber as far the blog is concerned. Have been active in retail, but haven't got down to writing in sometime. So the new year (ok, so it is the 'financial year'....well 'new' anyway)
Today, I hear reverberation of store on store profitability from two major retailers in India.
So Aditya Birla group says, any store that is not making money by the next fiscal would be shut down.
(http://economictimes.indiatimes.com/articleshow/5748697.cms)
And ITC Lifestyle is looking at expansion in tier 2 and 3 cities and profitable expansion at that!
(http://www.thehindubusinessline.com/catalyst/2010/04/01/stories/2010040150080300.htm)
There is a difference also....while Aditya Birla is shutting down stores in tier 2 cities, ITC is looking at expanding there. The former believes that deep discounting has happened in the smaller cities and these markets are becoming difficult for the retailers (read 'organised retailers').
Just today, had a discussion in office about the tremendous non-mall and non-modern format retail opportunity in India. All suppliers/ vendors listening?
Today, I hear reverberation of store on store profitability from two major retailers in India.
So Aditya Birla group says, any store that is not making money by the next fiscal would be shut down.
(http://economictimes.indiatimes.com/articleshow/5748697.cms)
And ITC Lifestyle is looking at expansion in tier 2 and 3 cities and profitable expansion at that!
(http://www.thehindubusinessline.com/catalyst/2010/04/01/stories/2010040150080300.htm)
There is a difference also....while Aditya Birla is shutting down stores in tier 2 cities, ITC is looking at expanding there. The former believes that deep discounting has happened in the smaller cities and these markets are becoming difficult for the retailers (read 'organised retailers').
Just today, had a discussion in office about the tremendous non-mall and non-modern format retail opportunity in India. All suppliers/ vendors listening?
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