New Business Opportunity

Timex to open 40 stores

After taking a gap of two years, watch maker Timex is planning to bring out television commercials and go aggressive with its marketing campaigns, besides looking at introducing a slew of products, including ‘Versace’ watches in India by early next year. As part of its strategy to achieve a 30 percent growth next year, the company plans to launch around 430 watch models, besides opening another 40 stores across the country.

Toonz plans more stores

Agro-chemical major, Crystal Phosphates Ltd, forayed into character merchandise sectorwith the launch of its international kids brand, under Toonz Retail

Samsung unveils first IT brand shop in Kolkata

Samsung Electronics opens its first dedicated IT Brand shop in Kolkata. One can check out the company’s latest IT products including Netbooks, Notebooks, Mobile Phones, Printers and Hi-end Monitors at the new IT Brand shop located at CR Avenue in Kolkata. The new brand shop in Kolkata represents the company’s endeavor to have a Pan- India presence with its exclusive IT Brand Shops. These exclusive IT showrooms represent a one stop shop where consumers can see and experience all Sumsung’s products in one location. Such flagship store is an opportunity where signage majors including in-store signage companies could embarks upon for a new business..

KFC hits century, planning for more stores

KFC announces the opening of its 100th store in India and the global chicken restaurant chain leader plans to grow aggressively in the Indian market, to touch 500 stores by 2015. The company had grown from 50 stores in 2009 to 100 stores today. In the pipeline is the plan to add 70 to 75 stores every year as the company has been expanding in the cities where it is already present and also entering new ones. The company is keen on entering new cities like Madurai, Salem, Hubli, Mysore in the south and Kanpur, Allahabad in the north. Really a good taste, this expansion plan for KFC will bring a new taste of signage business to the signage players engaging into in-store displays and others.

Lenovo enters Gujarat for new stores

After having teamed up with an Ahmedabad-based computer retailing company, Lenovo India, a multi-national computers maker, is now scouting for yet another partner to penetrate further into Tier-III-V towns in Gujarat. The company is in talks with Ahmedabad-based Aegis Infoware Pvt Ltd for rolling out 20 retail outlets under its exclusive retail outlet chain, ‘LES Lite’ (Lenovo Exclusive Store). Lenovo’s historic foray into Gujarat will mark a new milestone for signage companies dealing with in-store signage and others to embark upon a new business height.

Steel majors eye huge returns in retail

As the infrastructure sector gaining momentum on the back of an economic revival, steel majors are looking to cash in on the opportunity by revamping retail outlets in India. Companies such as Essar Steel, Ispat Industries and JSW Steel plan to ramp up their outlets and are eyeing at least 30-35 percent growth through retail sales in the next two years. Such expansion in the infrastructure sector would boost business of signage companies dealing with in-store displays and POPs across the country.

Nitesh Estates to foray into retail segment

Bangalore-headquartered real estate developer Nitesh Estates Ltd is planning to raise around Rs 150 crore in the near future to fund its retail project in the city. The company, which is planning to enter the retail space with the development of ‘Nitesh Mall’, has a plan to invest around Rs 325 crore in this retail project. They also plan to develop mall projects worth around $300 million in Chennai, Thiruvananthapuram and Kochi. For this Nitish Estates has tied up with Citigroup for the projects in the next 2-3 years. Now, big city malls are going to get erected around.  So is the reason why signage companies dealing with in-store displays could make themselves ready to grab the new opportunity.

Safal to open franchise outlets

Safal, the brand name of Mother Dairy Fruit and Vegetable Pvt Ltd, will expand through franchisee model and accordingly might set up outlets across India, depending upon the business proposals they receive. The company also plans to launch 100 more fruit and vegetable outlets in the next 12 months. Safal has 400 outlets across Delhi and NCR and 25 big format stores (1,500-2,000 sq ft) in Bangalore. The new expansion policy of the company eventually brings in a business opportunity to the signage companies, such as PSPs, fabricators, sign  suppliers and others engaging in retail sector.

Bata unveils largest store in NCR

As part of its revival plans, leading footwear major Bata India Limited opened its largest store in the national capital region with a floor area of 4,400 sq ft, at a cost of Rs 50 lakh. The company plans to open large stores which would have its flagship Bata brand as well as other brands like Power, Reebok and Hush Puppies. The revival of the largest footwear retailer would now depend on larger stores in tier-I and II cities, which in turn would bring in a new business opportunity to a number of signage players, particularly dealing with in-shop displays.

Mother Dairy opening 100 more fruit & veg outlets in NCR

Mother Dairy Fruit & Vegetables plans to open 100 additional stores in the national capital region (NCR) in the next one year. National Dairy Development Board subsidiary Mother Dairy Fruit & Vegetables plans to open 100 additional stores in the national capital region (NCR) in the next one year. The company has identified around 80-90 locations in the NCR where the company would be opening these outlets, most of which will be on franchise mode. The new Mother Dairy Fruit & Vegetables outlets would benefit the signage players who are dealing with the retail shop segment.

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