Shopper’s Stop likely to hit Delhi airport for new retail venture
Leading retail chain Shopper’s Stop has put its airport retailing plans to hit big spot like
Indira Gandhi International Airport, New Delhi. Since airport retailing has still not taken off in the country and may be in the next six months there might be a change. The new international Delhi airport may be Shopper’s Stop next big destination which could spur retailers to look at this model going forward. Shopper’s Stop has forged an equal joint venture with the Nuance Group for airport retailing almost two years ago. When Shopper’s Stop marks successful retail presence at Delhi airport, signage players engaging in in-store/retail segment will find a new business to embrace.
Essar Oil is planning to fast track the launch of its fuel retail outlets, so that the company can touch the 1,750 figure by March 2011. Following the Centre’s decision to deregulate the price of petrol, it will also be able to sell fuel at the same price as government-owned marketing companies. At present, Essar Oil has 1,342 outlets. Unveiling of the company’s new retail outlets will fuel signage companies that include PSPs, fabricators, etc to start new business in the oil sector.
Chinese leading apparel retailer Yishion has formed a joint venture with a local distribution firm to launch its line of clothing in India, targeting a presence in more than 100 outlets in two years. The new venture will launch its range of menswear and womenwear initially and expand portfolio to include kidswear, footwear and accessories by next year. Yishion plans to import the products from its manufacturing plant in China and will target the mid to premium price segment. The US$12-billion company owns the majority stake in the joint venture firm Hongluan Trade with Delhi-based marketing and distribution firm Upmarket Group. Foray of the Chinese company into the Indian retail segment is a new business opportunity for in-store signage companies.
Croma, Tata Group’s electronic and durables chain, seems to be making up for lost time. The retail chain, which opened just 50 stores in the last four years, is launching three stores every month in the current financial year. There is a reason for Croma’s newfound enthusiasm as the margin in durables retail is wafer-thin and hence scale is the single-most important thing. Scaling up of the high-end Croma stores is a strategic development that would bring in a new business opportunity for in-store signage companies as well as others in the sector, such as PSPs, sign fabricators, etc.
Future Group-owned Indus-League Clothing is diversifying from a western branded apparel company to a speciality retailer. By bundling together a cross section of its in-house brands, Indus-League Clothing intends to make bigger strides in the formal menswear segment with a retail format called Headquarters. Headquarters, which will be positioned as a retail offering that spans the interview shirt to boardroom wear, include Daniel Hechter, techno-formals brand Urbana and Indigo Nation. Headquarters was piloted in Kolkata in December last. It is being expanded to 6-8 outlets of 2,000- 3, 000 sq ft this year across New Delhi, Bangalore, Nagpur, Nagpur and Hyderabad. The new retail format of the high-end clothing brand will unfold a new business opportunity to a number of signage players, particularly: in-store signage companies, PSPs, sign suppliers and others.
opening new stores. The new stores will come up at Kondapur and Sainikpuri, Miyapur, owenpally, Kukatpally, Banjara Hills, AS Rao Nagar, LB Nagar and Dilsukhnagar. In the next few months, the company will also open two new stores in Karnataka and one in Chennai, and eight more stores in Karnataka, Tamil Nadu, Andhra Pradesh and Goa. The firm aims to achieve a turnover of Rs 1,000 crore and set up 125 outlets. Adishwar’s mega expansion plan tunes in a new opportunity to signage players like in-store media companies, PSP’s, sign suppliers, etc.
Yamaha Motor, the world’s second-biggest motorcycle maker, plans to double its sales outlets in India in the next five years to tap demands in villages. The company plans to increase showrooms to 2,000, mostly in small towns and rural hubs. Around 10 percent of people living in villages in India own a motorcycle, compared with the national average of 18 percent. The company is refurbishing some of the existing outlets in small towns and rural hubs, and adding new ones called Yamaha Bike Corners, organising free motorcycle service camps and test rides. The new Yamaha outlets in villages would offer an opportunity to the in-store signage companies to unwrap business across the new region.
Bharti Retail, owners of Easy Day stores, is on an expansion spree after mostly restricting its presence to Punjab for almost three years, amid reports that the country may finally allow foreign investment in multi-brand retail. The retail arm of Bharti Enterprises, which has a joint venture with world’s largest retailer Wal-Mart in the cash-and-carry wholesale segment, plans to more than double its number of stores this year. The company plans to have 125 Easy Day supermarkets and 13 Easy Day Market hypermarts by the scheduled time. Bhrati Retail currently operates 60 Easy Day stores across Punjab, Rajasthan, Haryana, Delhi and Uttar Pradesh and six Easy Day Market stores across Punjab, Rajasthan and Uttar Pradesh. Now the mega expansion of Bharti Retail is an unmatched prospect for in-store signage companies to harvest new business.
Shree Ganesh Jewelley House, manufacturers and exporters of handcrafted gold jewelleries in India, has launched its exclusive store – Gaja Heritage in Kolkata located at 227 A.J.C Bose Rd Inaugurated by Ms Mandira Bedi. House Ltd, the largest manufacturers and exporters of handcrafted gold jewellery in India has launched their exclusive store Gaja Heritage in at AJC Bose Road, Kolkata. Inaugurated by Mandira Bedi, the store flaunts its rich collection of handcrafted heritage jewellery. The store specializes in filigree and polki work and aiming to capture the high-end market. It is the first store for classic heritage jewellery in Kolkata, one-of-its-kind under an organised brand. Gaza Heritage is indeed a new hot spot for the in-store signage companies and others like PSPs, sign fabricators to tap a new business.
Leading watchmaker Titan Industries Limited announces to invest about Rs 100 crore for opening 50 premium watch outlets Helios in India in the next five years to attain a sales target of Rs 400 crore. Helios houses 34 fashion and premium global watch brands including Emporio Armani, Burberry, FCUK, Movadao, Fossil, Guess, Casio, Seiko, Titan, etc. In the first phase, the company will open 15 stores in top 10 cities within a year in line with its plans to have pan-India presence. The cities in which the companies will embark upon include Mumbai, Delhi, Hyderabad, Kolkata, Chennai, Pune, Ahmedabad etc in next 12 months. Helios stores will be a new business opportunity for the signage players like in-store media companies, PSPs, fabricators, sign suppliers and others..