ORRA Diamonds plans retail expansion plan
Popular diamond retail chain ORRA Diamonds has drawn up a Rs 75-crore plan for retail expansion over the next three years. The company already has 29 stores in 19 cities across the country and is adding four new stores in Baroda, Lucknow, Jallandhar and Amritsar this year. What ORRA Diamonds is moving ahead is with a vision to set another 16 new stores in the scheduled period. Now is the time for signage players like in-store sign companies to get set on their marks for the D-day to hit the glitter zones.
, the promoters of Q-Mart lifestyle super market, signed an agreement with CFW International Inc (Curves India) to set up 18 Curves centres in Andhra Pradesh. CFW International is the master licensee of Curves brand of fitness centres for women in India. The centre offers fitness, strength training and weight loss guidance. While 15 centres would come up in Hyderabad, one each has been planned in Visakhapatnam, Vijayawada and Tirupati. Not only for the fitness aficionados, the new curve centers will carve a new business opportunity for signage players too.
Discount store chain The Loot announces its process of raising Rs 100 crore to boost its growth. The company, which recently forayed into the shop-in-shop format, plans to open 10 more such stores this quarter and is talking to players like Reliance Retail, Aditya Birla and Future Group among others for this. Out of the 10 stores, five would come up in Mumbai. Currently, The Loot has 150 odd stores pan-India and over the next six months, the company plans to open 40 more standalone stores taking their total number to 200, including the ones in shop-in-shop format. Now, signage players like in-store media companies, sign makers and print providers can get set to loot a new business opportunities in the new stores.
Cocoberry, India’s first premium frozen yogurt chain, is eyeing 50 retail outlets across India by the end of fiscal 2010-11. The company, which at present has around 11 operational outlets in Dehi NCR and Mumbai, plans to expand its reach in other cities like Chandigarh, Bangalore, Jaipur, Jalandhar, Amritsar, Ludhiana, Pune, Chennai, Kolkata etc in the next one year. New stores are likely to be launched in Jaipur and Bangalore within the first quarter of next fiscal and about two-three outlets are in the pipeline for launch in Chandigarh. Now the mushrooming of Cocoberry retail outlets in big cities across India is a new business punch for in-store media companies, print providers and fabricators in the signage sector.
MMTC Limited, a public sector enterprise and the leading bullion trading company of India, plans to increase its footprint in the retail market. The company envisages to open 100 outlets, including company owned as well as joint venture and stockists in the near future. The brand had been getting huge response from retail buyers in the exhibitions organised at various centers over the years. The company under Shuddhi (a JV of Gitanjali and MMTC) planned to open 63 outlets and out of these about 25 should be opened in Delhi. The silver lining in the new expansion move of MMTC is that signage players like in-store media companies, sign suppliers, etc could find a new opportunity in the new jewellery outlets.
UK-based toy retailer Hamleys plans to open 20 toy stores across India in the next seven years. The overseas company has tie-up with Reliance Retail and the JV will invest Rs 150 crore for the new stores. The company has unveiled its first store in Mumbai. Such new move accelerates organised toy market in the country and it has been estimated at Rs 1,500 crore poising for a healthy growth. Hamleys stores will be every kid’s delight, but more in concern for a new opportunity with the opening of the up-market toy stores will be for the signage industry too. In-store media companies, sign suppliers and others can earmark their business at a new level.
14 are already operational and the remaining will be opened by the end of this fiscal. The company currently has around 127 screens and invested Rs 14 crore in the new seven-screen multiplex, which has a seating capacity of 1,850. South India is an important market for the company, for which it has been planning to invest around Rs 50 crore in the next 18 months in the south. Of course, the expansion of PVR multiplexes will shower new business opportunities to signage comanies such as, fabricators, printers and others.
UK-based The Body Shop has announced that it would ramp up its presence in India by over four-fold in the next three years to tap the subcontinent’s market. The global skin care solutions company, which sells products such as facewash, body lotions, lipstick and many others, had already cut the prices of over 200 products in the last 12 months. India is considered to be the pillar for the company’s future in coming years as the country has potential to continue its growth. The increase of The Body Shop retail outlets in India is indeed a golden chance for signage companies in which in-store media majors as well as sign suppliers across the country could find a new room to exploit.
After a phase of consolidation, Micky Jagtiani-owned Max Hypermarkets, which operate Spar-branded superstores, to expand presence to new geographies and open 25 hypermarkets by 2012. This will result in a 10-fold increase in the company’s retail space—from 120,000 sq ft currently to 1.2 million sq ft. The company, currently, operates three large-format stores—two in Bangalore and one in Hyderabad—and is set to open its flagship property, a 90,000 sq ft store, in Bangalore soon. Such introduction of new Max Hypermarkets in major cities is an unmatched opportunity for signage companies like in-store media majors, sign suppliers and print providers.
d name Giovani was launched in the year 2001 by Dhir Group. Now, Giovani retails its merchandise from New Delhi, Noida, Gurgaon, Mumbai, Kolkata, Bangalore, Jaipur, Ludhiana, Ahmadabad and Faridabad. Dhir Group is a leading manufacturer and exporter of high fashion men’s and women’s apparels to some of the bestowed brands in the world. The brand retails from nearing 200 multi-branded stores and has 11 exclusive stores of its own with each being around 2000 sq ft. The increase of Giovani stores around major cities and towns across the country has signaled a new prospect in the signage industry where in-store signage companies could boost their business.
Zoomin, an online digital photo printing company, is planning to open 25 retail stores across India by the end of 2010. The venture-funded company will also partner with Crossword Bookstores for six shop-in-shops across five metros soon. To begin with, the company will open eight retail stores by the end of this fiscal. The company has one standalone Zoomin Photo Studio, a franchise owned store, in Mumbai which opened recently. And it has been planning to open six shop-in-shops across five metros. Also aimed is the opening of 25 ZoomIn Stores by the end of this year. The company will open its photo studios at Crossword in Ahmedabad, Bangalore, Mumbai, Kolkata and Pune. The new Zoomin stores will provide a new opportunity to in-store signage media companies across the country.