New Business Opportunity

Latent plans three more NowGadget stores

Latent Images Private Limited, which currently operates five ‘IIIrd i’ digital camera retail stores in Hyderabad, is planning to open three more gadget retail concept stores under the ‘NowGadget’ brand. The new stores will be unveiled in three cities—one each in Chennai, Bangalore and Kochi—in the next six months. No doubt, such high-end stores will offer an unmatched opportunity to every signage supplier as well as in-store media company in the region.

ITC to unveil Choupal Sagaars hypermarkets

Kolkata-based conglomerate ITC Ltd plans to launch its rural hypermarkets, known as Choupal Saagars, in a smaller format as it seeks to boost its presence in the remote towns. The company already has 24 hypermarkets, each spread across 10,000 sq ft, offering multiple products and services, ranging from clothing and electronics to soil testing, under one roof. Now, the company plans to set up stores just half the size of the existing ones and this is also a delivery of an unmatched opportunity for the signage players to explore new landscape in the Indian retail segment.

Mochi plans 22 new stores by March 2012

As part of its expansion plan, Mochi-branded retail chain of footwear stores, is aiming to open 22 new stores across India by March 2012. The company just opened its first store in Nashik. With this new store, Mochi now has 28 stores in 18 major cities across the country, including nine in Maharashtra (six stores in Mumba, and two in Pune and the recent one in Nashik). Mochi caters to a young, cosmopolitan crowd, offering fusion wear along with some legendary classics for the season. This cozy Gen X shopping den is the right spot to strike for in-store media companies and signage suppliers.

RPG opens flagship cafe in Bangalore

The retail business of RPG group, which runs supermarkets under the Spencer brand, has launched its first flagship café at

Gitanjali Gems unit to add 40 multi-format stores

Gitanjali Lifestyle, a unit of Gitanjali Gems, is going to add 40 multi-format stores under its ‘Maya’ brand in the next three years and expects revenue of 10 billion rupees from multi-format stores. The company would spend 700-800 million rupees annually for retail expansion under the ‘Maya’ brand. The multi-format stores acquired by Gitanjali Lifestyle after it took a 76 percent stake in apparel firm Salasar Ltd will be a new landscape to explore for signage players, such as in-store media companies

Koutons opening 100 new stores

Retail apparel firm Koutons India plans to open 100 new stores and expects revenue to grow by 35 per cent

JK Lifestore in expansion mode

JK Lifestore under JK Masale Group recently introduced its second outlet in West Bengal at Howrah, Kolkata—the first being in Phoolbagaan area in the city. The next store will be at Ballygunge area and the comany is planning to further expand more in the city, a total of eight to 10 stores in next three years, and spent an estimated Rs 6 crore on the proposed expansion. The new high-end JK Lifestore will be an opportunity for in-store media companies

Marks & Spencer to scale up India operations

Marks & Spencer, the company present in India through a JV with Reliance Retail, is also looking at increasing its product range in the country. The company has 14 stores across seven cities in India and further plans to open at least 50 new stores over the next few years. The company believes that India offers significant expansion opportunities and the potential is huge with a wider range of products, bigger M&S stores and a better brand experience overall.

Spain's Zara rolling out 5 outlets next year

Spain’s Inditex, Europe’s largest clothing retailer, is foraying into the Indian market by rolling out first five branches of its flagship Zara brand next year. Starting in New Delhi early in the year 2010 followed by Mumbai and then other cities, Zara’s new stores over the next few years will be hitting the Indian market in a big way. Industry experts believe that the move will lend a big business opportunity to in-store media companies

Shri Kannan on expansion mode

Coimbatore-based Shri Kannan Departmental Stores is expanding its network in the Kongu region. It also plans to enter Chennai after

Spain's Zara to walk into India

Spain’s Inditex, Europe’s largest clothing retailer, is foraying into the Indian market by rolling out first five branches of its

Bharti Retail entering ino new zone

Bharti Retail is looking to enter a new zone by 2010 end, which could either be the western or southern part of the country. Currently, the retail giant’s operations are concentrated only in northern India through its 70 Easyday neighbourhood retail stores and Easyday Market compact hypermarkets and a single cash-and-carry store through its joint venture with Wal-Mart. Bharti Retail has drawn up a 10-year roadmap till 2017, by when it plans to invest $2 billion across its formats, for which it will need to raise funds. Such new expansion move of the retail giant will open a new window to the country’s signage sector,

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