Titan expands jewellery chain
Watch and jewellery maker Titan, which owns the Goldplus chain of jewellery is focusing on rural and tier II markets. The company decides to marry these two which would result in an ultra luxury product. Unveiling the three shortlisted designs of the company, Titan revealed they would ask the public to vote for the best design. Also in the new development is the company’s design on Nano car with the most popular design and show it around the country. Such new development in the company’s retail segment would bring a golden opportunity to the signage players, particularly the in-store signage companies.
India is the top international priority in the latest and ambitious expansion plan of British retail firm Marks and Spencer. While growing in the UK is the company's foremost priority, laying the foundations for future growth international is also a key ingredient of the up to 950 million pound capital expenditure plan. Marks and Spencer currently operates in India through its joint venture Marks and Spencer Reliance India PVt Ltd. The firm already had ambitious expansion plans in place, with a target of opening at least 50 new stores in India over the next five years. The company’s expansion plan across the country will deliver a new business opportunity to the in-store signage companies.
Titan Watches is going to add 100 stores in the next three years, taking the total number of Titan World retailing outlets to 400. The company is looking to set up the first fifty within the next two years. What the company is looking to do is to ensure that across the country, there is a Titan outlet available within a two to three km radius within which customers are staying. Such a wider coverage of Titan stores in every possible corner across the country will be an added business advantage to the in-store signage majors operating in the retail sector.
New Marks & Spencer boss Marc Bolland is set to unveil his blueprint for the retailer next week – with plans to devote much more shop space to selling homewares and ambitious plans to expand overseas, especially in India. The Dutchman, who was hired from Morrisons earlier this year on a £15m pay package, has opted for "evolution not revolution" according to a source. He is understood to have ruled out some of the more dramatic moves called for by some analysts, such as investing in a home delivery service for groceries and refocusing the store to pull in more younger customers. With the onset of its new venture into the Indian market will benefit the in-store signage players.
Bridgestone, the world’s no 1 Tyre & Rubber manufacturer, has announced the inauguration of its exclusive select showroom in Kolkata. The Select store boasts of an exclusive Bridgestone retail “Identity and Sales” in line with the global retail philosophy adopted successfully across the world. In addition, the store has unique customer friendly, smart and stylised interior, a wide product range and modern services. The new Bridgestone store will bridge a path to new business for in-store signage players in the city.
London’s AIM-listed Indian hotel and restaurant company India Hospitality Corp is the frontrunner to acquire the world’s largest noodle bar chain, Wagamama, for about Rs 1,800 crore. The deal, likely to close by the end of this month, will be funded through internal accruals, fresh capital to be raised through equity issue to the existing investors and leveraging the assets of Wagamama. The arrival global noodle chain would bring in a new set up to the Indian retail sector where in-store signage companies will get new business opportunity.