New Business Opportunity

Chinese computer maker Lenovo is eyeing 30 per cent growth by expanding its footprint in India by this fiscal. To that end, it will launch 400 Lenovo Exclusive Stores (LES)…

Multi-brand car servicing company, Mahindra First Choice Services plans to ramp-up its service outlets to 450 pan-India from the present nine in the next four years. The outlets will come-up on company-owned and franchise-basis. The first franchised outlet will come in Hyderabad soon. Mahindra First Choice Services is a 100 per cent subsidiary of Mahindra and Mahindra. It is a chain of multi-brand car workshops with a presence in key cities. Unveiling of the new service outlets is a new delight for the signage companies dealing with in-store signage and others engaged in providing print service and fabrication.

Brandhouse Oviesse, a joint venture between Brandhouse Retails and Italian fashion house Oviesse, announces that it will invest over Rs 150 crore to open 190 stores across the country in…

Spencer's Retail is planning to soon introduce UK kidswear brand Ladybird as part of the RPG Group hypermarket chain's plans to increase focus on apparel and other non-grocery products. Spencer’s, which already retails Ecko Unlimited and Ecko Red under Mark Ecko brand, plans to launch the Cut & Sow brand under the same brand by next fiscal. With the deliveries of new brands, the company plans to invest about Rs 30 crore this fiscal year to increase number of stores across brands in the existing locations and in new cities including Bangalore and Hyderabad. Signage companies in the in-store segment can prepare to tap a new business in the newly unveiled Spencer’s Retail.

Herbal health and personal care company Himalaya Drug is expanding its exclusive store footprint in Uttar Pradesh and Uttarakhand to showcase the complete range of its products. At present, the…

RPG Group company Spencer's Retail expects turnover from its specialty division to increase five folds in the next three years and touch Rs 500 crore. With that the contribution of the specialty division to the overall turnover of Spencer's Retail will increase to up to 25 per cent in the next three years from 10 per cent at present. As part of plans to achieve its target, the company will be investing about Rs 30 crore this year to increase number of stores across brands in the existing locations and entering new cities across India. A new shift of Spencer’s stores across the country will bring in a new opportunity in the in-store signage segment where PSPs, sign makers, fabricators can tap bran dnew business.

Retail major Future Value Retail India Ltd is looking at opening 60 more stores in all its three segments, in the next 18 months and taking the total number of…

India leading retailer Shopper's Stop announces addition of 40 new medium and large-format stores across India in the next four years that could entail an investment of over Rs 500 crore. This fiscal, the company will invest about Rs 180 crore for opening up to 12 departmental stores under the Shoppers Stop brand and four HyperCity hypermarkets. The retailer, which clocked a turnover of Rs 1,578 crore last fiscal, also said it expects sales to touch Rs 1,800 crore this financial year. Magnification of Shopper’s Stop stores across the country is an opportunity for signage companies like in-store media majors, PSPs, fabricators, sign suppliers and others.

OVS Industry, a leading Italian trendy apparel brand, in a joint venture with Brandhouse Retails Ltd, opens its first store in Chennai at Express Avenue Mall. Catering to men and…

Chennai-based Naru Exports has acquired a major share in Italy's CIAO World SRL, a garment retail company. Naru will be the 100 percent sourcing agent for CIAO till the end of December this year and from January 1, 2011, it will take over the operations of CIAO. CIAO has 100 retail outlets in Italy and Switzerland and has three garment labels. It sells textile products for men, women and children. It was sourcing its garment needs from Bangladesh, China, Sri Lanka, India and Indonesia so far. Naru Exports, owning garment facility in Tirupur, plans to have its retails outlets in India by 2012. The company’s next level move is for a tie-up with the Italian brand Irge. When the Italian companies mark inroads to the indian retail sector, signage companies engaging in in-store sector will find a new delight to tap a new business.

Panasonic Corp is starting selling of its home electronics and similar products made by subsidiary Sanyo Electric Co via another subsidiary's retail stores in India. The company would buy out…

Realty major Forum Projects is planning to embark upon an expansion drive adding 3.7 million square feet of retail space within the next three years, with a total investment of Rs 1,000 crore. The projects would be spread across the eastern region and encompassing Tier-II city like Bhubaneswar and Tier-III ones like Jamshedpur and Rourkela, along with Kolkata. Keeping in mind the retail market potential of the eastern region, the real estate major plans to extend its reach to over 2 million square feet of mixed-use development by 2012, and another 3.5 million thereafter. Now the signage players in the eastern Indian region will find pace to tap new business in the in-store/retail segments.