Titan eyes tier-III markets with small retail stores
Titan Industries, the largest manufacturer and retailer of watches, is planning to launch 20 new outlets of its new retail format—Titan One—across the country this fiscal. Through Titan One, Titan will focus on scaling up its presence in tier-III markets, where there is need and demand for retail stores. The outlets are pure watch stores to display collections like Titan Tycoon, Raga Flora, Titan Octane, Sonata Superfibre and Fastrack. Of course, the small Titan stores in the tier III markets will help in-store signage companies find big business.
Mirah Group, a major player in the food and beverages (F&B) segment in India, has acquired 'Rajdhani Thali', a famous Indian food-chain for an undisclosed amount. With this acquisition, the group also plans to launch a complete brand makeover of 'Rajdhani' by opening over 60 outlets pan-India by March 2013. The Mirah Group also outlined aggressive F&B growth plans for India at an investment of over Rs 100 crore in the next two-years. Now that all is well impressed for cutlery delights of the Rajdhani Thali, it is now turn for in-store signage companies to tap new taste of business in the new food outlets.
Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and US-based Walmart, opens its third wholesale store in Punjab taking the company's investment in the state to Rs 115 crore. Bharti Walmart opened its first cash & carry—Best Price Modern Wholesale—in Amritsar in May 2009, and added another outlet near Chandigarh this year. The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 6,000-7,000 people over the next three years. The new up-market store is new delight for signage companies engaging extensively in the in-store displays.
increasingly shifting the domestic retail market. With the increased of spending power, the sector is very lucrative destination for new business. Mandhana Industries is opening 10 exclusive flagship stores in metros and then it will take it to Tier II cities. Tirupur-based Royal Classic Group, which targets students and young professional with affordable brands such as Classic Polo and Smash, plans to open around 100 exclusive outlets by the end of 2011. With such swift change in the retail sector, new business opportunity is now on the way for in-store signage companies as well as other associated players like PSPs, fabricators, sign suppliers, etc.
Porsche, which launched its new five models—Cayenne, Cayenne S, Caynne Turbo, Cayenne Diesel and Cayenne S Hybrid—in the Indian market has already received bookings for all models. The company has already received bookings of at least 70 units. This model represents the perfect balance between elegant design and powerful driving dynamics. Currently, the company has two showrooms and plans to open five more sooner than later. The auto showroom will be an unmatched opportunity for in-store signage companies as well as PSPs, fabricators, sign makers, etc to tap a new business.
S Kumars Nationwide Limited, a leading textile and apparel company targets to achieve sales of Rs 500 crore in the next four years from its newly launched apparel brand World Player. The company is basically targeting youth in 18 to 35 years age group from semi urban and rural areas. With the new marketing strategy will boost the company go for pan-India launch of its brands at its new retail formats around West Bengal, Punjab,Haryana and Delhi. S Kumar currently has 12 distributors and 902 retailers in four southern states. The company will also set up over 8,000 point of sale outlets over the next few years across the country.