New Business Opportunity

The year seems to be action-packed for the retail industry. Not only on growth side, but also on the policy side. After reconsidering its stand on foreign investment in multi-brand…

Cash-plush has asked property owners to take part in the ambitious growth plan for its retail venture by renting or selling real estate space across the country. The company has invited applications from property owners as it wants commercial space between 3,000 and 30,000 sq ft and above for Reliance Retail. This is part of the company’s plans to expand its retail venture tenfold in the next five years. Reliance Retail operates nearly 1,150 stores in 86 cities across 14 states. What it would bring alongside the retail expansion of Reliance Industries include new business opportunity to the signage sector, benefiting in-store signage companies, PSPs, sign suppliers, etc.

By the end of this year, Moser Baer plans to double the number of its Ultra Life showrooms, which exclusively sell the company’s products. The company had established the first…

With the launch of new 70,000-sq ft family store format Big Bazaar at Express Avenue in Chennai, the Future Group is planning to invest Rs 600 crore over 18 months to open 60-odd Big Bazaar stores with a floor space between 40,000 sq ft and 60,000 sq ft. To manage the high volume of footfalls, big-format outlets like the family store at Chennai with 26 cash counters with touch screens and multiple scanners had been installed. The company also sees completion of the merger of the subsidiary company, Home Solutions Retail India Ltd (HSRIL) that administers the consumer retail electronics chain stores, e-zone. Big Bazaar’s big expansion venture will be an unmatched business opportunity for the signage sector, offering newer opportunity to in-store signage players.

Globus Stores Private Ltd, one of the leading apparel chains promoted by Rajan Raheja Group, is adding five new stores to the existing 25 across the country. The company, which…

Mumbai-based Veeline Jewellry and Watches Private Limited, the sole distributor of Milleret’s premium jewellery Swiss watches, is planning to expand its Milleret outlets to 70, from the present 37, primarily in Tier-II cities in Maharasthra, Punjab and in other parts of north India by March 2011. Currently, the company is targeting to sell about 1,100 units this year and will invest Rs 10-20 lakh in each of the proposed outlets. As of today, seven collections of Milleret watches with 120 variations are available in the Indian market. Expansion of Milleret’s premium outlets in major western and northern Indian cities will be a golden business opportunity for signage companies like in-store signage players, PSPs, sign fabricators and others.

Rickety stores of National Textile Corporation (NTC) will reshape into swanky retail shops with the help of British home decor major Rosebys. The state-owned stores, mostly in prime locations in…

Dubai-based Landmark Group is planning to expand its Lifestyle stores and supermarkets over the next three years. The company would increase the presence of Lifestyle stores from the present 21 to 40 over the next three years. This year, the company is planning to open seven more stores taking the total to 28. And from next year there will be some more stores and by 2013 there should be 40 Lifestyle stores. Such big expansion plan of this big retail conglomerate is a green signal to the signage sector where in-store signage companies, PSPs, signage fabricators would fine opportunity to unfold new business in the high-end Lifestyle stores.

Chandigarh-based Surya Pharmaceutical Limited plans to have 300 Viva stores, a pharmaceutical retail chain by Surya, by end of this fiscal. The company recently innuagurated 15th Viva stores in three north Indian…

Leading mobile phone manufacturer LG Electronics announces that they will open 100 exclusive mobile handset stores across India. Eyeing  a market share of 10 percent by 2010-end in a projected 10 crore mobile handset market this year, the company has set a target to double its retail distribution network from 20,000 dealers to 40,000 across the country. The South Korean firm has earmarked a budget of Rs 290 crore for marketing activities, including investments made for improving visibility. The robust retail expansion of the global electronics giant is a new business opportunity to every in-store signage company in the country.

Olympus Imaging Corporation launches its new store ‘Olympus Zone’ in Pune that offers the most compelling and comprehensive range of digital cameras, film cameras, voice recorders and a host of…

Breguet of Swatch Group is looking at a 50 per cent sales growth in India this year. The company announces that an aggressive marketing has been carrying out across the subcontinent since 2007 and already India features among our top 10 countries in terms of sales. Breguet is aiming to open an exclusive boutique for its watches in the country soon. Currently, Breguet has appointed six retailers in India, including Kolkata, to sell its products. Such expansion plan of the world’s leading watch company will be an unbeatable delight for new business opportunity for in-store signage companies.