New Business Opportunity

Suvidhaa Infoserve to open 1,000-1,200 outlets

Retail chain Suvidhaa Infoserve has announced it plans to open 1,000-1,200 new outlets every month across the country and eyeing one-lakh strong networks in the next two-three years. As of now, this Mumbai-based retail firm has 18,000 convenient neighbourhood stores called 'Suvidhaa Point' across the country in more than 20 states and over 400 cities. The company's further expansion plan will be an golden opportunity for the signage companies where in-store media majors and signage suppliers can embark upon new areas to exploit.

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Bharti Retail takes store tally to 59 in North India

In its first phase of operations, Bharti Retail has strengthened its position in north India by opening 59 stores in Punjab, Haryana, Rajasthan, Uttar Pradesh and New Delhi, called Easy Day stores. In addition, the comany has also launched three compact hyper stores called Easy Day Market in Punjab. In the next five years, it is planned to offer approximately 10 million square feet of retail experience across all cities in India. This will be a big opportunity for the signage industry where in-store media companies and signage supplies can embark upon the new landscape.

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Mahindra to set up outlets in rural areas

Mahindra First Choice, an arm of Mahindra and Mahindra Group (M&M) which sells used cars, announced it would set up sales and service outlets in rural areas across India to sell one lakh vehicles by 2015. In 2008-09, the company sold 10,255 vehicles. Around 20 percent of their business come from the C segment in Tier-II and III cities, while 80 percent of the revenues come from metros and state capitals. The company aims to tap rural market through its expansion plans and this new drive of the company will offer outdoor media companies a chance to hit upon the rural parameter.

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Alok H&A to have 1000 stores

Textiles major, Alok Industries, will dilute a 33 percent stake in its subsidiary Alok H&A in return for a Rs 45 crore infusion from Asiabridge Fund 1 LLC. The entire funding as well as the transfer of stake will occur over a period of two years. Alok H&A, currently a 100 percent subsidiary of Alok Industries, is a leading Cash & Carry player in the home textiles, garments and accessories segments. The mega expansion of Alok H&A will be a big opportunity for in-store media companies and signage suppliers in the signage sector.

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Fastrack plans for 50 stores

Fastrack, a fashion accessories brand from Titan Industries Ltd, is mulling to take the number of its exclusive stores to 50 across in India by April 2010. Most of the outlets would be operated on franchisee model with an investment of Rs 40-50 lakh and a floor space of 400-500 sq ft. The brand, whose mainstay is watches and sunglasses, forayed into accessories like belts, hats and bags this year and the new store expansion plan is undoubtedly a sunshine opportunity for signage players like in-store media companies as well as signage suppliers.

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