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Showing posts from August, 2008

Walk ins !

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In the retail business the lifeline continues to be walk ins to offset the high Cost of retail( COR ) , in which retail rent forms a big chunk ,add to it the operating expenses which are quite high ,COR might otherwise gobble your business ,driving Walkins into your store/s have seen over the years great degree of uniqueness , which tend to go beyond the basic " upto 50% discount " sale scream mode , here are some of the routes/ideas Indian retailers have used to get their customers in .. Database ::Knowing your customer and creating a database of your customer would typically mean that you need to run a couple of crores worth Loyalty program ,If you have spent the time & money in doing so then this should hold you in good stead ,the best example of a retailer using this medium is that of Shoppers Stop , which uses its Loyalty program ,First Citizen,to great degree off effect , everyone knows its now famous one day advancement of off sales for its golden glow customer

Retail & Telecom : How Similiar !

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..here's something not many of us would have realised ,or may have realised ,anyways its interesting to note there are a lot of similarities between Telecom and Retail Business , wondering what is that , here is the connexion ... Traffic & Walkins :Telecom business depends upon something termed as Traffic ,which basically gives the usage of the consumers on your network , usually measured in terms of Minutes of usages ( Mou's ) , the same traffic is measured as Walk ins ,in retail ,which is nothing but the number of customers that have walked in your store in a particular measurement period .Both traffic and walkins are lifelines for the respective businesses. ARPU & CMS : In Telecom the average revenue that a sub on your network has generated in a month is termed as ARPU ( Average Revenue per user ) , gives a good picture of the the quality of your subscribers ,base obviously higher arpus are better , so how does it happen ..in Retail well this gets measured in te

Indian Retail Buzz

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Generating consumer demand is key to India's growth - Economic Times Reliance Retail ties up with UK's Wincanton for back-end biz - Economic Times Retail therapy: Designing the space- Retailing-Services-News By ... HyperCity Retail CEO Levermore resigns- Corporate Announcement ... Retail industry going slow on recruitments- Jobs-News By Industry ... 'Retail is the key economic engine of growth in India'- Economy ... Fortis Healthworld to acquire CRS Health - Financial Express Gold plunges by Rs 550 to Rs 11300 per 10 gram - Financial Express Tesco enters retail with cash & carry - Financial Express Tesco's move into India receives warm reception - FreshPlaza Fresh Produce India - Online Registrations Now Open - FreshPlaza Woolies has eyes on India - FreshPlaza India: Inflation, truant rains take toll on vegetable prices - FreshPlaza Tesco enters Indian retail with Tata Trent - Times... ...............read about the latest here , look no further !

Indian Retail Directory

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The One & only Indian retail Directory ! With regular updates LOOK NO FURTHER ! Department stores plus other categories :: http://www.pantaloon.com/ http://www.shoppersstop.com/ http://www.lifestylestores.com/ http://www.globus.in/ http://www.cafecoffeeday.com/ http://www.mywestside.com/ http://www.bombaydyeing.com/ http://www.primusretail.com/ http://www.piraymd.com/ http://www.mydollarstoreindia.com/ http://www.kewalkiran.com/ http://www.heritagefoods.co.in/ http://www.vishalmegamart.net/ http://www.emartindia.net/ Indian retail Information & services ::links http://www.retailyatra.com/ h ttp://www.indiaretailservices.com/ http://www.eindiaretail.blogspot.com/ http://www.rvgonline.com/ http://www.indianretailobservor.com/ http://www.indianretailangle.com/ Malls Directory of India http://www.megamalls.in/ Indian/MNC Apparel Brands http://www.levis.com/ http://www.maduragarments.com/ http://www.arvindmills.com/ h ttp://www.dinesh.com/ http://www.indigonation.c

Eyewear retailing ...Future is Bright !

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Like other categories that have found good deal of favour among customers over the traditional neighbourhood /city specific stores , India is also on the verge of seeing a BIG shift in the way we shop around for eye wear both in the prescription and the fashion segment . Why the rush ? Margins ! Markups on frames and lenses can be as high as 250 percent, the potential for profits is enormous. Demographics make it right for Fashion & Prescription : The potential for growth is also big due the fact of the Indian demographics mix , which is skewed to youth currently ( good for fashion eye wear ) would have a size able chunk of them hit the middle age say in 10 years ( good for prescription eye wear ) ,which makes them ripe for glasses . Fashion Accessories : Like Mobiles ,watches and jewellery , glasses have also become fashionable. Many people would soon have several pairs to go with different outfits. Penetration : A size able number of Indians are in the need of correction ,don'