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Showing posts from November, 2008

LATEST RETAIL BUZZ !

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Esprit to expand to 21 cities in three years - Economic Times Plethico buys 20% in CIS pharma co - Economic Times Premium luxury brands affected - Economic Times No need to worry about the outsourcing industry - Economic Times A shade better: Fashion eyewear - Economic Times Over 400 brands may check in at Delhi's new airport - Economic Times Global luxury brands feel realty heat - Economic Times 'Organised retail will help develop domestic market' - Financial Express India ranks 31st on the list of top 50 most expensive global ... - Financial... India: Slump may delay Carrefour's India retail plan by one year - FreshPlaza Realty developers may go for revenue sharing model - Hindu Reliance to reopen petrol pumps soon - Hindu Delhi airport to invite bids for retail space - Hindu Look no further !

Pink slip Shopping

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.. considering the alround gloom in the environment , which the blog feels is primarily driven by the stock market crash ,maybe due to the fact that its ( indices ) the only indicator that you see reported daily ! god only knows where has the Indian growth story of 8% to 9 % gone suddenly , anyways coming back to the retail scene , the premium retailers are having a harrowing time for sure , with the fall in the traffic ,obviously with the rate of pink slips going up everywhere the last thing on ones mind would be Shopping , that too premium stuff .So with sell outs under pressure , sell ins is bound to be lesser so its going to bea tangle of inventory and payments between the retailers and suppliers .Retailers like others must be praying that time change for good soon . But if there is a retailer format that would be enjoying the time then that would be the value retailers plus the essential item format ( of course one cant live without food and essentials ) so you walk in to a big ba