Wednesday, January 31, 2007
...investors were more interested in a progress report on the much-anticipated search advertising system, known as Project Panama. Yahoo didn't disappoint. After shocking Wall Street in July with a three-month delay,
Chief Executive Terry Semel on Tuesday said Yahoo would begin ranking all search-related ads using the Panama technology Feb. 5, a few weeks earlier than
The new system promises to deliver more targeted ads with search results, an area in which Google's technology holds a big edge. That's significant because advertisers don't pay unless their ads get clicked on. Yahoo expects Panama to begin boosting its profit in the second quarter.
Sunnyvale, Calif.-based Yahoo has undergone growing pains recently, including a major shuffle of top executives in December, as it tries to keep pace with Google and fight off Web upstarts such as MySpace.
Tuesday, January 30, 2007
This new demand has led to the emergence of non-CBD areas like Koramangala, Indiranagar, Malleswaram and Jayanagar as potential locations for such stores. It is in these areas that new development and fresh construction are taking place.
Such developments are happening despite the commissioning of four malls, Forum, Garuda, Sigma and Prestige Eva, totalling one million square feet of retail space.
All these have come up in and around the traditional prime shopping areas like Commercial Street, Brigade Road and M G Road.
While Reliance has already made its first moves in tapping the potential and is said to be in early-stage talks with some leading MFIs based in Andhra Pradesh, rival Bharti has also shown interest in exploring the MFI route for supporting the retail supply chain, contract farming operations and dairy sourcing.
The Mukesh Ambani-promoted company spent close to Rs 1,000 crore in just two days to acquire properties in Vikaspuri in West Delhi valued at around Rs 280 crore and at Dwarka and Rohini for around Rs 700 crore.
Monday, January 29, 2007
The telecom industry grew 4.5% sequentially, with wireless net addition of 6.4 million in the month of December ‘06, taking the overall wireless subscriber base to 14.9 crore. The growth was driven by highest ever net adds by Bharti, Reliance and Hutch. The GSM operators added 72.4% with 4.6 million subscribers while CDMA operators added 1.8 million subscribers, according to JM Morgan Stanley estimates.
Metros grew at 3.2%, whereas class B and C circles continue to grow faster with subscriber growth of 5.5% and 6.2%, respectively vis-a-vis 4.5% for the country. Wireless penetration for metros, class B and C circles now stands at 54.8%, 10.3% and 5.9%, respectively.
“For flagship stores we will go through a franchise agreement. We are in
talks with a few companies but we are yet to find a partner with the right
rentals. The companies are holding talks with some leading commercial developers to sign up as anchor tenants in malls, where as in the US, most Wal-Mart stores are standalone stores.
Meanwhile, Bharti-Wal-Mart has started acquiring real estate space for its ambitious retail venture in the country. According to sources, the company has
taken close to 1.5 lakh square feet of retail space spread across various parts of the country. These are Delhi, Noida, Gurgaon, Hyderabad, Bangalore, Ahmedabad and Chandigarh, among others. Sunil Mittal is leveraging group company Bharti Realty to tie up real estate.
Sunday, January 28, 2007
Saturday, January 27, 2007
Besides its work on commercial and general liability, the law firm also practices in a wide segment covering labor and employment, arbitrations and litigation, securities law, banking and consumer litigation, bankruptcy and creditors rights, corporate transactions, municipal law, real estate, zoning and land use and environmental law. With some of the largest corporations as their clients, including Home Depot, Bank of America, Best Buy, General Motors, Staples, GMAC Insurance Holdings, Coca-Cola, Circuit City and many others, the law firm is known for its legal expertise and wide experience.
Unlike many law firms, the company is known to think "outside the box" and find solutions that are creative and inventive. It is qualities such as this that make Simmons, Jannace & Stagg perfect for all types of companies, whether small or large or individual or even municipalities. The firm also counsels business clients and real estate developers in matters pertaining to financial transactions and real estate.
Reliance Retail will be the country's largest retail investment, with an outlay of over Rs 25,000 crore and a game plan to open stores in 764 cities across the country. For the NCR (National Capital Region) alone, the company has kept Rs 8,000 crore to set up its stores. Company sources, say that Reliance Retail will be opening around 400-600 stores in the NCR region, taking up 50 million sq ft of space.
Well, it's a Saturday after a long and busy week, (I was working yesterday too, even though it was a national holiday) and an even more hectic one ahead, I am thinking it would be nice not to be connected all the time. For the time, one is connected, then one should invest in the very best of technology that is available for the kind of thing that is suitable to you.
Helping people find the best cell phones and the best cell phone deals for their needs. Largest selection you'll find anywhere, including carrier sites. Free shipping! We had a quite a time just finding a good cell phone, because each store we went to had a different set up with completely different models available and no good information on which was the latest one, samples, service policies etc. It was quite a frustrating experience. Wirefly.com is the kind of site that is really useful at times like this. They have a huge listing of the best cell phones online, such as these featured Verizon cell phone deals and many, many more. I really wish we had a site like this for our area too. Shopping would be so much more fun.
It all comes down to doing a job well, to reading customers right and providing something different from other stores, protecting and excelling in your USP. No amount of regulations can keep a bad business alive. Take me for instance, I used to do all my shopping at a little mom and pop or kirana store across the street. Why? He had similar prices to all the supermarkets and hypermarkets nearby and delivered all the products to my doorstep at a moment's notice. If I wanted, I could have taken some credit from him too, at no extra cost. So, his USP was being able to deliver one item or an entire month's worth of shopping in 10 minutes. Unfortunately, he has not been doing too well lately. I realized he was not always giving the same specials and offers that the larger stores had (since now Spencers, Food Bazaar and HyperCity all send out weekly flyer's with their specials) and that he always charged the MRP (Maximum Retail Price) where as the organized retailers were always a bit less than the MRP.
So, as long as kirana store keepers focus on what makes them unique and provide a service or product that others either cannot or cannot do as well, then they are safe. Adaptation to local environment is absolutely necessary, but definitely not to safeguard inefficient shop keepers. I wonder when the government will realize they only need to govern the country and not run its airline, stores, hotels etc.
“There are no concrete plans for stores at the moment,” Tatter said, adding
it was also too soon to determine if the effort will find its way to the United
States but indicating that the company expects “substantial expansion” following
the debut. “We see a big demand for [home textiles] among our customers lately,”
Tatter said. “There is a growing interest.”
Friday, January 26, 2007
The company's owners, Felix Martin and Ernesto Rimoch, both went to film school and started the business mainly to offer audiences a new movie-going experience. They're already working on a second location in Miami, and aim to open 10-15 small theater complexes across the United States.
Akin to changing a home's outdoor wardrobe, customers can switch their garden, patio or roof-terrace's look with every season. Sounds like the perfect solution for transumers – those consumers who have moved beyond the fixed and move from one temporary experience to the other, doing away with the hassle of ownership and maintenance.
Thursday, January 25, 2007
The company has recently launched a new website and an intuitive online booking feature, which can rival some of the global travel agencies in the sense that it can price dynamically and offer dollar and percentage promotions, discount regular packages and provide value added packages. One of the most important aspect of a travel website is high quality pictures, and Vacations.net has some incredibly compelling ones. The details on the resorts are in-depth, covering amenities, recreational activities, information on accommodations and other room options. Vacations are sorted by type, such as for couples only or family friendly. Most resorts are located in popular beach destinations such as Dominican Republic, Jamaica and Mexico.
According to a study at Cambridge University, the global textile industry must become more "eco-conscious" and develop "sustainable clothing". Rushing to buy the latest trendy clothing only encourages clothing manufacturers to continue on with their business plans.
Some large clothing retailers are starting to take notice of the environmental questions and are exploring options. "Our research shows that customers are getting very concerned about environmental issues and we don't want to get caught between the eyes," said Mike Barry, head of corporate social responsibility at Marks & Spencer, one of Britain's largest retailers, which helped pay for the Cambridge study.
"With a broadband penetration rate of 76 percent, China has already become one of the most-developed markets in broadband," Wang Enhai, an official with the CNNIC, said in the report.
With the improved infrastructure has come a better-quality experience. More seamless content delivery has played a crucial role in the rise of users, according to CNNIC.
More than 70 percent of China's Internet users are under 30 years old, and 58.3 percent of the overall users are men, with 41.7 percent women, the CNNIC report noted. The two largest age groups for users are 18 to 24, with 35.2 percent, and 25 to 30, with 19.7 percent.
Wednesday, January 24, 2007
Here's the list of the books I read in 2006
- Shadow of the Wind-Carlos Ruiz Zafon
- The Undercover Economist- Tim Harford
- Rich Like Us-Nayantara Sahgal
- The Hungary Tide-Amitav Ghosh
- East of Eden-John Steinbeck
- The Fortune at the Bottom of the Pyramid-CK Prahalad
- The Red Carpet-Lavanya Sankaran
- Remaking India-Arun Maira
- The Constant Gardner-John LeCarre
Actually, if you think about it, although I didn't read too many books, I did read some pretty great ones. Ultimately, what is important, quantity or quality? The latter is more important I think, good books that stay with you for a lifetime, rather than fluff forgotten within a week.
I am currently reading The Art of the Steal by Christopher Mason, about the Sotheby's-Christie's auction house scandal.
On my to-read list are:
- The Prince of Providence by Mike Stanton which is about Providence's ex-mayor Buddy Cianci, the most notorious mayor in all of America who is now doing time in prison.
- The End of Poverty by Jefferey Sachs, which I have already started reading.
- Writing White Papers by Michael Stelzner, one of the foremost writers in the white paper industry.
- Governance by Arun Shourie
- The Celestine Prophecy by James Redfield, which I read years ago, but want to read again.
I did read several business books such as Built to Last and several others this year for a summarization project I was doing. I enjoyed reading most of the books, one book I definitely did not enjoy and that was the only one where it felt like I was working.
Media Post's Marketing Daily writes about a study on waiting by NCR Corp, that found that everyone hates waiting in line, especially at the Department of Motor Vehicles. Ah yes, the dreaded DMV lines, I used to hate them too.
In its poll, NCR surveyed over 1,000 adults, after the DMV lines, waiting in line at stores came second, followed by waiting at clinics or hospitals, checking in at airports and ordering at fast food outlets. On being asked about self service, respondents said they selected a certain provider of goods or services primarily for the reason that it offered a self-service option.
On average, consumers estimate that they spend more than two days per year waiting in line for service, and half believe they waste between 30 minutes to two hours each week waiting for service.
Tuesday, January 23, 2007
Here are a few of my favorite ones:
Mike Sansone: "New connections. This could be introducing two people and watching what they create; sharing an idea and watching for the 'a-ha' moment; or finding a solution to a problem."
Roy Young: “I am inspired by people who pursue hobbies with passion. They could be watching television, but they choose to learn photography, astronomy, music, or cooking. And they often start hobbies as adults, without having much previous skill or background. This tells me we can always discover and learn.”
Sharon Hudson: “A 'problem' to solve or work through. A calm environment and morning light. And finally, time enough to procrastinate."
"Writing a blog inspires me to think about a wide range of issues and to develop a perspective on them, which is intellectually satisfying, and makes me more valuable to my clients. I also like to think that once in a while I am able to share news, an idea, or an interesting tidbit that is helpful to someone."
Needless to say that the last one was my ultimate favorite and the reason for writing this blog!
After spending millions of dollars over the past decade fighting the free exchange of their products over the Internet, some media companies are now yielding.
The best way to get something in return, they are deciding, may be to accept that consumers want to play but few seem to want to pay. If enough of them join the game, there can still be a payback -- either from consumers themselves or, increasingly, from advertisers.
"Free is the new paid," said Kenneth Parks, chief operating officer of Brilliant Technologies, which is developing a service called Qtrax, which will provide free music -- legally -- to Internet users.
Monday, January 22, 2007
Wirefly, the online leader for comparison shopping for cell phones and wireless phone plans has released its annual list of the best selling cell phones, and what a list it is. The number one phone was, of course, the Motorola RAZR phone which is one of the best phones available, in terms of looks, ease of use and technology.
The full list of the Top 10 Cell Phones of 2006 is:
1. Cingular Wireless RAZR by Motorola (in various colors)
2. T-Mobile RAZR (in various colors)
3. Verizon Wireless RAZR (in various colors)
4. Cingular Sony Ericsson z520a/z525a video phones
5. T-Mobile Motorola v360
6. Verizon Wireless Motorola v276
7. Sprint Nextel Motorola i850
8. Sprint Nextel Motorola i710
9. Cingular Motorola v220
10. T-Mobile Samsung T309
I have been using Nokia phones for several years now and I simply love the way they work. The simplicity of the menu functioning is extremely straight forward and quick to navigate. Nokia phones are stylish, but you can't compare them to the Motorola RAZR, by which I am getting quite tempted. So, I think that's going to be my next purchase. Might as well listen to the folks at Wirefly and get myself a stylish new phone.
Sunday, January 21, 2007
This is the paradox that is India. While real estate developers have been going crazy setting up malls, there aren’t enough takers as yet, and definitely not enough buyers. A great shake-out awaits the Indian retail industry. According to Deepankkar Sanwalka, KPMG’s executive director, "If the spending power of consumers is high in a locality, it could sustain two-to-three large players."
Organized retail only accounts for 3% of the total retail industry as yet and is estimated to grow to $64 billion by the year 2015. As a result, the retailing space in the country will also rise by 15-20% by 2010.
Saturday, January 20, 2007
At the launch of the store, Pranab Barua, CEO of Trinethra Super Retail Ltd, said that, "Mysore has emerged as a key destination for several large companies, leading to a change in lifestyle, consumer outlook and buying behaviour. Recognising this change, and, in order to bridge the need gap arising from it, we have decided to launch our first hypermarket here."
Friday, January 19, 2007
It's own exclusive store, Forever New will be opened by end 2007, in cities such as Delhi, Chennai, Kolkata and Mumbai. Locations have yet to be finalized and both high street and mall locations are been studied. Pearl Fashions will stock its DCC and Koolhearts brand in its own stores. DCC is an apparel and accessories brand for women in the 30-45 age group and Koolhearts is for young women from the ages of 15-25.
The company is making this move due to several factors, including the "booming economy, emergence of organized retail and changing awareness about fashion" that are leading to the rising demand of branded garments in the country. The company will also be considering opening another venture for a new fashion line, with a leading Bollywood actor as the brand ambassador. In another venture, Creative has tie up with two Ahmedabad based designers, Rahul Mishra and Samar Firdos for their couture brand.
Creative's first brand 109F, an upscale womens wear brand, was launched in November 2006, and the company plans to have 10 more stores initially, then another 35 over the next three years. Most stores will be opened in metros and tier I cities. 109F is also available at department stores such as Pantaloon and Piramyd. Its home furnishings brand is the well known Portico brand.
Thursday, January 18, 2007
While rentals have increased substantially, sales are not increasing in the same proportion, leading to small and medium sized retailers and manufactures to delay their expansion plans and shift their focus elsewhere such as smaller and newer cities for the time being. Subrata Siddhanta, business head for Cottons by Century, explains that, “Real estate prices in Mumbai have shot up from Rs 60 per sq ft to Rs 250 per sq ft. Mall rentals, too, have risen by about 50-60 per cent. Currently, rentals constitute about 30 per cent of the gross margins. And sales are not expected to rise dramatically.”
While malls and shopping centers are coming up in the the larger cities in the north, the high prices are sure to put lots of retailers off from taking space there. Several retailers are looking to smaller towns, but these towns don't always have any good high street locations to invest in, which could lead to delays in the reach of the retail industry.
Alpha Airports Group Plc has designed over 140 retail stores in over 40 locations in UK, Europe, USA and South Asia. Alpha runs three duty free stores in Cochin Airport. Its store in Delhi will feature some of the leading brands of the world, such as Gucci, Armani, Christian Dior, Calvin Klein, Nike, Swatch among others.
Wednesday, January 17, 2007
With all the interest coming from major players such as Reliance, Apollo, Subhiksha and Medicine Shoppe, these chemists are not taking any chances and are offering a host of freebies such as free medical check ups, concessional rates on drugs, testing reports etc.
There is a promotion going on currently, that if you are part of a student organization with a website, you can get a free hookah as long as you mention on your organization's website that Custom Hookahs has donated it to your organization. Another promotion is that the company is offering 10% discount to members of student organizations.
Tuesday, January 16, 2007
Other players in the sector are AFL, DHL, and UPS who are also moving forward into their value chain to add services. AFL has opened Touchworld stores where it offers services such as courier and tickets etc. DHL has its Express Centers which are focusing on pick up and drop off points for express parcels and UPS launched The UPS Store last year in Mumbai and has since opened more stores in the city as well as Delhi.
Monday, January 15, 2007
Needless to say that online shopping is really the way of the future. The major change that has happened in the past few years is that online retailers are being able to offer substantially lower prices than brick and mortar retailers, added to things such as improving customer service, no standing in lines at the check out counter etc that is converting in-store shoppers to online shoppers. It is well documented that online shoppers are savvy shoppers, and here is one of the secrets: online coupons. Thanks to these, there are millions of shoppers who now shop from home, save time as well as money. One of the good sources of online coupons is MrCheapstuff.com where you can find a ton of usable coupons from companies such as Buy.com, Smartbargains.com, Overstock.com, Drugstore.com and others.
Interestingly, the spokesperson declined to confirm media reports that the Seattle based company will be tying up with Pantaloon and VP Sharma, the head of its Indonesian franchise, for its operations in India. The spokesperson instead said that “We do not comment on rumours and speculations. However, we are enthusiastic about bringing the unique Starbucks experience to one of the most exciting growth markets in the world in the near future.”
Initially, blogging was just a tool for voicing one's opinions, communicating one's thoughts and insights to the world, regardless of the fact that if what we were writing was being read or not. In the past few years, blogging has turned into a business, something that you can make money off, if you're good at it. With this change, came the thousands of business ideas that might or might not end up working. Constantly being fine tuned, the art of blogging should now be seen as a business model, something that Jim Reiner mentions that "big boys" such as Robert T. Kiyosakim, Donald Trump etc are now doing.
The key factor in any blog, what differentiates it from all others, is credibility. To any reader, it is this one factor that determines how long they stay on the page, if they return, if they bookmark you and so on. I thought JR's Seeds For Wealth was a good site for a host of topics, related to the Internet, marketing, blogging and new business ideas.
Sunday, January 14, 2007
According to estimates, entry into India would enable Starbucks to triple its stores to 40,000 worldwide by expanding into emerging markets. It will have to compete with the established local chains such as Barista Coffee and Cafe Coffee Day. “It’s a status symbol to have a Starbucks cup in your hand in countries such as China. I think that’ll translate to India as well,’’ said Rick Drake, director of research at ABN Amro Asset Management in Chicago. “More Indians are working in these professional jobs that give them more disposable income.’’ he said
At present, retailers must go through a mandi to buy produce according to the Agriculture Produce Marketing Committee Act, an outdated law. He added that by reducing the supply chain would benefit both retailers and farmers.
Saturday, January 13, 2007
The joint study was for the second edition of the India Retail Report 2007, which is brought out by Images F&R Research. The report added that India was the place where all the global majors were rushing to, "With escalating consumerism, unprecedented awareness and a youth-heavy customer base, India is the 'Promised Land' for global brands and retailers.” According to the mister of Commerce and Industry, Kamal Nath, who released the report, the boom in organized retail will create 10-15 million jobs for Indians in the next five years.
Friday, January 12, 2007
Gold or gold bullion as it is often called, can be bought in coin or ingot form. Ingots are pure gold bullion that have been cast in a convenient shape and form. Coins can be either of a currency value or as ingots. The wealthy in ancient cultures, such as the Egyptians, Greeks and Romans invested in gold for its power and sustainability. Gold jewelery is something that most women are fascinated by and if it doubles as an investment, then there's nothing like it, right?
While the Bachoomal Group is planning to introduce a large variety of consumer products apart from garments through the “Bachoomal Departmental Store”, Dawar shoes will be cashing in on the low-cost reliability of the Agra footwear which it will present as a marketing strategy to counter the multinational brands.
When it comes to security, there is no one more well known than ADT. The company provides 24 hr security to over 90% of Fortune 500 companies, 80% of the top retailers in the US and 50% of banks. Pretty incredible, right, just how well reputed they are. There's no point paying for something as important as security and then not using a good company. ADT Home Security Systems are one of the best plans to have and includes everything you need, such as free phone consultation, free wireless system, free activation, free phone connection, a professionally installed system and lifetime warranty. One of the great advantages of an ADT system is that is works as a fire alarm too.
Thursday, January 11, 2007
Wednesday, January 10, 2007
As a newsletter subscriber of Marketing Sherpa, today I received a copy of their Marketing Wisdom Report for 2007. This is the fifth edition of the report which features "110 stories and lessons learned by Marketing Sherpa readers". It is really interesting to read through the issues that marketers dealt with and how sometimes the littlest of tweaks can tune the system perfectly instead of a major overhaul. The Marketing Wisdom Report is free and is available at Marketing Sherpa, one of the best marketing sites online. Markeing Sherpa's office is located in Warren, RI, one of the cutest little small town's in the US. In fact, Warren, RI officially is "the smallest town" in the US. When I first learned that Marketing Sherpa was based in Warren, I thought, this is a great analogy of the work they do. I sure do wish I'd known about them when I lived 15 minutes away in Providence, RI.
Tuesday, January 09, 2007
The company call an average of 25,000 candidates each month from one the the best databases in the industry. With its focus on getting new candidates, instead of simply "churning" old resumes, CSI is one of the leading providers of Civil Engineer Jobs in the US. With its emphasis on following proper procedures, the company has recruited candidates to leading national and international engineering firms.
At the purchase of Landmark brand by Tata’s last year, the company has bought out the Kolkata store from the Chennai Group and has renamed its stores as Starmark and has changed the name of its retail division from Emami Landmark Store Pvt. Ltd to Emami Retail Pvt. Ltd.
The company hopes to expand its stores and formats in the near future. Acc"We have three store formats -- the large stores that are upto 20,000 square feet in area and sell the entire product line of books, stationery, gifts, toys and music. The big format stores, upto 10,000 square feet in area, have gifts and stationeries merged into one section. And then we have the express stores varying between 1,000 to 3,000 square feet in area and having a boutique feel about it with soft lighting, chairs and wooden furnishings." ording to Gautam Jatia, chief executive officer of Starmark Store Ltd,
According to Rajiv Chowdhry, chief executive officer of Apeejay Oxford Bookstore, "We plan to open 6 more Oxford Bookstores in India by March 2007, besides the existing 10." New stores will be opening in Shillong, Guwahati, Mysore and Coimbatore. Another focus area would be its junior section, which accounts for 20% of sales.
Sunday, January 07, 2007
Business Standard reprots that Pantaloon Retail India Ltd (PRIL)’s subsidiary Future Bazaar India Ltd, launched its virtual retail venture, futurebazaar.com. The e-tailing site will offer a wide range of apparel, books, electronics, home décor, kitchen appliances, mobile phones, watches and other accessories all available with the manufacturer’s guarantee and home delivery.
According to Sankarson Banerjee, chief executive officer of Future Bazaar, "Leveraging the tried and tested 'brick and click' strategy, futurebazaar.com is the only e-commerce portal with a strong offline presence, quite different from the current e-commerce players who have adopted a 'marketplace' model. Backed by our end-to-end supply chain and the ability to source nearly a million products, our economy of scale gives the customers the lowest prices."
In my searches for hotel sites especially, I found that HotelReservations.com offered a really clean and simple way to organize your travel plans. They have pretty much all you require to set up a holiday, including hotel reservations, motels, resorts, vacation rentals, vacation packages, flights, cars etc. The submission forms are short and simple and load really quickly, the results can be sorted best value, price, quality or alphabetically.
On searching for hotel rooms in Providence, I got some really good results that I had not received when I did the same search on other hotel sites. One of my pet peeves about hotel reservation sites is that I simply hate those pop up windows that most sites forward you to. It has to be quickest way for me to close the page and exit the site.
Hotel Reservations is a great site that covers all your travel needs and I have bookmarked it for use each time I travel. I recently traveled to Niagara Falls and thought it would be wonderful to go back and stay for a while there, so I searched for a vacation rental in the area and found some delightfully quaint bed and breakfast's in the area. It’s sure to be a great motivator for our next vacation.
According to B A Kodandaraman Setty, Chairman and managing director of Viveks, "In the next three years, the company plans to open 100 stores in south India and the group is in talks with some private equity firms to raise funds for the same." Viveks currently has 3 brands, Viveks, Jainsons and Premier.
Saturday, January 06, 2007
Of the total employment generated by the retail industry, estimated to be 20 lakhs, of which 500,000-600,000 will be in the organized sector. Higher management executives are likely to be poached from industries such as FMCG, banking and telecom.
Many companies are looking overseas for talent. Reliance in currently hiring approximately 100 senior managers from overseas, around 50-60 of which who have already joined the company and have 15-20 years of experience with major players such as Wal-Mart, Best Buy, Tesco, ASDA and Kroger. The Aditya Birla Group is also looking fro 30-40 persons from overseas to build its leadership team.
Burger King will be using the same strategy that it used for Japan, using franchises and making smaller, less expensive restaurants that fully use available space. Burger King has 11,129 restaurants of which 1,240 are company owned and 9,889 are franchisees and is currently located in the US and 65 countries.
Friday, January 05, 2007
The company has so far denied that any such move was being planned. Planet Retail is the licenser of several high profile global brands and will soon be foraying into department stores via a tie up with UK based Debenhams. Currently the company has 55 stores in various formats with a total space of over 100,000 sq ft.
Adani operates 54 stores in nine cities in the state of Gujarat. The company is in the process of clearing its existing stocks and has introduced special schemes to attract consumers. All stores will be renovated by Reliance which will be completed in the next 2-3 months.
Market sources estimate that the Birlas paid an estimated Rs. 147 crore for the company which has 172 stores and is spread across the southern states. Comparatively, Reliance’s purchase of the Adani Group which has 54 stores for Rs. 110 crore seems more expensive.
Thursday, January 04, 2007
The AP Handicrafts Development Corporation (APHDC) which runs the showrooms also plans to open showrooms in Mumbai, Chennai and Bangalore. At present it has 14 showrooms, with one each in Delhi and Kolkata and a second outlet opening soon in Delhi.