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| Vol. 1 Issue 1 – Sept. 2006 In this Issue
There’s good news and more good news! In an early indication of the shape of things to come, major retailers have notched up significant growth rates. In the era of super-segmentation, we now have digital lifestyle as a newly emerging segment. And interestingly, while the big brands make their noise, store brands and private labels have quietly been chipping away at major brand shares.
When we started out, we said we wanted IR Retail Newsletter to become the first port of call for professionals wanting to find news and analysis on the Retail Sector. As a product, it is a fledgling, still evolving and finding its feet. Here’s where we would love to hear your feedback and suggestions…how do we make it better? How can we reach what we aimed for and become the preferred newsletter in the Retail space? Write us:
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The retail space is buzzing with activity. It is boom time for businesses and marketing professionals. HR consultants are pushed to splitting their time between finding people for the retail sector and recruiting for the BPO sector. It is not bad going for the real estate industry either. Come to think of it, it is another lucrative vertical added to software services majors. So its business and happiness all over. We at Chillibreeze felt that we had to be part of this carnival. Our contribution to the party – we wanted to try and make sense of this chaos, rejoice in the prosperity created by this wave and just simply map and document all that is taking place. We really do believe history is being made!
Luxary News at a glance...
We believe the Retail Newsletter has something for everyone, be it marketing professionals or students. Its comprehensive tracking of trends, news and happenings across the country would not only help you keep track of events in your industry but also aid further research. From the Chillibreeze Business Hub Highlighted Retail Product Growth of Single Brand Stores in India
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Regional trends at a glance...
Sops for the Indian Retailers The retail industry is seen as the next big thing after the information technology industry. In order to ensure that the industry sustains its growth phase and attains its full potential, several retail firms have made representations to the government for a sound policy framework for the industry. This representation has been made through various business interest groups. Some of the issues raised by the retailers, both individually and collectively, include a demand for according an industry status to the sector, better legislative framework and lastly, rationalization of taxes. The industry status would help retail firms access funds and insurance more easily. Admittedly, the current tax structure and plan is a deterrent to the industry. There are different sales tax rates as well as stamp duties levied in different parts of the country. Simply keeping track of them is tough. Also, movement of goods across districts incurs octroi duty, which is a drain on revenues. Therefore, a key demand from the industry is to abolish local levies like octroi or entertainment tax, and implement VAT uniformly across all states. Source: The Times of India Mega Plans for Reliance Retail September is likely to see a lot of activity in the retail sector. Reliance Retail’s much-awaited store will open in Hyderabad in this month. The Indian major’s first foray will be in the food and grocery segment. Raghu Pillai, Reliance Retail President and Chief Executive (Operations and Strategy) announced these plans in New Delhi.
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| India Reports: A unit of Chillibreeze Solutions Pvt. Ltd. - Focusing on niche, value added epublications covering Indian business, economy, industries and government policy. |
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