Gujarats State's largest milk producer, Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul brand of dairy products on Saturday said it will double it's retail outlets pan-India from existing 5,000 to around 10,000 by 2012.
"We aim to double the count of Amul Preferred Outlets (APOs) pan-India from the existing 5,000 to 10,000 by 2012. By end of this fiscal we would add close to 2,000 such outlets," National Head retail Amul India, Debashis Chattopadhayay said.
"The outlets shall be opened on franchise model," he said, while talking to reporters on the sidelines of Franchise India organised 'Fro2010-30th National Franchise show' here.
"Contribution from retail segment in GCMMF's turnover of over Rs 8,000 crore stood at Rs 300 crore, in the year ending March," Chattopadhayay said adding that through this segment we are targeting contribution of at least ten per cent of Federation's total turnover.
In the past three years, the Federation has been adding close to 1,500 to 2,000 Amul Preferred Outlets per annum, he said.
"The sales of our dairy products from each outlet has been brisk ranging between Rs 10,000 to 50,000 per day," Chattopadhayay said.
Meanwhile, the board of members of GCMMF are likely to meet on July 27. The agenda for the board meeting consists approval of audited accounts of the Federation.
Tags:Amul, Amul Franchise, Dairy Franchise, Milk Franchise, Co Operative Franchise, Dairy Business, GCMMF, Retail Franchise, Preferred Outlets Franchise, Amul India, FRO, franchise show, franchise expo.
Source:24 Jul 2010, 1746 hrs IST,PTI.
Showing posts with label retail franchise. Show all posts
Showing posts with label retail franchise. Show all posts
Sunday, July 25, 2010
Thursday, June 10, 2010
Toshiba Looks at 80 Exclusive Franchises Across India
Toshiba India Private Ltd. is planning to embark on an aggressive marketing blitz to drive its laptop business and garner a bigger pie in the Indian market. The move comes even as Toshiba is celebrating the silver jubilee of its laptop invention.
In an interaction with The Hindu, N. Sivakumar, General Manager (PC Division), said Toshiba had lined up an investment of $10 million this year. The money would primarily go into brand building, dealership expansion and strengthening of product portfolio.
He said Toshiba had now a share of four per cent in the Indian laptop market. Efforts were on to scale this up to 12 per cent by the end of this year, he added. With this focus in mind, Toshiba, he said, had decided to expand its dealership network to 850 from the existing 600. This would comprise 80 exclusive franchises who would be hawking only Toshiba products. Also, the company would expand its product offering to 30 models from the current eight.
“We will be offering products in the price range of Rs. 23,000-75,000,” he said. Wu Tengguo, Director (PC Division), said the generation next in India and other emerging markets unfortunately was not aware of Toshiba brand when it came to laptop. Therefore, the challenge lay in spreading the awareness among this segment of the population about Toshiba laptop, he said. In India since mid-1990s, Toshiba laptops were viewed only as commercial products. In this context, Mr. Tengguo pointed out that Toshiba entered the Indian market on the back of a tie-up with HCL for B2B (business to business) sales. With the dynamics of marketing changing drastically, Toshiba had now decided to focus on B2C (business to consumers), he said. The company, he explained, would bring out products to capture new segments. It would also introduce new concept products, he added.
To a specific query, he said the Indian laptop needs were now serviced from Toshiba's plant in China.
Given the low penetration of personal computers in India and given also the size of the laptop market, Mr. Tengguo felt that Toshiba would, in the medium-term, drive its focus on expanding its market share in the Indian B2C space.
Source:The Hindu, Chennai, June 4.
Tags:Laptop Franchise, dealership Expansion,Toshiba Franchise, Exclusive Franchises,Electronic Franchise, Hardware Franchises, Computer Parts Franchise,new franchise, Start A Franchise, retail franchise.
In an interaction with The Hindu, N. Sivakumar, General Manager (PC Division), said Toshiba had lined up an investment of $10 million this year. The money would primarily go into brand building, dealership expansion and strengthening of product portfolio.
He said Toshiba had now a share of four per cent in the Indian laptop market. Efforts were on to scale this up to 12 per cent by the end of this year, he added. With this focus in mind, Toshiba, he said, had decided to expand its dealership network to 850 from the existing 600. This would comprise 80 exclusive franchises who would be hawking only Toshiba products. Also, the company would expand its product offering to 30 models from the current eight.
“We will be offering products in the price range of Rs. 23,000-75,000,” he said. Wu Tengguo, Director (PC Division), said the generation next in India and other emerging markets unfortunately was not aware of Toshiba brand when it came to laptop. Therefore, the challenge lay in spreading the awareness among this segment of the population about Toshiba laptop, he said. In India since mid-1990s, Toshiba laptops were viewed only as commercial products. In this context, Mr. Tengguo pointed out that Toshiba entered the Indian market on the back of a tie-up with HCL for B2B (business to business) sales. With the dynamics of marketing changing drastically, Toshiba had now decided to focus on B2C (business to consumers), he said. The company, he explained, would bring out products to capture new segments. It would also introduce new concept products, he added.
To a specific query, he said the Indian laptop needs were now serviced from Toshiba's plant in China.
Given the low penetration of personal computers in India and given also the size of the laptop market, Mr. Tengguo felt that Toshiba would, in the medium-term, drive its focus on expanding its market share in the Indian B2C space.
Source:The Hindu, Chennai, June 4.
Tags:Laptop Franchise, dealership Expansion,Toshiba Franchise, Exclusive Franchises,Electronic Franchise, Hardware Franchises, Computer Parts Franchise,new franchise, Start A Franchise, retail franchise.
Friday, June 4, 2010
Kewal Kiran Clothing Looks at Expanding Killer and K-Lounges Thru Franchising and Own Outlets.
Killer EBOs and K-Lounges to spread across India
Killer EBOs and K-Lounges to spread across India.Kewal Kiran Clothing makers of the brand Killer, one of India’s largest selling denim brands is on an expansion spree. By the end of this year they plan to push up their retail network to 200 stores. Currently, they have two retail concepts -- Killer exclusive outlets and K-Lounges. K-Lounges house all Kewal Kiran’s brands. Sandeep Varma, Vice President, Killer and Easies points out, “Our EBOs are around 700 to 2000 sq. ft. Most of these are franchisee owned. We have 120 K-Lounges and around 25 Killer EBOs. We want to take the number up to 50 Killer EBOs this year. We will also look at adding 30 K-lounges. So the total retail network would grow to 200 retail stores.” The K-Lounges are between 1,000 to 2,000 sq. ft. area. They have 20 company owned stores and the rest are franchisee outlets. The brand is also present in nearly 2,500 to 2,800 MBOs across India. They also have shop-in-shops with Pantaloons, Central, Shoppers Stop, Lifestyle, and Westside.
Killer’s biggest strength is its distribution network. As a brand, they already have a strong presence in Tier II-III cities. Varma a vows, “Our EBOs, which were earlier only in Tier I cities will now be in the Tier II and III cities as well. The market is growing in these cities and it helps if a brand is present in those markets. We are already there in Mangalore, Patna and Dhanbad. We will open in Bhubaneshwar and Cuttack soon. In some of these cities we are already present in the form of K-Lounges and we are looking at opening EBOs now.”Killer EBOs and K-Lounges to spread across India
The brand is also planning to introduce new products this autumn/winter. “We will add knits to our product portfolio this autumn/winter. These will be mainly cotton knits in the casual category. They will be a combination of heavy winter products and T-shirts. The collection would include sweat shirts, flat knits, jackets, etc,” explains Varma.
Kewal Kiran Clothing has another popular brand called Easies. The brand was launched to cater to the semi-formal, semi-casual concept of dressing. It is meant for a more mature customer. “Easies is trendy cotton trousers and semi-formal trousers. We have a whole range of shirts from casual to slightly formal shirts. We also have belts and are developing ties for the coming autumn/winter. Some 30-odd tie styles are planned,” says Varma. Easies is currently available in 700 to 800 MBOs.
As far as their production capacity goes, last year, they manufactured 1.4 million Killer pieces. “We do around 3 million pieces per year, which incorporates all the brands. Almost 80 per cent of the production is in-house. We are operating out of Mumbai, Daman and Vapi.
Tags:killer,k-lounge franchise, killer franchise, easies, denim franchise, Apparel Franchise, retail franchise, Store Franchise, top retail franchise, franchising apparel.
Killer EBOs and K-Lounges to spread across India.Kewal Kiran Clothing makers of the brand Killer, one of India’s largest selling denim brands is on an expansion spree. By the end of this year they plan to push up their retail network to 200 stores. Currently, they have two retail concepts -- Killer exclusive outlets and K-Lounges. K-Lounges house all Kewal Kiran’s brands. Sandeep Varma, Vice President, Killer and Easies points out, “Our EBOs are around 700 to 2000 sq. ft. Most of these are franchisee owned. We have 120 K-Lounges and around 25 Killer EBOs. We want to take the number up to 50 Killer EBOs this year. We will also look at adding 30 K-lounges. So the total retail network would grow to 200 retail stores.” The K-Lounges are between 1,000 to 2,000 sq. ft. area. They have 20 company owned stores and the rest are franchisee outlets. The brand is also present in nearly 2,500 to 2,800 MBOs across India. They also have shop-in-shops with Pantaloons, Central, Shoppers Stop, Lifestyle, and Westside.
Killer’s biggest strength is its distribution network. As a brand, they already have a strong presence in Tier II-III cities. Varma a vows, “Our EBOs, which were earlier only in Tier I cities will now be in the Tier II and III cities as well. The market is growing in these cities and it helps if a brand is present in those markets. We are already there in Mangalore, Patna and Dhanbad. We will open in Bhubaneshwar and Cuttack soon. In some of these cities we are already present in the form of K-Lounges and we are looking at opening EBOs now.”Killer EBOs and K-Lounges to spread across India
The brand is also planning to introduce new products this autumn/winter. “We will add knits to our product portfolio this autumn/winter. These will be mainly cotton knits in the casual category. They will be a combination of heavy winter products and T-shirts. The collection would include sweat shirts, flat knits, jackets, etc,” explains Varma.
Kewal Kiran Clothing has another popular brand called Easies. The brand was launched to cater to the semi-formal, semi-casual concept of dressing. It is meant for a more mature customer. “Easies is trendy cotton trousers and semi-formal trousers. We have a whole range of shirts from casual to slightly formal shirts. We also have belts and are developing ties for the coming autumn/winter. Some 30-odd tie styles are planned,” says Varma. Easies is currently available in 700 to 800 MBOs.
As far as their production capacity goes, last year, they manufactured 1.4 million Killer pieces. “We do around 3 million pieces per year, which incorporates all the brands. Almost 80 per cent of the production is in-house. We are operating out of Mumbai, Daman and Vapi.
Tags:killer,k-lounge franchise, killer franchise, easies, denim franchise, Apparel Franchise, retail franchise, Store Franchise, top retail franchise, franchising apparel.
Wednesday, May 12, 2010
Worlds Largest Eyewear Retail Chain Sunglass Hut Plans 30 Outlets In 3 Yrs
Sunglass Hut plans India expansion in three years
NEW DELHI: World’s largest eyewear retail chain Sunglass Hut on Wednesday said that it plans to have a total of 30 outlets across the country in the next three years, spreading pan-India to tap into the growing demand for fashion accessories in the market .
“Sunglass Hut has got a great response in India during the last year-and-a-half of our presence here. In the next three years, we plan to create a chain of 30 outlets across key markets, including metros, mini-metros and major Tier II cities,” Sunglass Hut brand manager Mr Pradeep Bhanot said.
It currently has five exclusive outlets in India, spread across Delhi, Hyderabad and Mumbai. “Just early this week, we ventured into Mumbai, the fashion capital of India, with the first store coming up in the city. Fashion eyewear is a growing concept in the country, and we want to capitalise on it,” Mr Bhanot said.
Sunglass Hut is focusing on cities such as Kolkata, Amritsar, Ludhiana, Chandigarh, Bangalore and Chennai for future growth, he added.
Sunglass Hut, owned by Italian firm Luxottica, is present in India under a franchise agreement with DLF Brands, realty major DLF’s retail management arm.
The chain offers over two dozen premium international brands, including Versace, Bulgari, Burberry, Prada, Tiffany, Persol, Revo and Salvatore Ferragamo.
Mr Bhanot said that Sunglass Hut launched a few other international brands, including Paul Smith and Oliver, this week, and plans to further strengthen its portfolio in the months to come.
Sunglass Hut has over 2,000 outlets across various markets, including the United States, Canada, the Caribbean, Europe, Australia, New Zealand, Hong Kong, Singapore, Middle- East and South Africa.
Tags: eyewear franchise,optical franchise,retail franchise, accessory franchise, International Franchise, sunglass hut, sun glass hut,fashion franchise,luxottica, draft franchise agreement, dlf brands,
Source:- PTI, Hindu Business Line, May 12, 2010.
NEW DELHI: World’s largest eyewear retail chain Sunglass Hut on Wednesday said that it plans to have a total of 30 outlets across the country in the next three years, spreading pan-India to tap into the growing demand for fashion accessories in the market .
“Sunglass Hut has got a great response in India during the last year-and-a-half of our presence here. In the next three years, we plan to create a chain of 30 outlets across key markets, including metros, mini-metros and major Tier II cities,” Sunglass Hut brand manager Mr Pradeep Bhanot said.
It currently has five exclusive outlets in India, spread across Delhi, Hyderabad and Mumbai. “Just early this week, we ventured into Mumbai, the fashion capital of India, with the first store coming up in the city. Fashion eyewear is a growing concept in the country, and we want to capitalise on it,” Mr Bhanot said.
Sunglass Hut is focusing on cities such as Kolkata, Amritsar, Ludhiana, Chandigarh, Bangalore and Chennai for future growth, he added.
Sunglass Hut, owned by Italian firm Luxottica, is present in India under a franchise agreement with DLF Brands, realty major DLF’s retail management arm.
The chain offers over two dozen premium international brands, including Versace, Bulgari, Burberry, Prada, Tiffany, Persol, Revo and Salvatore Ferragamo.
Mr Bhanot said that Sunglass Hut launched a few other international brands, including Paul Smith and Oliver, this week, and plans to further strengthen its portfolio in the months to come.
Sunglass Hut has over 2,000 outlets across various markets, including the United States, Canada, the Caribbean, Europe, Australia, New Zealand, Hong Kong, Singapore, Middle- East and South Africa.
Tags: eyewear franchise,optical franchise,retail franchise, accessory franchise, International Franchise, sunglass hut, sun glass hut,fashion franchise,luxottica, draft franchise agreement, dlf brands,
Source:- PTI, Hindu Business Line, May 12, 2010.
Wednesday, April 21, 2010
Raymonds Franchise Stores to Be Added This Year In More Than 100 New Locations Across India
Raymond to take franchisee route to open 100 stores
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
Tuesday, April 6, 2010
Liberty To Franchise Outside India.
Apr 06, 2010
Footwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal. Liberty's outlets overseas would be on the franchise model, according to its top official.
"We plan to open 50 outlets pan-India, primarily in tier II destinations which will take our network-strength to 550 by end-this fiscal. Besides, we plan to open 10 outlets overseas as well," said Adesh Gupta, chief executive officer, Liberty Group.
Within India, the company will focus primarily on tier II destinations while overseas it plans to set up shops in South Africa, Singapore, the Middle-East and Kuala Lumpur. "We currently have 50 outlets overseas and plan to add 5-10 more -- this should take our overseas network to between 55-60. The Middle-East, Singapore, Kuala Lumpur and South Africa are on our radar," Gupta said.
The footwear major has pegged the investment for its domestic expansion at Rs 10 crore. To keep pace with its expansion, Liberty plans to up its head-count and will hire between 300-500 professionals this fiscal.
The company netted a Rs 40 crore revenue from its overseas operations while the domestic market contributed Rs 200 crore in FY10. "We expect a double-digit revenue growth this fiscal in both our overseas and Indian operations," he said.
Tags:Footwear Franchise, Shoe Franchise, Retail Franchise, Franchise Business, India Franchise,
Footwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal. Liberty's outlets overseas would be on the franchise model, according to its top official.
"We plan to open 50 outlets pan-India, primarily in tier II destinations which will take our network-strength to 550 by end-this fiscal. Besides, we plan to open 10 outlets overseas as well," said Adesh Gupta, chief executive officer, Liberty Group.
Within India, the company will focus primarily on tier II destinations while overseas it plans to set up shops in South Africa, Singapore, the Middle-East and Kuala Lumpur. "We currently have 50 outlets overseas and plan to add 5-10 more -- this should take our overseas network to between 55-60. The Middle-East, Singapore, Kuala Lumpur and South Africa are on our radar," Gupta said.
The footwear major has pegged the investment for its domestic expansion at Rs 10 crore. To keep pace with its expansion, Liberty plans to up its head-count and will hire between 300-500 professionals this fiscal.
The company netted a Rs 40 crore revenue from its overseas operations while the domestic market contributed Rs 200 crore in FY10. "We expect a double-digit revenue growth this fiscal in both our overseas and Indian operations," he said.
Tags:Footwear Franchise, Shoe Franchise, Retail Franchise, Franchise Business, India Franchise,
Thursday, January 28, 2010
SPORTXS INDIA'S FIRST SPORTS GEAR RETAIL STORE
Bangalore 11 Jan 2010.
So, the New Year brings some good news for the sporting fiends in the city. Bangalore now has a one-of-its kind Sports Gear destination with SPORTXS inaugurated by Irfan Pathan.
Indian team's Ace Bowler Irfan Pathan at the Opening of SPORTXS, Forum Value Mall, WhitefieldIndian team's Ace Bowler Irfan Pathan at the Opening of SPORTXS, Forum Value Mall, Whitefield
Inaugurated by none other than the ace cricketer Irfan Pathan on January 9, SPORTXS, which is a part of XSIS Promotion India Pvt. Limited, is believed to be India’s first and largest organized ‘Sports Gear’ retail destination.
The newly opened outlet is located at Forum Value Mall in White Field, and is the brainchild of retail entrepreneurs, Monica and Zahir Laliwala. With an aim to promote sports amongst people in the city, particularly the younger crowd, the duo is hopeful that the new outlet will serve as the perfect place to buy sports gear. “As a family, we have been into Sports for almost 25 years now, nay, as we have been into retailing for long, we decided to do something on the Sports Segment too. So, we hit upon the idea of SPORTXS,” said Monica Laliwala, Managing Director, Xsis Promotions Pvt. Limited.
SPORTXS at Forum Value Mall, WhitefieldSPORTXS at Forum Value Mall, Whitefield
The Company now hopes to expand their new venture to other cities, far and wide, in the country. “We will soon open outlets in the Tier II and Tier III cities of the country. Sports is something that every one in the country look forward to, so, we thought a retail outlet like SPORTXS would indeed be very handy for all the sports lovers,” said Ms Laliwala. She added, “Over the next few months, some of the outlets that we are opening will be in places like Ahmedabad, Bangalore, Pune, Indore, Nagpur. And the reason,” she says, “is all of these places have great potential, and the whole idea of sporting exists in most of the people living in these cities. We want to bring about a new concept of sports retailing in the country.”
So, what makes SPORTXS Special? “Backed with a history of promoting retail franchising across India coupled with being a great fan of sporting, it was a dream to create an organized destination for sporting gear such as SPORTXS,” said Ms. Laliwala. She adds: “Through SPORTXS we plan to open up the doors to a variety of audience’s, right from people with the slightest interest in sports to those who are keen on pursuing sports as a hobby, across metro’s, tier II and III cities, pan India.”
Commenting on the launch, Irfan Pathan said, “Compared to the global scenario, there definitely is a need for such a concept to take a shape in India. It is important that the next generation has ample exposure and opportunities towards embracing sports within their lifestyles.” He added, “SPORTXS is definitely a big step towards promoting this and I am happy to be a part of this trend.”
SPORTXS is a sports gear retail destination, and will be a brand under the already existing XSIS Promotions India Pvt. Limited. The place will be a multi brand and multi category concept, which is believed to have over 5000 varieties of Stock Keeping Units across 28 Sports categories and 54 Brands.
So, the New Year brings some good news for the sporting fiends in the city. Bangalore now has a one-of-its kind Sports Gear destination with SPORTXS inaugurated by Irfan Pathan.
Indian team's Ace Bowler Irfan Pathan at the Opening of SPORTXS, Forum Value Mall, WhitefieldIndian team's Ace Bowler Irfan Pathan at the Opening of SPORTXS, Forum Value Mall, Whitefield
Inaugurated by none other than the ace cricketer Irfan Pathan on January 9, SPORTXS, which is a part of XSIS Promotion India Pvt. Limited, is believed to be India’s first and largest organized ‘Sports Gear’ retail destination.
The newly opened outlet is located at Forum Value Mall in White Field, and is the brainchild of retail entrepreneurs, Monica and Zahir Laliwala. With an aim to promote sports amongst people in the city, particularly the younger crowd, the duo is hopeful that the new outlet will serve as the perfect place to buy sports gear. “As a family, we have been into Sports for almost 25 years now, nay, as we have been into retailing for long, we decided to do something on the Sports Segment too. So, we hit upon the idea of SPORTXS,” said Monica Laliwala, Managing Director, Xsis Promotions Pvt. Limited.
SPORTXS at Forum Value Mall, WhitefieldSPORTXS at Forum Value Mall, Whitefield
The Company now hopes to expand their new venture to other cities, far and wide, in the country. “We will soon open outlets in the Tier II and Tier III cities of the country. Sports is something that every one in the country look forward to, so, we thought a retail outlet like SPORTXS would indeed be very handy for all the sports lovers,” said Ms Laliwala. She added, “Over the next few months, some of the outlets that we are opening will be in places like Ahmedabad, Bangalore, Pune, Indore, Nagpur. And the reason,” she says, “is all of these places have great potential, and the whole idea of sporting exists in most of the people living in these cities. We want to bring about a new concept of sports retailing in the country.”
So, what makes SPORTXS Special? “Backed with a history of promoting retail franchising across India coupled with being a great fan of sporting, it was a dream to create an organized destination for sporting gear such as SPORTXS,” said Ms. Laliwala. She adds: “Through SPORTXS we plan to open up the doors to a variety of audience’s, right from people with the slightest interest in sports to those who are keen on pursuing sports as a hobby, across metro’s, tier II and III cities, pan India.”
Commenting on the launch, Irfan Pathan said, “Compared to the global scenario, there definitely is a need for such a concept to take a shape in India. It is important that the next generation has ample exposure and opportunities towards embracing sports within their lifestyles.” He added, “SPORTXS is definitely a big step towards promoting this and I am happy to be a part of this trend.”
SPORTXS is a sports gear retail destination, and will be a brand under the already existing XSIS Promotions India Pvt. Limited. The place will be a multi brand and multi category concept, which is believed to have over 5000 varieties of Stock Keeping Units across 28 Sports categories and 54 Brands.
Tuesday, January 5, 2010
Fastrack to Cross 50 Exclusive Stores by April 2010
Fastrack, a fashion accessories brand from Titan Industries Ltd, is mulling to take the number of its exclusive stores to 50 across the country by April 2010, majority of them through franchise model.
According to Fastrack vice president and head Ronnie Talati, most of the outlets would be operated on franchise model with an investment of Rs 40-50 lakh, and a floor space of 400-500 sq ft.
“Since the launch of our first exclusive Fastrack store in Pune, the brand has received tremendous response in Vizag, Chennai, Bangalore, Bhubaneshwar, Thane and Nashik with Fastrack stores. With the launch of new stores at Begumpet and Himayatnagar in Hyderabad, we now have 13 Fastrack exclusive stores and seven kiosks,” Talati added.
The perspective plan envisages setting up of 50 stores in the country by April 2010 and then expands this further to a chain of over 100 outlets by next year. “We have set up a few of these stores as demonstration points and receive enquires for new stores. In fact, several of the dealers of Titan stores are keen to set up Fastrack stores,” Talati told reporters on the launch of two new stores in Hyderabad.
“Finding a right place to set up a store is a key challenge for us. Once we do so, we are able to roll it out soon. The choice of location of a store is also dependent on how fast we can secure a property. With the slowdown in the real estate market, we see opportunities. However, finding a store of 400 to 600 ft in larger malls takes time,” said Talati.
The brand, whose mainstay is watches and sunglasses, forayed into accessories like belts, hats and bags this year and expects to reach a sales figure of Rs 360 crore with a growth rate of 25 per cent over last year.
“With the expansion of products in the Fastrack stores, covering accessories, most stores are breaking even within the very first year of operation as against our initial estimates of two years. The sales revenues from accessories would contribute 15-20 per cent to our revenues over the next five years," said Talati.
The brand would roll out more designs and models of various accessories like bags, belts, and leatherettes every month, Talati said, adding that they have no intention of bringing foreign brands to India.
According to Fastrack vice president and head Ronnie Talati, most of the outlets would be operated on franchise model with an investment of Rs 40-50 lakh, and a floor space of 400-500 sq ft.
“Since the launch of our first exclusive Fastrack store in Pune, the brand has received tremendous response in Vizag, Chennai, Bangalore, Bhubaneshwar, Thane and Nashik with Fastrack stores. With the launch of new stores at Begumpet and Himayatnagar in Hyderabad, we now have 13 Fastrack exclusive stores and seven kiosks,” Talati added.
The perspective plan envisages setting up of 50 stores in the country by April 2010 and then expands this further to a chain of over 100 outlets by next year. “We have set up a few of these stores as demonstration points and receive enquires for new stores. In fact, several of the dealers of Titan stores are keen to set up Fastrack stores,” Talati told reporters on the launch of two new stores in Hyderabad.
“Finding a right place to set up a store is a key challenge for us. Once we do so, we are able to roll it out soon. The choice of location of a store is also dependent on how fast we can secure a property. With the slowdown in the real estate market, we see opportunities. However, finding a store of 400 to 600 ft in larger malls takes time,” said Talati.
The brand, whose mainstay is watches and sunglasses, forayed into accessories like belts, hats and bags this year and expects to reach a sales figure of Rs 360 crore with a growth rate of 25 per cent over last year.
“With the expansion of products in the Fastrack stores, covering accessories, most stores are breaking even within the very first year of operation as against our initial estimates of two years. The sales revenues from accessories would contribute 15-20 per cent to our revenues over the next five years," said Talati.
The brand would roll out more designs and models of various accessories like bags, belts, and leatherettes every month, Talati said, adding that they have no intention of bringing foreign brands to India.
Thursday, December 31, 2009
Franchising Poised To Explode In Small Format Retail In 2010
Mumbai: Even as retailers shelved their expansion plans last year and struggled to keep company-owned stores running, they figured out a way to multiply their stores and sustain business — through franchising.
Franchise India Holding Ltd, estimates a rise in the adoption of franchise model by small-format retail players in the country since the slowdown last year.
As per its estimates, 85% of all small-format retail business in India now operates on the franchise model.
“Earlier, only 50% of small-box retail companies in India operated through franchise model, while the rest is operated only through company owned stores. This is a very significant growth from what it used to be a year or two ago,” Gaurav Marya, president, Franchise India Holding said.
During the recession, most retailers were starved of capital for expansion. Franchising offered a model to sustain their business.
“That was when we saw the growth in retail and companies that were earlier not franchising started looking at the model,” Marya said.
Brands such as Koutons, Levis, Reebok and Adidas, which were traditionally not franchising, have lately started looking at the model.
So much so, the retail format ratio for most brands now stands at 80% dedicated to franchising and 20% for company run at strategic locations.
According to Franchise India, large-box retailers typically desist from taking the franchise route, although some, like Trent’s Westside chain, are franchised.
Videocon India, which runs two retail formats — Next (electronics chain) and Planet M (music and departmental chain) — is now starting to franchise Planet M, which was earlier being expanded through company-run stores.
Bata India, the largest retailer and manufacturer of footwear in the country with 1,200 stores, is starting its own franchise network to expand retail presence in a few months, Marcelo Villagran, managing director and chief executive officer of the company, had told DNA Money in October. Bata is looking at opening 60 flagship stores every year and tapping the franchise model will help the brand accelerate further in the market that is getting highly competitive.
Cookie Man, the retail chain store owned by Australian Foods Ltd, which runs over 50 stores across India, is looking at reaching a total of 250 stores through franchising in another 5-6 years.
“Not only does the franchisee bring in the capital, but also, the retailers are able to save 4-8% on the point of sales,” Marya of Franchise India said.
Currently, 45% of organised retail sales in India are through franchised outlets.
This is in line with the developed world countries like US and Europe, where these models are well incepted in the business world.
As per Franchise India estimates, the fashion retail industry in the country is pegged at $29 billion and growing at 12% per annum. India is now opening up as a competitive apparel retail market.
The market potential for footwear is 1.1 billion pairs and it is estimated to be a $2 billion sector.
The jewellery market is estimated at $9.7 billion, with gold contributing 98% to retailing. And the industry is touting retail franchising as the best mode of tapping the market’s potential.
Source:Shailaja Sharma / DNA
Friday, January 1, 2010 2:17 IST
Franchise India Holding Ltd, estimates a rise in the adoption of franchise model by small-format retail players in the country since the slowdown last year.
As per its estimates, 85% of all small-format retail business in India now operates on the franchise model.
“Earlier, only 50% of small-box retail companies in India operated through franchise model, while the rest is operated only through company owned stores. This is a very significant growth from what it used to be a year or two ago,” Gaurav Marya, president, Franchise India Holding said.
During the recession, most retailers were starved of capital for expansion. Franchising offered a model to sustain their business.
“That was when we saw the growth in retail and companies that were earlier not franchising started looking at the model,” Marya said.
Brands such as Koutons, Levis, Reebok and Adidas, which were traditionally not franchising, have lately started looking at the model.
So much so, the retail format ratio for most brands now stands at 80% dedicated to franchising and 20% for company run at strategic locations.
According to Franchise India, large-box retailers typically desist from taking the franchise route, although some, like Trent’s Westside chain, are franchised.
Videocon India, which runs two retail formats — Next (electronics chain) and Planet M (music and departmental chain) — is now starting to franchise Planet M, which was earlier being expanded through company-run stores.
Bata India, the largest retailer and manufacturer of footwear in the country with 1,200 stores, is starting its own franchise network to expand retail presence in a few months, Marcelo Villagran, managing director and chief executive officer of the company, had told DNA Money in October. Bata is looking at opening 60 flagship stores every year and tapping the franchise model will help the brand accelerate further in the market that is getting highly competitive.
Cookie Man, the retail chain store owned by Australian Foods Ltd, which runs over 50 stores across India, is looking at reaching a total of 250 stores through franchising in another 5-6 years.
“Not only does the franchisee bring in the capital, but also, the retailers are able to save 4-8% on the point of sales,” Marya of Franchise India said.
Currently, 45% of organised retail sales in India are through franchised outlets.
This is in line with the developed world countries like US and Europe, where these models are well incepted in the business world.
As per Franchise India estimates, the fashion retail industry in the country is pegged at $29 billion and growing at 12% per annum. India is now opening up as a competitive apparel retail market.
The market potential for footwear is 1.1 billion pairs and it is estimated to be a $2 billion sector.
The jewellery market is estimated at $9.7 billion, with gold contributing 98% to retailing. And the industry is touting retail franchising as the best mode of tapping the market’s potential.
Source:Shailaja Sharma / DNA
Friday, January 1, 2010 2:17 IST
Tuesday, December 8, 2009
Canon To Open 6 'Prozone' outlets through franchise model in all major cities of India.
Leading digital imaging company Canon India will open six outlets in various cities in the country over the next few months. According to the Canon India Senior Vice-President Alok Bhardwaj, these outlets name 'Prozone' will display its 160 products under one roof and would be set up on the franchise model in Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad during the next few months.
The company was witnessing tremendous growth in Tier-II cities on sales of its flagship model 'digital single lens reflector (DSLR)' cameras. The company had only three exclusive outlets so far-in Bangalore, Gurgaon and Mumbai. He added that they were getting a huge response particularly in the mid-end DSLR cameras.
The lower-end Canon cameras range between Rs.26,000 to Rs.50,000, while the mid-end between Rs.50,000 to Rs.1.50 lakh and the high-end cameras were priced above Rs.1.50 lakh. Bhardwaj told that the company had launched the new DSLR Electro Optical System (EOS) 7D with new features in the mid-end category, priced at Rs.1.10 lakh. The EOS 7D has a resolution of 18 megapixel and features a lock, which helps camera setting s not to change without the knowledge of the photographer.
He also mentioned that this year witnessed the highest growth in the sales of DSLR cameras despite the global meltdown. The company grew over 30 per cent in the last three years. Canon India is the currently the market leader in DSLR Cameras. It has 54 per cent market share. South India was the largest market for Canon, contributing 28 per cent on its total sales.
Canon India currently has 10 exclusive service centres across various cities. The company reported a turnover of Rs.665 crore last financial year and hopes to reach Rs.830 crore this financial year.
Source:Paisewaise.com
The company was witnessing tremendous growth in Tier-II cities on sales of its flagship model 'digital single lens reflector (DSLR)' cameras. The company had only three exclusive outlets so far-in Bangalore, Gurgaon and Mumbai. He added that they were getting a huge response particularly in the mid-end DSLR cameras.
The lower-end Canon cameras range between Rs.26,000 to Rs.50,000, while the mid-end between Rs.50,000 to Rs.1.50 lakh and the high-end cameras were priced above Rs.1.50 lakh. Bhardwaj told that the company had launched the new DSLR Electro Optical System (EOS) 7D with new features in the mid-end category, priced at Rs.1.10 lakh. The EOS 7D has a resolution of 18 megapixel and features a lock, which helps camera setting s not to change without the knowledge of the photographer.
He also mentioned that this year witnessed the highest growth in the sales of DSLR cameras despite the global meltdown. The company grew over 30 per cent in the last three years. Canon India is the currently the market leader in DSLR Cameras. It has 54 per cent market share. South India was the largest market for Canon, contributing 28 per cent on its total sales.
Canon India currently has 10 exclusive service centres across various cities. The company reported a turnover of Rs.665 crore last financial year and hopes to reach Rs.830 crore this financial year.
Source:Paisewaise.com
Monday, December 7, 2009
Australian Food Brands In India
Retail Food Group Limited, a leading Australian retail food brand manager and franchisor, has decided to enter Indian market next year. The company is aiming revenue of US$87 million from the country within five years from start of operations.
"We expect revenues of $87 million from our Indian operations within five years. In 20 years, we expect Indian operations to be bigger than the Australian business," Mr. Gavin Nixon, Sales and Leasing Manager, Retail Food Group (RFG) told reporters.
RFG, the largest retail chain in Australia, last year the company’s turnover was US$505 million in the domestic market.
"The Indian food market is one of the most promising and offers immense potential. We want to capitalise on it as part of our global growth strategy," Mr. Nixon said.
RFG will be introducing all its four brands like Michel's Patisserie, Donut King, Brumby's Bakery and 'bb's cafe' in the Indian market next year and plans to double its retail strength every year.
"We will open a total of 15 outlets of four of its brands within the first year and double the number every year for next few years," he said.
RFG currently operates over 1100 outlets in Australia. The company entered China market last year
"We expect revenues of $87 million from our Indian operations within five years. In 20 years, we expect Indian operations to be bigger than the Australian business," Mr. Gavin Nixon, Sales and Leasing Manager, Retail Food Group (RFG) told reporters.
RFG, the largest retail chain in Australia, last year the company’s turnover was US$505 million in the domestic market.
"The Indian food market is one of the most promising and offers immense potential. We want to capitalise on it as part of our global growth strategy," Mr. Nixon said.
RFG will be introducing all its four brands like Michel's Patisserie, Donut King, Brumby's Bakery and 'bb's cafe' in the Indian market next year and plans to double its retail strength every year.
"We will open a total of 15 outlets of four of its brands within the first year and double the number every year for next few years," he said.
RFG currently operates over 1100 outlets in Australia. The company entered China market last year
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