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Retail India Business Website has crossed with over 1,00,000 hits
Reliance Retail, part of Reliance Industries is all set to roll out another category of retail specializing in stationary stores. Company sources have confirmed plans to set up 250 stores by 2010 and has had several rounds of talks with potential global chains like Office Depot. Recently Pantaloon of Future Group had announced its entry with a JV with Staples.
With Office Depot and Staples tying up with Reliances and Future Group, the bitter competition will be no different from the American Shores to the Indian Shores once both set shop.
UK's leading home and improvement retail group, Home Retail Group Plc, has drawn a Joint Venture to develop its Argos retail format with Shoppers Stop and Hypercity Retail India.
Under the agreement, Argos will provide its brand, concept and multi-channel expertise and IT Support to the Joint Venture. The Stores will be named HyperCITY-Argos and will start in Mumbai later this year.
With growing retail penetration and the sudden influx of major new entrants like Reliance, soon to arrive Bharthi - WalMart, and existing chains like Niligiris, Trinethra, Subhiksha, FoodWorld, Spencers, and Future Group, the other element in the Value Chain to be squeezed is the Suppliers. More than other retailers or competition feeling the pinch of organized retail, the immidiate tremors are first felt with the distributors who are backed and developed by the manufacturers / brands or directly by the brands themselves. Suppliers like HLL in grocery retailing have been long trying to manage such key accounts.
HLL's latest response is to roll out its recent strategy of giving a makeover to existing mom & pop corner stores with a brand facelift and rebranding them as HLL Super Value Stores. This has been in place for over 2 years now and the company plans to extend this further. This will develop a stronger connect to customers to go back to thier old stores in a new retail environment which offers the advantage of the local kirana, friendly and known faces, with the advantages of organized retail and customer service. HLL has already seen some visible growth its current Super Value Stores.
Whilst Tesco is still in the look out for a Indian partner to team up its much anticipated foray, it is believed that the company is busy scouting for talent in the top Business Schools in the country and also seeking for manpower with retail background. Well the official line is it is scouting for talent for its Tesco Hindustan Service Centre but the unofficial talk is the latest round of manpower scouting is for its retail foray.
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