Mall vacancy falls to 14.8%: Cushman & Wakefield
According to Cushman & Wakefield’s latest retail reports, the top eight major cities witnessed a total mall supply of 2.94 million square feet (msf) (3 malls) during the first half of 2013 with over 64% (13 malls) of the total expected supply deferred. The highest deferment of supply was recorded in NCR, Pune Hyderabad, followed by Bangalore & Kolkata where none of the planned supply entered the market. NCR witnessed the deferment of 5 malls, followed by 2 malls in Pune, Hyderabad, Chennai and 1 mall each in Kolkata and Bangalore. Inspite of a healthy retail leasing activity and increase in number of enquiries in both main streets and malls, developers have significantly deferred commencing construction. This is mainly because malls are subject to higher compliance i.e. safety and security concerns from municipalities in most cities due to higher foot fall, parking requirements, multiplexes and food courts. Further, malls take more time for finishing as there is lot of common area finishes require high capital cost, which depending upon financial soundness of the developer may be difficult to come by through internal accruals etc.
Total of 3 new malls started operations inQ2 2013 – one in Mumbai (Viviana) and two in Chennai (Phoenix Market City & Prestige Mall (Forum)). These malls became operational with more than 95% occupancy level. This trend of mall deferment across can be attributed to a number of reasons. Primarily, developers are facing liquidity issues to complete the construction of their malls. Additionally, though retailers are optimistic of their growth plans in India, they are cautious in opening new stores and are carrying out comprehensive due diligences to understand their market before making commitments. On the other hand, developers are not in a position to launch their malls until they get sizeable occupancy that can support the operations of the mall. This is especially true in the case of large-sized malls, which need longer time frames to market themselves and ensure that they have attained the critical mass in occupancy before launching…Read More
Walmart seeks clarity from govt on FDI
Walmart is seeking further clarity from the Government on Foreign Direct Investment policy in multi-brand retail, according to media reports. On Wednesday, Walmart India head Ramnik Narsey met officials from the Industry Department to discuss the company’s plans of investing in multi-brand retail in the country. Walmart is already present in India as part of Bharti-Walmart, a 50:50 cash-and-carry joint venture with Bharti Enterprises, Narsey explained the company’s existing sourcing model in India. Government allowed 51 per cent FDI in the multi-brand retail sector in September last year.
In focus Stories
Retail realities: What industry leaders have to say
The Indian retail industry has undergone dynamic changes with respect to e-commerce, technology, increasing number of opportunities, foreign investments and so on. On the first day of the highly coveted India Retail Forum (IRF), thousands from the world of retail assembled to script a profitable and successful story in the India retail...It’s time now for retailers to shop for success.
India Retail Forum has been on the forefront of strategic issues related to modern retail in India since its inception in 2004. Positioned as the knowledge platform for the retail industry, it is regularly graced by industry leaders, policy-makers, infrastructure developers, business facilitators and academia, making it the flagship industry event in India. With so many existing players and new entrants, not all get the chance of tasting success because of the heavy initial investments that are required to breakeven with other companies and compete with them.
During the session on “scripting a profitable and successful story in indian retail session”, Mr. Abheek Singhi, Head, Consumer and Retail Practice, Asia Pacific, The Boston Consulting Group spoke on “Weathering out the lean times: learnings from History and Parallel Markets”.
Singhi says, "I really don't believe that India is going through a downturn, infact we have witnessed growth in India. One of the key characteristics of growth is volatility, so one should not be petrified of a few ups and downs. But, if I talk about the bigger picture, according to me retail is growing from strength to strength in India."…Read More
High Street Phoenix celebrates Gandhi Jayanti
LimeRoad.com launches ‘CREATE AND EARN’ initiative
Delhi Jewellery & Gem Fair 2013 sees a record response
UBM India continued to witness a full house through on Day 2 of it's hugely popular B2B jewellery show - Delhi Jewellery & Gem Fair 2013, despite of it being a Sunday. The first day of the show held on the 21st of September, saw more than 1000 industry professionals visiting the exhibition. DGJF'13 is steadily strengthening is position as an event that provides an ideal platform for trader community in the jewellery business to connect and do business. The first day ended with a glamorous Fashion Show that showcased exclusive jewellery collection from companies like HVK Jewells, Naulakha Jewellers, Haryana Jewellers, Bhindi Jewellers, ND Diamonds, S Rasiklal, Laxmi Diamond, Harisons Diamonds to name a few.
Apart from providing a networking platform for business opportunities in Northern India, DJGF is also focusing on other regions of the country like Mumbai, Chennai, Hyderabad, Kolkata and Gujarat. This year a special section has been dedicated to the machinery and allied industry addressing the needs of every segment. A good number of Manufacturers, Importers, Exporters, Wholesalers, Agents and Retailers were in attendance to update themselves on the latest designs and trends in the market.
The DJGF’13 saw its grand inauguration on the 21st September, by Ram Avtar Verma, President, The Bullion & Jewellers Association; Yogesh Singhal, General Sec., The Bullion & Jewellers Association; Satish Chand Jain, President, Delhi Jewellers Association; Vijay Khanna, President, Karol Bagh Jewellers Association, Gurjeet Singh, Uttarakhand Jewellers Association; Sarvesh Kumar Jain, General Sec., Meerat Govt. Association; Pawan Gupta, PP Jewellers; Ramesh Narang, Hazoorilal; Subhash Bhola, Bholasons and Billu Jain, President, Sarafa Association, Guru Bazaar, Amritsar…Read More
Bata appoints Sumit Kumar as new VP, Marketing & Customer Services
Bata India, announced the appointment of Sumit Kumar as the new Vice President, Marketing & Customer Services of Bata India with effect from 2nd September, 2013. Providing a new direction to Bata India’s marketing function, Kumar will be responsible for driving growth and expansion of the market share in India. Kumar was earlier associated with Marks & Spencer India as Marketing Head. He held all the marketing function for India business from External Communication & PR, Store Environment & In-store Communication, Customer Relationship Management & Customer Insight Unit. Kumar holds 3 degrees, including an MBA, and has lived in 3 countries and worked across 24+. In his professional career, spanning over 16 years, he has worked with market leading companies and has been responsible for formulating & executing business strategies to achieve P&L objectives in sectors like Retail, Food & Hospitality. Kumar also received the "Star Youth Achievers Award" in 2013 from Global Youth Marketing Forum for work in youth marketing and featured amongst the top 50 most talented brand builders.
Loftware delivers unsurpassed solutions for enterprise labeling
Loftware, Inc., the global leader in Enterprise Labeling Solutions is proud to announce the fourth installment of the Loftware Delivers Program which focuses on Loftware’s relentless commitment to invest in its solutions and drive innovation. This installment takes viewers on a tour of Loftware’s dedication to provide Unsurpassed Solutions through video interviews with executives, analyst and customer quotes, as well as a behind the scenes glance of Loftware’s history of innovation. This follows last week’s installment “Loftware Delivers Unrivaled Services” which presented Loftware’s best practices, professional services, and training offerings.
Underscoring Loftware’s dedication to provide 5,000 plus global customers with the industry’s best enterprise labeling solutions, is a focus on investing and continually improving its solutions. In the last three years, Loftware has increased its investment by an astounding 112% in the teams that drive solution innovation including software development, quality assurance, product management, and documentation. This ongoing investment directly translates into releases that offer exciting new capabilities and technologies while delivering on the quality, reliability and scalability that customers have come to expect from Loftware…Read More
Milestone announces FIFA 14 Midnight across 10 cities
Milestone Interactive Group, India’s leading game publishing, marketing, retail and distribution organization, has announced the much awaited launch of FIFA 14 this year on 27thSeptember, 2013. For the legion of FIFA 14 fans various gaming stores in India have organized midnightlaunches making the release of FIFA this year, the biggest so far. FIFA 14 will be available on PlayStation 3, PlayStation 2, PlayStation Vita, PlayStation Portable, Xbox 360 and PC.
The midnight launch will commence at 11:45 pm on 26th September, a few minutes prior to the release day and will begin simultaneously across Gaming stores. Consumers around Mumbai, Thane, Navi Mumbai, Pune, Gurgaon, Delhi, Ludhiana, Chandigarh, Bangalore and Chennai will be lucky to have the opportunity to attend the much awaited FIFA 14 midnight launches across 18 stores and getting a chance to be the first to get it, play it and further brag about it!...Read More
DY Works appoints Lakshmi Iyer as VP – Marketing
DY Works, India’s oldest and largest brand strategy and design firm announced the appointment of Lakshmi Iyer as Vice President - Marketing. Prior to joining DY Works, Lakshmi served as Vice President - Marketing & Group Account Head at Better Communications and has worked on clients across financial services, entertainment media, retail, and FMCG sectors among others.
A postgraduate in Marketing with over 15 years of experience in the communication business, she believes that with the plethora of media available for creating branded experiences today, it is all the more imperative for branding and communications to not operate in silos, and stay on the same continuum. Welcoming Lakshmi, Alpana Parida, President, DY Works said, “Our nature of work requires people from a strong branding and communications profile and Lakshmi has a combination of both. We are very pleased to have her join the DY Works’ family.”
TRA to launches India’s Most Attractive Brand, 2013
After the enormously successful, The Brand Trust Report by TRA, the brand insights company is set to launch its next report titled India’s Most Attractive Brand, 2013. This new report aims at measuring, understanding the enigma that is attraction and will list India's 1000 Most Attractive brands based on its proprietary Attractiveness Quotient matrix. TRA (Trust Research Advisory), is dedicated to quantifying brand insights by measuring variables that influence consumer behavior. The expected study is the result of a primary syndicated research carried out 16 Indian cities, with interactions with more than 2500 consumer influencers. TRA developed the Attractiveness Quotient Matrix, a scientific tool made of 36 brand traits, clubbed into 12 attractiveness demeanors. These insights provide a granular analysis to help the brand improve their communication and action, giving better efficiency and returns for their communication spends. India’s Most Attractive Brands 2013 will have a reach of 10,000 decision makers and this report will be launched in October 2013.
Future Group chooses HP Software to Advance Application Testing
Vinegar now available on koovs.com
Zebronics unveils 7.1 surround sound gaming-multimedia headphone
Top Notch Infotronix, India’s leading supplier of products and accessories for Computers, Consumer Electronics and Communication under the brand ‘ZEBRONICS', has introduced four new gaming headphones – the Zebronics Iron Head, Colt, Rattlesnake, and Stingray, a fantastic series in its multimedia headphones category with volume control, mute button, mic on/off and inbuilt microphone.
Designed to look and feel like headsets worn by pro-gamers, the Zebronics Iron Head is the star of the new line. A battle-ready solution, the first from Zebronics to incorporate 7.1 channel simulated sound effects for powerful, immersive PC gaming audio, it delivers superior sound isolation. The soft ear pads are foam cushions that mold to the shape of your ears for maximum comfort over extended use. Dedicated microphone and volume controls are conveniently close at hand even when using a PC or notebook for gaming enabling quick use rather than fiddling with software settings. Easily connected via USB and built-in sound processor and featuring a 3-meter long cable, the 7.1 channel simulated sound effect technology makes it the most vital weapon for your total PC gaming and movies enjoyment. Its excellent all-round performance makes it suited for discerning music lovers and movie enthusiasts too, apart from playing games. Whether blocking out the loud noise made by a bus, the construction work just outside the home or any other ambient sounds, users will hear nothing but the sweet, immersive sounds of music, destruction and victory…Read More
Bonita unveils ‘Maximo’ a drying stand
Oh that cumbersome routine called laundry drying! Every week when you fill up your washing machine up to the brim and then fall short of space to dry the clothes, you inevitably curse the routine while arranging chairs as make shift drying stands and locating hitherto unknown hooks to support the hangers. If this is your story, then Bonita’s Maximo is tailor made for you. Keeping in mind the laundry woes of people living in small urban homes, the leading home utility products company has come up with a new dynamic product to cater to their customer requirements more effectively.
At a time the drying stand can accommodate a washing machine full of ready to dry laundry, sparing you the horror of spreading around your wet clothes to dry in multiple rooms and on unlikely objects like chairs. Wheels provide for easy movement of the stand which can be adjusted as per the movement of the sun. It also facilitates both the indoor and outdoor movement according to the customer’s convenience. Maximo comes with a fully adjustable shelf height which enables it to use the vertical space in a balcony or a room rather than expand the drying space horizontally. Multiple rods make it a three tier hanging stand with special sideways brackets with hanger slots to hang clothes. Maximo has as many as 24 rods for drying. The dual rods also contribute to greater stability of this all-useful and customer-friendly product.
Westland launchees Sangeeta Mall's Book "Flight of the Flamingo”
CaratLane.com brings Forget Me Not collection
True Love is a pursuit that conquers all. It is what binds eternity, infinity and foreverness together. Paying tribute to this magical bond with an undying history since the Victorian Era, CaratLane.com brings to you a token of faithfulness and enduring love with its ‘Forget Me Not Collection’. Bloom with the beauty and honour of the gorgeous Forget Me Not flower, with an inspired Collection that entails its legend through remarkable jewellery pieces. The Forget Me Not flower is a favorite wild blue flower with a moving story and has been retained as a symbol of true love and hope. This blue flower with a yellowed center tells the tale of many myths attached with its name. It is said that the wearers of the flower would never be forgotten by their lovers. CaratLane.com highlights this romantic legend with its significant and extraordinary ‘Forget Me Not Collection’.
If you love or care for somebody, you can express your love for them symbolically with out having to say a word. An innocent gesture of handing the Forget Me Not flower is a million moments of affection expressed to those in the pangs of yearning love. The flower's delicate appearance also lends to its romantic significance. CaratLane.com gives a modern twist to this ancient folklore with jewellery that represents the sheer beauty of floral designs inspired from the Forget Me Not flower and that invoke influence of faithfulness, loyalty and fidelity. Celebrate foreverness with a collection of Pendants, Ensembles, Rings, Bangles and Bracelets that showcase the true exquisiteness and prodigy of the Forget Me Not flower. Keep your beloved close and seal the bond of loyalty with the beautiful ‘Forget Me Not Collection’ from CaratLane.com priced from Rs. 18,000/- to Rs. 28,550/-
A. Lange & Söhne unveils 1815 UP/DOWN watches
Often, a distinctive style is created with only a few special hallmarks. Apart from iconic designs, the A. Lange & Söhne signature stands for mechanical ingenuity. It permeates all models of the 1815 watch family, and particularly the 1815 Up/Down launched this year. The timepiece, whose name stands for Ferdinand A. Lange's birth year, melds the characteristics of a legacy that began in the early 19thcentury with contemporary horological know-how, resulting in a fusion of the arts honed to sleek perfection.
Connoisseurs do not even need to see the "A. Lange & Söhne" signature on the dial of the 1815 Up/Down to realise that they are looking at a Lange watch. A glance at the L051.2 manufacture calibre through the sapphire-crystal caseback would suffice. Apart from the three-quarter plate, details like the hand-engraved balance cock, the classic screw balance, or the gold chatons secured by thermally blued screws are ample evidence. Decorated with solarisation, the winding mechanism wheels are reminiscent of the finissage that once graced high-end pocket watch calibres. The following images afford a closer look at some traditional Lange hallmark parts…Read More
STAAH completes XML connectivity with Cleartrip
Cleartrip, one of India’s leading online travel agents and STAAH (automated online distribution and channel management specialist), have successfully established a two-way XML integration for seamless online booking connectivity. This development will improve the performance of communication between the two systems and provide hotels the facility for all the updates to be instantly reflected on Cleartrip. The hotels can also process rate and inventory updates through the XML interface transferring data in real-time helping them control pricing strategies and optimize revenue