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Tag: New Delhi

  • The Beer Café’s 40th outlet at Delhi with new concept

    The Beer Café’s 40th outlet at Delhi with new concept

    The Beer Café, India’s largest alco-beverage chain, has opened its 40th outlet at Delhi’s Aerocity. Enhancing the beering experience for its patrons, this brand-new outlet is the only place in the city to offer a whopping 16 varieties of the fresh and delicious ale on tap. With a food menu that perfectly complements the golden brew and an energetic and lively ambience that is a hallmark of the brand, The Beer Café is definitely the new must-visit spot for beer lovers in Delhi/NCR.

    Aerocity is fast emerging as one of the most posh and upmarket locales in the Delhi-NCR region. Not only has it become the hub for some of the most vibrant F&B brands in the city, it is also a hotspot for a variety of lifestyle and cultural events. Further, its easy connectivity to the airport and other bustling locations in the city such as Gurgaon, Vasant Kunj and Dwarka made Aerocity the perfect choice for the newest The Beer Café in the capital.

    The brand has been a pioneer of casual, inviting, neighborhood hangout spaces in India. The innovations in providing superior consumer experiences have played a key role in establishing its domain leadership in India.

    With this 40th outlet that serves more beers on tap than any other bar or hangout space in the city, The Beer Café has elevated the benchmark for social drinking experiences in the city yet again.

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  • Indian retail drew Rs 1,300 crore investment in 2018

    Indian retail drew Rs 1,300 crore investment in 2018

    The hallmark of a market’s increasing maturity is how organized it is – and in any developing country, the state of ‘organized’ business is usually kick-started by the entry of foreign players who bring in structured deployment and business philosophies wherever they go. This philosophy of organized retail players covers a lot of ground, from the aptness of locations to size and visibility of a mall or high street, from store sizes to layouts, tech enablements and promotion parameters, and from pricing to financial accountability. The arrival of foreign brands forces domestic brands to up their game, as well. This is exactly what is happening in Indian retail, and what ‘getting organized’ is all about.

    By definition, organized retailing essentially refers to any trading activity conducted by licensed retailers from modern retail formats such as hypermarkets, supermarkets or departmental stores. Organized retail formats can exist either as stand-alone shops or occupy space in a mall. Unorganized retailing, which is what all developing nations start out with, are usually family-run neighbourhood shops (referred as ‘kirana’ shops in India) and in open markets.

    Bringing organized flavour into a previously disorganized market first disruption, then gradual acceptance and emulation, and finally prosperity to all stakeholders and immeasurable benefits to customers. Getting organized has certainly benefited Indian retail, causing massive growth spurts.

    Growth of Organized Retail

    From a mere 9 percent share in 2017, the organized retail market in India is gearing up for a significant 20-25 percent growth jump across the top 7 cities. By 2020, organized retail will have captured approximately 19 percent of overall market share. The fact that it accounted for only 4 percent just 10 years ago tells its own story. Indian retail is coming of age.

    The growth of organized retail obviously involves organized retail real estate – especially modern, well-researched and fully-equipped malls in the right locations – and organized mall space is definitely proliferating across India.

    As per ANAROCK data:

    – Around 39 mn sq. ft. of organized retail space is slated to hit the market between 2019-2022
    – Out of this supply, approximately 71 percent is in metros and Tier 1 cities and the remaining 29 percent in Tier 2 & 3 cities

    Ahmedabad, Bhubaneshwar, Ranchi, Kochi, Lucknow, Surat and Amritsar, among others, are the new stages where the next chapters of the Indian organized retail saga will play out. Global retailers are now also eyeing cities like Chandigarh, Lucknow and Jaipur, to name a few.

    As they catch this growth wave, mall developers and big-banner brands have grasped the utmost importance of providing a metropolitan-grade shopping experience to customers in these smaller cities. This is hardly surprising.

    In these cities, customers’ shopping options were previously limited to whatever was available locally. Today, they are being aggressively wooed by hyper-capitalized e-commerce giants who sensed the latent opportunity in Tier 2 and Tier 3 long before brick-and-mortar retail did.

    To counter this onslaught, albeit belatedly, retailers whose business model is largely based on physical retail are prevailing on mall developers to build metro-grade shopping centres in areas they had never considered before.

    Policy Impetus Fuels Growth

    Foreign retailers, to whom India owes most of its turbo-charged growth in organized retail, took their time to view India as worthy of their attention. For the longest time, this country was an unattractive destination for them, largely because of regressive Government policies.

    All this changed when the Government decided to give a major impetus to the retail industry. By liberalizing its hitherto restrictive FDI policies, it repositioned Indian retail and finally put it on the global map. Consequently, global retailers and foreign investments made a beeline for the Indian retail industry. The decision to allow 51 percent FDI in multi-brand retail and 100 percent FDI in single-brand retail under the automatic route has caused global retail giants like Walmart and IKEA to foray into India.

    Thereafter, the rebooted regulatory environment post DeMo, RERA and GST implementation put even more wind into organized retail’s sails and allowed organized players to race ahead of the unorganized sector.

    Investments Surge

    The Indian retail sector has attracted cumulative investments of more than Rs 5,500 crore between 2015-2018, and close to Rs 1,300 crore in 2018 alone. This made 2018 one of the best years ever for the Indian retail sector, and the momentum is eminently sustainable. The increasing involvement of foreign and private players in India’s retail infrastructure indicates long-term growth potential for organized retail in the country.

    The growth of organized retail is also evident in the stock prices of listed retail firms, which were major wealth generators for investors in 2018. If we check the performance of these stocks on the basis of their 52-weeks high and low, some very interesting data emerges:

    Untapped Potential

    The fact that despite this growth, 91% of India’s retail market still remains unorganised underscores the huge latent potential that remains to be explored by organised players. Despite the deliriously positive numbers, organized retail in India is nowhere close to the level in more developed countries. For instance, in the US, 85 percent of the overall retail market is organized.

    Advantage Brick-and-mortar in 2019?

    The most recent policy developments will give physical organized retail a leg up in its fierce battle with e-commerce. The Government is pushing a new e-commerce policy from February 2019 wherein the concept of ‘exclusivity’ will no longer hold good. This means that online retail players will scramble to grab a larger pie of the offline market, so physical stores will get the upper hand.

    2019 will hopefully be the year in which the Government embarks on the next stage of ushering more unorganized retail into organized formats – thereby making Indian retail a worthy contender as a global grade market.

  • Pandora opens fifth concept store at New Delhi Terminal 1D

    Pandora opens fifth concept store at New Delhi Terminal 1D

    Pandora has recently opened its fifth store at New Delhi Terminal 1D. This will be the third store opening in 2018 for Pandora. The brand launched its first store at DLF Mall of India, Noida in April 2017, followed by Select Citywalk in September 2017, DLF Promenade in April 2018 and Galleria Market Gurgaon in June 2018.

    The contemporary and aesthetically designed concept store is located on the ground floor of the domestic airport in the departure holding area of Terminal 1D, New Delhi. The new store carries the entire Pandora jewellery collection available worldwide, including the moments collection, the essence collection, Pandora Rose collection; the all-new 18k gold plated sterling silver-Pandora shine collection.

    Pandora has always encouraged women to empower themselves by celebrating their achievements. These collections are designed to capture life’s unforgettable moments at affordable prices.

    Speaking on the opening, Kanika Bakshi Talwar and Devika Bakshi, Managing Director, say, “We are proud to enter a different format of a concept store, our first in any airport in the country. This store will cater to a large variety of domestic shoppers outside of Delhi NCR and spread the excitement across various cities. Accessibility to our products would be easier now for travelers and we hope to expand further and provide an opportunity for all Indian consumers to acquire their Pandora products in the near future.”

    The Terminal 1D store is a medium size concept store, with all collections available in-store, and is aesthetically designed to give customers ample browsing space to make their shopping experience very comfortable in-transit.

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  • Original Ice Creams to expand to new cities in India

    Original Ice Creams to expand to new cities in India

    Delhi based ice-cream start-up Original Ice Creams founded by ex- defence personnel Vinay Gaur has announced robust business expansion plan and growth strategies. Original Ice Creams, a newly launched ice cream start-up had started its operations in the early months of the year 2018 and in July, 2018 got a funding of Rs 30 million from Maverick Group. The company is now deepening its presence in most of the parts of Delhi NCR. Their newly launched outlets are set up at Indirapuram Laxmi Nagar, V3S Mall, Nirman Vihar, Laxmi Nagar, Shahdara, and Noida Sector 137 in Delhi NCR.

    Catching pace with the ice cream market, Original Ice Creams are extensively focusing on deploying a state-of-the-art ice cream technology which would allow its products to be softer and creamier than other competitor ice cream brands. Also, to make their consumers familiar with the brand this ice cream start-up is planning to come up with all possible formats to grow its brand presence and visibility in the market. For achieving this, they are tailoring in insights such as growing their presence and existence through the combination of traditional and modern selling methods by setting up various retail counters, exclusive ice cream parlors and numerous push carts as well.

    Original Ice Creams while aiming to cement as India’s highest retail seller of pure and authentic fruit flavored ice cream is taking effective and efficient steps to make Original Ice Creams soon diversify to many more cities of India – enabling the brand familiarity and growth. The brand is also focusing to help people make better food choices that satiate their sweet tooth in the healthiest, tastiest and most nutritious manner.

    Vinay Gaur, Founder Original Ice Creams said,“ With an enticing selection of flavors to choose from, Original Ice Creams is eyeing to grab most of the Northern and Western part on the country covering Uttar Pradesh, Lucknow, Haryana, Rajasthan by the end of financial year 2018-2019. The ice cream brand is focusing to tap all the formats in these targeted regions as well. We are looking for new ways to take forward our business by launching our umbrella of franchising in different parts of the targeted market segment.

    “Each of our outlet turned out to be profitable within 45-60 days of its establishment. Apart from 4 running outlets, we are planning to add 10 more before Diwali. Moreover, each of our outlets saw a growth of 100 percent monthly and we are able to achieve breakeven within 2 months of setup itself. The first round of funding which we had received in July month we have utilized that in our expansion to NCR and soon we are planning to invest in freezers, brand building and visibility and for opening outlets in other cities of north India,” stated Gaur.

    Additionally, Original Ice Creams will soon let customers enjoy milkshakes with fresh fruit pieces.

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  • Parag Milk eyes 10 pc market share in fresh milk in Delhi India

    Parag Milk eyes 10 pc market share in fresh milk in Delhi India

    Parag Milk Foods, which on Tuesday launched the fresh milk category, is targeting a 10 percent market share in Delhi-NCR from this segment in the current fiscal year, a top executive said.

    According to a report: The fresh milk category will be under the company’s Gowardhan brand.

    “We are planning to expand our footprint in the Delhi and NCR region in the fresh milk category. We are targeting a 10 per cent market share in the region in the fresh milk segment in the next eight months (August-March),” Devendra Shah, Chairman, Parag Milk Foods said.

    The company today also commenced commercial operations of its Sonepat plant, which it bought from Danone in April.

    Shah said the company plans to reach out to the regions within 250-300 km of the Sonipat plant.

    The fresh milk market in Delhi-NCR is close to Rs 1,000 crore, according to him.

    “North is one of the key priority markets for us. Dairy products consumption is the highest in this region and this expansion will allow us to allow cow’s milk reach Delhi-NCR and neighbouring regions,” Shah said, adding that currently, 90 percent of the fresh milk supply in the region is buffalo milk.

    Further, he said, the Sonepat facility has a processing capacity of one lakh litre per day and depending on the demand the company can increase it up to three lakh litre, going forward.

    “We expect to reach full capacity of three lakh litre by the end of this financial year,” Shah said.

    In the coming weeks, besides fresh milk, this facility will also manufacture products including flavoured milk, butter milk, lassi, among others.

    “We will begin to supply these products to the north and east markets from our Sonipat plant soon,” he was further quoted as saying.

    Parag Milk Foods, established in 1992, is a private dairy FMCG company with pan-India presence.

    It has its manufacturing facilities at Manchar in Maharashtra and Palamner in Andhra Pradesh.

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  • Onitsuka Tiger Delhi store opens door

    Onitsuka Tiger Delhi store opens door

    Japanese luxury sneaker brand Onitsuka Tiger has opened its third store in India, expanding its footprint to Delhi.

    The debut Onitsuka Tiger Delhi store is located in the Select Citywalk shopping centre, which hosts more than 80 luxury brands, this is Onitsuka Tiger’s third store in India. It has opened previous outlets in Mumbai and Chandigarh.

    Select Citywalk executive director and CEO Yogeshwar Sharma said Select Citywalk has always been at the forefront of retail experience keeping pace with the changing priorities in the retail landscape… “With the Onitsuka Tiger Delhi launch, Select Citywalk brings the deep-rooted heritage and craftsmanship of Japan mixed with modern flair, for the people of Delhi.”

    The Onitsuka Tiger Delhi launch was attended by popular Bollywood actor Tiger Shroff.

    Onitsuka Tiger, launched in 1949, is the original brand name of Asics, which was revived as a luxury brand spurning an independent retail network about a decade ago.

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  • Fashion Designer Mithi Kalra, launches Punjab inspired collection

    Fashion Designer Mithi Kalra, launches Punjab inspired collection

    After making her debut at India Runway Week, celebrity designer Mithi Kalra is all set to launch a Punjab inspired collection.

    Titled ‘Barkat Punjab’ the collection is celebrating the moods of a girl from Punjab who wishes to look traditional as well as contemporary.

    The new Indian bride has stepped out of the tradional way of dressing and has adopted comfortable as well as contemporary look.

    According to Mithi Kalra,”I am a Punjabi and so I took inspiration from my own culture. I have used shades from the smokey palette like black, grey, silver and at the same time have used bright colours like yellow, coral and blue, as my collection is for the people from all walks of life”

    The fabrics used in the bridal collection were silk velvets and nets blended with dabka and mirrors.

    Every bride needs a couple of those pieces in her trousseau which comes handy when she has to mix and match be it with a kurta or anarkali or just a chiffon saree draped over a legging.

    Today, bridal wear has a vast spectrum, it not only includes those heavily embroidered lehengas and embellished sarees but it has a good mix of Rich Anarkalis with Ethnic Skirts, subtle yet rich Crop Tops with Lehengas paired with beautiful capes.

     

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  • Ted Baker opening first Indian store in New Delhi

    Ted Baker opening first Indian store in New Delhi

    Ted Baker India is about to launch its first store for India, in the Chanakya Mall in New Delhi.

    Menswear, womenswear and accessory collections will feature in the UK clothing retailer’s 1600sqft (149sqm) store.

    All Ted’s store interiors are bespoke to their location, with the New Delhi outlet featuring rich jewel tones reflecting traditional Indian dress with inspiration drawn from the Crown Jewels for a British twist.

    A timber floor featuring a diamond formation welcomes guests to the space, while the ornate ceiling features three-dimensional diamond shapes of brushed and polished brass. The fitting rooms have intricate printed wallpaper and are upholstered in regal purple with gold trim, plus the walls feature hanging jewel pendants.

    Props referencing the British monarchy are displayed in ornate frames throughout the store, such as red-oak timber-topped tables with gold stylised legs.

    Ted Baker’s entry into India is a JV with Aditya Birla Fashion and Retail, which started its international brand portfolio a decade ago with The Collective.

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  • Muji opens first store in New Delhi

    Muji opens first store in New Delhi

    Fashion and lifestyle retailer Muji has opened its debut store in New Delhi, as the Japanese firm looks to increase its retail footprint in India.

    Located in the Indian capital’s Select Citywalk mall, the maiden Muji store follows successful store openings in Bengalaru and Mumbai in 2016

    Satoru Matsuzaki, president of Ryohin Keikaku, Muji’s parent company, attended the New Delhi opening, and praised Muji’s success in India, after opening two hit stores in the nation back in August and September, respectively.

    “After a tremendous response in Bengaluru and Mumbai, we are very excited to begin a new chapter of our Indian story with the launch of this store,” said Matsuzaki.

    In April 2016, Ryohin Keikaku announced it had entered into a joint venture with Reliance Brands for the distribution of Muji in India. Ryohin Keikaku also announced that it had become the first-ever Japanese retailer to receive individual approval for Foreign Direct Investment from the Indian government’s Foreign Investment Promotion Board.

    However, India’s domestic regulations do not permit Reliance to open formats like Muji cafes locally.

    At the New Delhi opening, Reliance Brands, president and CEO, Darshan Mehta said: “Muji’s unparalleled brand offering, both in terms of use and price appeal, is sure to attract consumers across age groups and mind sets, making it the go-destination store.”

    Based in Tokyo, Ryohin Keikaku Co founded Muji in 1980. The Japanese brand offers an extensive range of furniture, homeware, stationery, electronics, travel goods, beauty products and apparel and maintains low price-points by cutting costs in its packaging and processing, adding to the appeal of its minimalist aesthetic.

    Today, Muji boasts more than 700 stores worldwide, 13 of which are in the US. It plans to increase its shop count to 800, mostly by opening stores outside of Japan. Muji has already said it plans an aggressive expansion in China, where it will add 72 stores in the next year.

    According to the company’s midterm business plan, revealed in April, overseas stores’ contribution to total sales is expected to rise to 42% in 2020, from 35% today.

    Earnings released at the same time showed strong momentum, with group net profit growing 18.9% on the year to 25.8 billion yen ($235 million), and sales rising 8.3% to 332.5 billion yen.

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  • 2,000+ Buyers Visit First HKTDC Lifestyle Expo in New Delhi

    2,000+ Buyers Visit First HKTDC Lifestyle Expo in New Delhi

    The inaugural HKTDC Lifestyle Expo in New Delhi welcomed more than 2,000 trade buyers during its two-day run on 19 and 20 December 2016, as 120 Hong Kong and mainland companies showcased a range of trendy, high-quality products, reaffirming Hong Kong’s position as Asia’s lifestyle trendsetter and “super-connector” in business.

    Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development Bureau (TDB) of the Ministry of Commerce of the People’s Republic of China, the expo took place at The Lalit New Delhi.

    Apart from bringing a slice of Hong Kong lifestyle to India, the event also helped develop stronger bilateral trade relations between India and the Chinese mainland.

    The Opening Ceremony was officiated by LC Goyal, Chairman and Managing Director, India Trade Promotion Orgnisation, Stephen Liang, Assistant Executive Director, HKTDC, Jin Hong, Deputy Director-General, Trade Development Bureau, Ministry of Commerce, The People’s Republic of China, and Li Bai Jun, Commercial Counsellor, Economic Counsellor’s office of the Embassy of the People’s Republic of China in the Republic of India.

    Bridging India and China

    “We have very big hopes for the future of trade links between India and China, with Hong Kong serving as a ‘super-connector’ between two of the world’s most populous and fastest-growing large economies,” said Mr Liang.

    “India and China are two of the fastest-growing large economies on earth, with the IMF (International Monetary Fund) predicting GDP growth of 7.6 per cent and 6.2 per cent respectively in 2017. Together, they have a combined population of some 2.7 billion potential consumers,” he added.

    Individual buyers and buying missions came from New Delhi and other cities and regions including Mumbai, Chandigarh, Gujarat, Haryana, Jharkhand, Maharashtra and Punjab.

    At the Lifestyle Expo, the exhibitors paraded a variety of modern, high-calibre products including consumer electronics and ICT, gifts and premium, household products and electrical appliances, fashion and accessories and watches and clocks. The expo also featured trade-related services.

    These attracted buyers from different sectors, including importers, distributors, mass retailers, mail-order houses, department stores and specialised stores.

    Getting Connected

    The HKTDC arranged more than 1,600 one-to-one business matching meetings and various networking events during the expo to further connect Hong Kong and Chinese mainland suppliers with buyers.

    A brand new “Live Chat” service was offered at the Thematic Showcase Display zone, where staff connected buyers to off-site exhibitors via WhatsApp for real-time discussion of potential deals.

    The expo also featured the popular hktdc.com Small Orders showcase spotlighting 150 products available for orders in quantities of between five and 1,000 units. This allowed buyers to place small orders to test the market while minimising their risks. It also leveraged the growing trend of e-tailing that is changing the face of international trade.

    Business leads

    Exhibitors reported positive results from their participation in the event. Andy Lee, Managing Director of Hong Kong houseware supplier Star Express Asia Ltd. said he was happy with the quality of the Indian buyers. The company received about 25 serious enquiries, including a potential customer he had established contact with through the HKTDC Showcase Display at the China Products (Mumbai India) Exhibition 2016.

    Hong Kong LED lighting supplier Celex LED Technology Ltd Business Development Director Andrew Tsang said he was satisfied with the results, having been approached by “very good” Indian buyers including a lighting contractor and LED lighting distributors from Mumbai and New Delhi.

    Hong Kong online marketing services promoter CG Marketing Co Ltd, was keen to find local partners, and the company received more than 30 enquiries from various sectors, including online marketing, travel, toys and electronics products.

    The inaugural HKTDC Lifestyle Expo in New Delhi welcomed more than 2,000 trade buyers during its two-day run on 19 and 20 December 2016, as 120 Hong Kong and mainland companies showcased a range of trendy, high-quality products, reaffirming Hong Kong’s position as Asia’s lifestyle trendsetter and “super-connector” in business.

    Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development Bureau (TDB) of the Ministry of Commerce of the People’s Republic of China, the expo took place at The Lalit New Delhi.

    Apart from bringing a slice of Hong Kong lifestyle to India, the event also helped develop stronger bilateral trade relations between India and the Chinese mainland.

    The Opening Ceremony was officiated by LC Goyal, Chairman and Managing Director, India Trade Promotion Orgnisation, Stephen Liang, Assistant Executive Director, HKTDC, Jin Hong, Deputy Director-General, Trade Development Bureau, Ministry of Commerce, The People’s Republic of China, and Li Bai Jun, Commercial Counsellor, Economic Counsellor’s office of the Embassy of the People’s Republic of China in the Republic of India.

    Bridging India and China

    “We have very big hopes for the future of trade links between India and China, with Hong Kong serving as a ‘super-connector’ between two of the world’s most populous and fastest-growing large economies,” said Mr Liang.

    “India and China are two of the fastest-growing large economies on earth, with the IMF (International Monetary Fund) predicting GDP growth of 7.6 per cent and 6.2 per cent respectively in 2017. Together, they have a combined population of some 2.7 billion potential consumers,” he added.

    Individual buyers and buying missions came from New Delhi and other cities and regions including Mumbai, Chandigarh, Gujarat, Haryana, Jharkhand, Maharashtra and Punjab.

    At the Lifestyle Expo, the exhibitors paraded a variety of modern, high-calibre products including consumer electronics and ICT, gifts and premium, household products and electrical appliances, fashion and accessories and watches and clocks. The expo also featured trade-related services.

    These attracted buyers from different sectors, including importers, distributors, mass retailers, mail-order houses, department stores and specialised stores.

    Getting Connected

    The HKTDC arranged more than 1,600 one-to-one business matching meetings and various networking events during the expo to further connect Hong Kong and Chinese mainland suppliers with buyers.

    A brand new “Live Chat” service was offered at the Thematic Showcase Display zone, where staff connected buyers to off-site exhibitors via WhatsApp for real-time discussion of potential deals.

    The expo also featured the popular hktdc.com Small Orders showcase spotlighting 150 products available for orders in quantities of between five and 1,000 units. This allowed buyers to place small orders to test the market while minimising their risks. It also leveraged the growing trend of e-tailing that is changing the face of international trade.

    Business leads

    Exhibitors reported positive results from their participation in the event. Andy Lee, Managing Director of Hong Kong houseware supplier Star Express Asia Ltd. said he was happy with the quality of the Indian buyers. The company received about 25 serious enquiries, including a potential customer he had established contact with through the HKTDC Showcase Display at the China Products (Mumbai India) Exhibition 2016.

    Hong Kong LED lighting supplier Celex LED Technology Ltd Business Development Director Andrew Tsang said he was satisfied with the results, having been approached by “very good” Indian buyers including a lighting contractor and LED lighting distributors from Mumbai and New Delhi.

    Hong Kong online marketing services promoter CG Marketing Co Ltd, was keen to find local partners, and the company received more than 30 enquiries from various sectors, including online marketing, travel, toys and electronics products.

    Lifestyle trendsetter

    The Lifestyle Expo is one of the HKTDC’s signature international promotion events and has a successful track record in fostering trade between companies from Hong Kong and emerging markets worldwide including Russia, Poland, Turkey, Dubai, India and Indonesia. The Lifestyle Expo in Mumbai was successfully held in 2010.

    The Lifestyle Expo is one of the HKTDC’s signature international promotion events and has a successful track record in fostering trade between companies from Hong Kong and emerging markets worldwide including Russia, Poland, Turkey, Dubai, India and Indonesia. The Lifestyle Expo in Mumbai was successfully held in 2010.

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  • H&M India plans largest store yet

    H&M India plans largest store yet

    H&M India says it will soon open its first flagship store in the country – its largest yet.

    The new shop is under construction at the DLF Mall of India, the company said in a statement. It will comprise 37,000 sqft (3440 sqm) spanning four floors in the mall, and is expected to open in Spring.

    This year, the Swedish retailer also plans to open stores in Bengaluru, Gurgaon and Mumbai.

    H&M opened its first store in India on October 2  last year in New Delhi’s Select Citywalk mall.

    “After successful store launches last year, we continue the trend by expanding to some of the most exciting retail destinations across the country with H&M’s business concept of fashion and quality at the best price in a sustainable way.” said Janne Einola, country manager, H&M India.

    The company says it plans to open 50 stores in India after  gaining Foreign Investment Promotion Board approval to open mono brand stores in december 2013.

  • New Delhi tops list of Asia’s top cities for shopping

    New Delhi tops list of Asia’s top cities for shopping

    New Delhi has topped the list of Asia’s top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey.

    New Delhi has topped the list for the best shopping city in Asia, followed by Bangkok and Singapore, according to a survey by TripAdvisor.

    “Shopping in Asian cities can be a rich and colourful experience if you know exactly which spots to go to and how to maximise your dollar,” TripAdvisor’s Communications Director for Asia Pacific Janice Lee Fang said.

    Most cities feature top quality malls, where one can find their favourite designer shops, but there are also the night markets or street shops that sell beautiful handicraft and other local gems unique to the culture, she added.

    This ranking is based on the popularity of shopping activities in Asian cities and also includes highly-rated hotel recommendations, which are bookable on TripAdvisor, offering shoppers great value for their stay so they can save as much of their holiday budget.

    The rank of the best cities for shopping is based on the total of commercial activities for shopping, the number of commercial activities for shopping with a good score, the frequency of mention for the word shopping in the reviews relative to the destination and the average score of reviews that talk about shopping in all the languages applicable on TripAdvisor.com.

    Bangkok (Thailand) is second with its huge variety of shopping options for every lifestyle and budget, from the very high-end to street shopping, wholesale and weekend markets.

    Singapore, which ranked third in the list, is famous for its retail options across the city state, with a plethora of shopping malls that open till late.

    Other cities mentioned in the top 10 shopping destination are Beijing in China at the fourth place, followed by Hanoi in Vietnam, Tokyo in Japan, Seoul in South Korea, Kuala Lumpur in Malaysia, Kathmandu in Nepal and Jakarta in Indonesia.

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  • Asics India goes it alone

    Asics India goes it alone

    Japanese sports shoe brand Asics has opened its first company owned store in India.

    The 670 sqft outlet has opened in a shopping centre in south Delhi.

    It marks the end of a five year partnership with local conglomerate Reliance Retail.

    “We had a five-year agreement with Reliance Retail, and we did not want to renew the alliance,” Rajat Khurana, director of Asics India said in an interview.

    “The market has matured, and we have a much better understanding about the Indian sports shoes market, which is worth about $1 billion.”

    Now the brand will operate as a wholesaler, opening mono brand stores across India through franchise partners. It will manage the franchise business directly rather than partner with a local master franchisee.

    “Over the next 18 months, we will open exclusive outlets across the top 10 Indian cities, with one or two outlets in each city. Over the next three years, sales should treble,” said Khurana.

    Asics is the fourth largest sports goods manufacturer in the world and is currently sold in more than 150 countries.

    Asics branded products will continue to be available through multi-brand stores in India, including reliance Retail’s network.

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  • Muji heads to India

    Muji heads to India

    Japanese minimalist retailer Muji will open its first shops in India by the center of subsequent yr.

    Muji has sealed a cope with Reliance Industries to create an Indian operation, turning into Reliance’s 19th worldwide retail model.

    Muji’s information comes as fellow Japanese retailer Uniqlo is in discussions with potential companions to enter India.

    Famend for its unbranded, minimalist designs, Muji shops inventory items starting from attire and homewares to stationery, cosmetics and meals. About half its gross sales at the moment are furnishings and homewares.

    In some markets it operates cafes, however present laws prohibit in-store cafes in India.

    Reliance says the primary Muji shops will open in Delhi and Mumbai with footprints starting from 6000 sqft to 10,000 sqft.

    “Muji is simplicity – however simplicity achieved via a complexity of thought and design,” stated Reliance CEO and president Darshan Mehta in a press release.

    “Their merchandise are extraordinarily high-quality and have been designed to cater to the life-style of city dwellers. We’ve nice confidence that the Indian shopper will embrace the model.”

    “Worldwide enlargement is of utmost precedence for us and India is our subsequent massive Asian market with immense progress potential,” Satoru Matsuzaki, president and consultant director of Muji mum or dad Ryohin Keikaku, in an e mail interview with the Occasions of India.

    “We consider there’s a vital pool of cosmopolitan shoppers [in India] who’ve their very own sense of favor and who place product above model logos.”

    Reliance Manufacturers already companions with Diesel, Brooks Brothers, Steve Madden and Kenneth Cole, amongst others.

  • H&M to open first retailer in India this fall

    H&M to open first retailer in India this fall

    Swedish multinational retail clothes firm H&M, which is understood for providing style and high quality at the perfect worth in a sustainable approach, is all set to deliver its product vary to India by means of a flagship retailer within the capital.

    “This Fall, trend could have a model new tackle in India: From a world-class purchasing vacation spot to sustainable and high quality trend choices at one of the best worth, we’re excited to current the entire H&M expertise to our Indian clients,” Janne Einola, nation supervisor – India, H&M Hennes & Mauritz Retail Pvt. Ltd., stated in a press release.

    The 25,000 sq. ft. H&M retailer might be situated d within the Choose Citywalk mall in south Delhi’s Saket space.

    Providing style for ladies, males, youngsters and youngsters, the shop will current a wide array of newest developments, timeless classics and inspirations for patrons to create their private fashion.

    The H&M Group has over three,600 shops in 58 markets worldwide and sees the potential to open 50 shops in India over the subsequent few years.

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