The luxury sector in India was worth 4.76 billion dollars in 2009, 5.8 billion dollars in 2010 and is pegged at a whopping 14.7 billion dollars in 2015, according to A.T. Kearney report. In 2012 itself, luxury sector in India is set to see a growth of 25 percent.
» continue reading
Mystery shopping has been around in India for almost a decade now. For the uninitiated, it is a method of market research used by corporates or smaller businesses as a metric for the quality of their products and services, usually within the retail sector. Mystery shopping is also used
» continue reading
India is a unique country that has ability of surprising foreigner on pretty much every step. Indian retail sector is noticeably different compared to the one in Europe. While living in India, I was pleasantly surprised of how efficient kirana stores really are. Although usually not impressive in size,
» continue reading
Amazon.com, world’s largest retailer today received Indian Government’s FDI approval to set up its logistics operation for “soon to be launched” online marketplace. In December, Amazon had applied for the same with Indian authorities and in just over a month it has been approved in Foreign Investment Promotion Board
» continue reading
In what could be termed as first of its kind – Nokia has partnered with Indiatimes shopping to bring consumers a direct manufacturer to consumer online store for selling mobile phones called NokiaShop. But, apart from being a direct manufacturer shop, there seems to be nothing exciting about Nokia
» continue reading
Unlike Multi-brand Retail, which faced stiff resistance, Single Brand Retail Foreign Direct Investment (FDI) seems to have been approved without a hitch! Indian Ministry of Commerce & Industry has just released a notification announcing approval for 100% FDI (Foreign Direct Investment) in Single Brand Retail. Earlier, only 51% foreign
» continue reading
Well though their is no denying facts that FDI in Retail will benefit everyone, but if tomorrow Wal-Mart comes into Indian direct retailing, will it succeed? Let us not forget that Wal-Mart is already in India in JV with Bharti in Cash and Carry business (wholesale). The present Joint
» continue reading
News on opening up of multi-brand retail segment to foreign chains is all over the place in today’s morning newspapers. Still, I would like to address a few important points over here for the benefit of our readers as to the fine print of FDI clearance in the sector
» continue reading
Dunkin Donuts – The coffee and baked foods giant headquartered at Massachusetts, USA is all set to be the next international food and beverages giant to enter India. Along with the usual coffees it offers, Dunkin has a stronghold over baked products like Muffins, Donuts, Pastries, Brownies etc. And
» continue reading
If the recent foray of premium luxury brands into Indian retail sector is any guide, then the average Indian, after shunning foreign luxury brands for decades and sticking loyally to home-grown products, is finally warming up to luxury brands. The luxury market has picked up quite a pace; according
» continue reading
