Finally, I have figured out a Google alert to supplement the manual reading efforts into compiling Modern retail news in the country and the world :).
Consequently, I will try and update the news pieces once a week henceforth.
This week’s last few pieces make for interesting reading.
A summary of the Nielsen report on Modern retail growth across cities points out how the smaller towns are showing high growths for the channel – and cites how Hypercity has got this model right. Read it here for details.
The other article appears in The Financial Express, and mentions how Hypercity is likely to turn cash positive later than expected. Both pieces highlight different dimensions of India’s modern retail growth story, and give a sense of how it is expected to unfold.
The nugget of information gleaned from this article is how the chain has brought down the contribution of the FMCG category to business, and is now looking to increase the share of apparel in order to drive profits.
It is ,indeed, ironic to contrast this with this report from HT that talks about Future Group’s sale of the Pantaloon’s business to the AV Birla Group – since apparel / fashion was the first successful money spinner for Mr Biyani, which propelled him on to becoming India’s retail tsar. Such has been the turn of events since then, that Mr Biyani has eventually sold it off to reduce the burgeoning debt column on the group’s balance sheet.
Hope you enjoyed reading, and do comment on what you liked / disliked.
That’s it for now. Have a great week ahead !
Consequently, I will try and update the news pieces once a week henceforth.
This week’s last few pieces make for interesting reading.
A summary of the Nielsen report on Modern retail growth across cities points out how the smaller towns are showing high growths for the channel – and cites how Hypercity has got this model right. Read it here for details.
The other article appears in The Financial Express, and mentions how Hypercity is likely to turn cash positive later than expected. Both pieces highlight different dimensions of India’s modern retail growth story, and give a sense of how it is expected to unfold.
The nugget of information gleaned from this article is how the chain has brought down the contribution of the FMCG category to business, and is now looking to increase the share of apparel in order to drive profits.
It is ,indeed, ironic to contrast this with this report from HT that talks about Future Group’s sale of the Pantaloon’s business to the AV Birla Group – since apparel / fashion was the first successful money spinner for Mr Biyani, which propelled him on to becoming India’s retail tsar. Such has been the turn of events since then, that Mr Biyani has eventually sold it off to reduce the burgeoning debt column on the group’s balance sheet.
Hope you enjoyed reading, and do comment on what you liked / disliked.
That’s it for now. Have a great week ahead !