India Archives - Inside Retail Asia
Chicken Cottage starts expansion
Chicken Cottage has opened its second outlet in Malaysia, in Taman Tun Dr Ismail (TTDI), taking its total to 90 stores worldwide.
Acne Studios launching 48-hour online pop-up
Acne Studios is launching a 48-hour online pop-up store offering curated classics.
Acne Studios launching 48-hour online pop-up
Acne Studios is launching a 48-hour online pop-up store offering curated classics.
Asia dominates global mall development pipeline
Asian cities dominate the top 10 cities in the global mall development pipeline, according to the latest report of commercial real-estate services firm CBRE.
Asia dominates global mall development pipeline
Asian cities dominate the top 10 cities in the global mall development pipeline, according to the latest report of commercial real-estate services firm CBRE.
Clarks steps up in Asia
British footwear brand Clarks says it sees Asia Pacific growth as a “a key strategic focus” for the company. The 190 year old, £1.5 billion business, plans to open 100 stores in the region in the next 12 months. “As we celebrate a significant birthday, we are as nimble and entrepreneurial as ever and poised for growth,” said Nancy Huang, president of Clarks Asia Pacific. “We see great future potential for further expansion and are excited about the possibilities.” Clar…
Indian giant posts solid growth
Indian retail group Shoppers Stop has reported solid growth as it continues to gradually expand its retail store network. The company reported a gross retail turnover of Rs.844.77 crore for the quarter to December 31, compared with Rs.787.49 crore in the corresponding period last year. Net Profit for the quarter stood at Rs.13.77 crore. (A conversion to USD was not available at the time of going to press). Shoppers Stop operates 321 stores in all – large format department stores, hyperstor…
Pure Gold plans Indian focus
Dubai-based jeweller Pure Gold Group plans to invest US$150 million on store roll-outs and expanding manufacturing facilities in India. Middle and upper class Indians love gold – to the point India’s government places restrictions on imports into the country to prevent cash outflow. As the per capita income of India’s population grows, more and more people are entering the middle class and see gold as both a status symbol and a safe investment. Pure Gold Group currently has 25 jewel…
Indian retail giant plans bank
One of India’s largest retail conglomerates has applied for a banking licence. Future Group said in a statement it has lodged an application for a Payments Bank Licence with the Reserve Bank of India through its founder, Kishore Biyani. “The group proposes, subject to the grant of the license and the other regulatory approvals, to name the entity, NuFuture Payments Bank. The proposed Payments Bank will work towards extending the Reserve Bank of India’s mandate of financial inclusion …
Asics to go it alone in India
Japanese sportswear brand Asics has received Indian government approval to operate as a single brand retailer. As a result, the company will end its exclusive distribution arrangement with Indian retail powerhouse Reliance Retail and appoint its own retail partners. However, it said Reliance would be its preferred retail partner, demonstrating the companies remain on good terms. The company has already formed an Indian subsidiary Asics India Pvt Ltd. “We have an exclusive distribution a…
Google shopping fest debuts in Singapore
Google is expanding its Great Online Shopping Festival from India to Singapore, from today through Wednesday. The online event, loosely modelled on the famous US Cyber Monday, allows global apparel brands such as adidas and Uniqlo and travel retailers like Agoda, Hotels.com and Airbnb to make the most of Singapore’s high penetration of broadband internet. Just like Cyber Monday or Singles Day in China, the Google project encourages companies to offer discounts for products and services a…
Changi retail again tops $2 billion
Singapore’s Changi Airport says sales at retail outlets across its terminals topped S$2 billion in 2014, despite a slump in passenger numbers inbound from China. It’s the second year in a row the $2 billion barrier was breached – Its 2013 growth represented a nine per cent increase on 2012, but the percentage growth was not revealed this year, suggesting a stable result. The strength of the airport’s retail business – in part a consequence of the airport’s careful positioning as a …