news presentation 18 oct 13

7/27/2019 News Presentation 18 Oct 13

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Abhishek Nathan (202043)

Prateek Gautam (202063)

Ramendra Goel (202067)18th October'13


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Finally, Apple seems to have diverted its attention towards the Indianmarket and plans to set up 100 exclusive standalone stores under the

franchisee model in Tier-II and Tier-III Indian cities.

Apple is looking forward to a rapid growth in the country. The obvious

reason could be the growing popularity of its arch-rival Samsung and other

Smartphone makers.

A senior retail executive has disclosed that it could be a challenge to set

up Apple stores in smaller towns, especially considering the stringent

standards for such outlets.

It should be noted that Apple does not have a single "Apple Store" in India.

The decision to include smaller towns in the companys strategy instead of

launching an exclusive store suggests that Apple is once again betting on

the reseller network to continue pushing sales in Tier-II cities.

Apple plans 100 standalone stores and store-in-

stores for smaller cities in India

Date of News : 7thOctob er ' 13, Source: The Econ om ic Times, Naina Kh edkar


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Date of News : 8thOctob er ' 13, Source: Bus iness Standard, Nayanima Basu

DIPP is learnt to have given its approval to Hennes & Mauritz ABs Rs 700-crore investment proposal, almost six months after the Swedish clothing

giant made an application.

FIPB, under the chairmanship of Economic Affairs Secretary Arvind

Mayaram, is likely to consider the proposal at its meeting on October 18.

Once FIPB gives its final approval, H&M will be allowed to open in thecountry the 50 stores it had proposed to set up.

H&M, famous for its bold prints and fast-fashion clothing, had sent its

application to DIPP in April, after which the latter had raised several

questions on whether the company would be able to strictly adhere to thesourcing norms, in line with the FDI policy for single-brand retail.

Endorsed by the likes of super-model Gisele Bundchen and footballer

David Beckham, H&M will invest euro 100 million in the first phase through

its wholly-owned subsidiary.

H&M's Rs 700-cr FDI proposal gets DIPP green

signal


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Date of News : 9thOctob er ' 13, Source: Times of Ind ia

Bharti Enterprises and U.S. retail giant Wal-mart, on Wednesday,announced the termination of their joint venture, ending a six-year

relationship that was marked by troubled times in the last few months.

In a joint statement, the two companies said they have reached an

agreement to independently own and operate separate business formats in

India, and discontinue their franchise agreement in the retail business.

The U.S. retail major will now buy out its Indian partner in their 50:50 cash-

and-carry joint venture, Bharti Wal-mart, which runs 20 wholesale stores

under the Best Price Modern Wholesale brand in India.

Bharti will continue to run the Easy Day retail stores on its own.

In a statement, Bharti Enterprises Managing Director Rajan Bharti Mittal

said Bharti would continue to invest in Bharti Retail across all formats.

We have a strong platform to significantly grow the business,

Wal-Mart, Bharti announce divorce, to go separate

ways in retail biz


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Likely reasons for the split:

Retail business required deep pockets: under a debt of $12 billion, 14thconsecutive quarter of declining profits.

Low margins, high costs:The Bharti Wal-mart wholesale joint venture

(unlisted) lost Rs. 277 crore in 2011.

Policy uncertainty:The general elections in India are due by May 2014and there are concerns that a BJP-led government could reverse thecontroversial retail reform.

Bribery scandal: In November, Bharti Wal-mart suspended employeesincluding the chief financial officer as part of an internal investigation intobribery allegations in India.

Wal-Mart, Bharti announce divorce, to go separate

ways in retail biz

Date of News : 9thOctob er ' 13, Source: Times of Ind ia


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Date of News: 10thOctob er ' 13, Source: The Econom ic Times, Jayashree Bhosale

Taaza Plaza ,a unique 'retail store on wheels' concept was launched inMumbai.

A Public Private Partnership (PPP) between Star Agriwarehousing &

Collateral Management along with Fuzion and the Maharashtra State

Agriculture Marketing Board (MSAMB).

Built on the model of sourcing directly from farmer groups across agri-

states and making fresh produce available to the end consumer by

bypassing intermediaries.

Each state-of-the-art van is designed keeping in mind Indian weatherconditions where vegetables, fruits and other FMCG products are stored in

a smart climate controlled mobile environment. The "retail on wheels"

shops visit housing societies and similar busy intersections where

common people like homemakers can buy their daily produce. Plan is to

launch a total of over 250 Taaza Plaza vans across the state in next 2 years.

Retail store on wheels 'Taaza Plaza' launched in

Maharashtra


7/8Date of News: 11thOctob er ' 13, Source: The Econom ic Times, Dilasha Seth

Now that Wal-mart has made it clear that it is not entering the Indian retailspace immediately, the government looks up to British retailer Tesco to

become the first foreign supermarket chain to open shop in the country.

"Tesco seems to be considering entering the multi-brand retail space, but

not Carrefour," a senior official at the department of industrial policy and

promotion (DIPP) said. "Tatas keep coming and meeting us. Talks areprogressing so we are hopeful that they will invest," the official added.

Tesco has a sourcing and technological partnership with the Tata Group's

Star Bazaar hypermarket chain and plans to carry forward the partnership

to front-end retail as well.

A Tesco spokesperson told ET, "We are excited about the India opportunity

and await policy clarity before we can take further decisions on the

matter."

After Wal-mart setback, government pins hope on

Tesco to open shop in India


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news presentation 18 oct 13

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