Future Retail (student zone)

25/12/2012

merry christmas

16/04/2012

Jobs increasing in retail industry: Recruitment index
TimesJobs.com Bureau

The Retail industry registered 5% growth in the demand index during March'12, highlights TimesJobs.com recruitment index, RecruiteX. The index has moved from 106 in February'12 to 113 in March'12. Whereas, other key industries including high-volume sectors such as IT/Telecom, BFSI and ITeS failed to maintain encouraging hiring momentum. "Retail sector always lend a piece of itself to create employment opportunities across levels and locations.
By 2018, the total worth of the industry will rise to $520 billion combining organised and unorganised sector", stated Riju Vashisht, Executive Vice President-Human Resources, Bharti-Walmart in an interaction with TJinsite, research and knowledge arm of TimesJobs.com.

There is a huge demand of store associates and assistants in the sector, claimed Vashisht. To fill these positions, companies are on a look-out for resources that can assist and interact with customers, and should able to maintain stock records in the store.

In RecruiteX Quarterly Report, Kumar Rajagopalan, CEO, Retailers Association of India told that opportunities in front-end operations, accounts & finance, logistics and customer servicing will soar, in coming months. Jobs in merchandising function will significantly rise. In his view, the demand will be driven by expansion plans laid by retail companies in existing and new locations. He also added that employers are also exploring and hiring candidates from cross-industry verticals to maintain high-quality standards.

Commenting on skills required to excel in the challenging and competitive environment of the industry, she said, "More than any educational qualification or prior experience, retail companies are eyeing for candidates equipped with problem-solving approach and should be a team player. He/she should be able to manage group of people and connect with associates". Hence it is important to recruit resources, with an attitude to service customers and people-oriented. And, there is no pre-qualification for this ability.

Elaborating on average salary remuneration Vashisht mentioned, "This is a sector where a candidate can aspire to become a CEO without a fancy MBA degree in hand. Salary packages are decided basis on candidate's skill-set and attitude." The fact is also corroborated by a research conducted by, TJinsite, which reflected large disparities in salary packages within an experience level suggests skill directly affects the pay packages in the retail industry.

According to experts, retail industry will continue to grow at phenomenal speed and become one of the major employment drivers of the Indian economy. As mentioned by Rajagopalan, a clearly defined FDI policy will further change the course of recruitments in the industry.
-http://articles.economictimes.indiatimes.com/2012-04-12/news/31331155_1_retail-industry-retail-companies-kumar-rajagopalan

15/04/2012

Friends Have A Look Here!!!!!!!!!!

Closets by Design Franchising provides it's franchisees with a unique management business opportunity in the growing home improvement and remodeling industry that is both fun and rewarding.

03/04/2012

McDonald's India plans to hire about 6,500 people this fiscal. To facilitate this recruitment drive, the quick service chain has launched ‘The Hiring Week' during the first week of April. This initiative will take place across McDonald's restaurants in Mumbai, Pune, Bangalore and Hyderabad.

McDonald's India currently has 250 restaurants and plans to double the number in three years.

Ms Seema Arora Nambiar, Director, People Resources, McDonald's India (West & South), said this “employment drive will be the first step in enabling the company to meet its hiring goal.”

[email protected]

31/03/2012

FB's Rs 1.34-cr package to Indian student
Social networking giant Facebook has hired an engineering student of Motilal Nehru National Institute of Technology for a fat annual pay package of Rs 1.34 crore, one of the biggest offers made to alumnus of any technical institution of the country.
-http://in.yahoo.com/?p=us

29/03/2012

Foreign funding tougher for retailers; new norm to hinder Indian brands
NEW DELHI: A new norm stipulating that only the 'owner of the brand' can invest in Indian retailers selling goods under a single brand threatens to derail their overseas fund-raising plans.

The Foreign Investment Promotion Board, the nodal agency that clears investments entering India, is considering the proposal of an Indian retail company to induct a foreign private equity fund as an investor. The proposal is being closely watched as its fate will determine the ability of Indian single-brand retailers to access foreign capital.

The new norm, restricting foreign investment to the owner of the brand, was notified in January 2012, when 100% FDI was allowed in single-brand retail.

Lawyers working on retail-related transactions say the guideline potentially prevents fast-growing Indian retail brands in sectors ranging from furniture to apparel, from accessing funds from overseas financial investors, private equity players, and perhaps even from foreign single-brand retail companies.

At present, ambiguity is at two levels. The 'owner of the brand' criterion appears to disqualify financial investors and PE players from investing in single-brand retail companies. But there is also confusion on whether an Indian shoe retailer can induct a foreign brand such as Nike as an investor since Nike will not own the Indian brand.

Private equity players, with deep pockets and aggressive growth plans, are stymied by this development. "This clause could be a hindrance. We are discussing with our lawyers to understand it and are awaiting a clarification on it," said Ravi Thakran, managing partner at L Capital Asia, the PE arm of the world's largest luxury conglomerate LVMH Group. L Capital has recently invested in Fabindia, the marquee ethnic wear retail company, and Genesis Luxury Fashion.

"This results in a strange situation where a foreign brand can be brought to India in a wholly-owned Indian subsidiary that can be capitalised to any extent while an Indian brand cannot have access to private equity and can, therefore, be subject to capital-rationing," said Percival Billimoria, senior partner at AZB & Partners.

Some legal experts say it is not clear whether this guideline also bars a foreign brand from acquiring a stake in an Indian single-brand retailer.

"There is lack of clarity on whether foreign brand owners can invest in an Indian entity which is into pure-play retailing of goods under a single brand," said Akila Agrawal, partner at law firm Amarchand Mangaldas.
-http://economictimes.indiatimes.com/news/news-by-industry/services/retailing/fdi-in-retail-pe-tap-may-close-for-single-brands-new-norm-to-hinder-indian-companies/articleshow/12448562.cms

27/03/2012

Lotto targets 100 store count in India by year end
Italian sports company Lotto Sport Italia plans to have 100 exclusive Lotto Sports Italia mono-brand stores in India by the end of this fiscal from the present count of 65 to secure high visibility in emerging markets.

Along with mono-brand stores, Sports Lifestyle is present in more than 200 shop-in-shops, utilising large multi-brand outlets, such as Shoppers Stop, Reliance Footprints, Central, Pantaloons, and Planet Sports. The company recently opened its 15th store in Delhi at Connaught Place. Spread over 600 sq.ft., the new outlet stocks football and tennis collection along with men's and women's footwear, apparel, and accessories.

Lotto stores are already operational in India in Delhi/NCR, UP, Punjab, Haryana, Pune, Kolkata, MP, Raipur, Jammu, Assam, Uttrakhand, Gujarat, Orissa, and Bihar.

-IndiaRetailing Bureau

26/03/2012

24/03/2012

Italian fashion house Roberto Cavalli to bring luxury range in India
NEW DELHI: Gianluca Brozzetti, the chief executive officer of Italian fashion house Roberto Cavalli, is turning to wealthy shoppers in India and other Asian countries to deliver on his plans to turnaround the company which was badly hit by the recession over three years ago.

Only a month ago, Brozzetti had said that the European luxury market was in evident difficulty. "Whoever denies this does not want to face the reality," he had reportedly said earlier.
-http://articles.economictimes.indiatimes.com/2012-03-23/news/31230087_1_roberto-cavalli-new-brand-fashion

23/03/2012

Sales Executive
GKB Lens

Experience: 0-5 Years Years
Location: Mumbai

Job Description:-
Roles and Responsibilities:
Candidate should be young, dynamic, energetic and should be willing to take up challenges.

Company Profile:-
GKB Lens
Contact Details
Email : [email protected]
Source - http://www.indiaretailing.com/Opening-details.aspx?id=473

The Loot is a multi-brand discount store, offering customers a wide range of products with discounts ranging between 25 per cent and 60 per cent.

23/03/2012

Videocon to add 625 Digiworld stores in a year
Digiworld, the electronic multi-brand retail store from Value Industries, a listed company of Videocon Group, is expanding its footprint and plans to launch a total of 1,000 stores by the end of next financial year.

“We are targeting tier II and III cities for growth by opening 625 new stores as these markets are exploding,” Anirudh Dhoot, director, Videocon Industries, told Financial Chronicle.

“We want to take the total tally to over 1,000 stores by the end of financial year 2012-13,” he said. The tier II and III towns and cities were growing rapidly with a taste for good consumer durables and electronic goods and the company wanted to aggressively tap this segment offering top quality brands, Dhoot said.

At present, the company retails consumer durable brands like Videocon, Philips, Hitachi, Panasonic, Sansui, Electrolux, Kenstar, Usha and Kelvinator, Kenstar, Toshiba, Sony, mobile brands like Apple, Blackberry, Nokia, Samsung, HTC, Videocon mobile handsets and services and D2H services and Canon and Nikon range of cameras.

Dhoot said, at present 60 per cent of the existing 375 Digiworld stores in 65 cities were owned by the company and 40 per cent by the franchises. “We will follow the same ratio in expanding our foot print pan India this financial year,” he said.

On Wednesday, it opened one of its largest 10,000 sq ft franchise-owned stores at Boisar town in Thane district, near Mumbai. The company said Boisar being a booming industrial town with a population of about 6 lakh would generate a business of Rs 50 lakh per month.

“Four more Digiworld stores are lined up in New Bombay, Cochin, Pune and in Punjab next month,” Dhoot said. The size of the stores ranges from 1,200 sq ft to 12,000 sq ft depending on the location, he said.

“The company and the franchisees invest a total of Rs 30 lakh-Rs 5 crore per store,” Dhoot said. He said it takes about six to 12 months to break even.

Dhoot said look wise all Digiworld stores flaunted a uniform format for branding for which the company invested Rs 5 lakh-Rs 25 lakh for exterior and interior decor.

23/03/2012

Govt may modify FDI norms for single brand retail
The government is likely to modify the guidelines for FDI in single-brand retail to ensure that foreign retailers can have long term relationship with micro and small enterprises (MSEs).

The changes, according to sources, would address the concerns of the foreign retailers about 30 per cent mandatory sourcing of their requirements from MSEs even after they become big and lose MSE tag.
The government while increasing FDI in single-brand retail to 100 per cent has stipulated that the foreign companies should atleast procure 30 per cent of their requirements from MSEs.

International retailers, including IKEA have expressed concerns over the lack of clarity on this condition saying that under the present norms they would have to change the vendors once an MSE cross the plant and machinery investment limit of USD 1 million (about Rs 5 crore).

The foreign retailers have suggested that the condition should be modified so that they can continue to procure goods from the same vendor even after it loses its MSE tag. "The clarification may feature in forthcoming FDI policy circular scheduled to be released on March 30," the sources said.

According to Reliance Brands President and CEO Darshan Mehta India is a complex market and the restriction to source from villages and cottage industries would make it impossible for brands looking to enter India on their own.

Reliance Brands, a subsidiary of Mukesh Ambani-led Reliance Retail, has joint ventures or license arrangements with seven fashion and lifestyle brands, including Marks & Spencer, Diesel, Zegna, Timberland and Paul & Shark.