According to industry experts, individual entrepreneurs are uniting to offer a uniform retail experience.
Darshan Mehta, CEO, Arvind-VF Brands, mentioned that the company would love to have a revenue-sharing expansion model, but there is a scramble due to a dearth of good-quality malls.
ICICI Bank will release Rs 100 crore (Rs 1 billion) over 5 years through Fabindia's subsidiary, Artisans Micro Finance.
During the last financial year, Tirupur exported goods worth Rs 11,000 crore. This year, manufacturers fear they will fall short of the 20 per cent growth target.
With the Central Government making it mandatory for consumers to switch to CAS in select parts of major metros, Onida is planning to launch LCD televisions that have an embedded technology to encrypt digital signals.
Philips, the Dutch electronics company, has entered into a partnership with Swarovski, the Austrian cut crystal and jewellery manufacturer, to introduce consumer lifestyle electronics and fashion accessories for women.
Korean durable majors LG and Samsung have up the ante in the slim category of colour television market.
LG Electronics, the official global partner of the ICC Cricket World Cup, will be launching a limited edition of official 29-inch colour televisions in India.
The consumer durable companies such as Videocon, Samsung and Godrej may be aggressively expanding their own brand outlets
As Videocon expands its presence in consumer durable retail, the company has followed it with the launch of its private label under the Next brand.
To ensure that consumers upgrade to higher end durables at a faster pace, market leader LG Electronics is launching an initiative soon.
UK-based premium menswear brand The Savile Row's ambitious India plans might prompt its Indian partner Forbes Gokak to reconsider the Indian strategy for another premium menswear brand, Daks London.
The increasing demand for branded clothes coupled with higher spending power has prompted branded apparel firms to set shop in smaller cities after due deliberations.
Though multinationals bring an added advantage of quality assurance and consumer trend of upgrading towards branded products, they will have to tread carefully as the grey market is dominant.
Popular domestic home appliances brand Jaipan Industries is planning to set up a manufacturing unit in China.
Durable retailers have lined up a series of offers to lure customers during Christmas and New Year's eve
CNN-IBN, the 24-hour English news channel, is planning to tap the capital market with its Rs 105 crore (Rs 1.05 billion) initial public offering. The maiden float is expected to hit the markets early next year.
With big players, such as Tatas, foraying into durables retailing and established chains attempting to spruce up their act, consumer durables retailing is undergoing a change in the country.
They are used to flaunting fashionable clothes on the silver screen or the ramp. But now John Abraham, Hrithik Roshan, Milind Soman and Fardeen Khan are giving the branded apparel business a serious thought.
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