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Devangshu Dutta

Major Brands-Promod JV plans 40 stores in five years

Major Brands (India) Pvt Ltd, the local franchisee for fashion apparel and accessories brands such as Mango, Aldo, Charles & Keith and Nine West, will form a joint venture with French womenswear retailer Promod.This changes the existing franchise agreement...

Time’s up for MRP?

The MRP, or the maximum retail price, of a product plays an important role in the customer's purchase decision. It tells them the maximum amount they need to spend to buy a product.The rationale behind printing the MRP on...

Go local, not global

As the competition heats up among shopping centres, what would differentiate one from the other? The answer lies in localisation of the shopping centre in line with local tastes and preferences. This becomes all the more important, because today's...

Width or depth: A critical choice

Customers visiting a store are looking for either the width of merchandise – the variety of product lines offered – or the depth – the number of each item or particular style of a product on offer. For most...

It’s all about the format

It is an every day challenge for a retailer to satisfy the diversified demands of discerning customers. The further challenges are to reel in more customers, assure their loyalty, drive in more footfalls and the ensure the conversion rate....

Customer-centric retailers roll the dice

“Rather than trying to fit the world to our business model, we need to fit the business model to the real world that exists,” comments Devangshu Dutta, chief executive of Third Eyesight. At present, in the midst of a...

Promises to keep

Real estate is the largest component of cost for a modern retailer in India. At an average of 15 per cent of sales being paid out as rentals – compared to 2-3 per cent of sales in developed markets...

Social Circuitry

The fast growth of digital media has amplified the potential of modern retailers to gain momentum in pushing brand building and consumption of their respective products among younger consumers. Opportunities in online brand building are particularly important to understand,...

Gross Margin: How reflective is it?

It is being said that it might be easy to turn cash into inventory but the main challenge is to turn the inventory back into more cash. According to researchers and analysts, many retailers fail to make more money...

Gross Margin: How reflective is it?

It is being said that it might be easy to turn cash into inventory but the main challenge is to turn the inventory back into more cash. According to researchers and analysts, many retailers fail to make more money...
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Honasa board approves amalgamation of Fusion Cosmeceutics, Just4Kids with it

Fusion Cosmeceutic's standalone revenue was Rs 76.61 crore and Just4Kids had revenue of Rs 4.05 crore on December 31,...
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