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As per the Images India Retail Report 2009, the overall Indian footwear market stands at Rs 16,000 crore, registering a growth of 16 per cent over the last year. The market is expected to grow at a CAGR of over 20 per cent for the period spanning from 2008 to 2011. While according to a new research report conducted by RNCOS, the Indian footwear retail market is projected to grow at a CAGR of about 19 per cent between 2009 and 2012.
With the world becoming a global village, the growth in the travel and tourism industry has been unprecedented. It has also given a fillip to the luggage industry. With changing times, the key players adapted well and to stay ahead in the competition, started introducing new products. However, still, the market is highly fragmented and most of the players are not branded and have a long way to go.
The fashion accessories market in India is undergoing a metamorphosis with the entry of global brands. From a mere necessity, watches and eyewear have come a long way to be perceived as status symbols, thanks to the growing affluence of urban consumers. Now, franchisees from domestic market are also aiming at picking up the watch and eyewear franchise to cash in on this timely opportunity.
Kids today have emerged as an independent customer group with their own specific needs and demands. The demand for branded apparel is on the rise owing to children becoming more fashion conscious and parents willing to satisfy their demands due to a rise in their purchasing power.
You have mustered all the courage to start your own business. And now, a hundred decisions await your approval stamp. One of the most important decisions is organising your venture around a legal framework. One of the most preliminary decisions relate to your business structure. In India, popular models an entrepreneur can chose from are proprietorship, partnership, a private limited company or a limited liability company. Exploring the merits and demerits of each can help you make the right choice.
While everyone aspires to be tagged along with something big, Rajeev Karwal, with over 25 years of experience of brand building, opted to work for start-ups. His company, Milagrow, acts as a one-stop destination for micro, small and medium enterprises (MSMEs) by providing them knowledge solutions for building businesses. Rajeev Karwal spoke to Shambhavi Anand on the vision behind Milagrow, a venture catalyst.
Back pain is an ailment of the modern times. Eighty per cent of the population suffer from back pain at least once in their lives. Having a market of Rs 4,200 crore, Back Rx Spine Care Pvt Ltd is making its presence felt across India via franchising. In an exclusive chat with TFW, Suraj Choksi discusses the growth of healthcare industry in India with emphasis on spine care category.
In 1981, The Pizza Company, a part of Minor International's (MINT) Minor Food Group - Thailand's largest food service operator of companies, was founded to bring the first international pizza experience. In early 2001, the company made its market debut in Thailand against a pizza brand that it had previously built into the national leader with a market share of over 95 per cent. After its launch in its own country/market, The Pizza Company became the market leader in the dine-in and delivery segments.
According to McKinsey and Co, almost 40 per cent of the branded apparel sales in India come from discounting. The Loot Store, one of the best known multi-brand discount fashion chains, claims to offer merchandise at a price which is equal to a Loot price. This month, the store chain has opened its 100th store in Bellary in Karnataka. On this achievement, MD Jay Gupta shares his happiness with TFW.
Of the Rs 4,000 crore branded consumer durable and information technology (CDIT) market, a major chunk is owned by Next, where all the major brands are amalgamating under one roof, giving both the consumers and retailers a wholesome experience. Sunil Mehta unveils what next is expected from Next in a tete-a-tete with TFW.
Cotton County, a wholly-owned subsidiary of Nahar Industrial Enterprises (set up in 1949), has 600 outlets in more than 400 cities. Now, it is planning to move into southern India. Sachin Sahni, Vice-President of the company, unbolts his view on franchising as a business model with TFW.
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