It’s easy and tempting to focus on a single responsibility or activity—narrow initiatives are easier to launch, and their impacts will be easier to achieve and measure. Plus, it’s generally good business sense to focus and specialize. But it’s the wrong approach for the environment, where interconnections between actions and consequences are typically deep and complex, and nothing takes place in isolation.
Tyco Retail Solutions, a leading global provider of retail performance and security solutions announces they have earned a prestigious “2012 Green Supply Chain Award” from Supply & Demand Chain Executive magazine.
RetailWATCH: Tyco Retail Solutions Traffic Intelligence Offering Optimizes Store Performance and Helps Drive Incremental Revenue
Tyco Retail Solutions, a leading global provider of retail performance and security solutions sold through ADT and authorized business partners worldwide, today announced leading retailers such as Belle and GUESS are optimizing store performance and driving incremental revenue through Tyco’s Traffic Intelligence solution.
Electronics and home appliance retailer Courts Singapore Pte Ltd. (Courts) offers a diverse line of home product brands, aimed at consumers who seek the best value for their dollar.
For Courts, catering to customers’ needs is essential, and this adage has never wavered since the retailer began operations in 1974 in Singapore.
Rising incomes and changing household spending partners are driving the Fast Moving Consumer Goods (FMCG) in India, leading to a shift towards pre-packaged foods and growth in sale of household products.
These were some of the findings of the new white paper published recently by economic forecaster The Economist Intelligence Unit and consumer market expert Mintel that analyzed key trends in the FMCG categories in emerging markets, including India.
To stay competitive in the market place, retailers in Asia need to stay ahead of the curve and predict consumers' needs even before they know it, said Sophia Lai, Groupon Hong Kong's head of marketing at the Retail Innovation & Management Forum 2012 in Hong Kong.
According to Lai, an accurate prediction of customers’ need rely on two major elements—customer engagement and analytics.
FMCG major Dabur India will look for strategic investors for its retail subsidiary H&B Stores that operates New U Stores across the country.
Sunil Duggal, Dabur India chief executive officer, said the company would spin off the retail business eventually, and with the government opening up foreign investments in retail, it is essentially looking for foreign retailers as strategic investors.
It is likely the momentum in the fast-moving consumer goods (FMCG) segment continued in the quarter ended September, with FMCG companies expected to report good profits, owing to strong volume growth. Net sales of most companies would grow 15-18 percent, with underlying volume growth of 13-14 percent, said analysts tracking the sector.
Price-led growth during the quarter is likely to stand at 3-5 percent, indicating companies would continue to take a calibrated approach on raising prices.
The new packaging norms, which will kick in on 1 November, will push up the product prices. While firms such as Godrej Consumer (GCPL) and Dabur said they saw no immediate impact on pricing, most companies are bracing up for the situation when input prices begin to pinch.