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The Business Of Beauty

India's beauty and cosmetic market, currently pegged at Rs 4,500 crore, is burgeoning beautifully, growing between 15 per cent and 20 per cent annually. Post liberalization, while the Indian companies charted out ambitious plans to meet the growing demand for beauty products and services, the foreign companies are making a beeline to gain a toehold in the Indian market. Some firms are expanding through franchising, some through joint ventures and some are happy with the company-owned and managed outlets. Report Urmila Rao & Priyanka Kapoor.

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The Making Of A Champion Franchisee

It’s an undisputable fact that the ongoing retail boom has provided a much-needed fillip to the fortunes of the franchising business in the Indian context. But what is it that makes a successful franchisee? How important is it for a potential franchisee to have domain knowledge? What plays a bigger role in the success of a franchise, is it franchisor support or franchisee efforts? These were some of the pertinent questions that Rajesh Kulkarni posed to a select group of leading franchisors and franchisees that included A.Velumani, CMD, Thyrocare Technologies Ltd; Shamini Patel, franchisee of ShaadiPoint, the offline business division of Shaadi.com; and Nandu Bharwani, Joint MD, Jetking Infotrain Ltd., and this is what they had to say.

   
‘Go With The Footfalls’

A for Archies. Probably this is the compliment the greeting card business group rightly deserves. From a humble beginning, it has now grown into a large empire, thanks to a highly successful franchise format. A pioneer in the ‘social expression’ industry, Archies, which has 500 outlets, is now committed to 150 stores in malls that would be a reality by 2008. Anil Moolchandani, CMD, speaks to Priyanka Kapoor on how it evolved, faced the competitions and tackled the SMS intrusion.
 
Beyblade Toys A Rage, No Kidding This

Present this toy to your son and see him leap with joy. It will definitely turn out to be one of his most prized possessions. The toy is selling faster than hot cakes.
Beyblade toys, based on the Japanese animated series by the same name, have already taken the kids by storm. Recently launched in India in association with Funskool (India), it is a cutting edge sports entertainment brand targeted at young boys. Reports Urmila Rao.
 
Sip Your Coffee, Dear Client, The Retail Is Thriving

Coffee culture has grown by leaps and bounds in the country. Cafes and coffee pubs, which have mushroomed across the country, have become a hotspot for the young and the old alike. Chains like Barista, Mocha, Café Mocha and Cafe Coffee Day have become hugely popular hangouts for the youth as a whole and trendy consumers. Reports Priyanka Kapoor.
It’s Carnival Time For Retail In Brazil

The land of pristine tropical beaches, dense forests and the zestful samba carnival, is slowly but steadily making its presence felt in the global retailing and franchising sector. Reports Urmila Rao.
 
Join Indian Retail Market Now, Foreign Players Told

Strike while the iron is hot. This bit of advice may be given to international retailers keen to enter the Indian market for doing good business. Yes, now is the time to do so. Otherwise the prime locations and market positions will be lost. Income is rising, premium goods are favoured, lifestyle is changing, credit cards are being regularly used. OK, there are in-built hurdles that have to be reckoned with but then gains are always associated with risks. Reports Prithwiraj Roy.
 
Adidas-Reebok merger: Does it herald a trend in retail?

Opinions on whether the merger of sports giants is a pointer to the shape of things to come in retail trade differ, but a majority of industry players do not agree with this. Read on to know their views.
Aalok Wadwa, MD, Corner Bookstore
Rajesh Sodhi, Manager North, Provogue
Vijay Misra, CEO, W
Adarsh Gupta, ED, Liberty Shoes


International
Dr. Audesh Paswan
Associate Professor (Marketing) at the University of North Texas


Franchising
Ritesh Vohra
First Franchising Pvt. Ltd.  


CRM
Syamant Sandhir
FutureScape  
 

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