Monday, October 30, 2017
Tuesday, August 22, 2017
Franchisees Scale Down Operations Amid Competition From Online Rivals
Ever noticed that a Benetton or Louis Philippe store in the neighbourhood market has closed down? Don't be surprised if more such stores and brands disappear — some of the country's largest franchisee operators are scaling down operations amid competition from new entrants and online rivals. Kapsons has shuttered more than 50 Benetton, Wrangler and Lee stores, among other brands, in the past year.
A Delhi-based franchisee store operator of various global brands has closed some outlets and now plans to exit the business and take up a hotel venture. With competition from newcomers such as Zara and H&M and deep-discounting strategies adopted by Flipkart, Amazon and Myntra, India's large franchisee operators are finding their business less appealing, especially for the older brands.
"In most cases, running a franchisee business is no more a lucrative proposition - except for some brands," said Vipin Kapoor of Chandigarh-based Kapsons, which has cut its franchisee stores to about half its original strength while continuing to run outlets of Tommy Hilfiger and Calvin Klein, among others.
Over the past couple of years, India has seen unprecedented discounting by foreign fund-heavy e-commerce companies aimed at acquiring online customers. That has hit a legion of brick-and-mortar retailers, which had to offer larger discounts at the expense of their margins.
The average yearly discount provided by brick-and-mortar stores has widened to 23% — even 30% for some brands — from about 15% three years ago, said Pawan Khandelwal, chief executive of Samarth Lifestyle, which operates Tommy Hilfiger, US Polo, Puma, Lee and Calvin Klein outlets. He said consumers are seeking more discounts or value for purchases. "Earlier 65% merchandise we used to sell at full price and the rest on discount.
Now, half of the total products we sell on discount," said Kapoor. Samarth operated about 125 franchise outlets of various brands, which the Jaipur-based company has now cut down to 85 by closing about 40 outlets of Peter England, Louis Philippe, Allen Solly, Arrow and others. Arvind Brands has reached a "mutual agreement" with Samarth for the return of 4-5 Arrow outlets, said CEO J Suresh.
The spokesperson of Aditya Birla Fashion and Retail, which owns Peter England, Louis Philippe and Allen Solly, was not available for comment. Lee and Wrangler declined to comment.
Benetton said franchisee stores returned by Kapsons have been "passed on" to two other franchisees. "Benetton has a multi-channel strategy for distribution and therefore we are watchful of each channel's individual sustainable growth," said Sundeep Chugh, CEO of Benetton India.
"We wanted to fuel Benetton-Kapsons growth with the right distribution strategy. This arrangement of transferring rights happened three years back with the same intent." Large franchisee operators believe that working on creating their own retail brands would bring better valuations for them, according to Harminder Sahni, founder of retail and brand consultancy Wazir Advisors.
"Franchisees are realising that while they do most of the hard work, they put the capital expenditure and live on thin margins, ultimately it is the (franchisor) brands whose values are being created," Sahni said. "So many of these people have started to think: Why don't we create our own brands?" Kapsons is ramping up its own department store chain, selling a raft of brands under one roof.
It operates 17 department stores and plans to take it to 25 by next year. Samarth has rolled out the iconic-branded department store chain. SSIPL Retail, which runs more than 200 franchised outlets of Nike and Levi's, said it is ramping up its multi-brand chain called Sports Station.
Six years ago Levi's had 300 outlets run by 150 franchisee partners. "Then we focused on creating master franchisees where minimum they have at least 10 doors so you have economies of scale and have dedicated staff trained to be Levi's staff and with that scale they can keep a small distribution hub," Bergh told last month.
A Delhi-based franchisee store operator of various global brands has closed some outlets and now plans to exit the business and take up a hotel venture. With competition from newcomers such as Zara and H&M and deep-discounting strategies adopted by Flipkart, Amazon and Myntra, India's large franchisee operators are finding their business less appealing, especially for the older brands.
"In most cases, running a franchisee business is no more a lucrative proposition - except for some brands," said Vipin Kapoor of Chandigarh-based Kapsons, which has cut its franchisee stores to about half its original strength while continuing to run outlets of Tommy Hilfiger and Calvin Klein, among others.
Over the past couple of years, India has seen unprecedented discounting by foreign fund-heavy e-commerce companies aimed at acquiring online customers. That has hit a legion of brick-and-mortar retailers, which had to offer larger discounts at the expense of their margins.
The average yearly discount provided by brick-and-mortar stores has widened to 23% — even 30% for some brands — from about 15% three years ago, said Pawan Khandelwal, chief executive of Samarth Lifestyle, which operates Tommy Hilfiger, US Polo, Puma, Lee and Calvin Klein outlets. He said consumers are seeking more discounts or value for purchases. "Earlier 65% merchandise we used to sell at full price and the rest on discount.
Now, half of the total products we sell on discount," said Kapoor. Samarth operated about 125 franchise outlets of various brands, which the Jaipur-based company has now cut down to 85 by closing about 40 outlets of Peter England, Louis Philippe, Allen Solly, Arrow and others. Arvind Brands has reached a "mutual agreement" with Samarth for the return of 4-5 Arrow outlets, said CEO J Suresh.
The spokesperson of Aditya Birla Fashion and Retail, which owns Peter England, Louis Philippe and Allen Solly, was not available for comment. Lee and Wrangler declined to comment.
Benetton said franchisee stores returned by Kapsons have been "passed on" to two other franchisees. "Benetton has a multi-channel strategy for distribution and therefore we are watchful of each channel's individual sustainable growth," said Sundeep Chugh, CEO of Benetton India.
"We wanted to fuel Benetton-Kapsons growth with the right distribution strategy. This arrangement of transferring rights happened three years back with the same intent." Large franchisee operators believe that working on creating their own retail brands would bring better valuations for them, according to Harminder Sahni, founder of retail and brand consultancy Wazir Advisors.
"Franchisees are realising that while they do most of the hard work, they put the capital expenditure and live on thin margins, ultimately it is the (franchisor) brands whose values are being created," Sahni said. "So many of these people have started to think: Why don't we create our own brands?" Kapsons is ramping up its own department store chain, selling a raft of brands under one roof.
It operates 17 department stores and plans to take it to 25 by next year. Samarth has rolled out the iconic-branded department store chain. SSIPL Retail, which runs more than 200 franchised outlets of Nike and Levi's, said it is ramping up its multi-brand chain called Sports Station.
Six years ago Levi's had 300 outlets run by 150 franchisee partners. "Then we focused on creating master franchisees where minimum they have at least 10 doors so you have economies of scale and have dedicated staff trained to be Levi's staff and with that scale they can keep a small distribution hub," Bergh told last month.
Wednesday, August 16, 2017
Tuesday, December 20, 2016
Tuesday, August 30, 2016
Mbp Bearings: Deep Grove Ball Bearing
A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races.The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least two races to contain the balls and transmit the loads through the balls. In most applications, one race is stationary and the other is attached to the rotating assembly (e.g., a hub or shaft). As one of the bearing races rotates it causes the balls to rotate as well. Because the balls are rolling they have a much lower coefficient of friction than if two flat surfaces were sliding against each other.
Deep Grove Ball Bearing
Ball bearings tend to have lower load capacity for their size than other kinds of rolling-element bearings due to the smaller contact area between the balls and races. However, they can tolerate some misalignment of the inner and outer races.MBP use improved ball quality to so to provide noise free bearings and smooth running MBP ball bearings have an optimized surface finish on all the contact surfaces to provide the sufficient lubrications this allows the bearings to run cooler and last longer
About Mbp-Bearings
MBP BEARING is eminent manufacturer of a range of high-quality anti-friction Bearings. Our company maintains high standards of efficiency and assure clients that the offered products are highly dependable. For us, quality has always been an integral part and culture of our organization and stringent efforts are made to ensure that the customers get value for their money.Our Plant is certified to ISO 9001:2008. Moreover, we are backed by the services of experienced and highly skilled technocrats belonging to the field of manufacturing bearings, who use sophisticated modern Machinery & Equipment.
Deep Grove Ball Bearing
Ball bearings tend to have lower load capacity for their size than other kinds of rolling-element bearings due to the smaller contact area between the balls and races. However, they can tolerate some misalignment of the inner and outer races.MBP use improved ball quality to so to provide noise free bearings and smooth running MBP ball bearings have an optimized surface finish on all the contact surfaces to provide the sufficient lubrications this allows the bearings to run cooler and last longer
About Mbp-Bearings
MBP BEARING is eminent manufacturer of a range of high-quality anti-friction Bearings. Our company maintains high standards of efficiency and assure clients that the offered products are highly dependable. For us, quality has always been an integral part and culture of our organization and stringent efforts are made to ensure that the customers get value for their money.Our Plant is certified to ISO 9001:2008. Moreover, we are backed by the services of experienced and highly skilled technocrats belonging to the field of manufacturing bearings, who use sophisticated modern Machinery & Equipment.
Indian Water Pump Bearings manufacturing, Exporters of Water Pump Bearings, Water Pump Bearings Exporters, Indian Universal Joints manufacturing, Exporters of Universal Joints,
Thursday, July 7, 2016
Aqua Bonsai Plant Growing In Water
Aqua Bonsai is a new Bonsai style using the technology of hydroponics (a method of growing plants using mineral nutrient solutions, in water, without soil).
First, a Bonsai that was initially growing in soil is put in a circulation system of water and growth-lights. The details about this system are a well kept secret, but it results in a Bonsai tree that can thrive without any soil.
Feng Shui Plants
How to grow an Aqua bonsai?
Select a nice glass pot to display the Bonsai in. Per 250ml of water we add 2 drops of the fertilizer.
Place the tree at a window at a sunny spot Discard the liquid once a week, replacing the water and adding nutrients again.
i)Adding fertilizer to the water, on this tiny Ginkgo bonsai.
ii)We place the Aqua Bonsai at a window facing the south, for enough light.
iii)Once a week we change the water and nutrients.
iv)Japanese craftsmen have created these glass containers by hand. These are absolutely beautiful.
v)Different tree species can all be kept as Aqua Bonsai. including pines and maples.
vi)Some tiny little Aqua Bonsai displayed indoors.
vii)A maple, wax tree and a young pine tree.
viii)Wonderfully designed glass pots!
The process of creating Aqua Bonsai
With this circulation system, Bonsai are grown with new roots (suitable for hydroponic cultivation).The water in which the Bonsai is placed is not normal tap water, as the tree would wither and eventually die. So we add certain fertilizers to the water, making it weakly acidic and promoting growth.The fertilizers.Every day, mr. Nakajima held a record of the hydroponic results, perfecting the mix of fertilizers to add to the water. This took well over three years to perfect. And so Aqua Bonsai was born.
Buy plants in bangalore,Plant nurseries in bangalore,Buy plants online in bangalore,Bonsai plants for sale in bangalore,Bonsai plants online in bangalore,Order plants online in Bangalore
First, a Bonsai that was initially growing in soil is put in a circulation system of water and growth-lights. The details about this system are a well kept secret, but it results in a Bonsai tree that can thrive without any soil.
Feng Shui Plants
How to grow an Aqua bonsai?
Select a nice glass pot to display the Bonsai in. Per 250ml of water we add 2 drops of the fertilizer.
Place the tree at a window at a sunny spot Discard the liquid once a week, replacing the water and adding nutrients again.
i)Adding fertilizer to the water, on this tiny Ginkgo bonsai.
ii)We place the Aqua Bonsai at a window facing the south, for enough light.
iii)Once a week we change the water and nutrients.
iv)Japanese craftsmen have created these glass containers by hand. These are absolutely beautiful.
v)Different tree species can all be kept as Aqua Bonsai. including pines and maples.
vi)Some tiny little Aqua Bonsai displayed indoors.
vii)A maple, wax tree and a young pine tree.
viii)Wonderfully designed glass pots!
The process of creating Aqua Bonsai
With this circulation system, Bonsai are grown with new roots (suitable for hydroponic cultivation).The water in which the Bonsai is placed is not normal tap water, as the tree would wither and eventually die. So we add certain fertilizers to the water, making it weakly acidic and promoting growth.The fertilizers.Every day, mr. Nakajima held a record of the hydroponic results, perfecting the mix of fertilizers to add to the water. This took well over three years to perfect. And so Aqua Bonsai was born.
Buy plants in bangalore,Plant nurseries in bangalore,Buy plants online in bangalore,Bonsai plants for sale in bangalore,Bonsai plants online in bangalore,Order plants online in Bangalore
Wednesday, June 8, 2016
Flipkart Revises Return Policy From 30 Day Window To Just 10 For Top Selling Products
Leading e-commerce website, Flipkart revised its return policy on top brands narrowing the window for the customers who want to send back the product. Changing the norms in its reurn policy, Flipkart brought down the return window from 30 days to 10 days. It means now a customer can send back the product bought on Flipkart within 10 days from the previous 30 on most top-selling products. The new return policy will apply on categories such as electronics, books and mobile phones. The changes will come into effect from June 20.
According to the updates return policy of the Flipkart, the return period has been shortened to 10 days. However the company remained 30-day return policy as it is for clothing, footwear, watches and eyewear, jewellery and fashion accessories, as well as large appliances. The customers have also asked to pay higher commissions, which means the cost of products will increase. Flipkart revised its return policy and increased commission after its rival Amazon excluded items like tablets, laptops, PCs, cameras, accessories and a few other items from refunds.
“The revised structure across shipping, commission and returns will enable sellers to have predictability and better manage their online business,” a Flipkart spokesperson was quoted as saying by The Economic Times.
Flipkart has been receiving complaints from sellers because of its previous no-questions-asked return policy under which sellers were responsible for all charges, including return shipping. In order to address this problem, Flipkart decided to short the return period. In order to increase profit, Flipkart has decided to levy higher commission. The move will increase product prices on the Flipkart platform by about 9%.
According to the updates return policy of the Flipkart, the return period has been shortened to 10 days. However the company remained 30-day return policy as it is for clothing, footwear, watches and eyewear, jewellery and fashion accessories, as well as large appliances. The customers have also asked to pay higher commissions, which means the cost of products will increase. Flipkart revised its return policy and increased commission after its rival Amazon excluded items like tablets, laptops, PCs, cameras, accessories and a few other items from refunds.
“The revised structure across shipping, commission and returns will enable sellers to have predictability and better manage their online business,” a Flipkart spokesperson was quoted as saying by The Economic Times.
Flipkart has been receiving complaints from sellers because of its previous no-questions-asked return policy under which sellers were responsible for all charges, including return shipping. In order to address this problem, Flipkart decided to short the return period. In order to increase profit, Flipkart has decided to levy higher commission. The move will increase product prices on the Flipkart platform by about 9%.
