Retail Industry Updates: Reliance shuts Petrol Pumps, Indians #3 in buying foreign brands..and more

Reliance has decided to shut down it’s petrol pumps stations over denial of subsidy on par with public sector retail companies

‘Reliance plans to shut two-third of its 1,400 petrol pumps in the country by next month as it is unable to match the fuel price offered by public sector oil retailers, who get compensated by the Government for selling fuel below the cost’. [details]

Retail advertisers in print goes up by 4%

Retail sector advertising in print grew by 4 per cent in 2007. In the second half of the year, it grew 25 per cent compared to the first half (via AdEx India)

The top 10 advertisers accounted for 27 per cent of the print ads. Pantaloons topped the list with 8 per cent share, followed by Maruti Suzuki (4 per cent) and Tata Motors (3 per cent).
Five out of the top 10 advertisers were automotive companies

Maharashtra had the largest share of retail sector advertising at 19 per cent, followed by Tamil Nadu (17 per cent) and Andhra Pradesh and Kerala (both 11 per cent).[more]

Indians #3 in buying foreign brands

As per a survey conducted by Nielson, India is the third most brand conscious countries in the world, after Greece and Hong Kong. According to the survey, India ranks as the third most important market globally for Gucci, the sixth most for Calvin Klein, the ninth most for Diesel, and the tenth most for Fendi.

The study finds that the overall awareness about designer brands has been aided by people travelling overseas. [details]

Technorati tags: indian retail industry

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