Tag Archives: carrefour

India Lets Starbucks, Ikea Open Wholly Owned Stores After Wal-Mart Reverse

India abandoned a rule against foreign single-brand retailers operating stores without a local partner, paving the way for global companies including Starbucks Corp. and Ikea.

The government ratified a Nov. 24 cabinet decision to raise the ownership limit to 100 percent from 51 percent for single- brand, Trade Minister Anand Sharma said in a statement yesterday. The new rules take effect immediately and require the companies to use smaller Indian companies for at least 30 percent of procurement, he said.

Wal-Mart Stores Inc. , Carrefour SA and other foreign chains are still excluded from India’s $400 billion retail market after an attempt last year to change the law failed. Prime Minister Manmohan Singh’s administration has struggled to advance its initiatives amid opposition from its own allies and a corruption scandal that paralyzed parliament.

“This is a welcome move with a clear potential to lift the general mood in the economy,” Rajan Bharti Mittal, managing director at Bharti Enterprises, Wal-Mart’s Indian partner for wholesale hypermarkets, said in an e-mailed statement. “We hope the initiative is a precursor to further liberalization in the sector in the days to come.”

Pantaloon Retail India Ltd., India’s largest retailer, gained in Mumbai trading after the announcement. The stock rose as much as 10 percent, the most since Nov. 25, while Shoppers Stop Ltd.  surged 20 percent. Trent Ltd., which has a franchise agreement with Tesco Plc, rose as much as 6.9 percent. India’s benchmark Sensitive Index rose 0.4 percent.

Waiting for Multi-Brand

“People think that this would lead to a positive stance on multi-brand retail soon,” Sameer Narang, an Mumbai-based analyst with HDFC Securities Ltd. said in a telephone interview. “My opinion is that it’s not coming any time soon, given the way things went the last time the government tried to introduce it, I doubt a lot of traction will be seen on it.”

Starbucks would compete in India with operators including Lavazza SpA’s Barista Coffee Co. and closely held Cafe Coffee Day. The Seattle-based coffee chain said in November it intended to open its first store in India this year.

“Ikea welcomes the decision from the Indian government to allow 100 percent FDI in single-brand retail,” Nivedeeta Moirangthem, the furniture and housewares retailer’s India spokeswoman said in an e-mailed statement. India is a very interesting potential retail market for the Ikea Group.’’

Calls and e-mails to the Starbucks public-relations team in Seattle weren’t immediately answered. Starbucks signed an agreement with India’s Tata Coffee Ltd. in January 2011 to source beans and consider opening stores.

via India Lets Starbucks, Ikea Open Wholly Owned Stores After Wal-Mart Reverse – Bloomberg.

Green Certification Awarded to French Supermarket in China

China Certification & Inspection Group has reportedly issued the Green Market Certification to Carrefour’s six stores in Beijing, making the French supermarket one of the first retailers to gain the certification in the Beijing region.

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Liu Shengming, chairman of CCIC, told local media that the Green Market Certification has been fully launched in the retail sector of Beijing. Green Market Certification is a national certification system co-developed by the Ministry of Commerce together with the Certification & Accreditation Administration of China. Organizations that have obtained the Green Market Certification are allowed to use the uniform certification board. The Green Market Certification logo can be used in their marketing materials or other relevant information.

Luc Vandevelde, chairman of the Supervisory Board of Carrefour, has revealed the plan for Carrefour’s first green shopping center, where rainwater and energy can be recycled. Compared with a regular architecture, the green shopping center can save up to 30% in water and energy. In addition, it will use efficient materials to reduce the consumption of resources.

China Certification & Inspection Group, Shenzhen Company Ltd. operates a wide network of over 300 offices and laboratories which are located in major ports and cargo distribution centers around the world. With over 20 years’ experience in the inspection and certification field, CCIC has established cooperation relationships with more than 120 inspection and certification companies in over 60 countries and regions, including foreign organizations such as UL, CSA, and TUV Rhineland.(Source: China Sourcing News)

7-Eleven embraces sustainability

As we at ECOFFEE are always saying, sustainability in the retail business is not a trend but it is a must if you want to be sucessful in the future. And when we read that giants such as Wal-Mart, Whole Foods Market, Castorama and Tesco, are actually changing their policies and store design to follow a more sustainable business we wonder when this will happen in Italy.

Today, our attention was caught by a very interesting article on the NYTimes about 7-Eleven convenience stores in Japan where fluorescent light bulbs have been replaced by the soft glow of light-emitting diodes, or LEDs, that consume half the energy and last much longer.

The 7-Eleven Japan program also includes photovoltaic panels on the store roof, and light-reflecting floor and sensors that automatically adjust the lighting.

The article also points out that this is going to be a very expensive program, being a green 7-Eleven store as much as 30 percent more expensive to build than a more traditional one. But Japanese customers are now more eco-conscious and shopping in a greener store can be more appealing to them. (Photo courtesy of Voice)