News Article / November - December, 2008
As people pinch pennies… Dollar Store 99 Franchise in Retail Flourishes
US Dollar Store
The best franchise retail opportunity among all franchise options
Despite the sense that people who shop at discount dollar stores are struggling financially, the numbers indicate that these stores (along with big-box stores like Walmart Retail) are gaining popularity with more affluent shoppers too.. Even so, for the dollar stores the current economic climate is a mixed bag (not unlike those surprise goodie bags they have at the end of the toy aisle). Almost all US Dollar Stores (USA, INDIA Franchise) are doing well. Dollar Stores are a hot news item these days, as the discount market grows its share of spending from budget-conscious consumer. So while Walmart and its ilk are doing reasonably well given the overall trend towards buying less, the dollar stores are expected to increase sales thanks to shoppers who want to stretch their paychecks a bit more.
While many consumers have struggled in a difficult economy, US Dollar Store Inc. has grown more profitable.
Higher household costs have sent shoppers into the nation's largest everything's-a-dollar chain looking for better prices on food, cleaning supplies and health and beauty products
Into the rest of this year, high diesel prices - one of the biggest contributors to Dollar Stores expenses - will likely continue. We still face an uncertain economy with many pressures on the consumer."
Analysts questioned whether 99 Dollar Stores could sustain its high comparable-store sales increases into the rest of the year. Dollar Stores acknowledged the challenges but added that bad economic times have proved beneficial for Dollar stores so far… More and more business entrepreneurs are joining our Family of US Dollar Stores 99 …
US Dollar Stores is believed to be positioned squarely in the bull's eye of what actual customers are looking for …
News Article / July, 2008
Franchising in India Growing
New owners give up other careers, say the market is favorable
Retail India
Working couple enter Dollar Store Franchise Business
Entrepreneurs looking for business opportunities in a profitable and high-growth market, look no further. Enter a booming market with the purchase of a dollar store franchise. These opportunities give you the training and support to open your own store including location selection assistance and access to high quality products. Businesses available for purchase include standard dollar store franchises and specialty retail options such as discount greeting card stores and party stores.
For Franchise Contact :
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USA |
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For : INDIA, Pakistan,
Nepal, Srilanka etc (ASIA)
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W-!9, G. K. - II |
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gautam@nansonoverseas.com
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For some folks, it is the right time to reconnect with family and friends, celebrate with neighbors and reflect on blessings. For others, it's an overwhelming stress-fest, consumed by juggling tasks including decorating the house, mailing holiday cards, baking cookies, attending parties and buying presents. But for few working couples, business success during the holiday season could signal the end of having to work for someone else. Incase of US there are various franchise retail options from US Dollar Store and other discounters such as Dollar Tree, Dollar General, Dollarville and Family Dollar.
Most of the franchisee’s of US Dollar Stores being added are from working background from teachers to marketers to professionals to engineers etc etc
Discount retailers and franchisors such as US Dollar Store buy the majority of their products from manufacturers who produce goods specifically for dollar stores. Most of the products are made in USA, CANADA, UK, UAE, THAILAND, INDIA and CHINA. The products are imported by the crate.
Web sites such as www.usdollarstore.org & www.nansonoverseas.com that cater to dollar stores are another source of merchandise, along with stores going out of business, factories that have overruns or seconds and corporations that want to get rid of extra stock or close-out items. To sell things for $1, discount retailers strive for costs averaging 80 cents and incase of Dollar Shops in India the pricing is Rs. 99 Only with averaging cost of about 80 Rupees. "Our profit margin is smaller, but the key to our success is volume," says Representative Nanson Overseas Pvt Ltd on behalf of US Dollar Store – ASIA (India, Pakistan, Nepal, Srilanka, Bangladesh etc ) Most of the dollar stores in USA cover a Bug space of over 5000 square feet in stand alones whereas average Dollar Bug store space for US Dollar Stores 99 in India is about 1000 square feet incase of Shopping Mallz – Retail space or High Streets – Retail Space.
US dollar stores are the best franchise option / opportunity in India (USA & Asia) by carrying unique dollar store merchandise (product range)
The demographics of discount devotees show most dollar-store customers are women ages 18 to 25. "We get moms with kids buying favors for birthday parties, parents buying school supplies, kids buying items for shoebox drives, you name it," says Rep. US Dollar Store – India.
News Article / June, 2008
Dollar store franchise business - boom in India retail
As major retailers such as Wal-Mart, Tesco and Carrefour make plans to come to India, a US retail franchise concept, US Dollar store is already in India and is doing unexpectedly well. While US dollar store chains are located in low-rent strip mall, US Dollarstore also lets up shop in prime locations and targets big spenders. Prices at Dollar store are higher at $2 instead of $1charged at US stores.
US Dollarstore opened in INDIA in 2005 and is managed by Nanson Overseas Private Limited. Its customers are people from all walks of life who always like to buy American brands, from bringing home products such as Alberto VO5 hair conditioner, Kellogg’s Pop Tarts and Doritos chips. All the products sold in these stores are Dollar store General products, which are mostly daily need items and gift products.
Dollar stores are booming in India, with consumers flocking to stores to buy items such as branded food, healthcare products and glassware. Despite their names, these stores sell products for Rs. 99 ( $ 2) but the names have stuck. Most products are bought at wholesale prices abroad and sold at a fixed Rs. 99 in India. Indian retail is price-sensitive. Customers are delighted to buy international products / brands for Rs. 99. Customers in India feel like Dollar King as they shop in India’s single price retail Family of US Dollar Store which consumers sometimes remember as My Family of US Dollar 99 Shops.
As appeared in “The Financial Express” – India on May 29th, 2008
Cashing in on consumerism
Prachi Raturi Misra
Posted online: Thursday , May 29, 2008 at 0024 hrs IST
Imagine biting into a Chinese dosa in Lucknow, receiving orchids in Patna, slipping into a perfect fitted branded jeans in Meerut or visiting a branded spa in Palakkad.
Actually all of this is happening and happening at a break neck speed thanks to brand consciousness in smaller cities and towns. It’s no longer about knowing the latest trends, it’s also about sporting the latest brands, eating at the hippest restaurants, using the latest beauty products and studying at best institutes. It’s little surprise then that the franchise business has taken off in India like never before.
Experts say the franchise bubble is big and easily not the one to go bust for a while. So, what is it that is leading to the franchise boom? Gaurav Marya, president, Franchise India, an umbrella organisation of various franchise businesses in India, is himself surprised at the growth of this market. .
Franchise India began in 1999. But the last two/ three years have seen the franchisee business embark on a new growth path altogether. Agrees Marya, “Between 2004 and 2007, the franchised business systems grew in the country by almost 100%, and this proved a positive sign for small business development in India and the catalytic role played by franchising to spur the growth of the system here.”
Today, the acceptability for franchising is growing by the day and it has a fairly wide industry spread. Franchise India estimates show that that there are approximately 1,150 established franchisers, 75,000 franchisees with an annual turnover around Rs 12,000 crore. The business employs around 3.50 lakh persons.
Though the system did exist in India for years, it was at informal, local levels. For example, a popular pickle maker supplying his pickle to other shops to sell exclusively was a form of franchise business. But business format franchising truly began in India in 1990s primarily with homegrown Companies like courier services and education services that wanted to expand their network. Companies like NIIT and Aptech, for example, says Marya, can truly be regarded as the torchbearers for franchising in India.
Today franchising business is not just better organised, but is also well received, thanks to the growing awareness in consumers. Another important aspect leading to the growth, says Anjali Grewal who heads Franchise Guru, a body that helps people get into franchisee business, is the growing aspirations of people to turn into entrepreneurs. “With the growth of retail business in India, the awareness in general has grown up. Also, people who always wanted to get into businesses of their own but didn’t have the means or awareness are taking the franchise business route.”
What is also spurring the growth, she says, is growing aspirations of people. Take, for example, the Live-in brand of jeans that she takes care of, “There are upcoming malls in every place. Jeans is aspirational clothing. It makes perfect sense for Live-in to be present in place like Meerut.”
What has also changed, says Gautam Sahni, director, franchise, US Dollar Store, is the fact that people’s aspirations have hit a new high. It’s for the same reason, he says, entrepreneurs are coming up to take franchises of a store like theirs. “I’d say we are present in metros but our real business is in Tier II and Tier III towns, where aspirations are sky high and people want to buy imported things for their homes.”
It’s a little surprise that they began in 2005 and today have 45 stores in 18 states. “From Kohima to Shillong to Dharampur to Solan, you name it and we are there,” says Sahni.
And it’s not one category that is growing when it comes to franchise business. There is horizontal growth across all categories. A pre-school like EuroKids International Pvt Ltd, for example, that began franchising in 2003 today has 450 centres across India and they are doing pretty well in smaller places like Rajpura, Jodpur and Patna. These little places today know a hip new way of education, thanks to the growing disposable incomes.
And if pre-school education gets the kind of importance that it does, it’s little surprise that a brand like Ferns ‘N’ Petals is making it big in say Kanpur, Dehradoon or Patna. Pawan Gadia, vice-president, Ferns ‘N’ Petals Group, explains that the franchisee businesses are growing in India is because they are providing budding entrepreneurs with a ready business. “See, we are cutting their learning curve. They can begin operations from day one and with a brand on their side. They have everything to gain.”
Shahnaz Husain, one of the pioneers of franchisee businesses in India, is pretty impressed with the growth of the franchise market herself. She opened her franchise store in Kolkata way back in 1979. Today her chain of Salons has extended worldwide. Also Shahnaz franchise system is the basis for other ventures like beauty training institutes, lifestyle shops and signature parlours where they provide both spa and salon treatments. Today Shahnaz Husain has 300 franchise salons in India, many of them are in towns like Raipur, Bhatinda, Mathura, Jammu, Silchar, Shillong and Palakkad.
Says Husain, “Today, people are much more aware of global trends, beauty and fashion, thanks to the exposure to media. The world has become a smaller place. There is a high awareness of brand names in small towns, too. Due to the increasing awareness, people in small towns are going in for treatments that they believe will improve the appearances. Also, purchasing power has increased in smaller towns.”
In fact F&B is a sector that is getting very popular as well. Be it franchise Baskins and Robbins, Pizza Hut or food courts like Club City, you name the city and they are there. Sonia Chowdhary, who looks after Club City’s franchise business, explains the logic when she says, “Today if a businessman in Patiala is going out, he wants his family to go to a nice place and to get the right ambience. Also there is more disposable income, so he wouldn’t mind taking them out to a food court.”
Club City, for example, has brands like Club Thai, Club Salad and Dosa Plaza under its umbrella. It’s the ambience of choices, she says, that people find most fascinating. “We are in Patna, Panipat, Ahmedabad and are only getting more queries everyday,” she smiles.
NEWS ARTICLE – May, 2008
Dollar Store Retail Industry news - Franchising India.
MY FAMILY of US DOLLAR STORE - Taking Market By Storm.
BEST BUSINESS OPPURTUNITY OPTION – INDIA RETAIL FRANCHISE .
Have you noticed that one of the aisles in your local supermarket or Wal-mart is now reserved for $1 items? Even though same item, under a different brand name, may be available for a higher price elsewhere in the same store? If so, you’re not alone. US Dollar store franchises have been among the fastest-growing segment of the retailing business for nearly a decade, there were enough US markets into which dollars store franchises had not penetrated that the growth would continue for several more years.
What is of even more concern to traditional retailers is that, as they are bringing sub-$1 off-brand items into their stores, the dollar store franchise owner is now able to get national brands like Crest, Iams, Coca-Cola and Wolfgang Puck, and many a dollar store franchise is now offering a wide selection of frozen foods, dairy products, and breads and pastries.
Franchise Network of US Dollar Store 99 Growing in INDIA
A phenomenon in dollar store franchise ownership is well underway, as we estimate that over 40% of all US households now shop at dollar stores. While their core customer base has been low-income families, as the buying power of the company behind a dollar store franchise increases, so does the variety and quality of it can offer. Form more info see http://www.franchisedollarstore.net/application.aspx.
More and more middle and upper-middle class families have discovered the value of shopping at a dollar store franchise, making the dollar store franchise one of the most attractive opportunities for someone wanting to start his or her own business.
A dollar store franchise capitalizes on closed out, overproduced, and bulk purchase of packaged items which manufacturers are eager to get off their hands without incurring a total loss. So their inventory will change from week to week, but for you as the owner of a dollar store franchise, that can be a big plus--you’ll have customers who may not need a specific item but just stop in to see what’s new.
A Bright Future for franchisees.
If you are concerned that the dollar store franchise market might have already peaked, consider this: with the rising costs of gasoline, every segment of the retail market will have to raise its prices to cover the increase in transportation expenses. That increase will be a lot less likely to drive away dollar store franchise customers than it will those of the traditional retailers. Why?
Because the dollar store franchise, even if it does have to raise its prices, will still be cheaper than the alternatives. The chances are excellent that it will not only keep its existing customers, it will draw new ones who have finally become fed up with their escalating grocery and household goods bills.
Dollar Store franchisee’s also opt for wholesale dollarstore merchandise product sale of dollar store supplies.
We welcome retailers, housewife’s, business entrepreneurs to join our growing successful dollar store retail franchisee family in India. My family of US Dollar Store. Come take a franchise and be successful.
Today’s dollar stores are being opening up in Shopping Mallz, supermarkets, high streets, residential areas etc etc wherever footfalls are present.