CARTRIDGE-WORLD TO EXPAND FRANCHISE NETWORK IN ……..

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CARTRIDGE-WORLD TO EXPAND FRANCHISE NETWORK IN ……..

 user 2010-02-22 at 10:21:00 am Views: 173
  • #23807

    http://www.pr-inside.com/franchisekey-news-cartridge-world-planning-r1719967.htm
    Cartridge World planning to expand its franchise network in India
    According to a report published on the website, http://www.ibtimes.com,
    Cartridge World, one of the leading franchises retailing printer cartridges, opened its sixth franchisee-run store in India last month.In an interview, Mr Naveen Rakhecha – CEO – South Asia, Cartridge World, said: “Cartridge World has a strong presence in all the major Indian cities. We are now looking at aggressively expanding into Tier II and Tier III cities too. At Cartridge World the slowdown has catalyzed our growth process. Even the staunchest ‘OEM only’ user is now ready to give us a chance as cost cutting becomes imperative. The presence of a globally established brand which offers guaranteed service helps them take this first step more reassuringly.”The article also reveals that the franchisor is planning to launch stores in Sri Lanka, Bangladesh and Nepal and expects to have around 250 franchise-run stores across the Indian sub-continent over the next 2 to 3 years.

    About FranchiseKey.com
    FranchiseKey.com is an international online platform for the franchise economy helping franchisors to expand their networks at home and, in particular, abroad. Franchisekey International is based on a joint venture between three leading portals: http://www.ac-franchise.com from France, http://www.quefranquicia.com from Spain and http://www.franchiseportal.de from Germany.

    FranchiseKey is available in 20 countries and in 10 languages , with emphasis having, up to now, been put on Europe. However, FranchiseKey has also taken
    the step beyond Europe opening up websites in large countries such as the USA, Russia and Brazil. The online platform concentrates on providing information like franchise profiles, franchise news and know-how. The FranchiseKey directory contains around 8,500 franchise profiles clearly exceeding the amount offered by its competitors.
    CARTRIDGE WORLD TO EXPAND FRANCHISE NETWORK IN ……..

    http://www.indiainfoline.com/Markets/News/India-printer-copier-and-MFP-market-grew-35-percent-Q4-09-Gartner/4779020939
    India printer, copier and MFP market grew 35% Q4 ’09
    HP with 35% market share, was the leader in Page A4 Flatbed category followed by Samsung, with 28% market share.
    The combined printer, copier and multifunctional product (MFP) market in India totalled nearly 0.7 million units in the fourth quarter of 2009, which represents 34.7 per cent growth over the fourth quarter of 2008 and 18 per cent growth compared to the third quarter in 2009, according to Gartner, Inc.“This strong growth is the result of improving buyer confidence in the market,” said Vishal Tripathi, principal research analyst at Gartner. “Smaller towns and cities outside of the major metropolitan cities, and small and medium businesses, were the growth drivers.”

    Most vendors experienced significant growth in shipments year-on-year in the fourth quarter of 2009. Canon led with a 120 per cent increase, followed by Samsung with 55 per cent and HP with 29 per cent growth (see Table 1). Other than Toshiba and Xerox, all others vendors registered growth in the Indian Market in the fourth quarter of 2009.

    Canon, with 23 per cent market share, again emerged as the No.1 in Page A3 Flatbed Copier/MFP in the fourth quarter of 2009, followed by Ricoh with 18 per cent market share.

    HP with 35% market share, was the leader in Page A4 Flatbed category followed by Samsung, with 28% market share.

    Sales of page printers grew 53 per cent year-on-year. Canon experienced 182 per cent growth year-on-year. Samsung experienced 51 per cent growth year-on-year in the fourth quarter of 2009 and HP with 28 percent increase in shipments contributed to this healthy growth of single function page devices. HP’s market share declined from 56 percent share in the fourth quarter of 2008 to 47 percent in the fourth quarter of 2009. Canon’s market share grew from 18 percent in the fourth quarter of 2008 to 33 percent in the fourth quarter of 2009. 

    In serial Inkjet, HP grew 26 percent in the fourth quarter of 2009 in comparison to the fourth quarter of 2008. However, HP lost its market share by 2 points from 73 percent in the fourth quarter of 2008 to 71 percent in the fourth quarter of 2009. Canon recorded 79 percent growth in the fourth quarter of 2009 as compared to the fourth quarter of 2008, and its market share grew from 12 percent in the fourth quarter of 2008 to 17 percent in the fourth quarter of 2009.The serial dot matrix segment increased 12 percent year on year with Epson being the leader in the India market with 44 percent market share followed by TVSE with 39 percent and WEP with 16 percent.