All India articles – Page 9
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News
Toys R Us claims it won't be opening stores in India
US-based toy retailer Toys R Us has said it won’t be opening stores in India, following reports of a link-up with Reliance Retail. The company released a statement of denial after various news sources reported a link between the two retailers.
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Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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Reliance Retail to enter smaller towns and introduce grocery home delivery
Reliance Retail is pushing ahead with a rapid expansion drive, which will include entry into smaller towns and the introduction of a home delivery service for groceries. The plan is to expand its presence in urban markets, moving from Tier I and Tier II cities down to Tier IV cities ...
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AnalysisWalmart calls on India to relax retail investment
Walmart has called on the Indian government to relax Foreign Direct Investment laws that do not allow foreign investment in multi-brand retail, but do allow 51% foreign investment in single-brand retail and 100% in wholesaling. Walmart said it would open hundreds of stores in India if it were to change its laws.
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Wadhawanto shut Spinach stores
Wadhawan Retail is to shut its Spinach food and grocery stores. Most of the 45 Spinach stores are to close by the end of this month and many suppliers are said to have ended their relationship with the company due to outstanding bills. Spinach has 35 stores in Mumbai and ...
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OpinionIndian take-aways
The Prime Minister has taken a delegation out to India to show off our businesses and culture; but when it comes to retail and technology the ideas flow won’t be all one way.
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Aditya Birla opens 8th Hydrabad hypermarket
Grocer Aditya Birla has opened its eighth hypermarket in Hyderabad, and taken the opportunity to reiterate its aggressive expansion and private-label strategies.Chief executive Thomas Varghese said that Aditya Birla intends to grow private-label sales to 30% across the FMCG, clothing and general merchandise categories. The group expects to be EBITDA ...
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New Reliance team charged with doubling business in 5 years
Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business.“The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart. It will work under Gwyn ...
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Gap to enter India
Gap has revived plans to enter the Indian market, according to the local press.Ron Young, senior vice-president of Gap International Strategic Alliances, was recently in the country, suggesting that the company is making preliminary moves to set up shop in India.Gap’s team has sounded out prominent Indian apparel makers including ...
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NewsInditex and H&M break into new markets
Two of Europe’s largest fashion retailers Inditex and H&M have taken their first steps into new growth markets this week; with Inditex opening its first store in India and H&M announcing its first opening in Turkey.
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Reliance Retail in push for value formats
Reliance Retail is implementing a five-year plan to grow its value formats, including Reliance Fresh, Reliance Super and Reliance Mart.Through the programme, the company is adopting the tagline ‘Aapki Khushi Hamari Khushi’ (your happiness is our happiness) and said it will strengthen the presence of multi-formats and other retail channels, ...
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AnalysisHow to crack the challenge of retail in India
India is a market in transition, where organised retail has only recently made inroads. But how can retailers tap this burgeoning market and what are the pitfalls? John Ryan reports from Mumbai
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Body Shop to expand in India
Body Shop has announced plans to increase its number of stores in India from the current 30 to 150 by the end of 2012.Jonathan Price, managing director of Body Shop International (Asia Pacific), said: “The Indian market is very important for us. It was the fastest growing in the Asia ...
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NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
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Shoprite confirms plan to exit India
Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...
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Future Group in talks for foreign tie-ups
Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani.He would not name the overseas retailers being considered for a tie-up, although ...
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Shoprite to sell Indian operations to Future Group
Shoprite is preparing to sell its operations in India to Future Group, according to unconfirmed reports in the local media.It has been rumoured that Future Group is ready to buy the Shoprite store in Mumbai, and take on the employees there.Shoprite has reportedly called off its franchisee deal with Indian ...
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Pantaloon Retail reports profits
Pantaloon Retail reported INR500.7m (£6.8m) net profit for the second quarter ended December 2009, a 51.1% increase on the previous year.Income from operations stood at INR19.13bn (£258.9m), a 25.4% jump.