All India articles – Page 5
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OpinionComment: Tesco’s Chinese deal exposes difficulties of BRIC entry
It might finally be time to put one of the great myths of global retailing to bed. Contrary to popular belief, the BRIC markets are actually a bit rubbish. OK, I may be oversimplifying things slightly, but this observation is certainly the case when it comes to grocery retailing.
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AnalysisInternational analysis: Walmart weighs up its options in India
Speculation is rife that Walmart plans to exit its wholesale joint venture with India-based Bharti group, and that it is considering a front-end retail launch in the country.
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OpinionComment: Walmart, Tesco and Carrefour can bring expertise to India
While the UK was basking in the recent heat wave, I decided to visit monsoon-soaked Mumbai to tour stores and meet those ‘in the know’.
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AnalysisInternational analysis: Amazon marketplace makes debut in India
Amazon has launched a new online marketplace in India as it seeks to further establish itself in one of the world’s fastest growing ecommerce markets
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AnalysisInternational analysis: Ikea’s plans to enter India win cabinet approval
Ikea’s proposals for market entry into India have been approved by the Cabinet Committee on Economic Affairs.
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News
H&M moves closer to Indian debut
H&M is moving closer to its Indian debut.Having consulted the Indian government, the value fashion retail giant is likely to propose an initial investment of around INR700 crore (£85m) in the country. H&M said it would comply with the investment rules for single-brand retailing, including the mandatory 30% local sourcing, ...
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AnalysisInternational analysis: Flipkart goes head-to-head with Amazon in India
Indian ecommerce group Flipkart has launched its long-awaited Marketplace platform for third-party sellers.
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News
Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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News
H&M considers India store openings
H&M is considering opening stores in India to tap into growing opportunities after recent government liberalisation measures.H&M said it was preparing to apply to launch wholly owned subsidiaries in the country. It aims to cater for a growing urban middle-class keen for Western-lifestyle products. In a statement released by the ...
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News
Spar International to return to India
Spar International plans to return to India by the year-end. Managing director Gordon Campbell said the retailer is in talks with a number of regional chains to sign licensing agreements.He said India is a crucial market for Spar and the company is seeking multiple partners for different regions.“India will be ...
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News
Zara's Inditex Trent posts first half profits
Zara’s Indian business, Inditex Trent, has posted profit in two of the three years it has been in the market. In the first half of 2012, Inditex in India made profits of INR383m (£4.5m) and INR225m (£2.66m) for the previous two financial years, documents filed with the registrar of companies ...
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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News
US clothing retailer Gap prepares to enter India
US clothing retailer Gap is preparing to enter India in 2014.Rajiv Malik, general manager for sourcing in India, would not confirm whether Gap planned to enter the market on its own or with a local partner.
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News
Uniqlo to team up with Arvind Lifestyle Brands
Fast Retailing’s Uniqlo banner is to team up with Arvind Lifestyle Brands to build a $1bn (£631m) business in India by the end of the decade.The Times of India reported that Fast Retailing is finalising an equity joint venture to further expansion in the growing Indian market. A deal is ...
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News
Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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Electricals chain Reliance Digital aims to ramp up store count
Consumer electricals chain Reliance Digital is aiming to ramp up its store count from 104 to 500 by March 2014.To strengthen back-end operations, the company plans to up its warehouse count from 21 nationwide to one in every state.
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Walmart India spends $25m (£15.5m) on lobbying activities
Walmart in India has spent $25m (£15.5m) since 2008 on lobbying activities to facilitate its entry into the country, the BBC has reported. The revelation sparked angry exchanges in India’s parliament.The opposition Bharatiya Janata Party called for an investigation into Walmart’s lobbying.
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News
Foreign Investment Promotion Board deals Ikea India a blow
Ikea’s application to enter the Indian market has been dealt a blow by the government’s Foreign Investment Promotion Board (FIPB), The Economic Times reported.The FIPB, which approved the retailer’s application last week, has blocked Ikea from setting up its Swedish food markets or restaurants within its stores. FIPB ruled that ...
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News
Walmart takes action over corruption probe
Walmart has suspended several associates of its joint venture company Bharti Walmart as part of an ongoing corruption probe.Walmart has not disclosed the nature of its inquiry or the specific allegations it is looking into.
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Flipkart adds one-click payment service to website
Etailer Flipkart has added a ‘Save Cards’ feature to its website, allowing customers to check out with a one-click payment. It has been reported that the retailer has built its own payment gateway to store card details, allowing Flipkart increased control over the user experience. The new one-click system will ...