All India articles – Page 6
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News
Spar International’s partnership with Max Hypermarkets to end
Spar International’s partnership with Landmark Group’s Max Hypermarkets is to come to an end in December. Both companies are to pursue separate strategies to expand their retail presence across the country. A Spar spokesman said: “Spar now wishes to extend its footprint nationwide through new partnership arrangements with a ...
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News
Walmart’s global ecommerce division to double hiring target in India
Walmart ’s global ecommerce division is doubling its hiring target in India to 200 employees to revamp the retailer’s ecommerce platform. Over the last five months, @WalmartLabs – which operates under Walmart’s global ecommerce unit – has been building Indian operations with a focus on social and digital technology. Jeremy ...
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News
Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities. Walmart highlighted it has no plans at present to enter Russia but said ...
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News
Bharti Walmart to establish online operations in India
Bharti Walmart is likely to set up an online operation in the country with the grocer reportedly looking to partner with domestic ecommerce companies. Online retailing is gaining ground in India with several companies such as Amazon ’s Jungle.com coming to the market, an indirect entry owing to the ...
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NewsChina becomes world's largest grocery market
China has overtaken the US as the world’s largest grocery retail market.
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News
Pantaloon Retail in talks to acquire Big Apple stores
Future Group-owned Pantaloon Retail is in talks to acquire Express Retail Services-owned Big Apple’s stores. Big Apple operates 65 neighbourhood shops in Delhi. The takeover is expected to be valued at around INR2.5bn (£30.7m). Big Apple recently launched an online home delivery service – which is not part of the ...
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News
Heathrow reports record retail sales
Heathrow Airport has reported a record retail sales of £1.7bn.
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News
Pantaloon Retail to leave joint venture with Staples
Future Group-owned Pantaloon Retail in India plans to leave its joint venture with office retailer Staples by June. The change is part of the group’s strategy to raise funds and focus on core retail operations. The joint venture agreement with Staples, signed in 2007, gives the US-based retailer an option ...
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Analysis
A safe passage to India
India is one of retail’s most attractive developing markets, but it’s also one of the most difficult to enter. Liz Morrell reports on how the doors are beginning to open.
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News
Amazon launches Junglee.com
Amazon has launched Junglee.com in India, a shopping service aimed at small ecommerce providers. Junglee.com allows retailers to showcase their products. At launch, there were more than 12 million products. Vice-president of Amazon.com Amit Agarwal said: “We are excited to give customers in India a single online starting ...
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News
Metro Cash & Carry to invest in India
Metro Cash Carry is to invest more than €100m (£84m) to strengthen its presence in India. At present, Metro operates nine stores at six locations in India –Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana – and aims to increase the store number to 50 shortly. The retailer has ...
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News
Amazon considering entering India
Amazon may enter India via the launch of its market place platform in a bid to overcome foreign direct investment restrictions on multi-brand retail, it has been reported. Industry sources said the etail giant had already struck deals with other online retailers in preparation for the launch, which would ...
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News
Abercrombie & Fitch considers India expansion
Abercrombie Fitch staff have visited India as it considers setting up shop in the country. An Abercrombie Fitch spokesperson said: “We are constantly evaluating new opportunities for our brands, including new countries, for expansion.” Gap is also said to have stepped interest into the ...
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News
Indian government approves single-brand FDI change
The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.
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Analysis
Which are the most exciting emerging markets?
So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.
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News
Indian retail investment talks suspended
The Indian government has suspended talks to allow foreign investment from the world’s largest retailers with no clear timeframe in place to re-start discussions.
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News
Indian foreign investment proposals put on hold
Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.
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Analysis
India’s historic reforms will draw international players
The Indian cabinet has passed the bill on foreign direct investment (FDI) and agreed to allow 51% holdings in multi-brand and 100% in single-brand retail, making it one of the biggest economic reforms in the country’s history.
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News
Indian cabinet approves foreign investment in retail
The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.
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News
Pantaloon posts financial results for first quarter
Future Group-owned clothing retailer Pantaloon has posted financial results for its first quarter ended September 2011. The company’s consolidated net sales were INR3,180.26 crore (£422.1m) compared with INR2,750.76 crore (£372.3m) in the comparable period last year, an increase of 15.61%. Consolidated net profit plummeted 36.33% to INR15.05 crore (£1.9m) in ...
