All India articles – Page 6

  • 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 ...

  • 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 ...

  • 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 ...

  • 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 coming to the market, an indirect entry owing to the ...

  • China has overtaken the US as the world’s largest grocery retail market

    China becomes world's largest grocery market


    China has overtaken the US as the world’s largest grocery retail market.

  • 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 ...

  • Heathrow Airport has reported a record retail sales of £1.7bn.

    Heathrow reports record retail sales


    Heathrow Airport has reported a record retail sales of £1.7bn.

  • 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 ...

  • Delhi, India

    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.

  • News

    Amazon launches


    Amazon has launched in India, a shopping service aimed at small ecommerce providers. allows retailers to showcase their products. At launch, there were more than 12 million products. Vice-president of Amit Agarwal said: “We are excited to give customers in India a single online starting ...

  • 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 ...

  • 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 ...

  • 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 ...

  • Ikea is considering its options in India

    Indian government approves single-brand FDI change


    The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.

  • Kingfisher

    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.

  • Walmart

    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.

  • Walmart cannot currently sell direct to customers in India

    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”.

  • Isabel Cavill

    India’s historic reforms will draw international players

    December 2 2011

    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.

  • A decision could still be two years away

    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.

  • 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 ...