All India articles – Page 6
-
AnalysisInternational analysis: Auchan signs franchise deal to power growth in India
French grocer Auchan has signed a franchise agreement with Landmark Group (India)-owned Max Hypermarkets to develop hypermarkets in India.
-
News
Amazon launches Indian Kindle Store
Amazon has launched an Indian Kindle Store on Amazon.com . The India Kindle Store offers more than 1 million books, now priced in Indian rupees, including 70 of 100 Nielsen Bestsellers. Customers can now purchase the Kindle ereader at Croma stores across India. Amazon vice-president of Kindle Content Russ ...
-
News
Net sales increase for Pantaloon Retail
Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m). The retailer added 2.37 million sq ft in the year, taking its total retail space to ...
-
News
Inditex’s joint venture with Tata Group deferred
Inditex’s proposal for a joint venture with Tata Group for its brand Massimo Dutti was deferred by the Foreign Investment Promotion Board (FIPB), the authority that clears foreign investment in India. The FIPB said the investment was not being made by Inditex but by its 100%-owned subsidiary Zara Holdings BV, ...
-
News
Future Group to sell stake in Future Capital Holdings
Multi-format retailer Future Group is to sell its stake in Future Capital Holdings (FCH) to private equity firm Warburg Pincus. As part of the transaction, Pantaloon Retail and its subsidiary Future Value Retail will sell their stake in FCH to Cloverdell Investment Limited, an affiliate of Warburg Pincus. V Vaidyanathan, ...
-
News
Bharti Walmart to open Best Price Modern Wholesale store
Walmart ’s joint venture Bharti Walmart is to enter Gujarat with a 50,000 sq ft Best Price Modern Wholesale store, to open later this year. The retailer said: “We plan to open 12 to 15 Best Price Modern Wholesale stores in 2012, mainly in south and west India.” It also ...
-
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 Jungle.com coming to the market, an indirect entry owing to the ...
-
NewsChina 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 ...
-
NewsHeathrow 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 ...
-
AnalysisA 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 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 ...
-
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 ...
-
NewsIndian government approves single-brand FDI change
The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.