All India articles – Page 8

  • News

    Carrefour considers JV with Future Group in India


    French retailer Carrefour may announce plans for a joint venture with Future Group in India soon, as chief executive Lars Olofsson is expected to visit India later this month or early February. The retailer is known to be in talks with India’s largest retailer Future Group, and has reportedly ...

  • News

    Future Group is to increase its focus on private brands to drive sales and margins


    Future Group is to increase its focus on private brands to drive sales and margins across its formats. Business head of private brands Devendra Chawla said: “We would like to focus on private brands such as Fresh Pure, Tasty Treat and Clean Mate rather than in-store labels that ...

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    Carrefour enters India solo with cash and carry store

    January 7 2011

    Following in the footsteps of its global rivals, Carrefour has finally entered the Indian market with its first cash and carry store

  • News

    Emart aims for £557m in turnover and to expand stores by 40% annually


    Electronics retailer Emart is targeting turnover of 4,000 crore (£557m) in the next three to four years and will expand its store count by about 40% annually. Sunil Mehta, chief executive of Emart’s electronics business Next Retail, said that the chain expected to reach 1,000 stores by the end of ...

  • News

    Christmas sales increases for retailers in India


    Retailers have reported strong increases in sales over the Christmas weekend, as rising confidence levels in a fast-recovering economy encouraged shoppers to spend more. Future Group’s department store Pantaloons reported a 30% increase in sales over last year and a 20% rise in footfall. Top selling items included partywear, formalwear, ...

  • News

    Carrefour to enter India through partnership with Future Group


    Future Group is working on plans to join up with French hypermarket chain Carrefour and bring the retailer’s stores to India, The Economic Times reports. Citing ‘sources in the know’, the newspaper says that Future Group chief executive Kishore Biyani is currently in Paris to finalise the details of ...

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    The Body Shop seeks growth in India


    The Body Shop is gunning to reach 150 stores by 2014 in India.

  • News

    Apollo Pharmacy to divest 49% stake in pharmacy chain division


    Apollo Hospitals, parent company of Apollo Pharmacy, has said it plans to divest of its 49% stake in its pharmacy chain division in order to generate growth funds. Apollo Hospitals executive director of finance Suneeta Reddy told reporters the company would also explore the option of listing the pharmacy unit. ...

  • News

    Shoppers Stop turnover soars 23%


    Variety retailer Shoppers Stop posted a 23% jump in retail turnover to INR5.08bn (£70.5m) for the quarter ended September 30. Net profit soared 44% to INR174m (£2.4m).

  • News

    Pantaloon Retail to add 15m sq ft of retail space by 2014


    India-based Pantaloon Retail has announced plans to invest INR2,100 crore (£280.1m) over the next three years on expansion. Speaking to investors at the company’s AGM, chief executive Kishore Biyani said that the funds would be used to add 15 million sq ft of retail space by 2014. “The funds will ...

  • News

    Shoppers Stop Q2 turnover increases 23%


    Shoppers Stop reported a 23% jump in turnover for its second quarter ended September 30. Turnover reached INR509 crore (£7.1m) compared with INR412 crore (£5.7m) for the prior-year period. Net profit soared 44% to INR17.4 crore (£243,855) against INR12.1 crore (£169,550) the previous year. “The surge in consumer confidence has ...

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    A world of international retail opportunities

    October 29 2010

    Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher

  • News

    Higher than expected sales for Indian retailers during Diwali


    Indian retailers reported higher than expected sales during the festive Diwali season, with premium electronics emerging as one of the strongest categories. Products such as 3D, LED and large LCD and plasma televisions, white goods, branded clothing, cameras and Smartphones were among those pushing up average bill sizes by 15% ...

  • 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.

  • News

    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. ...

  • News

    Reliance Retail to triple stores



  • News

    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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    Walmart calls on India to relax retail investment

    July 30, 2010

    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.