All India articles – Page 8
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News
Walmart to partner with "kirana"
Walmart has indicated its willingness to partner with ‘kirana’ or traditional mom and pop stores in India
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Future Group plans new electronics retailing format launch
Future Group is planning to launch a new electronics retailing format, which is a hybrid of e-Zone, its bricks-and-mortar electronics retailing arm, and its ecommerce portal Futurebazaar.com.
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NewsIndia to welcome foreign supermarkets within months
India is set to open its doors to foreign supermarkets within the next four months as it looks to welcome multi-brand grocers as majority partners for the first time.
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NewsOverseas helps Clarks profits to break £100m
Clarks’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.
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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 arrived at ...
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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 can only ...
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AnalysisCarrefour enters India solo with cash and carry store
Following in the footsteps of its global rivals, Carrefour has finally entered the Indian market with its first cash and carry store
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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 ...
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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, ...
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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 a joint ...
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NewsThe Body Shop seeks growth in India
The Body Shop is gunning to reach 150 stores by 2014 in India.
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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.During ...
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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).
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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 ...
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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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AnalysisA world of international retail opportunities
Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher
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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% ...
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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.
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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. However, ...