All India articles – Page 8

  • Body Shop

    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 ...

  • Greg Hodge cutout

    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 ...

  • News

    Wadhawanto shut Spinach stores


    Wadhawan Retail is to shut its Spinach food and grocery stores. Most of the 45 Spinach stores are to close by the end of this month and many suppliers are said to have ended their relationship with the company due to outstanding bills. Spinach has 35 stores in Mumbai and ...

  • perry joanna cutout

    Indian take-aways


    The Prime Minister has taken a delegation out to India to show off our businesses and culture; but when it comes to retail and technology the ideas flow won’t be all one way.

  • News

    Aditya Birla opens 8th Hydrabad hypermarket


    Grocer Aditya Birla has opened its eighth hypermarket in Hyderabad, and taken the opportunity to reiterate its aggressive expansion and private-label strategies. Chief executive Thomas Varghese said that Aditya Birla intends to grow private-label sales to 30% across the FMCG, clothing and general merchandise categories. The group expects to be ...

  • News

    New Reliance team charged with doubling business in 5 years


    Reliance Retail has hired an expert retail management team from Thailand and Europe to spearhead its retail business. “The company has hired a team of 35 senior executives from various retail giants like Tesco Lotus of Thailand, European retail giant Morrisons and the US retailer Walmart . It ...

  • News

    Gap to enter India


    Gap has revived plans to enter the Indian market, according to the local press. Ron Young, senior vice-president of Gap International Strategic Alliances, was recently in the country, suggesting that the company is making preliminary moves to set up shop in India. Gap’s team has sounded out prominent Indian ...

  • Inditex and H&M break into new markets

    Inditex and H&M break into new markets


    Two of Europe’s largest fashion retailers Inditex and H M have taken their first steps into new growth markets this week; with Inditex opening its first store in India and H M announcing its first opening  in Turkey.