All India articles – Page 9

  • 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. However, ...

  • 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


    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.

  • 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 ...

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    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 EBITDA ...

  • 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 will work under Gwyn ...

  • 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 apparel makers including ...

  • 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.

  • News

    Reliance Retail in push for value formats


    Reliance Retail is implementing a five-year plan to grow its value formats, including Reliance Fresh, Reliance Super and Reliance Mart.Through the programme, the company is adopting the tagline ‘Aapki Khushi Hamari Khushi’ (your happiness is our happiness) and said it will strengthen the presence of multi-formats and other retail channels, ...

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    How to crack the challenge of retail in India


    India is a market in transition, where organised retail has only recently made inroads. But how can retailers tap this burgeoning market and what are the pitfalls? John Ryan reports from Mumbai

  • News

    Body Shop to expand in India


    Body Shop has announced plans to increase its number of stores in India from the current 30 to 150 by the end of 2012.Jonathan Price, managing director of Body Shop International (Asia Pacific), said: “The Indian market is very important for us. It was the fastest growing in the Asia ...

  • Ted Baker

    Ted Baker sets sights on India despite global trading challenges


    Ted Baker is targeting India as it continues to expand into new markets.

  • News

    Shoprite confirms plan to exit India


    Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...

  • News

    Future Group in talks for foreign tie-ups


    Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani.He would not name the overseas retailers being considered for a tie-up, although ...

  • News

    Shoprite to sell Indian operations to Future Group


    Shoprite is preparing to sell its operations in India to Future Group, according to unconfirmed reports in the local media.It has been rumoured that Future Group is ready to buy the Shoprite store in Mumbai, and take on the employees there.Shoprite has reportedly called off its franchisee deal with Indian ...

  • News

    Pantaloon Retail reports profits


    Pantaloon Retail reported INR500.7m (£6.8m) net profit for the second quarter ended December 2009, a 51.1% increase on the previous year.Income from operations stood at INR19.13bn (£258.9m), a 25.4% jump.

  • News

    Future Group opens 900 stores


    Future Group plans to dramatically expand its KB’s Fair Price discount grocery fascia, opening up to 900 stores.Locations for the new sites have yet to be finalised; the retailer is expected to expand its presence in regions it already operates in such as Delhi, Mumbai and Bangalore.Customer director Damodar Mall ...