All India articles – Page 9
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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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OpinionIndian 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.
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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 ...
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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 ...
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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 ...
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NewsInditex 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.
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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 ...
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AnalysisHow 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
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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 ...
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NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
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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 ...
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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, ...
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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 ...
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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.
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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 ...
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News
Walmart plans to open a further 40 stores in India
Walmart plans to open a further 40 stores in India, according to Indian commerce and industry minister Anand Sharma. “Walmart is very satisfied with its results in India. I was informed by the Walmart CEO that they are looking at opening more stores. He gave me a figure of 40 ...
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News
Spencer’s to focus on hypermarkets and private labels to improve profitability
Food and general merchandise retailer Spencer’s is to focus on hypermarkets and private labels in an attempt to improve profitability. The retailer, which is owned by Indian conglomerate RPG Group, will invest INR1bn (£12m) in rolling out 10 hypermarkets and 15 small-format stores this financial year. It also wants to ...
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NewsMothercare to extend Indian stores network
Mothercare has signed a second joint venture in India, with DLF Brands, the retail division of a local property giant, to accelerate its expansion there.
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NewsMothercare signs new joint venture to further growth in India
Mothercare has signed a new joint venture with DLF Brands to further its expansion plans in India.