Sangam Suitings to launch ad campaign with Virat Kohli

Sangam India, the leading textile conglomerate has stepped up its brand communication efforts. Come July, it will release its print campaign conceptualised by TBWA India. The campaign will feature its brand ambassador – Virat Kohli. The concept lies in brand positioning ‘You are what you wear’. The clothes are designed and styled under the designer […]

India- A tough market for retailers

Deep pockets come in handy in a downturn, an advantage Reliance Brands, a unit of Mukesh Ambani-controlled Reliance Industries, aims to press as rivals in India’s battered retail sector scale back expansion plans to weather a slowing economy. India is a tough market for retailers, with same-store sales growth slowing to single digits at many […]

Abercrombie & Fitch to close 180 US stores

Teen apparel retailer Abercrombie & Fitch Co. is planning to close 180 US outlets over the next few years. The retail chain has already shutdown 135 underperforming stores in the US over the past two years. In the past, Abercrombie & Fitch performed well in the US, but the company has lately shifted its focus […]

Shop by day, party by night

Next time you go shopping at your favourite store, you may be in for quite an earful. With Mumbai’s nightlife scene hitting an all-time low of late, the revelries seem to have shifted to an alternative venue — retail outlets. Last month, international clothing company, Bestseller, which owns brands like Vero Moda, Only and Jack […]

Sangeetha Mobiles to raise Rs 100-cr PE fund

Bangalore-based mobile phone retail chain, Sangeetha Mobiles Private Limited, is planning to raise Rs 100 crore through the private equity route to fund its pan-India expansion besides launching its private-labelled GSM mobile handset. The company expects its retail business to grow from Rs 400 crore last year, to Rs 600 crore this financial year, according […]

Retail Trainer @ Bangalore, Hyderabad

IndiaSkills With the pedigree of two pioneers in education City & Guilds and Manipal Education, IndiaSkills aims to provide world-class skills training, leading to respectable employment. IndiaSkills offers a wide range of qualifications across different industry verticals. For the industry, this translates to a job-ready workforce with first day, first hour productivity. Empowering people with […]

DIPP sees IKEA as ‘test case’ for single-brand retail FDI policy

The department of industrial policy and promotion (DIPP) is ready to consider some of IKEA’s significant demands, even as it feels the proposal by the Scandinavian furniture giant is a “test case” to interpret the foreign direct investment (FDI) policy on single-brand retail “in a more efficient manner”. This, the department feels, would pave the […]

Govt to seek Bihar’s support on FDI in multi-brand retail

Brussels:Commerce and Industry Minister Anand Sharma has said he will soon write to Bihar Chief Minister Nitish Kumar seeking his support on the politically sensitive issue of allowing foreign investment in multi-brand retail. The Minister, who was here on a two-day visit, said that seven Chief Minsters including Maharashtra, Haryana, Andhra Pradesh, Delhi, Assam, Rajasthan […]

Videocon to sell 40% in Next Retail

Mumbai:Television and electronic appliance maker Videocon Industries, which has interest in oil and natural gas, will sell a 40 per cent stake in its retail chain Next Retail India, a senior company official said. “The company has appointed investment banker Morgan Stanely India to find a buyer,” Videocon Industries chairman Venugopal Dhoot said on Monday. […]

Bhagwati Banquets to do a CCD, Barista

In a bid to revive its confectionary business, Ahmedabad-based Bhagwati Banquets and Hotels (BBH) is set to go the Cafe Coffee Day way. The company will set up about 150 cafe-cum-bakery outlets in cities like Mumbai, Ahmedabad and Pune in next one year. “While we had been running a few bakeries in Ahmedabad and around, […]