Govt to take call on IKEA’s FDI proposal on Monday

The Finance Ministry is likely to clear IKEA’s proposal to open cafeterias at its proposed mega retail outlets when the Foreign Investment Promotion Board (FIPB) reviews the Swedish furniture major’s request tomorrow. The FIPB , headed by Economic Affairs Secretary Arvind Mayaram, has already allowed IKEA to invest Rs 4,200 crore to undertake single brand retailing of […]

Otter Company to display new apparel lines at PGA

American apparel maker The Otter Company announced plans to exhibit at the 60th PGA Merchandise Show, Jan. 24-26, 2013, at the Orange County Convention Center, in Orlando, Fla.   “We’re pleased to again join the industry to debut our all-new 2013 outerwear collection to golf’s most influential retailers from around the world,” said Martin Stebbins, […]

Building customer loyalty: Online retailers like Groupon, Zivame & Goibibo directly interacting with consumers

It is rare for dozens of high net-worth individuals to come together for anything other than a business event, but online jewellery retailer CaratLane managed to attract more than 30 HNIs for a diamond appreciation session in Hyderabad last month. The CaratLane event-held exclusively for privy league customers of Kotak Mahindra  Bank-was one of the latest examples […]

Fashion forecast 2013

From Dolce and Gabbana’s lace dress to Sabyasachi Mukherjee and Ritu Kumar’s outfits, baroque lace woven intricately into blouses or dresses will make a sensual dominance in the next year. High-profile couturiers turn to prêt: Minus his usual six-figure price tag, Tarun Tahiliani will introduce translucent tunics, lungi skirts and draped dresses in his flagship […]

Hero offers more dealer dollies

Hero MotoCorp, India’s biggest two-wheeler manufacturer, is offering additional commissions to its dealers across the country in order push sales in the traditionally slack month of December. The company is offering additional commission of Rs750 per vehicle on incremental sales over December last year. The scheme, however, has received lukewarm response from the dealers, according […]

TBZ expands footprint in Maharashtra and Gujarat

Tribhovandas Bhimji Zaveri Limited (“TBZ”), a well-known and trusted jewellery retailer in India with a legacy of over 150 years is expanding its store network in Maharashtra and Gujarat by launching two new stores today, one in Vasai (W) and other in Bhavnagar.  This foray in the Vasai-Virar belt will cater to fast-growing local communities […]

Woodland launches ‘Leave No Trace’ initiative

Woodland, the leading Adventure Outdoor gear brand formally announced the launch of its initiative ‘Leave No Trace’ in Goa while partnering with Asia’s most awaited music & dance festival – Sunburn Goa 2012.   Mr. Harkirat Singh, Managing Director, Woodland along with The Goan Woodland ProPlanet Ambassador Malaika Vaz announced the campaign with an aim […]

Online retailer Peches releases exciting new lingerie line

Peches, the favorite lingerie online store of most Indian women, has come up with some exciting new lingerie lines to heat up the holiday season. These exciting new additions are being touted as the fashion accessories of the season and have already received favorable comments from various reviewers.   To top this, various discounted offers […]

TEA welcomes additional incentives on exports

Extension of 2% interest subvention for one more year, up to 31st March, 2014 will help to increase the competitiveness and the exporters could also plan in advance and workout the costing accordingly.  The Granting of incentive on incremental exports made during the period January-march 2013 over the base period January-March 2012 for the IEC […]

Dull year for retail but FDI was silver lining

It was a tough year for most retailers as domestic chains such as Reliance Fresh, Bharti Retail and Aditya Birla retail made losses. The largest retailer, The Future Group, went for a massive restructuring exercise. It tried to reduce its debt and even sold stake in some of its group companies. Most retailers downsized and […]