Sleeping ad giant Amazon finally stirs

San Francisco/New York: Amazon.com Inc is known in the advertising industry as the “sleeping giant” because the world’s largest Internet retailer harbours a trove of consumer-spending data that many marketers have called an unrealized opportunity. Now it’s awakening to the potential. After running ads on its own website for years, the company has taken the […]

Walmart continues US lobbying on ‘FDI in India’

Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant’s US lobbying activities for facilitating its India entry. In its latest lobbying disclosure report filed with the US Senate and the House of Representatives for […]

Tesco treads cautiously in India

While talking about Tesco’s plans for India, China and Turkey last week after the announcement of the retailer’s 2012-13 results, Chief Executive Philip Clarke was particularly silent on its India plans. Save for a passing reference, there was no word on opening stores in India or the size of the potential investment. Tesco insiders say […]

Groupon India ties up with Croma to sell products online

NEW DELHI: E-commerce company Groupon India today joined hands with Tata Group multi-brand retail chain Croma to sell electronic products across the country. “We offer very good deals for restaurants and other places and are very strong in some categories like fashion. With this tie-up, we will be now offering electronics and Croma is the […]

Swiss watchmaker Raymond Weil to expand presence in India

Swiss luxury watchmaker Raymond Weil is looking at setting up three more stores and also expand its presence in multi-brand outlets in the country. “We have been in India for a long time and we have received appreciation across segments, especially women. We have stores across the metros and are now looking at cities like […]

Wal-Mart CEO’s pay jumps 14.1 percent to USD 20.7 million

Wal-Mart Stores Inc Chief Executive Mike Duke earned USD 20.7 million last year, up from USD 18.1 million a year earlier, as the world’s largest retailer grew despite a sluggish U.S. economy and concerns over alleged international bribery.   Duke’s cash incentive payment in fiscal 2013 was nearly USD 4.4 million, up from nearly USD […]

Out-of-town retail: The viability of value

Selling off the damaged or out-dated products has always been a nerve-wrecking task for retailers. However, they can liquefy their obsolete products on discounts to consumers who want to get branded stuff at reasonable rates. Retail companies can offload factory surplus stock at discreet stores located on highways and city outskirts. Big hypermarkets, cash-and-carry outlets, […]

Flipkart allows third-party sellers on its website

In a bid to bring independent sellers and buyers together, Flipkart Online Services Pvt. Ltd., which runs India’s biggest online shopping portal flipkart.com has launched Flipkart Marketplace. It will virtually bring sellers and buyers at one place from where they can do the transaction. This will mean that a third party merchant can sell his […]

Jewellers who take gold on lease & hedge get a shield against fall

KOLKATA | MUMBAI: Gold’s spectacular fall was a bonanza for retail buyers, but a mixed bag for jewellers and traders. Top-end jewellers with professional treasury operations sailed past the storm and are feasting in the gold rush, but the smaller ones, spoilt by the 12-year bull run, suffered as they didn’t bother to hedge their […]

Baby products retailer Prowl Germany to invest Rs.600 cr in India

  Mumbai: Prowl Germany UG, a multi-brand retailer of baby products, plans to invest Rs.600 crore in India in the next 4-5 years to set up a manufacturing plant and a chain of stores, said a senior company executive.   The company formed a distribution partnership in January with Kochi-based Zaal Commercial Pvt. Ltd for […]