Retail sales to stay flat this year

Retailers expect flat sales this year on the back of low consumer sentiment and a tight credit market, says a Boston Consulting Group report titled ‘Winning with Uncertainty’. To win in the face of these challenges, retailers need to build agility into their business model, the report says. Abheek Singhi, partner at Boston Consulting Group, […]

Amazon plans to storm India with Fulfilment plan

E-commerce giant Amazon.com has launched its website for India with Amazon.in. It is designed to facilitate transactions between buyers and sellers. The marketplace will help Amazon overcome regulatory hurdles which prevents foreign retailers from having an Indian arm directly selling products in India. According to the marketplace model, Amazon does not own any of the […]

New norm to hit e-commerce firms, cash-and-carry chains in India

New Delhi: Indian e-commerce companies and so-called cash-and-carry or wholesale chains such as Bharti Walmart Pvt. Ltd may have to restructure their operations after the industry department on Monday issued a new definition of “group companies”. If a company is able to exercise direct or indirect voting right of at least 26% or appoint at […]

Woodland brings cooling technology for shoes, shirts

The use of technology is not restricted only up to gizmos and gadgets. Now, its turn for shoes and shirts as well. Footwear major Woodland has brought technically innovative cooling shirts and shoes which controls human body temperature in extreme temperature conditions in India. It is the only company in India to offer such tech-based […]

Retail space rentals: Connaught Place sees maximum 12% rise

Retail space rentals in Delhi’s high street Connaught Place have appreciated by 12% — the most among the country’s top eight cities — during the January-March period over the previous quarter, according to property consultant Cushman & Wakefield (C&W). Mumbai’s prime street Linking Road, on the other hand, witnessed the sharpest drop of 12% in […]

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 […]

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 […]

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, […]

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 […]

Reliance Retail crosses Rs. 10,000 crore turnover in 2012-13

New Delhi: Retail business of Reliance Industries Ltd (RIL) crossed the Rs. 10,000 crore mark in turnover during 2012-13, a growth of 42 per cent, on account of continued store expansion across all format sectors. “The retail business accomplished a milestone by crossing a turnover of Rs. 10,000 crore in the last financial year. Turnover […]