Food chains creating Buzz in Chandigarh

With Buzz opening today a swank and up-market fast food restaurant in Chandigarh, the city has suddenly become a hot spot for food chains. Buzz – a franchise of Buzz Delhi – comes on the heels of Underdoggs, Coffee Bean & Tea Leaf, Rajdhani, NYPFC, KFC, Sindhi’s, Nandos, Spanish Spaghetti, Sams Pizza, McDonalds, Sundrams and […]

Myntra.com eyes Rs 800 cr turnover in 2013-14

Portal for fashion and lifestyle products Myntra.com today said it is aiming to double turnover from e-commerce business to Rs 800 crore this fiscal by investing in brand promotion and penetrating in smaller cities. “We are targeting to double our turnover from Rs 400 crore in 2012-13 to Rs 800 crore in 2013-14,” portal’s co-founder […]

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, […]

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 […]

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 […]

Government extends term of Walmart lobbying probe panel till May

New Delhi: The government-appointed probe panel, which is looking into Walmart’s lobbying with the US lawmakers for facilitating India entry, got a one-month extension on Thursday in its tenure till the end of May. The one-man inquiry committee, which was set up by the government in January this year, was earlier asked to submit its […]

Snapdeal growth surge gets eBay’s interest

Shilpa Gupta and her colleagues have caught the online shopping bug. Each morning, the human resources staffers for an Indian newspaper try to guess whose purchases will arrive that day. Increasingly, their packages arrive from Snapdeal.com, one of India’s fastest-growing e-commerce sites. The three-year-old startup has caught the attention of eBay, which recently led a […]

Australian retail trainer sets up shop in Hyderabad

Hyderabad: Australian retail training provider First Impressions Resources has started operations to provide training with a college in Hyderabad. The Australian Retail College (India) it has started will be a joint venture with GREAT (India), a business school for retail management. The joint venture wants to take advantage of the retail sector which is among […]