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News
Retail News
Showing 1 - 15 News out of 6367
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Iba Halal Care raises Series A1 funding
Ahmedabad-based Ecotrail Personal Care Pvt. Ltd. that owns the personal care and cosmetics brand – Iba Halal Care – has raised Rs 15 crore in series A1 funding from Bangalore-based Addvantis Enterprises, LLP. that owns the ayurvedic aromatherapy skin care and hair care brand – Vedaearth. Iba Halal Care was launched in 2014 by
September 21, 2018
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Softline leggings ropes in Anushka
Premium leggings brand - Softline Leggings, is set to revamp their brand identity, and get on-board a new face - youth icon, Anushka Sharma as brand ambassador. Softline leggings, from the house of Rupa & Company Limited; one of India’s largest knitwear organization, has always pushed the envelope in terms of innovation, variety and comfort. Their range of premium leggings are wardrobe essentials for women seeking ease with a
September 21, 2018
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Amazon may open more than 3,000
Amazon.com Inc is mulling to extend the Amazon Go stores upto 3,000 new over next few years as reported by leading media resources. Shares of U.S. supermarket chains Kroger Co and Target Corp fell between 1 and 2 percent following the news. Amazon shares were down about 1 percent. The company currently has three Amazon Go stores in Seattle, and plans to expand in Chicago, San Francisco and New
September 20, 2018
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Siyaram’s launches superstar Ranveer
Siyaram Silk Mills Limited, ropes in one of the biggest youth icons of the country, superstar Ranveer Singh as the new face of their brand - Siyaram’s. With a rich legacy of 40 years, Siyaram’s men’s wear fashion is synonymous with high quality, continuous innovation and iconic futuristic designs which are local at heart and international in appeal. Siyaram’s association with Ranveer Singh, who is hugely followed
September 20, 2018
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Samara-Amazon acquires Kumar Mangalam
Amazon and Samara Capital has acquired Aditya Birla Group’s food and grocery retail chain, More, for an enterprise valuation of around Rs 4200 crore as reported by leading media resources. Presently, ABRL owns and operates 575 More stores. As per the information available home grown private equity fund, Samara acquired majority 51% in Kumar Mangalam Birla’s ABRL while Amazon's investment
September 20, 2018
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Walmart hires expats for senior roles in
Walmart has appointed four senior leaders from the US retail giant have been appointed at the Flipkart Group level. This development has come just weeks after Walmart gaining majorty stake in Flipkart. As per the information available with leading media resources, Walmart's M&A head Emily McNeal will join the Flipkart Group as senior vice president and group chief financial officer, Other senior executives from Walmart
September 19, 2018
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Aditya Birla Fashion forays into women's
Aditya Birla Fashion and Retail Ltd ( ABFRL) has made its foray into women innerwear and athleisure market under its Van Heusen brand as reported with leading media agencies. As per the information available in public domain the company plans to open 400 exclusive stores over the next 3-4 years. The company has already ventured men’s innerwear and athleisure space under Van Heusan and operates around 15
September 19, 2018
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Amazon Pay launches card-less AMAZON PAY
Amazon Pay has launched card-less EMIs for selectedAmazon customers. Amazon Pay EMIprovides instant financing options tocustomers who may not yet haveaccess to credit forpurchasing high value products, upto Rs. 60,000 by splitting their purchases into instalments at low interest rates.Currently, this is an invite only program and selected customers have to complete a simple two-step registration process to get an assigned credit limit which
September 17, 2018
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IKEA targets home delivery by electric
IKEA Group, the owner of most IKEA stores worldwide, said on Friday all its home deliveries in the inner cities of Amsterdam, Los Angeles, New York, Paris and Shanghai would be made by electric vehicles or through other zero-emission means by 2020. The world's biggest furniture retailer said in a statement that that would mean 25 percent of its home deliveries would be zero-emission by 2020. The company has a target for
September 15, 2018
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M&S opens first store in Odisha
British fashion retailer Marks & Spencer has launched a new store in Bhubaneswar taking its store count to 67 in the country. To tap the potential from emerging towns in India such as Bhubaneswar, M&S is focussed on continuing to expand its footprint and growth in India, informed James Munson, MD, Marks & Spencer India. In an interaction with leading media agency Munson informed that M&S now eighteen
September 15, 2018
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Chennai based Redington to retail new
Chennai based City based supply chain solutions provider Redington has announced that it would offer the newly launched Apple iPhone models iPhone XS, iPhone XS Max at its retail outlets across the country. The models would be sold through 2,500 retail outlets of the company across the country, a press release said. California-based technology giant Apple had on Wednesday unveiled updated versions of iPhones
September 14, 2018
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Baba Ramdev's Patanjali launches dairy
Baba Ramdev has foryed into dairy business by launching dairy products. Patanjali plans to generate the revenue of Rs 1,000 cr by 2020. As per the statement released by Patanjali the company aims to clock Rs 500 cr by end of this financial year from the exclusive line of cow milk, butter, curd, cheese amongst others. As the per the information shared, Patanjali has tied up with around 56,000 retailers and vendors to supply milk across
September 14, 2018
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Samsung opens its largest store in India
Samsung Electronics Co Ltd has opened its biggest mobile store in the world in India as the part of strategy to take lead position in the world's second-biggest smartphone market amid fierce competition from Chinese brands. The South Korean tech giant's roughly 33,000 square foot (3,000 square metre) store in the southern tech hub of Bengaluru will help it extend its lead in India over global rival Apple Inc, which
September 12, 2018
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Paytm to seek local expertise in order
In order to shun the competition Paytm is betting big on local expertise in order to fuel business growth and fight off global rivals in a rapidly growing market as reported with leading media agencies. "The fight is no more about one company, it is about ecosystem players," Vijay Shekhar Sharma, founder of Paytm's parent One97 Communications, told Reuters in an interview with leading media
September 12, 2018
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Zara owner Inditex expects profit margin
Leading retail group Inditex, the parent company of Zara has reported a 3 percent rise in first-half profit on Wednesday and a rise in gross margin despite a stronger euro. Inditex's profits are sensitive to fluctuations in the currency as it makes most of its clothes in the euro zone to respond quickly to fashion trends but generates more than half of its sales in countries outside the currency bloc. Inditex, which also
September 12, 2018
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