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News
Retail News
Showing 1 - 15 News out of 6530
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Reliance Retail & Jio to jointly launch
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, has said that the group companies, Reliance Retail and Reliance Jio Infocomm, will be launching a new e-commerce platform in India. He said that this new e-commerce platform will be first rolled out in Gujarat, empowering 12 lakh shopkeepers in Gujarat. By launching this platform, Mukesh Ambani
January 19, 2019
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CCI gives nod to Samara Capital-Amazon's
The Samara Capital-Amazon joint bid to buy More, Aditya Birla Group's supermarket chain, has been approved by the Competition Commission of India (CCI). CCI had sent a communication to Witzig Advisory Services, the entity where Samara and Amazon will invest, stating that the proposal is "approved". A senior industry executive said, "A detailed order is expected from CCI soon which may specify certain conditions. But there may
January 18, 2019
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SoftBank eyes 40% stake in FirstCry for
Japanese investment giant SoftBank may soon make an investment in FirstCry, Pune-based online baby products retailer. The Tokyo-headquartered investment giant is set to invest $400 million for an over 40% stake in BrainBees Solutions, which owns and operates FirstCry. This investment will value the Pune-based venture at $600-700 million. The money of the deal is expected to come in tranches, linked to financial and business performance
January 18, 2019
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Vivo India launches 'Vivo Xchange'
Vivo India has partnered with leading online e-commerce brand Cashify.in to launch the 'Vivo Xchange' program, a new trade-in offer for its users. Through this partnership, Cashify.in will ensure seamless trade-in process. The 'Vivo Xchange' program will help users to exchange their old phones and upgrade to a new Vivo smartphone on Vivo’s in-house e-store website. It is designed for both existing Vivo customers as
January 17, 2019
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Milkbasket expands operations to
Milkbasket has launched its services in Bengaluru, after becoming the go-to delivery service for daily needs in the Delhi/NCR region. The hyperlocal milk and grocery delivery startup is further planning to hire 2,500 people over the next two years. The hiring of people is aimed at supporting the operations and growth in Bengaluru. Anant Goel, Co-founder and CEO, Milkbasket, said, "After becoming synonymous to grocery delivery in NCR,
January 17, 2019
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Manyavar launches another store in
Manyavar a leading celebration wear brand, has launched its another store in Punjab. This is Manyavar's ninth stores in the state. The store offers the collection of fine sherwanis, kurta sets, formal suits and Indo-Western fusion wear. At present, the brand nearly has 550 stores across 200 cities in India. Manyavar is present worldwide. Opened in 1999, Manyavar mainly thrives on Indian cultural celebrations and
January 16, 2019
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Ola raises Rs 150 crore from Flipkart's
Sachin Bansal, Co-Founder of Flipkart, has invested Rs 150 crore in Ola, India’s largest cab-hailing platform. As part of the latest round, Bansal has bought 70,588 preference shares at a price of Rs 21,250 a share. The investment will value Ola at $5.7 billion. The same round has also seen participation from Hong Kong-based hedge fund Steadview Capital, who invested around $74 million. In October 2017, Ola had raised $1.1
January 15, 2019
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Ananth Narayanan steps down as Myntra
Ananth Narayanan has stepped down as the Chief Executive Officer (CEO) of Myntra and Jabong to pursue other opportunities. Amar Nagaram has been named as the Head of Myntra and Jabong. He will report to Flipkart Group CEO Kalyan Krishnamurthy. Myntra said in its statement, "Ananth has played an important role in making Myntra and Jabong into a formidable player in the fashion e-commerce market and steering the company towards
January 15, 2019
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DailyNinja celebrates 15 million orders
Bengaluru-based hyper-local platform DailyNinja has announced that the company has completed 15 million orders till date. Established in late 2015, DailyNinja has completed 52,000 transactions per day across Bangalore, Hyderabad, Chennai, Mumbai and Pune. Sagar Yarnalkar, CEO and Co-Founder of DailyNinja, said, "Our unique Trojan horse approach of leveraging the daily Milk buying habit of Indian customers to cross-sell Groceries, has helped
January 14, 2019
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John Jacobs looks to garner Rs 500 crore
John Jacobs, Lenskart's eyewear brand, is aiming to clock Rs 500 crore in revenue by March 2021 as it strengthens its retail presence and expands the product portfolio. Currently, the brand has eight stores in Delhi, Pune and Bengaluru. The brand will be opening six more stores in the next two months. It targets to set up about 50 stores by March 2021. Manan Duggal, Business Head of John Jacobs, said, "John Jacobs has been
January 14, 2019
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The Body Shop plans to launch 20 more
The Body Shop is planning to launch 20 more stores in 2019. The beauty brand has a strong presence in big cities such as Mumbai, Delhi, Bangalore, Chennai, Hyderabad and Kolkata. Apart from this, The Body Shop is also popular in Tier II cities like Guwahati, Siliguri, Jammu, Aurangabad, Patna, Nasik, Mysore, Calicut and many more towns and cities. Vishal Chaturvedi, General Manager-Retail – India, Sri Lanka and Bangladesh, The Body Shop,
January 14, 2019
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Saya Homes to invest Rs 450 cr in its
Ghaziabad-based Saya Homes will be investing Rs 450 crore in its first retail project at Greater Noida. Realty firm said, "The project -- Saya South X -- would primarily be a high-street retail development on a total plot area of 12,000 square metre with a saleable area of 6.85 lakh sq ft." "The project is based on 100% sales model where all retail and business suites will be sold to individual buyers," it
January 11, 2019
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Tablez to introduce US-based
Tablez India has partnered with US-based Build-A-Bear, a customized stuffed-animal retail-entertainment brand, to meet an ever-increasing demand for an engaging retail environment. Build-A-Bear is targeting to reach as many as 9 million households in the top 15 cities in India by 2025. Apart from standalone stores, shop-in-shop formats of Build-A-Bear would be opened within Toys“R”Us as part of Tablez, the retail arm of
January 11, 2019
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LOTS Wholesale Solutions expands
LOTS Wholesale Solutions, a part of the $50 billion Charoen Pokphand Group ("CP Group") and a wholly-owned subsidiary of Siam Makro Public Company Limited ("Siam Makro") from Thailand, has unveiled its third wholesale distribution centre in India at Ithum, Sector 62, Noida. In 2018, the company inaugurated their stores at Netaji Subhash Place and Akshardham. The three stores, opened within a span of seven months, will cater
January 10, 2019
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Microsoft partners with retail chain
US-based tech giant Microsoft has partnered with leading American grocery retailer Kroger for redefining the customer experience using Kroger technology products powered by Microsoft Azure Cloud. With this partnership, Kroger will pilot a connected store experience and the two firms will jointly market a commercial retail-as-a-service (RaaS) product to the industry. Satya Nadella, Chief Executive Officer of Microsoft, said,
January 10, 2019
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