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News
Retail News
Showing 1 - 15 News out of 6181
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UP Cabinet clears Patanjali's Rs
New Delhi: The UP Cabinet today has cleared Rs 6,000-crore Patanjali mega food park in Noida. Earlier, a disappointed Acharya Balkrishna announced that Patanjali is shifting its mega food park out of Uttar Pradesh on the back of not getting necessary approvals from the state government. Once the news break, Chief Minister Yogi Adityanath himself intervened to solve
June 19, 2018
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RapidRetail's new store in Ujjain aims
New Delhi: India’s retail go-to market enabler RapidRetail has launched its maiden store in Ujjain. The store will dedicatedly provide Patanjali products and services to further strengthen the engagement quotient of arguably Indian retail market’s most powerful FMCG brand with its users in Ujjain. The megastore will have a dedicated Vaidya (medical service provider) who will treat patients free of cost and a Divya Pharmacy that
June 18, 2018
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Aditya Birla Fashion and Retail Ltd
Aditya Birla Fashion and Retail Ltd (ABFRL) brings American Eagle Outfitters (AEO) to India. Under this partnership, ABFRL intends to aggressively expand the reach of the brand in the next 3 years. It also plans to invest in retailing the AEO merchandise through the brands exclusive India website www.aeo.in India has the fastest growing youth market in the world with upwardly mobile consumers, who are driving demand for brands
June 18, 2018
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Reliance Brands in talks to buy Genesis
New Delhi: Reliance Retail owned Reliance Brands is in advance talks to buy Genesis Luxury, a group company of private equity fund Sequoia Capital-backed Genesis Colors, for an estimated Rs 450 crore, as per a media report today. Reliance Retail last year in September had bought private equity fund L Catterton Asia’s 40% stake in Genesis Luxury. So the company will now buy the remaining stake from the PE funds and owner Sanjay
June 18, 2018
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Gini & Jony partners with NucleusVision
New Delhi: Leading children wear brand Gini & Jony has partnered with NucleusVision to use the latter’s Internet of Things (IoT) and Blockchain (BC) based customer identification platform – NucleusION or ION. ION allows brick-n-mortar retailers to identify any customer who walks into a store, in real-time, using Nucleus’ proprietary (patent pending) sensor technology. ION sensors do not depend on any RFID, WiFi or
June 15, 2018
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Report says online platforms capture 38%
NEW DELHI: According to Counterpoint Research's "Market Monitor" service report, online retail channels has captured a record 38% share of the total smartphone sale in India in the first quarter of 2018. The report said Flipkart continued its dominance in the online smartphone market with 54 per cent share, with Amazon at second place with 30 per cent followed by Mi.com with 14 per cent market share. Xiaomi led online platforms
June 15, 2018
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Samsung eyes 10% more of Indian TV
New Delhi: Leading consumer electronic brand Samsung today said it expects a 10% increase in its local market share by the September-October festival season. The company is primarily aiming to do this through harnessing demand for premium and larger sets and through its geographic expansion. “Samsung has an expanded product portfolio and technology (that would be) difficult for competition to emulate, and an unparalleled service
June 15, 2018
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Snapdeal's Jason Kothari quits to join
NEW DELHI: Jason Kothari, Chief Investment and Strategy Officer at Snapdeal.com has quit the company to join Ahmedabad-headquartered Infibeam. He joined Snapdeal in January, 2017 and before Snapdeal, he was earlier with real estate portal Housing. Kothari will join Infibeam as its President, leading the strategy, corporate development, international operations and investor relations functions. “Jason joins us with a history
June 15, 2018
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Harsimrat Kaur Badal asks ministry to
In a major push to Amazon’s food retailing business, union food processing minister Harsimrat Kaur Badal has urged the Department of Industrial Policy and Promotion (DIPP) to adopt a softer approach on this e-retailers’s ambitious $500-million project which has not been able to implement due to policy hurdles. This project is stalled mainly due to operational curbs which have been imposed since it won the
June 14, 2018
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Furniture retailer Stanley Lifestyles
New Delhi: Indian furniture retailer Stanley Lifestyles has partnered with Japanese luxury furniture brand Conde House to unveil first of a kind Japanese products in India. The collaboration will bring Japanese woodwork and elegance to Indian home interiors’ market through Stanley’s GLE store in Bangalore. It has been 25 years since Stanley Lifestyles Ltd has been making sofas. A pioneer in premium leather sofas in India,
June 14, 2018
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Ikea betting big on localization to win
Swedish furniture retailer Ikea is all set to open its first Indian store next month in Hyderabad. Though the store is yet to open, the company has already drafted its strategy to win over the competition and garner the customer base. As the part of the strategy, Ikea is working towards localizing its offerings right from food menu to “do-it-yourself” (DIY) assembly furniture models. As per the information available in
June 13, 2018
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Fabindia MD William Bissell invests Rs 4
NEW DELHI: William Bissell, Managing Director of ethnic products brand Fabindia, has invested an undisclosed sum in Wow! Momo and will join the Kolkata-headquartered quick-service restaurant chain’s advisory board. While the terms of the transaction were not disclosed, Bissell, who has emerged as an active angel investor in recent years, has pumped in Rs 3-4 crore in Wow! Momo, according to a source briefed on the
June 13, 2018
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Major Brands brings Bath & Body Works to
New Delhi: Major Brands, India's leading retailer for premier international fashion apparel, accessories & beauty brands has announced the launch of international fragrance brand- Bath & Body Works in India along with the plans of setting up of two Bath & Body Works stores in New Delhi. The first two Bath & Body Works stores will open in India in New Delhi’s Select City Walk and DLF Mall of India (Noida)followed by
June 12, 2018
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Onida to manufacture television panels!
Onida, an Indian consumer durables brand has started manufacturing television panels at their Wada facility for captive and non-captive purposes. As the Government of India has increased customs duty on import of finished television panels for encouraging domestic manufacturing, the company has thought this is the right time to manufacture panels in India. The initial capacity of panels would be half a million units per annum. The company
June 08, 2018
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Sri Sri lines up Rs 200-cr investment to
As Sri Sri Ravi Shankar’s FMCG brand Sri Sri Tattva has earmared about Rs 200 crore for advertising and promotion as it plans to ramp up its marketing spend, said media buyers. The firm tries has entered into the FMCG firm at a time when Baba Ramdev’s Patanjali already dominates the Ayurveda and herbal products sphere. The new entrant in the field will spend this amount on mass media advertising, outdoor campaigns and
June 08, 2018
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