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Traders to shut shops on Sep 28 against Walmart-Flipkart deal

The decisions were taken yesterday at the annual general meeting of CAIT held at Nagpur which was attended by over 200 prominent trade leaders across the country.

August 21, 2018  |  comments ( 0 )  | 

Amazon may pick up stake in hypermarket chain More

In the month of June this year Aditya Birla Retail (ABRL) has signed an agreement with private equity fund Samara Capital to sell its food and grocery retail chain

August 20, 2018  |  comments ( 0 )  | 

Army Canteen stores record profit

A year ago, it had earned a net profit of Rs 280 crore on sales of Rs 17,000 crore.

August 16, 2018  |  comments ( 0 )  | 

Paytm Mall Targets $10 Bn in Annualized Gross Sales by March 2019

Paytm Mall’s O2O operating model is aiming to leverage India’s 15 million offline retail shops to participate in India’s e-commerce boom.

August 16, 2018  |  comments ( 0 )  | 

Future Consumer Limited signs a strategic partnership with MaxWholesale

Future Consumer Limited has inked a partnership with MaxWholesale to bring its products to the neighbourhood grocery stores in Delhi NCR

August 14, 2018  |  comments ( 0 )  | 

Tablez brings Chinese lifestyle brand YOYOSO in India

The company plans to open 30 YOYOSO stores over the span of next five years.

August 14, 2018  |  comments ( 0 )  | 

Kishore Biyani led Future Retail may get foreign investor

The proposed investment will be made based on a large database (nearly 500 million) the company has garnered over the years.

August 13, 2018  |  comments ( 0 )  | 

GUESS to go on its own in India!

The Los Angeles based company has been present in the Indian market since 2012 and has operated in the territory through a distributorship model.

August 10, 2018  |  comments ( 0 )  | 

Gome yet another Chinese brand plans to foray India

Gome Electronics India which is a fully-owned subsidiary of Gome Telecom Equipment, part of the Hong Kong listed Gome Retail Holdings has over 1,700 stores in China.

August 10, 2018  |  comments ( 0 )  | 

Flipkart Launches ‘Flipkart Supermart’, Its Online Grocery Store

Flipkart has announced the launch of Flipkart Supermart its grocery store, in all major pin codes of Bengaluru with plans to expand to 5 - 6 major cities by the end of

August 10, 2018  |  comments ( 0 )  | 

B2B startup ShopX bags $35 mn fund from Fung Strategic Holdings

Nandan Nilekani, leading entrepreneur and investor, backed ShopX from its early days with a personal investment of more than US$18 million in addition to providing

August 07, 2018  |  comments ( 0 )  | 

Arvind Limited posts 10% rise in Q1 revenue

The brands including Arrow, US Polo Association, Flying Machine and Tommy Hilfiger grew by strong 16% (20% adjusted for GST). Unlimited – the value retail offering –

August 07, 2018  |  comments ( 0 )  | 

Walmart India to add 1,000 employees to strengthen its tech operations

Walmart has about 1,800 employees in technology operations in Bengaluru and Gurgaon and currently. The company is planning to increase the headcount and driving more

August 06, 2018  |  comments ( 0 )  | 

WS Retail stops selling on Flipkart’s platform

WS Retail’s revenues declined 67% from Rs 13,900 crore in FY16 to Rs 4,600 crore in FY17. The company reported a net loss of Rs 24 crore for FY17 against a profit of

August 04, 2018  |  comments ( 0 )  | 

Sachin Tendulkar eyes world market for its JV brand True Blue

The menswear label, which blends Indian authentic cloth making and dyeing techniques into western wear, was launched in 2016 and is currently sold through nearly 75

August 02, 2018  |  comments ( 0 )  |