Global Retail Majors May Come To India In ’11

The coming year is expected to see some big-bang entries of global retail majors as the sector looks forward to a positive outcome on the relaxation of FDI norms in retail

Promoters, Actis To Sell Nilgiri Stake

The Mudaliar family, promoter of Nilgiri Supermarkets, and global private equity firm Actis have jointly decided to sell their entire shareholding in the company

Retailers Breathe Sigh Of Relief As Crowds Turn Out For Boxing Day Sales

Despite the one-day tube strike which saw almost all London Underground tubelines disrupted, enough shoppers had found their way to London’s West End by early afternoon today for retailers to say a silent prayer

Aditya Birla Retail Mulls Expansion Of Supermarket Chain

Aditya Birla Retail (ABRL), that operates supermarkets and hypermarket formats under ‘more’ brand, is eyeing a break-even at the company level by

Sales Begin Online As Retailers Look To Reclaim Snow-Affected Revenue

Almost 5 million people are expected to take a break from festivities today to go shopping online as a number of big retail names launch web sales after high street trading was hampered by severe weather

Like US, India Likely To Release Retail Sales Data

As more global retailers flock to India, the country may soon start releasing retail sales data, a key economic indicator, which will help policymakers get a better picture of the state of the economy

Debt-Struck Koutons In Talks To Shed 15%

Debt-laden retailer Koutons is considering selling up to 15% stake to raise cash to pay down excessive debt and revive its flagging fortunes. A few private equity funds

Futurebazaar Website Hacked, Down For 48 Hours

Future Group’s plans to boost on-line sales has come across a cyber hurdle with its flagship e-commerce portal FutureBazaar being hacked and has been rendered the site dysfunctional for the last two days

Reliance Trends To Open 150 Stores By March 2012

Apparel and accessories specialty store of Reliance Retail, Reliance Trends, today said it would increase the number of stores across the country to 150 by March 2012. At present,

High Street Sales Plummet With The Temperature

The arctic weather is estimated to have cost retailers up to £750m in lost sales as new figures show the number of shoppers who ventured out at the weekend was down 20% on last year, with Wales and London hardest hit