Retail chain Shopper’s Stop today said that it has raised Rs 130-crore through a Qualified Institutional Placement (QIP), a source close to the development said. “The QIP issue was over-subscribed by…
FDI In Multi-Brand Retail Won’t Get Nod From Finmin
September 30, 2010 By Leave a Comment
The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing. A top source in the ministry told…
Biyani Revolutionises E-Biz, Eyes Rs 1,000-Cr Rev In 24-Months
September 30, 2010 By Leave a Comment
We want to revolutionise digital commerce in retail in India. We will be offering the cheapest deals online, which will be 5-10 per cent cheaper here. In the next 18-24 months, we expect…
Wal-Mart, Bharti JV To Open 15 Outlets In Wholesale By 2011
September 29, 2010 By 3 Comments
Global retail giant Wal-Mart in its joint venture with plans to open 15 outlets in its wholesale format by end-2011, a top company official said. The company currently operates…
Developers Diversified, Bed Bath & Beyond Partner To Open 8 Stores In 2010
September 29, 2010 By 1 Comment
Developers Diversified Realty Corp. announced that Bed Bath & Beyond through its Christmas Tree Shops, buybuy Baby and Bed Bath & Beyond formats plans to open…
SFIO Looking Into Subhiksha Books: Official
September 29, 2010 By 1 Comment
Corporate fraud investigating body has started a into cash-strapped retail chain Subhiksha Trading Services’ financials, as part of a complaint lodged ICICI Ventures. “The SFIO has started its inquiry…
Hypercity Hires Former M&S Reliance CEO
September 29, 2010 By 2 Comments
Hypercity Retail, part of the CL Raheja group, said it had appointed Mark Ashman, the former chief executive of Marks and Spencer Reliance, as its new…
Bharti Retail To Enter Western India Soon
September 28, 2010 By Leave a Comment
Bharti Retail will soon enter western India with its first hypermarket in Mumbai, said an executive close to the development. It has signed a 60,000 sq ft store in…
The Container Store Implements Facebook Gift-Card Integration
September 28, 2010 By Leave a Comment
The Container Store has become the first CashStar retailer to roll out Facebook integration. From the chain’s eGift Card purchase page, shoppers can send digital gift cards to a friend’s Facebook wall using…
Retail Sales Growth At Six-Year High
September 28, 2010 By Leave a Comment
Sales on the high street were much higher than expected this month, rising at their fastest rate in six years as consumers defied the gloomy economic outlook. Retail sales also increased year on year for the…
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