Home Entertainment Revolution – 3D televisions by Samsung to hit shelves next month
The friendly green monster Shrek, the blue-skinned Na’vi of the planet Pandora and Wayne Rooney’s shots on goal will shortly take on a new, three-dimensional glory. Spurred on by the success of the Hollywood fantasy blockbuster Avatar, the world’s top electronics companies believe they can make 3D television sets the norm for consumers in the [...]
Aditya Birla Retail to rope in investor, looking for funding
Kumar Mangalam Birla’s retail venture, Aditya Birla Retail, is reportedly open to roping in a financial investor to fund its expansion plans. Even though the company declined comment, it is learnt from sources that the firm is not
averse to diluting its equity by about 10% to a sleeping partner. However, it would rather wait for [...]
Videocon to roll out GSM services, to launch across 100 cities in 100 days
Videocon is all set to roll out GSM mobile services in 100 cities in the next 100 days and is targeting 10 million subscribers by 2014. Videocon Telecommunication Ltd (VTL) has been recently rechristened to Videocon Mobile Service and is a subsidiary of the $2.5 bn consumer durables giant Videocon Group.
Videocon is one of the [...]
Asda changes returns policy, customers to get 100days to return goods
The George at Asda supermarket label will tomorrow unveil a permanent 100 day “no quibble” quality guarantee on its entire range of clothing in what it sees as a bid to halt the rise of “throwaway” fashion. If customers are not completely satisfied with the quality of any item bought from the supermarket range, they [...]
Aditya Birla Retail to become $ 2.5-bn entity by FY18, IPO on the Radar
Aditya Birla Retail Limited (ABRL), the retail arm of the Aditya Birla Group, aims to be an USD 2.5-billion entity by 2017-18, a top company official said. “We aim to become an USD 2.5-billion entity by 2017-18. The growth will be driven by opening new stores, launching private labels and closing unviable stores, among other [...]
Spar hypermarkets in overdrive, to open 25 hypermarkets by 2012
After a phase of consolidation, billionaire Micky Jagtiani-owned Max Hypermarkets, which operates Spar-branded superstores, plans to expand its presence to new geographies and open 25 hypermarkets by 2012. This will result in a 10-fold increase in the company’s retail space, from 120,000 sq ft currently to 1.2 million sq ft.
Managing director Viney Singh said the [...]
Coca-Cola’s new retail formula
India is ranked among the top two markets for Coca-Cola last quarter. CNBC-TV18’s Tanvi Shukla and Avni Raja find that the key reason for this growth has been the company’s new focus on modern retail. T Krishnakumar, CEO, Hindustan Coca-Cola Beverages, says, “We are concentrating and investing in modern retail ahead of the curve.”
That’s Coca-Cola [...]
Better inventory management helps American Retailers weather February snow
U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts. The February results are the latest indication that consumers are coming out of hibernation, although many of the largest retailers do not report monthly sales data.
Three-quarters [...]
Aditya Birla Retail speeds up, to open one hypermarket a month
Aditya Birla Retail plans to invest Rs 1,800 crore over the next eight years to scale up its ‘More’ hypermarkets across the country. It looks to open one store per month at an investment of around Rs 20 crore per store, said Thomas Verghese, CEO of the company, on Wednesday at the launch of a [...]
New President of FICCI – Rajan Mittal – to push for FDI in Indian Retail
The country’s apex industry lobby, the Federation of Indian Chambers of Commerce and Industry (FICCI) has a new man in charge. The vice chairman and managing director of Bharti Enterprises has taken over as the president of FICCI and one of the top agenda for Rajan Mittal, younger brother of Sunil Mittal, during his term [...]
