Carrefour Sounds The Alarm Over The Economy

Carrefour Deepening economic gloom has forced Europe’s biggest retailer, Carrefour, to issue its fifth profit warning this year and Germany’s leading independen

Biyani Sees Future With Carrefour

Future Group CEO Kishore Biyani is in Paris as the country’s largest retailer has renewed its talks with Carrefour for a joint venture that could let Europe’s top retailer enter India

Indian Consumers Are Crossover Shoppers: Nielsen Study

Most urban consumers in the country, are crossover shoppers, frequenting both modern retail and neighbourhood groceries for different needs, says a new study by The Nielsen Company that strengthens the case for allowing multinationals such as Wal-Mart and Carrefour

Tesco Unveils Ambitious Overseas Expansion Plans

Tesco has set out ambitious plans to open more stores in Europe and Asia as the British grocer seeks to boost profitability overseas. The supermarket already has more physical selling space abroad than in Britain but its international arm, which

Wal-Mart Reported Looking To Buy Indonesian Retailer Matahari’s Division

Wal-Mart Stores has joined the race to buy Indonesian retailer Matahari’s hypermarket business in a deal worth up to $1 billion, Reuters reported. Wal-Mart is expected to

States Dig Their Heels In, Oppose Multi-Brand FDI

Consensus on opening up of multi-brand retail to foreign direct investment, or FDI, looks unlikely anytime soon, with many states opposing freeing up the sector, dashing hopes of multinational retailers such as

Tesco And Carrefour ‘Stocking Products With Dangerous Chemicals’

Major European retailers such as Carrefour, Tesco and Media Markt-Saturn are exposing shoppers to harmful chemicals in consumer products, from sex toys to childrens’ pencil cases and shoes

New Policy On FDI In Multi-Brand Retail Soon: Scindia

The Government today indicated that a new policy on foreign direct investment in the politically sensitive multi-brand retail sector will come soon. At present, India does not allow FDI…

FDI In Multi-Brand Retail Won’t Get Nod From Finmin

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…

Sainsbury’s Explores Prospect Of Opening Stores In China

Sainsbury’s is looking at plans to open stores in China that could see it go head to head with Tesco in the fastest-growing grocery market in the world. A move into China would mark Sainsbury’s first overseas…