The advent of modern trade in consumer durables, coupled with a strong double-digit growth, has struck a discordant note between companies and retailers over margin issues. Recently, consumer electronics giant LG’s products had gone off Mumbai’s largest consumer durables retailer…
Future Cap to focus on retail, wholesale credit business
June 28, 2010 By Leave a Comment
Kishore Biyani’s Future Capital Holdings (FCH) will pay more heed to consumer loans, wholesale credit and insurance in sync with the group’s operations, the change in direction necessitated by the retail mogul’s recent split with fellow promoter Sameer Sain….
Reliance Retail’s revenue may grow 10-fold in 5 yrs
June 20, 2010 By Leave a Comment
Reliance Industries’ (RIL) retail arm will see a 10-fold growth in revenue over the next five years to become a Rs 45,000-crore entity, its chairman said on Friday. “Over the next five years, I can realistically foresee this business growing 10-fold from current levels, and becoming a significant value creator for Reliance in the coming [...]
Arrow to add 45 new stores
June 17, 2010 By 1 Comment
Arrow is planning to add 45 more stores across India. These stores will be a mix of both franchise and company-owned outlets. Arrow, brought to India by Arvind Mills in 1987, currently has 70 stores in India. Arrow’s product portfolio includes casual and formal shirts, trousers, T-shirts, shorts, jackets, denims, blazers and suits. The price [...]
Bharti Retail to double store count by year-end
June 1, 2010 By Leave a Comment
Bharti Retail, owners of Easy Day stores, is on an expansion spree after mostly restricting its presence to Punjab for almost three years, amid reports that the country may finally allow foreign investment in multi-brand retail. The retail arm of Bharti Enterprises, which has a joint venture with world’s largest retailer Wal-Mart in the cash-and-carry [...]
Spain’s Inditex opens first Zara store in India
June 1, 2010 By 2 Comments
Spain’s Inditex, Europe’s largest clothing retailer, said Monday that it had opened the first store of its flagship Zara brand in India as part of its push into the fast-growing Asian market. The inauguration of the 1,800-square-metre (19,375 square feet) outlet in a shopping mall in Delhi on Saturday will be followed by the opening [...]
Bharti Retail Targets 1000 crores
December 12, 2009 By Leave a Comment
According to a top official of Bharti Retail, post completion of its rollout in northern zone, Bharti Retail will look at expanding in the western and southern zones. “From January 2011, we will expand in different regions and are considering options now,” Bharti Enterprises vice-chairman and managing director Rajan Bharti Mittal said. Although we have [...]
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