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India Retail Story Turning Sour
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WIndian organised Retail is on a time out phase to rethink its strategy after facing tough competition from cost-efficient mom and pop stores and suffering high wastages in the supply chain
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Reliance Retail to Downsize
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What appeared to be a shortage of manpower in retail is turning out to be an access with large retail companies like Reliance Retail, for instance, reportedly announcing a 15% reduction of the work force of around 20,000 over the next few months.
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Indian Airport Retail Booming
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The worldwide slowdown in economy may have shaken the confidence and optimism of many organised retail companies across the globe, airport retailing including the duty free sales is predicted to continue booming with retail spending at Indian airports expected to grow from $127m in 2007 to $318m in 2012.
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Tesco ties up with Tata for Retail
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After Tisco and Telco from the House of Tata comes Tesco, the biggest supermarket chain of UK forming an alliance with it to open cash-and-carry stores and sell its own-branded products to hypermarkets.
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Indian Retail Not Consumer Friendly
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Retail stores in India face huge gaps in modern retail design approach in spite of global brands flooding the market, a survey conducted by the apparel design and merchandising department of National Institute of Design in Ahmedabad indicates.
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No Relaxation for FDI in Retail
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India has no plan to ease the norms for foreign equity in the burgeoning retail trade industry, Commerce Minister Kamal Nath said in Delhi on Thursday after his return from a failed WTO negotiation in Geneva
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Suncity to Bring Jewel of India
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The malls would come up at Greater Noida, Indore, Jaipur and Mohali. Further, 6 more malls will be opened with an additional investment of Rs. 60 billion ($1.4 billion)
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First Café of India in store Launched
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Named as Café eARTh, it is a place to relax and refresh, says Mr. Saurav Dhoot, Director - Videocon Retail Ltd.,
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Retail Hiring Slows Down
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According to a news report in the Economic Times retail sector hiring will be flattish in the coming months. "On the managerial side, we have already filled a major part of our requirements.
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Spencer to Open Coffee Chain
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In the first phase, we will open 100 stores across India, of which most would come up in southern India within the next 18 months.
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