FAST-FOOD retailer McDonald’s will step up expansions in India after recording a 20% year-on-year growth early this year. The retailer plans to open 40 new restaurants by 2009-end, said Amit Jatia, JV partner & MD (west & south region).
VILLAGE is where the future lies for India’s largest mobile operator, says Sanjay Kapoor, Bharti Airtel’s president of mobile services. A half of his new customers come from rural India, and now the company wants to set up a Rural Airtel Service Centre in every Indian village. Mr Kapoor speaks to ET’s Joji Thomas Philip on how the company plans to go about it.
The company, which is a subsidiary of Canadian shoe company Bata Shoe Organisation, on Wednesday announced it would open 40 new retail stores across the country in the first-quarter of 2009.
Marks & Spencer has demonstrated its commitment to achieving carbon neutrality by signing the biggest renewable energy deal in the British retailing sector. The company has entered into a six year deal with nPower. Under the contract, npower will provide the retailer with 2.6 terawatt-hours (TWh) of wind and hydro electricity from April. That’s enough […] ↓ Read the rest of this entry…
Retail sales in Britain unexpectedly rose last month as the new year sales attracted bargain-hungry shoppers. Sales of clothing, shoes, books and CDs all saw strong growth, but economists warned this was unlikely to continue as unemployment climbs further. Retail sales volumes gained 0.7% in January from the previous month, according to the Office for […] ↓ Read the rest of this entry…
NEW YORK: Fashion brand Diesel launched its largest store in the world on February 16 in New York. Despite a recession that is hitting retail hard, the company developed a guerilla marketing campaign, including experiential store events, street teams, media relations, and paid media. According to Diesel US CEO Steve Birkhold, Renzo Rosso, the company’s […] ↓ Read the rest of this entry…
Australia: Consumers are hanging onto their recreation goods, such as golf clubs, and furniture as they put off discretionary spending during the economic slowdown, retailers say. They blame negativity from the global financial crisis for a reluctance to spend on anything but the essentials. “Consumers are being very particular,” Australian Retailers’ Association chief executive Richard […] ↓ Read the rest of this entry…
SINGAPORE — A major Singapore-based company said Monday it will distribute as shopping vouchers about US$667,000 of this year’s bonus to managers as a way to fight the economic crisis. CapitaLand is one of Asia’s largest property firms. It develops residential properties and operates shopping malls, the Ascott serviced residences, as well as managing investment […] ↓ Read the rest of this entry…
TAIPEI, Taiwan – Domestic convenience chain stores and fast food restaurants are joining a price-cutting war, triggered by fast food chains McDonald’s and Kentucky Fried Chicken, in March by slashing prices of their meal boxes, making office workers able to enjoy increasingly cheaper lunch meals. Family Mart convenience stores, for instance, will launch three new […] ↓ Read the rest of this entry…
Falabella S.A.C.I., a Latin American retailer with more than 200 supermarkets, department stores and home improvement stores throughout the region, plans to install a new point-of-sale in more than 1,700 POS lanes in its Supermarket Division in Chile and Peru as part of its push for state-of-the-art technology throughout its operations. The retailer will install […] ↓ Read the rest of this entry…
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