Pantaloons plans price cuts to drive sales
on April 16th, 2009 at 5:49 amPantaloon Group To Take Prices To 2007-Level; Expand Private-Label Portfolio
Pantaloon Group To Take Prices To 2007-Level; Expand Private-Label Portfolio
Future, Shoppers Stop, Westside Focus On Customer Relationship Management To Beat Slump.
WASHINGTON/NEW YORK (Reuters) – The head of Wal-Mart Stores Inc (WMT.N), the world’s biggest retailer, said on Wednesday there remained a “lot of stress” in the economy and he did not anticipate a quick end to the recession. “There’s still a lot of stress,” Wal-Mart CEO Mike Duke said on a taped interview on NBC’s […] ↓ Read the rest of this entry…
Online gadgets seller Firebox.com is to give over a section of its site to what it calls ‘Opportunity Box’ to offer dramatically discounted products for 24-hour periods only. Each day at noon a new product will replace the previous day’s deal, with an email sent out to subscribers offering them the chance to bag a […] ↓ Read the rest of this entry…
French retailer Carrefour SA said Wednesday it is launching a new low-cost range of products to attract cost-conscious consumers hurt by the recession and to win market share on its home turf.
Orange and HMV are teaming up to promote Orange products and services via store-in-store units in HMV stores.
IT’S a nagging, almost decade-old doubt that has kept foreign direct investment (FDI) in retail at bay: will the entry of Big Retail hurt the six million kirana stores?
Snapdeal.com — now popularly called India’s answer to Groupon, the world’s biggest provider of daily online deals……With 400 staff on the payroll, company want to get a share of India’s $500 billion retail market, of which nearly 18% is services business offered by sites like Snapdeal.
Wal-Mart India, said it can help reduce prices by improving supply chain and infrastructure to cut waste. About 40 percent of fruit and vegetables in the country rot before they are sold because of a lack of cold-storage facilities and poor transport infrastructure, according to government estimates.
Retail sales on Black Friday climbed 6.6% this year to an estimated $11.4 billion, according to ShopperTrak, which tracks foot traffic at malls and stores. Last year, sales climbed just 0.3% to $10.7 billion, which was a record one-day sales amount at the time, according to the company.
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