As per Retail City 2007, the sheikdom of eastern UAE, Dubai, has turned into the most attractive destination for retailers due to vast availability of real estate and now retail sector has become vital for the city’s growth. From June 3 to June 5, 2007, Dubai organized the Retail City 2007 and registered the participation […] ↓ Read the rest of this entry…
Dubai is fast emerging as a retail hub due to vast availability of land and huge tourist influx. The DCCI too supports it and said that retail trade in Dubai is becoming “elite”. According to the report “Retail Sector in Middle East”, in the Middle East region, the retail industry in GCC (Gulf Cooperation Council) is […] ↓ Read the rest of this entry…
India has become synonymous with retail boom. After seeing the monopoly of Indian retailers, the market is all set to welcome retailers from Gulf countries who are making their way to invest in the country.FreshPlaza news has revealed that with India currently undergoing a retail boom, private players from the Gulf region are jostling to […] ↓ Read the rest of this entry…
Reliance Retail Limited (RRL) has posted a net loss of Rs 10.99 crore on total earnings of Rs 259.85 crore in the first year of its commercial operations. The loss was on a total income of Rs 259.85 crore. RRL is still in the roll-out phase and plans to establish around 5,000 stores by 2009-end. […] ↓ Read the rest of this entry…
Compact hatchbacks – cheap, fuel efficient, versatile – this is how mean machines fanatics describe them. So far, hatchbacks are on the top of the popularity charts in India’s fast growing auto industry. And as international auto makers scuffle to establish their production plants to manufacture small cars in India, both established and new entrants […] ↓ Read the rest of this entry…
Indian industry on the whole is not in favor of the government permitting foreign equity in the retail sector, and would prefer to have foreign equity only in a calibrated manner that would allow domestic companies to prepare and face the competition. According to an Assocham statement, “The chamber’s blue-print on organised retail is influenced […] ↓ Read the rest of this entry…
In an interview with Rediff Money, Sumant Sinha, CEO of the Aditya Birla Retail venture said that a foreign equity partner does not add significant value to a venture. He also stated that since retail is a local business, stores should hire people from the local community. The company that just unveiled its brand More […] ↓ Read the rest of this entry…
Plaza Centres, a subsidiary of Elbit Medical Imaging, an Israeli company, announces to invest a large sum of Rs 5,000 crore to set up 50 shopping malls in India. The project will take place over the next five to seven years. Organized retail in India accounted for 4.6% of the $270 billion retail market in […] ↓ Read the rest of this entry…
Regis Corp. will renovate its Trade Secret stores to offer a wide selection of bath-and-body products in a move to grab market share in that category and turn around a sales slump. Edina-based Regis will launch the updated concept at five Trade Secret salons in the Twin Cities later this year. The company eventually plans […] ↓ Read the rest of this entry…
Reliance Retail plans to pull out of Uttar Pradesh, sources said. The company had an investment plan of Rs 9,000 crore for UP off which Rs 3,000 crore has already invested. The retail venture has 30 stores in UP while it had planned on opening 1,500. Reliance Retail seems to be getting ready to […] ↓ Read the rest of this entry…
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