India is fast becoming the retail destination of the world. According to the international management consultant AT Kearney, India has emerged as the leader in terms of retail opportunities. The retail market in India is anticipated to grow to 427 billion USD by the year 2010. However, the face of the Indian retail industry is […] ↓ Read the rest of this entry…
During the last twenty years, the global trend towards outsourcing, first for production within China and more recently for services within India, has been the engine of spectacular growth. Wealth generated from outsourcing has played a significant part in fuelling the stunning rise of the worlds largest and fastest growing middle classes in history, in […] ↓ Read the rest of this entry…
After domestic retail biggies, mid-to-small retail chains are queuing up to embrace IT solutions to spruce up their operations. With the sector getting crowded by financially strong corporate houses and the likes of Wal-Mart, these players are concentrating on building their IT infrastructure. Apparently, emerging retailers are increasingly adopting IT solutions for merchandising and supply […] ↓ Read the rest of this entry…
In a big-bang foray into the consumer finance space, Reliance Retail is entering into a joint venture (JV) with Citigroup for setting up a non-banking finance company (NBFC). The NBFC, which marks the coming together of India’s largest business group and one of the world’s largest financial services groups, will largely deal in loans and […] ↓ Read the rest of this entry…
As part of its new branding strategy, RPG Group-owned Spencer’s is working on trimming down the number of its current retail formats, while focusing on retailing food items. Spencer’s currently has 290 stores covering four retail formats, Hyper, Super, Daily and Express spread across six lakh square feet of area, which will get reduced to […] ↓ Read the rest of this entry…
Wadhawan Food Retail (WFRPL), a closely-held unlisted company promoted by the Wadhawan group, is planning to revamp supply chain operations in its outfits in order to lower costs and achieve better margins and delivery schedules. The group owns the Spinach convenience store chain. Fresh from its recent acquisitions, WFRPL currently manages 100 stores of Sangam […] ↓ Read the rest of this entry…
The Mahindra Group is the latest entrant to retail sector. Mahindra Intertrade, a fully owned subsidiary of Mahindra and Mahindra, said it would be entering the organised retail business. The retail foray of the Rs 18,000-crore group would be through the brand name “Mahindra Retail”. Mr Raghunath Murti, Executive Vice-Chairman, Mahindra Intertrade, said, “The group […] ↓ Read the rest of this entry…
Buoyed by the success of organised retail in the country, real estate industry leader DLF plans to invest Rs 16,000 crore over four years to develop about 20 large shopping malls across the country. “Going forward, shopping malls will be an area of important focus for DLF. This will help us to make the maximum […] ↓ Read the rest of this entry…
International jeans brand Levi’s Strauss is planning to add 800 stores across India by 2011, a top company official has said. “Presently, we have around 160 stores and we will double the number every year for the next three to four years,” Levi’s Strauss (India) Director (Marketing) Shyam Sukhramani told PTI on the sidelines of […] ↓ Read the rest of this entry…
US fast-food giant McDonald’s said on Monday it will spend Rs 300 crore ($75 million) in India over the next three years towards expansion even as it opened its first express restaurant at the domestic airport here. “We plan to triple the number of outlets in India by the end of 2010 from 122 at […] ↓ Read the rest of this entry…
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