The India growth story may hit a slower patch in 2008, going by different outlooks for the new year which say the country may witness slower GDP growth and even flight of foreign capital to markets like Korea and Indonesia. In its 2008 Economic Outlook for Asia, Switzerland-based banking giant UBS said that Asian growth […] ↓ Read the rest of this entry…
By Sunita Nahar BBC News, Calcutta: The City Centre mall was opened more than a year ago in eastern Calcutta. The malls are changing the way Indians shop.With its shops, restaurants, cafes and multiplexes, it has become something of a landmark in the city. Glass facades of fast food outlets and designer shops beckon you […] ↓ Read the rest of this entry…
NEW DELHI: Bharti Enterprises on Monday said it is in talks with real estate developers including DLF, Unitech, Parsvnath and MGM for space for its retail venture. “As a retailer our job is to go and talk to real estate players who have got land bank. We are talking to many players including DLF, Unitech, […] ↓ Read the rest of this entry…
With the acquisition of Piramyd Retail, the property developer gives its retail venture a leg-up. It’s barely got a grip on the property business. But that’s not keeping Indiabulls Real Estate(IBREL) from rolling out a retail venture. It had already drawn up plans for a chain of discount stores across the country, through Indiabulls […] ↓ Read the rest of this entry…
The Mukesh Ambani promoted Reliance Retail has launched its Reliance Digital Store in Bangalore, the third after the National Capital Region centre in Ghaziabad and in Vashi in Mumbai. The Reliance Digital is a one-stop shop for all technology solutions for consumer electronics, home appliances, information technology and telecommunications. The Reliance Digital outlet is a […] ↓ Read the rest of this entry…
At a time when big retailers like Reliance Retail and others are facing stiff resistance for having hit the bottomline of small time mom-and -pop shops, a southern stand-alone is using the opportunity to quietly go about its job. The no-frill retailer Subhiksha has taken the populist route of luring customers with ‘less money for […] ↓ Read the rest of this entry…
BANGALORE: With rising rentals eating into profit margins, retailers are preparing to fight back with a multi-pronged strategy that includes exiting malls, innovating with formats, opting for a revenue-sharing model with developers and stepping up focus on smaller towns. Levi Strauss India, for instance, says it will be pulling out of a substantial number of […] ↓ Read the rest of this entry…
Reliance Retail Ltd (RRL) has drawn up ambitious expansion plans for the current year which includes diversifying into tourism and travel verticals, as also joining hands with railways for construction of warehouses on railway land as part of the company’s move to strengthen its supply chain. “We plan to have verticals in travel and tourism […] ↓ Read the rest of this entry…
DHL India has been awarded the ‘Best International Logistics Service Provider’ and the ‘Best Brand Awareness in the Indian Logistics Industry’ for the year 2007 by Frost & Sullivan. This award is in recognition of its outstanding performance in customer experience and satisfaction for the year 2007. Frost & Sullivan has been conducting studies on […] ↓ Read the rest of this entry…
Consumers are less likely to recommend a store if they’ve tried to return merchandise and walked away dissatisfied from that experience, according to a nationwide telephone survey of 1,024 people conducted by Opinion Research Corporation. “Easy returns are important in demonstrating flexibility and good will” on the behalf of the retailer, says Linda Shea, senior […] ↓ Read the rest of this entry…
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