Modern Retailers More Responsive In Cutting Or Holding Prices Than Kiranas…
Modern Retailers More Responsive In Cutting Or Holding Prices Than Kiranas…
This is the first time the world’s largest mobile phone company has initiated a retail distribution model for its services venture…
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.
Mobil has secured the contract to supply all of 7-Eleven’s petrol and diesel fuel requirements from January 1, 2012. This augments Mobil’s existing agreement to supply fuel to the sites 7-Eleven acquired from Mobil in October last year Mobil’s success with this tender demonstrates that it continues to be a vigorous competitor in the Australian wholesale fuel market.
‘eKOCool’, a chest cooler, developed internally by the Indian arm of the Atlanta based multinational, operates exclusively through solar energy, with no other electricity source required to operate it. It has a capacity to store two crates, which contains 48 glass bottles of 300ml each. That’s not all. It can even charge your mobile phone and light up your home.
Organised retail accounts for less than 10% of India’s retail market estimated at close to $400 million. The Boston Consulting Group estimates the size of organised retail market at $28 billion and expects it to grow nine times to $260 billion in 10 years.
HUL is speeding up to open a Lakme salon a week…. JHHB, which has grown from 37 salons in 2006 to around 225 at the end of November 2010, is eyeing a similar growth…. Foreign chains like the contemporary French beauty salon, Jean-Claude Biguine, with annual revenues of 150 million euros, are setting up salons to groom the Indian consumer.
Though rural markets account for a modest 18% of the 58,000-crore domestic drug market, drug firms and analysts expect this segment to sustain the high growth rate and increase its share in the pie.
Walmart is moving forward with what could be characterized as a roll out of its Neighborhood Market format nearly 13 years after the first unit opened in the fall of 1998. Just don’t call it a Neighborhood Market.
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