Toronto—The private equity firm that owns both Lord and Taylor and Fortunoff department stores has acquired a Canadian retail company, setting the stage to expand its operations in that market. According to SCT Newswire, NRDC Equity Partners paid a total of about $1.1 billion to obtain total control over Canadian retail conglomerate Hudson’s Bay. NRDC […] ↓ Read the rest of this entry…
NEW DELHI: Global sports wear brand Reebok said on Monday that it is on a major expansion in India which would see the company open one store in almost every two days, taking the total number of stores to 850 by the end of 2008-09. “The company, which currently has 620 stores across the country, […] ↓ Read the rest of this entry…
NEW DELHI: Betting big on the organised retail boom in India, women’s innerwear maker Triumph said it will invest up to Rs 200 crore in setting up 450 exclusive stores over the next five years. “Indian organised retail is growing at a very impressive pace and we really want to tap this growth. We have […] ↓ Read the rest of this entry…
French retail giant Carrefour will cut the prices of selected goods at its 125 outlets in China from Friday through Feb. 9 to boost sales amid the global financial crisis. The prices of rice, cooking oil, candy, wine, food, festival gifts and other commodities, will be slashed by 20 to 30 percent, said Li Jia, […] ↓ Read the rest of this entry…
FAST-FOOD retailer McDonald’s will step up expansions in India after recording a 20% year-on-year growth early this year. The retailer plans to open 40 new restaurants by 2009-end, said Amit Jatia, JV partner & MD (west & south region).
Titan Industries plans to augment its store network across India by adding nearly 40 Titan stores by March 2010
Raymond Apparel is planning to open 100 small stores exclusively selling its medium and supreme brand shirts…
Aditya Birla group retail subsidiary Aditya Birla Nuvo is planning to open 20 more showrooms of its premium fabric brand ‘Linen Club’.
Despite the downturn in the economy, Christian Nothhaft, managing director of Watsons China, has announced that the company plans to open 120 new stores in 2009, which means opening two new stores weekly. Several years ago, the Hutchison Whampoa subsidiary announced plans to open 1,000 stores in mainland China. Nothhaft said the although the current […] ↓ Read the rest of this entry…
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…
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