Wadhawan Food Retail Pvt. Ltd (WFRPL) will invest Rs1,500 crore in its food and grocery retail venture “Spinach” over four years, to open 1,500 stores in 90 cities. Currently, the group has 23 Spinach stores in Mumbai and Thane and there are plans to increase the number to 100 in Maharashtra itself by the end […] ↓ Read the rest of this entry…
Both Tesco and Carrefour in Thailand have launched aggressive price cutting campaigns. Tesco Lotus said it would cut the prices of 500 products by an average of 7.5% – equal to the current rate of inflation. The price cuts are part of its latest “Roll Back” campaign, touted as an effort to help customers save […] ↓ Read the rest of this entry…
Starbucks Coffee Company, PepsiCo and Unilever have announced a licensing agreement for the manufacturing, marketing and distribution of Starbucks Tazo Tea ready-to-drink beverages, including iced teas, juiced teas and herbal infusions, in the US and Canada. Tazo’s ready-to-drink (RTD) line will be integrated into the Pepsi/Lipton Tea Partnership (PLP), expanding the joint venture between PepsiCo […] ↓ Read the rest of this entry…
One reason retailing has become ground zero for the new protectionism is that China’s $70 billion-a-year market for large grocery stores is still up for grabs. The industry, expected to double in size by 2015, is far more fragmented and regional than that in Europe or the U.S… Wal-Mart, with 353 stores, has an 11.2 percent share, second only to the 12 percent held by France’s Auchan.
©2007-2022 Retail News Update | Powered by WordPress with Easel | Subscribe: RSS | Back to Top ↑
