June 16, 2009
 

Numero Uno to open 50 new outlets via franchising

Denim-wear maker Numero Uno has announced plans to add about 50 new exclusive brand outlets to its existing network of 117 EBOs across the country this fiscal. Meanwhile, the new stores, based on the franchise model, will catalyse an investment of around Rs 12.5 crore. More...

Generra set to open maiden US store

Although some apparel firms launch stores stateside before expanding overseas, Public Clothing’s Generra brand will open its first freestanding retail space in Manhattan’s Meatpacking District this fall after establishing a presence in Japan. Generra, a contemporary women’s and men’s sportswear brand, has five freestanding units and three shop-in-shops in Japan, which have operated under license since 2007, agency reports. More...

Matalan plans to add more stores

Fashion chain Matalan has signalled the start of an expansion drive after concluding there was "significant scope" for new stores in the UK. The group, which has 203 outlets, will open three new stores in the UK this year and said it was working on an accelerated programme for next year. Meanwhile, the company launched a transactional website in November and is expanding overseas for the first time through franchise partners in the Middle East, agency reports. More...

Taiwanese dessert shop enters Shanghai

Meet Fresh, one of the leading dessert shop chains in Taiwan, has set up its headquarters in Shanghai and will open its first directly-managed shop in the city before the end of this year, agency reports. More...

Pantaloon shareholders to mull Rs 1,000 crore fund raising plan

Kishore Biyani-promoted Pantaloon Retail India said its shareholders will meet July 7 to approve the raising of additional long-term funds to the tune of Rs 1,000 crore through securities. More...

H&B Stores enters Gurgaon; plans to add 12 newu stores

Dabur India's retail subsidiary H&B Stores has forayed into Gurgaon with its fourth 'newu' outlet in the Delhi-NCR region, taking its tally to 11 outlets spread across north and south India. Further, H&B plans to add 12 newu stores to its existing network over the next one year in a bid to expand its footprint in the beauty, health and wellness retail market across the country. More...

MS to push XBOX 360 sales through 300 more outlets

Software giant Microsoft Corp is focusing heavily on the retail and online segments to drive sales for its XBOX 360 gaming consoles this year, in a bid to cash in on the gaming market in India that is growing at 30-35 per cent annually. “Our focus this year is on the retail and online segments,” said Jaspreet Bindra, regional director, entertainment and devices division of Microsoft India. More...

Lenovo opens store in Kochi

Lenovo on Monday announced the expansion of its retail presence in Kerala with the inauguration of its 8th Lenovo exclusive store (LES) in the state in Kochi, in lieu with Oxygen, the digital shop. More...

Welspun India gets High Court nod for demerger of divisions

Textile firm Welspun India said it has received approval from the Gujarat High Court for the de-merger and transfer of its two divisions to two firms. More...

Nestle India bags eco award

After an assessment of Nestlé India’s ongoing environmental initiatives, near its Nanjangud factory by a team of five environmental auditors and management experts, Nestle India was awarded the ‘Golden Peacock Environment Award’ on Saturday. More...

CII North supports foreign direct investment in retail

India badly needs private investment in retail. These investments are needed from both Indian and foreign sources, but should initially be restricted to the wholesale segment, said the Confederation of Indian Industry (CII) Northern Region chairman, Harpal Singh. More...

India most attractive market for retail investment: Kearney

Providing good growth potential for global retailers amid the economic slowdown, India has emerged as the most alluring market for investment in the retail sector, surpassing the likes of China, Russia and the United Arab Emirates. India has been ranked as the most attractive nation for retail investment among 30 emerging markets by US-based global management consulting firm A T Kearney. More...

Indian retail sector to double in 5 years

Due to the rapid growth of the retail sector in India since the 1990s, the future of the $372 billion retail industry is set to double in just five years, according to management consultancy Technopak. More...

'Downturn hasn't spared grocery shopping'

In spite of being considered recession-proof, the food and grocery retailing sector could not insulate itself from the ongoing slowdown in the country as shoppers reduced grocery budgets and curbed impulse shopping to save cash, according to a recent survey on grocery shopping. More...

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