Uno to open 50 new outlets via franchising
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...
set to open maiden US store
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...
plans to add more stores
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...
dessert shop enters Shanghai
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...
shareholders to mull Rs 1,000 crore fund raising plan
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
Stores enters Gurgaon; plans to add 12 newu stores
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...
to push XBOX 360 sales through 300 more outlets
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
opens store in Kochi
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...
India gets High Court nod for demerger of divisions
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...
India bags eco award
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...
North supports foreign direct investment in retail
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...
most attractive market for retail investment: Kearney
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...
retail sector to double in 5 years
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...
hasn't spared grocery shopping'
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