All India articles – Page 7
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NewsHeathrow reports record retail sales
Heathrow Airport has reported a record retail sales of £1.7bn.
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Pantaloon Retail to leave joint venture with Staples
Future Group-owned Pantaloon Retail in India plans to leave its joint venture with office retailer Staples by June.The change is part of the group’s strategy to raise funds and focus on core retail operations. The joint venture agreement with Staples, signed in 2007, gives the US-based retailer an option to ...
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AnalysisA safe passage to India
India is one of retail’s most attractive developing markets, but it’s also one of the most difficult to enter. Liz Morrell reports on how the doors are beginning to open.
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Amazon launches Junglee.com
Amazon has launched Junglee.com in India, a shopping service aimed at small ecommerce providers. Junglee.com allows retailers to showcase their products.At launch, there were more than 12 million products.Vice-president of Amazon.com Amit Agarwal said: “We are excited to give customers in India a single online starting point where they can ...
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Metro Cash & Carry to invest in India
Metro Cash & Carry is to invest more than €100m (£84m) to strengthen its presence in India.At present, Metro operates nine stores at six locations in India –Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana – and aims to increase the store number to 50 shortly. The retailer has so far ...
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Amazon considering entering India
Amazon may enter India via the launch of its market place platform in a bid to overcome foreign direct investment restrictions on multi-brand retail, it has been reported. Industry sources said the etail giant had already struck deals with other online retailers in preparation for the launch, which would initially ...
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Abercrombie & Fitch considers India expansion
Abercrombie & Fitch staff have visited India as it considers setting up shop in the country. An Abercrombie & Fitch spokesperson said: “We are constantly evaluating new opportunities for our brands, including new countries, for expansion.”Gap is also said to have stepped interest into the market after the government allowed ...
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NewsIndian government approves single-brand FDI change
The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.
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AnalysisWhich are the most exciting emerging markets?
So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.
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NewsIndian retail investment talks suspended
The Indian government has suspended talks to allow foreign investment from the world’s largest retailers with no clear timeframe in place to re-start discussions.
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NewsIndian foreign investment proposals put on hold
Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.
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AnalysisIndia’s historic reforms will draw international players
The Indian cabinet has passed the bill on foreign direct investment (FDI) and agreed to allow 51% holdings in multi-brand and 100% in single-brand retail, making it one of the biggest economic reforms in the country’s history.
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NewsIndian cabinet approves foreign investment in retail
The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.
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Pantaloon posts financial results for first quarter
Future Group-owned clothing retailer Pantaloon has posted financial results for its first quarter ended September 2011.The company’s consolidated net sales were INR3,180.26 crore (£422.1m) compared with INR2,750.76 crore (£372.3m) in the comparable period last year, an increase of 15.61%.Consolidated net profit plummeted 36.33% to INR15.05 crore (£1.9m) in comparison with ...
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Aditya Birla Retail to expand presence in rural markets
Aditya Birla Retail has announced that it will focus on expanding its presence in rural markets, according to its vice- president Sumit Chandna.Over 30% of the retailer’s supermarkets are in smaller towns where disposable income is high, hence future expansion will be centred on these locations, he noted.
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Reliance Footprint plans store expansion
Reliance Footprint is planning to double its number of footwear stores in the next six months. The company’s chief executive Gopalakrishnan Sankar said: “We are present in 37 cities across 15 states and want to expand our business to Tier II cities in the coming years. The company has taken ...
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Indian government allows foreign direct investment
The Indian government has agreed in principle to allow foreign direct investment in multibrand retail joint ventures with an investment cap of 51%. The country already allows foreign companies to invest up to 100% in wholesale operations and 51% in single-brand retail operations. The change in the policy came about ...
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Bharti Walmart embarks on first major investment
Bharti Walmart, an equal joint venture between Bharti Enterprises and Walmart, is the first major investment made by the partners together.The partners have issued 120 million new shares from unissued share capital with a face value of INR10 (£130,000) each. Walmart will purchase 60 million shares for INR600m (£8.2m) through ...
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AnalysisIndia paves way for more direct foreign investment
A government panel recently approved a proposal to allow further foreign direct investment (FDI) into India’s retail sector, a move aimed at opening the country’s huge retail market to foreign retailers.
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Tata Group proposes to open Massimo Dutti stores in India
Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to ...