Updates

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Toonz Retail to Set up 200 Stores in 5 Years

IMAGES Retail Bureau – Jul 22, 2014

Kidswear and toys retailer Toonz Retail India is targeting to set up 200 stores in the country in the next five years, of which at least 10 would be in Kerala, especially in smaller towns, according t...

Tesco Appoints Unilever's Dave Lewis as New CEO

IMAGES Retail Bureau – Jul 22, 2014

Britain's largest retailer Tesco has appointed Unilever executive and turnaround specialist Dave Lewis as the new CEO in place of incumbent Philip Clarke from October 1 as it warns of 'challenging' ma...

Walmart to Expand Cash-and-Carry Biz in India

IMAGES Retail Bureau – Jul 21, 2014

In the month of June, Walmart Stores invested heavily in its Indian cash-and-carry business to expand its network in the country, taking its total investment in the country to nearly 2,000 crore, acco...

Swiss Watchmaker Swatch Submits Proposal for Setting up Stores in India

IMAGES Retail Bureau – Jul 21, 2014

Switzerland-based swiss watchmaker Swatch has submitted a formal proposal to the commerce ministry for setting stores in India under the 100 percent FDI route following the footsteps of IKEA and H&M, ...

DIPP Mulls Scrapping of 30% Mandatory Domestic Sourcing Clause for FDI in Single-Brand Retail

IMAGES Retail Bureau – Jul 21, 2014

The department of Industrial policy and promotion (DIPP) may do away with the 30 percent domestic sourcing clause for FDI in single brand retail leading to increased foreign direct investment inflows,...

PVR to Invest Rs 250 Cr on 100 New Screens this Fiscal

IMAGES Retail Bureau – Jul 21, 2014

Multiplex operator PVR will invest Rs 250 crore to add 100 new screens this fiscal as part of its expansion plans, according to a top company official, mentions PTI. PVR currently has 444 screens in 1...

Reliance Retail's Q1 Turnover up 14.5% to Rs 3,999 Crore

IMAGES Retail Bureau – Jul 21, 2014

Reliance Retail has reported a 14.5 percent increase in turnover at Rs 3,999 crore in the first quarter ended June 30, 2014-15, according to PTI. The company had a turnover of Rs 3,492 crore in Q1, 20...

Fashion & Lifestyle Brand Max Opens 11th Store in Mumbai at Infiniti Mall, Malad

IMAGES Retail Bureau – Jul 18, 2014

Landmark Group’s fashion and lifestyle brand Max has opened its 11th store in Mumbai at Infiniti mall, Malad. Spread over 10,600 sq.ft., the outlet stocks 10,000 designs across different categories in...

Amazon India Launches Gift Cards

IMAGES Retail Bureau – Jul 18, 2014

Amazon India has launched Gift Cards on its marketplace Amazon.in which will be issued by gift card provider QwikCilver Solutions. The gift card value falls between Rs 10 and Rs 10,000.

Quarterly Same-Store Sales of Yum! Restaurants Register a Drop

IMAGES Retail Bureau – Jul 18, 2014

Pizza Hut and KFC owner Yum! Restaurants has reported its third straight drop in the quarterly same-store sales in India for the April-June period, states a leading daily. The company reported a 2 per...







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