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Game4u Launches Operations in Singapore and Malaysia

Videogames retailer Game4u has ventured into the global games market by launching its operations in the Southeast Asian market in Singapore and Malaysia. According to the company officials, with the new venture, Game4u has becomes India’s first and only...

India Ratings Revises Retail Sector Outlook to Negative to Stable

India Ratings & Research (Ind-Ra) has revised its outlook on the retail sector for FY15 to negative to stable from negative. Ind-Ra expects median EBITDA margins for FY15 to remain at levels observed thus far in FY14. Operational efficiencies...

Pepe Jeans opens 11th store in Mumbai

Pepe Jeans London has opened its 11th store in Mumbai at Khar Linking Road. Spread over 1,000 sq.ft., the outlet stocks upto 1,600 items including shirts, skirts, knits, and accessories for men and women.Speaking on the occasion, Chetan Shah – Managing...

Crusoe plans to capture 7% of the modern innerwear market by 2015

Crusoe, the Indian premium innerwear brand from Jagannath Textiles, is all set to capture 7 percent market share of the total branded innerwear market, which sizes Rs 13,000 crore in value. “Crusoe has already captured 1 percent of the...

FDI in Retail: Busting the Myths

The decision of the Indian government in favor of FDI in retail has seen a fierce backlash, resulting in it being put on the back burner – all thanks to the many myths about FDI floating around....

Dominos to reach 500 store counts by 2012

Dominos Pizza, one of the market leaders in organized pizza home delivery segment, has announced its plans to open 500 outlets by 2012. The pizza chain has 411 outlets in India and plans to open 80 new outlets every...

Tile manufacturer OCIL opens boutique in Kolkata

Orient Ceramics and Industries (OCIL), a tile manufacturer, has opened its first Orient Tile Boutique (OTB) in Kolkata on Burdwan Road, Alipore. Spread over 2,500 sq.ft., the boutique offers a wide variety of tiles designed by European designer Maria...

MTS India opens 105th retail outlet in West Bengal

MTS India – the voice and data service provider has recently launched its 105th retail outlet in West Bengal at South City mall, Kolkata. The store spreads over an area of 12 by 6 ft.MTS has a network of...

Marks & Spencer Sales Growth Accelerates

Marks & Spencer Group Plc (MKS), the U.K.’s largest clothing retailer, reported sales growth that missed some estimates because of stagnant general-merchandise revenue and said the industry outlook remains difficult. Sales at U.K. stores open at least a year...

Asda names McKenna as chief operating officer

Judith McKenna has been named chief operating officer of Asda, Britain’s second-biggest supermarket group by market share, succeeding former Tesco executive Simon King, who left after only six months in the post.Ms McKenna is Asda’s finance director and seasoned...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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