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LVMH to sponsor Paris 2024 Olympic and Paralympics Games

Paris 2024 will take place from 26 July to 11 August and August 28 to 8 September next year and it is expected to draw 10,500 Olympic athletes New Delhi: Luxury retail giant LVMH has become a premium partner of...

VTEX partners with Retail Insights to strengthen its capabilities in India

By joining forces, VTEX and Retail Insights aim to unlock new frontiers in commerce innovation, empowering businesses to thrive in the digital age Mumbai: VTEX (NYSE: VTEX), the global enterprise digital commerce platform, has partnered with Retail Insights, an advanced...

Ikea’s Ingka Centre to brand its India malls Lykli

The first shopping centre by the name Lykli is slated to open at Gurugram in 2025 New Delhi: Ingka Group, the parent company of Ikea, on Wednesday announced that it plans to brand its upcoming shopping centres in the country as Lykli. Ikea’s...

COVID-19 threatens foodservice operators with almost half of consumers cooking more at home

43.1 percent of consumers globally say they are spending more time cooking at home during the COVID crisis, which is hindering demand for takeaway services, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData Retail’s...

Suning completes acquisition of Carrefour China, accelerating full-scenario retail layout

Suning.com announced that it has completed the acquisition of Carrefour China, marking the start of the Suning era for Carrefour China.The news follows the deal announced earlier this year (June 23), when Suning.com revealed it intended to acquire an...

UK biggest retailer Tesco axes 4,500 supermarket jobs

Supermarket giant Tesco said Monday it is to axe about 4,500 jobs across its city-centre UK stores to slash costs. Tesco, which is Britain's biggest retailer, will carry out a reduction of around 4,500 colleagues as the group experiences...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Carrefour announces transforming partnerships in China

Carrefour has announced a potential investment by Tencent and Yonghui in Carrefour China as well as a strategic cooperation agreement with Tencent in China.Potential Investment by Tencent and Yonghui in Carrefour ChinaCarrefour has signed a term sheet with Tencent...

French retail firm Auchan to open checkout-free shops in China

Auchan, one of France's leading retail groups, has announced that it would open several shops without checkout counters in China by the year-end, a media report said. "The operation of Auchan Minute is very simple and intuitive. To enter, the...

French retail giant Carrefourr names Alexandre Bompard as new CEO

Carrefour announced the hiring of Alexandre Bompard as its new CEO according to the Wall Street Journal. The French company is Europe's largest supermarket retailer, and currently sells out of warehouses in hypermarket designs. It aims to increase online retail sales...
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Shoppers Stop reaches milestone with 10 million first citizen club members

Members of this program enjoy exclusive benefits such as personalized offers, early access to sales and new collections, invitations...
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