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Amazon to take on Carrefour in the next 10 years

According to a London-based research boutique, Research Farm's latest report,“An Insider View: Amazon.com,” the online retail giant, Amazon's outstanding sales growth will lead to Amazon overtaking the world’s second biggest retailer Carrefour in sales within the next ten years.The...

Retail leaders moot segment-wise FDI

Segment-wise FDI in the food and non-food segment is important for the retail sector, said Future Group CEO Kishore Biyani at a close gathering of top industry retailers, which was attended by the who's who of Indian retail.Biyani said,...

Shoppers Stop open to partnerships in food biz once FDI permitted

Retailer Shoppers Stop, part of the K. Raheja Group, will look to explore partnerships with overseas firms once foreign direct investment is permitted in multi-brand retail, a top official told Reuters."Once the rules on FDI are clear there is...

Tesco, Walmart a step closer to Indian shores

In a sign that the government is moving towards allowing global supermarkets, such as Walmart, Tesco and Carrefour, to set up deep-discount stores, a committee of secretaries on Friday approved the One of the conditions is that at least...

Tesco steps up battle for attention of Chinese retail consumers

The battle for supermarket supremacy in mainland China is about to enter a new phase as the United Kingdom-based Tesco chain opens a giant new logistics center and announces plans to open more than 20 new stores nationwide this...

Carrefour’s Shaky Recovery Prospects

The wheels seem to be coming off Carrefour's shopping cart. On Tuesday, the French retailer's planned merger of its Brazilian operations with retailer Brasileira de Distribuicao collapsed after the Brazilian government withdrew support in the face of opposition from...

Tesco opens logistics center as it expands

Tesco Plc China will open more than 20 stores this year and has opened its first freehold and largest logistics center in coastal Zhejiang province. Tim Ashdown, chief executive of Tesco China, said that in addition to its core...

Carrefour Predicts Profit Drop

French retail giant Carrefour SA, reeling from the collapse of a proposed merger in Brazil, on Wednesday defended its growth in emerging markets amid crumbling sales at home and an expected drop in profits.Second-quarter sales rose 1.6 per cent to...

Retail demand cheers Lohia Warehouse’s biz

Established to cater to the whopping demand from the retail sector, Lohia Warehouse – a part of the Lohia Group – has said it will double its stock keeping units (SKU) capacity to 25,000 by next year. It currently...

Brazil backs away from Pao de Acucar deal

Brazil's government will withdraw its financial and political support for a controversial tie-up between retailer Pao de Acucar and the local unit of France's Carrefour, a government official said on Monday, dealing the plan a severe blow.The complex deal,...
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Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business

Patanjali Foods will consider acquiring brands like Dant Kanti and Kesh Kanti of Patanjali AyurvedNew Delhi: Patanjali Foods Ltd,...
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