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Shoppers Stop may sell Hypercity to Future Retail for Rs 700 crore

Raheja Group’s multi-brand fashion retailer Shoppers Stop Ltd on Saturday announced selling 5 per cent of its equity share (43.96 lakh shares) of Rs 5 face value to e-tail giant Amazon.com at Rs 407.78 per share, aggregating to Rs...

Cambay Tiger Seafood Mart opens in New Delhi and Pune

WestCoast Group, a leading fully integrated seafood company in India has launched the company-owned seafood retail outlets Cambay Tiger Seafood Mart (CTSM) in New Delhi (Defence Colony) and Pune (Viman Nagar).  The launch comes after the success of CTSM outlets in Mumbai at Bandra and Lokhandwala...

Retail Technology Leaders Envision The Future of Retail

Till about a decade ago, technology was considered unobtrusive, a “back office thing” without a name or an identity. Consumers were shopping the old-fashioned way, wearing out their shoes instead of their keypads. Today, buzzwords like ‘consumer centric’ and...

Gaursons to invest Rs 750 crore to develop shopping mall in Noida Extension

Real Estate firm Gaursons is investing Rs 750 crore to develop a shopping mall in Noida Extension to tap business opportunities in commercial real estate which is doing well despite overall slowdown in the property market. According to a PTI...

Hypercity to be profitable in FY19': Govind Shrikhande

Shoppers Stop subsidiary departmental stores chain Hypercity was aiming to be profitable by FY19', a top company official said today. "By the end of the current fiscal year there will be operating profit at the store and Ebita level, while...

Rise of Indian luggage industry: From utility to fashion accessory

Remember when Hritik Roshan acted as the poster boy of VIP commercials, making all the girls swoon and all the boys wish they could carry a VIP luggage like him. How about when American Tourister commercial became an exemplary...

Usha International targets 50 pc sales growth this fiscal

Usha International is targeting 50 per cent sales growth this fiscal driven by expansion of offline sales points, mainly in regional markets, and increased business volumes from e-commerce platforms. According to a PTI report: The company, which had a turnover...

From Traditional to Global: Gourmet grocery giants of India

Sales of gourmet and international foods – marked by unique and exciting flavour profiles, high-quality formulations and beautiful packaging – are soaring in India. The category has been growing at a steady healthy clip of 20 per cent CAGR...

Shoppers Stop net loss narrows to Rs 3.45 crore

Shoppers Stop has reported narrowing of standalone net loss at Rs 3.45 crore for the first quarter ended June 30. According to a PTI report: The retail company had posted a net loss of Rs 13.56 crore for the same...

HyperCITY introduces Hyper Food Island

HyperCITY Retail (India), one of the largest hypermarket chains in the country has unveiled the ‘Hyper Food Island’ an exclusive section that hosts an assortment of niche international and national brands. Announced at HyperCITY’s flagship store –Malad, the Food...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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