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Department store JC Penney to close 8 more stores

JC Penney which has already shuttered dozens of locations in the wake of sluggish sales, will close eight more stores this year, eliminating the jobs of roughly 480 employees.The retailer says that as it takes steps to restore revenue...

Welspun India forays into e-commerce with Shopwelspun

Textile major Welspun India entered the ecommerce segment with the launch of an online portal, Shopwelspun, the company said on Thursday. The portal will list brands such as SPACES Home & Beyond, Welhome and Spun, covering products such as rugs,...

United Group, Tangentia launch cloud-based EDI solution

India-origin company United Group and Canadian boutique IT consulting company Tangentia have come together to launch a cloud based EDI (Electronic Data Interchange) solution portal called Tangentia Commerce Gateway. Tangentia Commerce Gateway aims at addressing the primary issue of providing...

Future to replace eZone stores with new format

Kishore Biyani-led Future Group is set to replace its eZone stores with a new format, as it looks to turnaround the struggling electronics retail business. The country's largest retailer has been shutting some of its unviable eZone stores to...

J.C. Penney Company launches new growth brands division

J.C. Penney Company Inc has announced the launch of a Growth Brands Division, which will pursue high potential opportunities in the retail sector. These initiatives will be separate from the company's core JCPenney brand and will leverage its exceptional...

US stores cautious in spite of robust results

US retailers, including Walmart, will give a further reading of the state of US consumer confidence this week as they start the sector’s reporting of earnings for the important holiday quarter.Overall monthly sales have remained significantly below pre-crisis levels,...

Maspar launches ninth exclusive outlet

Home fashion brand Maspar has launched its ninth exclusive store at Ishanya Mall, Pune. Spread across 3,000 square feet, the store will retail the entire range of Maspar.Speaking at the launch, Rajesh Mahajan, founder and managing director, Maspar, said,...

Rajesh Exports and Fossil Inc. part ways

Rajesh Exports, which had recently introduced nine brands of diamond jewellery for both the domestic and international markets, has dissolved its JV with the US fashion accessories giant Fossil Inc. The joint venture was formalised in December 2006.Confirming the...
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Libas secures Rs 150 cr from IAF Series 5, aims to enhance omnichannel presence

This funding round by IAF Series 5, a fund managed by ICICI Venture, is the first-ever external fund raised...
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