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Fabindia terms reports about acquisition of East as only speculative

Fabindia, the leading Indian retailer specialising in ethnic Indian design and fabrics, is in the headlines. According to media reports, the company is learnt be in talks with East, UK's bohemian womenswear retailer that pioneered the sale of Indian...

Macy’s Inc. to open in Dubai in 2010

Macy's Inc. announced that the first Bloomingdale's stores outside of the US will open in February 2010 in Dubai, United Arab Emirates (UAE), as part of a strategic relationship with Al Tayer Group LLC, a leading UAE-based company with...

Macys swings to profit

American retailer Macy's said it had a fiscal third-quarter profit after limiting expenses. The retailer cut its fourth-quarter sales forecast, sending the shares down the most in more than five years.Macy's reversed a year-earlier loss as costs to integrate...

Rising fuel cost slows US retail sales

Rising fuel prices and fall in property value led to slow pace of retail sales in the U.S in October as it left shoppers with little extra cash to spend, economists said.Purchases rose 0.1 percent, the smallest increase in...

Shoppers’ Stop may bring Macy’s to India

Shoppers’ Stop, promoted by K Raheja Group, may tie up with US-based, $26.79-billion retailer Macy’s Inc. to bring its apparel brands to the country. The company’s talks with the US retailer are in advanced stages and they may finalise...

World Retail Congress concludes in Barcelona

The very first World Retail Congress closed on March 30 following a three-day programme of plenaries, business seminars and awards which saw more than 1,000 senior retailing professionals from 50 nations attend, including delegates from Brazil, China, Dubai, France,...
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Max Fashion launches new youth centric brand ‘Urban’

The first Max Urban collection will be available across the brand's retail stores as well as on the e-commerce...
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