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Fairprice hypermarkets a big hit

FairPrice Xtra hypermarket has become a hit in Singapore. The stores which opened almost two weeks back have attracted over 250, 000 customers so far. Sources close to the company have confirmed that they did not expect such response.The...

Birla to enter retail: Acquires Trinethra

In a bid to enter the retail industry the AV Birla group is about to acquire the Hyderabad-based supermarket chain Trinethra Super Retail, including its online shopping outfit, Fabmall.The Trinethra group has about 172 outlets 83 in Andhra Pradesh,...

Super Christmas for SAMS CLUB Brazil

Sam's Club Brazil, a division of the Wal-Mart Corporation, is expecting to post Christmas sales up by 30 per cent compared to last Christmas trading period. Experts believe that besides its great range of prestige wines, gourmet foods and...

Carrefour Prefers Local Partner To Landmark

After Wal Mart's entry into India, through joint venture with domestic Indian player Bharti, world's second biggest retailer, Carrefour, is also on the lookout for similar tie-ups with local players, to get maximum exposure.Carrefour was earlier in talks with...

AEON Plans Expansion in Malaysia

To widen its market share, AEON plans to open more outlets in Malaysia in 2007. Presently the group operates 15 Jusco superstores and 2 J-One supermarkets. As per the company’s Chairman Datuk Abdullah Mohd Yusof, they will open 5...

S. Koreas Gs Retail To Build Us $ 30 Mln Trade Complex In Vietnam

The GS Retail Co. Ltd. from the Republic of Korea has announced a plan to invest US$30 million in a trade complex located in the My Phuoc III Industrial Park in the southern province of Binh Duong.The RoK's leading...

Consumer on a spending spree

Average consumer spending in India increased by about 42 per cent, primarily due to increase in the disposable income. Adding an impetus to this upward trend, is the rapid shift of the Indian retail industry from an unorganized structure...

Reliance buys Adani Retail

Gujarat based Adani Group sold its retail wing, Adani Retail to Reliance Retail for Rs.1-Rs1.10 billion. This is the first major acquisition in the domestic market by Reliance Retail. Through the acquisition, Reliance gets access to 54 stores in...
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Latest News

Lava International appoints Rajesh Sethi as group CFO

Sethi has over 27 years of financial management and strategic planning experience, will be responsible for overseeing Lava's financial...
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