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Retail

Biyani to foray in Cash-and-carry — compete with Reliance and others

Indiaretailing Bureau -
Kishore Biyani of Future Group, India’s largest retailer wants to expand in the cash-and-carry (wholesale) business. According to sources, this venture will be named KB’s Wholesale, and is likely to be rolled out by next month. Many experts believe...
Retail

Printronix Utilizes Microsoft BizTalk RFID Technology

Indiaretailing Bureau -
Microsoft embraces Printronix’s patented MP2 Smart encoding technology and new economical SmartLine SL4M UHF RFID printer encoder as part of its strategic global initiative to facilitate effortless RFID encoding and printing through its BizTalk RFID Infrastructure Printronix Inc. a global...
Retail

Wal-Mart to acquire China retail chain in a billion-dollar deal

Indiaretailing Bureau -
Wal-Mart Stores Inc. will pay about US$1 billion to take over Chinese chain Bounteous Co. Ltd. The acquisition will be done in phases by 2010. Wal-Mart is buying 35 per cent of Taiwan-based Bounteous, which operates 101 hypermarkets in 34...
Retail

Wal-Mart 4Q profit rises 9.8 per cent contradicting all expert estimates

Indiaretailing Bureau -
Wal-Mart Stores Inc. reported its fourth-quarter profit grew 9.8 per cent, and issued a bullish forecast for the world's largest retailer. Profit for the period ended Jan. 31 was US$3.94 billion, or 95 cents per share, compared to $3.59...
Retail

Bharti Retail unveils its roadmap for India

Indiaretailing Bureau -
Bharti Retail unveiled its roadmap at a press conference in Delhi. Addressing the press conference Mr. Rajan Bharti Mittal, Joint Managing Director, Bharti Enterprises said the company will roll out its first store by first quarter of 2008. The...
Retail

New video downloads from Wal Mart

Indiaretailing Bureau -
Wal-Mart has launched the beta version of its new video downloads service, which are available at www.walmart.com/videodownloads. This beta service is said to be powered by new technology from HP Video Merchant Services. It not only has more than...
Retail

Japanese unit of Wal-Mart expects higher net loss in 2006

Indiaretailing Bureau -
Wal-Mart’s Japanese unit Seiyu has announced that the losses in 2006 can be higher than what the company earlier expected. The company expects the net losses to be in the region of $ 479.6 million, which is greater than...
Retail

Top Brass of the Industry register with indiaretailing.com

Indiaretailing Bureau -
Top brass of the India retail industry have registered as members with indiarertailing.com. The portal was launched by Union Minster of Commerce and Industry Mr. Kamal Nath, at Udyog Bhavan on 9th January 2007. The portal is ten days old...
Retail

Costco planning to enter India

Indiaretailing Bureau -
Seattle based Costco (Costco Wholesale Corporation), which has a membership warehouse club format, based on the Wal-Mart’s Sam’s and Club and Metro’s Cash & Carry, is eyeing to enter the Indian market. The company is valued over $60 million and...
Retail

Carrefour Prefers Local Partner To Landmark

Indiaretailing Bureau -
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...
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Zomato starts crowd-supported weather infrastructure network

The network, weatherunion.com, provides localised, real-time information on key weather parameters such as temperature, humidity, wind speed and rainfall New Delhi:...
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