Dubai-based Lulu group launches India’s first Toys”R”Us store

Dubai-based Lulu group launches India’s first Toys”R”Us store in Bengaluru The store opened to a huge crowd, with the first customer buying toys worth more than Rs. 1 lakh. Abu Dhabi-based LuLu Group has launched the global retail toy brand Toys“R”Us in India, with the first store being opened in Bangalore, today. The first store, touted to... Continue Reading →

Amazon invests $27.6m in Indian retailer

CEO Jeff Bezos has allocated $5 billion toward Amazon's expansion in India Amazon.com  is set to buy a 5 percent stake in Indian retailer Shoppers Stop, valued at $27.6 million (1.79 billion-rupee), as the US company steps up efforts to gain ground in the fast-growing consumer market. Shoppers Stop’s board approved the issuance of 4.4... Continue Reading →

Forever 21 Opens 4th Store in Mumbai

Feb 28: Forever 21, a leading fast fashion brand from Aditya Birla Fashion and Retail Ltd (ABFRL), part of the Aditya Birla group, is further strengthening its foothold in Mumbai with the launch of its 4th store, taking the total count to 15 stores in India. Forever 21 is a California-based fast fashion brand that... Continue Reading →

Insights: Top 10 retail predictions for 2015

Framingham, Mass. -- By 2017, three times as many retailers as now will explicitly underpin their customer and operations strategies on 3rd platform technologies. That’s one of IDC Retail Insights’ top 10 worldwide retail predictions for 2015. IDC revealed the predictions during a Web conference, IDC FutureScape: Worldwide Retail Agenda 2015 Predictions. The top 10... Continue Reading →

Bulgari set for India return

wealthy Indians, said people familiar with the brand’s plans who declined to be named. The brand’s launch comes after it received approval from the Foreign Investment Promotion Board (FIPB) in July to set up single-brand retail stores through a joint venture with New Delhi-based Luxco India Retail Pvt. Ltd. Bulgari, known for its jewellery designs,... Continue Reading →

The ‘best-performing’ retail CEOs in the world

While retail can get swept up in the newest cross-channel strategy and payment technologies, it’s a company’s long-term vision that ultimately determines longevity in this sometimes volatile sector. Harvard Business Review recently released its annual list of the 100 best-performing CEOs in the world, assessing the heads of companies in the S&P Global 1200 by... Continue Reading →

IKEA may open first India store in 2017

NEW DELHI: IKEA may take another three years to open its first store in India, because the world's largest furniture retailer is yet to sign up real estate for its usually sprawling facilities. And, the Swedish company will adopt a cluster approach when it rolls out the stores by opening multiple outlets in places like... Continue Reading →

MIchael Kors expands further in India

Michael Kors has already opened four stores within a year after its entry into India, and its retail networks presently counts stores in New Delhi, Mumbai, Kolkata and Bangalore. Michael Kors stores and operated by local partner Genesis Luxury. Given the positive feedback of the Indian market, Michael Kors aims to open additional stores later... Continue Reading →

Uniqlo is ready to open 1,000 stores in India

While Fast Retailing is currently looking for suppliers in India, its flagship brand Uniqlo may open a thousand stores in the country, over the next ten years. Uniqlo has recently launched its new Paris flagship That’s according to Times of India. Sources familiar with the matter told the newspaper that during the recent visit of... Continue Reading →

India Reliance posts record $1-billion Q1 profit

Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance. Reliance, controlled by the country's wealthiest man Mukesh Ambani, announced net profit for the three months to June climbed by a better-than-expected 13.7 percent to 59.57 billion rupees ($1 billion) in the same... Continue Reading →

Ikea to invest USD100m in first Indian outlet

Ikea, the Swedish furniture retailer will have its first Indian store in Hyderabad. A team of representatives of Ikea, led by its CEO Juvenico Maeztu met Telangana Chief Minister K Chandrashekhar Rao in Hyderabad today and discussed the plans. Welcoming the decision of the company, KCR assured that all the necessary clearances would be granted... Continue Reading →

Uniqlo ready to set up 1000 stores in India

NEW DELHI: Japanese retail giant Uniqlo on Wednesday suggested that it will open up to 1,000 stores in India in the coming years to tap into the growing consumption story and announced a strategy to source garments from the country. Two sources familiar with the development told TOI that Uniqlo chairman and CEO Tadashi Yanai,... Continue Reading →

Shiseido to launch ‘Za’ brand in India

NEW DELHI: Japanese personal care products maker Shiseido Co is foraying into the high-end skincare and makeup segment in India with its brand 'Za' and plans to sell products through 250 sales points across the country by the end of 2014. "The 'Za' brand will be launched in the second quarter of the year," Shiseido... Continue Reading →

10 best retail companies in India to work for in 2014

Research and consulting firm, Great Place To Work Institute and Retailers Association of India (RAI) came together to recognise India's Top 10 Best Retail Companies To Work for in 2014. The companies were considered on the basis of five dimensions: credibility, respect and fairness, pride and camaraderie. By executing practices across areas such as inspiring,... Continue Reading →

Arvind Buys 49% in Calvin Klein India

Sanjay Lalbhai-controlled Arvind has finalised a deal to buy out 49% stake jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in Calvin Klein India for close to 100 crore, said three persons close to the transaction. The deal will help the denim major widen its ties with its existing... Continue Reading →

Apple wants to open own stores in India

Apple Inc, the maker of iPhones and iPads, has asked the government to relax the local sourcing clause in its policy on foreign direct investment (FDI) in single-brand retail. Though government officials seem to have ruled this out for now, the proposal has not yet been closed. The company’s senior management executives recently met officials... Continue Reading →

Amazon.in launches India’s largest selection for Video Games, Music and Luggage

Amazon.in launches India’s largest selection for Video Games, Music and Luggage MUMBAI: Amazon.in today announced the launch of three new stores: Video Games, Music and Luggage & Bagson its marketplace, http://www.amazon.in. With the launch of these three new stores, Amazon.in now has a wide selection across 18 product categories comprising of over 900,000 products, more... Continue Reading →

Lenskart plans 100 retail stores across India

Online retailer Lenskart will set up 100 retail stores across the country over the next 2 years as it aims to strengthen offline presence and compete with local players in the Rs 10,000-crore Indian eyewear market. Lenskart, which offers prescription-based and fashion eyewear, currently has seven stores in places like Chandigarh, Pune, Agartala and Goa... Continue Reading →

Costa Coffee, has set up shop in Kochi.

Costa Coffee keen on expansion After Chennai and Bangalore in South India, Costa Coffee, one of the largest retail coffee chains in the world, has set up shop in Kochi. The British Deputy High Commissioner in Chennai, Bharat Joshi, opened the Kochi outlet at Lulu Mall. Santosh Unni, CEO, Costa Coffee-India, said the outlet would... Continue Reading →

Luxury brand Kiton plans two stores in India

NEW DELHI: Italian luxury bespoke clothing company Kiton plans to open at least two exclusive stores in India to tap the country's booming market for super expensive menswear, a top executive said. Kiton, which entered the Indian garment market last year through a master franchisee deal with Mumbai-based Regalia Luxury Clothing, is also considering incorporating... Continue Reading →

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