Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Flipkart, the Singapore-based parent of India’s online retail giant, reduced investment into its marketplace unit by 70% in the year ended March, effectively restraining the firm’s sales during the period. Flipkart Marketplace, a Singapore-based subsidiary…
Cath Kidston Group has been acquired by Asian private equity company Baring Asia and its chairman is to step down. The lifestyle brand has attained new ownership after its previous majority stakeholder TA Associates sold its shares to Baring Asia, who have…
GMR Hyderabad International Airport Ltd. (GHIAL) offers a new and exciting chill-out zone for passengers at Hyderabad Airport. Island Café & Bar by HMSHost is now available at International departures offering passengers the exciting options of food and…
The Hong Kong Trade Development Council (HKTDC) today signed a Memorandum of Understanding (MoU) with its counterpart in India, the India Trade Promotion Organisation (ITPO) to strengthen economic partnership between Hong Kong and India and increase bilateral…
Arianespace will launch two satellites next week that will provide communications capacity in Australia and India respectively. In the early hours of October 5, Arianespace will launch Sky Muster II, the second communications satellite for Australia’s…
Wal-Mart Stores is seeking to pay as much as US$1 billion for a share of India’s Flipkart Online Services to counter Amazon’s foray into the fast-developing eCommerce market. Under a proposed agreement, reported by both Bloomberg and the Wall Street Journal,…
British fashion brand Superdry is set to expand its store network in India. Superdry India, a joint venture with Reliance Brands, currently operates 21 stores across the country. “We want to grow to 28 to 29 outlets by this fiscal year,” Manu Sharma, business…
Chinese tech firm LeEco India plans to open 1000 outlets across the subcontinent by the end of this year. Expecting half of its revenue in India to come from physical stores, LeEco filed an application five months ago with the Foreign Investment Promotion…
Indian retail giant Future Group has bought Sangam Direct, a chain of grocery stores previously known as Sabka Bazaar, from Wadhawan Retail Ventures. Future group CEO Kishore Biyani has announced the deal without disclosing any figures. It is Future Group’s…
Oracle and the government of Maharashtra have teamed up to advance the state’s digital transformation initiatives. According to the MoU signed between the two, Oracle Cloud solutions will be leveraged in order to develop Maharashtra’s smart city program, with…
The Lazada and Zalora parent is paring back its losses after divesting operations in two markets. With operating losses nearly halved and excluding disposals in India and Southeast Asia, Global Fashion Group (GFG) has reported a 36.3 per cent rise in net…
To cut losses, US sportswear maker Nike India has closed about 35 per cent of its stores. This has left it with about 200 stores, say observers. Nike’s accumulated losses were around US$81 million, according to data filed with the Registrar of Companies. Its…
Telenor India is reportedly exploring a merger with wireless broadband provider Tikona Digital Networks to stay afloat in an increasingly competitive market. Both companies are in active discussions regarding a potential merger, citing multiple unnamed…
Max, India’s largest value fashion brand, today unveiled its Festive Collection with the celebrated Bollywood actress Bhumi Pednekar. They also launched an exclusive festive offer –Sanjeev Kapoor’s Virasat Collection limited edition collection,making this…
India’s Reliance Jio Infocomm is in an ongoing battle with the nation’s three incumbent operators over interconnection capacity. Jio, a newcomer to the mobile scene, is accusing Bharti Airtel, Vodafone and Idea Cellular of refusing to provide enough PoIs to…
Ikea Asia is banking on a rapid store rollout in India and ongoing China expansion to sustain its global growth. The Swedish homewares and furniture specialist will open its first store in India next year and plans to have 25 stores trading there by 2025. And…
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