Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
German luxurious pen model Montblanc and Indian three way partnership companion Tata Group, have acquired authorities approval for his or her single model retail enterprise in India. India’s Overseas Funding Promotion Board (FIPB) on Monday authorised the…
Global smartphone sales rose by eight per cent in value terms in the first quarter of this year. Sales of larger screen devices (5″ and higher) continued to drive year-on-year growth according to data from GfK. But while handset demand increased seven per…
New analysis predicts the Indian retail market will hit US$1.2 trillion by 2020 and $2.1 trillion simply 5 years later. This yr, Indian retail gross sales are projected to realize simply $550 billion. The astonishing progress projection comes from business…
Travellers flying out of Kempegowda Worldwide Airport in Bengaluru, India might be handled to a stroll of nostalgia and wealthy South Indian custom in Nuance’s new Obligation Free Retailer on the departure lounge. Nuance India has opened a 900 sqm purchasing…
Aditya Birla Retail, which owns almost 500 Extra-branded supermarkets and hypermarkets throughout India, is to purchase the rival superstore enterprise Jubilant Agri and Shopper Merchandise. The deal will add 4 Complete Superstore hypermarkets to its…
US burger chain Wendy’s has made its Indian debut this week – with the first of up to 50 stores planned over the next five years. Wendy’s India is a joint venture between International Market Management of England and Rollatainers of India who established…
Global investment banks are scrambling to get a piece of the action from India’s booming technology start-ups, having missed out on the initial flurry of dealmaking to their better-connected but much smaller domestic rivals. Banks including Goldman Sachs…
The Kumar Mangalam Birla-controlled group on Sunday introduced a plan to merge its Aditya Birla Nuvo Ltd (ABNL)-operated trend retailing enterprise with Pantaloons Trend & Retail. This can create India’s largest branded attire participant, valued at Rs 12,000…
India’s mobile-phone companies are paying a record 1.1 trillion rupees ($18 billion) to keep their networks running. It’s money well spent, if the stock market is any guide. The MSCI India Telecom Services Index has rallied 14 percent from this year’s low on…
Croma, consumer durables and electronics chain of the Tata Group, is looking to open a dozen more stores this financial year. In April, the first month of 2015-16, it launched three stores. Two more are being readied for launch in a month or so. “We have…
Retail chain V-Mart will invest around Rs 200 crore to add nearly 200 new stores in different part of the country in the next five years. The company is also targeting over four-fold jump in revenue to touch Rs 2,500 crore by 2020 with smaller towns expected…
Future Group, one of India’s highest profile retailers, has agreed to merge its operations with Bharti Retail to create a retail powerhouse with more than 570 stores. Bharti Retail currently runs more than 200 Easyday branded stores of multiple formats across…
US retailer Children’s Place, has contributed another $2 million to the Rana Plaza Donors Trust Fund, narrowing the shortfall to $2.7 million. The fund was set up to provide assistance to victims of the 2013 disaster when 1129 workers were crushed to death…
Sport Zone, Portugal’s leading sports retail chain, will launch in India through stores managed by Trent. Part of the Tata group, Trent is one of India’s largest and fastest growing retail chains. Sport Zone, headquartered in Iberia and owned by Sonae, is the…
McDonald’s India has opened three McCafés in Bengaluru. Westlife Development, owner of the Master Franchisee of McDonald’s in India, Hardcastle Restaurants, said the McCafes were the first in South India. Smita Jatia, MD of Hardcastle Restaurants, said…
Germany’s Metro Cash & Carry on Wednesday announced to open its fourth wholesale outlet in Bengaluru, taking its total count to 18 in India. The new store, which would come at Binnypet area of the city would start its operation by early July, Metro said in a…
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