| The world's largest online retailer is tiptoeing into India, using cover from a comparison shopping site Junglee.com that it acquired 13 years ago. Amazon, whose moves have been closely watched for any sign of an imminent entry into the Indian retail market, will not sell or buy anything in the country for now. Instead, it will direct customers to both online and offline vendors listed on Junglee. "Its recent moves to set up a fulfillment centre (in Mumbai) and now the Junglee launch certainly look like precursors to a retail launch whenever the government allows FDI in multi-brand retail," said Devangshu Dutta, CEO of retail consultancy Third Eyesight. A legal expert at one of the country's largest law firms said Amazon was making a 'clever entry'. | |
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| Future Group-owned Indus-League Clothing has launched an exclusive Manchester United store in Mumbai. It is the Premier League club's first Manchester United store in India to market the League merchandise comprising apparels for adults and children, memorabilia and accessories. In the first phase, three standalone stores will be opened in Mumbai, Kolkata and New Delhi. Manchester United Merchandise is a high-end sportswear brand catering to its fan-base across the country. The company plans to have about six Manchester United merchandise stores in the coming year. | |
| The Indian government has reportedly assured global retail giants Walmart and Metro that its retail reforms agenda is going ahead. The Indian government last week assured the international supermarket giants that its retail reforms are well on course, according to a news report. India's commerce and industry minister Anand Sharma has reportedly told Walmart president Doug McMillon and Metro board member Frans Muller that India's decision to put foreign direct investment (FDI) in multi-brand retail on hold was "just a pause" forced by coalition politics, when he met them at the World Economic Forum in Davos. | |
| The Tata Group firm, Titan Industries said that it has revised downward its watch sales target by half a million units for the fiscal following weak economic sentiment and a slowdown in the sector. "At the beginning of the year, we were thinking about 16.5 million units, but now we are thinking of only 16 million," Titan Industries' Chief Operating Officer Harish Bhat said. The country's largest watchmaker had last year sold 13.5 million units across all its brands with 4 million sales in Titan, 7 million from Sonata and 2 million from Fastrack. | |
| Hindware Home Retail (P) Ltd, a 100 per cent subsidiary of HSIL Ltd, has announced the launch of EVOK Mega Home Store in Kochi spread over 12,000 sq ft area opposite to Lulu Mall in Edappally near here. The store has over 16,000 world class contemporary lifestyle products across categories such as home furniture, soft furnishings, home decor and accessories, modular kitchens, laminated floorings, bath and lightings. The EVOK Mega Home Store also provides aunique 'Design to Build' interior design services and turnkey execution to its customers. | |
| Tata Group's consumer-centric firms including Croma, Westside and Taj Hotels will soon initiate cross-marketing activities such as promotions and campaigns by sharing customer database and insights. "What we plan to do is leverage different databases and provide more value to the customers," says Akash Sahai, Managing Director, AIMIA India, a joint venture between Tata Capital and Canadian firm AIMIA (formerly Groupe Aeroplan) that will launch a common loyalty card for clients within and outside Tata Group. | |
| Growing at a compounded annual growth rate (CAGR) of about 40%, the booming designer wear industry in India is likely to cross Rs 11,000 crore mark by 2020, apex industry body ASSOCHAM said on Thursday. The domestic designer wear industry is currently poised at about Rs 720 crore, according to a study titled 'Trends in Indian Designer Wear Industry' released by Assocham. "The designer wear industry in India is driven by higher disposable incomes leading to rising purchasing power, emergence of mall culture, changing sense of style, dressing and growing fashion consciousness among urbanites," said Mr D.S. Rawat, secretary general of ASSOCHAM while releasing the findings of the study. | |
| As big-name retailers like Best Buy and Home Depot exited China last year, India has just liberalized its single brand retail to permit 100 percent foreign investment. A comparison of India and China's retail markets reveals some lessons for retailers in both markets in the second and third-tier cities. India ranks fourth globally for retail development on the 2011 Global Retail Development Index (GRDI), a study by global management consulting firm A.T. Kearney. Meanwhile, China's retail development ranking took a dramatic fall from first in 2010 to sixth place in 2011. | |
| Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, has announced the launch of its report Retail Market in India 2012. The Indian retail market has experienced high growth over the last decade with a gradual shift towards modern retailing formats. The retail sector in India is poised for strong growth in the near future. An analysis of the drivers and challenges explains the factors leading to the growth of the market including low organised retail penetration, rising income levels and consumerism, growing retail space and mall boom, increasing availability of credit and changing demographics and consumer behaviour. | |
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They barked "I DO" as the band played  Click here for more detailsHundreds of Dogs all dressed to the Hilt, wagging tails and Barking I DO's ... Ansal Plaza Malls in Delhi, Gurgaon, Greater Noida Witnessed a Mass Dog Wedding, accompanied by lots of BOW-WOWS and Fashion Show. Six couples, a Mr. & Mrs. St.Bernard, German spitz, cocker spaniel, Russian terrier & Lasa apso emerged from a ceremony solemnized by a priest even as a band played & rose petals were showered on the newly-weds.
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