Store Closure + New Opening Announcements by Retailers
The year 2008, was difficult for retailers. The pioneer of Indian Retail – Kishore Biyani now famous in IIMs and other business schools across the world for his Garva Sey Khao Hum Kanjoos Hey e-mail because he could foresee the storm and made all (more…)
City Max + Hypermarket to get $100 mn infusion
Dubai based Landmark group betting big in the Indian retail space has earmarked $100 mn infusion into its various lifestyle chain – Max, City Max and Max (more…)
Notting Hill Brand Demoted – Salses only in Tier 4 Towns
Notting Hill the brand for aam aadmi launched in 2007 proved costly for Raymonds India. The management has decided to withdraw the brand from metros and Tier-I/II cities with immediate effect.
The (more…)
Gini & Jony to Market Puma Kidswear
German sportswear major Puma is changing its Retail strategy in India from being pure-play sports retailer to complete lifestyle brand. In collaboration with Gini (more…)
Raymonds to expand in Tier IV and V cities
Mumbai-based textile and apparel major Raymond has drawn up plans to expand its retail presence in Tier IV and V cities. The company plans to open 289 stores on a franchisee basis in the next 18 months, which will involve an investment of Rs 100 (more…)
Pantaloon – Future Group – Controlled Growth Strategy
The Management of Pantaloon Retail India Ltd has told during an interaction about the company’s calibrated approach to growth. Here is an excerpt on its strategy going forward.
Company is looking at unlocking value in the value retailing (Big Bazaar) format, where they believe they have reached a critical size. Management said they are in 6-7 strategic discussions (more…)
Palladium Mall – High Street Phoenix Opens for Business
Phoenix is likely to do a soft opening of Palladium, its high-end luxury mall, today at High Street Phoenix (HSP), Mumbai, and make it fully operational within one month. (more…)
SRS Jewels Faridabad – Betting on Diwali Shopping
SRS Jewels – The flagship brand offers Certified Diamond and Hallmarked Gold jewellery. The company has already doubled the size of its first exclusive SRS Jewels store located at SRS Mall, Faridabad, (more…)