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Retail News India

Note: News-feeds aggregated by Integrated Retail. All original content and copyright of respective publishers recognized.

And the award goes to (India Retail Forum 2008 Awards)

Kishore Biyani, chief executive officer, Future Group, was declared the ‘Retail Face of the year’ at the fifth edition of Images Retail Awards (IRA) while felicitating excellences in the business of retail on the third day of India Retail Forum 2008 at The Grand Hyatt, Mumbai.

Total income of Pantaloon Retail up by 52 per cent

Pantaloon Retail India Limited (PRIL), the flagship company of the Kishore Biyani-led Future group has reported a 52 per cent increase in the total income of the company in the financial year ended June 30, 2008.

Triumph hits Mumbai with maiden stand-alone store

Leading intimatewear manufacturing brand Triumph International India Private Limited inaugurated its first stand-alone store in Mumbai. The store stocks an exciting range of internationally available Triumph lingerie.

Reliance launches 15th retail format

The Mukesh Ambani-led Reliance Industries Ltd’s (RIL) subsidiary Reliance Retail has launched the first store of its 15th format of specialty stores under the brand ‘Reliance Home Kitchens’ at Indira Nagar area in Bengaluru.

Westside to nurture emerging talents

Giving a helping hand to encourage emerging talents in the fashion industry, Westside, the retailing arm of Tata, has announced its plan to groom budding fashion designers under its recently launched Designer Development Programme (DDP).

Tradeshow marketing company announces retail store closures

Tradeshow Marketing Company Ltd, a specialty product development and direct to consumer commerce company with operations in North America, announced the closure of its two retail stores in Arizona, US, due to underperformance and increasingly challenging retail conditions. This decision came as part of an ongoing effort to reduce expenses and reverse losses.

PastaMania to invest Rs 40 cr for expansion

In order to expand its presence in Indian market, Singapore-based Italian fast food chain PastaMania has planned to invest around Rs 40 crore to set up 50 outlets by 2012 and is expecting a turnover of around Rs 120 crore.

Scaling market size: The BOP way

Rural and bottom of pyramid (BOP) markets are being considered the next big thing after a considerable saturation in urban markets. Global research firm McKinsey estimates India’s rural consumption to grow at a combined annual growth rate of 5.1 per cent to reach Rs 26.4 trillion by 2025 from Rs 9.7 trillion in 2005.

Mumbai gets Marks Spencer Reliance’s first store

Marks & Spencer Reliance, a joint venture between Mukesh Ambani-led Reliance Retail and the British department store chain Marks & Spencer Group, has planned to launch their first store in Mumbai by January 2009.

Megamart opens its 100th store in India

Furthering their reach in India – value retail chain store – Megamart from the house of Arvind Limited has recently achieved the 100 mark with its 100th store in Karim Nagar in Andhra Pradesh. Future plans include setting up of 400 stores in the next 3-4 years.