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Demonetization pushes plastic money usage

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According to the experts, the demonetization is a short term adjustment which the retailer and the ecommerce segment in the country will be stabilized and players will be able to resume their regular operations. As a matter of fact, the ...

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Safilo eye-wear plans India entry

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In order to make the most out of the future business potentials in the Indian market, the Italian eyewear major, Safilo, which is manufacturing goo-goo eyes, has decided to enter Indian market. As with just about any merchandise, from toothbrushes ...

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Metro plans split in India operation

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The Germany-based retail giant, Metro AG has decided to split its India operations into two divisions and has hired senior executives to head them as part of a strategy to further sharpen its focus. In its new scheme of things, ...

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Alibaba reaps rich harvest via APASS

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Launched about couple of years ago, APASS has helped Alibaba attracted rich shoppers trolling its Tmall and Taobao shopping emporiums to keep spending reguarly. Similar to any premium rewards scheme, APASS pushes exclusivity by setting a seemingly high bar for ...

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Henkel plans expansion in emerging market

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In order to expand its ambit in the emerging market, the German consumer goods group Henkel claimed to step up spending and focus on the group’s top brands, such as Persil and Schwarzkopf to try to expand its operations in ...

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UK retail sales climb up in cool climes

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Defying Brexit vote, retail sales in the UK climbed to new high due to cool weather as the retailers recorded a rapid rush to buy winter clothes and buoyant Halloween trade for supermarkets. Figure together with other indicators suggested that ...

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Amazon plans entry into InOrbit mall

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Expanding its retail ambit in the Indian e-commerce market, online retail major, Amazon is likely to occupy prime commercial space which was recently vacated by nearly all the brands in Inorbit mall on the Pune-Ahmednagar road, said sources, adding that ...

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Addidas profit surges in 3rd quarter

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Recording a surge in sales of its own-brand trainers and apparel, the German sportswear group Adidas reported a surge in third-quarter profits. The company, which sponsors English Premier League giants Manchester United, also confirmed its improved outlook for the year, ...

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Starbucks matches sales estimates

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Defying trends prevailing in the global retail market, Starbucks Corp, as per media reports clocked sales at established U.S. cafes matching analysts’ expectations as a result of which its shares move upward to the tune of about 4 percent in ...

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Foxconn fixes Mumbai’s site for new plant

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In its latest scheme of things, Foxconn has decided to set up its next manufacturing factory in India-in Navi Mumbai, which will be the first plant from the contract producer in Maharashtra, but will be separate from the $5 billion ...

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