Logistics & Retail

Shoe maker Bata IndiaBSE 1.98 % plans to open 100 new company-owned stores this year apart from expanding into smaller markets with around 30 franchisee-owned outlets, a senior company official said. BataBSE 1.98 % India managing director Rajeev Gopalakrishnan said the company plans to open 100 new stores in malls and high-street locations, each of […]

Flipkart has undertaken a pilot programme in Bengaluru, aiming to foray into grocery segment and may expand it to other places across the country, a senior official said here today. The homegrown e-commerce player plans to launch the grocery service shortly, Anil Goteti head of marketplace, Flipkart told reporters without giving any timeframe for the […]

Foreign broking firm Nomura initiated coverage on Kishore Biyani-controlled Future Retail with a `buy’ and price target of Rs 476 citing better earnings prospects and improvement in returns ratios as key reasons. The target price is 36% higher than the stock’s closing price of `350.25 on Thursday . “Despite an 182% uptick in the share […]

Walmart will ink a Memorandum of Understanding (MoU) with the Maharashtra government to set up 15 stores. Walmart is expected to invest Rs 900 crore in the state. The investment will create direct and indirect jobs for 30,000 people. The stores will be set up in the wholesale cash-and-carry format at 15 locations.Company already has […]

Amazon will invest an additional $3 billion in its India operations to take its investment in the country to over $5 billion, the American e-commerce giant’s founder and CEO Jeff Bezos said on Wednesday.Bezos said this at an event here which was attended by Prime Minister Narendra Modi. Amazon will invest $3 billion more in […]

In its first outing abroad, Kishore Biyani’s retail giant Future Group has announced a joint venture with an Omani conglomerate, Khimji Ramdas LLC, to sell clothes and accessories through its ‘fbb’ outlets in West Asia. http://www.thehindubusinessline.com/companies/future-group-enters-joint-venture-to-open-fbb-stores-in-west-asia/article9701254.ece?ref=wl_news

Future Group said it had tied up with UAE’s Khimji Ramdas Group to sell garments in Oman, and eventually across the Gulf region, in its first international foray. The Indian consumer goods firm, which sells everything from electronic goods and groceries to fashion apparel, plans to initially open 4 to 5 stores in Oman, and […]

Multi-format grocery retail chain Star Bazaar, a Tata-Tesco initiative, plans to take its store count to over 65 stores by the end of this year, and 200 stores by 2020, a senior company executive said today. “We plan to scale up to over 65 stores by the end of this year, and touch 200 stores […]

Procter & Gamble (P&G), the world’s biggest consumer goods company, has tied up with Future Group for joint sales forecasting and planning, exclusive product releases and the companies will embed officials from each at the headquarters and be part of supplychain initiatives. The two companies have met nearly four times over the year in India […]