Logistics & Retail

Swedish home furnishing company IKEA has initiated talks with the Tamil Nadu government to set up two stores in Chennai, which would become operational by 2019-20, according to a top official. “We will be setting up two stores in Chennai and are scouting for land,” said Juvencio Maeztu, chief executive officer, IKEA India Pvt. Ltd.,. […]

Flipkart’s fashion arm Myntra expects a five-time increase in sales during the upcoming Big Billion Days (BBD) sale, the five-day annual flagship sale event slated for September 20-24. With fashion being one of the top categories for the ecommerce player, its other fashion retailer Jabong will also participate in BBD. Flipkart is targeting an overall […]

Amazon.in has opened its largest fulfillment centre in the country, with an aim to improving its customer experience just ahead of the festive season. Fulfillment centre, situated in Shamshabad near Hyderabad, Telangana, is spread over 4,00,000 sq ft with close to 2.1 million cu ft of storage space.This is the fifth fulfillment centre in Telangana. […]

Vikram Bakshi, the estranged partner of McDonald’s, today said the 169 outlets he runs in north and east India will continue to operate under the US brand. McDonald’s, which had last month terminated franchise pact that essentially meant the 169 outlets cannot use its trademark, said it would enforce its legal right to refrain Bakshi […]

Swedish furniture retailer IKEA is set to launch its flagship store in the country in 2018. Work on the facility located in the IT hub of Hyderabad has gathered pace. Upcoming facility will entail an investment of Rs. 1,000 crore. The company is in the process of setting up a 250 seater contact centre in […]

Country’s largest car maker Maruti Suzuki India Limited (MSIL) on Wednesday announced the revamp of its retail network. New showrooms will be christened Maruti Suzuki Arena. Kenichi Ayukawa, managing director and chief executive officer, MSIL, said, “While we continue to bring technology and quality into products, alongside we are focused on quality of our network…Technology […]

Amazon.com Inc. on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc , with approvals from a U.S. A. regulator and the grocery chain’s shareholders. The U.S.A. Federal Trade Commission said in a statement it would not pursue its investigation into the proposed merger […]

E-commerce firm Snapdeal today terminated talks for a takeover by larger rival Flipkart, saying it will “pursue an independent path” to continue its operations. The company was reported to be in talks for selling its business to Flipkart in a USD 900-950 million deal.”Snapdeal has been exploring strategic options over the last several months. The […]