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Logistics & Retail

Amazon India has partnered with LoomWorld to offer the latter’s handwoven products from Tamil Nadu on its platform . This tie-up is expected to promote goods produced by the 800 Weavers’ Cooperative Societies supporting 1.89 lakh households across the State get easy access to newer markets, and transform the way their products were being sold […]

Country’s largest white goods maker G India has rejigged its senior management team and tweaked its sales structure in a bid to boost sales by more than 20% next year, three senior industry executives said. The Korean major has dismantled the earlier sales structure where the country was divided into two territories with two separate […]

French sports goods chain Decathlon will open its fourth store in Chennai at Ramee Mall on December 31. Decathlon will occupy the first two floors and will be the only outlet in the mall, which is owned by the Dubai-based Ramee group. Aditya Mani, Store Leader for the Ramee project, said only products for mountain […]

Innovative Retail, which runs BigBasket, has more than doubled its business to cross the Rs 1,000-crore sales mark in FY17, indicating the growing preference for online grocery-shopping in India despite sluggish trends in the broader consumer market. Innovative Retail reported revenues of Rs 1,090 crore in the year to March 2017, translating into a 107% […]

Department of industrial policy and promotion (DIPP) has approved two foreign direct investment (FDI) proposals worth Rs 412.85 crore in the retail sector. Damro Furniture will undertake single brand retail trading of ‘Damro’ branded products in India. The company has proposed to invest Rs 402 crore.Supr Infotech Solutions has proposed to make an investment of […]

Wonderchef is planning to expand its retail footprint by opening three more stores in Gurgaon. Expansion is part of the company’s plan to set up 40 stores across the country in the next two years, at an investment of around Rs.20 crore. http://www.projectstoday.com/News/Wonderchef-to-open-three-more-stores-in-Gurgaon

Footwear and apparel brand Woodland set up its first outlet in 1992 in Delhi. Today, it is one of India’s most successful retail brands with over 600 outlets and 20 per cent of its ?1,200-crore turnover contributed by exports. What has remained unchanged is its organisation structure. It is still a partnership firm, arguably the […]

Reliance Retail wants to expand its B2B play by foraying into distribution of apparel, FMCG and white goods directly to neighbourhood and kirana outlets since it wants to tap a larger pie of the market considering scope of exponential growth in organised retail, currently limited to 8% of the total market. Two senior industry executives […]

Ace Turtle, a Bengaluru-based retail technology company, has partnered with the Netherlands-based supply chain management company CEVA Logistics to enable freight forwarding for its global retail brands in South East Asia. Ace Turtle is financially backed by Vertex Ventures and C31 Ventures, the venture capital arm of Capitaland, a Singapore-based real estate company. Under the […]

Leading retail chain Future Group plans to open 10,000 member-only Easyday stores to make it a Rs.1.5-trillion business opportunity by 2022. Retail chain today unveiled a 30-year vision, Retail 3.0, by when it plans to become Asia’s largest integrated consumer retailer by 2047 with revenue of in excess of USD 1 trillion. Future Group chief […]