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Logistics & Retail

Raymond expects around 20 per cent of its textile and apparel retail business in India to come from small towns, where it is opening ‘Mini TRS’ stores catering to aspirations of the people , a company official said. The company, which has recently achieved the target to open its 200th ‘Mini TRS’ (The Raymond Shop), […]

Clothing retailer Zara will expand online sales to an additional 106 countries through a dedicated online platform, mostly in Africa, parent firm Inditex announced. The launch means Zara apparel will be available online in 202 countries.“From tomorrow, Zara’s global women’s, men’s and kids collections will be available in a total of 202 markets, underpinned by […]

Retail-led mixed-use asset developer and operator The Phoenix Mills is looking to double its operational retail portfolio to around 12 million sq ft over the next 4-5 years from the current 5.9 million sq ft. The company is eyeing acquisition opportunities judiciously in key property markets across India to support its targeted growth, said a […]

India’s top apparel retail chains Shoppers Stop, Reliance Trends, Lifestyle, Future Group, Arvind Brands, Max and Fabindia said sales this festive season grew in double digits, quashing the impact of online discounts and overcoming a poor performance last time due to the introduction of GST. The retailers said same-store sales — a key performance indicator […]

Tata-owned Infiniti Retail, which owns and runs the Croma electronics retail chain, has received Rs 250-crore equity infusion from Tata Sons to undertake rapid expansion with the goods and services tax (GST) regime allowing it to set up a single store in a market, against its earlier strategy of cluster-based expansion to set up multiple […]

Amazon.com NV Investment Holdings LLC, the investment arm of US online retail giant Amazon.com Inc., and private equity firm Samara Capital have sought the Competition Commission of India (CCI)’s approval to acquire supermarket chain More from the Aditya Birla group. According to documents sourced from business intelligence platform Paper.vc, Amazon.com NV Investment Holdings will acquire […]

The warehousing industry in the country is expected to grow at 13-15 per cent in the medium term, driven by the growth in manufacturing, retail, FMCG and e-commerce sectors. Growth in overall production and consumption, organised retail, logistics outsourcing and regulatory interventions such as WRDA Act and GST have improved prospects of the organised professional […]

India and Myanmar inked a crucial MoU for the appointment of a private operator of the Sittwe Port that will boost connectivity and help in creating local job opportunities as the two sides discussed bilateral issues as well as topics of common interest, including developments in the strife-torn Rakhine state. The MoU was signed by […]

Swedish furniture retailer Ikea plans to invest close to Rs1,000 crore in its first store in Bengaluru. Karnataka is a priority market, the company said, adding, it will invest over Rs2,000 crore in the state in long term. Ikea’s Bengaluru store is expected to employ 800 to 1,000 directly and engage the services of another […]