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Tesco set to become world’s second largest retailer by 2012

Tesco is set to overtake Carrefour in the global turnover rankings within the next five years, making it the world’s second largest retailer after Wal-Mart. IGD’s latest report, Global Retailing: Preparing for Change, predicts that Tesco will grow at...

Bharti Retail to roll out supermarket format

After making its debut in satellite TV, Bharti is all set to stretch its arms in its already existing retail business. According to sources in the company, Bharti Retail is now planning to roll out its supermarket format in...

Wal-Mart takes action to end forced child labor in Uzbekistan

Wal-Mart Stores Inc has instructed its global supply base to cease sourcing cotton and cotton materials from Uzbekistan in an effort to persuade the Uzbek government to end the use of forced child labor in cotton harvesting.This action follows...

Wal-Mart to go ahead with India plan

Global retail giant Wal-Mart is firm on expanding its cash and carry stores to India in association with Bharti Enterprises despite opposition to organised retail in different parts of the country.Speaking to media, Raj Jain, president, Wal-Mart India, said,...

EWDPL to aid ‘growth’ of tier-II India

With over 50 malls, 35 hotels and 10 townships on the cards, Entertainment World Developers Private Limited (EWDPL) is aiming to be the largest developer of shopping malls and urban city centres in the country.At present, through 21 projects...

Videocon bold on cash-and-carry competitions

Venugopal Dhoot-promoted Videocon Industries is prepared to face the tough competition in the cash-and-carry business. With an initial investment of about Rs 400 crore, in April, the company announced its entry in the country’s Rs 1,200 crore cash-and-carry segment....

Videocon bold on cash-and-carry competition

Venugopal Dhoot-promoted Videocon Industries is prepared to face the tough competition in the cash-and-carry business. With an initial investment of about Rs 400 crore, in April, the company announced its entry in the country’s Rs 1,200 crore cash-and-carry segment....

Leading fashion and lifestyle brands to get together at Pure and Play

India Fashion Forum with support from ministry of textiles, government of India, is hosting the second edition of Pure and Play from June 29 to July 1, at Pragati Maidan in New Delhi.Conceptualised to direct the growth of the...

Wal-Mart’s senior VP to join Halfords

Halfords, the UK-based bikes and motor accessories retailer, has appointed David Wild, Wal-Mart’s senior vice-president of new business development, as its chief executive, with effect from August 4.Announcing this, Halfords chairman Richard Pym said: "We are delighted that David...

Wal-Mart plans to open in Russia

Wal-Mart, as part of its initiatives for international expansion, has planned to open in Russia and surrounding countries.Wal-Mart vice-chairman Mike Duke said: "We are aggressive in addressing certain opportunities that needed to be addressed and will ramp up our...
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Reliance Retail’s Azorte opens in Vadodara

The new store is located at Genda Circle New Delhi: Azorte, a premium fashion and lifestyle store chain by Reliance Retail,...
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