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American retail chains look north

Canadians should expect to see more of their familiar store brands disappear over the next few years as American chains continue to look north. But increased competition means consumers will be the winners, says a report.“Foreign retailers will look...

Target finalising plans for Canadian launch

Target Corp. is firming up its plans for its much anticipated Canadian debut, setting up three distribution centres here and refining its strategy to include the sale of fresh food at some locations.The move into the food market wasn’t...

Wal-Mart to spend $759 million in Brazil this year

Wal-Mart Stores Inc , the world's biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America's largest economy, the unit's top executive said.Wal-Mart Brasil Chief Executive Marcos Samaha...

Tech retailers revamp business model

Kishore Biyani has yet to crack one segment of the business: electronics retailing. eZone has been a drag on his Future Group and India's largest retailer last month decided to hive off the business and look for a strategic...

Target eyes $6B in annual Canadian sales

U.S. retail giant Target Corp. expects to generate at least $6 billion in annual sales in Canada in as little as six years as it makes its first foray into a foreign market.Chief financial officer Douglas Scovanner also said...

Wal-Mart rubbishes report on JV with Future Group

Walmart India has dismissed the recent media reports which suggested it was looking to invest in a joint venture with Kishore Biyani-led Future Group.Speaking exclusively to IndiaRetailing, a Walmart India spokesperson said, “It is speculative to say Walmart is...

Wal-Mart Q4 net sales up 2.5 per cent at $115.6 bn

Wal-Mart Stores Inc has reported net sales of $115.6 bn for the fourth quarter ended January 31, 2011, up 2.5 per cent from $112.8 bn in the corresponding quarter last fiscal.Net sales for the fiscal year 2011 were $419...

Walmart appoints Cindy Davis as EVP, Global Consumer Insights

 Walmart has appointed Cindy Davis as executive vice-president of Global Consumer Insights. Davis will lead the newly created Insights team, helping both Walmart and Sam’s Club understand broad consumer trends, provide insight into customers’ needs across the world and...

GeoGirl, Wal-Mart’s New Beauty Brand Targeted at Tweens

Wal-Mart has zeroed in on two of the hottest topics of discussion among the Tweens - green living and technology. Its new beauty brand, GeoGirl is meant for eight to 10 year olds and contains natural ingredients, including white...

The world wants denim from India

With various shades and textures of denim splashed across the table, Aamir Akhtar, CEO - Denim Fabrics, is working with his young designers in the swanky Arvind Ltd’s design studio to finalise the `Arvind Meets Kato` collection for global...
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India’s gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore ($2,240.77 million) during June 2023Mumbai: India's overall gems...
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