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Retail-Services-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Thu, 30 Mar 2017 04:52:27 GMT

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'$30 billion of fashion market to be digitally influenced by 2020'

Wed, 29 Mar 2017 19:52:37 GMT

(image) Of the approximately $70 billion Indian fashion market today, about $7-9 billion is already digitally influenced.

Walmart okay with selling only Made-in-India products: India CEO

Wed, 29 Mar 2017 18:13:11 GMT

(image) We are okay with selling only ‘Make in India’ products because even in our cash-andcarry stores, imported items make up for only 5% of our total products, said Krish Iyer.

Future Lifestyle Fashions transfers Lee Cooper business to arm

Wed, 29 Mar 2017 17:49:18 GMT

(image) The company has transferred its Lee Cooper business to Future Speciality Retail Limited, said Future Lifestyle Fashions Ltd.

Despite e-comm rise, offline stores generating 91% sale: Study

Tue, 28 Mar 2017 17:34:23 GMT

(image) "Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still in brick-and-mortar stores," a study said.

Alibaba signs deal with co-working space venture CoWrks for 30 seats

Mon, 27 Mar 2017 18:51:08 GMT

(image) "The company has opted for a dedicated seat and has teams including admin, HR and operations working out of CoWrks,” said a person having direct knowledge of the deal.

Walmart to open half of 50 new stores in Uttar Pradesh, Uttarakhand

Mon, 27 Mar 2017 06:03:03 GMT

(image) Walmart is looking at two more stores in Lucknow in addition to Ghaziabad, Noida, Kanpur, Allahabad, Haridwar, Dehradun and Haldwani.

How neuroscience can help global companies bridge the gap with Indian customers

Fri, 24 Mar 2017 18:33:43 GMT

(image) As of now, the complete neuroscience toolkit includes an EEG to measure electrical brain activity and core biometric indicators such as heart rate and skin response.

Growth with Lloyds can be faster than Havells: Anil Rai Gupta

Fri, 24 Mar 2017 06:07:24 GMT

(image) Havells, a leader in branded electrical cables, switchgears, fans, and home appliances, wants a larger play in the consumer durables segment with the acquisition of Lloyds.

Amazon proposes to invest USD 500 mn in food e-retail: Harsimrat Kaur Badal

Thu, 23 Mar 2017 10:03:28 GMT

(image) "We are excited about the opening of FDI in food retailing. We have submitted an application for approvals," Amazon's Director Public Policy Avinash Ramachandra said.

E-commerce companies at the receiving end, plaints swell to 49,000

Tue, 21 Mar 2017 10:09:01 GMT

(image) For speedy redressal of these complaints, the National Consumer Helpline has partnered with 225 companies under a convergence programme, it said.

In a first, supply for retail space falls in the country

Mon, 20 Mar 2017 20:12:19 GMT

(image) While 13 malls got completed last year, 15 were withdrawn from the operational stock, resulting in a net 0.3 million sq ft negative impact on the supply side.

Online giants plan offline push to sell smartphones

Sun, 19 Mar 2017 19:19:20 GMT

(image) The offline foray will be made by Flipkart India, which runs the wholesale arm. At Amazon, the move is being undertaken by Amazon Wholesale India, executives said.

E-commerce firms to pay up to 1% TCS under GST

Sun, 19 Mar 2017 11:07:50 GMT

(image) The model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce operators.

Future Group to expand affordable fashion retail format

Sat, 18 Mar 2017 17:39:13 GMT

(image) Addressing a press conference on Saturday, Biyani said the retailer plans to sell 23 crore units of garments by next year March and expects it to grow to 80 crore units by 2021.

Government plans more rural women-led Ajeevika Stores

Thu, 16 Mar 2017 18:28:00 GMT

(image) The ministry is also considering partnering big e-tailers including Amazon, Snapdeal and Flipkart to expand Ajeevika stores online.