Europe's fourth-biggest retailer, Metro AG, said it wants India to become one of its "focus expansion countries", alongside Russia, China and Turkey. "We have seen continuous like-for-like growth recently in India. Now we decide to inject extra momentum into our expansion course there," Metro CEO Olaf Koch confirmed. The company...
Lush to enter India with Delhi Store
The beauty brand Lush, which runs 900 stores globally, wants to open a store in Delhi by the end of 2014. “Our investment will initially be limited to setting up and running a single shop in Delhi…. If the market responds well, we plan to develop this into a much larger...
Revlon Expands Retail Reach
Revlon’s joint venture partner in India will make the brand available in 100 new retail locations soon. "India has always been a priority market for Revlon with its ever-growing appetite for retail spending. These are exciting times for the company here as we are broadening our target horizon and plan...
Amazon Pilots In-Store Delivery in Mumbai and Delhi
Amazon India has launched a pilot program to test in-store pick up service in India's two largest cities. In Mumbai and Delhi, the company has partnered with state-owned oil marketing firm Bharat Petroleum. BPCL operates a retail chain known as In&Out at some of its gasoline stations across the country....
India business favors political change
India’s Sensex stock market index (comprised of 30 market weighted shares trade on the Bombay Stock Exchange surged 487 points to 21,483 on the day after results from four key state elections poured in last week. The UPA coalition, led by Prime Minister Dr. Manmohan Singh at the federal level...
Suitmaker Canali Puts India in Top 10 now
The CEO of high-end Italian suitmaker Canali says that India is among its top ten markets globally. So far in 2013, the luxury clothing maker has seen 14% growth in sales over last year. The company is e opening a store in Kolkata and "As soon as some new locations...