Category : Retail

News Retail

Flipkart to buy 8 percent stake in Aditya Birla’s fashion unit for $204 million

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Walmart Inc’s Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million),the fashion retail company. “
News Retail

VENU NAIR JOINS AS THE MD AND CEO OF SHOPPERS STOP

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Department store chain Shoppers Stop Ltd., announced the appointment of Trent’s Venu Nair as its Managing Director and Chief Executive Officer effective 6 November, 2020.
News Retail

H&M TO EXPAND STORE IN LUCKNOW

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The Swedish company considers India as an important market and look forward to increase its presence through both, online and brick-and-mortar approach. The group is
News Retail

H&M TO INVEST IN ONLINE RETAIL THAN PHYSICAL

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Hennes & Mauritz will exit the coronavirus crisis in better shape, according to its new chief executive,as she announced plans to close a record number
Global News Retail

The US Fashion Retail Bankruptcies

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Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,
Global News Retail

Neiman Marcus’ Restructuring Plan Gets Approval

Neiman Marcus has received court approval  for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,
News Retail

Holiday Sales Likely to See 1% to 5% increase: Deloitte

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It is expected that holiday sales are likely to increase between 1 and 5%, and Deloitte’s overall sales forecast between 1,147 and 1,152 billion dollars