Archive for February, 2007
Wal-Mart CEO checks out the local competition, faces protests
0 Comments Published by Clarissa February 27th, 2007 in RetailWal-Mart’s CEO Michael Duke, who is visiting India, went to several local stores and malls in Mumbai with a team of executives. The team visited Inorbit Mall, Big Bazaar, Spencers, Crossword and HyperCity, in an effort to understand how the Indian market functions in its varied complexities and nuances. He told reporters that he had […]
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| Organized retail chains likely to drive PC growth
0 Comments Published by Clarissa February 27th, 2007 in RetailPersonal computers are likely to see a significant growth due to the number of organized electronic stores opening up. PC vendors have been tying up with retail chains such as Big Bazaar, eZone, HyperCity and Croma to sell their products. According to Shuchi Sarkar, head marketing, Personal Systems Group, HP India, “The large format retail […]
| | | | | | | | | | | | | Going the Distance for Health Savings
0 Comments Published by Rachel February 27th, 2007 in Medical TourismCarl Garrett had packed his new suitcase and was ready to go to the hospital. But the night before he was to leave—to fly to India for two surgical procedures—his trip was canceled.
Garrett, a machine shop technician at Blue Ridge Paper Products in Canton, N.C., was prepared last year to take part in the small […]
| | | | | | | | | | | | | Manitobans will have the chance to jump the wait list and pay for their own surgeries in India and Cuba thanks to a new medical tourist program starting this spring.
Choice Medical Services is set to launch in less than three months, and is intended to be a middle-class alternative to pricey procedures at the U.S. […]
| | | | | | | | | | | | | Subhiksha facing stock shortfall due to rapid expansion
0 Comments Published by Clarissa February 27th, 2007 in RetailSubhiksha Trading Services is facing a severe shortfall of stocks in its stores due to rapid expansion plans. The company has set up around 80 stores in and around Mumbai in the past three months and is not able to keep up with keeping the stores fully stocked, in key categories such as soaps, detergents […]
| | | | | | | | | | | | | Damas Jewelry a UAE company plans that has more than 285 stores in 16 countries, said it would be focusing on India in an aggressive manner and would open 100 stores by the end of next year. The company will open 21 of these stores by the end of this financial year. The total cost […]
| | | | | | | | | | | | | Subhiksha makes plans to go to Nagpur
0 Comments Published by Clarissa February 27th, 2007 in RetailFood and grocery retailer, Subhiksha is reportedly making plans to open around 24 outlets in Nagpur. Eleven stores are expected to open by end of March, according to several owners of commercial properties in the city. Nagpur has been attracting a lot of big name retail chains lately and Subhiksha will be the fourth such […]
| | | | | | | | | | | | | Nike targeting sales of $1 billion for next five years
0 Comments Published by Clarissa February 27th, 2007 in RetailNike announced it was targeting sales of $1 billion in the country in the next five years. At an investor meet, Nike executives said that although sales had grown by 40% in 2006 in India, the brand was still trailing behind Reebok and Adidas in the country. The bulk of the growth was related to […]
| | | | | | | | | | | | | Max Retail readies for major expansion to tier III cities
0 Comments Published by Clarissa February 27th, 2007 in RetailThe Landmark Group’s Indian division, Lifestyle International announced that it will be making major expansion moves for its value retail chain, Max and will be targeting tier III cities. The Landmark Group runs the Lifestyle retail chain, an exclusive department store format chain; Max, a hypermarket value retail chain; and also has several international brands […]
| | | | | | | | | | | | | The Alpha and Future Group tie up for setting up duty free shops at airports has run into trouble with the Foreign Investment Promotion Board (FIPB). The problem is in the form of a letter from former Union minister Jagdish Tytler on Alpha’s dealings with the Cochin International Airport (CIAL) for its duty free trade. […]
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