Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have other ideas, the Swedish furniture giant thinks it still has a bright future. ...
10:51 AM, Mar 07, 2013
The US Patent and Trademark Office granted Apple's request for trademarks on the minimalist design and layout of its retail outlets. ...
06:42 AM, Jan 30, 2013
Barnes & Noble Inc expects to shut down as many as a third of its retail stores over the next decade, Mitchell Klipper, chief executive of the company's retail group, told the Wall Street Journal in an interview. ...
04:45 PM, Jan 28, 2013
The Foreign Investment Promotion Board (FIPB) has given approval to Rs 10,000 crore investment proposal of Swedish furniture major, IKEA. The company will now be able to sell all its products and set up cafeterias at its retail stores. ...
08:45 PM, Jan 21, 2013
New Delhi: Delhi may soon become the first city in the country to have global retail chains like Walmart and Tesco, with Delhi government all set bring a bill in the Winter session of assembly beginning Tuesday to remove hurdles in ensuring "effective" implementation of FDI in multi-brand retail. The city government will bring an amendment to the Agricultural Produce Marketing Committee (APMC) Act for facilitating direct purchase of produce...
02:21 AM, Dec 10, 2012
New Delhi: Luxury mobile phone maker Vertu today opened its first boutique store in India, here, with plans to expand to other cities like Mumbai, Hyderabad and Bangalore. "There is a huge growth opportunity here. People in India today are well travelled, they appreciate luxury products ...We want to tap that potential," Vertu President Perry Oosting told PTI. Though he did not comment on the investments made, Oosting said the...
11:11 AM, Nov 01, 2012
Beijing: Apple's largest store in Asia opened in Beijing on Saturday. The store, located in the city's commercial street of Wangfujing, is Apple's third in Beijing, reported Xinhua. John Browett, Apple's senior vice president of retail, had previously said that the new store is the company's largest store in Asia, with an area of 2,300 square meters and more than 300 employees. A full range of accessories for Apple products...
02:16 PM, Oct 20, 2012
Ludhiana: The shop owners in Ludhiana in Punjab are confident that Foreign Direct Investment (FDI) in multi-brand retail will not affect them. CNN-IBN travelled to Punjab's boom town Ludhiana to see if retailers and consumers there are wary of FDI or are ready to embrace it. Ludhiana is no stranger to organised retail, mega malls and modern merchandising. Multi-brand retailers EasyDay and more have an established presence in the city....
09:31 AM, Oct 03, 2012
New Delhi/Mumbai: Foreign Direct Investment (FDI) in multi-brand retail has been the most contentious of UPA-II's big ticket reforms. CNN-IBN travels to suburban Mumbai and outer Delhi and meet the traditional kirane wala who has competed for years with Indian owned multi-brand retailers. Some kirana store owners say they won't be affected by FDI in retail. From a tiny garage store 20 years ago, Ravi Singhal now owns Home Buddy,...
09:12 AM, Oct 02, 2012
In an exclusive interview to CNBC-TV18's Executive Editor Shereen Bhan, Walmart Asia CEO Scott Price said that the company will rework its joint venture with Bharti soon. ...
03:32 PM, Sep 25, 2012
New York: It was possible to walk into a store Saturday and buy an iPhone 5. But it took some hunting. Some stores reported having Apple's newest phone available for walk-up customers, though not all versions of it. A random check of about a dozen stores indicated that most were sold out. A Verizon store in New York City said the 32 and 64 gigabyte models, but not the 16...
10:50 AM, Sep 23, 2012
New York: Walmart Stores Inc has said it is capable of opening stores within 12 to 18 months in India, a media report says. "The company is capable of opening stores within 12 to 18 months and would be seeking permission to do so from states that have already indicated their willingness to have the US retailer set up shop" Walmart Stores President and CEO for Asia Scott Price said...
02:23 PM, Sep 21, 2012
Mumbai: For five years, Raj Jain fought to bring Wal-Mart to India. After finally getting his wish on Friday, now comes the hard part for Jain, country head for the world's biggest retailer, which must negotiate a thicket of restrictions to set up shop in the world's second most-populous country. Turning a profit in India for global supermarkets is widely expected to prove even tougher than in China, where Wal-Mart...
12:06 PM, Sep 19, 2012
Bangalore: A cash and carry joint venture between Wal-Mart Stores and Bharti Enterprises plans to add three-five stores by end of the year, a spokeswoman for the world's largest retailer said on Tuesday. US group Walmart operates 17 cash and carry, or wholesale stores, in India in partnership with Bharti Enterprises, which owns India's top mobile telecoms operator Bharti Airtel Ltd. Foreign ownership regulations in India do not allow global...
01:20 AM, Sep 12, 2012
Shanghai: Apple Inc has more retail stores in Pennsylvania than in all of China - where it earns a fifth of its revenue - and a slow pace of expansion may cost the firm more than just sales. Apple's six stores in Greater China are routinely packed, and customers often wait in long lines for iPhone repairs. Scalpers are known to camp out to be first in line for new...
05:03 AM, Jul 08, 2012
New Delhi: Canadian smartphone maker Research in Motion (RIM) will launch around 15 BlackBerry premium stores across the country by the end of this year to expand its business in India. The firm launched a store in Gurgaon Friday. It had opened one in Delhi last month. "We will be launching almost 10 to 15 BlackBerry premium stores by the end of the year covering all the top metros including...
11:08 AM, May 12, 2012
Mumbai: Tata Group chairman Ratan Tata along with his designate successor Cyrus Mistry launched an e-commerce portal for the group's retail arm Infiniti Retail which runs the consumer durables and electronics chain stores under the Croma brand. The move comes amidst the fast-growing e-commerce space attracting funds from private equity and venture capital investors. "With the higher penetration of Internet connectivity, online sales are catching up in a big way....
11:33 AM, Apr 24, 2012
Mumbai: If you were of the thinking that incidents of hacking were predominant abroad, then you're sorely mistaken; read on. Reportedly, the latest victim, in a long series of hacks is the high-profile website of the Indian Microsoft Store. The store suffered a hack, carried out by a team of hackers called 'Evil Shadow Team'. WPSauce first reported about the incident, and according to a statement in the report, "It...
11:27 AM, Feb 13, 2012
San Francisco: Over 100 million apps have been downloaded from Apple's Mac App Store since its launch in January, Xinhua reported. "With more than 100 million downloads in less than a year, the Mac App Store is the largest and fastest growing PC software store in the world," Apple said in a statement Monday, adding that "Mac App Store is changing the traditional PC software industry." Apple launched the Mac...
11:39 AM, Dec 13, 2011
