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Purchasing power redefines consumption patterns

The increasing purchasing power and exposure to organised retail formats has redefined the consumption patterns for dwelling units, which has resulted in mushrooming of retail projects in smaller towns and cities. The retail market is likely to grow at around...

Textiles mills going into losses according to study

High interest rate, wage cost and rising value of rupee against dollar has sent small textile companies into losses with big brands striving to save their declining bottom-lines, says a study. The net profit of the top ten textile companies...

Regulatory authority for real estate

In a move to check malpractices in real estate in Delhi and the National Capital Region (NCR), the union ministry of urban development has decided to set up a regulatory authority by early next year to curb these activities,...

Govt should encourage fashion industry — ASSOCHAM

As the fashion industry is growing rapidly, there is need for government to encourage it by opening more fashion institutes having research and development facilities, with fashion houses and retail enterprises providing the organisational structure and leadership, says a...

Speed up textile sector reforms

Domestic textile industry could attract $55 billion investments and create job opportunities for a 65.4-million workforce by 2010, provided reforms are initiated at quicker speed, says a study. With continuing bottlenecks in place, the projected investment for 2010 could fall...

Protests not to deter retail says Mittal

The ongoing protests and prevailing political uncertainty would not impact on the retail sector, said leading industrialist Sunil Bharti Mittal who is set to launch a joint venture with American giant Wal-Mart. “This is a democracy and all these protests...

Retail attracting youth, says study

The retail sector is now becoming a much sought after employment prospect for urban youth replacing careers in Business Process Outsourcing (BPO) and Call Centres which has led institutes to introduce specialized courses, says a study. With the retail sector...

ASSOCHAM asks UP chief minister to order reopening of Reliance Retail

With reports of Reliance Retail planning to wind up operations in Uttar Pradesh, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) Wednesday asked state Chief Minister Mayawati to revoke order closing the retail stores in Ghaziabad and...

Counter protests and take on board middlemen and brokers — Sahay tells retailers

There was good news for retailers as Minister for Food Processing, Subodh Kant Sahay, Friday came out strongly in their support suggesting that they take on board middlemen and brokers as part of their retail supply chain management to...

Industry condemns closure of retail stores in UP

Industry has condemned the decision of the UP government for closure of retail stores of various corporates in the state. Speaking to Indiaretailing, a spokesperson for industry chamber ASSOCHAM said, "The decision of the state government will send out adverse...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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