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Wal-Mart International appoints Doug McMillon as new President, CEO

Supermarket chain Wal-Mart stores has announced the appointment of Doug McMillon as the new President, CEO of Wal-Mart International from February 1. Presently, McMillon is the president and CEO of Sam's Club. McMillon will replace Mike Duke, who was...

Bharti Retail plans expansion, to open 30 stores in NCR

Bharti Retail, a wholly owned subsidiary of Bharti Enterprises, plans to open 30 stores in Delhi and national capital region (NCR) by the end of 2009, reports Mint. The proposed locations include Kirti Nagar in West Delhi and Ghaziabad. However,...

Lotte Mart opens in Vietnam; 30 more by 2024

To tap the Southeast Asian fast-growing retail market, Lotte Group, one of the leading South Korean business conglomerates, is learnt to invest around USD 5 billion to develop 30 supermarkets in Vietnam in the next 15 years. Launching its maiden...

SPAR launches its maiden supermarket in Andhra Pradesh

The global food retail chain SPAR has opened the chains first Andhra Pradesh store ‘SPAR Supermarket’ at Hyderabad. The chain is operational in India in partnership with Max Hypermarket India Pvt Ltd. Spread over 20,000 square feet of retail space,...

Bombay HC sets aside FDA orders against Subhiksha

Retail-company Subhiksha has said that a bench of the Bombay high court set aside all the orders of the Maharashtra Food and Drug Administration (FDA) regarding the company’s warehouse at Bhiwandi and three of its vendors located there. In August...

Co-operative Group to takeover Somerfield

The UK-based Co-operative Group has planned a complete takeover of its rival chain Somerfield. The deal is estimated to be pegged at around £1.6 billion. The Somerfield deal will take Co-op's portfolio to more than 3,100 supermarkets and convenience stores....

Unitech to develop 48 malls and supermarkets

India’s leading construction company, Unitech, plans to develop 48 malls and shopping centers over the next six years involving an investment of about Rs 20,000 crore. The malls which will be constructed in phases would cover more than 20 million...

UP farmers back Reliance stores

Nearly 3,000 farmers joined hands on Sunday in Lucknow in a protest against the Uttar Pradesh government’s decision to close supermarkets. Citing law-and-order problems, the state government had closed 10 new Reliance supermarkets following protests by small traders, who say...

Alok Industries grows its business in North American market

Alok Industries Limited has entered into a multi-year license agreement with New York-headquartered AISLE 5 for its portfolio of lifestyle brands ‘aworld’ and ‘Cotton + Clay'. Under the agreement, Alok Industries will manufacture and distribute bathing, sleeping, dining and home...

Pricing has helped us penetrate various markets – Amit Jatia — McDonald’s India (West & South)

This is the second interview in the series 'Present and Future of Catering Services in India'. Mr. Amit Jatia, McDonald’s India (West & South), talks to Karan Mude, Senior Correspondent | indiaretailing.com Q. Why are so many foreign players interested...
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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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