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Marico extends its food portfolio with the launch of ‘Coco Soul’ range

Marico Limited, one of India’s leading FMCG majors has launched a range of vegan gourmet products under the brand name ‘Coco Soul’. The range includes 100 percent organic virgin coconut oil, 100 percent natural virgin coconut oil and 100...

A new world of shopping: 100 mn people to make purchases using AR, VR by next year

By 2020, 100 million people would shop in-store and online using Augmented Reality (AR), enabling people to visualise products in different settings, market research firm Gartner said on Monday. Once technologies like AR and Virtual Reality (VR) get powered by...

Tesco to build simpler, more sustainable business; axe 9,000 jobs

Tesco has recently announced that the brand is making some strategic changes to further simplify the business and this might affect jobs of 9,000 employees. "Since we launched our turnaround four years ago, we have built a stronger business focused...

Govt should consider 100 pc FDI in multi-brand retail trade: CII

The Government should consider permitting 100 percent foreign direct investment (FDI) in multi-brand retail trade and further improve ease of doing business for the sector to promote growth in the segment, industry body CII said in a report Tuesday. These...

43.3 pc of consumers spent on summer products this year due to heatwave, says GlobalData

The prolonged heatwave in the UK and major sporting events boosted spending on summer items such as outdoor and gardening products, BBQ food and holiday clothing, with consumers judging Tesco to be the retailer that had promoted its summer...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Tesco to refocus its non-food business by closing Tesco Direct

Tesco has conducted a detailed review of Tesco Direct, its non-food website, and has concluded that, despite its best efforts, there is no route to profitability for this small, loss-making part of the business. Tesco Direct has faced a number...

Tata Group plans aggressive expansion of Westside stores

Upbeat on the economic prospects of the country over the next 3-5 years, Tata group company Trent Ltd has undertaken aggressive expansion plans for its retail chain Westside, a top company official said today. According to a PTI report: The...

Tesco to cut another 1,200 jobs to adjust increasing cost pressure

Tesco is cutting 1,200 jobs at its head office and support centres as part of a major cost-cutting drive as the UK grocery leader adjusts to increasing cost pressures. Tesco said in a statement that the head-office cuts are “a...

Trent Hypermarket debuts at Hyderabad

Trent Hypermarket Pvt. Ltd., a joint venture between TATA and TESCO has launched its first hypermarket store at Gachibowli, Hyderabad. Star Hyper, a modern retail outlet spread over 22,000 square ft., offers customers a wide range of fresh fruit and...
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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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