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IRF 2016: Walmart India evaluating 'food-only' retail model

Walmart India is evaluating policy guidelines to come up with a "food-only" retail model, after the Government has allowed 100 per cent foreign direct investment in food retail, a top company official said. "We are currently evaluating all the policy...

IRF 2016 Curtain Raiser: Prepping for the future

On September 21st and 22nd, retail and allied businesses from India and overseas will gather at India’s largest retail intelligence business event, India Retail Forum (IRF) 2016. Chaired by Walmart India President & CEO Krish Iyer, the 13th edition of the...

6 rebranding hits and misses of iconic global retailers

Recently online marketplace Snapdeal unveiled its new logo and tagline, Unbox Zindagi (or Unbox Life), with an aim to position itself differently in the hyper-competitive e-commerce business. The new branding is well-supported by a campaign that will appear in the form...

Massive fire breaks out at Walmart's Best Price store in Vijaywada

A massive fire broke out in Walmart's wholesale store, Best Price, near Vijaywada early on Saturday, police said. State Fire authorities quickly reached the store and brought the situation under control. No lives were lost in the incident. "A fire broke at our...

Walmart to cut 7,000 back-office jobs in US stores

The largest US supermarket chain, Walmart Stores Inc, is planning to cut down 7,000 back-office jobs in its US stores to improve in-store customer service. The retailer is eliminating positions that manage an individual store's daily cash flow or process...

Krish Iyer lauds Govt focus on ease of doing business in India

Walmart India President and CEO Krish Iyer lauded the Governement's focus on ease of doing business in India, but added that there was still need to further simplify laws at state level for the same. Discussing the 'Shaping Consumer Trends'...

Top 8 most valuable retail brands of the world

There are many things that make a brand valuable to consumers in this day and age. Apart from significant revenue generation, price, reputation, availability, core company values and engaging brand marketing can make all the difference in propelling a brand...

Welspun's scrip declines by over 47 per cent; Rs 4,867 crore investor wealth lost

Welspun India's scrip witnessed severe drubbing for the fourth day in a row, falling over 8 per cent on Thursday amid a host of negative news following US-based Target Corp's decision to terminate its contract with the company for...

IKEA to stay with Welspun for now, but Target shadow looms large

Walmart is reviewing cotton certification records of Welspun India while IKEA will continue business ties as usual with the textiles supplier till the outcome of an ongoing probe by the Gujarat-based firm over lapses in its supplies to US-based...

Retail Mantra: Look to customers, not investors

It is quite likely that most e-commerce start-ups being hatched in coffee shops of Bangalore – which are based on general merchandise retail – are already doomed. They need to search out new areas to service new customer needs...
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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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