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Japanese unit of Wal-Mart expects higher net loss in 2006

Wal-Mart’s Japanese unit Seiyu has announced that the losses in 2006 can be higher than what the company earlier expected. The company expects the net losses to be in the region of $ 479.6 million, which is greater than...

Top Brass of the Industry register with indiaretailing.com

Top brass of the India retail industry have registered as members with indiarertailing.com. The portal was launched by Union Minster of Commerce and Industry Mr. Kamal Nath, at Udyog Bhavan on 9th January 2007. The portal is ten days old...

Costco planning to enter India

Seattle based Costco (Costco Wholesale Corporation), which has a membership warehouse club format, based on the Wal-Mart’s Sam’s and Club and Metro’s Cash & Carry, is eyeing to enter the Indian market. The company is valued over $60 million and...

Carrefour Prefers Local Partner To Landmark

After Wal Mart's entry into India, through joint venture with domestic Indian player Bharti, world's second biggest retailer, Carrefour, is also on the lookout for similar tie-ups with local players, to get maximum exposure. Carrefour was earlier in talks with...

Super Christmas for SAMS CLUB Brazil

Sam's Club Brazil, a division of the Wal-Mart Corporation, is expecting to post Christmas sales up by 30 per cent compared to last Christmas trading period. Experts believe that besides its great range of prestige wines, gourmet foods and...

Retailers opt for new marketing strategies

Increasing competition is forcing retail chains in India to strengthen their brands. As a post Bharti-Wal Mart JV impact, all major brands like Pantaloon, Shopper's Stop, Ebony, and Trent, have increased their marketing budgets, and are devising innovative marketing...

Wal-Mart hires and fires new ad agency

After the departure of a top marketing executive that helped Wal-Mart to take up another advertisement agency - Interpublic's DraftFCB, Wal-Mart has dropped this agency. A Wal-Mart spokeswoman said that the decision was taken after the information that was...

Citu in talks with US labour group AFL

Citu, the trade union arm of the CPM, is apparently holding talks with the American Federation of Labour (AFL) to collaborate and tie up with their counterparts. Incidentally, Citu has asked for AFL's cooperation in organizing and implementing a...

Bharti -Wal-Mart JV under PMO scrutiny

The Prime Minister's Office (PMO) will now look into the Bharti-Wal-Mart deal, as a response to the concerns raised by the Left parties, soon after the deal was announced. The Commerce Ministry will prepare a detailed note, followed by...
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