Retail News Round Up_Feb 01,2016

Retail News  :

  • Flipkart invests Rs 666 crore to push logistics cart in next growth drive
  • Even as losses pile up at home, Myntra plans entry into US
  • KFC fined Rs 5 lakh for sub-standard food items
  • B-schools see strong placements; 12% rise in average offer size
  • Walmart, Target, and Aldi are addressing a huge weakness – and it’s turning into Whole Foods’ worst nightmare
  • Myntra is working on optimizing cost
  • Chinese retailing giant JD.com tests drone in rural areas
  • The Beer Cafe is looking to raise nearly $40 mn from PE funds
  • With muted biscuit growth, Parle targets bigger bite in snacks
  • Healthy’ corn moves beyond snack to full meals
  • Blue Star enters air cooler segment, eyes Rs 150 crore sales
  • Wonderchef targets USD 20 million sales; to make in India in 3 years
  • FDA holds campaign against tobacco

 

“None can destroy iron, but its own rust can! Likewise none can destroy a person, but its own mindset can!”

-Ratan Tata
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Retail News Round Up_Dec 29,2015

Retail News :

  • Snapdeal to invest in logistics to speed up delivery
  • Flipkart unveils global brand licensing for Indian sellers
  • New lingerie entrant Hunkemller to have four stores in Indian by end-March
  • Voylla in talks with Aditya Birla Group, Reliance Retail to sell its fashion jewellery

  • Bengaluru-based grocer Town Essentials raises $1 million in fresh round of funding
  • PVR launches 9-screen multiplex, largest Gold Class and IMAX
  • Bengaluru central prison inmates to open a bakery outlet at Infosys campus
  • Amway sets up Rs 550-crore manufacturing plant in Tamil Nadu
  • Wonderchef plans to go overseas by the end of this decade
  • Flipkart Starts Selling Bikes & Cars Now. Pilot Project Live At Bengaluru
  • For The First Time IRCTC Train Tickets To Be Sold Via ICICI Bank Website; Mobile App

 

“Basically we get confused a bit about what retail is. It is really just buying things, putting them on a floor and selling them”

– Gerry Harvey 

 

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