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| Rajkot retail business unaffected by recession |
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| While most of the sectors across the country have been affected by recession, retail business in small cities like Rajkot have been relatively immune to it. According to a Big Bazaar official, the city is still witnessing considerable consumer spending in the recent times.
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| Paris-based S T Dupont to retail in India |
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| S T Dupont, a hi-end luxury brand from Paris which specialises in men’s luxury leather goods, cigarette lighters, pens, watches and fragrances, will soon have a retail presence in India.
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| Retailers plan to step up discounts as sales slow |
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| Spencer’s, Vishal Retail, Lifestyle Group’s Max Retail and other Indian retailers admit that sales at stores are slowing even as they were planning to step up discounts to attract customers.
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| Kouton Retail promoters pledge more |
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| Kouton Retail, an apparel retailing chain, said its promoters have pledged additional shares with a local lender to make up for a shortfall in the value of the collateral.
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| Biyani's sales fall for first time in four years |
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| Pantaloon Retail, the country’s largest retailer, has seen its sales dip for the first time in four years, on subdued consumer sentiment and uncertain prospect of an economic revival. Reflecting the trend, the stock of the company fell 5.1 per cent to Rs 189.8, even as the Sensex rose 3.3 per cent.
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| ORMAS close to signing pact with Reliance Retail |
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| Orissa Rural Development and Marketing Society (ORMAS), an apex body under the state government’s panchayati raj department, is close to enter into a tie-up with Reliance Retail for procurement of food products from the Self-Help Groups (SHGs) and the Self-Help Promoting Institutions (SHPIs) in the state.
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| Spencer plans to roll out hypermarket in Nashik |
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| Spencer’s Retail, the major chain of retail outlets owned by the RPG Group, is planning to open a hypermarket in Nashik by the next fiscal year (2009-10).
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| Vishal Retail likely to miss FY09 revenue target on slowing sales |
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| Vishal Retail, a value retailer, said it may miss its Rs 1,800 crore revenue target set for the year ending March 31, as consumers cut down on purchases anticipating job cuts and grim job
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| Future Group to extend its shopping fest by a week |
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| Kishore Biyani’s Future Group has decided to extend its shopping festival by a week even as it is set to achieve its sales target by Sunday afternoon, a top company official said.
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| Retailers approach Kanpur hosiery firms for orders |
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| Leading retailers like Reliance and Pantaloons have lent a ray of hope to more than 50 small and medium hosiery manufacturers spread in the city.
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| Retailers expect to gain from falling rentals |
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| Indian retailers, who ended 2008 on a depressing note, expect to gain from lower rentals, down-trading, focus on special segments and aggressive sales promotions this year.
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| Subhiksha mulls raising debt to keep afloat |
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| Subhiksha Trading Services, a food and grocery chain, said it plans to raise debt to run its existing operations and expand business amid speculation of troubled times.
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| Vishal talks down rentals for 50 stores |
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| Vishal Retail, a New Delhi-based supermarket chain, has successfully negotiated rentals of about a third of its stores across the country even as other retailers are bargaining for lower
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| Retailers optimistic about next year |
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| Indian retailers are an optimistic lot when it comes to deciding on expansion plans for 2009. Retailers such as Spencer's Retail, Future Group, Shoppers Stop, Westside, Wills Lifestyle, Bata India,
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| Retailers cut sourcing by 15% |
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| Indian retailers have cut sourcing of garments by 15 per cent as sales slow, key suppliers said. Overseas retailers have almost halved their sourcing.
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