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National News |
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 Revenue-sharing model is the new rule
Organized retailers, faced with lower-than-expected footfalls in many malls, are looking to bring at least 20 % of their total stores under the ‘revenue-sharing’ model with mall owners or real estate developers in two years' time. This model, under which retailers share a percentage of their sales with real estate ... read more
17-11-2008 09:56:17 AM |
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 Revenue dept. permission required for duty free shops
17-11-2008 09:38:11 AMA separate clearance will now be required from the finance ministry’s revenue department, according to an official clarification. |
 Mall of India put on hold?
17-11-2008 09:15:10 AMDLF officials deny any delay in completion, the lack of on-ground activity is casting doubts on the launch plans. |
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 Trent to sell properties for funding expansion
17-11-2008 08:03:01 AMTrent is considering sale and leasing back of some of its prime properties to raise cash for expansion. |
 Spencer’s closes 56 stores
15-11-2008 09:14:05 AMSpencer’s Retail has closed 56 non performing stores in the last 3 months and has lowered its revenue target for this financial year to Rs 1,500 crore. |
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 Change of management at Indiabulls Retail
13-11-2008 08:11:08 AMUdesh Jha, who was earlier chief operating officer of the company, has now taken over as the fulltime director in charge of the company. |
 Indiabulls Retail business struggling
13-11-2008 08:05:17 AMThe Company’s accumulated losses are more than thrice its equity capital. |
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 Reliance supply chain to work for rival firms?
12-11-2008 09:25:20 AMReliance Retail’s back-end sourcing capabilities may now be deployed as a buying firm for other retailers on the lines of international entities like Li & Fung. |
 Devyani Intl to shut loss-making stores
12-11-2008 09:05:20 AMThe Company has also decided to halt expansion till realty price correct further. |
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 Croma to launch PVT label
12-11-2008 08:39:18 AMThe product line will cover a wide range from televisions to electronic massagers. |
 Springfield promotes music to reach the youth
12-11-2008 08:35:19 AMIn the long term all Springfield activities will be layered with music. |
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 Nirula’s plan to launch overseas
12-11-2008 08:32:15 AMNirula’s will target overseas markets, including the UK and Gulf region as part of its expansion plans. |
 Reliance Retail canceling unprofitable leases
11-11-2008 08:41:11 AMThey are canceling realty agreements now considered expensive and not in sync with current times. |
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