Content about India

July 7, 2014

n partnership with its largest rug supplier, Raj Overseas, West Elm has established a fair trade certified factory for handcrafted rugs in India.

Brooklyn, N.Y. - In partnership with its largest rug supplier, Raj Overseas, West Elm has established a fair trade certified factory for handcrafted rugs in India. Fair trade certification ensures that the rugs are made in safe working conditions and that workers are justly compensated, delivering a premium back to the worker to invest in causes of their choice.

June 16, 2014

Wal-Mart Stores In. has reportedly opened an e-commerce site to serve the small retailers that shop at its members-only cash-and-carry stores in India.

New Delhi, India – Wal-Mart Stores In. has reportedly opened an e-commerce site to serve the small retailers that shop at its members-only cash-and-carry stores in India. According to Bloomberg, Wal-Mart is piloting the site for small retailers located in the cities of Hyderabad and Lucknow, with full rollout across India planned in January 2015.

April 8, 2014

Wal-Mart Stores Inc. reportedly plans to open an additional 40 to 50 wholesale cash-and-carry stores in India during the next four years and also launch an Indian e-commerce operation.

Bentonville, Ark. – Wal-Mart Stores Inc. reportedly plans to open an additional 40 to 50 wholesale cash-and-carry stores in India during the next four years and also launch an Indian e-commerce operation. According to the Wall Street Journal, Wal-Mart will begin e-commerce sales in India during summer 2014 with one wholesale store offering goods online and delivering them for pickup at other local retailers up to about 25 miles away.

February 27, 2014

Narendra Modi, candidate of opposition party Bharatiya Janata Party (BJP) for Indian prime minister, reportedly has made statements in favor of global online retailing and India’s small retailers learning to compete with large retailers.

New Delhi, India – Narendra Modi, candidate of opposition party Bharatiya Janata Party (BJP) for Indian prime minister, reportedly has made statements in favor of global online retailing and India’s small retailers learning to compete with large retailers. According to Reuters, at a meeting of the Confederation of All India Traders, Modi said small local retailers should improve the quality of their goods to a level closer to that of large global competitors, and also consider entering contracts with large online retailers to create virtual trade.

February 13, 2014

Wal-Mart is reportedly halting its Indian expansion plans, at least for now. According to the Financial Times, Wal-Mart has not opened any new cash-and-carry stores in India since October 2013 or any new convenience stores there since November 2013.

Bentonville, Ark. — Wal-Mart is reportedly halting its Indian expansion plans, at least for now. According to the Financial Times, Wal-Mart has not opened any new cash-and-carry stores in India since October 2013 or any new convenience stores there since November 2013.

January 20, 2014

Wal-Mart Stores has reportedly registered a new company called “Wal-Mart India Private Ltd.” in India, setting the stage for entering the Indian grocery market with a new local partner.

Bentonville, Ark. – Wal-Mart Stores has reportedly registered a new company called “Wal-Mart India Private Ltd.” in India, setting the stage for entering the Indian grocery market with a new local partner. According to the Free Press Journal, an Indian publication, Wal-Mart registered the company on Jan. 15, 2014 with the Indian Ministry of Corporate Affairs.

October 10, 2013

Wal-Mart Stores has put its ambitious expansion plans in India on hold indefinitely.

New York -- Wal-Mart Stores has put its ambitious expansion plans in India on hold indefinitely. The discounter and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

October 3, 2013

Wal-Mart Stores, Inc. will reportedly decide how it will proceed with retail plans in India this month.

Bentonville, Ark. – Wal-Mart Stores, Inc. will reportedly decide how it will proceed with retail plans in India this month. According to Reuters, Wal-Mart’s Indian partner Bharti Enterprises will decide if it wants to continue working with Wal-Mart based on those plans.

June 26, 2013

Raj Jain, who has overseen Wal-Mart’s India unit since 2007, has left his position.

Bentonville, Ark. – Raj Jain, who has overseen Wal-Mart’s India unit since 2007, has left his position. Neither Wal-Mart nor Jain has made any public statement on his departure. Wal-Mart has named Ramnik Narsey as interim head of its Indian operations. Narsey, former chairman and CEO of Woolworth’s India, joined Wal-Mart in May.

"We remain optimistic about our business in India and look forward to our future in India under Ramnik's leadership," Scott Price, president and CEO for Wal-Mart Asia, said in an official statement.

June 5, 2013

Amazon has launched an online shopping site in India, but, in line with the nation’s rules, it will only be able to service other retailers.

New York -- Amazon has launched an online shopping site in India, but, in line with the nation’s rules, it will only be able to service other retailers.

The e-commerce giant has gone live with an e-commerce marketplace where local retailers can list books and DVDs under Amazon’s banner and use its delivery services to get them to buyers, according to The Financial Times. Amazon will start selling mobile phones and cameras within weeks.

May 3, 2013

The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture.

New York -- The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture.
    

February 6, 2013

Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and India’s Tata Global Beverages Limited, opened Starbucks’ first location in New Delhi.

New York -- Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and India’s Tata Global Beverages Limited, opened Starbucks’ first location in New Delhi. The store is designed to celebrate the heritage and history of the city.

February 1, 2013

The Hab brings new energy and excitement to one of retailing’s most staid categories: sewing machines and related accessories.

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing. The colorful store offers a fresh and youthful take on one of retailing’s more staid, and slightly old-fashioned, categories, and more than lives up to its motto: “A hipper side of sewing.”

January 31, 2013

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing.

The art of sewing comes alive at The Hab, a one-stop shopping destination in Mumbai, India, for all things sewing. The colorful store offers a fresh and youthful take on one of retailing’s more staid, and slightly old-fashioned, categories, and more than lives up to its motto: “A hipper side of sewing.”

January 21, 2013

A report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

November 16, 2012

Wal-Mart Stores reported in a regulatory filing that its investigation into violations of the Foreign Corrupt Practices Act, a federal antibribery law, has extended beyond Mexico to China, India and Brazil.

New York -- Wal-Mart Stores reported in a regulatory filing that its investigation into violations of the Foreign Corrupt Practices Act, a federal antibribery law, has extended beyond Mexico to China, India and Brazil.  

October 24, 2012

By Alex Evans and Andrew Rees, L.E.K. Consulting

By Alex Evans and Andrew Rees, consumerproducts@lek.com

October 19, 2012

Starbucks Coffee Co. entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai.

Mumbai -- Starbucks Coffee Co. on Friday entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai. The store is owned and operated by Tata Starbucks Limited, the 50/50 joint venture between Starbucks and Tata Global Beverages Limited. The company plans to open two additional stores in Mumbai next week before launching in New Delhi in early 2013.

September 21, 2012

A report by the Wall Street Journal disclosed that Wal-Mart Stores Inc. expects to open its first retail stores in India within the next 12 to 18 months.

New Delhi, India -- A Friday report by the Wall Street Journal disclosed that Wal-Mart Stores Inc. expects to open its first retail stores in India within the next 12 to 18 months.

In an interview with WSJ, Scott Price, Asia president and CEO of Wal-Mart, said that the retailer has not pinpointed where the first stores will be located or ultimately how many there will be. But the latest decision handed down by the Indian government allowing megastore retailers to enter the country via joint ventures paved the way for the impending openings.

September 14, 2012

India’s government said that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

New Delhi, India -- India’s government said Thursday that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.

September 11, 2012

A report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

Bangladesh, India -- A Tuesday report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

The partnership currently operates 17 wholesale stores in India. 

Foreign ownership regulations in India do not allow global hypermarket and supermarket chains to open retail stores in the country, but they are allowed to operate wholesale operations.

August 13, 2012

A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

Dubai, India -- A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

Max operates 13 hypermarkets in India, which will be rebranded as Auchan stores in early 2013.

The pair said they plan to open 12-15 new stores annually across India. Because Max Hypermarket India Ltd is controlled by retail and hospitality company Landmark Group, which operates hypermarkets under the Max brand only in India and therefore is not restricted under foreign ownership regulations.

June 21, 2012

Economic uncertainty throughout Europe and the United States and political instability in the Middle East are putting an increased spotlight on developing markets, which are forging full-speed ahead and show no signs of slowing down, according to the 11th annual Global Retail Development Index by consulting firm A.T. Kearney.

June 15, 2012

A report issued by C.B. Richard Ellis said that global shopping center development has reached unprecedented levels of construction and new openings, fueled by growing middle classes and retailer expansion.

London -- A report issued by C.B. Richard Ellis on Friday said that global shopping center development has reached unprecedented levels of construction and new openings, fueled by growing middle classes and retailer expansion.

According to the most recent research by CBRE, which measured shopping center development activity in 180 of the world’s major cities – including 2011 completions and space currently under construction – 318.6 million sq. ft. is currently under construction and about 84 million sq. ft. opened in 2011.

June 12, 2012

A report released by A.T. Kearney showed that Brazil once again first among developing countries for global retail expansion.

New York -- A report released Monday by A.T. Kearney showed that Brazil once again first among developing countries for global retail expansion.

A.T. Kearney’s Global Consumer Institute’s 2012 Global Retail Development Index ranks the top 30 developing countries for global retail expansion.