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Foreign apparel brands exiting Indian market

When people back home in the UK ask Mark Ashman to spell out the success mantra in India, he says: "Be patient". The CEO of Marks & Spencer Reliance India (MSRI), who has spent two years in India,......

Retail players leverage falling rentals

Organised retailers are leveraging the slowdown in demand for commercial property and falling rentals to expand operations in many cities. With store rentals dropping as much as 35 per cent in the......

Austerity steps to help Future Group save Rs 165cr

Kishore Biyani's Future Group, which runs more than 1,000 stores,plan to cut back on advertisements, recruitment costs and reduce travel expenses to save as much as Rs 165 crore (Rs 1.65 billion)......

Parsvnath unveils retail plans amid slowdown

Delhi-based realtor Parsvnath Developers will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail, Chairman Pradeep Jain said. The company,......

Plunging sales see retailers quit malls

ETAM, the French lingerie brand that has a joint venture with Kishore Biyani's Future Group, recently pulled out of Palm Beach Galleria mall in Navi Mumbai, together with six other retailers such......

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