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Kmart, Sears in $11 billion merger

US retail major Kmart Holding Corp and America's largest departmental-store chain Sears, Roebuck & Co, on Wednesday, agreed to merge in an $11 billion cash-and-stock deal.The merger will combine......

$25-billion exports to retail chains likely

The government is hard-selling India as a sourcing base to large retail chains like Wal-Mart, Tesco of the UK, Kmart, Target Corporation and some sports goods retailers, to increase the country's......

Indian fashion chains bet big amid online retail growth

Shoppers Stop is looking to open four new stores this year and plans to invest Rs 120 crore. Indian fashion chains are betting big on the consumption story even as American chains shut stores,......

FDI in multi-brand retail on the back burner again

The much-awaited multi-brand retail policy allowing foreign direct investment (FDI) in the sector has been put on the back burner. Officials close to the developments say the government is likely......

No retail major in rush for India foray

Early responses from top international chains are lukewarm or guarded to the likely opening of the multi-brand retail segment in India.Even as the Cabinet may soon take up the proposal of allowing......
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