The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points.
Lifestyle retailer Shoppers Stop plans to up its headcount by nearly 1,000 in the next six months in line with the roll-outs of its new stores in five cities across India.
Vodafone will launch a range of merchandise comprising T-shirts, kidswear, mugs, bed and bath accessories featuring the egg-headed mascots of the company that have gained a lot of popularity.
Black Friday sales in India received a good response as brands dropped their prices making customers queue up outside stores where discounts were steeper. Discounts were offered both online and offline. Most of the international brands in India offered discounts under the Black Friday Sale banner. The Black Friday Sale started in the US on the Friday after Thanksgiving Thursday. The day typically marks the beginning of the Christmas shopping season ahead of the festival.
"They were not profitable. We open new stores without much information and when we close them, we have complete knowledge about them,'' said Shoppers Stop MD B S Nagesh.
Gold sales on Dhanteras are estimated to drop 10 per cent in volume terms year-on-year on sharp 33 per cent annual rise in rates of the yellow metal, according to industry players. Since Dhanteras -- the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils -- is celebrated on two days till 1.11 pm on Wednesday, jewellers are expecting more footfalls in both online and offline stores.
Kerala's financial hub, Kochi is now home to one of India's largest malls.
The Supreme Court on Wednesday approved the Rs 150 crore (Rs 1.5 billion) initial public offer of India's leading retailer Shoppers' Stop by staying an interim order of the Shillong Bench of Gauhati High Court restraining the IPO.
Locals said there was a "chemical-like" smell at the site and thick white smoke everywhere as panic gripped the Paschim Vihar area after the blast happened near a CRPF school.
Retail chain Shoppers' Stop Ltd is planning to open 11 more stores in Bangalore, Mumbai, Delhi, Pune, Noida and Hyderabad in the next 24 months.
Another trend: A preference for coloured diamonds among brides, who are pairing them with their groom's birthstone. So, along with yellow or white diamonds, they are choosing pink, green, blue sapphires, emeralds or red rubies.
The Raheja-owned Shoppers Stop, which was so far an up market department chain, is becoming a full service retailer soon. It is increasing its stake in the promoter group's hypermarket chain Hypercity from 19 per cent to 51 per cent.
Footfalls increase at retail outlets and auto dealers, but conversions fall.
Don't hit the buy button as soon as you hear of the next BIG online sale this Diwali. Here are some very important lessons -- in the light of how some online shoppers felt cheated after Flipkart's 'Billion Day Sale' -- that could save you time, money and peace of mind, says Rajiv Raj!
Robust same store sales, margin growth mark June quarter.
Indian kiranas are agile enough to face the q-com challenge, but it's going to be a tough fight, notes Ambi Parameswaran.
A phishing scam targetting those buying via eBay was discovered recently.
Eid shoppers thronged markets across Kashmir Valley on the eve of Eid-ul-Azha, which will be celebrated on Saturday. Mukhtar Ahmed reports.
52 per cent of shoppers surveyed said they prefer to shop online.
In addition to Tier-1 and Tier-2 cities where the company has a presence, we have also identified 23-24 cities for expansion.
Nagesh says the real estate cost and employee cost are expected to sober down this year, and that would mean a sharp increase in margins.
Like other food and grocery chains, Birla Retail is aggressively pushing its private labels and large packs to woo customers. Besides offering value, private labels push retailers' margins.
While war rooms are set up closer to the sales, warlike preparations go into it almost 12 months in advance to ensure that on D-day the firm gives its best to its customers.
According to the eBay India Census 2008, India's top five e-commerce hubs are Mumbai, Delhi, Hyderabad, Bengaluru and Chennai. "Over 2,427 cities had online transactions in 2007. The IT hubs of Andhra Pradesh, Kerala, Maharashtra, Tamil Nadu and Karnataka were the most wired states of India, with the maximum number of towns where e-commerce originates," says eBay India Director (category management) B Muralikrishnan.
Flipkart's hyper-value e-commerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India. These efforts are being led by Prathyusha Agarwal, who recently joined as business head at Shopsy. The aim is to become the go-to destination for consumers seeking entry-level products across various categories.
Shopper's Stop soared 20% at BSE following reports of a buyout by RIL and A V Birla group.
Retail major Shoppers' Stop, part of the K Raheja Corp, is consolidating its luxury retail business by roping in over 40 global brands and has lined up Rs 500 crore
Chaos erupted around 4 pm (local time) with reports of multiple stabbings within the bustling shopping complex.
As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.
Malls, retail stores are being hit by online sales and are struggling this festive season.
With festive season coming up, most online shopping portals are offering great discounts on almost all products like t shirts, shirts, tops, kurtis, accessories, furniture, gadgets, jewellery, home dcor and more. Out of all the sites that offer huge discounts, only a few are genuine. How do you ensure that you are getting the best deals online? Here are a few tips that will make you a smart online shopper.
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