Saturday, September 25, 2010

Key Trends In Retail Management

Carrefour, the second-largest retail chain in the world after Walmart, plans to open its first wholesale cash-and-carry store in the country at Seelampur in Delhi in the next two to three months.
Aditya Birla Retail will invest up to US$ 44.3 million in 2010-11 to expand its 'More' brand. The group will open 100 new supermarkets of 'More', and 8-10 new hypermarkets under the 'More Megastore' brand
Wal-Mart Stores Inc, the world's biggest retailer, will accelerate its roll-out of wholesale stores in India. Raj Jain, chief of Indian operations for Arkansas-based Wal-Mart, said the firm now expects to open 10-12 wholesale centres in India over two-to-three years, from an earlier target of five years, as real estate prices have become more attractive.
K Raheja Group promoted Shopper's Stop has lined-up a capital expenditure of nearly US$ 27.6 million to open about 12 stores in 2010-11. The new stores will come up in Bangalore, Delhi, Pune, Bhopal, Aurangabad, Vijaywada and Durgapur.
British retail giant Tesco, expects to open its first cash-and-carry store in India by the end of 2010.
Diamond retail chain ORRA Diamonds plans capital expenditure of US$ 16.9 million for opening 16 new stores over the next three years.
Café Coffee Day (CCD), part of India’s largest integrated coffee conglomerate, Amalgamated Bean Coffee Trading Company Ltd, has announced the acquisition of a Czech Republic café chain – Café Emporio. The deal is valued at Rs 15 crore.

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