Mumbai will see a multichannel offer including smaller format stores, and a big format store in Navi Mumbai, it said in a statement.
The marketplaces could see a surge of over 40% in consumer traffic during the festive season.
V-Bazaar aims to add around 60-65 more stores as part of its expansion strategy, taking the total count to over 120 in the next two years.
Co raises earnings outlook, says it has not passed on cost pressure due to tariffs on imports from China
ET had reported in February that Future Group will route its stake sale through Future Coupons so that Amazon can adhere to the foreign ownership rules.
India’s No. 2 retailer by turnover, Future is seeking a valuation of about $281 mn from Amazon for 10% stake.
Mukesh Ambani's New Commerce platform has the potential to tap millions more of Indian consumers.
As much as 90 per cent of India's $700 billion retail market is unorganised, made up mostly of kirana stores.
Ikea had earlier said it invested over Rs 800 crore in the Hyderabad outlet, which includes an in-house 1000-seater restaurant.
Modern trade growth shrunk to about a third, at 8.2%, during the June quarter, compared with 22.2% a year ago, as per the latest Nielsen data shared by industry officials.
With consumer sentiment at a low and sales sluggish, retailers are looking at renegotiating rentals as part of their cost-cutting measures.
The firm with 75 retail units selling electronic gadgets mainly mobilephones, laptops and tablets in Kerala plans to add another 25 stores and expand to other southern Indian states.
Tata Starbucks is a 50:50 joint venture company between Tata Global Beverages and Starbucks Coffee of the US.
Value growth, or revenue earned, fell from 16.5% in July-September 2018 to 10% in the June quarter this year.
Consumer Protection Bill 2019 passed by Parliament gives powers to regulator to initiate actions such as recalls, refunds and returns.
The purported letter, which is believed to be the final note by the late promoter and widely circulated on social media, contained statements alleging harassment on VG Siddhartha by the Income Tax department.
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