Koutons Retail India plans to open 200 stores in FY11 in addition to its existing 1,400, a senior official said on the sidelines of the Asia Retail Congress Summit.
In a bid to reduce the impact of steep rise in prices of essential items like pulses and edible oils, the government is considering a proposal to sell these items around 20% below the market rates directly to consumers through retail outlets of National Agricultural Cooperative Marketing Federation of India.
Reliance Retail and partner Pearle Europe plan to open up to 700 stores of their eyewear retail chain 'Vision Express' across India in the next seven to eight years.
Transferring funds or shopping for up to Rs 50,000 is now as easy as texting on your mobile, with the Reserve Bank of India substantially increasing the limit for m-banking.
Kishore Biyani-led Pantaloon Retail India will hive-off its value segments -- Big Bazaar and Food Bazaar -- into a separate company called Future Value Retail from January 1.