IndiaRetailBiz

Bharti Wal-Mart– a joint venture between Bharti Enterprises, country’s largest mobile service provider, and Wal-Mart Stores, world’s largest retailer, has signed a memorandum of understanding (MOU) with the state government of Punjab to establish a special skills training centre for imparting training in retail operations at Amritsar.
The skills training centre to be known as ’Bharti Wal-Mart Training […]

Tesco HSC (Hindustan Service Centre), the global services arm of the world’s third largest retailer Tesco, has appointed Sandeep Dhar as its Chief Executive Officer. The appointment became effective from Thursday the 6th November, 2008.
The UK-based Tesco plc operates around 3,200 stores, employs over 400,000 persons, and services over 15 million customers […]

Under fire from the government and rival industry lobbies like FICCI, Assocham (Associated Chamber of Commerce), an industry lobby, has withdrawn its controversial report that had predicted axing of jobs in seven people intensive sectors comprising IT, aviation, steel, financial services, real estate, cement, and construction.
While, Union Finance Minister P Chidambaram has allayed fears of job cuts saying that […]

While, industry lobby Assocham (Associated Chamber of Commerce) has predicted up to 30 per cent job cuts in seven people intensive sectors (IT, aviation, steel, financial services, real estate, cement, and construction)  in the next 10 days, P.  Chidambaram, Union Minister of Finance, has allayed such forecasts. He has allayed the fears of job reductions as a natural cosequence […]

People working in IT, aviation, steel, financial services, real estate, cement, and construction sectors should ready themselves to face one of the biggest challanges in their career, as according to a recent study on ’Jobs Scenario Post-Diwali’ published by Assocham, these sectors are no longer in a position to sustain their operations with existing manpower strength.
Although, people working in […]

While, Vishal Retail, the Delhi-based value retailer, is maintaining steady pace of growth in terms of opening of new stores, it has heavily suffere on its profitability during the half year ended 30th September, 2008.
The profitability was severely affected mainly on account of sharp increases in staff and interest costs.
According to the unaudited […]

Reliance Retail, the retail arm of Mukesh Ambani-led Reliance group, according to a PTI report, has rubbished the reports of retrenchment of its employees, saying there was no plan to handover pink slips to employees.
“We would categorically deny reports of retrenchment of staff undertaken by Reliance Retail,” said a company spokesperson.
We had […]

Even before the news of 1,900 young aviation aspirants having been handed pink slip by their employer Jet Airways could fully sink in, there was another bombshell waiting from the retail sector, yesterday.According to an NDTV source-based report, Reliance Retail, among the country’s largest retailer, has decided not to renew job contracts of […]

“It reflects the recession that the U.S. economy is in. This is not a pretty picture we are seeing.” — Michael P. Niemira, Chief Economist, International Council of Shopping Centers.
Financial meltdown is adversely impacting most American businesses is not much of a news!
What, however, is worrisome is the news is that retail sector in […]

Around this time last year, ‘Modern’ Retail was buzzing with lot of excitement and euphoria surrounding the sector was highly visible. Even strident political opposition from political activists and unorganised sector was factored in by business leaders in the sector.
Every one connected with retail was anxious about imminent shortage of quality manpower. […]