Tag Archives: Retail

Walmart’s Latest ‘Lab’ Showcases The Future Of Retail

Global retail giant Walmart has set up an intelligent retail lab in one of its 50,000 square feet store in Levittown, New York. With artificial intelligence-enabled cameras, interactive displays and a massive data center, this store, according to the company, is a sneak peak into the future of retail. Walmart’s Intelligent Retail Lab (IRL) is a portfolio company of Walmart’s tech incubator Store ... Read More »

Future Retail raises ₹2,000 crore through issue of warrants to promoter entity

NEW DELHI: Future Retail Tuesday said it has raised nearly₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis. “The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each…to Future Coupons ... Read More »

Future Retail sees immediate revenue benefits from HyperCity

Future Retail plans to increase the contribution of fashion and private labels and cut costs as a percentage of sales once it fully takes over the premium retail stores of HyperCity, the company told investors when it announced its quarterly earnings. Retail czar Kishore Biyani announced in October that he was buying out HyperCity, a 19-store network of high-end grocery ... Read More »

Future Retail likely to expand its neighbourhood stores

Future Retail, a leading company in retail space is reportedly planning to expand aggressively its neighbourhood stores, Easy Day and Heritage Fresh. Its flagship brands include Big Bazaar, Food Bazaar and Fashion at Big Bazaar. The company is looking to run around 4,000 such stores in 3 to 5 years’ time. These stores are located in 11 clusters in the ... Read More »

Tim Cook on Apple’s Plans to ‘Invest Significantly’ in India, Retail Stores, and Demonetisation

Apple reported strong holiday quarter earnings on Tuesday with both revenue and iPhone unit sales at record levels, and the profit just shy of the record numbers seen in the same quarter last two years. Revenues from all markets except China were at an all-time high as well, and this strong showing by Apple was also reflected in its India ... Read More »

Apple Said to Hold Talks With Government About Retail Stores in India

Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek lasted for almost an hour with senior officials from Apple discussing details of the new Foreign Direct Investment ... Read More »

Coolpad to Make Its Smartphones Available via Offline Retail Stores in India

With the aim to cover more than 10 states with one million sales volume by 2017, Chinese smartphone maker Coolpad on Monday announced that it will start selling smartphones through offline channels. Coolpad will establish 5,000 core shops and 10,000 retail shops by 2017, the company said in a statement. “Since the launch of Coolpad in India, we have sold ... Read More »

Future Group To Acquire Heritage Foods’ Retail, Allied Businesses

Hyderabad: Kishore Biyani-led Future Group on Monday said it has signed a definitive agreement to acquire retail and allied businesses of city-based Heritage Foods Ltd in an all-stock deal. Heritage Foods, which currently owns 124 retail outlets under the brand name Heritage Fresh, will get a 3.65 per cent shareholding in Future Retail through fresh issuance of shares. “We have ... Read More »

Lyf Smartphone Allegedly Explodes; Reliance Retail Investigating

  A man claimed on a social media site Sunday that his 4G Lyf phone, sold by RIL’s retail arm Reliance Retail, allegedly burst into flames. The firm promised a thorough investigation in the matter. “My family had a narrow escape today after @reliancejio’s @Reliance_LYF phone exploded & burst into flames,” Tanvir Sadiq said on Twitter. He also posted a ... Read More »

Lenovo P2 Detailed Specifications Leaked Alongside Moto M Retail Packaging [Updated]

The Lenovo P2, a massive battery smartphone that was unveiled at IFA 2016, is all set to launch next month. While the company had detailed most specifications at the trade show last month, the complete specifications have now been leaked. Alongside, the retail packaging of the frequently-leaked Moto M (seen above), which was last seen in live images, has allegedly ... Read More »