Retail Sector

24/7 Malls and Multiplexes in Mumbai will boost Real Estate and Economy: ANAROCK Retail

24/7 Malls and Multiplexes in Mumbai will boost Real Estate and Economy: ANAROCK Retail

Mumbaikars will soon have the option for eating, shopping and entertainment round the clock.

Retail Leasing Activity Drops 35 Percent in Major Indian Cities: ANAROCK Report

Retail Leasing Activity Drops 35 Percent in Major Indian Cities: ANAROCK Report

Commercial Real Estate sector depends heavily on trends in the retail market and with consumption declining in India, retail space leasing activity in seven major Indian cities has dropped by 35 pe

Amazon.com shrugs off recession, boosts earnings, sales

Amazon.com shrugs off recession, boosts earnings, salesSan Francisco - Amazon.com posted an 18-per-cent boost in sales and a 24 per cent rise in profits as the online retail giant shrugged off the effects of the economic downturn.

The Seattle-based retailer said that it earned 177 million dollars in the first quarter, compared to 143 million dollars a year ago. Sales were up to 4.89 billion dollars compared to 4.13 billion dollars a year ago.

Exxon Mobil overtakes Wal-Mart as largest US company

Exxon Mobil and Wal-Mart New York  - The global economic crisis has scrambled the pecking order among US firms, with Exxon Mobil ousting Wal-Mart as the top revenue-earning company.

The energy company vaulted to the top of the business magazine Fortune 500 list, pushing the world's largest retailer to second place.

Profits among Fortune 500 companies saw the worst declines in the list's 55-year history, falling 85 per cent in 2008 compared to 2007, for total losses of 99 billion dollars.

Amazon’s “cataloging error” results in deletion of over 57,000 titles

Amazon’s “cataloging errorAn awkward and blundering "cataloging error" by Amazon. com Inc resulted in the deletion of over 57,000 titles from online retailer's main search function on Sunday. Initially terming it as a 'glitch,' Amazon said that the affected titles will soon be restored; but that did not happen even till Monday afternoon.

Assocham study: Companies seeing rural India as potential for revenue growth

Rural IndiaAccording to a recent study by the Associated Chambers of Commerce and Industry of India (Assocham), though there is a noticeable slump in demand for fast moving consumer goods (FMCG) in the urban markets, the rising demand in rural areas is attracting manufacturers of consumer products and automobiles, and even organised retail businesses.

The Assocham study titled ‘The Rise of Rural India’ reveals that the global financial meltdown notwithstanding, rural India is being seen as a potential for healthy revenue growth for companies, thanks to a robust demand for products of FMCG, two-wheelers, passenger cars as well as retail sectors.

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