Multi Brand Retail

There will be no change in policy on multi-brand retailing: Goyal in US

Union Minister of Commerce and Industry Piyush Goyal on Thursday categorically ruled out the entry of multi-brand retailing in India as such a move would destroy pop-and-mom stores like that of the US. Except for this, he said, India is open to all kinds of economic reforms necessary to take the country on an accelerated growth. "If the need arises, we can re-look at any of these (policies) or the government has the authority through cabinet approval to allow greater percentages (of foreign stakes in various sectors). Or we can go to Parliament and change it also, not a problem, though I do not think any of these requires parliamentary changes," Goyal said in response to a question at the Centre for Strategic and International Studies think-tank here. "The important area where sometimes, and particularly in countries like the US, I hear voices is about multi-brand retail. And that is a no-no. I want to make it loud and clear that there will be no change in our policy on multi-brand .

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

MillerKnoll plans to set up more showrooms in key Indian cities: Report

US-based furniture major MillerKnoll has set up its first retail outlet in the city, the sixth such facility in the country, through its authorised dealer Buildcraft Interior, the company said. MillerKnoll has drawn up plans to open additional showrooms in key cities across India, Managing Director for Asia Pacific, Middle East, and African regions, Kartik Shethia said. The opening up of a dedicated showroom in Chennai in partnership with Buildcraft Interior marks a significant milestone in MillerKnoll's growth strategy, a company statement said here on Sunday. The new outlet in the city showcases all the iconic brands under MillerKnoll. Some of the brand portfolio of MillerKnoll includes Herman Miller, Colebrook Bosson Saunders, Knoll, DatesWeiser, and Design Within Reach, among others. The price range of MillerKnoll products at the Chennai showroom ranges between Rs 60,000 and Rs 2.50 lakh. "With this showroom, MillerKnoll is not merely showcasing its products but creating an ..

American retail major Walmart sourcing from India hits $30 bn in 20 years

India is the first country, outside the US, where the retail major has announced an export target

Future Retail insolvency proceedings: NCLT extends deadline to Aug 17

The debt-laden firm has requested multiple extensions in the past

With giant mall, Reliance sets sights on next gold rush: luxury goods

Reliance wishes to utlise its strength in a sector where it sees huge prospect. Luxury goods are Reliance's next target market, according to market pundits and analysts.

OBEETEE Studio in Delhi is the grand brand's first retail outlet in India

You're likely to be, says Amrita Singh, at OBEETEE Studio, a venerable, nearly century-old carpet-maker's first retail outlet in India

Govt to consider relaxing FDI norms in single brand retail on Wenesday

he present FDI policy is silent on the fast-growing digital media segment

Goyal backs multi-brand FDI policy, says no changes in the offing

Britain's prime ministerial frontrunner Boris Johnson had recently expressed his disappointment at UK retailers like Sainsbury's and Waitrose not being able to set up base in India

India won't allow multi-brand retail by foreign companies, says Goyal

He said provisions regarding the data in the e-commerce policy is being addressed by the Ministry of Electronics and Information Technology (MeitY)

India will not permit foreign firms in multi-brand retail: Piyush Goyal

The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers here in Delhi