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Kmart, Sears in $11 billion merger

 US retail major Kmart Holding Corp and America's largest departmental-store chain Sears, Roebuck & Co, on Wednesday, agreed to merge in an $11 billion cash-and-stock deal.The merger will combine......

Indian fashion chains bet big amid online retail growth

 Shoppers Stop is looking to open four new stores this year and plans to invest Rs 120 crore. Indian fashion chains are betting big on the consumption story even as American chains shut stores,......

FDI in multi-brand retail on the back burner again

 The much-awaited multi-brand retail policy allowing foreign direct investment (FDI) in the sector has been put on the back burner. Officials close to the developments say the government is likely......

Aussie telco to offshore 150 jobs to Mumbai by '10

 Australian mobile phone retailer Crazy John's is reportedly offshoring about 150 jobs to Mumbai where its parent company Vodafone Hutchison Australia operates a call centre. According to The......

No retail major in rush for India foray

 Early responses from top international chains are lukewarm or guarded to the likely opening of the multi-brand retail segment in India.Even as the Cabinet may soon take up the proposal of allowing......

Aus Open: Easy win for Nadal; Kenin crashes out

 Images from Day 4 of the Australian Open in Melbourne on Thursday. Dominant Nadal reaches third round with easy victory IMAGE: Rafael Nadal plays a backhand against Michael Mmoh of the......

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