GourmetCITY wins “Most admired food retailer of the year- Innovative retail concept” award

October 8th, 2009 Target September sales metric beats estimatesMINNEAPOLIS — Target says a key sales measure dipped 1.7 percent in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street's forecast.

October 5th, 2009 Belgium's Delhaize to acquire BI-LO assetsBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. In a statement Monday, Delhaize Group said it was in non-binding talks to acquire "a substantial majority" of BI-LO's assets.

October 3rd, 2009 DUBAI - The launch of the Emirates Energy Award for sustainable energy use has been announced here, WAM News agency reported Saturday. Saeed Al Tayer, CEO of Dubai Electricity and Water Authority and Chairman of the Emirates Energy Award, said: "The importance of this award lies in the daily indications of energy consumption rate in all forms which increased continuously and reflects negatively on our environment, economy and the implementation of development plans and programs in the country." "We expect that this year's award will attract more participants and include new effective and innovative strategies in the management and rational use of energy," he added.

August 19th, 2009 SYDNEY - Researchers have warned of a surge in online trading and 'anti-retail movement' that could doom retail outlets over the next 10 years. Some traditional retailing is likely to become obsolete by 2020, as manufacturers choose to sell directly to the public and consumers prefer to deal directly with wholesalers.

August 17th, 2009 THIRUVANANTHAPURAM - Thirty innovative products, including an automatic solar panel guide system, a punching station and a surveillance robot to detect bombs, are vying for top honours at the "TechTop-2009", a two-day engineering event started here Monday. The exhibition, being organised by Technopark in association with the Indian arm of the US-based Degree Controls Inc, is a platform for engineering students across the country to showcase their innovations.

August 6th, 2009 Zale closes 118 retail locations in 4th-quarterDALLAS — Jewelry retailer Zale Corp. said Thursday that it closed 118 retail locations in the fiscal fourth quarter due to underperformance.

August 5th, 2009 Euro retail sales fall 0.2 pct in JuneBRUSSELS — The European Union says retail sales in the 16 nations that use the euro fell 0.2 percent in June from a month earlier, showing that consumers are wary of spending as unemployment hits a 10-year high. Shoppers cut back spending both on daily essentials such as food, drink and tobacco and on non-food items such as clothing, electronics and medicines.

August 3rd, 2009 THIRUVANANTHAPURAM - Kerala Tourism has been awarded the 2009 Pacific Asia Travel Association (PATA) Gold Award in the marketing destination category and has been selected as "best in class" from amongst 236 entries worldwide. The award ceremony will take place Sep 25 during the PATA Travel Mart 2009 in Hangzhou, China, according to a Kerala Tourism release issued here Monday.

July 30th, 2009 KOLKATA - With organised retail business in India yet to come out of the woods, a move is afoot to synergise the resources of the various retails chains for mutual benefit, a top retailer said here Thursday. "The situation is now better.

June 25th, 2009 NEW DELHI - Touch Bionics, Scottish developer of the world's first commercially available bionic hand, today announced its market entry into India. The company's Indian distributor, Innovative Prosthetics and Orthotics Pvt Ltd., officially launched the i-LIMB Hand, the world's most advanced upper limb prosthetic device, in India today.

June 9th, 2009 AMRITSAR - With the Government allowing Foreign Direct Investment (FDI) in wholesale retailing, Bharti Wal-Mart private limited, the joint venture between Bharti enterprises and Wal-Mart has opened its first cash-and-carry store-in Amritsar. The first sales outlet of Wal-Mart has been opened in India as part of an ambitious plan to establish a foothold in the country's vast consumer market.

April 30th, 2009 MUMBAI - Bollywood star Abhishek Bachchan has received the best brand ambassador of the year award at NDTV Techlife Awards 2009 for the IDEA and Motorola campaigns. 'It is a great honour to win the title of best brand ambassador for the IDEA and Motorola campaigns,' Abhishek said in a statement.

March 16th, 2009 MUMBAI - Mumbai's new icon, the Bandra Worli sea link built by the Hindustan Construction Company, has been selected by an independent jury of bridge engineering experts from the Indian Institution of Bridge Engineers (IIBE) to win the coveted "Most Outstanding Bridge - National Award". Acknowledging the distinction, Vinayak Deshpande, President and COO - HCC (EPC and Construction) said, "We are privileged to receive this honor for the very first cable-stayed bridge built in open sea in India.

March 10th, 2009 NEW DELHI - With the $950-million Indian cosmetics market expected to grow 15-20 percent annually despite the slowdown, Britain-based personal care products retailer The Body Shop has drawn up a fresh strategy, including aggressive discounts and opening of new stores, to tap the market. The company, a 100-percent subsidiary of French cosmetics giant L'oreal, has already cut prices of its products by 20-30 percent even as it plans to add new Indian cities to its footprint in India - a market which has emerged among top priorities for the group.

January 29th, 2009 MUMBAI - Bollywood actress Kareena Kapoor will be honoured by the Rotary Club for being the youngest achiever of the film industry. She will be given the Vocational Excellence Award by Bansi Dhurandhar Feb 1 here at the Grand Hyatt, Santacruz.