Organised retailers may come together to synergise resources: Goenka

October 8th, 2009 Retailers report September sales declinesNEW YORK — Early September reports from retailers show weak sales as shoppers cut back on fall clothing purchases amid worries about jobs and tight credit. As stores announce their results, Thursday, teen retailers Wet Seal Inc.

September 30th, 2009 KOLKATA - Duncan Goenka Group is looking for a potential buyer or a joint venture partner for its closed fertiliser unit, a top official said here Wednesday. The group acquired Duncans Fertiliser Industries Ltd from ICI India in December 1994.

September 21st, 2009 KOLKATA - A Kolkata NGO is all set to offer prayers this Durga puja in a different way. The festivities will be organised by physically challenged, destitute and marginalised children of society with the help of OFFER (Organisation For Friends Energies and Resources).

July 30th, 2009 KOLKATA - Spencer's Retail Ltd, the retail arm of the Rs.150-billion RPG Enterprises, has seen a revenue growth of 15 to 16 percent in the quarter ended June 30, a top official said Thursday. "Sales per square feet are actually going up.

July 28th, 2009 UK retailers say sales dropping in JulyLONDON — Most U.K. retailers say that sales are declining in July, though grocery and shoe stores are bucking the trend with rising volumes, the Confederation of British Industry said Tuesday.

July 15th, 2009 NEW DELHI - Questioning the government policy that permits foreign firms to set up single-brand retail stores, a parliamentary panel says the norms are being flouted especially in malls, adversely affecting small shopkeepers. The panel, whose summary of recommendations were made available in the Rajya Sabha, the upper house, Wednesday also said that foreign equity in cash-and-carry wholesale trade was like backdoor entry into multi-brand retailing.

July 15th, 2009 NEW DELHI - In a signal that India's retail trade sector may not be opened any further, the government Wednesday said the interests of small traders will be protected as the industry is the second largest employer after agriculture. "The government is fully committed to securing the legitimate interests of all stakeholders engaged in the retail business," said Minister of State for Commerce Jyotiraditya Scindia.

June 5th, 2009 KOLKATA - Injudicious use of conventional energy resources has increased the intensity of natural disasters, a top physicist said here Friday. "The intensity of all natural calamities has gone up because of man's nature to randomly use conventional energy resources available around us," Saha Institute of Nuclear Physics (NINP) director Bikash Sinha said at a seminar on environmental issues organised by the Bengal National Chamber of Commerce and Industry (BNCCI).

May 21st, 2009 NEW DELHI - Wal-Mart, the world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said. The US-based giant has also decided to call its cash-and-carry venture BestPrice Modern Wholesale to offer retailers bargains that would eventually benefit end consumers, the officials added.

May 21st, 2009 PANAJI - The Taj group of hotels Thursday unveiled Goa's first five-star business property, the 170-room Vivanta, to 'fill the gap between leisure and business tourism' in the state. 'Until now, Goa did not have a single business hotel catering to the upper segment,' said Taj Premium Hotels chief operating officer Jamshed Daboo, who has overseen the Rs.110-crore project.

February 17th, 2009 AGARTALA - A national 'van mela' is being organised in the northeastern state of Tripura to promote sustainable use of forest resources and diversified utility of non-timber forest products. 'The 'van mela' intends to provide an opportunity for interaction across various stakeholders on forest based livelihood and traditional knowledge on the use of forest and its products,' Tripura Forest Minister Jitendra Chowdhury told reporters here.

January 18th, 2009 NEW DELHI - With property sales plummeting by around 50 percent, real estate brokers have begun looking at the rental market to stay afloat. 'Eventually, we are depending on the rental market to keep our business going,' said Atul Khanna of brokerage firm Khanna Properties, who joined the business in 2004 when the realty business was in full swing.

January 15th, 2009 KOLKATA - Automobile sales are not picking up as commercial banks have not eased auto loan rates, a senior official of utility vehicle major Mahindra and Mahindra (M&M) said here Friday. 'The Reserve Bank of India (RBI) has given a directive to banks to ease lending rates for automobile loans.

December 31st, 2008 NEW DELHI - The realty industry is one of the worst-hit sectors globally following the financial meltdown, but for the well-heeled in India, this is excellent tiding. With real estate prices at an all-time low across borders, buying property abroad is suddenly making sense to affluent Indians.

December 31st, 2008 MUMBAI - Retailers should cut prices in the next six months to clear inventories and push sales, an industry representative said here Thursday. 'Retailers may reduce prices in the next few months in an effort to make people buy more.