Merchants lag behind mobile fraud

2015/05 21 17:05

As the mobile channel continues to grow and mature, fraud is also keeping pace with increasing mobile transaction volumes. The 2015 Mobile Payments & Fraud Survey has found that many organizations are not taking the necessary measures to understand and combat fraud in the mobile channel as less than 40 per cent of merchants differentiate […]

Puma launches Pulse XT training shoe for women

2015/05 21 17:05

Jacqueline Fernandez at the launch of Pulse XT Global sportswear brand Puma, increasingly focusing on the women’s training category has introduced Pulse XT, a dynamic lightweight training shoe that is geared towards adapting to the unique boldness and flexibility of any workout, it said in a statement. Puma also announced its association with actress, model […]

Apparel and garment making centre in Guwahati

2015/05 21 17:05

Courtesy: PIB Union textiles minister Santosh Kumar Gangwar said that Prime Minister Narendra Modi has given special attention to the ministry of textiles, with special focus on the north eastern region. The apparel and garment making centres were being opened in every state in the region, as part of the landmark initiative announced by the […]

Kering releases Environmental P&L account report

2015/05 21 17:05

Fashion and luxury goods marketer Kering released the results of its pioneering Environmental Profit and Loss Account (E P&L). “E P&L measures environmental footprint in our own operations and across the Group’s supply chains and values it in monetary terms,” Kering informed in a press release. Further, Kering has published its E P&L methodology in […]

Govt retains multi-brand retail FDI at 51%

2015/05 21 17:05

Facing criticism on retail FDI issue, the government has sought to downplay the continuation of the policy permitting 51per cent FDI in the multi-brand retail sector saying the BJP’s stand remains the same on the matter, according to media reports. The government recently released its latest consolidated FDI policy which has retained previous UPA regime’s […]

CII backs Make in India for retail boom

2015/05 21 17:05

Leading industry body, Confederation of Indian Industry (CII) expects the retail market in India will touch $1.2 trillion by 2020 and $2.1 trillion by 2025 from the present level of $550 billion, generating 10-12 million jobs in the next decade, it said in a statement. According to a report titled The Indian Retail Medley released […]

Delhi NCR default mall capital of India: MD, JLL India

2015/05 21 17:05

“Delhi-National Capital Region (NCR) is the default mall capital of India, since it has nearly a hundred malls, with best performing malls in the region enjoying a low average vacancy of around 10 per cent,” a top official of JLL says. According to Pankaj Renjhen, managing director (Retail Services), JLL India, no other city comes […]

Arvind Brands picks Parag Dani to head Calvin Klein India

2015/05 21 16:05

Arvind Brands and Retail Ltd, the Indian partner of the US-based fashion retailer Calvin Klein Inc, has picked Parag Dani to head the latter’s business in India, according to media reports. Prior to this appointment, Dani was retail director at Levi’s. Dani’s appointment comes in as Arvind Brands is in the process of restructuring and […]

Snapdeal beefs up tech team, brings back Gaurav Gupta

2015/05 21 16:05

Gaurav Gupta In a move to bring top talent back to India, Snapdeal, one of India’s largest online marketplace, has announced the appointment of Gaurav Gupta as vice president – engineering. In his new role, Gupta will spearhead the company’s cloud platform and technology infrastructure, Snapdeal said in a statement. As the company continues to […]

Apparel making centre to come up in Tripura

2015/05 21 16:05

Santosh Gangwar speaking at the event/Courtesy: PIB Work has started on an apparel and garment making centre in Agartala after textiles minister Santosh Kumar Gangwar and Tripura chief minister Manik Sarkar laid the foundation stone of the project on May 20. A Silk Processing and Printing Unit was also inaugurated on the occasion, by the […]

Indian retail sector to need 56mn workforce by 2022: NSDC

2015/05 21 16:05

“The booming Indian retail sector will need around 56 million workforce by 2022,” says a report from the National Skill Development Corporation (NSDC). “The sector will also have one of the highest incremental human resource requirements of 17.35 million between 2013 and 2022,” the report adds. NSDC mapped 24 sectors for assessing incremental human resource […]

Reliance Retail’s multi-channel shopping on the anvil

2015/05 21 16:05

Reliance Retail, part of Reliance Industries, plans to launch multi-channel shopping across all its formats to tap the fast growing e-commerce segment, according to media reports. The company, which operates its business under five core formats — Value Formats and others, Fashion and Lifestyle Digital, Brands and Jewellery — has already launch e-commerce operations for […]