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Retail News Round up

Retail News Round up

* Mum on FDI, Narendra Modi asks traders to compete Modern stores.

* Hopeful & Thankful: e-commerce cos hail Narendra Modi for advocating tech push in retail.

* eBays investment in Snapdeal signals consolidation in e-commerce industry.

* Branded Supermarkets sell their own tablet PC brands.

* Airports more profitable destination:Foreign fashion labels eye airport shops for India entry.

* F&B industry gearing up for 29th edition of Aahar, commencing March 10.

* Blackstone agrees to buy 20% of Versace for $287m.

* Arvind targets Rs 100 cr with the launch of premium suits.

* Cold food chain maker, Bitzer aims to double business in India in next five years.

* ICICI, Cafe Coffee Day tie up for skill training.

* Rural consumers spending more than urban peers: Credit Suisse report.

* Kedaara Capital in talks to invest up to $70 mn in Mahindra Logistics.

* Canon India offers longer warranties to fight online retailers.

* LG focuses on AC segment to aim for Rs 2,500-cr turnover !.

* LOreal to make products from scratch for Indian consumers.

* New US food labels would highlight calories, sugar.

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