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Retail News Snapshot

Retail News Snapshot

*Walmart wants mandatory local sourcing level reduced to 15 per cent

*H&M lines up to compete in booming sportswear market

*Jaeger-LeCoultre Applies for Single Brand Retail

*Jewellery chain Senco to raise Rs 100 crore via PE route

*’Indian men inspired by international fashion’

*Smartwatches are an opportunity and not threat: Swatch

*Cold chain logistics biz feasts on quick service restaurants, cos see 15-25% growth: Crisil

*Food segment to drive Noida packaging units

*Diageo buys tequila brand DeLeon with US rapper Diddy

*L’Oreal halts sale of Garnier brand in China

*Evok aims Rs 200 crore revenues by 2015 through expansion drive

*Google to bring Shoppable Hangout to India, partners Myntra.com

*Online supermarket LocalBanya.com raises Series A funding from Karmvir Avant Group

*Retailer Target’s data breach caught up to 70M customers

*More well-known US retailers victims of cyber attacks: Sources

*Morrisons may sell 10% of properties to appease shareholders

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