Mahindra Mom and Me store launched in Delhi
Mahindra Retail has launched its first ‘Mom and Me’ store in Delhi region.
This company is the retailing unit of the Mahindra Group.
Mom and Me stores would cater to infant and maternity care products.
Mahindra Retail managing director K. Venkataraman spoke at the launch: “With the number [...]
Tom Mars is the new chief administrative officer of Wal-Mart USA
Wal-Mart Stores has announced the appointment of Tom Mars as their new executive vice president and chief administrative officer of Wal-Mart USA.
He would now handle the company’s human resources operations for the division.
Mars was till now the general counsel of Wal-Mart Stores. That position [...]
Wal-Mart to cut 800 jobs in headquarters
Wal-Mart has announced that they would be cutting around 800 positions in their headquarters.
These jobs would be cut from its corporate office in Northwest Arkansas over the next few weeks.
This latest job cut announcement is part of company’s plan to cut costs during these tough times.
Wal-Mart Spokesman David Tovar [...]
Inditex to land in India through Tata Group
Inditex is the Europe’s biggest clothing chain. The company is now planning to enter the Indian market through a collaboration with India’s Tata Group conglomerate.
The company would open retail stores in the Indian market to expand their presence worldwide.
Inditex would own a 51 percent stake in joint [...]
Target to cut undisclosed number of jobs
US based retailing company Target has announced that they too are going to cut jobs in their operations to stay competitive in these tough economic times.
The company has not revealed the number of jobs they are going to cut.
Target said in a statement on this decision: “Target [...]
Circuit City Stores to liquidate as no agreement reached
US based electronics retailer Circuit City Stores has announced that they have failed to reach a deal to sell the company.
Circuit City would now liquidate and shut down their stores in the country.
This is likely to help rivals gain more market share in these tough economic times. [...]
Barnes & Noble announces a job cut
Barnes & Noble has announced that they are laying off around 100 jobs in their operations.
All of these jobs are from their corporate division.
The company said that they are working on cutting costs to stay competitive in these tough times.
BN said that these jobs were cut as they are [...]
Circuit City Stores done with closing down stores
Circuit City Stores has announced that they are not planning to close down any more stores.
The company is currently operating under Chapter 11 bankruptcy protection.
They are already in the process of closing down 155 of its 722 stores.
Circuit City was responding to media reports which stated that [...]
Circuit City Stores files for bankruptcy protection
It was bound to happen. Circuit City Stores has now filed for bankruptcy protection.
The company had been struggling and just failed to survive against the competition from companies like Wal-Mart and Best buy.
The company recently said that they would close down 155 stores and fire 17% of their [...]
Circuit City closing down stores to cut costs
Circuit City has announced that they are now planning to close down about 20 percent of its U.S. Stores.
The company said that they are working hard on returning back to profitability and this is just one of the several steps.
Circuit City added that they would close down 155 [...]
