Tag Archives: stores

Moto Hub Exclusive Offline Retail Stores Opened in Delhi-NCR, Mumbai

With the competition among the top smartphone manufacturers continuing to be fought in the offline retail market, Lenovo’s Motorola on Thursday opened six Moto Hub brand exclusive retail stores in Delhi-NCR and Mumbai and plans to open 50 more across top tier towns by the end of this year. The first Moto Hub stores were officially opened at… Read More »

Macy’s sales slide stokes fears for US department stores

Shares in Macy’s have plunged after the US department store owner said quarterly sales slid 7.5%. Although some of the decline was due to stores being closed, like-for-like sales fell a worse than expected 4.6%. Chief executive Jeff Gennette said the company, which also owns Bloomingdales, did not have its “head in the sand”. However, Macy’s also expected… Read More »

Macy’s to close 100 department stores

US department store chain Macy’s is to close about 100 stores and increase investment in its online business after 18 months of sliding sales. Total sales fell 4% to $5.87bn in the second quarter after falling 7.4% in the first three months of the year. As in the UK, department stores in the US have been struggling with… Read More »

Kalyan Jewellers plans stores in Sri Lanka, Malaysia

Kalyan Jewellers is planning to unveil its online platform by Diwali , even as it targets a 30 per cent rise in its revenue this fiscal and entry into three overseas markets. “We are targeting Rs.13,000 crore this year against the Rs.10,000 crore revenue generated in 2015-16,” Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers told The Hindu. He also… Read More »