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1% y-o-y in December
43.6% growth in loans for consumer durables was seen y-o-y in December 2014
Retail credit segment saw a slower growth of 15.1% in year-on-year in December, compared to 15.8%
growth a year ago. This was fuelled by slower growth in vehicle loans, education loans and home loans.
A 43.6% growth in loans for consumer durables was seen y-o-y in December 2014, compared to 33.4%
growth a year ago. According to the Sectoral Deployment of Bank Credit data (December 2014) released
by Reserve Bank of India, in retail credit, vehicle loans grew by 15.5% year-on-year, registering a slower
growth than what was seen last year. Housing loans grew by 16%. Education loans grew by 6.3%, since
December period is generally considered a lean season for admissions to higher education institutes.
(More info: http://www.business-standard.com/article/economy-policy/rbi-data-shows-retail-creditgrew-by-15-1-y-o-y-in-dec-115020301381_1.html)
The Apple Watch may just turn Apple retail stores into jewelry shops
As we get nearer to the launch of the Apple Watch, more and more details about the highly anticipated
wearable product are coming to light. This time, a new bit of information has emerged regarding the
expected jewelry-style treatment of the products high-end model in Apple retail stores. As reported by
9to5Mac, Apple will be using safes to hold the gold Apple Watch Edition, which is the most expensive in
the Apple Watch range that also includes stainless steel and aluminum models. The safes will likely be
used to carry both to-be-sold inventory as well as to store demo units from the show floor overnight,
the site notes. The custom-designed safes will be outfitted with Apple Watch MagSafe chargers in
order to keep the demo units charged up and ready to go for the next day of business.
(More
info:
http://appadvice.com/appnn/2015/01/the-apple-watch-may-just-turn-apple-retailstores-into-jewelry-shops)
locations. Amazon has discussed purchasing some of the storefronts and turning them into pick-up and
drop-off centers for online customers. RadioShack has more than 4,000 U.S. retail locations, and its
bankruptcy plan calls for it to sell a portion of them and close the rest.Other companies interested in
RadioShack's retail space include Sprint and the investment company behind Brookstone. Wireless
provider Sprint is said to be interested in buying as many as half of RadioShack's stores and "cobranding" them.
(More info: http://appleinsider.com/articles/15/02/03/amazon-looking-to-buy-some-radioshackstores-to-establish-retail-presence---report)
CEO of Wal-Mart International Wednesday on the sidelines of the World Economic Forum in Davos and
discussed the areas of collaboration with the retail giant.
(More info: http://indianexpress.com/article/india/india-others/andhra-walmart-to-set-up-retailstores/#sthash.4wOtHQ4v.dpuf)