The Kolkata based jeweller, Shree Ganesh Jewellery will invest Rs 500 crores in its expansion plan. Most of the funding will be met through internal accruals, while a part will be raised through debt.
The month of November 20908, saw sales dropping for Macy’s by 14.1 percent, amounting to $2.327 billion. As the company states, its same-store sales also slipped by 13.3 percent, while year-to-date sales fell by 5.6 percent to $19.285 billion. %% The month entailed a Thanksgiving weekend, which according to the company was good, as also its largest Black Friday conducted in the company’s history. Macy’s is riding on its product portfolio of variety, great brands and value for money, which it feels will drive sales through the remaining holiday season of the year. The company believes it has withstood the economic slowdown pretty well.
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