Retail News Round up

* Global retailer Wal-Mart sets up new company in India.

* 50% of consumers in Delhi-NCR search online but buy offline.

* 48% of Indian households expect economy to worsen in 2014: Report.

* UK optimistic about India’s retail policy, says UKTI.

* Richemont group to enter Indian luxury retail market.

* Flipkart sharpens focus on technology services for future growth.

*Australian fashion brand Colette signs franchise agreement with Brand Access.

* Despite setbacks, Bangladesh beats India in garment exports.

* ATDC to host talk show on career opportunities in garment sector in Indore.

* Tea biggies rush in as West Bengal puts 5 gardens on sale.

* GlaxoSmithKline Consumer expands Horlicks portfolio.

* Urban India has stocked used goods worth Rs 22K crore: OLX.

* Shopera, hyperlocal app in Koramangala shortlisted among top 300 start-ups by NASSCOM.

* Twitter likely to team up with Stripe to accept credit cards via tweets.

* 7-Eleven Named One of 2014’s Leading Retailers.