IndiaRetailBiz

Sunil Bharti Mittal, Chairman, Bharti Group, recently gave an interview to the Times Business (TOI April 23, 2007) on how he sees businesses of his group shaping up over the next few years. Following are excerpts from the interview concerning Bharti’s retail business including its partnership with the world’s biggest retailer Wal-Mart:
On retail business: “After […]

With retail roll out plans of big business houses like Bharti, Reliance and others gaining momentum, Indian retail industry, is poised for a rapid growth. According to a report prepared by FICCI, the sector is expected to grow rapidly from $328 billion as at present to $430 billion, in the next three years, by 2010.
Interestingly, […]

Kishore Biyani, who three months ago was conferred “International Retailer of the Year” Award by the prestigeous US National Retail Federation (NRF), could truly be considered as the pioneer of multi-brand modern (organised) retail in India.
Born in a middle class marwari trading family, Kishore Biyani, began his career selling stonewash fabric to small shops in […]

To shore up its badly bruised image, particularly relating to its labour policies, Wal-Mart- the world’s biggest retailer has bought TV time to telecast a TV (info-commercial) series in the US, called “In-Front with Wal-Mart.” The series, beginning from 28th April, 2007, is about Wal-Mart’s 1.9 million employees, popularly known as “Associates.”

Taking a dig at […]

Starbucks, the world’s US-based biggest coffee chain, despite having been delayed in obtaining approval for its application from regulatory agencies, is still hopeful of meeting the 2007-end entry schedule for India. The first of the Starbucks coffee stores is expected to come up either in Delhi or in Mumbai.
The company had earlier submitted its application […]

Nirmalya Kumar is a Professor of marketing; Co-Director, Aditya V Birla India Centre; and Director, Centre for Marketing at London Business School.
Apart from teaching at London Business School, he has also taught at Columbia University, Harvard Business School, IMD (Switzerland), and Northwestern University.
An expert in retailing, Nirmalya Kumar has written more than 35 […]

Which is the best place to attempt a suicide? Well, it turns out to be a Wal-Mart store! Here is an interesting story of how a teenager was saved from sustaining injuries: 
In an apparent attempted suicide Friday (13th April) morning, a 17-year-old set himself on fire in the electronics section of the Towne Boulevard Wal-Mart […]

Mr. Mukesh Ambani, the richest Indian, turns 50 today!
Mr Ambani, since a long time, has been successfully guiding the fortunes of India’s biggest private sector enterprises.
Apart from putting India on the global oil map, his ‘farm to fork’ retail initiative will bring about a paradigm shift in the way retail business is done in this […]

Subhiksha, the Chennai based, R.Subramanian owned, discount chain, currently operating 700-odd stores across the country, is setting its sights high. It is hoping to triple its 2006-07 turnover of Rs. 1,000 crore to Rs. 3,000 crore within a year. During 2006-07, it achieved a growth of 53.8% in its annual turnover over the previous year.
[…]

Second hand cars market in the country is considered to be almost as big as the market for new cars (one million units vs 1.3 million units). No wonder, every one from Maruti to Honda is bullish on this business as it also growing at the same rate of 20 to 25% as the market […]