IndiaRetailBiz

Big Bazaar, a part of the Kishore Biyani owned Future group, according to information contained in another group company Future Capital Holdings’ prospectus for IPO filed with SEBI, is facing a number of legal cases including those related to adulteration of food items at its stores, reports PTI.
There are over two […]

Reliance Retail, the retailing arm of Mukesh Ambani owned Reliance Industries, which began work on restructuring its retail business into 35-odd subsidiaries about three months ago, is expected to make formal announcement on the same in early part of 2008, according to Moneycontrol (Network 18) report. Subsidiary companies as reported earlier are […]

Hakoba Lifestyle, the retailing arm of the Surat-based Pioneer Embroideries, has finalised plans to foray into small, medium and large format retailing, according to a Business Standard report.
Hakoba is a popular brand of embroidered sarees and dress materials across the country.
In the next four years, will invest over Rs. 250 crore, to […]

“Negotiations are well on track,” Mr Duran said. “We are talking to two or three different candidates . . . and if we are optimistic, we should be able to sign a joint venture in the coming months - at the latest in the first quarter of 2008.” — Luis Duran, Chief […]

Ashwani Kumar, the Minister of State for Industry, made it clear that the the policy concerning Foreign Direct Investment (FDI) in retail sector for multi-brand products will be examined by the government only after government receives reports from two analyst agencies. He said this while replying to a question in the […]

“If you have to stand out in the crowd and draw customers, you need to give value to the customer. At Subhiksha, we provide value to the shopper,” R. Subramanian, Promoter, Subhiksha.
Subhiksha, the Chennai-based, no-frills, deep discount, supermarkets, retail chain, which now occupies about a million sq.ft. of space and is spread across […]

“This shopping season in the U.S. is off to a robust start as consumers shrug off worries about high fuel prices and weak housing.”
Close on heels of maddening rush of American shoppers in deep discount retail stores on “Black Friday,” comes the news of a record “online” spend of $733 million (21% […]

Notwithstanding political opposition and lukewarm attitude of policy makers, retail sector continue to attract entrepreneurs from unrelated backgrounds.
Indiabulls, which in a short span of time has become a recognised player in financial services (mainly stock broking) and real estate, has decided to enter into the retail business, says a Business Standard report.
According […]

Sales of consumer durables products, particularly for highend, high tech, high cost products like LCD televisions and frost free refrigerators, during this Festive season in the country, despite CSO’s manufacturing data reports to the contrary, have been exceptionally good, according to a Hindu Business Line report.
All the leading durables brands like […]

While, the Union minister of Commerce and Industries Kamal Nath had earlier averred that review of FDI policy this year will aim at streamlining investment procedures in a comprehensive way, giving preference to sectors that generate more economic activity and jobs, the new policy, expected later this week, is unlikely to include foreign investments in […]