IndiaRetailBiz

Marks & Spencer, the iconic British apparel and food retailer, which inked a 51:49 joint venture agreement with India’s largest private sector textiles to petroleum conglomerate, a few days ago considers India’s fast growing retail market, according to a Reuters report, to be more significant than China.
“When we looked at the […]

“The retail industry is on a growth trajectory. Wine consumption is growing rapidly amongst the 20-30 year-olds due to high disposable incomes and enhanced lifestyles. Wine is gradually moving away from the category of ‘alcohol’ and thereby gaining social acceptance,” Ranjit Chougule, Managing Director, Champagne Indage Ltd.

Champagne Indage Ltd (CIL), which […]

“The partnership reflects a powerful combination of category leading expertise and global sourcing capabilities of Office Depot with the immense distribution reach and customer understanding of Reliance Retail.” — Bijou Kurien, President and CEO, Reliance Retail (Lifestyle).
“There is tremendous opportunity for growth in India’s office supply market to support a fast-growing economy of entrepreneurs, […]

Reliance Industries Limited, the Mukesh Ambani-led largest private sector company of the Reliance group, which owns retail vertical known as Reliance Retail Limited, announced its annual financial results for the year ended March 31, 2008, on 21st April, 2008.
While, the company announced overall net profit for the financial year 2007-08 leap frogging 63% to […]

“There is a vast emerging class of consumers in India who have refined taste and can appreciate international quality. Trident Homescapes is geared to fulfill the gap between needs and aspirations of these world-class consumers who want world-class services and products.” — P K Markanday, Chief Executive, Abhishek Home Textiles, Trident […]

Broad contours of recently concluded joint venture agreement between the UK-based apparel and food retailer Marks and Spencer and Mukesh Ambani owned Reliance Retail, which we reported a couple of days ago, have begun to emerge.
Some of the key understandings of the partnership are highlighted as under:

The first M&S Reliance India store, […]

Videocon, the Venugopal Dhoot owned, country’s largest producer of durables and electronic components with several international manufacturing facilities, after successfully launching a retail chain of durables called “Next” has now decided to jump into the ‘cash and carry’ retail bandwagon, reports Business Standard.
The new retail chain, which among others,plans to […]

“M&S is a very well respected brand globally. At Reliance, we have always strongly believed in the power of the Indian consumer market. We are excited to partner M&S…We want to combine Reliance’s understanding of the Indian marketplace and its traditional strengths in technology, infrastructure, logistics and training with M&S’s legendary […]

Reliance Retail, the retail arm of Mukesh Ambani owned Reliance group, which began rolling out its US$ 6 billion (Rs. 25,000 crore) “farm to fork” retail strategy 18 months ago, in November, 2006, from Hyderabad, is unhappy with the tardy progress made so far, as it appears to be faltering on growth […]

Wal-Mart, the US-based world’s largest retailer, is here! Of course, through Bharti Retail, its franchisee partner for front-end retail in India. Bharti Retail, a part of Mittals owned Bharti Enterprises– India’s largest mobile telecom player– rolled out first cluster of its three convenience stores in Ludhiana (Punjab) on Wednesday, the 16th […]