IndiaRetailBiz

“The story is not about us, but this story is about the people who visit our stores. This is a proud moment for India.” — Kishore Biyani, Chairman, Future Group, while announcing the launch schedule of 101st Big Bazaar store.
Big Bazaar, a hypermarket value chain of Kishore Biyani-led Future Group, is rolling out four new [...]

“As the Indian consumer goes all out to seek new experiences from food and wine, installs an in-home spa and holidays in exotic destinations, modern retail is well on the way to being the key driver of the Indian economy over the next decade because India’s consumer demand is simply unstoppable.” [...]

The warring Left front partners CPI (M) and All India Forward Bloc (AIFB) have decided to come to terms with each other as they resolved their differences on the renewal of APMC licence to German wholesale retailer Metro Cash & Carry for their B2B operations in West Bengal.Agricultural Produce Marketing Committee (APMC) in [...]

Buddhadeb Bhattacharjee, the Chief Minister of West Bengal, is perhaps the most harried Chief Minister in India. While, on the one hand, he is trying hard to attract investment in his state by projecting it as one of the business friendly destinations in India, on the other, he is facing strident and [...]

“Driving consumption across categories is essential. We need to grow the basket-size per customer.” — Peter Haden, Partner and Co-leader (Retail practice), McKinsey & Company.
Organised retail will touch $450-billion in size by 2015. Its share will expand from current 5 per cent to 14-18 per cent of the total market, says latest [...]

“Customers have surprised us in the cola category with our recently launched brand of Tasty Treat Cola. We believe today consumers are looking for more brands and we are now open to introducing new brands in every category.” — Damodar Mall, Group Customer Director, Future Group.
Buoyed with the performance of ‘Tasty Treat [...]

“India has a huge untapped market for luxury lingerie in India and we are targeting Rs 20 crore (over $4 million) in the first year of the launch.” — Theprit Srichawla, Managing Director, Kyra Mode Company.
Playboy Intimates, the renowned lingerie brand of the US-based Playboy Enterprises, was launched in India on [...]

“I think it’s important that we explain to consumers that there’s nothing wrong with milk. It’s only that some processors added bad stuff to the milk.” — Eric Legros, Carrefour’s Managing Director for China.
Carrefour SA, for its retail chain in China, has announced a decline of 50 percent in sales of dairy products, following [...]

Merrill Lynch, the global wealth management company, in a recent report prepared with Capgemini, a global consulting company, has ranked India, above all others, in terms of growth of dollar millionares in 2007, across the world.
Dollar millionares, more popularly called as High Networth Individuals (HNWIs) are defined as individuals with more than $1 million in [...]

Magppie– a Delhi-based design led brand of premium home accessories made primarily stainless steel, currently enjoying the presence of its products in around 40 countries, besides focusing on exports is looking at expanding its retail presence in India.
Maggppie, which is currently operatin seven stores of home accessories and three stores of modular kitchens, [...]