IndiaRetailBiz

“We are a golden egg laying duck, we are in trouble. We need their (bankers and lenders) support and upon getting it we will restart operations and repay all debt. It is not easy, but we have to make it happen,” says R Subramanian, Founder, Promoter, and Managing Director of Subhiksha [...]

Subhiksha, the country’s largest food and grocery chain, which for some time has been facing huge liquidity crisis, has incurred a loss in the quarter. The quarterly loss, according to a BS report, is said to be first in the last 10 years.
The retailer, which has already pulled out or nearly [...]

Subhiksha, the Chennai-based small format, neighbourhood, discount retailer, which in the past couple of years had grown at a breakneck speed, after long last has admitted to be facing severe cash crunch.
In a lengthy e-mail sent to ET, the retailer has tried to come clean admitting that; “We mucked up ourselves. We have no reason [...]

Although, both Carrefour of France and Future group of India have refused to comment, there is a strong speculation in international media, including ET, about possible tie-up between the respective retail giants in their own countries, for setting up a joint venture between them for cash and carry business, together with [...]

French fashion retailer Etam, which in a 50:50 joint venture with Kishore Biyani-led Future group, is operating 14 exclusive branded stores and another 37 shop-in- shops under Etam brand across the country has, according to an HBL report, decided to withdraw from the joint venture.
The development comes close on heels of Future [...]

Vishal Retail, one of the country’s largest value retailers, which following economic slowdown is besieged with declining footfalls and sales has decided to undertake a feasibility study to review economic viability and rental state of all its stores. The decision comes in the wake of recent closure of the retail chain’s stores at Jodhpur [...]

Guardian Lifecare, a Deli-base pharmacy and wellness retail chain, which operates 170-odd retail outlets, mostly in North India, is looking at aggressive expansion.
Built on a strong platform of reliability and service to the consumers, Guardian is expecting to add over 50 stores in the coming two months, thereby, taking the tally of stores [...]

Republic Day (26th January) is fast becoming the “Deals Day” for retail sector of the country.
What began in 2006 as an innocuous reason to offer promotional discounts to customers by the undisputed Rajah of Retail Kishore Biyani, has now turned into a frenzy of sorts for retailers, big and small, who all want to use [...]

Are we really facing economic slowdown?
The answer would be a resounding No, if one goes by the recent lease rent at which a small shop measuring just 133 sq ft was auctioned in Safdarjang Road area of South Delhi.
Believe it or not, but the shop was leased for a whopping monthly rent of [...]

A number of research studies in the past have shown that many shoppers begin to develop feeling of ownership, that the item ”is theirs,” even before they buy it.
In a new study conducted on inexpensive coffee mugs, a team of researchers led by James Wolf has found that even a mere fingering of an item lying on a store shelf is enough to create an [...]