IndiaRetailBiz

Arvind Brands, a branded apparel retail chain company of Ahmedabad-based Sanjay Lalbhai group, which was spunned off a few months ago from the country’s largest textiles company Arvind Mills, to focus on building retail business across the country with a slew of fashion apparel brands, according to an HBL report, looking at strengthening its portfolio of  [...]

The Confederation of All India Traders (CAIT), a body of traders in the unorganised sector, is seeking immediate implementation of the recommendations made by the Parliamentary Committee on retail trade.
“The recommendations of the Parliamentary Standing Committee headed by Dr Murli Manohar Joshi laid down in Parliament few days back for imposing blanket [...]

Even as Subhiksha, the Chennai-based cash strapped, food and grocery, discount retail chain, battles hard in the Madras High Court, to defend legal cases filed by some of its stake-holders, its founder, promoter, and managing director R Subrahmanian is confident of completing the process of obtaining financial bailout package from its lenders.
The financial [...]

Reliance Jewels, a speciality format of Mukesh Ambani-led Reliance Retail, which specialises in offering a wide range of certified gold, gold jewellery, and diamond jewellery, launched its 12th store in the National Capital Region (NCR). The new store is located at the Gold Souk Mall in Sushant Lok-1, in Gurgaon. Reliance [...]

Vishal Retail, Delhi-based multi-format, multi-product, value retailer, which following falling footfalls and declining purchases, for most part of the year 2008 and early 2009, has faced cash crunch, may afterall get much needed resorces.
The equity shareholders of Vishal Retail Ltd, the company which owns the retail chain, in the Extra Ordinary General Meeting (EGM) [...]

Global financial meltdown resulting in collapse of capital markets had its impact on India’s HNWIs (high networth individuals or dollar millionaires), as their number dwindled by 39,000 (or 31.6 per cent) from 123,000 (2008) compared to 84,000 in the previous year (2007). This is the first drop recorded for India in the past seven [...]

Subhiksha saga gets murkier every day, even as R Subrahmanyam promoted, Chennai-based discount retailer, struggles hard to obtain financial bailout package from its lenders – a consortium of 12 bankers- to get back on its feet.
Until recently, while the top two equity stake holders of the company (promoters: 59 per cent, and I-Venture: 23 per [...]

Pantaloon Retail, the flagship retail company of Kishore Biyani-led Future group, which recently deferred its restructuring plans, is going aggresively on expanding its business in the value segment, which accounts for over three-fifth (60 per cent) of the company’s overall retail business.
Pantaloon, which until May end operated 114 ‘Big Bazaar’ stores and 156 [...]

Subhiksha Trading Services, the 12 years old, Chennai-based discount retailer, which until recently operated a retail chain of 1,600-odd neighbourhood, convenience stores, under the brand name of ‘Subhiksha,’ has got into further troubles as, on the one hand, it faces inspection of the ministry of the company affairs (MAC), on the other, it [...]

Aditya Birla Retail (ABRL), a retailing arm of Kumar Mangalam Birla group, which recorded a whopping growth in turnover of 110 percent in FY 2008-09, is well on its way to achieve further growth in sales turnover of 40 to 45 per cent this fiscal (2009-10).
ABRL, which currently operates [...]