IndiaRetailBiz

Spencer’s Retail, among the country’s oldest and leading retailers, unveiled a new Shop-In-Shop (SIS) format Gourmet store in Kolkata on Thursday.
“In India there is a propensity for good food. It may not be a volume market but would be a niche market, which is expected to grow with time. This store would cater to a [...]

Spencer’s Retail, among the country’s leading multi-product, multi-format retailers, after closing down nearly 40 per cent (150 out of a total of 400) of its non-performing stores last year, has begun to report improved sales performance this year. The stores were closed due to adverse impact of global economic slowdown on organised retail business in [...]

Yesterday, we reported about a consortium of bankers agreeing ‘in principle’ to consider bailout package to revive financially stressed Subhiksha’s operations under CDR (Corporate Debt Restructuring) programme of RBI.
The last date for disposal of the proposal under the rules framed for CDR will come to end in the next three days on the 31st July, [...]

As the the last date for completion of financial bailout package for cash starved Chennai-based Subhiksha Trading comes to an end on the 31st July, a consortium of lenders (12 banks excluding Kotak Bank) appear to be ready in principle to finalise terms of the package that will help the beleaguered retailer to revive its [...]

‘Green Design Studio,’ a brand shop that aims to cater to all interior surfacing needs of customers, recently opened its second exclusive retail store in Delhi.
Green Design Studio, which had opened its first outlet at Bangalore in April this year, is a one-stop shop for a wide array of over 500 designs of laminate [...]

Vishal Retail, the Delhi-based value retailer, which yesterday announced incurring net loss of Rs 114.72 crore in the last quarter (Q4) of FY 2008-09, compared to net profit of Rs 10.40 crore in (Q4) of 2007-08, has identified unrestrained expansion of its retail network as one of the main causes of its present problems.
“Unbridled expansion [...]

Vishal Retail, Delhi-based megastore (mini-hypermarket) format value retail chain, which after highly successful IPO in June 2007 was riding on growth trajectory in 2007-08, had a difficult period of performance this year.
The retailer, according to financial results, has incurred a consolidated net loss of Rs 94.49 crore for the 2008-09 financial year ending 31st March, [...]

Global investors with vast financial resources at their command have begun to feel that in the coming years India’s “consumption” story will offer more scope for investment as it will be more enduring than the currently popular “infrastructure” theme.
“Yes, both have growth today. But when you look two years down the line, [...]

Almost after a year’s drought of capital resources, India’s retail sector appears to be returning back in reckoning of investors. This is evident from the fact that foreign investors have begun to re-look at expansion projects of Indian retailers.
Fung Capital, a private equity investment company of Fung families, has decided to invest around $30 [...]

Green is In! In what could turn out as a ‘game changing’ initiative, the world’s largest retailer Walmart has proposed to create “sustainable product index.”
The Index, perhaps a composite number that provides a single measure of environmental information, is expected to tell the consumer as to how a product she is buying affected the planet.
To [...]