Comments on: Vishal Retail holds unbridled expansion as main reason for its present woes; cuts down on employee strength by 40%

By: Sapna.Suru

Sapna.Suru — Sat, 29 Aug 2009 14:47:43 +0000

Well not only laying of people, Vishal Retail need to improve its HR polices and give some power to its HR , unwanted penalty on employees, no bonus, actually no motivation factor at all, over all vishal retail is running on Formats , formats and formats and nothing else , sales is not the main concern the main concern is erasing of unwanted formats from the system, there people who are just sitting and taking huge perks just to make formats and doing the courier job, but actually end of the results are zero, words like doli, kehla, super which are main buzz words in HR and people are ready to leave the company on low salary, but due to the recent recession opportunities ae less,and companies like vishal are taking the full benefit.
the company need to under stand the human value which actually runs the whole system and get rid of unwanted formats .

By: Nishu Kr Gupta

Nishu Kr Gupta — Thu, 30 Jul 2009 05:54:10 +0000

Arising due to an oversight of the nuances of retail business and a grossly unbelievable over-estimation of scalability plans. Retail in India has been shifting to extremes as far as last two years are concerned. In the first year, companies went on an overdrive acquiring properties, hiring people, and constructing big expansion plans without really comprehending the stage at which India’s retail sectors is in. Now companies are at the other extreme, closing down unviable stores, Laying off people and restraining any expansion plans till the sector looks up.

By: Dharnendra Doshi

Dharnendra Doshi — Mon, 27 Jul 2009 04:27:05 +0000

At least the management has been frank enough to admit the area of mistake. Mindless land grabbing was the highlight of last year and most of the modern retailers were guilty of this. The fight was for Sqfts rather than customer retention.
Hope all retailers bring out changes in their policies making customers the centre point for all descisions.