IndiaRetailBiz

The Madras High Court, on Friday the 28th, dismissed a scheme of arrangement filed for revival of Chennai-based food & grocery discount retail chain Subhiksha. The scheme was filed by N Srinivasan of Cash and Carry Wholesale Traders Private Limited. Srinivasan is a director of the subsidiary company of Subhiksha Trading Services.
In another blow of [...]

“Retail sales have again picked up and we are more or less back to the same level as we were before the global crisis broke out,” said Kishore Biyani, Founder and CEO of Future group.
Accordingly, Pantaloon Retail (Future group’s retail arm), which operates several multi-format, multi-product, retail chains in value, lifestyle, and home retail segments, [...]

HSAMB (Haryana State Agricultural Marketing Board), a state government development agency, is taking up commendable steps to strengthen agriculture supply infrastructure for efficient marketing of fresh/ green horticulture products like fruits, vegetables, flowers, and herbs.
Apart from helping farmers in securing better price for their products, creation of modern suppy-chain infrastructure will go a long way [...]

Domino’s Pizza, among the world’s largest pizza brands, is exploring new business formats to strengthen its business in the country. The new formats, according to Domino’s Pizza India CEO Ajay Kaul, will include include ‘online’ ordering service and ‘express’ counters.
Domino’s Pizza India, the master franchisee of the US-based Domino’s Pizza in South Asia, was founded [...]

Onam, the biggest harvest festival of Kerala marking the homecoming of legendary King Mahabali, despite clouds of global recession still hovering on the sky, is being celebrated with traditional gaiety, festivity, and feeling of happiness.
While, Supplyco (Kerala State Civil Supplies Corporation), a state government retailer, has planned to celebrate the festival beginning the 28th August, [...]

The Akalis (Badals) ruled state government of Punjab has terminated “memorandum of understanding” (MOU) for setting up agricultural mega projects in the state with Reliance Retail. The agreement was signed three years ago during the erstwhile congress government of Capt Amrinder Singh
The MOU with the state government was an important part of ‘farm to fork’ [...]

Yum! Brands, the US-based world’s largest network of system restaurants with nearly 36,000 restaurants in over 110 countries/ territories, employing over 1.4 million persons, has decided to go aggressively on expanding the network of its restaurants in India.
According to Niren Chaudhary, Managing Director of its Indian subsidiary Yum! Restaurants India, the company will expand its [...]

Pondicherry-based Hidesign, which specialises in making premium leather accessory products, across the world, given current recessionary trends following global financial meltdown, is looking at focusing on India and other emerging markets for growth of its business in coming months.
Hidesign, which has earlier entere into an agreement with Kishore Biyani-led Future group for launching a range [...]

Aditya Birla Retail, the retail arm of Kumar Mangalam Birla-led A V Birla group, is expecting to leap frogging its annual turnover from Rs 1,130 crore last fiscal (2008-09) to Rs 1,600 crore this fiscal (2009-10).
The growth of about 42 per cent, according to the company’s chief executive officer Thomas Varghese, will be achieved through [...]

Although, Ram Chandra Agrawal-led Vishal Retail, which went public in July 2007, could succeed in bringing down its quarterly losses from Rs 115 crore in Q4 2009 (ending March, 2009) to Rs 90 crore in Q1 2010 (ending June, 2009), it is continuing to struggle hard to come out of the financially difficult situation.
While, the [...]