IndiaRetailBiz

Allen Solly, the Rs 250 crore (2009 turnover) fashion apparel brand, which accounts for 28 to 30 per cent of Madura Garments’ turnover, is reinventing itself from the image of ’semi-formals’ and ‘casuals’ brand to a brand of fashion and personalcare lifestyle products. Madura Garments– a Kumar Mangalam Birla group company, is also retailing several [...]

Aditya Birla Retail Ltd, (ABRL) — a retail initiative of multi-faceted Kumar Mangalam Birla group– which closed 107 under or non-performing stores in the past few months, is back on expansion mode. ABRL is currently operating 642 supermarket stores and five hypermarket stores across 12 states occupying 1.9 million sq ft of retail space.
After setting [...]

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 [...]

Van Heusen, among the leading men’s formal wear apparel brands of Kumar Mangalam Birla-led Madura Garments, is looking at expanding formats and adding new stores across the country in the coming months.
Van Heusen, the leading formal wear apparel brand mainly catering to the needs of men, is looking at adding new stores across the country [...]

“It is not a very inspiring budget,” told the Press Trust of India. “The retail sector has been clamouring for some kind of industry status and the issue not being touched upon is a disappointment,” said Bijou Kurien, president and chief executive (lifestyle), Reliance Retail Limited.
“Finance minister’s silence on (easing) FDI norms in [...]

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 [...]

Aditya Birla Retail, a retail initiative of Kumar Mangalam Birla group, which began operations in 2007 after acquiring operations of Hyderabad-based Trinethra superstores retail chain, according to an ET report, is believed to have incurred a net loss of Rs 534 crore on sales turnover of Rs 1,030 crore in 2008-09.
The company [...]

Aditya Birla Nuvo, a Kumarmangalam Birla group company, following losseses incurred in its apparel business, is looking at closing 30 unprofitable stores, across the country.These stores have failed to bring sufficient revenue per sq ft of retail space.Sales of garments under different brands during the period declined by one per cent than the previous period [...]

Carrefour SA, Europe’s largest and the world’s second largest French retailer, which had earlier announced setting up of its first cash & carry wholesale store in India by March 2010, according to reports based on reliable sources, has expanded scope of its partnership discussions in India from Kishore Biyani’s Future Group to other [...]

While, in these difficult times of economic slowdown, large retailers have resorted to cutting down on costs, they also begun to realise the importance increasing the share of products under private labels to improve viability of their operations.
The introduction of private labels in general and for products under value segment in particular [...]