IndiaRetailBiz

Spencer’s Retail, a Sanjiv Goenka-led retail arm of RPG group, which once ran a multi-format retail chain of around 400 stores, has trimmed down its operations in the last one year to bring down the number of its stores to 264.
The business, which was badly affected due to decline in demand as a consequence of [...]

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 [...]

The Economic Survey 2008-09 tabled in the Parliament, on Thursday, the 2nd July, 2009, by the Finance Minister Pranab Mukherjee, has made many ambitious and bold recommendations on many sectors of the economy.
Paying heed to long standing demand of opening retail sector to foreign capital (FDI), the Survey has sought to allow FDI in retailing (multi-brand, [...]

Spencer’s Retail, the retail arm of RPG group, known mainly for food & grocery retail, is foraying into lifestyle retail. The company is planning to set up five standalone stores of Beverly Hills Polo Club (BHPC)– a well-known global fashion brand from the US– in the NCR (National Capital Region) in the [...]

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 [...]

Coca-Cola Golden Spoon Awards, given in recognition of excellence in food retailing in India, are the most eagerly awaited awards of the food industry. The awards for 2009 were announced at the recently concluded annual conference of Food Forum India 2009.
The Coca-Cola Golden Spoon Awards 2009 winners are decided on the basis of a comprehensive [...]

Spencer’s Retail, retail arm of Goenka’s owned RPG group, which operates a retail chain of 310 supermarket and 35 hypermarket format stores across the country, has again begun to focus on expanding its retail network. It has recently opened 4 Hyper stores at Delhi, Jamshedpur, Bhubaneshwar and Kakinada.
The retailer, it may be recalled, had [...]

Shoppers’ Stop, the country’s India’s largest department store format lifestyle retailer owned by construction major K Raheja group, like its larger counterpart Future group, has also reported declining same-store sales for the quarter ended 31st December, 2008.
Like multi-format, multi-segment, Future group, reported year on year, same store decline of 9 per [...]

Republic Day (26th January) is fast becoming the “Deals Day” for retail sector of the country.
What began in 2006 as an innocuous reason to offer promotional discounts to customers by the undisputed Rajah of Retail Kishore Biyani, has now turned into a frenzy of sorts for retailers, big and small, who all want to use [...]