IndiaRetailBiz

Indian consumers, who are already combating high rate of inflation, are now faced with the specter of goods disappearing from retail shelves unless the truckers strike, which began yesterday, is not brought to a swift end by the concerned authorities. Truckers, across the country, went on strike to press their long pending demands, many of which relate to levy of toll […]

India’s organised retail industry is set to explode. It is growing at a faster pace than was expected and could costitute 25% of the overall retail serctor by 2011 in India. This has been concluded by a study on retail sector prepared by Deloitte Haskins and Sells– one of the four largest accounting firms in […]

“It’s early days for me to predict anything, but if I see the last 60 days, the sales speak that the customers are enjoying the experience.” — Rajan Bharti Mittal, Managing Director, Bharti Retail.
Expressing satisfaction over performance of the first batch of its “Easy Day” convenience stores, launched  this April at Ludhiana in Punjab, Bharti Retail’s […]

“We wanted to do something groundbreaking. We wanted to leave our mark on history. We expected the mall to average more than 70,000 visitors a day.” — A spokesperson for Hu Guirong, Developer of the Mall.

You may believe it or not but its true!
While Indian retailers are struggling hard to find suitable […]

“Customers look for value and convenience, not ambiance. With the revamp of the stores, now customers can enjoy both the shopping experience and the savings in price.” — Mohit Khattar, President (Marketing), Subhiksha Trading.

Subhiksha– the Chennai based 11 years old, deep discount, no-frills, non-glitzy, retail chain promoted by R. Subramanian, is […]

Indiabulls group, which began its business foray first as a capital market intermediary, delving into real estate business thereafter, entered the booming retail sector, by acquiring entire retail business of Piramal group being conducted under ‘Pyramid’ brand, has completed the process of rechristening Pyramid retail formats as Indiabulls Megastore and Indiabulls […]

Union Budget 2008-09 presented on Friday, which provides for 16% exice duty concession on certain cold chain refrigeration equipment could encourage retailers to set up their own back-end logistics, says a Business-Standard report.
“It is effectively a 16% saving on the capital cost, which is substantial. The supply chain infrastructure is made […]

Pantaloon Retail (India) Ltd, the lagest listed retailer of India, a part of the Kishore Biyani led Future group, has awarded an IT outsourcing contract to the country’s leading Bangalore-based IT player, Wipro Infotech.
The contract according to a Hindu Business Line report is worth Rs 200 crore ($50-million). The contract, which will […]

Container Corporation of India (CCI) and Asian Paints were the only two stocks, among 214 in the ‘A’ group of Bombay Stock Exchange that survived the melt-down of Monday (21st January, 2008) on the stock exchanges. On this manic Monday, both BSE and NSE registered biggest ever intra-day fall of stock indices (Sensex and […]

Reliance Aviation, the aviation wing of Reliance Industries is being roped in by the group to manage a fleet of 50-70 cargo aeroplanes, each of which will transport 30-40 tonnes of farm produce from production sites to the company’s retail outlets.
These planes, which will form part of Reliance’s Cargo Airline business, are […]