IndiaRetailBiz

All retailers, including those who were initially reluctant to allow rush of foreign capital in the sector, have been asking for full opening retail sector to foreign investment in India.
The main reasons for such an unequivocal demand stems from the realisation that (a) while retail requires heavy investment for expansion, there is hardly any local capital [...]

Yesterday, we reported about Union Commerce & Industry minister Anand Sharma’s clarification to the effect that confusion (arising out of the publication of Press Notes no 2, 3, & 4 by the government) on admissibility of foreign investment in multi-brand retail was unwarranted as the government has not made any changes in [...]

After a lull in the construction of malls during economic slowdown (2008-09), the next 18 months, according to a report titled ‘Mall Realities India 2010, will see construction of 100 new malls and creation of 32 million sq ft of retail space. These are the findings of a report prepared by well-known global real estate consultancy firms, Cushman & Wakefield [...]

Bharti Retail, the retail arm of Mittals-led insurance to telecom group, after setting up a retail chain of neighbourhood supermarket stores under the brand name of ‘Easyday’ in Punjab and Haryana, has extended the footprit of this chain to National Capital Region (NCR). The unveing of retail chain’s foray into NCR [...]

Mukesh Ambani’s Reliance Retail, which like others in the sector is facing the challenges of shrinking sales with increasing costs, is looking at carving out a new ‘no-frills’ discount format out of its existing flagship, neighbourhood, convenience, chain Reliance Fresh.
The new economy format tentatively called ’discount destination’ or ’super value’ format, according to an ET report, is [...]

Shopper’s Stop, Lifestyle International, and 24 other retailers, who had challenged the provisions of Section 65(105)(zzzz) of The Finance Act of 2007, which sought to levy service tax on renting, letting, leasing, licensing or other similar arrangements of immovable property for use in the course of furtherance of business or commerce must have [...]

Aerens Gold Souk (AGS) Luxury Retail, a Delhi-based venture of Aerens family, which presently operates two Gold Souks at Gurgaon and Ludhiana, is preparing itself to launch a Rs 250 crore multi-specialty mall in the last quarter of 2010. The mall is coming up at Vandalur, near Chennai. The group has also set up [...]

Organised retail in India, which grew just 11 per cent in December 2008 compared to 34 per cent in December 2007, may continue to show a truncated rate of growth in sales of a mere 8 to 12 per cent through 2009 and beyond (middle of 2010). This would mean that the organised retail penetration, [...]

Vinod Sawhney, President and COO, Bharti Retail, was among the main participants in the recently concluded two day international convention “Food Forum 2009″ organised by Mumbai-based Images Group. The event was attended by over 700 national and international delegates.
This year’s conference held at The Renaissance in Mumbai revolved around the theme of “Recipes for [...]

DLF, the country’s largest real estate developer, which already owns eight shopping malls across the country, is expected to unveil four new shopping malls before Diwali (October), this year. These malls will be located in Delhi and areas surrounding (NCR) the national capital.
“We have currently eight malls operating across India and we are [...]