IndiaRetailBiz

The contours of financial package for stabilising operations of financially stressed value retailer Vishal Retail have begun emerging. The Delhi-based retailer owes around Rs 730 crore to a consortium of around 13 banks. Of these 13-odd banks, Vishal owes an amount of about Rs 170 crore, or nearly one fourth of the total, to State [...]

Reliance Industries Limited (RIL), the flagship company of Mukesh Ambani-led Reliance group, has identified retail as one of the five main areas of growth for future. Apart from retail, core areas of conventional energy and hydrocarbons as well as as rural transformation and innovations (like non-woven fibres for wallpaper and paper for currency), have also [...]

Reliance Dairy Foods, a subsidiary company of Mukesh Ambani-led Reliance Industries Ltd (RIL), which manufactures and markets milk and other dairy under ‘Dairy Pure’ brand, has begun expanding footprint of its dairy products by roping in retailers outside the group. Apart from state cooperatives which operate within their respective states/ regions, Amul, Nestle, Mother Dairy [...]

Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]

Walmart Stores Inc, the world’s largest retailer, which operates a retail JV with India’s telecom behemoth Bharti Enterprises (Bharti Walmart Retail Limited), is satisfied with its results and is looking at expanding the footprint of its cash and carry stores in India. This was stated by Anand Sharma, Commerce & Industries minister of India, while [...]

Kishore Biyani, Founder and CEO, Future group, is quite fond of number 30 or similarly sounding 13. He has set the group target of Rs 30,000 crore ($6.5 billion) in sales, from 30 million sq ft by 2013. Biyani revealed the agenda for growth of his group, while delivering the keynote address on 22nd October, [...]

Pantaloon Retail India, a Future group company, has grown at a much faster pace than some of its well known competitors. The credit for this in large measure goes to the vision of its founder and promoter Kishore Biyani, who is quick to acquire/ contract new space, and that too at lower rates, than its [...]

Subhiksha, the financially stressed discount retailer, whose 1,600-odd convenience stores have been forced suspended their business operations for want of cash, since January, 2009, opened four of its stores in Chennai during Diwali to sell crackers.
Subhiksha’s used its time tested brand mantra of “low cost” to lure customers to its shops. Many customers, who lined [...]

Liverpool Retail, an Ahmedabad-based fashion retailer, which presently operates a chain of exclusive menswear retail stores across India, UAE and Nepal, launched its first family store on Thursday, the 15th October, 2009, at its home base in Ahmedabad. Liverpool hold the distinction of launching 151 stores on a single day. The feat is now part [...]

Bharti Wal-Mart Pvt Ltd, the 50:50 joint venture between Wal-Mart Stores –the world’s largest retailer– and Bharti Enterprises– India’s largest mobile service provider– is looking at either the West or the South zone for expansion of its ‘Cash and Carry’ wholesale centres.
The JV has already launched its first C&C store under the brand name of [...]