IndiaRetailBiz

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 [...]

Crossword, the country’s leading leisure and entertainment products chain, which sells books, music, gifts, toys, and games, among others, has added two more stores.
With the opening of the two new stores– one each at Bangalore (franchisee) and Shopper’s Stop, Hyderabad (shop-in-shop), the tally of “Crossword” stores across the country has gone up from 53 to [...]

Reliance Retail, a retail initiative of Mukesh Ambani-led Reliance Industries, which in the past has faced many political hurdles in West Bengal, may afterall revive its retail business in the state “in a
major way” according to Tarun Jhunjhunwala, President of Reliance Industries, who was speaking to reporters in Barasat (WB).
“We are currently working on how [...]

Reeling under pressure of sharply declining operating margins and slow growth in sales, Mumbai-based, lifestyle, fashion retailer and mall developer Provogue, according to a BS report, has decided to recast its future business plans and strategies.
The company has registered a sharp decline of 500 basis points (bps) or 5 per cent in its operating margin [...]

Pantaloon Retail (India), the flagship multi-product, multi-format retail company of Kishore Biyani-led Future group, is changing gears in terms of business strategy as it is now focusing more on profits than mere growth. This was amply reflected in the last quarter (Q4) results (period ending 30th June, 2009) of the company. These results are more [...]

Shoppers’ Stop, a leading multi-format, multi-products lifestyle retailer with several retail chains under its belt, according to vice chairman B.S. Nagesh, has put off its plans to raise funds through a Rights Issue as it does not require cash for the moment.
“As of now the Rights Issue we had planned is not happening. Whenever we [...]

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 [...]

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 [...]

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 [...]

In a year when most international retailers continued not just internationalise, but to also globalise – 40 per cent of all new store openings in 2008 were opened outside the retailer’s home region– India has ranked 39th on preferred destination, among a survey of 67 countries done by the global real estate service provider CB Richard [...]