IndiaRetailBiz

Pantaloon Retail (India) Ltd., India’s largest retailer, which took a hit of 54 per cent in consolidated net profit over the previous year (consolidated net profit declining from Rs 219.3 million in FY 2007-08 to Rs 100.7 million in FY 2008-09), has in fact reported an increase of 11.59 per cent in its net profit [...]

Pantaloon Retail (I) Limited, the country’s largest listed retailer, part of Kishore Biyani-led Future group, posted 31 per cent growth in net sales for the Financial Year ended 30th June, 2009.
Net sales of the retailing company, which operates several multi-format retail chains across segments, for the year (2008-09) reached Rs 7,669 crore compared to Rs [...]

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 [...]

Vishal Retail, the Delhi-based value retailer, which yesterday announced incurring net loss of Rs 114.72 crore in the last quarter (Q4) of FY 2008-09, compared to net profit of Rs 10.40 crore in (Q4) of 2007-08, has identified unrestrained expansion of its retail network as one of the main causes of its present problems.
“Unbridled expansion [...]

Vishal Retail, Delhi-based megastore (mini-hypermarket) format value retail chain, which after highly successful IPO in June 2007 was riding on growth trajectory in 2007-08, had a difficult period of performance this year.
The retailer, according to financial results, has incurred a consolidated net loss of Rs 94.49 crore for the 2008-09 financial year ending 31st March, [...]

Pantaloon Retail (India), the country’s largest multi-segment, multi-product, and multi-format, listed retailer, part of Kishore Biyani-led Future group, after a disastrous performance in December, 2008, when same-store-sales for all segments (value, life style, and home retail) declined, the performance has begun to show signs of continuous improvement for the value and lifestyle segments.
While, value (62 [...]

Koutons Retail, Delhi-based fashion retailer, which offers a range of fashion products under apparel, accessories, and footwear catagories, mostly in value segment, has reported a healthy growth of 31.91 per cent in sales over previous year (Rs 1,046.68 cr vs Rs 793.68 crore). The consolidated net profit, however, grew by only 15.01 per cent [...]

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 [...]

Pantaloon Retail India Ltd, India’s largest multi-product, multi-segment,  multi-format retailer, which has been re-christened as Future Market & Consumer Group Ltd, appears to have firmly reversed the trend of same-store declining sales.
The trend has now become visible in the past few months both in ‘value’ and ‘lifestyle’ segments. However, home retail segment comprising [...]

Pantaloon Retail, the largest listed retailer of the country, despite a healthy 21.24 per cent growth in sales (Rs 1354.34 crore) during the quarter ended 31st March, 2009, has posted less than expected rise in the nett profit for the third quarter (Pantaloon unlike most others closes its year on 30th June). The company [...]