IndiaRetailBiz

“We are now on a sustainable growth and profit path.” — P M Sinha, Chairman, Bata India.

Bata India, the country’s largest and oldest organised footwear retailer, which with sales of 867 cr. and net profit of Rs. 47 crore turned around its fortunes in 2007, is hoping to sustain the buoyancy in […]

“Reliance Retail is well on track to create significant value creating platform, generate employment opportunities and trigger a socio economic transformation particularly in rural India.” — Mukesh Ambani, Chairman, Reliance Industries Limited, while addressing the 34th AGM of the company’s shareholders.

“We have addressed the challenges which we faced last year in its […]

Lifestyle, a part of the Dubai-based over 30 years’ old Landmark group, which has achieved a position of eminence in the field of retailing in the middle East, is operating a chain of department and other format stores in India. The department stores chain which currently operates 14 stores under ‘Lifestyle’ brand in India, […]

Koutons Retail, which raised capital through IPO last September, has announced sales of Rs 371.2 crore and net profit of Rs 35.5 crore for the fourth quarter ended March 31, 2008.
As the company was listed only six months back, no comparable figures are available for the previous period.
According to D.P.S. Kohli, Chairman, […]

Madura Garments, the branded apparel division of Kumar Mangalam Birla-led Aditya Birla Nuvo, which retails branded apparel under several lifestyle and value brands like Allen Solly, Louis Phillipe (lifestyle) and Peter England (value), has crossed the major milestone in sales of Rs. 1,000 crore this year.
The annual turnover of the country’s largest branded apparel […]

Vishal Retail, the apparel, FMCG and home products discount retailer, which raised capital from public for its expansion through a highly successful IPO in June, 2007, has posted excellent performance on almost all sales, financial, and other growth parameters, far exceeding the targets set in the offer document.
Vishal to begin with has not only […]

Wal-Mart, the Bentonville (Arkansas)-based world’s largest retailer, despite sluggish consumer spending forecasts in the face of difficult world economy, continued to maintain its top ranking in the coveted list of Fortune-500 companies of America.
It is noteworthy that Wal-Mart, thanks to its policy of 20%-odd cut in prices of toys and electronic […]

Pantaloon Retail (India), the country’s Kishore Biyani owned largest listed retailer, which operates in both ‘value’ and ‘lifestyle’ space, has announced all round growth in its financial and operational performance for the third quarter ended March 31, 2008. Pantaloon’s Financial year starts from July 1 and ends on June 30, unlike […]

Shopper’s Stop, the large format, premium fashion and lifestyle department stores retail chain, which only two days ago in a Rs. 20 crore ($5 million) image makeover exercise, among others, unveiled a new logo, launched recyclable green bags, and distributed 150,000 Neem seed sachets, launch its own ‘in-store’ radio station, created store […]

Reliance Industries Limited, the Mukesh Ambani-led largest private sector company of the Reliance group, which owns retail vertical known as Reliance Retail Limited, announced its annual financial results for the year ended March 31, 2008, on 21st April, 2008.
While, the company announced overall net profit for the financial year 2007-08 leap frogging 63% to […]