IndiaRetailBiz

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 […]

While retail sales in the U S and the U K are struggling hard to even match growth higher than the inflation, domestic sales in China has registered a record rise of 20.2% during the two month period of January-February, 2008.
According to the National Bureau of Statistics (NBS)retail sales in the first two […]

Seiyu– the third largest Japanese operator of a number of supermarkets, shopping centers, and department stores in joint venture with the world’s largest retailer Wal-Mart, has reported big losses for the year ending December, 2007. This is the unit’s straight loss for the sixth year running.
The US retailer has invested about $2bn in Japan’s retail […]

Shoppers’ Stop, the construction major K Raheja controlled large format retailer, despite increase in sales 31.43% to Rs. 3,081.83 million during the third quarter ended December, 2007 (against Rs. 2,377.84 million, last year), has registered a sharp decline in net profit to the tune of of 88.93% compared to last year.
The net profit […]

Pantaloon Retail, the flagship company of Kishre Biyani owned Future Group, has opened 23 stores and added 700,000 sq. ft. of retail space during the second quarter ended 31st December, 2007. Thus, overall space occupied by the company as at end of the quarter has increased to 6.7 million sq.ft.
Currently, Pantaloon having […]

“This shopping season in the U.S. is off to a robust start as consumers shrug off worries about high fuel prices and weak housing.”
Close on heels of maddening rush of American shoppers in deep discount retail stores on “Black Friday,” comes the news of a record “online” spend of $733 million (21% […]

Sales of consumer durables products, particularly for highend, high tech, high cost products like LCD televisions and frost free refrigerators, during this Festive season in the country, despite CSO’s manufacturing data reports to the contrary, have been exceptionally good, according to a Hindu Business Line report.
All the leading durables brands like […]

The first Friday after Thanksgiving has been named so because retailers move into the black from this day of the year. It marks the beginning of holiday shopping seasons and accounts for as much as 5% to 8% of Christmas sales, in the U.S.
Black Friday, began on a happy note for retailers […]

Shoppers’ Stop, the country’s second largest listed retailer, owned by construction giant K. Raheja group, which beside other formats operates the flagship retail chain of 22  lifestyle, department format, large format stores across 12 cities in the country, has reported mixed performance for the second quarter ending 30th September 2007 (FY 2007-08).
While, it […]

Pantaloon Retail (India) Ltd, the flagship retailing company of the Kishore Biyani owned Future group, for quarter ending 30th September, 2007, has reported an increase of 78.5% in gross turnover during the quarter ending 30th September, 2007, over corresponding quarter in the previous year. The net sales (income from operations) at […]