IndiaRetailBiz

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 [...]

Although, current consumption of Neutraceuticals (dietary supplements) in India is a mere 0.9 per cent (Rs 4,400 crore or about $1 billion) of global consumption, market for the same, according to a joint FICCI and Ernst & Young study, is expected to increase two-fold to over Rs 9,500 crore (nearly $2 billion) in the next [...]

The Indian retail market, which is currently (2009) estimated at around US $ 450 billion, is expected to touch $ 720 billion by 2011. The organised retail sector currently estimated at $ 63 billion (14 per cent of the total) will, however, grow much faster at 40 per cent to reach $ 90 billion during [...]

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, [...]

Global investors with vast financial resources at their command have begun to feel that in the coming years India’s “consumption” story will offer more scope for investment as it will be more enduring than the currently popular “infrastructure” theme.
“Yes, both have growth today. But when you look two years down the line, [...]

GST (Goods & Service Tax)– announced to be implemented from 1st April, 2010– and possible opening of retail to foreign investment (FDI), will ensure multi-fold growth for FMCG sector in the next 10 years.
According to a FICCI-Technopak report, the sector is expected to grow 4-fold from Rs1.25 lakh crore ($25 billion) sales in 2008 to [...]

Pranab Mukherjee, the union Finance Minister, presented the annual central budget for 2009-10 on Monday, the 6th July, 2009. The budget had assumed lot of importance as it was the first budget of UPA-II, after its decisive win in the recent elections.
People were not only expecting big ticket economic reform announcements, but were also looking for a [...]

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 [...]

Global financial meltdown resulting in collapse of capital markets had its impact on India’s HNWIs (high networth individuals or dollar millionaires), as their number dwindled by 39,000 (or 31.6 per cent) from 123,000 (2008) compared to 84,000 in the previous year (2007). This is the first drop recorded for India in the past seven [...]