IndiaRetailBiz

Reliance Industries Limited (RIL), the flagship company of Mukesh Ambani-led Reliance group, has identified retail as one of the five main areas of growth for future. Apart from retail, core areas of conventional energy and hydrocarbons as well as as rural transformation and innovations (like non-woven fibres for wallpaper and paper for currency), have also [...]

Walmart Stores, world’s largest multi-brand retailer with over $400 billion in annual sales and operations under 53 banners across 15 countries (including India), is lobbying hard for change of policy on foreign direct investment (FDI) in multi-brand retail in India.
Currently, while no FDI is allowed in the multi-brand segment of retail operations, up to 51 [...]

Kishore Biyani, Founder and CEO, Future group, is quite fond of number 30 or similarly sounding 13. He has set the group target of Rs 30,000 crore ($6.5 billion) in sales, from 30 million sq ft by 2013. Biyani revealed the agenda for growth of his group, while delivering the keynote address on 22nd October, [...]

Consumers are returning to retail stores with a vengeance. Diwali, which this year was celebrated about a fortnight or so earlier than usual, brought cheer back to faces of harried retailers.
Compared to the boom year of 2007, which had seen a large number of serious and non-serious players entering the sector, the year 2008 turned [...]

Walmart– the world’s largest big box retailer– which operates in India via its 50:50 JV with India’s private telecom giant Bharti group, is keen on expanding its operations in India. According to S Robson Walton, its chairman, the retailer is also looking at expanding its presence in China.
“Internationally, we’re focusing on larger markets. China is [...]

Beating slowdown blues, this festive period appears to have brought a lot of smiles on faces of luxury goods retailers, particularly luxury car retailers in Gujarat.
The Dussehra day is turning out to be a bonanza time for retailers as Gujaratis, who prefer to buy vehicles, houses, and other expensive durables on this auspicious day, are [...]

“Retail sales have again picked up and we are more or less back to the same level as we were before the global crisis broke out,” said Kishore Biyani, Founder and CEO of Future group.
Accordingly, Pantaloon Retail (Future group’s retail arm), which operates several multi-format, multi-product, retail chains in value, lifestyle, and home retail segments, [...]

Spencer’s Retail, a Sanjiv Goenka-led retail arm of RPG group, which once ran a multi-format retail chain of around 400 stores, has trimmed down its operations in the last one year to bring down the number of its stores to 264.
The business, which was badly affected due to decline in demand as a consequence of [...]

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 [...]

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, [...]