IndiaRetailBiz

Reliance Retail, a retail initiative of Mukesh Ambani-led Reliance Industries, which in the past has faced many political hurdles in West Bengal, may afterall revive its retail business in the state “in a
major way” according to Tarun Jhunjhunwala, President of Reliance Industries, who was speaking to reporters in Barasat (WB).
“We are currently working on how [...]

Subhiksha Trading Services Ltd.– an R Subramanian promoted, Chennai-based, grocery retailer, which for want of cash was forced to close pan-India operations of  its 1,600-odd stores discount retail chain this January, is trying its luck again to revive its operations by seeking a compromise with its creditors.
“Cash & Carry Trading (P) Ltd” –another company [...]

Bharti Wal-Mart, which began its India operations with opening of cash and carry (B2B) wholesale store under the banner of “Best Price Modern Wholesale” in the holy city of Amritsar in Punjab, has also begun partenering with the government (PPP) as well as large multi-national private sector corporates to undertake projects of social importance.
Bharti walmart [...]

Sabka Bazaar, a Delhi-based food and grocery retail chain that operates around 100 stores in and around Delhi, is reported to be facing difficulties in getting supplies of merchandise from vendors. The supplies appear to have evaporated as the customer find ‘empty’ or near ‘empty’ shelves when they visit stores of the supermarket format chain [...]

The Madras High Court, on Friday the 28th, dismissed a scheme of arrangement filed for revival of Chennai-based food & grocery discount retail chain Subhiksha. The scheme was filed by N Srinivasan of Cash and Carry Wholesale Traders Private Limited. Srinivasan is a director of the subsidiary company of Subhiksha Trading Services.
In another blow of [...]

Aditya Birla Retail, the retail arm of Kumar Mangalam Birla-led A V Birla group, is expecting to leap frogging its annual turnover from Rs 1,130 crore last fiscal (2008-09) to Rs 1,600 crore this fiscal (2009-10).
The growth of about 42 per cent, according to the company’s chief executive officer Thomas Varghese, will be achieved through [...]

Although, Ram Chandra Agrawal-led Vishal Retail, which went public in July 2007, could succeed in bringing down its quarterly losses from Rs 115 crore in Q4 2009 (ending March, 2009) to Rs 90 crore in Q1 2010 (ending June, 2009), it is continuing to struggle hard to come out of the financially difficult situation.
While, the [...]

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 [...]

B S Nagesh, the public face of India’s leading department format retail chain and managing director of Shoppers Stop, who has been working with the company since its inception in 1991, is taking over as Vice Chairman of the company, from today.
Founded 19 years ago on the 27th October, 1991 with the unveiling of its [...]

The last-ditch attempt of cash starved Chennai-based discount food, grocery, and telecom retailer Subhiksha to revive operations of its value retail chain appears to be becoming more and more difficult with every passing day. According to reports, counsel of its main lender ICICI Bank has told the Madras High Court, where many legal cases against [...]