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 [...]

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 [...]

Vishal Retail, the Delhi-based value-based retailer, which operates around 170 mega-stores, across the country, has begun to succeed in tackling some of its financial problems. These problems, among others, have contributed towards the company recording heavy losses during Q4 (ended 31st March, 2009) of the financial year 2008-09 (Rs 114.73 crore) and Q4 (ended [...]

Hypercity Retail India, which operates a chain of hypermarket format retail stores under ‘HyperCITY’ brand name across India, opened its fourth store in Hyderabad, the capital city of Andhra Pradesh. Apart from Hyderabad, HyperCITY also operates three more outlets at Mumbai (2) and and Jaipur.
The new HyperCITY outlet spread over 100,000 sq ft of trading [...]

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, [...]

Reliance Digital, the consumer durables and professional elecronics format of Mukesh Ambani-led Reliance Retail, which also resells iconic Apple products through its standalone and shop-in-shop “iStore” retail format, is going in for a big expansion this year. It has prepared a blueprint to expand double the number of [...]

Keeping in tune with the Finance Minister Pranab Mukherjee’s announcement of reductions in indirect duties of customs and excise in the annual budget, manufacturers of passenger vehicles (like, Ford, Toyota, General Motors, M&M, and Mitsubishi) and  LCD flat panels (like, Samsung and LG), have begun to pass on the benefit of cuts in the [...]