IndiaRetailBiz

@Home stores, the home furnishing retail chain of India’s largest, Rs 1,000 crore. moulded furniture manufacturer, Nilkamal Ltd, is planning aggressive expansion of its retail network from 15 stores to 65 stores in the next three years (2012-13). @Home retail chain was set up by the company two years ago.
Currently, @Home stores are located in [...]

Reliance Retail Limited– part of Mukesh Ambani-led group’s flagship Reliance Industries Limited– though happy with growth of some of its niche formats and fall in commercial lease rentals to sensible levels, is yet not ready for aggressive expansion.
Reliance, among the largest retailers in India, occupying over 3.5 million sq ft of space and operating in [...]

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 [...]

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 [...]

‘Green Design Studio,’ a brand shop that aims to cater to all interior surfacing needs of customers, recently opened its second exclusive retail store in Delhi.
Green Design Studio, which had opened its first outlet at Bangalore in April this year, is a one-stop shop for a wide array of over 500 designs of laminate [...]

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 [...]