IndiaRetailBiz

Shoppers Stop, leading lifestyle retailers of the country, is going to invest Rs 250 crore to expand its department store format, lifestyle, retail chain operating under the same brand name.
Founded in 19991 by K Raheja group, Shopper’s Stop, currently operates around 27 stores and occupies a total retail space of 1.88 million sq ft. It [...]

Kishore Biyani-led Future Group, which through its retail arm Pantaloon Retail is currently the country’s largest retailer, is looking at raising resources through various options, to fuel its growth ambitions.
Pantaloon Retail, which operates several multi-format, multi-products retail chains across segments, is expecting to achieve annual revenues of more than Rs 10,000 crore (over $2 billion) [...]

Shoppers’ Stop, a leading multi-format, multi-products lifestyle retailer with several retail chains under its belt, according to vice chairman B.S. Nagesh, has put off its plans to raise funds through a Rights Issue as it does not require cash for the moment.
“As of now the Rights Issue we had planned is not happening. Whenever we [...]

Aditya Birla Retail Ltd, (ABRL) — a retail initiative of multi-faceted Kumar Mangalam Birla group– which closed 107 under or non-performing stores in the past few months, is back on expansion mode. ABRL is currently operating 642 supermarket stores and five hypermarket stores across 12 states occupying 1.9 million sq ft of retail space.
After setting [...]

Despite negative footfalls since November-December last year with no signs of increase in consumer spending, Shoppers Stop may be required to begin hiring people for new stores being opened for several of its retail chains in the coming few months.
Although, Shoppers Stop, among the country’s largest department format, lifestyle retailer, is not expecting any significant [...]

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 [...]

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 [...]

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 [...]

Pantaloon Retail, the country’s largest muli-format, multi-products, listed retailer, part of Kishore Biyani-led Future group, has decided to severe its commercial ties (joint ventures) with Planet Retail Holdings and Blue Foods.
Planet Retail Holdings Pvt. Ltd., a joint venture between Kishore Biyani  (49 per cent) and V N Sharma (an Indonesian resident of Indian [...]

Pantaloon Retail, the flagship retail company of Kishore Biyani-led Future group, which recently deferred its restructuring plans, is going aggresively on expanding its business in the value segment, which accounts for over three-fifth (60 per cent) of the company’s overall retail business.
Pantaloon, which until May end operated 114 ‘Big Bazaar’ stores and 156 [...]