IndiaRetailBiz

Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]

Vishal Retail, a listed leading retailer in the value segment, which has been reeling under severe cash crunch for long time, is planning to raise Rs 100 cr. (1 billion) via QIP route. The money so raised will be used to meet financial obligations and expand business.
The retailer is looking at expanding number of its [...]

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 [...]

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 [...]

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 [...]

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, [...]

Aadhaar, the erstwhile rural retail venture of Godrej Agrovat, 70 per cent equity stake of which was last year bought over by Kishore Biyani-led Future group, apart from major expansion, according to a DNA report, may also undergo across the board image makeover and repositioning of the format soon.
Aadhaar Retailing after takeover of management control [...]

Vishal Retail, Delhi-based multi-format, multi-product, value retailer, which following falling footfalls and declining purchases, for most part of the year 2008 and early 2009, has faced cash crunch, may afterall get much needed resorces.
The equity shareholders of Vishal Retail Ltd, the company which owns the retail chain, in the Extra Ordinary General Meeting (EGM) [...]