IndiaRetailBiz

Reliance Autozone, one of Reliance Retail’s speciality formats, launched its sixth store at Toli Chowki in Hyderabad on Friday, the 9th October, 2009. Apart from its new store at Hyderabad, the retailer niche retailer is operating five more standalone stores at Gurgaon, Jaipur, Ghaziabad, Jamnagar, Mumbai. Reliance Autozone is also operating three shop-in-shop format retail [...]

Reeling under pressure of sharply declining operating margins and slow growth in sales, Mumbai-based, lifestyle, fashion retailer and mall developer Provogue, according to a BS report, has decided to recast its future business plans and strategies.
The company has registered a sharp decline of 500 basis points (bps) or 5 per cent in its operating margin [...]

Pondicherry-based Hidesign, which specialises in making premium leather accessory products, across the world, given current recessionary trends following global financial meltdown, is looking at focusing on India and other emerging markets for growth of its business in coming months.
Hidesign, which has earlier entere into an agreement with Kishore Biyani-led Future group for launching a range [...]

Spencer’s Retail, among the country’s oldest and leading retailers, unveiled a new Shop-In-Shop (SIS) format Gourmet store in Kolkata on Thursday.
“In India there is a propensity for good food. It may not be a volume market but would be a niche market, which is expected to grow with time. This store would cater to a [...]

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 [...]

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) [...]

Vishal Retail, among the country’s top five listed retailers, which operates 183 megastore across the country, in value segment, has appointed two new independent directors int company’s Board meeting held on the 12th June, 2009.
The new directors, as communicated by Delhi-based company to the Bombay Stock Exchange, are Seema Kukreja and Sandeep [...]

Kishore Biyani-led Future group, India’s largest, listed, modern retailer, according to a statement made on Monday, is undertaking an internal exercise to consolidate some of its stand-alone store formats by moving them as ’shop-in-shops’ outlets into large format stores, reports PTI. The standalone stores of books retail chain “Depot” are also being converted [...]

Aditya Birla Retail, a retail initiative of Kumar Mangalam Birla group, which began operations in 2007 after acquiring operations of Hyderabad-based Trinethra superstores retail chain, according to an ET report, is believed to have incurred a net loss of Rs 534 crore on sales turnover of Rs 1,030 crore in 2008-09.
The company [...]

Turtle Ltd, Kolkata-based fashion apparel maker that specialises in sale of ‘mass premium’ menswear and accessories, under ‘Turtle’ brand, is close to completing the process of  strategic stake transfer to Kishore Biyani-led Future group within one month. The apparel company, owned by Landasaria family, has for quite sometime been in talks with Future group for strategic [...]