IndiaRetailBiz

R Subramanian, Promoter, Founder, and Managing Director of Subhiksha Trading Services, which operates India’s largest no-frills, small format, deep discount, food, grocery, pharma and telecom retail chains under the umbrella brand of Subhiksha, is an angry and harassed man these days. He has been forced to simultaneously fight on several fronts.
He, for […]

Indiabulls Retail (erstwhile known as Pyramid), after having been acquired a few months ago from Piramals by financial services and real estate major Indiabulls, was until recently one of the fastest growing retail chain operating two formats called Indiabulls Megastore — a lifestyle format– and Indiabulls Mart– a supermarket format. Indiabulls also operates […]

Spencer’s Retail, a wholly owned subsidiary of CESC and retailing arm of over $4 billion RPG Enterprises, which currently operates 400 plus stores, 32 of which are large format Spencer’s Hyper store, is going in for a massive restructuring of its retail business. According to media reports and announcements made at CESC AGM, […]

“No notice of suspension or cancellation has been served against any Subhiksha outlet and all media reports in this regard are completely inaccurate.” — Mohit Khattar, President-Marketing, Subhiksha.

Subhiksha, the country’s largest food & grocery supermarket retail chain, facing charges of flouting hygiene regulations in Maharashtra, according to agency reports, will go through scanner […]

Spencer’s Retail, the retailing arm of RPG group, and a wholly owned subsidiary of CSEC, is pumping to Rs. 400 crore on expansion to increse the flagship chain’s turnover from Rs 1,500 crore to Rs 2,500 crore this fiscal.
“We have planned to open 300 more small stores apart from 23 hyper market stores […]

“Subhiksha has access to capital and will continue to be on the fast-track of growth. It (transaction of acquire) will also enhance value for our stakeholders and help our objective of becoming a US$ five billion company by 2011,” R. Subramanian, Promoter & Managing Director, Subhiksha Trading, while explaining its proposed acquisition […]

“We are in discussion with major retail chains to explore possibilities of a foreign and domestic collaboration for setting up various retail formats in India,” Pradeep Jain, Chairman, Parsvnath Developers.

Parsvnath Developers, the Delhi-based real estate developer, which for some time has been in the news about its diversification plans, has incorporated a […]

“It’s early days for me to predict anything, but if I see the last 60 days, the sales speak that the customers are enjoying the experience.” — Rajan Bharti Mittal, Managing Director, Bharti Retail.
Expressing satisfaction over performance of the first batch of its “Easy Day” convenience stores, launched  this April at Ludhiana in Punjab, Bharti Retail’s […]

Vishal Retail, the apparel, FMCG and home products discount retailer, which raised capital from public for its expansion through a highly successful IPO in June, 2007, has posted excellent performance on almost all sales, financial, and other growth parameters, far exceeding the targets set in the offer document.
Vishal to begin with has not only […]

“Our rollout strategy is dependent on our ability to execute. We are planning to launch more stores,” Sumant Sinha, Chief Executive Officer, Aditya Birla Retail.
Aditya Birla Retail, the retailing arm of aluminum to textiles Aditya Birla group, operating a retail chain of predominantly food and grocery stores, until March, 2008, has rolled out […]