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 [...]

Walmart Stores Inc, the world’s largest retailer, which operates a retail JV with India’s telecom behemoth Bharti Enterprises (Bharti Walmart Retail Limited), is satisfied with its results and is looking at expanding the footprint of its cash and carry stores in India. This was stated by Anand Sharma, Commerce & Industries minister of India, while [...]

Shrinkage, defined as the percentage of loss of inventory between manufacture and point of sale, is one of the major challenges facing the retail sector. Shrinkage occurs due to variety of reasons including shoplifting, employee theft, administrative errors and supplier fraud. The theft by employees, however, accounts for bulk of the loss (45 to 50 [...]

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 [...]

Bhartia’s owned “Jubilant FoodWorks Limited,” — the master franchisee of world renowned QSR (Quick Service Restaurants) pizza brand “Domino’s Pizza” in the South asia (except Pakistan)– according to media reports is looking at an IPO so as to enable one of its private equity (PE) investor JPMorgan Chase & Co, a JP Morgan Partners affiliate, [...]

Rajan Mittal, Vice-Chairman of Bharti Enterprises, which owns Bharti group’s retail arm Bharti Retail, has pitched hard for allowing foreign investment (FDI) in front-end, multi-brand, retail. Currently, there is a complete ban on inducting FDI in this segment, which accounts for bulk of retail business, in India.
FDI in retail has traditionally been opposed by small [...]

Subhiksha Trading Services Ltd.– an R Subramanian promoted, Chennai-based, grocery retailer, which for want of cash was forced to close pan-India operations of  its 1,600-odd stores discount retail chain this January, is trying its luck again to revive its operations by seeking a compromise with its creditors.
“Cash & Carry Trading (P) Ltd” –another company [...]

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 [...]

Shoppers Stop, India’s pioneering and leading listed retailer, has taken several measures, including restructuring of top organisation and cut in salaries of top honchos, to conserve cost and improve profitability.
The retailer has already reported nominal profit of Rs 7.63 crore (before interest and tax) during the first quared of this financial year compared to loss [...]

Although economy has begun to display early signs of recovery, hiring in India is not happening the way it was happening two to three years ago, before the onset of global economic crisis. (source)
According to Sanjeev Bikhchandani, Founder & CEO, Info Edge (India), which owns India’s most popular jobs website Naukri.com, while first half of [...]