IndiaRetailBiz

“It is quite possible for both the organised and unorganised sector retailers to co-exist and flourish,” said Rakesh Kacker, Additional Secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution. He was speaking to IANS on the sidelines of an international retail summit recently held in New Delhi.”India […]

The woes of Metro C& C, the wholly owned cash and carry subsidiary of German food and grocery giant, are not going to end soon.
Although, West Bengal’s ruling Left front constituents, All India Forward Bloc (AIFB) and CPI (M) had last week agreed to resolve their differences and renew APMC licence of Metro […]

Subhiksha, the food & grocery value retailer, in a statement, has confirmed ’setting aside’ of Maharashtra FDA’s orders against the retailer by the Hon Bombay High Court.
Maharashtra FDA, the state government’s regulatory authority for food and drugs, had asked Subhiksha to suspend operations of its warehouses at Bhiwandi (Mumbai) for 20 […]

Recently launched joint venture between the UK’s Marks & Spencer and India’s Reliance Retail in which the marquee UK retailer holds both financial and operational control has announced opening of its first store in the beginning of the next calendar, i.e., in January, 2009.”We are opening our first Marks & Spencer Reliance […]

When Louis Vuitton, President, Yves Carcelle, in Paris asked, “Why will anybody come (to India) unless they allow 100 per cent (FDI)?,” Kamal Nath, Union Minister of Commerce and Industry, replied, ”If so required, we will certainly look at it.”
Kamal Nath, according to a PTI report, was speaking while interacting with top French […]

“As the Indian consumer goes all out to seek new experiences from food and wine, installs an in-home spa and holidays in exotic destinations, modern retail is well on the way to being the key driver of the Indian economy over the next decade because India’s consumer demand is simply unstoppable.” […]

The warring Left front partners CPI (M) and All India Forward Bloc (AIFB) have decided to come to terms with each other as they resolved their differences on the renewal of APMC licence to German wholesale retailer Metro Cash & Carry for their B2B operations in West Bengal.Agricultural Produce Marketing Committee (APMC) in […]

Buddhadeb Bhattacharjee, the Chief Minister of West Bengal, is perhaps the most harried Chief Minister in India. While, on the one hand, he is trying hard to attract investment in his state by projecting it as one of the business friendly destinations in India, on the other, he is facing strident and […]

“Driving consumption across categories is essential. We need to grow the basket-size per customer.” — Peter Haden, Partner and Co-leader (Retail practice), McKinsey & Company.
Organised retail will touch $450-billion in size by 2015. Its share will expand from current 5 per cent to 14-18 per cent of the total market, says latest […]

“We see the same growth potential in India as in China.” — Henry Birr, Vice President (International Affairs), Metro AG.
Metro AG, the largest retailer of Germany, is quite bullish on prospects of retail in India as it finds growth potential of the country to be same as that of China.
Metro Cash & Carry, […]