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 [...]

Kishore Biyani, Founder and CEO, Future group, is quite fond of number 30 or similarly sounding 13. He has set the group target of Rs 30,000 crore ($6.5 billion) in sales, from 30 million sq ft by 2013. Biyani revealed the agenda for growth of his group, while delivering the keynote address on 22nd October, [...]

Consumers are returning to retail stores with a vengeance. Diwali, which this year was celebrated about a fortnight or so earlier than usual, brought cheer back to faces of harried retailers.
Compared to the boom year of 2007, which had seen a large number of serious and non-serious players entering the sector, the year 2008 turned [...]

Pantaloon Retail (India), the flagship multi-product, multi-format retail company of Kishore Biyani-led Future group, is changing gears in terms of business strategy as it is now focusing more on profits than mere growth. This was amply reflected in the last quarter (Q4) results (period ending 30th June, 2009) of the company. These results are more [...]

“Retail sales have again picked up and we are more or less back to the same level as we were before the global crisis broke out,” said Kishore Biyani, Founder and CEO of Future group.
Accordingly, Pantaloon Retail (Future group’s retail arm), which operates several multi-format, multi-product, retail chains in value, lifestyle, and home retail segments, [...]

GST (Goods & Service Tax)– announced to be implemented from 1st April, 2010– and possible opening of retail to foreign investment (FDI), will ensure multi-fold growth for FMCG sector in the next 10 years.
According to a FICCI-Technopak report, the sector is expected to grow 4-fold from Rs1.25 lakh crore ($25 billion) sales in 2008 to [...]

Global financial meltdown resulting in collapse of capital markets had its impact on India’s HNWIs (high networth individuals or dollar millionaires), as their number dwindled by 39,000 (or 31.6 per cent) from 123,000 (2008) compared to 84,000 in the previous year (2007). This is the first drop recorded for India in the past seven [...]

After having been pushed down to second rank on A T Kearney’s Global Retail Development Index (GRDI) in 2008, India has bounced back to rank number 1, on the Index (GRDI) for 2009.
GRDI is an annual study of 30 emerging markets that ranks attractiveness of these markets for retail investment. The annual ranking reflects on the urgency (potential) for retailers [...]

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 [...]

Indian retail sector should be regulated by a single authority, says industry body Assocham. Currently, multiple authorities are entrusted with the task of regulating the emerging sector.
According to a survey of 150 organised (modern) retailers conducted by Association, an ovewhelming 95 per cent of them are opposed to their sector being regulated jointly [...]