IndiaRetailBiz

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 [...]

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 [...]

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 [...]

Pantaloon Retail (India) Ltd., India’s largest retailer, which took a hit of 54 per cent in consolidated net profit over the previous year (consolidated net profit declining from Rs 219.3 million in FY 2007-08 to Rs 100.7 million in FY 2008-09), has in fact reported an increase of 11.59 per cent in its net profit [...]

Pantaloon Retail (I) Limited, the country’s largest listed retailer, part of Kishore Biyani-led Future group, posted 31 per cent growth in net sales for the Financial Year ended 30th June, 2009.
Net sales of the retailing company, which operates several multi-format retail chains across segments, for the year (2008-09) reached Rs 7,669 crore compared to Rs [...]

Shoppers’ Stop, a leading multi-format, multi-products lifestyle retailer with several retail chains under its belt, according to vice chairman B.S. Nagesh, has put off its plans to raise funds through a Rights Issue as it does not require cash for the moment.
“As of now the Rights Issue we had planned is not happening. Whenever we [...]

Sabka Bazaar, a Delhi-based food and grocery retail chain that operates around 100 stores in and around Delhi, is reported to be facing difficulties in getting supplies of merchandise from vendors. The supplies appear to have evaporated as the customer find ‘empty’ or near ‘empty’ shelves when they visit stores of the supermarket format chain [...]

“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, [...]

Onam, the biggest harvest festival of Kerala marking the homecoming of legendary King Mahabali, despite clouds of global recession still hovering on the sky, is being celebrated with traditional gaiety, festivity, and feeling of happiness.
While, Supplyco (Kerala State Civil Supplies Corporation), a state government retailer, has planned to celebrate the festival beginning the 28th August, [...]