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, [...]
Entries Tagged as 'Retail Trends'
Kishore Biyani sets ‘Future’ target of Rs 30K cr sales from 30 mn sq ft by ‘13
October 24th, 2009 · No Comments
Tags: Economy · Events/ Happenings · Indian Owned · Kishore Biyani (Future Group) · Lifestyle Segment · Multi-format · Multi-product Categories · Retail Research · Retail Trends · Value Segment · Views/ Opinions
Diwali brings cheer back to retailers; ‘durables’ and ‘home’ retail sales show highest growth, while ‘fashion’ sales too are buoyant
October 22nd, 2009 · No Comments
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 [...]
Tags: Advertising, Promotions, Pricing, PR · Consumers/ Behaviour · Economic Slowdown · Economy · Kishore Biyani (Future Group) · Lifestyle Segment · Mukesh Ambani (Reliance) · Multi-format · Retail Research · Retail Trends · Shoppers' Stop/ HyperCity · Specialty/ Concept stores · Views/ Opinions
Beware! Large retailers join hands to curb employee thefts, create blacklist of errant personnel
October 12th, 2009 · 1 Comment
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 [...]
Tags: HR/ Employment · Legal · Retail Trends
Pantaloon focuses more on profits than growth; adds 1.8 mn sqft in FY09 compared to 2.8 mn. in FY08
October 2nd, 2009 · No Comments
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 [...]
Tags: Indian Owned · Kishore Biyani (Future Group) · Lifestyle Segment · Multi-format · Multi-product Categories · Property/ Realty · Retail Research · Retail Strategy · Retail Trends · Value Segment
Pantaloon’s ’standalone’ sales grow 26% as net profit increase by 12%; share prices flare up on rise of margins
September 30th, 2009 · 1 Comment
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 [...]
Tags: Indian Owned · Kishore Biyani (Future Group) · Lifestyle Segment · Multi-format · Multi-product Categories · Results (Sales/ Financial) · Retail Trends · Value Segment
Pantaloon reports Rs 7,669 cr sales in ‘09; profits nosedive 54% despite 31% growth in sales
September 28th, 2009 · No Comments
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 [...]
Tags: Indian Owned · Kishore Biyani (Future Group) · Lifestyle Segment · Multi-format · Multi-product Categories · Research/ Analysis/ Stats/ Trends · Results (Sales/ Financial) · Retail Trends · Value Segment
Shoppers Stop to fund expansion through accruels; scraps proposed rights issue to raise additional resources
September 18th, 2009 · No Comments
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 [...]
Tags: Capital/ PE/ IPO · Department Store · Expansion/ New Investment · Hypermarket/ Supercentre · Indian Owned · Lifestyle Segment · Multi-format · Multi-product Categories · Property/ Realty · Retail Trends · Shoppers' Stop/ HyperCity · Views/ Opinions
Spinach’s “Sabka Bazaar” facing cash crunch? Customers find ‘empty’ or ‘near-empty’ shelves
September 8th, 2009 · No Comments
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 [...]
Tags: Convenience Store · FMCG · Food and Grocery · Indian Owned · Retail Trends · Supermarkets/ Megastores · Value Segment
Future group has begun hiring again with pick up of retail sales, says Biyani
August 28th, 2009 · No Comments
“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, [...]
Tags: Economic Slowdown · Economy · Events/ Happenings · HR/ Employment · Kishore Biyani (Future Group) · Policies/ Government · Retail Research · Retail Trends · Views/ Opinions
Kerala retailers gear up for ‘Onam’ sales; offer gifts, draws, shopping bonanzas to lure customers
August 26th, 2009 · No Comments
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, [...]
Tags: Advertising, Promotions, Pricing, PR · Brands/ Strategy · Economic Slowdown · Events/ Happenings · Lifestyle Segment · Luxury Segment · Multi-format · Multi-product Categories · Retail Trends · Value Segment
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