IndiaRetailBiz

Close on the heels of reports of some of the large and well known, retail chains closing, downsizing, and restructuring some of their retail stores, comes the news of Reliance Retail, on of the country’s largest retailers, closing 25 of its food & grocery stores.
More importantly, the company , according to a Financial […]

Notwithstanding the record growth of 87 percent in festive sales registered by value format retail chains of Kishore Biyani-led Fortune group during festive month of October this year or Spencer’s Retail also recording highest sales this Dhan Teras (an auspicious day during festive period), Diwali was not such a cheerful period for Mukesh […]

Subhiksha, the country’s largest food, grocery, and pharmacy retail chain, according to R.Subramanian, its Chairman and Promoter, has stopped selling fresh foods like fruits and vegetables from its stores.
This move, according to Subramanian, is a specific market strategy initiative of of the company.
Subhiksha’s fruits and vegetables business is an “add-on” business for its core […]

Subhiksha, the Chennai-based pan-India, small format, no frills, discount, food, grocery and pharmacy chain, which also operates a discount telecom chain, faced with the adverse impact of ecomic turbulance, has decided to go slow on its diversification and expansion plans.
The retailer had earlier announced diversification in the area of consumer durables. According […]

“Consumers are spending more on value for money products. All categories in food and fashion are doing well. In fact, the same store growth of 50 per cent in value formats is a record increase for us.” — Kishore Biyani, CEO, Future Group.

While, the entire world is battling with unprecedented decline in […]

Big ticket retailers have begun to feel the heat of economic meltdown as they are finding it hard to raise resources from capital markets.
Only last week, Shoppers’ Stop announced paring down of the size of its Rights issue from Rs 500 crore to Rs 300 crore. Adverse market condition was cited as the reason […]

“For the time being, we are suspending our expansion. If the condition improves, we can review the situation again in another 3-6 months.”— Pradeep Jain, chairman, Parsvnath Developers Ltd.

This does not come as much of a surprise!
Parsvnath Retail, the retailing arm of Delhi-based realty developer Parsvnath Developers Ltd, according to a DNA […]

Are changing times forcing Wal-Mart– the world’s largest retailer– to change its expansion strategy, or is it the Tesco’s success with its recently launched small sized supermarket stores chain in the US called ‘Fresh & Easy’ that has made most discount retailers to rethink about store-size strategy for their food and grocery stores in the […]

China– the world’s most populous and fastest growing economy– will continue to remain most attractive investment destination for packaged food products, notwithstanding the recent toxic food scare, particularly concerning dairy food products, that were found to have contained poisonous plastic chemical malamine.
According to a new report recently released by ”just-food,” China had the largest packaged food market (US$96.2bn in 2007) in value […]

Despite lacklusture beginning in the first half of October month, major retailers are confident of increased business in the last few days of the festive month. The month of October has assumed greater significance , this year, as all major festivals of Durga Puja, Dashhera, and Diwali are occuring during this calendar month, this […]