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 [...]

Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]

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 [...]

Vishal Retail, a listed leading retailer in the value segment, which has been reeling under severe cash crunch for long time, is planning to raise Rs 100 cr. (1 billion) via QIP route. The money so raised will be used to meet financial obligations and expand business.
The retailer is looking at expanding number of its [...]

Reeling under pressure of sharply declining operating margins and slow growth in sales, Mumbai-based, lifestyle, fashion retailer and mall developer Provogue, according to a BS report, has decided to recast its future business plans and strategies.
The company has registered a sharp decline of 500 basis points (bps) or 5 per cent in its operating margin [...]

Reliance Retail Limited– part of Mukesh Ambani-led group’s flagship Reliance Industries Limited– though happy with growth of some of its niche formats and fall in commercial lease rentals to sensible levels, is yet not ready for aggressive expansion.
Reliance, among the largest retailers in India, occupying over 3.5 million sq ft of space and operating in [...]

Despite negative footfalls since November-December last year with no signs of increase in consumer spending, Shoppers Stop may be required to begin hiring people for new stores being opened for several of its retail chains in the coming few months.
Although, Shoppers Stop, among the country’s largest department format, lifestyle retailer, is not expecting any significant [...]

“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, [...]

Pondicherry-based Hidesign, which specialises in making premium leather accessory products, across the world, given current recessionary trends following global financial meltdown, is looking at focusing on India and other emerging markets for growth of its business in coming months.
Hidesign, which has earlier entere into an agreement with Kishore Biyani-led Future group for launching a range [...]