All India articles – Page 9

  • News

    Reliance Retail in push for value formats


    Reliance Retail is implementing a five-year plan to grow its value formats, including Reliance Fresh, Reliance Super and Reliance Mart. Through the programme, the company is adopting the tagline ‘Aapki Khushi Hamari Khushi’ (your happiness is our happiness) and said it will strengthen the presence of multi-formats and other retail ...

  • Bungalow Eight

    How to crack the challenge of retail in India

    May 14, 2010

    India is a market in transition, where organised retail has only recently made inroads. But how can retailers tap this burgeoning market and what are the pitfalls? John Ryan reports from Mumbai

  • News

    Body Shop to expand in India


    Body Shop has announced plans to increase its number of stores in India from the current 30 to 150 by the end of 2012. Jonathan Price, managing director of Body Shop International (Asia Pacific), said: “The Indian market is very important for us. It was the fastest growing in the ...

  • Ted Baker

    Ted Baker sets sights on India despite global trading challenges


    Ted Baker is targeting India as it continues to expand into new markets.

  • News

    Shoprite confirms plan to exit India


    Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India. Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable. The retailer has been operating a hypermarket ...

  • News

    Future Group in talks for foreign tie-ups


    Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani. He would not name the overseas retailers being considered for a tie-up, ...

  • News

    Shoprite to sell Indian operations to Future Group


    Shoprite is preparing to sell its operations in India to Future Group, according to unconfirmed reports in the local media. It has been rumoured that Future Group is ready to buy the Shoprite store in Mumbai, and take on the employees there. Shoprite has reportedly called off its franchisee deal ...

  • News

    Pantaloon Retail reports profits


    Pantaloon Retail reported INR500.7m (£6.8m) net profit for the second quarter ended December 2009, a 51.1% increase on the previous year. Income from operations stood at INR19.13bn (£258.9m), a 25.4% jump.

  • News

    Future Group opens 900 stores


    Future Group plans to dramatically expand its KB’s Fair Price discount grocery fascia, opening up to 900 stores. Locations for the new sites have yet to be finalised; the retailer is expected to expand its presence in regions it already operates in such as Delhi, Mumbai and Bangalore. Customer director ...

  • News

    Walmart plans to open a further 40 stores in India


    Walmart plans to open a further 40 stores in India, according to Indian commerce and industry minister Anand Sharma. “Walmart is very satisfied with its results in India. I was informed by the Walmart CEO that they are looking at opening more stores. He gave me a figure of 40 ...

  • News

    Spencer’s to focus on hypermarkets and private labels to improve profitability


    Food and general merchandise retailer Spencer’s is to focus on hypermarkets and private labels in an attempt to improve profitability. The retailer, which is owned by Indian conglomerate RPG Group, will invest INR1bn (£12m) in rolling out 10 hypermarkets and 15 small-format stores this financial year. It also wants to ...

  • India_mothercare.JPG

    Mothercare to extend Indian stores network


    Mothercare has signed a second joint venture in India, with DLF Brands, the retail division of a local property giant, to accelerate its expansion there.

  • Mothercare signs new joint venture to further growth in India

    Mothercare signs new joint venture to further growth in India


    Mothercare has signed a new joint venture with DLF Brands to further its expansion plans in India.

  • News

    Pantaloon Retail reported total group income rose 31%


    India-based Pantaloon Retail reported total group income rose 31% to INR76.69bn (£1.01bn) in its financial results for the year ended June 30. Net profit after minority interest declined sharply from INR219.3m (£2.9m) in the previous year to INR100.7m (£1.3m). The group is expecting to achieve 35% to 40% sales growth ...

  • News

    Pantaloon Retail sales up 31%


    Pantaloon Retail’s net sales rose 31% to INR76.69bn (£994.8m) for the year to June 30. Net profit at the group, which is Indian’s largest retailer, plummeted from INR219.3m (£2.84m) the year before to INR100.7m (£1.3m). The decline was primarily due to rising employee costs, depreciation and interest charges. Kishore Biyani, ...

  • News

    Shopper’s Stop managing director moves to non-exec role


    BS Nagesh, managing director at K Raheja-owned multi-format retailer Shopper’s Stop, is leaving his role and moving into a non-executive position as vice-chairman of the company. As part of a company wide succession planning process Shopper’s Stop chief executive Govind Shrikhande will take over managing director duties from Nagesh and ...

  • News

    Best Denki set for expansion in India and Middle East


    Consumer electronics retailer Best Denki will team up with Indonesian construction company Bangun Persada Tata Makmur to open stores in India and the Middle East over the next three to five years The retailer already has 45 overseas stores in eight countries outside Japan, including Singapore and Malaysia, and runs ...

  • News

    Bharti Retail to open up to 100 EasyDay stores


    Bharti Retail plans to open between 75 and 100 EasyDay stores in 25 cities in northern India by the end of this financial year. The retailer said it will focus on a mixture of small and medium-sized formats in “tier 1 and tier 2” cities. Bharti Retail is also planning ...

  • News

    Indian government confirms commitment to protecting smaller retail businesses


    The Indian government has confirmed its commitment to protect smaller retail businesses in a move some suggest signals that the retail sector in the country will not be opened further. India’s minister of state for commerce Jyotiraditya Scindia said: “The government is fully committed to securing the legitimate interests of ...