Sellers of consumer durables such as Vijay Sales and Infiniti Retail will offer discounts of around 15% to 20% along with cash backs and freebies this festive season, managements of these companies have indicated to FE.
Even after having been around for a decade, most brick and mortar grocery chains are struggling to be profitable. While the kiranas retain their supremacy, e-retailers such as Bigbasket and Grofers have become increasingly po
Future Consumer, which reported revenues of Rs 3,005 crore in 2017-18, plans to expand its confectionery and dairy range to drive growth, Kishore Biyani, group chief executive officer, Future Group, told FE.
In what could spoil the party for theatre and multiplex owners, the Maharashtra government on Friday said that there’s no restriction on moviegoers on taking food articles from outside and consuming them inside the cinema h
Godrej Natures Basket, a gourmet and fresh food store, which is a 100% subsidiary of Godrej Industries, is open to having a strategic partnership with a foreign retailer through a tie-up, stake sale or joint venture, without
Coffee Day Global which owns cafe chain Cafe Coffee Day, a subsidiary of Coffee Day Enterprises, has shut 90 small format stores in FY18 and plans to refurbish around 150-175 stores in FY19, VG Siddhartha, chairman and managi
The retail arm of Aditya Birla Group, Aditya Birla Fashion and Retail (ABFRL, formerly known as Pantaloons), will add 350 stores in FY19 across formats while it plans to shut around 3-4% of its loss-making stores to focus on
With losses declining sharply in FY17, Tata Group-owned Infiniti Retail, which owns the electronics and white goods retail chain Croma, is hoping to break even both at the operating level and at the net profit level in FY18.
In a re-jigging of its store network, Reliance Retail has shut around 100 Reliance Fresh stores over the past two years or so, with the shutters having been downed for 20 of them in the past 12 months.