Jharna Mazumdar

Discount war: Offline retailers take on online biggies, declare 15-20% price cut, freebies and cash backs

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.

Industry News

Shut shop and relocate – the new retail policy to cut losses

More than 500 stores have been shut in the last couple of years by brick and mortar retailers across formats, as they focus on improving profitability, cutting rental costs and cautious expansion.

Industry News

Walmart-Flipkart deal set to trigger more offline-online marriages as competition in retail space picks up

Walmart’s $16-billion investment in homegrown e-commerce startup Flipkart could see more partnerships between online and brick and mortar retailers as the competition in the retail space picks up.

walmart, flipkart News

Trent Hypermarket to exit Amazon Prime Now

Trent Hypermarket was selling its products on the Amazon Prime Now platform, but hasn’t received the kind of response it had been hoping for.

Industry News

E-retail could give brick and mortar grocers like Spencers, Trent the break they need

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

Industry News

Avenue Supermarts may add 60 stores over next 2 years

Avenue Supermarts is planning to add around 50 to 60 stores over the next two years, of which more than 75% of the stores will be located in the existing clusters.

Industry News

Lifestyle will add 12-15 more stores in FY19 for Rs 100-150 crore, says MD of Lifestyle International

Lifestyle, which is part of Dubai-based retail and hospitality conglomerate The Landmark Group, is planning to add 12-15 stores at an investment of Rs 100-150 crore in FY19.

Lifestyle will add 12-15 more stores in FY19 for Rs 100-150 crore, says MD of Lifestyle International

Expansion plans: CCD to add 125 outlets by March next year

The company shut down 10 cafes in the three months to June but will add between 125 and 135 outlets by March next year, the management has indicated.

cafe coffee day, Coffee Day Global, ccd expansion, March News

Sales: A season that never wanes

Fatigue due to year-long discounts renders season-end sales unattractive.

sales, industries News

With Fonterra, Future Consumer will enhance its portfolio, says group CEO of Future Group

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.

Industry News

Maharashtra order: State takes big bite out of theatre business

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

Industry News

Zara India reports 72% rise in FY18 profit

Zara India reported 72% increase in its profit to Rs 82.59 crore in FY18, driven by strong sales and lower price points that helped the company acquire new customers.

zara, zara industries News

Plan to add 20 hypermarket stores; will invest Rs 45-50 crore in FY19, says Shashwat Goenka of Spencer’s Retail

Spencer’s Retail, the retail arm of RP-Sanjiv Goenka Group flagship CESC, plans to add 20 new compact hypermarket stores, and will invest around Rs 45-50 crore in FY19.

Industry News

Thai chain to open two wholesale cash-and-carry outlets in NCR

Lots Wholesale Solutions is all set to launch its initial two wholesale cash-and-carry outlets in Delhi-NCR within 2018, the first of which will be launched in July.

Markets News

Why retailers are flocking to tier II, III towns for expansion

Rising incomes, increasing awareness and high aspirations in rural areas spell big opportunity for several retailers who are making a beeline for tier II and tier III towns.

retailers, retail therapy, tier two town, tier three town News

Any retailer offering products that are value for money can’t go wrong, says IKEA India deputy country manager

Swedish furniture retailer IKEA is all set to open its first store in Hyderabad next month and a second one in 2019. IKEA India deputy country manager.

Industry News

Retail sector: Avenue Supermarts emerges as top performer

Same-store sales growth remained flat for most companies in FY18, mostly due to de-stocking across categories on GST implementation.

Industry News

We plan to open around 40 stores, says CMD of V-Mart Retail

Multi-brand value retail chain, V-mart retail, plans to shut around 5-6 non-performing stores while it would look at opening around 40 stores in the country in FY19.

Industry News

‘Open to partnership with foreign retailer’

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

Industry News

CCD shuts 90 stores in FY18, plans to refurbish 175 in FY19

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

Coffee Day Global, Cafe Coffee Day, SSSG, EBIDTA, Venu Madhav, Cafe Coffee Day stores to shut down, Coffee Day Global owned cafe chain News

Will add 350 stores in FY19, shut down 4% of loss-making ones, says MD of Aditya Birla Fashion and Retail

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

Aditya Birla Fashion and Retail, Pantaloons, GST, Goods and Service Tax News

Shoppers Stop’s focus will be on profitable growth in FY19, says MD Govind Shrikhande

Govind Shrikhande, MD, Shoppers Stop, told Jharna Mazumdar of FE the company plans to add only five stores in 2018-19 as it is focusing on profitable growth rather than just adding stores.

shoppers stop industry, economy News

Croma is launching a smaller format – Gadgets of Desire, says CEO of Infiniti Retail

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.

croma., amit gupta News

Consolidation path: Reliance Retail rejigs store network

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.

The move, coupled with new stores in more attractive catchment areas, should help arrest losses. News

Shutter down: Trent shuts all 20 Star Daily stores

High rentals made the smaller store format unviable for the Tata Group-Tesco JV.

star daily, star daily stores, star daily stores in india News

Revealed: Why Shoppers Stop is shutting more stores

In a bid to improve its profitability, retail chain Shoppers Stop has shut at least five loss-making stores (across formats) in FY18, while it has re-sized a few.

Shoppers Stop, Shoppers Stop stores, Shoppers Stop stores shutting, Shoppers Stop loss News

Men outnumber women in shopping: Study

Male shoppers outnumber their female counterparts, a study has revealed, in a stark contrast to the general perception.

shopping, study on shopping men outnumber women in shopping News
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