Walmart shrugs aside retail links to Bharti

Walmart, the world’s largest retail chain, has referred to the Bharti Retail outlets as “franchised” in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission. While elaborating on its international business, including the cash-and-carry or wholesale stores in a joint venture (JV) […]

Dull year for retail but FDI was silver lining

It was a tough year for most retailers as domestic chains such as Reliance Fresh, Bharti Retail and Aditya Birla retail made losses. The largest retailer, The Future Group, went for a massive restructuring exercise. It tried to reduce its debt and even sold stake in some of its group companies. Most retailers downsized and […]

Dull year for retail but FDI was silver lining

It was a tough year for most retailers as domestic chains such as Reliance Fresh, Bharti Retail and Aditya Birla retail made losses. The largest retailer, The Future Group, went for a massive restructuring exercise. It tried to reduce its debt and even sold stake in some of its group companies. Most retailers downsized and […]

Retail biggies rejig operations before stake-sale

Now that the 51 per cent FDI in multi-brand retail has been approved by the Cabinet, India’s top retailers such as, the Future Group, Bharti Retail, Spencer’s Retail, Videocon’s Next Retail and Gitanjali Group are working over splitting their operations before selling stakes to foreign players. Since the decision over whether to let the foreign […]

FDI in retail: Retailers like Future Group, Bharti Retail, Spencer’s Retail & others to let in foreign firms only after rejig

KOLKATA/NEW DELHI: India’s top retailers, including the Future Group, Bharti Retail, Spencer’s Retail, Videocon’s Next Retail and Gitanjali Group, plan to split their operations before selling stakes to foreign players, which may delay the induction of fresh investments. The retailers will have to restructure operations since many of their stores are in states opposed to […]

I-Day sales bonanza may elude retailers this time

New Delhi: This year’s Independence Day sales might not generate the anticipated revenues, despite retailers trying their best to boost sales with choicest offers. Industry watchers note that the “sale period” may be bleak, as most retailers are stuck with inventory. To add to the woes, retailers cannot raise prices due to peer pressure; so, […]

Bharti Retail Launches “Freedom from Inflation” Campaign

New Delhi: easyday and easyday Market stores, owned and operated by Bharti Retail, have launched a ‘freedom from inflation’ campaign from 28 July – 15 August 2012. During the campaign, customers can avail of a wide range of quality products at low competitive prices that will enable them to save money and live better. Additionally, […]

Bharti Walmart scraps plan to start online operations

NEW DELHI: Bharti Walmart has scrapped its plans to start online operations after more than a year of preparations and dismissed Dippankar Halder who was heading the division, two people with direct knowledge of the development said. They said Raj Jain, who heads the 50:50 wholesale joint venture between the world’s largest retailer Walmart and […]

‘FDI violations by Bharti Walmart and others’

New Delhi:The Delhi High Court today sought replies of the Centre, Bharti Walmart Private Limited and Bharti Retail Limited on a plea for a probe against the firms for allegedly carrying out retail trading in multi-brand sector in violation of India’s existing FDI policy. A bench of Acting Chief Justice A K Sikri and Justice […]