Indian Retailers Hope for Better 2013

Indian retailers saw a fledgling recovery in sales toward the end of 2012, raising hopes of better fortunes in 2013. Sales were tepid for most of 2012 as local retailers felt the pinch of high inflation and slowing growth, which left consumers with less money in their pockets for shopping. There was, however, a spike […]

Festive fillip to apparel sales

In a break from the recent trend, retailers, led by Kishore Biyani’s Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group’s Arvind  Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season. Pantaloon is seeing double digit growth in the same-store sales across […]

New stores to help Lifestyle offset slump

Department store operator Lifestyle International Pvt. Ltd expects revenue to rise by about one-third to Rs.3,200 crore this year as new outlets offset a slowdown in sales growth at existing stores owing to restrained consumer spending. Lifestyle, which owns the eponymous department stores, apparel retailers Max andSplash as well as furniture retailer Home center, reported […]

Pantaloon to curb expansion, focus on 16 cities

Pantaloon Retail India Ltd, the country’s largest retailer, is consolidating its business in the top 16 cities and a surrounding network of secondary cities, exiting from smaller towns that don’t fit into this network, a top company official said. The consolidation would help Pantaloon Retail improve profitability as it looks to get investors on board […]

Shopper Stop’s Hypercity shrinks outlet size

Mumbai: Small is beautiful for Mark Ashman, chief executive officer of Hypercity. The large format hypermarket arm of retailer Shoppers Stop Ltd (SSL) has decided to scale down three of its big outlets by about 50 per cent, to a manageable 50,000 sq ft, in order to achieve an early break-even. Ashman, had earlier said […]