India Retail News and Research
Excerpts from Enterprising India an interview with Mr. Sanjiv Goenka.
His views On Spencers Retail Business
I certainly expect Spencer’s Retail to become profitable, but would not like to comment on the precise time. In the retail business, we are creating a new vertical. It is a pioneering effort and a challenge, but we do believe we are on top of that challenge. I think sanity has (more…)
Strategically located at Sarabha Nagar, Flamez Shopping Mall cum Multiplex, Ludhiana, is the first operational shopping mall, multiplex and hypermarket in all of Punjab. The first 4-screen PVR multiplex of Punjab and the first Reliance hypermarket (more…)
The over hyped Reliance Retail venture is yet to take-off. The company lost Rs 260 cr in FY 2010. Though Reliance operates ~1,000 retail stores in 14 states (85 cities) there (more…)
The Indian retail industry (estimated size of INR1.2tn and US$24bn) has witnessed a robust growth of 12% over the past five years as rising income levels, favourable demographics and urbanisation trends have helped drive consumption boom.
Organized retail has seen an even sharper increase of 43% over the same period helped by a combination of factors including low penetration (more…)
In continuing our research post on Winning Strategies for Retailing in India here are the last 4 commandants as come up by our in-house research team.
Is there a Fixed Business Model for Success ? The answer is NO. While Pantaloon successfully added 7msf from FY06-FY09, Trent and Shoppers Stop remained conservative due to the lack of availability of quality retail space at reasonable rentals and did not expand aggressively. While many tried to go the aggressive way like Pantaloon, but only to scale back, Trent and Shoppers Stop evolved their business model even as capital was scarce and footfalls dropped. Both Pantaloon (more…)