India Retail News and Research
Shoppers Stop is the largest department store chain in India. The company also has a 51% stake in Hypercity, a hypermarket format. We’d like to review the performance in the past quarter and outlook going forward.
Trends in July and August were similar to those seen in Q1. However, September has been better than expected. Hopeful that the festive season will see some traction. Should have visibility starting mid October. What we have noticed is due to the slowdown, breakeven for new (more…)
Kishore Biyani promoted Pantaloon / Future Group Retail is the second largest retailer in India after Reliance Retail. In an address to the Analysts, management of Pantaloon said the consumer environment has remained soft in recent months quarter. While the sale period saw some traction, demand declined afterwards. Trends have been weak in apparel but better in food. They are Cautiously optimistic on December quarter given festive season and a large number of wedding dates.
Within apparel, the company is focusing on (more…)
India’s leading Large Mall Developers InOrbit from the house of Rahejas a well known name in Real Estate is considering developing Malls in two new formats such as Neighborhood centres and Open Mall.
Acquiring large tracts of land has deterred further investments in large existing format of InOrbit Malls. Rahejas will developer neighborhood centers in (more…)
With the Indian Government taking some Daredevil Policy decisions on opening the gates for FDI in Retail Sector, we caught up with Anupam Yog, Director – Marketing Virtuous Retail Services. Virtuous is a retail real estate asset platform sponsored by The Xander Group Inc., with an initial commitment of USD 600 MM in equity. Mr. Yog in an exclusive interview to RetailMantra, shares his views.
51% FDI in Multi-Brand Retail in India
How many Foreign Giants are in the Queue at Ministry of Commerce & Industry to enter India ? And how many potential retailers, in your view are on the sidelines or exploring India opportunities? (more…)