Pune malls, multiplexes see up to 70% drop in business Business Standard Shopping malls, multiplexes and top retailers in Pune are seeing as much as a 70 per cent drop in business owing to the swine flu outbreak in the city. The 10 multiplexes and 20 movie halls in Pune are expected to suffer losses for a week since they have shut shop on government orders. Though only two malls out of 15 have downed shutters, those that are open are also seeing a sharp decline in footfalls.
Siyaram to invest Rs 100 cr in expansion Economic Times Siyaram Silk Mills vice president Ashok Torka told ET that the company is planning to roll out 60 more retail showroom across the country by this fiscal. "The company sells J Hampstead, Oxembourg, Siyaram MSD and its flagship brand Fabric to Fashion (F2f) brands through both company owned stores and franchisees," he said.
Vishal Retail gets extension on its short-term loans Livemint Cash-strapped retail store chain Vishal Retail Ltd has rolled over Rs250 crore worth of short-term debt from various lenders. The loans taken early last year to fund the company's aggressive expansion plans could not be repaid on time as it was severely affected by the economic slowdown, falling sales and high rental costs.
Big Bazaar comes up with special I-Day offer from Aug 12 Business Standard Big Bazaar, the largest chain of hypermarkets from Future Group has once again come up with their special Independence Day offer of Mahabachat for five days from August 12 to August 16, 2009 at its all 116 Big Bazaar outlets across the country.
Retail Trends
Sale(ing) through the flu Mid-Day Taking advantage of the pre-Independence Day annual sale season, as shoppers flood shopping centres and malls, store attendants are panicking because their managements are dragging their feet over anti-swine flu measures.
Booming business in the time of swine flu Times of India According to Damji Palan, owner of Laxmi Chemist, and also the president of Retail and Dispensing Chemists Association, Mumbai, sales of products like Dettol Liquid wash, Lifebuoy hand wash, Nilgiri oil, etc have picked up in the last two weeks.
For years, retailers spent their own money hiring knowledge partners to analyze store-item-week sales and inventory data. Today, a growing number of retailers are outsourcing this process to their industry trading partners - the food, beverage and consumer packaged goods (CPG) manufacturers that supply their stores.
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