Retail Insight on October 22nd 2009

October 22, 2009

News for the retail industry

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News

Reliance Industries' retail arms in the red, reflecting challenges Livemint Just how big is the retail business of RIL? The answer, according to the company's annual report for 2008-09: well over half the size of Pantaloon Retail India Ltd, India's largest listed retailer that set up its first Big Bazaar store in 2001. Still, Reliance's retail subsidiaries remain unprofitable, an indication of the challenges facing India's modern retailers.

Aditya Birla Retail to take store count to 708 by FY10 ImagesFood.com Acting in accordance to the competitive expansion of grocery retailers, Aditya Birla Retail Ltd. (ABRL) leading chain of food and grocery retail - More, incorporated in May 2007 has major expansion plans to have 700 supermarkets and eight hypermarkets across towns and cities by the end of fiscal year 2009,according to a company official.

Drug retailers eye 'in-house' space Economic Times Remember Subhiksha, which triggered the discount war in the Rs 33000-crore pharma retailing space? While Apollo Pharmacy and Guardian Lifecare have started aggressively pushing their private-label portfolio, others like Religare Wellness, Bangalore-based Trust Pharmacy and Hyderabad-based MedPlus Pharmacy, too, are seriously looking at in-house labels.

Retail Trends

Gold sales up 6% during Diwali Hindu Business Line Despite high prices, gold sales across the country during the Diwali week ended October 18 were marginally higher by six per cent at 56 tonnes against 53 tonnes during the same period a year ago, according to the World Gold Council, an industry association of the world's leading gold mining companies.

Retail Insight

CBRE Market View - India Retail CBRE Since the last quarter of In the current economic scenario 2008, the industry has been affected by various factors including slowing economic growth, high interest rates and the liquidity crunch, coupled with pressure on consumer discretionary expenditure. The industry was also affected by the high cost of real estate rents during much of calendar year 2008.