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Indian Retail: Retail chain Subhiksha in money, land trouble

http://indianretailsector.blogspot.com/2009/02/retail-chain-subhiksha-in-money-land.html

Now this blog is part of website www.indianRETAILsector.com. Monday, February 2, 2009. Retail chain Subhiksha in money, land trouble. Hanumant Rao, a senior official of retail chain Subhiksha was arrested in Nagpur on the basis of complaints from employees for alleged non-payment of salaries and creating fictitious PF accounts. Police say that Rao was booked under Section 409 for criminal breach of trust and Section 420 for cheating under the Indian Penal Code. But this not where the controversy ends.

indianretailsector.blogspot.com

Indian Retail: January 2009

http://indianretailsector.blogspot.com/2009_01_01_archive.html

Now this blog is part of website www.indianRETAILsector.com. Monday, January 26, 2009. Indian lifestyle brand need of the hour. At the recently concluded Global Business Barons meet at FICCI International Brand Conclave, the bigwigs from the jewellery, fashion and lifestyle industry of India agreed on the need to develop an Indian brand name in lifestyle segment. Highlighting the point Mehul Choksi, chairman, Gitanjali Group and FICCI National Gems and Jewellery Committee said, “We have more than 3...

indianretailsector.blogspot.com

Indian Retail: Retail majors' sales decline

http://indianretailsector.blogspot.com/2009/02/retail-majors-sales-decline.html

Now this blog is part of website www.indianRETAILsector.com. Monday, February 2, 2009. Retail majors' sales decline. Same-store sales at some of India’s biggest retail groups have slipped into negative territory for the first time in six years, forcing the fledgling organised retail sector used to heady growth rates of 35-40% to re-orient strategies to ride out the economic slowdown that is pinching customers’ wallets. 8220;The coming four quarters will be quite challenging for retailers and some recover...

indianretailsector.blogspot.com

Indian Retail: Subhiksha on virtual collapse, needs Rs 300 cr

http://indianretailsector.blogspot.com/2009/02/subhiksha-on-virtual-collapse-needs-rs.html

Now this blog is part of website www.indianRETAILsector.com. Monday, February 2, 2009. Subhiksha on virtual collapse, needs Rs 300 cr. Stating that its operations are "near standstill", retail chain Subhiksha Trading Services on Friday said it needs liquidity injection of up to Rs 300 crore to get the company back on track as it had run out of cash in October last year. He, however, insisted that the company was not closing shop. "No, we are in pain but we are not shutting down." Despite the issu...The c...

indianretailsector.blogspot.com

Indian Retail: December 2008

http://indianretailsector.blogspot.com/2008_12_01_archive.html

Now this blog is part of website www.indianRETAILsector.com. Saturday, December 20, 2008. RPG exits mobile retail space; sells 50% to JV partner. Fierce competition in the mobile retail space has claimed its first victim. The RP Goenka Group has sold its 50% stake in mobile and laptop retail chain RPG. Wednesday, December 10, 2008. Bossini to expand to 55 standalone outlets by 2010. The brand has 22 stores in India, of which 3 are in Bangalore. Markandeya was speaking with indiantelevision.com. Bossini h...

indianretailsector.blogspot.com

Indian Retail: Spice (Hotspots Retails) buys Cellucom's India arm in share-swap deal

http://indianretailsector.blogspot.com/2009/02/spice-hotspots-retails-buys-cellucoms.html

Now this blog is part of website www.indianRETAILsector.com. Sunday, February 1, 2009. Spice (Hotspots Retails) buys Cellucom's India arm in share-swap deal. NEW DELHI: BK Modi-promoted Spice Group on Sunday bought 100% stake in the Indian arm of Cellucom, a Dubai-based mobile retail chain. According to the share-swap deal, Cellucom will take 26% stake in Spice Group’s mobile retail venture HotSpot while Spice Corp will buy 100% shares in Cellucom. For the time being, Cellucom stores may be renamed as Ho...

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Indian Retail: Raju possibly smarter than regulators: Hinduja

http://indianretailsector.blogspot.com/2009/02/raju-possibly-smarter-than-regulators.html

Now this blog is part of website www.indianRETAILsector.com. Monday, February 2, 2009. Raju possibly smarter than regulators: Hinduja. PTI) NRI business leader Gopichand Hinduja has said scandals such as the one in Satyam Computer will continue to haunt developed and developing countries, although this particular scam may have happened because the IT firm's founder Ramalinga Raju managed to outsmart the regulators. The Satyam scandal came to light on January 7, with a confession from the company's founde...

indianretailsector.blogspot.com

Indian Retail: August 2008

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Now this blog is part of website www.indianRETAILsector.com. Wednesday, August 27, 2008. Tesco plans faster expansion than Wal-Mart in India. It took Tesco 21 months after the US-based Wal-Mart Stores pipped the UK retailer in its partnership talks with Delhi-based Bharti Group. However, Tesco now looks much prepared for a faster roll out than the world’s largest retailer Wal-Mart, especially with having Tata group’s existing supermarket chain as its franchise partner and a customer. Tesco’s abilit...

indianretailsector.blogspot.com

Indian Retail: July 2008

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Now this blog is part of website www.indianRETAILsector.com. Wednesday, July 23, 2008. Planet M Retail to launch 250 such cafe-in-stores in the next three years. Videocon Retail garnered revenues of Rs 800 crore from Next and Rs 100 crore from Planet M last year. With the enhanced retail presence, this year's revenue contribution from the two formats will be Rs 1,500 crore and Rs 400 crore respectively, Mr. Dhoot said. Wills Lifestyle`s rejig bears fruit. TC's garment retailing arm Wills Lifestyle, which...

indianretailsector.blogspot.com

Indian Retail: February 2009

http://indianretailsector.blogspot.com/2009_02_01_archive.html

Now this blog is part of website www.indianRETAILsector.com. Monday, February 2, 2009. Raju possibly smarter than regulators: Hinduja. PTI) NRI business leader Gopichand Hinduja has said scandals such as the one in Satyam Computer will continue to haunt developed and developing countries, although this particular scam may have happened because the IT firm's founder Ramalinga Raju managed to outsmart the regulators. The Satyam scandal came to light on January 7, with a confession from the company's founde...