Category: News & Views

Different Reports of various research entities have always given different figures on the total consumption directly linked to the Retail Market Size in India. To satiate our urge, we filed an RTI and obtained 100% Authentic Data from the Government of India and we would like to share it with our (more…)

We would like to Present to you a Detailed Study on the Financial Matrix of Spencers Retail and the Managements View on the business and how it managed to cut losses and sail the 2008 storm.

Financials of Spencers Retail:
In FY10, our pre-tax losses have reduced by 50% YoY. The cash losses have also halved to Rs2bn (excluding Rs200m incurred by Music World). There are several adjustments to reported FY10 numbers. For instance, in FY10, they have taken a onetime non-cash charge of Rs1bn, comprising store closure, inventory write-down, etc. If we adjust FY09 numbers for (more…)

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…)

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…)

Kaya Skin Clinic’s Parent Company Marico has acquired the aesthetics business (essentially skin care products and services business) of Singapore-based Derma Rx for a purchase consideration slightly above Rs1bn.

Derma Rx has well balanced revenue mix — Products constitute (more…)

This is the concluding part of the three part interview with Kishore Biyani as published in “Enterprising India”. You can read Part 1 and Part 2 before proceeding.

Mr. KB’s Vision for Pantaloon / Future Group for the coming decade

We want to be a dominant player in India’s consumption, especially modern consumption. You can’t get a bigger canvas than US$400bn, which will become a trillion dollar canvas. That canvas is huge for anybody to operate.

Pantaloon Retail / Future (more…)

This is the Second Part of the 3 Part Interview with Kishore Biyani. Read the First Part here.

Part – II – Excerpts from Enterprising India.
Kishore Biyani’s Views on connecting with Consumers and creating a conducive environment

Creating the right environment is very critical. There are a few emotions that determine shopping behaviour. The most fundamental of them are greed, altruism, fear, envy, and vanity. Greed drives a consumer to purchase more than she needs. Higher purchase is also driven by the fear that the current price offer may (more…)