The year 2008, was difficult for retailers. The pioneer of Indian Retail – Kishore Biyani now famous in IIMs and other business schools across the world for his Garva Sey Khao Hum Kanjoos Hey e-mail because he could foresee the storm and made all necessary adjustments to sail over the tide.
We would like to present to you how Retailers shutdown operations across India in the last 12 to 18 months.
Retailer + Stores Closed
Subhiksha 1600
Spencer’s Retail 150
Six Ten Retail 130
Pantaloon Retail 103
My Dollarstore 40
Indiabulls Retail 39
Oswal Retail 22
Reliance Retail 20
Aditya Birla Retail 18
Vishal Retail 17
Shopper’s Stop Ltd 9
HyperCity Retail 3
Bharti Retail 2
New Store Opening Announcements:
Pantaloon Retail India Ltd – 34 big bazaars, 7 standalone food bazaars, 7 Pantaloon
stores, 5 Centrals, 3 brand Factory, 10 others
Shoppers Stop 12 to 20 stores in the next 3 yrs
Aditya Birla 70 supermarkets, 10-12 hypermarkets
Spencers Retail 10-12 large format Spencer stores and 7 Beverly Hills Polo Club standalone stores.
This doesn’t mean stores will re-open at the same location where they were earlier closed.