K Raheja Corp Group company HyperCITY Retail India on Saturday its first HyperCITY Argos, a catalogue shopping retail format in Thane. HyperCITY Retail, along with its group company Shoppers' Stop, recently entered into a franchise agreement with the Home Retail Group, UK, to launch the Argos format in the country.
Sector specific magazine, Retail Week, has named India's HyperCITY as the country's top retail store in its report on '100 Shops You Must Visit.'
In 2020-21, business activities were hit by the coronavirus pandemic. Biyani's annual remuneration stood at Rs 3.86 crore in 2019-20, according to Future Retail Ltd's (FRL) annual report for 2020-21. FRL's managing director Rakesh Biyani also saw his remuneration decline by 4.82 per cent to Rs 3.75 crore in the financial year ended March 31, 2021.
Shoppers Stop returns to its core business after divestments. The retailer plans growth through web and private labels.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
Catalogue retail major Argos is winding up its two-year trial operations in India that include five stores in Mumbai and a telephone and internet ordering service.
Biggies like Shopper's Stop and Pantaloons Retail have found their way to consumers' pockets through their stomachs.
YCook can add a year of shelf life to food without the side effects of chemical preservatives.
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
Don't make these basic mistakes while cooking Western or continental food.
Rediff readers share their experience about taxis and autorickshaws in India.
Malls, retail stores are being hit by online sales and are struggling this festive season.
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