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.
Raheja-owned Hypercity plans its growth on the back of quality merchandise rather than cheaper price points.
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.'
The Raheja-owned Shoppers Stop, which was so far an up market department chain, is becoming a full service retailer soon. It is increasing its stake in the promoter group's hypermarket chain Hypercity from 19 per cent to 51 per cent.
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.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
Lifestyle retailer Shoppers Stop plans to up its headcount by nearly 1,000 in the next six months in line with the roll-outs of its new stores in five cities across India.
A five-year-old girl was mowed down in Mumbai by a speeding car allegedly driven by a relative of senior Congress leader Gurudas Kamat, police said on Tuesday.
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.
Executives in the segment say some top European, Japanese and Korean retailers are seriously interested.
Mumbai police chargesheets billionaire-builder Chandru Raheja for cheating, breach of trust; Rahejas call it pressure tactic, say Wadia plea was thrown out by Supreme Court
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.
Dutch consumer electronics major Royal Philips is in talks with major retail players in India, including Mukesh Ambani-promoted Reliance Retail and Tata Group company Trent for a tie-up, as it looks to shore up volumes in the country.
With his Mumbai sojourn,Wal-Mart Vice-Chairman Michael Duke gave enough signals that Wal-Mart is testing waters before it actually enters the organised retail in India.
The explosion in organised retail brings unique opportunities and challenges for consumer product companies.
Biggies like Shopper's Stop and Pantaloons Retail have found their way to consumers' pockets through their stomachs.
In addition to Tier-1 and Tier-2 cities where the company has a presence, we have also identified 23-24 cities for expansion.
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
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Consultants say those selling imported consumer durables, apparel, food products, furniture, etc, are the ones hit the hardest.
The sale of Nature's Basket, Godrej's chain of food stores in west India, is the second exit by a big group in a year in the category
YCook can add a year of shelf life to food without the side effects of chemical preservatives.
Navil Noronha stepped out of the shadows to address the media for the first time during the company's recent IPO.
The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu's family-owned Heritage Foods
Local traders are evaluating other options rather in FDI.
'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.'
French giant might apply for multi-brand retailing if UK rival gets nod.
Don't make these basic mistakes while cooking Western or continental food.
Malls, retail stores are being hit by online sales and are struggling this festive season.
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