Future Retail news

17 June 2016
As the Consumer Goods Forum’s Global Summit in Cape Town draws to a close and looks ahead to the 2017 gathering in Berlin, we look at the inspiring appearances from the former captain of South Africa’s Rugby World Cup winning team, Francois Pienaar, and laureates from the Enactus network, and presentations from the chief executives of Ahold, Dick Boer, and the Future Group, Kishore Biyani. Ins...
07 March 2016
Trent Hypermarket and Future Group have struck a deal whereby the Tesco-Tata operated Star Bazaar stores will stock Future Group's private label products. First deal of its type in Indian market The deal will see Star Bazaar stores initially stock 31 SKUs under brands such as; Sunkist, Tasty Treat, Karmiq, Fresh & Pure, Think Skin, Clean Mate and Care Mate, before expanding the range to...
06 January 2016
The group that owns the Hypercity and Shoppers Stop retail banners in India has announced plans to invest Rs5.25bn (US$80m) over the next three years. Up to 30 stores to open as part of the development The group will use the money to expand its footprint, with nine new Hypercity hypermarkets and 18-21 Shoppers Stop department stores due to open over the next three years. As well as open ...
09 November 2015
India's Future Group has launched what it calls a new 'Gen Next' Big Bazaar format, aimed at giving its stores a more premium look and feel. Targeting India's young and affluent middle class Future Group intend the new format to help them drive sales with young and affluent shoppers, who now account for a third of its in-store footfall, up from less than 25% two years ago. The new format...
09 October 2015
Following the acquisition of Bharti by Future Retail, the company is to rebrand Easyday stores and realign its business practices. Easyday hypermarket banner to disappear Future Retail plans to merge the 15 Easyday hypermarkets into its Big Bazaar format whilst retaining the 188 Easyday supermarkets. Big Bazaar is a key format of Future group and accounts for around 90% of its sales. T...
04 June 2015
With positive signs from government in relation to its support for Foreign Direct Investment in retail and boosted by a growing market, retailers in India are looking for opportunities to grow their presence and gain share. Indian retail market will reach USD 1.3tn by 2020 Consultancy firm A T Kearney’s ‘The 2015 Global Retail Development Index’ report forecasts that India’s retail industr...
14 May 2015
The Indian government has decided to maintain the current policy on foreign direct investment (FDI), whereby foreign retailers can hold a majority stake in a multi-brand retail company. Greater clarity for offline FDI with e-commerce to be reviewed The decision to maintain the current ruling is a surprise given that the BJP government, which was elected last year, had previously announce...
05 May 2015
India's largest modern trade grocery retailer Future Group is to merge its operations with Bharti Retail, forming a business of around 570 hypermarkets, supermarkets and convenience stores across 243 cities. Stores to continue to trade under existing fascias The merger will see the creation of two separate companies; Future Retail for the front end retail operations and Future Enterprises f...
09 April 2015
India's largest grocery retailer has set out ambitious plans to continue expansion in the year ahead. Doubling convenience store footprint in FY 2016 Kishore Biyani, Future Group CEO, has said that the retailer will invest INR 5-6 billion (approximately US$80-96m) during this financial year, with it targeting to drive revenue to INR 225 billion, an increase of 30%. A significant proportion ...
12 March 2015
Building on the country’s positive GDP growth, India’s retailers are looking for opportunities to enhance their businesses and grow market share. Future Retail targets revenue growth of 25% India’s leading grocery retailer, Future Retail, has announced plans to invest heavily in new store openings, as it aims to drive ambitious sales growth. In its 2015/16 fiscal year, Future Retail plans to ...