Future Retail news

14 January 2015
India's leading grocery retailer Big Bazaar has opened a store in its 100th city in India. Celebration to mark milestone In the last three months Future Group's Big Bazaar grocery chain has opened 18 new stores in cities such as Rourkelo, Jharsugda, Bhopal, Varanasi and Bokaro, and now has over 184 trading stores across the country. The 100th city to have a Big Bazaar store open its doors w...
13 October 2014
Future Group has signed an exclusive agreement with Amazon to sell products online. The deal includes the joint development of private label lines, according to local media. Ready-made expertise Future Group will benefit from Amazon’s expertise to sell products online, beginning with more than 45 own labels of clothing and expanding out into categories including home, electronics and grocer...
02 October 2014
The CEO of India's biggest grocer Future Group, Kishore Biyani, has set out his vision for growth as not only a leading retailer, but also a major food and beverage manufacturer. Food parks to help private label expansion Future Group is targeting sales of Rs 20,000 crore (US$3.2bn) from its food & beverage business by 2020, a significant step up from the Rs 1,000 crore that it achieves tod...
24 September 2014
Online is set to play an increasingly important role in India's modern and traditional retail sectors over the next few years, here we examine some new developments and the drivers for this change. Foodhall online grocery service set to launch soon Future Group's premium format Foodhall appears to be building up towards selling groceries online. Although from our recent visit to a Foodhall ...
02 July 2014
For Indian grocery retailing 1 May 2006 will go down in history. As India's first international modern trade hypermarket threw open its doors in Mumbai, things would never be the same again. Big change has happened since then, however less than a handful of modern retailers have actually managed to make a profit. We examine some of the challenges they face and show why the size of the prize is ju...
26 June 2014
Worth US$389.4bn in 2013, India’s grocery market is the second largest in Asia and we're expecting rapid growth over the next five years and beyond. Although modern trade still only makes up a small proportion of the market, it is growing faster than the traditional sector, as retailers continue to open more stores, improve existing ones and drive efficiencies in their operations. For some sup...
16 May 2014
BJP's victory BJP led by Modi is back in power after a decade in opposition, taking advantage of public anger at Congress for uncontrolled high prices, corruption scams and rising unemployment. However, its victory could be a bad news for foreign retailers like Walmart, Carrefour and Auchan who wish to introduce their grocery retail formats into the country. Significant liberalisation of ...
28 April 2014
Following a recent trip to a land of 'unorganised retail', Laura May looks at how the Indian grocery landscape is evolving as international retail players enter the market. A stark contrast to grocery retailing as some may know it, India's millions of market stalls and specialist shops, kiranas and kiosks - collectively known as 'unorganised retail' - account for around 98% of the country's gr...
25 April 2014
India's Future Group has a new subsidiary in the pipeline to support PL, and may be mulling supermarket acquisition in southern India. Supporting PL growth through UAE base The business division Future Consumer Enterprise (formerly known as Future Ventures) will invest around US$400,000 in setting up a wholly owned subsidiary, the Hindu Business Line reports. This will support the expo...
21 January 2014
Future Retail's Big Bazaar banner will convert 50 trucks into supermarkets over the three day national holiday. Multichannel offer to better serve shoppers Mobile stores will help reach areas where stores are not currently located. They will stock around 100 SKUs at discounted prices, in keeping with promotions around this holiday period. The mobile stores will help relieve pressure on t...