India news and analysis

20 May 2014
M&S has reported solid group sales for the year to 29th March 2014 with encouraging progress in food and multichannel offsetting declining LFL GM sales. Operating profit fell, impacted by a weaker gross margin on GM. Headline numbers Group sales: +2.7% to £10.3bn Total UK sales: +2.3% (LFL +0.2%) UK Food sales: +4.2% (LFL +1.7%) UK GM sales: 0.0% (LFL -1.4%) International...
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 ...
15 May 2014
Walmart’s net sales increased by 0.8% in the first quarter to $114.1bn, with sales in its US stores and Sam’s Club divisions increasing by 2.0% and 0.1% respectively. International sales were down 1.4%. Consolidated net income attributable to Walmart decreased by 5.0% to $3.6bn. The results: quick take With the focus inevitably falling on Walmart’s performance at home, with it registering ...
09 May 2014
Metro Group has announced its H1 results for 2013/2014, with sales increasing by 0.3% (incorporating currency and portfolio adjustments), keeping on track to accomplish its full year guidance. Cash & Carry growth despite adverse Easter timing Metro Cash & Carry saw sales growth of 0.9%, with like-for-like (LFL) sales rising by 0.8% despite the Easter shift, with Easter falling outside the ...
06 May 2014
Despite continued political uncertainty on the topic of foreign multi brand retailers in India's grocery sector, Metro has followed other retailers in announcing continued focus on the cash & carry channel. Metro to triple store numbers by 2020 Metro Group has announced that it plans to continue its expansion in India. The retailer currently operates 16 depots in the country, however it plans...
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
Walmart has announced the appointment of Greg Foran, currently president and CEO of Walmart China as president & CEO of Walmart Asia, effective June 1. Scott Price to lead international strategy and development Greg replaces Scott Price who is moving to a senior management role as executive vice president, international strategy and development, real estate, mergers and acquisitions, integ...
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...
24 April 2014
Amazon in India is piloting a click & collect scheme with independent family-owned kirana stores in Bangalore. Embracing the competition Amazon is embracing neighbourhood kirana stores into its logistics network as part of a click & collect trial in the city of Bangalore. The retailer is using these mom and pop stores as delivery points, introducing additional convenience and making last-mile...
23 April 2014
India's Reliance Retail announces 34% revenue growth, whilst company Chairman Mukesh Ambani hails as a business turnaround. Outstanding revenue growth Reliance Retail, part of Reliance Industries Limited (RIL), is a multi-format retail business comprising of nearly 1,700 stores across India. These include digital, jewellery, apparel and grocery formats. In the year ending 31st March 20...