India news and analysis

02 January 2014
Building on the success of its ecommerce venture, India's Future Group plans to blur the lines between in-store and online shopping to maximise sales opportunities. Merging online and offline shopping Future Retail's CEO Kishore Biyani has emphasised the central role of technology to the company's retail strategy. Whilst the ecommerce channel continues to experience rapid growth, pro...
19 December 2013
Tesco seeks approval to enter multi-brand retailing, Walmart makes a key senior management appointment and the latest cash and carry developments. Tesco applies to develop a multi-brand retail business In a statement, Tesco Asia's CEO Trevor Masters announced plans to develop its business in the Indian market through the application to extend into multi-brand retailing.  If this applicati...
13 December 2013
Krish Iyer has been appointed to lead Walmart's operations in India, starting in the new year. Walmart makes key management appointment Krish Iyer has been appointed the new President and CEO of Walmart India. Iyer joined Walmart in 2012, and previous worked in a variety of roles for global health and beauty retailer A.S. Watson. He replaces Ramnik Narsey who filled the role for an i...
12 December 2013
Metro Group says its transformation is showing effect, and has reported a sales increase of 0.9% for its 2013 short financial year, running from 1 January to 30 September 2013. Faced economic challenges this year Despite continued challenging conditions internationally, EBIT before special items was up 3.1% for the short year, comparing it with the first nine months of 2012. Olaf Koch, Ch...
04 December 2013
Tesco has reported its Q3 trading results with group sales +0.2% (inc VAT exc. fuel) at constant exchange rates and +0.6% at actual exchange rates, for the 13 weeks until 23 November 2013. Ongoing pressures in the UK In the UK sales grew 0.9% (inc. VAT, exc. fuel) with LFL growth recorded at -1.5% (exc. VAT exc. fuel), a worsening performance versus the first two quarters of the yea...
20 November 2013
Future Group is negotiating a new acquisition, M&S plans largest overseas expansion and AEON considers new market entry... Future Group negotiating Nilgiris acquisition The Future Group is in negotiations for the acquisition of Nilgiris supermarket chain, the Economic Times reports. Comprising of over 90 supermarkets around Bangalore, Nigiris is majority owned by a private equity firm Act...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
01 November 2013
Spencer's Retail is poised to launch fine food hubs within its stores to differentiate from competitors. Building its food-first credentials The new concept, called 'Epicuisine' will be installed in a number of existing hypermarkets. A key feature will be the live kitchen preparation area, which will provide in-store theatre as well as underline products' freshness and quality. Speci...
30 October 2013
Metro Cash & Carry India, the subsidiary of the German Metro AG, is revising its strategy to better meet shopper needs in the Indian market. Tailored solutions The retailer says it has decided to move away from a generalist approach towards ‘multi-specialisation’ in order to cater more precisely to the needs of its target customer base. “The Indian market is very different from the global ...
21 October 2013
Reliance Retail plans ecommerce launch, as Tesco's local partner is reportedly developing a smaller hypermarket format. Reliance to enter ecommerce channel The Economic Times reports Reliance Retail's plans to expand into the digital channel within a six to eight month timeframe. The company is considering utilising a marketplace model of operation. This would place Reliance in competiti...