India news and analysis

17 October 2013
Carrefour has reported a 2.7% sales increase in Q3 2013, with all formats in the key French market posting growth, and international sales up 3.8% at constant exchange rates. For the nine month period, sales were up 1.8% at constant exchange rates. Improvement in France Although sales were up across all formats in France, in spite of the effect of a drop in petrol prices, convenience a...
17 October 2013
Tata Group, Tesco's local partner in India, opens its first convenience store. First 'Star Daily' store opened in October The Times of India reports the first Star Daily store opened in Pune last week. The store's floor space is around 180 square metres, and product ranges include fresh and ambient groceries. There is speculation that the store has taken inspiration from the Tesco Expre...
17 October 2013
Metro Group has announced that it has met its sales target for its short financial year, running from 1 January to 30 September 2013, with sales of €46.3bn. 'We are on the right track' says CEO Metro's sales for the short year* were slightly below the 9M 2012 level of €47.4bn, due to difficult trading conditions in Europe, the sale of Real in eastern Europe and negative currency effects. ...
16 October 2013
At its annual investors meeting this week, Walmart provided an update on the strategic priorities for its US stores operation, Sam’s Club, international, global e-commerce and the business as a whole. We outline the key takeaways from this important update. Building a unique market-based ecosystem in the US to capitalise on in-fill opportunities Walmart has identified a number of markets i...
09 October 2013
US-based Walmart and Bharti have agreed to dissolve their joint venture in India, a step that will see each retailer to ‘independently own and operate separate business formats in India’. Decision sees end of franchise agreement Following the dissolution of the joint venture, which will be completed by Walmart buying out Bharti’s stake, Walmart will be left to run the Best Price Modern Whol...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
02 October 2013
Walmart is expected to postpone its investment decision in Cedar Support Service as it continues to seek clarity on FDI policy. Postponing the decision to build on Bharti relationships Walmart first entered the Indian market in 2007 through a joint venture with Bharti Enterprises to open BestPrice Modern Wholesale cash and carry stores. A second dimension was added to the Bharti relations...
30 September 2013
The British retailer plans new store openings with local partner Reliance Retail. Expansion across the market's key cities Marks and Spencer plans to between six and eight new stores in India in the next six months, adding to its existing network of 35 stores. M&S has been operating in the market for 12 years, first through franchise, and now in partnership with the retail branch of le...
19 September 2013
Leading UK wholesaler Booker has reported like-for-like sales in its core business up 3.5% in Q2 (12 weeks to 13 September).  This represents a clear improvement over Q1 when like-for-likes were just 1%, showing the benefit of the hot summer weather seen in July especially. The strength of trading in Q2 means that Booker ended the first half of 2013/14 up 2.3% on a like-for-like basis.  Overall gr...
12 September 2013
The latest hotly debated topic around FDI is the suggestion of opening up the e-commerce channel, which currently has stringent restrictions on both investment and operating models. Building presence in the world's third largest internet population Amendments to legislation in line with bricks and mortar retailing would be welcomed by major players including eBay and Amazon. These com...