India news and analysis

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...
04 September 2013
Tesco's local partner in India plans major changes to its Star Bazaar hypermarket format to drive profitability and long term growth in the market. Store size reduction to speed up profitability The retailer plans for store footprints to be reduced by around 50% to an estimated 3,000 square metres. A time frame for the initiative has not been reported. In an interview with Business Lin...
29 August 2013
Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...
06 August 2013
India's government announced three amendments to FDI multi-brand retail policy, serving to relax the conditions of investment in the market. Three key changes to policy Fifty percent of first $100m invested to be on back-end infrastructure. This amendment puts a $50m cap on the original policy which stated fifty percent of investment in the first three years must be spent on back end i...
25 July 2013
The retail arm of India's Reliance Industries Limited (RIL) reported growth of 53% in Q1, with turnover reaching IND 34.7bn (USD 588m). Strong Q1 performance across multi-format portfolio Same store sales growth ranged between 10-22% across Reliance Retail's varied grocery, jewellery, fashion and digital store network. The company operates over 1,500 stores across 134 cities in India ...
22 July 2013
Bharti Retail, Walmart's local partner in India, has returned 17 properties intended to become Easyday stores, India's Economic Times reports. Speculation over the future direction of Bharti Retail and Walmart's partnership Bharti Retail, part of telecommunications-focused business Bharti Enterprise, signed a joint venture agreement with Walmart in 2007. Together they operate BestPrice ...
15 July 2013
The Indian retailer announces the extension of private label ranges in KB's Fairprice stores, and expansion into the health and beauty category. KB's Fairprice format driving growth The group launched private label brands into its stores in 2008; in the  convenience KB's Fairprice format these ranges now contribute around 40% to sales turnover. Future Retail forecasts accelerated g...
11 July 2013
Two digital startups, US-based Instacart and India-based Flipkart, have successfully raised new investment to fund growth in their respective markets. Instacart focused on ‘national expansion’ Grocery-oriented Instacart said that it had raised US$8.5 million from a number of sources to help expand the coverage of its same-day delivery service, which uses multiple local stores. The company s...
26 June 2013
Walmart has named Ramnik Narsey as interim head of its business in India, replacing Raj Jain, according to reports. No reason given for departure of Jain Mr Jain has been with Walmart for seven years and been head of the Indian operation for six of those. Reports have not given any reason for his departure. Walmart optimistic about future in India According to a statement, Mr Narsey...