India news and analysis

08 June 2013
The final day of IGD’s trip to Bentonville included the Annual General Meeting, the focal point of its shareholders week, with a high energy early morning meeting of 14,000 Walmart associates and shareholders. Senior execs then also gave a Q&A with analysts. Shareholders' Meeting As always, the event included some big name acts including host Hugh Jackman and performances from John Legend, K...
07 June 2013
Day two of IGD’s trip to Bentonville included a visit to a Walmart Distribution Centre, a Supercenter and meetings and Q&A with key Execs. Key highlights are as follows: Key Insights from Day Two 1. Distribution Centre Tour DC #6094 is a Regional DC serving 130 Walmart Supercenters, discount stores, Neighborhood Markets and Walmart Express stores in parts of Arkansas, Missouri, Oklahoma a...
06 June 2013
IGD is in Bentonville this week to cover the annual Walmart Associates and Shareholder event. It’s a key week in the Walmart calendar, bringing together media, analysts, shareholders and associates for an update and celebration of everything Walmart. Today we attended a session at Sam’s Club as well as several presentations with key Walmart Execs. Key Insights from Day One 1. Sam’s Club: Se...
05 June 2013
China , the world’s biggest food and grocery market, is valued at more than US$1tn and is forecast to be worth US$1.5tn in 2016, according to our latest figures. Our research also found: The US grocery market will remain the second largest globally and is predicted to be worth US$1.1tn in 2016. We expect growth to accelerate from a compound annual growth rate (CAGR) of 3.6% between 2010...
23 May 2013
In a year where Tesco has had to make some significant business decisions and laid down important building blocks for the future, we examine its Annual Report, as well as its newly renamed 'Tesco and Society' CSR report, pulling out our top findings and what this might mean for the retailer's future direction. A year where the business has got to grips with long-standing issues...
22 May 2013
SPAR International has reported worldwide retail sales up 2.8% in 2012, and revealed its new strategy: "Growing our future together." International expansion has always been a strategic goal SPAR's new strategy builds on its long-term objectives. It sets out the strategic objectives for 2013-2015 under three broad headings: Growing our partners - Developing a multi-format presenc...
20 May 2013
India's Future Retail, formerly known as Pantaloon Retail, plans to expand its convenience format portfolio to more than 1,000 stores in the next two years. 1,000 KB's Faiprice stores by 2015 Future Retail currently operates around 200 franchised convenience stores in Delhi, Bangalore and Mumbai under the KB's Fairprice banner. Store numbers in these cities will increase rapidly, reac...
16 May 2013
Walmart's total net sales for the first quarter increased by 1.0% to $113.4bn, with growth led by its international division, where sales increased by 2.9%. In the US, Sam's Club delivered a 0.5% increase in sales (ex-fuel), while at its core US stores operation sales grew 0.3%.  Comp store sales at its US stores declined by 1.4% (ex-fuel). Operating income over the period increased by...
02 May 2013
Indian retail group Shoppers Stop has reported a 17% rise in gross retail turnover for the year ended 31 March 2013.  Continues to expand footprint Shoppers Stop opened seven new stores in the final quarter of the year, taking the total to 55 across 24 cities; these include non-grocery formats.  Commenting on the results, group MD Govind Shrikhande said "We have witnessed a stable envir...
02 May 2013
India's Supreme Court has rejected a petition against FDI in multi-brand retail, saying that as a policy it did not suffer from any constitutional or statutory infirmity.  "Consumer is king" says court According to reports, the Supreme Court said the decision to allow FDI had a legal basis in a previous act.  It welcomed what it called the focus on benefiting the consumer by " enlarging ...