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UNPROFITABLE RETAIL STORES
Slow-moving inventory bleeding top retailersMany Indian retail stores are struggling with losses. This is happening even as sales grow. The main reason is too much unsold stock on she...- Reliance, DMart and other top retailers go easy on store launches as slowdown hurtsIndia experienced a significant slowdown in new store openings in 2024, with only an average of three new stores added daily compared to te...
- Amazon and Samara Capital pump more money into More Retail to expand grocery businessAmazon and Samara Capital are investing heavily in More Retail, infusing over Rs 387 crore last fiscal. The company aims to reduce losses b...
- It was ‘closing’ time for many retailers in FY24; V-Mart, W, Aurelia among cos that downed more shuttersRetail chains like Pantaloons, Spencer's Retail, and Nature's Basket have closed down more stores in 2023-24 than they opened new ones, lea...
- Top retail chains plan aggressive expansion despite raging COVID-19Last month, Tata Starbucks said it opened 40 stores in seven new cities, its fastest expansion. ABFRL plans to add 300-400 stores, Trent ma...
- Future to Shutter 140 Easyday StoresAll 53 Easyday stores in the west — in Mumbai, Pune, Nashik and Ahmedabad — will be shut down in phases in this fiscal year.
- Reliance Retail toying with buying out HamleysThe talks with Hamleys could be a part of Reliance Industries new strategy of focusing its attention on its retail business.
- Tata Group’s consumer electronics retail chain Croma crops its losses by 68%Industry executives attributed the improved showing of Croma to shutting of unprofitable stores, focusing on less capital-intensive expansi...
- KKR, Bain Cap, TA Associates vie for 12-13% stake in Aditya Birla RetailThe potential deal pegs the value of the loss-making grocery retail business at Rs 5,000 crore, said people familiar with the talks.
- Levi's India net drops 27%, sales rise 12%The denims maker reported revenues of Rs842.4 crore during year to March 2017, according to its filing with the Registrar of Companies.
- Shoppers Stop to shut unprofitable outletsShutting down or rightsizing stores is a very common and essential practice in the retail business. Companies like the Future Group, Domino...
- Factory outlets are finding the going tough with shoppers hooked to online shopping due to higher discountsMegamart from Arvind Brands, for instance, recently rebranded its large format stores that have been struggling to shed their ‘discount for...
- Food retailers including Reliance, Aditya Birla Retail, Wal-Mart, Bharti accumulate Rs 13,000 cr loss in FY14: CrisilCrisil said two large players that have managed to become profitable are Future Value Retail Ltd (Future Value) and Avenue Supermarts Ltd.
- Alok Industries puts its UK retail chain on the blockAlok Industries, the $2-billion textile major, has started the process to sell UK retail chain Store Twenty One, which it had acquired five...
- The Mobile Store to offer EMI option through debit cardsThe Mobile Store, along with the bank that issued the debit card, will determine the eligibility for EMI to a consumer based on the savings...
- Cantabil to rejig marketing strategyShut down non-profitable outlets, to gradually do away with 80% flat discount strategy.
- Apparel makers outline strategies for festive seasonWith a sluggish quarter behind them, apparel retailers are banking on the forthcoming festival season to revive their flagging sales.
- Apparel makers outline strategies for festive seasonWith a sluggish quarter behind them, apparel retailers are banking on the forthcoming festival season to revive their flagging sales.
- Spencer's to shut 40 & open 300 outletsRPG Group company Spencer’s Retail has decided to close down at least 40 unviable outlets and open another 300 in the next 12 months.
- Wal-Mart may close more shops in GermanyUS retail giant Wal-Mart Stores is considering closing more outlets in Germany, a senior executive said in a newspaper interview published ...
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