India news and analysis

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 ...
02 May 2013
Metro Group has reported EBIT (before special items) of €14m, compared to €-8m in Q1 2012, due to earnings improvements at Real, Media-Saturn and other areas of the business.  Group sales down slightly Group sales for the period January to March were €15.5bn, a slight decrease of 0.9% vs. the previous year. This year included three fewer trading days, and the unseasonably cold weather af...
17 April 2013
The retail division of India's leading company Reliance Industries Ltd has announced plans to open five new cash & carry stores in the first quarter of fiscal 2013. First store shows promising results Reliance Retail reported strong nine month ending results, with turnover growing 44% to INR 77.5bn (USD 1.4bn). Positive same store sales growths contributed to this performance, varying a...
04 April 2013
Following a meeting between the retailer Auchan and India's Commerce and Industry Minister this week, Auchan is reportedly planning to open 60 stores in the country. Assessing the best way to unlock the market's potential Auchan's plans are still in the development stages, and the retailer is yet to reveal information about time scale or whether it will expand via the franchise route o...
27 March 2013
Walmart has announced plans to test in-store lockers for products ordered online in the US. This was among a number of new initiatives highlighted at its e-commerce media day held at its global e-commerce head office in San Bruno, California. Lockers offer added convenience The test of the lockers forms part of a broader plan by Walmart to integrate its physical stores with its online ...
14 March 2013
India's Future Group is developing a cash and carry format in partnership with Hong Kong's Li & Fung Group, the Economic Times reports. Launch expected in the next three months The companies are already in partnership in logistics and supply chain under the subsidiary Future Supply Chain Solutions. It is expected that Li & Fung will hold a 26% stake in their latest joint venture, though a ...
11 March 2013
Dairy Farm reported sales of USD 9.8bn for full year 2012, an increase of 7% year-on-year, with mixed fortunes across its operating markets. Overview of performance in 2012 Dairy Farm's overall performance was positive in an increasingly challenging trading landscape. Decline in underlying profit was attributed to accounting errors in its Malaysian operations - adjusted figures showed an...
21 February 2013
After a number of delays, LuLu hypermarket's parent company, the Emke Group, has announced that it will open its first store in India in March. Development to be opened in Kochi, Kerala The LuLu hypermarket is part of a shopping centre that will open in Kerala. Emke has invested Rs16 billion in the development, which will also include an ice rink, cinema and restaurants alongside the hyper...
14 February 2013
Leading retailers including Tesco and SPAR are laying down plans for this key market. We summarise the latest news and look ahead to the further developments 2013 may hold. Tesco to set up Indian subsidiary Local newspaper The Hindu reported Tesco's plans to open a subsidiary for fresh and processed foods to service its global store network. The sourcing and back end capabilities develo...
22 January 2013
India's Reliance Industries Limited announces outstanding results for its retail division with turnover growing over 44% to Rs 7,749 (USD 1.4bn) in the first nine months of the year. Coinciding with this news, the company outlined plans to consolidate its eight retail units. Strengthening its multi-format portfolio The company highlighted a strong start to the festival season and improved pr...