Retailers/Future Retail/News

Future Retail news

14 May 2015
The Indian government has decided to maintain the current policy on foreign direct investment (FDI), whereby foreign retailers can hold a majority stake in a multi-brand retail company. Greater clarity for offline FDI with e-commerce to be reviewed The decision to maintain the current ruling is a surprise given that the BJP government, which was elected last year, had previously announce...
05 May 2015
India's largest modern trade grocery retailer Future Group is to merge its operations with Bharti Retail, forming a business of around 570 hypermarkets, supermarkets and convenience stores across 243 cities. Stores to continue to trade under existing fascias The merger will see the creation of two separate companies; Future Retail for the front end retail operations and Future Enterprises f...
09 April 2015
India's largest grocery retailer has set out ambitious plans to continue expansion in the year ahead. Doubling convenience store footprint in FY 2016 Kishore Biyani, Future Group CEO, has said that the retailer will invest INR 5-6 billion (approximately US$80-96m) during this financial year, with it targeting to drive revenue to INR 225 billion, an increase of 30%. A significant proportion ...
12 March 2015
Building on the country’s positive GDP growth, India’s retailers are looking for opportunities to enhance their businesses and grow market share. Future Retail targets revenue growth of 25% India’s leading grocery retailer, Future Retail, has announced plans to invest heavily in new store openings, as it aims to drive ambitious sales growth. In its 2015/16 fiscal year, Future Retail plans to ...
14 January 2015
India's leading grocery retailer Big Bazaar has opened a store in its 100th city in India. Celebration to mark milestone In the last three months Future Group's Big Bazaar grocery chain has opened 18 new stores in cities such as Rourkelo, Jharsugda, Bhopal, Varanasi and Bokaro, and now has over 184 trading stores across the country. The 100th city to have a Big Bazaar store open its doors w...
13 October 2014
Future Group has signed an exclusive agreement with Amazon to sell products online. The deal includes the joint development of private label lines, according to local media. Ready-made expertise Future Group will benefit from Amazon’s expertise to sell products online, beginning with more than 45 own labels of clothing and expanding out into categories including home, electronics and grocer...
02 October 2014
The CEO of India's biggest grocer Future Group, Kishore Biyani, has set out his vision for growth as not only a leading retailer, but also a major food and beverage manufacturer. Food parks to help private label expansion Future Group is targeting sales of Rs 20,000 crore (US$3.2bn) from its food & beverage business by 2020, a significant step up from the Rs 1,000 crore that it achieves tod...
24 September 2014
Online is set to play an increasingly important role in India's modern and traditional retail sectors over the next few years, here we examine some new developments and the drivers for this change. Foodhall online grocery service set to launch soon Future Group's premium format Foodhall appears to be building up towards selling groceries online. Although from our recent visit to a Foodhall ...
02 July 2014
For Indian grocery retailing 1 May 2006 will go down in history. As India's first international modern trade hypermarket threw open its doors in Mumbai, things would never be the same again. Big change has happened since then, however less than a handful of modern retailers have actually managed to make a profit. We examine some of the challenges they face and show why the size of the prize is ju...
26 June 2014
Worth US$389.4bn in 2013, India’s grocery market is the second largest in Asia and we're expecting rapid growth over the next five years and beyond. Although modern trade still only makes up a small proportion of the market, it is growing faster than the traditional sector, as retailers continue to open more stores, improve existing ones and drive efficiencies in their operations. For some sup...