Future Retail news

16 May 2014
BJP's victory BJP led by Modi is back in power after a decade in opposition, taking advantage of public anger at Congress for uncontrolled high prices, corruption scams and rising unemployment. However, its victory could be a bad news for foreign retailers like Walmart, Carrefour and Auchan who wish to introduce their grocery retail formats into the country. Significant liberalisation of ...
28 April 2014
Following a recent trip to a land of 'unorganised retail', Laura May looks at how the Indian grocery landscape is evolving as international retail players enter the market. A stark contrast to grocery retailing as some may know it, India's millions of market stalls and specialist shops, kiranas and kiosks - collectively known as 'unorganised retail' - account for around 98% of the country's gr...
25 April 2014
India's Future Group has a new subsidiary in the pipeline to support PL, and may be mulling supermarket acquisition in southern India. Supporting PL growth through UAE base The business division Future Consumer Enterprise (formerly known as Future Ventures) will invest around US$400,000 in setting up a wholly owned subsidiary, the Hindu Business Line reports. This will support the expo...
21 January 2014
Future Retail's Big Bazaar banner will convert 50 trucks into supermarkets over the three day national holiday. Multichannel offer to better serve shoppers Mobile stores will help reach areas where stores are not currently located. They will stock around 100 SKUs at discounted prices, in keeping with promotions around this holiday period. The mobile stores will help relieve pressure on t...
02 January 2014
Building on the success of its ecommerce venture, India's Future Group plans to blur the lines between in-store and online shopping to maximise sales opportunities. Merging online and offline shopping Future Retail's CEO Kishore Biyani has emphasised the central role of technology to the company's retail strategy. Whilst the ecommerce channel continues to experience rapid growth, pro...
20 November 2013
Future Group is negotiating a new acquisition, M&S plans largest overseas expansion and AEON considers new market entry... Future Group negotiating Nilgiris acquisition The Future Group is in negotiations for the acquisition of Nilgiris supermarket chain, the Economic Times reports. Comprising of over 90 supermarkets around Bangalore, Nigiris is majority owned by a private equity firm Act...
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...
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...
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...
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 ...