The Return of Brick and Mortar Retail
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
The company, owned by the K Raheja Corp, posted a profit of ₹23 crore in Q1FY23, compared to loss of ₹118 crore in a year ago quarter
With the Godrej group’s food and grocery retailer in its cart, the RP-Sanjiv Goenka Group will gain access to premium customers and valuable private labels to bolster its retail business
Shoppers Stop is looking to reinvent itself in the face of stiff competition from online retailers and more high-profile bricks-and mortar chains. Will it succeed?
The company plans to tweak the size and format of its stores after losses widened to ₹5 crore in 2017-18.
Media reports say More, which runs about 575 stores across India, is valued at about ₹4,200 crore.
The country’s oldest department store chain turns 25 next year, but it may not be a birthday to remember unless it can catch up with the new world.