Retail News India
Note: News-feeds aggregated by Integrated Retail. All original content and copyright of respective publishers recognized.
Vishal Retail has declared its unaudited financial results for the quarter ended September 30, 2008. The Ram Chandra Agarwal-led company has posted a net profit of Rs 40.76 million. While the total income of the quarter stayed at Rs 3607.55 million, the total expenditure stood at Rs 3276.51 million.
The present recession has definitely not stopped retailers from giving away gifts and organising contests to pull in more customers. As part of Diwali promotions, MobileStore has designed a promotion wherein they are extending assured gifts worth Rs 10,000 with purchase of any handset from the store.
TIMEX, one of the world’s leading watchmakers, has announced the appointment of Gopalratnam Kannan as president for India operations. Kannan would be reporting to Kapil Kapoor, MD, TIMEX Group India Limited (TGIL).
Adlabs Films Limited, a part of Reliance Anil Dhirubhai Ambani Group, has announced its results for the quarter ended September 30, 2008. The Mumbai-based country’s leading entertainment conglomerate recorded 49 per cent revenue growth YoY in September 2008.
Retail in India is no more an option restricted to high streets and shopping malls. After succesful retail formats like platform retailing and airport retailing, the country is now gearing up for yet another innovative concept — sporting centre retailing.
Mumbai-based Globus Wines, a pioneer in wine retailing in India, has announced the launch of its super-premium brand Miazma - Fine Wine of India.
Vishal Retail Ltd, one of India’s leading discount retail chains, has announced its plan to open 100 new stores by March 2009 to have a total of 260 stores across the country. Announcing the plan, Ram Chandra Agarwal, CMD, Vishal Retail Ltd, said, “It is just the beginning of a retail..
Pantaloon Retail India Ltd, part of the Kishore Biyani-led Future Group, has declared its unaudited financial results for the quarter ended September 30, 2008.
Acting promptly, Pantaloon Retail (India), part of the country’s retail pioneer Future Group, with reference to a news item appearing in a leading financial daily titled "Future calls off JV with Alpha Airports", has clarified that the JV is still operative. In a filing to Bombay Stock Exchange, the company said it is still invested in the JV. The news item in question has not been confirmed with the company.
Retail division of Tata group company Trent Ltd has informed BSE about the unaudited financial results for the quarter ended September 30, 2008. According to a filing on BSE, the Mumbai-based company has posted a net profit of Rs 353.4 lakh in the second quarter of this year in comparison to Rs 913.30 lakh in the previous year.