Aditya Birla Retail Mulls Expansion Of Supermarket Chain

Aditya Birla Retail (ABRL), that operates supermarkets and hypermarket formats under ‘more’ brand, is eyeing a break-even at the company level by

Retail Sales Slump As Heavy Snow Keeps Shoppers At Home

The UK’s high street is facing a disastrous drop in sales this weekend as heavy snow keeps shoppers at home on one of the most important weekends of the year for the retail sector. Visits to large out of town shopping centres

Tesco Unveils Ambitious Overseas Expansion Plans

Tesco has set out ambitious plans to open more stores in Europe and Asia as the British grocer seeks to boost profitability overseas. The supermarket already has more physical selling space abroad than in Britain but its international arm, which

Argos Blames £25m Fall In Profits On Lingering Effects Of Recession

High street retailer Argos today blamed a £25m slump in first half profits on the lingering effects of the recession, which it said had left its lower income shoppers with less money and less confidence to buy big ticket items like furniture.

3,000 Small Traders In Suburbs Telegram To PM Against Foreign Investment In Retail Trade

Finding themselves pushed to the wall, the small traders, fearing that entry of foreign companies into retail could wipe away whatever little business they are left with, have joined hands and

HUL, P&G, Reckitt, Kellogg’s Raise Margins Up To 25%

Modern retail has taken a lead in its fight against consumer product companies with consumer product companies including Hindustan Unilever and Procter & Gamble increasing retailers margins on the

Sainsbury’s ‘Fastest Growing Of Big Four Supermarkets’

Sainsbury’s chief executive today declared the supermarket group the leader of the pack after it outgunned Tesco, the market leader, in the second quarter. Justin King said

Sainsbury’s Sales Rise 5% As Non-Food Lines Grow Strongly

J Sainsbury has outstripped market leader Tesco with strong sales in the second quarter, thanks to demand for non-food lines and the relaunch of its Taste the Difference brand. Excluding…

Bharti Retail To Enter Western India Soon

Bharti Retail will soon enter western India with its first hypermarket in Mumbai, said an executive close to the development. It has signed a 60,000 sq ft store in…

Morrisons to open convenience stores

Supermarket chain Morrisons is to open its first convenience stores next year, and may finally branch out into internet shopping. Chief executive Dalton Philips announced details of his new strategy…