India news

23 July 2019
New chief of marketing announced for ecommerce operator. Previously from Unilever Mr. Vikas Gupta, previously from Unilever Indonesia, has been named at the new Chief Marketing Officer for Flipkart. Gupta has been with Unilever for more than 20 years and his last position was general manager of the home care division as well as vice-president for digital transformation. He is returning t...
23 July 2019
Strong fundamentals contribute to sales growth of nearly 48%. Bucking the economic slowndown India’s retail conglomerate Reliance Retail announced sales revenues of INR38,196 crore (US$5.35bn) for the Group’s first financial quarter. Correspondingly, it reported pre-tax profits of INR2,049 crore (US$426.9m), an increase of nearly 70% versus last year. This represents 13 consecutive quart...
23 July 2019
Rapid launch of convenience chain into Mumbai. Looking to tap into potential gaps in the grocery retail sector Earlier in March, we reported on the master franchise agreement between the Future Group and 7-Eleven, paving the way for 7-Eleven stores to begin operations in India. This was quickly followed up with the Group’s announcement of the 7-Eleven India CEO a month lat...
21 May 2019
Online grocer now delivers to 26 cities in India. Targeting to double its revenue by 2020 Leading Indian online grocer Big Basket recently announced its aim to double turnover by FY20. At the launch of its latest operations centre in Kochi, its CEO Mr. Hari Menon, disclosed that sales revenue in 2019 was about US$460m and it is targeting to earn US$904m by the end of 2020. To support its...
21 May 2019
Retailer gains an immediate presence in Mumbai, Bengaluru and Pune. Deal estimated to be worth US$43m Spencer’s Retail, owned by RPG Enterprises, announced that it will acquire convenience retailer Nature’s Basket from Godrej Industries. The deal is estimated to be valued at US$43m and is awaiting approval from shareholders of both companies. The RPG Group currently operates 156 supermar...
07 May 2019
Healthier products set to become a significant category for the retailer. Growing demand for herbal and organic ranges Since 2016, Star Bazaar, the supermarket banner operated by Trent Hypermarket, has seen steady growth in its herbal, organic and natural products. Though initial growth was driven by large corporates such as Hindustan Unilever and Patanjali Ayurved Ltd., more and more playe...
29 April 2019
Making use of the funds raised from most recent round of investments. Currently operating in 25 cities in the country Backed by Alibaba, India’s BigBasket has announced plans to scale up its supply and distribution chains. From its existing network of 18 large and 80 small distribution centres, the retailer will expand to 20 large and 100 smaller centres by June.   With the increase in d...
15 April 2019
India’s largest ecommerce retailer optimises its supply chain with a string of innovations. Using data science to reduce costs and improve efficiencies Flipkart is relying on technologies such as artificial intelligence, data science and the internet of things to optimise its supply and logistics chain. The ecommerce retailer has created a supply chain that features these technologies to ha...
29 March 2019
First phase of launch announced; CEO for joint venture appointed. Eight 7-Eleven stores to open in Mumbai After signing a master franchise agreement with 7-Eleven last month , Future Group announced that it will open eight 7-Eleven stores in Mumbai as an initial phase. In addition, the Group shared that it is exploring two different retail formats of the chain. The Group is experime...
11 March 2019
Future Retail announces expansion plans for Big Bazaar. 25 stores targeted for eastern India Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner. Of these 25 new stores, at least seven of them will be located in Kol...