Hypermarkets

Reliance Retail to scale online business, double pre-tax earnings in 3 yrs

Reliance Retail Ventures Ltd (RRVL) will 'rapidly' scale its online business, expand dark stores and strengthen omni-channel capabilities, as the retailer expects these investments to translate into higher margins and earnings growth, a top company official said. Outlining a three-year roadmap, Reliance Retail CFO Dinesh Taluja said the company will invest in the infrastructure of JioMart and omni-channel reach across platforms, even as margins have come under pressure from rising technology and dark-store investments. "We are looking at growing our online businesses pretty rapidly during this year. We will expand dark stores. We will grow our omni-channel platforms. We will grow JioMart," Taluja said in the company's earnings call. Besides, it will also focus on improving the operational metrics around availability, speed, and reliability with a market-by-market focus on achieving positive unit economics. "Each market, the unit economics, we need to have a clear path to positive u

Spencer's Retail casts net wide to reel in value-conscious consumer

Hypermarket chain to focus on tier III, IV cities, launch to be held in phases

Spencer's Retail Q1 net loss widens to Rs 33.63 cr; revenue up 12.5%

The company had posted a net loss of Rs 23.55 crore in the April-June period a year ago, Spencer's Retail said in a regulatory filing.

Walmart cuts 200 corporate jobs as weak demand, bloated inventory weigh

Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and wellness, ad sales and supply chain

FMCG volumes recover in urban India in April-June, decline in rural: Report

Customers buying smaller packs as both traditional kirana shops and modern supermarkets clock business: NielsenIQ

Big Bazaar plans to have 300 hypermarket stores in next three quarters

Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official said

Alibaba to buy controlling stake in hypermarket chain Sun Art for $3.6 bn

(Reuters) - Alibaba Group Holdings <9988.HK> said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd <6808.HK>, gaining further ground in China's booming retail market.

Hypermarkets over the counter: Search for scale is forcing consolidation

The coming year, should see some hyper-activity in the organised retail business