Pantaloon Retail, the flagship retail company of Kishore Biyani-led Future group, which recently deferred its restructuring plans, is going aggresively on expanding its business in the value segment, which accounts for over three-fifth (60 per cent) of the company’s overall retail business. Pantaloon, which until May end operated 114 ‘Big Bazaar’ stores and 156 Food Bazaar stores, is setting up six Big Bazaar stores and 8 new Food Bazaar stores (including cut-ins) during the months of June and July, 2009.
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Big Bazaar goes aggressive on expansion; plans 50 new stores at Rs 350 cr investment in one year
Subhiksha Trading Services, the 12 years old, Chennai-based discount retailer, which until recently operated a retail chain of 1,600-odd neighbourhood, convenience stores, under the brand name of ‘Subhiksha,’ has got into further troubles as, on the one hand, it faces inspection of the ministry of the company affairs (MAC), on the other, it faces prospects of its bailout plea getting rejected as it approaches the last date for its consideration within a month. The cash-strapped retailer’s plea for Rs 300 crore financial support, under corporate debt restructuring (CDR) programme to its lenders, appears to be going nowhere as the last date for sanction of such a package comes to an end on the 31st July, 2009
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MAC orders inspection in the affairs of Subhiksha; prospects of bailout package dim as the last date for sanction ends within a month
Aditya Birla Retail (ABRL), a retailing arm of Kumar Mangalam Birla group, which recorded a whopping growth in turnover of 110 percent in FY 2008-09, is well on its way to achieve further growth in sales turnover of 40 to 45 per cent this fiscal (2009-10). ABRL, which currently operates a retail chain of around 650 food and grocery supermarket format and hypermarket format stores under the brand name of ‘More for You,’ according to Thomas Varghese CEO, achieved sales of nearly Rs 1,150 crore during the financial year ending 31st March, 2009 (2008-09) against previous year’s turnover of around Rs 550 crore, is expecting to garner sales volume of about Rs 1,700 crore this fiscal ending 31st March, 2010 (2009-10). Buoyed by the growth, most of which has come from expansion of the retail network, the company is looking at taking the tally of stores to 720 to 730 stores by adding 60 to 70 stores (80 new stores less 10 t0 20 stores under shut down) during the current financial year ending 31st March, 2010.
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‘More’ records 110% growth in sales turnover; plans 70 new stores and 45% growth in turnover this fiscal
Croma, among the leading consumer electronics and durables retail chains of the country, owned by Infiniti Retail (a Tata group company), which currently operates 32 retail stores across large cities, is back on expansion drive. The company is planning a three-fold expansion of its retail network in the next three years. Croma expects have a network of over 100 stores by 2011. Croma has also created a compact store format called ‘Croma Zip’ for its expansion model as it is eyeing to penetrate deep into smaller but growing tier II and tier III markets.
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Croma undertakes three-fold expansion; plans to set up 100 stores by 2011
A parliamentary standing committee on commerce in its report titled “Foreign and Domestic Investment in Retail Sector” submitted to the government has recommended imposition of a blanket ban on foreign direct investment (FDI) in retail. “The committee…recommend that a blanket ban should be imposed on domestic corporate heavyweights and foreign retailers from entering into retail trade in grocery, fruits and vegetables,” said the report. The committee, comprising 40 parliamentarians from various political parties from both the Loksabha and Rajyasabha, was headed by Murli Manohar Joshi- a veteran BJP parliamentarian and former HRD minister in the NDA government
The other morning I woke up with a craving for a hearty vegetarian breakfast. Red potato home fries sounded like just the thing- and so did a tasty tofu breakfast saute. I poked around in the refrigerator and found some mustard, which made me think of how lovely tofu would be with a sweet mustard sauce, nutritional yeast, and veggies
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Gluten-Free Vegetarian or Vegan Recipes: Honey Mustard Peach Tofu Salad Recipe
“Home Town,” the “first of its kind home improvement format” in India, owned by Home Solutions (India) Ltd, a wholly owned home retail subsidiary of Pantaloon Retail India, is all set to open its largest store in Kolkata. The new 200,000 sq ft ”Home Town” store of the group is located in Bengal Shrachi’s “Block by Block” mall. The new mall located near Rajarhat Road in New Town area of the “City of Joy.” “We have always shared a special emotional connect with Calcutta and this HomeTown store is an affirmation of our faith in this city,” said Kishore Biyani, Future Group CEO, while speaking about the group’s new initiative in Kolkata
I brought my omni friend here for some vegan ice cream i had a strong craving for some vegan pistachio ice cream. When i got there the guy at the counter [who was the sweetest thing and let me sample whatever I wanted =D] told me that the flavors rotate so at times they don’t have all the flavors listed on their site at the same time. After sampling, I got the peanut butter fudge and the red velvet, which infused what appeared to be a babycakes red velvet cupcake [+1].
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Stogo reviewed by beautifuld1rt on June 16, 2009
Gluten-Free Cornbread Madeleines/ Mini Muffins three ways: Roasted Red pepper, lemon black pepper, and Parmesan Inspiration from dinners this week: Rajma Indian Vegetarian Chili Recipe , Roasted Eggplant in Creamy Sauce (healthy cuisine of India p. 91) , special Indian Rice Recipe
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Gluten-free Menu of the Week: Gluten Free Cheese Cornbread Madeleines Recipe
I’m not a huge fan because I don’t like Temptation ice cream, but it is an awesome location (near both Vinnies and the park) and I like getting the penny lick ($1) because you can get a taste without overdoing it. The atmosphere is cute and some of their desserts look great but I haven’t gone for their baked goods. Food: Atmosphere: Service: [More about Penny Licks | More from alf-redo ]
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Penny Licks reviewed by alf-redo on June 12, 2009
Mariposa gluten-free Rye Round $4.95 (as of June ‘09)- This new product immediately piqued my interest with its lovely artisan shape and promising caraway flavoring. When I asked the bakers at mariposa which of the new loaves they recommended, they mentioned that the un-rye bread had been selling very well.
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Bay Area Oakland, California Gluten Free Bakery Review: Mariposa’s Latest Developments
When the DH and I went on a trip to the Northwest in our Gypsy Van, we encountered a sauce called “yumm sauce” at a local cafe chain in Eugene, Oregon . The sauce was delicious, and I bought a salad dressing sized container of it to take home. However, I realized that I would soon run out of this tasty concoction, and the DH and I can only go to Eugene once or twice a year, so I got cracking in the kitchen to come up with a similar sauce based in nutritional yeasty bean goodness
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Vegetarian Cafe: Gluten-free Tofu Vegetable saute in nutritional yeast sauce recipe
Though given the its uniqueness, it’s well worth a visit even if just to dine at the few vegetarian restaurants or appreciate the view among the fellowship of Israeli visionaries. See more vegetarian-related posts on Green Prophet: …
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Green Prophet | Green Prophet Visits Amirim, a Vegetarian Paradise …