Saturday, January 03, 2009
India’s Wal-Mart sailing through difficult times
Kishore Biyani’s Future Group seems to be buoyant and is expecting all store formats to do well in current quarter.
“I don’t see a problem in this quarter. February and March are traditionally good months for us and with interest rates coming down, we hope to do well (in the quarter),” Future Group chief executive officer Kishore Biyani said.
With regard to Future Retail, Biyani said October and November were “two good months” for them in terms of sales. Then in December, it announced the three-week long Great Indian Shopping Festival, which would end on 4 January.
The Big Bazaar brand of Future Group has resonated well with the consumers for both in terms of price and value, qualities which is making Wal-Mart thrive in the downturn.
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1 comments:
hey I am all for organized retail (also am working in the Retial IT sector) but the sone ke chidiya campaign is a big letdown especially with the assured gifts since on a purchase of 2500 + a gift of hardly 100- 150 is given. And the looong counter lines are just going out of control at Big Bazaar. The neighbourhood supermarkets of the retailer chains too are ill stocked, in a mess and with no perceptable price diffn.
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