Big Bazaar news and archive

Brands record brisk winter sales this year

Aided by the chilly weather, winter wear sales have jumped 15 to 20 per cent in north India. Winter apparel is driving sales in north India from December, a welcome change from subdued consumer sentiments that prevailed earlier in 2019. Sportswear brand Puma witnessed 40 per cent growth in sales of jackets and sweatshirts. Over the last two...

Retail

More Big Bazaar stores to open in Eastern India

Future Retail the force behind Big Bazaar retail chain is looking to add around 25 new Big Bazaar stores in the eastern region. These will come up in West Bengal, Bihar, the Northeast, and Orissa. About seven or eight stores will open in Kolkata alone. The east contributes 25 per cent to the company’s national sales. Future Retail, the retail...

Retail

Amazon looking to buy 9.5 per cent stake in Future Retail

As per media buzz, Amazon is set to acquire a 9.5 per cent stake in Future Retail, potentially giving the ecommerce platform access to nearly a third of the country’s organised food and grocery market through the Big Bazaar and Nilgiris supermarket chains and other outlets. The companies started exploring an alliance in January this year when...

Retail

Global brands replacing Indian ones in malls across India

Malls in India are opting for international brands as these firms giving back higher rents and bring in a new set of customers. In this process, malls have been replacing domestic brands. International brands have been replacing Indian brands across India, says a report. Oberoi Mall in Mumbai recently shrank the size of its erstwhile anchor...

Retail

Future Retail to pump in Rs 300-500 cr for rapid retail expansion

Kishore Biyani’s Future Retail aims to invest Rs 300-500 crores for capital expenditure this year raised through a mix of equity, debt and internal accruals. After posting a standalone net profit of Rs 74 crores and 12 percent growth in total income at Rs 10,368 crores in 2014-15, the Future Group with formats like Big Bazaar, e-Zone and...

Retail

Now Big Bazaar to launch mobile app to take on the rivals

Taking the ecommerce battle seriously, Kishore Biyani-led Future Group is launching mobile app of Big Bazaar, which will go live next month. The company recently joined hands with Bharti Retail to launch India’s biggest organised retailer. Future Group will also experiment with an omni-channel pilot program in which its Big Bazaar and Food...

Retail

Future Retail bullish on expansion in Punjab and Jammu Kashmir

Planning to carry out aggressive retail expansion, Future Retail is tapping Punjab, Haryana and Jammu and Kashmir to spread its Big Bazaar chain. The company would open four new stores in Punjab at Amritsar, Ludhiana and Patiala, one in Jammu and Kashmir and one at Yamuna Nagar in Haryana during this fiscal year. Big Bazaar recently opened its...

Retail

Big Bazaar opens a new store in Orissa

Big Bazaar recently opened a new store in Rourkela, Orissa, thereby making it the 100th city where it has stories. Within a span of three months, Big Bazaar has opened 17 new stores across the country in cities like: Jharsugda, Bhopal, Varanasi and Bokaro among others. To celebrate the 100th city milestone, Big Bazaar is set to kick-start ‘100...

Fashion

Offline retailers celebrate as consumers return to shop this Diwali

Retailers across the board have reasons to cheer this festive season. While ecommerce platforms are doing brisk business with lucrative deals, heavy discounts, malls and high streets in and around metros are seeing an increase in footfalls. Shoppers are splurging this festive season, bringing buoyant moodback at the offline retail stores. Online...

Apparel

Future Retail FY14 same-store sales rise 6.3 per cent

During the fiscal year 2013-14 Future Retail has reported standalone income from operations of Rs 11,577 crores and EBITDA margin of 9.2 per cent. FY14 same store sales growth for value business that primarily operates Big Bazaar was 6.3 per cent, while that for home and consumer durables chains Home Town and eZone, was 2.5 per cent. The...

Apparel

Hans Udeshi joins Max Hypermarket as President

Retail industry veteran, Hans Udeshi has quit as CEO-general merchandise of Future Value Retail to join Max Hypermarket as President, Non-Food. In February 2006 and after spending five years as Chief of Big Bazaar chain, Udeshi had quit Pantaloon Retail to join Max Hypermarket as Senior Vice-President, buying and merchandising. He again joined...

Apparel