Future Retail stock best performer in segment, with 317% return this year; however, most positives seem already priced in
He adds, near-term will be challenging and long term will augur well for retail, consumer markets
These would help sell goods worth Rs 1 lakh annually to 10 mn households by FY21
He plans to sell and merge Zone with Big Bazaar
Kishore Biyani has identified small format stores as the first of the five pillars of his group's long-term retail strategy
Says also in talks with taxi firms for tie-ups
All its small stores such as KB's Fair Price will be rebranded as Easyday stores
The move would further consolidate the retail space in the country
The firm aims at Rs 1 lakh-crore of annual business by 2021, says will continue to grow by 20-30% every year
Says foreign chains need domestic partners like Future Group to make them successful because of the latter's presence in the business for a long time
Joins global investors such as Proterrra, Verlinvest
As the lines between offline and online retail blur, India's retail king is tweaking his strategy to stay ahead of the competition
Biyani has also resigned from the post of Joint Managing Director as well as Director of the company
The Group may pay Rs 15-20 crore for FabFurnish brand, which will be used to sell products from its offline store HomeTown, Mint reports
Offline retailers have reported strong earnings in the Dec-ended quarter, while online retailers continue to bleed. But the business case for e-retail remains strong