“Big Retailers” find profit swallowed by size & sales | Business Standard

Aggressive expansion in a difficult economic environment and delays in foreign investment are proving costly for the retailers…

Most of these retailers started operations between 2006 and 2007 or went on an aggressive expansion spree during that time. The only exception was Mukesh Ambani’s Reliance Retail which decided to go slower on opening stores. And that seems to have paid off.

Reliance Retail, which started in 2006, posted a profit before depreciation, interest and tax of Rs 78 crore in 2012-13. In comparison, both Spencer’s  and Aditya Birla Retail logged losses.

Big retailers find profit swallowed by size and sales | Business Standard.

 

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