Consumer durable retail chains such as Croma and Next are looking to buyout small retail chains across India in an effort to consolidate their business. The companies are holding talks with smaller regional players such as Sumaria, Sony Mony and Kohinoor in Mumbai, Shah’s and TMC in Hyderabad and Shubham in Bangalore.Some of the larger regional players like Vivek’s and Vijay Sales are looking to tie up with international retailers such as Dickson or Best Buy. The recent Gudi Padwa festival showed that consumers prefer organized formats such as Croma, Next and Vijay Sales where sales were much higher than small consumer durable stores.
Friday, March 23, 2007
Source: The Economic Times

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