Experts have long been foreseeing a tidal
wave approaching the retail sector - a prophecy
that has come true even before the stipulated
times.
Retail in India is on a cusp of transformation.
Organized retailing as a professional service-oriented
set-up, is a recent phenomenon in India but
is growing at a tremendous pace with a potential
of creating over 2 million new (direct) jobs
within the next six years, assuming an 8 to
10 per cent share of organized retailing in
the total retail business.
Pantaloon Retail India Ltd is the fastest
growing retail chain in India. For the financial
year ended June 2006, it had gross sales of
Rs. 2,018.76 crores. In the coming years,
the objective of the company is to be the
preferred retailer across income segments,
geographies and product groups. |

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