The present scenario is tough for the retail sector. The future group engaged in retail business under the brands for all categories of public including Pantaloons , Big Bazaar and Food Bazaar is not an exception.
The consumers just do not seem to be in any mood to buy. Ignoring the massive sales and discounts announced by the Pantaloon group, which are also includes Big Bazaar and Food Bazaar; consumers seem to have given it all the thumbs down. People are buying less and surely, with uncertainty all over, the mood steers towards saving and being discreet in where they spend their monies.
In December, Big Bazaar, food Bazaar reported a 4% fall in sales, Pantaloon sales fell 14% and its home retail sales was down 10%. Its fashion, food and general merchandise have registered a good growth in same-store sales but the fall in categories like mobile handsets, electronics and furniture have pulled down the overall sales. Sales in the lifestyle segment have taken a hit because some high-value international brands sold, like Etaam and Lee Cooper, from the stores did not do well.