Last week, Kishore Biyani-led Future Retail Ltd(FRL)had announced that it would acquire Hypercity that operates 19 large format premium stores in some key cities from the K Raheja group firm Shoppers Stop.
The Indian consumer has a pleasant surprise coming, retailers are pushing to get the customer back to their stores. CNBC-TV18’s Ronak Jain and Sumiit Lakhutia report that price cuts are on the anvil, as the industry gears up for a strong 2012.