Mark Ashman

Shoppers Stop owned hypermarket operator HyperCity says there is some slowdown in sales in segments like electronic goods and furniture this year as consumers cut back on discretionary spends amid the overall economic slowdown.

Hypercity to be cautious on store expansion plans

Hypercity, the hypermarket arm of retailer Shoppers Stop, is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster.

Budget Expectations: Exempt service tax on immovable property rentals: Hypercity

Retailers should be exempted from service tax on renting of immovable property, says Mark Ashman, CEO of HyperCITY

Price cuts on anvil: Retailers gear up for a strong 2012

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.