Retail in Asia

In Sectors

India’s mid-size retailers still feel the slowdown pinch

Vishal Retail which opened its 21,000 square foot megamart in Mumbai in 2007, closed it a year ago to stem losses, followed by its other 30 stores in Mumbai and the National Capital Region closing in the last year. Several other mid-size retailers such as Wadhawan, Subhiksha and Foodland Fresh have the same story to tell.