In an interview to CNBC-TV18, Biyani says an early Diwali and unwarranted discount schemes has confused consumers and lead them to buy products they don't necessarily need.
While delayed winter has been a cause of concern, Rakesh Biyani, joint managing director, Future Group says the sales have started to pick up.
In an interview to CNBC-TV18, Biyani says an early Diwali and unwarranted discount schemes has confused consumers and lead them to buy products they don't necessarily need.
Also read: Romance with e-commerce to continue in 2015 too
But the year ahead looks positive for Biyani who believes the domestic retail business can pick up significantly if the government can seamlessly execute the Make in India reform and bring goods and services tax (GST) effectively into India's taxation system.
On the threat e-commerce sites are posing to brick-and-mortar companies, Biyani says the government should look into the way these site price their products.
"These levels of discounting and subsidizing cannot go on forever. It is not sustainable and the margins aren't as high as the discounts they offer," adds Biyani.
Transcript to follow soon.
Future Retail stock price
On December 26, 2014, at 11:10 hrs Future Retail was quoting at Rs 99.35, up Rs 2.25, or 2.32 percent. The 52-week high of the share was Rs 147.85 and the 52-week low was Rs 70.57.
The company's trailing 12-month (TTM) EPS was at Rs 2.05 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 48.46. The latest book value of the company is Rs 117.46 per share. At current value, the price-to-book value of the company is 0.85.
Anda sedang membaca artikel tentang
Festive sales a drab but hopes high for '15: Future Grp
Dengan url
https://olahragakecantikan.blogspot.com/2014/12/festive-sales-drab-but-hopes-high-for.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Festive sales a drab but hopes high for '15: Future Grp
namun jangan lupa untuk meletakkan link
Festive sales a drab but hopes high for '15: Future Grp
sebagai sumbernya
0 komentar:
Posting Komentar