Retailers go easy on expansion as slowing consumption bites

Kolkata: India’s top retailers have significantly slowed down their store expansion this fiscal year, after opening a record number of outlets last year, their latest investor disclosures show. The top five retail chains – Reliance Retail, Titan Company, Avenue Supermarts that owns DMart, V-Mart Retail and Shoppers Stop – together opened 44% fewer stores in the first three quarters through December compared with a year earlier.