Stillbirth of organised retail?

Does the recent sale of the Pantaloon branded business of Pantaloon Retail confirm that India’s organised retail story will remain just a tantalising trailer of a promising movie that is likely to be shelved before its completion? The financial results of most other large, modern format retailers are not much to write about. For every Titan, Fabindia and Metro Shoes, there are dozens who are struggling to manage growth with profitability even as India’s growth story (badly dented it may be looking today) has been steady.

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