The piper at the gates of dawn

Couple of weeks back, news flashed on my PC "Public issue of Vishal Retail has received tremendous response from investors. Overall, the issue oversubscribed 81 times."
And few months back, when Vishal Retail issued details about its IPO it made no news. People still did not know about the company and only few had seen its stores. But it pulled-off beautifully in the end and now its 81 times oversubscribed.
Sir Terry Leah, TESCO's chief executive once said " In retailing, there aren't huge barriers to entry. That's one of the reasons you cant hang around and trial this thing. You have to launch & go". Same was the case with Vishal. With one store in mid 1980s, now it has grown into 51 stores in 39 different cities. And good to see them launch at right time and so going will be good. There is a saying wrt war- If you are not on table, then you are on menu. I see that Vishal did not want to be in menu.It wanted to be in war and so it's battlefield response was a smooth display of combined operation - good development in recent years, open minded,took risks.

I had a chance to visit one of its stores in Pune. The store needs lot of improvement in its clothing section. The last floor was one of the best I have ever seen in any store.

Coming soon : SD's retail tale for Vishal megamart(VM)