Delhi-based retailer, Vishal Retail may miss revenue targets for the financial year 2009 due to low sales following global financial crisis. Its sales may decline as consumer spending is continuously declining following fears of job cuts and grim job outlook.

Bharti Wal-Mart, a joint venture between Bharti Enterprises and US retail giant Wal-Mart intends to go ahead with its cash and carry stores launch, despite the current market instability.

The retailer plans to open 15 carry-and-carry centers in various states in seven years and employ 5,000 people.

Mumbai-headquartered Tara Ultimo, a company manufacturing and retailing jewellery, plans to come up with 50 outlets across India in the next two years.