The only thing tougher than making money as a retailer these days is making money as a food retailer. According to a research by Crisil, food retailers in India have lost Rs 13,000 crore since 2008. Crisil says no other vertical, such as apparel, consumer durables or footwear, has witnessed similar losses.
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(This story appears in the 27 June, 2014 issue of Forbes India. To visit our Archives, click here.)