Industry News
ONLINE NEWS
- The Tragicomedy of Tariffs: Brands as Comedians 09 October 2025, brandequity.economictimes.indiatimes.com Facing economic hardship, brands are adopting humorous, relatable campaigns. Maxwell House's "Maxwell Apartment" rebrands coffee as a cheaper alternative to housing. In India, where consumers are "downtrading" and facing rising onion prices, brands could leverage "jugaad" and humor. Imaginary campaigns like "Maggi PG" and "Parle-G EMI" highlight this creative approach to connect with consumers in tough times...
- Conversational commerce goes mainstream as brands tap WhatsApp, Instagram and AI for sales 09 October 2025, exchange4media.com The convenience and ubiquity with which these platforms enter consumers' lives make them increasingly popular for shopping and customer support, say experts...
- PVR INOX launches ‘dine-in cinema’ in Bengaluru 09 October 2025, indiaretailing.com PVR INOX on Wednesday launched 'dine-in cinema', claimed to be India’s first, at M5 ECity Mall here. The multiplex operator said the dine-in cinema is a first-of-its-kind experience where “blockbuster films meet gourmet dining”...
- M3M India unveils ‘M3M Route65’ in Gurugram with ₹800 crore investment 09 October 2025, indiaretailing.com M3M India, one of India’s leading real estate developers, has announced the completion of its premium high-street retail project, M3M Route65, located in Sector 65, Golf Course Extension Road, Gurugram...
- India eyes trade secrets law to plug big IP gap 06 October 2025, brandequity.economictimes.indiatimes.com India is exploring a dedicated trade secrets law. This aims to protect unpatented inventions currently covered by contract law. The commerce ministry holds consultations on this proposed legislation. A Law Commission bill defines trade secrets as confidential business information with commercial worth. This new law would grant rights against misappropriation. It offers indefinite protection, unlike other intellectual property...
- How AI is turning shopping into a single automated decision 06 October 2025, exchange4media.com With impressions & clicks seemingly fading in relevance, AI assistants have becomes the primary commerce interface and brands who anticipate this will dominate in ways that look invisible today..
- Ivana Jewels eyes pan-India expansion, ropes in Mouni Roy as brand ambassador 06 October 2025, retail.economictimes.indiatimes.com Ivana Jewels, a lab-grown diamond brand, appointed Mouni Roy as its brand ambassador and launched its first TV commercial, signaling a major national expansion. The company plans 150 stores by March 2030 and aims for Rs 60 crore revenue by FY26, focusing on accessible, sustainable luxury for modern consumers...
- PVR INOX expects strong festive season, clocks 50% occupancy during Dussehra 06 October 2025, retail.economictimes.indiatimes.com PVR INOX saw a robust Dussehra weekend, exceeding 50% occupancy and 8.5 lakh admissions, anticipating a strong festive season. The cinema exhibitor expects continued growth, with Bollywood, Hollywood, and regional films successfully attracting diverse audiences to its numerous screens...
- Delhi’s new liquor policy in pipeline; may end Gurugram runs for cheaper alcohol, premium brands 06 October 2025, financialexpress.com Do you or your friends often travel to Gurugram to buy liquor at cheaper prices? If yes, that may change soon. The Delhi government is reportedly considering bringing liquor prices in line with those in the National Capital Region (NCR) cities, particularly Gurugram, to ensure uniformity, especially in the premium segment...
- US-based Sonos bets on India as premium audio demand rises despite global slowdown 03 October 2025, brandequity.economictimes.indiatimes.com Sonos is intensifying its focus on India, identifying it as a rapidly growing market in Asia-Pacific despite a global revenue decline. The company is expanding its presence and localizing offerings, noting strong demand for premium, integrated audio systems among Indian consumers. Sonos aims to leverage its core strengths amidst competition in the evolving home audio segment...
- Consumer cos cheer as GST cuts light up Navratri sales, demand highest in more than a decade 03 October 2025, retail.economictimes.indiatimes.com Indian consumer goods and auto companies experienced their best Navratri sales in over a decade, with growth ranging from 25% to 100%. Reduced GST and product prices fueled this surge, significantly boosting consumer sentiment. Maruti Suzuki doubled sales, while electronics brands like Haier saw high double-digit growth, setting a positive tone for the upcoming Diwali season...
- Consumer cos cheer as GST cuts light up Navratri sales, demand highest in more than a decade 03 October 2025, retail.economictimes.indiatimes.com Indian consumer goods and auto companies experienced their best Navratri sales in over a decade, with growth ranging from 25% to 100%. Reduced GST and product prices fueled this surge, significantly boosting consumer sentiment. Maruti Suzuki doubled sales, while electronics brands like Haier saw high double-digit growth, setting a positive tone for the upcoming Diwali season...
- Quick commerce reshapes festive shopping with idols, sweets, puja essentials 03 October 2025, retail.economictimes.indiatimes.com Quick-commerce platforms like Blinkit and Zepto are rapidly dominating festival puja essential sales, with the "spiritual commerce" segment nearing Rs 900 crore annually. Consumers increasingly prefer these platforms for convenience and curated assortments. Spiritual apps are also expanding into e-commerce, delivering prasad and religious items, reflecting a significant shift in festive buying habits...
- Customer service shouldn’t be left to AI agents 03 October 2025, brandequity.economictimes.indiatimes.com In the age of AI, great customer experience (CX) hinges not on speed alone, but on empathy. This article explores why fully automating customer service with AI can backfire—especially in moments of distress—and makes a strong case for a hybrid model where humans and AI collaborate. Efficiency gets you in the door; empathy earns trust...
- Maurice Lacroix eyes India to be among its top 5 markets as accessible luxury gains traction 01 October 2025, retail.economictimes.indiatimes.com Maurice Lacroix, an accessible luxury brand that was founded in 1975 and entered India in 2019 with Ethos, is eyeing India to become one of the top 5 performing markets over the next 2-3 years, Stephane Waser, MD, Maurice Lacroix, told ETRetail. Maurice Lacroix is leveraging India’s growing base of luxury-aware consumers and rising disposable incomes to drive growth...
- Maurice Lacroix eyes India to be among its top 5 markets as accessible luxury gains traction 01 October 2025, retail.economictimes.indiatimes.com Maurice Lacroix, an accessible luxury brand that was founded in 1975 and entered India in 2019 with Ethos, is eyeing India to become one of the top 5 performing markets over the next 2-3 years, Stephane Waser, MD, Maurice Lacroix, told ETRetail. Maurice Lacroix is leveraging India’s growing base of luxury-aware consumers and rising disposable incomes to drive growth...
- EBG Group partners with Native Touch to expand with over 100 outlets across India 01 October 2025, retail.economictimes.indiatimes.com The expansion is expected to generate more than 5,000 direct and indirect jobs. EBG Group plans to invest Rs 10-75 lakh per outlet as part of the rollout, aiming to scale Native Touch across metro, Tier 1 and 2 cities...
- Cookware biz undergoes major shift as more & more men enter kitchens in urban India 01 October 2025, retail.economictimes.indiatimes.com Across Indian cities, more men are entering the kitchen, profoundly changing cookware shopping habits. Companies like Stahl Kitchens and Wonderchef report a significant increase in male buyers, driven by health awareness and flexible work patterns. This trend signals a market shift, prompting the industry to rethink product design and marketing for a broader, gender-balanced audience...
- Why Ikea is eyeing the Indian Kitchen 01 October 2025, brandequity.economictimes.indiatimes.com The Indian kitchen is transforming into a lifestyle hub. Its market is projected to grow to three times its current size, over the next five years. Ikea is strategically entering this space by offering smart, durable solutions for Indian cooking. The brand provides competitive pricing and adapts its catalogue and also targets new consumer trends like male entry into cooking...
- Garnishing with Purpose 29 September 2025, brandequity.economictimes.indiatimes.com The article discusses the role of purpose in modern business. It observes purpose often serves as a superficial element in advertising and technology. Purpose works effectively as a guiding philosophy. Without proper context, purpose can conceal strategic gaps. It can also foster a self-importance. Genuine purpose is vital for brand development...
- Your home can be the new turf for another Ambani-Mittal clash 29 September 2025, brandequity.economictimes.indiatimes.com Reliance and Bharti are poised to intensify competition in India's consumer durables market, challenging established MNCs. Reliance is already making strides with its Wyzr and Kelvinator brands, while Bharti explores strategic partnerships like the potential Haier India deal. This rivalry promises increased innovation, competitive pricing, and a wider range of choices for Indian consumers...
- The Dissection of Gen Z Audience 29 September 2025, brandequity.economictimes.indiatimes.com India's Gen Z controls significant spending power. They demand authentic brand interactions. Traditional marketing fails to engage this demographic. Social media is their primary shopping inspiration. Brands must prioritize values, mobile-first design, and creator partnerships. Loyalty now stems from purpose and community. This generation expects personalization and utility from brands...
- Ecommerce festive sales temper down after big September 22 surge 29 September 2025, retail.economictimes.indiatimes.com After kicking off their flagship festive sales with a bang, etailers are now seeing demand cool off, according to industry executives, brand founders and analysts. However, most expect momentum to return as Diwali approaches...
- SLMG Beverages lines up $1 billion investment, expects double-digit growth by next fiscal end 23 September 2025, retail.economictimes.indiatimes.com SLMG Beverages, a major Coca-Cola bottler in India, is investing $1 billion over six years to expand in Uttar Pradesh, Bihar, and Uttarakhand. The investment will boost manufacturing capacity, warehousing, and logistics. With new plants and infrastructure, SLMG aims to capitalize on India's high growth potential in the beverage sector, driven by GST tax cuts and increased consumer demand...
- From Showrooms to Shelves: How U.S. tariffs will ripple through Indian retail supply chains 23 September 2025, retail.economictimes.indiatimes.com Recent U.S. tariffs on Indian goods are disrupting retail, impacting electronics and consumer spending, especially during the festive season. Retailers face squeezed margins and potential stockouts, prompting strategic shifts like vendor diversification and local sourcing. While short-term challenges exist, these tariffs could accelerate India's journey toward self-reliance and domestic manufacturing, reshaping the retail landscape...
- Myntra enables B2B purchases for businesses ahead of festive season 23 September 2025, retail.economictimes.indiatimes.com Myntra has broadened its platform, enabling registered businesses to directly acquire fashion, beauty, and lifestyle items. This expansion addresses conventional wholesale procurement gaps by streamlining bulk and small-volume purchases. With GST-compliant invoicing and quality verification, the platform offers access to over 10,000 brands and 40 lakh SKUs, enhancing supply chain efficiency...
- Over half of Indian consumers prefer homegrown brands: Rukam Capital report 23 September 2025, retail.economictimes.indiatimes.com A recent Rukam Capital report reveals that a majority of Indian consumers favor homegrown and small business brands due to relatability and innovation. The survey across 18 states indicates that 58% prefer local brands, with 76% valuing eco-friendly products. While discounts drive purchases, customer service and quality remain crucial...
- 79% of festive shoppers engage more with multilingual ads: Report 23 September 2025, brandequity.economictimes.indiatimes.com Affle's "India’s Festive Pulse 2025" report reveals a mobile-first, omnichannel shopping experience driven by hyper-personalisation and regional content. Consumers, especially in Tier 2 and 3 cities, are actively browsing across multiple devices, with social media and mobile ads heavily influencing their purchase decisions. Marketers are prioritizing sales conversions through localized campaigns and short-form videos, adapting to the evolving consumer journey...
- The marketing challenge of building credibility in sensitive categories 23 September 2025, brandequity.economictimes.indiatimes.com In sensitive B2C sectors like healthcare, credibility is paramount for growth, surpassing price and marketing spend. It's built on solving user queries with quality solutions from authoritative experts. Brands like Tata 1mg and PharmEasy have demonstrated how focusing on user needs and transparency can establish trust and market leadership...
- How fashion retailers stay relevant amid fast fashion and micro-moments 17 September 2025, retail.economictimes.indiatimes.com Indian fashion retailers face relevance challenges. Industry leaders at The FashionXP discussed strategies. Liberty Group focuses on sustainable trends and premiumization. Mysore Saree Udyog blends heritage with innovation. 1 India Family Mart addresses value-conscious customers. They leverage technology to meet demands. Retailers aim to predict consumer micro-moments. Tradition's enduring strength remains vital for brands...
- Unilever wants India to have an 'ice-cream moment' this Diwali 17 September 2025, retail.economictimes.indiatimes.com Unilever aims to disrupt India's Diwali mithai tradition with its ice cream brands like Kwality Wall's and Magnum, drawing inspiration from successful seasonal campaigns in other markets. The company plans to leverage its demerged ice cream biz to focus on local market strategies, potentially introducing special products, promotions and advertising to create an 'ice-cream moment' during the festival...
- India's Aditya Birla Fashion launches value retail brand OWND!, takes on Trent's Zudio 17 September 2025, reuters.com Indian retailer Aditya Birla Fashion and Retail (ADIA.NS), opens new tab launched affordable fashion brand "OWND!" on Tuesday, aimed at capturing Gen Z shoppers in a move that pitches it against Trent's (TREN.NS), opens new tab fast-growing budget apparel chain Zudio...
- GST cut call takes wind out of sales: Surge after September 22 may offset decade-low slump 16 September 2025, retail.economictimes.indiatimes.com Sales of cars, electronics, and apparel have significantly declined. This drop happened after the Goods and Services Tax (GST) rate cut announcement. Consumers and retailers are delaying purchases. They are waiting for the September 22 rollout. Major retailers experienced a sharp decrease in sales. They anticipate a surge in demand after the GST implementation...
- Growing logistics strain dampens ecommerce’s festive season sales vibe 16 September 2025, retail.economictimes.indiatimes.com As India gears up for the festive season, online retailers are facing logistics challenges as record sales are anticipated this year. Companies are adding warehousing capacity and last-mile delivery, but it has failed to keep up with surging demand, pressuring supply chains. ..
- Retail real estate leasing finds new appetite in food & beverage segment 16 September 2025, retail.economictimes.indiatimes.com India's food and beverage industry is significantly boosting retail real estate, driving leasing activity in major cities. F&B leasing has increased to 22% of overall retail activity, with developers allocating more space to dining and entertainment. Bengaluru, Mumbai, and Delhi-NCR lead this expansion, supported by both domestic and international brands entering the Indian market...
- Brand Concepts to launch luxury label Off-White in India 16 September 2025, retail.economictimes.indiatimes.com Brand Concepts Ltd. has partnered with luxury streetwear label Off-White to launch the brand in India, marking the company's entry into the luxury fashion segment. This strategic move aims to capitalize on the increasing demand for international luxury brands among Indian consumers...
- Usha Shriram plans to foray into FMCG 16 September 2025, retail.economictimes.indiatimes.com Usha Shriram, known for electrical appliances, is venturing into the FMCG sector with the launch of its packaged drinking water brand, "Aquaero." The company plans to introduce a range of products, including atta, maida, besan, pulses, spices, edible oil, and ghee, under the Usha Shriram brand over the next two years with an investment of Rs 300 crore...
- The Bear House eyes to become a Rs 500 crore brand; expedites offline expansion in India and abroad 16 September 2025, retail.economictimes.indiatimes.com The Bear House, a men's apparel and accessories brand, plans a Rs 55 crore investment to expand internationally and strengthen its Indian offline presence, aiming to become a Rs 500 crore brand by FY27...
- Subscribe or unsubscribe: How brands are giving consumers ctrl in the subscription game 16 September 2025, brandequity.economictimes.indiatimes.com The subscription economy promised convenience but delivered anxiety. As monthly payments pile up without building equity, consumers are revolting against endless access fees, forcing brands to reimagine value delivery through ownership models, flexible tiers and hybrid structures that respect customer autonomy over corporate convenience...
- Burgers to beauty: Brands ride Korean wave 16 September 2025, brandequity.economictimes.indiatimes.com Indian Gen Zs are embracing Korean culture, impacting food, fashion, and beauty. This trend, fueled by K-dramas and music, is expanding beyond Gen Z. Companies like Reliance Tira and KFC India are capitalizing on this wave. Korean beauty products are gaining popularity in smaller towns. Restaurants are also incorporating Korean cuisine into their menus...
- Lab-grown diamonds set for a 20–25% festive sales surge as India embraces affordable luxurys 16 September 2025, afaqs.com Major jewellery brands such as GIVA, Jewelbox and more, along with market insights from Hansa Research, map the growing role of lab-grown diamonds in India’s jewellery market...
- NHRC notice to MeitY over allegation that e-commerce major 'selling prohibited knives' 15 September 2025, retail.economictimes.indiatimes.com The NHRC has issued a notice to the Ministry of Electronics and Information Technology following a complaint that Amazon India is allegedly selling prohibited knives. A social activist claims this violates the Arms Act, posing a threat to public safety...
- FMCG majors roll out trade notices ahead of GST rate cut on household essentials 15 September 2025, livemint.com India's top consumer goods makers, including Hindustan Unilever Ltd, P&G and L’Oréal, have sent out communication to general trade partners regarding the lowering of goods and services tax (GST) on household items...
- Fits, feeds and futures: How brands win Gen Z fashion 15 September 2025, brandequity.economictimes.indiatimes.com Gen Z, or those born between 1997 and 2012, may be the largest and most influential consumer group driving India’s demographic dividend. Like youth cohorts before them, they differ sharply from previous generations in their aspirations and consumer culture. The marketing playbook has been rewritten to cater to their preferences. This piece explores how new-age brands are engaging Gen Z by leaning into content, culture, and authenticity...
- The end of mass-produced food business? 15 September 2025, brandequity.economictimes.indiatimes.com The Kraft-Heinz merger, once hailed as a triumph of Big Food, is now faltering due to shifting consumer preferences. The demand for personalized experiences and unique products has disrupted the mass production model. This shift towards individuality, driven by technology and a desire for authenticity, threatens industries beyond food, signaling the end of the common denominator approach...
- Amazon expands 10-minute delivery service Now to Mumbai 12 September 2025, brandequity.economictimes.indiatimes.com Amazon Now expands to Mumbai after success in Bengaluru and Delhi. The e-commerce giant sees growth and plans more dark stores. This expansion precedes the Great Indian Festival sale. Amazon aims for faster shopping with essentials delivered quickly. The service offers groceries, personal care, and more. Amazon enters the quick commerce market alongside Blinkit and Instamart...
- H&M debuts beauty range in India 12 September 2025, afaqs.com H&M has announced the India debut of its Beauty concept, expanding its portfolio beyond fashion and home. The line introduces more than 200 products across makeup, fragrances and beauty tools, combining global innovation with locally produced offerings...
- Reliance Consumer to invest ₹1,500 crore in Nagpur food unit by 2026 12 September 2025, retail.economictimes.indiatimes.com FMCG firm Reliance Consumer Products Ltd (RCPL) will invest over Rs 1,500 crore to set up an integrated facility for food products & beverages at Katol in Maharashtra. RCPL, the FMCG arm of billionaire Mukesh Ambani-led Reliance Industries, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to set up the unit in Nagpur...
- Kuwait’s new social media and advertising rules: what every celebrity and influencer must know 11 September 2025, brandequity.economictimes.indiatimes.com Kuwait is introducing strict licensing rules under a new Media Law requiring social media influencers and celebrities to obtain official approval before advertising products online. Aimed at curbing fraudulent promotions, the law mandates verification of influencer accounts and ensures all advertised goods are legally approved. Violations will face prosecution, with oversight by the Ministries of Information and Commerce...
- Nike answers ‘why do it?’ to today’s generation 09 September 2025, brandequity.economictimes.indiatimes.com Nike relaunches its iconic 'Just Do It' campaign. The new chapter is titled 'Why Do It?'. It encourages young athletes to find their personal reasons for pursuing sports. The campaign features global athletes like Carlos Alcaraz and Lebron James. It highlights resilience and courage. The aim is to inspire a new generation to define success on their own terms...
- Good Glamm founder Darpan Sanghvi launches startup acceleration platform CoFounder Circle 08 September 2025, retail.economictimes.indiatimes.com The artificial intelligence (AI)-led platform is designed to provide entrepreneurs access to cofounders, team members, interns, fractional operators, service providers, vendors, AI-powered software tools, mentors, incubators and investors...
- Good Glamm founder Darpan Sanghvi launches startup acceleration platform CoFounder Circle 08 September 2025, retail.economictimes.indiatimes.com The artificial intelligence (AI)-led platform is designed to provide entrepreneurs access to cofounders, team members, interns, fractional operators, service providers, vendors, AI-powered software tools, mentors, incubators and investors...
- Food companies upbeat, expect consumer choice to shift to branded products 08 September 2025, brandequity.economictimes.indiatimes.com Packaged food companies anticipate a significant shift from unbranded to branded products. This change is expected in categories like paneer, ghee and namkeens. The GST reduction will narrow the price gap. The price difference with local varieties will decrease by 4-13%. The GST council reduced taxes on daily use food items. New rates will be effective from September 22...
- High stakes for high fashion: brands bet on luxury revival on the catwalk 08 September 2025, brandequity.economictimes.indiatimes.com As the fashion world eagerly anticipates the latest collections from iconic brands like Chanel and Dior, the luxury sector grapples with an economic downturn and shifting consumer tastes. There's a wave of new leadership and creative direction, putting an urgent spotlight on emerging designers to rekindle enthusiasm and drive sales...
- GST 2.0: Consumer cos readying big festive splash to boost sales 08 September 2025, brandequity.economictimes.indiatimes.com Indian consumer companies, including Reliance Retail and automakers like Hyundai, are increasing marketing and advertising budgets by 15-20% this festive season, spurred by GST cuts effective September 22. These companies aim to attract customers with lower prices and boost sales. Sony India anticipates significant growth in large-screen TV sales, while Parle Products plans increased advertising to gain market share...
- Italian luxury brand Off-White to enter India with Brand Concepts, $5 million outlay 08 September 2025, indiaretailing.com Italian luxury streetwear brand Off White will make its India entry in the first quarter of 2026 through an exclusive long-term distribution partnership with fashion retail house Brand Concepts Ltd., a top company official told IndiaRetailing...
- Cannabis-based meds give a new high to India's wellness market 05 September 2025, retail.economictimes.indiatimes.com India's wellness market sees more mental health products. Brands sell gummies, CBD oil, and mushroom pills. Cannabis medicines gain focus with clearer rules. The cannabis product industry is growing fast. Ayurvedic doctors have used cannabis for years. D2C companies sell cannabis products. Experts worry about safety. Regulations are becoming clearer for these products. More D2C brands are entering the market...
- Swiggy launches instant gifting platform 'Giftables' for quick, customised gifting 05 September 2025, retail.economictimes.indiatimes.com With this move, Swiggy is in direct competition with existing gifting services such as Ferns and Petals (FnP) and Indian Gifts Portal (IGP), aiming to capture a share of the growing demand for last-minute and personalised gifting solutions...
- Brand Studio Lifestyle to expand retail network to 75 outlets by FY26 05 September 2025, retail.economictimes.indiatimes.com Brand Studio Lifestyle aims to expand its offline presence to 75 exclusive brand outlets by March 2026, complemented by shop-in-shop setups in 600 large format stores. Highlander and Tokyo Talkies recently launched a 12,000 sq. ft. flagship store in Bengaluru, marking their 40th outlet since entering the offline market in February 2024...
- Good Glamm founder Darpan Sanghvi launches startup acceleration platform CoFounder Circle 05 September 2025, retail.economictimes.indiatimes.com The artificial intelligence (AI)-led platform is designed to provide entrepreneurs access to cofounders, team members, interns, fractional operators, service providers, vendors, AI-powered software tools, mentors, incubators and investors...
- Cause-related marketing campaigns – a solution to drive social impact? 05 September 2025, brandequity.economictimes.indiatimes.com Brands now focus on social causes. This helps them connect with consumers. Cause-Related Marketing is a key strategy. Consumers want socially responsible products. Companies invest more in these campaigns. Mama Earth and P&G's Shiksha are examples. Authenticity is crucial for building trust. Brands can foster consumer engagement. This also drives societal progress. ..
- The great middle squeeze — why brands serving the mid-tier are collapsing 05 September 2025, brandequity.economictimes.indiatimes.com The middle class is facing economic pressures, leading to a collapse of the center in various sectors like politics and sports. Businesses catering to the middle are struggling due to high costs and lack of differentiation. Successful brands now focus on either mass appeal or niche markets, requiring a fundamental rethinking of business models to thrive in this evolving landscape...
- Amazon launches 'Lens Live' an AI-powered visual search for real-time shopping 04 September 2025, brandequity.economictimes.indiatimes.com Amazon has launched Lens Live, an AI-powered feature integrated into its shopping app, enabling users to instantly identify and shop for products seen in the real world. Combining real-time visual search with the Rufus AI assistant, Lens Live offers a seamless shopping experience. Currently available for iOS users in the US, it will soon expand to more users...
- Celebrity endorsements in India: A dynamic shift in brand partnerships in early 2025 04 September 2025, brandequity.economictimes.indiatimes.com In the first half of 2025, Indian television advertising saw celebrity endorsements account for 29% of ads, a 12% decline from 2023. Film stars dominated, led by Shah Rukh Khan's extensive airtime and M.S. Dhoni's numerous brand deals. Food and beverages led sector-wise, with male celebrities dominating those ads, while female celebrities led in personal care...
- PVR INOX’s Smart Screens: Pramod Arora on how a new format could change movie-going in Bharat 04 September 2025, retail.economictimes.indiatimes.com In an interview with ETRetail, Pramod Arora, CEO, Growth & Investment at PVR INOX, said the company is ready to launch its Smart Screen Cinema Initiative, a format designed to bring quality cinema to tier-2 and tier-3 towns at a price about 30–35 per cent lower than today’s average multiplex ticket of Rs 254...
- Community ecommerce startup CityMall raises $47 million at flat valuation 04 September 2025, retail.economictimes.indiatimes.com Existing investors, including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures, participated in the round, which was a mix of equity and debt. The fresh funds will be used to deepen its presence in current markets, expand into adjacent regions, grow its portfolio of private labels and brand partnerships, and hire new talent...
- Festival shopping trends: A tale of shopper optimism, caution and celebration 01 September 2025, brandequity.economictimes.indiatimes.com A recent survey by Hansa Research highlights a vibrant trend in India's festive spending habits. Major celebrations like Raksha Bandhan, Ganesh Chaturthi, Diwali, and Christmas spark a shopping frenzy. While digital platforms dominate, brick-and-mortar stores still play a crucial role. Popular items include traditional clothing, delectable sweets, and cutting-edge electronics. Interestingly, gifting preferences are shifting towards experiential gifts and unique, local crafts...
- Labubu fans flock to stores after launch of mini dolls 01 September 2025, brandequity.economictimes.indiatimes.com Labubu, the fanged dolls created by Pop Mart, have become a global phenomenon, captivating celebrities and consumers alike. The latest mini Labubu release sold out rapidly online, with enthusiasts like Maki Li eagerly collecting them. These toys have gained popularity as affordable sources of joy and companionship, even catching the attention of Chinese officials as symbols of new consumer trends...
- Reliance Retail set to invest Rs 40,000 crore in food parks 01 September 2025, brandequity.economictimes.indiatimes.com Reliance Retail Ventures plans to invest INR 40,000 crore over three years to establish integrated food parks across India, aiming to become the country's largest consumer goods company. Reliance Consumer Products (RCPL) has already achieved significant growth, reaching INR 11,500 crore in annual revenue and challenging established players like PepsiCo and Coca-Cola with its Campa Cola brand...
- Kumar Mangalam Birla eyes big play in Indian fashion with two-entity strategy 01 September 2025, retail.economictimes.indiatimes.com Aditya Birla Group aims to seize prospects in India's evolving fashion sector. Kumar Mangalam Birla highlights India's growing GDP and consumer aspirations. The group has demerged Aditya Birla Lifestyle Brands Limited. Focus is on organic growth and profitability. ABLBL targets double-digit revenue growth. Pantaloons will prioritize profitability...
- Online shoppers press pause button ahead of GST changes; festivities to boost sales: Analysts 01 September 2025, retail.economictimes.indiatimes.com Anticipation of upcoming GST reforms has led e-shoppers to delay purchases, particularly in electronics and appliances, expecting lower tax rates. Analysts say this temporary dip will reverse with festive demand. The proposed two-rate GST system is expected to boost affordability, spur consumption, and drive a strong rebound in e-commerce sales...
- Papa John’s plots its second slice of India’s Rs 15,000 cr pizza market 01 September 2025, financialexpress.com And if you are a brand that has vacated its space for eight long years you have a lot of catching up to do. As a first step, you would be required to reconnect with your customers, and also subscribers and followers, as personally as possible...
- Dubai Shopping Malls Launch Virtual Worlds on Roblox Platform 01 September 2025, gulf-insider.com Dubai shopping malls have been recreated as virtual worlds inside the globally popular Roblox gaming platform. As part of Dubai Summer Surprises, Mall of the Emirates and City Centres are revolutionising the shopping experience with the virtual activation. For the first time ever, players worldwide can explore, play, compete, and win in fully reimagined digital versions of these iconic malls...
- Festive ecomm shopping to deliver ₹1l crore milestone and then some 29 August 2025, retail.economictimes.indiatimes.com Indian online retailers anticipate record sales this festive season. Ecommerce giants like Amazon India and Flipkart are preparing for increased demand. Quick commerce platforms such as Blinkit and Instamart are also gearing up. Grocery and appliances are expected to drive sales. The festive season is crucial after weak sales in previous quarters. GST revisions could further boost demand...
- Festive sales hit as brands flag tighter consumer credit lines 29 August 2025, retail.economictimes.indiatimes.com Consumer finance availability is tightening due to rising loan defaults and stricter lending practices by banks and NBFCs, impacting sales of high-value items like electronics and luxury goods. Some regions face complete credit blocks due to new laws against coercive recovery, further hindering access to finance for genuine customers...
- Amazon adds 12 fulfillment centers, 6 sort centers ahead of festive season 29 August 2025, retail.economictimes.indiatimes.com Amazon has significantly broadened its operational footprint in India, introducing 12 new fulfillment centers and six sort centers. This expansion adds 8.6 million cubic feet of storage and 500,000 square feet of sortation space across various cities, including Delhi NCR, Bengaluru, and Kolkata...
- Flipkart expands supply chain capacity ahead of festive season 29 August 2025, retail.economictimes.indiatimes.com Flipkart is enhancing its supply chain infrastructure by adding new fulfillment centers and last-mile hubs in multiple cities, expanding its reach to over 21,000 pincodes. This expansion includes a regional distribution center in Manesar and a grocery center in Agartala, creating over 2.2 lakh seasonal job opportunities with a focus on inclusivity...
- bigbasket sells over 35,000 Ganesh idols on Ganesh Chaturthi 29 August 2025, thehindubusinessline.com The company states that the food and vegetable category witnessed a sharp spike this Ganesh Chaturthi with over 1.3 lakh banana orders delivered across cities...
- Auto, electronics dealers pull plug on festive stock 29 August 2025, brandequity.economictimes.indiatimes.com The GST Council may meet in September to finalise new rates. Consumers are delaying purchases, awaiting potential price drops...
- Festive season expected to see shipments by ecommerce companies, online sellers surge 27% to Rs 1.2 lakh crore: Report 29 August 2025, brandequity.economictimes.indiatimes.com Quick commerce is projected to account for Rs 14,010 in sales in 2025 in terms of net order value (NOV), the report added. NOV is the gross order value (GOV) minus discounts offered by brands/sellers/banks or the platform...
- The Pan-India Playbook: Why national brands are joining the Onam sadya 29 August 2025, exchange4media.com With a good monsoon, higher remittances, festive allowances, and a general lift in retail demand, Kerala’s markets are witnessing a surge in brand activity this Onam. Industry watchers point towards a wave of positive consumer sentiment...
- Crocs: How the once-mocked 'ugly shoes' became a $4 billion brand 29 August 2025, brandequity.economictimes.indiatimes.com Once dismissed as clunky and “seriously ugly”, Crocs has staged one of fashion’s most unlikely comebacks. The American footwear brand, born in 2002, has gone from the brink of bankruptcy in 2009 to posting record sales of over $4 billion in 2024, and the momentum continues in 2025...
- The new gold standard: How luxury brands are selling silence as status 28 August 2025, brandequity.economictimes.indiatimes.com From soundproof sanctuaries to digital detox retreats, silence has emerged as the rarest commodity, transforming absence into aspiration and redefining what it means to live luxuriously in the modern age. Brands selling silence, solitude, and sensory deprivation as luxury products and experiences represent a radical departure from traditional luxury marketing. In an overstimulated world, these trailblazers are discovering that the ultimate indulgence isn't more, it's less. ..
- Beverage companies seek 'sugar-based' tax in line with global models 28 August 2025, brandequity.economictimes.indiatimes.com The Indian Beverage Association urges the finance ministry for a sugar-based taxation system, aligning with global standards, ahead of a crucial GST Council meeting. They argue the current 40 per cent tax on all aerated drinks, including healthier low/no-sugar and fruit-based options, is unfair. This request comes amid a surge in popularity for low-sugar beverages, reflecting health-conscious consumer choices...
- China’s biggest online shopping website Temu resumes direct shipping to US: Report 28 August 2025, brandequity.economictimes.indiatimes.com Temu has resumed direct shipments from Chinese factories to the US and increased advertising spending following a temporary tariff reduction agreed upon by Washington and Beijing. While this benefits Temu in the short term, the US is set to end de minimis exemptions in August, meaning all low-cost parcels will face tariffs...
- Generative Engine Optimisation (GEO) and GenAI Traffic Trends: A practical guide for digital marketers 28 August 2025, brandequity.economictimes.indiatimes.com Generative AI is transforming consumer discovery, with traffic to retail sites surging. Consumers now seek personalised advice and curated recommendations from AI platforms, leading to a new kind of marketing funnel. Brands must adapt by optimizing for AI discovery, strengthening authority, and tailoring on-site experiences to engage this evolving audience...
- Gaursons Group to mortgage mall to clear ₹315 crore dues for registry of over 2,000 flats 28 August 2025, realty.economictimes.indiatimes.com GNIDA has conditionally approved Gaursons Group's proposal to mortgage part of Gaur City Mall to secure farmer compensation dues. This move aims to enable the execution of approximately 2,100 pending sub-lease deeds across three housing projects, offering relief to residents awaiting legal ownership. An independent valuation will assess the mall's security value before registries can proceed...
- Papa John’s to re-enter India after 8 years, first store to open in Bengaluru 28 August 2025, afaqs.com U.S.-based pizza chain Papa John's plans to make a comeback in India by October, aiming to open 650 stores over the next decade. The world's third-largest pizza delivery company, which exited India in 2017 due to underperformance, will launch its first outlet in Bengaluru, Vish Narain, managing partner at Pulsar Capital told Reuters...
- REIT penetration in Indian office market can hit 30% by 2030: Colliers India 27 August 2025, retail.economictimes.indiatimes.com A Colliers India report projects India's office REIT penetration to reach 25-30% by 2030, up from the current 16%. Approximately 500 million sq ft of office assets are REIT-worthy, with significant potential in secondary business districts. Bengaluru, Hyderabad, and Delhi NCR hold the largest share of future REITable stock...
- Smartphone companies dial up discounts & new models to boost festive sales 27 August 2025, brandequity.economictimes.indiatimes.com Smartphone brands in India face challenges clearing excess inventory from the first half of 2025 due to low demand, prompting strategic adjustments for the upcoming festive season. Companies like Xiaomi and Realme are offering incentives to retailers, while Transsion adopts shorter product lifecycles. Market forecasts predict a flat festive period, with brands testing strategies amid financial constraints for some...
- India’s music licensing market bleeds Rs 10,000 cr, Hoopr bets on fixing the gap 27 August 2025, brandequity.economictimes.indiatimes.com India’s music licensing industry is bleeding losses of over ₹8,000–10,000 crore annually due to rampant infringement and unpaid royalties, leaving artists underpaid and brands exposed to legal risks. Spotting this gap, IIM-A graduate and musician-turned-entrepreneur Gaurav Dagaonkar founded Hoopr in 2021...
- FMCG biggies take the fight to regional rivals 27 August 2025, brandequity.economictimes.indiatimes.com Large FMCG firms are set to aggressively compete with smaller regional players after recent market share losses. Moderating commodity prices enable them to lower product prices and regain business. Companies like Britannia, Marico, and HUL are implementing strategies such as targeted spending, promotional offers, and price reductions to counter the competition from smaller, agile manufacturers...
- 82% of Indian B2B marketers say trust is key in AI Era: Research 27 August 2025, brandequity.economictimes.indiatimes.com Artificial Intelligence is changing work, but human voices are key for brands. A LinkedIn study shows B2B leaders in India value trusted networks. Millennials and Gen Z want insights from people they trust. Marketers are investing in community content and creators. Effective brand moments spark conversations. Brands are partnering with LinkedIn for content from top voices...
- Multiplex Association of India pitches for lowering GST on movie tickets 27 August 2025, thehindubusinessline.com The Multiplex Association of India (MAI) has urged the GST Council and Finance Ministry to lower GST on movie tickets priced upto ₹300 to 5 per cent. Currently movie tickets priced upto ₹100 attract 12 per cent GST while above ₹100 priced tickets are taxed at 18 per cent GST...
- iPhone 17 series: Apple schedules 'Awe dropping' event for September 9 27 August 2025, retail.economictimes.indiatimes.com Apple has announced that it will be hosting its annual hardware launch event, titled ‘Awe dropping’ this year, on September 9 at the Steve Jobs Theater, Apple Park, California, US. At the event, Apple is expected to launch the iPhone 17 series, next-generation Apple Watch models, and the AirPods Pro 3...
- Being Human Clothing bets on Fairtrade and Gen Z engagement to drive conscious growth 26 August 2025, retail.economictimes.indiatimes.com Ayaan Agnihotri discussed Being Human's journey at ETRetail The Fashion XP. The brand started from Salman Khan's idea to use fashion for good. Being Human focuses on values and connects with Gen Z through purpose. The brand treats stakeholders as partners. It is now moving towards sustainability. Being Human will launch a Fairtrade cotton product this autumn-winter...
- Around 40% of all FMCG consumption in India to take place through online channels by 2030: Report 26 August 2025, retail.economictimes.indiatimes.com India's Fast-Moving Consumer Goods sector is changing. Online platforms may handle 40% of all consumption by 2030. Quick commerce drives this shift, especially in cities. Consumers now prioritize convenience. The middle class is growing, boosting spending. India's young population and economic progress support FMCG growth. Global companies are showing renewed interest. Rural areas are also growing fast...
- The rise of the microdrama 26 August 2025, retail.economictimes.indiatimes.com Microdramas, a new form of entertainment, are taking over social media platforms, providing short, episodic content. These bite-sized shows, often one to two minutes per episode, are a far cry from the lengthy sagas of traditional television. Ankush Sachdeva, co-founder and CEO, ShareChat & Moj says microdramas are now at the center of a strategy at ShareChat which is betting on these short narratives to drive its next phase of growth...
- Luxury watch brand Franck Muller planning Indian realty foray 22 August 2025, brandequity.economictimes.indiatimes.com Franck Muller is set to launch unique experience centers in India, aiming to engage watch enthusiasts beyond sales. The brand plans to introduce limited-edition collections celebrating Indian culture and is exploring its first real estate venture in India, potentially in Mumbai or Delhi, with an announcement expected next year...
- Hot drinks can be too hot and are even linked to cancer 22 August 2025, scroll.in Drinking a lot of very hot drinks could damage cells in the oesophagus lining and, it is believed, lead to cancer...
- ETRetail’s FAME Awards 2025 honour fashion and retail excellence; Ambience Mall, Being Human, Nykd by Nykaa among top winners 22 August 2025, retail.economictimes.indiatimes.com The FAME Awards 2025, held in Bengaluru, celebrated outstanding achievements in fashion, marketing, technology, and shopping centres. Winners were chosen by a jury emphasizing creativity and consumer relevance. Shital Mehta of Lifestyle International was named Fashion Retail Leader of the Year, and the Chairman of Nalli Group received a Lifetime Achievement Award, highlighting innovation and customer-centric strategies in Indian retail...
- Mukesh Ambani Plans to Double in 5 Years. What It Means for Reliance Retail 22 August 2025, indiaretailing.com Mukesh Ambani has set an audacious north star: double Reliance Industries’ size by FY30. Versions of this ambition have been articulated in recent forums, positioning the next five years as a scale-and-productivity sprint across energy, telecom, and retail...
- IKEA experimenting with linear store format, may extend to other markets 22 August 2025, indiaretailing.com Swedish furniture retailer IKEA, in order to push its growth further, is experimenting with a new format of stores that are smaller in sizes but accessible to consumers in smaller towns...
- The 3 click death trap: How to prevent cart abandonment 21 August 2025, brandequity.economictimes.indiatimes.com Seven out of ten Indian online shoppers add items to their cart, then vanish. Mobile users who comprise the majority of Indian shoppers abandon carts at an even higher rate of 75.5%, creating massive challenges for brands trying to convert browsers into buyers. Here's how leading Indian brands are using artificial intelligence and behavioural psychology to decode the real reasons behind cart abandonment and turn lost sales into loyal customers...
- FMCG brands build the foundations of their FPD strategy 21 August 2025, brandequity.economictimes.indiatimes.com FMCG brands are moving beyond traditional sales and media data to build robust first-party data strategies. With digital media and q-commerce enabling a better understanding of consumer journeys, leading FMCG companies such as Mondelez, ITC, Marico are launching large-scale FPD initiatives. The question is will FDP meaningfully transform the marketing playbook and yield growth for brands...
- IKEA plans aggressive India expansion with stronger local sourcing 21 August 2025, brandequity.economictimes.indiatimes.com IKEA is set to accelerate its growth in India. The company plans to add multiple customer touchpoints annually. Focus will be on local sourcing and a strong supply chain. IKEA will open new stores and planning studios. Localisation will increase to 50% by 2030. The company is investing in distribution centres and electric delivery vehicles...
- Big banner films still fail to deliver bang for the buck 21 August 2025, brandequity.economictimes.indiatimes.com Box office revival faces challenges. 'War 2' and 'Coolie' underperform despite high budgets. 'Saiyaara' achieves unexpected success. Experts cite weak scripts and lack of freshness. Audience finds visual effects in 'War 2' underwhelming. Producers focus on recovering investments. Exhibitors worry about formulaic filmmaking. The audience expresses disappointment with current trends. Content dictates sustained success...
- What will power marketing in the age of algorithms 21 August 2025, brandequity.economictimes.indiatimes.com FMCG brands are prioritizing first-party data strategies, leveraging q-commerce and D2C for deeper customer insights. The newsletter explores the evolution of marketing analytics, from gut instincts to data-driven decisions, and examines AI's role in mirroring and influencing human behavior. It also touches upon AI scanning chats and mental health concerns related to AI chatbots...
- IKEA India gearing up for second wave of growth: CEO Antoni 21 August 2025, retail.economictimes.indiatimes.com Ikea is embarking on a significant expansion phase in India, planning to introduce four to six new customer touchpoints annually. This acceleration is supported by increased local sourcing, aiming for 50% by 2030, and a robust logistics network including new distribution centers...
- Emami Agrotech enters branded staples market, eyes Rs 2,000-cr food biz in 3-5 years 20 August 2025, retail.economictimes.indiatimes.com The move marks the company's expansion into India's over Rs 80,000 crore branded staples category, as part of its strategy to scale the foods vertical to Rs 2,000 crore in the next three-five years, widening the staples basket and entering the ready-to-eat (RTE) market, officials said...
- House of Abhinandan Lodha partners with Zepto to market housing plots 20 August 2025, realty.economictimes.indiatimes.com House of Abhinandan Lodha (HoABL) has partnered with Zepto to market its residential plots, starting with premium plots in Vrindavan and Neral. This collaboration expands HoABL's reach by allowing customers to discover and engage with their offerings on the Zepto app. Prospective customers can connect with an HOABL expert within 10 minutes for guidance via video call...
- Reliance enters herbal beverage market, acquires majority stake in Naturedge Beverages 19 August 2025, retail.economictimes.indiatimes.com Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries, has acquired a majority stake in a joint venture with Naturedge Beverages, marking its entry into the functional health drink segment. Naturedge, known for its herb-infused zero-sugar beverage brand Shunya, will help RCPL expand its herbal-natural drinks portfolio. The JV aims to scale Shunya nationwide through Reliance’s distribution network...
- Will the third cut lift India's consumer companies? 19 August 2025, retail.economictimes.indiatimes.com Amid economic challenges, the government is set to implement GST rate rationalization, potentially reducing rates to spur demand. This move, expected by October, follows income tax cuts and interest rate reductions. While rural India currently leads in consumption, urban areas show signs of recovery...
- Amazon creates 1.5 lakh seasonal roles ahead of festive demand 19 August 2025, retail.economictimes.indiatimes.com Amazon India has created over 1.5 lakh seasonal roles across its facilities in 400 cities to prepare for the upcoming festive season. The company has onboarded thousands of women and over 2,000 persons with disabilities. This expansion aims to efficiently manage increased customer demand during the festive period, with many associates continuing their journey with Amazon beyond the season...
- Legally entitled, systemically blocked 19 August 2025, brandequity.economictimes.indiatimes.com Digital interfaces now regulate user rights. The article highlights how design choices on platforms can hinder lawful remedies like refunds. E-commerce interfaces often prioritise store credit over cash refunds, burying the latter option. This design can violate consumer protection laws. System errors denying services also raise concerns. Legal teams must audit user journeys to ensure compliance...
- Cycle Pure Agarbathi bets on rural demand, digital channels, and puja services for growth 19 August 2025, brandequity.economictimes.indiatimes.com Mysuru-based Cycle Pure Agarbathi aims for faster growth. The company focuses on rural markets and online sales. It is also expanding into astrology services and puja items. Digital advertising is increasing to understand consumers. The company exports to 75 countries, including Walmart in the US. Cycle Pure Agarbathi is not considering acquisitions or an IPO...
- Do online reviews hold too much shopping power? 19 August 2025, brandequity.economictimes.indiatimes.com Product reviews help buyers predict product experience. Reviews influence sales and stock prices. But reviews have flaws. Factors affect ratings. Smartphones, context, and expectations influence reviews. Fake reviews and AI-generated content are concerns. Smaller businesses are more likely to engage in review fraud. Reviews can be useful but have limitations. More research is needed to improve reviews...
- Independence Day fuels a revival in retail sales 18 August 2025, brandequity.economictimes.indiatimes.com Independence Day sales boosted retail across India. Discounts increased foot traffic and sales by 8-10%. Electronics, groceries, and apparel saw strong demand. Restaurants benefited from mall traffic and movie releases. Retailers hope for a strong festive season. Reliance Retail and BigBasket reported significant sales growth. Malls saw increased footfalls. The government plans to rationalize GST rates to boost consumption...
- Fandom over familiarity: How stars are conquering India’s shelves 18 August 2025, brandequity.economictimes.indiatimes.com In a market long dominated by legacy giants, India’s Gen Z is shifting allegiance to brands built and endorsed by celebrities and creators who operate as founders, not endorsers. From Kriti Sanon’s Hyphen to Gaurav Taneja’s Beastlife, fandom is emerging as the new currency of trust — and quick commerce is simply the delivery rail, not the story...
- Problematic convenience leads to overspending in quick commerce 18 August 2025, brandequity.economictimes.indiatimes.com Quick commerce is changing retail with fast deliveries. The market is growing, with revenue expected to reach billions. Apps like Zepto and Blinkit are popular. Consumers are spending more due to convenience. Small purchases add up, affecting budgets. Working parents, young professionals, and students are most affected. Instant gratification drives this trend in today's fast-paced world...
- Retailers shift focus from number of outlets to how much they let in 18 August 2025, brandequity.economictimes.indiatimes.com Retail chains in India are now focusing on profitability. They are setting strict targets for new stores. Underperforming outlets are being shut down. Digital brands are seeking high-traffic locations. Reliance Retail and others are slowing expansion. They prioritize profit per square foot. New stores must become profitable quickly. Mall operators are curating tenant mixes...
- FMCG bigwigs turn to D2C lifeline as inflation bites 18 August 2025, retail.economictimes.indiatimes.com Facing subdued demand and intense competition, leading consumer goods manufacturers in India are aggressively expanding their direct-to-consumer (D2C) presence through acquisitions and new brand launches. Companies like HUL, Marico, and Dabur are targeting the premium market segment with digital-first brands, witnessing substantial growth in this space...
- Retailers shift focus from number of outlets to how much they let in 14 August 2025, retail.economictimes.indiatimes.com Retail chains in India are now focusing on profitability. They are setting strict targets for new stores. Underperforming outlets are being shut down. Digital brands are seeking high-traffic locations. Reliance Retail and others are slowing expansion. They prioritize profit per square foot. New stores must become profitable quickly. Mall operators are curating tenant mixes...
- When people slim down, businesses bulk up 14 August 2025, retail.economictimes.indiatimes.com The rising popularity of weight-loss drugs like Mounjaro and Wegovy is poised to create new opportunities for various sectors beyond pharmaceuticals. Industries such as textiles, apparel, fitness, and food & beverage are expected to benefit, alongside wellness services like dermatology and cosmetic surgery, as consumers address post-weight loss needs and potential side effects...
- Rural gets past urban FMCG sales 14 August 2025, retail.economictimes.indiatimes.com Packaged consumer goods sales saw growth driven by villages and small manufacturers. Urban demand picked up, signaling improved market conditions. Rural markets outpaced cities for the sixth straight quarter. Sales volumes in villages grew faster than in urban areas. E-commerce channels continued to grow in the top eight cities. Small manufacturers are outpacing overall industry growth...
- Flipping the Script: Key to keeping mega brands on top? 14 August 2025, retail.economictimes.indiatimes.com The article highlights a strategic shift for both FMCG and fashion brands in response to evolving market dynamics. FMCG giants, traditionally reliant on distribution and advertising, now need to prioritize product superiority and digital integration...
- "Flipping the Script: Key to keeping mega brands on top?” 14 August 2025, brandequity.economictimes.indiatimes.com Fast-moving consumer goods and fashion brands in India are undergoing a strategic shift. E-commerce and social media are leveling the playing field. Smaller FMCG players are growing faster. Fashion brands are leveraging technology to meet niche consumer needs. FMCG giants must focus on product superiority. Fashion companies need digital transformation for agility...
- Amazon leases six lakh sq ft warehousing at Kolkata's Oswal Logistics Park 13 August 2025, realty.economictimes.indiatimes.com Amazon is expanding its Indian supply chain with a 600,000 sq ft built-to-suit facility at Oswal Logistics Park in Kolkata, expected by 2027-2028. This move, part of a larger leasing spree including 800,000 sq ft in Delhi NCR, highlights Amazon's bullish outlook on India's consumption growth and its strategy to enhance last-mile delivery capabilities...
- 11 Stores in a Day, Quick Commerce by Diwali: Inside Libas’ festive growth playbook 13 August 2025, retail.economictimes.indiatimes.com Libas, an Indian wear brand, is expanding its offline presence. Eleven new stores will open on August 15. The brand is also focusing on quick commerce through various platforms. Libas plans to launch its own quick commerce service by Diwali. They anticipate significant growth this festive season. The company aims to increase its revenue through online and offline channels...
- Star Localmart to expand presence to five states, sets Rs 5,000 crore revenue goal 13 August 2025, retail.economictimes.indiatimes.com Star Localmart, a rural-focused supermarket chain, is set to broaden its presence. Ghodawat Retail aims to venture into Maharashtra, Karnataka, Andhra Pradesh, Telangana, and Goa. The company targets Rs 5,000 crore in revenue within five years. Star Localmart plans to operate 3,000 outlets by 2030. This expansion will empower rural communities and support local businesses...
- 92% of Indians plan to maintain or increase festive spending in 2025: Survey 13 August 2025, retail.economictimes.indiatimes.com Indian consumers are gearing up for a vibrant festive season in 2025, with 92% planning to maintain or increase spending, according to the JioStar Festive Sentiment Survey. The average festive budget is ₹16,500, with apparel, mobiles, and electronics topping shopping lists...
- Groceries, supermarkets lead UPI merchant payments in July; debt collection tops by value 13 August 2025, brandequity.economictimes.indiatimes.com Among remitter banks, SBI led with 5.21 billion transactions, followed by HDFC Bank (1.54 billion), Bank of Baroda (1.33 billion), and Union Bank of India (1.2 billion). On the payment service provider side, Axis Bank processed the highest volume at 7.23 billion transactions with a 93.26% approval rate, followed by Yes Bank and ICICI Bank...
- Role of Brand Advocacy in B2B Influencer Marketing 12 August 2025, brandequity.economictimes.indiatimes.com In B2B marketing, influencer marketing prioritises expertise and reliability, contrasting with B2C's focus on emotional appeal. Brand advocacy, featuring industry experts and satisfied customers, builds trust and amplifies reach. Integrating both strategies, with influencers boosting advocacy programs, shortens sales cycles and enhances credibility, proving beneficial for B2B brands. Personalised advocacy content drives 20-30% higher conversion rates in Business-to-Business campaigns, showcasing the effectiveness of humanizing brands through relatable stories and industry insights...
- How India’s morning meal became big business 12 August 2025, brandequity.economictimes.indiatimes.com From parathas and filter coffee to protein bowls and trail mix, India’s breakfast has gone from kitchen ritual to billion-dollar battleground. Quick commerce delivers tradition and innovation in minutes, while brands like Farmley, Id Fresh Food, Veeba and MTR race to own the morning habit — where taste, trust and timing decide winners...
- PVR INOX banks on good movie releases, OTT fatigue for profitability: MD Ajay Bijli 12 August 2025, brandequity.economictimes.indiatimes.com PVR INOX aims to capitalize on a robust first quarter. Ajay Bijli cites new movie releases and waning OTT interest as key factors. The company saw a 12% increase in cinema visits. July releases and upcoming films like Rajinikanth's Coolie and War 2 fuel optimism. PVR INOX reported a reduced loss in Q1 2025-26...
- Demand storms back in July after rain check in a wet quarter 12 August 2025, brandequity.economictimes.indiatimes.com Consumer goods sales rebounded in July. Kirana store orders increased. Mobile phone and home appliance sales also rose. Haier India reported growth. A good monsoon boosted rural markets. Companies anticipate continued recovery due to easing inflation and government spending. E-commerce and offline channels saw improved business. The festive season is expected to be strong after two years...
- Why India is the next strategic market for global footwear brands 12 August 2025, brandequity.economictimes.indiatimes.com India's footwear market is experiencing rapid growth, driven by a young, fashion-conscious population and rising disposable incomes. Consumers are increasingly prioritizing quality, brands, and self-expression through footwear choices...
- Demand storms back in July after rain check in a wet quarter 12 August 2025, brandequity.economictimes.indiatimes.com Consumer goods sales rebounded in July. Kirana store orders increased. Mobile phone and home appliance sales also rose. Haier India reported growth. A good monsoon boosted rural markets. Companies anticipate continued recovery due to easing inflation and government spending. E-commerce and offline channels saw improved business. The festive season is expected to be strong after two years...
- Going Indi(a)genous: Desi malts take premium Scotch down a peg or two 12 August 2025, retail.economictimes.indiatimes.com Indian single malt whiskies are gaining popularity. They outsold Scotch imports in 2024. Brands like Indri, Paul John and Rampur are leading the market. Consumers are drawn to the quality and lower price of local whiskies. The Indian single malt segment experienced significant growth. More people are experimenting with these local options...
- Mukesh Ambani's Reliance launches Campa in Sri Lanka with Elephant House Beverages 12 August 2025, retail.economictimes.indiatimes.com Reliance Consumer Products, in partnership with Ceylon Cold Stores, is launching its Campa Beverages brand in Sri Lanka. The portfolio includes Campa Cola, Lemon, Orange, and energy drinks. Priced at Rs 100 for a 250 ml bottle, Campa aims to offer value and refreshment...
- Lovechild thrives in mass premium, House of Masaba targets luxury 12 August 2025, financialexpress.com Actor-entrepreneur Masaba Gupta has adopted a two-pronged growth strategy — keeping her beauty brand Lovechild firmly in the mass premium segment while pivoting her fashion label House of Masaba towards luxury bridalwear and fine jewellery...
- Westside-owner Trent launches youth-centric 'Burnt Toast' 12 August 2025, retail.economictimes.indiatimes.com Trent has introduced 'Burnt Toast,' a new fashion brand targeting the youth market, with its first store opening in Bengaluru. Located in Banashankari, the 2,500 sq. ft. store offers affordable, trend-forward clothing designed to appeal to fashion-conscious young consumers. Trent aims to connect with the city's vibrant youth culture, offering pieces that blend contemporary trends with effortless style...
- Why India is the next strategic market for global footwear brands 08 August 2025, brandequity.economictimes.indiatimes.com India's footwear market is experiencing rapid growth, driven by a young, fashion-conscious population and rising disposable incomes. Consumers are increasingly prioritizing quality, brands, and self-expression through footwear choices. The evolving retail landscape, including e-commerce and omnichannel strategies, further fuels this expansion, making India a strategic frontier for global footwear brands seeking long-term growth...
- Rajhans Cinemas expands with IMAX in Surat; 65 more screens planned across India by mid-2026 08 August 2025, retail.economictimes.indiatimes.com Rajhans Cinemas has introduced Surat's first IMAX screen at its Rajhans Cinemas Precia multiplex, signaling a new phase in cinematic experiences for the city. This launch is a key part of Rajhans Cinemas' ambitious expansion plans, which aim to incorporate 65 IMAX screens across 15 locations by mid-2026...
- A radio station for every office 07 August 2025, brandequity.economictimes.indiatimes.com Bengaluru-based My Office Radio uses AI. It creates custom radio stations for workplaces. The initiative aims to improve internal communication and also focuses on employee recognition. The platform delivers HR policies and brand messaging through the audio medium hoping to transform mundane corporate information into engaging content. Employees can listen while driving or walking without being strapped to their seats. The service builds brand culture through audio identity...
- Movie Marketing Mavericks 07 August 2025, brandequity.economictimes.indiatimes.com This piece delves into cutting-edge strategies for movie marketing aimed at reigniting interest in cinemas. Citing the triumph of 'Hum Aapke Hain Koun' and Aamir Khan's bold decision to keep 'Sitaare Zameen Par' off OTT platforms, the article proposes a shift towards community-centric viewing experiences...
- Tier 3 and 4 India is Redefining Retail and Luxury 07 August 2025, brandequity.economictimes.indiatimes.com In the heart of rural India, Tier 3 and 4 towns are blossoming into dynamic economic centers. With a wave of educated landowners venturing into contemporary retail, and government initiatives alongside digital advancements driving local progress, these towns are becoming vital to the nation's economic landscape...
- The Price of Convenience: Are consumers paying for more than what they bargained for? 07 August 2025, retail.economictimes.indiatimes.com In the rapidly evolving landscape of quick commerce in India, platforms like Amazon, Blinkit, and Zepto are introducing additional charges such as platform and handling fees. While these conveniences come at a price, even loyalty programs aren't exempt from hidden costs. Customers are increasingly faced with the dilemma of paying more for convenience...
- Parliamentary panel pitches for ESG oversight body to combat greenwashing activities 06 August 2025, realty.economictimes.indiatimes.com A Parliamentary panel urges the corporate affairs ministry to establish an ESG oversight body to combat greenwashing and penalize fraudulent ESG claims. The panel recommends amending the Companies Act to integrate ESG objectives into directors' duties. Additionally, the ministry is asked to combat financial crimes and enhance the SFIO's effectiveness...
- Omaxe bets on large-scale integrated retail formats; to invest in tier 2, 3 expansion via PPPs 06 August 2025, retail.economictimes.indiatimes.com Omaxe Ltd is expanding its presence in both metro and non-metro markets, focusing on large-scale retail-led projects and public-private partnerships. The company is developing 'The Omaxe State' in Delhi's Dwarka, a mixed-use commercial project with a 4.2-km retail frontage. Omaxe has also committed ₹2,700 crore for bus terminal redevelopments across Uttar Pradesh through PPPs...
- Emami aims to build future-ready FMCG business across personal care and healthcare 06 August 2025, retail.economictimes.indiatimes.com Emami Limited is strategically focusing on health food, nutrition, pet care, and aloe vera-based fruit juices to drive future growth. The company aims to sharpen its portfolio within three to five years, capitalizing on the increasing consumer preference for natural and herbal products. With a strong financial position, Emami is also open to acquisitions that align with its long-term vision...
- Subway opens 33 new stores in Q1 FY26, total count crosses 900 in India 06 August 2025, retail.economictimes.indiatimes.com Subway has inaugurated 33 new stores across 17 Indian cities in FY26's first quarter. This brings their total to over 900 outlets. They added 15 stores last quarter. Subway plans to open over 100 stores by year-end. This expansion includes Tier 2 and 3 cities. India is a key market for Subway...
- Quick commerce companies slow dark stores buildout to control cash burn 04 August 2025, retail.economictimes.indiatimes.com Quick commerce firms are hitting pause on expansion of dark stores to keep cash burn in check. Industry executives said companies are renegotiating their lease agreements for these mini-warehouses. An exception is Blinkit, which is backed by parent Eternal’s $2 billion war chest and plans to expand its network to 3,000 stores from 1,544 dark stores as of June 30...
- Consumer firms axe slow-moving products, amid unseasonal rains and weak demand 04 August 2025, retail.economictimes.indiatimes.com Packaged goods companies are trimming portfolios and controlling costs amid weak demand. Nestle India and Dabur have dropped underperforming products, while Varun Beverages is rationalising manpower due to weather-hit sales. Emami is revamping brands facing pressure from online competitors...
- On a health kick, FMCG companies chase sugar-free rush 04 August 2025, retail.economictimes.indiatimes.com From biscuits to baby food, FMCG majors are reformulating products as health-conscious consumers demand taste with nutrition...
- The Price of Convenience: Are consumers paying for more than what they bargained for? 04 August 2025, brandequity.economictimes.indiatimes.com In the rapidly evolving landscape of quick commerce in India, platforms like Amazon, Blinkit, and Zepto are introducing additional charges such as platform and handling fees. While these conveniences come at a price, even loyalty programs aren't exempt from hidden costs. Customers are increasingly faced with the dilemma of paying more for convenience...
- Italy fines Armani for 'misleading ethical' statements 04 August 2025, brandequity.economictimes.indiatimes.com Italy's competition watchdog said Friday it fined luxury goods giant Giorgio Armani 3.5 million euros ($4 million) for misleading consumers over dangerous conditions for workers making its bags and accessories. It said the brand was aware of the situation "which seriously harmed the workers who produced Armani-branded leather bags and accessories"...
- Small brands teach new tricks to FMCG giants 04 August 2025, brandequity.economictimes.indiatimes.com India's FMCG sector is witnessing a shift as regional brands challenge established giants with innovation and local understanding. These smaller players are gaining market share by catering to specific regional tastes and leveraging quick commerce platforms. Investors are increasingly interested in these agile brands, prompting larger companies to adapt and collaborate to stay relevant...
- Why smaller creators are winning big for brands 01 August 2025, brandequity.economictimes.indiatimes.com India's digital marketing sees a shift. Brands now focus on micro-influencers. These creators offer better engagement than celebrities. They connect with Gen Z and regional audiences. Micro-influencers provide cost-effective, targeted campaigns. Brands like Levista Coffee use regional creators. Short-form video content dominates. Micro-influencers shape narratives. They bring trust and authenticity. This shift marks a new era of influence...
- Retail leasing in India surges 69% to record 5.7 million sq ft in H1 2025 01 August 2025, brandequity.economictimes.indiatimes.com India's retail sector is growing fast. Consumers want more and shopping habits are changing in cities. Big brands are noticing this. Retail space leasing jumped in the first half of 2025. Bengaluru and Delhi NCR are leading the way. Fashion, food, and jewellery are popular. More retail space is coming soon. The retail sector is expected to remain strong...
- Big Reliance Retail investors to hold similar stakes in FMCG entity 01 August 2025, retail.economictimes.indiatimes.com Reliance Retail is restructuring its FMCG business, consolidating it under New Reliance Consumer Products Ltd (New RCPL) as a direct subsidiary of Reliance Industries Ltd (RIL). The nine global investors holding around 13% stake in Retail Ventures Ltd (RRVL) will maintain similar stakes in New RCPL...
- American Eagle's 'good jeans' ads with Sydney Sweeney spark a debate on race and beauty standards 01 August 2025, brandequity.economictimes.indiatimes.com American Eagle's new campaign with actor Sydney Sweeney is creating buzz. The ads use wordplay involving 'genes' and 'jeans'. Some critics see a connection to eugenics due to the focus on a blonde, blue-eyed actor. Others defend the campaign. The retailer faces sluggish sales and hopes the ad will boost business. Experts have mixed opinions on the campaign's impact...
- Reliance Consumer looks to take a big sip of Shunya 30 July 2025, retail.economictimes.indiatimes.com Reliance Consumer Products is reportedly in advanced discussions to acquire a majority stake in Naturedge Beverages' Shunya, a zero-sugar, herb-based functional drink brand. This move marks Reliance's potential fourth beverage acquisition, following Campa, Sosyo, and RasKik...
- From D2C to Dubai: Brand Studio Lifestyle launches in UAE, plans 38 more stores in India 30 July 2025, retail.economictimes.indiatimes.com Brand Studio Lifestyle is expanding to the Middle East. It will open three stores initially in Dubai and Sharjah. The company plans to launch seven more stores in the Middle East by the end of this fiscal year. Brand Studio Lifestyle will also add 38 stores in India. The company is investing heavily in store expansion and marketing...
- Electronics makers shop for cos to tap western clients 30 July 2025, retail.economictimes.indiatimes.com Companies like Kaynes, Dixon Technologies, Syrma SGS, Cyient, and Amber are actively acquiring and partnering with companies to access new technologies and tap into the global market...
- Honasa looks beyond beauty and skincare to new growth categories 30 July 2025, retail.economictimes.indiatimes.com Honasa Consumer, the parent company of Mamaearth, is looking to expand into new product lines as its once-flagship brand loses steam. This comes at a time when sales of Honasa's flagship Mamaearth brand have slowed, prompting the parent company to recalibrate its focus, said sources. The company is exploring a range of beauty tech products, including laser masks, LED light therapy devices, facial rollers, and face massagers, sources told us...
- EU accuses online giant Temu over sale of 'illegal' products 30 July 2025, brandequity.economictimes.indiatimes.com The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc's digital rules by not "properly" assessing the risks of illegal products. "Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," the European Commission said in its preliminary finding...
- Kinetic re-enters two-wheeler space 30 July 2025, brandequity.economictimes.indiatimes.com Kinetic Engineering is making a comeback in the two-wheeler market. The company is set to invest Rs 177 crore to boost sales and production. The iconic Kinetic DX scooter is now electric, offering a range of 116 km. Kinetic aims to capture a significant share of the electric two-wheeler segment...
- P&G names Indian born Shailesh Jejurikar as its global CEO 29 July 2025, retail.economictimes.indiatimes.com Shailesh Jejurikar, currently COO, will become CEO of Procter & Gamble in January 2026, succeeding Jon R Moeller. This succession highlights India's growing importance as a talent hub for P&G, with Jejurikar's elevation reflecting the increasing significance of the Indian market for multinational corporations. He is an alumnus of IIM Lucknow and Mumbai University...
- Private labels fill the gap as shoppers cut corners 29 July 2025, retail.economictimes.indiatimes.com Indian consumers are buying more private label products. Retailers like DMart and Reliance Retail have seen big sales jumps in their own brands. Shoppers are looking for cheaper options due to rising prices. Many feel private labels are as good as name brands. Retailers are giving these brands prime shelf space. This trend seems like it will continue...
- FSSAI lens on 526 ecommerce food storage facilities 29 July 2025, retail.economictimes.indiatimes.com The Food Safety and Standards Authority of India served notices to 526 ecommerce food storage facilities after inspections revealed violations. These inspections, numbering 8,143, occurred during 2024-25. FSSAI held meetings with operators to discuss regulatory expectations. Issues included training, labeling, traceability, and complaint handling...
- Only 20-25% of India's 850 mn internet users shop online, shows untapped potential: McKinsey Report 29 July 2025, retail.economictimes.indiatimes.com E-commerce in India is poised for substantial expansion. A new report indicates a rise from 7-9% of total retail sales to 15-17% by 2030. Quick commerce and social commerce are gaining traction. Growth will be fueled by B2B commerce and demand from tier-two and tier-three cities. E-commerce is expected to reshape the retail landscape, including delivery and logistics...
- QSR-chain The Burger Company targets 250 outlets by 2027 29 July 2025, retail.economictimes.indiatimes.com The Burger Company, a quick-service restaurant chain, has surpassed 150 outlets across India, fueled by a franchise-led model and regionally tailored menus. With a 35% year-on-year sales increase and a strong repeat customer rate, the company aims to reach 250 locations by 2027. The expansion focuses on penetrating tier 3 and 4 markets while introducing innovative dining options...
- Consumer feedback app now must for sweet shop owners 29 July 2025, retail.economictimes.indiatimes.com In Prayagraj, the Food Safety Department mandates a consumer feedback app for sweet shops. This aims to boost transparency and accountability. Around 100 shop owners are promoting the app. The department wants businesses to prioritize consumer feedback. Traders are also displaying oil and sugar content details. They are encouraged to reduce food color usage...
- MR.DIY enters South India, to open 40 stores by year-end 29 July 2025, retail.economictimes.indiatimes.com MR.DIY, the home improvement and lifestyle retailer, is expanding into South India with plans to launch over 40 stores by the end of 2025. The expansion will focus on major cities like Bengaluru, Hyderabad, and Chennai, offering over 15,000 products across various categories...
- Raj Cooling expands into new product categories; eyes global and rural markets with a long-term play 29 July 2025, retail.economictimes.indiatimes.com Raj Cooling Systems is broadening its horizons by venturing into residential and commercial cooling, home appliances, and molded engineering products, aiming to tap into global markets and enhance export resilience. Simultaneously, the company plans to significantly expand its domestic presence, targeting tier 2 and 3 cities by onboarding over 11,000 dealers and 1,000 distributors by FY26...
- 'Legacy cos can no more think the small guy doesn't matter' 28 July 2025, retail.economictimes.indiatimes.com Nestle India's outgoing MD, Suresh Narayanan, highlights the rising competition from smaller, nimbler regional brands, urging legacy companies to adapt. He notes a gradual urban demand recovery and emphasizes the need for premiumization while maintaining affordability. Narayanan also acknowledges the challenging market conditions leading to leadership changes across various companies...
- ITC's FMCG biz eyes growth despite headwinds 28 July 2025, retail.economictimes.indiatimes.com ITC is optimistic about the long-term growth of its FMCG business, despite macroeconomic challenges. The company has achieved significant scale and efficiency, with rural demand showing signs of improvement. ITC is implementing internal efficiency measures and calibrated pricing strategies, expecting margin improvements and focusing on digital transformation to drive sales...
- Outlet malls gain ground as value retail accelerates 28 July 2025, financialexpress.com For shoppers in Mumbai seeking year-round discounts on big brands, Ambedkar Road in Parel has long been the preferred destination. Delhi has its fair share of bargain hunting havens, from Chattarpur to Karol Bagh, GTB Nagar to Laxmi Nagar...
- “Jeans in 10 minutes? Why not”: Spykar CEO Sanjay Vakharia on growth, channels and why Made in India still wins 28 July 2025, brandequity.economictimes.indiatimes.com Spykar plans expansion after a year of consolidation. The denim brand will increase its exclusive stores by over 30 percent. Spykar aims to reach 400 stores across 200 cities by FY26. The brand is also focusing on product diversification. It includes athleisure and innerwear. Spykar is collaborating with Vidyut Jammwal...
- DesignCafe launches first experience centre in Delhi- NCR 28 July 2025, indiaretailing.com Home interior solutions brand DesignCafe has unveiled its first experience centre in Gurugram, marking a milestone in its pan India expansion plan and the launch of its 18th store nationwide...
- Quick commerce firms chase brand ad dollars to boost revenue, margins 24 July 2025, brandequity.economictimes.indiatimes.com Quick commerce platforms like Instamart, Zepto, and Blinkit are pushing brands to increase ad spending to offset losses and boost high-margin revenue. These platforms are introducing tiered onboarding systems and aggressive ad spend targets, requiring sellers to invest significantly in advertising for visibility. This strategy is driven by the lucrative nature of ad revenue, which offers margins exceeding 90%...
- The future of brand storytelling - How AI-generated content is revolutionizing marketing 24 July 2025, brandequity.economictimes.indiatimes.com Artificial intelligence is reshaping marketing. It is changing how brands connect with people. AI helps create personalized content. This content resonates with audiences. AI tools streamline content creation. They also produce high-quality videos. AI-powered chatbots improve customer service. Brands can now scale their storytelling. They can also maintain authenticity. Marketers are adapting to this new reality...
- Brands bet big on premium products for festive quarter, ramp up output by up to 20% 24 July 2025, brandequity.economictimes.indiatimes.com Consumer electronics, smartphone, and automobile companies are gearing up for the festive season with a 10-20% increase in premium product production compared to last year. This strategic shift anticipates higher demand for feature-rich models, driven by middle-class consumers upgrading their purchases...
- End of the road for Good Glamm Group: lenders trigger asset breakup; all brands up for sale 24 July 2025, retail.economictimes.indiatimes.com The Good Glamm Group will dissolve as lenders enforce charges on individual brands, leading to brand-by-brand sales. The company's restructuring efforts failed due to complex structure and time constraints. Founder Darpan Sanghvi has pledged personal funds to pay pending employee salaries and plans a restitution fund for vendors and shareholders, marking the end of the house-of-brands conglomerate...
- Small towns, big hiring: India’s festive jobs boom moves beyond metros 24 July 2025, retail.economictimes.indiatimes.com Tier-II and III cities in India are experiencing a surge in manpower demand. Companies are increasing hiring in these areas before the festive season. This growth is fueled by urbanization and expansion of retail and logistics. Staffing firms report significant increases in hiring mandates. Smaller cities are becoming growth engines, less affected by global uncertainties...
- Amazon India order volume increases 50% YoY during Prime Day 2025 24 July 2025, retail.economictimes.indiatimes.com Amazon India's Prime Day 2025 achieved record-breaking order volumes, surging by 50% year-on-year, with 18,000 orders per minute. A significant portion of sellers and new Prime members came from non-metro cities, driving increased two-day deliveries in smaller cities. Premium smartphones and home & kitchen categories saw substantial growth, while EMI options were popular among buyers...
- Box Office tide turns as small films make big waves 22 July 2025, brandequity.economictimes.indiatimes.com India's film industry witnessed a 14% surge in domestic box office collections, reaching ₹5,723 crore in the first half of 2025. Seventeen films surpassed the ₹100-crore mark, signaling a shift towards broader participation across titles and reduced reliance on mega-hits. Tamil cinema's contribution increased, and Hollywood's collections nearly doubled, indicating a healthier distribution and growth...
- Reliance chooses to run solo in quick-commerce marathon 22 July 2025, brandequity.economictimes.indiatimes.com Reliance Retail is prioritizing organic growth in quick commerce, finding acquisitions less appealing due to integration challenges and leveraging its existing infrastructure for better economics...
- For Breitling, the good times continue in India 22 July 2025, brandequity.economictimes.indiatimes.com While the global luxury market may slow down, India shows promise, with Breitling experiencing significant growth. Swiss watch exports to India increased, contrasting with declines in other major markets. The brand aims to expand its presence, but high duties and limited retail space pose challenges. India's young population and entrepreneurs are expected to drive future growth...
- India's smartphone shipments jump 22% in Q2 after two quarters of decline: Canalys 22 July 2025, brandequity.economictimes.indiatimes.com The Indian smartphone market witnessed a strong recovery in Q2 FY25, with shipments increasing by 7% year-on-year and 22% sequentially. This growth was fueled by new model launches and increased channel acceptance of inventory ahead of the festive season. Vivo and Oppo led the surge, while Samsung remained flat and Xiaomi experienced a decline...
- India's Titan to buy majority stake in Dubai's Damas 22 July 2025, brandequity.economictimes.indiatimes.com Titan Company, an Indian jeweller, will acquire a 67% stake in Damas, a Dubai-based luxury jewellery retailer. The deal is valued at 1.04 billion UAE dirham. This acquisition will expand Titan's presence in the Middle East. Titan already has Tanishq stores in the UAE since 2020. Damas has 146 stores across the Gulf Cooperation Council countries...
- Investors hungry for stakes in India’s food and beverages sector 22 July 2025, retail.economictimes.indiatimes.com India's food and beverage sector is witnessing significant investor interest, with deals and discussions intensifying across QSRs and packaged food brands. Despite a consumption slowdown, established names like Theobroma and fast-growing players are attracting attention. Investors are keen on both established and emerging brands, anticipating growth driven by rising disposable incomes and evolving consumer preferences...
- The everyday strategist 15 July 2025, brandequity.economictimes.indiatimes.com Strategy is a pervasive element in life. It involves understanding causality and anticipating outcomes. People use strategic thinking in everyday situations. This includes simple tasks like hailing a cab or getting the last piece of cake. It is a thought process shaped by interactions and events. This strategic mindset helps in understanding context and deciding on actions...
- Taiwanese, Vietnamese firms keen to invest in footwear sector in India 15 July 2025, brandequity.economictimes.indiatimes.com Taiwanese and Vietnamese companies are eager to invest in India's non-leather footwear sector, seeking government support to facilitate smooth imports for manufacturing. India's footwear exports are growing, targeting USD 7 billion by 2025-26, with the US as a top destination. Collaboration with foreign firms and focused schemes are expected to boost productivity, exports, and job creation in the sector...
- “It’s not a quick commerce business, it’s a brand business”: Fireside’s Kanwaljit Singh on what it takes to sell in India 15 July 2025, retail.economictimes.indiatimes.com Kanwaljit Singh of Fireside Ventures, at the E-commerce and Digital Natives Summit 2025, advised brands to prioritize building a strong brand proposition over solely chasing channels like quick commerce. He emphasized the importance of understanding consumer needs and expanding distribution beyond initial platforms...
- Influencers Radhika Seth and Meghna Kaur launch specialty coffee brand ‘NAKED’ 15 July 2025, retail.economictimes.indiatimes.com Lifestyle influencer Radhika Seth and team have launched NAKED, a new specialty coffee brand, aiming to disrupt the Indian market with its bold and unfiltered approach. The brand offers a range of Indian and international coffees, roasted in-house to maintain quality...
- The Func. Lab debuts operations with functional nutrition products 15 July 2025, retail.economictimes.indiatimes.com The Func. Lab, an Indian functional nutrition startup, has launched with a focus on protein and hydration products, aiming for a slice of the Rs 3,700 crore protein and Rs 800 crore hydration markets. Co-founders Sohrab Khushrushahi, Sahil Kukreja, and Daneesh Davar prioritize functional performance over trendy packaging, targeting Rs 12-15 crore in revenue in the first year...
- Quick fashion delivery startup Blip shuts down in less than a year 14 July 2025, retail.economictimes.indiatimes.com Blip, a quick fashion delivery startup, has shut down less than a year after launch, citing limited capital and go-to-market challenges. Despite growing investor interest in ultra-fast fashion, cofounder Ansh Agarwal said bootstrapping made competition difficult. He remains optimistic about the sector but acknowledged the need to make a tough decision...
- BPC, Fitness firms cash in on ecomm discount sales 14 July 2025, retail.economictimes.indiatimes.com Amazon's Prime Day sale saw impressive growth. Brands in electronics, beauty, home decor, and fitness experienced a surge. Sales increased three to four times compared to last year. The event boosts Amazon's mid-year sales. Traffic and order volumes doubled or tripled across categories. Discounts and deals drove the sales. Smartphones, however, did not perform as well as other segments...
- Blinkit plans transition to inventory led model from September 1; pings sellers to switch 14 July 2025, retail.economictimes.indiatimes.com During the company’s January-March quarter earnings, Eternal’s chief financial officer Akshant Goyal had said that assuming Blinkit owned 100% of inventory in fiscal 2025, it would have ended up deploying less than Rs 1,000 crore in working capital. This accounts for 15 days of working capital, and about 3-4% of Blinkit’s gross order value of Rs 28,274 crore in FY25...
- Brands look to quick commerce for fast growth, but costs remain a concern 14 July 2025, brandequity.economictimes.indiatimes.com Speaking at a panel discussion at Shiprocket's Shivir, AI Commerce Edition: Made for Bharat, Khara said that quick commerce is fast, meaningful and a major pillar of its fulfilment model. Meta’s director of agencies and VC partnerships, Gaurav Jeet Singh, added that WhatsApp can be used by quick commerce platforms for customer retention. ..
- Why Walmart’s 850,000 recalled stainless steel bottles are more dangerous than plastic soda bottles 14 July 2025, brandequity.economictimes.indiatimes.com Walmart is recalling approximately 850,000 Ozark Trail 64 oz water bottles due to a risk of the lid ejecting forcefully. This poses a safety hazard. The CPSC urges consumers to stop using the bottles and return them for a refund. Injuries, including permanent vision loss, have been reported when carbonated or perishable drinks create pressure inside the bottle...
- Influencer content holds attention significantly longer than traditional branded content: Kantar 14 July 2025, brandequity.economictimes.indiatimes.com Kantar's 2024 study reveals influencer content significantly outperforms traditional ads in engagement and brand salience. FMCG brands are adapting with shorter, regional-focused campaigns, leveraging local culture and platform-native storytelling. This shift emphasizes culturally rooted narratives and benefit-led communication to drive business impact, as demonstrated by winning campaigns from Danone, Hindustan Unilever, Haleon, and Godrej...
- Samsung India targets 70% revenue from AI-enabled appliances by year-end 12 July 2025, retail.economictimes.indiatimes.com Samsung India is aggressively pursuing AI-powered appliances, aiming for them to constitute 70% of digital appliance revenue by year-end. This expansion is supported by increased retail presence, R&D focused on local needs, and multi-device AI experience zones. The company is also focusing on premiumization and affordability to cater to tech-savvy Indian consumers...
- Festive spirit spurs hiring rush 12 July 2025, retail.economictimes.indiatimes.com Indian companies are significantly increasing hiring for the festive season, anticipating a strong sales recovery after a weak summer. Ecommerce and logistics firms lead the surge, with temporary and gig workers comprising the bulk of new hires. This ramp-up, 20-25% higher than last year, reflects expectations of robust demand across retail, consumer goods, and related sectors, starting earlier than usual...
- Raksha Bandhan, Quit India Anniversary drive retail sentiment; Sales projected at ₹17,000 crore: CAIT 12 July 2025, retail.economictimes.indiatimes.com Raksha Bandhan, aligning with the Quit India Movement anniversary on August 9th, is projected to drive substantial retail sales, estimated at Rs 17,000 crore by CAIT. Physical markets are expected to dominate purchases, accounting for the vast majority of transactions, while online channels contribute a smaller percentage...
- Non-metros now economically viable for quick commerce: Emkay 12 July 2025, retail.economictimes.indiatimes.com Emkay's report suggests quick commerce has growth potential in tier-II cities. Demand is driven by wider product ranges compared to local stores. Lower operational costs in these cities aid profitability. Companies are now focusing on improving margins. They aim to increase average order values by including higher-margin items. This shift could lead to significant expansion in the quick commerce sector...
- Bengal to set up shopping malls in every district HQ, says Mamata 12 July 2025, retail.economictimes.indiatimes.com West Bengal CM Mamata Banerjee announced the construction of shopping malls in every district headquarters, offering land for a nominal Re 1. A key condition is reserving two floors for self-help groups to showcase local products. Banerjee emphasized the MSME sector's employment generation, highlighting over 90 lakh units employing 1.3 crore people...
- CM invites investments in Madhya Pradesh's real estate sector 12 July 2025, realty.economictimes.indiatimes.com Chief Minister Mohan Yadav emphasized the Madhya Pradesh government's commitment to attracting real estate investments by ensuring essential amenities. The Growth Conclave aims to boost urban development, with plans to replicate large markets and expedite metro projects. MoUs were signed for technological integration and infrastructure development, alongside significant housing initiatives under PMAY, benefiting thousands of families...
- Indian ethnic staples in high fashion: Inspired or appropriated? 11 July 2025, afaqs.com Prada's 'Kolhapuri chappals' and Louis Vuitton's 'auto-rickshaw bag' highlight a trend of luxury brands borrowing from Indian culture, sparking debates on cultural appropriation...
- “It’s not a quick commerce business, it’s a brand business”: Fireside’s Kanwaljit Singh on what it takes to sell in India 11 July 2025, retail.economictimes.indiatimes.com Kanwaljit Singh of Fireside Ventures, at the E-commerce and Digital Natives Summit 2025, advised brands to prioritize building a strong brand proposition over solely chasing channels like quick commerce. He emphasized the importance of understanding consumer needs and expanding distribution beyond initial platforms...
- Swiggy Bolt partners with Subway for 10-minute delivery across 125 cities 11 July 2025, retail.economictimes.indiatimes.com Swiggy's Bolt has joined forces with Subway to offer 10-minute delivery of Subway's entire menu across 125 Indian cities. This partnership aims to bring a majority of Subway outlets onto the Bolt platform, enhancing customer experience through faster delivery times. The collaboration focuses on improving delivery timelines, freshness, and overall customer satisfaction...
- Amazon starts 10-minute delivery in Delhi in quick-commerce push 11 July 2025, brandequity.economictimes.indiatimes.com Amazon is intensifying competition in India's rapidly growing quick commerce sector by offering deliveries in as little as 10 minutes in New Delhi. Expanding its "Now" service, Amazon aims to match rivals like Blinkit, Instamart, and Zepto, who have popularized near-instant deliveries...
- Out with the old, in with the cool new AC: Govt working on scheme to replace units that are over 10 yrs old with fresh 11 July 2025, retail.economictimes.indiatimes.com The power ministry is devising a plan to encourage consumers to replace old, energy-inefficient air conditioners with new five-star rated models by offering them at discounted prices. This initiative involves scrapping old ACs through authorized e-waste partners for discounts on new purchases via electricity distributors...
- Why global brands are racing to sign Indian ambassadors 09 July 2025, brandequity.economictimes.indiatimes.com In 2025, the luxury world is brimming with Indian star power. Deepika Padukone is the face of Louis Vuitton and Cartier, Alia Bhatt for Gucci and L’Oréal Paris, Sonam Kapoor for Dior, Ananya Panday for Chanel, Priyanka Chopra for Bvlgari, KL Rahul for Paul & Shark, to name a few. Is this India’s soft power flex or just luxury’s latest flavour of the season?...
- What makes someone cool? A new study offers clues 09 July 2025, brandequity.economictimes.indiatimes.com A recent study involving nearly 6,000 participants across 12 countries reveals six key traits associated with coolness: extroversion, hedonism, power, adventurousness, openness, and autonomy. While coolness shares some overlap with goodness, it distinguishes itself through risk-taking and social precociousness, potentially leading to popularity in youth but struggles later in life...
- Mivi rolls out AI-powered earbuds, eyes Rs 1,000 crore revenue in FY26 with 5x AI investment push 09 July 2025, brandequity.economictimes.indiatimes.com Mivi has launched its first AI-powered earbuds, signaling a strategic shift towards AI-driven products. Backed by a substantial investment in its 'Mivi AI' platform, the company plans significant expansion into wearables, IoT devices, and home security. Targeting a Rs 1,000 crore topline in FY26, Mivi is also expanding manufacturing and distribution, with potential IPO plans within five years...
- Scan, Snap, Share: How snack brands are turning packaging into social content machines 09 July 2025, exchange4media.com With AR filters, QR codes, and user-generated content, snack brands are engaging Gen Z and millennials in new, fun ways..
- ASUS and KFC tie up for branded burgers and limited edition keycaps 09 July 2025, afaqs.com KFC China has announced a collaboration with ASUS's Republic of Gamers (ROG) division as part of a new "Fortress of Faith" campaign, offering two limited-edition meal sets with gaming-themed packaging...
- AI might now be as good as humans at detecting emotion, political leaning, sarcasm in online conversations 08 July 2025, brandequity.economictimes.indiatimes.com Artificial intelligence is improving at understanding hidden meanings in text. A recent study shows AI models like GPT-4 are nearly as good as humans at detecting sentiment and political leanings. AI can also gauge emotional intensity. Sarcasm remains a challenge for both AI and humans. This advancement could speed up research and assist journalists...
- AI might now be as good as humans at detecting emotion, political leaning, sarcasm in online conversations 08 July 2025, brandequity.economictimes.indiatimes.com Artificial intelligence is improving at understanding hidden meanings in text. A recent study shows AI models like GPT-4 are nearly as good as humans at detecting sentiment and political leanings. AI can also gauge emotional intensity. Sarcasm remains a challenge for both AI and humans. This advancement could speed up research and assist journalists...
- Food to fashion: Companies see demand recovery signs 08 July 2025, retail.economictimes.indiatimes.com Consumer spending increased on various goods in the June quarter. This signals a revival in demand after a period of sluggish urban consumption. Dabur experienced growth in the FMCG sector. Marico faced challenges due to high copra prices. Nykaa's beauty segment saw growth. Kalyan Jewellers' sales were boosted by wedding demand. Trent, however, indicated slower revenue growth. ..
- Why Bharat is drinking differently: Understanding the rise of regional flavor preferences in Tier 2 & 3 08 July 2025, retail.economictimes.indiatimes.com A beverage revolution is happening in Bharat. Consumers in smaller cities are choosing local drinks. They prefer masala sodas and regional sherbets. These drinks reflect their culture and identity. Startups and regional brands are driving this change. They offer better trade margins. Local marketing builds trust. Even big brands are now noticing this trend. They are launching ethnic Indian beverages...
- Turning Passion into Profit: Building fitness-first brands in India’s wellness wave 08 July 2025, retail.economictimes.indiatimes.com Gaurav Taneja of Beastlife and Jitendra Chouksey of Fittr shared their journeys at the ETRetail E-commerce and Digital Natives Summit, detailing how they transformed their fitness passions into thriving wellness brands...
- Real challenge facing the multiplexes today isn’t pricing, but consumers' time: PVR Inox's Sanjeev Bijli 08 July 2025, retail.economictimes.indiatimes.com PVR Inox focuses on capturing consumer time amid growing entertainment options. Sanjeev Bijli highlights regional expansion and experience-led engagement. The company plans to open 100 new screens in FY26, with 40% in South India. Investment of Rs 300 crore is planned for new properties and upgrades. PVR Inox emphasizes quality experience and marketing efforts to drive footfalls...
- Weight loss with Coca-Cola? Popular soft drink claims it now supports fat management 07 July 2025, brandequity.economictimes.indiatimes.com Coca-Cola has launched a new product in Japan called Coca-Cola Plus, a sugar-free, calorie-free soft drink aimed at health-conscious consumers, especially those over 40. The drink contains indigestible dextrin, a dietary fibre that claims to help block fat absorption and reduce post-meal triglyceride levels when consumed with meals. Positioned under Japan’s Tokuho label for functional foods, Coca-Cola Plus is not marketed as a health drink but as a wellness-supporting option in line with Japan’s growing demand for functional beverages...
- Dabur, Godrej and Marico See Green Shoots of Revival 07 July 2025, brandequity.economictimes.indiatimes.com Packaged consumer goods companies like Godrej, Marico, and Dabur anticipate a gradual recovery in both urban and rural markets during the April-June '25 quarter. This optimism stems from easing inflation, favorable monsoons, and supportive government policies. However, unseasonal rains impacted seasonal product demand, and some inflationary pressures persist, potentially affecting gross margins...
- Labubu knockoffs 'Lafufus' toy with fans; fake it till they almost make it 07 July 2025, brandequity.economictimes.indiatimes.com Labubu dolls face a surge of fake versions called Lafufus. Pop Mart's authentication system struggles against these counterfeits. A Chennai creator's experience highlights the difficulty in spotting fakes. Chinese authorities seized thousands of counterfeit toys. Lafufus sell for less, attracting budget-conscious buyers. Experts advise checking prices and box quality to avoid scams...
- When design speaks louder than logos 07 July 2025, brandequity.economictimes.indiatimes.com Ahikoza by Brahm, an Indian brand, gains attention after Lauren Sanchez carries its clutch. The brand focuses on subtle designs and craftsmanship. Namrata Karad founded Ahikoza nine years ago. Other Indian labels like 11.11/eleven eleven and Dhruv Kapoor also lead this trend. Brad Pitt wore 11.11/eleven eleven shirt in his film. Ahikoza's handbags stand out for their geometric patterns...
- From Gandhi going viral to Cleopatra selling shampoo: Rise of AI influencers and what it means for brands 07 July 2025, brandequity.economictimes.indiatimes.com As AI storytelling explodes in reach and realism, a new frontier is emerging—one where the past is remixed for the algorithm, and influence doesn’t end with death. While analysts believe such brand storytelling can unlock opportunities that weren’t possible before, influencer marketing agencies and experts believe that the AI-powered marketing strategy is still in its nascent stages and not yet mature enough to drive substantial returns...
- The Virality Economy: How social media is driving spike in sales for D2C brands 07 July 2025, exchange4media.com From mCaffeine’s Powdered Coffee Body Scrub to Laneige’s Lip Sleeping Mask, several brands have seen user reviews building early momentum and triggering of a ripple effect of real, documented results shared online ..
- Birkenstock cracks down on fakes in India, court-ordered factory visits held, sources say 07 July 2025, retail.economictimes.indiatimes.com Birkenstock has initiated legal action in India against counterfeit footwear manufacturers. Court-appointed representatives inspected factories in Agra and New Delhi, seizing suspected fake sandals. The lawsuit, filed in the Delhi High Court, targets traders and factories allegedly producing and exporting counterfeits. This action coincides with similar cases involving Crocs and Prada in India's footwear market...
- FMCG makers see weather impact on topline growth 07 July 2025, retail.economictimes.indiatimes.com Fast-moving consumer goods companies anticipate a hit to their revenue growth in the June quarter. Unseasonal rains and inflation are the main reasons. However, demand saw a recovery, especially in urban areas. Marico, Dabur, and Godrej Consumer margins remained below normal. Dabur's beverage sales declined due to weather. Key brands are expected to perform well...
- 7 ways India’s malls are transforming into lifestyle & experience hubs 04 July 2025, indiaretailing.com Once synonymous with shopping, India’s malls are now reinventing themselves as holistic lifestyle destinations. Here’s how they’re evolving to stay relevant in a post-pandemic, experience-hungry, tech-first world...
- PVR INOX plans to add 200 screens in 2 yrs: ED Sanjeev Kumar Bijli 04 July 2025, indiaretailing.com Cinema exhibitor PVR INOX plans to add around 200 screens in two years at an investment of up to Rs 400 crore, its Executive Director Sanjeev Kumar Bijli said on Wednesday...
- Malabar Gold & Diamonds starts ops at jewellery manufacturing facility in Hyderabad 04 July 2025, indiaretailing.com Malabar Gold & Diamonds has commenced operations at its new jewellery manufacturing facility in Hyderabad, Telangana...
- Dolby Cinema makes India debut with Pune launch 04 July 2025, financialexpress.com The company will open five more screens in the country — at Allu Cineplex in Hyderabad, LA Cinema in Trichy, AMB Cinemas in Bengaluru, EVM Cinemas in Kochi, and G Cineplex in Ulikkal (Kerala)...
- Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans 03 July 2025, retail.economictimes.indiatimes.com Reliance is restructuring to consolidate its FMCG brands, including Campa and Independence, into a new entity, New Reliance Consumer Products Ltd, a direct RIL subsidiary. This strategic move aims to attract specialized investors and provide focused attention to the rapidly growing consumer brands business, valued at ₹11,500 crore in FY25...
- Rural India powers FMCG comeback, will it be enough to rescue profits in Q1? 03 July 2025, financialexpress.com India’s consumer goods sector is poised for a modest revival in the first quarter of FY26, driven by improvement in rural demand and easing raw metal prices. However, subdued urban consumption and margin pressure is expected to continue to cloud the earnings outlook for most players in the segment, making it the fourth consecutive quarter of subdued profitability...
- DeVANS enters non-alcoholic segment with launch of Godfather Soda 03 July 2025, retail.economictimes.indiatimes.com DeVANS Modern Breweries has expanded its product line by introducing Godfather Soda, venturing into the non-alcoholic beverage market. To connect with younger consumers, the company has collaborated with choreographer Melvin Louis. This move aims to diversify DeVANS' portfolio, which currently relies heavily on beer sales amidst intense competition from both international and local brewers...
- Reuters study: 44% of Indians are comfortable with AI-generated news 03 July 2025, afaqs.com Reuters 2025 Digital News Report unveils global media shifts: AI, video & influencers dominate, traditional media struggles, trust stable but news avoidance soars...
- Why modern brands must be both the Horse and the Elephant 03 July 2025, brandequity.economictimes.indiatimes.com In India's dynamic market, brands must embody the 'Ashwagaja' mindset, blending agility with enduring wisdom. Companies like Nykaa and BigBasket demonstrate this by combining rapid innovation with robust infrastructure and customer trust. The key is balancing immediate action with long-term vision, fostering a culture that values both learning and bold experimentation to thrive in a complex landscape...
- Hershey to drop synthetic dyes from its snacks by 2027: Report 02 July 2025, brandequity.economictimes.indiatimes.com Hershey Co. plans to eliminate synthetic dyes from its snack products by the end of 2027, following similar moves by other major food companies. This decision aligns with potential directives from U.S. health authorities, aiming to address health concerns like ADHD and obesity. The company's snack brands, including Dot's Homestyle Pretzels and SKINNYPOP, will be affected by this change...
- FMCG cos prefer to bet on India amid global headwinds, challenges 02 July 2025, brandequity.economictimes.indiatimes.com Global consumer giants are facing business challenges in developed regions. They are looking at India as a key growth market. Companies like P&G and Reckitt are seeing steady consumption in India. Government incentives and lower inflation are helping. There is a shift from unbranded to branded consumption. Reckitt is experiencing strong volume growth in India...
- Experiential Retail: Why malls are shifting to entertainment & lifestyle hubs 02 July 2025, brandequity.economictimes.indiatimes.com Online shopping feels mechanical now. Malls in India are evolving. They offer experiences beyond just shopping. These spaces now focus on entertainment and community. Malls host events like food festivals and art shows. Play zones and cinemas are common. Brands create immersive experiences. This shift caters to the desire for connection. India's growing urban population drives this change...
- From Reels to Retail: India’s influencers turning as next startup founders 01 July 2025, brandequity.economictimes.indiatimes.com Indian social media influencers are transitioning from content creation to entrepreneurship, launching brands in beauty, fashion, and more. Leveraging their strong audience connections, they compete with established celebrities, focusing on niche communities. This evolution unlocks new value beyond influencer marketing, driven by India's vast digital population and creator ecosystem, with firms supporting their business ventures...
- 7UP ups the refreshment game with a new sonic identity 01 July 2025, brandequity.economictimes.indiatimes.com 7UP India has launched its sonic logo, a unique audio signature designed to capture the brand's refreshing essence. This musical logo, or MOGO, aims to deepen consumer connections through multisensory design, enhancing brand recall. Starting in Bengaluru, the MOGO will be featured in retail spaces, creating an unmistakable auditory experience at the point of sale...
- Rural FMCG volume grew thrice urban volume growth in Q4FY25, similar trend likely to continue: Report 01 July 2025, retail.economictimes.indiatimes.com Driven by increased distribution of freebies and a positive sentiment from good monsoon, the rural market in India's fast-moving consumer goods (FMCG) sector continues to outperform urban areas, according to a recent report by Nuvama Institutional Equities...
- Burger Singh launches new franchise model to target expansion in emerging markets 01 July 2025, retail.economictimes.indiatimes.com Burger Singh introduces a new franchise model. This aims to expand across India. The model involves local operators and company co-investment. Entrepreneurs can set up dine-in outlets. The company plans to add 50 new outlets. Focus will be on metros and emerging cities. The goal is to empower local operators. Burger Singh currently has over 180 outlets...
- Matter of Prestige: Indian realty behemoth bets on entertainment boom over shirts and skirts 01 July 2025, retail.economictimes.indiatimes.com Prestige Estates Projects aims to transform its malls. The company will allocate more space for entertainment and dining. It plans to reduce space for apparel retailers. This shift reflects changing consumer preferences. Prestige seeks to create experience-driven destinations. The company anticipates significant rental revenue growth by 2030. It intends to expand its mall presence across major Indian cities...
- Unilever to pay $1.5 billion for men's grooming brand Dr Squatch, FT reports 30 June 2025, brandequity.economictimes.indiatimes.com Unilever is set to acquire Dr. Squatch, a men's personal care brand, from Summit Partners for $1.5 billion, according to the Financial Times. The acquisition, announced earlier this week, aims to complement Unilever's existing men's personal care offerings like Axe and Dove Men+Care, with plans to expand Dr. Squatch internationally. Dr...
- Quick commerce apps stack up extra fees to curb losses 30 June 2025, retail.economictimes.indiatimes.com Quick commerce cos in India are increasingly adding various fees like handling, convenience, and rain charges to customer orders to improve their unit economics amidst rising competition. These fees, ranging from Rs 6 to Rs 30 per order, are in addition to delivery charges...
- From Reels to Retail: India’s influencers turning as next startup founders 30 June 2025, retail.economictimes.indiatimes.com Indian social media influencers are transitioning from content creation to entrepreneurship, launching brands in beauty, fashion, and more. Leveraging their strong audience connections, they compete with established celebrities, focusing on niche communities. This evolution unlocks new value beyond influencer marketing, driven by India's vast digital population and creator ecosystem, with firms supporting their business ventures...
- Retail sector gaining momentum, growth expected to reach 9-10 pc soon: RAI 30 June 2025, retail.economictimes.indiatimes.com The Indian retail sector, currently valued at $900 billion, is showing signs of strong recovery and is expected to grow at a faster pace in the coming months, according to the Retailers' Association of India (RAI)...
- India’s digital economy to cross $1 trillion by 2030: Bessemer Report 27 June 2025, brandequity.economictimes.indiatimes.com A Bessemer Venture Partners report projects India's digital consumer market to exceed $1 trillion within a decade, driven by widespread smartphone adoption and affordable data. This growth is fueled by a "triple engine" of commerce, content, and consumer discernment. The rise of mobile-first behavior and digital platforms empowers niche brands and reshapes consumer trends, particularly among the post-2001 generation...
- Cashify reimagines wedding traditions with ‘Phone Wala Shagun’ campaign 27 June 2025, brandequity.economictimes.indiatimes.com Cashify's 'Phone Wala Shagun' campaign humorously reimagines wedding traditions, advocating for gifting used smartphones instead of cash. Aimed at unlocking the value of India's idle devices, the campaign targets the 300 million users eligible for upgrades. Nakul Kumar envisions embedding resale into everyday digital ownership, shifting it from reactive to reflexive behavior...
- Myntra’s Nandita Sinha on Bharat, beauty & building for Gen Z 27 June 2025, retail.economictimes.indiatimes.com Nandita Sinha, CEO of Myntra, spoke at the ETRetail E-commerce & Digital Natives Summit. She highlighted Myntra's expansion into smaller towns. The company is tailoring its approach for Bharat consumers. Myntra is also addressing the differences between millennial and Gen Z shoppers. The platform uses AI and influencer commerce. It personalizes the shopping experience. Myntra enables self-expression through fashion...
- Pulse candy on track to become Rs 1,000-crore brand in 2 years, says DS Group VC 27 June 2025, retail.economictimes.indiatimes.com Homegrown FMCG firm Dharampal Satyapal Group anticipates its Pulse candy to achieve Rs 1,000 crore in revenue within two years, exceeding Rs 750 crore in FY25. The company aims to transform Pulse into a versatile offering by expanding into new product categories, formats, and regional flavors...
- Unilever's demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall's 26 June 2025, retail.economictimes.indiatimes.com Unilever's Magnum HoldCo will acquire 61.9% of Kwality Wall's (India) Ltd following the demerger of Unilever's ice cream business. This acquisition is contingent upon the successful demerger of KWIL from HUL, listing of KWIL shares, and regulatory approvals. Magnum HoldCo will also make an open offer to KWIL's public shareholders as per SEBI regulations...
- Panasonic pulls plug on washing machines, refrigerators in India 26 June 2025, retail.economictimes.indiatimes.com Panasonic Holdings is reducing its consumer electronics operations in India. The company is discontinuing refrigerators and washing machines. Production will cease at the Jhajjar, Haryana factory. Some job losses are expected, with support for affected employees. The company will now focus on televisions and air conditioners. This decision aligns with Panasonic's global strategy and market changes...
- Badalia Diamond Jewellers rebrands as Golubhai Badalia Diamond 26 June 2025, retail.economictimes.indiatimes.com Badalia Diamond Jewellers has a new name. It is now Golubhai Badalia Diamond. This change shows new leadership. The company wants to grow globally. Golubhai Badalia leads the company with Ishmita Badalia. They focus on diamond jewellery. The rebranding aligns the company's heritage with its future goals. The company is excited about this new chapter...
- Cooking oil companies push for litre-based packing 26 June 2025, retail.economictimes.indiatimes.com The cooking oil industry is urging the government to mandate litre-based packaging for cooking oils, citing consumer confusion caused by varying grammage packs with similar appearances. The Solvent Extractors' Association (SEA) highlights that non-standardized packs like 800 grams or 870 grams mislead consumers and distort price comparisons. They argue litre-based packaging will promote fair trade practices and informed consumer choices...
- Aditya Birla Lifestyle aims to double revenues in 5 years, invest Rs 300 cr per annum 24 June 2025, retail.economictimes.indiatimes.com Aditya Birla Lifestyle Brands (ABLBL) plans to invest Rs 300 crore annually to double its revenue in the next five years, aiming to build billion-dollar brands. The company, demerged from Aditya Birla Fashion and Retail, targets a three-fold jump in profitability, driven by brands like Peter England and Van Heusen...
- Colgate Palmolive to introduce more brands in India from its global portfolio 24 June 2025, retail.economictimes.indiatimes.com Colgate-Palmolive (India) plans to introduce more global brands to India, aiming to boost growth in this key market, according to MD & CEO Prabha Narasimhan. While Palmolive shows strong growth, the focus will be on leveraging Colgate-Palmolive's global portfolio to cater to Indian consumers. India's growing middle class makes it a crucial market...
- Malabar Gold opens 400th store; eyes Rs 78,000 cr revenue this fiscal 24 June 2025, retail.economictimes.indiatimes.com Malabar Gold & Diamonds has inaugurated its 400th showroom in Noida, Uttar Pradesh, signaling a major step in its expansion strategy. The company, with a current turnover of Rs 63,000 crore, aims to increase revenue to Rs 78,000 crore by opening 60 new stores by March 2026...
- Zen Diamond looks to open 100 stores in India in 5 years 24 June 2025, retail.economictimes.indiatimes.com Zen Diamond, a diamond jewellery brand, is aggressively expanding its presence in India with plans to establish 100 stores by 2030, primarily in high-quality malls. The company has already invested Rs 100 crore and is exploring various funding options, including franchises, to support its ambitious growth strategy...
- FMCG majors reconnect with kiranas as quick-commerce squeeze deepens 23 June 2025, business-standard.com India’s leading fast-moving consumer goods (FMCG) firms, including ITC, Nestlé, Coca-Cola, Tata Consumer Products, Dabur, Reliance and Parle, are pivoting back to general trade after a year dominated by partnerships with quick-commerce platforms like Blinkit, Zepto, Instamart and BB Now...
- Amazon India enters at-home diagnostics space, expands healthcare vertical 23 June 2025, retail.economictimes.indiatimes.com Amazon India is broadening its healthcare services by introducing at-home diagnostics, partnering with Orange Health Labs. This service, available in six cities, promises quick sample collection and fast results, complementing Amazon's existing pharmacy and teleconsultation services. This move places Amazon in the competitive diagnostics market, aiming to provide convenient and reliable healthcare solutions...
- Ghodawat Consumer considering selective price cuts amid easing input costs: CEO Salloni Ghodawat 23 June 2025, retail.economictimes.indiatimes.com With input costs of many food items showing signs of stability in the recent months, the Fast-Moving Consumer Goods (FMCG) Ghodawat Consumer Limited is exploring selective price revisions, aligning with a broader trend in the sector to recalibrate pricing while enhancing product value...
- Smartphone brands shift focus to offline sales in smaller towns 23 June 2025, retail.economictimes.indiatimes.com Smartphone brands are strategically shifting towards offline channels, particularly in smaller towns, to boost sales of premium handsets. Online shipments have declined for seven consecutive months as companies like Motorola, OnePlus and Xiaomi reduce their reliance on ecommerce...
- As Indians choose premium spirits, cork makers pop the champagne 23 June 2025, financialexpress.com India's growing appetite for premium spirits, including single malts and scotch, fuels demand for cork stoppers, primarily sourced from Portugal. Corticeira Amorim, the world's largest cork manufacturer, sees India as a top priority market, with sales tripling since the pandemic...
- IKEA India introduces rainbow welcome mat for Pride Month 23 June 2025, afaqs.com Conceptualised by Leo India, the film encourages individuals across India to display the IKEA PILLEMARK doormat outside their homes and share their stories about how they are welcoming everyone with pride...
- Monsters and memes: Labubu dolls ride China soft-power wave 21 June 2025, brandequity.economictimes.indiatimes.com Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart's Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher. The dolls are "a bit quirky and ugly and very inclusive, so people can relate"at a Pop Mart store in London, where in-person sales of Labubus have been suspended over fears that fans could turn violent in their quest for the toys...
- Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows 21 June 2025, brandequity.economictimes.indiatimes.com A Bain & Co. study reveals a slowdown, not collapse, in global personal luxury goods sales, projecting a further 2-5% dip in 2024 due to tariffs and geopolitical tensions. Despite headwinds like creativity crisis and supply chain issues, some brands like Prada thrive while others like Gucci struggle, prompting leadership changes...
- United Spirits acquires gin manufacturing startup, NAO Spirits 21 June 2025, financialexpress.com The purchase deal, which will be carried out in two tranches, sets the Enterprise Value of NAO Spirits at Rs 130 crore. Upon the completion of the second tranche of shares on June 30, NAO Spirits will become a subsidiary of United Spirits...
- Reliance & Havells enter PE party to snap up Whirlpool 20 June 2025, retail.economictimes.indiatimes.com Whirlpool Corp is divesting a 31% stake in its Indian arm, attracting interest from Reliance Retail, Havells India, and buyout funds like EQT and Bain Capital. This move is part of a global restructuring following a $1.5 billion loss, with the aim to raise $550-600 million...
- Walmart to add 1 lakh MSMEs in next 3 years under Vriddhi program 20 June 2025, retail.economictimes.indiatimes.com Walmart, in collaboration with Ideas to Impact Foundation, aims to connect an additional one lakh MSMEs to its supplier development program, Walmart Vriddhi, over the next three years. This initiative will facilitate access to national and international markets, leveraging Walmart's global supply chain and Flipkart's e-commerce capabilities...
- ZOFF inks partnership with Reliance Retail; enters ready-to-cook segment 20 June 2025, retail.economictimes.indiatimes.com It said its products are available on Reliance Retail outlets, as well as its own e-commerce platform and would be introduced on other e-commerce and quick commerce platforms...
- Parle Products celebrates generations of sweet memories in new campaign 20 June 2025, retail.economictimes.indiatimes.com Parle Products launches a new campaign. The campaign is titled "Parle, Since 1929". It celebrates Parle's long history in India. The campaign highlights the emotional connection with consumers. The advertisement showcases Parle's presence in Indian life. It covers moments from childhood to festivals. The company aims to reinforce its position in India. The campaign will use digital and regional channels...
- Kirana stores try hard to stay in game 19 June 2025, retail.economictimes.indiatimes.com Ranchi's kirana stores are struggling against quick commerce giants, facing revenue losses and customer decline. To survive, they're adopting digital payments and home delivery. The deep discounting by e-commerce platforms is impacting FMCG trade, leading to concerns about unfair competition and the potential collapse of traditional retail. Delivery workers are also under immense pressure, enduring long hours and demanding conditions...
- Dabur India enters nutraceutical category with ‘Siens’ 19 June 2025, financialexpress.com Dabur India launches 'Siens', its new nutraceutical brand, marking entry into premium wellness segment. Siens offers beauty, wellness, and gut health supplements in modern formats like gummies and softgels. The digital-first brand aligns with Dabur’s revamped growth strategy for FY28...
- NV Group targets 40% surge in global sales, eyes wider distribution by 2026 19 June 2025, retail.economictimes.indiatimes.com NV Group, a grain-based spirits producer, plans significant global expansion. The company targets a 40% increase in international sales within 18 months. NV Group intends to triple its global distribution by 2026, focusing on the US, UK, and EU markets. In India, the company will expand its presence to southern and eastern states by August 2025...
- Blackstone acquires South City Mall in Kolkata for ₹3,250 crore 18 June 2025, realty.economictimes.indiatimes.com South City Mall was developed by South City Projects (Kolkata), a consortium of Merlin Group, Emami Group, Sachi Group, Surekha Group, JB Group and Rameswara Group and launched in January 2008...
- India becomes go-to apparel hub as buyers ditch China, Bangladesh 18 June 2025, retail.economictimes.indiatimes.com India's apparel exports saw a significant boost in May. The growth is attributed to Western buyers seeking alternatives to Bangladesh and China. Political factors and duty advantages are also playing a role. The industry anticipates continued export momentum. However, rising cotton imports are a growing concern. The US market presents a major opportunity for Indian exporters...
- Sanya Malhotra and Essenzaa launches Bree Matcha 18 June 2025, brandequity.economictimes.indiatimes.com Sanya Malhotra debuts as an entrepreneur with Bree Matcha. She partners with Essenzaa Nutrition founders Kunal Shah and Siddharth Shah. Bree Matcha combines Japanese traditions with Indian lifestyles. The brand offers Everyday Matcha, Ceremonial Matcha, and a Ceremonial Matcha Kit. Matcha boosts energy and focus. It is sourced from Kagoshima, Japan...
- India’s retail future? How Meta plans to turn WhatsApp into new storefront 17 June 2025, afaqs.com Meta to intensify push to help physical stores drive data-led footfalls via social-first discovery and AI services, says Meghna Apparao, Director of E-commerce & Retail (India) at Meta...
- FMCG companies fear West Asia unrest may drive up input prices 17 June 2025, retail.economictimes.indiatimes.com Geopolitical tensions in West Asia may increase crude oil prices. This could negatively impact demand for packaged foods, beverages, detergents and paints. Companies fear rising input costs will hurt consumers. Earlier, firms anticipated demand recovery due to interest rate cuts and a good monsoon. Disruptions may affect packaging costs. Dabur and Bisleri are closely monitoring the situation...
- Indian whiskies dominate global charts, claim over half of world's top 20 brands 17 June 2025, retail.economictimes.indiatimes.com Indian whisky brands dominate global consumption, holding top spots and showing rapid growth, even amidst market fluctuations. With a large segment of the population entering legal drinking age, India is a priority market for major spirits firms like Diageo and Pernod Ricard...
- Why Delhi’s liquor consumers are crossing state borders for getting their alcohol bottles 17 June 2025, retail.economictimes.indiatimes.com Delhi faces significant revenue loss. Residents prefer buying liquor in Gurgaon, Faridabad, and Noida. They seek lower prices and wider choices. Current excise rules expire on June 30, 2025. The government plans a new excise policy. It aims for transparency and accountability. The goal is to improve the buying experience. This could boost revenue and reduce cross-border shopping...
- Starbucks to use AI to cut wait time and make service faster 16 June 2025, brandequity.economictimes.indiatimes.com Starbucks is piloting Green Dot Assist, an AI assistant powered by Microsoft Azure's OpenAI, in 35 stores to enhance barista efficiency and reduce wait times. Expected to roll out across U.S. and Canadian stores by fiscal year 2026, the tool provides quick answers to questions about recipes and equipment. Future upgrades include automated tech issue reporting and schedule adjustments...
- Flipkart launches fulfilment centre in Patna 16 June 2025, retail.economictimes.indiatimes.com The 4.5 lakh square feet facility will support a network of over 6,600 sellers in Bihar, and generate over 1,100 direct and indirect job opportunities, a company statement said...
- 'Made in India' Chinese phones ring overseas 16 June 2025, retail.economictimes.indiatimes.com This marks a notable shift in strategy for Chinese brands operating in India, which had so far focused largely on the domestic market. The change comes amid increased government scrutiny of Chinese firms after the border conflicts with China in 2020 and persistent nudging of Chinese companies...
- Labubu-maker Pop Mart diversifies into jewellery with new concept store 16 June 2025, brandequity.economictimes.indiatimes.com Pop Mart, known for its popular Labubu character and blind box toys, has launched its first jewellery store in Shanghai, named Popop. This move comes as the company experiences significant growth, with its stock price soaring due to high demand for its affordable and appealing toys. While Chinese consumption remains subdued in the face of a prolonged property downturn and sluggish economy, Pop Mart's affordable and adorable toys have remained in high demand both at home and abroad, driving its share price up more than 200% so far this year...
- Print, natural home for hate-advertisers 16 June 2025, brandequity.economictimes.indiatimes.com Advertisers should use print media to capitalize on hate-content. Digital hate-content is evolving. Print can give permanence to rage-bait. Outraged discussions find a physical space in print. Companies can be taken seriously through hate in print. Retail consumers will hate-read newspapers. Fury can bring revenue under one roof. Print is the future of hate-content...
- Let them meander, wonder and wander around 16 June 2025, brandequity.economictimes.indiatimes.com People feel pressured to find their purpose immediately. This creates anxiety across different fields. Earlier, people experimented to discover their calling. Now, there is an urgency to have a defined purpose. Not every career or business starts with a grand vision. Exploring different paths builds character. Sometimes, purpose is found through patience and perseverance. The journey matters...
- 10-minute delivery boom fuels hyperlocal warehousing surge in urban and tier-2 cities 12 June 2025, retail.economictimes.indiatimes.com This surge is transforming urban logistics, impacting rental dynamics, and expanding into Tier-2 cities. Companies are prioritising speed and location, leading to innovative real estate repurposing and significant growth in the sector...
- 10-minute delivery boom fuels hyperlocal warehousing surge in urban and tier-2 cities 12 June 2025, retail.economictimes.indiatimes.com This surge is transforming urban logistics, impacting rental dynamics, and expanding into Tier-2 cities. Companies are prioritising speed and location, leading to innovative real estate repurposing and significant growth in the sector...
- BigBasket to launch 10-minute food delivery across India by March 2026, executive says 11 June 2025, retail.economictimes.indiatimes.com The Tata-backed grocery giant will take on established players such as Swiggy's Snacc, Blinkit's Bistro and Zepto Cafe, which already deliver coffee and ready-to-eat snacks in less than 15 minutes...
- Govt may increase scrutiny on quick commerce firms following hygiene, food safety issues 11 June 2025, retail.economictimes.indiatimes.com The government is likely to increase oversight of quick commerce companies’ dark stores following a spate of complaints about food safety violations at facilities run by leading players. Officials told us that the Food Safety and Standards Authority of India (FSSAI) will lead the effort, with plans for surprise inspections at dark stores and other storage facilities across the country...
- Why tier 2 & tier 3 cities are driving tech sales in India 11 June 2025, retail.economictimes.indiatimes.com A number of factors drive this change—including urbanization, increasing disposable incomes, and rising digital adoption. But there is more to it than meets the eye. The transformation of these markets is not only about numbers, but also about aspirations, accessibility, and shifting lifestyles. Let's see why Tier 2 and Tier 3 cities are quickly becoming the driver of India's consumer tech growth...
- Chinese beauty brands explore foreign M&A to spur growth 11 June 2025, retail.economictimes.indiatimes.com Facing slowing domestic growth, Chinese beauty brands like Proya and S'Young are strategically pursuing acquisitions of smaller foreign rivals. This move aims to diversify revenue streams and emulate the global success of giants like L'Oreal and Estee Lauder. While challenges exist, these brands are optimistic about replicating the M&A playbook, focusing on premium European brands and retaining their original DNA...
- Swiss cosmetics brand Cellcosmet says it's time to enter India market 11 June 2025, retail.economictimes.indiatimes.com Tancrede Amacker, CEO of Swiss cosmetics firm Cellcosmet on Monday showed clear intent that he wishes to enter India market...
- Flipkart’s groceries to make inroads into the hinterland in ‘Minutes’ 11 June 2025, thehindubusinessline.com With the rising demand for quick deliveries and the uptick in quick commerce in the Fast-Moving Consumer Goods (FMCG) segment, e-commerce major Flipkart is looking to expand its grocery offering, under its hyperlocal quick commerce service called ‘Minutes’, across the country...
- Urban consumers cut back, rural goes up the value chain 09 June 2025, financialexpress.com India's Rs 5-lakh-crore Fast-Moving Consumer Goods (FMCG) market is showing contrasting trends between urban and rural areas in FY25. According to Kantar, small and local brands are driving growth in urban centers (8.4%)...
- Indians' grocery baskets grow bigger in FY25: Kantar report 09 June 2025, retail.economictimes.indiatimes.com Indians shopped for groceries 156 times in FY25. Pack sizes increased in value and quantity. Confidence is returning to shoppers. Premium products are in demand. Urban FMCG growth is expected. Rural recovery is anticipated later this year. FMCG volume sales growth slowed in the March quarter. Unbranded products saw higher growth...
- Agentified shopping: Where AI delivers before you even ask 07 June 2025, brandequity.economictimes.indiatimes.com In 2030, AI agents will revolutionize shopping by anticipating needs and automating purchases. These agents, like 'Pulse,' handle everything from reordering groceries to planning vacations, offering personalized recommendations and frictionless payments. This future promises freedom from decision fatigue, allowing consumers to focus on life while AI manages their shopping needs...
- Agentified shopping: Where AI delivers before you even ask 07 June 2025, brandequity.economictimes.indiatimes.com In 2030, AI agents will revolutionize shopping by anticipating needs and automating purchases. These agents, like 'Pulse,' handle everything from reordering groceries to planning vacations, offering personalized recommendations and frictionless payments. This future promises freedom from decision fatigue, allowing consumers to focus on life while AI manages their shopping needs...
- Robots could soon replace humans to deliver your Amazon orders 07 June 2025, retail.economictimes.indiatimes.com Amazon is actively developing humanoid robots designed to revolutionize package delivery, potentially replacing human workers. The company is testing these robots at a dedicated facility, simulating real-world delivery scenarios using Rivian electric vans. These robots, powered by AI, could soon be deployed for actual deliveries, aiming to expedite the process and automate the last mile...
- Korean beauty startups bet booming US demand outlasts tariff pain 06 June 2025, brandequity.economictimes.indiatimes.com South Korean cosmetic startups, buoyed by online success, are expanding their physical presence in the U.S. market, aiming to offset tariff impacts with competitive pricing and quality. Brands like Tirtir and d'Alba are in talks with major retailers, leveraging the popularity of K-culture to drive sales. Despite challenges, K-beauty's growth in the U.S. is outpacing traditional brands...
- Generative Artificial Intelligence and the Future of Marketing 06 June 2025, brandequity.economictimes.indiatimes.com Generative AI is revolutionizing industries by creating original content and reshaping marketing, sales, and customer experiences. Companies are leveraging AI for hyper-personalization, growth acceleration, and productivity enhancement. From supply chain optimization to innovative product development, businesses are adapting to AI-powered solutions to gain a competitive edge and foster stronger brand loyalty in the evolving digital landscape...
- Government to discontinue Bharat brand products as food prices stabilise 06 June 2025, retail.economictimes.indiatimes.com The government has discontinued the Bharat brand products, including subsidized wheat, rice, and pulses, due to stabilized prices and decreased food inflation. Increased domestic production of rice, wheat, maize, and pulses, coupled with a favorable monsoon forecast, has led to this decision. The Bharat brand may be reintroduced if prices rise again in the future...
- Blackstone among bidders for $800 million commercial property in Paris: Sources 06 June 2025, realty.economictimes.indiatimes.com The CityQuartier Trocadero building is in a prime location in the 16th arrondissement near the Arc de Triomphe and was put up for sale by the owner, Germany's Union Investment, in March...
- Meesho Mall expands personal care portfolio with P&G, HUL, and Himalaya 05 June 2025, brandequity.economictimes.indiatimes.com Meesho is growing its personal care offerings. The e-commerce platform has added major brands. Procter & Gamble, Hindustan Unilever, and Himalaya are now available. This move targets increasing demand in smaller Indian cities. Meesho's 'Mall' saw significant shopper growth. The platform also reported increases in GMV and monthly active users. Other brands joined Meesho last year...
- Smaller cities to drive India's quick commerce market to $57 billion by 2030 05 June 2025, retail.economictimes.indiatimes.com Riding on a surge in online orders in smaller cities and towns, India is likely to see its quick commerce (QC) total addressable market (TAM) reach $57 billion by 2030, according to a new report...
- Part toy, part fashion, the arrival of the viral Labubu was a long time in the making 05 June 2025, brandequity.economictimes.indiatimes.com In 2019 Lung struck a deal with Pop Mart, a company that caters to toy connoisseurs and influencers, to sell Labubu figurines. But it wasn't until Pop Mart started selling Labubu plush toys on key rings in 2023 that the toothy monsters suddenly seemed to be everywhere, including in the hands of Rihanna, Kim Kardashian and NBA star Dillon Brooks. K-pop singer Lisa of Blackpink began posting images of hers for her more than 100 million followers on Instagram and on TikTok, where Labubu pandemonium has broken out...
- Rapid fashion delivery gathers pace, but long-term viability in question 05 June 2025, retail.economictimes.indiatimes.com The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants. ..
- Amul milk to be launched across Spain & EU 05 June 2025, financialexpress.com Amul partners with Spain's COVAP to launch fresh milk in Madrid, Barcelona, and other EU cities—marking its European debut. The collaboration blends Amul’s global brand with COVAP’s dairy expertise, benefiting farmers in India and Spain while expanding into Germany, Italy, and Switzerland...
- India beats Romania to become a top-performing market for Hell Energy drink after Hungary 05 June 2025, retail.economictimes.indiatimes.com Hell Energy drink has seen India emerge as its top export market, surpassing Romania, though Hungary remains the leader. Fueled by India's youth demographic, the brand aims to increase local sourcing to 50% by 2027, enhancing cost advantages...
- Jostling for space in e-kiranas 04 June 2025, brandequity.economictimes.indiatimes.com Quick commerce is changing the way India shops. In this age of instant delivery, smaller brands, once relegated to the corner of kirana stores or supermarkets, are muscling their way onto screen tiles and into consumers’ wallets. “We’re now able to reach the doorsteps of targeted, mid-to-premium households in metro and tier-1 cities without high marketing budgets,” said one smaller brand...
- Brands on a runner’s high 04 June 2025, brandequity.economictimes.indiatimes.com With a running event taking place almost every weekend, the market for performance running events has surged in recent years, with some estimates valuing it at ₹2,500–3,000 crore across ticketing and sponsorships. More brands are jumping on the bandwagon, from tech to banking, as running offers something for everyone. With relatively low investment costs, brands are seeing an outsized impact from their running-related initiatives, both in India and abroad. This story explores how running events have evolved into a powerful media vehicle for brands...
- Quick Commerce and Consumer Tech: A Shift, not a takeover 04 June 2025, brandequity.economictimes.indiatimes.com Quick commerce in India is expanding beyond groceries to include electronics, driven by demand for fast delivery. While convenient for accessories and impulse buys, premium electronics require trust, in-store experiences, and financing options. A hybrid model blending online convenience with offline support is emerging, prioritizing both speed and customer needs for high-value tech purchases...
- Tesla secures fourth India office in Mumbai as part of expansion strategy 04 June 2025, realty.economictimes.indiatimes.com Tesla has leased a 24,500 sq ft office in Mumbai’s Kurla as part of its growing India presence, marking its fourth office in the country. The five-year lease, valued over ₹24 crore, follows Tesla’s recent showroom lease in BKC. These moves signal Tesla’s increasing operational focus and preparation for future manufacturing amid evolving EV policies in India...
- Lifestyle brand Swiss Military launches first EBO in India 04 June 2025, indiaretailing.com Global lifestyle brand Swiss Military has launched its first-ever exclusive brand outlet (EBO) in India, located in Surat, Gujarat, the company said in a press release...
- The Secret Life of COOs: Why Your Shopping Addiction Is Their Gray Hair 04 June 2025, indiaretailing.com Ever tapped “Buy Now” and marveled as your parcel appeared like magic? Hate to burst the bubble, but behind that instant gratification is no wand—just a COO slowly losing sleep, sanity… and probably their hair...
- Fizz meets feeling in the cola choice Gen Z is making 03 June 2025, retail.economictimes.indiatimes.com Coca-Cola is currently winning the hearts of India's Gen Z, surpassing Pepsi in emotional connection, according to the ET Snapchat Gen Z Index. The study highlights Coca-Cola's success in building trust, excitement, and brand love among young consumers. While both brands have visibility, Coca-Cola's authentic and emotionally resonant messaging gives it an edge in fostering loyalty with this generation...
- Iconic toy retailer Hamleys opens in Kuwait, 9th store in Gulf 03 June 2025, retail.economictimes.indiatimes.com Sumeet Yadav, "We've been eager to open in Kuwait for quite some time, and The Avenues marks a significant and exciting moment in our journey to spread joy and wonder across the region. This store brings with it not just our iconic British heritage but a contagious spirit of fun, laughter, and smiles for everyone, young and old...
- Kotler vs Sharp Debate: How do brands really grow? 03 June 2025, brandequity.economictimes.indiatimes.com This article explores marketing strategies from Philip Kotler and Byron Sharp. Kotler emphasises customer needs and value creation. Sharp focuses on brand availability and penetration. The author suggests building situational salience and distinctive assets. Gaining penetration requires understanding consumer psychology. Loyalty is built through consistent quality and experiences. The author presents a framework for brand growth, blending these insights...
- UK bans single-use vapes to stem use by children and reduce harmful litter 03 June 2025, brandequity.economictimes.indiatimes.com The U.K. has implemented a ban on disposable vapes. This action aims to protect children and the environment. Retailers can no longer sell these vapes. The government is addressing concerns about rising vape use among young people. They also want to reduce litter. Other countries like Australia and Belgium have also taken steps to regulate vapes. The U.K...
- Amul’s new liquid infant formula sparks backlash from activists for alleged IMS Act violation 03 June 2025, brandequity.economictimes.indiatimes.com Amul faces criticism from public health activists for allegedly violating the Infant Milk Substitutes (IMS) Act with its new liquid infant formula. The activists have filed complaints, arguing that the product's launch and marketing promote breastmilk substitutes, which is prohibited. Amul defends its product as compliant with the IMS Act, but concerns persist regarding promotion and packaging...
- Why poorly translated regional ads are costing brands their audience 03 June 2025, brandequity.economictimes.indiatimes.com In India, brands aiming to connect with regional audiences through localized advertising often stumble due to poor translations. Relying on tools like Google Translate leads to awkward phrasing and grammatical errors, irritating potential customers instead of engaging them. This disconnect sparks social media backlash, with users mocking the brands for disrespecting their language and culture, ultimately harming brand perception...
- Weaponised storytelling: How AI is helping researchers sniff out disinformation campaigns 03 June 2025, brandequity.economictimes.indiatimes.com While artificial intelligence is making the problem worse, it is also becoming one of the most powerful tools to fight against such manipulation. Researchers are using machine learning techniques to analyse disinformation. AI tools can help piece together details about who is telling the story, the timeline of how it is told, and cultural elements specific to where the story takes place. This can reveal when a story does not add up...
- Shake and stir with agent AI, humanly 03 June 2025, brandequity.economictimes.indiatimes.com Agentic AI is evolving with standardized architectures, enabling autonomous operation and complex problem-solving. Enterprises are automating workflows, requiring multi-agent frameworks, coordination systems, and common communication languages. Human supervision remains crucial, with regular intervention points needed to maintain control and ethical considerations. Companies should strategically adopt agentic AI, starting with low-skill processes while prioritizing human feedback...
- Health-focused food brands clock revenue gains on back of quick commerce, wider reach 02 June 2025, brandequity.economictimes.indiatimes.com India’s health-focused food brands are seeing strong growth, driven by rising awareness, higher incomes, and quick commerce expansion. Brands like Farmley, The Whole Truth, and SuperYou have posted significant revenue gains. Investor interest has surged, with $65 million raised in the first half of 2025, as demand rises across both urban and smaller markets...
- Biases in Artificial Intelligence and how it may impact you 02 June 2025, brandequity.economictimes.indiatimes.com Artificial Intelligence, while efficient, mirrors human biases due to its training on human data. These biases, stemming from data, algorithms, and sampling, impact security, healthcare, education, finance, and social justice. Addressing these biases through data diversity, prudent model development, and constant monitoring is crucial for a fair and equitable AI-powered future...
- BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru 02 June 2025, retail.economictimes.indiatimes.com BigBasket has entered the rapid food delivery market, offering a 10-minute service in Bengaluru, featuring items from Starbucks and Qmin. This move follows CEO Hari Menon's announcement of expanding into food delivery by 2025. The rapid food delivery segment is becoming increasingly competitive, with Zepto, Swiggy, and Blinkit also expanding their offerings...
- Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEO 30 May 2025, retail.economictimes.indiatimes.com Kathryn McLay says Walmart is excited about Flipkart’s growth but is not so focused on profitability in such a way that we would trade off market share and growth for the future. Amid the quick commerce rush, Flipkart’s Indian marketplace entity received a cash infusion of Rs 2,225 crore (around $260 million) from its Singapore-based parent, according to regulatory filings...
- Google begins direct online sales of Pixel phones in India 30 May 2025, retail.economictimes.indiatimes.com Google has initiated direct online sales of its Pixel devices in India, including phones, watches, and earbuds, via the official Google Store website. This move precedes the anticipated launch of Google's first physical retail stores in India, mirroring Apple's successful retail strategy. While Apple dominates the premium phone market with a 55% share, Google's Pixel holds a 2% share...
- What’s in store for retailers? Aggressive expansion 30 May 2025, retail.economictimes.indiatimes.com Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and avoid past mistakes. Arvind will increase retail space. Aditya Birla Fashion plans many new brand and Pantaloon stores. Retailers are now prioritizing sustainable growth and careful property selection. Spencer's wants new stores profitable quickly...
- A 100% no food labels sent packing: FSSAI asks food companies not to make false claims of absolute purity 30 May 2025, retail.economictimes.indiatimes.com The FSSAI has intensified its scrutiny of packaged food companies, instructing them to discontinue "100%" claims on labels and promotional content, deeming them misleading. This directive aims to curb deceptive marketing practices and ensure consumers receive accurate information about food products...
- Not stars, warning labels on food products have real-world impact 30 May 2025, brandequity.economictimes.indiatimes.com The Supreme Court has directed the Indian government to finalize food labeling regulations, addressing concerns about high sugar, salt, and fat content in packaged foods. Studies indicate that clear warning labels outperform star ratings in helping consumers identify unhealthy options. Despite rising obesity rates and government targets, progress on front-of-pack labeling has been slow, with industry resistance hindering effective implementation...
- ColorBar unveils "Inner Magic" to redefine beauty for all 30 May 2025, brandequity.economictimes.indiatimes.com ColorBar Cosmetics unveils a brand refresh. It encourages self-expression and inclusivity. The brand introduces a new visual identity. A brand film showcases diverse personas. It features global faces and a male representative. Samir K Modi highlights the brand's focus on individuality. ColorBar aims to elevate the feeling of beauty. The company believes in standing out as your true self. ..
- India-UK FTA will make Scotch whiskies more competitively priced: Pernod Ricard India 29 May 2025, retail.economictimes.indiatimes.com Pernod Ricard India anticipates lower retail prices for imported liquor across most states following the India-UK FTA implementation. The agreement will reduce duties on UK whisky and gin, enhancing access to premium Scotch whiskies. While benefiting consumers with more competitive pricing, the impact on India Made Foreign Liquor (IMFL) is expected to be minimal, as IMFL remains significantly cheaper...
- Hindi Cinema: A temporary slump or a deeper crisis? 29 May 2025, exchange4media.com Once the unchallenged heartbeat of Indian entertainment, Hindi cinema is now contending with an undeniable audience retreat. India’s largest multiplex chain, PVR INOX, which accounts for a major share of box office revenue, saw Hindi box office decline by 26% in FY2025, while regional box office grew by 7%...
- Indian women now buy half our jewellery—for themselves: CaratLane CMO 29 May 2025, afaqs.com CaratLane- the wholly owned subsidiary of the Titan Company is paying tribute to women in the aviation industry, signalling a deeper shift in the design, marketing, and perception of jewellery. The Runway Collection is inspired by themes of aviation and features unique designs, including earrings with moving, propeller-style parts and rings...
- Shott launches India’s new gaming & entertainment destination at NESCO, Mumbai 29 May 2025, indiaretailing.com Indoor entertainment company Shott Amusement Limited has officially launched its newest flagship centre at NESCO, Mumbai, a release by the company said on Tuesday...
- Radico Khaitan withdraws 'Trikal' whisky brand following public outrage 29 May 2025, brandequity.economictimes.indiatimes.com Radico Khaitan, one of India's leading liquor manufacturers, has announced the withdrawal of its newly-launched whisky brand 'Trikal' following widespread criticism from religious groups, social media users, and political figures who claimed the name and imagery hurt religious sentiments. Explaining the inspiration behind the name, the company added, "'Trikal' comes from Sanskrit and means 'three times' -- referring to the past, present, and future...
- NEWME launches 60-min fashion delivery in Bengaluru, plans expansion to Mumbai and Hyd 28 May 2025, retail.economictimes.indiatimes.com NEWME has introduced NEWME Zip, a 60-minute fashion delivery service in Bengaluru, following a successful pilot in Delhi-NCR. The brand leverages dark stores and retail outlets, testing in-house riders to enhance delivery. Aiming to expand to Hyderabad and Mumbai, NEWME reported 3x growth last fiscal year and plans to add 10-12 offline stores this year, joining the quick commerce trend...
- ITR extended till Sept 2025: Why you have got more time to file returns 28 May 2025, business-standard.com The due date of ITR filing for non tax audit cases has now been extended to 15 September, 2025 for FY 2024-25 (AY 2025-26). The due date for filing Income Tax Returns (ITR) is typically 31st July of the assessment year. The move is expected to reduce errors in filings and streamline the overall e-filing process...
- Suta forays into new categories; doubles production 28 May 2025, retail.economictimes.indiatimes.com Suta, the D2C fashion brand known for sarees, is expanding into menswear, kidswear, and jewellery, alongside new womenswear lines. With a planned Rs 50 lakh investment, Suta aims to double manufacturing at its Jharkhand unit to 12,000 units monthly. The brand is also increasing its offline presence from 16 to 26 stores, including new mall locations...
- NEWME launches 60-min fashion delivery in Bengaluru, plans expansion to Mumbai and Hyd 28 May 2025, retail.economictimes.indiatimes.com NEWME has introduced NEWME Zip, a 60-minute fashion delivery service in Bengaluru, following a successful pilot in Delhi-NCR. The brand leverages dark stores and retail outlets, testing in-house riders to enhance delivery. Aiming to expand to Hyderabad and Mumbai, NEWME reported 3x growth last fiscal year and plans to add 10-12 offline stores this year, joining the quick commerce trend...
- Ranbir Kapoor-backed ARKS eyes to become Rs 100 cr brand in 3 yrs 28 May 2025, retail.economictimes.indiatimes.com ARKS, Ranbir Kapoor's lifestyle brand, is expanding. It targets Rs 100 crore revenue within three years. Starting with sneakers, ARKS now offers apparel for men and women. Perfumes are the next category. Online sales are strong. More stores are planned, starting with Delhi. Bangalore, Hyderabad and Pune are also on the radar. The brand aims for profitability in 3-4 years...
- The rise of the behavior graph: Data-led marketers will shape what’s next 27 May 2025, brandequity.economictimes.indiatimes.com Marketers are shifting from traditional demographics to behavior graphs, which offer real-time insights into consumer actions. This approach leverages AI to analyze browsing, engagement, and purchase patterns, enabling personalized content and optimized strategies. By focusing on observable behaviors, brands can improve customer connections and adapt quickly to evolving preferences in a privacy-conscious world...
- Buzzwords instead of real outcomes: the recipe for mistrust 27 May 2025, brandequity.economictimes.indiatimes.com In today's technology landscape, IT service companies often drown in technical jargon, leaving customers bewildered and wary. To stand out, embracing simplicity is essential. Effective communication should highlight the customer's journey by focusing on the challenges they face and the tangible benefits they gain. Use clear, data-backed language that emphasizes measurable results...
- 'Pre-activated smartphones sale on online platforms erode consumer trust' 27 May 2025, brandequity.economictimes.indiatimes.com Retailers and smartphone brands are criticizing Amazon and Flipkart for allegedly allowing the sale of pre-activated smartphones as new, eroding consumer trust. The All India Mobile Retailers Association has received complaints about Realme devices being pre-activated before invoicing. Industry experts suggest stricter seller verification and collaboration between e-commerce platforms and brands to combat this issue...
- Can Indian craft chocolate go global and compete with the world's finest? 27 May 2025, brandequity.economictimes.indiatimes.com Indian craft chocolate is growing. It aims to compete with global brands. Brands focus on local cacao from Andhra Pradesh, Tamil Nadu and Kerala. They emphasize terroir and unique flavors. Challenges include low consumption and inconsistent bean quality. Brands are working with farmers to improve processes. They are also educating consumers about the value of craft chocolate...
- Aditya Birla Fashion stitches a ₹500-crore turnaround plan 27 May 2025, retail.economictimes.indiatimes.com Aditya Birla Fashion and Retail (ABFRL) plans a ₹500 crore capital expenditure in 2025-26, aiming to turnaround loss-making ventures like TCNS Clothing and TMRW. With recent fundraising, ABFRL intends to triple in scale and double profitability in five years, despite current subdued retail sales growth. Excluding TMRW, the group anticipates being EBITDA positive next year...
- Bhuvanesh Mendiratta appointed as Miraj Cinemas' MD 27 May 2025, retail.economictimes.indiatimes.com Miraj Cinemas has appointed Bhuvanesh Mendiratta as its new managing director, succeeding Amit Sharma. Mendiratta, previously COO, brings over 20 years of entertainment experience from PVR and Cinemax. He will focus on expanding premium formats, enhancing movie experiences, and growing in tier-2 and tier-3 cities, aiming to upgrade technologies across Miraj's 235 screens in 70 locations...
- DLF to invest Rs 10,000 crore by FY27 to build commercial properties, boost rental income 27 May 2025, realty.economictimes.indiatimes.com DLF Group has 45 million square feet of commercial assets, which include 41 million square feet of office and 4 million square feet of retail spaces, with an annual rental income of more than Rs 5,000 crore...
- People, passion and purpose: Experiential marketing in the age of AI 26 May 2025, brandequity.economictimes.indiatimes.com Marketing in India is changing. Artificial intelligence offers speed, but consumers want real experiences. Experiential marketing is becoming important. Events are platforms for connection and storytelling. They help build trust and loyalty. Sustainability is also key. Events drive brand recall and build communities. Companies combining artificial intelligence and human connection will succeed...
- The digital supermarket shelf just got smarter 26 May 2025, brandequity.economictimes.indiatimes.com Zepto's new 'Product Swap' feature is more than a UI update; it's a strategic shift in D2C commerce. By suggesting cheaper or better-value alternatives at checkout, Zepto gathers crucial data on consumer preferences. This data can be leveraged for sponsored product placements and the promotion of Zepto's private-label products, posing both a threat and an opportunity for D2C brands...
- Family unification to build brand Vadilal 26 May 2025, thehindubusinessline.com Three branches of the Gandhi family – consisting of a total of 15 members – recently decided to bury the hatchet on a decade-long battle and maximise the value of brand Vadilal, which has grown from a fledgling Gruh Udyog entity, founded by Vadilal Gandhi..
- Unseasonal rains, lower temperatures hit ice cream makers’ sales in May 26 May 2025, thehindubusinessline.com Unseasonal rainfall, and erratic weather conditions, resulting in lower-than-expected temperatures across many parts of the country, have affected ice cream sales in May, a month that traditionally sees the highest demand. Ice cream makers say that a negative impact of up to 10 per cent was witnessed, particularly in the southern and western regions of the country...
- Reliance to bet on affordable FMCG products to tap 60 crore mass consumers 23 May 2025, retail.economictimes.indiatimes.com Reliance Industries is expanding its presence in India's fast-moving consumer goods (FMCG) market by focusing on affordable products for around 60 crore mass-market consumers, according to T Krishnakumar, director of Reliance Consumer Products (RCPL). The strategy includes partnering closely with local kirana stores and offering competitive margins to boost distribution...
- Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan 23 May 2025, retail.economictimes.indiatimes.com Colgate-Palmolive India MD and CEO Prabha Narasimhan said over two-thirds of urban consumers are under financial stress, leading to lower demand for oral care and other FMCG products. Only 30% of urban buyers are continuing with routine purchases, while the rest are delaying household spending...
- Premiumisation wave sweeps India's malls and high streets, fuels demand for Grade A+ spaces 23 May 2025, moneycontrol.com India's retail real estate is witnessing a structural shift towards premiumisation, fuelled by consumers with higher aspirations and greater disposable income, alongside evolving strategies from both brands and developers...
- Zomato introduces ‘long distance service fee’ on restaurants for deliveries beyond 4 km 22 May 2025, retail.economictimes.indiatimes.com Zomato is introducing a "long distance service fee" for deliveries beyond 4 km, potentially straining relationships with restaurant partners who fear commission increases up to 45%. Restaurants are considering protesting the new fees and revised agreements, which include penalties for price disparities and encouraging off-platform orders...
- Kiko Live starts cash-on-delivery for online grocery orders, driving 30% surge in kirana revenues 22 May 2025, brandequity.economictimes.indiatimes.com Kiko Live now offers cash-on-delivery. This benefits kirana stores. A pilot program showed a 30% increase in online orders. Revenue also increased for sellers. Kiko Live helps local retailers create online stores. They also digitized the traditional credit system. A verification system was introduced to prevent fake orders. The company expects more online orders through COD soon...
- India tightens safety norms to curb low-quality Chinese appliance imports, boost local manufacturing 22 May 2025, brandequity.economictimes.indiatimes.com A recent order mandates BIS certification for a range of electrical goods, including recliners, beauty products, and kitchen appliances, effective March 2026...
- 52% consumers are switching to private labels - EY report 22 May 2025, brandequity.economictimes.indiatimes.com Indian consumers are increasingly opting for private label products, with 52% switching due to perceived better quality, according to the EY Future Consumer Index. 70% believe private labels meet their needs as effectively as branded products. Retailers are responding by increasing private label options and shelf visibility...
- E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities 22 May 2025, business-standard.com India’s leading e-commerce players, Flipkart and Amazon, are deepening their push into the fashion segment, with a sharp focus on smaller cities and towns. Flipkart reported more than six million unique customers purchasing ethnic wear in the past year, with nearly 90 per cent of sales driven by repeat buyers. Over half of that shopper volume came from Tier 3 and smaller towns...
- Zomato adds new charges for long-distance deliveries; restaurants unhappy 22 May 2025, business-standard.com Popular food delivery app, Zomato has started charging a new “long distance service fee” for food orders that are delivered more than 4 km away...
- How new age sneaker label Gully Labs is eying to become a Rs 100 cr brand 21 May 2025, brandequity.economictimes.indiatimes.com Sneaker label Gully Labs, known for its Royal Enfield collaboration, targets Rs 100 crore revenue by FY28. Currently, the brand is projecting Rs 15 crore revenue for this fiscal year. Gully Labs intends to enhance marketing and expand its online and offline presence. Expansion plans include multi-brand outlets in Hyderabad, Kolkata, and Delhi...
- Desire for "me time" with snacks has intensified: Mondelez 21 May 2025, brandequity.economictimes.indiatimes.com Mondelez International's new report reveals interesting snacking habits in India. The study shows snacking is more than just eating. Indians link snacks to joy and socializing. Many use snacks for comfort and rewards. Most people are loyal to their favorite snacks. Online snack buying is increasing. Consumers seek snacks for mood boosts and energy...
- Smartwatch boom cools off in 2025 21 May 2025, brandequity.economictimes.indiatimes.com Smartwatch shipments in India have declined for five consecutive quarters, dropping 33% year-on-year in Q1 2025. The industry is shifting from budget devices to premium features, with fewer new models being launched. Experts predict a correction year, focusing on the ₹5,000-10,000 price segment, expecting a slight shipment growth by year-end after a significant drop in 2024...
- Adidas, Puma family feud to be turned into TV series 21 May 2025, brandequity.economictimes.indiatimes.com The story of Adidas and Puma's creation is now a TV series. The show explores the Dassler brothers' rivalry. It covers their early business and World War II tensions. 'Ozark' writer Mark Williams leads the project. Family archives offer insights. The series will portray the brothers' Nazi party membership. It also highlights Adidas's link to Jesse Owens's Olympic success...
- Nazara Technologies acquires Curve Games for INR 247 crore 21 May 2025, brandequity.economictimes.indiatimes.com Nazara Technologies has acquired Curve Games for INR 247 crores, marking a significant expansion into the global PC and console gaming market. This acquisition provides Nazara with access to new platforms, diverse game genres, and key markets in North America, Asia Pacific, and Europe. Curve Games reported revenues of INR 263...
- Indian box office soars to Rs 825 cr in April, up 19% YoY 21 May 2025, brandequity.economictimes.indiatimes.com The Indian box office surged to INR 825 crore in April 2025, boosting Jan-April collections to INR 3,691 crore—a 19 percent year-on-year increase, per Ormax Media. "Good Bad Ugly" topped April with over INR 180 crore, while Malayalam cinema had its second-best month. Hindi, Telugu, Tamil, and Malayalam films dominate the year's top grossers...
- Liquor makers may see over 10% revenue growth in FY26: Report 21 May 2025, brandequity.economictimes.indiatimes.com Indian alcoholic beverage industry anticipates significant growth. Revenue is projected to rise by 8-10 per cent, reaching ₹5.3 lakh crore this fiscal year. This follows a strong CAGR of 13 per cent in the previous three years. Crisil Ratings forecasts increased operating profitability. Spirits will continue to dominate the market. Urbanization and rising incomes will drive volume growth...
- SC says Flipkart known for creating monopolies, appoints amicus 21 May 2025, retail.economictimes.indiatimes.com The Supreme Court is worried about Flipkart possibly creating a monopoly. Judges are concerned about how this affects smaller businesses. The court appointed someone to help investigate the issue. A previous order asked the Competition Commission of India to look into Flipkart's practices. The All India Online Vendors Association, which raised the issue, is now missing...
- Agentic AI: The Quiet Revolution Transforming Marketing 19 May 2025, brandequity.economictimes.indiatimes.com How Agentic AI is redefining marketing workflows. Discover how autonomous software agents are transforming traditional marketing operations into dynamic, self-optimising customer journeys. In this fortnight's digital cover, Ratan Kumar Kesh (Bandhan Bank), Chandramohan Mehra (Bajaj Allianz Life), Rahul Talwar (Axis Max Life) and Rajnil Mallik (PwC) are decoding the nuances of Agentic AI in marketing—one intelligent workflow at a time...
- Liquor makers may see over 10% revenue growth in FY26: Report 19 May 2025, brandequity.economictimes.indiatimes.com Indian alcoholic beverage industry anticipates significant growth. Revenue is projected to rise by 8-10 per cent, reaching ₹5.3 lakh crore this fiscal year. This follows a strong CAGR of 13 per cent in the previous three years. Crisil Ratings forecasts increased operating profitability. Spirits will continue to dominate the market. Urbanization and rising incomes will drive volume growth...
- Indian traders announce full boycott of Türkiye, Azerbaijan over pro-Pakistan stance 17 May 2025, economictimes.indiatimes.com In a decisive move reflecting growing national sentiment, Indian traders announced on Friday a complete boycott of Türkiye and Azerbaijan, citing the two countries’ support for Pakistan during the recent military conflict with India...
- Quick commerce unicorn Zepto starts testing new feature 'Swap & Save' 17 May 2025, business-standard.com Quick commerce unicorn Zepto has rolled out a beta version of a new feature, Swap and Save, on its platform. The feature, currently visible on select product categories such as ice creams, automatically suggests lower-priced alternatives to products that users add to their carts...
- Top online retailers like Ajio, Reliance halt sale of Turkish brands 17 May 2025, retail.economictimes.indiatimes.com Myntra and Reliance's Ajio have ceased selling Turkish apparel brands due to boycott calls stemming from Turkey's support of Pakistan during a recent conflict. Myntra suspended all Turkish brands, including Trendyol, while Reliance removed brands like Koton and LC Waikiki from Ajio. This action reflects a broader reassessment of partnerships and a commitment to national interests amid growing tensions...
- Daryaganj charts aggressive growth with a 50-outlet vision by 2030 17 May 2025, retail.economictimes.indiatimes.com Daryaganj, the casual dining sensation, has its sights set on a remarkable expansion, aiming for 50 outlets by 2030. Currently, they operate 15 lively eateries and are excited to introduce 5 more this fiscal year. Their growth strategy includes international territories such as the UAE, Gulf countries, and the UK, complemented by a fast-casual launch in Gurugram...
- Walmart-owned Myntra to begin operations in Singapore 17 May 2025, moneycontrol.com Myntra, one of the largest fashion e-commerce platforms in India, is in advanced stages of launching operations in Singapore, the country where the company is headquartered, people aware of the developments told Moneycontrol...
- Big respite for Indian consumers just ahead of wedding season 17 May 2025, retail.economictimes.indiatimes.com Kolkata consumers are set to rejoice as gold prices have significantly dropped by approximately Rs 9,000 per 10 grams, just before the wedding season. This considerable price correction, the most notable in recent times, is set to offer substantial relief to buyers...
- Where will Titan be by FY27? A deep dive into the future 17 May 2025, financialexpress.com Gold prices have surged over 30% in 2025 so far, driven by heightened geopolitical concerns and central bank buying. However, the sheen of the Indian jewellery market has not diminished...
- Baskin Robbins expands retail presence tapping into quick commerce and snacking demand 17 May 2025, retail.economictimes.indiatimes.com Baskin Robbins is expanding its presence in India with a new product line targeting general trade, modern retail, and quick commerce platforms. The company is introducing mini sticks, cones, and low-sugar milkshakes to cater to impulse purchases and at-home consumption...
- Fruit traders in Delhi to halt apple imports from Turkey 17 May 2025, retail.economictimes.indiatimes.com Azadpur Mandi, Asia's largest wholesale market for fruits and vegetables, has decided to halt the import of apples from Turkey due to the current diplomatic situation. Chairman Meetha Ram Kriplani confirmed that while previous orders will still be fulfilled, no new orders will be placed. Azadpur Mandi had previously imported 1.16 lakh tonnes of Turkish apples in 2024 but is now seeking alternative suppliers. ..
- Baskin Robbins expands retail presence tapping into quick commerce and snacking demand 16 May 2025, retail.economictimes.indiatimes.com Baskin Robbins is expanding its presence in India with a new product line targeting general trade, modern retail, and quick commerce platforms. The company is introducing mini sticks, cones, and low-sugar milkshakes to cater to impulse purchases and at-home consumption...
- Yuvraj Singh’s Twiddles partners with Barista to expand presence across 470 cafes 16 May 2025, retail.economictimes.indiatimes.com Twiddles, the clean-label snacking brand co-founded by Yuvraj Singh, has joined forces with Barista Coffee to introduce a co-branded snack range in 470 outlets across India. The Twiddles x Barista range features multigrain bars, energy bites, and nut mixes, developed through collaborative R&D to complement Barista's beverages and meet the demand for healthier options...
- Retailers rush to save US summer shopping season 16 May 2025, retail.economictimes.indiatimes.com Following a temporary tariff reduction agreement between the U.S. and China, American retailers are accelerating orders for summer merchandise from Chinese factories. This surge aims to replenish inventories after a previous order pause due to high tariffs. However, concerns are rising about potential supply chain bottlenecks and increased freight costs as companies rush to import goods within the limited timeframe...
- Luxury sector faces more gloom as Bain cuts sales forecast 16 May 2025, brandequity.economictimes.indiatimes.com Bain & Co. has significantly downgraded its forecast for worldwide luxury goods sales, now anticipating a 2 per cent to 5 per cent decline this year. This revision reflects growing economic pressures, price fatigue among consumers, and a desire for more innovative products. The luxury sector is grappling with a downturn, influenced by China's property challenges and cautious spending in the U.S...
- 'K' becomes brand image for all entities of Kerala Industries Department 16 May 2025, brandequity.economictimes.indiatimes.com Kerala's Department of Industries & Commerce is set to adopt a unified "K" logo in coconut leaf green for all its establishments and state-run companies. This rebranding initiative aims to enhance the visibility of Kerala's sustainable and competitive business environment. The new brand image reflects the state's resurgent entrepreneurial spirit, emphasizing its commitment to nature, people, and industry...
- Kotler’s fifth P: Can it work for brands? 15 May 2025, brandequity.economictimes.indiatimes.com Philip Kotler's introduction of 'Purpose' as the fifth P in marketing faces practical challenges. Brands like Unilever and Gillette, which force-fitted purpose into their branding, experienced consumer skepticism and financial setbacks. Authenticity and alignment with core values are crucial, as consumers prioritize product utility over a brand's promoted ideology, making the original Four P's still highly relevant...
- India's Kalyan Jewellers bets store-opening spree will fuel revenue growth, top executive says 15 May 2025, retail.economictimes.indiatimes.com Kalyan Jewellers anticipates significant revenue growth this financial year. The gold retailer plans to expand its store presence across India. This expansion includes both Kalyan and Candere brands. The company aims to open 160 new locations. Kalyan Jewellers seeks to capitalize on the increasing demand for lower-carat jewellery...
- Store additions will be done selectively this year,’ says Gautam Singhania 15 May 2025, financialexpress.com Raymond Group Chairman Gautam Singhania outlines selective retail expansion, strong real estate growth post demerger, and new bets on defence and aerospace. With plans to stay debt-free and expand engineering, Raymond eyes long-term growth across diverse sectors...
- Flipkart may limit its quick commerce expansion to top cities to reduce burn 14 May 2025, brandequity.economictimes.indiatimes.com Flipkart is limiting the expansion plans of its quick commerce unit, Flipkart Minutes, as it looks to add new dark stores only in the top six to eight cities, according to people familiar with the matter. Flipkart’s cautious approach to quick commerce comes amid a year of rapid growth in the sector, even as the broader ecommerce segment has slowed...
- New mall supply pegged at 16.6 mn sq. ft. across top 7 cities in CY 2025-26: Report 14 May 2025, indiaretailing.com Over 16.6 million sq. ft. of new Grade A mall supply will enter the top 7 cities over 2025 and 2026, as per a report by real estate services company ANAROCK...
- Nexus Select Trust's operating income up 7% to ₹447 crore in Q4 FY25 14 May 2025, realty.economictimes.indiatimes.com According to a regulatory filing, the company declared distribution of Rs 303 crore or Rs 2 per unit to unitholders for the fourth quarter of 2024-25 fiscal...
- Chinese ecommerce giants make expensive bets on fast deliveries 14 May 2025, retail.economictimes.indiatimes.com The new turf war focused on speed is coming at a high cost in the short term as the ecommerce giants look to entice consumers with hefty discounts. JD.com's JD Takeaway and Alibaba's food delivery app Ele.me last month each pledged 10 billion yuan ($1.38 billion) in subsidies. JD Takeaway said it would invest the sum over a year, while Ele. me did not disclose the timeframe...
- Ad or austerity? FMCG majors split on FY25 spend strategy 14 May 2025, exchange4media.com Faced with stubborn input cost inflation, unpredictable rural demand, and price-sensitive urban consumption, India’s top FMCG companies took divergent approaches to advertising in FY25. While some leaned in aggressively to secure future growth, others trimmed budgets to protect margins...
- The science of growth marketing: Experimentation and iteration 13 May 2025, brandequity.economictimes.indiatimes.com Growth marketing leverages experimentation and iteration to drive business expansion. It emphasizes data-driven decisions through continuous testing and refinement of strategies. By formulating hypotheses, designing controlled experiments, and analyzing results, marketers gain actionable insights. This iterative approach enables businesses to scale successful tactics and adapt to evolving market conditions, ensuring sustainable growth...
- Indians buy 14 million ACs a year, and need many more 13 May 2025, brandequity.economictimes.indiatimes.com More Indians are buying air conditioners for heat relief. AC sales are increasing rapidly. This surge boosts electricity demand, mainly from coal. Aarti Verma prioritizes AC for comfort. High temperatures cause deaths. ACs worsen global warming. Energy-efficient models offer some hope. Japsahib Singh Ahuja reports increased sales. India faces challenges balancing cooling needs and environmental impact...
- Shopping without searching: A shift toward conversational commerce 13 May 2025, brandequity.economictimes.indiatimes.com A quiet update just signaled one of the most significant changes in digital commerce to date. Shopify's native integration into ChatGPT is not just a product enhancement. It is a fundamental reimagining of the ecommerce journey. The digital shelf has been reshaped, and brands that understand this early will define the next phase of consumer behavior...
- Marketing lessons from Indian truck drivers 12 May 2025, brandequity.economictimes.indiatimes.com Owners-Drivers of commercial vehicles reveal app preferences. They prioritise utility and cost-effectiveness. IRCTC Rail Connect and BroChill are popular. Fintech apps like Navi and Slice are also used. Dream11 shows aspirational appeal. Marketing must engage the growing India. Brands need deep audience understanding. Hyperlocal targeting and genuine value delivery are key. Connect with India's driving force by understanding their needs...
- Excise duty biggest challenge for beer industry: Kingfisher maker's CEO 09 May 2025, retail.economictimes.indiatimes.com United Breweries faces challenges due to rising excise duties, particularly in Karnataka and Telangana, impacting beer prices. Despite this, the company remains confident, planning to expand production capacity and cooler installations. While Q4 standalone revenue declined, net profit increased driven by premium brand demand, with overall volume sales rising by 5%...
- Stelatoes expands footprint in Delhi NCR with a new store launch in Faridabad 09 May 2025, retail.economictimes.indiatimes.com Stelatoes, one of India's leading family footwear brands, is excited to announce the opening of its latest store in Faridabad, Haryana. After receiving tremendous love and support from customers in Delhi NCR, Dehradun, Lucknow, Kanpur, Indore, Kurla, Chandigarh, Amritsar, Patiala, Pathankot Ludhiana, Bathinda, and Rudrapur...
- Small FMCG cos pack a big punch, outpace majors with 11.9% volume growth in March quarter 09 May 2025, retail.economictimes.indiatimes.com Consumer goods sales experienced double-digit growth in the March quarter, driven by price increases and smaller manufacturers, though volume sales dipped due to urban slowdown and slower rural growth. Rural markets outpaced urban areas, while smaller manufacturers grew faster than the overall FMCG market. Consumption of food slowed down, impacted by decreased volumes in staple categories...
- Cheaper chocolates, cosmetics, soft drinks from UK no threat to India’s local industry 09 May 2025, retail.economictimes.indiatimes.com India's Free Trade Agreement (FTA) with the UK will reduce tariffs on various products including cosmetics, soft drinks, and chocolates, though officials expect no significant surge in these imports that would harm domestic industry...
- LG breaks ground for Rs 5000 crore Sri City factory 09 May 2025, financialexpress.com LG Electronics India begins work on Rs 5,000 crore manufacturing facility in Sri City, Andhra Pradesh. Plant to start with AC production in 2026, expanding to other appliances by 2029. Project to create 11,500 jobs and attract Rs 839 crore in vendor investments; IPO plans delayed due to market volatility...
- Nexus Select Trust buys MBD complex in Ludhiana for ₹531 crore 09 May 2025, realty.economictimes.indiatimes.com This high-quality, Grade-A urban consumption centre spans about 0.3 million (3 lakh) square feet and includes a 96-key Radisson Hotel...
- Dabur to rationalise underperforming products, double down on e-comm & quick-commerce 09 May 2025, retail.economictimes.indiatimes.com Dabur India plans to streamline its product portfolio by discontinuing underperforming items. This move aims to free up capital for strategic investments. The company will focus on high-growth areas like e-commerce and quick commerce. Dabur intends to consolidate stockists and reduce costs in urban trade. They will also explore mergers and acquisitions in healthcare, wellness foods, and personal care...
- Forget personalisation, go after everyone: Mark Ritson 07 May 2025, brandequity.economictimes.indiatimes.com In today’s phygital world, most marketers believe that AI-driven hyper-personalisation will revolutionise marketing. Yet, marketing maverick Mark Ritson says hyper-personalisation is actually the wrong answer. “It doesn’t have to be this super complex marketing with ridiculous segmentation like in the past. Just identify distinct clusters of customers who, in a certain place, at a certain time with certain needs, you can activate,” he tells Brand Equity, citing how Chobani built dominance in a cluttered yoghurt market...
- Frozen Food maker HyFun Foods eyes Rs 100 crore revenue from domestic retail in 2025, bets big on quick commerce 07 May 2025, retail.economictimes.indiatimes.com HyFun Foods, an Indian frozen food manufacturer, is expanding its omnichannel presence across India, targeting over Rs 100 crore in domestic retail revenue by 2025-end. A significant portion of this growth is expected to come from quick commerce channels like Zepto, Swiggy, and Blinkit. “By 2028, we expect 50 per cent of our total consumption to come from the Indian market,” said Haresh Karamchandani, managing director and Group CEO, HyFun Foods, in an interaction with ETRetail...
- Trent on path to expand presence beyond metros, revival in SSSG will be crucial 07 May 2025, retail.economictimes.indiatimes.com Trent's March quarter net profit declined due to Zudio's expansion and lower same-store sales growth. Margins contracted from higher discounts and Zudio's revenue share, despite robust store additions. Analysts maintain a 'BUY' rating, projecting strong revenue and profit growth, supported by new categories and cost control, despite moderated SSSG...
- Strong demand for premium beer from tier II cities, Rs 600 crore capex to support growth: SOM Distilleries 07 May 2025, retail.economictimes.indiatimes.com SOM Distilleries & Breweries Ltd is expanding its infrastructure to meet this growing demand and explore opportunities in the broader alcoholic beverage market...
- Radico Khaitan eyes super-premium whisky segment as Indian spirits market heats up 07 May 2025, retail.economictimes.indiatimes.com Radico Khaitan plans to launch super-premium whisky in FY26. The company aims to capitalize on the rising demand for luxury spirits. Radico Khaitan reported strong FY25 results with record EBITDA. They achieved 18% revenue growth. The company will introduce new luxury brands. These launches will strengthen Radico Khaitan's premium portfolio. The company focuses on marketing and distribution expansion...
- End consumers are unlikely to get benefits of reduced raw material prices by consumer companies: Report 07 May 2025, retail.economictimes.indiatimes.com Consumer sector companies are unlikely to pass on the benefits of reduced raw material prices to the end customers and instead use this opportunity to improve their gross profit margins, according to a report by Nomura, a global financial services firm...
- Small lipstick wonders: India’s beauty fix comes in minis and Lakme’s ready to cash in 07 May 2025, retail.economictimes.indiatimes.com Mini-sized beauty products are gaining traction in India, driven by affordability, convenience, and the desire for experimentation, particularly among Gen Z. Lakme recognizes the potential of minis to expand make-up usage beyond special occasions, leveraging quick commerce platforms and digital investments to reach consumers...
- Jaipur Watch Company enters franchise retail; opens first three stores 06 May 2025, retail.economictimes.indiatimes.com Jaipur Watch Company is growing its presence. It has launched franchise outlets in Mumbai, Gurgaon, and Surat. The expansion uses a FOCO model. The company plans eight more stores in Hyderabad and Bangalore. It targets Rs 20 crore revenue from these outlets by FY26. Franchise retail may contribute 50% of overall revenue. The stores are located in premium malls...
- Summer product sales take a rain check as demand falls 15% in past week 05 May 2025, retail.economictimes.indiatimes.com Unexpected rains disrupt summer sales for beverage and ice cream companies in India. Companies are adjusting retail stocks and production schedules due to decreased demand. Some are localizing marketing campaigns in real-time. The India Meteorological Department forecasts more rainfall. Companies hope demand will normalize with hotter temperatures next month. They remain optimistic about overall growth despite the current setback...
- Mobile, electronics manufacturers to self-declare Repairability Index: Govt 05 May 2025, retail.economictimes.indiatimes.com The government on Saturday said that the committee constituted for the Framework on Repairability Index (RI) in mobile and electronic sector has submitted its report, to help consumers who witness issues while seeking repair for their devices...
- A billion dollar idea born out of 'gut feeling' 05 May 2025, brandequity.economictimes.indiatimes.com From Tokyo's Yakult to Indonesia's Kombucha, the world is embracing probiotic drinks. India, with its rich tradition of fermented beverages like Kanji, Ambil, and Panta Bhat, is poised to capitalize on this trend. As awareness of gut health grows, these indigenous cooling drinks offer a healthy alternative to sugary summer beverages, potentially becoming global sensations...
- Perform or Perish: Reliance Retail’s warning to stores 02 May 2025, retail.economictimes.indiatimes.com Reliance Retail is prioritizing profitability and efficiency as it gears up for a potential IPO. The company now requires new stores to break even within 6-12 months, a significant shift from its previous two-year assessment period. While scaling back aggressive expansion plans, Reliance Retail focuses on premiumization, streamlining operations, and achieving profitability in its e-commerce ventures...
- OYO to enter F&B sector with in-house kitchens, QSR carts 02 May 2025, retail.economictimes.indiatimes.com Pilot program launched since January 2025 across 100 company-serviced hotels in India said an official release...
- Eternal shuts down Zomato Quick, Everyday after tepid demand 02 May 2025, retail.economictimes.indiatimes.com Zomato's parent company, Eternal, has discontinued its 10-minute food delivery service, Quick, and its homely meals segment, Everyday, due to insufficient demand and profitability concerns. CEO Deepinder Goyal cited challenges with restaurant density and kitchen infrastructure for Quick's inconsistent customer experience, while announcing the quarterly results for three months to March 2025...
- Cooking up a storm: Rapido’s foray into food delivery will be a game changer, say industry experts 02 May 2025, retail.economictimes.indiatimes.com Top sources in the know told ET Digital that Rapido’s foray will be in July via a model where commission costs could be lower or even as a subscription-based platform. ..
- Coles sees strong demand in home brand, keeps 'eye on' tariff ripple effects 02 May 2025, brandequity.economictimes.indiatimes.com Coles reported a 3.4 per cent increase in third-quarter group sales. The rise was driven by the strong performance of its premium home brand. CEO Leah Weckert noted shoppers' focus on value. The company is monitoring the potential impact of global tariffs on beef production. Fourth-quarter sales are expected to align with the third quarter...
- Myntra brings wedding fashion chaos to life with Renuka Shahane 02 May 2025, brandequity.economictimes.indiatimes.com Myntra's new campaign, featuring Renuka Shahane, humorously portrays the chaos of Indian weddings. The campaign, conceptualised by OML, showcases Myntra as the ultimate fashion destination for diverse wedding needs, offering a vast selection and quick delivery. It highlights the brand's role in enabling stylish and seamless fashion experiences for multi-generational families during the vibrant wedding season...
- Retailers fear toy shortages at Christmas as tariffs freeze supply chain 02 May 2025, brandequity.economictimes.indiatimes.com President Trump's tariffs on Chinese goods are jeopardizing the upcoming Christmas season, as toy makers and retailers halt orders due to increased costs. With China producing the majority of toys and Christmas items, the tariffs are causing significant disruptions in the supply chain, potentially leading to product shortages and higher prices...
- Costa Coffee sees rising sips grow its India business 02 May 2025, retail.economictimes.indiatimes.com Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually, despite global economic uncertainties. The company sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z...
- Ivana Jewels eyes four-fold revenue growth this fiscal, steps up offline expansion 02 May 2025, retail.economictimes.indiatimes.com Ivana Jewels, a lab-grown diamond startup, is expecting a significant revenue growth in this fiscal, touching Rs 60 crore in revenue. The company plans to expand its physical presence with new stores across key cities. A hybrid franchise model will support this expansion. Ivana recently raised Rs 2 crore in seed funding. ..
- India's restaurant sector has potential to provide 1.5 cr jobs by 2028 given "right impetus": NRAI 02 May 2025, retail.economictimes.indiatimes.com The NRAI anticipates the restaurant sector can generate 1.5 crore jobs by 2028, up from 85 lakh, if the government grants 'industry' status and input tax credit on GST. The association is currently in disagreement with food delivery aggregators over fair competition and private-label brands...
- Dubai’s Mall of Emirates to expand with 100 stores, new theatre in Dh5-billion project 02 May 2025, khaleejtimes.com Mall of the Emirates is investing Dh5 billion in a massive expansion, adding 100 new stores, a new theatre, a new indoor and outdoor dining precinct, more entertainment spaces and wellness...
- A View from the North: The Canadian Retail Scene 02 May 2025, mecsr.org I am honored to provide an update on the Canadian retail scene for MECSR’s Retail People Magazine. It’s incredible to think that five years have passed since I returned to Canada from the UAE. My time there feels like it was just yesterday, filled with fond memories...
- Rise in DOOH inventory making tier 2, 3 cities integral to brand outreach strategies 02 May 2025, retail.economictimes.indiatimes.com https://www.exchange4media.com/out-of-home-news/rise-in-dooh-inventory-making-tier-2-3-cities-integral-to-brand-outreach-strategies-143065.html..
- March saw a 6% rise in retail sales in India: Report 30 April 2025, brandequity.economictimes.indiatimes.com India's retail sector experienced a 6 per cent sales increase in March 2024 compared to the previous year, indicating consistent domestic demand despite global trade uncertainties. North and West India led regional growth, while food and grocery saw the highest category increase. Retailers maintain a cautiously optimistic outlook, anticipating continued consumer spending on aspirational products...
- Unilever, Reliance see signs of consumer demand revival in India 30 April 2025, retail.economictimes.indiatimes.com India's urban shoppers are showing signs of increased demand, potentially offsetting trade negotiation volatility with the US. Hindustan Unilever anticipates improved demand driven by macroeconomic tailwinds, while Reliance Retail reports a profit jump. These positive indicators suggest a possible end to a year-long economic slowdown, supported by government initiatives and a favorable monsoon forecast...
- India's luxury retail takes a quantum leap 30 April 2025, retail.economictimes.indiatimes.com India's luxury retail is booming. Leasing activity is up by ninety percent. Luxury brands are expanding across major cities. Both global and domestic players are vying for market share. High demand is pushing up rentals. More international brands are entering India. The number of high-income households is expected to double by 2030...
- Reliance’s FMCG arm becomes India’s 8th largest in just 2 years, surpassing Marico 30 April 2025, retail.economictimes.indiatimes.com Reliance’s FMCG arm has swiftly become India’s eighth-largest, clocking Rs 11,500 crore revenue in FY25. Driven by brands like Campa and Independence, it surpassed Marico and Tata Consumer’s India business. With aggressive expansion, rapid product rollouts, and store rationalisation, Reliance Retail continues reshaping India’s consumer goods landscape, including quick commerce ambitions...
- Japan's Kokuyo acquires furniture maker HNI India 30 April 2025, retail.economictimes.indiatimes.com Kokuyo, a Japanese brand, is set to acquire HNI India. This move will expand Kokuyo's presence in the Asian office furniture market. The acquisition aligns with Kokuyo's growth strategy. HNI India has a manufacturing unit in Nagpur. The company reported revenue of over Rs 200 crore. Kokuyo aims to rebrand HNI India under its name soon...
- Global giants P&G to PepsiCo look to India for growth while small rivals speed ahead 29 April 2025, brandequity.economictimes.indiatimes.com Global consumer giants are facing challenges. They are lowering forecasts due to tariffs and spending cuts. India is a key growth market for P&G, Reckitt, and PepsiCo. These companies report steady consumption in India. Government incentives and tax relief aid growth. Small, regional players are growing faster. High inflation and cost of living pose challenges...
- How Royal Enfield’s 'HunterHood' is shaping a new motorcycling culture 29 April 2025, afaqs.com Founded in 1901 in Redditch, England, Royal Enfield is among the oldest motorcycle brands still in continuous production. Although its UK operations ended in 1970, the brand found a new home in India, where it has been manufactured since 1955 under Eicher Motors...
- AI-driven marketing: How global brands are localising and winning 28 April 2025, brandequity.economictimes.indiatimes.com AI's role in global business is shifting from automation to strategic partnership, emphasising cultural understanding and localization. Companies like DBS Bank and Singtel are leveraging AI to tailor services to local regulations and preferences, enhancing customer satisfaction. Success hinges on AI's ability to interpret context and culture, balancing scalability with sensitivity while prioritizing human capital and sustainability...
- TikTok videos exploit trade war to sell fake luxury goods 28 April 2025, brandequity.economictimes.indiatimes.com TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. The accusation that luxury goods officially manufactured in Europe were in reality being secretly made in China "does not make any sense", concurred Michel Phan, professor of luxury marketing at emlyon business school in France...
- Swiss check their watches, it shows India's time 28 April 2025, retail.economictimes.indiatimes.com Luxury Swiss watchmakers are increasingly targeting India due to slowing consumption in China. Swiss watch exports to India surged nearly 30% in the first quarter of 2025, making it the fastest-growing market globally. This growth is fueled by a rising aspirational younger generation and expanding retail presence in both metros and smaller cities...
- Chinese e-commerce platforms to end refund-without-returns amid weak economy, sources say 24 April 2025, retail.economictimes.indiatimes.com Chinese authorities are intervening in e-commerce practices, urging platforms like PDD Holdings to cease automatically refunding customers without requiring returns. This policy change, expected to be implemented by July, aims to alleviate financial strain on merchants facing economic headwinds. The move follows protests and increased government scrutiny of "involution-style" competition within the e-commerce sector...
- Luxury products above Rs 10 lakh to attract 1% TCS 24 April 2025, retail.economictimes.indiatimes.com The CBDT has mandated a 1% TCS on luxury goods exceeding ₹10 lakh, effective immediately. This includes items like handbags, watches, and collectibles. The move aims to curb black money, enhance transparency, and improve oversight in the luxury market by tracking high-value transactions often obscured by opaque pricing and cash payments...
- Finally, deals back on the menu for QSRs, cafe chains 24 April 2025, brandequity.economictimes.indiatimes.com India's QSR and cafe industry is experiencing a resurgence in deal activity, fueled by recovering demand and evolving consumer preferences. Several homegrown chains like Mad Over Donuts and Theobroma are securing funding from PE investors. Major players are expanding, with Devyani International acquiring Biryani By Kilo and Jubilant FoodWorks prioritizing customer acquisition and store expansion...
- From watches to horses: Now, 1% TCS on luxury goods over ₹10 lakh 24 April 2025, business-standard.com The Central Board of Direct Taxes (CBDT), operating under the finance ministry, has significantly broadened the ambit of tax collected at source (TCS) under Section 206C of the Income Tax Act, extending it to a wide range of high-end luxury goods...
- Trent's JV deal for Zara, Massimo has a 'put' edge 23 April 2025, retail.economictimes.indiatimes.com Inditex, the parent company of Zara, disclosed that Trent, its Indian partner, has the option to sell its stakes in their Zara and Massimo Dutti joint ventures. Inditex also holds the right to purchase Trent's shares. Zara, with 23 stores in India, faces increasing competition, with H&M surpassing it in revenue through aggressive expansion and lower prices...
- Value + Volume Play: The Body Shop recalibrates prices down up to 30 pc across core products to double India biz 23 April 2025, retail.economictimes.indiatimes.com The Body Shop India is strategically reducing prices by 28-30% on 50% of its products to regain lapsed customers and attract new ones, aiming to double its business in the next five years. This long-term recalibration involves renegotiating with suppliers without compromising product quality. The brand also plans to expand its 'India Edit' portfolio and increase touchpoints by FY26...
- Trump govt may press India to give Amazon, Walmart's Flipkart full access to $125 bn e-comm market 23 April 2025, retail.economictimes.indiatimes.com The United States is pushing India to open its e-commerce market to American giants like Amazon and Walmart. These talks are part of a broader trade deal covering sectors like food and automobiles. The US wants a level playing field, challenging India's regulations. India's rules favor local rivals. This comes amid US Vice President JD Vance's visit to India...
- Aim to exceed Rs 100 crore ARR by end of 2025: House of Biryan 23 April 2025, retail.economictimes.indiatimes.com With over 20 cloud kitchens, the company aims to exceed Rs 100 crore ARR by December 2025 through strategic expansion and tech-driven personalization, targeting Gen Z and millennial consumers...
- 67% Indians trust influencer recommendations over traditional advertisements: Report 23 April 2025, brandequity.economictimes.indiatimes.com Influencer marketing is now a game-changer for brands. Kantar's Influencer Playbook helps brands evaluate influencer campaigns. The report shows 67 per cent of Indians trust influencer recommendations. Influencer content outperforms traditional ads. It drives brand favorability and purchase intent. Influencer ads drive short-term sales. The Playbook guides brands to create impactful content. This content resonates with consumers and elevates brands...
- Advertising: Subjectivity with the soul of objectivity 23 April 2025, brandequity.economictimes.indiatimes.com Drowning in subjectivity? Objectivity becomes the playground of the stoics and the left brained individual. This demarcation also exists in the professional landscape—in the kind of jobs that have evolved in society. Advertising agencies carry out research exercises, talk to people, understand behaviour & psychology, identifying patterns and using that we come up with a creative method of communicating the brand piece - an entire operation carried out just to understand the supposedly un-understandable. ..
- Big-picture thinking in content marketing: Turning ideas into impactful campaigns 23 April 2025, brandequity.economictimes.indiatimes.com Content marketers often prioritize volume over relevance, hindering true impact. To achieve lasting influence, brands must shift from content creation to content strategy, focusing on solving core problems and aligning with business objectives. By crafting narratives, strategically choosing channels, and leveraging data for evolution, marketers can build sustainable content ecosystems that inspire action and foster long-term trust...
- India’s retail industry may gain as Trump’s tariffs singe Chinese exports 22 April 2025, retail.economictimes.indiatimes.com India must swiftly leverage the 90-day tariff pause by boosting its exports, securing favourable trade terms, and solidifying its position as a reliable alternative to China in global supply chains, according to experts and industry stakeholders...
- Secondhand stores are poised to benefit if US tariffs drive up new clothing costs 22 April 2025, retail.economictimes.indiatimes.com Industry experts predict secondhand clothing stores are set to thrive amidst potential consumer price increases caused by President Trump's tariffs on imported goods. As new clothing becomes more expensive, cost-conscious shoppers may turn to resale sites and thrift stores for bargains, boosting the pre-owned fashion market...
- Pacific Group to develop 15 lakh sq ft mall, 130-key hotel in Jaipur 21 April 2025, realty.economictimes.indiatimes.com Pacific Group Managing Director Abhishek Bansal said, "We have a portfolio of nine shopping malls and now we are expanding in Jaipur, Rajasthan."..
- ₹99 espresso shot takes on Starbucks and Tim Hortons in India 21 April 2025, brandequity.economictimes.indiatimes.com Indonesian coffee chain Kopi Kenangan, valued at over $1 billion, has entered the Indian market, launching its first outlet in Delhi. The company aims to be a lower-priced alternative to global giants like Starbucks and Tim Hortons, targeting students and young professionals with affordable options starting at ₹99. Kopi Kenangan plans further expansion into Mumbai and Bengaluru...
- Italian newspaper gives free rein to AI, admires its irony 21 April 2025, brandequity.economictimes.indiatimes.com Il Foglio experimented with AI-generated content, publishing a four-page daily insert for a month, boosting sales. Editor Claudio Cerasa believes AI won't replace journalists but will create new roles and enhance quality journalism. While AI excels at irony and book reviews, it lacks critical thinking and struggles with factual accuracy, highlighting the irreplaceable value of human insight...
- Trade war fears ripple into luxury fashion, but high-end brands remain untouched by bargain buzz 21 April 2025, brandequity.economictimes.indiatimes.com Tariffs and trade wars are impacting even the luxury fashion market, sparking fears of cheap imitations flooding the market. While social media influencers promote bargain hunting, the ultra-luxury segment thrives on exclusivity, making genuine branded items even more desirable. The fashion industry's economics, environmental costs, and the value of design over mass production are key factors at play...
- As smartphone exports skyrocket, some fly under radar 21 April 2025, retail.economictimes.indiatimes.com Some of the iPhones and Samsung Galaxy handsets are shipped to the companies' non-priority markets like Africa, according to four senior industry sources associated with manufacturers, distribution, and retail. Most of these smartphones pass through Dubai...
- Low liquor shop count leading to inflated prices and less choices for consumers, says ISWAI CEO 21 April 2025, retail.economictimes.indiatimes.com India's liquor retail density is significantly low, with only five shops per lakh consumers, leading to limited brand choices and overcharging. States like Maharashtra haven't issued new licenses in decades, contrasting with progressive states like Punjab. Experts suggest expanding retail networks and modernizing stores to boost revenue and curb illicit liquor sales, aligning with evolving consumer preferences...
- More Retail eyes Rs 6,000 cr revenue in FY26, bets on hybrid store model to drive 25-30% growth 18 April 2025, brandequity.economictimes.indiatimes.com More Retail, backed by Samara Capital and Amazon, aims for Rs 6,000 crore in gross sales by FY26, up from Rs 5,000 crore in FY25. CEO Vinod Nambiar credits a 25-30 per cent annual growth rate to organic expansion, new store additions, and online growth. Operating 775 stores, More Retail focuses on basket-building, with an average grocery ticket size of Rs 850...
- Social media and messaging apps dominate daily engagement: Report 18 April 2025, brandequity.economictimes.indiatimes.com Rural India demonstrates resilience amidst inflation, marked by increased price sensitivity and rapid digital adoption across demographics. Consumers are recalibrating choices due to financial anxieties, yet optimism is returning. A dual-channel strategy blending traditional media's scale with digital's precision is essential for brands to effectively engage with this evolving landscape...
- Retail space leasing in Delhi-NCR surges 57% to 4.08 lakh sq. ft.: Report 18 April 2025, indiaretailing.com The Delhi-National Capital Region (NCR)’s leasing activity in high streets and malls has risen 57% year-on-year to 4.08 lakh sq. ft. in the first quarter of 2025, according to data from global real estate consultancy Cushman & Wakefield. Much of it is due to the aggressive expansion by fashion and food & beverage (F&B) brands...
- REITs to drive institutional investment in India's office spaces: Nuvama Report 18 April 2025, realty.economictimes.indiatimes.com The report underscores the cautious private equity (PE) investments during the period 2022 and 2023 due to the concerns over rising inflation and interest rates...
- The Glenwalk sells 1.4 mn bottles in FY25, plans to triple its volume to 4.2 mn bottles by next year 17 April 2025, retail.economictimes.indiatimes.com Glenwalk, a scotch whisky brand, achieved impressive sales of 1.4 million bottles in FY 2024-25. The company now aims to triple its sales volume to 4.2 million bottles in the coming year, expanding its reach across India. With a presence in over 75 cities and 15 states, Glenwalk is focused on deeper market penetration and a broader global presence...
- Panasonic India aims to raise its share in the country’s AC market to 10% 17 April 2025, financialexpress.com Panasonic Life Solutions India is aiming to increase its share in the country’s air-conditioner market to 10% in the next three years, from 7.5% currently, its Chairman Manish Sharma said on Wednesday...
- Premiumisation and emerging markets: The new frontier for brand-led growth 17 April 2025, brandequity.economictimes.indiatimes.com Brands are strategically leveraging premiumisation and emerging markets to foster resilience and relevance amidst evolving consumer expectations. Storytelling, cultural fluency, and data-driven insights are crucial for building authentic brand connections. Marketing is now a strategic growth engine, focusing on demand creation and long-term brand equity through innovation and cultural impact...
- Impulse buying is now planned—wait, what? 17 April 2025, brandequity.economictimes.indiatimes.com Shopper behavior has evolved, with impulse purchases increasingly planned in advance due to digital influence and personalized promotions. This shift requires brands to engage consumers earlier, building mental availability and emotional connections before they even enter a store. Winning strategies involve optimizing across multiple touchpoints, from digital engagement to in-store visibility, to drive habitual indulgence and brand familiarity...
- Premiumisation and emerging markets: The new frontier for brand-led growth 17 April 2025, brandequity.economictimes.indiatimes.com Brands are strategically leveraging premiumisation and emerging markets to foster resilience and relevance amidst evolving consumer expectations. Storytelling, cultural fluency, and data-driven insights are crucial for building authentic brand connections. Marketing is now a strategic growth engine, focusing on demand creation and long-term brand equity through innovation and cultural impact...
- Jinglebandi all the way 16 April 2025, brandequity.economictimes.indiatimes.com With jingles slowly fading, a new soundscape is emerging—emotional, original and crafted for a scroll-happy Gen Z. In an age of fleeting trends and algorithm churns, brands will need to lean into music that resonates, not just repeats. Jingles have stickiness, but a thoughtfully composed song can echo for a lifetime in the brand’s story. But amidst the race for relevance, creators argue: Good music takes time, and intention...
- Cosmetics companies turn up the heat over sunscreen 'truth' 16 April 2025, brandequity.economictimes.indiatimes.com Ghazal Alagh, cofounder of Honasa Consumer, criticized large FMCG brands like HUL for complacency due to limited competition. This follows HUL's campaign questioning the SPF claims of online sunscreen brands, including those from Honasa. HUL defends its campaign, emphasizing consumer safety and the importance of in-vivo testing, while aiming to grow its premium beauty segment in a competitive market...
- 'Ignore print at your own peril- big brands need bold voice' 16 April 2025, brandequity.economictimes.indiatimes.com Ashish Kaul—Professor of Practice in Marketing and Digital Marketing MBA programs, fractional CMO, strategy consultant, and author—writing on how newspapers offer a unique 'launch feel' for current affairs, amplify brand value through 'larger-than-life' imagery, and create a perception of premium pricing...
- Govt notifies Banking Laws (Amendment) Act 2024; four nominees now allowed per account 16 April 2025, thehindubusinessline.com The government has notified the Banking Laws (Amendment) Act 2024, which allows bank account holders to have up to four nominees in a bank account, among other provisions. However, the date for implementation of various provisions will be notified later...
- Is India’s consumption growth back on track? 16 April 2025, thehindubusinessline.com “Subject to some adjustment or the seasonality pattern, consumption expenditure appears to be picking up on average and is being driven largely by rural demand,” says DK Srivastava, Chief Policy Advisor, EY India, in this State of the Economy podcast with Shishir Sinha...
- DLF to open 3 shopping malls in FY26 covering about 14 lakh sq. ft. area 16 April 2025, indiaretailing.com Realty major DLF will open three shopping malls in Goa, Delhi and Gurugram in the current fiscal, covering around 14 lakh square feet space as it remains bullish on the growth of organised retail in India...
- Walmart doubles down on India with second GCC in Chennai to strengthen tech backbone 16 April 2025, indiaretailing.com Walmart's Indian tech arm is expanding its presence by leasing nearly 465,000 sq ft of office space in Chennai for a new global capability centre. This move signifies Walmart's growing investment in India's tech ecosystem, complementing its existing GCC in Bengaluru...
- Rainfall cools down April AC sales; price hike likely soon 14 April 2025, retail.economictimes.indiatimes.com Despite intermittent rainfall in the south and thunderstorms in the north and east impacting sales, the room air conditioner industry anticipates double-digit growth in the June quarter, driven by forecasts of an intense summer. Manufacturers like Blue Star, Samsung, and Haier are implementing price increases of up to 5% due to rising raw material costs and currency fluctuations...
- Taxman opens the parcel: GST sleuths probe restaurant packaging charges 14 April 2025, retail.economictimes.indiatimes.com Indian tax authorities are investigating whether restaurants have evaded taxes on packaging charges, following scrutiny of 'food and delivery' taxes. The GST department has issued summons to eateries listed on platforms like Zomato, seeking GST details on packaging fees since January 2022. While GST on food isn't disputed, authorities question if packaging charge collections reached state coffers...
- How the attention economy is changing the face of brand building 14 April 2025, brandequity.economictimes.indiatimes.com Brand building faces a paradigm shift in India, as fleeting consumer attention replaces deep emotional connections. The rise of mobile phones and social media has created an attention economy where frequency and visibility outweigh emotional resonance. Brands must now prioritize constant presence across multiple platforms, crafting real-time experiences to capture fleeting moments of attention...
- Can shopping malls collect parking fees? The debate rekindled by courtroom clashes 14 April 2025, indiaretailing.com The issue of parking fee collection by shopping malls and multiplexes in India has once again come under sharp public and legal scrutiny. A matter that has simmered for over a decade through consumer complaints, state policies, and judicial interventions is now at a pivotal point...
- Is the first-day first-show losing its lure? 11 April 2025, business-standard.com Appearing to give most countries a breather, US President Donald Trump on Wednesday (April 9) announced a 90-day pause on the full effect of his new tariffs for at least some countries...
- Is the first-day first-show losing its lure? 11 April 2025, brandequity.economictimes.indiatimes.com Old cinema tickets were prized possessions. They evoked memories. Movie costs are high now. The author suggests bringing back elements of single screens. Theatres can create lasting memories. Digital tickets can include special features. Theatres can offer unique food items. Post-viewing engagement can include deleted scenes. Brand coupons can be offered. This makes movie-going memorable...
- Adidas, Levi's, Gap and …: How Amazon’s rival to Shein and Temu is changing after Donald Trump's 104 per cent tariffs on China 11 April 2025, brandequity.economictimes.indiatimes.com Amazon is changing its ultra-cheap "Amazon Haul" shopping experience in response to Donald Trump's massive 104% tariffs on Chinese imports that it launched to take on Chinese e-commerce platforms like Shein, Temu, and others. The e-commerce giant has begun stocking products from well-known American brands like Adidas, Levi's, and Gap in US warehouses, fundamentally altering Haul's original business model...
- Local audio brand forays into consumer AI hardware with AI-buds 11 April 2025, brandequity.economictimes.indiatimes.com Amid sluggish demand in the wearables market, Hyderabad-based audio brand Mivi has invested $5 million in developing AI-powered earbuds for consumers. The total investment, including marketing, is expected to reach around $10–11 million. The platform is designed to provide personalised, human-like interactions with users, learning their preferences and habits over time, the company co-founders said...
- SC direction on labelling could deal a blow to packaged foods firms 11 April 2025, retail.economictimes.indiatimes.com The Supreme Court has directed packaged food companies to display ingredient information. This follows a decade of resistance to front-of-pack labeling. Nutrition experts welcome the decision, anticipating healthier consumer choices. The Food Safety and Standards Authority of India has until July 2025 to finalize rules. Companies express concerns about increased costs and potential slowdowns...
- Flipkart Minutes to expand dark store network to 800 by 2025-end: CEO Kalyan Krishnamurthy 11 April 2025, retail.economictimes.indiatimes.com Speaking during Walmart's annual investment community meeting, Krishnamurthy said, "The customer segment for this particular product is a sophisticated one, with high expectations. The most important aspect to make this business successful is the supply chain behind it. It has to be scalable, technology-enabled, agile and reliable."..
- Kopi Kenangan enters India through its brand Kenangan Coffee 11 April 2025, indiaretailing.com Southeast Asia’s fastest-growing grab-and-go coffee chain Kopi Kenangan has officially launched its first store of Kenangan Coffee in India at Pacific Mall, Tagore Garden, Delhi, the company said in a press release on Thursday...
- Dixon Technologies to set up Rs 1,000-cr facility near Chennai; to create 5,000 jobs 10 April 2025, retail.economictimes.indiatimes.com As per the MoU, Dixon Technologies will set up the facility at the Indospace Industrial Park in Oragadam, located about 45 km south of Chennai. The factory will produce laptops and all-in-one personal computers and offer electronic manufacturing services to other companies...
- India gives global booze biz a hangover 10 April 2025, retail.economictimes.indiatimes.com Global liquor sales fell 1% in 2024, with India and other top markets underperforming expectations. In India, spirits growth halved to 2.2% due to high living costs and inflation, though premiumisation helped offset some losses. Despite challenges, the Indian market remains buoyant, with consumers shifting to higher-end products, particularly Indian single malts, boosting value growth...
- Lock, stock, and no cheap China imports 10 April 2025, retail.economictimes.indiatimes.com India is taking measures to protect domestic industries from cheap Chinese imports, which may flood the market due to escalating tariffs between China and the US. Policymakers are exploring minimum import prices, safeguard duties, and anti-dumping measures. The Directorate General of Trade Remedies (DGTR) has already initiated several inquiries against Chinese imports to prevent harm to local businesses, especially MSMEs...
- Smaller towns signal big demand for smartphones 10 April 2025, retail.economictimes.indiatimes.com With urban smartphone markets nearing saturation, India’s mobile handset industry is turning to tier-2 cities and rural areas for growth. These regions are witnessing a rise in affordable and premium 5G phones, along with a growing second-hand 4G market supported by financing options. Experts say these areas are driving higher growth than metros and could boost overall smartphone sales...
- Women Add Muscle to Nutrition Business 10 April 2025, brandequity.economictimes.indiatimes.com The sports nutrition industry is witnessing a surge in female customers, driven by both the popularity of GLP-1 weight loss drugs and a broader interest in fitness and strength. Companies like Applied Nutrition and Glanbia are adapting their product lines to cater to this growing demographic, shifting away from a focus solely on weight loss...
- Trump announces 90-day pause on tariffs, raises China tariffs to 125% 10 April 2025, business-standard.com Appearing to give most countries a breather, US President Donald Trump on Wednesday (April 9) announced a 90-day pause on the full effect of his new tariffs for at least some countries...
- Malls, mainstreets drive 55 pc surge in India's retail leasing during Jan-March 09 April 2025, retail.economictimes.indiatimes.com Leasing activity in India's retail sector recorded a robust 55 per cent jump to cross 2.4 million square feet (MSF) in the January-March quarter this year across the country's top eight cities, with both malls and mainstreets contributing to the growth, according to a report released on Tuesday...
- Samsung aims for 10% market share in room air conditioner segment 09 April 2025, retail.economictimes.indiatimes.com Samsung India has doubled its room-air conditioner sales, capturing 10% of the market share in Q1 2025, driven by its BESPOKE AI WindFree series. The company anticipates leading industry growth, fueled by increased disposable income and expanded distribution. Samsung is also exploring opportunities in the commercial air conditioning sector, targeting new constructions like malls and offices...
- No business like chow business 09 April 2025, brandequity.economictimes.indiatimes.com To build a restaurant brand that thrives in India, you need a blend of rigour and romance, says the author, who founded International Market Management (IIM) and has worked with brands like Wendy’s, Jamie Oliver, PizzaExpress, John Lewis and Wagamama. But beyond the spreadsheets, it’s about presence, persistence and a genuine love for the game. Extra points if you can dad-dance your way through social media without scaring the algorithm. ..
- Leasing of retail spaces rise 55% across top eight cities to over 24 lakh sq ft in Q4 FY25: Report 09 April 2025, brandequity.economictimes.indiatimes.com "India's retail sector is evolving at a dynamic pace, and the strong leasing activity in Q1 2025 reflects growing market confidence," Saurabh Shatdal, Managing Director, Capital Markets and Head-Retail, India said...
- EP08: Middle-class is redefining luxury in interior design 09 April 2025, realty.economictimes.indiatimes.com With rising aspirations and greater global exposure, India’s design-conscious middle class is driving a wave of affordable luxury. Aditi Binani, principal designer & founder of Purple Edge Design, shares how evolving budgets, digital influence, and product accessibility are shaping the future of interiors...
- Starbucks India plans aggressive store expansion, despite running in losses 07 April 2025, brandequity.economictimes.indiatimes.com Starbucks India is set to expand its store count despite incurring losses. CEO Sushant Dash emphasized aggressive growth plans, with the total store count now at 487. Among the top four growth markets for Starbucks, India remains a key focus for the brand. Domestic and international competitors are also expanding their presence in India's coffee retail market...
- Sneaker and apparel retailers blindsided by tariffs on Asian factory hubs 07 April 2025, brandequity.economictimes.indiatimes.com Nike and Adidas prices are set to increase in the U.S. after President Trump imposed new tariffs on countries like Vietnam and Indonesia. These measures affect key sportswear manufacturers, leading to significant stock drops for brands like Nike and Adidas. The new tariffs drastically raise U.S. apparel import rates, causing substantial challenges for retailers and consumers alike...
- Glass half full: India could take big gulp of US dairy export market 07 April 2025, retail.economictimes.indiatimes.com By initiating a tariff war, the US has caused disruptions resulting in India gaining a significant portion of its dairy export market. Numerous countries in India's vicinity are likely to raise import duties on US products in retaliation, positioning India to capitalize on the opportunity to access newer export markets...
- Restaurants remove service charge after Delhi HC ruling, say will impact staff payouts 07 April 2025, retail.economictimes.indiatimes.com Several Pune restaurants have stopped levying service charges following a Delhi high court ruling. Owners express concerns about staff remuneration and plan to rework menu pricing or encourage voluntary tipping to ensure fair employee compensation...
- Disney Consumer Products India targets deeper partner ecosystem, new product verticals 07 April 2025, indiaretailing.com Disney Consumer Products (DCP) India, the retailing and licensing subsidiary of The Walt Disney Company, is planning to ramp-up its collaborations with scalable partners who bring a long-term vision in growing the presence of Disney through products and experiences in the country, a top company official told IndiaRetailing...
- Toy industry ready to take advantage of high US tariffs on competitors like China, Vietnam 07 April 2025, indiaretailing.com The Indian toy industry is ready to take advantage of the high tariffs imposed by the US on competitors such as China and Vietnam, and the domestic players have already begun work on expanding capacity and forming joint ventures with global firms, exporters said on Sunday...
- India's $32 billion gems & jewellery industry braces for sharp fall after Trump's tariff announcement 04 April 2025, retail.economictimes.indiatimes.com India’s USD 32 billion gems and jewellery industry faces a sharp decline in exports due to new U.S. tariffs, impacting its position as the global leader. The tariffs, higher than expected, threaten to reduce the industry’s exports to its largest market, the United States, which accounts for 30.4 per cent of annual exports...
- Barbeque Nation Hospitality's international expansion plans, portfolio growth, and new revenue streams to drive FY27 ambitions 04 April 2025, retail.economictimes.indiatimes.com Barbeque Nation Hospitality plans to double its international presence to 18 restaurants by FY27, expanding in South East Asia, Saudi Arabia, and Malaysia. The company, with a strong balance sheet, focuses on acquisitions and new revenue streams, aiming for a total of 300 outlets by FY27, despite flat revenue growth in FY25...
- The Good Bug crosses Rs 100 cr revenue mark; launches natural weight loss solution 04 April 2025, retail.economictimes.indiatimes.com Gut health startup The Good Bug has surpassed Rs 100 crore revenue within 2.5 years, as disclosed by co-founder Keshav Biyani. The company has launched the Good Bug’s Advanced Metabolic System, aiming for wider domestic reach and global expansion. The product targets obesity by naturally increasing GLP-1 levels without side effects...
- Dusit International to expand its presence in India with 10 more hotels 04 April 2025, realty.economictimes.indiatimes.com The company has inked three key properties in Karnataka, which include the wellness-focused Devarana Sakleshpur, set to open in 2028, and two upcoming Dusit Princess Hotels & Resorts...
- Startups in non-metros see value in digital marketing; aim to compete with bigger markets 04 April 2025, brandequity.economictimes.indiatimes.com There is a growing demand for digital marketing professionals in non-metro cities due to startups recognizing its necessity for growth. The trend is attributed to affordability, local talent, and better internet connectivity. Cities like Jaipur, Indore, Coimbatore, and Kochi are leading this surge, with many professionals opting for freelance careers or boutique agencies...
- DLF Promenade set to open its doors in Goa soon 04 April 2025, indiaretailing.com DLF Malls, the retail arm of real estate giant DLF Ltd., is accelerating its expansion with the upcoming launch of DLF Promenade mall in Goa, according to a company official on social media...
- Nike can’t ‘just do it’ with US tariffs on Vietnam, set to face big blow in its effort to revive brand 03 April 2025, retail.economictimes.indiatimes.com Nike faces potential U.S. tariffs on imports from Vietnam, where it produces 50 per cent of its footwear and 28 per cent of its apparel. Higher tariffs could raise costs or force price hikes amid declining sales. Other brands like Adidas and Lululemon are also at risk. Vietnam is negotiating to minimize tariff impacts while maintaining trade ties with the U.S...
- AC makers expect clicks to be quick in harsh summer 03 April 2025, retail.economictimes.indiatimes.com Air conditioner and air cooler brands such as Daikin, Godrej, LG, and Lloyd are optimistic that the forecasted intense summer will boost sales in India's quick commerce market. Companies are collaborating with quick commerce platforms to retail their products, expecting higher sales of plug-and-play items like ACs and coolers this season...
- Reliance Retail's Tira introduces Concierge by Tira to offer luxury beauty experience to its customers 03 April 2025, retail.economictimes.indiatimes.com Tira, the beauty vertical of Reliance Retail Limited, has introduced Concierge by Tira-- an exclusive service crafted to enhance the luxury beauty experience for its most esteemed customers...
- Alcatel restarts mobile phone sales in India 03 April 2025, brandequity.economictimes.indiatimes.com The company will be making these smartphones locally in India along with establishing a pan-India service network to ensure after-sales support...
- Trump's 27% tariff on Indian exports: Who gains and who takes the hit? 03 April 2025, business-standard.com US President Donald Trump on Thursday morning (IST) announced sweeping reciprocal tariffs, with a 27 per cent levy on all goods imported from India. While the decision is expected to disrupt several key Indian industries, some sectors might find unexpected advantages amid the shifting trade landscape...
- Zomato lays off 600 customer support employees without notice and citing these reasons 02 April 2025, retail.economictimes.indiatimes.com Zomato has laid off 600 customer support associates while automating its customer service with AI platform 'Nugget'. The layoffs, affecting employees hired under the ZAAP program, were attributed to reasons such as poor performance and punctuality. ..
- Luxury fashion giants like Louis Vuitton, L'Oreal Luxe bet big on India's beauty boom 02 April 2025, retail.economictimes.indiatimes.com Chanel and other luxury brands are expanding their beauty segments in India, managing their retail spaces independently to better align with consumer preferences. Chanel has opened multiple new beauty and fragrance stores, launched an e-commerce platform, and brands like L'Oreal Luxe are opening exclusive brand outlets, signaling significant demand growth in this sector...
- Sangeetha Gadgets to cross 1,000 stores in FY26 02 April 2025, indiaretailing.com Bengaluru-headquartered homegrown mobile and smart gadget retail chain Sangeetha Gadgets announced that it will cross the 1,1,000-storeark in 2025-26 from the existing 800 across the country...
- Dolby Cinema comes to India this year 02 April 2025, indiaretailing.com US-based tech firm Dolby Laboratories will launch its Dolby Cinema in India this year, bringing enhanced cinema going experience for the audiences here. It has announced the names of first six exhibitors that will open Dolby Cinema screens in India. These are — City Pride in Pune, Allu Cineplex in Hyderabad, LA Cinema in Trichy, AMB Cinemas in Bengaluru, EVM Cinemas in Kochi, and G Cineplex in Ulikkal...
- ED attaches shops in TDI Mall over environment pollution-linked PMLA case 01 April 2025, realty.economictimes.indiatimes.com Eight commercial spaces or shops in TDI Mall at GT Road, Kundli (Sonipat), have been provisionally attached under the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate (ED) said in a statement...
- Firm that backed SpaceX & Adani buys Haldiram’s stake for Rs 5,600 cr 01 April 2025, retail.economictimes.indiatimes.com Alpha Wave, a UAE-based fund, has acquired a 6% stake in Haldiram's for Rs 5,600 crore. This deal follows a 9% stake sale to Singapore's Temasek. Haldiram's, now considering an IPO, merged its Nagpur and Delhi businesses and seeks extended investment for further expansion and entry into the capital market...
- Stop the steal: Indian music labels step up action against unlicensed song use by brands and influencers 01 April 2025, livemint.com Music labels in India are stepping up their crackdown on the unlicensed use of songs they own, especially by brands and influencers on social media and in advertisements...
- Regional brands to drive $1 trillion+ retail market by 2030: Report 01 April 2025, financialexpress.com India’s retail sector is on a massive growth trajectory, with the market expected to exceed $1.6 trillion by 2030, according to a recent report by Redseer Strategy Consultants. Despite this booming expansion, the sector remains highly fragmented, with regional and unbranded players set to control over 70% of the market...
- No liquor to be sold in Madhya Pradesh's religious cities starting today 01 April 2025, business-standard.com A ban on liquor in 19 religious cities and areas under select gram panchayats in Madhya Pradesh, including Ujjain, Omkareshwar, Maheshwar and Maihar, came into effect on Tuesday. Chief Minister Mohan Yadav described it as a "historic step towards de-addiction"...
- Bounceback: FMCG demand rises in urban markets during March quarter 01 April 2025, retail.economictimes.indiatimes.com Demand for daily groceries and personal-care items has rebounded, driven by increased stocking of summer-focused products, particularly in urban areas. Retail inflation easing may support stabilized demand, though FMCG companies might face selective price increases due to rising agricultural commodity costs, impacting volumes and margins...
- H&M Group's COS to open its first store in Nexus Select CITYWALK in October 2025 01 April 2025, retail.economictimes.indiatimes.com H&M Group's premium fashion brand COS is set to open its first Indian store at Nexus Select CITYWALK in October 2025. This move is part of a broader strategy to expand COS’s presence in metro cities. Nexus Select CITYWALK will also debut Gucci Beauty and Guerlain stores by FY 26...
- Restaurants can’t enforce service charge: Delhi HC 29 March 2025, retail.economictimes.indiatimes.com The court said “service charge is being arbitrarily collected and coercively enforced” while dismissing a batch of petitions filed by two restaurant associations challenging the Central Consumer Protection Authority’s guidelines...
- India ice cream market expected to touch Rs 45,000 cr in next 3 years: IICMA 29 March 2025, retail.economictimes.indiatimes.com The Indian ice cream market has surged four-fold in the past decade and is projected to achieve Rs 45,000 crore within three years. Factors such as rising disposable incomes, stability in ingredient prices, and government incentives have driven this growth. Consumers' preference for premium and health-oriented flavors is also contributing to the expanding market...
- India ice cream market expected to touch Rs 45,000 cr in next 3 years: IICMA 29 March 2025, retail.economictimes.indiatimes.com The Indian ice cream market has surged four-fold in the past decade and is projected to achieve Rs 45,000 crore within three years. Factors such as rising disposable incomes, stability in ingredient prices, and government incentives have driven this growth. Consumers' preference for premium and health-oriented flavors is also contributing to the expanding market...
- Nexus Select Malls launches NexusONE app for Select Citywalk 29 March 2025, retail.economictimes.indiatimes.com Following the launch, the app which is one of the first in the offline retail segment in the country, has reached half a million unique users...
- Regional brands to drive $1 trillion+ retail market by 2030: Report 29 March 2025, financialexpress.com India’s retail sector is on a massive growth trajectory, with the market expected to exceed $1.6 trillion by 2030, according to a recent report by Redseer Strategy Consultants. Despite this booming expansion, the sector remains highly fragmented, with regional and unbranded players set to control over 70% of the market...
- India's industrial and logistics sector set for strong growth in 2025 due to high demand from e-commerce: CBRE 29 March 2025, retail.economictimes.indiatimes.com India's industrial and logistics (I&L) sector is expected to witness strong growth in 2025, driven by increasing demand for warehousing, particularly from e-commerce companies, according to a report by CBRE...
- Muda plans to build five-star hotel under PPP in west Mysuru 29 March 2025, realty.economictimes.indiatimes.com Besides, the urban body has reserved Rs 7.7 crore to prepare DPAR for 105km six-lane peripheral road of 45m width. The commissioner said the peripheral road is a requirement given the growing vehicle population which is currently eight lakh...
- Next signals end of retail’s shift to online, plans store expansion 29 March 2025, brandequity.economictimes.indiatimes.com Next CEO Simon Wolfson announced the fashion retailer's plan to expand its physical stores for the first time in five years, indicating renewed faith in brick-and-mortar outlets. The company aims to grow its UK retail space by 0.4 per cent by January 2026 with new openings, relocations, and conversions while projecting an increase in online sales...
- Multiplexes make swift move to 'Taylor' Kohli, Dhoni as big screen heroes amid IPL craze 29 March 2025, brandequity.economictimes.indiatimes.com PVR Inox will screen live IPL matches every weekend in 30+ cities starting March 29. CEO Gautam Dutta emphasizes diverse content offerings like live sports and concerts to enhance cinema experiences. The IPL has become a multi-billion-dollar festival, generating significant revenue and employment in India, with top teams witnessing substantial financial gains...
- AI-lluminating the future: How artificial intelligence is changing advertising in India 29 March 2025, brandequity.economictimes.indiatimes.com The Advertising Standards Council of India (ASCI) released a report highlighting AI's transformative impact on India's advertising industry. The study, backed by major firms, explores AI's potential in enhancing efficiency, personalisation, and innovation. While AI adoption varies by sector, the report emphasises the need for responsible and ethical integration, focusing on transparency and maintaining consumer trust...
- From Business2Boring to Business2Brilliant 28 March 2025, brandequity.economictimes.indiatimes.com Millennials and Gen Z are redefining B2B transactions, seeking brand connections that resonate personally. A strong digital presence, from concise SEO-optimized websites to engaging social media content, is essential to attract this key audience. Neglecting digital presence risks credibility and competitiveness. The Human Factor is critical as emotions drive B2B decisions. ..
- BIS intensifies crackdown on e-commerce firms like Amazon and Flipkart 28 March 2025, retail.economictimes.indiatimes.com The Delhi Branch of the National Standards Body of India, Bureau of Indian Standards (BIS) have seized over 3,500 products, both without an ISI mark and marked with fake ISI labels, from warehouses of Amazon Sellers located in Mohan Cooperative Industrial Area Delhi...
- Dine-in showing recovery: Jubilant FoodWorks MD 28 March 2025, financialexpress.com Jubilant FoodWorks MD Sameer Khetarpal sees recovery in dine-in sales, plans 1,000 new Domino's and 150 Popeyes stores. The company aims to expand its tech and delivery capabilities...
- CCI orders probe against TASMAC for ‘abuse of dominance’ 27 March 2025, realty.economictimes.indiatimes.com With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national capital...
- Shoppers Stop unit steps up focus on mid-priced beauty brands 27 March 2025, financialexpress.com Global SS Beauty Brands, a Shoppers Stop unit, shifts focus to mass beauty market, introducing affordable brands like Note Cosmetique and Armaf, aiming for growth in India’s booming $21B beauty sector...
- South Africa's Pepkor to buy Retailability adult clothing businesses 27 March 2025, realty.economictimes.indiatimes.com Pepkor, a South African retailer, announced its acquisition of fashion brands Legit, Swagga, Style, and Boardmans from Retailability for approximately 1.94 billion rand. This move, settled in cash, aims to expand Pepkor's presence in the adult clothing market. These brands contribute 462 stores across Southern Africa to Pepkor's Speciality unit, enhancing its women's fashion offerings...
- Madison Media wins media AOR of Nexus Select Malls 27 March 2025, brandequity.economictimes.indiatimes.com Madison Media has been appointed as the media agency of record for Nexus Select Malls. The agency will handle both traditional and digital media, aiming to enhance visibility, engagement, and footfalls across Nexus's malls. The company stated that this partnership is expected to set new benchmarks in omnichannel retail marketing...
- Situational brand awareness- Learnings from a commercial airline pilot 27 March 2025, brandequity.economictimes.indiatimes.com Brand managers need 'Situational Awareness' similar to pilots. They should constantly scan market conditions, track internal processes, understand their market position, manage human factors, and monitor competitors to make informed decisions and ensure brand success. Following the pilot’s approach can help navigate the complexities of today’s dynamic market and stay competitive...
- LuLu mall project to be revived in Visakhapatnam 27 March 2025, realty.economictimes.indiatimes.com The state govt instructed the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to thoroughly assess the proposal from Lulu Group and obtain the approval of the competent authority for the early implementation of the project...
- Reliance Consumer Products takes its confectionaries to African market 27 March 2025, business-standard.com Reliance Consumer Products (RCPL) has taken its confectionery to the African market and will also expand its carbonated beverage brand, Campa, to Sri Lanka and Nepal, according to a source in the know...
- D2C brands struggle for prime mall spaces as leasing norms evolve 27 March 2025, indiaretailing.com Legacy brands and international retailers dominate high-footfall areas, while emerging D2C players struggle to break into the offline retail ecosystem...
- DLF buys 49.99% stake in DLF Urban from GIC arm for Rs 497 crore 26 March 2025, realty.economictimes.indiatimes.com With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national capital...
- The quiet reset in the influencer economy 26 March 2025, brandequity.economictimes.indiatimes.com The influencer economy is undergoing a quiet reset. A once spend-heavy space dominated by marquee names, brands have started to question the “need for large influencers”. Factors such as an oversaturated influencer market, high-profile controversies and changing algorithms, like Instagram’s latest update that favours discoverability of smaller creators, are driving firms towards smaller content creators, while keeping an eye on returns...
- German court bans Lufthansa's alleged 'greenwashing' ads 26 March 2025, brandequity.economictimes.indiatimes.com A German court on Monday banned airline giant Lufthansa from saying in its advertisements that passengers could "compensate" for carbon emissions from flights, finding that the claims were "misleading". But Lufthansa had not demonstrated how this was the case and falsely gave the impression that a payment could make a flight carbon-neutral, the court said, ordering the group to stop making the claim...
- Govt seeks to drop 6% tax on online ads, US giants may gain 26 March 2025, brandequity.economictimes.indiatimes.com India plans to abolish the 6% equalisation levy on online advertisements starting this April. The decision, part of adjustments proposed by FM Nirmala Sitharaman, aims to enhance bilateral ties with the US and streamline tax regulations, benefitting digital platform advertisers...
- Lab-grown diamond startup Firefly raises $3 million from WestBridge Capital, others 26 March 2025, retail.economictimes.indiatimes.com Firefly, a lab-grown diamond startup, operates stores in Mumbai, Pune, Bengaluru, and Hyderabad, and aims to scale up to more than 20 locations over the next two years. With the fresh capital, it plans to expand its retail footprint and increase its digital presence...
- Filling the blanks: Crossword eyeing 300 stores, global expansion as it grows profitably 26 March 2025, retail.economictimes.indiatimes.com Crossword Bookstores is set to expand its presence with a target of 300 stores in 4-5 years. CEO Aakash Gupta aims for a 30% annual growth, targeting Rs 400 crore revenue by FY26. The company plans strategic expansions in malls, office complexes, and airports, while exploring international markets, primarily focusing on books, toys, stationery, and gifts...
- Local adaption key, planning smaller stores to increase physical touch points: IKEA India Country Commercial Manager 26 March 2025, indianexpress.com After launching online delivery in Delhi-NCR and other northern cities—and with two large stores under construction in Gurgaon and Noida—IKEA is now eyeing smaller format stores in the region...
- Godrej Enterprises eyes a cool 50% growth in AC sales for FY26 26 March 2025, afaqs.com It already feels like June, and April has yet to arrive! As temperatures rise earlier than expected, the Appliances Business of Godrej & Boyce, a division of the Godrej Enterprises Group, has introduced its latest smart air conditioners in two new television commercials. ..
- Abhinav Kumar’s Bagline to hit 100 stores in 2 yrs, bring Juicy Couture to India 24 March 2025, indiaretailing.com Modern consumers often feel they cannot have enough bags, as social media has ingrained the belief that bags are a critical part of one’s outfit. This is one of the many reasons that the bags and luggage market in India has witnessed substantial growth in recent years. Other reasons include a surge in travel, an influx of major global brands, and an emphasis on both convenience and aesthetics...
- Malls vs. Retailers: From tug-of-war to power partnerships 24 March 2025, brandequity.economictimes.indiatimes.com Industry leaders at ET GIRS 2025 in Mumbai stressed evolving the complex relationship between malls and retailers into a collaborative partnership. Key strategies discussed include boosting transparency and data sharing, adapting revenue models to new consumer behaviors, and integrating loyalty programs. The future of retail lies in omnichannel collaboration and leveraging consumer insights for mutual growth...
- Lamborghini sold out in India until 2027: Demand soars among young ultra-rich buyers 24 March 2025, brandequity.economictimes.indiatimes.com Lamborghini's sales in India are booming, with demand stretching to 2027, fueled by young, wealthy buyers. The luxury car market, led by models like the Huracan, Urus, and Revuelto, is growing rapidly. Mercedes-Maybach also sees strong demand, predicting significant growth. Both brands aim to expand their presence, with new dealerships and customer experience centers...
- Nike's comeback plans threatened by tariffs, overstocked shelves 24 March 2025, retail.economictimes.indiatimes.com Nike is facing challenges in its turnaround effort as it deals with old inventory, the impact of a trade war, and declining consumer spending. The company is striving for growth by refocusing on sports, improving retail relationships, and adjusting marketing strategies...
- Korean craze goes mainstream: QSR chains spice up menus with Korean-inspired snacks 24 March 2025, retail.economictimes.indiatimes.com Major American quick service chains like McDonald's, KFC, and Domino's are incorporating Korean cuisine into their menus, aiming to revitalize sales. Companies highlight the growing popularity of Korean foods and culture as a strategic move to attract more customers, introducing new Korean-inspired dishes and beverages...
- Parnika India to expand its operations to Southern and Eastern India 24 March 2025, retail.economictimes.indiatimes.com Parnika India is set to expand its operations to southern and eastern India and diversify its product lines to include uniforms and men's wear. The company aims to achieve Rs 160 crore in revenue by FY 25-26 and emphasizes empowering women, with a goal of at least 50% female staff...
- Amazon, Flipkart found to have violated Indian quality control rules during warehouse raids 24 March 2025, retail.economictimes.indiatimes.com At the Amazon warehouse, 3,376 products without the standard mark, including flasks, insulated food containers, toys and ceiling fans were seized, according to the statement, while officials seized diapers, casseroles and stainless steel water bottles from the Flipkart warehouse...
- India's traditional beverage Goli Soda sees strong demand in US, Europe, Gulf 24 March 2025, retail.economictimes.indiatimes.com India's Goli Soda, now rebranded as Goli Pop Soda, is gaining strong global demand in markets like the US, UK, Europe, and the Gulf. Through a partnership with Fair Exports, the product is now available at Lulu Hypermarket. Its innovative packaging and nostalgic appeal have helped it compete with multinational brands, marking a significant milestone in promoting Indian beverages internationally...
- Amazon India to scrap referral fees on 1.2 crore products under Rs 300 24 March 2025, retail.economictimes.indiatimes.com Amazon's move, the largest seller fee reduction till date, will be applicable across more than 135 product categories including apparel, shoes, jewellery, grocery, home décor, beauty, toys, and kitchen products. Currently, referral fees – a commission sellers pay Amazon on each sale – range from 2% to 16% in these categories...
- Amazon, Flipkart found to have violated Indian quality control rules during warehouse raids 21 March 2025, retail.economictimes.indiatimes.com At the Amazon warehouse, 3,376 products without the standard mark, including flasks, insulated food containers, toys and ceiling fans were seized, according to the statement, while officials seized diapers, casseroles and stainless steel water bottles from the Flipkart warehouse...
- Coke, Pepsi roll out no-sugar and light variants at Rs 10 to take on Ambani's Campa 21 March 2025, retail.economictimes.indiatimes.com Coca-Cola and PepsiCo are introducing no-sugar drinks in smaller packs priced at ₹10 to counter Reliance Consumer's Campa. With brands like Thums Up X Force, Coke Zero, Sprite Zero, and Pepsi No-Sugar, they aim to leverage the growing demand for healthier beverage options. This move targets rapid market expansion, especially in key regions like Andhra Pradesh...
- Malabar Gold & Diamonds invests Rs 600 crore to open 12 new showrooms across India by March-end 21 March 2025, retail.economictimes.indiatimes.com Malabar Gold & Diamonds invested Rs 600 crore to open 12 new showrooms by month's end, bringing their total to 391 across 13 countries and 19 Indian states. The expansion will create 400 jobs. By FY25, the total will be 42 new showrooms. They plan to open 60 more globally in 2025, with five new showrooms in April...
- Indian beauty industry poised for exponential growth, say experts at ETRetail GIRS 2025 21 March 2025, retail.economictimes.indiatimes.com India's beauty industry is rapidly evolving, driven by rising disposable incomes, digital influence, and global brand presence. Key trends include heightened demand for premium skincare, sustainability efforts, and AI-driven personalization. Retail expansion into tier III and IV cities highlights a significant growth opportunity...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding struggles 21 March 2025, retail.economictimes.indiatimes.com Overvalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original price, raising doubts about the sustainability of the roll-up model. This has triggered a wave of legal disputes and financial restructuring in the industry...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding struggles 21 March 2025, brandequity.economictimes.indiatimes.com 10Club is nearing closure due to the failure of its roll-up ecommerce model. Many roll-up firms overpaid for brands, anticipating quick growth, which did not happen. High debt and financial pressures have cast doubt on the model's viability. While some firms like Mensa and GlobalBees are surviving, the road to recovery will be long...
- Retail boom: Mall space demand outstrips supply for 3rd consecutive year in India 21 March 2025, brandequity.economictimes.indiatimes.com The Indian retail sector is booming, with leasing demand for mall space outstripping supply for the third year in a row. Retailers are expanding rapidly, leading to a decrease in vacancy rates to 7.8 per cent in shopping malls. Rental values have surged due to high competition for prime locations...
- DMart leases 35,000 sq ft at Migsun Mi Gente Mall in Ghaziabad 20 March 2025, realty.economictimes.indiatimes.com Earlier, DMart had purchased 47,000 sq ft of space at Migsun's Rohini Central Sector 22 Rohiini Project for Rs 108 crore...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding struggles 20 March 2025, retail.economictimes.indiatimes.com Overvalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original price, raising doubts about the sustainability of the roll-up model. This has triggered a wave of legal disputes and financial restructuring in the industry...
- New skincare labels catch the fancy of young India, eating into demand for many biggies 20 March 2025, retail.economictimes.indiatimes.com Established beauty brands faced a sales growth slowdown in FY24, while new-age and global labels surged. Consumers preferred brands offering instant benefits, influenced by online platforms like Nykaa and Tira. The beauty market is expected to grow significantly, driven by an online surge and a preference for premium products, despite some temporary challenges...
- FMCG sector expects mild revenue rebound to 6-8% next fiscal: Crisil 20 March 2025, retail.economictimes.indiatimes.com India's FMCG sector is anticipated to see a mild revenue rebound of 6-8% in FY26, driven by improving urban and stable rural demand. Revenue growth of 5-6% is expected in FY25, with operating profitability remaining healthy at 20-21%. Traditional FMCG companies will focus on D2C brand acquisition and digital channels to counter rising competition...
- Brand Concepts Ltd eyes Rs 50 crore revenue from Juicy Couture over next 3 years 20 March 2025, retail.economictimes.indiatimes.com Brand Concepts Limited is investing Rs 20 crore to introduce Juicy Couture handbags in India, targeting Rs 50 crore in retail revenue within three years. The company plans to expand its retail and online presence, initially launching in Lucknow and other metro cities. They aim for Juicy Couture to contribute significantly to their overall revenue by FY 26...
- Fashleisure brand Nobero eyes expansion in India with 25 stores by FY26 20 March 2025, retail.economictimes.indiatimes.com Nobero, a Fashleisure brand under TMRW House of Brands, plans to open 25 exclusive stores across India by FY26. The brand launched its first physical store in Hyderabad to penetrate India's casualwear market. The move is part of TMRW's broader strategy to enhance both online and offline presence, targeting over 125 stores by FY26...
- Mattress maker Slumberzone New Zealand enters into India, to set up first manufacturing unit in Hyderabad 20 March 2025, retail.economictimes.indiatimes.com Slumberzone New Zealand will enter India's $2.5 billion mattress market by setting up its first manufacturing unit in Hyderabad with an investment of Rs100 crore. This unit aims to produce 1000 units daily by March 2026 and hire 200-250 workers. The company targets opening 20 retail stores across India and aims for $100 million in annual revenue within five years...
- Blackstone Group strengthens India strategy with foray into housing property market 19 March 2025, realty.economictimes.indiatimes.com Blackstone Group is entering India’s housing market after dominating the commercial property space. Their Rs 1,800 crore commitment involves acquiring a 66% stake in Kolte Patil Developers, focusing on mid-income and premium segments in key cities like Pune, Mumbai, and Bengaluru, leveraging Kolte Patil’s expertise...
- House of Abhinandan Lodha to buy land in 13 new cities 19 March 2025, realty.economictimes.indiatimes.com The House of Abhinandan Lodha currently has presence in Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh...
- QSR brands riding on qcomm wave with customised offerings 19 March 2025, retail.economictimes.indiatimes.com QSR brands like Wow Momo, Chaayos, and Blue Tokai are launching customised products on quick commerce platforms such as Blinkit, Zepto, and Swiggy Instamart to capture growing demand. Quick commerce is becoming a major sales channel, with companies seeing rapid growth. India’s quick commerce market is projected to reach $75 billion by 2032...
- Govt exempts critical AC and refrigerator components from BIS certification to prevent shortage during summer 19 March 2025, retail.economictimes.indiatimes.com To prevent a potential shortage during a brutal summer, the Indian government has exempted certain AC and refrigerator components from mandatory BIS certification. This move targets grooved copper tubes and AC compressors over 2 tonnes, with DPIIT considering similar exemptions for other compressors. Industry bodies have pushed for these waivers due to insufficient domestic capacity...
- Myntra Home sees 60% YoY rise in demand; becomes one of the fastest-growing categories on the platform 19 March 2025, retail.economictimes.indiatimes.com Myntra's Home category is witnessing rapid growth with a 60% year-on-year rise in demand. The collaboration with Masaba and the introduction of GenAI powered 'Dream Home Inspiration' are driving its premium positioning and trend-driven curation. The dedicated home storefront now boasts over 5 lakh selections from 1700+ brands, catering to a massive increase in consumer interest...
- Amazon Fashion’s next gen store sees 3x growth in gen Z shoppers, surge from Tier-2 cities 19 March 2025, retail.economictimes.indiatimes.com Amazon Fashion’s Next Gen Store, launched in 2023, has significantly increased Gen Z shoppers and purchases from tier-two cities in India. With over 340 brands and 2 million products, the store is expanding access to trendy apparel and blending global influences with local sensibilities, especially in non-metropolitan areas...
- Apple may replace iPhone Plus and Pro Max with Ultra and Air. 19 March 2025, brandequity.economictimes.indiatimes.com Apple plans a significant rebranding of its iPhone lineup in 2025, introducing the iPhone 16e as the new entry model. The iPhone 17 series will include the iPhone 17 Air and iPhone 17 Ultra, replacing the Plus and Pro Max variants. The Ultra will feature high-end upgrades, while the Air will offer a slimmer design...
- Louis Vuitton gears up to launch beauty brand La Beaute 19 March 2025, brandequity.economictimes.indiatimes.com Louis Vuitton is launching its beauty line, La Beauté Louis Vuitton, this fall. Pat McGrath, a renowned makeup artist, is appointed as the Creative Director of Cosmetics. Leveraging its fragrance line and heritage in travel accessories, Louis Vuitton aims to offer luxury beauty products, potentially including makeup cases and refillable lipsticks...
- Quick Commerce accounts now for 70-75 pc of total e-grocery orders, up from 35 pc in 2022: Report 13 March 2025, retail.economictimes.indiatimes.com Quick commerce has revolutionized the online grocery market, making up 70-75 per cent of total e-grocery orders, a significant rise from 35 per cent in 2022. The growth has been fueled by strong execution, increased incomes, diverse product ranges, and heightened convenience demand. Major companies have entered the competitive sector, driving further innovation and expansion...
- Wow! Momo invests Rs 35 cr to open new manufacturing unit in Maharashtra, eyes FMCG to become Rs 100 cr biz in 24-30 months 13 March 2025, retail.economictimes.indiatimes.com Wow! Momo is investing Rs 35 crore in a new manufacturing unit in Maharashtra to produce momos and kulfi, aiming for economies of scale and reduced logistics costs. The company is also expanding its FMCG segment with a new instant noodles range. Despite current losses, Wow! Momo plans for significant revenue growth and improved EBITDA in the coming years...
- The death of Kotlers 4Ps 13 March 2025, brandequity.economictimes.indiatimes.com The 4Ps of marketing, coined by Philip Kotler—Product, Price, Place, Promotion—are evolving. In today’s AI-driven world, businesses need to focus on Platforms, Phygital experiences, Personalized pricing, and Promotion through personalized engagement. This shift is crucial for companies to stay relevant, capture customer behavior data, and build deeply personalized experiences at scale...
- Music artists gaining ground in brand endorsements, challenging film stars and cricketers 13 March 2025, brandequity.economictimes.indiatimes.com Music artists are emerging as significant players in brand endorsements, historically dominated by film stars and cricketers. Leading artists like AR Rahman, Diljit Dosanjh, and Badshah are securing lucrative deals, reflecting the growing appeal of musicians among brands targeting younger audiences...
- Rajasthan's high gravity brewing policy could solve Beer supply shortages ahead of peak season 12 March 2025, retail.economictimes.indiatimes.com Rajasthan will introduce high gravity brewing (HGB) in the next fiscal, potentially increasing beer production by 20%. This new method addresses the chronic supply-demand gap during India's peak beer season. Major brewers like United Breweries and Carlsberg are set to benefit, though other states must adopt HGB for widespread impact...
- FSSAI directs States to step up food safety checks on dairy analogues 12 March 2025, retail.economictimes.indiatimes.com FSSAI has directed all States and Union Territories to intensify surveillance on Dairy Analogues during March due to the festive season. Dairy Analogues are products resembling milk but containing non-milk constituents. This move aims to prevent food adulteration and mislabelling during high demand periods, ensuring compliance with food safety regulations and protecting consumers...
- Wow! Momo enters instant noodles market with cup noodles, eyes Rs 100 cr revenue in 2 yrs 12 March 2025, retail.economictimes.indiatimes.com Wow! Momo, a leading homegrown QSR chain, has launched Wow! Noodles, entering the instant noodles market with a variety of Asian and Indian flavors. The company aims to generate Rs 100 crore revenue from the new product in 24 months, expanding its presence in traditional and online retail channels...
- Cask and you shall receive 12 March 2025, brandequity.economictimes.indiatimes.com Customisation and personalisation are the newest players in whisky town. Aficionados collect private casks, barrels filled with liquid gold that have been distilled exclusively for them, finds Sagar Malviya. Choosing different types of casks, like ex-bourbon barrels or sherry wood, offers connoisseurs the assurance that they are selecting something aligned closely with their personal taste preferences. Some buyers go a step further, sealing their barrels themselves and returning years later to sample how time has transformed their choice...
- This is the money Hindustan Unilever is chasing in India 12 March 2025, brandequity.economictimes.indiatimes.com Hindustan Unilever remains optimistic about India's market potential despite recent consumption decline. Unilever's CEO highlights the significant reason of growth among affluent and emerging consumer classes. India's expanding middle class and increasing discretionary spending present lucrative opportunities for global consumer businesses like Unilever, making it an indispensable market for future growth...
- Wits, prices and margins: India's cola war is getting hot 12 March 2025, retail.economictimes.indiatimes.com Coca-Cola and PepsiCo are striving to maintain their market positions while expanding their reach in India as Reliance revives Campa Cola with aggressive pricing. The re-ignited cola wars include strategic distribution expansions and competitive advertising campaigns, poised for significant industry growth...
- Supreme Court stays Bombay High Court order, allows Pune eatery to use 'Burger King' trademark 12 March 2025, brandequity.economictimes.indiatimes.com The Supreme Court has stayed a Bombay High Court order that restrained a Pune eatery from using the trademark 'Burger King' until the infringement plea by the US company was resolved. The Pune court had dismissed Burger King Corporation's suit, noting the local eatery operated since 1992, before the US chain entered India...
- Omaxe to invest Rs 600 crore in Faridabad’s retail project 12 March 2025, realty.economictimes.indiatimes.com The development is part of Omaxe World Street, 27 acre of which is already operational and has over 250 brands...
- From food to flight: Zomato's Deepinder Goyal bets $20M on aviation startup 12 March 2025, business-standard.com Chief executive of Zomato, Deepinder Goyal has invested $20 million in LAT Aerospace, a new startup co-founded by Surobhi Das, former Chief Operating Officer (COO) at Zomato, along with Goyal. Das will be leading the operations of the company while Goyal will be serving in a non-executive role, reported The Economic Times, citing the sources aware of the development...
- Influencer’s tragic death pushes government to impose new law to control social media uses 12 March 2025, livemint.com Efecan Kultur, a 24-year-old Turkish TikTok personality known for his Mukbang videos, has passed away due to complications from obesity. Kultur, who had been receiving treatment in a hospital, was unable to move without assistance as his health declined...
- Marks & Spencer opens new store in Faridabad 12 March 2025, indiaretailing.com Marks & Spencer (M&S) India has further strengthened its retail footprint with the opening of a new store in Faridabad, marking a strong close to FY 2024-25. The store, which opened its doors yesterday, saw an overwhelming response from eager customers who lined up in anticipation to explore the latest offerings from the British retailer, a social media post said...
- Karnataka HC stays order against PVR Cinemas over excessive ads: Reports 12 March 2025, afaqs.com As per a report by The Hindu, the Karnataka High Court has stayed an order directing PVR Cinemas to compensate a Bengaluru man for delaying a movie screening with excessive ads. The man, Abhishek MR, had filed a case against PVR and INOX (now merged with PVR) for the delayed screening of the film Sam Bahadur on December 26, 2023...
- Micro-Influencers: The unsung heroes driving authenticity in the age of digital marketing 11 March 2025, brandequity.economictimes.indiatimes.com Micro-influencers, with 1,000 to 100,000 followers, drive trust and authenticity in the influencer economy. Unlike celebrities, their niche-specific content yields higher engagement and real connections with audiences. Brands should prioritise these influencers for more effective marketing, focusing on meaningful engagement rather than follower counts. The micro-influencer era represents a shift towards authenticity and consumer trust...
- Near me or nowhere: Hyperlocal focus for higher ROI 11 March 2025, brandequity.economictimes.indiatimes.com Businesses must focus on hyperlocal search optimization as 'near me' searches transform consumer behavior. Multi-location brands face unique challenges but can boost visibility and ROI through personalized, localized strategies, including optimizing Google Business Profiles, leveraging Facebook Location Pages, and using virtual phone numbers for tracking. Effective hyperlocal marketing ensures businesses are found and chosen by local customers...
- Recode Studios opens new store in Guwahati 11 March 2025, indiaretailing.com Beauty and skincare brand Recode Studios has opened newest store in Guwahati. Located at Sarojini Complex, GS Road, opposite Aayakar Bhawan, Christian Basti, PIN 781006, this latest addition brings Recode Studios’ extensive range of high-quality beauty products closer to customers in Assam and the Northeast region, a release by the company said on Monday...
- Govt may restore merchant charges on UPI, RuPay transactions for big firms 11 March 2025, business-standard.com The government is evaluating a proposal to bring back merchant charges on transactions conducted through Unified Payments Interface (UPI) and RuPay debit cards, according to a report by The Economic Times...
- Wits, prices and margins: India's cola war is getting hot 11 March 2025, retail.economictimes.indiatimes.com Coca-Cola and PepsiCo are striving to maintain their market positions while expanding their reach in India as Reliance revives Campa Cola with aggressive pricing. The re-ignited cola wars include strategic distribution expansions and competitive advertising campaigns, poised for significant industry growth...
- Meta launches limited edition Ray-Ban x Coperni glasses at Paris Fashion Week. Features, price and other details 11 March 2025, livemint.com Silicon Valley tech giant Meta has launched its limited edition Ray-Ban x Coperni glasses at the Paris Fashion Week, the company said in a statement on its blog on March 10...
- Economic impact of Holi festival on trade: Business expected to surpass Rs 60,000 crore this year 11 March 2025, retail.economictimes.indiatimes.com Traders and customers have boycotted Chinese goods during Holi sales, choosing Indian-made products instead. This shift has led to a 20 per cent increase in Holi-related business, with an estimated Rs 60,000 crore in sales. In Delhi, venues for Holi events are fully booked, and markets are bustling with festive items...
- Chhaava Worldwide Box Office Collection Day 24: Vicky Kaushal film races past Gadar 2 record, heads to Rs 700 crore mark 11 March 2025, indianexpress.com Chhaava Box Office Collection Day 24: 2025’s only blockbuster, Chhaava, has been successfully running at the box office even in its fourth week...
- Stock market woes hit retail sales across sectors 07 March 2025, retail.economictimes.indiatimes.com Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery...
- Candere founder Rupesh Jain to launch lab-grown diamond jewellery brand 07 March 2025, retail.economictimes.indiatimes.com Comparing the prices of LGDs with natural diamonds, Jain explained, “A natural diamond priced at Rs 100, an equivalent LGD costs just Rs 20-25, making high-quality solitaires accessible to a much larger consumer base.”..
- Blackstone to buy South City Mall in Kolkata for Rs 3480 crore 07 March 2025, financialexpress.com In the largest deal in mall space, global investor Blackstone Group is set to acquire South City Mall in Kolkata for Rs 3,480 crore ($400 million), said people familiar with the matter. Apart from the mall, the deal also includes the purchase of a school property in Sri Lanka, the people said...
- Nestle launches first Nespresso boutique in Delhi 07 March 2025, financialexpress.com Nespresso and Nestle India have entered into a distribution arrangement with Thakral Innovations. It will be the official distribution partner and will cover the full range of Nespresso coffee products across B2B channels...
- “Hope” is more valuable to marketers than truth 07 March 2025, brandequity.economictimes.indiatimes.com Hope is a powerful tool leveraged by brands and political entities alike. Companies like Apple, Tesla, and Patanjali use it to create aspirational narratives that drive market demand and customer loyalty. This strategy transforms products into symbols of a better future, making hope the key ingredient in successful marketing and brand domination...
- ’90s menswear brand Double Bull re-launches in the Indian retail market 07 March 2025, indiaretailing.com Embarking on its 50th year in fashion, men’s fashion brand Double Bull, that introduced bold, vibrant party wear in the 90s, announced its re-entry into the Indian retail industry with a robust growth plan. ..
- D2C fashion brand Bewakoof opens 4th store in Bengaluru 07 March 2025, indiaretailing.com Direct-to-consumer (D2C) fashion and lifestyle brand Bewakoof has launched its fourth store in Bengaluru, at Koramangala, the company wrote on social media...
- Mohit Gupta’s multi-brand lifestyle platform Coyu to be the Zomato of fashion 06 March 2025, indiaretailing.com Coyu is a fresh entrant among zillion fashion retail platforms in India, carving out a niche space, targeting the mid-premium category...
- Reliance, DMart and other top retailers go easy on store launches as slowdown hurts 06 March 2025, retail.economictimes.indiatimes.com India experienced a significant slowdown in new store openings in 2024, with only an average of three new stores added daily compared to ten in 2023. Top retailers faced tepid demand in discretionary categories, leading to cost cuts and slow expansions, but they are now gearing up for the next phase of growth...
- Blackstone may acquire South City Mall in Kolkata for up to $400 million 06 March 2025, realty.economictimes.indiatimes.com The shopping mall is owned by South City Projects (Kolkata) Ltd., a joint venture of several real estate developers based in the city, and is the largest in eastern India, according to its website...
- Burger Singh expands to Bengaluru, strengthens national presence 06 March 2025, brandequity.economictimes.indiatimes.com Burger Singh has opened its first Bengaluru outlet in HSR Layout, with a second outlet in BTM Layout on the way. Known for Indian-inspired burgers, the brand aims for significant growth in Bangalore. With a successful franchise model, Burger Singh is creating economic opportunities for local entrepreneurs and plans to establish 100 outlets in the region...
- Indians lead global list for temporary alcohol abstinence: Report 06 March 2025, brandequity.economictimes.indiatimes.com Indians lead globally in temporarily abstaining from alcohol, with 71 per cent pausing consumption. This moderation, driven by health awareness and intermittent fasting trends, especially among younger drinkers, is notable but does not impact overall market growth. Despite temporary pauses, the Indian alcohol market remains robust, with cultural practices and new legal drinkers maintaining demand...
- How Simpl gave B2B marketing a B'wood makeover at 10% of ad agency costs 05 March 2025, afaqs.com A million-dollar brand integrated immediately after watching the campaign, while a major e-commerce player reached out to the founder upon seeing it...
- Now, Sula Vineyards brings Indian wines for passengers aboard IndiGo’s wide-body aircraft 05 March 2025, indianexpress.com The partnership with Sula Vineyards reflects IndiGo’s focus on providing a premium, yet accessible experience for passengers, ensuring that travellers enjoy both comfort and luxury during their flights...
- Tax officers may soon access your social media a/c, emails: What this means 05 March 2025, business-standard.com Starting April 2026, a significant change in India's income tax rules will give tax authorities the power to access a wide range of private digital spaces, including emails, social media accounts, and online financial platforms...
- Homegrown lifestyle brand Suta opens 14th store in Mumbai 05 March 2025, indiaretailing.com Mumbai-based lifestyle brand Suta has launched its 14th retail store in Mumbai, located on Waterfield Road, Bandra, the company said in a press release...
- Mohit Gupta’s multi-brand lifestyle platform Coyu to be the Zomato of fashion 05 March 2025, indiaretailing.com Coyu is a fresh entrant among zillion fashion retail platforms in India, carving out a niche space, targeting the mid-premium category...
- The Bear House opens 1st standalone store in Bengaluru 05 March 2025, indiaretailing.com Men’s apparel brand The Bear House has launched its first standalone store in Bangalore at Bhartiya City Mall. Following the success of its first offline store-in-store (SIS) concept in Delhi, this marks a significant milestone in the brand’s ambitious retail expansion strategy for 2025, the company said in a release on Tuesday...
- Retail leasing remains strong in 2024, robust supply pipeline expected in 2025: CBRE 05 March 2025, indiaretailing.com Real estate consulting firm CBRE South Asia Pvt. Ltd has released its latest report, India Retail Figures H2 2024, highlighting key trends and insights into the country’s retail real estate sector...
- Retail Tracker 2024: 750+ stores opened, Rs 12,000 cr raised 05 March 2025, indiaretailing.com The Indian retail sector in 2024 saw the opening of over 750 new stores and a total of Rs 12,000 crore raised, as per the data compiled by IndiaRetailing Insights...
- Smartphone maker Honor bets on AI-powered 'intelligent phone' 04 March 2025, brandequity.economictimes.indiatimes.com Honor said partnerships it announced Sunday with both Google Cloud and smartphone chipmaker Qualcomm would boost its AI agent efforts...
- India's Retail sector set for explosive growth: BCG-RAI Report 04 March 2025, brandequity.economictimes.indiatimes.com India's retail market is expected to reach INR 190 trillion by 2034, driven by consumption growth. The market will see affluent households triple by 2030. Retailers need to cater to diverse consumer segments. Changes in household income, women's workforce participation, and consumer behavior will influence retail strategies. Successful retailers will focus on strategic choices and operational agility...
- Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal 04 March 2025, retail.economictimes.indiatimes.com Quick commerce player Blinkit accounts for 2-3% of the industry cash burn but has a 40-45% market share. Its focus is on sustaining growth while ensuring discipline in cash allocation for investment, said the CEO of Blinkit’s parent, Zomato...
- Shoppers turn to smaller food brands, cutting into Unilever, P&G profits 04 March 2025, retail.economictimes.indiatimes.com Shoppers are turning to smaller, more affordable food brands, impacting giants like Unilever. Hellmann's mayonnaise, for example, faces competition from cheaper alternatives such as Duke's and Mike's Amazing mayo. This shift has pressured established brands and prompted leadership changes trying to revitalize growth amidst evolving consumer preferences...
- Protein drinks muscle up to enter mainstream market 03 March 2025, retail.economictimes.indiatimes.com Protein-based foods have expanded from gym-centric products to mainstream consumption, with brands introducing affordable and diverse formats. The market is experiencing rapid growth, driven by increased awareness and investor interest, leading to several high-profile acquisitions and funding in the sector...
- Record wedding season boosts sales across discretionary items in India 03 March 2025, retail.economictimes.indiatimes.com India's wedding season has driven significant sales across sectors, with gold jewellery, ethnic wear, and motorbikes experiencing high demand. Despite rising gold prices, traditional wedding purchases continue robustly, supported by a record number of auspicious days and strong discretionary spending...
- Human-to-human contact is irreplaceable, says Harshavardhan Neotia on reinventing malls for the post-retail era 03 March 2025, retail.economictimes.indiatimes.com Malls are transforming into lifestyle hubs with dining, entertainment, and social experiences central to their role. Harshavardhan Neotia of Ambuja Neotia Group emphasized human connection and the need for multi-dimensional spaces. Integrating sports, gaming, and live events, along with mixed-use developments, malls balance in-store experiences and e-commerce to stay relevant...
- Adani to enter nearly all retail and F&B segments at airports, registers more than a dozen consumer brands. 28 February 2025, retail.economictimes.indiatimes.com The Adani Group plans to significantly boost its non-aeronautical revenue by entering over two dozen retailing categories at its airports. This includes expanding from nearly 50 stores to around 310 next year, with future plans to extend the retail business to highways and malls...
- IKEA sets sight on North India: Online deliveries begin March 1, mega stores to follow 28 February 2025, retail.economictimes.indiatimes.com IKEA has launched online delivery services for Delhi-NCR and 9 other cities in North India, offering its full range of over 7,000 products. They plan to open large stores in Gurugram and Noida by 2026, with a new distribution center already operational in Gurugram to support growth...
- Coca-Cola to bring sports drink BodyArmorLyte to India, expects ThumsUp, Sprite to be $2 bn brands 28 February 2025, retail.economictimes.indiatimes.com Coca-Cola is set to introduce BodyArmorLyte, Honest Tea, and expand its Vitaminwater line in India this summer. The company anticipates ThumsUp and Sprite to potentially become $2 billion brands. Coca-Cola is focusing on scaling operations, enhancing cooling infrastructure, and managing inflation through strategic pricing to drive growth...
- We were different, we need to be different again: Trent MD 28 February 2025, retail.economictimes.indiatimes.com Tata-owned Trent remains unperturbed by growing competition in retail, with no plans to alter its strategy. Trent's MD P Venkatesalu emphasizes focusing on consumer needs amid intense competition, including the re-entry of Shein via Reliance Retail. Despite demand fluctuations, Trent continues its robust expansion with Zudio, aiming for significant market growth in the future...
- Radisson Hotel Group expands in Rajasthan with signing of Jaipur property 28 February 2025, realty.economictimes.indiatimes.com “We are delighted to introduce the Radisson Collection brand to Jaipur, a city steeped in culture and known for its unmatched hospitality. This will be our fourth property in the city, which has always been a leading tourism and MICE destination...
- The legacy challenge: You wait, you lose 27 February 2025, brandequity.economictimes.indiatimes.com Legacy brands are losing ground in the market as new-age brands with better branding and storytelling capture younger consumers. Trust without action becomes nostalgia, not sales. Brands need precision in architecture, a focus on strategy before advertising, and proactive repositioning to remain relevant. Immediate reevaluation is crucial to maintain market relevance...
- Click, share, laugh: Memes becoming the art of new- age marketing 27 February 2025, brandequity.economictimes.indiatimes.com Over the past two decades, marketing has transformed, with brands using memes to connect with tech-savvy, environmentally conscious audiences. Memes boost brand personality, offer cost-effective marketing for startups, and resonate with younger consumers. While effective, meme marketing poses challenges like short trend lifespans and cultural sensitivity. However, its future looks promising in digital advertising...
- Beverage giants mulling legal action against government's PET packaging bottles deadline 27 February 2025, brandequity.economictimes.indiatimes.com Beverage companies might seek legal options against a government order requiring 30% recycled PET bottles by April 1 due to lack of infrastructure. Industry players, including Coca-Cola and PepsiCo, highlight challenges like increased costs and insufficient recycling capacity. Bisleri's CEO suggests starting with a 10-15% mandate due to limited approved recycling plants...
- Godrej Interio eyes office furniture segment to expand Kolkata business 27 February 2025, brandequity.economictimes.indiatimes.com Interio, a Godrej Enterprises furniture brand, is increasing focus on healthcare, educational, and institutional segments to boost business in Kolkata. With B2B revenue at Rs 100 crore in 10 months, the company aims to capture 25% market share in Kolkata and Bengal by expanding office furniture offerings. The demand for ergonomic chairs, hospital beds, and classroom furniture is rising...
- From fashion to cars, Russian markets pose new test for Western brands weighing return 27 February 2025, brandequity.economictimes.indiatimes.com Washington is pushing to swiftly end the conflict in Ukraine, sparking speculation about Western brands returning to Russia. Markets are now more competitive with domestic and Chinese brands. Though Western sanctions complicate cross-border payments, domestic brands have gained market share. Shoppers have adapted to local options. Western companies currently have no immediate plans to return...
- Global brands bare their soles to India's BIS 27 February 2025, retail.economictimes.indiatimes.com Global brands like Nike, Tommy Hilfiger, and Superdry may soon resume importing premium footwear to India as the government has initiated certification of overseas factories after 18 months. The move follows pressure from US President Trump and the fallout from India's newly introduced quality control orders...
- Retail sales in India see 5% growth in January 2025, says RAI 27 February 2025, retail.economictimes.indiatimes.com Retailers in India saw an overall 5% growth in January 2025 compared to the previous year, with food & grocery segments leading at 13%. The Union Budget 2025’s income tax exemption and increased consumer spending in QSR and CDIT categories contributed to this positive shift in the retail market...
- Titan eyes up to 20% growth in jewellery business in fiscal 2026, gold rally threatens margin 26 February 2025, retail.economictimes.indiatimes.com Titan expects its jewellery business to grow by up to 20 per cent in the upcoming financial year, driven by demand from affluent Indians. However, rising gold prices may impact profit margins, which are currently forecasted at 11 per cent to 11.5 per cent...
- India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says 26 February 2025, retail.economictimes.indiatimes.com India's quick-commerce sector, which grew substantially to a $7.1 billion market, faces challenges such as limited expansion beyond major cities and stiff competition from larger e-commerce players. Additionally, the segment may soon witness a tapering growth in monthly transacting users and potential regulatory scrutiny...
- ET M&E Summit 2025: Romancing the grand old billboards 24 February 2025, brandequity.economictimes.indiatimes.com Industry experts at a panel discussion explored the evolving role of out-of-home (OOH) media in India, stressing the need for brands to integrate traditional billboards with digital innovations. They highlighted how infrastructure growth and cost reductions could boost digital OOH adoption, with sectors like food, BFSI and entertainment leading the way...
- FMCG Inc readies quick fix for urban distributors 24 February 2025, brandequity.economictimes.indiatimes.com Companies like Godrej Consumer, Emami, and Adani Wilmar are reducing the number of urban distributors to make them more viable, offering higher credit and expanding business scopes. This is to adapt to the growing shift of consumers from traditional kirana stores to quick comm and modern trade. To be sure, overall general trade is still growing nationally but driven only by the smaller and rural markets where quick commerce is yet to penetrate...
- The Economic Times Great India Retail Awards 2025 honors visionary leaders and retail excellence 24 February 2025, retail.economictimes.indiatimes.com The Economic Times Great India Retail Awards 2025 celebrated retail leaders and trailblazers for their contributions to customer engagement, marketing, sustainability, and digital transformation. Samir K. Modi, Noel Naval Tata, and Tarun Joshi received top honors, while Bhaskar Bhat was recognized with the Lifetime Achievement Award...
- Reliance Consumer opens new beverages bottling plant in Guwahati 24 February 2025, thehindubusinessline.com Guwahati plant to manufacture Reliance Consumer’s beverage portfolio, including Campa Cola, Campa Orange, Campa Lemon, Power Up, and packaged drinking water under the Independence and Sure Water brands Reliance Consumer Products has opened a new Campa and beverages bottling plant in Guwahati with local partner Jericho, the company said in a release....
- Rural market at inflection point offers headroom, long-term potential for growth: Marico MD & CEO 24 February 2025, retail.economictimes.indiatimes.com The rural market presents significant growth opportunities for FMCG companies as rising disposable incomes drive demand for branded products. Marico's CEO, Saugata Gupta, emphasizes the importance of consistent investment in rural distribution and affordability through price point packs to leverage this potential...
- ETGIRS 2025 Day 2 ends with power-packed insights, industry innovation and pitch sessions 22 February 2025, retail.economictimes.indiatimes.com Day 2 of the Economic Times Great India Retail Summit 2025 delved into premiumization, AI, omnichannel strategies, and hyperlocal fulfillment. Noteworthy discussions included the financial sustainability of omnichannel models, AI-powered sales solutions, and celebrity insights shaping the industry. The event concluded with the Great India Retail Awards Gala Night...
- India's quick commerce to grow 75-100% YoY, will outpace traditional retail: Bernstein Report 22 February 2025, retail.economictimes.indiatimes.com Quick commerce in India is set to grow at a staggering 75-100% year-on-year in India, outpacing traditional retail. By 2025, it is expected to capture a substantial share of the USD 250 billion grocery market in the top 40-50 cities, bolstered by consumer demand and leading FMCG companies...
- India's electronics exports top Rs 2.5 lakh crore, thanks to smartphones 22 February 2025, retail.economictimes.indiatimes.com India's electronics exports have significantly expanded, becoming the third-largest contributor to the country’s exports. Production-linked incentives have driven this growth, with smartphone exports by Apple playing a key role. However, challenges such as reciprocal tariffs by the US government remain a concern...
- To be influenced or not to be? 22 February 2025, brandequity.economictimes.indiatimes.com Influencers significantly impact modern marketing with the industry projected to reach $32.55 billion by 2025. However, ethical concerns like undisclosed sponsorships and fake followers prevail. India’s ASCI has introduced guidelines for transparency, yet enforcement lags. Accountability lies with influencers, brands, platforms, and regulatory bodies to ensure authentic and honest promotions...
- AI agents and human agents: Finding the perfect balance in customer experience 22 February 2025, brandequity.economictimes.indiatimes.com Modern customer service blends technology and human expertise. Digital tools handle routine tasks efficiently, while human representatives address complex issues with empathy. Companies integrating AI and human touch see enhanced customer satisfaction and loyalty. The balance of efficient AI support and genuine human care is crucial for exceptional, personalized service experiences...
- Nexus Select Trust acquires MBD Neopolis in Ludhiana for Rs 4,900 million 22 February 2025, realty.economictimes.indiatimes.com The mall comprises aggregate leasable area admeasuring approximately 255,666 sq ft and includes the Radisson Blu Hotel MBD situated at Ferozpur Road...
- India's middle class to touch a billion by 2047: study 22 February 2025, brandequity.economictimes.indiatimes.com India's middle class is expected to grow to one billion by 2047, driven by rising incomes, urbanisation and better access to education and technology. This growth offers economic opportunities but also challenges like rising living costs and job insecurity, necessitating supportive policies. The burgeoning middle class, defined by households earning between ₹5 lakh and ₹30 lakh annually (at 2020-21 prices), is expected to constitute 60% of the population by 2047, up from the current 31%, says a report by Rediffusion Consumer Lab...
- Ease of experimentation leading marketers astray? 19 February 2025, brandequity.economictimes.indiatimes.com In the mad chase for clicks, it’s easy to be swayed by performance marketing, says Sunil Gupta, co-chair for Driving Digital Strategy at Harvard Business School. Performance marketing and optimising every little detail to improve the number of clicks became a big thing in Silicon Valley, and we somehow got swayed by all those arguments, he tells Prasad Sangameshwaran in a free-wheeling chat...
- ET M&E Summit 2025: FMCG’s media strategies must evolve to stay relevant in multi-screen age 19 February 2025, brandequity.economictimes.indiatimes.com Brands in India face challenges reaching mass audiences due to evolving media consumption. A panel discussion at the ET Media and Entertainment Summit 2025 highlighted the shift away from traditional "prime time" TV, the rise of digital platforms, and the need for flexible, data-driven strategies to maximise reach and engage consumers across multiple screens...
- Reliance Consumer takes soft drink brand Campa Cola to UAE market 19 February 2025, retail.economictimes.indiatimes.com Reliance Consumer Products Ltd has launched its soft drink brand Campa Cola in the UAE, partnering with Agthia Group. This marks RCPL's first entry into the UAE market, aiming to connect with both local consumers and the significant Indian expatriate community, leveraging Agthia's robust distribution network...
- Lulu Group expands operations in India; Nagpur project in initial stage of architectural planning says Chairman, Yusuff Ali 19 February 2025, retail.economictimes.indiatimes.com Lulu Group International plans to expand its presence in India with projects in Nagpur, Vishakhapatnam, and Ahmedabad. Chairman M.A. Yusuff Ali emphasized India's growth under Prime Minister Narendra Modi’s leadership. The group aims to contribute to India's economy and highlighted strong investment relations between India and Qatar in various sectors like AI, IT, and food processing...
- IKEA plans to launch online deliveries in Delhi, Noida, Gurugram soon: Here's the Latest update 19 February 2025, retail.economictimes.indiatimes.com IKEA is launching online deliveries in Delhi-NCR and partnering with Rhenus Logistics. They will use a warehouse in Gurugram to fulfil orders. IKEA's e-commerce expansion in India is crucial, with plans for stores in Gurugram and Noida. The Noida store will include retail, dining, and office spaces. The development is expected to attract over 25 million visitors annually...
- Penalty for ad delays: Bengaluru man sues PVR, INOX, wins Rs 65k in court 19 February 2025, business-standard.com A 30-year-old man in Bengaluru has won Rs 65,000 in compensation after suing PVR Cinemas, INOX, and BookMyShow, claiming they wasted 25 minutes of his time by running lengthy advertisements before a movie screening. The consumer court ruled in his favour, citing “unfair trade practice” and emphasising that “time is money”...
- Merlin Group to invest Rs 800 crore for second thematic project in Kolkata 17 February 2025, realty.economictimes.indiatimes.com Merlin has partnered with global lifestyle network FTV for the project. This will be Merlin's first brandedproject under F Residences. As part of the partnership, FTV will design the interior and exterior of the flats...
- FMCG sector in urban markets may see a turnaround, December quarter data shows 17 February 2025, retail.economictimes.indiatimes.com "With the tax benefits provided in the budget affecting the urban consumer, we do see some short-term consumption impetus, which is expected to further consolidate urban's position this year. No major thrust areas are evident for rural in the same vein, so it is likely that urban may end up leading rural for most part of the year,” said K Ramakrishnan, managing director, South Asia, Worldpanel division at Kantar, adding that there is caution necessary before it can call the sales growth a full-fledged turnaround in the overall market...
- Arunachal Guv urges tea growers to focus on branding, market expansion 17 February 2025, retail.economictimes.indiatimes.com Arunachal Pradesh Governor Lt Gen (Retd) K T Parnaik emphasizes the importance of organic tea cultivation for its sustainability and market demand. He advises small tea growers to adopt natural farming practices, develop strong branding, utilize traditional and digital marketing strategies, and participate in trade fairs to promote their products...
- Turkey fines Adidas $15,000 for pigskin shoes 15 February 2025, brandequity.economictimes.indiatimes.com Turkey fined Adidas over $15,000 for not disclosing that its 'Samba OG' trainers contained pigskin, which goes against religious sensibilities in the Muslim-majority country. The advertising regulator emphasized that materials contrary to the majority's religious beliefs must be clearly mentioned in product descriptions...
- Reliance Consumer Products expands portfolio with Velvette acquisition 15 February 2025, retail.economictimes.indiatimes.com Reliance Consumer Products Limited (RCPL) has acquired Velvette, a brand known for its personal care products. This addition will enhance RCPL's offerings and expand Velvette's reach in the Indian market. RCPL plans to leverage its expertise and consumer insights to boost Velvette’s brand presence and maintain its legacy of providing affordable, high-quality personal care solutions...
- Blackstone-backed Nexus Select acquires Vega City mall in Bengaluru for Rs 913 cr 14 February 2025, retail.economictimes.indiatimes.com Nexus Select Trust, a Blackstone Group-backed retail-focused REIT, has acquired the Vega City mall in Bengaluru for Rs 913 crore, boosting its retail platform in the city. The acquisition, financed through debt, is expected to enhance the REIT's NAV and DPU, adding a significant revenue stream...
- India's quick-commerce frenzy is unsustainable, TVS Capital Fund chief says 14 February 2025, retail.economictimes.indiatimes.com "These are passing fads and fantasies," TVS Capital Funds Chairman Gopal Srinivasan, who manages assets worth about 50 billion rupees ($575 million), said in an interview...
- QSR firms push expansion despite weak demand 14 February 2025, financialexpress.com Despite posting revenue numbers below estimates in the October-December quarter, quick service restaurant (QSR) operators remain bullish on expansion, betting on long-term growth prospects...
- Sanjiv Mehta on 4 key consumer trends that will decide how people will spend 14 February 2025, retail.economictimes.indiatimes.com Sanjiv Mehta, former Chair/CEO of HUL, highlights four key consumer trends in India: a desire for immediate life enjoyment, increased social media sharing, a search for authenticity, and a growing interest in purposeful living. These trends reflect changes in spending patterns and consumer behavior, with an emphasis on experiences, natural products, and aspirational items...
- Meesho to allow more unbranded sellers 14 February 2025, retail.economictimes.indiatimes.com E-commerce platform Meesho aims for a 50 per cent sales increase by next year by incorporating more unbranded retailers and MSMEs. With 80 per cent growth in app downloads and a significant rise in orders in Bengal, Meesho plans to balance branded and unbranded sellers. Over half of their sellers are manufacturers, and they are expanding logistics partnerships in Bengal...
- ITC looking to spice up South India with a $1.4bn MTR deal: Report 14 February 2025, retail.economictimes.indiatimes.com Indian conglomerate ITC Ltd. is in early talks to acquire MTR Foods and Eastern Condiments from Orkla ASA for $1.4 billion. The acquisition would strengthen ITC's presence in the South Indian food market and expand its footprint in the spices and ready-to-cook food segments...
- India tablet market grows by 25% on-year in 2024; Apple iPad shipments cross 1 mn units: CMR 14 February 2025, brandequity.economictimes.indiatimes.com Tim Cook, CEO of Apple, at the company’s most recent post-earnings analyst call, said that the iPad revenue grew by 15% year-on-year to reach $8.1 billion in Q1 2025, driven by a strong interest in the company’s latest products...
- Wired and inspired: How humans keep marketing real 13 February 2025, brandequity.economictimes.indiatimes.com The integration of AI tools in marketing enhances efficiency but can’t replace human creativity, empathy, and strategic thinking. Marketers excel in crafting stories that resonate emotionally, building trust, and uniting teams around shared goals. Emphasizing the importance of emotional intelligence and adaptability, it reinforces the unique role humans play in making marketing truly impactful...
- China slows, India rises: Rado’s biggest market is now here 13 February 2025, brandequity.economictimes.indiatimes.com India has become the largest market for Swiss watchmaker Rado due to strong demand, outperforming China. Rado's success in India is driven by rising disposable incomes and interest from both major cities and smaller towns. The company expects record sales in 2024, bolstered by a potential reduction in import duties...
- D-Mart and Trent to outperform amidst India's changing consumption landscape: Jignanshu Gor 13 February 2025, retail.economictimes.indiatimes.com Jignanshu Gor, from Bernstein India, shares insights on retail and restaurant stocks, highlighting an outperform rating on D-Mart, Trent, Jubilant, and Devyani. He explains the need for continuous innovation in FMCG and the growing impact of quick commerce. Gor emphasizes evaluating brands versus channels and highlights the current growth in apparel, groceries, and beauty products...
- Now, get a TV in 10 minutes from Blinkit 13 February 2025, financialexpress.com To facilitate quicker deliveries, all quick commerce players have stepped on the pedal to establish more dark stores in existing as well as newer cities. ..
- McDonald's international markets prop up sales, US lags 12 February 2025, brandequity.economictimes.indiatimes.com McDonald's reported a surprising increase in global comparable sales in Q4, fueled by strong demand in the Middle East, Japan, and China. However, U.S. sales declined, impacted by an E. coli outbreak and cautious consumer spending. The company extended its $5 meal deal, targeting budget-conscious diners. Global same-store sales rose 0.4%, surpassing expectations...
- Philips eyes next-gen AI innovations to drive growth in India’s grooming & personal health market 12 February 2025, brandequity.economictimes.indiatimes.com Philips plans to introduce AI-powered grooming products and expand production in India, driven by increased demand for premium grooming solutions. With a focus on innovation and consumer needs, the company aims to strengthen its hold on the market while investing in local manufacturing and software development, anticipating significant growth in India's personal health market...
- How Canada's Shopify is weaving AI 'magic' to pull in merchants 12 February 2025, brandequity.economictimes.indiatimes.com Heather Perry switched her roastery, Klatch Coffee, to Shopify to automate tasks and improve customization during the holiday rush. Shopify's AI tools and streamlined services have attracted numerous merchants, helping them save time and costs and boosting their online presence. Shopify generates revenue largely from subscription fees and cuts on transactions on the platform. ..
- Global clothing brands looking up to India amid Bangladesh unrest 12 February 2025, retail.economictimes.indiatimes.com Global brands are turning to Indian garment manufacturers due to political unrest in Bangladesh. This shift has led to increased inquiries and export orders from the US and Europe. Though India excels in cotton garments, the focus is now on man-made fibre apparel to align with global demand, especially ahead of the Bharat Tex event in February...
- Maaza crosses billion dollars in sales 12 February 2025, retail.economictimes.indiatimes.com Coca-Cola's Maaza, a mango fruit-based drink, achieved billion-dollar brand status in 2024, making it the company's 30th billion-dollar brand. This milestone follows ThumsUp's similar achievement in 2021. Coca-Cola expanded its digital customer platforms in India, adding 440,000 outlets and achieving notable revenue and volume growth...
- India is now the fastest growing online market globally for beauty products: NielsenIQ 12 February 2025, retail.economictimes.indiatimes.com India is the fastest growing online market for beauty products, with beauty ecommerce sales rising 39% from June-November 2024 compared to a year earlier, outpacing physical store growth at 3%. Youthful consumers eager to spend, coupled with social influencers, have driven this trend, with major brands and quick commerce platforms playing key roles...
- Tramontina and Aequs form JV to manufacture cookware in India 12 February 2025, retail.economictimes.indiatimes.com Aequs Cookware and Brazilian homeware company Tramontina have formed a 50:50 joint venture to produce cookware at Aequs’ Hubballi Durable Goods Cluster. With an investment up to Rs 800 million, this partnership aims to serve both domestic and global markets by leveraging Aequs’ manufacturing ecosystem and Tramontina’s global strength, enhancing their presence with high-quality products...
- Tax cuts to boost consumption, recovery in urban markets, says Marico's Saugata Gupta? 11 February 2025, brandequity.economictimes.indiatimes.com Indian celebrity-backed fashion brands struggle with credibility and success due to lack of clear brand identity, inconsistent product quality, overemphasis on star power and fierce competition in the e-commerce space. However, successful international counterparts like Rihanna's Fenty or Kylie Jenner's Kylie Cosmetics excel through innovation and meeting consumer demands effectively...
- IPL extravaganza: Consumer goods cos readying pitch for mega summer splash 10 February 2025, retail.economictimes.indiatimes.com Consumer companies in FMCG and automobile sectors are gearing up to leverage the Indian Premier League (IPL) to introduce new products and promotions to capitalize on rising consumption. The event is expected to drive higher advertising expenditures, especially for summer-centric brands and vehicles, due to new income tax changes and early summer onset...
- Tax cuts to boost consumption, recovery in urban markets, says Marico's Saugata Gupta? 10 February 2025, retail.economictimes.indiatimes.com The recent reduction in income tax rates for individuals is expected to boost consumption in various sectors such as travel, apparel, restaurants, and FMCG, as per Marico MD Saugata Gupta. The increased disposable income is unlikely to be directed towards savings, driving a recovery in urban markets...
- Retail industry gears up for The Economic Times Great India Retail Summit 2025 10 February 2025, retail.economictimes.indiatimes.com Mumbai is set to host The Economic Times Great India Retail Summit 2025 from February 20-21 at the Jio Convention Center, featuring top industry leaders and innovators. The summit will explore retail's future, focusing on digital transformation, omnichannel strategies, evolving consumer behavior, and non-metro market potential...
- Ecommerce firms prioritise delivery partners and their well-being 10 February 2025, retail.economictimes.indiatimes.com Companies like Zomato, Swiggy, bigbasket, Delhivery, and Zippee are expanding beyond insurance, offering comprehensive health and well-being benefits. These include welfare funds for emergency financial support, on-road SOS assistance, emergency helplines, and regular health camps, all aimed at enhancing financial protection, retention, and service quality...
- Amazon, DGFT extend partnership to boost e-commerce exports from India 10 February 2025, brandequity.economictimes.indiatimes.com Amazon and DGFT have renewed their partnership to enhance e-commerce exports from India. The alliance focuses on training MSMEs, integrating Amazon's tools within the DGFT portal, and establishing local export communities to provide support and guidance, aiming to significantly boost India's export economy...
- Branding’s love triangle 10 February 2025, brandequity.economictimes.indiatimes.com A love triangle in marketing involves brand custodians balancing quantitative metrics and qualitative insights. Quantitative metrics offer measurable, trend-based assurances, making them a safe choice for brand discussions, while qualitative insights present a riskier, yet potentially rewarding path for future growth. To be honest, this clandestine affair has been going on for quite a while. It comprises the brand custodian, Quantitative metrics and Qualitative insights. ..
- Redefining fashion for a conscious future 08 February 2025, brandequity.economictimes.indiatimes.com Sustainable fashion is transforming how we create and consume clothing, addressing environmental and social impacts. Circular fashion, innovative technologies like AI and blockchain, and ethical practices are paving the way, while conscious consumers drive the demand for change. The future of fashion requires collective efforts from governments, brands, and consumers...
- The role of audio content in shaping in-store consumer experiences 08 February 2025, brandequity.economictimes.indiatimes.com Retailers are increasingly using audio content to enhance in-store experiences. Music, branded audio, and audio out-of-home ads are key strategies to impact consumer behavior. Integrating audio with other sensory elements and personalizing through technology, retailers aim to boost customer satisfaction and sales, creating memorable shopping environments. Metrics like dwell time and sales conversion rates measure audio content effectiveness...
- Lotte to enter snacks segment; to invest USD 300 million in next 5 years in India 08 February 2025, brandequity.economictimes.indiatimes.com Lotte, which opened an ice cream manufacturing facility in Pune for its Havmor business, has plans to launch 'Pepero', its famous chocolate-coated biscuit stick, said Lotte Wellfood CEO Paul Yi...
- Beyond traditional marketing: How venture architects drive 10x value for businesses? 08 February 2025, brandequity.economictimes.indiatimes.com By offering a full-stack approach beyond traditional consulting, Venture Architects (VAs) transform how enterprises design, build, and scale new ventures. Combining business foresight, design thinking, tech innovation, and operational precision, they act as a single incubation team to deliver future-ready businesses with unmatched efficiency and 10x growth potential...
- PVR Inox adds 77 screens, exits 67 underperformers amid shift to capital-light model 07 February 2025, retail.economictimes.indiatimes.com Multiplex chain PVR Inox expanded its net screen count by 10, adding 77 new screens and closing 67 underperforming ones by December 2024, transitioning to a capital-light model. With a reduced capex of ₹400 crore for the year ending March 2025, the company plans to open 100-110 screens annually, aiming for strategic growth while optimizing costs...
- Trent to sell stake in Massimo Dutti India venture 07 February 2025, retail.economictimes.indiatimes.com Tata-owned Trent plans to sell a 29 per cent stake in its joint venture running Massimo Dutti in India, retaining a 20 per cent share post-transfer. Despite recent share drops due to slow sales growth and market competition, Trent remains committed to expanding and enhancing its store portfolio, posting significant revenue and profit increases last quarter...
- ITC signs agreement to acquire frozen food player Prasuma 07 February 2025, retail.economictimes.indiatimes.com This would be the fifth major acquisition in the FMCG space in 7-8 years by ITC, after Savlon, Nimyle, Sunrise and Yogabar. ITC will initially acquire 43.8% stake in the company for Rs 131 crore, which translates into a valuation of close to Rs 300 crore for the food company...
- Men's workwear startup Harfun plans expansion across channels, targets Rs 100 cr GMV by FY26 07 February 2025, retail.economictimes.indiatimes.com Harfun, a men's workwear startup, plans to expand both online and offline, aiming for Rs 100 crore GMV by the end of the next fiscal year. With plans for a new store in Delhi NCR and international expansion to Dubai, Harfun focuses on practical, utility-driven products and continuous innovation through technology and research collaborations...
- 27 new foreign retail brands entered India in 2024 07 February 2025, brandequity.economictimes.indiatimes.com In 2024, 27 new international retail brands entered India, driven by growing luxury demand, nearly doubling from 2023. Key categories included beauty, fashion, and accessories. Delhi-NCR emerged as a top destination, with high-end brands leasing significant space. The influx is fueled by rising urbanization, disposable income, and shifting shopping preferences, enhancing India's dynamic retail market...
- High alcohol prices and licence auctions: Yogi approves 12 key changes in new excise policy 07 February 2025, financialexpress.com The government has set an ambitious excise revenue target of Rs 55,000 crore, an increase of Rs 4,000 crore from the previous year. This would mean an increase in alcohol prices in the state once the policy is implemented. ..
- Liquor bottles may carry stronger health warnings; FSSAI in talks 05 February 2025, retail.economictimes.indiatimes.com The FSSAI is in early discussions with liquor companies to implement new warning labels on alcohol bottles. Bombay High Court also issued a notice to FSSAI regarding cancer warnings on liquor bottles. Industry executives argue that existing health warnings are sufficient and additional warnings are unsubstantiated...
- Colgate CEO points to urban warfare via deep discShein India data to remain here, will sell products manufactured by Reliance Retail armounts 05 February 2025, retail.economictimes.indiatimes.com Shein India app, launched by Reliance Retail's subsidiary Nextgen Fast Fashion, partners with Indian MSMEs to manufacture and sell products locally and globally. The platform, developed and hosted in India, ensures data localization and offers no access to Shein. This initiative aims to boost Indian MSME exports and create local jobs...
- Nexus Select Trust's net operating income up 6% in Q3 FY25 05 February 2025, realty.economictimes.indiatimes.com The company's Net Operating Income (NOI) rose 6 per cent to Rs 441.6 crore in the third quarter of this fiscal year. Nexus Select Trust is India's first publicly listed retail Real Estate Investment Trust (REIT)...
- India in 2025 a marketer's paradise," Mukta Maheshwari, P&G India 05 February 2025, brandequity.economictimes.indiatimes.com The February 1, 2025 edition of ET Brand Equity’s digital cover features Mukta Maheshwari—CMO; VP & Category Head, Fabric Care, P&G India. The FMCG leader highlights the importance of remaining focused to the core objectives of marketing - growing the category. The battle is no longer just about market share—it’s about winning consumer trust in an environment where personalisation, digital acceleration, and purpose-driven branding are shaping new expectations...
- Finance Ministry bans use of ChatGPT, DeepSeek for official purposes. Here’s why 05 February 2025, livemint.com Finance Ministry has asked its employees to avoid using AI tools such as ChatGPT and DeepSeek for official purposes because of the risks these chatbots pose to the confidentiality of government documents and data, Reuters reported, citing an internal department advisory...
- The rise of data-driven influencer marketing 04 February 2025, brandequity.economictimes.indiatimes.com Influencer marketing in India, valued at over 12 billion rupees, is expected to grow significantly, driven by data insights rather than follower counts. Brands use audience demographics, engagement rates and content relevance to select influencers and employ real-time analytics for campaign optimisation and post-campaign evaluation to ensure maximum ROI, says the author...
- Colgate CEO points to urban warfare via deep discounts 04 February 2025, brandequity.economictimes.indiatimes.com Colgate-Palmolive CEO Noel Wallace highlighted intense discounting wars among consumer goods companies in India due to sluggish urban demand. Despite market share gains by competitors like Dabur, Colgate remains optimistic about future growth...
- Nestle brews plans to bring Starbucks to retail outlets 04 February 2025, brandequity.economictimes.indiatimes.com Nestle is considering introducing Starbucks' ready-to-drink coffee products in India's retail market as part of their global partnership. This move aims to capitalize on the growing coffee consumption trends in India, despite it being a predominantly tea-drinking nation, and could include products like wholebean, roast, and ground coffees. The deal does not impact Starbucks' joint venture with Tata Consumer Products to operate Starbucks cafes in India...
- Empowering AI education: Bridging skills, digital governance, and ethical innovation 03 February 2025, brandequity.economictimes.indiatimes.com AI's immense economic potential by 2030 necessitates robust digital literacy and governance. Diverse frameworks tailored to regional needs, like Prahalad’s 'BoP' in India, ensure inclusivity. Effective AI education should bridge talent gaps and promote ethical data practices. Cross-sector collaboration and prioritising user rights are key to an equitable AI-driven future...
- Is the Hindi Film Industry heavily dependent on big budget event films? 03 February 2025, brandequity.economictimes.indiatimes.com Indian film industry shows a growing dependency on big-budget event films, with the top ten films' contribution to total box office collections rising significantly to 41% in 2024. The trend highlights the increasing divide between high-budget spectacles and smaller, content-driven films in attracting theatrical audiences...
- Reliance brings Shein back to India after 2020 app ban 03 February 2025, retail.economictimes.indiatimes.com Reliance Retail has launched Shein's Chinese fast fashion label in India through an independent app, following a test run on Ajio. Despite Shein's origin and previous ban, government clearances have been obtained with agreements ensuring local manufacturing. The Indian fast fashion market is set to grow significantly, reaching $50 billion by FY31...
- H&M must raise the bar to counter fierce fast-fashion competition, says CEO 03 February 2025, brandequity.economictimes.indiatimes.com H&M CEO Daniel Erver emphasizes the need to enhance quality and trendiness of their clothing to stay competitive in the fast-fashion market. The retailer is investing in marketing strategies, including partnerships with pop stars and social media influencers, to attract younger, fashion-conscious consumers and improve market share against competitors like Zara and Shein...
- The ‘Beta’ way to market 29 January 2025, brandequity.economictimes.indiatimes.com Generation Beta might still be in diapers, but Gen B, like the generations before it, will irrevocably change consumption, and therefore, marketing, over the next 15 years. For instance, one expert predicts that Gen B, having been raised by mostly Gen Z and late millennial parents, will be more cautious about how much time they spend online and who they trust with their data. Prasad Sangameshwaran speaks to experts on how marketers can unlock the potential of Gen B, without getting locked in the cage themselves...
- Dave & Buster's signs an exclusive partnership with Malpani Group to enter India 29 January 2025, retail.economictimes.indiatimes.com The company plans to open 15 outlets of the brand across India over the next 5-7 years. The second outlet of the brand spanning across 21,000 sq.ft is scheduled to open in Mumbai in 2025...
- How India’s festivals create unique marketing opportunities for brands 28 January 2025, brandequity.economictimes.indiatimes.com India's festivals present unique opportunities for brands to engage with consumers. Top brands, like Dettol and Dabur, set up counters during events like Mahakumbh, while Tanishq and Surf Excel create emotional campaigns. E-commerce giants like Amazon and Flipkart leverage sales events. Brands also strengthen regional marketing, collaborate with celebrities, and perform CSR activities to build goodwill....
- Smaller towns driving E-commerce growth; Tier-2 and 3 shoppers glamming up: Report 28 January 2025, brandequity.economictimes.indiatimes.com The report revealed that home decor and furniture items also see 100 per cent order volume growth across tier-3 cities and smaller towns. It also highlighted that nutraceuticals and supplements saw high demand, including anti-hair fall kits, skin toners, metabolism boosters etc. Other popular purchases include self-care items such as body lotions and moisturizers, lip balms, and makeup combos....
- Fast-fashion and premium segments to drive Indian apparel sector growth in FY26 28 January 2025, retail.economictimes.indiatimes.com India's fashion industry is set for recovery in FY26, with a notable upturn in fast fashion, ethnic wear, and luxury segments. Rising disposable incomes, more weddings, and favorable monsoons are expected to drive demand, particularly in smaller cities. E-commerce growth, Gen-Z's influence on fashion, and strategic retailer expansions are key factors in this anticipated revival...
- Joker & Witch eyes to be a Rs 500 crore brand in next 4-5 years; plans to go omnichannel 28 January 2025, retail.economictimes.indiatimes.com Currently, Joker & Witch offers watches, sunglasses, jewellery, and other accessories, and going ahead it plans to expand further in the accessories segment which is size-agnostic like bags. Teejh, which offers traditional jewellery, potlis, and clutches, is looking to strengthen its latest offering - sarees...
- Coffee Island debuts in India, aims to transform specialty coffee culture 28 January 2025, financialexpress.com Coffee Island aims to open 20 outlets in metropolitan cities like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad by 2026, scaling up to 250 outlets by 2029, including smaller, high-potential urban markets...
- Coca-Cola recalls drinks across 6 European countries over chemical contamination concerns 28 January 2025, retail.economictimes.indiatimes.com Soft drinks giant Coca-Cola has announced the recall of several products across Europe after discovering higher levels of a chemical known as “Chlorate.” Affected drinks in cans and glass bottles were distributed in Belgium, Britain, France, Germany, Luxembourg, and the Netherlands starting in November 2024...
- Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources 27 January 2025, retail.economictimes.indiatimes.com US buyout fund Advent closes in to pick up around 51-75% in Rosy Blue company; may announce deal soon. People familiar with the situation told ET that Orra has been seeking partners to infuse capital and grow the business in India and overseas, amid a larger disruption by new-age brands and lab-grown diamonds…
- German kitchen brand Nolte FZE sees huge potential in India; aims to develop a structured modular kitchen market 27 January 2025, retail.economictimes.indiatimes.com Nolte FZE is amplifying its presence in India with a $2 million investment for brand development, store openings, and workforce training. The company aims to expand its distributor network to 25-30 by 2025 and establish a flagship experience center in Mumbai. Future plans include local production and incorporating e-commerce strategy…
- Rise of the Premium League: Consumers embrace luxury choices despite price hikes 27 January 2025, retail.economictimes.indiatimes.com Despite economic challenges, the demand for premium products such as groceries, spirits, clothing, and shoes remains strong in cities. Companies like Hindustan Unilever and Diageo India report continued growth in the premium segment. Higher-income consumers are driving this trend, with spending on international vacations and weddings also reflecting resilience…
- Soft drinks, ice creams, AC makers scaling up production to match early season demand spike 27 January 2025, retail.economictimes.indiatimes.com As an unusually early summer approaches, manufacturers of seasonal products like air-conditioners, soft drinks, ice creams, and beer are ramping up production. Companies such as Voltas, Varun Beverages, and Amul are increasing capacity and stock replenishment cycles to meet anticipated demand…
- The Diminishing Return of Marketing 27 January 2025, brandequity.economictimes.indiatimes.com Marketers need to recognise the point of diminishing returns and know when to step back and recalibrate their strategies. Emphasis should be placed on understanding the consumer, adapting to new trends and continuously innovating to sustain long-term growth. In an era where digital and Gen Z consumers are the holy grail of marketing, we often become blindfolded by trends and lose sight of the fundamental goal—understanding the consumer…
- NRAI calls on restaurants to adopt ONDC to counter 10-minute delivery by Zomato, Swiggy 23 January 2025, retail.economictimes.indiatimes.com In a townhall meeting on Wednesday, the industry body said it is approaching the courts, the competition watchdog and the government to prevent the roll-out of standalone 10-minute delivery apps by the two food delivery companies…
- Burger Singh eyes South India growth, plans 100 stores in Karnataka over the next 3-5 yrs 23 January 2025, thehindubusinessline.com The QSR burger chain Burger Singh is targeting southern expansion, beginning with its entry into the Bengaluru market. The company plans to open 100 stores in Karnataka over the next 3–5 years, with nearly 50 stores in Bengaluru…
- SheGlam debuts in India market through Reliance Retail’s Tira 23 January 2025, retail.economictimes.indiatimes.com SheGlam aims to redefine affordable glam for Indian consumers. Famed for selling three products every second globally, it has Liquid Blush, Liquid Highlighter, Lipsticks, and Foundation under its portfolio…
- Trends for marketers in 2025 23 January 2025, retail.economictimes.indiatimes.com Digital advertising is evolving in 2025 with increased focus on combating ad fraud, ensuring trust and transparency. Performance-driven metrics will take precedence. Marketers will favor curated inventories due to increasing sophisticated fraud. Advanced technologies and tools will be necessary to maintain efficiency and safeguard investments. Keeping ahead of trends and adapting will be essential for growth…
- How brand newsrooms are reshaping India’s information economy 23 January 2025, brandequity.economictimes.indiatimes.com India’s specialised media landscape is being transformed as brands create newsrooms, hire journalists, and produce high-quality content. This new model leverages proprietary data and domain expertise, attracting top talent and reshaping information dissemination. Traditional media now coexists with brand newsrooms, which invest significantly in-depth and quality coverage, changing how specialised journalism is created and consumed…
- Hindustan Unilever acquires 90.5% stake in beauty brand Minimalist at Rs 2,955 crore valuation 23 January 2025, brandequity.economictimes.indiatimes.com Hindustan Unilever acquires a 90.5 per cent stake in beauty brand Minimalist, valuing it at ₹2,955 crore. Founders, Rahul and Mohit Yadav, will continue managing for two years. The acquisition aims to leverage synergies, focusing on premium segments in the competitive beauty market. This move strengthens HUL’s portfolio in high-growth categories. Regulatory approvals pending, completion expected by June 2025…
- Reliance Consumer Products set to buy SIL’s brands to spice up play; plans to compete with HUL, Cremica & Tata 22 January 2025, retail.economictimes.indiatimes.com Reliance Consumer Products (RCPL) is set to acquire SIL, a packaged foods brand known for products like cooking pastes, jams, and sauces. The acquisition will enable RCPL to expand its national distribution and compete with major players such as HUL and Tata Consumer. RCPL aims to offer competitively priced products and enhance trade margins for retailers…
- Consumer Goods companies step up ad spends in a bid to push sales 22 January 2025, retail.economictimes.indiatimes.com Consumer goods companies are significantly boosting their advertising and marketing budgets by 20% this quarter to meet fiscal year-end sales targets. Key sectors such as automobiles, retail, electronics, and FMCG are driving this increase, with reinvestments from higher profits and strategic campaigns launched for events and seasonal products…
- The ‘cool kids’ in India’s Rs 33,000-cr gaming industry 22 January 2025, brandequity.economictimes.indiatimes.com Globally, companies like Uber, LEGO and even Gucci have embraced gaming, not as a quirky experiment but as a serious marketing channel. Yet in India, most brands appear content buying cheap cost per mile (CPM) impressions on Android games, missing the bigger picture . The author believes that with 568 million gamers, India’s gaming market is a storytelling windfall waiting to be tapped…
- Legion of the regions halts FMCG march 21 January 2025, retail.economictimes.indiatimes.com Regional brands like Balaji Wafers, MTR spices, and Fena detergent experienced a significant slowdown in sales growth during 2023-24 due to broader economic challenges. Previously, these brands had gained substantial market share from established players, especially during the pandemic. Falling commodity prices initially helped regional brands with lower prices but were insufficient to sustain rapid expansion…
- Blinkit’s losses expand as quick commerce firm faces intense competition from the likes of Zepto 21 January 2025, retail.economictimes.indiatimes.com Blinkit, owned by Zomato, incurred an Ebitda loss of Rs 103 crore in the October-December quarter due to its rapid expansion efforts. Despite this, it achieved its target of operating 1,007 dark stores by December 2022 and aims to reach 2,000 by December 2025, accelerating from the initial 2026 target…
- India will protect interests of small, medium enterprises in diamond industry: Piyush Goyal 21 January 2025, retail.economictimes.indiatimes.com Commerce and Industry Minister Piyush Goyal, during his visit to Brussels, asserts India’s commitment to protecting small and medium enterprises in the diamond industry by requesting the EU to extend the deadline for technology-based certification. He emphasizes India’s dedication to a fair Free Trade Agreement and encourages European investors to explore opportunities in India…
- IKEA nails it! 90% deliveries in India via EVs 21 January 2025, retail.economictimes.indiatimes.com IKEA’s commitment to renewable energy in India has saved them nearly ₹100 million in electricity bills and reduced their global climate footprint by 30%. The company plans to increase local manufacturing, grow value addition, and achieve 100% renewable energy for operations in India next fiscal. Furthermore, half of their workforce in India is women…
- Pepsi, Tatas look to spice up snacks market 20 January 2025, retail.economictimes.indiatimes.com PepsiCo and Tata Consumer Products have teamed up to develop and sell packaged snacks, integrating PepsiCo’s Kurkure brand with Tata’s Ching’s Secret. This collaboration aims to compete in the fiercely growing Indian snacks market, which is projected to reach ₹95,521.8 crore by 2032…
- Want to be a leader in every segment we operate in: ITC Chairman Sanjiv Puri 20 January 2025, retail.economictimes.indiatimes.com ITC is focusing on strengthening competitiveness and enhancing innovation through its ‘Next Strategy’ under the leadership of Sanjiv Puri. The strategy emphasizes digitalization, sustainability, and supply chain efficiency to shape a future-ready enterprise, aiming to lead in all segments it operates in…
- Future of communications: Grabbing hearts not eyeballs 20 January 2025, brandequity.economictimes.indiatimes.com Humour is making a comeback in brand communications as it effectively captures attention and loyalty. Gen Z and Gen Alpha prefer relatable, creative brands. AI enhances creative campaigns, enabling ultra-personalised experiences. Geopolitical factors require nuanced strategies. Future communications will blend creativity and strategy to stay memorable in a dynamic, global landscape…
- Kirana is too small to fail 18 January 2025, retail.economictimes.indiatimes.com India’s quick commerce sector, including players like Zomato, Swiggy, Blinkit, and Zepto, is witnessing rapid growth, impacting traditional retail, especially kirana stores. However, the unique business model of kiranas and strategic moves by consumer goods firms suggest both segments can coexist, with each catering to different customer needs. Major players are also expanding into services and new product categories…
- Growth in tier-2 cities helps Apple break into top 5 in India 18 January 2025, retail.economictimes.indiatimes.com Apple’s entry into India’s top five smartphone brands in December 2024 was driven by expanding into smaller towns with aggressive affordability initiatives. The company saw record shipments of 12 million iPhones, bolstered by discounts and a 24-month no-cost EMI option, focusing on previous generation models…
- Aditya Birla’s Indriya looks to add 100 stores in 3 years: CEO 18 January 2025, financialexpress.com The average value of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company’s chief executive officer Sandeep Kohli said…
- Could you sell your dreams? These companies will buy your nightmares too! 18 January 2025, brandequity.economictimes.indiatimes.com Dreams are no longer free from advertisements, as 54% of young Americans have experienced ‘dream ads,’ with brands like Coca-Cola and Apple frequently appearing. Research reveals that companies are intentionally influencing dreams, raising ethical concerns about consumer protection and the commercialization of our subconscious…
- How AI is transforming media manipulation 17 January 2025, brandequity.economictimes.indiatimes.com Call it the age of artificial deception. The rise of deepfake technology, as demonstrated by fabricated videos involving figures like Justin Trudeau and others, has led to widespread misinformation and deception globally. Despite efforts for stricter regulations, these AI-generated videos continue to pose significant threats, emphasising the need for comprehensive legal frameworks and increased public awareness to combat their impact…
- ITC, Zydus and FMCG giants can’t ignore this booming part of India 17 January 2025, brandequity.economictimes.indiatimes.com Rural India is emerging as a key market for FMCG companies due to rising disposable incomes, driven by robust agricultural output and government schemes. Companies are increasing their presence with affordable, smaller pack sizes, catering to the evolving preferences and growing purchasing power of rural consumers, which now demand both essentials and premium products…
- India to cross 900 million internet users this year: IAMAI report 17 January 2025, brandequity.economictimes.indiatimes.com India is set to have over 900 million internet users by 2025, with a majority from rural areas, according to the IAMAI and Kantar report. Despite a slowing growth rate, rural regions now account for 55% of users. OTT streaming apps are the top activity, with digital commerce and payments also seeing significant rural participation…
- Cosmetics outshine fashion, regional markets soar: study 17 January 2025, brandequity.economictimes.indiatimes.com India’s e-commerce sector saw explosive growth in 2024. 396 million orders were delivered. Cosmetics were the top-selling category. Tier 2 and 3 cities drove significant growth. Saturday was the busiest shopping day. The Average Order Value increased to ₹5,000. Return rates declined. Omnichannel strategies grew. Predictions indicate 444 million orders for 2025…
- Spencer’s launches quick commerce service ‘Jiffy’ in Kolkata 7January 2025, retail.economictimes.indiatimes.com The company looks to deliver 20,000 products in under 30 minutes, said the chairman of Spencer’s, Shashwat Goenka. He said Spencer’s would be able to achieve positive profit-after-tax within the next two fiscals…
- FMCG cos tailor price points for quick commerce to protect Kirana stores 17 January 2025, retail.economictimes.indiatimes.com Consumer goods firms like Parle Products, HUL and ITC are creating exclusive product packs for quick commerce platforms to protect kirana stores and cater to changing shopping habits. These packs are priced higher and tailored for online consumers, reducing conflict with traditional retail channels. Quick commerce’s sales contribution has surged, prompting scrutiny from distributors and consumer goods firms…
- Apple launches new app for Indian stores to offer personalised shopping 17 January 2025, business-standard.com Apple has launched a dedicated app for its official stores in India, offering customers a new and more personalised shopping experience. The app is now available for existing Apple users in the country and provides tailored recommendations to make browsing and purchasing more seamless, according to a report by The Economic Times. ..
- Reliance to take Campa overseas to add more zing to cola business 16 January 2025, retail.economictimes.indiatimes.com Reliance Industries will introduce Campa Cola in the Middle East, starting with Bahrain and expanding to countries like Oman and Saudi Arabia. This strategy aims to compete with Coca-Cola and PepsiCo, who are currently hit by a boycott of American products. Reliance also plans to explore local partnerships for bottling Campa in the region…
- Sued over Schezwan: Tata-owned Capital Foods takes Dabur to Delhi HC over ‘Schezwan Chutney’ 16 January 2025, retail.economictimes.indiatimes.com The Delhi High Court has issued notice to Dabur India on Tata-owned Capital Foods’ plea alleging trademark infringement over “Schezwan Chutney.” Capital Foods claims Dabur’s Schezwan 2024 misleads consumers and infringes its trademark. Dabur contests the registration, arguing the term is generic and descriptive…
- Weak demand, inflation weigh on retail sector: Kavindra Mishra, Shoppers Stop MD 16 January 2025, retail.economictimes.indiatimes.com India’s retail market saw slower demand post-Diwali due to persistent inflation despite a festive boost, affecting retail giants like Shoppers Stop. Although premium segments showed growth, overall consumer sentiment remained subdued. Industry experts predict recovery by FY26 with improved income levels and controlled store expansions…
- Branded firms facing rising tide of private labels in crowded market 16 January 2025, retail.economictimes.indiatimes.com To be sure, private labels are not new. According to the Deloitte-FICCI report on ‘Spurring growth in FMCG, retail and ecommerce sectors in India’, private labels represent 4% of total retail sales, of which 70% belong to food categories…
- Organized jewellery sector expected to see growth in high teens; may reach 50% market share by FY29: Ind-Ra 16 January 2025, retail.economictimes.indiatimes.com Organized jewellers in India are poised for significant revenue growth by FY26, driven by steady demand, strategic expansion, and market share gains. The sector is expected to capture 50% of the market by FY29, with improved credit metrics and robust growth in tier-2 and tier-3 cities…
- Tata Cliq to bring Guess Jeans in India 16 January 2025, retail.economictimes.indiatimes.com Tata Cliq has partnered with Guess to launch Guess Jeans in India. Guess Jeans will be available through Tata Cliq’s physical stores and digital platforms. This partnership aims to expand the brand’s presence in India. Tata Cliq is committed to offering an elevated brand experience. The launch of Guess Jeans marks a key milestone in Guess’s global growth strategy…
- India’s restaurant industry shows signs of recovery; International brands will have edge: Report 16 January 2025, retail.economictimes.indiatimes.com The Indian restaurant industry is recovering and showing growth, spurred by increased discretionary spending, evolving demographics, and more women in the workforce. International brands benefit from broader appeal and lower rent costs. The upcoming Union Budget could further boost the sector, particularly if it includes personal income tax cuts…
- Asus strengthens metro presence through quick-commerce 16 January 2025, retail.economictimes.indiatimes.com Asus has partnered with quick commerce platform Zepto to deliver its accessories, such as mouse and keyboards, in major Indian cities including Delhi-NCR, Mumbai, Chennai, and Bengaluru. Vice-president of Asus India, Arnold Su, highlighted the growing demand for ultra-fast deliveries in urban areas and plans to expand to platforms like Blinkit and Instamart…
- Why did PUMA rebrand itself as PVMA ? 16 January 2025, brandequity.economictimes.indiatimes.com PUMA India rebrands to ‘PVMA’ to honor its collaboration with badminton star PV Sindhu, marking its entry into badminton with a specialized range of products. This partnership, launching at the India Open 2025, aims to elevate Indian badminton, leveraging Sindhu’s star power and PUMA’s innovative approach. This unprecedented activation also heralds PUMA’s official entry into badminton and positions India as a pioneer within the global PUMA ecosystem for the racquet sport…
- Strong demand anticipated in apparel and footwear sector in second half of FY25: Report 16 January 2025, brandequity.economictimes.indiatimes.com Retailers of apparel and footwear industry are anticipating strong demand in the coming months. Buoyed by the festive season, an increased number of wedding dates, and signs of improving consumer sentiment, the industry is looking forward to a positive second half of FY25, says a report by Phillip Capital…
- Suitor PepsiCo joins Haldiram Snacks queue; US execs in direct talks with Aggarwal family 15 January 2025, retail.economictimes.indiatimes.com PepsiCo has recently entered negotiations for a minority stake in Haldiram Snacks Food, competing with contenders Temasek and Alpha Wave Global. The Aggarwal family, seeking their first external investment, expects a valuation of Rs 85,000-90,000 cr. PepsiCo aims to leverage Haldiram’s market strength in ethnic snacks…
- India said to promote its textiles as political crisis hits Bangladesh’s exports 15 January 2025, retail.economictimes.indiatimes.com India plans to enhance its textile and garment industry with financial support, reduced tariffs on crucial inputs, and local production incentives in its upcoming budget. The political turmoil in Bangladesh has led global retailers to consider India as an alternative, leading to increased export orders for Indian garment producers. The government may raise textile ministry budget allocation and production-linked incentives…
- What Indians ordered online: From food to pet care, here are the trending deleveries in 2024 15 January 2025, retail.economictimes.indiatimes.com In 2024, quick commerce in India saw substantial growth, especially in food, clothing, and medicines. Consumers favored convenience, leading to increased orders for documents and groceries. Mumbai, Delhi, and Chennai had the highest delivery volumes. Food items like tiramisu and pav were top deliveries, with MSMEs and cricket events boosting demand. Delivery efficiencies improved significantly…
- Lululemon, American Eagle log strong sales in discount-heavy holiday season 15 January 2025, retail.economictimes.indiatimes.com Retailers like Lululemon, Abercrombie & Fitch, and American Eagle saw increased holiday-quarter sales due to cost-conscious shoppers. However, heavy discounting raised concerns about their profit margins. Online spending during the holiday season exceeded initial forecasts. Companies like Macy’s struggled while others like Nordstrom benefited from discounts. Mobile shopping and AI-enabled tools helped consumers find the best deals…
- German court halts sales of ‘Dubai’ chocolate made outside UAE 15 January 2025, retail.economictimes.indiatimes.com A German court has banned a discount supermarket chain from selling a version of “Dubai chocolate”on Tuesday. Wilmers said he had also begun proceedings against a Swiss chocolate maker, which then changed the packaging on their Dubai-style product, and was exploring action against another German supermarket chain after its refusal to stop selling a similar Dubai-style product. ..
- When is a rebrand the answer to a brand’s problems? 15 January 2025, brandequity.economictimes.indiatimes.com Around the world, brands have learnt that revamping their identities without thinking the exercise through can be met with ridicule and derision — often the hard way. On the other hand, being clear about your strategy and why you’re making a change is critical. Experts tell that change is good, but only when it’s strategic…
- Global smartphone market bounces back with 4 pc sales growth in 2024 15 January 2025, brandequity.economictimes.indiatimes.com “Smartphones continue to be an essential product, pivotal to people’s daily lives, and as macroeconomic pressures softened, the market started showing signs of recovery from Q4 2023 and has now grown for five consecutive quarters. Almost all markets showed growth, led by Europe, China and Latin America,” said Research Director Tarun Pathak…
- From quick commerce to safe commerce 14 January 2025, brandequity.economictimes.indiatimes.com The article highlights the increasing dependence on delivery services and the challenges faced by delivery partners, especially during adverse weather conditions. It suggests introducing safety measures and customer engagement features to ensure the well-being of delivery partners. Potential benefits include insurance options for drivers, regular vehicle maintenance notifications, and tracking accident-free deliveries…
- In a rapidly changing world, the idea is sacred 14 January 2025, brandequity.economictimes.indiatimes.com In the constantly evolving landscape of advertising, the focus should be on creating meaningful, engaging ideas rather than merely generating noise. Successful campaigns respect audience intelligence, navigate shifting trends, and emphasise integration and agility. Ultimately, impactful advertising balances innovation with foundational principles, making lasting impressions through well-crafted, thought-provoking ideas…
- A new restaurant culture is spicing up dining scene in Indian metros 14 January 2025, brandequity.economictimes.indiatimes.com The competitive dining scene in major Indian metropolitan cities, such as Bengaluru, Mumbai, and Delhi, is creating high demand for limited restaurant reservations. Diners’ increasing willingness to spend on unique culinary experiences reflects aspirations of India’s young middle class, making it harder to secure top dining spots…
- JVC re-enters Indian TV market through licence pact with Super Plastronics 14 January 2025, brandequity.economictimes.indiatimes.com JVC is re-entering the India TV market with a range of premium smart QLED televisions. This is through a brand licence agreement with Super Plastronics Pvt Ltd (SPPL). These televisions will be available exclusively on Amazon from January 14, 2025. JVC aims to cater to Indian consumers who seek immersive home entertainment experiences…
- Yulu Bikes eyes growth in non-metro towns with franchise model 14 January 2025, brandequity.economictimes.indiatimes.com The startup, backed by 33 institutional investors including Bajaj Auto, Magna and Rocketship, aims to leverage different vehicle form factors to cater to a broader set of needs. So far, Yulu Bikes has raised over $123 million in equity capital and USD 12 million in debt financing from US International Development Finance Corporation (DFC) and Northern Arc…
- Consumer companies now have a new fix: MNC-fied CEOs 14 January 2025, retail.economictimes.indiatimes.com Many top consumer companies in India, like Avenue Supermarts (DMart), Tata Consumer Products, and Nestle India, are appointing new CEOs with significant stints in MNCs such as Unilever and Pepsi to tackle complex business environments and revive company performance while fostering global strategies at the helm…
- Inside the Chinese giant Reliance is fielding in its retail war 14 January 2025, retail.economictimes.indiatimes.com India’s fast fashion industry is poised for intense competition, fueled by Reliance Retail’s recent collaboration with Chinese giant Shein. Following Zudio’s success and the lifting of Shein’s ban, Reliance aims to dominate the market. Strict regulations ensure local control while promoting domestic manufacturing and potential job creation…
- Tata Electronics goes beyond Apple, looks to build for Xiaomi and Oppo 14 January 2025, retail.economictimes.indiatimes.com Tata Electronics has held talks with Xiaomi and Oppo to take up contract manufacturing of their smartphones, in a bid to diversify its client base beyond Apple. The company was also in talks with Vivo, but that partnership is unlikely to go through, sources told ET…
- Favre Leuba eyes India as key market for global comeback, partners with Ethos for exclusive retail 13 January 2025, retail.economictimes.indiatimes.com Swiss watch brand Favre Leuba targets India as its primary market for a global relaunch, partnering with retailer Ethos. The brand aims to leverage its historical presence in India since 1865…
- D2C space loses sheen as scaling-up challenges rise 13 January 2025, financialexpress.com Once seen as the future of retail, the direct-to-consumer (D2C) segment seems to be losing its sheen. With Hindustan Unilever (HUL) reportedly in buyout talks with Minimalist, a Jaipur-based skincare brand, for Rs 3,000 crore, the sector’s challenges in scaling up are under scrutiny. Amid plateauing sales and dwindling funding, D2C startups face an uphill task to sustain growth…
- Godrej Properties launches its first project in Hyderabad 13 January 2025, realty.economictimes.indiatimes.com Situated on about three acres of land with an estimated booking value of approximately Rs 1,300 crore, Godrej Madison Avenue will feature 1.2 million sq ft of saleable area…
- Small small but premium: FMCG bets on ‘access packs’ to boost demand 11 January 2025, retail.economictimes.indiatimes.com Companies like Hindustan Unilever, Britannia, ITC, and Colgate Palmolive are introducing smaller, lower-priced packs of premium products to boost demand in urban markets. This strategy aims to attract price-sensitive consumers and increase accessibility amid weak urban demand. Smaller packs are helping drive trial, push impulse purchases, and prevent customers from switching to lower-priced local brands…
- FHRAI to approach Commerce Ministry against Q-commerce apps by food aggregators 11 January 2025, retail.economictimes.indiatimes.com While NRAI has decided to approach CCI against Zomato and Swiggy, FHRAI has decided to knock on the doors of the Commerce Ministry against what they allege is gross violation of e-commerce rules by two key market place players…
- Singapore, US and Canada dominate foreign investments in Indian real estate market in 2024: Report 11 January 2025, realty.economictimes.indiatimes.com These three countries cumulatively contributed more than 25% of the total equity investments in the country’s real estate in 2024…
- Mercedes to expand in India’s smaller cities as younger generations splurge 11 January 2025, brandequity.economictimes.indiatimes.com Germany’s Mercedes-Benz plans to add 20 more dealerships or service outlets in India by 2025, focusing on smaller cities with increasing luxury demand. This follows a year of record sales driven by new car launches and a growing portfolio of electric vehicles…
- Futurecasting: How will the consumer change in 2025? 08 January 2025, brandequity.economictimes.indiatimes.com The world is moving at the speed of the algorithm and new trends have come to the fore. As brands vie to stay relevant, Gaurav Kumar and Shalini Avadhani, lead creative strategists from Godrej Creative Lab, the in-house creative studio of Godrej Consumer Products, examine some cultural and behavioural foresights that they see and decode what these could mean for brands in the new year. ..
- Music for the win: How brands are leveraging concerts 08 January 2025, brandequity.economictimes.indiatimes.com From Benetton to Bacardi, Cadbury to Bisleri, Mokobara to Nissan, Levi’s to Maybelline — some of the biggest brands today across categories have found new love while marketing at live celebrity concerts, capitalising on the dazzling setups, high-voltage music and captive audiences. But, as brands pull out all the stops to take home a slice of fan frenzy, are returns forthcoming? Ratna Bhushan finds out…
- Reliance launches ‘Raskik’ after fizzing up market with revival of Campa Cola 08 January 2025, brandequity.economictimes.indiatimes.com Reliance Consumer Products Limited has entered the rehydration market with the launch of RasKik Gluco Energy, a drink combining electrolytes, glucose, and real lemon juice priced at Rs 10. The product targets individuals needing energy and hydration during physical activities. This marks a step in RCPL’s strategy to become a comprehensive beverage and consumer products company…
- 10-min delivery is providing a ‘quick’ boost to FMCG brands in India 08 January 2025, brandequity.economictimes.indiatimes.com Quick commerce is crucial for FMCG companies in India, making up 35% of their e-commerce revenue. Platforms like Blinkit, Zepto, Instamart, and BBnow are key. Companies like Nestle and ITC see significant growth through these platforms. Quick commerce platforms offer better inventory and delivery services compared to traditional stores. Large FMCG brands benefit from lower commission rates…
- Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Report 08 January 2025, brandequity.economictimes.indiatimes.com India’s quick commerce sector is expected to grow 75% YoY in 2025, expanding beyond groceries into new categories and cities, particularly tier-2 and smaller cities. The sector’s advantages—proximity, competitive pricing, and wide selection of products—are driving its popularity. D2C brands and FMCG companies are thriving on quick commerce platforms, reshaping India’s retail landscape…
- 2024: The beginning of the end of marketing gimmicks 08 January 2025, brandequity.economictimes.indiatimes.com In 2024, Indian advertising has transformed. Brands now focus on authenticity, transparency, and genuine engagement. Shock value is out, and meaningful interactions are in. Companies must align all departments with the brand’s message. Humor is lighter, and metrics focus on engagement, not followers. The future of marketing values honesty over hype…
- Consumers drinking less often but premium: Bacardi India MD 08 January 2025, retail.economictimes.indiatimes.com For Bacardi, premium products like Grey Goose, Bombay Sapphire, Patrón, and Dewar’s Scotch continue to grow strongly, while some standard brands are experiencing slower growth, Golikeri said adding that the impact of inflation is more pronounced in the value segment, which has been compressed…
- Reliance Consumer Products enters rehydration category 07 January 2025, retail.economictimes.indiatimes.com Reliance Consumer Products Ltd has launched ‘RasKik’ as a master brand for juices and functional drinks, aiming to become a total beverage and consumer products company. RasKik offers mango, apple, mixed fruit, coconut water, and nimbu pani variants. The company is focusing on providing accessible and quality fruit-based drinks, inspired by Indian regional preferences…
- Small packs in demand as FMCG companies hike prices 07 January 2025, retail.economictimes.indiatimes.com Indians are opting for smaller consumer goods packs as inflation in groceries and household supplies puts a strain on budgets. Categories like soaps, snacks, and tea are significantly affected. Companies respond with price hikes to address rising commodity costs, leading consumers to adjust their purchasing habits to smaller quantities…
- Union Minister Pralhad Joshi asks BIS to weigh mandatory hallmarking of silver jewellery 07 January 2025, retail.economictimes.indiatimes.com Consumers are urging that the Bureau of Indian Standards (BIS) make hallmarking for silver jewellery mandatory, stated Minister Pralhad Joshi on the 78th BIS foundation day. Currently, hallmarking is only compulsory for gold jewellery. Since mandatory hallmarking began in June 2021, over 442.8 million gold items have been marked officially…
- Post-Adani exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio 06 January 2025, retail.economictimes.indiatimes.com Adani Wilmar Ltd (AWL) is leveraging its dominant edible oil business to drive growth in its high-margin FMCG portfolio following the Adani Group’s exit. With a 24% FMCG business growth in volume and a strong distribution network, AWL plans to introduce more global brands into the Indian market…
- Health, fitness products fly off the shelves at D2C, quick commerce 06 January 2025, retail.economictimes.indiatimes.com D2C brands and quick commerce platforms are experiencing a surge in demand for health and fitness products as consumers focus on fitness and personal wellbeing. Companies like Healthify and Boldfit report significant revenue increases, and fitness wearables and protein-based items see heightened sales, particularly in Tier II and Tier III cities…
- India readies Rs 25,000 cr boost for its electronics components industry 06 January 2025, retail.economictimes.indiatimes.com The finance ministry has approved an incentive scheme worth nearly $3 billion aimed at boosting domestic manufacturing of electronics components. The scheme is expected to increase local production of components and subassemblies, with a goal of significantly reducing import dependency and enhancing local value addition to 35-40% within its tenure…
- Consumer rage in the age of social media 06 January 2025, brandequity.economictimes.indiatimes.com Marketers must use new strategies such as AI and MarTech to manage consumer rage. Brand authenticity, credibility, and customer satisfaction should be maintained. Monitoring customer sentiments across platforms is essential. Cognitive dissonance post-purchase can be managed through digital campaigns. Constructive criticism should be encouraged to strengthen the brand. These combined initiatives are critical in this era of unpredictability…
- 2025 Outlook: Consumer durable cos betting on ‘remarkable growth’ in 2025 on premium, feature-led products; no price action as yet 06 January 2025, financialexpress.com The consumer durable and electronics industry is poised for remarkable growth in 2025, driven by adoption of premium, value added, feature-led products and will be fueled by policies like the Production-Linked Incentive (PLI) scheme on the supply side…
- Watch it! India having a better time than China with luxury timepiece revolution 04 January 2025, retail.economictimes.indiatimes.com Sales of luxury watches in India are hitting record demand in 2024, with significant growth in metro and smaller cities. Brands like Rolex, Montblanc, and Rado report strong performances, driven by rising income levels and an affluent class. Competitive pricing and brand expansion are making these premium timepieces more accessible…
- India’s smartphone market on track to cross highest-ever value of $50b in 2025: Counterpoint Research 04 January 2025, thehindubusinessline.com India’s smartphone market is on track to achieve its highest-ever value in 2025, crossing $50 billion or around ₹4,28,900 crore, and this milestone will be driven by a value-centric approach from smartphone original equipment manufacturers (OEMs) and a rising consumer push towards higher-specification devices…
- Kolkata F&B brands strike gold with sky-high sales in December 04 January 2025, brandequity.economictimes.indiatimes.com Kolkatans enjoyed a thriving dining scene in December 2024, driven by concerts, extended restaurant hours, and high footfall from NRIs and travelers, resulting in a 27% increase in festive business compared to previous years, with Christmas and New Year’s Eve being the busiest days…
- Level of discounting in India is not sustainable, says Samsonite CEO 04 January 2025, brandequity.economictimes.indiatimes.com Discounting levels in India’s luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Industries in revenue last fiscal year. New entrants like Mokobara and Uppercase offer discounts impacting industry profits. Despite growth, VIP’s profits fell sharply. Samsonite reported a sales and profit increase. India’s luggage industry growth will reduce due to a high base and increased competition…
- Small town sales join the big league 02 January 2025, retail.economictimes.indiatimes.com Sales of smartphones, laptops, washing machines, and TVs are rising in smaller Indian towns, bridging the gap with larger cities. The trend is driven by urbanization, nuclear families, and consumer finance. Increased rural market consumption and solar panel savings also contribute. Government schemes and SUV demand further boost rural spending…
- How DLF Malls are leading India’s retail and lifestyle evolution 02 January 2025, indiaretailing.com DLF Malls undoubtedly has led the retail transformation in India, redefining how people interact with shopping spaces through their curated luxury malls and premium retail destinations. Established in 1946 by Chaudhary Raghvendra Singh, DLF began with developing 22 urban colonies in Delhi…
- Dear customer, AI knows what you want before you do 02 January 2025, brandequity.economictimes.indiatimes.com Hyper-personalisation leverages AI to gather and analyse customer data, offering highly customised shopping experiences. By tracking behaviours and preferences in real-time, companies like Amazon and Spotify can make precise recommendations. AI synthesises data for actionable insights, enhancing marketing, customer support, and product development, ultimately building trust and loyalty with consumers…
- SPPL targets 1 mn TV sales in 2025, expands capacity and global brand licenses 02 January 2025, brandequity.economictimes.indiatimes.com The Noida-based company, which has a portfolio of global brands including, Thomson, Kodak, Blaupunkt, White-Westinghouse and White-Westinghouse (Trademark of Electrolux), plans to add licensing rights for two more global brands in the Indian market. Besides, it also plans to enter into new categories like refrigerators and expand its play in appliances, including washing machines, coolers, and more. “In 2024, we are closing around 6,00,000 units of TVs, and next year’s target is 1 million,” Marwah told PTI…
- Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025 02 January 2025, brandequity.economictimes.indiatimes.com The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. ..
- Ikea India’s losses swell, sales growth falls to 6-year low 30 December 2024, retail.economictimes.indiatimes.com Ikea’s India sales have grown by 5% in FY24, marking its slowest expansion since entering the market six years ago. The net loss widened by 15% due to large investments. Ikea continues to invest in India, aiming to open more stores and serve 200 million people by 2025…
- Jewelbox plans to add 25 stores next year; eyes Rs 150 crore revenue in FY26 30 December 2024, retail.economictimes.indiatimes.com Jewelbox, a lab-grown diamond jewellery brand, plans to add 25 more stores by 2025, expanding its offline presence from the current 8 stores. The company aims to achieve Rs 150 crore in revenue by FY 2025-26. Jewelbox has seen significant growth in monthly revenue and is in talks to raise more funds to support its expansion…
- Country’s liquor companies may approach FSSAI for separate standard for Indian single malt whisky 30 December 2024, retail.economictimes.indiatimes.com Indian liquor makers are seeking a separate standard for Indian single malt whisky from the FSSAI. This will help maintain its reputation as these whiskies gain international recognition. The industry is also applying for a geographical indication tag, enhancing credibility. The segment is experiencing about 30 percent growth, driven by premiumisation trends…
- Flying Machine’s bold revival: Arvind Fashions targets Gen Z with Orry and ‘Damn Hot’ transformation 30 December 2024, brandequity.economictimes.indiatimes.com MD and CEO of Arvind Fashions, Shailesh Chaturvedi, says the “comprehensive transformation” is an attempt to revitalise Flying Machine. ..
- Urban-rural consumption gap closes further in 2023-24 28 December 2024, retail.economictimes.indiatimes.com Consumption inequality between rural and urban India decreased in 2023-24, with notable increases in Monthly Per Capita Consumption Expenditure (MPCE) in both areas. Non-food items continued to dominate expenditures. Government support contributed to rural growth, and social welfare programmes impacted overall consumption patterns…
- Over 20 states’ consumption spend higher than national avg: Report 28 December 2024, retail.economictimes.indiatimes.com Sikkim had the highest monthly per capita consumption expenditure among Indian states for 2023-24 in both rural and urban areas. Chhattisgarh had the lowest. Over 20 states and union territories recorded higher expenditure than the national average. Meghalaya had the largest urban-rural gap. Kerala had the smallest gap among states, while Lakshadweep had the smallest among union territories…
- Limelight Diamonds aims to open 7 retail stores; inaugurates first outlet in Chennai 28 December 2024, retail.economictimes.indiatimes.com Limelight Diamonds has opened its first store in Chennai, its 23rd in India, as part of its expansion plan. The Mumbai-based lab-grown diamond brand aims to open seven more stores by year-end. The company notes a 15-20 per cent annual growth in the lab-grown diamond sector, driven by increased customer awareness and affordability…
- A Blue Ocean for the Movie Biz: Repositioning Cinema 28 December 2024, brandequity.economictimes.indiatimes.com Movies are a sanctuary for the soul. The concept of “Spiritual Cinema”—curated film experiences that focus on healing, transcendence, and community connection—offers a transformative pathway for cinemas to become sanctuaries for the soul. This blue ocean strategy not only redefines the purpose of the cinema but also opens a compelling avenue for growth in an industry searching for renewed relevance…
- Southern states steal the show in monthly household spending: Survey 28 December 2024, business-standard.com Southern India is leading in monthly per capita consumption expenditure (MPCE) with the five states of Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka significantly surpassing the national average, according to the Household Consumption Expenditure Survey 2023-24, released on Friday…
- Luxury on wheels: Over 6 high-end cars sold every hour in India in 2024 28 December 2024, business-standard.com India witnessed a significant rise in the sale of luxury cars with over six vehicles priced above Rs 50 lakh sold every hour in 2024. This marks a sharp increase from just two cars sold per hour five years ago, driven by robust demand at the premium end of the market and an expanding affluent consumer base, according to a report in The Economic Times…
- Can’t spell iPhone without India: Country set to become tech giant’s third-biggest market by 2026 27 December 2024, retail.economictimes.indiatimes.com India is set to become Apple’s third-largest market by 2026, with significant growth in iPhone sales driven by easier financing, festival discounts, and a move towards premium products. Apple’s Indian market is expanding while its share in China is shrinking due to Huawei’s resurgence…
- Jubilant Foods signs MoU with Coca-Cola for purchase of beverages & food products 27 December 2024, retail.economictimes.indiatimes.com Jubilant Food Ltd (JFL) has signed an MoU with Coca-Cola to purchase and market its sparkling beverages and other products. This move comes after JFL’s parent company, Jubilant Bhartia Group, acquired a 40% stake in Hindustan Coca-Cola Beverages. JFL, which operates Domino’s Pizza and other QSR brands, previously partnered with PepsiCo…
- Fascinating orders on Quick commerce platform in 2024: Delhi customer spent Rs 20 lakh in a year 27 December 2024, retail.economictimes.indiatimes.com In 2024, India’s affinity for quick deliveries grew, with consumers spending heavily on Swiggy Instamart. Delhi and Dehradun led in spending, while items like milk and dosa batter were most popular. Unique expenditures included Rs 8.3 lakhs on gold for Dhanteras and Rs 35,000 on mangoes in Hyderabad. Traditional celebrations also boosted demand significantly…
- Electronics goods emerge as fastest growing segment in India’s exports 27 December 2024, retail.economictimes.indiatimes.com Electronics goods have emerged as the fastest-growing segment in India’s export basket as new manufacturing capacities have come up in the country driven by the success of the Centre’s production-linked incentive (PLI) scheme…
- UP entity illegally using out tradename, ED action not linked to us: Kalpataru Group 27 December 2024, realty.economictimes.indiatimes.com The Enforcement Directorate had on December 19 issued a statement to say that it seized Rs 1.02 crore in cash after it conducted searches at multiple locations in Uttar Pradesh in an alleged Ponzi scheme linked money laundering case against “Kalpataru Group of companies.”..
- Fast, faster, fastest: How 2024 put more speed into your shopping 27 December 2024, brandequity.economictimes.indiatimes.com 2024 marks a significant year for quick commerce in India, with major players like Swiggy, Flipkart, Myntra, Amazon, Tata, Nykaa, Zomato, and Zepto driving rapid growth and innovation. Companies are launching ultra-fast delivery services, expanding offerings, and securing substantial investments to compete in this dynamic market…
- The new face of Indian luxury: From elite exclusivity to aspirational access 26 December 2024, brandequity.economictimes.indiatimes.com India’s luxury market is set to expand to USD 85–90 billion by 2030, driven by economic growth and shifting consumer attitudes. The rise of the middle class and digital access to luxury brands are key factors, along with a focus on sustainability and experiential luxury…
- Work or play? The rise of online ‘kidfluencers’ is raising complex legal and ethical questions 26 December 2024, brandequity.economictimes.indiatimes.com An influencer (child or adult) with more than one million followers can earn upwards of $20,000 for one sponsored post, while a person with under 100,000 followers on a social media platform may still earn as much as $4,000 for each sponsored post. But the rise of kidfluencers around the globe raises questions about the blurred lines between play and labour, independence and control, privacy, profit and online success…
- Ola marks 4,000-store milestone with tier-3 town EV network expansion 26 December 2024, business-standard.com Ola Electric on Wednesday said it now has 4,000 stores across the country, marking a four-fold jump from the earlier reported figure of 800 on December 2 of this month. The company said it has added 3,200 new stores to its existing network in less than a month…
- Tata Sons may infuse fresh funds into ecomm arm only by mid-2025 26 December 2024, retail.economictimes.indiatimes.com Tata Sons plans to infuse capital into its ecommerce business, Tata Digital, only by mid-2025, with a focus on internal funding and debt until then. The strategy emphasizes growth, better execution, and sustainable profitability, with BigBasket eyeing an IPO and significant growth in standalone revenues for FY24…
- Online electronics sale quickens through shift to qcomm 23 December 2024, retail.economictimes.indiatimes.com Online electronics sales are booming in India. Quick commerce platforms are delivering appliances fast. Consumers are comfortable buying large items online now. Online sales grew from 32% to 34% this year. This represents an ₹11,000 crore shift. Smartphones still dominate online sales. However, other electronics are gaining traction…
- L’Oreal in talks to buy Migros’ South Korean cosmetic unit: sources 23 December 2024, retail.economictimes.indiatimes.com L’Oreal in talks to buy Migros’ South Korean cosmetic unit, sources say. A spokesperson for Migros said it did not comment on market rumors. L’Oreal did not respond to multiple requests for comment. Mibelle acquired its stake in South Korean Gowoonsesang Cosmetics, which sells skin care products under the Dr.G brand, in 2018. In February, Migros announced a strategic review for Mibelle Group, saying it wanted to find a new owner for the business. ..
- Japan’s furniture retailer Nitori enters India market 23 December 2024, retail.economictimes.indiatimes.com Nitori, Japan’s largest furniture and home furnishing retailer, has launched its first Indian store in Mumbai’s R City Mall. This marks Nitori’s entry into the Indian market as part of its global expansion strategy, aiming for 3,000 stores worldwide by 2032…
- Japan’s furniture retailer Nitori enters India market 23 December 2024, retail.economictimes.indiatimes.com Nitori, Japan’s largest furniture and home furnishing retailer, has launched its first Indian store in Mumbai’s R City Mall. This marks Nitori’s entry into the Indian market as part of its global expansion strategy, aiming for 3,000 stores worldwide by 2032…
- Empowering brands with traceability and anti-counterfeit technologies 23 December 2024, brandequity.economictimes.indiatimes.com Smart packaging is revolutionizing industries, offering track-and-trace capabilities and real-time data sharing. This technology optimizes supply chains, enhances inventory management, and combats counterfeiting through RFID, NFC, and blockchain. Authentication features build consumer trust, while tamper detection ensures product integrity. Smart packaging is poised to become a key competitive advantage for businesses, driving growth and customer satisfaction…
- Tata Power says AI AI Santa in Christmas ad 23 December 2024, brandequity.economictimes.indiatimes.com Rediffusion’s RAID Studio has produced an AI-generated Christmas commercial for Tata Power. The video extends Tata Power’s “Duniya Apne Hawale” campaign theme. It features young children protecting the planet with Santa Claus. Even the music was AI-generated. The commercial had a lot of attention to detail with even Indian skin tones being matched using prompts…
- YouTube Shorts Mania: Biggest trends that shaped India’s pop culture in 2024 21 December 2024, brandequity.economictimes.indiatimes.com Over 70 billion YouTube Shorts videos are consumed daily. Here are the top ten viral trends on its platform that shaped Internet culture in 2024. These trends dominated online chatter and ranging from pop culture, news to motivation capturing the wide gamut of emotions shared by Indian audiences…
- Cadbury Bournville inspires one to live fully in the moment 21 December 2024, brandequity.economictimes.indiatimes.com The new campaign ‘Don’t Rush It’ encourages consumers to immerse themselves in the richness of the present by embracing the unrushed experience of the Intense Bournville Dark Chocolate…
- Haldiram Snack to invest Rs 300 crore in Bihar; will set up manufacturing plant 21 December 2024, retail.economictimes.indiatimes.com Haldiram Snack is set to spice up Bihar’s economy with a Rs 300 crore investment in a new manufacturing plant. The 12-acre facility in Bihta, slated to open by mid-2027, will produce the company’s popular sweets, namkeens, and snacks. This move comes as part of Bihar Business Connect 2024, which has attracted a staggering Rs 1…
- Tea, India’s favourite, is officially a “healthy” beverage 21 December 2024, retail.economictimes.indiatimes.com The Indian Tea Association (ITA) welcomed the U.S. FDA’s recognition of tea as a “healthy” beverage, allowing manufacturers to label products as such if they meet updated criteria. Highlighting tea’s antioxidant-rich profile and health benefits, ITA sees this as a significant moment, promoting Indian tea globally as a nutritious and cherished beverage for informed consumers…
- Popees Baby Care to expand with 42 new stores nationwide 21 December 2024, thehindubusinessline.com Popees Baby Care, a leading baby care products retailer, plans to add 42 new stores in FY26, bringing its total to 118 stores. The expansion will largely be in Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, with one store each in all metros and other large cities in the country…
- Luxury must be kept affordably exclusive 21 December 2024, retail.economictimes.indiatimes.com The luxury industry, heavily reliant on its wealthiest clientele, is facing a potential crisis as rising prices deter consumers, particularly in China. To maintain exclusivity and value, brands must strategically adjust volumes and cater to a broader, yet still affluent, customer base by offering more accessible luxury items without compromising quality…
- Tata Consumer Products denies exit claims of Starbucks from India 20 December 2024, retail.economictimes.indiatimes.com Refuting the rumors, TATA Starbucks also stated, “Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. TATA Starbucks currently operates more than 470 stores in 76 cities across India, which continues to be a key growth market for Starbucks globally.”..
- Godrej Consumer ranks among top 3 FMCG cos on Dow Jones Sustainability Index 20 December 2024, retail.economictimes.indiatimes.com Godrej Consumer Products Limited achieved a top-three global ranking on the 2024 Dow Jones Sustainability Index. The company also debuted on the DJSI World Index for Consumer Goods. GCPL’s MD & CEO emphasized the importance of sustainability to the company. He highlighted their 2025-26 environmental goals. These include greener products, Net Zero emissions, and remaining water positive…
- Seeing low-income consumers squeezed, retailers target $10 and under gifts 20 December 2024, retail.economictimes.indiatimes.com For retailers and toymakers, selling a bounty of cheaper gifts aimed at consumers earning $50,000 or less helps boost volumes and sales in the key holiday period that is five days shorter than last year and forecast to be lackluster…
- Velocity launches Rs 200 cr fund for restaurants and cloud kitchens 20 December 2024, retail.economictimes.indiatimes.com Velocity has pledged ₹200 crore to bolster the expansion of Indian restaurants and cloud kitchens in 2025. The company aims to capitalize on the growing food delivery market, projected to reach ₹9 trillion by 2030, by partnering with brands like IDC Kitchen and Jamie’s Pizza…
- SC upholds classification of pure coconut oil as edible oil in Marico case 20 December 2024, brandequity.economictimes.indiatimes.com The Supreme Court dismissed the Central Excise Commissioner’s appeal against Marico and its job workers, upholding the classification of pure coconut oil as edible oil. This affirms the Tribunal’s order and exempts Marico from ₹66.77 crore in excise duty previously sought by the CCE under the hair oil category for the 2005-2007 period…
- Disruptive 10-mins deliveries now spread to food businesses as well 20 December 2024, business-standard.com Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms…
- TheDigiPlus Fest 2024: The unexplored territory of bite-size storytelling 19 December 2024, brandequity.economictimes.indiatimes.com Short-form video has unlocked a new world of possibilities for brands. Brands attempting to force-fit 30-second ads into the SFV format are bound to fail. Compelling, narrative-driven content is the way forward, and brands must continually experiment with new storytelling methods to engage audiences. Beyond driving media spends, a comprehensive SFV content strategy is essential for brands aiming to cut through the clutter…
- India presents a tough battleground for Walmart 19 December 2024, brandequity.economictimes.indiatimes.com Walmart’s Flipkart IPO faces delays amidst India’s complex e-commerce regulations, potentially pushing it to 2026. While regulatory scrutiny targets foreign-backed platforms, hindering Walmart’s expansion while benefiting domestic competitors like Mukesh Ambani’s retail operations. A potential Trump administration could pressure India for concessions, impacting the future of US retail investment in the country…
- True blue tradition: how Japan’s coveted jeans are made 19 December 2024, brandequity.economictimes.indiatimes.com Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. The market for Japanese jeans “has grown in the last 10 to 15 years”, said Michael Pendlebury, a tailor operating a repair shop in Britain called The Denim Doctor…
- Ola to go live pan-India soon on ONDC in F&B category 19 December 2024, brandequity.economictimes.indiatimes.com Ola will soon offer food and beverages throughout India on ONDC. Uber is considering joining ONDC for transit and bus services. ONDC aims to empower drivers and boost local economies. The network’s expansion could significantly impact India’s digital commerce landscape. ONDC plans to implement network fees to become self-sustaining…
- Ikea’s playful new campaign encourages spontaneity 19 December 2024, brandequity.economictimes.indiatimes.com The campaign’s tagline, “Don’t commit to any plans. Ikea Sale is on,” playfully suggests that sometimes the best moments are unplanned. The two films that form part of the campaign showcase humorous scenarios where people drop everything to take advantage of the Ikea Sale. In the first film, a magician’s assistant disappears during a trick, only to be found happily shopping at Ikea. In the second, a boss is discovered enjoying a shopping spree at Ikea instead of attending a surprise retirement party…
- Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun 19 December 2024, livemint.com Mumbai, Dec 18 (PTI) Radhakishan Damani-promoted Supermarket chain Dmart has emerged the most-valuable Indian company founded by a self-made entrepreneur post-2000 with a valuation of ₹3.42 lakh crore, as per data released by Hurun on Wednesday…
- Medusa Beverages targets ₹1,200 crore revenue by 2029 with expansion plans 19 December 2024, thehindubusinessline.com Delhi-based beer company Medusa Beverages is looking to clock in ₹1,200 crore in revenue by 2029, said Avneet Singh, its founder and CEO. In FY25, the company intends to make ₹180 crore, he added…
- Sales dip at 60% of Mumbai’s offline groceries as q-commerce grows: Study 19 December 2024, business-standard.com A majority of offline grocery stores in Mumbai say their sales have declined and most attribute the trend to the so-called dark stores of quick commerce (QC) companies, according to a dipstick study by JP Morgan…
- The LEGO Group launches Christmas themed PLAYgrounds across three cities 18 December 2024, brandequity.economictimes.indiatimes.com The LEGO Group returns with its Winter PLAYgrounds now with a festive christmas theme, it aims to spark creativity and foster playtime in line with its belief that play is a superpower. Coming directly to three Indian cities, Delhi, Mumbai and Chennai…
- Reliance is bringing back Shein products in India; but with a Big Desi twist 18 December 2024, retail.economictimes.indiatimes.com Chinese fast-fashion giant Shein will return to India through a partnership with Reliance Retail, following a 2020 ban. Shein will act as a technology provider, while Reliance Retail controls operations and data, ensuring all information remains within India under strict security measures. This collaboration aims to boost local manufacturing and create jobs…
- Louis Vuitton Moët Hennessy continues riding on premumization wave, enters luxury tequila category with Volcan de Mi Tierra 18 December 2024, retail.economictimes.indiatimes.com Currently, the luxury tequila has been launched in three markets – Mumbai, Goa, and Gurgaon along with airports and will be soon available in Delhi and Kolkata…
- Cafe Delhi Heights eyes 120 outlets, Rs 500 crore revenue by 2028 18 December 2024, retail.economictimes.indiatimes.com When asked about funds to expand, Vikrant Batra, founder, Cafe Delhi Heights said, “Till now, we have been bootstrapped, and seeing the demand for the brand, it cannot be funded internally. So, we’re looking out for options for external funding. We are looking forward to diluting between 20-30 per cent of our equity.”…
- Magicpin enters instant food delivery segment 18 December 2024, retail.economictimes.indiatimes.com The firm has entered the quick delivery sector with a 15-minute food delivery service. Food delivery service will be provided within a 1.5 km to 2 km radius. Initial launch will be conducted in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune…
- Taiwanese laptop maker MSI begins India manufacturing with Chennai facility 18 December 2024, retail.economictimes.indiatimes.com There will be two locally-produced laptop models – the MSI Modern 14 and MSI Thin 15. The company said in a statement that in order to enhance the accessibility of products in India, MSI is increasing the number of touchpoints, including more laptop brand stores and availability at Croma and Reliance Retail…
- Zomato, Swiggy shares in focus as GST council considers cutting food delivery GST to 5% 18 December 2024, retail.economictimes.indiatimes.com Shares of Zomato and Swiggy are likely to remain in focus due to the GST Council’s potential tax cut on food delivery charges by e-commerce platforms to 5%, effective from January 2024. Zomato’s shares closed 2% higher, while Swiggy’s surged 11.7%…
- Smartphone market stays below pandemic levels, concerns remain 18 December 2024, livemint.com India’s $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself. While a mid-single-digit growth in volume of smartphone shipments has been projected for the year, the overall demand from consumers in the long run remains a concern as India eyes a $500-billion electronics economy by 2030…
- Bihar sees 15-fold jump in data consumption, state goes big on infra 18 December 2024, business-standard.com Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and road networks, its Chief Secretary Amrit Lal Meena said. ..
- Tata faces pressure in Starbucks joint venture as consumers cut back 17 December 2024, retail.economictimes.indiatimes.com Tata Consumer Products, facing reduced foot traffic in its Indian Starbucks cafes, will adjust short-term expansion plans while maintaining its 2028 goals. The company also anticipates double-digit revenue growth in the latter half of the fiscal year, but profits will likely be squeezed by rising raw material costs, including tea…
- Haldiram’s Stake Sale: Blackstone said to emerge as lead bidder 17 December 2024, retail.economictimes.indiatimes.com Blackstone, potentially partnering with GIC and ADIA, is in advanced talks to acquire a 20% stake in Haldiram Snacks for approximately $1.6 billion. This deal could value the Indian snack giant at $8 billion. While other bidders remain interested, a final agreement may be reached in the coming weeks…
- Cheaper 5G smartphones ramp up volumes 17 December 2024, retail.economictimes.indiatimes.com Average selling prices (ASPs) of mobile handsets stayed flat at about $258 in the first three quarters of calendar 2024, helping volumes grow 6% on-year to 46 million units, according to market researcher IDC. However, higher volume at flat ASPs led to a modest 6% growth in industry revenue in the September and June quarters to $11.86 bn, halving from a 12% growth in Q1 2024…
- Luxury brands bet on India’s nouveau riche 17 December 2024, brandequity.economictimes.indiatimes.com Global luxury brands are increasingly targeting India’s burgeoning high-net-worth individuals, driven by growth potential and a slowdown in China. Several brands are expanding or entering the Indian market, capitalizing on rising affluence and a growing appetite for luxury goods. The luxury retail market in India is projected to reach $14 billion by 2032…
- Benepik reports 200% increase in sales during festive season 17 December 2024, brandequity.economictimes.indiatimes.com Rewards, loyalty and corporate gifting solution provider Benepik has witnessed a massive surge in demand for personalised and meaningful corporate gifts this year, serving over 2 lakh customers during the festive season. Clients also leveraged Benepik’s consumer loyalty offering to boost sales and consumer retention through first-party data collection and insights…
- 40 Indian startups secure over $787 million in funding last week 16 December 2024, retail.economictimes.indiatimes.com In a significant week for the Indian startup ecosystem, nearly 40 startups secured more than $787 million in funding as the economy remained resilient amid the geo-political conditions…
- India now an anchor market, says PepsiCo 14 December 2024, brandequity.economictimes.indiatimes.com PepsiCo bets big on India for future growth. The company is restructuring its international beverages business. This will include PepsiCo’s India-listed bottling franchise partner Varun Beverages Ltd. The International Beverages Region will oversee all franchisees of PepsiCo’s beverage businesses. India is one of 13 key markets for PepsiCo. The snack and beverage giant faces competition in India. PepsiCo’s India operations reported double-digit growth. The company aims to strengthen its beverage business globally…
- Bleak urban demand to weigh on FMCG in ’25 14 December 2024, brandequity.economictimes.indiatimes.com India’s urban middle class is cutting back on spending due to job losses and inflation, impacting consumer goods companies. Rural demand is strong, but insufficient to offset the urban slowdown. Companies are struggling with rising commodity costs and may implement further price hikes, potentially worsening the situation. It is the lower middle class that has borne the brunt of challenging macroeconomic conditions. Kantar describes this consumer cohort as those engaged in high grade blue collar jobs or low grade white collar jobs, with most households owning a motorcycle or other two wheelers…
- Fast fashion players such as M&S, Zara, H&M see fall in sales growth on spending woes 14 December 2024, retail.economictimes.indiatimes.com Over the past few years, top global apparel and fast fashion brands struck a strong chord with young customers, racking up sales growth of between 40% and 60% in FY23, bucking the trend in a market where the overall demand for discretionary items started slowing down. This has reversed now…
- Indians turning clock back on smartwatches; shipments fall 45%YoY in the September qtr 14 December 2024, retail.economictimes.indiatimes.com Indians are rediscovering the charm of analogue watches. Smartwatch sales are declining. Consumers want simpler, more elegant timepieces. Excessive notifications and health tracking contribute to this shift. Titan, a major watch seller, is seeing strong analogue watch sales growth. Timex Group has also reported record sales. ..
- Reliance Retail launches LED TVs in partnership with Harman 14 December 2024, thehindubusinessline.com Reliance Retail, has launched a range of six indigenously-developed, made-for-India Home Theatre LED televisions in partnership with audio equipment specialist, HARMAN, the company said in a release…
- F&B pricing key strategy for smaller theatres to bolster footfalls 13 December 2024, livemint.com This strategy can help them in the long run at a time that national multiplex chains have drawn much flak for exorbitant concessions and eventually help bolster footfalls especially among a lower paying clientele…
- Malls feel the chill as brands start winter sale early 13 December 2024, retail.economictimes.indiatimes.com Mall operators are urging retailers to postpone their end-of-season sales to January. Several retailers began discounting early due to concerns about unsold winter inventory and a shorter shopping season. This early start impacts mall revenues as they operate on a revenue-sharing model. Retailers hope the discounts will boost cash flow and increase revenue…
- Global SS Beauty Brands enters into private label segment with the launch of colour cosmetics brand Joyology 13 December 2024, retail.economictimes.indiatimes.com In the first phase, GSSB has launched 64 SKUs of Joyology and plans to take the total count to 150 SKUs over the next three quarters….
- India now an anchor market, says PepsiCo 13 December 2024, retail.economictimes.indiatimes.com PepsiCo bets big on India for future growth. The company is restructuring its international beverages business. India is one of 13 key markets for PepsiCo. The snack and beverage giant faces competition in India. PepsiCo’s India operations reported double-digit growth. The company aims to strengthen its beverage business globally….
- Mattlook Cosmetics eyes to be a Rs 500 crore brand by 2028 13 December 2024, brandequity.economictimes.indiatimes.com The bootstrapped colour cosmetics brand offers 1,200 SKUs. At present, 65 per cent of its revenue is contributed by tier II and beyond cities and the remaining 35 per cent comes from metro and tier I cities…
- Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm 12 December 2024, retail.economictimes.indiatimes.com Coca-Cola is selling a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for $1.47 billion. This marks Coca-Cola’s largest deal in India and could lead to HCCB’s local listing. Jubilant Bhartia, known for its Domino’s Pizza franchise, is expanding its beverage portfolio with this acquisition, potentially impacting Domino’s current beverage partnership with PepsiCo…
- Zepto to launch standalone app for 10-minute food delivery service 12 December 2024, retail.economictimes.indiatimes.com Aadit Palicha, CEO of Zepto, in a social media post, announced that the company is launching a separate app, called Zepto Cafe, the next week. He also added that although app might not be perfect from the first day, it is worth it to launch the app fast….
- FMCG sector needs to reignite volume expansion, embrace distribution innovation, say experts 12 December 2024, brandequity.economictimes.indiatimes.com “To stay competitive, companies must innovate, invest in digital capabilities, and adopt entrepreneurial operating models, while maintaining robust data strategies for personalized engagement,” Pidilite Managing Director Bharat Puri, who is also the chairman of the CII, FMCG National Committee, said….
- Parle tops Kirana survey as HUL and ITC slip; Retailers favor P&G, Colgate for sales support 11 December 2024, brandequity.economictimes.indiatimes.com A survey of Kirana retailers revealed their top sales representatives in 2024. Parle took the lead, while Hindustan Unilever and ITC fell in rankings. Hindustan Unilever faced distributor issues and product return concerns. ITC struggled with sales team retention. The survey analyzed communication, ethics, and customer support, among other metrics…
- Winter end of season sales begin; brands running discounting in-store and online 11 December 2024, brandequity.economictimes.indiatimes.com Indian brands launched winter sales earlier than usual. A warm November and weak demand prompted the move. Retailers aim to reduce excess stock and boost cash flow. Discounts are offered in stores and online. Companies hope sales will rise by 8-12% despite the shorter winter season. Some brands delayed sales due to recent temperature drops…
- California to consider requiring mental health warnings on social media sites 11 December 2024, brandequity.economictimes.indiatimes.com Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly”, according to 2022 data from the Pew Research Centre. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November…
- India rises above roti, kapda aur makaan. Where is it headed? 11 December 2024, retail.economictimes.indiatimes.com India’s consumption patterns are shifting from basic necessities to services like healthcare and education. The middle class is expanding rapidly, projected to reach 60% of the population by 2047, driving economic growth and potentially transforming India into a consumption powerhouse. This growth is fueled by increasing disposable incomes and an aspirational drive…
- BookMyShow profit increases 27% to Rs 109 crore in FY24 11 December 2024, financialexpress.com The firm’s revenue sources include online ticket bookings, turnkey ticketing solutions for concerts and events, software sales, advertisement and subscription contracts…
- Meesho sees 3.2 crore shoppers on branded products vertical ‘mall’ 09 December 2024, retail.economictimes.indiatimes.com Meesho has been luring D2C brands to sell on its platform, offering them foray into new pin codes in the value market. The company has onboarded over 1,000 brands under its Mall vertical…
- Restaurants body cautions members of aggregator disruption in dine-in space 09 December 2024, retail.economictimes.indiatimes.com The National Restaurant Association of India (NRAI) cautioned its members about the potential downsides of deep discounting and data control by food delivery platforms like Swiggy and Zomato. The NRAI raised concerns about aggregators leveraging customer data for their own brands and employing aggressive discounting tactics that could harm restaurants’ long-term viability. The CCI is currently examining these issues…
- Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows 09 December 2024, retail.economictimes.indiatimes.com Walmart, Shein, and Temu achieved record-breaking Black Friday and Cyber Monday sales, outperforming struggling retailers like Target and Best Buy. Amazon also saw strong growth, driven by popular items like Fire TVs and Shark vacuums. Temu and Shein experienced double-digit percentage growth, while Best Buy faced sales declines despite investor optimism…
- The Scent Lingers: Online perfume sales in India flourish, rising 25-30% in the last year 09 December 2024, retail.economictimes.indiatimes.com India’s perfume market is witnessing a boom, with online sales soaring 25-30% and the market estimated at ₹4,500 crore. The shift towards premium fragrances is driving growth, attracting international brands and prompting local players to expand their offerings…
- Govt contemplating to make hallmarking of gold bullion mandatory: Consumer Affairs Secy Nidhi Khare 08 December 2024, retail.economictimes.indiatimes.com The Indian government is considering mandatory hallmarking for gold bullion to ensure quality throughout the supply chain. This follows the successful hallmarking of over 40 crore gold jewelry items. Regulations for lab-grown diamonds are also being developed as the sector’s market size is projected to reach USD 134 billion by 2030…
- Milaf Cola: Saudi Arabia launches world’s first date-based soft drink. Is it a threat to Coca Cola and Pepsi? 08 December 2024, retail.economictimes.indiatimes.com Saudi Arabia has launched world’s first soft drink made purely out of dates, known as Milaf Cola. Milaf Cola has no added sugar and harnesses health benefits of dates, manufacturer Thurath Al-Madina said. Milaf Cola says it is an alternative to other conventional sodas without compromising on its flavour. The company says Milaf Cola adheres to all international food safety standards…
- Physical stores are preferred by 90% Indian Retailers across generations: Study 08 December 2024, retail.economictimes.indiatimes.com A NeoGrowth study reveals most Indian retailers favor physical stores. Retailers are using digital tools and government programs to boost growth. Customer satisfaction and financial success are key goals. Referrals and enhanced storefronts attract customers. Retailers plan to expand product offerings and explore new markets. India’s business environment is viewed positively…
- Bitter chocolate: Sales of toffees and candies slow down as rising prices lead buyers to exercise discretion 08 December 2024, retail.economictimes.indiatimes.com Chocolate and candy sales growth slowed in India during the last fiscal year. Major confectionery companies saw reduced growth. Mondelez and Perfetti experienced a significant drop. Hershey’s sales declined. Mars also saw minimal growth. The slowdown is attributed to inflation and increased competition. The snacking boom, fueled by the pandemic, seems to be ending…
- From algorithms to audiences: The rise of AI in brand narratives 08 December 2024, brandequity.economictimes.indiatimes.com Generative AI is changing how brands tell stories in India. AI helps create personalised ads in many languages. This is important because India has many different languages. The government is supporting AI technology. Brands must be careful about how they use AI. AI must respect Indian culture. AI can be good for business if used responsibly…
- Christmas Retail Displays: 43 Creative Ideas & Examples 06 December 2024, fitsmallbusiness.com According to a Small Business Now report1, 75% of retail small businesses rely heavily on holiday sales to meet annual revenue goals—going as far as saying holiday sales take up at least 50% of their annual revenue. Festive and eye-catching Christmas retail displays will convince more shoppers to buy from your stores, so you can get the much-needed boost in sales…
- Urban middle-class households shrink, rich club sees big jump 06 December 2024, retail.economictimes.indiatimes.com A new report reveals a widening socio-economic gap in urban India. Affluent households surged by 86% in 2024 compared to 2019, while lower and lower-middle-class households declined by 25%. This shift has led to stagnating urban consumption and weak demand for mass-priced goods, impacting FMCG companies reliant on urban markets…
- Myntra brings quick delivery to online fashion, launches 30-minute service 06 December 2024, retail.economictimes.indiatimes.com Myntra launches M-Now, a 30-minute delivery service for fashion and beauty products in Bengaluru. The service offers around 10,000 products initially, expanding to over 100,000 within months. Leveraging dark stores and brand partnerships, Myntra aims to cater to the rising demand for quick commerce in the fashion segment, competing with platforms like Blinkit and Zepto…
- Chicco shifts gears: Aims to double India revenue with 40 stores by 2027 06 December 2024, retail.economictimes.indiatimes.com The company which reported high 28 – 30 per cent growth in 2024 compared to 2023, is eyeing to double its turnover in the next 3 years, Rajesh Vohra, CEO, Artsana India (parent company of Chicco) said. ..
- OnePlus to invest Rs 6,000 cr in India biz over next 3 years 06 December 2024, retail.economictimes.indiatimes.com OnePlus is investing up to Rs 6,000 crore in its India operations over the next three years under ‘Project Starlight.’ The annual Rs 2,000 crore investment aims to enhance product innovation, improve customer service, and develop India-specific features, reinforcing the company’s commitment to the Indian market…
- Great Indian shopper goes silent while country may have two vicious circles to break 06 December 2024, retail.economictimes.indiatimes.com India’s recent economic slowdown, marked by a 5.4% GDP growth last quarter, has raised concerns. Lower government spending and contracting urban wages are contributing factors. This slowdown, impacting the urban middle class, could have significant political and economic consequences if it continues…
- K Raheja Corp buys two properties including Bayside Mall for Rs 355 crore in Mumbai 06 December 2024, realty.economictimes.indiatimes.com This is the second mall acquired by K Raheja Corp in south Mumbai this year after it purchased Central Mall, the country’s first mall, for Rs 476 crore from its erstwhile owner Kishore Biyani’s Bansi Mall Management Company. ..
- UK bans daytime TV ads for cereals, muffins and burgers 06 December 2024, brandequity.economictimes.indiatimes.com The UK government is banning daytime TV adverts for sugary foods like granola and muffins in its battle against child obesity, branding such popular items as junk food. “This government is taking action now to end the targeting of junk food ads at kids, across both TV and online,” said a media statement issued by the health secretary. ..
- From baggage to buggy-age: products as ‘transformers’ 06 December 2024, brandequity.economictimes.indiatimes.com And on one such flight as I equipped myself to wheel my hand baggage and my own tired self across the jogging track a fellow passenger and their hand baggage both smiled at me. Then the handle of the baggage was lifted. The passenger sat on the bag , started maneuvering the handle and the wheels started moving. The hand baggage became a mobility vehicle and they zoomed away towards immigration leaving me and my baggage both in shock. I had just witnessed a Beetle Bag transform into Bumblebee for those familiar with the Transformer series and characters. ..
- Brands lining up for Rs 3,000 cr splash at Maha Kumbh 05 December 2024, brandequity.economictimes.indiatimes.com Indian companies are set to spend ₹3,000 crore on branding and marketing at the Maha Kumbh in Prayagraj, seeing it as a significant consumption opportunity with 400 million expected attendees. Major brands from various sectors are planning extensive on-ground activations and consumer engagement strategies to maximize their visibility and connect…
- Learnings from Black Friday sales: Insights for Indian companies 05 December 2024, brandequity.economictimes.indiatimes.com Black Friday’s deep discounts are becoming a year-round trend in India, impacting both consumer behavior and business strategies. While boosting sales, constant discounts raise concerns about long-term sustainability and brand value. The article explores how businesses, especially smaller ones, can shift from discount-driven growth to strategies focused on customer loyalty, operational efficiency, and strategic partnerships for sustained success…
- iPhone sales in India cross $10 billion by value in 2024; Samsung 2nd best 05 December 2024, retail.economictimes.indiatimes.com Apple achieved record iPhone shipments in India, crossing $10.7 billion in value. This surpasses sales of Hindustan Unilever and Nestle combined. Apple widened its lead over Samsung in the Indian smartphone market. The company shipped over 4 million iPhones in the last quarter. Apple’s growth is driven by older models, discounts, and high resale value…
- As Ambani and Tata lock horns, Indian consumers set to gain 05 December 2024, retail.economictimes.indiatimes.com Reliance and Tata are once again competing in the Indian retail market, with Reliance Retail challenging Tata Group’s Zudio with its new brand, Yousta. Launched in August 2023, Yousta aims to tap into India’s rapidly growing value fashion segment, which is known for offering stylish and affordable apparel…
- BigMuscles Nutrition eyes Rs 300 crore revenue in 2025; plans to add 200 EBOs in next 2 years 05 December 2024, retail.economictimes.indiatimes.com BigMuscles Nutrition, a fitness supplement brand, aims to achieve Rs 300 crore revenue by 2025. Having reached Rs 150 crore in 2023, the company plans to expand its offline presence with 200 new exclusive outlets in tier 1 and 2 cities by 2026, adding to the existing 50. It also plans to expand in the international markets including Arab and other Asian countries…
- Coffee is a huge opportunity, scaling up Starbucks business: TCPL CEO & MD 03 December 2024, brandequity.economictimes.indiatimes.com Tata Consumer Products plans to expand Tata Starbucks cafes in India to 1,000 by FY2027-28, recognizing a significant growth opportunity in the under-penetrated coffee market. Despite increased short-term losses due to expansion, the company is confident in achieving long-term profitability and aims to grow its vending business, Tata MyBistro…
- Small town demand for premium phones to drive India sales: Oppo 03 December 2024, brandequity.economictimes.indiatimes.com According to latest data by research firm IDC, Oppo — which completes 10 years in India — was the second top-selling brand in India with a market share of 13.9% in the July-September quarter, growing 47.6% year-on-year…
- Gen Z fuels social commerce boom 03 December 2024, brandequity.economictimes.indiatimes.com Social media platforms like TikTok, Instagram, and Snapchat are becoming popular shopping destinations for Gen Z, driving the growth of social commerce in India. Gen Z values sustainability and social responsibility, making social commerce appealing due to its convenience and immediacy. Technologies like AI and AR, along with influencer endorsements, enhance shopping experiences, providing personalized and seamless interactions…
- 43% of consumers call out ineffective chatbots as their top online shopping frustration: Report 03 December 2024, brandequity.economictimes.indiatimes.com Online shoppers are increasingly frustrated with ineffective chatbots, with 43 per cent citing this as a major issue according to a Kapture CX poll. AI chatbots struggle with complex queries and lack empathy, leading to dissatisfaction. Consumers prefer a hybrid model combining AI efficiency with human support for complex issues, emphasizing the need for more advanced, context-aware AI solutions…
- Competition from new entrants biggest risk for market leaders 03 December 2024, retail.economictimes.indiatimes.com Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share…
- Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report 03 December 2024, retail.economictimes.indiatimes.com In an era where online retailers dominate the market, brick-and-mortar electronic retailers in India continue to report healthy profitability, says a report by Nuvama…
- Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report 03 December 2024, retail.economictimes.indiatimes.com Retail space leasing in India’s major cities increased by nearly 5% from January to September 2024, reaching 5.53 million square feet. The retail real estate sector shows strength due to rising consumer spending and evolving preferences. High street leasing rose to 3.82 million square feet, although mall space absorption decreased to 1.72 million square feet…
- ICRA expects sequential revenue growth for India Inc in Q3 03 December 2024, retail.economictimes.indiatimes.com Kinjal Shah, Senior Vice President and Co-Group Head — Corporate Ratings, ICRA — said while corporate India witnessed a muted sequential revenue growth in Q2 FY2025, led by the ongoing slowdown in urban demand, lower government spending amid monsoon-related disruptions, the same is expected to improve in the upcoming quarters…
- Malls may cut multiplex space as cinema-led revenues shrink 28 November 2024, realty.economictimes.indiatimes.com Mall developers are reducing multiplex spaces in future projects due to declining footfall and revenues. Multiplexes now contribute only 6-7% of mall traffic, compared to 10% previously. The rise of OTT platforms and a lack of compelling content are cited as key reasons, prompting developers to allocate more space to other entertainment and F&B options…
- What Black Friday’s history tells us about holiday shopping in 2024 28 November 2024, brandequity.economictimes.indiatimes.com Industry forecasts estimate that 183.4 million people will shop in U.S. stores and online between Thanksgiving and Cyber Monday, according to the National Retail Federation and consumer research firm Prosper Insights & Analytics. Of that number, 131.7 million are expected to shop on Black Friday. At the same time, earlier and earlier Black Friday-like promotions, as well as the growing strength of other shopping events (hello Cyber Monday ), continue to change the holiday spending landscape…
- Food items may shed weight in CPI basket 28 November 2024, retail.economictimes.indiatimes.com A revision of India’s Consumer Price Index (CPI) is underway, potentially reducing the weightage of food items. This change, based on the latest Household Consumption Expenditure Survey, could lower both headline inflation and its volatility. Experts suggest this shift reflects changing consumption patterns and may lead to more stable inflation readings, closer to the RBI’s 4% target…
- The Common Man of TOI takes on conmen for NPCI 28 November 2024, afaqs.com In a series of comic strips created by indie agency tgthr, The Times of India’s septuagenarian cartoon hero warns readers about the increasing prevalence of digital scams…
- After Cola push, Reliance in ‘disruptive’ mode, again 27 November 2024, retail.economictimes.indiatimes.com Reliance Consumer Products offers double margins to distributors. The company aims to boost sales of its grocery and daily essentials. RCPL brands are priced lower than competitors. This strategy creates a price war. The company focuses on general trade channels. It offers support for distributor sales forces…
- Meesho launches Gen AI voice bot, reduces costs by 75% 27 November 2024, retail.economictimes.indiatimes.com Meesho launched a multilingual Gen AI-powered voice bot to improve customer support. The bot supports Hindi and English, handling 60,000 calls daily, resulting in 10% higher customer satisfaction and 75% lower call costs. Meesho plans to expand language support and manage all post-order queries via the bot within a year, while upskilling employees for complex calls…
- FMCG companies quick to profit from rising star of ecommerce 27 November 2024, retail.economictimes.indiatimes.com Consumer goods companies are experiencing higher profits through quick commerce compared to traditional channels. This is due to increased sales of premium products, lower distribution costs, and shorter credit periods. Companies are directly supplying quick commerce platforms, bypassing distributors, leading to improved margins and efficient inventory management…
- Retailers target brisk biz with Black Friday sale 27 November 2024, financialexpress.com Brands like H&M, Zara, Uniqlo, Samsung, Sony, Adidas, and Puma have taken centre stage this year with campaigns promoting their Black Friday sales…
- A cocktail lab in India tests the future of drinking worldwide 27 November 2024, brandequity.economictimes.indiatimes.com Diageo’s Flavor Lab in Bangalore, India, is experimenting with unique cocktail creations using local ingredients like dukshiri and sarsaparilla. The lab, located within a hospital, serves as a research and development center for Diageo, aiming to cater to India’s growing affluent consumer base and potentially introduce Indian craft spirits to the global market…
- Future of food delivery lies in hyperlocal, tech-enabled rapid delivery systems 27 November 2024, brandequity.economictimes.indiatimes.com Swish, a Bengaluru startup, promises hot meals in 10 minutes through optimized cloud kitchens. Swish controls the entire process, from preparation to delivery. The company plans to expand across Bengaluru and other major Indian cities. Swish aims to become the leading rapid delivery service in India. The idea behind Swish began with a simple observation: while quick commerce had rewritten the rules of retail play, 30-60 minute timelines continued to be the norm in food delivery…
- Quick commerce firms dangle discounts for bulk buys above Rs 1,000 cart size 26 November 2024, retail.economictimes.indiatimes.com Quick commerce platforms are shifting gears, encouraging bulk purchases by offering higher discounts for larger cart sizes. These companies are now offering higher-than-usual discounts on minimum orders of Rs 1,000-1,500, with the aim to improve unit economics…
- Do CEOs active on social media pose a risk to company’s goodwill? 26 November 2024, brandequity.economictimes.indiatimes.com Zomato CEO Deepinder Goyal’s recent hiring criteria and subsequent retractions highlight a growing trend of CEOs facing backlash for social media posts. While responsiveness is important, repeated incidents can impact a company’s reputation, attract regulatory scrutiny, and even affect stock valuation, as seen with Ola Electric and Paytm. Zomato rolled back its plan to colour code its veg fleet following social media backlash to Goyal’s previous day’s announcement of the plan…
- How brands added colour to Black Friday festivities 26 November 2024, exchange4media.com Retailers such as Flipkart, Nykaa and Croma have been offering exclusive offers on gadgets and fashion with eye-catching campaigns to get customer attention…
- Is creativity logical, rule-breaking, or random by design? 26 November 2024, afaqs.com In advertising, creativity must balance logic and rule-breaking to stand out. It’s not enough to be right; you must disrupt conventions to capture attention and make an impact…
- Samsung Black Friday sale: Here are the top 5 smartphone deals 26 November 2024, indianexpress.com The Galaxy S and Galaxy Z series flagship smartphones are now available at all-time low prices as part of Samsung’s Black Friday sale…
- Luxury furniture brand Diviana to expand in Europe with €50 million investment 23 November 2024, retail.economictimes.indiatimes.com Indian luxury furniture brand Diviana is opening a flagship showroom in Milan’s Montenapoleone Fashion District. This is part of their €50 million European expansion plan, aiming to establish the brand as a leader in the contemporary luxury interiors market…
- India’s tech, durable offline retail market sees 10 pc growth amid rising rural consumption 23 November 2024, retail.economictimes.indiatimes.com Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday…
- Mall operators to see revenue growth of 10-12% in FY25: Report 22 November 2024, realty.economictimes.indiatimes.com High revenue growth last fiscal was driven by full-year contribution of malls launched towards the end of fiscal 2023, supplemented by the half year impact of those that were launched by mid last fiscal; on a like-to-like basis, revenue growth remained stable at ~5%…
- ‘Sin tax’ on sparkling drinks takes a toll on Parle Agro profit: Joint MD 22 November 2024, brandequity.economictimes.indiatimes.com ”The decision to place fruit-based, non-caffeinated sparkling drinks in the sin tax category, taking GST on Appy Fizz up by to four times from 12% to 40%, had a massive impact on the overall business, which is dependent on specific price points,” Nadia Chauhan, joint managing director at Parle Agro, told ET. “This forced us to reduce the serving size to consumers,” she added…
- Bestseller India CEO and Country Head Vineet Gautam to step down 22 November 2024, brandequity.economictimes.indiatimes.com Vineet Gautam, CEO & Country Head of Bestseller India, is stepping down after 15 years. Gautam played a key role in establishing brands like Jack & Jones and Vero Moda in India. Bestseller’s CEO expressed gratitude for Gautam’s contributions and affirmed the company’s commitment to the Indian market. Mrithyunjay Amblimath, head of sales, will assume the role of interim leader…
- Tata CLiQ rebrands to Tata CLiQ Fashion 22 November 2024, retail.economictimes.indiatimes.com Tata CLiQ, the e-commerce platform, has undergone a rebranding, changing its name to Tata CLiQ Fashion. This shift also marks a move away from a broader marketplace approach to a more focused platform specializing in fashion and lifestyle products. The company aims to enhance the shopping experience with new features like virtual try-on and hyper-personalization…
- Uniqlo India aims to touch Rs 1,000-cr sales mark in FY’25, to increase local sourcing 22 November 2024, retail.economictimes.indiatimes.com Uniqlo India plans to achieve Rs 1,000 crore sales target in the current fiscal year. The company will expand its retail presence and increase local sourcing to 18% by 2025. Uniqlo India reported 30% growth last year and expects similar growth this year. The company sees strong growth potential in the Indian market…
- How Citykart is eyeing to become the Primark of India? 22 November 2024, retail.economictimes.indiatimes.com As India is becoming more fashionable, aspirational, and affluent, along with an improvement in the spending power of consumers, Citykart is planning to focus more on affordable fashion with global appeal…
- Indians prefer Q-commerce for daily essentials, physical stores for high-value buying 22 November 2024, retail.economictimes.indiatimes.com Quick commerce is the favoured mode to buy daily essentials for Indians, with 85 per cent of respondents choosing it for food and grocery purchases, a survey showed on Thursday…
- Consumers prepone wedding gold buys fearing further price hikes 22 November 2024, retail.economictimes.indiatimes.com Gold prices in Kolkata surged to ₹76,559 per 10 grams on Thursday, driven by fears of escalating tensions between Russia and Ukraine. This prompted consumers to rush to jewelry stores and place advance orders for the upcoming wedding season, anticipating further price hikes…
- Damson Technologies to invest Rs 200 crore to set up manufacturing facility in Gujarat; targets Rs 800 crore revenue in FY25 22 November 2024, retail.economictimes.indiatimes.com Damson Technologies will invest Rs 200 crore in a new manufacturing facility in Ahmedabad, Gujarat. The facility will focus on producing audio systems and home entertainment devices. It will have a monthly capacity of 1 million units. Moving forward, it aims to achieve a revenue target of Rs 800 crore this fiscal. The project is expected to create 500 direct jobs…
- India’s luxury Jewelry market is undeveloped: Adeesh Nahar 21 November 2024, brandequity.economictimes.indiatimes.com Rosa Amoris, founded by Adeesh Nahar, aims to redefine luxury jewelry in India with bespoke, high-quality diamond collections. Focused on brand building through social media and word of mouth, the brand plans to expand in India and the Middle East while maintaining a commitment to client satisfaction…
- Zara owner Inditex boosts fast fashion flights from India to avoid shipping delays 21 November 2024, brandequity.economictimes.indiatimes.com Zara’s parent company, Inditex, has significantly ramped up its use of air freight to transport clothing from Indian factories to Spain, aiming to circumvent shipping delays. While this strategy mitigates logistical challenges, it raises concerns about the environmental impact, potentially hindering Inditex’s goal of halving its indirect emissions by 2030…
- Subway to double its store count in India: Global CEO 21 November 2024, retail.economictimes.indiatimes.com The brand is betting big on India as it believes the country has the potential to continue staying as its number 2 growth market across the world in terms of the number of stores it is opening…
- Sanjay Dutt’s whisky brand The Glenwalk crosses 50,000 cases sales; targets 3 lakh cases by next fiscal 21 November 2024, retail.economictimes.indiatimes.com The Glenwalk, a premium Scotch whisky brand, has sold over 600,000 bottles within seven months of this fiscal, with Maharashtra emerging as its leading market. Aiming for a 500% sales increase, the brand plans to expand its presence to over 18 states and five countries…
- Restaurant chain Sigdi aims to open 100 outlets by 2026 21 November 2024, realty.economictimes.indiatimes.com Sigdi, a non-vegetarian fine dining restaurant chain, is on track to open its 100th location by next year. With ambitious expansion plans for both domestic and international markets, the company aims to surpass Rs 100 crore in revenue. Sigdi recently addded two new outlets in Anand, Gujarat, and Mira Road, Maharashtra…
- South Korean regulator cracks down on Chinese e-commerce platforms 21 November 2024, retail.economictimes.indiatimes.com South Korea’s antitrust regulator said on Wednesday it has issued corrective orders on 47 unfair terms and conditions found in the operations of two major Chinese e-commerce platforms, AliExpress and Temu…
- 4 Lakh jobs by 2025: Quick commerce boosts hiring as dark stores multiply 21 November 2024, retail.economictimes.indiatimes.com Blinkit, Zepto, and Swiggy Instamart are aggressively expanding their workforce, aiming to hire over 4 lakh people by March 2025. This hiring spree is fueled by the rapid growth of dark stores and expansion into new categories, marking a 60 per cent increase in their workforce…
- The Saree Renaissance: What marketers can learn from a 4,000-year-old product 21 November 2024, exchange4media.com Guest Column: Manisha Kapoor, CEO & Secretary General of ASCI, writes on how saree as a product is experiencing a revival & the power of product upgrades For the past month, a particular saree and I had been stalking each other online…
- China’s Beijing, Shanghai announce tax breaks to boost property markets 20 November 2024, realty.economictimes.indiatimes.com Other major Chinese cities are widely expected to follow suit and the measures come on the heels of some tax breaks on home and land transactions unveiled by China’s finance ministry last week…
- Construction of new office space down by 4% in Q2 FY25: Vestian 20 November 2024, realty.economictimes.indiatimes.com Bengaluru’s share in absorption rose significantly from 25% in Q2 FY25 to 36% in Q3 FY25. And has 6.63 million sq ft absorption in Q3 FY25 while Hyderabad followed with 2.79 million sq ft. The share of Mumbai was reduced from 20% to 12% during the same period…
- Grocery chains vie for a place on Thanksgiving tables 20 November 2024, brandequity.economictimes.indiatimes.com While consumer perceptions of grocery prices is based on the cost of staples like eggs and milk, “the Thanksgiving meal has become essentially a new benchmark,” Jason Goldberg, chief commerce strategy officer at Publicis Groupe, a global marketing and communications company. It’s the occasion for the second-largest holiday meal for retailers behind the feasts that accompany the winter holidays. Compared with an average, Thanksgiving meal shopping delivered a $2.4 billion sales lift during the week before and after the holiday last year..
- AI vs the ‘Gut Marketer’ 20 November 2024, brandequity.economictimes.indiatimes.com The world of marketing is buzzing with algorithms, each hinting at a faster, smarter future. But this author believes that the answer isn’t to replace brand marketers with ‘AI prompters’ but about finding the right balance between tech, intuition and creativity. In this column, he explains why the ‘gut marketer’ still has a creative edge over machines…
- Marriages and shopping in Oct-Dec may spur 40% hike in spends, boost retail demand 20 November 2024, realty.economictimes.indiatimes.com Retailers in India are anticipating a surge in sales during the second half of the financial year due to the increase in weddings. With 47 auspicious wedding days between October and March, businesses are expecting a 40% increase in spending compared to last year, driven by a higher number of weddings and increased spending per wedding…
- Zomato expects food delivery business to grow 30% annually over 5 years, exec says 20 November 2024, retail.economictimes.indiatimes.com Zomato’s food delivery business accounts for about 58% of its topline with the gross order value – encompassing food price, platform fees and delivery charges – at 322.24 billion rupees ($3.82 billion) last fiscal year, marking an average annual growth of 30% over the last four years…
- Shanghai to reduce taxes on real estate transaction from December 1: State media 19 November 2024, realty.economictimes.indiatimes.com China has been aiming to bolster the crisis-hit property market by increasing demand and easing developers’ financial difficulties, with its finance ministry last week unveiling tax incentives on home and land transactions…
- ED uncovers Amazon and Flipkart’s direct links with sellers 19 November 2024, retail.economictimes.indiatimes.com The Enforcement Directorate (ED) has uncovered evidence suggesting that Amazon and Flipkart exert significant control over their preferred sellers. Investigations revealed close ties between these sellers and the e-commerce giants, with evidence suggesting control over inventory, pricing, and profits. The ED is preparing a formal complaint alleging violations of foreign investment laws…
- ETRetailCafe: Forum Malls’ Md Ali on evolving role of marketing, impact of tech on malls 19 November 2024, retail.economictimes.indiatimes.com Muhammad Ali, CEO of Forum Malls, Prestige Group shares how consumer needs are evolving and how they have taken charge to define the success of any mall. He also discussed the evolving role of marketing and impact of tech on the success of malls…
- Makers of Simba beer foray into liquor space with ZigZag vodka 19 November 2024, retail.economictimes.indiatimes.com Currently, the brand has been launched in 3 states – Chattisgarh, Goa, and Delhi. The brand has launched it in four options – original, lime, orange, and green apple. These variants will be available in 3 sizes – 750ml, 375ml, and 180ml…
- Zepto ramping up café business; eyes Rs 1,000 ARR in next financial year 19 November 2024, retail.economictimes.indiatimes.com This comes at a time when Swiggy’s 10-minute food delivery service Bolt is active in key markets of Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune, and food-delivery startup Swish, which operates several cloud kitchens in Bengaluru’s HSR Layout and Bellandur areas, is bringing snacks, beverages, and meals in 10 minutes to customers…
- Small, homebred wearables brands exiting market due to narrow margin, Chinese competition 19 November 2024, retail.economictimes.indiatimes.com Several Indian wearable brands, including Play, Wings, Vingajoy, and Riversong, have ceased operations due to declining demand and low profit margins. The once-booming smartwatch market has shrunk, with fewer brands and a drop in shipments, particularly among those selling unbranded products from China. This decline coincides with the resurgence of Chinese brands capitalizing on the market shift…
- Decathlon partners with Myntra to expand reach across India 19 November 2024, retail.economictimes.indiatimes.com Sankar Chatterjee, CEO of Decathlon India said, “Myntra’s wide network presence and huge base of premium customers will enable us to showcase our diverse range of sports and fitness products to millions of shoppers, allowing us to inspire more individuals to embrace an active lifestyle and stay true to our purpose of moving people through the wonders of sports in India.”…
- Branded as tasteful, we can serve it up 18 November 2024, brandequity.economictimes.indiatimes.com India’s diverse culinary heritage needs protection from globalization. The article proposes a system of geographical indication and standardized processes for traditional recipes, similar to France and Japan. This approach empowers local communities, preserves culinary traditions, and boosts tourism by creating a sustainable ecosystem around artisanal food…
- How malls strategize to blend experience, tech & community building – with Rajneesh Mahajan, Inorbit Malls 18 November 2024, retail.economictimes.indiatimes.com In this episode, CEO of Inorbit Malls, Rajneesh Mahajan shares his insights with ETRetail’s Anurag Sharma on how malls are transforming to meet the demands of today’s experience-driven, digitally-savvy consumers. With topics ranging from the rise of “retail-tainment” to the role of technology and data in enhancing customer engagement, this conversation will uncover the strategies Inorbit Malls is implementing to foster community, support new-age D2C brands, and bridge the online and offline shopping worlds…
- Focus must be to move per capita consumption: Colgate India MD 18 November 2024, retail.economictimes.indiatimes.com In India, oral care consumption is very low and even markets such as the Philippines consume 1.8 times and Brazil 3.1 times compared to India. The company said oral health in India is often neglected and consumers don’t take preventive action until it’s too late. More than half the people do not brush daily in Indian villages and just a fifth brush twice a day in the cities. Eight out of 10 people have undiagnosed cavities, with only one out of 10 people going to the dentist…
- Zomato launches District app for movies, events, dining out bookings 18 November 2024, retail.economictimes.indiatimes.com Zomato’s new app, District, for its going-out vertical, includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. Zomato aims to create ‘super brands’ instead of ‘super apps’…
- India to be in focus for high-street fashion manufacturers: Report 18 November 2024, retail.economictimes.indiatimes.com India is poised to become a major player in the global fashion market, attracting high-street brands seeking growth and manufacturing opportunities. McKinsey & Company reports that India’s expanding middle class, young demographics, and government incentives are driving this surge in the fashion sector…
- Fragrances segment grows at 12% in Jan-Sept, nearly double the expansion in personal care, as demand jumps and cos hike reach: Report 18 November 2024, retail.economictimes.indiatimes.com Despite an overall decline in consumer spending, the fragrance industry in India is experiencing remarkable growth. Driven by increased distribution and a growing interest in personal grooming, sales of fragrances, particularly roll-on deodorants, have surged…
- Online spends through credit cards rose sharply in festive sale season 18 November 2024, retail.economictimes.indiatimes.com Credit card users in India spent more online in September, driven by e-commerce discounts and festive sales. Online card spending reached Rs 1,15,168 crore in September, surpassing in-store spending. E-commerce platforms like Flipkart and Amazon saw significant sales growth, particularly in mobile phones and electronics. ..
- India’s wine industry set to more than double in size by 2028, riding a 20% CAGR, says report 18 November 2024, thehindubusinessline.com The Indian wine industry, currently around ₹1,400 crore or $175 million in size, is one of the fastest-growing alcobev segments, according to a report by Prowess Group. The segment is expected to grow at a compound annual growth rate (CAGR) of 20 per cent to reach ₹3,500 crore or $440 million by 2028…
- Blackstone eyes 20% stake in India Haldiram’s snacks at $8 bln valuation, sources say 15 November 2024, retail.economictimes.indiatimes.com Blackstone has shifted gears in its pursuit of Haldiram’s snacks business, aiming for a 20% stake at a $8 billion valuation after plans for a majority acquisition fell through. Haldiram’s, seeking a $12 billion valuation, has also drawn interest from other potential investors, including Bain Capital, Temasek, and ADIA…
- Gold buying for weddings slows as consumers expect further fall in price 15 November 2024, retail.economictimes.indiatimes.com Indian consumers are holding back on purchasing gold jewelry for the upcoming wedding season, anticipating a further dip in prices. The price of gold has already fallen over 6% since Trump’s election victory, attributed to a strengthening dollar. While jewelers are hesitant to restock, some experts predict another price correction before a potential surge in January or February…
- India festive season sales log 12 pc growth at Rs 1.18 lakh crore, smaller cities lead 15 November 2024, retail.economictimes.indiatimes.com Driven by tier 2 and 3 cities, India’s e-commerce sector registered a gross merchandise value (GMV) of approximately $14 billion (more than Rs 1.18 lakh crore) in this year’s festive season, marking a 12 per cent growth over last year’s festive period, a report said on Wednesday…
- Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says 15 November 2024, retail.economictimes.indiatimes.com Sales of personal luxury goods are projected to decline by 2% this year, marking the industry’s weakest performance since the 2008-09 financial crisis. This downturn, attributed to price increases and economic uncertainty, has particularly impacted China, a key market for luxury brands. The shrinking customer base and shift towards higher price points have prompted concerns about the industry’s recovery timeline…
- SKFS acquires Mirah Hospitality to grow its food services business pan-India 15 November 2024, retail.economictimes.indiatimes.com SKFS Group is expanding its food services business with the acquisition of Mirah Hospitality & Gourmet for ₹80 crore. Mirah Hospitality, known for brands like Rajdhani and Hitchki, will become a subsidiary of SKFS Group and aims to expand pan-India and internationally. This deal reflects a broader trend of consolidation in the Indian food and beverage sector, fueled by growing competition and a burgeoning market projected to reach ₹7 lakh crore. ..
- India’s smartphone market to exit 2024 with single-digit annual growth 15 November 2024, retail.economictimes.indiatimes.com India’s smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report…
- The evolving relationship Indians have with money 15 November 2024, brandequity.economictimes.indiatimes.com It’s a new era of spending, savoring and surprising twists. Raised with frugal values, Indians always emphasised saving over spending, yet there are examples of planning a luxury vacation in their 70s. This unexpected shift is symbolic of a broader change in India’s relationship with money: where once prudence ruled, we now see growing comfort with spending, adventure, and embracing life’s finer experiences…
- Not buying shoes? Bata India MD Gunjan Shah says inflation has hit lower-price segment customers 14 November 2024, retail.economictimes.indiatimes.com Bata India is adjusting its strategies due to changing consumer spending patterns. The company is introducing more affordable products and partnering with quick commerce platforms like Zepto to cater to budget-conscious consumers while continuing its premiumization efforts and offline expansion plans…
- Quick Commerce captures nearly half of Kirana sales; market projected to hit $40 billion by 2030 14 November 2024, retail.economictimes.indiatimes.com India’s quick commerce market is booming and is set to reach USD 40 billion by 2030. This surge is driven by consumer demand for fast deliveries, with 46% of consumers reducing their reliance on traditional Kirana shops. Quick commerce platforms are projected to capture 21% of total Kirana sales by 2024…
- A winter wish to warm up buyers 14 November 2024, retail.economictimes.indiatimes.com Indian retailers are preparing for the upcoming winter shopping season despite a slowdown in consumer spending. They are ensuring ample inventory to avoid missing sales opportunities. While demand for winter wear has been unpredictable in recent years, retailers remain optimistic about sales. They are hoping for a strong winter to boost sales of seasonal products…
- After e-commerce, it’s time for gCommerce: Nazara, ONDC launch new in-game shopping platform 14 November 2024, retail.economictimes.indiatimes.com Nazara Technologies and ONDC partnered to launch gCommerce. The platform will integrate e-commerce within games. It will provide Indian game developers with new revenue options. gCommerce will connect players to sellers on the ONDC network. Players can shop without leaving the game. The platform will roll out for developers by Q1, FY26…
- Amazon launches an online discount storefront to better compete with Shein and Temu 14 November 2024, retail.economictimes.indiatimes.com In a blog post on Wednesday, the company said the new Amazon Haul storefront will mostly feature products that cost less than $10 and offer free delivery on orders over $25…
- Wrangler launches six new stores, aims 60 new outlets by 2025 14 November 2024, retail.economictimes.indiatimes.com Wrangler has expanded its retail footprint in India with the inauguration of six new stores. Located in Ujjain, Goa, Indore, Bilaspur, Katihar, and Bareilly, these additions bring Wrangler’s total store count to 58 across India…
- India Glycols partners Amrut Distilleries, plans to demerge spirits biz 14 November 2024, retail.economictimes.indiatimes.com As part of its strategy to enter the premium whisky market — that is witnessing the fastest growth in the alchoBev segment — IGL will distribute and sell select Amrut brands in the premium segment across markets in north India…
- Elista targets Rs 1,500 crore revenue by 2026 14 November 2024, retail.economictimes.indiatimes.com Indian consumer electronics brand Elista plans to expand globally. The company aims to generate Rs 1,500 crore in revenue by 2026. Elista will expand its presence in over 35 countries in the next two years. The brand recently entered the Tanzanian market…
- Fake clicks, real problems: Addressing the bot-click apocalypse 14 November 2024, brandequity.economictimes.indiatimes.com Email marketers face a new challenge: bot clicks. These automated clicks can inflate metrics and hurt campaigns. Marketers are learning to analyze click timing and segment their audience to combat this. Email verification tools are also becoming increasingly important. Despite these challenges, marketers are adapting to ensure accurate reporting and effective campaigns…
- Housing costs keep consumers away from biscuits: Britannia’s Varun Berry 14 November 2024, brandequity.economictimes.indiatimes.com Britannia Industries reported a 10% drop in profit for the quarter ended September as surging housing costs and low income growth in urban areas led to a slowdown in demand for fast-moving consumer goods. While rural demand has been stable, urban demand has seen a significant downturn, mirroring global trends of consumer confidence returning but wages lagging behind inflation…
- FSSAI sets this 45-day expiry condition for e-commerce companies 14 November 2024, brandequity.economictimes.indiatimes.com India’s food safety authority, FSSAI, has set new guidelines for online food platforms like Swiggy, Zomato, and BigBasket. The platforms must ensure delivered food products have at least 30% of their shelf life remaining or 45 days before expiry. This initiative aims to prevent the delivery of expired food and promote safe food handling…
- Reliance Retail shutting down Centro outlets temporarily 14 November 2024, brandequity.economictimes.indiatimes.com Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold…
- Reliance Retail shutting down Centro outlets temporarily 13 November 2024, retail.economictimes.indiatimes.com Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold…
- FSSAI steps up scrutiny on quick commerce companies over product shelf life 13 November 2024, retail.economictimes.indiatimes.com India’s food safety regulator directed e-commerce and quick commerce companies to follow shelf life guidelines for packaged food deliveries. The regulator emphasized a minimum remaining shelf life of 30% or 45 days upon delivery. This action follows complaints about companies not disclosing expiry dates. The regulator stressed the importance of clear expiry dates and adherence to labeling regulations…
- Bhutani Group acquires Logix City Center in Noida 13 November 2024, retail.economictimes.indiatimes.com Bhutani Group acquired Logix City Center for nearly Rs 1,000 crore. The deal includes 1.2 million sq ft of retail, office and hospitality space. Bhutani Group also secured land with potential for a 600,000 sq ft residential project. The company recently won a bid to develop Film City near Noida’s upcoming airport…
- Colgate will be a preferred choice in the market amid rising snacking culture, says CFO Jacob 13 November 2024, retail.economictimes.indiatimes.com Colgate-Palmolive India is experiencing growth in the expanding oral care market. The company reported a 10% rise in revenue. However, it recognizes market difficulties like fluctuating demand and rising costs. Colgate remains dedicated to improving oral health awareness in India. It aims to achieve this through education and product innovation. The company is focused on sustainability and social responsibility initiatives…
- Government mulls 5% cut in electronics imports to boost domestic production from FY25: sources 13 November 2024, retail.economictimes.indiatimes.com Although stakeholder discussions are still going on, the 5% cut of the total import quota will be implemented from April 1 of the upcoming fiscal. This cut is based on the data provided by the Directorate General of Commercial Intelligence and Statistics…
- Rajasthan government plans to develop hi-tech city near Jaipur 13 November 2024, realty.economictimes.indiatimes.com Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur…
- Nestle’s KitKat signs Formula 1 deal for broader appeal 13 November 2024, brandequity.economictimes.indiatimes.com ”(The deal is) a key part of our strategy to move from what’s a very local model today, very fragmented,” said Chris O’Donnell, KitKat’s global category leader, declining to disclose the monetary value of the deal. KitKat’s global marketing budget has risen nearly 20% so far this year, and the brand is valued at over 2 billion Swiss francs ($2.29 billion) worldwide, O’Donnell said…
- Trump effect: iPhone’s India output may double to $30 billion annually 11 November 2024, retail.economictimes.indiatimes.com Apple could double its iPhone production in India to over $30 billion annually if the US imposes tariffs on Chinese imports. This shift could create 200,000 jobs and increase India’s share in iPhone production to over 26%. However, the move depends on US policy and India’s ability to address cost and policy challenges…
- Mukesh Ambani’s big move: Reliance enters snack market to challenge Haldiram & Britannia 11 November 2024, brandequity.economictimes.indiatimes .com Reliance Industries chairman Mukesh Ambani is planning big about the snacks business expansion. The company’s plan to enter into the consumer markets, especially snacks has triggered a competition…
- Why brand authenticity matters for brands 11 November 2024, brandequity.economictimes.indiatimes.com Expectations from a brand and the consequent brand evaluations are predominantly the result of brand positioning and subsequent brand proposition claims. While several perspectives are associated with Brand Authenticity, this is an attempt to provide illustrative examples of brand authenticity drawn from three different domains- namely functional, symbolic and experiential, as these form a fundamental platform on which brands make brand promises or claims that may drive brand authenticity…
- Retail space leasing in malls, main high streets falls 1% to 1.63 million sq ft during Jul-Sep 2024: Report 08 November 2024, realty.economictimes.indiatimes.com Real estate consultant Cushman & Wakefield on Thursday released its Q3-2024 ‘Retail Market Beat’ report, which highlighted a sustained momentum across India’s main streets, leading retail growth across the top 8 cities…
- Blackstone to acquire Retail Opportunity Investments Corp in $4 billion deal 08 November 2024, realty.economictimes.indiatimes.com Owners of strip malls, pharmacy chains and retail stores have managed to pass on increased costs from high inflation to consumers over the past year, benefiting landlords like ROIC…
- Brigade Group to jointly develop one million sq ft residential project in Chennai 08 November 2024, realty.economictimes.indiatimes.com The project, located in West Chennai will be developed as part of a 1.5 million sq ft mixed-use development and will have a gross development value (GDV) of about Rs 800 crore…
- ED searches sellers using Amazon, Flipkart platforms in FEMA probe 08 November 2024, retail.economictimes.indiatimes.com The action is related to the financial transactions being done by some of the “preferred” vendors and sellers who do business through Amazon and Flipkart like e-commerce platforms…
- Rural consumption grows double than urban market in Sep qtr: NielsenIQ 08 November 2024, retail.economictimes.indiatimes.com India’s fast-moving consumer goods market experienced growth in the third quarter. Rural areas drove this growth, surpassing urban areas in consumption. Small and medium FMCG companies rebounded, exceeding the growth of larger companies. The food segment played a significant role in this recovery. Volume growth showed improvement, particularly in essential food categories…
- Geopolitical turmoil weighs on McD’s sales in West, South India 07 November 2024, retail.economictimes.indiatimes.com McDonald’s sales in West and South India have been hit by geopolitical turmoil, with some stores seeing sales halved due to anti-American sentiment following the Israel-Gaza war. The company hopes to see improvement in the second half of the year as it believes the negative cycle is behind them…
- Premium choice! Delhi Govt to open more shops in malls for you to buy preferred brand of liquor 07 November 2024, retail.economictimes.indiatimes.com To enhance the liquor buying experience, the Delhi government is opening premium liquor stores in malls. These shops will offer a wider selection of upmarket Indian and foreign brands, replicating the successful model from the 2021-22 excise policy…
- India to see uptick in imported inflation 07 November 2024, financialexpress.com Besides pharmaceuticals, other export-oriented sectors, such as textiles, may face challenges due to potential increases in tariffs and a more protectionist stance from the Trump administration…
- IHCL acquires majority stake in Ambuja Neotia Group’s Rajscape Hotels 06 November 2024, realty.economictimes.indiatimes.com IHCL in an exchange filing stated that its board has approved the execution of an agreement to acquire about 55 per cent equity shares “for an amount not exceeding Rs 18 crore in Rajscape Hotels Private Limited”…
- More pain in store as FMCG prices inch up 06 November 2024, retail.economictimes.indiatimes.com While price increases will translate into value growth for FMCG players, volume growth will be a challenge. In fact, companies are feeling the pinch on the ground. While urban India is curtailing consumption due to high food inflation, rural spending is not compensating enough for the urban slowdown…
- With rising luxury spending abroad, luxury brands go extra mile to tap Indian travellers 06 November 2024, retail.economictimes.indiatimes.com Indian travelers are increasingly splurging on luxury goods while abroad, with spending in this category skyrocketing by 250% in recent years. Travel companies and luxury brands are responding by incorporating premium shopping experiences into their itineraries and offering exclusive perks to attract Indian shoppers…
- DeVANS plans to expand its liquor portfolio extensively by introducing gin, RTD and vodka 06 November 2024, retail.economictimes.indiatimes.com When asked about investments, Prem Dewan, CMD of DeVANS candidly said, “Investment is a continuous process for us towards expansion and product improvement. However, going public in another 4-5 years could be an option.”..
- Greenwashing rules push startups to reevaluate marketing and packaging strategies 06 November 2024, brandequity.economictimes.indiatimes.com The Central Consumer Protection Authority (CCPA) on October 15 introduced guidelines that restricted the use of such terms in advertisements unless backed by scientific evidence or third-party certification, aiming to promote transparency. Greenwashing, according to the government, is a tactic used by some companies to exaggerate or fabricate environmental claims. Firms often use vague terms such as ‘natural’, ‘sustainable’ or ‘eco-friendly’ without proof, misleading consumers and undermining real sustainability efforts…
- Many retailers offer ‘returnless refunds.’ Just don’t expect them to talk much about it 06 November 2024, brandequity.economictimes.indiatimes.com Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products. Companies such as Amazon, Walmart and Target have decided some items are not worth the cost or hassle of getting back. Think a $20 T-shirt that might cost $30 in shipping and handling to recover. ..
- Banner ad turns 30: How a simple rectangular ad transformed the marketing landscape 06 November 2024, exchange4media.com Banner ad’s journey serves as a reminder of how far digital advertising has come – from simple clickable rectangles to sophisticated, data-driven campaigns that prioritize personalization & engagement…
- Blackstone in talks to acquire Retail Opportunity Investments Corp in $3.4 billion deal 05 November 2024, realty.economictimes.indiatimes.com Blackstone is likely to prevail in the auction for ROIC that has also attracted interest from other private equity firms, including Bain Capital, the sources said…
- FSSAI sets stricter rule for antibiotics in food items 05 November 2024, brandequity.economictimes.indiatimes.com India’s food safety regulator, FSSAI, has revised antibiotic residue norms for meat, milk, poultry, eggs, and aquaculture to combat growing antimicrobial resistance. Effective from April 2025, the new limits aim to ensure safer food products by setting stricter contaminant limits, amid rising concerns over antibiotic misuse in agriculture and healthcare…
- Maruti Suzuki looks to cash in on ‘few lakh marriages’ in November to carry festive sales momentum 05 November 2024, brandequity.economictimes.indiatimes.com Maruti Suzuki India achieved record retail sales of 2,02,402 units in October, driven by festive demand. The company is optimistic about sustaining this growth momentum in November, aided by a high number of marriages anticipated across the country. They project 4-5% growth for the ongoing fiscal year and have successfully managed inventory levels…
- A TV as big as a bed? With the holidays approaching, stores stock more supersize sets 05 November 2024, brandequity.economictimes.indiatimes.com The 38.1 million televisions sold with a width of at least 97 inches between January and September represented a tenfold increase from the same period last year, Circana said. Best Buy, the nation’s largest consumer electronics chain, doubled the assortment of hefty TVs – the 19 models range in price from $2,000 to $25,000 – and introduced displays in roughly 70% of its stores…
- Festive sales end with a bang, after Rs 1 lakh crore of clicks 05 November 2024, brandequity.economictimes.indiatimes.com Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliances grew by 30% over last year, while the fashion and beauty premium portfolio saw an over 400% spike vs business-as-usual (BAU) in categories like watches, fragrance, K-beauty, jewellery, handbags, sportswear, luggage, and kids-wear,” Amazon said in a statement…
- Indians go premium to do the laundry 05 November 2024, brandequity.economictimes.indiatimes.com Premium detergents now reach 75% of Indian households, driven by liquid variants. Despite the pandemic-induced stagnation in overall sales, premium detergents have grown, with liquid formats seeing double-digit penetration. Brands like HUL’s Surf Excel and Godrej’s Ezee lead this segment, foreseeing further growth…
- After Diwali and festivities, traders’ focus shifts to wedding season 04 November 2024, retail.economictimes.indiatimes.com Following a successful Diwali season, Indian traders are gearing up for substantial business during the upcoming wedding season starting on November 12, with 48 lakh weddings expected to generate about Rs 6 lakh crore in business. Consumer preference is shifting towards Indian products, reflecting the ‘Vocal for Local’ initiative…
- Festive Sales End with a Bang, After ₹1 Lakh Cr of Clicks 04 November 2024, economictimes.indiatimes.com Ecommerce platforms recorded total sales of nearly ₹1 lakh crore (about $11.9 billion) during the month-long festive season that ended last week, expanding by well over a fifth from the previous year, industry data revealed…
- NARS Cosmetics eyes top 3 spot in India’s luxury beauty market, plans to double retail presence 04 November 2024, retail.economictimes.indiatimes.com Highlighting the brand’s expansion trajectory in terms of physical retail presence, Sanjay Sharma, Country Head of Shiseido India said that since launching with 15 touchpoints last year, NARS has already doubled its reach to 30 points in India and plans to double again in the next two years…
- How Diwali UGC campaigns brought brands closer to consumers 04 November 2024, exchange4media.com User-generated content (UGC) has long served as relatable advertising. Yet, as brands doubled down on it this Diwali season, they showcased the potential for authentic engagement…
- Q-commerce sees consumers order gold, silver coins 02 November 2024, brandequity.economictimes.indiatimes.com BigBasket partnered with Tanishq for the sale of gold and silver coins. Swiggy Instamart partnered with brands like Malabar Gold and Diamonds, Muthoot Exim and Jar and Blinkit partnered with Malabar, Joyalukkas and MMTC to provide certified coins…
- AO Smith completes acquisition of Pureit Business from HUL 01 November 2024, retail.economictimes.indiatimes.com A. O. Smith Corporation has completed its acquisition of HUL’s water purification business Pureit. This move aligns with A. O. Smith’s strategy to expand its water treatment product portfolio and distribution. Pureit’s water purification solutions are available in various countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico…
- Aditya Birla Asset Reconstruction Company to wind down India operations 01 November 2024, realty.economictimes.indiatimes.com The move follows recent exits by Arcion Revitalization – a JV between Apollo Global and ICICI Bank – and Lone Star India, underscoring the increasing challenges in India’s ARC sector as non-performing loans (NPLs) hit a 12-year low…
- Retailers, brands say festive sales are higher, but flag weak sentiment 01 November 2024, retail.economictimes.indiatimes.com This Diwali, luxury sales have been mixed for retailers and brands, with some experiencing double-digit growth and others seeing weaker performance. While watches and certain accessory categories performed well, overall sentiment was subdued. Gifting trends have driven demand, especially in segments like beauty, fragrances, home, jewellery, and watches…
- ETRetailCafe: Snitch’s Siddharth Dungarwal on revolutionising apparel retail in India 29 October 2024, retail.economictimes.indiatimes.com Siddharth Dungarwal, founder, Snitch shares how he introduced the apparel brand Snitch, changes the way retail is done in India, and how he is succeeding in both online and offline categories…
- Marico-owned Just Herbs eyes rapid expansion, enhances Indian market presence 29 October 2024, retail.economictimes.indiatimes.com Marico Limited finalized its acquisition of Just Herbs in September 2024, securing the remaining 40% equity in Apcos Naturals Private Limited, which owns the Just Herbs brand. With this acquisition, Just Herb’s expansion momentum is poised to accelerate…
- Merlin Group looks to double its revenue over the next 7-8 years 29 October 2024, realty.economictimes.indiatimes.com ”We have been growing steadily year on year for the past 40 years. The group is currently developing 40 million square feet that is projected to yield a total sales of Rs 20,000 crore in the coming 7-8 years,” Merlin Group managing director Saket Mohta said…
- Retention marketing: The art of driving growth and balanced engagement 29 October 2024, brandequity.economictimes.indiatimes.com Notifications aren’t just for laughs; they’re part of a larger, more sophisticated retention marketing plan. Retention marketing aims to retain customers by driving repeat purchases and cultivating long-term connections. While client acquisition is frequently discussed in digital marketing, the retention part is something that drives long-term growth. Industry trends highlight how acquiring a new client is five to twenty-five times more expensive than retaining an existing one…
- Online-like prices, gifts, retailers find ways to beat e-com firms 28 October 2024, retail.economictimes.indiatimes.com Electronics stores in Lucknow are launching promotional offers to attract festive shoppers. These include gifts, lucky draws, and EMI options. Store owners expect increased customer visits from Dhanteras to Diwali. Despite low pre-bookings, they anticipate a 20-30% rise in sales. Online offers are still a challenge to match…
- YouTube partners Flipkart, Myntra to launch Shopping Affiliate programme 28 October 2024, retail.economictimes.indiatimes.com The YouTube Shopping affiliate programme adds to existing monetisation options like ad revenue, YouTube premium, channel memberships and fan-driven features to help creators earn revenue. YouTube’s creator economy has generated Rs 16,000 crore of economic activity and created 7,50,000 jobs in India, chief executive Neal Mohan said in an interview with ET…
- India’s green fashion lovers switch to secondhand 28 October 2024, retail.economictimes.indiatimes.com India’s enormous garment sector churns out billions of dollars’ worth of new clothes each year, but some local fashion lovers are switching to secondhand to assuage worries about the industry’s environmental impact. India is the world’s fifth biggest garment exporter, with the trade worth $15 billion in 2023, according to the World Trade Organization…
- United Breweries cheers to new beginnings; to debut premium Dutch beer Amstel in India 28 October 2024, retail.economictimes.indiatimes.com United Breweries will introduce Amstel Grande, a Dutch premium beer, in India. This announcement comes as demand for premium beers rises by 27% in the second quarter of FY2025. Heineken NV, the promoter of United Breweries, also reported growth in its premium beer volumes, driven by Kingfisher Ultra and Heineken…
- Tatas to enter red-hot quick commerce space with ‘Neu Flash’ 28 October 2024, retail.economictimes.indiatimes.com Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion…
- Arvind Fashions targets Rs 1,000 cr revenue for Flying Machine with Gen Z focus and influencer Orry collaboration 28 October 2024, retail.economictimes.indiatimes.com Arvind Fashions, led by MD and CEO Shailesh Chaturvedi, targets doubling Flying Machine’s revenue from Rs 500 crore to Rs 1,000 crore as it is focusing on Gen Z and Millennials, collaborating with internet personality Orry. Further, the brand plans to double its store count and increase online presence, anticipating digital sales to grow from 25 per cent to nearly 30 per cent of total revenue by targeting both urban centers and small towns…
- Amazon India strengthens workforce to meet festive demand; focus on tier 2, 3 regions 28 October 2024, retail.economictimes.indiatimes.com For this festive season, Amazon India has ramped up its logistics network, to ensure faster deliveries on over 4 million products, with no-cost same-day options for Prime members. The company has onboarded 1.10 lakh new associates, including 1,900 persons with disabilities, to meet increased demand…
- Mass goods lie low, premium party on a high 28 October 2024, retail.economictimes.indiatimes.com Global corporations like Unilever and Coca-Cola report a temporary dip in sales of daily essentials in India. Despite this, there is strong demand for premium and discretionary products. Companies are optimistic about future growth, especially with India’s increasing income levels and urbanisation driving demand for higher-end goods…
- Smartphone sales sizzle ahead of Diwali 28 October 2024, retail.economictimes.indiatimes.com Smartphone sales have seen a significant upturn ahead of Diwali, aided by heavy discounts, higher retailer margins, and increased production. Major metros like Delhi and Mumbai have experienced a 30% rise in footfalls. Premium smartphones and budget 5G models are in high demand, driving optimism among retailers…
- Festive sales: Buoyed by online sales & premiumisation, appliance makers expect up to 30% growth 28 October 2024, retail.economictimes.indiatimes.com This festive season, premiumisation is the flavour, where consumers are willing to pay extra for features such as energy efficiency, higher capacity and larger size and even showing interest in the high-end AI & IOT Technology-driven products, industry leaders said…
- Inbrew Beverages, TPG Capital in race to buy Imperial Blue, India’s third-largest whisky brand 28 October 2024, retail.economictimes.indiatimes.com Ravi S Deol’s Inbrew Beverages and TPG Capital are bidding to acquire Imperial Blue whisky from Pernod Ricard. Due diligence will begin soon, with final bids to follow. Imperial Blue, launched in India in 1997, is the country’s third-largest whisky brand. The sale involves high valuation and the inclusion of assets and Scotch supply guarantees…
- Brand makeover: repositioning in a dynamic environment 28 October 2024, brandequity.economictimes.indiatimes.com Brand Repositioning is a broad- based concept. Even an introduction of a brand variant in the same category, (for instance Ethnix from Raymond’s) or a variant in a related category (Dove hair oil and face wash in cosmetics), is likely to have an impact on the original associations developed for the respective brand. The consumer’s sub-conscious mind also plays an important role in their perception of brand associations. ..
- KFC, Pizza Hut remove onions from menu post McDonald’s E Coli scare 28 October 2024, brandequity.economictimes.indiatimes.com Fast-food giants KFC and Pizza Hut have opted to remove onions from their menus as a precaution after an E. coli outbreak associated with McDonald’s resulted in 49 reported cases. The outbreak, traced back to onions from Taylor Farms, led to recalls and heightened caution within the industry. According to report in Newsweek, at least 10 people were hospitalised and one person in Colorado has died following E coli (Escherichia coli) infections linked to McDonald’s Quarter Pounder hamburgers…
- Siyaram’s invests Rs 40 crore to introduce next-gen value retail brand Zecode to capture the rising demand 25 October 2024, retail.economictimes.indiatimes.com By this fiscal end, the brand plans to open 25 stores of Zecode in and around Karnataka. It will be opening its stores in two different formats – one ranging between 4,000 – 6,000 sq.ft and the other ranging from 7,000 – 9,000 sq.ft…
- Adani Wilmar readies new plan for premium outlets, targets more AI use in sales ops 25 October 2024, retail.economictimes.indiatimes.com Adani Wilmar reported a consolidated Q2 profit of Rs 311 crore, bouncing back from a loss last year. It is focusing on boosting sales productivity, expanding its rural distribution network to reach 50,000 towns by FY’25, and leveraging technology for targeted selling. The e-commerce channel showed rapid growth with revenue significant increases…
- Apple plans to hire 400 people for new retail stores in Bengaluru, Pune, Delhi-NCR and Mumbai 25 October 2024, moneycontrol.com PepsiCo and Coca-Cola are exploring launching soft drinks that are 15-20% cheaper than their mainstream brands to sell mainly in regional markets and counter increasing threat from Reliance Consumer Products’ Campa, beverage industry executives aware of the matter said…
- McCain Foods turns on the jugalbandi in Diwali campaign 25 October 2024, brandequity.economictimes.indiatimes.com McCain foods India launches ‘McCain Banega Diwali Ka Maza Badhega’ campaign to foster unity among families. The campaign uses snacks to bring different generations together during Diwali. Activities include a digital video, social media content, and influencer collaborations. McCain aims to create unity and joy in family gatherings through engaging and fun initiatives…
- Pepsi & Coca-Cola exploring launching budget-friendly drinks as Reliance’s Campa gains ground in regional markets 24 October 2024, economictimes.indiatimes.com PepsiCo and Coca-Cola are exploring launching soft drinks that are 15-20% cheaper than their mainstream brands to sell mainly in regional markets and counter increasing threat from Reliance Consumer Products’ Campa, beverage industry executives aware of the matter said…
- Clothing brands see upbeat consumer sentiment this Diwali; expect strong demand momentum during wedding season 24 October 2024, retail.economictimes.indiatimes.com Lifestyle and clothing brands in India are seeing strong consumer demand as the festive season progresses. Brands like Raymond Lifestyle, Blackberrys, Libas are optimistic about sales growth, especially in festive and wedding attire categories. Retailers are preparing for the significant revenue opportunity from the upcoming wedding season. Brands are expanding store counts and launching new styles to meet growing demand…
- Zydus Wellness enters into packaged foods segment 24 October 2024, retail.economictimes.indiatimes.com Consumer wellness company Zydus Wellness has ventured into packaged foods segment with Sugar Free D’lite cookies and collaborated with Bollywood actor Shahid Kapoor to promote its range…
- Telangana government to develop ‘future city’ inspired by Incheon free economic zone 24 October 2024, realty.economictimes.indiatimes.com Launched in 2003, the IFEZ was designed to decongest Seoul and help increase economic activity and job creation through the establishment of industries and other facilities…
- Ayushmann Khurrana and Nexus Select Malls team up for Diwali ad 24 October 2024, brandequity.economictimes.indiatimes.com Nexus Select Malls launches ‘Asli Happyness Wali Diwali’ campaign featuring Ayushmann Khurrana. It highlights enjoyable shopping and dining experiences during Diwali. The campaign portrays festive moments and aims to connect with customers, making the malls a preferred destination for family celebrations. The ads capture the joy of festive meals and the excitement of selecting Diwali outfits…
- Hindustan Unilever board decides to separate ice cream business 24 October 2024, brandequity.economictimes.indiatimes.com Hindustan Unilever Limited (HUL) plans to separate its ice cream business after a detailed evaluation by Independent Directors. The ice cream segment, contributing three per cent to HUL’s turnover, needs significant investment and operates under a unique model, prompting this strategic move to enhance core business focus and shareholder value…
- Indian apparel firm Raymond Lifestyle to hire 9,000 workers for hundreds of new stores 23 October 2024, retail.economictimes.indiatimes.com Raymond’s shares surged 9% as it plans to hire around 9,000 workers for 900 new stores over the next three years. The company aims to simplify its group structure and attract investors by spinning off its lifestyle business. Raymond is also receiving increased inquiries from global clients shifting their production to India…
- Triveni Engineering enters IMFL business; launches whiskey brands in UP 23 October 2024, retail.economictimes.indiatimes.com Triveni Engineering & Industries Ltd. has launched premium and super premium whisky brands in Uttar Pradesh. Named ‘Matsya Triple Reserve Blended Whisky’ and ‘The Crafters Stamp Rare Artisan Blended Whisky,’ they have production capacities of 1,35,000 liters and 4,20,000 liters annually. The rollout is set to complete by FY’26, covering over 5000 retail outlets…
- Hindustan Unilever leases nearly 6 lakh sq ft warehouse in Bhiwandi near Mumbai 23 October 2024, retail.economictimes.indiatimes.com Hindustan Unilever Ltd (HUL) has leased a 6 lakh sq ft warehousing facility in Bhiwandi, near Mumbai, setting a notable trend in logistics. The seven-year lease includes annual 5% rent escalation, totaling over Rs 150 crore, enhancing HUL’s supply chain efficiency in the Mumbai Metropolitan Region…
- Kirana stores hit hard as quick commerce surges, distributors struggle to recover dues : Report 23 October 2024, retail.economictimes.indiatimes.com Traditional Kirana stores in India face challenges due to the rise of quick commerce platforms. High inventory levels and delayed payments to distributors are major issues. Quick commerce is increasingly taking over impulse purchases, threatening the livelihoods of millions of small business owners. Potential protests by these stores could impact the quick commerce segment’s growth…
- DMart will be a test case amid India’s raging retail wars 22 October 2024, retail.economictimes.indiatimes.com India’s retail landscape is shifting as the rise of quick commerce and online platforms challenges traditional and modern trade, impacting giants like DMart. Despite improved earnings, DMart focuses on physical stores and value retailing over convenience, navigating a changing market with growing online competition…
- Govt in talks to sell Bharat Brand items via Reliance Retail 22 October 2024, retail.economictimes.indiatimes.com While there have previously been short-term arrangements with ecommerce firms including Reliance’s JioMart, Amazon and BigBasket to push Bharat brand products for price stabilisation, mostly during elections, this is the first time that the government is looking at a long-term arrangement with a private retailer to sell food products from its buffer stock at subsidised prices…
- China’s Haier seeks Indian partner to navigate bureaucratic challenges, offers up to 49% stake 22 October 2024, retail.economictimes.indiatimes.com Haier is seeking an Indian partner to sidestep regulatory hurdles, possibly diluting up to 49%. With Citi’s guidance, the third-largest appliance firm in India aims for joint control and local management, setting the stage for a future local listing…
- V2 Retail eyes to become a national player; invest Rs 120 crore to expand offline presence 22 October 2024, retail.economictimes.indiatimes.com The brand has been witnessing a 30 per cent same-store sales growth and this fiscal, during the first six months, it has already clocked 36 per cent same-store sales growth…
- Reliance Retail expands AZORTE with 12 new stores in India 22 October 2024, retail.economictimes.indiatimes.com Reliance Retail’s AZORTE has expanded its offline presence by opening 12 new stores in cities like Jaipur, Udaipur, and Bangalore, highlighting its commitment to reaching new markets and customers…
- Festive demand boosts sale of namkeens, millet snacks 22 October 2024, retail.economictimes.indiatimes.com To meet the heightened festive demand, namkeen manufacturing units have employed contractual workers. According to an industry estimate, approximately 10-15 percent of additional workforce in the form of contractual workers is engaged in the namkeen sector during the festive period. The demand and production of namkeen and sweets experience a surge every year during the festival period…
- Refurbished smartphones buck falling sales trend this festival 22 October 2024, retail.economictimes.indiatimes.com Refurbished smartphone sales are growing significantly due to increased demand for affordable premium devices, particularly 5G handsets in smaller towns. IDC India forecasts an 8% annual growth through 2028, driven by consumers seeking quality devices for remote learning and work, with second-hand iPhone prices notably rising…
- Lulu Retail kicks off one of UAE’s biggest IPOs this year 22 October 2024, retail.economictimes.indiatimes.com Lulu Retail Holdings has started an initial public offering, anticipated to be the largest in the UAE this year. It is offering over 2.582 billion shares during a time of increased retail spending. The IPO runs from Oct. 28 to Nov. 5, with shares set to trade on the Abu Dhabi Securities Exchange on Nov. 14…
- Institutional investment in real estate up 31% to $4.61 billion in Jan-Sept 2024: Report 22 October 2024, realty.economictimes.indiatimes.com Real estate consultant Vestian on Monday released its report on ‘Investment in Indian Real Estate’, observing that funds’ inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023…
- Nearly 75 per cent of SEC B/C prefer in-store shopping 21 October 2024, brandequity.economictimes.indiatimes.com The study stated that the category of students were seen to prefer a combo of online + in store (44%) and in store (44%) modes in equanimity. Though in store mode of shopping was seen to be more pronounced either among citizens of low education (65%) or in certain geographies. For instance, the east zone (65%) and the north zone (63%) prominently preferred in-store shopping…
- Reliance’s not-so-secret weapon makes Tata sound alarm as new disruption hits 21 October 2024, retail.economictimes.indiatimes.com Mukesh Ambani’s Campa Cola: Reliance Industries’s FMCG arm is reshaping the Indian beverages market by reviving Campa Cola, offering lower prices and higher retailer margins. This has forced Coca-Cola, PepsiCo, and Tata Consumer Products to rethink their strategies as they face stiff competition in both urban and rural areas…
- GoM proposes to raise GST on luxury shoes, watches, aims revenue boost by Rs 22,000 cr 21 October 2024, retail.economictimes.indiatimes.com In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue…
- Homecare solutions company BISSELL re-enters India market; sees immense potential for growth 21 October 2024, retail.economictimes.indiatimes.com Next year, it plans to enter the offline space by partnering with LFR players like Croma, Reliance Digital, and Vijay Sales…
- Lenexis Foodworks on an expansion spree, targets 100 new stores by March 2025 21 October 2024, thehindubusinessline.com With this, the brand expects to generate a topline of ₹650 crore by March 2025, and a sales run rate of ₹1000 crore by FY26, indicating strong anticipated growth…
- Prestige Estates to invest Rs 7,000 crore to develop township in Ghaziabad 21 October 2024, realty.economictimes.indiatimes.com Prestige Estates has also forayed into Delhi-NCR housing market by acquiring three land parcels in Delhi, Noida and Siddharth Vihar, Ghaziabad…
- Nexus Select Trust to acquire Vega City Mall in Bengaluru for Rs 877 crore 21 October 2024, realty.economictimes.indiatimes.com According to the latest regulatory filing, the Board of Directors of Nexus Select Mall Management Pvt Ltd — the manager to Nexus Select Trust — has approved the acquisition of Vega City Mall in Bengaluru…
- FPCE urges government for real estate guidelines under consumer protection act 21 October 2024, realty.economictimes.indiatimes.com The association pointed out that the consumer forums constituted under Consumer Protection Act 2019 comprises about 10 per cent of their complaints from the consumers of real estate sector…
- Tamil Nadu CM will open mini-IT park in Tuticorin soon: Industries minister 21 October 2024, realty.economictimes.indiatimes.com The park was established at a cost of 30 crore. Spread across 4.16 acres, the multi-storey mini-IT park is set to offer 50,937sqft of leasable state-of-the-art workspace, equipped with amenities like air conditioning and an integrated building management system (IBMS)…
- How Saree brands get their names from Rasgulla to Baramulla! 21 October 2024, brandequity.economictimes.indiatimes.com From naming brands based on current affairs, to being ready to shell money for brand names, Surat’s saree and textile traders are a breed apart. In an effort to capture the attention of Gen X, one trader launched a brand with an unusual name, “Oxford,” which has now been in the market for 21 years and has frequently made headlines…
- Amazon India eyes mega sales boost for two-wheelers 21 October 2024, brandequity.economictimes.indiatimes.com Amazon India is expecting a 250 per cent year-on-year sales growth in the two-wheeler category. Amazon India started selling electric scooters from last year while it introduced petrol-fuelled two-wheelers three months ago. The company now expects to introduce the “entire range” of petrol-powered two-wheelers in the next one or two quarters. Currently, two-wheelers of 10 brands are sold here…
- Walmart expands snack sourcing from India for US market 21 October 2024, brandequity.economictimes.indiatimes.com Walmart, the US retail giant, is expanding its range of Indian food and snack products by partnering with popular brands like Bikano, Britannia, and Jayanti Spices. This initiative is part of Walmart’s goal to source USD 10 billion worth of goods from India annually by 2027, offering Indian festive packs and traditional snacks ahead of Diwali…
- P&G posts surprise sales drop as demand slows for face lotions, diapers 21 October 2024, brandequity.economictimes.indiatimes.com P&G posts surprise sales drop on slowing demand for face lotions, diapers. The company’s baby, feminine and family care segment, housing iconic diaper brand Pampers, saw a 2 per cent fall in sales during the quarter while its beauty segment, which includes troubled Japanese skincare brand SK-II, saw a 5 per cent drop…
- D2C brands go to malls for immersive retail experiences 21 October 2024, brandequity.economictimes.indiatimes.com India’s D2C brands are increasingly establishing a presence in malls to boost customer engagement and create immersive shopping experiences. As per industry experts, mall environments provide better customer interaction and support brand growth as online customer acquisition costs rise. This trend extends beyond major cities to tier-2 cities, aligning with the growing demand for experiential retail and premium shopping spaces…
- TTK Prestige asks why so much song and dance for mixers 21 October 2024, brandequity.economictimes.indiatimes.com TTK Prestige releases a new TVC in five languages for its Endura Mixer Grinder, directed by Gautham Vasudev Menon. The campaign blends storytelling with Tamil Nadu’s cultural heritage. The ad showcases the mixer’s versatility and superior technology, aiming to make it a household name in the region, focusing on emotional and cultural connections…
- Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space 17 October 2024, retail.economictimes.indiatimes.com Bikaji Foods International has acquired a 53.02% stake in Lucknow’s Hazelnut Factory for Rs 131 crore through its subsidiary. This strategic move will help Bikaji enter the Quick Service Restaurant (QSR) segment. The acquisition will be completed over the next two years, integrating Hazelnut Factory’s retail stores in Lucknow, Kanpur, and Delhi…
- Brands boost quick commerce hiring as Zepto, Instamart, Blinkit drive sales 17 October 2024, retail.economictimes.indiatimes.com Brands are significantly increasing their in-house teams to support quick commerce platforms like Zepto and Swiggy Instamart. Specialized roles such as key account managers and supply chain experts are in high demand. This shift allows brands to reach consumers directly, optimizing speed and reducing costs…
- Blinkit launches 10-minute returns for footwear, apparel categories 17 October 2024, retail.economictimes.indiatimes.com Blinkit, a part of Zomato, has introduced a 10-minute return policy for clothing and footwear. This aims to address size and fit issues for customers. After testing in Delhi NCR, the feature is now live in Mumbai, Bangalore, Hyderabad, and Pune. Plans to expand to more cities are underway…
- Piyush Goyal emphasizes quality as key to India’s global competitiveness 17 October 2024, retail.economictimes.indiatimes.com Union Commerce Minister Piyush Goyal on Wednesday stressed the need to manufacture high-quality products, saying without this approach it is going to be very difficult to make India truly competitive…
- Restaurants staring at plate full of problems this festive season 17 October 2024, retail.economictimes.indiatimes.com Dining-out chains in India are facing profitability challenges this festive season due to high prices of edible oils, vegetables, and wheat. Executives are reluctant to increase menu prices and are instead renegotiating supplier contracts and absorbing costs to support smaller vendors…
- Daryaganj Restaurants eyes to clock Rs 100 crore this fiscal, enter international market 17 October 2024, retail.economictimes.indiatimes.com Next fiscal, the brand is eyeing to further penetrate deeper into the international market by opening restaurants in UAE, UK, and Australia, and in India, by expanding in Bengaluru…
- US retail trade group expects holiday season sales to grow more slowly 17 October 2024, brandequity.economictimes.indiatimes.com This year’s predicted pace is consistent with the average increase of 3.6% from 2010 to 2019. During the coronavirus pandemic, Americans ramped up their spending. Holiday season sales rose 9% in 2020 from the year before, and they soared 12.4% in 2021, according to the National Retail Federation…
- Gen Z’s direct spending power to reach USD 1.8 Trillion by 2035: Report 17 October 2024, brandequity.economictimes.indiatimes.com This expansive research offers new perspectives into Indian Gen Z’s distinctive spending power across multiple categories, that no other report has explored in the past. The report also delves into uncovering unique insights into how they engage, influence, shop, and spend—shaping the future of India’s economy…
- Digital payments show strong uptick buoyed by wider adoption of credit during festive season 17 October 2024, brandequity.economictimes.indiatimes.com During this year’s festive season sales, credit cards and credit-based payment instruments like pay-later products saw a significant increase, according to industry reports. Transactions rose by 35-50% compared to last year, with a large share being made through credit cards, EMIs, and pay-later options. Unified Payments Interface (UPI) remained the dominant payment method, with a 34% rise in transactions and over 500 million daily payments recorded. ..
- PVR Inox posts Rs 12 crore loss vs Rs 166 crore profit YoY in Q2, revenue drops 19% 16 October 2024, retail.economictimes.indiatimes.com PVR Inox reported a consolidated net loss of Rs 12 crore for Q2 FY25, compared to a net profit of Rs 166 crore in the same period last year. Revenue from operations dropped to Rs 1,622 crore, a 19% decline YoY…
- Room air-conditioners sales volumes to expand by 20-25% YoY in FY2025: ICRA 16 October 2024, retail.economictimes.indiatimes.com Indian room air-conditioner industry is projected to see 20-25% YoY growth, reaching 12-12.5 million units in FY2025. Factors such as rising temperatures, urbanization, and disposable income drive demand. The PLI scheme boosts localization, with OEMs expanding capacities rapidly. Moderate operating profit margins expected…
- Centre to verify air purifier claims amid pollution concerns 16 October 2024, retail.economictimes.indiatimes.com The government will conduct market surveillance to verify air purifier manufacturers’ claims following accusations of false assertions. Consumer Affairs Secretary mentioned plans to check compliance with quality control orders. The move aims to address concerns over misleading marketing and pollution levels in cities, advocating for collaboration between BIS, ministries, and consumers…
- Jaipur: City restaurants demand closure time extension by 1 hour during tourist season 16 October 2024, retail.economictimes.indiatimes.com Restaurant owners in Jaipur express frustration over early closure mandates, arguing it impacts their business during tourist season. They propose extending the deadline from 11 pm to midnight, stressing that police presence and restrictive timings deter tourists and harm the city’s hospitality industry…
- Pluckk ties-up with Spencer’s Retail to offer farm produce under premium category 16 October 2024, retail.economictimes.indiatimes.com Pluckk has formed an exclusive partnership with Spencer’s Retail to offer its premium produce, including ozone-washed and GMO-free fruits and vegetables, in select cities. The collaboration aims to provide fresh, quality food to consumers and plans to expand to more locations, doubling presence within a year…
- Govt examining product disclosures by quick commerce firms 16 October 2024, retail.economictimes.indiatimes.com The government is scrutinizing whether quick commerce companies are complying with the Legal Metrology Act, which mandates key disclosures on packaged products. Consumer Affairs Secretary Nidhi Khare stated potential regulatory action could be taken against non-compliant firms. The investigation focuses on information such as price, expiration date, and manufacturer details amid the rise of ultra-fast grocery delivery services in India…
- Hello Kitty plans to double its presence in India 16 October 2024, retail.economictimes.indiatimes.com “India has the potential to become one of the biggest markets for Sanrio. In the next 5 years, it will be one of the top three markets in the world and from there onwards, I expect a double-digit growth year-on-year,” Silvia Figini, COO, Sanrio – EMEA, India, Oceania, Mr. Men – Worldwide…
- Meet the Indian beauty brands going the luxe route 16 October 2024, brandequity.economictimes.indiatimes.com “Premium homegrown beauty brands offer products that rival international names in terms of price, quality, service and user experience. But how are they competing in a landscape brimming with choices and competition from global counterparts? What are they doing to build a sustainable business? And how are they dealing with the changing demands of a maturing customer base? Divya Moolayattil and Divya Verma break it down…
- Licious acquires Bengaluru-based My Chicken and More to boost offline presence 15 October 2024, realty.economictimes.indiatimes.com The acquisition will bolster its omnichannel presence and tap into new users, boosting Licious’ online business. With My Chicken and More’s 23 stores, Licious will also increase its physical retail footprint to 26 locations. “The acquisition will enable us to rapidly scale our offline presence in South India, while continuing to deliver the quality and transparency that define the Licious experience,” said the cofounders Vivek Gupta and Abhay Hanjura in a statement…
- Timberland stages come back with Reliance in India through AJIO platform 15 October 2024, retail.economictimes.indiatimes.com Reliance Retail’s AJIO platform now includes Timberland, marking the brand’s return to India after closing in 2015. This follows Reliance’s recent portfolio expansions with brands like H&M and ASOS. Additionally, Reliance is scaling up quick-commerce and enhancing its F&B portfolio with Armani Cafe…
- GJEPC urges govt to lay stringent rules for mandatory disclosure of natural, lab-grown diamonds 15 October 2024, brandequity.economictimes.indiatimes.com The diamond industry is already facing issues due to the Russia-Ukraine conflict, as it has disrupted the global diamond supply chain, with sanctions on Russia, a major rough diamond producer, further complicating trade and slowing down the global diamond trade…
- The art of festive marketing: Driving engagement through culture and emotion 15 October 2024, brandequity.economictimes.indiatimes.com When we talk about festivals in India, we’re talking about more than just one day of celebration. The nation’s cultural diversity presents a year-end calendar full of opportunities – from Diwali to Christmas and the New Year. Each of these festivals carries its traditions, emotions, and expectations. Brands that recognize this, aren’t simply selling their products but becoming one with the celebrations…
- How brands can use loyalty programmes during the festive season 15 October 2024, afaqs.com The festive season offers brands a unique chance to strengthen customer loyalty through exclusive experiences, surprise rewards, and thoughtful gestures that leave lasting impressions…
- SC’s tax ruling on ITC may boost commercial realty investments 14 October 2024, realty.economictimes.indiatimes.com Offices, malls, and hospitality ventures focused on building and leasing properties are likely to gain the most from the top court ruling as these areas usually require substantial upfront investments and long-term financial commitments…
- Kirana shops are battling for survival amid the rise of q-com, but the story is not over for them yet 14 October 2024, retail.economictimes.indiatimes.com In metro areas, quick commerce platforms are rapidly changing urban retail by offering fast delivery of diverse products, challenging traditional kirana stores. While quick commerce’s growth impacts urban retail, rural and smaller town kiranas still hold significant market share. Companies are adapting strategies for both channels…
- Navratri lifts sales in offline electronic markets 14 October 2024, brandequity.economictimes.indiatimes.com Sales of home appliances such as LED TVs and refrigerators experienced growth during Navratri due to strong consumer demand, though offline retailers faced challenges from steep online discounts. Improved agriculture is expected to boost consumer spending further in the upcoming festive and wedding seasons…
- Smaller cities drive premium phone sales in festive season 14 October 2024, brandequity.economictimes.indiatimes.com Steep discounts on Apple and Samsung smartphones boosted sales in smaller Indian towns and cities during this festive season, outperforming major metros. The share of smaller towns in sales of premium smartphones rose significantly. Older flagship models were popular, driven by heavy discounts and financing options. This trend occurred despite a slight decline in overall festive sales volumes…
- Cinema owners feel the heat ahead of big Diwali releases 14 October 2024, brandequity.economictimes.indiatimes.com Cinema owners across India face pressure from distributors of Singham Again and Bhool Bhulaiyaa 3, as both films release on Diwali. Single-screen theatres struggle to allocate shows, risking divided box-office collections. Multiplexes manage better, but audience preferences will ultimately determine screen allocation…
- Urban India buys appliances worth Rs 60k cr in H1 2024: Report 14 October 2024, brandequity.economictimes.indiatimes.com Urban India has spent over Rs 60,000 crore on TVs and large appliances from offline channels in the first half of 2024. Rural India reported Rs 3,000 crore in sales. India’s growth in consumer tech and durables is supported by a strong economy and declining inflation. Rural markets are showing promise with increasing disposable income and retail networks…
- How emerging brands are shaping edible oil usage among major FMCG players 14 October 2024, brandequity.economictimes.indiatimes.com In recent years, the landscape of the edible oil market has undergone a significant transformation. As emerging brands rise to leave a mark, the influence they wield over major players in the Fast-Moving Consumer Goods (FMCG) sector is becoming increasingly evident. These new and innovative brands are not just introducing new products; they are altering the standards, driving trends, and compelling established companies to rethink their strategies…
- Mercedes-Benz car sales in India increases 13% to 14,379 units in Jan-Sep 2024 11 October 2024, brandequity.economictimes.indiatimes.com Mercedes-Benz India reports a 13% year-on-year sales increase to 14,379 units for January-September 2024, marking its best performance for this period. The company sold 5,117 units in Q3, a 21% rise from last year. Battery electric vehicle sales surged 84% to 800 cars, and top-end vehicle sales grew by 18%…
- Reliance Retail starts testing its Swiggy, Blinkit rival 11 October 2024, brandequity.economictimes.indiatimes.com Reliance Retail has re-entered the quick commerce market in select areas through JioMart, competing with Blinkit, Swiggy Instamart, and BigBasket. The company will use its existing store network and the logistics service Grab to offer zero delivery fees and target smaller cities and towns…
- How Ratan Tata started India’s romance with Zara 11 October 2024, brandequity.economictimes.indiatimes.com Ratan Tata played a pivotal role in bringing global fast-fashion giant Zara to India in 2010. His visionary leadership identified the potential of India’s growing middle class, leading to a retail revolution. Zara’s success paved the way for other international brands and transformed the Indian fashion industry, making it more dynamic and globally interconnected…
- Noida authority to hire private consultant for land acquisition 11 October 2024, realty.economictimes.indiatimes.com The consultant will help the Authority in managing both direct land purchases from owners and legal acquisition of land under the Land Acquisition Act…
- India’s textiles sector projected to reach $350 billion by 2030: Centre 11 October 2024, retail.economictimes.indiatimes.com Driven by India’s inherent strengths and a strong policy framework that encourages investment and exports, the textiles sector in the country is expected to grow to $350 billion by 2030, the Centre said on Thursday…
- Not just fun, Kolkata’s Durga Puja is serious business worth Rs 15,000 crore 11 October 2024, retail.economictimes.indiatimes.com With more than 10,000 Pujas in the state and 1,000 more in other parts of India and overseas, the festival has in recent years emerged as a hub of activity with each community Puja sustaining a micro-economy, particularly in Kolkata. From those erecting the pandals to the decorators, idol-makers to craftsmen, electricians to security persons, priests to dhakis, the Pujas help thousands boost their earnings…
- Replica Watches: Best website for 1:1 super clone watches swiss movement 11 October 2024, retail.economictimes.indiatimes.com In today’s era replica watches have become increasingly popular among consumers seeking the prestige of luxury timepieces without the hefty price tag…
- UP govt approves factory complex in Meerut to boost jewellery sector 11 October 2024, retail.economictimes.indiatimes.com The Uttar Pradesh government has sanctioned a factory complex in Meerut to boost the gems and gold jewellery sector. The project, managed by the Meerut Development Authority, will enhance the region’s jewellery industry, offering modern facilities and creating employment. The factory will make Meerut a key hub for the jewellery market, attracting industrialists and customers…
- Ecommerce companies are under scrutiny for violating dark pattern norms during sales 11 October 2024, retail.economictimes.indiatimes.com The government plans to crack down on ecommerce companies for using dark patterns, deceptive techniques that manipulate consumers during festive season sales. These unfair trade practices have prompted consumer complaints, leading the Central Consumer Protection Authority to take action against offending companies, especially as online retail is rapidly growing in India…
- Goodbye and Godspeed: India mourns Ratan Tata’s demise 10 October 2024, retail.economictimes.indiatimes.com India mourns the loss of Ratan Naval Tata, a visionary business leader and philanthropist, who passed away late Wednesday night. Tata Sons Chairman N Chandrasekaran, Prime Minister Narendra Modi, Defence Minister Rajnath Singh, and Mahindra Group Chairman Anand Mahindra among others gave heartfelt tributes highlighting his immense contributions to the Tata Group, the economy, and society…
- Quick commerce companies may face action for not giving expiry date 10 October 2024, retail.economictimes.indiatimes.com The Indian government plans to crack down on quick commerce companies like Zomato’s Blinkit and Swiggy Instamart for not displaying mandatory expiry dates on their platforms. The move follows multiple consumer complaints received through the National Consumer Helpline. Flipkart Minutes currently complies with this requirement…
- India set to source entire mobile phone needs locally by fiscal year-end as Apple, Google ramp up production 10 October 2024, retail.economictimes.indiatimes.com India will begin sourcing all its mobile phones locally by fiscal year-end. Apple started producing iPhone Pro and Pro Max models in India, and Google will manufacture Pixel phones domestically. This reduces the need for imports. Samsung and other brands already make their devices in India. This move supports the government’s electronics production targets…
- New GST rules require tenants to pay 18% tax for leased commercial properties 10 October 2024, retail.economictimes.indiatimes.com This could create challenges, particularly for tenants under the composition scheme, such as many small restaurants, as they will have to pay GST but will not be able to claim input tax credit (ITC), resulting in increased working capital requirements, said experts…
- Modern trade growth at a 4-year low amid online surge; sales at big supermarkets grew only 3.2% 10 October 2024, brandequity.economictimes.indiatimes.com Sales growth of groceries, personal products, and home care items in modern trade hit a four-year low in July and August due to consumer shift to online, quick commerce, and store closures. Leading FMCG sales channels are now increasingly dominated by online platforms, accounting for about 10-12% of overall sales…
- PVR -INOX ties up with Khushi Advertising for South Indian cinema ads 10 October 2024, brandequity.economictimes.indiatimes.com This new partnership with Khushi Advertising marks a significant step forward for PVR-INOX. The five-year contract is aimed at managing cinema advertising sales in the South India market, with Khushi Advertising appointed as the exclusive ad-sales affiliate for this region. This alliance is set to strengthen PVR-INOX’s leadership and market share in South Indian cinema advertising, a region that holds great importance for the cinema exhibition industry…
- Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy’s Instamart 09 October 2024, brandequity.economictimes.indiatimes.com Reliance Retail has entered the quick commerce market, aiming to compete with players like Blinkit and Swiggy Instamart. Using its extensive store network, Reliance plans to offer rapid deliveries within 10-30 minutes in major cities and untapped smaller towns, without charging any fees…
- Metro to introduce outdoor ads on train coaches 09 October 2024, brandequity.economictimes.indiatimes.com Currently, Bengaluru Metro operates 57 train sets, and the new advertising strategy will allow various corporate advertisements to be featured on the train exteriors, alongside the Namma Metro logo. ..
- Nykaa, Licious amp up quick commerce game as consumers demand instant gratification 09 October 2024, retail.economictimes.indiatimes.com Delivering instant gratification seems to be the need of the hour as beauty retailer Nykaa, direct-to-consumer (D2C) player Licious, and Myntra try out 10-15-minute delivery pilots in select cities. The companies are responding to the growing demand for rapid delivery across multiple product categories…
- CBRE to manage NetApp’s 1.07 million sq ft office spaces 09 October 2024, realty.economictimes.indiatimes.com The portfolio consists of NetApp’s campus in Bengaluru and sales offices in Bengaluru, Mumbai and New Delhi…
- Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy’s Instamart 08 October 2024, retail.economictimes.indiatimes.com Reliance Retail has entered the quick commerce market, aiming to compete with players like Blinkit and Swiggy Instamart. Using its extensive store network, Reliance plans to offer rapid deliveries within 10-30 minutes in major cities and untapped smaller towns, without charging any fees…
- Consumer durables sector can create 500,000 new jobs in India by 2030: Report 08 October 2024, retail.economictimes.indiatimes.com India’s consumer durables sector is set to grow, creating 500,000 new jobs by 2030. This growth is driven by rising domestic demand, sustainability focus, and indigenisation. The market could reach Rs 3 lakh crore by 2029. Incentives for energy-efficient products and online sales expansion are recommended to boost the sector…
- How the bottom-of-the-pyramid strategy worked out for Zudio 08 October 2024, retail.economictimes.indiatimes.com Tata Group’s Trent has launched Zudio Beauty in Bengaluru, expanding into affordable beauty products, after the success of Zudio apparel stores. The company plans to open more stores in top cities. Zudio, known for trendy low-priced clothing, has significantly boosted Trent’s revenue and is now entering the beauty segment to replicate its previous success…
- Indian alcoholic beverages industry to see 8-10 pc sales growth in FY25 08 October 2024, retail.economictimes.indiatimes.com The domestic alcoholic beverages industry is likely to see 8-10 per cent revenue in FY25, led by steady demand for beer and a revival in consumption of spirits, along with increasing consumer preference for premium products, a report said on Monday…
- Complaints at consumer helpline doubled in last 2 years: Consumer Affairs Secy 08 October 2024, retail.economictimes.indiatimes.com Looking ahead, Khare assured that in the coming months, CCPA will be taking service to consumer rights ‘very seriously.’…
- Tier II and Tier III cities to see maximum retail expansion in coming years: JLL 08 October 2024, retail.economictimes.indiatimes.com The report also added that the Tier II and Tier III cities in the country are experiencing a surge in new retail supply, with 25 million sq. ft of retail developments. This expansion is driven by growing consumer demand, availability of land and a lack of quality retail developments in these markets until a few years back…
- Pacts with UAE may yield $100 billion investments: Piyush Goyal 08 October 2024, retail.economictimes.indiatimes.com India and UAE plan to boost investment, potentially reaching $100 billion. This includes sectors like energy, AI, and food processing. A new food corridor aims to bring $2 billion in investments. Significant gains are seen in bilateral trade and FDI under the Comprehensive Economic Partnership Agreement. An Invest India office will open in Dubai, fostering UAE investments in India…
- Quick commerce not impacting kirana stores: Zomato’s Deepinder Goyal 07 October 2024, retail.economictimes.indiatimes.com “Blinkit is not really eating into the kiranas at all. It is not even affecting companies like Dmart. I think we’re more or less eating into the Amazons and the Flipkarts, the ecommerce sector, as well as the modern retail in the larger cities,” Zomato cofounder and chief executive Deepinder Goyal said…
- From Tatas to Ambanis to Birlas, big corporates are hungry for restaurant business 07 October 2024, retail.economictimes.indiatimes.com Big corporate houses like Aditya Birla, Reliance and Tata Group are investing in the Indian restaurant industry. They see opportunities in the growing, lucrative market following the pandemic. Companies are focusing on scalability and standardisation. Rising disposable incomes and new experiences drive the shift, with consumers dining out more frequently…
- Rado to close 2024 with double-digit growth in India: Global CEO 07 October 2024, retail.economictimes.indiatimes.com Swiss watchmaker Rado aims for double-digit growth in India for 2024, having already experienced 23% growth in 2023. The brand is boosting product availability for the Diwali season to meet high demand. India remains Rado’s top-performing market, surpassing China, with strong brand loyalty from Indian consumers globally…
- Tata Group forays into mass-priced beauty segment with Zudio Beauty 07 October 2024, retail.economictimes.indiatimes.com Noel Tata-led Trent has launched Zudio Beauty, a new affordable beauty store, aiming to compete in the mass-priced beauty market. The first store opened in Bengaluru, with plans to expand to more cities. Zudio’s success in the apparel sector hints at further growth in beauty retail…
- Apparel Group to bet big on India, expand store presence from 250 to 1,000 07 October 2024, retail.economictimes.indiatimes.com Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the company plans to take India’s share to 25 per cent in the next three years…
- Calvin Klein launches new underwear campaign in India starring Disha Patani 07 October 2024, retail.economictimes.indiatimes.com Shot by Stas Komarovski, the campaign evokes Calvin Klein’s modern aesthetic through stripped-back portraits that allow Patani’s sensuality and confidence to shine through while showcasing new Fall 2024 underwear…
- Uber ties up with Avride for food deliveries, robotaxi rides 05 October 2024, retail.economictimes.indiatimes.com Uber is partnering with Avride for food deliveries and robotaxi services. This partnership includes using Avride’s sidewalk robots in Austin, Dallas, and Jersey City for Uber Eats. Avride and Uber will launch robotaxi rides in Dallas next year, aiming to expand the fleet of delivery robots to hundreds by 2025…
- Zomato to allot 12 million shares to employees 05 October 2024, financialexpress.com Ahead of its Q1FY25 earnings, Zomato had allotted more than 3.5 million employee stock options, which translated to shares worth around Rs 81 crore…
- Department of Post ties up with Amazon to boost India’s E-commerce and logistics sector 05 October 2024, retail.economictimes.indiatimes.com The Department of Posts (DoP) and Amazon Transportation Services have signed a new MoU to expand their ongoing collaboration. This partnership aims to enhance parcel transmission and delivery across India by leveraging the postal network and Amazon’s technology. The collaboration will benefit rural regions and aims to boost the e-commerce sector in India…
- Swiggy Bolt: Food delivery platform launches 10-minute meal delivery service 05 October 2024, retail.economictimes.indiatimes.com The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal preparation time via Bolt by partnering with restaurants within a 2 km radius of the customer..
- Office leasing to record 70 million sq ft across nine cities in 2024: Report 05 October 2024, retail.economictimes.indiatimes.com The office sector witnessed a gross absorption of 53.8 million sq ft during January to September 2024 across nine cities, recording a 19% year-on-year growth…
- Mukta A2 Cinemas launches festive offer with ₹99 cap on F&B 04 October 2024, retail.economictimes.indiatimes.com Mukta A2 Cinemas has capped all food and beverage prices at ₹99 for the festive season to make cinema outings more affordable. COO Satwik Lele aims to enhance the overall experience for cinemagoers. This move comes amid industry discussions on high pricing, with average expenditure statistics provided by the Multiplex Association of India…
- How the fragrance and flavour industry is helping the FMCG sector become stronger 04 October 2024, brandequity.economictimes.indiatimes.com Sacheerome says being an Indian player gives it an edge over global players in making certain notes, and it is time the country’s fragrance brands earn global reputation…
- SC allows ITC claim on construction costs of commercial buildings 04 October 2024, realty.economictimes.indiatimes.com It said that if construction of a building is essential for supplying services like leasing/renting out, it could fall under the ‘plant and machinery’ category on which ITC can be claimed under Section 17(5)(d) of the Central Goods and Services Tax Act (CGST)…
- There will be no change in policy on multi-brand retailing: Piyush Goyal in US 04 October 2024, retail.economictimes.indiatimes.com Union Minister Piyush Goyal emphasized that India will not permit multi-brand retail, as it would harm local mom-and-pop stores. He underscored India’s openness to other economic reforms, allowing full foreign ownership in sectors like defense and space, with some safeguards to prevent money laundering…
- GST Rate Cut: Tax on several mass-use products may be reduced 04 October 2024, retail.economictimes.indiatimes.com A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations…
- Indian logistics market to expand to Rs 13.4 trillion by FY28: Report 04 October 2024, retail.economictimes.indiatimes.com This growth is being fuelled by structural shifts, technological advancements, and government initiatives aimed at reducing logistics costs and improving infrastructure…
- View: Scaling up food processing in India by tapping houesholds’ potential 04 October 2024, retail.economictimes.indiatimes.com India’s food processing sector is expanding due to urbanization and changing lifestyles, but faces challenges in formalizing household enterprises. Promoting home-based food processing can boost women’s employment and reduce post-harvest losses, but regulatory hurdles need to be addressed for this segment to thrive…
- Net absorption of office space rises 14% in Q2 FY25 across seven cities: Report 04 October 2024, realty.economictimes.indiatimes.com Real estate consultant JLL’s latest data showed that the net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period…
- 77% consumers increase festive shopping budgets: Glance 04 October 2024, brandequity.economictimes.indiatimes.com Based on a sample survey of mobile phone users in India, the report reveals that festive shopping remains strong, with 91 per cent of respondents planning to make purchases. Over 77 per cent respondents said they have increased their budgets compared to previous year while 25 per cent have indicated a willingness to spend over INR 50,000…
- RMZ Corp Partners With Chevron Global Technology & Services Pvt Ltd 19 September 2024, rprealtyplus.com RMZ Corporation, one of the world’s largest family-owned alternative asset owners, has announced its partnership with Chevron Global Technology & Services Private Limited, which is establishing the US$1…
- Citykart Expands Retail Presence Across India with New Store Openings 19 September 2024, indianretailer.com Citykart, a leading value fashion retailer, is set to expand its retail footprint with the launch of 25 to 30 new stores across Uttar Pradesh, Bihar, Jharkhand, Assam, and Odisha…
- P N RAO Expands Retail Presence in India with New Hyderabad Store 19 September 2024, indianretailer.com P N RAO, a 100-year-old legacy brand known for its fine men’s suits in India, has opened its flagship store in Hyderabad, Telangana. This marks the brand’s eighth store in South India and represents a key step in expanding its retail footprint across the region…
- India’s Unstoppable Home Retail Market: $237 Billion by 2030 – Discover the Key Growth Drivers! 19 September 2024, indianretailer.com India’s home and household sector is on the verge of a transformation, poised to skyrocket to an astounding $237 billion by 2030! Fueled by rising disposable incomes, shifting consumer preferences, and a digital-first mindset, this sector is rapidly becoming a powerhouse in India’s economic story…
- Omaxe Chowk: Rewriting Legacy 19 September 2024, indianretailer.com Omaxe Chowk, a new commercial hub in the heart of Chandni Chowk, aims to transform the retail landscape of one of Asia’s oldest and busiest shopping destinations…
- Top 7 Mattress Brands in India for the Best Sleep 19 September 2024, indianretailer.com A good night’s sleep is essential for your health and well-being. Choosing the right mattress makes all the difference. In their quest for the greatest mattress brand in India, consumers place much too much emphasis on factors like price/discounts, size, thickness, and material…
- The Digital Surge That’s Reshaping India’s Kirana Retail Sector 19 September 2024, indianretailer.com India’s traditional retail sector, long characterized by its reliance on over 15 million Kirana stores, is witnessing a significant transformation. The emergence of digital solutions is reshaping the sector, with eB2B (e-commerce-led Business to Business) platforms driving this change…
- Best Couverture Chocolate Brands in India: Marking the Sweet Revolution 19 September 2024, indianretailer.com India’s chocolate revolution is in full swing, and couverture chocolate is at the forefront of this delicious movement. With its high cocoa butter content, rich flavor, and silky smooth texture, couverture chocolate is every dessert lover’s dream…
- WROGN, TMRW’s Newest Brand, Promotes ‘Love is Respect’ 19 September 2024, indianretailer.com WROGN, part of the TMRW House of Brands, is making strides in reshaping the narrative around love and relationships in India with its latest campaign, “Love is Respect.”..
- Godrej and Boyce Bags Rs 35 Cr Contracts for National Infrastructure and Historic Sites 19 September 2024, indianretailer.com Godrej and Boyce’s Security Solutions division, part of the Godrej Enterprises Group, has strengthened its presence in India’s retail and security sectors by securing contracts worth over Rs 35 crore…
- Golden Grain Rice Expands Global Reach, Eyes 500,000 MT Export Target for 2024 19 September 2024, indianretailer.com Golden Grain Rice, one of India’s largest rice exporters, is reinforcing its presence in some of the world’s most competitive international markets. With a record-breaking export of 375,000 tonnes of premium basmati rice in…
- AB InBev India Empowers Micro-Entrepreneurs Through ONDC Network 19 September 2024, indianretailer.com AB InBev India, a prominent player in the beer and beverage sector, is strengthening micro-entrepreneurs across India through its partnership with the Open Network for Digital Commerce (ONDC)…
- Former Flipkart Executive Launches Quick-Commerce Retail Venture in India 19 September 2024, indianretailer.com Ayyappan R, the former chief executive of Flipkart-owned Cleartrip, is preparing to launch a new quick-commerce retail venture in India. The venture is currently seeking substantial seed funding from venture capital firms Accel and RTP Global, according to sources familiar with the discussions…
- Indian Chilli Brand Kaatil Announces Funding Success and Great Taste Award Victory 19 September 2024, indianretailer.com Kaatil, a hot condiments brand specializing in Indian chilies under Smerc Food & Beverages, has announced the successful completion of its seed funding round, raising an undisclosed amount…
- Tata Soulfull Introduces Masala Muesli to Redefine Indian Breakfasts 19 September 2024, indianretailer.com Tata Soulfull, a brand under Tata Consumer Products, has unveiled its latest innovation, Tata Soulfull Masala Muesli, aiming to transform the traditional muesli category with a savory twist…
- Dusky India Launches Ayurvedic Face Washes for Modern Skincare Needs 19 September 2024, indianretailer.com Dusky India, a brand inspired by India’s Ayurvedic heritage, has launched two new face washes, reinforcing its mission to make Ayurveda accessible for all. Celebrating the natural tone and texture of Indian skin, Dusky India’s products are crafted to cater to the modern lifestyle while honoring traditional Ayurvedic principles…
- Rivona Naturals Launches Innovative 11-in-1 Skincare Solution ‘Genie’ 19 September 2024, indianretailer.com Rivona Naturals, a personal care brand known for simplifying self-care with multi-purpose products, is excited to unveil its latest breakthrough product, Genie. Designed with an innovative “11-problems-1-solution” formula, Genie offers an effective remedy for a wide range of skin concerns, from acne and redness to overall skin healing…
- The Quorum Unveils a New Restaurant ‘689 – Six Eighty Nine’ in Gurugram 19 September 2024, indianretailer.com The Quorum, the country’s first domestic private members’ club, has opened ‘689 – Six Eighty Nine’ an Asian eating restaurant featuring a live robata grill and a Japanese aesthetic, in Gurugram…
- SMOOR Partners with Hangyo Ice Creams to Launch New Gourmet Ice Cream Range 19 September 2024, indianretailer.com SMOOR, a leading luxury confectionery brand in India, has announced a collaboration with Hangyo Ice Creams, blending their expertise in premium chocolates with Hangyo’s ice cream craftsmanship…
- Rohan Pewekar Succeeds Merrill Pereyra as Managing Director, Pizza Hut Indian Subcontinent 19 September 2024, indianretailer.com Pizza Hut, division of US-based Yum! Brands has announced the appointment of Rohan Pewekar as the Managing Director, Pizza Hut Indian Subcontinent…
- Devrana Expands with New Express Outlet in Shastri Nagar, Meerut 19 September 2024, indianretailer.com Devrana, known for its authentic vegetarian cuisine, has opened a new express outlet in Shastri Nagar, Meerut. Located at K6 opposite PVS Mall, this new outlet reflects Devrana’s strategy to bring quality dining experiences to convenient locations…
- The Wendy’s Company Announces Executive Leadership Appointments 19 September 2024, indianretailer.com The Wendy’s Company has announced the appointment of John Min as the Company’s Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations…
- BACARDÍ Launches Exciting New Mango Chilli Flavoured Rum in India 19 September 2024, indianretailer.com BACARDÍ, the globally recognized spirits brand, has launched a new flavored rum in India—BACARDÍ Mango Chilli. This innovative addition to their portfolio combines the sweet, tropical taste of mango with the fiery heat of chili, offering a distinctive flavor that caters to the Indian palate…
- DAEWOO Expands into the Indian Market with New Induction Cooktops 19 September 2024, indianretailer.com DAEWOO, the renowned Korean brand with a global footprint in over 110 countries, has announced the launch of two new induction cooktops in India: the Push Button Induction Cooktop and the Touch Button Induction Cooktop…
- Bata Collaborates with Sharvari for Limited-Edition ‘Emily in Paris’ Collection 19 September 2024, indianretailer.com Bata India has launched an exclusive limited-edition ‘Emily in Paris’ collection, featuring Bollywood’s fashion icon Sharvari as the face of the campaign. Timed to coincide with the release of the latest episodes of Netflix’s Emily in Paris, the collection is a collaboration with Viacom 18 and is available at 260 select stores and online at Bata.com…
- Gaurs Group Set To Launch IPO In Next 18 Months 18 September 2024, rprealtyplus.com Realty firm Gaurs Group is set to launch its Initial Public Offering (IPO) as it seeks to capitalise on strong consumer demand and expand its business, according to Chairman and Managing Director Manoj Gaur…
- Nexus Venture Offloads 5.97% Stake In India Shelter Finance Corp 18 September 2024, rprealtyplus.com Venture capital firm Nexus Venture Partners divested a 5.97 per cent stake in India Shelter Finance Corporation for Rs 482 crore through open market transactions…
- Ahmedabad: SRFDCL engages with global builders ahead of auction for riverfront plots 18 September 2024, realty.economictimes.indiatimes.com This strategic push was detailed in the annual audit report presented to the SRFDCL board on Sep 6, just before the Request for Proposal (RFP) was announced for the auction of two prime plots. The riverfront project, spanning 204.91 hectares, is set to make a significant impact…
- With Hourglass, HUL feels time is ripe to enter India luxury cosmetics 18 September 2024, retail.economictimes.indiatimes.com Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL’s strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India…
- AI to electronics: Micromax to foray into new-age businesses 18 September 2024, retail.economictimes.indiatimes.com Micromax co-founder Rahul Sharma said Micromax’s manufacturing arm Bhagwati has taken over Vivo’s mobile phone factory in Greater Noida, where it will be making originally designed mobile phones, IT hardware and automotive parts through a joint venture with one of the largest ODMs (original design manufacturers)…
- Dark clouds over Bengal’s Durga Puja economy 18 September 2024, retail.economictimes.indiatimes.com Protests over the rape and murder of a trainee doctor in Kolkata are impacting West Bengal’s Rs 50,000 crore Durga Puja economy. Pre-puja consumer demand and corporate funding have declined, affecting sales in apparel, fashion products, and restaurants. Brands are cautious about sponsorships due to public sentiment. Footfalls in malls and shopping hubs are significantly lower than usual…
- We expect improved FMCG demand in coming quarters: Pawan Agrawal, Marico 18 September 2024, retail.economictimes.indiatimes.com Marico reported a nearly 9% rise in net profit and a 7% increase in revenue for Q1 FY25. The company is focusing on diversification and premiumisation, expecting growth in rural and urban markets as the festival season approaches. Key brands like Parachute Coconut Oil and Saffola Edible Oils showed modest growth…
- Franck Muller sees more room for growth in India’s luxury watch segment: Top executive 18 September 2024, retail.economictimes.indiatimes.com Franck Muller is focusing on India for the next three to five years, planning to launch its third India-focused collection before Diwali and possibly entering luxury residential real estate. The brand has seen success in other markets and believes India has significant growth potential in luxury consumption…
- Allied Blenders and Distillers appoints Anil Somani as CFO 18 September 2024, retail.economictimes.indiatimes.com Allied Blenders and Distillers Limited has appointed Anil Somani as its new chief financial officer, succeeding Ramakrishnan Ramaswamy. Somani brings over 32 years of experience in finance roles across various sectors. He aims to enhance the company’s financial performance and operational efficiency…
- Nippo-maker Indo National sells entire 51% stake in Kineco for Rs 220 cr 18 September 2024, retail.economictimes.indiatimes.com Chennai’s Indo National Ltd has sold its 51% stake in Kineco Ltd for Rs 220 crore to an unnamed consortium. CEO Pavan Kumar BVS stated the funds will be invested in aerospace, defense, and various fast-moving consumer goods sectors…
- Myntra’s GenZ customer base doubles to 16 million in 2024 18 September 2024, retail.economictimes.indiatimes.com “With the online trend-first fashion market expected to grow over 8x into a USD 5 billion market by 2028, FWD by Myntra is taking charge in reshaping fashion for young India, reflecting Myntra’s commitment to staying ahead of GenZ’s rapidly evolving trends and preferences,” a company statement said…
- Myntra may offer a 4-hour ‘solution’ for your fashion ‘needs’ 18 September 2024, retail.economictimes.indiatimes.com Myntra is piloting a four-hour delivery service in select cities like Bengaluru and New Delhi, aiming to cater to the growing demand for faster deliveries. This initiative responds to the rise of quick commerce services in India…
- India’s apparel retail will continue to grow with rising incomes, increased demand for affordable fashions: Centrum 18 September 2024, retail.economictimes.indiatimes.com As per a research report by the financial advisory firm Centrum, looking ahead, the apparel market is expected to continue growing, driven by rising incomes, favourable demographics, and increased demand for affordable fashion, particularly among Gen-Z consumers…
- BigBasket plans to expand dark store count to 700 by FY25 18 September 2024, thehindubusinessline.com Tata-owned BigBasket plans to expand its dark store count to 700 by the end of FY25 from 400 as the company pivots to becoming a pure play quick commerce company, as the company sees rising demand for rapid deliveries, founder Hari Menon told businessline…
- Two Brothers Organic Farms appoints Arijit Gorai as its chief growth officer 18 September 2024, retail.economictimes.indiatimes.com In his new role, Gorai will be responsible for expanding the D2C brand’s presence across multiple channels and improving its customer experience, including new product offerings to meet the growing demand for organic food products and build brand presence in key international markets…
- FMCG sector to get a boost from recovery in rural demand, global factors: Centrum 18 September 2024, retail.economictimes.indiatimes.com As per the report, the sector is expected to witness a boost, especially from a recovery in rural demand. The report mentioned that there has been a downward trend in rural inflation, along with a gradual rise in real wages in rural areas…
- Starbucks Expands into Bilaspur and Prayagraj with New Store Openings 18 September 2024, indianretailer.com Starbucks is expanding its retail presence in India with the opening of its first store in Bilaspur, Chhattisgarh, and another in Prayagraj, Uttar Pradesh…
- Clink Audio to Expand Retail Presence in India with New Product Launches 18 September 2024, indianretailer.com Clink Audio, a prominent player in the consumer electronics industry, is set to introduce two new products by the end of this fiscal year. The upcoming launches will include Open Wireless Stereo (OWS) devices and bone..
- Brune and Bareskin Expands Retail Presence with New Store in Bathinda 18 September 2024, indianretailer.com Brune and Bareskin, a premium leather brand known for its bespoke products, has opened its fourth retail outlet in India. The new store is located at NH07, Bhucho Market in Bathinda, joining the brand’s existing locations in Delhi, Ludhiana, and Jalandhar…
- Snitch Opens 24th Store in Indore as It Expands Retail Presence in India 18 September 2024, indianretailer.com Snitch, a prominent men’s fashion brand in India, has further strengthened its retail presence with the opening of its 24th store in Indore. Located at the Phoenix Citadel Mall, the new outlet spans 2,545 square feet and aims to cater to Indore’s evolving fashion market…
- Nexus Venture Partners sells stake in India Shelter Finance for Rs 482 crore 17 September 2024, realty.economictimes.indiatimes.com US-based Nexus Venture Partners, through its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, offloaded 64 lakh shares, amounting to a 5.97 per cent stake in India Shelter Finance Corporation through two separate bulk deals on the BSE…
- Kanodia Group Appoints Mayank Jain as CEO – Real Estate Venture 17 September 2024, rprealtyplus.com The Kanodia Group, recognized as a leading player in the cement, hygiene, and building solutions industry has appointed Mayank Jain as its Chief Executive Officer for their upcoming real estate development platform…
- Bric-X Infra Announces Expansion Plans In Delhi NCR 17 September 2024, rprealtyplus.com Bric-X Infra, a leading name in the real estate industry celebrates its 5th anniversary. It is a milestone that reflects its remarkable growth and commitment to excellence…
- Indoor Amusement Centers Expected To Grow By 67% By 2028 End 17 September 2024, rprealtyplus.com Experience economy and the substantial demographic dividend have led to the growth of the entertainment sector in the country. There is a significant shift in the Indian retail landscape, with Indoor..
- Government to quick commerce: throw more light on dark store ownership structures 17 September 2024, retail.economictimes.indiatimes.com The government has shot off queries to senior ecommerce executives to understand the ownership structures of quick commerce firms and their dark stores. The chief executive of one of the top three quick commerce firms told us that he recently briefed commerce and industry minister Piyush Goyal and his team on the nature of investors in the firm and its long-term plans…
- Adani, Wilmar to start stake sale in joint venture next month 17 September 2024, retail.economictimes.indiatimes.com Adani Enterprises Ltd. and Wilmar International Ltd. plan to sell a 13% stake in their joint venture Adani Wilmar Ltd. to comply with Indian securities laws. The sale, valued at $735 million, aims to reduce their combined shareholding from 88% to 75% by February…
- ETRetailCafe: Restaurateur AD Singh on revolutionising foodservice industry in India 17 September 2024, retail.economictimes.indiatimes.com AD Singh, founder and MD of Olive Group of Restaurants shares the challenges he faced and how he overcame those challenges to deliver the best of restaurant brands to consumers…
- Ikea launches 365-day return, exchange policy 17 September 2024, retail.economictimes.indiatimes.com Commenting on the impact of the policy on return orders, Sharma said, “We are well-equipped to manage the spurt in return logistics.”…
- Godrej Consumer MD & CEO Sudhir Sitapati throws weight behind Dhaval Buch 17 September 2024, retail.economictimes.indiatimes.com Sudhir Sitapati, MD and CEO of Godrej Consumer Products, supports Dhaval Buch amid conflict of interest allegations involving his wife, Sebi Chairperson Madhabi Puri Buch. Sitapati emphasizes the need to understand the context of professionals transitioning from the private sector to government roles and warns against deterring such moves…
- E-commerce majors Flipkart, Amazon to start annual festive sale from Sep 26 17 September 2024, retail.economictimes.indiatimes.com Flipkart and Amazon India will commence their annual festive sales from September 26, 2024, with early access for paid subscribers. Flipkart’s ‘The Big Billion Days’ and Amazon’s ‘Great Indian Festival’ will offer a wide range of products. Myntra will also start its sale on September 25 for loyalty members…
- Lego’s business cards are made of Lego—but not for long 17 September 2024, livemint.com Michael Renvillard was backstage at a New York City festival featuring Alicia Keys and Hugh Jackman when the longtime Lego representative noticed something odd…
- Kingdom of White Expands Retail Presence in India with Three New Stores 17 September 2024, indianretailer.com Kingdom of White, India’s leading all-white lifestyle brand, has opened three new retail stores in Bhubaneshwar, Indore, and Surat. This marks a significant expansion in the brand’s reach, bringing its signature collection of white clothing to more consumers across India…
- Top 10 Gin Brands in India That Are Elevating Your Cocktail Game (2024) 17 September 2024, retail.economictimes.indiatimes.com India’s gin revolution is in full swing! What was once a niche spirit reserved for cocktail connoisseurs has now become the go-to choice for millennials and Gen Z…
- How India is Becoming a Key Player in Global iPhone Exports 17 September 2024, indianretailer.com India has claimed a major milestone in its tech journey by surpassing the United States to become the world’s second-largest 5G handset market in 2024. In the first half (H1) of the year, global 5G handset shipments grew by…
- Top 10 Premium Handbag Brands in India 17 September 2024, indianretailer.com In today’s fashion-forward world, a handbag is more than just a functional accessory; it’s a statement piece that speaks volumes about your personal style. If you’re on the hunt for the perfect blend of craftsmanship, luxury, and..
- Top 10 Premium Handbag Brands in India 17 September 2024, indianretailer.com In today’s fashion-forward world, a handbag is more than just a functional accessory; it’s a statement piece that speaks volumes about your personal style. If you’re on the hunt for the perfect blend of craftsmanship, luxury, and trendsetting designs, you’ve come to the right place…
- The Friendly Neighborhood Malls Resurgence 17 September 2024, indianretailer.com Neighborhood malls have seen a remarkable resurgence in foot traffic and sales, especially after the pandemic. Their strategic location and neighborhood-centric approach cater to local residents’ needs for quick and easy access to shopping and dining options…
- Krishival Foods forays into ice cream biz with acquisition of 52.94% stake in Melt ‘N’ Mellow Foods 17 September 2024, retail.economictimes.indiatimes.com Krishival Foods has acquired a 52.94% stake in Melt ‘N’ Mellow Foods, expanding its reach into the ice cream, dairy, and bakery sectors. The acquisition aims to enhance Krishival’s presence in the food sector and create value for shareholders through sustainable growth. Currently, Melt ‘N’ Mellow’s products are spread across Maharashtra and North Karnataka…
- Imagine by Ample Announces New Offers for iPhone 16 Launch with ‘More with Imagine’ 17 September 2024, indianretailer.com Imagine by Ample, a premium retail partner for Apple in India, has introduced its latest campaign, ‘More with Imagine,’ in anticipation of the iPhone 16 launch…
- Vintage Coffee Private Limited Opens First Premium Café Lounge in Navi Mumbai 17 September 2024, indianretailer.com Vintage Coffee Private Limited, a wholly owned subsidiary of Vintage Coffee and Beverages Limited (BSE-listed), proudly announces the grand opening of its first Premium Café Lounge in Beverly Park, Sector 6, Nerul, Palm Beach Road, Navi Mumbai…
- NBCC & MTNL To Jointly Develop 13.88-Acre Land In New Delhi 16 September 2024, rprealtyplus.com NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have signed a memorandum of understanding (MoU) to jointly develop a 13.88-acre land parcel on Pankha Road, New Delhi…
- Qcomm data may turn key input for new GDP maths 16 September 2024, retail.economictimes.indiatimes.com The government is considering using data from quick commerce platforms like Zepto, Blinkit, Instamart, and BigBasket to understand consumption patterns and economic activity. Quick commerce now accounts for 5-6% of household grocery spending and is growing rapidly. The Ministry of Statistics plans to revise the base year for national accounts to 2022-23 or 2023-24…
- Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business 16 September 2024, retail.economictimes.indiatimes.com Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability…
- India audio device market witnesses remarkable growth, hits Rs 5,000 cr offline sales: GFK 16 September 2024, retail.economictimes.indiatimes.com The Indian audio devices market is witnessing significant growth, with offline retail sales reaching Rs 5,000 crore in June 2024. This surge is driven by a 61% YoY volume growth in the Personal Audio segment and increasing demand for high-quality audio products. True Wireless Headsets and mini/Bluetooth speakers are particularly popular among Gen Z consumers…
- Jim Beam maker’s growth sobers up as competition intensifies 16 September 2024, retail.economictimes.indiatimes.com Beam Global, the maker of Teacher’s and Hibiki, experienced a slowdown in sales growth in 2023-24 due to increased competition in the premium liquor segment. Sales rose by 12% to ₹1,304 crore, while net losses increased to ₹329.3 crore. The company is focusing on long-term strategic investments and brand portfolio enhancement…
- Blinkit, Zepto pilot returns, exchanges to ace fashion ecommerce 16 September 2024, retail.economictimes.indiatimes.com Quick commerce is spreading its wings to include consumer electronics, lifestyle, and fashion in its scope. The main players in the space are looking to address one of the biggest pain points of online fashion shopping—returns and exchanges…
- Reliance expands trading area by 50% for non-food & general merchandise chasing higher margins 16 September 2024, retail.economictimes.indiatimes.com Reliance Retail, India’s largest retailer, is expanding its non-food and general merchandise trading area by 50% in grocery stores to boost margins. This move supports its hyper-local e-commerce platform Jiomart. The company aims to double its business in the next 3-4 years and is focusing on premium segments as disposable incomes rise…
- Lulu Group roped in to promote Indian organic products globally 16 September 2024, retail.economictimes.indiatimes.com APEDA will support these efforts by facilitating connections between organic growers in India including Farmer Producer Organizations (FPOs), Farmer Producer Companies (FPCs) and cooperatives, and the LuLu Group…
- Rapido talks to Zepto for quick-commerce delivery 16 September 2024, retail.economictimes.indiatimes.com Ride-hailing startup Rapido, which turned unicorn recently, is in talks with quick commerce startup Zepto and grocers Pincode and KPN to foray into the quick commerce delivery business, sources told TOI…
- Water purifier maker Livpure eyes 10 lakh subscriptions in 4 years 16 September 2024, retail.economictimes.indiatimes.com Livpure aims to secure over 10 lakh subscriptions for its water-as-a-service model in the next four years, enhancing access to clean water across India. The company targets a turnover of Rs 900 crore this fiscal year, reflecting a growth of up to 60 percent from the previous year…
- Looking Back, Looking At The Present And The Next 16 September 2024, indianretailer.com A report by PwC India states that Seismic changes and shifting consumer behavior have redefined the Indian retail and consumer (R&C) sector in the past few years. The sector is estimated to exceed $2 trillion in the next decade, growing at a long term CAGR of 1.5X to 2X of real GDP growth…
- HeyDude Footwear Now Available in India, Partners with Metro Brands 16 September 2024, indianretailer.com American footwear brand HeyDude has officially launched in India through a strategic partnership with Mumbai-based footwear retailer Metro Brands Ltd. (MBL)…
- Zara Opens Its 24th Retail Store in India at Bengaluru’s Phoenix Mall of Asia 16 September 2024, indianretailer.com Global fashion giant Zara, owned by Inditex, has unveiled its 24th retail store in India at the Phoenix Mall of Asia in Bengaluru. Spanning over 36,000 sq. ft., the new store occupies the first floor of the mall and introduces several cutting-edge features aimed at enhancing customer experience…
- Agilitas Sports Secures Strategic Investment from Spring Marketing Capital 16 September 2024, indianretailer.com Bengaluru-based athleisure sportswear start-up Agilitas Sports has announced a strategic investment from Spring Marketing Capital, though the exact amount remains undisclosed…
- FREYAA Partners with TAJ Group to Launch Exclusive Couture Collection 16 September 2024, indianretailer.com FREYAA, a leading fashion brand known for its versatility and innovation, has announced a prestigious collaboration with the distinguished TAJ Group of Hotels…
- Patiala house court discharges Ambience Group’s promoter in PMLA case 16 September 2024, retail.economictimes.indiatimes.com This case involved loans granted by a consortium of banks for the construction of the Ambience Hotel in Shahdara, Delhi. The Enforcement Directorate (ED) had accused Gehlot of money laundering linked to these loans. ..
- High streets will be a big part of Runwal’s upcoming mixed-used developments: Sanya Runwal, director – Retail 16 September 2024, indiaretailing.com When travelling on the Eastern Express Highway in Mumbai it’s hard to miss the gigantic hoardings by Runwal, Mumbai Metropolitan Region’s leading real estate player enticing people to book a home at many of its upcoming projects…
- Over one-third of grocery products listed on a major e-commerce platform have information discrepancies: Study 16 September 2024, indiaretailing.com As many as 34.83% of grocery products (approximately 1,000 products) listed on a major e-commerce platform have incomplete or inaccurate information, according to a study by health and retail tech platform Natfirst…
- Final CCI order on Amazon & Flipkart likely by November 14 September 2024, retail.economictimes.indiatimes.com The Competition Commission of India is expected to issue final orders by November on its investigation into Amazon and Flipkart’s alleged anti-competitive practices. The probe has found that both companies extended preferential treatment to select sellers, distorting competition across various product categories. The final decision will follow deliberations on the findings and responses from the parties involved…
- Kalpataru Projects International Ltd Bags Rs 2,774 Cr Orders 14 September 2024, rprealtyplus.com Kalpataru Projects International Limited (KPIL) on Thursday said it has bagged orders worth Rs 2,774 crore. The orders are for the Transmission & Distribution (T&D) business in foreign markets followed by the…
- Sushma Group Buys 59-Acre Land for Mix-Use Project In Ludhiana 14 September 2024, rprealtyplus.com Sushma Group has acquired a 59-acre land parcel in a prime location. The strategic acquisition will see the development of a mixed-use project, comprising residential, industrial, and commercial plots, aimed at bolstering Ludhiana’s real estate landscape…
- Dixon Technologies to manufacture notebooks for Asus under PLI 2.0 14 September 2024, retail.economictimes.indiatimes.com Electronics contract manufacturer Dixon Technologies will be manufacturing notebooks for Taiwanese company Asus under the Production-linked incentive 2.0 scheme, the company said in an exchange filing…
- FSSAI starts special drive to check adulteration during festive season 14 September 2024, retail.economictimes.indiatimes.com The Food Safety and Standards Authority of India (FSSAI) has launched a special drive to ensure the safety and quality of food items during the festive season. Food Safety Officers and Designated Officers are instructed to maintain strict surveillance over sweets, savouries, and dairy products to prevent adulteration practices that could harm consumers’ health…
- Vegas Mall in Delhi saw max average footfall during April-June among top 25 shopping malls, says report 14 September 2024, retail.economictimes.indiatimes.com GeoIQ’s report reveals that Vegas Mall in Delhi saw the highest average daily footfall during April-June, followed by V3S East Centre Mall and Phoenix Marketcity in Mumbai. The data is based on anonymised geolocation from mobile devices. GeoIQ aims to enhance offline retail insights using location data and machine learning…
- Non-metro cities leading in orders on e-commerce platforms in India: Report 14 September 2024, retail.economictimes.indiatimes.com Non-metro cities are leading the pack in India when it comes to growth in orders on e-commerce platforms, with at least 60 per cent of online orders coming from tier 2 cities and smaller towns, a report showed on Friday…
- Tax remission benefits extended to e-commerce exports 14 September 2024, financialexpress.com To boost exports through e-commerce, the government on Friday extended the tax remission benefits available to other exporters for shipments made by courier…
- Titan to expand Helios portfolio by adding 10 new international watch brands in 12-18 months 14 September 2024, retail.economictimes.indiatimes.com Titan Company plans to expand its Helios format by introducing 10 new international watch brands and adding 50 more stores within the next fiscal year. The company expects a substantial revenue increase from these initiatives, forecasting a 45% growth in sales during the upcoming festival season…
- Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal 14 September 2024, retail.economictimes.indiatimes.com Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers…
- Government raises import tax on edible oils 14 September 2024, moneycontrol.com India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s biggest edible oil importer tries to support local oilseed farmers…
- ASUS India Expands Retail Presence with New Store in Chennai 14 September 2024, indianretailer.com ASUS India, the Taiwanese technology company, has expanded its retail presence in India with the opening of a new exclusive store in Chennai. Spanning 220 sq. ft., this new location will showcase a comprehensive range…
- Starbucks Opens Jangchung Lounge R, a Reserve-Only Store in Seoul 14 September 2024, indianretailer.com Starbucks Korea opened its latest store, Jangchung Lounge R, in Jung-gu, Seoul, on September 12. This new store is the first Reserve-only location in the city and marks Starbucks’ 10th destination store, coinciding with the 10th anniversary of Starbucks Reserve coffee in Korea…
- Tasva Opens Store in Kolkata as Part of its Expansion in India 14 September 2024, indianretailer.com Tasva, the wedding and occasion wear brand for modern Indian men, has launched its flagship store in Kolkata. Located on Elgin Road and covering 2,400 square feet, this new store further strengthens Tasva’s position in India’s..
- Top 5 Herbal Cigarette Brands in India: A Safer Smoking Alternative 14 September 2024, indianretailer.com With health becoming a major concern for smokers, many are turning to herbal cigarettes as a natural alternative. Free from nicotine and harmful chemicals, these cigarettes are made using a variety of herbs,…
- Best Toy Brands in India: From Classic Toys to AR Innovation 14 September 2024, indianretailer.com From educational and interactive toys to classic favorites, there’s something to spark imagination and foster development. To do so these best toy brands in India are making significant changes…
- India’s $21 Bn Beauty & Personal Care Market Poised for 11 pc Growth in 5 Yrs 14 September 2024, indianretailer.com India’s beauty industry, now the world’s fourth-largest, is undergoing a significant transformation, driven by rapid changes in consumer preferences, the rise of digital platforms, and technological advancements…
- The Original Bed Co. Brings Bespoke Sleeping Solutions to India 14 September 2024, indianretailer.com The Original Bed Co. (TOBC), a UK-based brand known for its customizable and high-quality beds, is expanding into the Indian retail market. With a focus on personalized craftsmanship, the company aims to meet the growing demand for bespoke beds in Indian homes…
- Kalyan Jewellers Opens Revamped Showroom on MG Road in Indore 14 September 2024, indianretailer.com Kalyan Jewellers, one of India’s largest jewellery retailers, has launched its newly redesigned showroom on MG Road in Indore. This revamped location, part of Kalyan’s ongoing retail expansion in India, was inaugurated by Bollywood star Ranbir Kapoor…
- Britannia Industries Launches AI-Powered Recipe Platform in India 14 September 2024, retail.economictimes.indiatimes.com Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
- Real Estate Developers Urge GST Framework Overhaul For Real Estate 13 September 2024, rprealtyplus.com CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has called for a comprehensive review of the Goods and Services Tax (GST) framework affecting the real estate sector…
- Quick commerce war expands into battle for leadership talent 13 September 2024, retail.economictimes.indiatimes.com Poaching is rampant and Rs 2-3 crore salaries plus millions in stocks are on offer for top talent as the likes of Swiggy Instamart, Zepto, Blinkit and Flipkart focus on beefing up their leadership teams in the face of intensifying competition, recruiters and industry folks said…
- Personal audio product sales rise amid new-found passion for podcasts, audio series 13 September 2024, retail.economictimes.indiatimes.com Indians’ growing interest in podcasts and audio series has driven sales of personal audio products like headsets and Bluetooth speakers, despite a slowdown in the electronics industry. The market for personal audio devices has seen significant growth, with true wireless headsets and neckbands leading the segment. Rising disposable incomes and affordable device options are contributing to this trend…
- Growel Group introduces pet food brand Carniwel, to invest Rs 100 crore over next 3 years 13 September 2024, retail.economictimes.indiatimes.com Currently, the brand has launched 42 SKUs and plans to expand it to up to 98 SKUs by this fiscal year’s end…
- Paytm aims for profitability with ‘compliance-first’ approach: Vijay Shekhar Sharma at AGM 13 September 2024, retail.economictimes.indiatimes.com Paytm founder Vijay Shekhar Sharma announced at the company’s 24th annual general meeting that they aim to achieve profitability soon. The company will strictly adhere to regulatory guidelines and adopt a compliance-first approach. Paytm plans to expand its merchant network and build cross-sell capabilities around financial services like loans, mutual funds, and insurance products…
- Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores 13 September 2024, retail.economictimes.indiatimes.com Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
- Half of respondents plan higher spend online during festive season: Survey 13 September 2024, retail.economictimes.indiatimes.com “Nearly 50 per cent of respondents who intend to shop online, stated they would spend more on online festive shopping compared to last year. This trend cuts across metros (55 per cent) and tier-2 cities (43 per cent in cities with 10-40 lakh population),” the report said…
- Zara to offer its secondhand clothes service in US by October 13 September 2024, retail.economictimes.indiatimes.com Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday…
- Fabindia collaborates with MoMSME to promote products of artisans 13 September 2024, retail.economictimes.indiatimes.com Fabindia has partnered with the Ministry of Micro, Small, and Medium Enterprises under the PM Vishwakarma Scheme to support traditional Indian artisans. The collaboration aims to promote artisan products, provide financial support, skill development, and marketing assistance, enhancing their market reach through Fabindia’s retail network…
- FSSAI asks States to maintain strict vigil ahead of the festival season 13 September 2024, thehindubusinessline.com Directs state food safety commissioners and regional directors to ramp up enforcement and surveillance drives for sweets, savouries and milk-related products including khoya and paneer…
- McDonald’s extends $5 deal through December to keep customers coming 13 September 2024, retail.economictimes.indiatimes.com McDonald’s introduced the deal in June after a disappointing first quarter that saw fewer U.S. visits and lower spending per order, particularly from customers earning less than $45,000 per year. The $5 Meal Deal includes a McDouble burger or McChicken sandwich, small fries, a four-piece Chicken McNuggets and a small drink…
- Retail inflation rises a tad to 3.65% in August; factory output increases 13 September 2024, retail.economictimes.indiatimes.com Retail inflation in India rose slightly to 3.65% in August, driven by higher food prices, but remained below the Reserve Bank of India’s target. Industrial output increased by 4.8% in July, supported by growth in manufacturing and capital goods. Experts warn of potential risks from weather conditions affecting food inflation…
- Zara Opens New 36,000-Square-Foot Store at Phoenix Mall of Asia in Bengaluru 13 September 2024, indianretailer.com Zara has unveiled its latest store at Phoenix Mall of Asia in Bengaluru, marking the brand’s 24th store in India. The new retail space spans over 36,000 square feet, located on the mall’s first floor…
- 10 Best White Wine Brands in India: A Comprehensive Guide 13 September 2024, indianretailer.com White wine is becoming increasingly popular in India as more people discover its refreshing taste and versatility in pairing with Indian cuisine. Whether you’re an experienced wine enthusiast or just beginning to explore, this…
- Britannia Industries Launches AI-Powered Recipe Platform in India 13 September 2024, indianretailer.com Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
- Fabindia Partners with Government to Promote Artisan Crafts Across India 13 September 2024, indianretailer.com Fabindia, a leading lifestyle brand in India, has entered into a strategic collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) under the Government of India’s PM Vishwakarma Scheme, launched on September 17, 2023…
- Best Diwali Gifting Ideas for Employees: Delight Your Team with Thoughtful Gifts 13 September 2024, indianretailer.com Diwali, the festival of lights, is a time for celebration, joy, and togetherness. It’s also a great chance for employers to appreciate their employees with thoughtful gifts. However, selecting the perfect Diwali gift can be tough, especially when working with a budget…
- Archies Expands into Quick Commerce and Global Markets 13 September 2024, indianretailer.com Archies, a well-established name in the social expression industry for decades, is navigating a significant transition as it adapts to the evolving retail landscape in India…
- Diageo India and BharatCares Launch WASH Projects in Meghalaya Schools 13 September 2024, indianretailer.com Diageo India (United Spirits Ltd.), in collaboration with BharatCares, has initiated Water, Sanitation, and Hygiene (WASH) projects in two schools in Meghalaya—Seng Khasi Upper Primary School in Mawlai Khasi Hills and Soso Tham Memorial School in Lawsohtun…
- NEWME Sets New Standard in Fast Fashion with 90 Minutes Delivery 13 September 2024, indianretailer.com NEWME, a notable name in the fast fashion sector in India, has announced a significant advancement with the launch of its 90-minute delivery service. This move positions NEWME as the first and only brand in the fast…
- Brigade Group’s Buzzworks Forays In Hyderabad 12 September 2024, rprealtyplus.com Brigade Group has announced the launch of its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City…
- India outpaces China, becomes 2nd-biggest market for Pernod Ricard amid premium push, says CEO 12 September 2024, retail.economictimes.indiatimes.com India has surpassed China to become the second-largest market by sales for French distiller Pernod Ricard, driven by a growing affluent population and higher sales of premium brands. The company controls a significant share of India’s whiskey market and continues to invest in expanding its presence in the country…
- Metavisio-Thomson India to buy into New Shop after $150 million distribution deal 12 September 2024, retail.economictimes.indiatimes.com Metavisio-Thomson’s India unit is acquiring a minority stake in New Shop, a convenience retail chain. The deal, valued at $125-$150 million, involves setting up 120 flagship stores in two and three-tier markets. New Shop is also acquiring the 24Seven grocery chain from Godfrey Phillips. The partnership aims to expand their product portfolio and presence across India…
- Relaxo enters Morocco market; eyes double-digit growth for next 5 years 12 September 2024, retail.economictimes.indiatimes.com Currently, exports contribute 5 per cent to Relaxo’s overall business. The company eyeing double-digit growth for the next 5 years…
- Purplle clocks 43% rise in FY24 revenue to Rs 680 crore, trims loss by 46% 12 September 2024, retail.economictimes.indiatimes.com Purplle’s consolidated net loss narrowed by 46% to Rs 124 crore from Rs 230 crore a year ago. Total expenses grew to Rs 850 crore in FY24 from Rs 738 crore a year earlier. A significant amount of the expenditure was attributed to employee benefit expenses which rose to Rs 191 crore from Rs 170 crore…
- Consumer staples suppliers see stable prices this festive season 12 September 2024, retail.economictimes.indiatimes.com Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement…
- Former Trai chief RS Sharma becomes ONDC chairperson 12 September 2024, retail.economictimes.indiatimes.com RS Sharma, former TRAI chief and NHA CEO, has been appointed as the non-executive chairperson of the Open Network for Digital Commerce (ONDC). The ONDC aims to digitize the value chain and promote open networks. Sharma’s extensive experience in IT and administrative reforms is expected to boost open commerce between entities…
- 60% consumers plan to boost online shopping budgets this festive season: Meesho survey 12 September 2024, retail.economictimes.indiatimes.com In terms of sellers, the report said that 65 per cent of sellers are preparing for the festive season by launching new products, while others are adding new categories and investing in seller ads…
- Zara owner Inditex’s strong autumn sales offset first-half growth slowdown 12 September 2024, retail.economictimes.indiatimes.com Fashion retailer reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts’ forecasts of tougher times for fashion retailers in Europe, partly due to wetter-than-expected weather in early summer…
- ‘Rural is becoming accretive to FMCG growth in recent months’, says Ritesh Tiwari, CFO, HUL 12 September 2024, financialexpress.com Hindustan Unilever’s (HUL’s) chief financial officer (CFO) Ritesh Tiwari believes that categories such as beauty, foods & health and wellbeing as well as rural markets will drive growth for players in the domestic fast-moving consumer goods (FMCG) industry going ahead…
- LuLu Hypermarket to come up in three metro stations 12 September 2024, retail.economictimes.indiatimes.com The Hypermarkets are coming up at a time when metrorail’s daily average ridership has touched three lakhs for the first time since the metro train services commenced in the city in June 2015. But the average daily patronage is still only 39% of the initial estimated ridership. With the opening of the Hypermarkets, CMRL expects more people to use metro trains for shopping…
- McDonald’s rolls out kiosks that take cash, pushing diners away from cashiers 12 September 2024, retail.economictimes.indiatimes.com McDonald’s is advancing towards a future with minimal human cashiers by introducing new digital ordering stations in the US. These stations, which can handle cash transactions and provide change, aim to reduce reliance on cashiers. Although human workers will remain in roles like food delivery and customer service, the new setup encourages customers to use kiosks or mobile apps, thus speeding up service and improving accuracy…
- See beyond the numbers, grow beyond limits with PerceptInsight 12 September 2024, retail.economictimes.indiatimes.com Imagine you are addressing a meeting to delve into stagnating, or worse, declining monthly repeat rates. An eager team member suggests re-launching the marketing campaign, citing past success in reviving dormant users…
- Limited Edt Strengthens Presence in Asia with Entry Into Indian Market 12 September 2024, indianretailer.com The streetwear and sneaker culture has seen remarkable growth globally, and India is no exception. With the fashion industry increasingly focusing on comfort and convenience, this trend has gained significant traction in the Indian retail market…
- New Balance Expands Retail Footprint in India with Jalandhar Store Opening 12 September 2024, indianretailer.com New Balance, known for its high-quality craftsmanship and comfort, continues its retail expansion in India with the launch of its first store in Jalandhar, located in the bustling Model Town Market…
- Mila Beauté Enhances Retail Strategy with New VP Shailendra Gaur 12 September 2024, indianretailer.com Mila Beauté, an Indian beauty brand with a global outlook, has announced the appointment of Shailendra Gaur as its new Vice President of Retail. In his new role, Shailendra will lead the brand’s retail growth and oversee…
- Discover Top 7 Luxury Chocolates Brands in India: Savor the Finest 12 September 2024, indianretailer.com Let’s all admit that it’s hard to say no to luxury chocolate. Not only do kids like them, but so do the elderly. Did you know that chocolate may also improve our mood? Chocolates have the ability to increase serotonin production…
- Fruit of the Loom Partners with Bradford License India in the Indian Market 12 September 2024, indianretailer.com Fruit of the Loom, the iconic American apparel brand, has partnered with Bradford License India to bring its unique blend of affordable quality, comfort, and style to Indian consumers through strategic licensing partnerships…
- Karnataka Prepares for Invest Karnataka 2025 with Focus on Inclusive Growth 12 September 2024, indianretailer.com Karnataka is gearing up for its next big investment event, Invest Karnataka Summit 2025 (Global Investors Meet 2025), aimed at driving growth in India’s industrial and retail sectors…
- Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores 12 September 2024, indianretailer.com Bengaluru’s very own Origin, India’s first-ever fresh produce brand, has officially launched, promising lightning-fast delivery of over 250 varieties of fruits, veggies, herbs, and exotic produce — all within just 12 hours of harvest!…
- Bhakti Modi takes charge as CEO of Reliance Retail’s omni-channel beauty platform Tira 11 September 2024, retail.economictimes.indiatimes.com Bhakti Modi, daughter of Mukesh Ambani’s key associate Manoj Modi, has been handling strategy and execution as part of the leadership team at Reliance Retail as a cofounder since its official launch by Isha Ambani in April 2023. She was involved in strategy and new business initiatives for a while at Reliance Retail…
- Impresario expanding with tech-driven innovation, aims to open 100 outlets of SOCIAL in next 4-5 years 11 September 2024, retail.economictimes.indiatimes.com Impresario Entertainment & Hospitality is expanding its presence in tier 2 and tier 3 cities with a tech-first approach. The company aims to grow its SOCIAL network to 100 outlets in the next 4-5 years, leveraging technology, cultural relevance, and resilience. It also plans to expand cloud kitchen models and delivery-only concepts to meet rising demand and cater to new-age tech-savvy consumers…
- Lulu Group aims to up agri sourcing from India to Rs 15,000 crore in two years, says CMD 11 September 2024, retail.economictimes.indiatimes.com Lulu Group from the UAE plans to raise its Indian agricultural procurements to Rs 15,000 crore over the next two years. With a special focus on organic goods, the company aims for Rs 2,000 crore annually. Investments include a logistics hub in Noida and an almost complete food plant in Kashmir…
- 10-min food delivery to grab 20% of food-tech market, says Curefoods’ Ankit Nagori 11 September 2024, retail.economictimes.indiatimes.com “I wouldn’t be surprised if 10-20% of the entire food-tech industry adopts the 10-minute model within the next 18 months. This could very well be the future of how we eat.”..
- GIRS: Unlock the next big wave of retail at 2nd edition of GIRS on Feb 20-21, 2025 in Mumbai 11 September 2024, retail.economictimes.indiatimes.com The highlight of the 2-day GIRS summit will be 200+ speakers, 1000+ attendees, 50+ exhibitors, and 500+ brands. The agenda of GIRS 2025 (Great India Retail Summit) revolves around the theme ‘Retail Futurescape: Creating Tomorrow’s Possibilities’ providing endless opportunities to shape the future of retail. Unlock the next big wave of retail…
- Archies betting big on quick commerce platforms; plans global expansion 11 September 2024, retail.economictimes.indiatimes.com Archies, a major player in gifts and greeting cards, aims to triple its sales to Rs 15-18 crore through quick-commerce platforms by this fiscal end. The company plans global expansion into the Middle East, UK, Canada, and Southeast Asia while also opening new stores in North India and boosting online presence…
- Barkha Singh on crafting her brand: Navigating content, celebrity endorsements, and entrepreneurship 11 September 2024, retail.economictimes.indiatimes.com Singh’s journey in brand endorsements reflects the changing dynamics of media. “When I used to do television, the only choice I had was whether to do or not do the ad. Brands mostly relied on print and TV, and as an actor, it was about taking what came your way,” she explained. With the rise of digital platforms, that equation has shifted significantly…
- This Diwali, quick comm comes bearing gifts; platforms partner FMCG brands for special packs, offers, ads 11 September 2024, retail.economictimes.indiatimes.com Quick commerce companies are collaborating with FMCG brands like Parle, Mondelez, and ITC for the festive season. They are aiming to boost inventory levels by 60% and offer special packs and promotions on chocolates, sweets, dry fruits, and cookies. The platforms are also partnering with consumer electronics companies for kitchen appliances and personal care products…
- Swiggy takes Instamart to 43 cities ahead of festive season 11 September 2024, retail.economictimes.indiatimes.com “The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products-from everyday essentials to electronics delivered in just 10 minutes from both national and local brands,” said Amitesh Jha, chief executive officer of Swiggy Instamart…
- Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports 11 September 2024, retail.economictimes.indiatimes.com “The open offer is being made by the acquirer along with the Person Acting in Concert (PACs) for acquisition of up to 60.99 lakhs shares, constituting 26% ol the equity share capital of the target company, at a price of Rs41 per share,” it said in a BSE filing…
- Retail, consumer CEOs see shorter tenures as boards act more quickly 11 September 2024, retail.economictimes.indiatimes.com CEOs in retail and consumer goods sectors face shorter tenures as corporate boards act faster to replace them. Driven by increased investor activism and the need for rapid innovation, boards are making swift changes to signal improvement. The trend highlights a lack of patience at the board level, aiming for quick results…
- Rajnish Wellness to invest Rs 50 cr to open 33 new stores 11 September 2024, retail.economictimes.indiatimes.com “Our company has ambitious plans to establish 33 shops which align with our vision of providing accessible and affordable healthcare solutions to people across India. These shops will operate on a much larger scale than traditional supermarkets, making them a valuable asset for our company in the years to come,” said Rajnish Kumar Singh, Promoter of Rajnish Wellness…
- Xiaomi India appoints former Motorola boss Sudhin Mathur as new COO 11 September 2024, retail.economictimes.indiatimes.com Xiaomi India has appointed Sudhin Mathur, former Motorola India head, as chief operating officer as it marks a decade in the country. Mathur will play a key role in shaping and executing Xiaomi’s strategic vision to maintain growth momentum and achieve business goals, according to a company statement…
- Smartphone retailers request price parity to Apple, Samsung and other phone brands 11 September 2024, retail.economictimes.indiatimes.com Mobile phone retail chains in South India have requested smartphone brands to maintain price parity between online and offline stores during the festive season. The South India Organised Retailers Association, representing 21 chains, emphasized that fair pricing would benefit brands, retailers, and customers alike by promoting fairness and enhancing the overall customer experience…
- Cobb Apparels Expands Retail Footprint with 600th Store Opening in Jammu 11 September 2024, indianretailer.com Cobb Apparels, a leading garment retail brand and exporter, has reached a significant milestone with the opening of its 600th store in India. The new location, situated in Bari Brahmana, Jammu, marks the latest expansion in Cobb Apparels’ growing retail presence across the country…
- Reliance Retail and Delta Galil Forge Strategic Apparel Partnership in India 11 September 2024, indianretailer.com Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
- Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs 11 September 2024, indianretailer.com IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
- ONDC Appoints R.S. Sharma as Non-Executive Chairperson 11 September 2024, indianretailer.com The Open Network for Digital Commerce (ONDC) has announced the appointment of Dr. R.S. Sharma as the Non-Executive Chairperson. This move is expected to accelerate the adoption and expansion of ONDC within the retail sector in India…
- Lykli Noida’s Rs 5,500 Crore Retail Wonderland: 9,000 Jobs and IKEA Magic! 11 September 2024, indianretailer.com Noida’s skyline is about to change, and it’s not just another regular shopping centre. It’s Lykli, the second “meeting place” from Ingka Centres, part of the Ingka Group, which also owns IKEA…
- PN Gadgil Jewellers Secures Rs 330 Cr from Anchor Investors Ahead of IPO 11 September 2024, indianretailer.com PN Gadgil Jewellers Ltd announced that it has successfully raised Rs 330 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription…
- Mohali Walk Elevates Entertainment with New PVR INOX 7-Screen Multiplex 11 September 2024, indianretailer.com Mohali Walk, located in Sector 62, Mohali, has elevated the city’s entertainment landscape with the grand launch of PVR INOX’s state-of-the-art 7-screen multiplex…
- Phoenix Mall Celebrates Milestone Year with Zara Launch and Dining Hub 11 September 2024, indianretailer.com Phoenix Mall of the Millennium is celebrating its first anniversary, highlighting a year of incredible success and rapid growth. Over the past year, the mall has grown to include 280 stores, with plans to expand to 300 by…
- boAt Expands Smartwatch Portfolio with Storm Call 3 Plus 11 September 2024, indianretailer.com boAt, India’s leading audio and wearables brand and the world’s second-largest, introduces the Storm Call 3 Plus, a premium smartwatch designed to combine style with advanced technology…
- RENÉE Cosmetics Unveils ‘RENÉE Everyday’—A Skincare-Infused Makeup Collection 11 September 2024, indianretailer.com RENÉE Cosmetics, a prominent name in India’s beauty and skincare industry, has launched its latest makeup collection, RENÉE Everyday. This innovative range merges skincare and beauty, offering a fresh, effortless look that complements daily self-care routines…
- Reliance in pact with Israeli apparel company Delta Galil 10 September 2024, retail.economictimes.indiatimes.com Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta’s global brands to the Indian market, expanding Reliance’s already significant presence in the innerwear segment…
- Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs 10 September 2024, retail.economictimes.indiatimes.com IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
- ETRetailCafe: Modi Enterprises’ Samir Krishan Modi on his mantras of success 10 September 2024, retail.economictimes.indiatimes.com Samir Krishan Modi shares that nothing remains constant. He highlighted the importance of employees, innovation, and tech in redefining the success of the company…
- Footwear manufacturer Mochiko to double production capacity with Rs 300-400 cr investment 10 September 2024, retail.economictimes.indiatimes.com Talking to ETRetail, Ganguly shared that the company is building a large facility for Mochiko in Noida which is expected to become operational in the next 2 months, followed by another production unit in South India in the next 6-8 months. Ganguly added that the company will invest Rs 300 – 400 crore in building these capacities…
- Carrefour teams up with Dubai’s Apparel Group to expand into India 10 September 2024, retail.economictimes.indiatimes.com The partnership will be aimed at North India initially, with further expansion planned across the country and the first store openings expected in 2025, Carrefour said on Friday…
- As HUL reviews ice-cream biz, cos line up for a scoop 10 September 2024, retail.economictimes.indiatimes.com Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall’s and Magnum contribute about 3% to HUL’s annual sales of over ₹60,000 crore…
- iPhone 16 series to help Apple touch record 8% share in 2024 in India, say market trackers 10 September 2024, retail.economictimes.indiatimes.com Apple has unveiled the iPhone 16 series at its Glowtime event, featuring Apple Intelligence for enhanced AI capabilities. The new models are expected to attract users upgrading from older versions. Despite unchanged prices, the launch is seen as crucial for Apple’s market share in India, particularly in the premium segment..
- Expect India to be among Amway’s top three global markets in five years: Country MD Rajneesh Chopra 10 September 2024, retail.economictimes.indiatimes.com Amway aims to make India one of its top three global markets within five years, investing USD 4 million in four new R&D centers. The company plans to expand its customer base from 2 million to 5 million and develop products for Southeast Asia. Amway is committed to adhering to Indian laws and contributing to the Make in India initiative…
- Carlyle hires Ex-Bajaj Electricals CEO Anuj Poddar 10 September 2024, retail.economictimes.indiatimes.com Carlyle has appointed Anuj Poddar, former CEO of Bajaj Electricals, as head of global portfolio solutions for Asia. Poddar will collaborate with Carlyle Asia’s investment advisory teams and leaders to drive transformational change and performance in portfolio companies. He will be based in Mumbai…
- India inflation likely held steady at five-year low of 3.50% in August: Reuters poll 10 September 2024, retail.economictimes.indiatimes.com Indian consumer inflation probably held below the Reserve Bank of India’s 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year’s high base, a Reuters poll of economists found…
- Daewoo enters home appliances segment to expand share in Indian market 10 September 2024, retail.economictimes.indiatimes.com “The small home appliance market in India is enormous, with room for everyone. Consumers have gradually shifted towards high-quality products that come with reliable after-sales services and warranties,” said H S Bhatia, Managing Director of Daewoo India…
- Jaypore Opens New Store in Guwahati, Showcasing Artisanal Craftsmanship 10 September 2024, indianretailer.com Jaypore, a celebrated name in India’s artisanal and handcrafted retail space, has officially launched its newest store in Guwahati on GS Road. Known for curating an exquisite collection of artisanal apparel, home…
- Stove Kraft Unveils Multi-Functional Pigeon AirFusion Air-Fryer Rotisserie Oven 10 September 2024, indianretailer.com Stove Kraft, a leader in home and kitchen solutions, has unveiled its latest innovation—the Pigeon AirFusion Air-Fryer Rotisserie Oven. This versatile appliance combines the functions of an air fryer, oven, toaster, and grill (OTG), with advanced rotisserie features, all packed into a compact and sleek design…
- Carrefour Re-enters Indian Retail Space in Collab with Apparel Group 10 September 2024, indianretailer.com France’s largest supermarket operator, Carrefour, is making a return to the Indian retail market through a franchisee partnership with Dubai-based Apparel Group…
- Shoppers Stop Unveils Its Pujo Collection at South City Mall Fashion Show 10 September 2024, indianretailer.com Shoppers Stop, India’s leading omnichannel destination for premium fashion, beauty, and gifting, launched its much-anticipated Pujo Collection in a spectacular fashion show at South City Mall, Kolkata…
- Lulu Mall Kozhikode Opens, Marks New Era of Modernization in Kerala 10 September 2024, indianretailer.com UAE-based multinational conglomerate Lulu Group has officially opened its latest shopping destination in Kozhikode, marking a significant milestone in the region’s development…
- Acer’s Project DualPlay Sets New Standards for Gaming Laptop Design 10 September 2024, indianretailer.com Acer has unveiled its latest concept, the Project DualPlay gaming laptop, during the next@acer global press conference in Berlin, Germany. Designed for the growing gaming community, this Predator series concept aims to…
- Jockey Targets Gen Z with Refreshed ‘Nothing Fits Better’ Campaign 10 September 2024, indianretailer.com Page Industries, the exclusive licensee of JOCKEY International Inc continues to push the growth of Jockey’s men’s innerwear segment in India, with a renewed focus on younger audiences, particularly Gen Z…
- Philips Appoints Bharath Sesha as Managing Director for Indian Subcontinent 10 September 2024, indianretailer.com Philips, a global leader in healthcare technology, announced on Monday that Bharath Sesha has been appointed as the Managing Director (MD) for the Indian subcontinent, effective from September 1, 2024…
- Nykaa Strengthens Leadership with Sukhleen Aneja as Business Head for Kay Beauty 10 September 2024, indianretailer.com In a strategic move to bolster its celebrity beauty brand, Kay Beauty, India’s leading beauty and fashion retailer, Nykaa, has appointed Sukhleen Aneja, former CEO of Good Brands Co (part of the Good Glamm Group), as the new Senior Vice President and Business Head…
- Aurea Expands Portfolio with The Body Shop Acquisition 10 September 2024, indianretailer.com Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has announced the completion of its acquisition of The Body Shop, a pioneering brand in ethical beauty. The acquisition reflects Auréa’s commitment to investing in purpose-led, differentiated brands, particularly in the Beauty, Wellness, and Longevity sectors…
- Evaluating the ROI of Experience Studios in the Retail Sector 10 September 2024, indianretailer.com Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an…
- E-commerce and Jewelry: Navigating the Online Retail Landscape 10 September 2024, indianretailer.com The retail industry has undergone a significant transformation with the rise of e-commerce, and the jewelry sector is no exception. In 2023, global e-commerce sales in the jewelry market reached approximately $250 billion, a figure expected to grow by 8 percent annually…
- Zepto Drives Ganesh Chaturthi Sales with a Surge in Festive Treats and Eco-Friendly Idols 10 September 2024, indianretailer.com Zepto, India’s rapidly expanding consumer internet company, is reshaping how families across the country celebrate Ganesh Chaturthi. With a sharp rise in sales, the company has reported selling 1,500 ready-made modaks per hour, along with a steady 500 modak moulds per hour…
- Apple’s Reveals iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more Next-Level Tech for 2024 10 September 2024, indianretailer.com Apple’s annual Glow event once again showcased the brand’s ability to blend cutting-edge technology with sleek design. CEO Tim Cook opened the event with a speech that celebrated Apple’s ongoing commitment to innovation, sustainability, and user-centric features…
- County Group Secures Development Rights Of 7.9-Acre In Gurugram 09 September 2024, rprealtyplus.com Delhi-NCR-based County Group has secured development rights of a 7.9-acre land parcel in Gurugram for Rs 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited, according to documents accessed by CRE Matrix, a real estate analytics firm…
- Made-in-India iPhone 16 to become available globally within days of sales launch 09 September 2024, retail.economictimes.indiatimes.com Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said…
- Snacking while binge-watching? OTTs, brands smell opportunity 09 September 2024, retail.economictimes.indiatimes.com Snack brands are partnering with streaming platforms like Netflix, Amazon Prime Video, and Disney Hotstar to offer co-branded packs tailored for binge-watching. Brands such as 4700BC, KitKat, Cornitos, and Pringles are launching these products to target the growing number of OTT users in India…
- Tata Starbucks brewing innovation in a tea-drinking nation, expands with experiential store 09 September 2024, retail.economictimes.indiatimes.com In an interaction with ETRetail, Sushant Dash, CEO of Tata Starbucks, said, “We have nearly doubled our stores in the last three years, and we will continue to expand further.” The growth will be driven by diverse store formats, including drive-throughs, metro outlets, and airport locations, catering to the evolving needs of consumers. “The fundamental idea will remain the same,” he added, emphasizing the brand’s consistent focus on customer experience…
- Not so fast, quick com(m)-rades 09 September 2024, retail.economictimes.indiatimes.com Two Stanford dropouts, Kaivalya Vohra and Aadit Palicha, have become the youngest Indian billionaires with their quick commerce venture, Zepto. Despite rapid growth, the long-term profitability of such businesses remains uncertain. The competitive landscape challenges established retailers, but the sustainability of high margins is questionable…
- QSR industry focus: Dine-in channel growth remains muted on weakness in SSSG; Zomato, Swiggy fragmenting market share 09 September 2024, financialexpress.com Even as quick-service restaurants (QSR) rapidly expanded their store count after a strong recovery post Covid, the industry is currently witnessing sluggishness on the back of demand slowdown and a challenging macroeconomic environment…
- UAE’s Lulu Group unveils plans for $480 million Mall in Ahmedabad, will create 3,000 jobs 09 September 2024, livemint.com MA Yusuff Ali, CMD of the Lulu Group International, is happy about the UAE-based retailer’s plans to invest in India, ANI reported on September 8. Lulu Group is set to build what is being billed as “India’s largest shopping mall” in Ahmedabad, Gujarat…
- Ice-cream start-ups scoop up funding, heat up action with different serves 09 September 2024, thehindubusinessline.com Cool new flavours and start-ups with unique business models were seen at the recently concluded Indian Ice Cream Expo in Gandhinagar. Take Ice Cream Junction, a niche ice-cream brand floated recently by the Choudhary brothers from Pali in Rajasthan…
- Ikea to launch smaller stores 09 September 2024, financialexpress.com Ikea, the world’s largest furniture retailer known for its signature warehouse-style stores across markets, is now looking at a compact store format of around 30,000-40,000 square feet in the country…
- App-first Gen Z scripting big shifts in consumption trends: Bernstein report 09 September 2024, retail.economictimes.indiatimes.com Indian Gen Zs are the world’s largest, the report said about the cohort born into a digital age, that shops, works and eats online. Gen Z is the generation born between 1996 and 2010…
- Primark Eyes Expansion into UAE Retail Market 09 September 2024, indianretailer.com International fashion retailer Primark is poised to enter the UAE retail sector. Alshaya Group, a leading international retail franchise operator, announced a strategic partnership with the British brand to explore store openings in the Middle East…
- Managing Supply Chain Disruptions in the FMCG Sector 09 September 2024, indianretailer.com In the bustling landscape of India’s Fast Moving Consumer Goods (FMCG) sector, where demand changes rapidly and competition is fierce, maintaining a consistent supply of goods to consumers is a significant challenge. The total revenue of the FMCG market is expected to grow at a CAGR of 27.9 percent through 2021–27, reaching nearly $ 615.87 billion…
- Mokobara Opens Third Mumbai Outlet, Strengthens Nationwide Presence 09 September 2024, indianretailer.com Travel and lifestyle brand Mokobara has taken another significant step in its retail expansion with the launch of its third store in Mumbai, located at Nexus Seawoods, further solidifying its presence in the city…
- McDonald’s Taps AI for a Personalized Signature Collection Experience 09 September 2024, indianretailer.com McDonald’s India – North and East has introduced its new “Signature Collection,” a range of gourmet burgers aimed at the growing premium segment. With this new lineup, the brand seeks to elevate the quick-service restaurant (QSR) experience, setting a higher standard for quality and flavor…
- Barbie Partners with Reebok for New Collection Inspired by the Dream Gap Project 09 September 2024, indianretailer.com Reebok has teamed up with Mattel’s iconic Barbie brand to unveil a new creative campaign and a comprehensive footwear and apparel collection, celebrating Barbie’s 65th Anniversary…
- The Body Shop Collaborates with Diana Penty for Festive Vitamin C Skincare Campaign 09 September 2024, indianretailer.com The Body Shop, the esteemed British-born ethical beauty brand, has announced a new collaboration with Indian model and actress Diana Penty to highlight its acclaimed Vitamin C skincare range. This partnership focuses on a straightforward skincare routine designed to deliver a natural, radiant glow just in time for the festive season…
- What Makes Starbucks India’s First Experiential Store a Game-Changer for Coffee Lovers 09 September 2024, indianretailer.com Starbucks India has always been synonymous with coffee excellence, innovation, and a seamless customer experience. This year, the iconic brand has taken a bold new step in elevating the coffee culture in the country…
- Evaluating the ROI of Experience Studios in the Retail Sector 09 September 2024, indianretailer.com Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an environment where customers can visualize and engage with the product in a way that goes beyond simple browsing…
- Partnering with like-minded brands builds trust and expands our reach: Shreedha Singh of TAC 09 September 2024, indiaretailing.com The inspiration behind The Ayurveda Co. (TAC) comes from Shreedha Singh’s battle with Urticaria, a persistent skin condition she struggled with for nearly three years, trying countless remedies without success…
- Godfrey Phillips shareholders OK appointment of Bina Modi as MD 07 September 2024, retail.economictimes.indiatimes.com Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company’s shareholders to vote in her favour at the culmination of the company’s annual general meeting on Friday, as per a stock exchange disclosure…
- HUL forms panel of independent directors to evaluate prospects of ice cream biz 07 September 2024, retail.economictimes.indiatimes.com Hindustan Unilever Ltd’s board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC’s earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings…
- Nykaa appoints Sukhleen Aneja to drive Kay Beauty growth 07 September 2024, retail.economictimes.indiatimes.com Adwaita Nayar, executive director Nykaa, CEO Nykaa Fashion and head of owned brands said, “We are delighted to welcome Sukhleen Aneja to the Nykaa Family to lead the Kay Beauty and Nyveda businesses. Sukhleen’s extensive experience in building customer-centric brands will be invaluable as we up our ambition on both brands. For Kay Beauty specifically, her strategic vision, along with Katrina’s marketing mind and might, will enable the INR 150 crore brand to scale to the next level both domestically and internationally”…
- Coca-Cola global EVP Henrique Braun reveals co’s growth strategy for India 07 September 2024, retail.economictimes.indiatimes.com Coca-Cola is segmenting India into clusters to identify areas with faster growth potential. The company sees India as a key market with significant growth opportunities despite uneven recovery trends post-pandemic. Coca-Cola India’s revenue and profit saw substantial increases in FY23, reflecting strong market performance…
- ETRetail concludes 4th edition of e-commerce and digital natives summit 2024 in Bengaluru 07 September 2024, retail.economictimes.indiatimes.com The event featured vibrant panel discussions, thought-provoking fireside chats, and a startup kickoff session. In addition, there were dedicated tracks on the customer journey and marketing excellence, fostering valuable networking opportunities, and culminating with the E-commerce and Digital Natives Awards, which celebrated the trailblazers of the e-commerce and D2C industries…
- Ecommerce companies set to run smartphone sales show this festival season 07 September 2024, retail.economictimes.indiatimes.com Better pricing deals from phone makers for the online channels are expected to tilt the scales in their favour. “Overall, the split is expected to be 50:50 for the second half of the year, but online is expected to grow faster than offline during the festive season because of the ongoing tiff with retailers over preferential pricing which is going to increase during the festive season sales,” said Upasana Joshi, research manager, IDC India…
- Reliance eyeing to get third-time lucky in quick commerce 07 September 2024, financialexpress.com The retailer, which has a network of nearly 19,000 stores in the country, has begun trial or pilot runs of 30-minute delivery services under JioMart in key cities within states such as Maharashtra and Karnataka…
- Baazar Style upbeat on higher margins this year, says private labels key to growth 07 September 2024, moneycontrol.com Rekha Jhunjhunwala-backed Baazar Style Retail is confident of sustaining the current CAGR growth rate and hopes to improve on the margin, compared to FY24 levels…
- Decathlon enters quick-commerce space through Zepto 07 September 2024, retail.economictimes.indiatimes.com Commenting on the partnership, Sankar Chatterjee, CEO at Decathlon India, said, “As the demand for an active lifestyle in the country continues to grow, we are committed to being part of this journey. This partnership further strengthens our mission to move people through the wonders of sport by quickly and efficiently delivering sporting products and equipment directly to their doorsteps.”..
- Retail business closure to focus on core cigarette biz: GPI Chairperson Bina Modi 07 September 2024, retail.economictimes.indiatimes.com In her address to the shareholders, Bina Modi said, “this focus on our core business is in consonance with the ‘Theory of Core Competency’ propagated by the late global management guru Professor CK Prahalad. This strategy has also led us to the closure of our retail business 24Seven. At times we need to bite the bullet in the long-term interest of the company and shareholders.”..
- Two Brothers Organic Farms appoints ex-Tata Cliq director as COO 07 September 2024, retail.economictimes.indiatimes.com Two Brothers Organic Farms has appointed Anupam Kapoor as chief operating officer to enhance its senior leadership team. Kapoor will manage core operations and new product development, focusing on infrastructure and product quality. This move follows the agritech startup’s Rs 58.2 crore Series-A funding round…
- Bird Group has ambition expansion plans for quick service, casual dining market 07 September 2024, retail.economictimes.indiatimes.com “We are diligently executing strategic initiatives across all our business verticals, ensuring we not only meet but potentially exceed these targets. By staying true to our core values of quality, innovation, and customer satisfaction, we are confident in our ability to achieve these significant milestones and continue driving growth for our company,” said Rahul Sehgal, business head, Bird Foods…
- Starbucks Unveils First Experiential Coffee Store in New Delhi 07 September 2024, indianretailer.com US-based coffee giant Starbucks has unveiled its first-ever coffee experiential store in India, located in Punjabi Bagh, New Delhi, marking a significant expansion in the country. The new store offers a unique coffee experience, featuring 16 specialty coffees from around the globe…
- Titan Expands Presence in Chandni Chowk with Six New Stores 07 September 2024, indianretailer.com Titan Company Ltd., the renowned Indian jewelry retailer and watchmaker under the Tata Group, has opened six new stores in Chandni Chowk, one of Old Delhi’s busiest and most iconic markets…
- D’Decor Expands Its Presence with New Flagship Store in Delhi 07 September 2024, indianretailer.com D’Decor, a leader in India’s premium home furnishing fabric industry, has opened its flagship store on MG Road, Delhi, on 5th September 2024. Known for its excellence in quality, innovation, and design, D’Decor aims to set a new standard in the home textile sector with this expansive showroom…
- Ganesh Chaturthi Gift Ideas: From Eco-Friendly Idols to Luxury Home Decor 07 September 2024, indianretailer.com Ganesh Chaturthi, the festival that marks the birth of Lord Ganesha, is a celebration of the significance of the cycle of birth, life, and death. It is for the first time that Ganapati is described in a brief context in Rigveda in the…
- Bvlgari’s New Mangalsutra Necklace Combines Heritage and Modern Elegance 07 September 2024, indianretailer.com Bvlgari, a prominent name in high jewelry, has expanded its retail offerings in India with the launch of the new Bvlgari Bvlgari Mangalsutra sautoir necklace. This addition follows the success of the initial Mangalsutra…
- Asos Sells 75 Pc Stake in Topshop and Topman to Danish Retailer Heartland 07 September 2024, indianretailer.com Online fast-fashion giant Asos has agreed to sell a 75 percent majority stake in its Topshop and Topman brands to Heartland, a company controlled by Danish retail mogul Anders Holch Povlsen, owner of the fashion and lifestyle group Bestseller…
- Asos Sells Majority Stake in Topshop and Topman to Bestseller’s Parent Company 07 September 2024, indianretailer.com Asos Plc, the UK-based online fashion retailer, has agreed to sell a 75 percent stake in its Topshop and Topman brands to Heartland A/S, a company owned by Denmark’s Holch Povlsen family, which also owns retail group Bestseller A/S…
- Cantabil Retail India Ltd. Hits 550-Store Milestone with New Openings in Delhi 07 September 2024, indianretailer.com Cantabil Retail India Ltd., a prominent Indian apparel brand, has reached a notable milestone by surpassing 550 stores across the country. The company celebrated this achievement with the launch of four new stores in Delhi…
- India’s Potential SM REITs Market Value To Exceed USD 60 Bn 06 September 2024, rprealtyplus.com As per CBRE South Asia Pvt. Ltd, report, the potential Small and Medium Real Estate Investment Trusts (SM REITs) market size in India is expected to exceed USD 60 bn by 2026…
- CREDAI Bengaluru urges government to implement reforms in real estate development 06 September 2024, realty.economictimes.indiatimes.com The key areas of focus include providing clarity on the transferable development rights (TDR) issue that has been long pending and simplifying the regulations. The CREDAI Bengaluru opines that it..
- Durable Goods Dominate India’s Retail Market: 12.4% Spike in Consumption Expenditure in Q1-FY25! 06 September 2024, indianretailer.com The consumer goods industry has seen notable shifts in consumption patterns in Q1-FY25, with production and price data offering key insights into the evolving demand landscape…
- Top 5 Music Streaming Platforms/Sites in India for 2024 06 September 2024, indianretailer.com In India, music is an integral part of daily life, and with the rise of digital platforms, music streaming has become the preferred way to enjoy favorite tracks, discover new artists, and explore diverse genres…
- The Collective Expands Luxury Offerings at Pacific Mall Tagore Garden 06 September 2024, indianretailer.com Pacific Mall Tagore Garden has introduced a new addition to India’s retail landscape with the launch of *The Collective*, a luxury multi-brand retail concept. Situated on the ground floor of the mall, The Collective spans 4,492.2 square feet of covered space, with a super built-up area of 7,487 square feet…
- Top Organic Ingredients to Celebrate National Nutrition Week 2024 06 September 2024, indianretailer.com A nutrition-rich diet isn’t just about eating enough food; it’s about making informed choices that include a variety of foods and a balance of nutrients. To meet the body’s diverse nutritional requirements, it’s crucial to understand the components of a healthy diet and how they contribute to physical and mental health…
- Xolopak India Secures Investments from Bollywood Stars Ahead of IPO 06 September 2024, indianretailer.com Xolopak India, a leading manufacturer of sustainable disposable packaging, has announced new investments from Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar in a pre-IPO funding round…
- DeVANS Expands Six Fields Portfolio, Enters Premium Lager Market 06 September 2024, indianretailer.com Indian alcohol beverage (alcobev) company DeVANS has expanded its Six Fields beer lineup to enter the premium lager segment, aiming to strengthen its presence in the growing retail and hospitality sectors in India…
- Marudhar Rocks International Bags Rs 150 Cr Investment from Bharat Value Fund 06 September 2024, indianretailer.com Marudhar Rocks International Private Limited, a leading building materials company in India, has secured Rs 150 crore from Bharat Value Fund (BVF) through a private placement round, valuing the company at approximately Rs 2,300 crore…
- Quick Commerce to Revolutionize Indian Retail Landscape with $10 Bn Gross Order Value by FY26 06 September 2024, indianretailer.com The Indian retail industry, long dominated by traditional food and grocery markets, is on the cusp of a transformative shift as quick commerce companies rapidly gain traction…
- Anamika Khanna X H&M Collection Almost Sold Out in 32 Minutes on Myntra: Venu Nair 06 September 2024, indianretailer.com Indian couture designer Anamika Khanna’s collaboration with H&M saw an overwhelming response, with nearly the entire collection selling out in just 32 minutes on Myntra…
- Daikin Expands in India as Air Conditioning Demand Soars 06 September 2024, indianretailer.com Daikin Industries Ltd., the world’s largest air conditioner manufacturer, is gearing up for further expansion in India as rising temperatures increase the demand for cooling solutions…
- Colgate-Palmolive Expands Oral Beauty Range with Visible White Purple Toothpaste 06 September 2024, indianretailer.com Colgate-Palmolive (India) Limited, a leading name in India’s oral care market, has introduced a new product targeting the growing interest in oral beauty. The company has launched its Visible White Purple toothpaste, a first-of-its-kind innovation in India that aims to appeal to young urban consumers…
- Ranveer Singh Becomes Equity Partner in India’s Allied Blenders 06 September 2024, indianretailer.com Bollywood star Ranveer Singh has entered into a business partnership with Allied Blenders and Distillers Limited (ABDL), a leading player in India’s retail and spirits industry…
- Suroskie Launches Dessert Drip Lip Oils for Ultimate Lip Hydration and Color 06 September 2024, indianretailer.com Suroskie, a leading name in the self-care and beauty industry, is excited to announce the launch of its latest innovation: Dessert Drip Lip Oils. These new lip oils are designed to bring together the decadence of dessert…
- Youneek Pro Science Sponsors Pooja Raghu for World Ultimate Championships 2024 06 September 2024, indianretailer.com Youneek Pro Science, the innovative digital-first beauty brand, has announced its sponsorship of Pooja Raghu, a distinguished frisbee athlete competing in the World Ultimate Championships 2024 in Gold Coast, Australia…
- Indus Valley Unveils Ready-to-Use Hair Care Range with 24 Whole Herbs 06 September 2024, indianretailer.com Indus Valley, a leader in organic and natural beauty products, has launched a premium range of Ready-to-Use Hair Care Pastes. These pastes are designed to provide effortless and effective solutions to common hair concerns, combining age-old wisdom with modern science…
- The Leela Palaces Collabs with Chef Prateek Sadhu to Showcase Himalayan Cuisine 06 September 2024, indianretailer.com The Leela Palaces, Hotels, and Resorts has announced an exclusive collaboration with Chef Prateek Sadhu, in partnership with Conosh, to bring his renowned restaurant concept, NAAR, to four of its iconic properties…
- Swiggy Demonstrates Strong Financial Performance Ahead of IPO 06 September 2024, indianretailer.com Swiggy, a major player in India’s food delivery and quick commerce market, has reported robust financial figures as it prepares for its upcoming Initial Public Offering (IPO). The Bengaluru-based company’s operating revenue…
- Why Food Safety & Hygiene is Important for Restaurants 06 September 2024, indianretailer.com Food safety and hygiene practices in restaurants play an important role. Inadequate food safety procedures may result in food-borne infections, endangering customers and undermining the restaurant’s reputation…
- CapitaLand Investment To More Than Double Investments In India 05 September 2024, rprealtyplus.com CapitaLand Investment Limited (CLI), a global real asset manager, has unveiled a target to more than double its funds under management (FUM) in its core market India by 2028, up from S$7.4 billion (INR 458.8 billion) as at 30 June 2024…
- Bhumika Group Appoints Siddharth Katyal As CEO 05 September 2024, rprealtyplus.com Bhumika Group, North India’s leading real estate developer seeking to expand its footprints in Rajasthan and NCR, has announced that it has appointe Siddharth Katyal as its new Chief Executive Officer…
- Goa government to examine permissions for DLF, Bhutani Infra projects 05 September 2024, realty.economictimes.indiatimes.com Town and Country Planning Minister Vishwajit Rane made the announcement here. His department will examine the permissions granted to DLF for a villa project at Reis Magos in North Goa district and that to Bhutani Infra’s project at Sancoale in South Goa district, he said…
- Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play 05 September 2024, retail.economictimes.indiatimes.com Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola…
- EDNS 2024: Gen-Z consumers important in India growth story, says Myntra CEO Nandita Sinha 05 September 2024, retail.economictimes.indiatimes.com Sinha’s insights highlight the evolving landscape of consumer behavior in India, where Gen-Zs are emerging as a discerning, financially savvy, and research-oriented demographic. As this generation continues to shape the future of consumption, brands and businesses will need to adapt to their unique preferences and values…
- Britannia in talks to buy northeast’s Kishlay Foods 05 September 2024, retail.economictimes.indiatimes.com Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
- Britannia in talks to buy northeast’s Kishlay Foods 05 September 2024, retail.economictimes.indiatimes.com Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
- Zomato’s big Paytm play puts a spanner in KKR’s BMS plans 05 September 2024, retail.economictimes.indiatimes.com KKR is talking to BookMyShow, India’s largest online ticket-booking platform, to rejig the details of the $250-300 million investment it was planning for a minority stake. Zomato recently bought Paytm’s live ticketing business in a deal valued at over Rs 2,000 crore…
- Swiggy operating revenue jumps 36% in FY24, losses down 44% 05 September 2024, retail.economictimes.indiatimes.com According to the food and grocery delivery company, the rise in revenue is driven by higher commissions and advertising fees, user fees, and incremental revenue from ticket sales for events. Integrating Dineout with the Swiggy app also helped…
- Dolce & Gabbana’s operating loss widens to $14.4 million in 2023-24 05 September 2024, retail.economictimes.indiatimes.com The holding, which controls the Italian fashion house founded by the designer duo Stefano Gabbana and Domenico Dolce, posted a 17% increase in revenues to 1.87 billion euros in the 12 months to March 31…
- Wellbeing Nutrition expands leadership team to accelerate growth plans 05 September 2024, retail.economictimes.indiatimes.com Wellbeing Nutrition has appointed Harleen Bhatti as vice president of D2C and Kunwarjeet Singh Grover as head of growth. This leadership expansion is part of the company’s strategy to achieve a 100 per cent YoY growth rate and an annual recurring revenue (ARR) of Rs 240 crore, focusing on both online and offline markets…
- India Inc extends gender diversity push to temporary hiring for festive season 05 September 2024, retail.economictimes.indiatimes.com India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced…
- India beauty, personal care market expected to reach $34 bn by 2028: Nykaa report 05 September 2024, retail.economictimes.indiatimes.com According to the report, e-commerce is poised to be the biggest driver of this growth and the fastest-growing segment, anticipated to achieve a CAGR of around 25 per cent. “Rising aspirations and higher incomes among Indian consumers will propel the market for premium beauty, expected to reach USD 3-3.2 billion by 2028. With 520-560 million users in 2023, the democratisation of beauty expertise via social media is significantly influencing consumer choices,” a statement said…
- Epack Durable partners with Symphony to manufacture air coolers in growing Indian market 05 September 2024, retail.economictimes.indiatimes.com Epack Durable has teamed up with Symphony to manufacture air coolers as an OEM. This partnership aims to leverage Epack’s manufacturing capacity and diversify its customer base. The Indian air cooler market is projected to grow significantly, with Symphony and Epack reporting substantial profit and revenue increases in the first quarter of FY25…
- India remains fastest growing paper market in world: Report 05 September 2024, retail.economictimes.indiatimes.com India’s paper market is experiencing rapid growth, with packaging paper and paperboard consumption rising at 8.2% in 2023-24. The market, driven by demand from FMCG, textiles, pharmaceuticals, e-commerce, and healthcare sectors, benefits from the ban on single-use plastics. Overall paper demand in India grows at 6-7% annually…
- ASUS India Expands Retail Presence with New Pegasus Store in Bhubaneswar 05 September 2024, indianretailer.com As part of its strategy to strengthen its retail presence across India, ASUS India, the Taiwanese tech company, has announced the launch of its new Pegasus store in Bhubaneswar…
- This World Beard Day Transform Your Beard Game with the Top Beard Oil Brands in India 05 September 2024, indianretailer.com This World Beard Day, take your beard care routine to new heights with the best beard oil brands in india. Growing a thick, healthy beard demands more than just time and patience; the right grooming products can significantly impact your results…
- Sarita Handa and Maruva Team Up to Merge Luxury and Wellness in India 05 September 2024, indianretailer.com In a move that aligns with the growing emphasis on sustainability in the beauty and retail sectors in India, Maruva and Sarita Handa have announced a groundbreaking collaboration that merges luxury with wellness…
- Mercedes-Benz Research and Development India Broadens Sustainability Projects 05 September 2024, indianretailer.com Mercedes-Benz Research and Development India (MBRDI) has announced the expansion of its Sustainability Garage initiative, a platform aimed at fostering collaboration among various stakeholders to promote sustainability goals…
- Godawan Single Malt Expands India’s Presence in Global Spirits Market 05 September 2024, indianretailer.com India, currently ranked 40th in global alcoholic beverage exports, has significant untapped potential in the sector. With increasing global demand for Indian spirits, the Agricultural and Processed Food Export Development Authority (APEDA) is focusing on promoting Indian alcoholic and non-alcoholic beverages internationally…
- Raymond Lifestyle Targets Growth in India’s Retail and Wedding Markets 05 September 2024, indianretailer.com Raymond Lifestyle Ltd. (RLL), the lifestyle business segment recently separated from Raymond Ltd will make its debut on the National Stock Exchange and Bombay Stock Exchange on September 5th…
- Godrej Interio Expands Focus on India’s Educational Furniture Market 05 September 2024, indianretailer.com Godrej Interio, a prominent brand in India’s home and office furniture market and a part of Godrej and Boyce under the Godrej Enterprises Group, is making significant strides in expanding its retail presence within the Indian education sector…
- Raymond Lifestyle to Debut on NSE and BSE with Ambitious Growth Plans 05 September 2024, indianretailer.com Raymond Lifestyle Ltd. (RLL), the lifestyle arm that was demerged from Raymond Ltd. in July, is set to debut on the National Stock Exchange and Bombay Stock Exchange on September 5. RLL has ambitious growth plans as an independent listed entity…
- HyFun Foods Expands to All Major Indian Metros, Targets 10 Pc Market Share by 2025 05 September 2024, indianretailer.com HyFun Foods has proudly announced a significant milestone in its retail expansion, having established its presence in all major Indian metropolitan cities, with Kolkata being the latest addition. This achievement, realized just over a year after the brand’s retail launch, marks a key advancement in HyFun Foods’ strategic growth…
- Pilgrim Raises Rs. 75 Cr in Extended Series B Round to Fuel Expansion 05 September 2024, indianretailer.com Pilgrim, a prominent direct-to-consumer (D2C) brand in the beauty and personal care sector, has successfully raised Rs. 75 crore (approximately USD 9 million) in an extended Series B funding round. The round was led by Fireside Ventures and Vertex Ventures…
- Lulu Mall Kozhikode to open on 9 September 04 September 2024, indiaretailing.com UAE-based multinational conglomerate company Lulu Group will open its latest mall in Kozhikode, Kerala on 9 September, as per a social media post by the retail conglomerate…
- Omaxe Group To Launch India’s First Integrated 5-In-1 Destination In Delhi 04 September 2024, rprealtyplus.com Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture…
- Landmark Group To Invest Rs 4,200 Cr In New Gurugram Realty Projects 04 September 2024, rprealtyplus.com Gurugram based Landmark Group plans to invest Rs 4,200 crore to expand its portfolio in residential, retail, and commercial in the next two years. The company’s plans to launch a group housing project along the Dwarka Expressway and a highstreet project in New Gurugram…
- Signature Global Announces Strategic Senior Management Restructuring 04 September 2024, rprealtyplus.com Signature Global, one of India’s leading real estate companies, has taken a strategic step by significantly reconfiguring its senior management team. These decisions underscore the company’s dedication to robust leadership and employee empowerment…
- Kalpataru Ltd Plans To Enter Nagpur Real Estate Market 04 September 2024, rprealtyplus.com Mumbai-based Kalpataru Ltd plans to foray into the Nagpur real estate market. The company is expected to launch a plotted development project spread across 37 acres, market sources told…
- Prestige Estates’ subsidiary buys 4.5 acres in Pune from joint development partner 04 September 2024, realty.economictimes.indiatimes.com The Prestige Group entity had entered into a joint development agreement with the landowner B U Bhandari M&M Realtors LLP through a pact inked in July 2017. Both had agreed to jointly develop the plot out of a larger land parcel..
- AIPL to take rental portfolio to five million sq ft with new projects 04 September 2024, realty.economictimes.indiatimes.com The company currently operates 1.4 million sq ft and by Q2 2025, two projects, AIPL Statement and AIPL Autograph having total leasable area of 3.5 million sq ft would be ready…
- Cash-rich quick commerce firms rush to grab dark store sites 04 September 2024, retail.economictimes.indiatimes.com There is fierce competition for the right sites — now increasingly expensive and difficult to find in large cities — to set up these micro warehouses for servicing localities in the vicinity. Meanwhile, the likes of BigBasket, Zepto, Flipkart Minutes and Swiggy Instamart are recruiting aggressively, as well as poaching, people in the know told ET…
- ETRetailCafe: Dipali Goenka on weaving Welspun Living’s success story 04 September 2024, retail.economictimes.indiatimes.com Dipali Goenka, CEO and MD, Welspun Living shares her secret mantra of building a successful company. She also shares how she gets insights from the customers and delivers the end products to them…
- Philips appoints Bharath Sesha as MD for Indian Subcontinent 04 September 2024, retail.economictimes.indiatimes.com Philips has named Bharath Sesha as the new managing director for the Indian subcontinent, effective September 1, 2024. Sesha will focus on enhancing customer satisfaction and operational excellence. He replaces Daniel Mazon, who has moved to a global role. Sesha has over two decades of experience in the pharmaceutical and chemical industries…
- Godrej Appliances invests Rs 100 crore to add production facility for AI-tech washing machines 04 September 2024, retail.economictimes.indiatimes.com Spread over 1 lakh square feet at Shirwal near Pune, the new facility will strengthen Godrej Appliances’ market presence by adding a capacity of 3 lakh units of front-load washing machines per year, which will almost double the production of automatic washing machine portfolio for the brand…
- Meesho appoints Mohit Rajani as chief product officer 04 September 2024, retail.economictimes.indiatimes.com In his new role, Rajani will lead Meesho’s product organization, overseeing the product management, design, and analytics teams. Previously, he has held leadership roles at tech companies such as Meta, Google, Carta, and Instagram…
- UBL targets 25% sales from premium beers amid growing consumer premiumisation 04 September 2024, financialexpress.com United Breweries (UBL), India’s largest beer manufacturer, anticipates its premium beer brands to contribute 25% of its total sales volume within the next 4-5 years, according to a company official…
- India’s reliance on Chinese imports for MSME goods declining: Official 04 September 2024, retail.economictimes.indiatimes.com “India’s trend of reducing its reliance on Chinese imports, particularly in categories like articles of leather, ceramic products, toys, and musical instruments, contrasts with the trends observed in other major markets, where dependence either remains steady or is increasing. This indicates a strategic shift by India towards diversifying its import sources or bolstering domestic production capabilities,” the official added…
- Mars Cosmetics expands retail presence through Shoppers Stop 04 September 2024, retail.economictimes.indiatimes.com Mars Cosmetics has partnered with the department store chain Shoppers Stop to expand its offline presence across India. The cosmetics company will expand its presence in Shoppers Stop’s 40 stores by the end of this fiscal year FY25…
- Huawei sets up Apple showdown with event hours after new iPhone 04 September 2024, retail.economictimes.indiatimes.com Consumer group chief Richard Yu announced the Sept. 10 reveal on Weibo, teasing “an epoch-making product” that took five years of work and investment. Huawei plans to unveil the world’s first commercial-ready smartphone that folds twice, according to a person familiar with its plans. The company is also preparing an Aito electric vehicle launch, though the final products to be released are subject to change, the person said, asking not to be named discussing private plans…
- “Quick commerce” set to push India’s gross order value to USD 10 bn by FY26 04 September 2024, retail.economictimes.indiatimes.com The growth trajectory of quick commerce is underscored by key players such as Zomato’s Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26. CLSA stated, “We expect Zomato’s Blinkit, Zepto and Swiggy Instamart – the top three players – to reach USD 10 billion in gross order value by FY26 and surpass USD 78bn within a decade…
- Raymond Lifestyle eyes 7% share in men’s-wear wedding market by 2027 04 September 2024, retail.economictimes.indiatimes.com Raymond Lifestyle Ltd. (RLL) will list its shares on September 5, 2024, and plans to expand by adding 900 new outlets over three years. The company aims for a 15% CAGR to capture around 7% of the men’s wear wedding market by 2027. RLL focuses on enhancing its presence in branded textiles, apparel garmenting, and new categories…
- CCD cafe count falls to 450 in FY24, number of operational vending machines rises 04 September 2024, retail.economictimes.indiatimes.com The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to the latest annual report of Coffee Day Enterprises Ltd (CDEL), which owns the chain through its subsidiary Coffee Day Global Ltd…
- Lenskart appoints Jaimit Doshi as its global head of marketing and chief executive officer 04 September 2024, retail.economictimes.indiatimes.com Lenskart has appointed Jaimit Doshi as its global head of marketing and chief executive officer of Hustlr, one of the eyewear retail chain’s brand. He took to LinkedIn and made the announcement…
- Recode Studios Expands Retail Presence with New Store in Mumbai 04 September 2024, indianretailer.com Recode Studios, a prominent name in the cosmetics industry, continues to strengthen its retail presence in India by opening its 18th store in Mumbai. Located at JVMS Clermont, Shop No – 5, LBS Marg, Mulund West, this new store is part of the company’s broader expansion strategy, reflecting its focus on growth within the retail sector…
- Malabar Gold and Diamonds Opens 14th Store in Delhi NCR 04 September 2024, indianretailer.com Malabar Gold and Diamonds, a prominent name in the global retail jewellery industry, has strengthened its presence in India with the opening of its 14th store in the Delhi NCR region…
- Being Human Clothing Expands Retail Presence to Belagavi 04 September 2024, indianretailer.com Being Human Clothing, a well-known fashion brand, has opened its latest store in Belagavi, Karnataka. This expansion highlights the brand’s focus on tapping into the potential of emerging towns in India…
- How Indian Travelers are Fueling Global Tourism Growth: 9 Trends to Watch 04 September 2024, indianretailer.com With their passports in hand and wanderlust in their hearts, Indian travelers are taking the world by storm. In fact, international travel among Indians has surged by 32 percent, with more travelers now taking two or more trips annually…
- Which Brands does Coca-Cola Own? The Complete List 04 September 2024, indianretailer.com When people think about The Coca-Cola Company, they often think of a cold, refreshing Coke. But did you know Coca-Cola owns many other drink brands too? Over the years, Coca-Cola has grown to include different types of drinks…
- India’s Luxury Pre-Owned Market to Hit $1.56 Mn by 2032 04 September 2024, indianretailer.com India’s luxury market is evolving rapidly, with the luxury pre-owned segment emerging as a significant growth driver. As the concept of circular fashion and sustainable luxury gains traction globally, Indian consumers, particularly from affluent segments, are increasingly embracing pre-owned luxury items…
- The New Shop Partners with HMEL to Launch 24/7 Convenience Stores at Fuel Stations 04 September 2024, indianretailer.com Delhi-based convenience retailer The New Shop has forged a strategic partnership with HPCL-Mittal Energy Ltd. (HMEL), a prominent refining and petrochemical company, to establish 24/7 convenience stores at HMEL’s upcoming fuel retail outlets…
- Parle Agro Expands Dairy Portfolio with New SMOODH Lassi 04 September 2024, indianretailer.com Parle Agro has introduced SMOODH Lassi, a new product in its dairy range. This launch marks a significant development in the Indian dairy sector, aligning with Parle Agro’s strategy to innovate and expand within the retail market…
- Top 10 OTT Platforms in India that are Binge-Worthy 04 September 2024, indianretailer.com Since ancient times, our culture has embraced diverse forms of entertainment. Folk and classical music, dance, and theater have all enriched our lives. In the 20th century, technology took off, bringing major advancements to entertainment…
- Orion Mall Introduces 360 Degree Super Immersive Dome Theatre in Bengaluru 04 September 2024, indianretailer.com Orion Mall, in collaboration with Epic Quest Entertainment Pvt Ltd, has unveiled a 360 Degree Super Immersive Dome Theatre at its Brigade Gateway location. This new installation marks a significant addition to the retail and entertainment landscape in India, offering visitors a unique cinematic experience…
- Mumbai Property Market Achieves Decadal High 02 September 2024, rprealtyplus.com Mumbai city (area under BMC jurisdiction) recorded approximately 11,735 property registrations in August 2024, contributing over INR 1072 Crores (Cr) to the state exchequer…
- Signature Global’s Titanium SPR Project Achieves Green Certification 02 September 2024, rprealtyplus.com Signature Global, a leader in sustainable real estate development, added another feather in its cap for its premium residential project, Titanium SPR, located in Sector 71, Southern Peripheral Road (SPR), Gurugram…
- PVR INOX plans monetisation of real estate assets 02 September 2024, realty.economictimes.indiatimes.com Now, PVR INOX will partner with developers to jointly invest in new screen capex by shifting towards a franchise-owned and company-operated (FOCO) model…
- Apparel Group to bet big on India, expand store presence from 250 to 1,000 02 September 2024, retail.economictimes.indiatimes.com Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the company plans to take India’s share to 25 per cent in the next three years…
- Levi’s Marks New Milestone with Launch of Two Stores in Mumbai 02 September 2024, indianretailer.com American denim icon Levi’s has broadened its retail presence in Mumbai with the inauguration of two new stores: one on Linking Road and the other at Infinity Mall in Andheri West, as revealed in a recent social media update by a company official…
- The Evolution of In-Store Experiences to Meet Consumer Demand 02 September 2024, indianretailer.com Imagine walking into a store where the moment you step inside, the ambiance feels like it was designed just for you. The lighting is warm, the scents are subtle but captivating, and every corner seems to tell a story that resonates with your tastes and lifestyle…
- Navigating India’s Retail Market – The Way Ahead 02 September 2024, indianretailer.com The dynamism of the Indian retail sector is unprecedented. India has already become the fourth largest retail market in the world. According to government data, the country’s retail market is expected to reach $1.1 trillion by 2027…
- Marks & Spencer Names Stephen Smy as New Managing Director for India 02 September 2024, indianretailer.com Marks & Spencer (M&S) has announced the appointment of Stephen Smy as the new Managing Director for its Indian operations, succeeding Ritesh Mishra, who left the company in April…
- Enhancing On-Shelf Availability: A Festive Season Blueprint for E-commerce Businesses 02 September 2024, indianretailer.com As consumers across the world embrace e-commerce businesses, OSA has become extremely critical in the current and future online markets. With the latest numbers from Future Market Insights, the global on-shelf availability…
- The Importance of a Consumer-Centric Approach in Shaping the Future of Ethnic Wear fashion 02 September 2024, indianretailer.com The fashion industry is undergoing a transformative shift, with consumer preferences taking center stage. This trend is particularly evident in the ethnic wear segment, where traditional styles meet contemporary demands…
- Ola Electric Joins ONDC Network, Expanding E-Commerce Reach 02 September 2024, indianretailer.com Ola Group founder Bhavish Aggarwal announced on Thursday that all of Ola Electric’s products will be available on the government-backed Open Network for Digital Commerce (ONDC)…
- Verlinvest Acquires significant stake in Blue Tokai with USD 35 mn Funding 02 September 2024, indianretailer.com Verlinvest, a global, family-backed evergreen investment firm, has led a significant investment of US$35 million in Blue Tokai, India’s leading specialty coffee and bakery brand…
- LEGO Expands Gaming Universe with Mario Kart and Animal Crossing Sets 02 September 2024, indianretailer.com The LEGO Group has unveiled an exciting new range of products at Gamescom 2024, including the much-anticipated “Super Mario: Mario Kart” sets and three fresh “Animal Crossing” sets…
- Obeetee Unveils Viraasat Collection: A Tribute to Indian Heritage and Artistry 02 September 2024, indianretailer.com Obeetee, a leading name in the Indian carpet industry, has unveiled its largest and most versatile collection to date, named “Viraasat.” This new collection is more than just a showcase of exquisite craftsmanship; it is a heartfelt tribute to the rich legacy and cultural layers that define India’s heritage…
- Latin Quarters targets Rs 200 crore revenue by FY26, eyes global entry: CEO Rahul Bhalla 02 September 2024, indiaretailing.com The womenswear retailer ended the previous fiscal year with around Rs 108 crore in revenue and is aiming for a monthly run rate of approximately Rs 16-17 crore in the coming months…
- Dabur, Jubilant owners bid for stake in Coca-Cola’s India bottling arm HCCB 02 September 2024, retail.economictimes.indiatimes.com Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets…
- PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets 02 September 2024, retail.economictimes.indiatimes.com PVR INOX plans to close 70 non-performing screens in FY25 while adding 120 new ones, focusing on South India. The company aims to adopt a capital-light growth model and potentially monetize non-core real estate assets to become net-debt free. Revenue strategies include increasing footfalls and optimizing costs…
- Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD 02 September 2024, retail.economictimes.indiatimes.com Speciality Restaurants Ltd CMD Anjanmoy Chatterjee believes India’s restaurant sector will recover despite recent challenges like high food inflation and reduced dining out. He cites strong national fundamentals and anticipates improvement as inflation decreases. The company aims for profitable growth and expansion, focusing on brands like Mainland China and Episode One…
- Tata Consumer Products completes merger of three wholly-owned subsidiaries in India 02 September 2024, retail.economictimes.indiatimes.com TCPL’s portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+…
- Rebel Foods posts rise in FY24 revenue, trims losses 02 September 2024, retail.economictimes.indiatimes.com Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
- Emami acquires full ownership of The Man Company for Rs 177.63 cr 02 September 2024, retail.economictimes.indiatimes.com Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
- Prestige Estates Launches QIP To Raise Rs 5,000 Crore 31 August 2024, rprealtyplus.com Prestige Estates Projects Ltd. has launched a program to sell shares to eligible institutional investors through a Qualified Institutional Placement (QIP) through which it plans to raise up to Rs 5,000 crore…
- M3M India MoU With Oravel Stays To Launch SUNDAY Hotel 31 August 2024, rprealtyplus.com Gurugram-based M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, a global hospitality technology company, have signed a Memorandum of Understanding (MoU) to launch the premium SUNDAY hotel…
- Max Estates plans to raise Rs 800 crore through QIP 31 August 2024, realty.economictimes.indiatimes.com The panel also approved the floor price for the issue at Rs 628.74 per equity share…
- Emami acquires full ownership of The Man Company for Rs 177.63 cr 31 August 2024, retail.economictimes.indiatimes.com Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
- FirstCry logs 17% rise in revenue, lower loss in Q1 FY25 31 August 2024, retail.economictimes.indiatimes.com Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari…
- Blue Tokai Coffee gets a Verlinvest flavour 31 August 2024, retail.economictimes.indiatimes.com Verlinvest is set to invest Rs 200 crore in Blue Tokai Coffee Roasters at a Rs 1,200-crore valuation. Existing investors Hemendra Kothari’s family office and Anicut Capital are also expected to participate. This will be Blue Tokai’s largest funding round as it competes with Starbucks, Tim Hortons, and other cafes in India’s expanding coffee industry…
- Rebel Foods posts rise in FY24 revenue, trims losses 31 August 2024, retail.economictimes.indiatimes.com Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
- Lululemon cuts annual forecasts on tepid US demand, slower product refresh 31 August 2024, retail.economictimes.indiatimes.com Lululemon Athletica shares have declined about 14% in the last three months as investors braced for a forecast cut. They have lost nearly half of their value this year.Comparable sales rose 2%, but missed expectations of a 6.05% increase, driven by a 3% decline in sales in the Americas. Comparable sale surged 21% in China…
- Gap’s turnaround efforts drive quarterly beat in surprise early announcement 31 August 2024, retail.economictimes.indiatimes.com Gap’s second-quarter results beat Wall Street expectations, with strong sales from Old Navy and Gap brands. An accidental early posting of earnings occurred due to an administrative error. The company’s net sales rose 5% to $3.72 billion. Gap is undergoing a brand turnaround, seeing more full-price sales and fewer discounts…
- The House of Rare revolutionises fashion shopping with global app and website launch 31 August 2024, retail.economictimes.indiatimes.com The House of Rare has unveiled the much-anticipated launch of its unified website and app. The amalgamation celebrates the brand’s shared values of unity into a consumer-first, integrated shopping experience….
- Nuts make sweets a costly affair this festival season 31 August 2024, retail.economictimes.indiatimes.com Cashew and almond prices have surged significantly over the past four months, with cashews rising up to 80% and almonds over 15%. Reduced imports and increased local consumption are key factors. Industry leaders expect prices to continue rising until Diwali, but anticipate strong demand despite higher costs…
- D2C startup WellBe Foods aims to reach 25,000 stores across South India by FY25 31 August 2024, retail.economictimes.indiatimes.com Gaurav Manchanda, founder and managing director of WellBe Foods said, “Our goal is not only to reinforce our presence in Hyderabad but also to set a new benchmark for general trade reach across South India – with our snacks with No Nasties and innovative packaging, we are looking to organize the unorganised.”…
- Gillette India PAT up 26.4 pc to Rs 116 cr in Jun qtr 31 August 2024, retail.economictimes.indiatimes.com The sales growth was “driven by a robust portfolio, strong brand fundamentals and superior retail execution”, Gillette India said in an earnings statement, adding its PAT was helped by “strong sales growth in the current quarter”…
- Ulta Beauty lowers annual forecasts on slowing demand for beauty products 31 August 2024, retail.economictimes.indiatimes.com “Our second quarter performance did not meet our expectations,” said CEO Dave Kimbell, adding that the company has updated its annual expectations due to a more cautious outlook…
- Electronics 5th largest export commodity; growing 23% annually: MeitY official 31 August 2024, retail.economictimes.indiatimes.com He also expressed confidence that the country’s net revenue from electronic exports will become positive in coming years with start of local semiconductor production…
- From Walnuts to Wine: How Chile and India Are Transforming Agricultural Trade in 2024 31 August 2024, indianretailer.com Chile and India are deepening their strategic partnership, with a focus on expanding agricultural trade. The year 2023 saw bilateral trade between the two countries amount to an impressive $2,847 billion, with Chile exporting $560 million in goods and services to India…
- Godrej Consumer Transforms Legacy Brand Cinthol with Foam Bodywash Innovation 31 August 2024, indianretailer.com Godrej Consumer Products Ltd (GCPL) has introduced an innovation in India’s retail bodywash segment, valued at approximately Rs 900 crore. The company has launched the Cinthol Foam Bodywash under its Cinthol brand, featuring a foam-based formula that eliminates the need for a loofah…
- Celio India Appoints Rejoy Rajan as Head of Marketing and PR 31 August 2024, indianretailer.com Celio, the French menswear brand, has appointed Rejoy Rajan as its new Head of Marketing & PR for India, a strategic move to strengthen its retail presence in the country. Rajan, a seasoned marketing professional, brings over 16 years of experience in brand management, marketing strategy, customer experience, and digital marketing within the retail industry…
- Converse Launches Run Star Trainer in India 31 August 2024, indianretailer.com Converse has introduced its latest sneaker silhouette, the Run Star Trainer, to the Indian market. Designed for modern women who navigate life with confidence, this new sneaker merges the brand’s historical legacy with contemporary versatility, making it a notable addition to the retail landscape in India…
- Baazar Style Retail Raises Rs 250 Cr from Anchor Investors Ahead of IPO 31 August 2024, indianretailer.com Value fashion retailer Baazar Style Retail Ltd. has announced that it has raised Rs 250 crore from anchor investors, just ahead of its initial public offering (IPO) scheduled to open for public subscription…
- Trehan Iris Partners With Courtyard By Marriott 30 August 2024, rprealtyplus.com Trehan Iris has announced its strategic collaboration with Courtyard by Marriott, bringing the Marriott brand to Noida Region for the 1st time. This collaboration will elevate the luxury and convenience of the Iris Broadway, Greno West a mixed-use development with the addition of a premier Marriott hotel…
- Signature Global Appoints Poulomi Ray As Head Digital Marketing & CSR 30 August 2024, rprealtyplus.com Signature Global, a leading name in the real estate sector, is thrilled to announce the appointment of Poulomi Ray as the new Head of Digital Marketing and CSR…
- Top 10 Premium Cigar Brands in India: A Guide to the Finest Selections for Connoisseurs 30 August 2024, indianretailer.com Best Cigar brands in India: Cigars have always been regarded as tasteful and linked with the higher standards of living throughout the globe. Since the 20th century, almost all cigars have been made of three distinct components: The physical structure of the filling includes a filler, the binder leaf that provides support to the…
- Ultraviolette Expands with New UV Space Station in Ahmedabad 30 August 2024, indianretailer.com Continuing its mission of “Making in India, for the World,” Ultraviolette (UV) has proudly announced the launch of its latest UV Space Station Experience Center in Ahmedabad. This marks the third city in Ultraviolette’s planned expansion across India, following its recent opening in Pune…
- Montblanc Unveils New Boutique at Bengaluru Airport with Latest Neo3 Retail Design 30 August 2024, indianretailer.com Montblanc, the global leader in luxury business lifestyle, has launched its newest boutique in India at Bengaluru’s Kempegowda International Airport, in collaboration with its longstanding partner, AMRPL…
- Rs 3,06,848 Crore Revenue Milestone! How Reliance Retail is Dominating India’s Retail Market with 17.8% Growth 30 August 2024, indianretailer.com India’s retail market is skyrocketing! With a colossal $951 billion valuation in 2023, India is now among the top five global retail markets. What’s behind this explosive growth? Rapid urbanization, higher incomes, and a young, ambitious population are driving this retail revolution…
- Puma Appoints Indrajeet Sen as Senior Vice President – Sourcing 30 August 2024, indianretailer.com Puma, the global sportswear brand, has announced the promotion of Indrajeet Sen to the position of Senior Vice President – Sourcing. Sen will assume this global role on October 1, taking over the operational responsibilities of the Chief Sourcing Officer role, according to an internal email from the German company…
- Explore Top Tequila Brands in India: A Spirited Journey 30 August 2024, indianretailer.com Tequila is gaining the attention of Indians. Over the past five years, the yearly growth rate of tequila consumption in India has exceeded 12 percent. It was customary for Indians to choose cognac or whiskey, but tequila is becoming a popular option today…
- Swiggy Instamart Announces Amitesh Jha as New Chief Executive Officer 30 August 2024, retail.economictimes.indiatimes.com Swiggy, India’s leading on-demand convenience platform, has announced the appointment of Amitesh Jha as the new Chief Executive Officer of its expanding quick commerce arm, Swiggy Instamart, effective September 4…
- Dame Health Launches as India’s Premier Reproductive Wellness Brand 30 August 2024, indianretailer.com Dame Health, India’s new leading brand in reproductive health and wellness, has been introduced to address a range of gynecological issues and support women throughout their reproductive journey…
- Amazon India and Indian Railways Sign MoU to Enhance Parcel Transportation 30 August 2024, indianretailer.com Amazon Transportation Services Private Limited (Amazon India) and the Ministry of Indian Railways have today signed a Memorandum of Understanding (MoU) aimed at strengthening their collaboration for the efficient and speedy transportation of Amazon India packages through the extensive Indian Railways network…
- Max Factor Expands Reach in India with Exclusive Shoppers Stop Partnership 30 August 2024, indianretailer.com Max Factor, the renowned Hollywood makeup brand, has made its debut in India’s physical retail market through a strategic partnership with Shoppers Stop…
- Zomato to Introduce Food Expense Management Platform ‘Zomato for Enterprise’ 30 August 2024, indianretailer.com Food delivery major Zomato on Wednesday announced that it is introducing Zomato For Enterprise (ZFE) for companies to solve food expense management…
- The Grammar Rooms Now Open at Khan Market and Gurgaon 30 August 2024, indianretailer.com The Grammar Room has officially made its debut in Khan Market & 32nd Avenue, Gurgaon this August, adding a fresh chapter to Delhi’s vibrant dining scene…
- McDonald’s India Leverages AI to Launch ‘The Signature Collection’ 30 August 2024, indianretailer.com Ever imagined a McDonald’s burger in AI? McDonald’s India – North and East is all set to leverage generative artificial intelligence (AI) to launch its new ‘Signature Collection’ of gourmet burgers…
- Sourav Joshi Joins Lava International as Brand Ambassador in New Campaign 30 August 2024, indianretailer.com Lava International Ltd., India’s prominent homegrown smartphone brand, has announced a new partnership with India’s leading YouTube sensation, Sourav Joshi. This collaboration underscores Lava’s commitment to connecting…
- Blue Tribe Partners with Anushka Sharma and Virat Kohli to Launch Its New Product 30 August 2024, indianretailer.com Blue Tribe, renowned for its innovations in plant-based food, has unveiled its latest ad campaign featuring beloved Indian celebrity couple Anushka Sharma and Virat Kohli…
- RTD Beverage Industry Explodes with 52 pc Growth Amid Quick Commerce Dominance 30 August 2024, indianretailer.com India’s rapidly growing young population, with a median age of 28 years, is driving a significant shift in consumer behavior, particularly in the Ready-to-Drink (RTD) beverage market…
- Jewellery brand Tribe Amrapali opens 23rd store in Pune 30 August 2024, indiaretailing.com Fashion jewellery brand Tribe Amrapali, a sub-brand of House of Amrapali, has launched its 23rd retail store across the country in Pune, located at Pune International Airport, Lohegaon, the company said in a press release on Thursday…
- Reliance Retail to enter luxury jewellery segment: Isha Ambani 30 August 2024, retail.economictimes.indiatimes.com “In our Jewels business, we are expanding our design capabilities to offer products tailored to specific occasions and regional tastes, launching both regional and national collections,” she said…
- Cantabil to invest Rs 20 crore to penetrate deeper into tier II cities and beyond 30 August 2024, retail.economictimes.indiatimes.com The brand, which was targeting to close last fiscal with Rs 675 crore revenue ended up closing it at Rs 620 crore, and this fiscal, it is aiming for Rs 750 crore revenue…
- India’s Office Leasing Set To Touch 80 Mn Sqft In 2024 29 August 2024, rprealtyplus.com The Indian office market is poised for another record-breaking year, with leasing across the top 8 cities anticipated to cross 80 million square feet in 2024, according to Cushman & Wakefield’s recent office data. This would be the third consecutive year of surpassing the 70 msf milestone – a first in India’s office history…
- Awfis Space Solutions Partners With Nyati Group 29 August 2024, rprealtyplus.com Awfis Space Solutions Limited (Awfis), India’s leading flexible workspace solutions company has partnered with Nyati group for an additional 3 Lakh square feet of Grade-A workspace…
- Motilal Oswal PE buys 25% stake in Lal Sweets 29 August 2024, retail.economictimes.indiatimes.com Lal Sweets follows an omni-channel strategy, retailing its products across 4,000 modern trade outlets, 7,000 general trade outlets, quick-commerce platforms, e-commerce platforms, and its own website, according to the company. It also operates a travel-focused retail business with 40 outlets at various airports in the country…
- Blinkit seeing growth in smaller cities: Zomato CFO Akshant Goyal 29 August 2024, retail.economictimes.indiatimes.com According to several brokerage firms, Blinkit contributes more to Zomato’s market cap than its mainstay food delivery business. The quick commerce platform, which was acquired by Zomato in 2022, plans to double the count of its dark stores, or micro warehouses, to 1,000 by the end of FY25 and to more than 2,000 by 2026…
- B2B e-tailer Moglix launches next-day delivery services 29 August 2024, retail.economictimes.indiatimes.com Live in 12 cities, the service is currently being offered to large enterprises and SMEs. Moglix founder and CEO Rahul Garg shared that the e-commerce platform is planning to extend the service to 40 cities and over 10,000 stock-keeping units in the next six to twelve months…
- Apple’s global revenues to cross $400 billion for 1st time this year: Report 29 August 2024, retail.economictimes.indiatimes.com “After a decline in 2023, 2024 will see growth in several key hardware categories driven by multiple launches. Then there is also a promise of Apple Intelligence being implemented across hardware segments, which has once again created some excitement and could drive upgrades,” Tarun Pathak, Director, Counterpoint Research said…
- Tanishq and De Beers Group partner to expand natural diamond market in India 29 August 2024, retail.economictimes.indiatimes.com Tanishq and De Beers Group have formed a partnership to grow the natural diamond market in India through consumer education and outreach. This collaboration will highlight the value and rarity of natural diamonds, leveraging India’s position as the second largest market globally. The initiative includes a comprehensive marketing campaign aiming to build awareness and attract new customers…
- Trent to Open first Zudio store in Dubai next month 29 August 2024, retail.economictimes.indiatimes.com Retailer Trent, led by Noel Tata, is launching its first overseas Zudio store in Dubai next month, targeting the Indian diaspora. The store will be located in Silicon Oasis Mall. Following significant growth in India, Zudio now contributes over a third of Trent’s total revenue. Expansion plans will depend on the store’s performance…
- Quick commerce on Govt radar; ministries assess impact on kirana stores 29 August 2024, moneycontrol.com Several government ministries have initiated a plan to assess the impact of the rapid expansion of quick-commerce on traditional mom-and-pop stores or kiranas, a government official said on the condition of anonymity…
- GRM Overseas acquires 44% stake in Rage Coffee 29 August 2024, retail.economictimes.indiatimes.com GRM Overseas has taken a major step by acquiring a 44 per cent equity stake in Rage Coffee’s parent company, Swmabhan Commerce. This investment aligns with GRM’s strategy to grow in digital-first and health-focused markets. The partnership aims to expand Rage Coffee’s domestic and international presence, leveraging GRM’s deep industry expertise and distribution capabilities…
- Zomato introduces food expense management platform ‘Zomato for Enterprise’ 29 August 2024, retail.economictimes.indiatimes.com “Excited to introduce Zomato for Enterprise (ZFE), a platform designed for companies to solve food expense management. A lot of Zomato orders placed by corporate employees are business-related and need to be reimbursed by the company. The reimbursement process is cumbersome and time-consuming,” Zomato CEO Deepinder Goyal said…
- Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef 29 August 2024, retail.economictimes.indiatimes.com Godrej Enterprises Group plans to invest around Rs 4,000 crore to streamline its 14 verticals and boost its consumer-first and nation-first businesses. This includes enhancing its real estate holdings in Mumbai and building its furniture brand Interio into a lifestyle label while focusing on organisational agility and performance…
- Apparel Group Expands into Dehradun and Gandhinagar with Global Brands 29 August 2024, indianretailer.com In a strategic move to tap into the potential of Tier II markets in India, global fashion and lifestyle retail conglomerate Apparel Group has opened new stores in Dehradun, Uttarakhand, and Gandhinagar, Gujarat…
- Tasva Opens Flagship Store in Hyderabad’s Himayatnagar 29 August 2024, indianretailer.com Tasva, the men’s wedding and occasion wear brand from ABFRL in collaboration with designer Tarun Tahiliani, has launched its flagship store in Himayatnagar, Hyderabad. Spanning 4,823 square feet, this new location is positioned in one of the city’s prominent areas, aiming to become a key player in men’s fashion retail in India…
- Tanishq Expands Presence with New Showroom in Muscat 29 August 2024, indianretailer.com Tanishq has inaugurated its first showroom in Muscat, located at The Oman Avenues Mall, in collaboration with Khimji Ramdas, a major business conglomerate in Oman. This expansion into Oman signifies a significant step in Tanishq’s growth, bringing its renowned jewellery collection to a new market…
- Libas Unveils Largest Flagship Bridal Store in Lajpat Nagar 29 August 2024, indianretailer.com Libas, a prominent city-based fast fashion omnichannel ethnic wear brand, has opened its largest flagship bridal store in Lajpat Nagar. Covering an impressive 11,000 sq. ft. across five floors, this new store represents a major expansion for the brand…
- Levi’s Revamps Mumbai Stores to Enhance Retail Experience 29 August 2024, indianretailer.com Levi’s has unveiled two newly revamped ICON stores in Mumbai, located on Linking Road and within Infiniti Mall in Malad. These updates reflect Levi’s continued focus on the direct-to-consumer model and its growth strategy in key international markets, including India…
- Snitch Expands Retail Presence in India with 21st Outlet in Mangalore 29 August 2024, indianretailer.com Snitch, a key player in India’s men’s fashion segment, has launched its 21st retail outlet on K S Rao Road, Mangalore. This strategic expansion enhances the brand’s presence in Karnataka’s retail market, particularly in one of Mangalore’s busiest commercial hubs known for its vibrant shopping environment and high footfall of fashion-conscious consumers…
- Apparel Group Unveils Six New Retail Outlets in Dehradun and Gandhinagar 29 August 2024, indianretailer.com Global fashion and lifestyle retail giant Apparel Group is expanding its reach by bringing international brands to Dehradun, Uttarakhand, and Gandhinagar, Gujarat. The newly opened stores in these cities will feature popular brands such as Beverly Hills Polo Club, Bath & Body Works, Aldo, and R&B…
- MiniKlub Expands Presence with New Store in Ajmer 29 August 2024, indianretailer.com MiniKlub, India’s premier kidswear brand, has announced the grand opening of its newest store at Mittal Mall in Ajmer. This new outlet represents a significant expansion of MiniKlub’s footprint in Rajasthan, reflecting the brand’s dedication to quality, style, and comfort for children…
- Turkish Hazelnuts Launched in India with Major Four-Year Campaign 29 August 2024, indianretailer.com Turkish Hazelnuts, renowned globally as the ‘miracle nut,’ have been officially launched in India through a significant four-year campaign initiated by the Turkish Hazelnut Exporters Associations…
- Roastea Expands to HRBR Layout, Bangalore 29 August 2024, indianretailer.com Roastea, a well-regarded name in the culinary landscape, has opened its newest outlet in HRBR Layout, Bangalore. This new location follows the success of the flagship store in Koramangala and aims to continue Roastea’s tradition of high-quality dining…
- Cafe Avocado by Miss Margarita Opens its Doors in Goa 29 August 2024, indianretailer.com Avocado Cafe has recently opened its doors in Vagator, Goa, providing a coffee shop and all-day cafe that highlights food that has avocado as its central ingredient. The crew behind Miss Margarita by Arriba, lead by Chef Noah Barnes, is behind this project as well…
- Café Delhi Heights Expands to Srinagar with New Outlet 29 August 2024, indianretailer.com Café Delhi Heights has opened its newest outlet in Srinagar, marking its first location in the Kashmir Valley. Located at Silver Square, Jawahar Nagar, the new two-story café offers a welcoming atmosphere with views of the surrounding mountains…
- The Bier Library Opens New Venue in Sarjapur with Expansive Offerings 29 August 2024, indianretailer.com The Bier Library, a well-known literary-themed brewery in Bangalore, has introduced its latest venture, The Bier Library Volume 2, in the bustling area of Sarjapur. This new location merges the brewery’s expertise in craft beer with innovative architectural design to provide a unique experience for its patrons…
- Awfis join hands with Nyati Group to manage three lakh sq ft workspace in Pune 28 August 2024, realty.economictimes.indiatimes.com Awfis Space Solutions will operate a total of 1,67,206 sq ft built up flexible workspaces at Nyati Empress in Viman Nagar and Nyati Enthral in Kharadi, Pune…
- Hyderabad civic body demolishes structures for Unity Mall 28 August 2024, realty.economictimes.indiatimes.com In Raidurg Paigah village, GHMC and revenue officials, protected by police, demolished structures for a new Unity Mall on 5.8 acres, sparking protests. Residents, claiming ownership, said no prior notice was given. TLIDC stated they own the land, and the demolition was according to mall owners’ request. The matter is pending in court…
- Elan Group awards over Rs 500 crore construction contract to Leighton Asia 28 August 2024, realty.economictimes.indiatimes.com The mall will span approximately nine acres with a total built-up area of about 2.5 million sq ft. The construction is expected to begin in November 2024 and is designed by BENOY, an architectural firm…
- Big B’s family office picks up small stake in Swiggy 28 August 2024, retail.economictimes.indiatimes.com As the quick commerce sector continues to gather steam, it is attracting wealthy individuals as investors. Bollywood superstar Amitabh Bachchan’s family office has picked up a stake in small stake in IPO-bound Swiggy. Also, Motilal Oswal Financial Services chairman Raamdeo Agrawal has acquired a stake in Swiggy as well as Zepto…
- Amazon India set to launch quick commerce as competition swells 28 August 2024, retail.economictimes.indiatimes.com Amazon has put together a plan to take on the quick commerce challenge in India, with its own offering which is slated to launch by early next year. The India unit of the etailer has handed over the responsibility of building its quick commerce strategy to senior executive Nishant Sardana as part of a rejig of the top leadership…
- Regional food brands embrace quick commerce for nationwide reach amid festive surge 28 August 2024, retail.economictimes.indiatimes.com Regional and hyperlocal food and beverage brands are increasingly partnering with quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket’s BBNow to expand their reach nationwide and capitalize on the festive season’s demand surge. Brands such as Sweet Karam Coffee and Let’s Try are leveraging these platforms to overcome geographical limitations and make local flavors accessible across India…
- Virgio eyes house of brands strategy; plans offline foray 28 August 2024, retail.economictimes.indiatimes.com Explaining Virgio’s marketing strategy, Nagaram stated, “We are not broadcasting to the entire world. Our marketing team has been very scientific to find the cohort of users, who connect to what we are trying to say. There are signals, as simple as people who are taking BluSmart as a cab – that is a customer we’re going after.”..
- Amazon launches AI assistant ‘Rufus’ in India 28 August 2024, retail.economictimes.indiatimes.com Amazon has launched AI assistant Rufus for customers in India, which will help shoppers get product recommendations, compare customer responses etc. It is available in beta mode for now…
- Japan’s Suntory aims for greater US canned cocktail market share, bets on spirits expertise 28 August 2024, retail.economictimes.indiatimes.com Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks giant that aims to become the global leader in the sector by 2030…
- Samoh Expands Footprint with Flagship Store in Hyderabad’s Jubilee Hills 28 August 2024, indianretailer.com Ethnic wear brand Samoh, a premium offering from Tata Group’s retail arm Trent Ltd., has made a significant move by launching its first flagship store in Hyderabad…
- Corneliani Reopens Renovated Store at DLF Emporio, New Delhi 28 August 2024, indianretailer.com Corneliani, a leading name in Italian luxury apparel, has marked the grand reopening of its newly renovated store at DLF Emporio, New Delhi, on August 24th, 2024. The newly redesigned retail space reflects the brand’s commitment to modern luxury and sophisticated style…
- Omaxe Chowk Welcomes Top Designer Stores in Old Delhi 28 August 2024, indianretailer.com Omaxe Chowk, the iconic commercial hub located in the heart of Chandni Chowk, Old Delhi, has announced the opening of flagship stores by several prominent designer ethnic and fashion wear labels…
- 10 Best Luggage Brands in India 28 August 2024, indianretailer.com Ready to elevate your travel style? The Indian luggage market is booming, with brands like Safari and Aristocrat seeing over 40 percent growth in affordable options, while premium names like Tommy Hilfiger, Samsonite, and Delsey double their presence…
- Decathlon to Invest Rs 933 Cr in India for Retail Expansion 28 August 2024, indianretailer.com Decathlon, the French sports retailer, is set to invest €100 million (approximately Rs 933 crore) in India over the next five years to strengthen its retail and production operations. India, one of Decathlon’s fastest-growing markets, is poised to play a significant role in the company’s global expansion strategy…
- Raymond Lifestyle Ltd Expands Board with New Non-Executive Director 28 August 2024, indianretailer.com Raymond Lifestyle Ltd. (RLL) has announced the appointment of Rajiv Sharma as a Non-Executive Director, expanding its Board of Directors. Sharma, who brings over 30 years of global leadership experience, previously served as Group CEO of Coats Group, a leading manufacturer of threads and structural components for apparel and performance materials…
- Crown Basmati Rice Introduces New Diet Rice – Is This the Future of Healthy Eating? 28 August 2024, retail.economictimes.indiatimes.com Crown Rice has introduced its latest product, Diet Rice, a premium low glycemic index (GI) Basmati rice tailored for health-conscious consumers in India and across its expanding global markets…
- Top 5 Streetwear Brands in India with a Blend of Culture and Style 28 August 2024, indianretailer.com When hip-hop music and culture started to become more popular in India in the 1980s and 1990s, that is when streetwear emerged in the nation. People are keen to show their uniqueness via their attire, which has led to a growing interest in streetwear fashion as a result of this cultural shift…
- Mokobara Expands to Punjab with First Store at Amritsar’s Nexus Mall 28 August 2024, indianretailer.com Travel and lifestyle brand Mokobara has officially entered the Punjab market with the opening of its first store in the state at Nexus Mall in Amritsar. The announcement was made by Ayushi Yadav, Head of Business Development at Mokobara…
- Dreame Technology Debuts High-Performance Grooming Products in India 28 August 2024, indianretailer.com Dreame Technology, a global leader in smart home appliances, has announced its entry into the personal grooming market with the launch of a new range of high-performance products in India…
- French Essence Expands into Men’s Grooming with New MENZ Brand 28 August 2024, indianretailer.com French Essence, renowned for its top-tier perfumes, is expanding its offerings with the launch of MENZ, a new brand dedicated to premium grooming products for men. This new venture marks French Essence’s entry into the men’s grooming market, introducing a range of high-quality products including shaving foam, aftershave, hair spray, and other essential grooming items…
- Cricketer KL Rahul Invests in Metaman’s Premium Perfume Line 28 August 2024, indianretailer.com GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
- Tribe Amrapali Expands Retail Footprint with New Store at Pune Airport 28 August 2024, indianretailer.com In a retail landscape increasingly shaped by e-commerce, valued at around USD 55 billion, Tribe Amrapali, a sub-brand of the esteemed House of Amrapali, is making a significant impact by expanding its physical presence…
- Rebel Foods on Expansion Spree; Targets 120 Cities in Next Two Years 28 August 2024, retail.economictimes.indiatimes.com Rebel Foods, that own brands like Behrouz Biryani, Faasos, Oven Story Pizza, amongst others is planning to expand its to 120 cities within the next two years…
- Los Cavos Brings Latin American Flavors to Bengaluru’s Indiranagar 28 August 2024, indianretailer.com Los Cavos, Mumbai’s well-known Latin-American dining spot, is set to open its doors in Bengaluru’s Indiranagar this August. The new venture by V&RO Hospitality promises a menu rich in Peruvian cuisine and innovative cocktails, with Chef Rafael Estremadoyro García, a two-Michelin star chef, leading the culinary team…
- Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef 28 August 2024, indianretailer.com Bengaluru Marriott Hotel Whitefield has announced the appointment of Chef Mohan Sawant as the new Executive Sous Chef. Bringing over 15 years of culinary experience, Chef Mohan is set to enhance the hotel’s dining offerings with his expertise in Western, Italian, and fusion cuisine…
- Blackstone, GIC among ten bidders for LOGOS India’s three logistics assets 27 August 2024, realty.economictimes.indiatimes.com Global investment giants such as Blackstone, GIC, and Mitsui OSK Lines have submitted bids to acquire LOGOS India’s logistics assets. These assets, spanning nearly 5 million sq ft in Chennai and Haryana, are reported to have an occupancy rate of over 95%…
- Goa: Chimbel residents to oppose Unity mall 27 August 2024, realty.economictimes.indiatimes.com The gram sabha members argued that the proposed location for the mall is “a wetland area adjacent to Chimbel lake”, which is considered ecologically fragile. They said that the site must be conserved and that no construction should be allowed…
- How DavaIndia is offering quality products at affordable prices? 27 August 2024, retail.economictimes.indiatimes.com Dr Sujit Paul, Group CEO of Zota Healthcare shares how the company is catering to the masses by offering them pleothra of quality products at comparatively affordable prices. He also spilled the beans on how the company is planning to capture the consumers online…
- Raymond Lifestyle appoints Rajiv Sharma as non-executive director 27 August 2024, retail.economictimes.indiatimes.com The appointment follows Raymond’s plan to list the demerged business – Raymond Lifestyle Limited, in early September…
- FSSAI withdraws advisory on removal of claims of ‘A1′, A2’ types of milk, milk products 27 August 2024, retail.economictimes.indiatimes.com The Food Safety and Standards Authority of India (FSSAI) has withdrawn its advisory that directed food businesses to remove ‘A1’ and ‘A2’ claims from milk products packaging. This step allows companies to continue marketing products with these claims. The decision comes after a need for further consultations with stakeholders was identified…
- Prasuk Jain Hospitality to invest Rs 180 crore to expand its presence to 50 centers by this fiscal end 27 August 2024, retail.economictimes.indiatimes.com The company, which closed the last fiscal with Rs 180 crore in topline, is aiming Rs 480 crore in topline by this fiscal year end…
- ITC shifts gears with new food range for those over 45 27 August 2024, retail.economictimes.indiatimes.com ITC Foods is turning its attention to consumers aged 45 and above, a group frequently overlooked for younger demographics. Known for brands like Aashirvaad atta and Sunfeast biscuits, ITC is launching a new health-focused line, including upma, oats, cookies, and enriched atta, under the “right shift” brand…
- KL Rahul invests in Drip Project’s perfume brand Metaman 27 August 2024, retail.economictimes.indiatimes.com KL Rahul, Indian cricketer, has invested in and become the brand ambassador for Metaman, a premium fragrance range by Drip Project. Founded in 2022, Metaman aims to offer high-quality products to modern Indian men. Rahul’s involvement highlights his interest in significant projects, marking a long-term investment beyond his cricketing career…
- Janmashtami festivities drive business across India, sales exceed Rs 25,000 crore: CAIT 27 August 2024, retail.economictimes.indiatimes.com Janmashtami celebrations across India resulted in a business surge of over Rs 25,000 crore, according to CAIT. The festival, marked by significant sales of flowers, sweets, and decorative items, was celebrated with great enthusiasm, particularly in North and West India, underscoring its economic significance…
- BigBasket set to fully play in quick commerce league 27 August 2024, retail.economictimes.indiatimes.com Once the largest online grocery player in the country, Tata-owned BigBasket fell behind the young quick commerce upstarts as the new model of rapid deliveries caught customer fancy. The 13-year-old firm is now charting a comeback in this space…
- Value-for-money fashion spurs Trent’s 129% surge 27 August 2024, retail.economictimes.indiatimes.com Trent’s sales surged 56% in the latest quarter, surpassing rivals such as Avenue Supermarts Ltd. and Aditya Birla Fashion & Retail Ltd., even as extreme heatwaves and recent national elections suppressed consumption in India. ..
- Solitaire sales may sparkle this festive season on lower prices 27 August 2024, retail.economictimes.indiatimes.com Indians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectations for strong solitaire sales during the upcoming festive season, according to jewellers. The cost of the most popular 1-carat solitaire diamonds has decreased from Rs 4.2 lakh last Diwali to Rs 3.4 – 3.5 lakh currently. This reduction has made these gemstones more accessible for consumers, especially for wedding rings…
- India’s gold duty cut likely to spark buying spree during festivals 27 August 2024, retail.economictimes.indiatimes.com Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said…
- Millets in a bottle: Whisky companies go vocal for local 27 August 2024, retail.economictimes.indiatimes.com Historically, Scottish and Irish distillers have used barley as their primary grain, while Canadians and Americans use corn, rye, and wheat. India does not have a dominant global indigenous liquor similar to Baiju in China or Japanese rice wine Sake. The market is dominated by locally produced and adapted versions of European spirits, called Indian-made foreign liquor (IMFL), despite nearly every state having its own version of distilled spirit…
- Zomato to announce a dedicated going-out app soon 27 August 2024, retail.economictimes.indiatimes.com Zomato recently purchased the events and movie ticketing arm of Paytm. In a letter to the shareholders, Zomato CEO Deepinder Goyal said that the company will soon bring a dedicated app for going-out. Stating that the food delivery platform wants to position District as the brand that consumers turn to when they are thinking of going out, Goyal also listed details of the upcoming app…
- GreenPioneer Mobility India Launches NonStop Retail Stores for Mobility Solutions 27 August 2024, indianretailer.com GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
- How bigbasket is Transforming India’s Retail Industry with Eco-Friendly Practices and Fair Pricing on Organic Products! 27 August 2024, indianretailer.com As India’s leading online grocery retailer, bigbasket has taken on the responsibility of not only delivering quality groceries to millions of homes but also setting new benchmarks in sustainability and ethical practices…
- When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success 27 August 2024, indianretailer.com With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
- $5 Billion in Funding Powers India’s D2C Retail Surge – What’s Driving the Growth? 27 August 2024, indianretailer.com India’s retail scene is in the midst of a massive transformation, with Direct-to-Consumer (D2C) brands leading the charge. The COVID-19 pandemic has turbocharged the D2C model, allowing brands to skip traditional retail channels and connect directly with consumers…
- Shobitam Expands Global Reach with Acquisition of Isadoralife 27 August 2024, indianretailer.com Shobitam, a prominent D2C ethnic fashion brand, has announced its acquisition of Isadoralife, a leading ready-to-wear saree brand. This strategic acquisition aims to bolster Shobitam’s global presence and propel the growth of ethnic fashion on an international scale, while contributing significantly to the fashion startup ecosystem in India…
- Marico Introduces Hair & Care Oil in Serum: Style and Nourishment in One 27 August 2024, indianretailer.com Marico Ltd.’s Hair & Care brand, known for delivering up to 100 percent damage repair, has announced the launch of its innovative Hair & Care Oil in Serum. This new product combines the styling benefits of a serum with the nourishing power of almond oil…
- Velocity Unveils Rs. 400 Cr Fund for D2C Brands Ahead of Festive Season 27 August 2024, indianretailer.com Velocity, India’s leading cash flow-based financing platform, has announced a significant allocation of Rs.400 crore to support the financing needs of D2C and E-commerce brands in preparation for the upcoming festive season sales…
- Goodveda Plans $1 Mn Fundraising as Revenue and Customer Base Soar 27 August 2024, indianretailer.com Goodveda, a fast-emerging D2C startup specializing in supplements, Ayurvedic remedies, snacks, and wellness programs, is poised for significant growth in both revenue and customer base…
- PowerMax Launches Global Expansion, Targeting Key Fitness Markets Worldwide 27 August 2024, indianretailer.com PowerMax, India’s leading fitness equipment brand, has announced its global expansion into countries such as Qatar, Saudi Arabia, the UK, and Dubai…
- epres by Eric Pressly Launches in India, Pioneering Next-Gen Haircare Technology 27 August 2024, indianretailer.com Eric Pressly, the visionary scientist and inventor renowned for his groundbreaking contributions to haircare, is set to introduce his latest innovation, epres, to the Indian market…
- NCDRC issues non-bailable warrant against Mantri Developers’ founder 26 August 2024, realty.economictimes.indiatimes.com According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
- How Shein, Zudio can ride $50 billion opportunity in India 26 August 2024, retail.economictimes.indiatimes.com The Fast Fashion sector in India saw a 30-40 per cent growth in FY24, significantly outpacing the overall fashion industry’s 6 per cent growth. Shein’s return with Reliance Retail aims to enhance the competitive landscape. Essential factors like trend identification, rapid production, efficient supply chains, and competitive pricing contribute to brands’ success in this booming market…
- ‘Fundamental principle of fashion retailing remains unchanged,’ says New Look’s founder Tom Singh 26 August 2024, retail.economictimes.indiatimes.com Tom Singh, founder of New Look, discusses his retail journey and strategies for staying competitive. He highlights the importance of understanding customer needs and leveraging technology. Singh also shares his thoughts on the Indian market and his involvement with Ace Turtle, which supports international brands like Lee and Wrangler…
- Top FMCG brands bet big on functional food market 26 August 2024, retail.economictimes.indiatimes.com Major food companies including ITC, Adani Wilmar, Tata Consumer, BigBasket, and Emami Agrotech are now prioritising functional foods tailored for health-conscious consumers. These products, ranging from low cholesterol ghee to low glycemic index foods, are sold at steep premiums. Limited supply and technology costs contribute to the higher prices…
- Premium consumer electronics sales growing faster online than in stores 26 August 2024, retail.economictimes.indiatimes.com Online sales of high-value electronics such as air-conditioners, washing machines, and laptops grew significantly faster than offline sales in the first half of 2024. GfK-NielsenIQ data revealed a 17% increase in online consumer electronics sales compared to 12% offline. Consumers now prefer the convenience and better deals offered by online shopping platforms…
- Walmart’s exit raises questions about JD.com’s future 26 August 2024, retail.economictimes.indiatimes.com Walmart announced this week a full exit from the Beijing-based e-commerce platform, selling off its $3.74 billion stake, which triggered a 10% slump in its share price and raised questions about JD.com’s ability to withstand the changed landscape. “JD.com’s stated strategy is to work with the manufacturers on low-cost versions of premium value goods, which sounds great, but I’m sceptical this will be the biggest driver of growth in the short term,” said tech analyst Rui Ma…
- Strong execution key to Zepto’s success 26 August 2024, financialexpress.com Analysts also see Zepto as the best bet for investors in terms of direct exposure to quick commerce since other top players (Blinkit and BBNow) are deep-pocketed and already either acquired by top companies or run as a vertical by an established player (Swiggy Instamart)…
- Zomato launches ‘Order Scheduling’ feature; users can plan meals two days in advance 26 August 2024, financialexpress.com Zomato, a food delivery platform, has released a new feature ‘Order Scheduling’ that lets users plan their meals up to two days in advance. This service represents a substantial improvement to the company’s offerings as it is currently offered in several major Indian cities…
- Wearables war: Chinese phone cos focusing on premium launches via bundled offerings 26 August 2024, retail.economictimes.indiatimes.com Among brands that have recently forayed into the wearable segment, OnePlus already has two Google’s Wear OS-powered smartwatches in the market, priced well above the market average. These watches run on a customised Android operating system, with high-level integration with Android phones, competing with Samsung and Apple…
- Temasek in talks for up to $150-million bite of Rebel Foods 26 August 2024, retail.economictimes.indiatimes.com Temasek, Singapore’s sovereign wealth fund, is in advanced talks to lead a $100-150 million investment in Rebel Foods, the parent company of brands such as Faasos and Behrouz Biryani, sources said. Started in 2011 by Jaydeep Barman and Kallol Banerjee, the company plans to go public in the coming 1-2 years…
- Zara Strengthens Presence in India with New Pune Store 26 August 2024, indianretailer.com Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
- Hawkins Cookware Now Available in Just 10 Minutes via Swiggy Instamart 26 August 2024, indianretailer.com In a move set to redefine convenience in kitchen shopping, Swiggy Instamart, India’s leading quick commerce platform, has announced the exclusive launch of Hawkins Cookers Limited products on its platform…
- Mamaearth Launches Kerala Thaali Hair Care Range in Strategic Retail Expansion 26 August 2024, indianretailer.com Mamaearth has unveiled its Kerala Thaali Hair Care Range, marking a new chapter in its regional product innovation strategy. This latest offering reflects Mamaearth’s commitment to integrating India’s diverse cultural and natural elements into its product line…
- Bikaji Foods Acquires 55 Percent Stake in Ariba Foods for Rs 60.49 Cr 26 August 2024, indianretailer.com Bikaji Foods International Ltd. has acquired a 55 percent equity stake in Ariba Foods Private Limited, a Ujjain-based company known for its snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment of Rs 60.49 crore will bolster Bikaji’s capabilities in frozen food production and broaden its market reach…
- When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success 26 August 2024, indianretailer.com With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
- How Technology is Improving Last-Mile Delivery during Holiday Season 26 August 2024, indianretailer.com India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo…
- The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience 26 August 2024, indianretailer.com Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
- ASOS Enters India Exclusively Via AJIO 26 August 2024, indianretailer.com India’s leading fashion e-tailer, AJIO, announced the exclusive launch of the iconic British fashion brand ASOS in India today. For the first time ever, Indian consumers can shop ASOS’s globally popular styles exclusively on AJIO…
- Indriya Showcases Indian Jewellery Craftsmanship in New Film 26 August 2024, indianretailer.com Indriya, a division of the Aditya Birla Group, has unveiled a new film celebrating the artistry and heritage of Indian jewellery. Each piece at Indriya reflects a blend of traditional Kaarigari with modern design elements, presenting a contemporary take on classic jewellery styles…
- Brands For Less Partners with TJX Companies in Strategic Stake Sale 26 August 2024, indianretailer.com Brands For Less (BFL Group), a prominent off-price retailer of fashion, homeware, and toys in the region, has announced a strategic agreement with global off-price retailer The TJX Companies, Inc. (TJX) to sell a 35 percent stake in its business…
- Quality Over Cost: The Surging Demand for Premium Dairy Brands 26 August 2024, indianretailer.com Gone are the days when price was the sole deciding factor in the dairy aisle. Today, a new wave of health-conscious consumers is driving a surge in demand for premium dairy brands…
- NCDRC issues non-bailable warrant against Mantri Developers’ founder 26 August 2024, realty.economictimes.indiatimes.com According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
- Reliance retail, UK footwear co Clarks end JV after 2 years 24 August 2024, retail.economictimes.indiatimes.com Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, including those in Inorbit and DLF malls. Clarks initially entered India in 2011 with a partnership with Future Group, which later went bankrupt. Clarks’ future plans in India remain unclear…
- Amazon India set to tweak seller fees ahead of festive season 24 August 2024, retail.economictimes.indiatimes.com Amazon India adjusted its seller fee structures starting September 9. Reduced commissions across multiple categories aimed at supporting sellers during the festive season, with a focus on low-priced products. Categories such as ethnic wear and home furnishings saw significant fee reductions, while others like backpacks and studded fine jewellery had fee increases…
- Bikaji Foods acquires 55% stake in Ariba Foods for Rs 60.5 cr 24 August 2024, retail.economictimes.indiatimes.com “This strategic move not only strengthens our capacity for export growth but also supports our entry into the QSR segment. By integrating Ariba’s state-of-the-art production capabilities, we aim to enhance our frozen snacks and savouries manufacturing,” said Deepak Agarwal, MD, Bikaji Foods International…
- Quick-commerce vs e-commerce: Ready for the new pricefight in town? 24 August 2024, retail.economictimes.indiatimes.com Quick-commerce operators like Blinkit, Swiggy Instamart, and Zepto matched prices with major ecommerce platforms Amazon and Flipkart, aiming to attract consumers. This strategy marked a shift from their previous 10-15% premium charges for instant deliveries. The move has triggered a price war and increased competition for faster services in the home delivery market…
- Reliance-owned Ajio expands its fashion portfolio with ASOS, marking British brand’s India debut 24 August 2024, retail.economictimes.indiatimes.com Reliance-owned Ajio has launched British fashion brand ASOS on its platform, marking ASOS’s entry into the Indian online retail market. The partnership introduces over 3,000 ASOS products, including lines like ASOS Design and ASOS Luxe. This move enhances Ajio’s collection of exclusive international brands and targets young Indian fashion enthusiasts, the company said in a press release on Friday. ..
- Kisanserv plans to expand to 250 stores, create 6000 jobs in the next four years 24 August 2024, retail.economictimes.indiatimes.com With this move, it expects to create 2,000 direct jobs and 4,000-5,000 indirect jobs, focusing on hiring from local communities and prioritising female staff…
- Metro Brands on track to set up 225 stores over two years, eyes 10-15% sales growth, says CFO 24 August 2024, retail.economictimes.indiatimes.com Metro Brands, a Mumbai-based footwear retail company, is on track to open 225 stores over the next two financial years, supported by its regular cash accruals, and expects strong sales in the second half of this fiscal.“We anticipate sales growth of 10-15% and are guiding a long-term CAGR of 15-18%,” Kaushal Parekh, CFO of Metro Brands Limited, told ETCFO at the Retail CFO Summit held in Mumbai…
- Joyalukkas plans new online-only jewellery brand as market expands 24 August 2024, financialexpress.com Unlike Titan and Kalyan Jewellers, which entered the online jewellery market through acquisitions—buying brands like Caratlane and Candere, respectively—Joyalukkas intends to pursue organic growth for its online expansion…
- UK brand Laura Ashley set to enter India 24 August 2024, retail.economictimes.indiatimes.com Laura Ashley, an iconic British lifestyle brand, is set to enter the Indian market through a licensing model next year. Partnered with Bradford License India, they aim to launch in early 2025, focusing on textiles, soft furnishings, wallpaper, furniture, and upholstery. Products will be available through exclusive brand outlets and online platforms…
- Chanel buys 25% stake in niche Swiss watchmaker MB&F 24 August 2024, retail.economictimes.indiatimes.com Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to increase its presence in watch-making…
- Britain’s JD Sports reports quarterly sales rise in volatile market 24 August 2024, retail.economictimes.indiatimes.com British sportswear retailer JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year as the global macro environment remains volatile…
- FMCG distributors flag q-comm concerns in letter to govt 24 August 2024, financialexpress.com The federation expressed concerns that the rise of quick commerce not only creates an uneven playing field but also threatens the livelihoods of millions of small retailers and distributors who have long been the backbone of India’s retail sector…
- Nestle replaces CEO Schneider with company veteran Freixe 24 August 2024, retail.economictimes.indiatimes.com Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales…
- Brazilian brand Tropicool eyes expansion in India; aims to sell 30,000 litres of acai products this fiscal 24 August 2024, retail.economictimes.indiatimes.com Tropicool, a Brazilian superfood brand, is expanding in India through Shop-in-Shop and franchise models. The brand aims to attract GenZ and millennial consumers with products tailored to Indian tastes. It currently has 11 outlets and plans to expand in cities including Pune, Delhi, Bangalore, and Goa, targeting 30,000 liters sales of acai products by the fiscal-end…
- Walmart partners with Burger King to offer discounted deals to members 24 August 2024, retail.economictimes.indiatimes.com Walmart has collaborated with Burger King to provide its Walmart Plus members discounted meal benefits. Members can enjoy 25% off on digital orders at Burger King and receive a free Whopper burger every three months with any purchase, starting September. This move is aimed at competing with Amazon Prime and attracting price-conscious customers…
- India Inc’s high inventory shows consumption demand weakness 24 August 2024, financialexpress.com Corporate India’s inventory levels are yet to fall to the relatively healthy levels reported before the pandemic, leave alone the still lower levels seen in the economy’s high growth phase during the first decade of the millennium…
- Zara Strengthens Presence in India with New Pune Store 24 August 2024, indianretailer.com Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
- How Technology is Improving Last-Mile Delivery during Holiday Season 24 August 2024, indianretailer.com India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo..
- The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience 24 August 2024, indianretailer.com Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
- Modern Solutions for Rural Retail 24 August 2024, irecwire.com Kirana stores in rural India are undergoing a significant transformation. Innovative efforts are modernizing these traditional retail hubs, bringing modern retail practices and technology to smaller towns and villages…
- French-Bagel Chain Bagelstein Enters India; Targets 100 Stores in 5 Years 24 August 2024, indianretailer.com RI EXCLUSIVE: Bagelstein, a beloved French brand, known for its authentic bagels and vibrant, quirky atmosphere has entered India. The group has partnered with International franchisee firm FranGlobal to enter and expand its operation in India…
- Nothing Before Coffee Unveils Ambitious Global Expansion Plans 24 August 2024, indianretailer.com India’s rapidly growing coffee chain, Nothing Before Coffee (NBC), is celebrating its 7th anniversary with a series of promotions and loyalty rewards, underscoring its strong presence in the retail and hospitality sectors across India…
- New San Francisco-Themed Restaurant Opens in Malviya Nagar 24 August 2024, indianretailer.com A new restaurant offering an authentic taste of San Franciscan cuisine has opened at the Eldeco Centre in Malviya Nagar. This establishment is the first of its kind to bring the essence of San Francisco, California, to India. ..
- Zomato Discontinues Intercity Food Delivery Service ‘Legends’ After Two Years 24 August 2024, indianretailer.com Zomato has decided to discontinue its intercity food delivery service, “Legends,” following two years of operation. Deepinder Goyal, CEO of Zomato, shared the update on the social media platform X (formerly Twitter), stating, “After two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.”..
- 818 Tequila Expands Its Reach to Mumbai 24 August 2024, indianretailer.com Following a successful launch in Delhi, 818 Tequila, the award-winning brand founded by Kendall Jenner, has officially entered the Mumbai market. This expansion is a significant step in 818 Tequila’s strategy to establish itself as a leading choice for tequila enthusiasts across India…
- Zoya is well capitalised to meet the growing demand for luxury in India: Titan MD 23 August 2024, retail.economictimes.indiatimes.com “In the coming few years, we foresee Zoya growing at the rate of 50 per cent CAGR because of the increasing opportunities in the luxury space,” CK Venkatraman, MD, Titan said…
- PE firm Warburg Pincus sells 6.45% in Kalyan Jewellers for Rs 3,584 cr 23 August 2024, retail.economictimes.indiatimes.com “Pursuant to LODR regulations, we wish to inform you that basis an intimation dated August 21, 2024, received from Trikkur Sitarama Iyer Kalyanaraman, a share purchase agreement (SPA) has been executed on August 21, 2024, between Highdell Investment (Highdell), and the promoter of Kalyan Jewellers India Ltd,” the company said…
- What’s eating up Kellanova’s India Business? 23 August 2024, retail.economictimes.indiatimes.com In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet…
- Dabur to set foot in South India: Co to set up Rs 400 cr manufacturing facility in Tamil Nadu 23 August 2024, retail.economictimes.indiatimes.com Dabur has announced a Rs 400 crore investment to set up its first manufacturing plant in South India, located in Tamil Nadu’s SIPCOT Food Park. The project is anticipated to generate direct employment for 250 people and benefit local farmers. The new plant aims to meet growing demand in the southern market more effectively…
- Hangyo Ice Creams raises Rs 211 crore from Faering Capital 23 August 2024, retail.economictimes.indiatimes.com Hangyo Ice Creams, a Mangaluru-based company, has secured funding worth Rs 211 crore from Faering Capital. The funds will be used to strengthen production capabilities and develop new offerings. This comes amid ice cream brands attracting venture capital funding…
- Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief 23 August 2024, livemint.com Nestle SA chief executive officer (CEO) Mark Schneider has stepped down after almost eight years to be replaced by the fast-moving consumer goods (FMCG) company’s veteran Laurent Freixe at the top spot…
- BookMyShow’s business story gets Zomato’s Paytm plot twist 23 August 2024, retail.economictimes.indiatimes.com BookMyShow may face strong competition from Zomato after its acquisition of Paytm’s ticketing business. Zomato plans to leverage its customer base and profits from other businesses to scale its new going-out vertical, aiming to grow its order value to over Rs 10,000 crore by FY26…
- Coca-Cola appoints Greishma Singh as Marketing VP 23 August 2024, retail.economictimes.indiatimes.com Beverage maker Coca-Cola India has appointed Greishma Singh as vice-president, marketing. Singh moves from her current role as vice-president – customer and commercial leadership, where she led revenue growth management, value to market, customer value creation and a customer management group…
- Target raises 2024 profit forecast after price cuts boost quarterly sales 23 August 2024, retail.economictimes.indiatimes.com Shares of the Minneapolis-based retailer rose 16%, touching a near four-month high of $167.40. The stock was set for its best day in over nine months after the chain said it expects 2024 profit in the range of $9.00 to $9.70 per share, up from its prior forecast of $8.60 to $9.60…
- India retained its growth momentum in Q1 of FY25, says FinMin’s monthly economic review 23 August 2024, retail.economictimes.indiatimes.com As highlighted by the report, India’s key economic indicators present a positive outlook, underpinned by robust domestic activity, improving external trade, and growing capital flows. It also showed that perceived employment conditions show mixed signals, overall growth indicators suggest sustained momentum as FY25 progresses…
- Brands For Less sells 35% stake to TJX for $360 million 23 August 2024, retail.economictimes.indiatimes.com Brands For Less (BFL Group) has sold a 35 per cent stake to The TJX Companies, enhancing its expansion plans beyond the GCC region. This deal, valuing BFL at $1.2bn, allows BFL to benefit from TJX’s strategic guidance and international expertise. Financial advisory was provided by deNovo Partners, and legal counsel by White & Case…
- Reliance Retail and Clarks End Joint Venture; UK Brand to Exit Indian Market 23 August 2024, indianretailer.com Reliance Retail and UK-based footwear giant Clarks have ended their two-year joint venture, marking a significant shift in the retail landscape. The decision comes amid substantial disagreements over various terms of their partnership, according to sources familiar with the situation…
- Indian GDP Growth Slows to 6.0 pc in Q1 FY2025 Amidst Reduced Government Spending & Weaker Consumer Confidence 23 August 2024, indianretailer.com The Indian economy is witnessing a temporary deceleration in its growth trajectory, as projected by ICRA. The year-on-year (YoY) expansion of the GDP is expected to moderate to a six-quarter low of 6.0 percent in Q1 FY2025, down from 7.8 percent in Q4 FY2024…
- BSH Expands Retail Footprint with New Bosch Brand Store in Bengaluru 23 August 2024, indianretailer.com BSH Home Appliances Pvt. Ltd, a subsidiary of BSH Hausgeräte GmbH, the global leader in home appliances, has opened a new premium Bosch Brand Store in Bengaluru, Karnataka. This strategic expansion is part of BSH’s broader mission to introduce global retail standards in India…
- Funskool India Secures Rights to Manufacture and Distribute CATAN 23 August 2024, indianretailer.com In a significant development for the retail sector in India, Funskool India Ltd has acquired the rights from Asmodee to manufacture and distribute the internationally renowned board game CATAN…
- How India’s Modern Trade Channels Achieved 2% FMCG Growth and 4% Tech Durables Surge in 2024 23 August 2024, indianretailer.com India’s modern trade channels experienced a 2 percent growth in FMCG sales and a 4 percent increase in tech durables sales on a moving annual total (MAT) basis. This consistent growth contrasts with other markets in the Asia-Pacific region, where similar sectors have struggled to maintain momentum…
- Kalyan Jewellers Promoter Acquires Warburg Pincus Stake in Strategic Move 23 August 2024, indianretailer.com In a significant retail development in India, Kalyan Jewellers’ promoter T.S. Kalyanaraman has acquired the remaining stake held by Warburg Pincus, marking the conclusion of the private equity firm’s strategic exit from the company…
- Dreame Technology Expands Home Cleaning Range in India 23 August 2024, indianretailer.com Dreame Technology, a prominent name in smart home appliances, has unveiled its latest range of home cleaning products in the Indian retail market. The new lineup includes the intelligent robot vacuum and mop trio—D10 Plus Gen 2, D9 Max Gen 2, and L10 Prime—the H12 Dual Wet and Dry Vacuum, and the versatile Mova J10, J20, and J30 cordless stick vacuums…
- Inflection Point Ventures Exits Fashor with 33 Pc IRR, Achieves 3.75X Return 23 August 2024, indianretailer.com Inflection Point Ventures (IPV), a leading angel investment platform in India’s retail sector, has successfully exited its investment in Fashor, a fashion brand specializing in trendy and affordable women’s wear…
- DECATHLON Aims to Grow Padel Market Share in India by 300 Pc 23 August 2024, indianretailer.com DECATHLON, a global sports retail giant, is capitalizing on the growing popularity of padel in India. The company has announced an ambitious plan to expand its padel business by over 300 percent and capture 75 percent of the Indian market by 2026…
- Heineken Expands in Karnataka with Silver and Original Variants 23 August 2024, indianretailer.com United Breweries Limited (UBL), India’s largest beer manufacturer and a key part of the HEINEKEN Company, has announced the availability of Heineken Silver and Heineken Original across Karnataka’s retail stores and bars…
- Sanjay Dutt Introduces The Glenwalk’s Zero-Calorie Ginger Ale 23 August 2024, indianretailer.com Sanjay Dutt, a prominent Bollywood actor and long-time brand ambassador for The Glenwalk, has unveiled the latest addition to the premium Scotch whisky brand’s offerings: the Zero-Calorie Ginger Ale…
- Godrej Interio Announces Expansion with 10 New Kitchen Specialty Outlets by FY 2025 23 August 2024, indianretailer.com Godrej Interio, the renowned home and office furniture division of Godrej & Boyce, has announced plans to launch 10 new kitchen specialty outlets across India by the end of the fiscal year (FY) 2025…
- boAt Introduces the Wanderer Smartwatch for Enhanced Child Safety in India 23 August 2024, indianretailer.com In a notable advancement for retail and technology in India, boAt, the world’s second-largest audio and wearable brand, has launched the boAt Wanderer Smartwatch. This 4G-enabled smartwatch is designed to address key concerns of parental safety with features including real-time GPS tracking, geo-fencing, voice and video calling, and SOS alerts…
- STIM Oral Care Unveils Probiotic Toothpaste, Redefining Daily Dental Routine 23 August 2024, retail.economictimes.indiatimes.com In a pioneering development in the field of dental care, STIM Oral Care has unveiled its latest innovation, the STIM Probiotic Toothpaste. This cutting-edge product is set to revolutionize oral hygiene by incorporating the power of dental probiotics, marking a significant advancement in the promotion of optimal oral health…
- Uppercase Raises $9M to Expand Sustainable Luggage in India 23 August 2024, indianretailer.com Uppercase, the innovative and sustainable luggage brand, has raised $9 million in its Series B funding round, led by global venture capital firm Accel. This fresh infusion of capital will fuel the brand’s ambitious expansion plans, targeting a significant increase in its customer base across India…
- Piyush Goyal slams Amazon’s biz practices in India, questions losses and impact on local retailers 22 August 2024, retail.economictimes.indiatimes.com Union Commerce Minister Piyush Goyal raised alarms about Amazon’s business practices, particularly its pricing strategies. “If you make a 6,000 crore loss in 1 year, does that not smell like predatory pricing to any of you?” he questioned…
- Zomato approves acquisition of Paytm’s entertainment ticketing business 22 August 2024, retail.economictimes.indiatimes.com One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own…
- Decathlon India eyes Rs 8K cr revenue in next 3-5 years; plans Rs 900 cr investment, q-comm foray 22 August 2024, retail.economictimes.indiatimes.com The investment is in line with the company’s ambitious plans to double its revenue to Rs 8,000 crore within the next 3-5 years. For FY24, Decathlon’s unaudited revenue stands at Rs 4,000 crore, Sankar Chatterjee, CEO, Decathlon India told ETRetail…
- Ambuja Neotia Group to invest Rs 2,000 crore to open two new malls 22 August 2024, retail.economictimes.indiatimes.com Currently, the 6 existing malls span across 2 million sq ft retail space and the group is planning to add 1.5 million sq ft retail space with two upcoming malls…
- Grasim made Rs 20,000 cr capex in FY24, its largest ever: Chairman Kumar Mangalam Birla 22 August 2024, retail.economictimes.indiatimes.com Grasim Industries has announced a record capital expenditure of nearly ₹20,000 crore for fiscal year 2023-24, marking its largest investment to date. Over the past five years, the company has invested nearly ₹50,000 crore, with over 75% dedicated to growth initiatives…
- Shiprocket’s D2C marketplace Zop in pilot stage: CEO Saahil Goel 22 August 2024, retail.economictimes.indiatimes.com “The aim is to build a brand discovery platform: “It’s a destination for consumers to find unique D2C Indian brands, explore their stories and products, and eventually provide merchants ways to promote products via ads or sales commissions, which we will figure out later,” D2C marketplace called Zop managing director and chief executive Saahil Goel said…
- How much carbs in the food? Restaurants to be pulled up for lack of nutrition info 22 August 2024, retail.economictimes.indiatimes.com The government decided to target restaurants failing to disclose nutritional information on their menus, impacting numerous establishments across India. Although required since July 2022, many restaurants remained non-compliant. FSSAI intended to send notices and enforce guidelines, enhancing consumer awareness about nutritional content in food. This move aimed to bolster food safety…
- Amul emerges as world’s strongest food and dairy brand, topping global rankings in Brand Finance Food & Drink 2024 Report 22 August 2024, retail.economictimes.indiatimes.com Amul brand strength was evaluated with a Brand Strength Index (BSI) score of 91.0 out of 100, earning it the prestigious AAA+ rating. Amul’s performance in familiarity, consideration, and recommendation metrics solidified its position as a global leader in the food and dairy sectors. While Amul shines in brand strength, the report identifies Nestle and Lay’s as leaders in brand value. Nestle retained its title as the world’s most valuable food brand, despite a 7 per cent decline in brand value to USD 20.8 billion…
- Rural demand in FMCG sector will grow more in the coming quarters: Axis Securities 22 August 2024, retail.economictimes.indiatimes.com Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth…
- India delivering double-digit sales growth of FMCG, tech durables from modern trade channels: Report 22 August 2024, retail.economictimes.indiatimes.com India stands out as the sole market in the Asia-Pacific region showing consistent double-digit growth in FMCG and tech durable sectors through modern trade channels, driven by premiumisation and festive period sales, as per a report by NielsenIQ. The country holds a dominant position in modern trade sales, with premium-plus pricing segments representing a significant portion of both FMCG and tech durables sales…
- Meat startups take slow-cooking route to expand offline presence 22 August 2024, financialexpress.com Encouraged by the massive size of the wet market in India, online meat and seafood delivery startups have started taking the offline route. But just like slow-cooked meat which tastes better, the online players are adopting a slow and steady approach for their offline foray…
- Keystone Realtors to invest Rs 900 crore in residential projects in FY25: Boman Irani, CMD 22 August 2024, realty.economictimes.indiatimes.com Earlier this month, Keystone Realtors reported a 45 per cent decline in its consolidated net profit at Rs 25.82 crore for the June quarter of this fiscal on higher expenses…
- Titan Capital closes Rs 200-crore fund to double down on existing portfolio startups 22 August 2024, retail.economictimes.indiatimes.com Titan Capital, founded by Kunal Bahl and Rohit Bansal, has raised Rs 200 crore for its new fund. The company aims to focus on its existMajor family offices and chief executives are a part of the new fund…
- Reliance-Owned Hamleys Launches Third Store in Italy at Oriocentre Mall 22 August 2024, indianretailer.com Reliance-owned multinational toy retailer Hamleys has continued its expansion in Italy with the launch of its third store in the country, following its debut earlier this year. The Mumbai-based retail giant announced the opening through a social media post…
- Summercool to Open New Manufacturing Plant in Prayagraj 22 August 2024, indianretailer.com Summercool, a prominent player in the home and kitchen appliances sector, is set to launch a new manufacturing facility in the Naini Industrial Area, Prayagraj. This development represents a key milestone in the brand’s expansion within the retail market in India…
- Furnitech Luxe Makes Offline Debut in Select Pepperfry Studios Across India 22 August 2024, indianretailer.com Furnitech Luxe, a leading luxury furniture brand known for its opulent upholstered furniture, is set to make its offline debut in India through a partnership with Pepperfry. This strategic move marks a significant milestone for Furnitech Luxe as it expands its retail presence, allowing customers to experience its products firsthand in select Pepperfry studios…
- Odysse Electric Expands Presence to Over 150 Cities Across India 22 August 2024, indianretailer.com Odysse Electric is significantly expanding its operations, reaching more than 150 cities across India. This expansion reflects the company’s commitment to advancing electric mobility in the retail sector and making sustainable transportation more accessible throughout the country…
- Stone Sapphire India Appoints Shobhit Singh as CEO to Drive Growth 22 August 2024, indianretailer.com Stone Sapphire India Pvt Ltd has announced the appointment of Shobhit Singh as its new Chief Executive Officer (CEO). Previously serving as the Director, Singh’s promotion reflects a strategic move to enhance the company’s market position and broaden its reach within India’s retail sector..
- Pernod Ricard India Aims for Market Expansion with New Premium Whiskies 22 August 2024, indianretailer.com Pernod Ricard India has unveiled a strategic plan to triple its revenue over the next decade by focusing on premiumization and innovation within India’s retail sector. As part of this initiative, the company introduced two new whiskies: Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky…
- adidas Honors 75-Year with Special Edition Sneakers 22 August 2024, indianretailer.com adidas, a leading global sportswear brand known for its distinctive three-stripe trademark, is celebrating its 75th anniversary with the launch of a special sneaker collection. This milestone collection, featuring some of the…
- Kalpataru reports net loss of Rs 100.74 crore in FY24 21 August 2024, realty.economictimes.indiatimes.com Mumbai-based Kalpataru Ltd has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises a fresh issue of shares, having a face value of Rs 10 each, aggregating up to Rs 1,590 crore…
- Four listed REITs distribute Rs 1,371 crore to unitholders in Q1 FY24 21 August 2024, realty.economictimes.indiatimes.com Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders…
- Flutter Entertainment invests $3.5 million to open GCC in Hyderabad 21 August 2024, retail.economictimes.indiatimes.com Spread over 80,000 sq ft and across three floors, the new hub will have space for over 700 employees working across data engineering, game integrity services, HR operations, procurement, safety and security and customer operations…
- Neville Tata takes charge as head of Star Bazaar, marking next generation leadership in Tata Retail 21 August 2024, retail.economictimes.indiatimes.com Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said…
- We want to be a 10,000 cr brand : Abhiraj Bhal, CEO and Co-founder, UC 21 August 2024, retail.economictimes.indiatimes.com From the biggest upcoming opportunities to Urban Company’s future plans and the gig economy’s rapid growth, Abhiraj Bhal, CEO & Co-Founder of Urban Company gets candid…
- ETRetailCafe: Meena and Siddharth Bindra on humble journey of brand BIBA 21 August 2024, retail.economictimes.indiatimes.com Meena Bindra, Chairperson, BIBA, and Siddharth Bindra, MD, BIBA fondly share the journey of brand, its principles, value propositions and a lot more in this episode of ETRetailCafe…
- UBS pegs $15.4 billion enterprise value to Zomato’s Blinkit business 21 August 2024, retail.economictimes.indiatimes.com UBS valued Zomato at $32.1 billion – a 15% premium over its current market capitalisation of $27.8 billion. As of July, the brokerage firm estimated Blinkit’s market share at 40-45%, with Swiggy’s Instamart at 20-25%, followed by Nexus Venture Partners-backed Zepto at 15-20%, and Big Basket’s BBNow at 10-15%…
- Puma looks to be a sports & performance-first brand 21 August 2024, retail.economictimes.indiatimes.com Puma remains India’s top sports and apparel brand, recording a 10% sales rise last year and achieving ₹3,274 crore in revenue. The company aims to enhance its credibility in sports by partnering with the Athletics Federation of India and the Indian Olympic Association. Despite slowing demand, Puma focuses on maintaining growth through sports and performance products…
- Pernod Ricard plans to triple revenue by next decade; launches two new premium whiskies 21 August 2024, retail.economictimes.indiatimes.com Pernod Ricard India announced the launch of two premium whiskies—Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky. This move is part of their strategy to triple revenue over the next decade by focusing on premiumisation and innovation in the Indian market. The company aims to leverage its strong market position…
- Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million 21 August 2024, retail.economictimes.indiatimes.com Accel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail stores in India, Europe, and the Middle East. Uppercase plans to open 50 stores by March 2025 and aims to double its revenue to Rs 150 crore this fiscal year…
- Bagzone Lifestyles expands portfolio with an online exclusive brand Lavie Signature 21 August 2024, retail.economictimes.indiatimes.com To launch Lavie Signature, the group has invested around Rs 5 crore and anticipates to continue investing a similar amount for the next 2-3 years before it starts seeing any significant ROI output…
- Amul named the world’s strongest food brand 21 August 2024, financialexpress.com Septuagenarian Amul is now the world’s strongest food brand, says Brand Finance’s Global Food & Drinks Report 2024. Amul boasts a Brand Strength Index (BSI) score of 91 out of 100 and an AAA+ rating, according to the report…
- Third Wave Coffee, Riskcovry shortlisted for IIMA Ventures’ People and Culture Accelerator 21 August 2024, thehindubusinessline.com The program is designed for startups across seed and Series A stages to help founders, team leaders and people leaders proactively address gaps in their people strategy and culture IIMA Ventures (formerly IIMA-CIIE) launched the second cohort of People and Culture Accelerator and has handpicked eight startups for the 3-month accelerator including companies like Third Wave Coffee, Toprankers, Riskcovry, Roopya…
- Food companies get 4 more months to exhaust packaging materials claiming 100% fruit juices 21 August 2024, retail.economictimes.indiatimes.com The FSSAI has given food businesses an extension until December to use packaging materials claiming ‘100 per cent fruit juices’. This followed consultations and an earlier directive to remove such claims due to misleading marketing. Products manufactured before the new deadline can be sold until the end of their shelf life…
- Zappfresh acquires Mumbai-based Bonsaro to expand its online meat delivery business 21 August 2024, retail.economictimes.indiatimes.com Zappfresh has taken over the entire operations and business of Bonsaro, including all assets, to expand its presence in the western region. With this acquisition, the company is expecting a revenue of Rs 160 crore in FY 25 with a significant jump in profit…
- Stone Sapphire India appoints Shobhit Singh as CEO 21 August 2024, retail.economictimes.indiatimes.com Shobhit Singh said, “Our vision is to bring iconic and relevant brands to the Indian retail market, catering to diverse customer needs. We aim to achieve a significant milestone of clocking Rs 1,000 crore in revenue over the next four years while maintaining our commitment to quality and customer satisfaction.”..
- How Fixderma is Leading India’s Skincare Industry with Data and Innovation 21 August 2024, indianretailer.com Fixderma is a skincare solution brand that started 14 years ago, making its first appearance as an omnichannel brand. It is a leading dermaceutical giant in India with a wide range of skincare products created to enhance skin health and repair conditions…
- JR One Footwear Expands with Two New Factories in Tamil Nadu 21 August 2024, indianretailer.com JR One Footwear Pvt. Ltd., a joint venture between Phoenix Kothari Footwear Ltd. and Taiwan-based ShoeTown Group, is set to expand its operations in Tamil Nadu by establishing two additional manufacturing facilities and leather component clusters in the state…
- YesMadam Opens Tech-Driven Flagship Salon in Delhi-NCR 21 August 2024, indianretailer.com YesMadam has unveiled its first tech-driven flagship salon in Delhi-NCR, marking a significant step in integrating technology with luxury in India’s retail beauty industry. This salon introduces innovative features that aim to elevate the customer experience in the salon and wellness space…
- Casa India Expands Retail Presence with Third Outlet in Kolkata 21 August 2024, indianretailer.com Casa India, a leading name in India’s luxury home décor sector, has announced the opening of its third outlet in Kolkata, located at Kankurgachi. This expansion follows the successful operation of its other stores at City Centre Mall, Salt Lake, and Nager Bazar, further solidifying the brand’s presence in the city’s retail landscape…
- Yousta by Reliance Retail Debuts at Ambience Mall, Gurugram 21 August 2024, retail.economictimes.indiatimes.com Reliance Retail’s youth-centric fashion brand, Yousta, continues its expansion with the grand opening of a new store at Ambience Mall in Gurugram. This launch marks a significant milestone for the brand, which has quickly gained popularity for its trendy yet affordable fashion offerings aimed at young consumers…
- D2C Fashion Brands Highlander and Tokyo Talkies Make Offline Retail Debut 21 August 2024, indianretailer.com Bengaluru-based Brand Studio Lifestyle is marking a significant milestone as its direct-to-consumer (D2C) fashion brands, Highlander and Tokyo Talkies, venture into offline retail. The company has recently expanded its physical presence with the opening of 13 new stores this month alone…
- Acer India Debuts AI-Powered Nitro V 16 with AMD Ryzen 8040 at Rs. 1,09,999 21 August 2024, indianretailer.com Acer, a leading brand in the PC industry, has launched its first fully AI-integrated gaming laptop, the Acer Nitro V 16, marking a new era in gaming technology. This innovative device is designed to redefine the gaming experience with its advanced features and powerful performance…
- Zepto’s Raksha Bandhan Delivery Success Highlights India’s Growing E-comm Reach 21 August 2024, retail.economictimes.indiatimes.com In a remarkable demonstration of logistics and retail efficiency in India, Zepto celebrated Raksha Bandhan by facilitating the delivery of over 1.4 million “Shagun ka Lifafas” across the country…
- Bagzone Lifestyles Unveils Lavie Signature: A New Online-Exclusive Premium Brand 21 August 2024, indianretailer.com Bagzone Lifestyles Pvt Ltd, the company behind the renowned brands Lavie and Lavie Luxe, has announced the launch of Lavie Signature, a new standalone online-exclusive brand. Positioned between the beloved Lavie and the luxurious Lavie Luxe, Lavie Signature aims to redefine the concept of premium fashion by offering high-quality, stylish bags at affordable price points…
- Shapoorji Pallonji Group consolidates its real estate holdings under SPRE 20 August 2024, realty.economictimes.indiatimes.com The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. ..
- Alibaba affiliate may sell 1.54% stake in Zomato 20 August 2024, retail.economictimes.indiatimes.com Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ₹3,400 crore. The shares were priced at ₹251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year…
- Mid-sized global restaurant chains find Indian market palatable 20 August 2024, retail.economictimes.indiatimes.com Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines…
- Happy meals not making Indians happy anymore? McDonald’s, Burger King & other QSR brands losing their mojo in India 20 August 2024, retail.economictimes.indiatimes.com Interest in international quick service restaurant (QSR) chains like McDonald’s, Burger King, and Pizza Hut is waning among Indians, prompting these brands to focus on value offerings to attract customers. The rise of modern food brands backed by venture capital and the popularity of food delivery platforms like Zomato and Swiggy have intensified competition, making it harder for global QSR giants to draw in diners…
- Retail sales grow a mere 2% in July 20 August 2024, retail.economictimes.indiatimes.com Retail sales across India grew by a modest 2% in July 2024 compared to 2023, as per the Retailers Association of India. West India saw the highest growth at 3%. Food and grocery segments registered the highest increase at 6%. There is a need for strategic measures to boost consumer demand and attain sustainable growth…
- Canada’s Couche-Tard looks to take over 7-Eleven owner 20 August 2024, retail.economictimes.indiatimes.com Alimentation Couche-Tard made a proposal to acquire Seven & i Holdings, aiming to create the world’s leading operator of convenience stores. This preliminary bid remains non-binding, and a special committee will review it. Seven & i’s shares surged amid the news, reflecting investor interest enhanced by recent market strategies and weak yen dynamics…
- Licious bets on offline model after success in online market 20 August 2024, financialexpress.com After cracking the online market, meat and seafood direct-to-consumer (D2C) unicorn Licious is now focusing on offline expansion. The company is looking to open 25 offline stores by the end of FY25, mostly in Bengaluru…
- Saudi perfumer Al Majed For Oud plans to list 30% stake on local bourse 20 August 2024, retail.economictimes.indiatimes.com The Gulf region has seen a flurry of IPOs in recent years as governments in Saudi Arabia and the United Arab Emirates in particular seek to deepen capital markets and attract investment. Several private companies have also decided to go public this year, including UAE supermarket franchisee Spinneys…
- H&M India Introduces Home Concept Store in Mumbai 20 August 2024, indianretailer.com H&M India, the international retail brand known for its blend of fashion and quality, has launched its H&M Home concept store in Mumbai at Phoenix Marketcity, Kurla. This new addition to the retail landscape in India brings a unique combination of fashion and home décor to the city, offering a diverse range of products that cater to varied customer preferences…
- Kalyan Jewellers Expands in Haryana with New Ambala Showroom 20 August 2024, indianretailer.com Kalyan Jewellers has expanded its retail presence in India with the launch of a new showroom in Ambala, Haryana. Located at Partap Nagar, Kalka Chowk on GT Road, this marks the company’s ninth showroom in the state, further solidifying its footprint in the region…
- NCLT Sanctions Merger of TCNS Clothing into Aditya Birla Fashion and Retail 20 August 2024, indianretailer.com The National Company Law Tribunal (NCLT) Mumbai Bench has approved the merger of TCNS Clothing Co. with Aditya Birla Fashion and Retail (ABFRL) under a Scheme of Amalgamation by way of Merger by Absorption…
- Sanjay Singhal Joins Wagh Bakri Tea Group as CEO After Successful ITC Tenure 20 August 2024, indianretailer.com Sanjay Singhal, former Chief Operating Officer (COO) of ITC, has taken the reins as the Chief Executive Officer (CEO) of Wagh Bakri Tea Group. With a distinguished career spanning multiple top-tier companies, Singhal’s transition marks a significant leadership change for the 132-year-old tea brand…
- Amala Earth Concept Store Debuts Saphed’s Sustainable Mool Range 20 August 2024, indianretailer.com Amala Earth Concept Store has introduced the Mool collection by Saphed, marking a notable advancement in natural fiber fashion in India’s retail landscape. This exclusive collection showcases a new direction in sustainable fashion, featuring cotton linen, an innovative material that complements Saphed’s minimalist design philosophy…
- Tira Expands Product Portfolio with Korean Skincare Brand Mixsoon 20 August 2024, indianretailer.com Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
- Highlander and Tokyo Talkies Expand Into India’s Offline Retail Market 20 August 2024, indianretailer.com Highlander and Tokyo Talkies, two popular brands from the House of Brand Studio Lifestyle, are making a significant move into the offline retail market in India. Known for their appeal among Gen Z and their focus on data-driven fashion, these brands have made a name for themselves as digital-first entities…
- Snitch Expands Retail Presence in India with New Store at Inorbit Mall Vashi 20 August 2024, indianretailer.com In a move to strengthen its retail footprint in India, Inorbit Mall Vashi, Navi Mumbai’s prominent shopping destination, has launched Snitch, a fast-growing men’s fashion brand known for its trend-responsive designs. Snitch, which has rapidly gained popularity since its inception in 2020, opened its new store on August 15…
- Carbon Café Introduces Jaipur’s First “Kitchen Rave” Event 20 August 2024, indianretailer.com Carbon Café recently hosted Jaipur’s inaugural “Kitchen Rave,” a unique event that combined food, music, and coffee to create a distinct social experience. Held on August 15 from 5 PM to 8 PM, this event drew together food enthusiasts and coffee aficionados for a gathering reminiscent of a lively house party…
- Bombay Cartel Launches Their New Outlet in Kala Ghoda, Mumbai 20 August 2024, indianretailer.com Bombay Cartel, an intriguing new dining destination, has launched in the Kala Ghoda, Fort district of South Mumbai. Situated in this area rich in history and culture, the restaurant blends modern style with the unique artistic character of Kala Ghoda…
- Pune’s Burger King Wins 13-Year Old Trademark Battle Against Global QSR Chain 20 August 2024, indianretailer.com Global fast food chain Burger King has lost a 13-year legal battle against a namesake eatery in Pune, with a commercial court in the district dismissing the company’s trademark infringement lawsuit…
- Tira Adds Korean Skincare Brand Mixsoon to India Portfolio 20 August 2024, indianretailer.com Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
- Accor and Brigade Hotel Ventures Launch ibis Styles Mysuru, Expanding Presence in Karnataka 20 August 2024, indianretailer.com Accor, a leading global hospitality group, and Brigade Hotel Ventures Ltd. (BHVL) have announced the opening of their first ibis Styles property in Karnataka, marking a significant addition to the hospitality sector in the region…
- How Ultra is Expanding Its 40-Year Legacy from Entertainment to the Toy Aisle 20 August 2024, indianretailer.com With a legacy spanning 40 years, Ultra Group has been a pioneering force in the entertainment industry, excelling in content production, acquisition, distribution, and syndication of both Indian and international content…
- Omaxe’s net loss widens to Rs 147.44 crore in Q1 FY25 19 August 2024, realty.economictimes.indiatimes.com The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13…
- Macrotech Developers’ net debt rises 43.5% to Rs 4,320 crore in Q1 FY25 19 August 2024, realty.economictimes.indiatimes.com According to its latest investors presentation, Macrotech Developers’ net debt stood at Rs 4,320 crore as of June 30, 2024, against Rs 3,010 crore at the end of the March quarter of 2023-24…
- Kolte-Patil Developers’ CFO resigns 19 August 2024, realty.economictimes.indiatimes.com In a regulatory filing on Saturday, the company informed that Jena resigned on 17 August 2024 to “pursue professional opportunities outside the organization”…
- Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur 19 August 2024, retail.economictimes.indiatimes.com US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
- Azorte Expands with New Premium Fashion Store in Vadodara 19 August 2024, indianretailer.com Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
- Top 5 Sibling Entrepreneurs Revolutionizing Indian Retail 19 August 2024, indianretailer.com Rakhsha Bandhan is the celebration of the bond between brothers and sisters. On this occasion, Indian Retailer looks at those dynamic sibling entrepreneurs who have heralded successful businesses while navigating through numerous challenges in the retail industry…
- Online Businesses are fuelling India’s Pre-Owned smartphone industry 19 August 2024, indianretailer.com India is home to 659 million smartphone users, the second largest smartphone user base in the world. Internet penetration, mobile-first infotainment and financial platforms, and superlative camera features are some of the contributing factors to the growth of smartphone aspirations, even in Tier II and below towns…
- How Fashion Brands Are Changing the Retail Game in 2024 19 August 2024, indianretailer.com By 2024, the fashion industry will look very different thanks to new technologies and a focus on customers and the environment. Fashion brands are not just selling clothes or accessories anymore; they are creating exciting, personalized shopping experiences that make old retail models seem outdated…
- VAHDAM INDIA & Paramount Launch ‘Emily in Paris’ Tea Collection 19 August 2024, indianretailer.com Global wellness brand VAHDAM INDIA has announced a captivating new collaboration with Paramount, unveiling the VAHDAM INDIA X Emily in Paris Limited Edition Collection of Wellness Teas…
- FabriCare Unveils New Campaign Featuring Bollywood Stars Ranbir Kapoor and Alia Bhatt 19 August 2024, indianretailer.com FabriCare – High-Performance Fabrics by D’Decor has announced its latest campaign, featuring Bollywood’s celebrated couple, Ranbir Kapoor and Alia Bhatt. Directed by the renowned Karan Johar under his banner Dharma 2.0 and conceptualized by 82.5 Communications, the campaign celebrates the essence of “Beauty that needs no protection,” showcasing FabriCare’s innovative fabrics amidst the everyday drama of home life…
- Medusa Beverages and Warner Bros. Unveil ‘House of the Dragon’ Inspired Beer Collection 19 August 2024, indianretailer.com Medusa Beverages, the iconic home-grown beer brand, has announced an exciting partnership with Warner Bros. Discovery Global Consumer Products to launch an exclusive “House of the Dragon” inspired beer collection…
- Festive season begins with a bang: quick commerce sees jump in sales 19 August 2024, retail.economictimes.indiatimes.com Blinkit and Zepto saw increased sales and expanded their product ranges for the festive season, targeting doubled SKUs for Diwali. With significant sales spikes for Rakshabandhan, the platforms also emphasised discounts and international orders. Mumbai-based rival Zepto said it aimed to deliver 3.5 million orders in the three days leading up to Rakshabandhan…
- Innerwear sales indicate economic turnaround is here to come 19 August 2024, retail.economictimes.indiatimes.com Inner wear sales have been particularly impacted for over six quarters now, along with a slowdown in overall apparel demand. Primary sales, or despatches from companies to dealers, for the industry were stagnant for the last few quarters due to high unsold stock since Covid. Primary sales by volume, or number of units sold, grew last quarter, though at a slower pace than secondary sales…
- Consumption to revive in coming qtrs, e-commerce to drive growth: Bata MD & CEO 19 August 2024, retail.economictimes.indiatimes.com Bata India expects a recovery in upcoming quarters driven by festive season demand, retail expansion, and e-commerce growth. The company planned store renovations and affordable new products for young buyers, alongside investments in technology and premiumization, despite a recent decline in revenue…
- India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe 19 August 2024, retail.economictimes.indiatimes.com India’s apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). Apparel exports shot up to $1,277.20 million during July this year from $1,141.95 million in the same month last year, while textile exports were steady at $1,660.36 million in July compared to $1,663.06 million…
- Trademark infringement: Burger King loses legal battle against namesake Pune eatery 19 August 2024, retail.economictimes.indiatimes.com Burger King Corporation’s 13-year lawsuit against a Pune-based eatery was dismissed by the local court. The court concluded that the local establishment had been using the ‘Burger King’ name since 1991-92, predating the US chain’s entry into India in 2014. No evidence of trademark infringement or damages was found…
- Nearly 12% of India’s tested spice samples fail quality, safety standards 19 August 2024, retail.economictimes.indiatimes.com Authorities in India identified that almost 12% of spice samples did not meet safety standards after international concerns about contamination. The Food Safety and Standards Authority of India conducted tests following Hong Kong’s suspension of MDH and Everest spice blends. Both brands assert their products remain safe for consumption, although these findings span broader testing…
- Tempur Sealy’s deal to buy Mattress Firm aims to ‘eliminate’ competition, document shows 19 August 2024, retail.economictimes.indiatimes.com Mattress maker Tempur Sealy International’s proposed $4-billion takeover of retailer Mattress Firm is intended to “eliminate future competition”, according to a document unsealed by a Texas judge. A May 2022 presentation to the board by the company’s CEO stated that buying Mattress Firm would enable Tempur Sealy to “eliminate future competition” and “block future competition”, the papers showed. The presentation did not name the executive…
- Retail players, QSRs slashed jobs in FY24 amid slowdown 19 August 2024, retail.economictimes.indiatimes.com Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown in store expansions amid weakening consumer demand. Leading this staff reduction were Reliance Industries’ retail arm and other major retailers. Still, some retailers, such as Shoppers Stop, continued to expand…
- FMCG players expect volume trends to sustain amid rising demand in rural markets 19 August 2024, retail.economictimes.indiatimes.com FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown…
- 3PL players continue to drive industrial & logistics leasing in H1 2024 19 August 2024, retail.economictimes.indiatimes.com Based on the performance so far, it is likely that 3PL players will lead the industrial and logistics leasing activity as retail, e-commerce and manufacturing players continue to progressively outsource their inventory and delivery capabilities to optimize costs and minimize lead time…
- Delhi-NCR Realty Frontrunner In PE Investments 17 August 2024, rprealtyplus.com Delhi-NCR’s real estate market has attracted highest private equity investment of $633.3 million during January-June period of this year as investors look to encash high demand for prime office space and luxury housing, according to Cushman & Wakefield…
- Vanguard Group Acquires 1.14 Cr Units In REIT Firm Nexus Select Trust 17 August 2024, rprealtyplus.com Vanguard Group bought more than 1.14 crore units in REIT firm Nexus Select Trust for Rs 158 crore via open market transactions, while Morgan Stanley sold its stake in the company…
- DLF files FIR against ex-CFO for Rs 311 crore blackmail, extortion 17 August 2024, retail.economictimes.indiatimes.com According to the FIR filed at a Gurgaon police station, DLF has alleged that Sanka is threatening to cause financial loss and also to defame and malign the reputation of the company…
- Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil 17 August 2024, retail.economictimes.indiatimes.com Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions…
- It’s coffee as usual for Starbucks in India: Appointment of new chairman won’t alter plans 17 August 2024, retail.economictimes.indiatimes.com Starbucks’ abrupt leadership change won’t affect Tata Starbucks’ Indian expansion plans, per Tata Consumer Products CEO Sunil D’Souza. The company aims to open 1,000 cafes by 2028. Despite new competition from Pret A Manger and Tim Hortons, Starbucks remains focused on growing its presence in the predominantly tea-drinking nation…
- Retailers association urges Delhi government to reduce signage fee in the city 17 August 2024, retail.economictimes.indiatimes.com The Retailers Association of India asked the Delhi government to reconsider high signage fees that burden small and medium retailers. These costs, significantly higher than in other cities, hinder retailers from attracting customers. Lower fees would help businesses thrive and improve compliance with the local advertising policy…
- Brand Studio Lifestyle goes omnichannel with Tokyo Talkies and Highlander; eyes 40 pc revenue from offline 17 August 2024, retail.economictimes.indiatimes.com By this fiscal end, the company plans to expand its reach to 11 states with 50 stores of Highlander, 20 stores of Tokyo Talkies, and 30 combined stores offering products from both brands – Tokyo Talkies and Highlander…
- Home care products witness 27% surge from 2015-23: Study 17 August 2024, retail.economictimes.indiatimes.com Home care products like toilet cleaners, floor cleaning products and mosquito repellents (insecticides) have witnessed a significant increase in demand since 2015, fuelled by the government’s cleanliness campaign Swachh Bharat Mission…
- McDonald’s elevates Tiffanie Boyd to Global Chief People Officer 17 August 2024, retail.economictimes.indiatimes.com McDonald’s, an American multinational fast food chain, has announced the appointment of Tiffanie Boyd as Executive Vice President and Global Chief People Officer, effective August 19. Currently, Boyd is serving as Senior Vice President and Chief People Officer for McDonald’s USA. She joined McDonald’s in 2021…
- FDI in food processing sector down 30pc to Rs 5,037 cr in 2023-24 17 August 2024, retail.economictimes.indiatimes.com Foreign direct investment (FDI) in India’s food processing sector declined 30 per cent in the last fiscal to Rs 5,037.06 crore, according to official data. The FDI in the food processing sector stood at Rs 7,194.13 crore in 2022-23. According to the data presented by the Food Processing Industries Ministry in Lok Sabha, the FDI in food processing sector stood at Rs 5,290.27 crore in 2021-22 and Rs 2934.12 crore in 2020-21…
- Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur 17 August 2024, indianretailer.com US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
- Azorte Expands with New Premium Fashion Store in Vadodara 17 August 2024, indianretailer.com Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
- ASUS India Expands Retail Presence with New Store in Nagpur 17 August 2024, indianretailer.com ASUS India, the Taiwanese tech giant, has expanded its retail footprint across India with the launch of a new exclusive store in Nagpur. The store, covering 230 square feet, will showcase a wide range of electronics and computer hardware, including flagship products like Vivobook, Zenbook, Republic of Gamers (ROG) laptops, gaming desktops, all-in-one desktops, and accessories…
- H&M India Launches First Home Concept Store in Mumbai 17 August 2024, indianretailer.com Hennes & Mauritz (H&M) India, the renowned international fashion and lifestyle retailer, has introduced its H&M Home concept to Mumbai for the first time. The new store, covering nearly 40,000 square feet, is situated at Phoenix Marketcity Mall in Kurla…
- Voyage Eyewear Expands Retail Presence with New Kiosk at Dwarka Pacific Mall 17 August 2024, indianretailer.com Voyage Eyewear has announced the opening of its new retail kiosk at Dwarka Pacific Mall, a strategic move aimed at increasing visibility and accessibility for customers in India…
- How to Start an Electronics Retail Store in India: Key Steps 17 August 2024, indianretailer.com The Indian consumer electronics market is valued at $73.73 billion and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The factors are driven by rising incomes, urbanization, and increased technology adoption…
- Q1 FY25: FMCG & Retail Giants Show Mixed Profit Growth as Honasa Consumer Leads with 62.9 pc Surge 17 August 2024, indianretailer.com The first quarter of fiscal year 2024-25 has revealed a diverse range of financial performances across India’s FMCG and retail sectors. Companies such as Honasa Consumer Ltd, Page Industries, Cantabil Retail, Titan Company, and DMart have all posted their Q1 results, each showcasing distinct trends in profitability, revenue growth, and strategic investments…
- Cantabil Reports Rs 127.9 Cr in Quarterly Revenue, Marking a 14.4 Pc Yearly Growth 17 August 2024, indianretailer.com Cantabil Retail India Ltd., a leading apparel manufacturer, has announced its financial performance for the quarter ending June 30, 2024, showcasing impressive growth figures…
- AC Makers Report Surging Revenues and Profits Amid Intense Summer Demand 17 August 2024, indianretailer.com Air conditioner manufacturers have recorded robust double-digit revenue growth, with several companies experiencing more than a two-fold increase in profits during the April-June quarter, driven by soaring demand due to the intense summer heat…
- Dyson Enters Ingredient Science with New Chitosan Styling Range 17 August 2024, indianretailer.com Dyson, known for its innovative approach to hair care, is expanding its presence in India’s retail beauty market with the launch of its first wet line styling products—the Dyson Chitosan formulations range…
- Vanguard Group buys over 1.14 crore units of Nexus Select Trust for Rs 158 crore 16 August 2024, realty.economictimes.indiatimes.com According to the bulk deal data available on the National Stock Exchange (NSE), the US-based Vanguard Group purchased 1,14,50,476 units, amounting to a 0.75 per cent stake in Nexus Select Trust…
- Sunteck Realty posts net profit of Rs 22.78 crore in Q1 FY25 16 August 2024, realty.economictimes.indiatimes.com Sunteck Realty’s net consolidated total income stood at Rs 328.01 crore in Q1 FY25, a growth of 271 per cent from Rs 88.41 crore it recorded in the similar quarter last year…
- Kalpataru files draft IPO papers with SEBI to raise Rs 1,590 crore 16 August 2024, realty.economictimes.indiatimes.com The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore…
- Valor Estate to develop 5.7 million sq ft with L&T Realty and Lodha Group 16 August 2024, realty.economictimes.indiatimes.com Potential revenue or area share to Valor Estate from 15.5 million sq ft of saleable residential and 2.3 million sq ft of commercial properties under various stages of development is Rs 13,650 crore…
- Builders, financial institutions cautiously optimistic of growth in realty sector: Report 16 August 2024, realty.economictimes.indiatimes.com “While both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector’s long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations,” Knight Frank said…
- Mars to buy Cheez-It, Pringles maker Kellanova in mega $36 bln deal 16 August 2024, retail.economictimes.indiatimes.com The deal dwarfs Mars’ $23 billion takeover of Wrigley in 2008 and would bring under one roof popular consumer brands, including Mars’ Twix, Bounty and Milky Way chocolates as well as Kellanova’s snacks portfolio of Pop-Tarts, Rice Krispies Treats and Eggo frozen waffles…
- Welspun Living aims for Rs 1,700 in topline in FY27; to set up pillow mfg unit in India 16 August 2024, retail.economictimes.indiatimes.com Welspun Living, which currently manufactures and sells home furnishing solutions via two brands – Welspun and Spaces – is planning to introduce its new brand, Christy in India soon…
- Heavy rains, water logging dent quick commerce, food delivery, dine-ins across North India 16 August 2024, retail.economictimes.indiatimes.com As North India experiences heavy rains and water logging, the business of quick commerce and food delivery platforms has been impacted. Delivery of products and food has been tough across pin codes, with order cancellations running high. Netizens took to social media to post videos and pictures of traffic jams in Delhi-NCR and cities across Haryana and Punjab…
- PC Jeweller swings to profit in Q1, sees early settlement of legal issues 16 August 2024, retail.economictimes.indiatimes.com PC Jeweller said it was “confident” of an early settlement of ongoing legal issues, which would allow management to focus on restoring business that had “suffered badly” in the last three years. The jeweller closed one company-owned store in Delhi and two franchise stores in Meerut and Saharanpur during the quarter. Two stores in Delhi remain temporarily shut due to ongoing court proceedings…
- Cantabil Retail profit falls, sales rise in Q1FY25 16 August 2024, retail.economictimes.indiatimes.com Apparel retailer Cantabil Retail posted a revenue of Rs 127.9 crore in the quarter, slightly up from Rs 111.8 crore in Q1FY24. Its EBITDA stood at Rs 39.4 crore witnessing growth of 14.5 per cent from the same quarter last year…
- Belgian bakery brand Le Pain Quotidien re-enters India 16 August 2024, retail.economictimes.indiatimes.com Le Pain Quotidien, a Belgian bakery, has partnered with Bake & Brew Pvt Ltd to re-enter India, planning 100 outlets by 2035. An initial investment of Rs 35 crore will start with two Mumbai outlets. The venture will create 1,500 jobs and focus on authentic dining experiences with a health and wellness emphasis…
- Major domestic appliances market sees 18 pc value-based growth in first half of 2024: Report 16 August 2024, retail.economictimes.indiatimes.com “This growth is 3X of growth in 2023 over the previous year,” said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report…
- Walmart’s Q2 international sales growth powered by Flipkart, other markets 16 August 2024, retail.economictimes.indiatimes.com Walmart’s Q2 FY25 saw significant international growth driven by Flipkart and operations in China and Mexico. Walmart recorded nearly $30 billion in net sales from international markets, a YoY growth of 8.3%. Operating income came in at $1.4 billion…
- Carlsberg to retain strategy post-full ownership of Indian ops, eyes accelerated investment 16 August 2024, retail.economictimes.indiatimes.com Carlsberg’s global CEO, Jacob Aarup-Andersen, confirmed that the Danish brewer does not plan a new strategy for India after acquiring full ownership of its Indian and Nepalese operations from the Khetan Group. The move, expected to finalize in a few months, will enable Carlsberg to boost investments and leverage opportunities in the rapidly growing Indian beer market, which is expanding four times faster than the overall segment. Andersen noted that while no dramatic strategy changes are anticipated, the company aims to enhance its market presence with increased control and investment…
- AC makers’ profits soar in April-June amid blistering heat 16 August 2024, retail.economictimes.indiatimes.com During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. Key players such as Voltas, Blue Star, Whirlpool of India, Johnson Controls-Hitachi, and Havells (owner of the Lloyd brand) reported substantial increases in both top-line and bottom-line metrics…
- Ola’s plans around EVs, quick commerce, more out on Independence Day 16 August 2024, retail.economictimes.indiatimes.com Ola Cabs rebranded itself as Ola Consumer to go beyond ride-hailing and also launched fully automated dark stores for use by ONDC. On Independence Day, Ola rolled out Ola Pay to pay for rides, food and groceries through UPI on the Ola app, while sister firm Krutrim promised to launch an in-house designed AI chip…
- Vacheron Constantin celebrates record sales, eyes growth in Indian luxury watch market 16 August 2024, retail.economictimes.indiatimes.com Vacheron Constantin, with historical ties to India’s maharajahs, is now focusing on emerging opportunities and consumer trends in the Indian market, according to Christophe Ramel, Managing Director for the Middle East, India, and Africa…
- In high spirits. Whisky emerges as top choice for younger consumers in India 16 August 2024, thehindubusinessline.com Wine may be used as a metaphor for age, but it is whisky that seems to have rhymed with the spirit of the youth in India – also the largest market for whiskey in the world. Traditionally consumed by an older age group (between 45 and 60), the hard drink’s admirers now fall in their 20s, with a median age of 28…
- Zara’s 24th Store Lands in Pune 16 August 2024, indianretailer.com Zara has opened its second retail location in Pune, India, at the Phoenix Mall of the Millennium. Spanning over 24,500 square feet, this new store aligns with Inditex and Zara’s approach to integrating advanced…
- Swiss Military Reports Strong Q1 Financial Growth, Enhances Operational Capabilities 16 August 2024, indianretailer.com Swiss Military, a renowned global brand recognized for precision and quality, has announced substantial financial growth for Q1 FY 24-25, reflecting its strong position in the retail market in India. The company reported consolidated revenue of Rs 4638.86 lacs and a profit before tax of Rs 232.43 lacs, marking a significant increase compared to the same period in FY 23-24…
- How India’s Retail Market is Diversifying Amid $1.4 Trillion Growth 16 August 2024, indianretailer.com The Indian retail market is experiencing remarkable growth, with projections indicating that it will surpass $1.4 trillion by 2027. This surge positions India as one of the fastest-growing retail markets globally…
- Top 10 Washing Machine Brands in India: Curated list (2024) 16 August 2024, indianretailer.com One of the mindless and hardworking chores is to wash clothes every day! Looking for a simpler, less time-consuming way? There are numerous washing machine brands in India that can be of great assistance…
- 69 Million Units Smartphones Shipped in 1H24 – What It Means for India’s Retail 16 August 2024, retail.economictimes.indiatimes.com The Indian smartphone market is a dynamic and rapidly evolving landscape, reflecting broader trends in consumer behavior, technological advancements, and global economic shifts. The first half of 2024 has showcased these dynamics vividly, with the market experiencing notable growth despite ongoing challenges…
- Humanscale Introduces ‘Perfect Workstation’ in India to Meet Growing Demand for Ergonomic Solutions 16 August 2024, indianretailer.com New York-based Humanscale, a leading designer and manufacturer of ergonomic products, has launched its ‘Perfect Workstation’ in India, targeting the country’s growing demand for ergonomic office and home workstations…
- Allied Blenders and Distillers Reports Strong Profitability Growth in Q1FY25 16 August 2024, indianretailer.com Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has released its financial results for the first quarter of fiscal year 2025 (Q1FY25). Despite a challenging retail environment in India, the company reported a significant improvement in profitability, reflecting strategic brand decisions and cost-saving measures…
- Omaxe posts net loss of Rs 146.98 crore in Q1 FY25 14 August 2024, realty.economictimes.indiatimes.com Omaxe’s net consolidated total income stood at Rs 385.23 crore in Q1 FY25, a growth of 74.43 per cent from Rs 220.85 crore it recorded in the similar quarter last year…
- Snitch Expands Retail Footprint with New Flagship Store in Pune 14 August 2024, indianretailer.com Snitch has announced the opening of its new flagship location, the NIBM Tribeca Store, situated at NIBM Annexe, Opp. Nine Hill, Mohammed Wadi, Pune, Maharashtra. This store marks a key development in Snitch’s strategic expansion plan to strengthen its physical retail presence across India…
- Chai Sutta Bar Increases Presence in Bengaluru with More Outlets 14 August 2024, indianretailer.com Chai Sutta Bar has expanded its footprint in Bengaluru with the opening of two new outlets. This move aligns with the brand’s strategy to enhance its presence in South India, where it has received strong support from tea enthusiasts…
- Art of Time Expands Luxury Watch Presence with Panerai Boutique Acquisition in Mumbai 14 August 2024, indianretailer.com Art of Time has officially acquired the Panerai boutique at Palladium Mall, Mumbai. This strategic move is part of Art of Time’s broader effort to strengthen its retail footprint and cater to a growing demographic of affluent consumers in Central Mumbai…
- Enza Home Expands into India with New Showroom on MG Road 14 August 2024, indianretailer.com Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi…
- How Numero Uno is Aggressively Expanding into India’s Tier II and III Cities 14 August 2024, indianretailer.com When it comes to Indian denim, Numero Uno has long been the kingpin, reigning supreme since 1987. But as the fashion landscape evolves, even the most iconic brands must keep pace with the times…
- TELEFUNKEN Teams Up with Bradford to Revolutionize Retail in India 14 August 2024, indianretailer.com The heritage German consumer electronics and industrial goods brand, TELEFUNKEN, is excited to announce its strategic licensing representation partnership for the Indian market with Bradford License India, a premier licensing agency…
- KAI India Expands Manufacturing Capacity at Neemrana Plant 14 August 2024, indianretailer.com KAI India has announced a major expansion of its manufacturing operations at its Neemrana plant, aimed at significantly increasing its production capacity for women’s razors…
- India’s Baby Retail Titan FirstCry Goes Public with a Bang 14 August 2024, indianretailer.com FirstCry, the dominant omnichannel player in baby and maternity products retail, has taken a significant step forward by announcing its public listing, marking a major milestone in its 14-year history…
- B2B vs B2C Marketing: Understanding the Key Differences 14 August 2024, indianretailer.com Do you have the question of why marketing strategies are so different from one company to another? The one that sells to business customers only, and the one that sells directly to consumers? Retailers and those who are planning to enter the field must understand the differences between B2B and B2C marketing to be successful…
- Wholsum Foods Expands Reach with Integration into ONDC Network 14 August 2024, indianretailer.com Wholsum Foods, the parent company behind popular brands Slurrp Farm and Mille, has officially joined the Open Network for Digital Commerce (ONDC) Network…
- India Introduces Diamond Imprest Licence to Support MSME Gem and Jewellery Exporters 14 August 2024, indianretailer.com At the 40th edition of the India International Jewellery Show (IIJS) 2024, held at the Bombay Exhibition Centre in Goregaon, Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, announced the introduction of the Diamond Imprest Licence…
- Hy-Vee Expands India Operations with New Bengaluru Office 14 August 2024, indianretailer.com Hy-Vee, Inc., a prominent retail grocery conglomerate based in West Des Moines, Iowa, has announced the expansion of its operations in India with a move to a new office in Bangalore…
- Kay Beauty’s Hydra Crème Lipsticks Break Sales Records in Debut Launch 14 August 2024, indianretailer.com Kay Beauty, the acclaimed beauty brand co-founded by Katrina Kaif in collaboration with Nykaa, has announced the exceptional success of its newest launch: the Hydra Crème Lipsticks…
- VAHDAM India Welcomes Akanksha Srivastava Byrnes as New Senior VP of Marketing 14 August 2024, indianretailer.com VAHDAM India, a leading global wellness brand renowned for bringing India’s finest teas and spices to the world, has announced the appointment of Akanksha Srivastava Byrnes as the Senior Vice President of Marketing…
- KIKO Milano Launches on Tira as Reliance Retail Expands Beauty Portfolio 14 August 2024, indianretailer.com Reliance Retail, led by Mukesh Ambani and Isha Ambani, has solidified its position in the Indian beauty sector through the strategic acquisition of KIKO Milano, a prominent Italian cosmetics brand…
- Kalyanamm Launches in Indian Market with Eco-Friendly Pooja Essentials 14 August 2024, indianretailer.com Kalyanamm, a direct-to-consumer (D2C) brand from Holy Waste, has officially launched in the Indian sustainability market with its innovative “flower cycling” approach. The brand introduces a unique range of eco-friendly pooja essentials meticulously crafted from recycled holy waste…
- Clovia Plans 300 New EBOs; Boosts Distribution with Quick Commerce Investment 14 August 2024, irecwire.com In April 2022, Clovia began a new chapter by partnering with Reliance. Now, more than two years later, the journey has had its ups and downs, but overall, it has been a positive experience…
- Bakery Industry: Growth, Innovations and Future 14 August 2024, irecwire.com With a predicted value of $15.5 billion in 2023 and a compound annual growth rate (CAGR) of 6.3% from 2024 to 2035, the global market for baking ingredients is expected to reach $32.1 billion by that time. ..
- La Gioia Brings Authentic Southern Italian Dining to Bangalore 14 August 2024, indianretailer.com La Gioia – Ristorante Italiano by Buono Eats has opened its doors in Indira Nagar, Bangalore, offering a unique dining experience that captures the true essence of Southern Italy…
- Pune’s Registered Transactions Jump 50% YoY In June Quarter 13 August 2024, rprealtyplus.com Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards…
- Lucknow Has Highest Gross Leasable Area Of Shopping Malls Across 21 Tier 2 Cities 13 August 2024, rprealtyplus.com According to Knight Frank India’s research report Lucknow has the highest gross leasable area (GLA) of shopping centres across the 21 Tier 2 cities in the country. Recently, Knight Frank India conducted a primary survey of 340 shopping centres across 29 Indian cities, including 21 Tier 2 cities such as Lucknow…
- Reliance Retail gets over Rs 14k cr from parent to expand presence 13 August 2024, retail.economictimes.indiatimes.com Reliance Industries has invested approximately ₹14,839 crore into Reliance Retail as debt over the last fiscal year, marking the largest financial support in a decade. This investment supports Reliance Retail’s expansion into smaller towns and new store formats, with a total of ₹19,170 crore invested, including ₹4,330 crore in equity. The company has also accelerated the repayment of bank loans, possibly in preparation for a future IPO, though no formal announcement has been made. Reliance Retail’s overall debt has risen to ₹81,060 crore, reflecting the significant funding from its parent company…
- Brands bet big on influencers to stay active, virtually 13 August 2024, retail.economictimes.indiatimes.com Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India’s influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement…
- ETRetailCafe: Kishore Biyani on tracking consumer behaviour, role of tech and more 13 August 2024, retail.economictimes.indiatimes.com Retail mogul Kishore Biyani shares how consumer behaviour is changing, evolving retail concepts and a lot more with ETRetail…
- DOMS Industries Q1 profit rises to Rs 54.3 crore 13 August 2024, retail.economictimes.indiatimes.com DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market…
- Landmark Group appoints Shashi Gumma as MD and CEO for SPAR Hypermarket 13 August 2024, retail.economictimes.indiatimes.com Landmark Group named Shashi Gumma as the managing director and CEO for SPAR Hypermarket. Gumma expressed excitement about enhancing shopper experiences. With 25 years in retail, he previously served as COO for Metro Wholesale India and CEO for More Supermarkets. SPAR operates over 13,900 stores across 48 countries, retailing various products…
- Yes Madam goes omnichannel; eyes 20 pc revenue from offline by this fiscal end 13 August 2024, retail.economictimes.indiatimes.com Currently, the brand has an online presence in 56 cities, however, it gets 85 per cent of its business from cities like Delhi/ NCR, Mumbai, Hyderabad, Pune, and Bengaluru…
- Consumer shift to premium products drives India’s electronics market growth 13 August 2024, retail.economictimes.indiatimes.com The consumer electronics market in India saw a significant shift towards premium products in the first half of 2024. While value sales increased by 11% in offline retail, unit sales remained almost flat, highlighting a trend where consumers prioritize feature-rich, high-end products. Online sales also grew, outpacing offline growth…
- Myntra increases focus on Gen Z, appoints Amit Mahajan to lead FWD 13 August 2024, retail.economictimes.indiatimes.com Mahajan will help the company develop innovative merchandising approaches to attract Gen Z consumers. Mahajan has also held the position of senior vice-president and business head at apparel and accessories brand Bewakoof…
- Enza Home Expands into India with New Showroom on MG Road 13 August 2024, indianretailer.com Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi. This expansion marks a key step in Enza Home’s strategy to introduce its refined and innovative furniture collections to Indian consumers…
- Gokyo Expands Footprint with New Store Launch in Nashik 13 August 2024, indianretailer.com Gokyo, a rising star in India’s adventure apparel and gear industry, proudly announced the grand opening of its newest store in Nashik on 10th August 2024…
- DriveX Expands with 7th Company Store in Coimbatore 13 August 2024, indianretailer.com DriveX, India’s pioneering and largest fully integrated platform for refurbished two-wheelers, proudly announces the grand opening of their latest company-owned showroom in Sulur, Coimbatore…
- Top 10 Popular Pizza Brands in India [2024] 13 August 2024, indianretailer.com The word pizza was first discovered in 997 AD. Pizza is an Italian dish typically consisting of a flat base of leavened wheat-based dough topped with tomato, cheese, and other ingredients, according to a Latin manuscript from the southern Italian town of Gaeta, in Lazio, on the border with Campania…
- White Hanger Opens Shop at Omaxe Chowk 13 August 2024, indianretailer.com Omaxe Chowk, a leading retail destination in Chandni Chowk, Delhi, has further expanded its portfolio with the launch of White Hanger, a well-known clothing store specializing in party and wedding attire…
- The Future of Digital Grocery: Five Strategic Recommendations for Profitability & Growth 13 August 2024, indianretailer.com In an era where digital transformation is reshaping every industry, the grocery sector is no exception. To stay competitive and profitable, grocers must navigate the complexities of digital commerce with a customer-centric approach…
- boAt Hits 5 Cr Milestone with ‘Made in India’ Products 13 August 2024, indianretailer.com In a significant development for the retail industry in India, boAt, the country’s leading audio wearables brand, has crossed the 5-crore mark in ‘Made in India’ products…
- WOW Skin Science Unveils Revolutionary Onion and Collagen Haircare Line 13 August 2024, indianretailer.com WOW Skin Science, a prominent name in the beauty and wellness industry, has introduced its latest innovation in haircare: the new and improved Onion + Collagen Anti-Hair Fall range…
- Portronics Enters Vacuum Cleaner Market with Launch of Mopcop 13 August 2024, indianretailer.com India’s beloved gadget brand, Portronics, is making a significant move into the home appliance sector with the launch of its latest product, the Mopcop vacuum cleaner. Designed to bridge the gap between traditional brooms and high-end, bulky cleaning appliances, the Mopcop offers an efficient, affordable solution for households looking for an upgrade…
- The Rise of Value Retail 13 August 2024, irecwire.com The days of luxury and premium brands ruling the Indian market are fading fast. Now, it’s all about affordable, trendy fashion that’s capturing the hearts of millions…
- NCLT approves Oberoi Constructions’ acquisition of Nirmal Lifestyle Realty 12 August 2024, realty.economictimes.indiatimes.com The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate insolvency resolution process (CIRP) in December 2021 with claims amounting to over Rs 748 crore…
- Signature Global cuts net debt by 16% to Rs 980 crore in Q1 FY25 12 August 2024, realty.economictimes.indiatimes.com “The company aims to keep net debt below 0.5 times of the projected operating surplus for the ongoing financial year, as a long term discipline,” the presentation said…
- Pilgrim to expand offline presence; eyes 35 pc revenue from offline by this CY end 12 August 2024, retail.economictimes.indiatimes.com Currently, the brand has a presence across 4,000 GT and MT stores across 200 cities with 1,100 beauty advisor counters. It also boasts of 5 EBOs in Mumbai, Nashik, Chennai, Hyderabad, and Mohali…
- Honasa expects Rs 1,000 cr annual revenue run rate from The Derma Co in next 3-5 years 12 August 2024, retail.economictimes.indiatimes.com Honasa Consumer expects its skin care brand The Derma Co to reach an annual revenue run rate of Rs 1,000 crore in next three to five years, according to the FMCG maker’s latest annual report. Besides, the company also expects its other skin care brand Aqualogica and hair care brand Dr. Sheth’s to enter the Rs 500-crore ARR (annual revenue run-rate) club and BBLUNT to reach Rs 250 crore ARR by then…
- House of Neeru’s forays into jewellery segment, launches new brand Tyohaar 12 August 2024, retail.economictimes.indiatimes.com In the next 18 months, it plans to open 6-7 stores in states like Telangana, Hyderabad, and Bengaluru…
- Mamaearth parent Honasa to discontinue ayurvedic beauty brand Ayuga 12 August 2024, retail.economictimes.indiatimes.com In the presentation, Honasa said Ayuga was launched to introduce ayurvedic beauty products in modern formats for Indian millennials back in December 2021. The brand was revamped two years later, based on consumer feedback, it added. However, the brand failed to get any traction despite the changes. Ayuga was an online only brand…
- Monster Beverage misses quarterly sales estimates as economic fears slow demand 12 August 2024, retail.economictimes.indiatimes.com Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment…
- Kai Group to invest 300 million yen to expand manufacturing facility in Rajasthan 12 August 2024, retail.economictimes.indiatimes.com Japan-based Kai Group is set to invest 300 million yen in its Neemrana, Rajasthan facility to increase production capacity of women’s razors by over 5 million units per year. This move supports their ‘make in India’ initiative and is expected to be operational by December 2024, meeting rising market demand…
- FMCG, consumer durable players target 40% growth this festive season 12 August 2024, thehindubusinessline.com Makers who witnessed a muted growth in H1 owing to general elections are expecting recovery with higher growth in H2 Fast-Moving Consumer Goods (FMCG) and White goods makers are expecting a 40 per cent growth in sales this festive season…
- Dyson expands retail presence in India, launches flagship Demo Store in Lucknow 12 August 2024, knocksense.com Excitement is brewing in Lucknow as Dyson opens its inaugural Demo Store, marking the brand’s debut in the city. Lucknowites, it’s time to explore and experience the latest in smart home technology, including sleek, cord-free vacuums, sophisticated air purifiers, and high-tech hair dryers and more…
- Honasa Consumer’s Q1 Profit Surges 63 Pc to Rs 40.25 Cr; Sales Rise 19 Pc to Rs 554 Cr 12 August 2024, indianretailer.com Honasa Consumer Ltd, renowned for its popular FMCG brands such as Mamaearth and The Derma Co, has reported a robust financial performance for the first quarter of the fiscal year ending June 2024. According to a regulatory filing released on Friday, the company has achieved a significant 62.9 percent increase in its consolidated profit after tax (PAT), which now stands at Rs 40.25 crore…
- Samsung Unveils Premium Experience Store at Ambience Mall, Vasant Kunj 12 August 2024, indianretailer.com Consumer electronics, Samsung has unveiled a new premium experience store at Ambience Mall in Vasant Kunj, New Delhi, according to a company announcement made recently…
- Why Offline Retailers Are Key to India’s MSME Boom 12 August 2024, retail.economictimes.indiatimes.com For years, offline retail has served as a vital component of local communities. MSMEs (Micro, Small, and Medium Enterprises) are intricately woven into the fabric of Indian commerce. These brick-and-mortar businesses are a testament to the enduring spirit of entrepreneurship and their unwavering commitment to serving their communities…
- Varun Dhawan Becomes the Face of Walkaroo 12 August 2024, indianretailer.com Walkaroo, India’s one of leading footwear brand has announced Bollywood actor Varun Dhawan as its new brand ambassador and is set to launch an ambitious integrated marketing campaign to highlight its extensive range of products…
- Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges 12 August 2024, indianretailer.com The rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
- EatFit and Moderate Join Forces to Expand Healthy Product Offerings Across India 12 August 2024, indianretailer.com EatFit, India’s largest healthy food platform under Curefoods, has announced an exclusive partnership with Moderate, a leader in lifestyle nutritional products. This collaboration will see EatFit distributing Moderate’s innovative offerings, including the popular Moderate-Carb, Calorie & Sugar Cutter, and Moderate-Happy Gut Probiotic Powder, across its platforms and affiliated brands…
- Minimalist Expands Skincare Line with New Science-Backed Baby Care Range 12 August 2024, indianretailer.com Minimalist, one of India’s leading science-backed skincare brand, has unveiled its expansion into the baby care category with the launch of Minimalist Pediatrics. This new line brings the brand’s effective and transparent skincare solutions to a broader audience, with products designed specifically for the delicate skin of babies…
- French Patisserie Brand Laduree Enters Pune 12 August 2024, indianretailer.com Ushering in a slice of Parisian style to the fast-growing metropolis of Pune, Ladurée, the world-renowned French patisserie brand, has launched its café at The Ritz-Carlton, Pune…
- Qmin Opens at Westside in Bengaluru’s Electronic City Offering a Blend of Shopping and Dining 12 August 2024, indianretailer.com Qmin has officially opened its doors at Westside in Electronic City, Bengaluru, offering customers a unique experience that combines shopping with culinary delights…
- Lenskart Launches Harry Potter-inspired Eyewear Collection with Warner Bros. Discovery 12 August 2024, retail.economictimes.indiatimes.com Lenskart has announced the debut of its Harry Potter-inspired eyewear collection, created in collaboration with Warner Bros. Discovery Global Consumer Products. This new line of eyeglasses brings the enchantment of the Harry Potter series to fans, offering a unique way to celebrate their favorite magical moments…
- Brigade Achieved Pre-Sales Of Rs 1086 Cr In Q1 FY25 10 August 2024, rprealtyplus.com Brigade Group reported a total revenue of Rs 1,113 Crores and Profit After Tax of Rs 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of Rs 1086 Crores. Average realisation stood at Rs 9,483 per Sft…
- Signature Global Q1 FY25 Revenue Grows 135% YoY 10 August 2024, rprealtyplus.com Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135% to INR 4.0 billion compared to INR 1.7 billion in Q1 FY24…
- Colliers India facilitates deal between Incuspaze & Bhutani Infra 10 August 2024, rprealtyplus.com Incuspaze, India’s leading flexible workspace provider, today announced a major expansion in North India through a strategic partnership with Bhutani Infra, India’s leading real estate company renowned for its role in urban township development and city evolution…
- NITCO Ltd Sold 4 Acre Land Parcel For Rs 232 Cr To Runwal 10 August 2024, rprealtyplus.com NITCO Limited, a leading name in the tile manufacturing industry, has sold a prime land parcel located in Kanjurmarg East to Runwal for Rs. 232 Cr. The land parcel, spanning 16,250 square meters or 4 acres, is a strategic asset with significant potential…
- DLF appoints Mahender Singh as independent director 10 August 2024, realty.economictimes.indiatimes.com In a regulatory filing, the company informed that the board of directors approved, the appointment of Mahender Singh as an independent director for a period of five consecutive years with effect from August 7, 2024…
- The Phoenix Mills acquires 9.03 acres land in Coimbatore for Rs 370.17 crore 10 August 2024, realty.economictimes.indiatimes.com Shishir Shrivastava, managing director of The Phoenix Mills said, “We are pleased to announce our acquisition in Coimbatore for a greenfield retail development project.”..
- Blackstone to sell 33 crore units in Nexus Select Trust for nearly Rs 4,500 crore 10 August 2024, realty.economictimes.indiatimes.com According to sources, Blackstone plans to sell 33 crore units in Nexus Select Trust at a floor price of Rs 135 apiece. Block deal is likely to happen on Friday. Blackstone intends to monetise its investment through this block deal…
- Kolte-Patil Developers’ net profit dips 86.72% in Q1 FY25 10 August 2024, realty.economictimes.indiatimes.com Kolte-Patil Developers’ net consolidated total income stood at Rs 350.29 crore in Q1 FY25, a dip of 39.45 per cent from Rs 578.51 crore it recorded in the similar quarter last year…
- Xiaomi, Vivo, Realme and Oppo in high demand: Indians lapping up Chinese brands despite intense scrutiny 10 August 2024, retail.economictimes.indiatimes.com China’s Xiaomi was examined by Indian government agencies over alleged foreign exchange violations in 2022, which coincided with a large proportion of its top leadership changing. The company ceded its No. 1 spot in the December quarter of 2022 to Samsung, eventually sliding to fourth. But by the June quarter this year, Xiaomi was back at the top on the back of an aggressive expansion in offline retail. Vivo is another Chinese company that has faced investigations over allegations of tax violations and money laundering…
- Trent Q1 profit rises two-fold; revenue at Rs 4,104 crore 10 August 2024, retail.economictimes.indiatimes.com Trent has been steadily expanding its youth-focused and low-priced brand Zudio, opening sixteen new outlets during the quarter and six new Westside stores, its more premium brand. Its revenue rose more than 56% to Rs 4,104 crore in the April-June period, its thirteenth straight quarter of revenue growth…
- Uniqlo India profit jumps 25%, sales growth declines 10 August 2024, retail.economictimes.indiatimes.com Uniqlo’s sales growth in India slowed to 32% last fiscal year, but its net profit increased by 25%. The company reported a net profit of ₹85.1 crore with revenues totaling ₹824 crore for FY24. Despite a tough market, Uniqlo aims to expand by introducing smaller stores in both existing and new cities in India…
- Domino’s India operator Jubilant FoodWorks reports two-fold surge in Q1 profit 10 August 2024, retail.economictimes.indiatimes.com Persistently high inflation has been prompting consumers to pare back spending on dining out or ordering in. India’s retail inflation hovered around 5% throughout the quarter amid high food prices, increasing cost pressure on the quick-service restaurant sector…
- Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19% 10 August 2024, retail.economictimes.indiatimes.com Mamaearth parent Honasa Consumer on Friday reported a 63% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2024, to Rs 40 crore versus Rs 24 crore reported in the corresponding quarter of the last financial year…
- High festive sales pitch sets tempo for temp hiring; demand to surge 15-20% YoY 10 August 2024, retail.economictimes.indiatimes.com The festive season is set to generate 600,000-700,000 temporary jobs across various industries, with a 15-20% increase in demand for such positions compared to last year. This surge in temporary hiring is driven by expected increases in consumer spending, a recovering rural economy, and a vibrant stock market…
- Restaurant Brands beats quarterly revenue estimates on Tim Hortons boost 10 August 2024, retail.economictimes.indiatimes.com Tim Hortons, like Yum Brands’ Taco Bell, has bet on regular menu refreshes such as in cold beverages and quick bites to attract more customers. The brand, which accounted for nearly half of the parent’s revenue in the quarter, reported same-store sales growth of 4.6%, ahead of expectations for a 4.3% increase…
- Heads Up For Tails eyes 10% share in the Indian pet care market by FY25; aims to be a Rs 500 crore brand by 2026 10 August 2024, retail.economictimes.indiatimes.com Heads Up For Tails (HUFT) is targeting a 10% share in the Indian pet care market by FY 2024-25, with a focus on pet health and nutrition. This fiscal year, HUFT is on an upward trajectory, generating a revenue of Rs 56 crore in the first quarter. Pet food, pet lifestyle, and pet grooming have majorly contributed to the overall sales, it said…
- Godrej Appliances aims to be amongst top three players in 3 years 10 August 2024, thehindubusinessline.com We are expecting a 40 per cent year-on-year growth in this festive season, backed by new product launches: Executive V-P Kamal Nandi Godrej Appliances is aiming to be amongst the top three players in the home appliances industry in the next three years…
- Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12% 10 August 2024, retail.economictimes.indiatimes.com At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal…
- India’s wearable device market sees first ever decline; falls by 10% YoY Q2 2024 10 August 2024, retail.economictimes.indiatimes.com India’s wearable market saw a 10% decline in Q2 2024, with total shipments falling to 29.5 million units. Smartwatch demand decreased significantly, contributing to the overall dip. Earwear sales remained stable. Brands prioritized clearing old inventory and are expected to launch new models during the festive season. Analysts anticipate annual smartwatch shipments to drop by 10% in 2024…
- Samsung Expands Retail Presence in India with New Experience Store at Ambience Mall, New Delhi 10 August 2024, indianretailer.com Samsung has launched a new premium experience store at Ambience Mall in New Delhi’s Vasant Kunj. This store is designed to be a comprehensive retail destination, combining sales, customer service, and immersive consumer experiences under one roof…
- Cellecor Gadgets Expands Retail Presence in India with New Stores in Mizoram and New Delhi 10 August 2024, indianretailer.com Cellecor Gadgets Limited, a leading name in India’s consumer durables sector, has announced the opening of two new Exclusive Brand Stores, one in Mizoram and the other in New Delhi…
- PMJ Jewels Expand Retail Footprint in India with Two New Stores in Bengaluru 10 August 2024, indianretailer.com PMJ Jewels has launched two new retail outlets in Bengaluru. These stores, located at Novel MSR Park in Marathahalli and Phoenix Market City Mall, mark the brand’s 36th and 37th stores in South India and the 5th and 6th in Bengaluru, underscoring PMJ’s aggressive expansion strategy within India’s retail sector…
- Gokyo Expands Retail Presence in India with New Adventure Gear Store in Nashik 10 August 2024, indianretailer.com India’s retail market for adventure apparel and gear is witnessing significant growth, with Gokyo emerging as a promising brand that blends style with functionality. Gokyo has announced the opening of its latest store in Nashik, following the successful launch of its first outlet in Bengaluru…
- Flyrobe Expands into Agra with Latest Store Launch 10 August 2024, indianretailer.com Flyrobe, a leading fashion rental platform, has announced the opening of its new store in Agra, further strengthening its presence in the Indian market…
- Novamax Strengthens Market Reach with New Gorakhpur Manufacturing Hub 10 August 2024, indianretailer.com Novamax Appliances, a leading home appliance brand, has announced plans to establish a new manufacturing facility in Gorakhpur, aiming to meet the increasing demands in Nepal, Bengal, Jharkhand, and Bihar. This strategic expansion will further solidify Novamax’s presence in these key markets…
- OOTD PRETH Celebrates Grand Opening of New Outlet in East Delhi 10 August 2024, indianretailer.com OOTD PRETH, a prominent brand in Indian wear, has officially launched its second outlet in Karkardooma, East Delhi. The grand opening ceremony, which took place on July 11, 2024, at 12 PM, was a highly anticipated event that drew over 500 influential personalities from East Delhi, making for an evening filled with glamour and celebration…
- Mokobara Expands Retail Presence with New Store in Gurugram 10 August 2024, indianretailer.com Travel and lifestyle brand Mokobara has opened its 12th retail store in India, continuing its expansion into physical retailing. The new store, located in DLF Cyber City, Gurugram, marks the brand’s second outlet in the city…
- Global Influences: How Indian Consumers are Driving the Shift Towards International Furniture Trends 10 August 2024, indianretailer.com The Indian furniture market is undergoing a remarkable transformation, driven by evolving consumer preferences and global influences. As we witness this shift, it’s clear that the industry is not just growing—it’s reinventing itself to meet the sophisticated demands of a new generation of consumers…
- FirstCry Parent Brainbees IPO Oversubscribed by 12.22x on Final Day 10 August 2024, indianretailer.com The initial public offering (IPO) of Brainbees Solutions, the parent company of e-commerce platform FirstCry, was oversubscribed 12.22 times on the final day of bidding, Thursday…
- Heads Up For Tails Launches ‘Hearty’: A Revolutionary Dry Pet Food Line 10 August 2024, indianretailer.com In response to the rapidly growing demand for high-quality pet food in India, Heads Up For Tails (HUFT), a renowned brand in the pet care industry, has launched “Hearty,” an innovative dry food product poised to capture a significant share of the $800 million Indian pet nutrition market…
- Top 10 Strong Coffee Brands Dominating the Indian Market 10 August 2024, indianretailer.com Coffee is one of the leading beverage industries in India. Some like it to be smooth, while others want to have a stronger aroma of coffee. The revenue for the coffee industry in India is estimated to reach $30.09 million by the end of 2024…
- Honasa Consumer Ltd Reports Strong Growth and Strategic Developments 10 August 2024, indianretailer.com Honasa Consumer Ltd has announced its financial performance for the quarter ending June 30, 2024. The company achieved a 20.3 percent increase in product business growth, accompanied by a 25.2 percent rise in underlying volume growth (UVG)…
- The Chapter Expands Luxury Real Estate Portfolio in Goa with New Aldona Project 10 August 2024, indianretailer.com Blending aesthetics and lifestyle, The Chapter, a luxury real estate brand in India, continues to shape the retail and residential market with its unique approach to high-end living spaces…
- Timex Celebrates 170 Years of Watchmaking Excellence 10 August 2024, indianretailer.com Timex, a renowned watchmaking brand, is marking its 170th anniversary by celebrating a legacy of crafting durable and beloved timepieces designed to last a lifetime. Since its establishment in 1854, Timex has proudly embodied the spirit of American ingenuity, revolutionizing the centuries-old watchmaking industry by creating quality, accessible watches, and establishing a legacy of innovation…
- Page Industries Sees Revenue Increase in Q1 FY25 as E-Commerce Expands 10 August 2024, indianretailer.com Page Industries Limited, India’s leading apparel manufacturer, announced its financial results for the first quarter ending June 30th, 2024. The company’s performance highlights a steady growth trajectory, driven by retail expansion and ongoing investments in digital and e-commerce platforms across India…
- India’s E-lifestyle Market to Triple by 2028, Reach $45 Bn! 10 August 2024, indianretailer.com India is rapidly becoming a key market for global lifestyle brands, with 90 percent of the top 50 international brands now operating in the country…
- Raymond’s Technological Leap: AI, Omnichannel Strategies, and the Future of Retail 10 August 2024, indianretailer.com Raymond, a brand synonymous with quality and heritage in India, is not just resting on its laurels. The company has embarked on a technological revolution, integrating AI and omnichannel commerce to ensure that it stays..
- New Era Cap Partners with Metro Brands to Expand Retail Footprint in India 10 August 2024, indianretailer.com New Era Cap, the New York-based headwear brand, has entered into a long-term licensing agreement with Metro Brands Limited (MBL), one of India’s largest footwear and accessories retailers…
- Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges 10 August 2024, indianretailer.com KeystoneThe rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
- India’s Lifestyle Market Set to Hit $210 Bn by 2028 with 22 pc Online Growth 10 August 2024, indianretailer.com India’s lifestyle market, currently valued at a staggering $130 billion, is on its way to a significant transformation. Fashion dominates this market, accounting for approximately 80 percent, with beauty and personal care (BPC) making up the remainder…
- Keystone Realtors Q1FY25 Pre-Sales Of Rs 611 Cr Reflects 22% YoY Growth 07 August 2024, rprealtyplus.com Keystone Realtors (Rustomjee Group) released its Q1FY25 Results. The company has reported a pre-sale of Rs 611 Cr, Collections Rs 485 Cr and Operating Cash Flows Rs 108 Cr…
- Brigade Enterprises posts Rs 80.53 crore profit in Q1 FY25 07 August 2024, realty.economictimes.indiatimes.com Brigade Tetrarch, a wholly owned subsidiary of the company, entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million sq ft leasable office space on Airport Road, NH 44, Bengaluru…
- Government Revises LTCG Indexation On Real Estate 07 August 2024, rprealtyplus.com The government has moved an amendment to the Finance Bill, 2024, to let taxpayers select either a 12.5% longterm capital gains tax rate without indexation or a 20% rate with indexation for property acquired before July 23…
- Gautam Adani To Step Down From Infrastructure Conglomerate In 8 Years 07 August 2024, rprealtyplus.com Adani Group chairman Gautam Adani, 62, plans to step down from the infrastructure conglomerate he founded in 1988 at the age of 70 and transfer control to his two sons and two nephews in the early 2030s…
- Brigade Group Announces New Commercial Development on Airport Road 07 August 2024, rprealtyplus.com Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space…
- Shaping the future of Home Appliances with innovation and tech – with Kamal Nandi, Godrej Appliances 07 August 2024, retail.economictimes.indiatimes.com In conversation with ETRetail’s Anurag Sharma, Godrej Appliances’ business head and executive vice president Kamal Nandi shares his insights on the consumer appliances industry, challenges faced and the opportunities that lie ahead for the new businesses. In today’s fast-paced world, innovation and technology are constantly shaping various industries, and the home appliances sector is no exception. This podcast highlights the significant role that innovation and technology play in shaping the future of home appliances.From smart and sustainable devices to interconnected homes, consumers can look forward to a future where our appliances not only make our lives easier but also contribute to a more sustainable and efficient lifestyle…
- Flipkart’s quick commerce service ‘Minutes’ goes live in Bengaluru 07 August 2024, retail.economictimes.indiatimes.com Across areas like Belandur, HSR, Flipkart Minutes is delivering grocery, electronics, smartphones and other products within 8-16 minutes. This marks Flipkart’s formal entry in quick commerce taking on Swiggy’s Instamart, Zomato’s Blinkit, Zepto and BigBasket’s BB Now…
- India’s Marico beats Q1 profit estimates on cooking, hair oil demand 07 August 2024, retail.economictimes.indiatimes.com Marico consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter. Total revenue from operations increased 6.7% to 26.43 billion rupees, marking its biggest growth in more than two years. Revenue from India, which made up three-fourths of total revenue, climbed 7.4%…
- KFC India operator Devyani tops Q1 profit view as discounts drive demand 07 August 2024, retail.economictimes.indiatimes.com To attract budget-conscious customers, KFC India operator Devyani International offered discounts and promotional offers such as chicken rolls at Rs 99 at its KFC outlets. The T20 Cricket World Cup and the coinciding school holidays also helped drive its sales…
- L’Oreal to acquire 10% stake in Swiss skin care company Galderma 07 August 2024, retail.economictimes.indiatimes.com “It allows us to explore partnering in the fast-growing aesthetics market, a key adjacency to our own pure beauty play. We fully support Galderma’s management and its strategy respect its independence and are very confident in its long-term growth potential,” L’Oreal CEO Nicolas Hieronimus said of the stake purchase…
- Swiggy Instamart appoints Sairam Krishnamurthy as Sr Vice President & COO 07 August 2024, retail.economictimes.indiatimes.com Quick commerce platform Swiggy Instamart has appointed Sairam Krishnamurthy as the Senior Vice President & Chief Operating Officer. Krishnamurthy will oversee Swiggy Instamart’s operating units, which include dark store operations, infrastructure operations, city growth and expansion, the company said on Monday…
- Snickers maker Mars explores acquisition of Kellanova, sources say 07 August 2024, retail.economictimes.indiatimes.com This deal would be one of the biggest ever in the packaged food sector, given Kellanova’s market value of about $27 billion including debt, and test the appetite of regulators to allow consolidation in the sector…
- Multiplex, OTT players wary of extra burden from Karnataka entertainment cess 07 August 2024, livemint.com The recent passage of the Karnataka Cine and Cultural Activists (Welfare) Bill, 2024, has left theatre owners and OTT players operating in the southern state worried…
- Ace turtle appoints three senior leaders 07 August 2024, retail.economictimes.indiatimes.com Rahul Rajan has been appointed as chief business officer – retail of fashion brands, Agnes Raja George as AVP and business head of Wrangler and Central Planning; and Jitender Singh as AVP and business head of Lee, ace turtle announced in a media release on Monday…
- Motherson JV set to join Apple vendors’ family circle in India 07 August 2024, retail.economictimes.indiatimes.com Motherson Group has joined Apple’s supply chain network in India in partnership with BIEL Crystal Manufactory. They will set up a manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This strategic move aims to diversify Motherson’s manufacturing focus beyond automotive components, leveraging Apple’s reduced dependency on Chinese producers…
- Amazon India head Manish Tiwary resigns 07 August 2024, retail.economictimes.indiatimes.com “Manish Tiwary, Country Manager for Amazon India, has decided to pursue an opportunity outside of the company. Manish’s leadership over the last eight years has been instrumental in delivering for customers and sellers, making Amazon.in the preferred marketplace in India,” Amazon India statement said…
- VCs crowd deal street on quick commerce, D2C success 07 August 2024, retail.economictimes.indiatimes.com Multiple new-age brands, aided by fast growth on quick commerce platforms like Blinkit, Zepto, and Instamart, are in the middle of raising new cash. The growth in scale has come from quick commerce, several people who know told us. These include kids gift brand Tuco Intelligent, bread maker The Health Factory and The Whole Truth…
- Bata India Q1 net profit jumps 63% to 174 cr, revenue dips 1.4% to Rs 944.63 cr 07 August 2024, retail.economictimes.indiatimes.com “The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating the customer experience, by maintaining gross margins in the face of sluggish consumption momentum during the quarter,” said an earnings statement from the company…
- Raymond net profit from continuing operations rises 27 pc to Rs 57.04 cr in April-June 07 August 2024, retail.economictimes.indiatimes.com Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in a regulatory filing…
- Compass India acquires 70% stake in food services company ICS Foods 07 August 2024, retail.economictimes.indiatimes.com Compass India Food Services, a subsidiary of the British Compass Group Plc, has acquired a 70% stake in the Delhi-based ICS Foods Pvt Ltd. This acquisition marks Compass’s second major investment in the Indian market, targeting food and beverage catering services…
- Muthoot Exim Expands Retail Footprint with New Gold Point Centre in Thiruvananthapuram 07 August 2024, retail.economictimes.indiatimes.com Muthoot Exim (P) Ltd the precious metal arm of the 137-year-old business conglomerate Muthoot Pappachan Group, announces the opening of its latest Gold Point Centre in Thiruvananthapuram. This new centre is the 2nd in Kerala and the 26th across India…
- Chai Sutta Bar Expands Presence with New Hyderabad Outlet 07 August 2024, indianretailer.com Chai Sutta Bar has announced the launch of its new outlet in Hyderabad. Located at Building No. 17-1-382/R/9/2, RTC Colony, Saidabad, K V Ranga Reddy District, Champapet, Hyderabad-500035, this new outlet aims to bring the rich flavors of Indian chai to the city, offering residents and visitors a cozy atmosphere to enjoy their favorite tea blends…
- New Balance Expands Retail Footprint in India with New Store in Bengaluru 07 August 2024, indianretailer.com New Balance, a rapidly growing sports brand, has opened its latest retail concept store on Brigade Road, Bengaluru. This move marks a significant step in the company’s strategic expansion under its newly established Indian subsidiary…
- 10Club Homes to Launch 30 New Stores Over the Next Two Years 07 August 2024, indianretailer.com 10Club Homes, a prominent retailer of home products and household accessories, is set to expand its physical retail presence with plans to open approximately 30 new stores over the next two years. This move is part of the brand’s strategy to enhance its direct-to-consumer (D2C) network…
- Azorte by Reliance Retail Unveils Third Thrilling Store in Bengaluru 07 August 2024, indianretailer.com Azorte, the premium fashion and lifestyle store chain by Reliance Retail, has launched its third store in Bengaluru, located at Vega City Mall. This news was announced by Hari Krishnan, head of visual merchandising at Azorte…
- Marico Reports Steady Growth in Q1FY25 Across Domestic and International Markets 07 August 2024, indianretailer.com In Q1FY25, Marico Limited reported revenue from operations of Rs 2,643 crore, reflecting a 7 percent year-on-year increase. The growth was driven by a 4 percent volume increase in the domestic business and a 10 percent constant currency growth in the international business…
- IMAX Debuts in Gujarat with New Theater 07 August 2024, indianretailer.com PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
- Allcargo Group Names Ketan Kulkarni as Deputy MD of Gati Express and Supply Chain 07 August 2024, indianretailer.com Allcargo Group, an India-born global logistics conglomerate, has appointed Ketan Kulkarni as Deputy Managing Director of Gati Express and Supply Chain Pvt. Limited, a material subsidiary of Allcargo Gati Limited…
- Mars Wrigley India Partners with CleanMax to Boost Renewable Energy and Sustainability Efforts 07 August 2024, indianretailer.com Mars Wrigley India has announced a partnership with CleanMax, a leading provider of renewable energy solutions for the Commercial and Industrial (C&I) sector in Asia. This collaboration is aimed at advancing Mars Wrigley India’s sustainability goals by reducing carbon emissions and enhancing its renewable energy usage…
- Top 10 Largest Water Parks in India 07 August 2024, indianretailer.com Largest water parks in India aren’t just about cooling off—they’re perfect for memorable business gatherings. These expansive parks offer thrilling rides, relaxing wave pools, and various attractions that make them ideal for corporate functions…
- 67 pc of Indians Turn to Global Shopping, 76 pc Trust International Quality 07 August 2024, indianretailer.com India is at the forefront of a global cross-border shopping revolution, propelled by increasing consumer demand for superior quality and unique products from around the world…
- K-Beauty Goes Mainstream: How Laneige’s Retail Launch at Sephora India is a Game-Changer 07 August 2024, indianretailer.com Hydration fans, brace yourselves; Laneige, the iconic Korean skincare brand that’s taken the world by storm, has landed at Sephora India. The brand has been available at different ecommerce websites until now…
- V-Mart Retail Q1 Net Profit at Rs 12.14 Cr; Revenue Up 15.8 Pc to Rs 786 Cr 07 August 2024, indianretailer.com V-Mart Retail Ltd. has announced a notable financial turnaround for the first quarter ending June 2024, reporting a profit of Rs 12.14 crore. This represents a substantial recovery from the Rs 21.94 crore loss recorded in the same period the previous year, as detailed in a recent regulatory filing…
- VAHDAM India Aims to Redefine Global Wellness with Expansion, Sustainability, and Social Impact 07 August 2024, indianretailer.com VAHDAM India, a home-grown wellness brand, offers the finest Indian teas and spices under a sustainable ethical brand, eliminating middlemen. Started in 2015 by then-23-year-old Bala Sarda, it is a vertically integrated brand that is disrupting the 200-year-old global supply chain, sourcing directly from 150 farms across India with its…
- Bakingo Sets Ambitious Vision to Become India’s Leading Bakery Brand 07 August 2024, indianretailer.com Bakingo, starting from a cloud kitchen, has expanded to over 75 fulfillment centers across major cities in India. The brand has evolved significantly, expanding its product range to offer over 200 flavors and varieties across assortments…
- Adani Group Plans Entry In NCR With $1 Billion Bid for Jaypee’s Real Estate Assets 05 August 2024, rprealtyplus.com Adani Enterprises Limited (Adani Group) plans to bid for the bankrupt Jaiprakash Associates Limited vast apartment complexes, villas and golf courses in the National Capital Region, making a grand entry into the country’s biggest property market through the insolvency court…
- Emami eyes 50% of top line from its acquired brands 05 August 2024, retail.economictimes.indiatimes.com The acquired brands of Emami now contribute 45 per cent of the top line of the FMCG major and this could go past 50 per cent soon. In the report, Emami Vice-Chairman and Managing Director Harsha V Agarwal said when Emami acquired Zandu more than a decade-and-a half ago — in possibly the largest acquisition in the country’s personal care space — there was a question over whether it had paid too much. Emami acquired Zandu in late 2008 for Rs 750 crore…
- Myntra CEO Nandita Sinha to take over Flipkart Fashion as Arief Mohammad quits 05 August 2024, retail.economictimes.indiatimes.com Flipkart’s fashion vertical head Arief Mohamad is set to exit the firm, with his role being taken over by Myntra chief executive Nandita Sinha, people in the know told ET…
- Curefoods’ Olio Pizza aiming to become a Rs 500 crore brand by 2026-end; plans entry into Dubai market 05 August 2024, retail.economictimes.indiatimes.com Olio Pizza is a delivery-first cloud kitchen pizza brand under Curefoods which reached Rs 100 crore annual revenue rate (ARR) in 15 months, one of the fastest in consumption category, Ankit Nagori, founder of the company shared. By this year’s end, the company expects the pizza brand to reach 200 locations and achieve a Rs 200 crore annual revenue rate (ARR)…
- Emami’s new strategy has consumer at the centre 05 August 2024, retail.economictimes.indiatimes.com Emami is graduating from being a seasonal and rural-focused company to a “perennial and universal” organisation and has been positioning itself by taking a consumer-centric approach, said vice- chairman and managing director Harsha V Agarwal…
- Changing consumer trends: Premium outperforms mass as ‘new’ India seeks quality of life 05 August 2024, retail.economictimes.indiatimes.com Demand for premium products, including hair serums and fabric conditioners, has grown significantly in the last two years, driven by increasing affluence and changing consumer preferences. Companies like Hindustan Unilever and Mondelez India have seen notable growth in their high-end product sales, indicating a shift towards quality and convenience in consumer choices…
- E-commerce led by quick-commerce emerging as ‘high growth channel’ for FMCG companies 05 August 2024, thehindubusinessline.com Companies such as Dabur India, Nestle India, Hindustan Unilever and Tata Consumer have reported high double-digit growth on e-commerce channel in their Q1 earnings…
- Delhivery to launch dark stores for D2C brands 05 August 2024, retail.economictimes.indiatimes.com New-age logistics player Delhivery will launch a network of shared dark stores, or micro warehouses, targeted at direct-to-consumer (D2C) brands looking to fulfil local deliveries in a two to four-hour timeline, the company’s cofounder and chief executive Sahil Barua said in a post-earnings analysts call on Friday. These micro warehouses will be made available to companies on a shared basis…
- Snitch Launches Its 16th Store in Rajkot 05 August 2024, indianretailer.com Bengaluru-based omnichannel fashion brand Snitch has proudly announced the opening of its 16th store in Rajkot, Gujarat. This exciting milestone was shared through a social media post by the company…
- Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years 05 August 2024, indianretailer.com Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
- Top Luxury Handbag Brands In India 05 August 2024, indianretailer.com India is known for its diverse tastes in style and fashion. And people don’t buy luxury only for comfort but to show their value in society, likewise, all luxury products including handbags are just a way of showing their richness and standards…
- 8 Best Single Malt Whisky Brands in India 05 August 2024, indianretailer.com Single malt Scotch whisky stands as a testament to the art of whisky-making, offering a complex array of flavors that cater to both seasoned aficionados and casual enthusiasts. In 2024, the Indian market is embracing these sophisticated spirits more than ever…
- The Body Shop Announces Collaboration with Actress Diana Penty 05 August 2024, indianretailer.com British ethical beauty brand The Body Shop has announced an exciting partnership with Indian actress Diana Penty. A standout element of this collaboration is the introduction of Edelweiss, a remarkable new ingredient in The Body Shop’s product lineup. Harvested by a team of passionate experts in the pristine Swiss Alps, Edelweiss extract is sourced, managed, and organically cultivated to ensure the highest quality…
- Lavish Soni Takes on the Role of Chief Business Officer at The House of Rare 05 August 2024, indianretailer.com Seasoned retail expert Lavish Soni has been promoted to Chief Business Officer at The House of Rare, a move he shared with his network in a social media post…
- Novotel Pune Welcomes Anant Leekha as General Manager 05 August 2024, indianretailer.com Novotel Pune has announced the appointment of Anant Leekha as its new General Manager. With over 20 years of industry experience, Anant is well-regarded for his strong track record and achievements…
- Nothing Achieves 567 Pc YoY Growth in H1 2024 05 August 2024, indianretailer.com London-based consumer technology brand, Nothing, has reported a 567 percent year-on-year (YoY) growth, according to Counterpoint Research, a global technology market research firm…
- Apple Sets Revenue Records in India and Beyond for June 2024 05 August 2024, indianretailer.com iPhone maker Apple experienced record revenue growth in India and over two dozen other countries in the quarter ending June 30, 2024, according to its chief executive officer, Tim Cook…
- Navigating the Complexities of Offline Expansion for D2C Food and Beverage Brands 05 August 2024, indianretailer.com In the dynamic landscape of consumer goods, particularly within the food and beverage sector, direct-to-consumer (D2C) brands have sought to disrupt traditional distribution channels by focusing primarily on online sales…
- Mumbai Property Registrations Rise 16% YoY 03 August 2024, rprealtyplus.com Mumbai city (area under BMC jurisdiction) saw significant growth in July 2024, with 12,160 property registrations contributing over INR 1,055 cr to the state exchequer…
- Rajan Aggarwal Joins Bhartiya Urban as Chief Financial Office 03 August 2024, rprealtyplus.com Bhartiya Urban, a leading real estate development firm in India, is pleased to announce the appointment of Rajan Aggarwal as its new Chief Financial Officer…
- Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex 03 August 2024, realty.economictimes.indiatimes.com The Delhi High Court has appointed an arbitrator to resolve the dispute between PVR INOX and Ansal Plaza Mall in Greater Noida. PVR INOX claims that its four-screen multiplex at Ansal Plaza Mall was sealed due to unpaid government dues by the lessor, Sheetal Ansal…
- In Reliance Retail’s company, Superdry to enter athleisure 03 August 2024, retail.economictimes.indiatimes.com Superdry’s foray into the athleisure segment in India will be a first for the company globally, with several stores set to be opened across India. Initially, the company will sell clothing, and later footwear after securing BIS certification…
- Britannia Industries net profit rises 10.85% to Rs 504.88 crore in Q1 FY25 03 August 2024, retail.economictimes.indiatimes.com Britannia Industries announced a 10.85% increase in net profit for the June quarter of FY25, totaling Rs 504.88 crore. The company saw modest revenue growth of 4%, driven by higher volumes and improved margins. They expanded distribution in rural areas and focused on modern trade and e-commerce channels…
- Titan profit drops 5.4% to Rs 715 cr in Apr-Jun; sales rise 12% 03 August 2024, retail.economictimes.indiatimes.com Titan’s sales were up 12.64 per cent to Rs 12,223 crore during the quarter under review. It was Rs 10,851 crore for the corresponding quarter, according to a regulatory filing. Its total expenses increased 12.75 per cent to Rs 12,413 crore in the June quarter. Titan’s total income in the June quarter rose 11.44 per cent to Rs 13,386 crore…
- We will be focusing more on tier II and beyond cities, says Ramesh Kalyanaraman, ED of Kalyan Jewellers 03 August 2024, retail.economictimes.indiatimes.com For the next few years, we will be focussing on tier II and beyond cities because these markets are more open and we do not have a presence there, he said…
- Meesho onboards Hari Bhartia, Kalpana Morparia, Rohit Bhagat as independent directors 03 August 2024, retail.economictimes.indiatimes.com “As we embark on the next phase of growth, I am thrilled to announce the appointment of Surojit Chatterjee, Kalpana Morparia, Rohit Bhagat, and Hari S. Bhartia as independent directors to Meesho’s board,” Meesho, Founder and CEO Vidit Aatrey said in a statement…
- Lotte India, Havmor to merge to form one integrated entity, will invest ₹400 crore to set up new ice-cream factory for Havmor 03 August 2024, thehindubusinessline.com In a strategic move, South Korea-based confectionery company, Lotte Wellfood, has decided to merge its Indian subsidiaries Lotte India and Havmor Ice Cream to establish an integrated entity in India…
- Brands from Starbucks to LVMH are hurting in one big market 03 August 2024, retail.economictimes.indiatimes.com Retailers, including luxury giant LVMH, L’Oreal, and Starbucks are all seeing lower sales in the world’s second-largest economy, compared with past years. Chinese customers are choosing to save their money and spending on experiences when they do fork out. Starbucks, which reported earnings on Tuesday, saw an especially harsh reality check…
- Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years 03 August 2024, indianretailer.com Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
- Bonkers Corner Opens Ninth Retail Store in Bengaluru 03 August 2024, indianretailer.com Bonkers Corner, a notable player in the fashion retail industry, has opened its ninth store in India, marking its debut in Bengaluru. The new location, spanning 3000 square feet, is situated on Brigade Road, positioning it as a key destination for fashion shoppers in the city…
- Fossil Expands Retail Presence with New Store in Pune’s Phoenix Mall 03 August 2024, indianretailer.com Fossil, a global leader in lifestyle accessories, has announced the opening of its latest retail store in Phoenix Mall of the Millennium, Pune. This expansion underscores Fossil’s commitment to enhancing its retail presence in India, making its brand more accessible to customers in emerging markets across the nation…
- Vinod Cookware Acquires Healux International to Expand Retail Footprint 03 August 2024, indianretailer.com Vinod Cookware, a renowned brand with over 60 years of history in the Indian cookware market, has announced the acquisition of Healux International Pvt. Ltd., a Bangalore-based startup specializing in cookware and healthy lifestyle products…
- A.O. Smith Celebrates 150 Years with Growth Focus in India 03 August 2024, retail.economictimes.indiatimes.com A.O. Smith Corporation has marked its 150th anniversary, reflecting on its rich history, innovative transformations, and promising future. A.O. Smith India, established in 2010, is among the fastest-growing regions within the corporation, outperforming major markets with a strong pan-India presence…
- Meesho Strengthens Board with Four Independent Directors 03 August 2024, indianretailer.com Meesho has appointed four Independent Directors to its Board: Kalpana Morparia, Hari S. Bhartia, Surojit Chatterjee, and Rohit Bhagat. This move highlights Meesho’s commitment to transparency and strong corporate governance…
- Bebe Burp Bags Rs 8 Cr in Pre-Series A Funding to Expand Market Presence 03 August 2024, indianretailer.com Bebe Burp, a certified baby food brand under Mighty Steps Pvt Ltd, has successfully closed its latest Pre-Series A funding round, securing Rs 8 crore from the venture capital firm Gruhas Collective Consumer Fund (GCCF)…
- Chanel Launches E-Commerce Site in India, Expanding Luxury Access 03 August 2024, indianretailer.com In a significant move within the Indian beauty market, Chanel has unveiled its e-commerce platform today, marking a notable shift in the luxury shopping experience. As Indian consumers become increasingly discerning…
- Leaf Studios Brings New Line of Wireless Audio Products 03 August 2024, indianretailer.com Leaf Studios, a leader in audio technology, has launched six new wireless audio products, including four true wireless earbuds and two neckbands. The new products are designed to offer a high-quality audio experience at an affordable price, with neckbands starting at Rs 599 and earbuds starting at Rs 899…
- Rising Demand Fuels Evolution in Sexual Health and Wellness Solutions 03 August 2024, irecwire.com From innovative products to holistic approaches, these companies are redefining the landscape, ensuring comprehensive care that embraces both physical and emotional well-being…
- Zomato’s revenue rises 74% on Blinkit, Hyperpure surge; profit grows to Rs 253 crore 02 August 2024, retail.economictimes.indiatimes.com Food delivery giant Zomato reported multifold year-on-year (YoY) growth in its consolidated net profit while revenue soared for the June quarter. Zomato announced the launch of District – a new app for its going-out business. The company has been increasing its focus on the vertical, which includes dining out, live events, and ticketing…
- ITC Q1 net profit flat at Rs 5,177 cr, revenue up 7.5% to Rs 20,029.5 cr 02 August 2024, retail.economictimes.indiatimes.com “While green shoots of demand recovery emerged during the quarter in the Paperboards, Paper & Packaging segment, performance remained impacted largely due to cheap Chinese supplies in international markets including India and a surge in domestic wood prices,” ITC said…
- D2C fitness startup Boldfit onboards cricketer KL Rahul as investor; targets Rs 500 crore revenue by FY26 02 August 2024, retail.economictimes.indiatimes.com Boldfit achieved a revenue of Rs 73 crore in the fiscal year 2022-23. With strategic initiatives and KL Rahul’s impact, the brand aims to reach Rs 500 crore in revenue by FY26. Currently, it serves over 1 crore customers annually and aims to expand this reach to 5 crore with this partnership…
- Amazon India sees demand surge from tier 2, 3 cities; Co. says Prime Day 2024 shopping increased 24% 02 August 2024, retail.economictimes.indiatimes.com On the marketplace, during Prime Day, sales of side-by-side refrigerators grew two times, while sales of high-capacity front-load washing machines increased ninefold compared to 2023. Overall consumer electronics and personal computing category sales grew 13 per cent in the same period…
- Emami PAT rises 10 pc to 150.6 cr in June quarter 02 August 2024, retail.economictimes.indiatimes.com Emami’s revenue from operations was up 9.73 per cent to Rs 906.07 crore during the quarter under review. It was Rs 825.66 crore in the corresponding quarter a year ago. The company’s total expenses were Rs 689.56 crore, up 8.4 per cent in the June quarter of FY24. Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore…
- Dairy firm Milk Mantra’s FY24 revenue marginally rises to Rs 279 crore; becomes 6% EBITDA positive 02 August 2024, retail.economictimes.indiatimes.com Milk Mantra announced a financial recovery for FY24, with revenue growing to Rs 279 crore. The company’s EBITDA improved from a Rs 6.56 crore loss to a positive 6% margin. Their value-added products saw a 15% annual growth. Future plans include investments and regional expansion of the Milky Moo brand…
- FirstCry: Meet the man behind the baby products business that grew into a giant 02 August 2024, retail.economictimes.indiatimes.com Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth…
- Amazon says consumers cautious, forecasts revenue below Wall Street targets 02 August 2024, retail.economictimes.indiatimes.com Amazon.com experienced a slowdown in online sales growth during the second quarter, as consumers opted for cheaper products. This cautious spending behavior caused an almost 8% decline in Amazon shares. Despite beating analyst expectations in profits and cloud computing sales, stiff competition and budget-conscious shoppers impacted Amazon’s projections for the upcoming quarter…
- Luggage startup uppercase planning to open 100 stores in next two years 02 August 2024, retail.economictimes.indiatimes.com uppercase has opened its first two stores in Mumbai and Bengaluru this week. Sudip Ghose, founder and managing director of the company said, “These spaces allow us to connect directly with our consumers and showcase our range of innovative and sustainable bags.”..
- Godrej Agrovet to acquire stake in Tyson Foods 02 August 2024, thehindubusinessline.com Godrej Agrovet Limited announced a purchase agreement with Tyson India Holdings Limited for the remaining 49 per cent stake in Godrej Tyson Foods Limited (GTFL). The stake will be acquired at a cost of ₹322.8 crore…
- Zomato launches District app for dining out, events, ticketing biz 02 August 2024, retail.economictimes.indiatimes.com Zomato introduced a new app, District, for its going-out vertical, which includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. The segment reported Rs 1,268 crore in the April-June quarter, a 106% rise from the previous year. Zomato aims to create ‘super brands’ instead of ‘super apps’…
- Brewer AB InBev beats Q2 profit forecasts, but volumes slip 02 August 2024, retail.economictimes.indiatimes.com The world’s largest brewer by volumes reported a 10.2% rise in second quarter normalised core profit (EBITDA), surpassing analyst forecasts for growth of 8.3%. Investors see the period as a return to normality for the maker of Budweiser and Stella Artois, after years of issues caused by COVID-19, high cost inflation and a prolonged boycott of key brand Bud Light in the United States, whose impact is now fading…
- India’s mfg sector growth eases slightly in Jul; selling prices see sharp uptick 02 August 2024, retail.economictimes.indiatimes.com India’s manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) moderated slightly from 58.3 in June to 58.1 in July…
- India smartphone market clocks highest ever revenue for Q2 02 August 2024, retail.economictimes.indiatimes.com Counterpoint Research said the Indian smartphone market clocked around $10 billion in revenues in Q2 2024, while a slower second quarter typically sees around $8-9 billion in revenues. This, even as quarterly shipments for Q2 declined by 2% year-on-year, influenced by a heatwave, a seasonal slump, and slower demand from Q1 2024…
- Recode Studios Expands Further with 17th Store Opening in Lucknow 02 August 2024, indianretailer.com Recode Studios, a leading name in the cosmetic industry, proudly announces the grand opening of its 17th outlet in Kapurthala Chowk, Lucknow. This new store, which spans 200 square feet, marks a significant milestone in the brand’s ongoing expansion journey…
- ixigo Achieves 78 Pc YoY Profit Growth in Q1 FY25 02 August 2024, retail.economictimes.indiatimes.com Le Travenues Technology Limited, popularly known as ixigo, has released its financial results for the quarter ending June 30, 2024, showcasing substantial growth and profitability across key performance metrics…
- Metro Brands Names Mohit Dhanjal as Chief Operating Officer 02 August 2024, indianretailer.com Mumbai-based footwear retailer Metro Brands Ltd. (MBL) has appointed Mohit Dhanjal as its Chief Operating Officer, effective 1 August…
- IMAX Debuts in Gujarat with New Theater 02 August 2024, indianretailer.com PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
- How Consumer Trends and Digital Adoption are Fueling India’s FMCG Growth 02 August 2024, indianretailer.com India’s Fast-Moving Consumer Goods (FMCG) sector has demonstrated remarkable growth, driven by consumer demand and increasing product prices, especially for essential goods. This sector not only contributes significantly to the country’s economy but also provides employment to around 3 million people, accounting for approximately 5 percent of total factory employment in India…
- Vineet Gautam Reaches 15-Year Milestone at Bestseller India 02 August 2024, indianretailer.com Vineet Gautam, the CEO and Country Head of Bestseller India is set to celebrate 15 years with the Danish fashion and lifestyle group. Gautam recently shared this milestone on social media, marking a significant chapter in his career…
- Colgate-Palmolive India Reports 33 Pc Increase in Q1 Profit to Rs 364 Cr 02 August 2024, indianretailer.com Colgate-Palmolive (India) Limited announced its financial results for the first quarter ended June 30, 2024, showcasing impressive growth and robust performance across its product portfolio. The brand delivered a robust 13.0 percent year-on-year topline growth for the quarter ended June 30, 2024…
- Elista Enhances Kitchen Convenience with New Dishwasher Range 02 August 2024, indianretailer.com Elista, India’s leading consumer technology brand under TeknoDome, has announced the expansion of its dishwasher category with the launch of a new range of dishwashers…
- DiAi Designs Expands to the US with New Website Launch 02 August 2024, indianretailer.com DiAi Designs, a leading Indian brand specializing in sustainable lab-grown diamond jewellery, has announced the launch of its new website catering to the US market. Founded in 2018, DiAi Designs has been a pioneer in reshaping the jewellery industry with its dedication to sustainability and contemporary design…
- Roastea Unveils New Outlet in Dehradun 02 August 2024, indianretailer.com Dehradun, renowned for its tea culture and historic tea gardens, has welcomed a new addition to its culinary landscape. Roastea, a brand celebrated for its specialty coffees and artisanal tea experiences, has launched its fifth on-the-go outlet and its first in Dehradun…
- Clink Audio Debuts in India with Premium VoiceBuds TWS 02 August 2024, indianretailer.com Clink Audio has made a notable entry into the Indian market with the launch of its innovative TWS VoiceBuds, designed to deliver an exceptional audio experience. This new product marks a significant development for Clink Audio in the consumer electronics space…
- Nexus Select Trust 8% YoY Increase in Retail Net Operating Income 01 August 2024, rprealtyplus.com Nexus Select Trust, India’s first listed Retail REIT, reported results for the first quarter ended June 30, 2024. Achieved Retail Net Operating Income of INR 3,719 million (8% YoY growth) in Q1 FY25; in-line with FY25 projections…
- Mindspace Business Parks REIT Net Operating Income Grows 9.2% YoY 01 August 2024, rprealtyplus.com Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter ended June 30, 2024…
- Prestige Estates Projects’ net profit dips 3.40% in Q1 FY25 01 August 2024, realty.economictimes.indiatimes.com Prestige Estates Projects’ net consolidated total income stood at Rs 2,024.50 crore in Q1 FY25, a growth of 2.96 per cent from Rs 1,966.30 crore it recorded in the similar quarter last year…
- CapitaLand India Trust Management reports 21% growth in net property income for H1 2024 01 August 2024, realty.economictimes.indiatimes.com Total property income and net property income for the period grew by 23% and 21% y-o-y to S$136.1 million and S$103.5 million for H1 2024, respectively…
- Unilever draws up new metrics to reward directors 01 August 2024, retail.economictimes.indiatimes.com Unilever has revamped director pay, shifting from operating margin to absolute profitability measures after shareholder concerns over high compensation. HUL mirrored this, adjusting executive pay due to slower sales and profit growth. This approach aims to enhance performance in a tough market climate, aligning rewards with overall company goals…
- Tata Digital stitching ‘value fashion’ plan under its Cliq brand 01 August 2024, retail.economictimes.indiatimes.com Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet…
- Godfrey Phillips to go ahead with exit from retail business under 24Seven 01 August 2024, retail.economictimes.indiatimes.com Cigarette maker Godfrey Phillips India Ltd is proceeding with plans to exit the retail business under the ’24Seven’ brand after a district court in Delhi set aside an interim injunction. The board approved the exit on April 12, 2024, citing stakeholder feedback and market conditions. The retail business division had a negative net worth as of March 31, 2024, with revenue of Rs 403 crore in FY23-24…
- Customer growth is our top priority, says Dinesh Agarwal, CEO, IndiaMART 01 August 2024, retail.economictimes.indiatimes.com Standalone revenue from operations for the quarter registered a growth of 18 per cent as it increased to Rs 315 crore as compared to Rs 268 crore last year. The growth was primarily driven by over 13 per cent improvement in realization from paying suppliers and the remaining by an increase in the number of paying suppliers…
- Myntra aims to onboard 500 D2C brands under new program to push Make-in-India 01 August 2024, retail.economictimes.indiatimes.com Myntra revealed plans to onboard 500 D2C beauty and grooming brands by the end of the year through its Beauty Edit initiative. This program aims to accelerate the growth of made-in-India digital-first beauty brands, aligning with India’s rapidly expanding Beauty and Personal Care industry, projected to reach $30 billion by 2027…
- Bangalore-based legacy jeweller CKC looking to enter lab-grown diamond and high-end silver jewellery businesses in a big way 01 August 2024, retail.economictimes.indiatimes.com C. Krishniah Chetty (CKC), a heritage jeweller from Bangalore, has expanded into the lab-grown diamond and high-end silver jewellery markets. Their sub-brand crash.club achieved a milestone by selling India’s largest recorded lab-grown diamond, a 20.06-carat emerald-cut stone…
- Samsung Electronics Q2 shows fastest growth in over a decade 01 August 2024, retail.economictimes.indiatimes.com Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. And demand for the advanced chips that power AI systems has skyrocketed thanks to the success of ChatGPT and other generative AI products…
- The Body Shop Integrates Cultural Design with Sustainability in Indian Retail 01 August 2024, indianretailer.com The Body Shop, a global ethical beauty brand, is enhancing its presence in India’s retail sector through innovative store designs that celebrate the country’s rich cultural heritage…
- Hippo Homes and Metadome.ai Introduce VR Experience in Greater Noida 01 August 2024, indianretailer.com In a groundbreaking move for the retail and home improvement sectors in India, Metadome.ai has partnered with Hippo Homes to launch an innovative virtual reality (VR) experience at Hippo Homes’ new store in the Grand Venice Mall, Greater Noida…
- Adidas Reports Q2 Sales Growth in North America Excluding Yeezy 01 August 2024, indianretailer.com Adidas announced that its second-quarter revenues in North America, excluding sales of the Yeezy line, increased from last year. This growth was driven by both wholesale and its own retail segments…
- Pepperfry Expands Product Portfolio with Amberville 01 August 2024, indianretailer.com Pepperfry has launched its latest collection, “Versaille,” by its in-house brand, Amberville. This new range combines French elegance with versatility, designed to enhance the aesthetics of any home…
- Product Life Cycle | Defined, Importance and Stages 01 August 2024, indianretailer.com The life of a product from manufacturing to the shelf of a customer, is most important for a business for it to grow and flourish in the respective market. Know all about a product’s life cycle, its importance and its main stages…
- Honasa Appoints Nilesh Kotalwar as Online Senior Vice President 01 August 2024, retail.economictimes.indiatimes.com Honasa Consumer Limited, the holding company of renowned brands like Mamaearth, The Derma Co., Aqualogica, Bblunt, and Dr Sheth’s, and the fastest-growing beauty and personal care (BPC) brand in India, proudly announces the appointment of Nilesh Kotalwar as Senior Vice President – Online Revenue & Growth…
- What to Expect from the Titan and AIGNER Collaboration in India 01 August 2024, indianretailer.com AIGNER Watches, a brand renowned for its iconic designs, high-fashion styling, craftsmanship, and Swiss-made precision, has officially entered the Indian market. Rahul Shukla, Vice President and Chief Sales & Marketing Officer of Titan Watches Division expressed his excitement, stating, “We are thrilled to introduce AIGNER Watches to the Indian market…
- Akutee Unveils ‘Nostalgia’ Collection Celebrating Festive Season 01 August 2024, indianretailer.com Akutee, the renowned homegrown artisan-led brand, has unveiled its latest collection, “Nostalgia,” just in time for the festive season. This new line draws inspiration from the vibrant and intricate beauty of the natural world,…
- Zanotta Introduces New Italian Menu with Chef Daniele Di Sacco 01 August 2024, indianretailer.com Zanotta, the renowned Italian restaurant at The Leela Ambience Gurugram Hotel and Residences, has unveiled an all-new menu crafted by Chef Daniele Di Sacco. With extensive experience in Italy, Chef Daniele aims to highlight the best of Italian gastronomy using locally sourced ingredients to recreate the essence of traditional Italian cooking…
- Retail Sector Records Strongest H1 Leasing In 5 Years 31 July 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, announced the findings of its report, ‘India Retail Figures H1 2024’. The report highlights real estate growth, trends, and dynamics across the retail sector in India…
- Delhi-NCR Emerged As Top Destination For PE Investments 31 July 2024, rprealtyplus.com India’s real estate market experienced a remarkable surge in investments during Q2 2024, attracting a significant USD 2.77 billion, according to Cushman & Wakefield’s latest Capital Market Beat report. This impressive influx propelled the total investments for the first half of 2024 to a record-breaking USD 3.9 billion…
- Macrotech Developers’ profit jumps 2.7 times to Rs 475 crore in Q1 FY25 31 July 2024, realty.economictimes.indiatimes.com Total income grew to Rs 2,918.3 crore during the April-June period of this fiscal year from Rs 1,671.8 crore in the corresponding period of the preceding year…
- Mindspace REIT’s net operating income up 9% to Rs 496 crore in Q1 FY25 31 July 2024, retail.economictimes.indiatimes.com Net Operating Income (NOI) increased 9 per cent to Rs 496 crore, from Rs 455 crore a year-ago, while distribution grew 5 per cent in the reported quarter to Rs 299 crore, from Rs 285 crore in the year-ago period…
- Nexus Select Trust’s net operating income up 7% to Rs 413 crore in Q1FY25 31 July 2024, retail.economictimes.indiatimes.com In a regulatory filing, the company said it achieved retail Net Operating Income (NOI) of Rs 371.9 crore in April-June period of this fiscal, up 8 per cent from the year-ago period…
- How DMart plans to take on the quick commerce rivals 31 July 2024, retail.economictimes.indiatimes.com Avenue Supermart, India’s largest listed retailer by sales and market capitalization, announced that it will focus on discounting and lower pricing to drive growth. The owner of DMart supermarkets emphasized that it will prioritize opening more stores instead of launching an ultra-fast delivery model, despite the rising popularity of quick commerce rivals. This approach is aimed at covering catchments and clusters where quick commerce companies are currently experiencing high demand…
- Tata Consumer Products’ net profit drops 14.3% to Rs 289.25 crore in Q1 FY25 31 July 2024, retail.economictimes.indiatimes.com Tata Consumer Products’ managing director and CEO, Sunil D’Souza said, “During the quarter, we recorded strong growth in the India salt business, our India tea business was impacted by an intense summer. Our growth businesses – Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz, Capital Foods, Organic India– recorded 66 per cent growth (20 per cent organic growth)…
- Adani Wilmar to invest Rs 600 crore to expand edible oil business, solar power capacities 31 July 2024, retail.economictimes.indiatimes.com Adani Wilmar plans to invest Rs 600 crore to expand edible oil processing capacities and launch new food products. It aims for higher growth in volume terms, with ongoing expansion programs of Rs 3,400 crore. Promoters aim to reduce stakes to 75 per cent by February, meeting SEBI’s norm. The company reported a net profit of Rs 313.20 crore in Q1 of the fiscal year, with revenue growth in edible oils, food, and FMCG businesses…
- Top global brands like Marks & Spencer, Walmart and Pepco may boost India sourcing after import duty relief 31 July 2024, retail.economictimes.indiatimes.com Brands who may have origins in other countries but have a presence in Australia like Kmart and Target, too are buying large volumes of garments from Tiruppur to take advantage of the India-Australia Free Trade Agreement, said KM Subramanian, president of Tiruppur Exporters Association (TEA). Also, Australian brands like BIG W and Woolworth are placing orders after the FTA…
- More than a third of fashion and footwear products get returned in online shopping: Report 31 July 2024, retail.economictimes.indiatimes.com A recent report by Return Prime revealed that over a third of fashion and footwear products are returned in online shopping, with 17.6% of all ecommerce orders being returned, leading brands to implement stricter return policies. Return Prime’s founder Sashwat Swaroop emphasised the importance of efficiently managing returns to reduce losses and drive revenue. Ecommerce sales surged during the pandemic, exacerbating return issues, prompting brands to adjust return policies to mitigate costs…
- ElasticRun appoints Ankit Gadia as Chief Financial Officer 31 July 2024, retail.economictimes.indiatimes.com Ankit Gadia will spearhead the development of innovative business strategies, fostering a culture of profitability throughout the organization. He will be working closely with ElasticRun’s co-founders and senior leadership to serve as the company’s face to investors, external partners and government bodies, as per the statement…
- Pizza Hut India operator misses Q1 profit estimates on weak demand, surging costs 31 July 2024, retail.economictimes.indiatimes.com Sapphire Foods’ revenue from operations rose 10% to 7.18 billion rupees in the June quarter, missing analysts’ estimate of 7.23 billion rupees. The company said prices of ingredients rose nearly 10%, expanding its total expenses by 13% to 7.12 billion rupees…
- Varun Beverages Q2 Results: PAT jumps 26% YoY to Rs 1,262 crore, revenue up 28% 31 July 2024, retail.economictimes.indiatimes.com Varun Beverages’ consolidated sales volume grew by 28.1% to 40.16 crore cases in Q2 CY2024 from 31.35 crore cases in Q2 CY2023, including 2.8 crore cases from BevCo during the quarter. About 46% of the company’s consolidated sales volumes came from low-sugar or no-sugar products…
- Burger King’s India operator restaurant brands Asia Q1 results: Loss narrows to Rs 49 crore 31 July 2024, retail.economictimes.indiatimes.com The company’s consolidated net loss narrowed to Rs 493.6 million (USD 5.90 million) in the three months ended June 30 from a loss of INR 504.8 million a year earlier. However, this is the company’s fifteenth consecutive quarterly loss…
- Honasa Consumer appoints Nilesh Kotalwar as senior VP – online revenue and growth 31 July 2024, retail.economictimes.indiatimes.com Honasa Consumer has named Nilesh Kotalwar as senior vice president – online revenue and growth. Kotalwar will focus on online strategy and growth for brands including Mamaearth and Aqualogica. An IIM-Lucknow alumnus, Kotalwar brings over 13 years of experience from companies like Godrej Consumer and Hindustan Unilever to his new role…
- Bagline Launches Second Store in Pune 31 July 2024, indianretailer.com Multi-brand bag retailer Bagline House of Luxury Bags, a division of homegrown bag manufacturer Brand Concepts Ltd., has announced the opening of its second store in Pune. This new outlet is strategically located on Jungli Maharaj Road in Deccan, expanding Bagline’s footprint in the city…
- Flyrobe Partners with Sri Sringarr to Elevate Fashion Rental in Mumbai 31 July 2024, indianretailer.com Flyrobe, a prominent fashion rental platform in India, has announced a strategic partnership with one of Mumbai’s oldest rental stores, Sri Sringarr. This collaboration aims to enhance Sri Sringarr’s offerings by integrating luxury items and advanced technology, thereby improving the overall customer experience in the retail sector…
- Tynimo Opens at Reach 3Roads in Gurugram 31 July 2024, indianretailer.com Reach 3Roads, a high-street retail center by the Reach Group, announces the opening of Tynimo in Gurugram. Occupying approximately 659 sq. ft. on the ground floor, Tynimo aims to transform the shopping experience for residents…
- IndiaMART Announces Q1 FY2025 Financial Results with 17 Pc Revenue Growth 31 July 2024, indianretailer.com IndiaMART InterMESH Limited has released its financial results for the first quarter ending June 30, 2024. The company’s consolidated revenue from operations reached Rs 331 crore, up from Rs 282 crore in the same period last year, marking a 17 percent increase…
- How ONDC’s Interoperable QR Code will Transform India’s Retail Sector 31 July 2024, indianretailer.com In India, one of the most daunting tasks for small businesses is the struggle to gain visibility and establish an online presence. Platform constraints and high costs have made it challenging for them to compete with larger e-commerce giants…
- How Tata Soulfull is Disrupting the Masala Oats Category 31 July 2024, indianretailer.com Tata Soulfull, known for its millet-based products, introduces Tata Soulfull Masala Oats+ Dal Shakti to the Indian retail market. This new variation in the Masala Oats category combines Moong dal with the Mast Masala flavor, offering a nutritious and convenient snacking option…
- Honeywell and Air India Forge Long-Term Support Agreement for Auxiliary Power Units 31 July 2024, indianretailer.com Honeywell has entered into a long-term agreement with Air India Limited, India’s premier global airline and a part of the Tata Group, to provide Auxiliary Power Unit (APU) aftermarket support for both the existing and new fleets…
- Flipkart Unifies Financial Services with ‘Flipkart Pay’ for a Seamless Shopping Experience 31 July 2024, indianretailer.com Flipkart, India’s leading e-commerce marketplace, has consolidated its financial and payment services under the new platform ‘Flipkart Pay’ ahead of the festive season. This strategic move aims to enhance customer engagement and streamline the payment process, positioning Flipkart Pay as a comprehensive solution for all financial transactions on the platform…
- Generation X Fuels E-Commerce Boom in India 31 July 2024, indianretailer.com In the first half of 2024, the Indian e-commerce landscape has experienced a significant shift, driven by an unexpected demographic: individuals aged 41-60 years. this age group has dramatically increased its online spending, with categories like travel, food and beverages (F&B), and services witnessing the fastest growth…
- JUST CORSECA Unveils Latest Audio Wearables and Portable Speaker 31 July 2024, indianretailer.com JUST CORSECA, a renowned brand in audio innovation, has introduced its newest range of audio wearables: the SONNET TWS, SPECTRE TWS, STRIDER SmartTouch Earbuds, and the SSTRIKE JST612 BT Portable Speaker…
- Saya Group Unveils New Brand Identity 30 July 2024, rprealtyplus.com Saya Group, a leader in luxury real estate, is proud to unveil its new brand identity, marking a significant shift towards ultra-luxury. This rebranding underscores Saya Group’s commitment to pushing the boundaries of innovation and excellence…
- Elan Group Ties Up With CBRE For Mall Management In Gurugram 30 July 2024, rprealtyplus.com Elan Group announced the appointment of CBRE, a global leader in real estate services for the comprehensive facilities management of its 4 malls in Gurugram. This strategic partnership signifies Elan Group’s commitment to delivering exceptional experiences for customers and visitors at its premises…
- TARC Ltd Appoints Arabian Construction Company As Principal Contractor 30 July 2024, rprealtyplus.com TARC Limited, one of New Delhi’s leading real estate developer, has appointed Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi & its upcoming development TARC 63A located in Gurugram…
- Oberoi Realty to develop 2,576 sq meters land in Bandra West, Mumbai 30 July 2024, realty.economictimes.indiatimes.com Oberoi Realty expects to generate a free sale component of around 40,000 sq ft from the said land…
- One sector where Tata, Birla and Ambani will slug it out 30 July 2024, retail.economictimes.indiatimes.com Why is Birla entering a sector where a big player like Tata is well-entrenched and growing, besides several other national-level brands while an Ambani brand too strives to make its place?..
- It’s trending D2C: new-age brands flex muscle via own sites 30 July 2024, retail.economictimes.indiatimes.com Direct ecommerce, or brands selling directly to consumers through their digital platforms, has risen to 10-15% of India’s online retail market of $70-75 billion now, from 2-3% five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?…
- Adani Wilmar Q1 Results: Co swings to black, posts Rs 313 crore-profit; revenue rises 10% YoY 30 July 2024, retail.economictimes.indiatimes.com Adani Wilmar reported strong double-digit volume growth in both the Edible Oils and Food & FMCG segments, with increases of 12% YoY and 42% YoY, respectively, driven by growth in packaged staple foods. While Oleo and Castor oil in the Industry Essential segment experienced strong double digit volume growth, a decline in the oil meal business impacted the segment’s overall growth…
- Colgate Palmolive Q1 PAT up 33% to Rs 364 crore on price hikes 30 July 2024, retail.economictimes.indiatimes.com Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The toothpaste maker’s overall sales rose 13% to 14.86 billion rupees, owing to a 13% growth in its domestic net sales during the quarter…
- Arvind’s Q1 Results: Net profit drops 40% YoY as inflationary pressures weigh 30 July 2024, retail.economictimes.indiatimes.com The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees a year earlier. Arvind’s shares fell 2.8% after the results…
- Unilever’s Samir Singh moves on 30 July 2024, retail.economictimes.indiatimes.com Unilever veteran Samir Singh has spent over two decades of experience in beauty and personal care across multiple categories like skin care, bath and body and make-up and across all big global markets. Singh was a member of the global beauty and personal care LT, board member of Unilever Asia Pte, ex-executive director, Hindustan Unilever (HUL) management committee…
- Nearly 150-200 direct to consumer brands entered offline retail channel over the past two years 30 July 2024, retail.economictimes.indiatimes.com About 150-200 direct-to-consumer (D2C) brands have entered offline channels and quick-commerce platforms in the past two years, despite the funding challenges. Since 2016, over 600 D2C brands have launched, receiving $4 billion in investments. The D2C market is projected to grow from $16.9 billion in FY23 to $61.3 billion by FY27..
- Blackstone readies Rs 40,000 crore bid to acquire 51% stake in Haldiram’s 30 July 2024, moneycontrol.com Blackstone Inc has sweetened its offer for Haldiram’s, the iconic Indian fast-food chain, in a move that will likely pave the way for the private equity firm’s entry into India’s lucrative snacks market…
- Tata International to increase share of sustainable leather to 50% in 4 years 30 July 2024, retail.economictimes.indiatimes.com Tata International plans to increase its sustainable leather production from 27% to 50% by FY28. Manufactured under the Earthcare brand, including Phoenix Leather, the sustainable leather is produced in Dewas. Despite post-Covid challenges, demand is recovering in key markets. Tata collaborates with top global brands and benefits from India’s reduced customs duty on certain leather types…
- Gaia by Archie Opens Flagship Store in Faridabad 30 July 2024, indianretailer.com Gaia by Archie is set to open its flagship multi-brand store on July 21st, 2024, in Faridabad, Delhi NCR. This store aims to provide a premium retail experience in India, combining contemporary and traditional fashion aesthetics…
- uppercase Expands Offline Presence with New Stores in Bangalore and Mumbai 30 July 2024, indianretailer.com uppercase has launched its exclusive offline stores in India, located in Bangalore and Mumbai. The Bangalore store is situated at Lulu Mall, while the Mumbai outlet is at Phoenix Marketcity in Kurla. Both stores opened within two weeks, showcasing uppercase’s commitment to catering to the needs of modern travelers with sustainable options…
- Why 72 pc of Indian Shoppers Are Embracing AI Chatbots for Online Purchases 30 July 2024, indianretailer.com Indian online shoppers exhibit distinct behaviors and preferences, placing a high value on brand trust and the quality of products and services. Indian online shoppers are tech-savvy and value efficiency, relevance, and personalized experiences…
- How Amazon India is Bringing International Beauty Brands to Every Pin Code 30 July 2024, indianretailer.com India’s beauty market is a burgeoning arena, forecasted to reach a staggering $46 billion in the coming years. International brands are keenly eyeing this vast potential, and Amazon India stands at the helm of this transformation, leveraging its vast reach and robust infrastructure to cater to the burgeoning demand…
- ITC Strengthens FMCG Portfolio with Strategic Expansions 30 July 2024, indianretailer.com To enhance its future-ready FMCG portfolio in the retail sector in India, ITC has launched nearly 100 superior and differentiated products annually, focusing on segments such as Health and Nutrition, Hygiene, Protection and Care, Convenience, On-the-Go, and Indulgence…
- Tata International Unveils Sustainable Phoenix Leather 30 July 2024, indianretailer.com Tata International, the global trading and distribution division of the Tata Group, has launched Phoenix Leather, an eco-friendly product under its Earthcare Leather range, reinforcing its commitment to sustainable practices…
- Upcoming Biggest Malls in India 2024 30 July 2024, indianretailer.com As India steps into 2024, the retail sector is gearing up for a transformative year with several new mega malls set to make their debut. These expansive shopping centers are designed to offer a blend of high-end retail and innovative amenities, promising to enhance the shopping experience across the country…
- BOP.In & Gaurs Launch ‘Kaun Banega Car-O-Pati’ Offer 29 July 2024, rprealtyplus.com In a significant development, BOP.in is presenting the groundbreaking offer “Kaun Banega Car –O- Pati” on the occasion of Independence Day and Raksha Bandhan. The offer starts on 26th July and ends on 25th August along with the 9 years guaranteed income Investment Plan in Gaur World Smart Street project in Greater Noida West…
- Anant Raj Ltd Announces Q1 FY2025 Results With 63.5% Surge In PAT 29 July 2024, rprealtyplus.com Anant Raj Limited, a leading name in the real estate sector, has announced its unaudited standalone financial results for the quarter ended June 30, 2024…
- L&T Realty, Valor Estate to jointly develop Rs 20,000 crore project in Mumbai 29 July 2024, realty.economictimes.indiatimes.com Both companies are planning to build a mixed-use project with premium housing, commercial spaces, and a 1,000-key five-star luxury hotel, on a combination of revenue and area-share basis…
- Ashwin Seth Group aims to touch Rs 3,000 crore revenue in FY25 29 July 2024, realty.economictimes.indiatimes.com Ashwin Seth Group is planning an investment of about Rs 1,500 crore in FY25 and Rs 2,500 in FY26 towards completing existing projects and expansion. It achieved sales revenue of Rs 1,486 crore in the FY24…
- Foods and Premium Personal Care portfolios to contribute 25 pc revenue by FY27: Marico 29 July 2024, retail.economictimes.indiatimes.com Marico’s consolidated revenue growth has moved into “positive territory in Q4 and is expected to trend upwards during the course of FY25”, said the company which owns brands such as Sffola, Parachute, Hair & Care, Nihar and Livon etc…
- End of revenge shopping? Top retail chains scale back as Indians curb their spending 29 July 2024, retail.economictimes.indiatimes.com Top retail chains like Reliance Retail, Shoppers Stop, and Spencer’s are closing underperforming stores due to prolonged consumption slowdown. Reliance closed 249 stores, Spencer’s exited North and South India. Companies are focusing on rationalizing networks and controlling costs to sustain operations amid weak demand and external challenges like heatwaves and elections…
- Beyond Snack looking to capture 10% of overall chips market share in India, triples production capacity 29 July 2024, retail.economictimes.indiatimes.com Last month, Beyond Snack opened its factory at India Food Park, Tumkur, Karnataka. Spread across 60,000 square feet over 2 acres of land, it has a daily production capacity of 6.6 metric ton (MT). The company said this factory will triple its current capacity, enhancing its global expansion plans and ensuring scalability to meet future demands…
- Buying gold overseas seen to lose lustre as duty cut push domestic sales 29 July 2024, retail.economictimes.indiatimes.com Indian jewellers foresee a surge in domestic gold purchases due to a significant customs duty cut in the 2024-25 budget. This change has narrowed the price gap between India and Dubai, making Indian gold more appealing. The reduction is expected to boost domestic gold production, and jewellers plan to introduce new designs to attract customers…
- Italian luxury group Zegna posts flat organic revenue 29 July 2024, retail.economictimes.indiatimes.com Italian fashion group Ermenegildo Zegna reported broadly flat second-quarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset a weaker quarter at its Thom Browne brand. Organic revenue totalled 497 million euros ($539 million) for the April-June quarter, down 0.4% from a year earlier…
- India actively taking steps to become global manufacturing centre: Lazard report 29 July 2024, retail.economictimes.indiatimes.com India is experiencing rapid economic growth and is aiming to become a global manufacturing hub, according to Lazard’s report. The report highlights India’s strong demographic dividend, with a growing labor force and a rising middle class. The report also highlights PM Modi’s commitment to turning India into a developed country by 2047…
- Polls, heatwaves cool smartphone sales in June quarter 29 July 2024, retail.economictimes.indiatimes.com In the June quarter, smartphone sales in New Delhi declined by 1-2% due to heatwaves and elections, causing an inventory buildup. Samsung, OnePlus, and Apple saw reduced shipments, although June improved with discounts. Vivo and Xiaomi excelled, with Xiaomi regaining the top spot. Despite higher average selling prices, the market experienced degrowth…
- Top 10 Brands Like Decathlon In India 29 July 2024, indianretailer.com India’s retail sector has undergone a significant transformation in recent years, with both international and domestic brands catering to the diverse needs of consumers…
- Sustainable commerce: balancing financial profitability with environmental responsibility 29 July 2024, indianretailer.com Concepts such as “ESG” (Environmental Social Governance), “Sustainability”, “Net Zero”, “Triple Bottom Line”, “Circular economy” have transitioned from academia and thinktanks to boardrooms, annual reports, and strategy meetings…
- Iconic Flurys Opens 1st Tearoom in Mumbai; Targets 120 Outlets by Fiscal End 29 July 2024, indianretailer.com Apeejay Surrendra Park Hotels’ iconic bakery & confectionary brand Flurys is launching its first tearoom in Mumbai, near the Gateway of India…
- Nykaa’s Falguni Nayar ceases to be Dabur’s non-exec independent director after completion of second term 29 July 2024, storyboard18.com Falguni Nayar is the founder, Executive Chairperson & Managing Director and Chief Executive Officer of Nykaa. She holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad…
- M3M India Appoints Stuart Mcconnachie As Chief Construction Controller 27 July 2024, rprealtyplus.com M3M India, the country’s leading luxury real estate company announces the appointment Stuart McConnachie as Chief Construction Controller…
- DLF’s sales bookings jump over three-fold to Rs 6,404 crore in Q1 FY25 27 July 2024, realty.economictimes.indiatimes.com DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year…
- Aditya Birla group forays into jewellery retail with ‘Indriya’ 27 July 2024, retail.economictimes.indiatimes.com The Aditya Birla Group launched its new jewellery retail brand, Indriya, directly competing with Tanishq and Reliance Jewels. Indriya plans to be a top-three player in five years, leveraging India’s shift towards branded jewellery. This ₹5,000 crore initiative marks the group’s entry during the festive season, aiming to capitalize on India’s booming wedding market and rising preference for trusted brands…
- ITC to invest Rs 20,000 crore in medium term across businesses: Chairman and MD, Sanjiv Puri 27 July 2024, retail.economictimes.indiatimes.com ITC is also proactively pursuing strategic investments, particularly in neighbouring markets, such as the FMCG facility set up by ITC’s Subsidiary, Surya Nepal Private Limited. ITC’s wholly owned subsidiary, WelcomHotels Lanka Private Limited, also launched the iconic ITC Ratnadipa, widely acknowledged as a jewel in Colombo’s hospitality landscape, he stated…
- Luggage brand Nasher Miles raises $4 mn 27 July 2024, retail.economictimes.indiatimes.com “We’ve strategically opted for a smaller raise at a reasonable valuation, setting the stage for our Series A round later this year or early next year. This approach allows us to maintain our growth momentum while preparing for larger-scale expansion,” said Lokesh Daga, co-founder and director, Nasher Miles…
- KingsCraft eyes Rs 50 cr revenue from newly launched e-commerce platform in FY25 27 July 2024, retail.economictimes.indiatimes.com The Pune-based company, which started operations this year, also said it is looking to venture into offline segments as well with plans to set up 50 fashion retail stores across Tier-I cities under the new platform by March next year…
- Swiggy empowers restaurant partners with market intelligence dashboard 27 July 2024, retail.economictimes.indiatimes.com Swiggy has developed a Market Intelligence Dashboard to assist brands in tracking business performance, analysing operational metrics, and monitoring marketing spends. These insights translate into actionable intelligence, helping restaurants make data-driven decisions, a company release stated…
- Retail leasing doubles in top 7 cities in second quarter of 2024: JLL 27 July 2024, retail.economictimes.indiatimes.com The leasing activity by retailers in organized retail centres and key high streets across the top seven cities surged by over 100 per cent in the second quarter (Q2) of 2024, according to a report by real estate firm JLL…
- EmbassyManufacturing sentiments and domestic demand up in Q1 FY25: FICCI survey 27 July 2024, retail.economictimes.indiatimes.com Manufacturing sentiments in India have shown an improvement in the first quarter of the financial year 2024-25, according to FICCI’s Quarterly Survey on Manufacturing…
- Snitch Expands with 15th Store Opening in Vadodara 27 July 2024, retail.economictimes.indiatimes.com Bengaluru-based omnichannel fashion brand Snitch has marked a significant milestone by inaugurating its 15th store in Vadodara, Gujarat. This new store represents a key expansion in the brand’s growth strategy, reinforcing its presence in the Indian fashion market…
- H&M Broadens Its Reach in Mumbai with a New Store on Linking Road, Bandra 27 July 2024, indianretailer.com H&M India, a globally renowned retailer known for offering fashion and quality at affordable prices with a commitment to sustainability, proudly announced the grand opening of its eighth store in Mumbai…
- Top 10 Smart TV Brands in India 2024: Best Picks for Retailers 27 July 2024, indianretailer.com In 2024, the Indian smart TV market is poised for impressive growth, with an expected annual increase of 12.4% and a market valuation reaching ₹35,000 crores…
- Bikaji Foods Sees 40 Pc Profit Surge and 15 Pc Revenue Boost in Q1 27 July 2024, indianretailer.com On Wednesday, Bikaji Foods International Ltd, a leading snacks manufacturer, reported a remarkable 40.2 percent increase in its consolidated net profit for the first quarter ending June 2024…
- Top 10 Affordable Smartwatch Brands in India 2024 – Top Picks 27 July 2024, indianretailer.com Ever imagine why smartwatches are more popular than regular watches? Because they can do so much more than just tell you the time and date. From tracking your steps and distance, counting the calories burned, to watching…
- Dusaan Unveils New Furniture Line in Home Decor Expansion 27 July 2024, indianretailer.com New Delhi-based home decor brand Dusaan has made a significant expansion into the furniture category, introducing over 300 products…
- Nandadeep Jayakar Appointed as Business Head of Foot Locker India 27 July 2024, indianretailer.com Mumbai-based footwear retailer Metro Brands Ltd. (MBL), which has secured the license to own and operate Foot Locker stores in India, has named Nandadeep Jayakar as the business head of Foot Locker India…
- How Bharat’s Small Towns Are Driving India’s $300 Bn Retail Future 27 July 2024, indianretailer.com In recent years, Bharat—India’s smaller towns and rural areas—has witnessed a significant shift in the eCommerce landscape. Traditionally dominated by major urban centers like Delhi, Mumbai, and Bangalore, the spotlight is..
- Nestlé India Profit Up 7 PC to Rs. 747 Cr; Sales Rise 3.75 PC to Rs. 4,793 Cr 27 July 2024, retail.economictimes.indiatimes.com Nestlé India Ltd reported a 6.9 percent rise in net profit to Rs. 746.60 crore for the quarter ending June 2024, up from Rs. 698.34 crore during the same period last year, according to the company’s regulatory filing…
- Top 9 Young Entrepreneurs in India Acing the D2C Segment 27 July 2024, indianretailer.com The younger generation aims to reach new heights today, especially in entrepreneurship. Gone are the days when a traditional nine-to-five job was the only path to success…
- Emami Set to Acquire Full Ownership of The Man Company 27 July 2024, indianretailer.com Emami, a leading FMCG company in India, is nearing the full acquisition of the men’s grooming brand The Man Company. Sources indicate that Emami is set to purchase the remaining stake in The Man Company for an estimated Rs 400 crore…
- From Metros to Tier I Cities, How Mars Wrigley Plans to Redefine Premium Gifting in India 27 July 2024, indianretailer.com Imagine unwrapping a gift so exquisite that it feels like a treasure trove of delights, each piece as precious as a jewel. Mars Wrigley India has just launched something that promises to redefine the way we think about gifting: GALAXY® Jewels…
- Karan Johar’s Jewellery Brand Tyaani Expands to Pune 27 July 2024, indianretailer.com Indian filmmaker and television personality Karan Johar’s jewelry brand Tyaani has made a significant entry into Pune with the inauguration of its first store in the city. Situated in the bustling Kalyan Nagar area, the newly opened store boasts an impressive collection of over 2,000 designs…
- Iconic Flurys Opens 1st Tearoom in Mumbai; Targets 120 Outlets by Fiscal End 27 July 2024, indianretailer.com Apeejay Surrendra Park Hotels’ iconic bakery & confectionary brand Flurys is launching its first tearoom in Mumbai, near the Gateway of India…
- Si Nonna’s launches its first outlet at Surat 27 July 2024, indianretailer.com The first Neapolitan sourdough pizza pioneer, Si Nonna’s, is excited to announce the opening of its first outlet in Surat, Gujarat. This is a major step towards introducing a hint of Naples to the center of Surat…
- Eating Love Adds Third Bangalore Outlet 27 July 2024, indianretailer.com Eating Love, the well-known Neapolitan sourdough pizza business founded by Niharika Peri in 2018, has announced its third location in Bangalore. This expansion is a significant step for the brand as it brings authentic Italian cuisine to more areas of the city…
- Embassy REIT Leases 1.9 Million Square Feet In Q1 FY2025 26 July 2024, rprealtyplus.com Embassy Office Parks REIT (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results for the first quarter ended June 30, 2024…
- ADLF’s profit up 23% to Rs 645.61 crore in Q1 FY25 26 July 2024, realty.economictimes.indiatimes.com Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing…
- Reliance Retail’s Swadesh stitches up pact with Falguni Shane 26 July 2024, retail.economictimes.indiatimes.com Reliance Retail’s ethnic handicrafts initiative, Swadesh, has launched its first partnership with luxury designer label Falguni Shane Peacock. This collaboration, which may expand into a deeper strategic alliance, aims to enhance Swadesh’s ethnic handicrafts offerings…
- Nestle India profit rises 7 pc to Rs 746.6 crore in June quarter, sales up 3.75 pc to Rs 4,792.97 cr 26 July 2024, retail.economictimes.indiatimes.com Suresh Narayanan, chairman and managing director of Nestle India, said,”Despite external challenges such as lower consumption growth, concerns about continued food inflation and volatile commodity prices, we have delivered growth across our product groups. Almost a fourth of our growth has been mix and volume led, and we hope to strengthen this trend in the coming months”…
- Emami likely to acquire 100% stake in The Man Company 26 July 2024, retail.economictimes.indiatimes.com Emami Ltd considered acquiring the remaining 49.6% stake in Helios Lifestyle, which owns The Man Company brand. Emami already had a 50.4% stake after previous investments. Analysts noted The Man Company boosted Emami’s earnings, becoming EBITDA positive and growing by 86% last fiscal year. Don’t miss full details on Emami’s potential complete acquisition and its impact on their portfolio…
- McDonald’s India operator Westlife Foodworld posts 88.7% profit decline in Q1 FY25 26 July 2024, retail.economictimes.indiatimes.com Westlife Foodworld Limited, operating McDonald’s in West and South India, reported a significant 88.7% drop in Q1 profit. Despite slight revenue growth, challenges included higher royalty costs and operating deleverage. The company remains focused on innovation and expansion, targeting 580-630 locations by 2027…
- Indian basmati rice maker LT Foods’ Q1 profit jumps on strong demand 26 July 2024, retail.economictimes.indiatimes.com According to official data, India’s basmati rice exports grew by 13% to $1.04 billion from April to May, highlighting strong performance in international markets during the quarter…
- Metro Brands appoints Nandadeep Jayakar as business head for Foot Locker India 26 July 2024, retail.economictimes.indiatimes.com Metro Brands has appointed Nandadeep Jayakar as business head of Foot Locker India. Jayakar, with experience from Adidas India and others, will report to Alisha Malik. Metro Brands aims to elevate sneaker culture and expand its market presence…
- WOW Skin Science eyes 5-7 pc of overall revenue from Color Cupid this fiscal 26 July 2024, retail.economictimes.indiatimes.com Currently, the brand has launched 40 SKUs across face, eyes, and lips categories, and the products are available both online, through platforms like Amazon, and offline, spanning over 300 beauty advisor-led stores and 1,000+ makeup stores…
- Parle continues to be India’s top FMCG brand at home, 12th time in a row 26 July 2024, retail.economictimes.indiatimes.com Parle, owned by Parle Products, remains India’s top FMCG brand in the latest Brand Footprint ranking, with seven of the top 10 brands being homegrown. The study measures brands based on consumer reach points (CRPs), combining penetration and frequency of purchase…
- Amazon Prime Day 2024 sees 24% increase in prime members shopping in India 26 July 2024, retail.economictimes.indiatimes.com E-commerce giant Amazon’s Prime Day sale event saw a 24 per cent increase in member participation and a peak of 24,196 orders placed by Prime members in a single minute at Prime Day 2024, particularly from tier 2 and 3 cities, reflecting a growing e-commerce trend…
- Nestle’s chocolate prices in focus as cocoa costs bite 26 July 2024, retail.economictimes.indiatimes.com Over the past three years Nestle and other consumer goods companies have raised prices across their brands to cover sky-high input costs amid supply chain issues after the pandemic. In recent quarters, the costs of most commodities have started to decline again but cocoa has nearly doubled in price this year amid shrinking supplies…
- Consumer goods might see rise in demand with new budget 26 July 2024, retail.economictimes.indiatimes.com The Indian government’s budget focuses on infrastructure, rural outlay, and tax savings, which are expected to boost rural demand for packaged consumer goods and two-wheelers. The budget also aims to create jobs, which will drive consumption in tier-2 and 3 cities. However, the increase in capital gains taxes could impede discretionary spending…
- Preity Zinta, Shubman Gill launch Gym facility Drive Fitt 26 July 2024, retail.economictimes.indiatimes.com The brand will oeprate in a franchise model and aims to expand its presence to 300 locations across the country in the next three years…
- LimeRoad.com Expands Into Offline Retail With a New Store in Karnataka 26 July 2024, indianretailer.com Online fashion retailer Limeroad.com has marked a significant milestone by launching its first brick-and-mortar store in Karnataka, two years after its acquisition by value consumer company V-Mart Retail…
- Top 10 Affordable Smartwatch Brands in India 2024 – Top Picks 26 July 2024, indianretailer.com Ever imagine why smartwatches are more popular than regular watches? Because they can do so much more than just tell you the time and date. From tracking your steps and distance, counting the calories burned, to watching…
- How Starbucks India is Brewing Success with Local Flavors and Innovation 26 July 2024, indianretailer.com As Starbucks India celebrates its journey across 61 cities, the brand’s success is attributed to a blend of local adaptation and innovative retail strategies…
- Coty’s Beauty Brand Max Factor Makes its Debut in India 26 July 2024, indianretailer.com Max Factor, a cosmetics line from the multinational beauty company Coty Inc., has entered the Indian market in partnership with New Delhi-based specialty beauty retailer House of Beauty…
- U&i Reveals Energy & Plus Series Wireless Neckbands for Fitness Enthusiasts 26 July 2024, indianretailer.com In response to the demands of today’s fast-paced world, U&i, a leading player in consumer electronics and accessories in India, has launched two new wireless neckbands designed for those constantly on the move…
- Swiggy Launches Market Intelligence Dashboard to Empower Restaurant Partners 26 July 2024, indianretailer.com Swiggy, India’s pioneering on-demand convenience platform has announced the launch of Market Intelligence Dashboard, a powerful tool designed to provide restaurant partners with comprehensive and actionable insights into their performance vis à vis the market…
- Mahindra Lifespace Developers reports profit of Rs 12.74 crore in Q1 FY25 25 July 2024, realty.economictimes.indiatimes.com Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing…
- Bikaji Foods International net profit rises 40.2% to Rs 58.06 crore in Q1 FY25 25 July 2024, retail.economictimes.indiatimes.com Bikaji Foods International reported a 40.2% rise in consolidated net profit to Rs 58.06 crore for the quarter ending June 2024. Revenue increased by 15.24% to Rs 555.12 crore. Managing Director Deepak Agarwal highlighted significant volume growth and improved EBITDA despite higher raw material costs…
- Parag Milk Foods net profit rises to Rs 27.30 crore in Q1 FY25 25 July 2024, retail.economictimes.indiatimes.com In a statement, Parag Milk Foods said the business has witnessed strong double digit volume growth of 10 per cent YoY aided by healthy volume growth in its core categories. The ghee, cheese and the new age businesses have witnessed volume growth of 15 per cent, 12 per cent and 51 per cent YoY respectively…
- LTCG tax parity may bring more family offices to the startupland 25 July 2024, retail.economictimes.indiatimes.com The budget proposal to bring parity on long-term capital gains (LTCG) tax across all financial assets and abolish the angel tax will lead to more family offices investing in startups. These entities have increased their activity in startups over the past year. As per a PwC report, there were 45 family offices in 2018, which have zoomed to 300 now…
- Budget to boost leather and footwear sector, says Rajendra Kumar Jalan, Chairman, CLE 25 July 2024, retail.economictimes.indiatimes.com “ Two major measures have been announced for the leather and footwear sector in the Union Budget. One is rationalization of export duties on leathers and the other is inclusion of more inputs including wet blue chrome tanned leather, wet white leather, crust leather and finished leather under the Duty Free Scheme for leather garments, leather products and footwear exporters”, Rajendra Kumar Jalan, Chairman, Council for Leather Exports (CLE) said…
- French luxury giant LVMH half-year net profit drops 14% 25 July 2024, retail.economictimes.indiatimes.com Luxury group, LVMH half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. “The results for the first half of the year reflect LVMH’s remarkable resilience and the responsiveness of its teams in a climate of economic and geopolitical uncertainty,” said chief executive Bernard Arnault…
- Nestle India Q1 Preview: PAT may grow 13% YoY; margins to expand on deflation in prices 25 July 2024, retail.economictimes.indiatimes.com Nestle India sustained its growth in Q1 2024 with revenue rising by 9% and profit after tax increasing by 13% year-on-year. The company benefited from deflation in palm oil and milk prices, improving EBITDA margins…
- United Spirits invests in non-alcoholic and coffee-based alcohol companies to fuel new growth 25 July 2024, retail.economictimes.indiatimes.com The company will acquire 15% in V9 Beverages that markets and sells India’s first distilled non-alcoholic spirit brand Sober Gin, Sober Rum and Sober Whiskey while it has agreed to purchase 25% in Indie Brews and Spirits, the maker of Quaffine, India’s first cold brew coffee liqueur…
- Exclusive: Panasonic’s D2C platform witnesses 4x growth Q-o-Q 25 July 2024, retail.economictimes.indiatimes.com The company has been experiencing a surge in demand on the back of increasing demand for ACs and refrigerators, and product category expansion along with its evolving marketing initiatives…
- Baby Forest Ayurveda Opens New Store in DLF Mall of India, Noida 25 July 2024, indianretailer.com In a strategic move to expand its retail presence in India, Baby Forest Ayurveda has launched its latest store in DLF Mall of India, Noida, Uttar Pradesh. Founded in 2022, Baby Forest is renowned for its ayurvedic baby care products made from natural ingredients…
- ASUS Expands Retail Presence in India with New Kanpur Store 25 July 2024, indianretailer.com To strengthen its retail footprint across India, Taiwanese tech giant ASUS has announced the opening of an exclusive store in Kanpur. The 300 sq. ft. store will feature a wide range of electronics and computer…
- Explore the Top 10 Men’s Formal Wear Brands in India 25 July 2024, indianretailer.com Want to know about the top 10 formal men’s wear brands in India? The formal men’s wear industry has taken a steep curve over a period of time in the Indian fashion market…
- VIP Clothing Ltd. Launches Rivolta, Setting New Standards in Athleisure 25 July 2024, indianretailer.com VIP Clothing Ltd. has launched its newest collection, Rivolta, capturing the spirit of today’s youth who balance an active lifestyle with a relaxed attitude. This collection features a versatile range of apparel for men and women, empowering them to embrace fashion without compromising on comfort…
- Why Haier India’s Hybrid Retail Model is the Future of Consumer Electronics 25 July 2024, indianretailer.com Haier India is blazing a trail in the consumer appliance market, redefining how traditional brands can evolve into modern, innovative hybrid retailers. NS Satish, President of Haier Appliances India, recently shared insights with…
- Acer Launches Aspire 3D 15 SpatialLabs Edition: A Breakthrough for 3D Content Creators 25 July 2024, indianretailer.com Acer, a leading brand in the PC industry, today launched the Aspire 3D 15 SpatialLabs Edition, a groundbreaking product for 3D content creators. This innovative laptop enables creators to see their projects come to life in real-time with SpatialLabs technology…
- MakeMyTrip Sees 12.9 Pc Increase in Q1 Net Profit 25 July 2024, indianretailer.com MakeMyTrip, a key player in India’s retail and travel industry, reported a 12.9 percent year-on-year increase in net profit, reaching $21.0 million for the quarter ending June 30, FY25. This compares to a net profit of $18.6 million during the same period last year (Q1FY24)…
- Lavie Luxe Launches New Perfume Line, Expanding Its Premium Offerings 25 July 2024, indianretailer.com Lavie Luxe, known for its high-end, premium-quality products, has announced the launch of its new category of perfumes. This expansion marks a significant milestone for the brand, extending its luxurious offerings beyond bags and accessories into the world of fragrances…
- Sanktum Redefines Luxury Fashion with Innovative Handbag Subscription Service 25 July 2024, indianretailer.com Sanktum, founded by Anushi Patel and Rangoli Kute, is revolutionizing luxury fashion with its groundbreaking handbag subscription service, which has quickly become a sensation in India’s fashion industry…
- Big Hello Broadens Reach in Chennai with New Fashion Store 25 July 2024, indianretailer.com Big Hello, a renowned specialty fashion brand catering to plus-sized individuals, has inaugurated its second retail experience store in Chennai. Located in the City Centre and Pondy Bazaar, these new stores provide stylish and high-quality fashion clothing and accessories designed specifically for plus-sized men and women…
- BaaMee All Day Eatery and Bar Brings Modern Retro Flair to Mumbai 25 July 2024, indianretailer.com BaaMee All Day Eatery and Bar has opened its doors in Mumbai, offering a distinctive dining experience that combines modern retro design with global progressive cuisine…
- ANDAAZ Restaurant Appoints Parth Bharti as Executive Chef 25 July 2024, indianretailer.com ANDAAZ Restaurant, a leading name in Indian cuisine, has appointed Parth Bharti as its new Executive Chef. Based in New Jersey, ANDAAZ aims to enhance its dining experience under Chef Bharti’s guidance…
- Pilibhit House Haridwar Appoints New Chef-in-Charge 25 July 2024, indianretailer.com Pilibhit House, Haridwar – IHCL SeleQtions, Haridwar’s premier luxury hotel, has announced the appointment of Chef Rohit Dubey as the new Chef-in-Charge. With over 16 years of industry experience, Chef Dubey brings unmatched culinary expertise and knowledge to his new role…
- Gather Enhances Pune’s Deccan with New Dining Space 25 July 2024, indianretailer.com Nestled in the heart of Deccan, Pune, Gather is set to open its all-day drinking and dining space dedicated to celebrating the joy of people coming together. Gather aims to be more than just a venue, focusing on the communal nature of dining, where good food, delightful drinks, and a welcoming atmosphere create memorable moments…
- Budget 2024: No Sector Specific Budget for Restaurant, EPF Support to Boost Employment 25 July 2024, indianretailer.com The much awaited budget for the newly formed government led by the NDA alliance on Tuesday couldn’t bring much relief to the restaurant and hospitality sector. Finance Minister Nirmala Sitharaman unveiled the Union..
- How AI is Helping Cloud Kitchen Biz Grow 25 July 2024, indianretailer.com The convenience of online meal delivery is attracting more and more customers, which has led to an accelerated rise in the cloud kitchen business in recent years. Since there are no dine-in customers, food in a cloud kitchen is exclusively made in a commercial kitchen for takeout or delivery…
- Gains For Real Estate Industry In Union Budget 2025-25 24 July 2024, rprealtyplus.com Three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations are being made…
- Long-Term Holding Period Reduced For REIT & InVITs Investors 24 July 2024, rprealtyplus.com The newer asset class of business trusts which includes Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) stand to benefit from the Budget 2024 as it makes the long-term holding period for tax considerations uniform with the rest of the equity market…
- HUL Q1 Results: Net profit rises 3% YoY at Rs 2,538 crore, meets estimates 24 July 2024, retail.economictimes.indiatimes.com FMCG major Hindustan Unilever (HUL) reported a net profit of Rs 2,538 crore for the quarter ending June 30, 2024, which closely matched the Street estimate of Rs 2,541 crore. This represents a 3% year-on-year growth compared to the corresponding quarter last year…
- India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1 24 July 2024, retail.economictimes.indiatimes.com In Q2 2024, Coca-Cola achieved 2% growth, driven by India, Brazil, and the Philippines. India’s innovative bottles with extended shelf life generated 400 million transactions, reducing costs. Developed markets remained stable; Asia Pacific grew 3%. India, the fifth largest market, significantly contributed. CEO James Quincey noted solid performance. Revenues reached $12…
- Budget ringfences India growth story: Nykaa CEO Falguni Nayar 24 July 2024, retail.economictimes.indiatimes.com The Prime Minister’s package of five schemes and initiatives to accelerate employment, skill development and other opportunities for 41 million youth over the next five years with a central outlay of Rs 2 lakh crore has the potential to increase households’ purchasing power…
- Urban Company: loss narrowed in FY24, posted pre-tax profit in Q1 24 July 2024, retail.economictimes.indiatimes.com The Gurugram-based company recorded Rs 281 crore in revenue for the April-June period, or the first quarter, of this fiscal year, with a profit before tax (PBT) of Rs 12 crore, the business summary showed…
- United Spirits Q1 profit rises 1.7% to Rs 485 crore 24 July 2024, retail.economictimes.indiatimes.com USL CEO & Managing Director Hina Nagarajan said the company has commenced FY25 with a steady performance in the first quarter. “Our renovation and innovation offerings are rolling out progressively with an encouraging response,” she added. Looking ahead, Nagarajan said, “We remain focused on enhancing the long-term competitiveness of our portfolio, and to sustainably deliver in a soft demand environment and harness every opportunity to create long-term value for all our stakeholders.”..
- Inditex to Launch Bershka in India with First Store at Mumbai’s Phoenix Palladium 24 July 2024, indianretailer.com Inditex is set to introduce its youth fashion brand, Bershka, to the Indian retail market on 1st November, with the first store opening at Mumbai’s Phoenix Palladium mall. This marks Bershka’s debut in India, following the successful launches of Zara and Massimo Dutti…
- Yousta by Reliance Retail Opens New Store in Lucknow 24 July 2024, indianretailer.com Reliance Retail’s vibrant and youth-focused fashion brand, Yousta, has announced the opening of its latest store in Lucknow, located at Kapoorthala, Aliganj Road. This marks a significant milestone in Yousta’s nationwide expansion, bringing its trendy and affordable fashion offerings to the energetic city of Lucknow…
- GIVA Expands Retail Presence in India with New Kolkata Stor 24 July 2024, indianretailer.com GIVA, one of India’s largest D2C fine jewellery brands, will be opening another retail store in Kolkata, Park Street, following its success in the city. The store offers a wide range of jewellery, combining classic styles with modern allure…
- Why India’s Budget 2024 Is a Win for Mobile Manufacturers and Consumers 24 July 2024, indianretailer.com The Union Budget 2024 announced by India’s Finance Minister Nirmala Sitharaman has introduced a series of measures poised to energize the mobile industry. By slashing the basic customs duty on critical mobile components, the budget not only supports local manufacturing but also aims to make cutting-edge technology more accessible to consumers across the country…
- Union Budget 2024: The Impact on the Jewelry Market 24 July 2024, indianretailer.com Union Finance Minister Nirmala Sitharaman has recently represented the first budget of PM Modi government’s third term in parliament. A range of economic measures and policy changes were also introduced aiming at stimulating growth and addressing various sectoral challenges…
- Top Highlights for the Retail & E-commerce Sectors from the Union Budget 2024-25 24 July 2024, indianretailer.com Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 in Parliament today, marking the first budget of Prime Minister Narendra Modi’s third term…
- Allied Blenders and Distillers Limited Announces Consolidated Financial Results 24 July 2024, indianretailer.com Allied Blenders and Distillers Limited, the third-largest spirits company in India by annual sales volumes between FY14 and FY24, has announced its audited financial results for the fiscal year ending March 31, 2024…
- Top 10 Grocery Brands in India 24 July 2024, indianretailer.com When it comes to daily shopping, choosing the right grocery store can make a world of difference. The top grocery stores in India are not just about stocking shelves—they are pioneers in transforming the shopping experience…
- US’s Maya Medi Spa Now Open in Hyderabad 24 July 2024, indianretailer.com Maya Medi Spa, a prominent US-based aesthetic skincare bar, has proudly announced the opening of its latest outlet in Banjara Hills, Hyderabad…
- “The Richness of Indian Cuisine lies in its Deep-rooted Traditions, Regional Diversity,” Chef Hari Nayak 24 July 2024, irecwire.com Indian cuisine is becoming popular not just in India but across the globe and all thanks to its rich flavors, colors, and diverse dishes that Indian cuisine brings to the table…
- Litchi Brings European and Asian Cuisine Together in South Delhi 24 July 2024, indianretailer.com Litchi, a new dining spot blending European and Asian culinary traditions, has opened in Panchshila Park, Malviya Nagar, South Delhi. Located on Panchsheel Marg, Litchi aims to provide a diverse gastronomic experience for both casual diners and food enthusiasts…
- Effingut Introduces Canned Craft Beers to Expand Market Reach 24 July 2024, indianretailer.com Effingut, a prominent name in India’s craft brewing sector, is set to introduce its signature craft beers in cans. Founded over a decade ago by Manu Gulati, Effingut has grown from a small brewpub in KP, Pune, to a national presence with 11 outlets, including 4 brewpubs, 2 bistros, and 5 E2Go locations…
- Dearie to Expand with 5 New Outlets by 2027, Aims for 60 Pc Revenue Growth 24 July 2024, indianretailer.com Dearie, a renowned restaurant, bar, and brewery with a European ambiance and carefully crafted beers, has announced ambitious expansion plans. By 2027, Dearie aims to open five new outlets across the region, enhancing the craft beer experience for a wider audience…
- Lucky Chan Expands to Brookfield Ecoworld, Bellandur with New Outlet 24 July 2024, indianretailer.com Lucky Chan – Dim Sum and Sushi Parlour, a popular Bengaluru destination known for its innovative Asian cuisine, is expanding to Brookfield Ecoworld, Bellandur with the launch of their fourth outlet in Bangalore…
- Costa Coffee Brews Olympic Spirit with Indian Baristas at Paris 2024 24 July 2024, indianretailer.com Costa Coffee is excited to announce its role as the Official Coffee Partner at the Olympic Games Paris 2024, highlighting a significant achievement in promoting coffee culture and elevating the presence of Indian baristas on a global stage…
- 4700BC & Polar Bear Elevate Desserts with Gourmet Popcorn Treats And More 24 July 2024, indianretailer.com 4700BC, India’s premium snacking brand, has partnered with Polar Bear Ice Cream Parlour, renowned for its delightful sundaes and seasonal creations, to launch a spectacular new menu. This collaboration unveiled on National Ice Cream Day, features the exquisite 4700BC Himalayan Salt Caramel Popcorn…
- The Laughing Cow Brings Cheez Dippers to Southeast Asia 24 July 2024, indianretailer.com Leading cheese brand, The Laughing Cow, is set to transform the snacking landscape with the launch of The Laughing Cow Cheez Dippers. This product aims to meet the rising demand for nutritious and convenient snack options in the rapidly growing Southeast Asian snack market, projected to reach $30 billion by 2029…
- Budget 2024: Proposed tax cuts to stimulate FMCG and retail sectors 24 July 2024, timesofindia.indiatimes.com Households may finally have leeway for more discretionary spending. Proposals providing tax relief to the middle class are expected to put more cash in the hands of consumers-and more products in their shopping carts….
- Maharashtra Eases Open Space Requirements For Glass Facade Commercial Buildings 23 July 2024, rprealtyplus.com Accepting real estate advocacy group CREDAI-MCHI’s request that the glass facade provides artificial light and mechanical ventilation, the state govt has decided to relax the quantum of open space requirement for such commercial buildings…
- DLF to Enter New Markets of Goa & Mumbai 23 July 2024, rprealtyplus.com DLF Ltd. has unveiled plans to broaden its housing and commercial property ventures by entering new markets in Mumbai and Goa. This strategic initiative aims to leverage the increasing demand for luxury homes and commercial spaces in these areas, as noted in the company’s annual report…
- Bhutani Group picks up majority stake in WTC Noida in revenue-sharing deal 23 July 2024, retail.economictimes.indiatimes.com Five of these WTCs, located in Noida, Chandigarh, Gurugram, and Gift City are at various stages of construction and will require at least ₹3,000 crore to complete…
- Foodstories by Biyani sisters to open 5 outlets by this fiscal end 23 July 2024, retail.economictimes.indiatimes.com It offers 6,500 SKUs from around 380 brands from 28 countries across the globe…
- Hardik Pandya teams up with FanCode Shop to launch his brand 23 July 2024, retail.economictimes.indiatimes.com Cricketer Hardik Pandya has inked an exclusive licensing pact with FanCode Shop, the online merchandise store of Dream Sports-owned FanCode, to launch his own performance wear range…
- Nothing India’s Manu Sharma joins Dreame Technology as MD for India operations 23 July 2024, retail.economictimes.indiatimes.com Dreame Technology has appointed Manu Sharma as managing director for its India operations. With more than 25 years of experience in the consumer electronics industry, he had previously worked as vice president and general manager at Nothing India and vice president and head of product strategy at Samsung India. Sharma will spearhead strategic initiatives, product strategy, marketing, and team building…
- Swiggy appoints new product head for Instamart among management changes 23 July 2024, retail.economictimes.indiatimes.com Himavant Srikrishna Kurnala has also been made a senior vice president (SVP), was previously the chief product officer for Reliance Retail’s JioMart, and has also worked at Amazon and Microsoft. Among other changes, Mayank Rajvaidya has been appointed vice president (VP) of fruits & vegetables…
- Gem Promotion Council to partner with locals to boost Kashmir sapphires’ market 23 July 2024, retail.economictimes.indiatimes.com Speaking about this first-ever meeting with gem and jewellery trade from Kashmir, Vipul Shah, Chairman, GJEPC said, “We had a very productive discussion with trade members of Kashmir. We are committed to enhancing the prominence of Kashmiri sapphires and empowering local artisans with advanced skills. This initiative aligns with our mission to strengthen the gem and jewellery sector, facilitating growth, international recognition, and boosting exports from the region. We sincerely thank the Kashmiri trade for their engagement and look forward to fruitful collaborations ahead.”..
- Non-alcohol is the only market segment with positive momentum in several markets including India – IWSR 23 July 2024, retail.economictimes.indiatimes.com The non-alcohol market segment is experiencing growth due to an increase in no-alcohol drinkers in key markets like India, China, the UK, and the US. Non-alcoholic beverage categories such as beer, wine, and spirits showed significant volume surges…
- India’s share of electronics exports rose in FY24, driven by Apple, says Economic Survey 23 July 2024, retail.economictimes.indiatimes.com “India’s share in world electronics exports has improved from 0.63% in 2018 to 0.88% in 2022. As such, India’s rose from 28th in 2018 to 24th in 2022 in global electronics exports,” the Economic Survey said…
- ASUS Strengthens Indian Retail Presence with New Pegasus Store Launch in Delhi 23 July 2024, retail.economictimes.indiatimes.com ASUS India, the Taiwanese tech giant, has announced the opening of its latest Pegasus store in Delhi, reinforcing its retail strategy across the nation. Spanning 496 sq. ft., the new store showcases an extensive range of…
- RedTape Unveils New Store at Gurugram 23 July 2024, indianretailer.com RedTape, a footwear and apparel brand, opened its new outlet at Reach3Roads, Gurugram. This store is designed to provide an immersive shopping experience that highlights the brand’s commitment to quality, innovation, and trendsetting designs…
- CUT&STYLE Unveils New Salon in Gurugram 23 July 2024, indianretailer.com CUT&STYLE has launched its newest salon in The Satya Hive, Gurugram. Every detail in the salon has been thoughtfully designed to create a space that marries modern aesthetics with timeless elegance…
- Snitch Opens 14th Store in India, 2nd in Hyderabad 23 July 2024, indianretailer.com Snitch, the men’s fashion brand, has opened its 14th store in India, and second in Hyderabad, at Kukatpally. By opening a store in Kukatpally, Snitch is perfectly positioned to tap into a dynamic market of Southern India, offering the latest trends and unique fashion pieces to a clientele that is always on the lookout for fresh and innovative styles…
- 10 Best Formal Shoe Brands for Men in India 2024 23 July 2024, indianretailer.com Did you know the fact that Oxford shoes are the standard style of shoe to wear with any suit, which are mostly made of leather and sometimes the entire shoe is made of leather including the outers, lining and sole but for more durability at the expense of elegance, many shoes are made with rubber soles…
- Top 10 Luxury Watch Brands in India: How to Make the Right Choice 23 July 2024, indianretailer.com As an Indian retailer, we aim to provide essential information about top luxury watch brands to help retail owners and entrepreneurs stay informed about market trends. The luxury watch industry in India is growing, with consumers increasingly seeking high-quality, prestigious timepieces…
- Mother Dairy Aims for 13 pc Growth with New Product Launches in 2024-25 23 July 2024, indianretailer.com As Mother Dairy enters the 2024-25 fiscal year, it sets its sights on a 13 percent growth, targeting a turnover of Rs17,000 crore. The dairy giant anticipates increased demand for its diverse range of dairy and edible oil products…
- D’Décor Introduces Sansaar- Premium, Eco-Friendly Home Décor in 350 Stores 23 July 2024, indianretailer.com D’Décor, a frontrunner in home décor fabrics, has officially launched its latest brand, Sansaar, marking a significant step in sustainable living. The new product range will be available in 350 stores across 50 cities, including both metro and non-metro areas, aiming to bring mindful home décor solutions to a broader audience…
- Alok Varman Rejoins Pepperfry as Head of Supply Chain 23 July 2024, indianretailer.com Pepperfry, an e-commerce furniture and home decor company, has announced the return of Alok Varman as Head of Supply Chain. Alok will be instrumental in further strengthening Pepperfry’s position as India’s leading furniture and home decor company…
- BIRA 91 Launches 2nd Taproom in Delhi at Pacific Mall, Tagore Garden 23 July 2024, indianretailer.com Following the grand success of five outlets across the country, BIRA 91 has proudly launched its second Taproom in Delhi, located at the bustling Pacific Mall in Tagore Garden, West Delhi…
- abCoffee Opens 50th Outlet; To Add 4 more Outlets Soon 23 July 2024, indianretailer.com abCoffee, the pioneering tech-enabled grab-and-go coffee chain, has reached a significant milestone with the opening of its 50th store within a span of just two years, establishing itself as one of the fastest-growing player in the industry…
- Kombucha Brand Sbooch Launches in India; Join Hands with Suniel Shetty as Partner 23 July 2024, indianretailer.com Can you think of a beverage that’s completely preservative-free, contains no artificial flavours or additives, and still boasts an impressive shelf life? Sbooch, a new-age kombucha brand, has announced its official launch at an event with Suniel Shetty in Mumbai entering the Indian beverage market, aiming to fill this exact gap…
- ASICS Unveils New Collection Designed to Spread Positivity Through Movement 23 July 2024, indianretailer.com ASICS has launched its new Celebration of Sport collection, aimed at spreading positivity and uplifting the global mood through movement. This cross-category capsule collection features running, core performance sports, and SportStyle products, all in a distinct yellow colorway symbolizing optimism and hope. The collection encourages more people to move for both body and mind…
- How Mocemsa Achieved 63 pc Annual Growth with Luxury Fragrances 23 July 2024, indianretailer.com Mocemsa, a name steeped in history and innovation, was born from a vision to redefine the fragrance industry. The name itself is a blend of “Moc,” which represents the Malhotra Oil Co. established in 1916, and “Emsa,” the fragrance unit…
- Oberoi Realty’s Rs. 1,441.95 Cr Consolidated Revenue For Q1FY25 22 July 2024, rprealtyplus.com Oberoi Realty Limited, headquartered in Mumbai, announced its results for the first quarter of FY25. The Company has recorded Consolidated Revenue of Rs. 1,441.95 crore for Q1FY25 as against Rs. 933.56 crore for Q1FY24 and Rs. 1,558.56 crore for Q4FY24…
- Anant Raj Cloud Pvt. Ltd Enters Into Collaboration With Google LLC 22 July 2024, rprealtyplus.com Anant Raj Cloud Pvt. Ltd, a wholly owned subsidiary of New Delhi-based realty developer Anant Raj has entered into an agreement with Google LLC, a global technology leader. Under this collaboration, the company will be responsible for providing data center infrastructure, DC managed services, and cloud platform to various public and private enterprises…
- CapitaLand India Trust acquires Building Q2 at Aurum Q Parc in Navi Mumbai for Rs 6.76 billion 22 July 2024, realty.economictimes.indiatimes.com Additionally, a sum of approximately Rs 0.30 billion (S$ 4.81 million) is expected to be paid as deferred consideration, subject to the achievement of pre-agreed business milestones by Aurum Ventures…
- Land deals drop 57%to 325 acres in Q1 FY25: Anarock 22 July 2024, realty.economictimes.indiatimes.com Real estate consultant Anarock pointed out that the general elections and the heated land prices seem to have dented the appetite for land acquisition for developers and other entities in the second quarter of 2024…
- Pune Property Registrations Increase 60% From Same Time Last Year 22 July 2024, rprealtyplus.com Knight Frank India, in its latest assessment stated that in June 2024 Pune witnessed registration of 14,230 properties, a 60% increase from same time previous year. Stamp duty collections during this period totaled INR 528 crores, reflecting a 90% year-on-year (YoY) rise in June 2024…
- Exclusive | Amazon in deal talks with Swiggy for quick commerce business Instamart: Sources 22 July 2024, retail.economictimes.indiatimes.com Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart…
- Mother Dairy aims Rs 17,000 cr turnover in FY25 on better demand: MD 22 July 2024, retail.economictimes.indiatimes.com Mother Dairy aims for a 13% increase in turnover to Rs 17,000 crore this fiscal year, anticipating strong demand for its dairy and edible oils products. The company, a key milk supplier in Delhi-NCR, also markets ‘Dhara’ branded edible oils nationwide and operates around 400 ‘Safal’ retail outlets in Delhi-NCR for fresh fruits and vegetables…
- V2 Retail aims to increase full-price sales; maintain gross margins 22 July 2024, retail.economictimes.indiatimes.com Akash Agarwal, director of V2 Retail said, “We have increased our full price sales to 88% in last year. The target for this year is 92%. By selling at full price, the ASP increases. However, as we are increasing our volumes simultaneously, the economies of scale kick in. So, the ASP should not be impacted more than 5-10% and we want to maintain that. We are not looking to change our gross margins.”..
- GCPL invests over Rs 1,000 cr on advertising in FY24 22 July 2024, retail.economictimes.indiatimes.com Raymond Consumer Care, which it acquired in April last year from the Singhania family with brands like Park Avenue and KamaSutra, has reduced 550 SKUs to just 100, he said. “On people, we also reduced the number of managers overall by creating larger, richer roles and introducing more modern tools. So, we have actually physically reduced in size despite our growth,” he said…
- Actor Kajal Aggarwal partners with brand licensing company Swag to launch her home and lifestyle brand Kateeka 22 July 2024, retail.economictimes.indiatimes.com Through this brand licensing program, she plans to integrate traditional artistry with modern design sensibilities. She is aiming to offer premium home lifestyle products that resonate with both heritage and modern homeowners…
- Saahil Nayar, Milap Cosmetics’ Chadha brothers launch beauty brand ‘Mila Beaute’ 22 July 2024, retail.economictimes.indiatimes.com Ex-Swiss Beauty CEO Saahil Nayar has partnered with Milap Cosmetics’ Sachin and Keshav Chadha to rebrand the company and launch an affordable homegrown makeup brand – Mila Beaute. The trio have invested to set up a 36,000 square feet factory in Manesar which will become operational by the end of October 2024…
- Retailers including Shoppers Stop, Lifestyle and VMart bet on a flurry of wedding days in second half of this fiscal 22 July 2024, retail.economictimes.indiatimes.com “Consumers are back and there are signs of recovery in the July-September quarter. Q3FY25 is expected to be stronger due to the advancement of the festive season and a number of weddings. We are seeing growth at the store level and overall double-digit growth (in July),”Devarajan Iyer, chief executive of department store chain Lifestyle International told ET on Saturday…
- Quick commerce changes the game: Retail Inc joins Q as India shops by the minute 22 July 2024, retail.economictimes.indiatimes.com Indians are buying daily necessities and fast-moving consumer goods more frequently and in larger numbers than a few years ago, with researchers and senior executives attributing this to a growing trend of consumers seeking instant gratification, fuelled by burgeoning quick commerce…
- Navigating the Indian denim wear industry as a global brand 22 July 2024, retail.economictimes.indiatimes.com The seamless integration of denim into contemporary work dynamics, blending professional and casual attire, is particularly noteworthy. Denim’s inherent adaptability and comfort have positioned it as the preferred choice for many navigating the evolving workplace culture. Its evolution from a mere fashion statement to a practical and versatile option mirrors the shifting needs and lifestyles of individuals…
- Future-ready malls: Tech innovations for Indian retail spaces 22 July 2024, retail.economictimes.indiatimes.com At ETRetail ShopFwd Summit 2024, experts from the mall industry discussed the potential of technology in meeting consumer demands and enhancing consumer experiences…
- The new supply of retail spaces: Expansion at the forefront 22 July 2024, retail.economictimes.indiatimes.com The industry experts converged at ETRetail ShopFwd Summit 2024 to discuss what is propelling the growth of retail, and how brands and malls can collaborate together to felicitate this growth further in a compelling panel discussion…
- Reliance Retail registers 10.5 pc EBITDA growth led by increase in footfalls and store expansion 22 July 2024, retail.economictimes.indiatimes.com The company expanded its store network with 331 new store openings taking the total store count to 18,918 with area under operation at 81.3 million sq. ft and recorded footfalls of over 296 million, a growth of 18.9 per cent Y-o-Y…
- Patanjali Foods net profit jumps 3-fold to Rs 262.9crore 22 July 2024, retail.economictimes.indiatimes.com Total income, however, dropped to Rs 7,202.35 crore in the April-June quarter of this fiscal from Rs 7,810.50 crore in the corresponding period of the previous year. In the first quarter of this fiscal, the company’s food and FMCG segment’s revenues remained flat at Rs 1,953.55 crore…
- 78% of Indian consumers plan to buy a watch for themselves next year: Deloitte Report 22 July 2024, financialexpress.com The report highlights that Indian consumers are keen to purchase aspirational products as each year almost 60 per cent of them invest in luxury products including leather goods, eyewear, watches, jewellery, fashion and cosmetics…
- Platform Fee Surge: Why Swiggy and Zomato are charging more and how it affects you 22 July 2024, retail.economictimes.indiatimes.com Swiggy and Zomato have raised their platform fees to Rs 6 per order in Delhi and Bengaluru, marking a 20% increase. This fee hike, which affects all users regardless of membership plans, is anticipated to significantly boost the companies’ revenues. The adjustment has already positively impacted Zomato’s stock price. As these companies seek to balance revenue and cost management, consumers will face higher expenses for food deliveries…
- Domino’s Pizza to open fewer stores in 2024; misses sales estimates 22 July 2024, retail.economictimes.indiatimes.com Domino’s said its target to open more than 925 international outlets for the year would fall short by about 275 after its Australia-based master franchise said earlier this week it was closing low-volume stores in Japan and France…
- ASUS Expands Retail Presence with New Store in Pune 22 July 2024, indianretailer.com As part of its strategy to enhance its retail footprint across India, ASUS India, the Taiwanese tech giant, has announced the opening of an exclusive store in Pune…
- Acer Expands Retail Footprint in India with New Store in Bengaluru 22 July 2024, indianretailer.com Acer, a prominent global technology brand, has announced the grand opening of its new exclusive store at Phoenix Mall of Asia in Bengaluru. This store will provide an immersive environment, showcasing Acer’s latest PCs and Acerpure’s range of consumer appliances and electronics, enhancing its retail presence in India…
- Top 10 Luxury Watch Brands in India: How to Make the Right Choice 22 July 2024, indianretailer.com As an Indian retailer, we aim to provide essential information about top luxury watch brands to help retail owners and entrepreneurs stay informed about market trends…
- How to Start a Clothing Boutique Business? Expert Tips For Success 22 July 2024, indianretailer.com Starting a clothing boutique business in the Indian market space can be profitable. A small space with a specific product line serving a particular clientele is called a boutique…
- Plant-based Foods to Shape the Organic Food Retail Landscape in India 22 July 2024, indianretailer.com Over the past decade, India’s organic food retail landscape has experienced remarkable growth, driven by increasing consumer awareness, health and sustainability concerns, and government support for organic farming practices…
- Personalized Customer Experiences Make It Non-intrusive 22 July 2024, indianretailer.com Marketers and consumers have long recognized the value of personalized experiences. Besides improving customer outcomes, it opens up revenue-generation opportunities for brands…
- Singer India Embarks on a Technological Revolution 22 July 2024, indianretailer.com Singer, the world-renowned brand in the household sewing machine segment, boasts a rich legacy of 170 years in the sewing machine and home appliance industry. In India, Singer has embarked on a new journey that remains anchored in its core business, ethos, values, and principles…
- Top 10 Strongest Beer Brands in India | with Highest ABV% 22 July 2024, indianretailer.com In India, alcohol is preferred in every situation whether you are celebrating or want to end a stressful day. Alcohol which everyone should avoid is driving the Indian market crazy with an estimated value of $ 11.7 billion in 2024…
- Broadway Brings Fresh Approach to Indian Retail Scene 22 July 2024, indianretailer.com Think9, a prominent venture builder, has introduced Broadway, a groundbreaking retail concept aimed at transforming the retail experience in India. Broadway will feature over 100 new-age consumer brands from various sectors, including health and wellness, beauty, personal care, lifestyle, fashion, and food and beverage…
- Shoppers Stop Q1 Results: Reports Net Loss Amid Challenging Conditions 22 July 2024, indianretailer.com Retail chain Shoppers Stop Ltd reported a consolidated net loss of Rs 22.72 crore for the June 2024 quarter, citing subdued consumption due to prolonged heat waves, elections, and inflation as contributing factors…
- HCCB Names Harsh Bhutani as New CFO 22 July 2024, indianretailer.com Hindustan Coca-Cola Beverages (HCCB) has announced the appointment of Harsh Bhutani as its new Chief Financial Officer (CFO). In this crucial role, Bhutani will be responsible for steering HCCB’s financial..
- How BB Matrix is Riding the $62 Billion Supply Chain Software Boom 22 July 2024, indianretailer.com Innovation is not just a necessity — it’s the cornerstone of success. Enter BB Matrix, the all-in-one SaaS-based supply chain platform developed by BigBasket, a TATA Enterprise. Launched amidst a burgeoning global demand..
- Laura Ashley Partners with Bradford License India to Bring British Elegance to India 22 July 2024, retail.economictimes.indiatimes.com Laura Ashley, a British lifestyle brand renowned for its timeless elegance and quintessentially English charm, is set to captivate the Indian market. Known for its iconic floral prints, classic designs, and quality craftsmanship, the brand aims to establish partnerships through licensing across various product categories in India…
- A Comprehensive Guide to Top 5 Jewellery Brands in India 22 July 2024, indianretailer.com India’s jewellery market is huge, worth $78.50 billion in FY21, and makes up about 7% of the country’s GDP. With a love for gold and diamonds deeply rooted in its culture, the market is set to grow even more, especially during festivals and weddings…
- Radico Khaitan Introduces Award-Winning Sangam World Malt Whisky to India 22 July 2024, indianretailer.com Radico Khaitan Limited, one of India’s largest IMFL companies, is set to make waves in the retail and India markets with the introduction of Sangam World Malt Whisky…
- EssilorLuxottica Acquires Supreme for $1.5 Bn 22 July 2024, indianretailer.com EssilorLuxottica, the global eyewear giant, has agreed to acquire US streetwear brand Supreme for $1.5 billion. This strategic move marks the company’s first major expansion beyond eyewear and lenses, aiming to enhance its retail presence in India and globally…
- Plant-based Foods to Shape the Organic Food Retail Landscape in India 22 July 2024, indianretailer.com Over the past decade, India’s organic food retail landscape has experienced remarkable growth, driven by increasing consumer awareness, health and sustainability concerns, and government support for organic farming practices…
- boAt Expands Smart Ring Portfolio with Smart Ring Active 22 July 2024, indianretailer.com boAt, India’s leading, and the world’s second-largest wearables brand, has launched its new health and fitness tracker, the ‘boAt Smart Ring Active’. This innovative product is priced to make advanced health tracking…
- India’s Retail Digital Payments Set to Soar to $7 Trillion by 2030 22 July 2024, indianretailer.com The digital payment landscape in India is set for exponential growth, with retail digital payments expected to double to $7 trillion by 2030 from current levels…
- Tier II Cities Residential Property Launch Prices Surge Up To 94% 19 July 2024, rprealtyplus.com Residential property launches prices across India’s top 10 Tier II cities have witnessed a rise up to 94% in new launch projects in the last five fiscal years ending 2023-24 due to growing consumer confidence, a buoyant job market and robust infrastructure development, according to data analytics firm PropEquity…
- ASK Property Fund Invests Rs 190 Cr In Kalpataru Project 19 July 2024, rprealtyplus.com ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, has announced the successful investment of Rs 190 crore in a project being developed by Kalpataru…
- Alphacorp to invest Rs 350 crore to develop housing project in Gurugram 19 July 2024, realty.economictimes.indiatimes.com On one parcel of 2.38 acre, the company has launched luxury high-rise project ‘Alphacorp SKY1’ comprising 100 units. The price is Rs 5 crore per unit. The project on the second plot will also be launched in the next 2-3 months..
- Former Maharashtra Chief Secretary Manoj Saunik New MahaRERA Chairman 19 July 2024, rprealtyplus.com Former Maharashtra chief secretary Manoj Saunik has been appointed as the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)..
- Shoppers Stop posts Q1 net loss at Rs 22.72 crore 19 July 2024, retail.economictimes.indiatimes.com “The industry witnessed subdued consumption due to prolonged heat waves, elections, fewer weddings and inflation… This has impacted our profits, however, we have a strong recovery plan,” Shoppers Stop Managing Director and CEO Kavindra Mishra said…
- ONDC corners 3% order volumes of Swiggy, Zomato: sources 19 July 2024, retail.economictimes.indiatimes.com As per sources, ONDC facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually who receive 20 lakh orders each. Its total order volumes touched around 4 lakh orders in a day which includes mobility bookings as well…
- Peyush Bansal, other founders infuse Rs 160 cr in Lenskart 19 July 2024, retail.economictimes.indiatimes.com Peyush and Neha Bansal led the round with Rs 70.70 crore and 70.39 crore investment followed by Rs 9.60 crore from Chaudhary and Rs 9.35 crore from Kapahi…
- Xiaomi takes back smartphone crown from Samsung in India 19 July 2024, retail.economictimes.indiatimes.com Xiaomi reclaimed the top spot in India’s smartphone market in June, with Samsung in third behind Vivo. Canalys reports Xiaomi at 18% share with 24% growth; Vivo also at 18%; Samsung down 8%. Realme and Oppo followed. Market shipments increased 1% to 36.4 million units. Xiaomi faces an ED probe; vendors launch devices. Management exits, offline expansion, and financing continue…
- Bigbasket launches supply chain platform BB Matrix 19 July 2024, retail.economictimes.indiatimes.com Highlighting the platform’s wide-ranging applicability and scalability Rakshit Daga, CPTO and head of SaaS business at Bigbasket said, “To cater to the pressing demand for agile, robust, and cost-efficient supply chains, we have made BB Matrix available to enterprises across different sectors that go beyond retail and e-commerce, like manufacturing, automobiles, aviation, consumer goods and more.”…
- ShopFwd Summit 2024: The evolving potential of the ethnic wear category in India 19 July 2024, retail.economictimes.indiatimes.com The category, which once used to be dominated by unorganised players, has seen a lot of organised players entering the arena and even paving the way for more players to enter and up the ante…
- Retail sales in June 2024 show 5% growth compared to last year 19 July 2024, retail.economictimes.indiatimes.com Retail businesses across regions have indicated growth in sales compared to June 2023, with South India showing the highest increase at 7%, followed by North and East India at 5% each, and West India at 4%…
- Radico Khaitan launches Sangam World Malt Whisky in India 19 July 2024, thehindubusinessline.com Radico Khaitan, one of India’s largest Indian-made foreign liquor (IMFL) companies, announced the launch of its Sangam World Malt Whisky in the Indian market a year after it was launched in international markets…
- Unlocking foot traffic: Retailer-centric approaches to boosting shopping visits 19 July 2024, retail.economictimes.indiatimes.com In retail, a lot of research papers have been published highlighting how to manage consumers who have come into the stores. However, this panel delved deeper into how to improve footfall…
- Bajaj Electricals’ MD and CEO Anuj Poddar steps down 19 July 2024, retail.economictimes.indiatimes.com Anuj Poddar, MD & CEO of Bajaj Electricals, resigns effective September 2024, achieving net-debt-free status and brand growth. During the transition period, his responsibilities will be taken over by Shekhar Bajaj, the chairman of the company. Under Poddar, Bajaj signed a Morphy Richards deal and focused on R&D…
- Godrej Consumer aims to cut global manufacturing footprint 19 July 2024, retail.economictimes.indiatimes.com GCPL said its strategic focus on achieving double-digit volume growth in key markets like India and Indonesia is pivotal to driving its aspirations for sustainable growth. Despite challenges such as lower consumption levels in India, it achieved an organic underlying volume growth of approximately 7%, aligning with its target of high single-digit growth in this fiscal year. It also reduced the number of managers overall through creating larger, richer roles, and introducing more modern tools, it said…
- Swiss watchmakers eye opportunities as Indian luxury market soars: Deloitte Report 19 July 2024, retail.economictimes.indiatimes.com India’s luxury watch market, driven by TEPA and Swiss-India Free Trade Agreement, is set to hit $30 billion by 2030. Social media and rising incomes, along with CHF 218.8 million in Swiss exports, boost popularity. Watches are top gift items; brand consciousness and e-commerce drive online shopping, echoing survey results and growth…
- Adidas hikes 2024 earnings guidance after second-quarter beat 19 July 2024, retail.economictimes.indiatimes.com Chief Executive Bjorn Gulden, in the job since the start of 2023, has been driving a turnaround at the company bruised by its break-up with rapper Ye, formerly known as Kanye West, which left Adidas with unsold Yeezy shoes worth 1.2 billion euros. The profit upgrade comes after Adidas said its second-quarter sales rose 9% from a year earlier to 5.82 billion euros…
- Skechers sues LL Bean for copying shoe design 19 July 2024, retail.economictimes.indiatimes.com LL Bean has been sued by footwear maker Skechers USA, which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions. According to a complaint filed late Monday in Manhattan federal court, the world’s third-largest footwear company believes LL Bean’s Freeport casual shoes infringe two patented designs for “heel cups” that surround the back of the foot…
- Raymond’s consumer care sales declined under its new owner Godrej Consumer Products 19 July 2024, retail.economictimes.indiatimes.com Godrej Consumer Products (GCPL) announced an 18% decline in sales for Raymond’s consumer care business, which it acquired last year for Rs2,825 crore. Despite challenges in the market, GCPL remains focused on achieving sustainable growth through strategic initiatives such as reducing SKUs and enhancing manufacturing capabilities…
- NKolte-Patil Marks Resilient Performance In Q1 Fy25 17 July 2024, rprealtyplus.com Kolte-Patil Developers Limited a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter ended 30th June 2024…
- Adani, Wilmar are said to weigh selling $670 million stake in JV 17 July 2024, retail.economictimes.indiatimes.com The owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar, said the people, asking not to be identified as the information is confidential. A sale that size would be valued at roughly $670 million as of Tuesday, and could take place as early as the coming months, the people said…
- MTR Foods owner Orkla India explores IPO, eyes 2025 decision 17 July 2024, retail.economictimes.indiatimes.com “We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025,” Nils Selte, president and CEO at Orkla, told investors. “There are a lot of things to do before we are good to go.”…
- Services business a hard sell for FMCG companies focused on products 17 July 2024, retail.economictimes.indiatimes.com There are several instances of FMCG companies entering service business that didn’t work for them on expected lines. In 2009, Jyothy Labs launched a laundry business through a chain called Fabricspa, with an investment of Rs 40 crore. Over the years, the business grew at a slower pace compared to the rest of the business. It contributed 2% of the total revenue of Jyothy Labs in FY24…
- Tata-owned Infiniti Retail reports Rs 15.89 crore profit in FY24 17 July 2024, retail.economictimes.indiatimes.com Tata group’s Infiniti Retail, which operates Croma stores and sells electronics and smartphones on Tata Neu and Croma’s shopping portals, reported a 25% drop in online sales last fiscal year. The company adjusted its strategy to avoid unprofitable discounting, often used to compete with Amazon and Flipkart…
- HCCB appoints Harsh Bhutani as CFO 17 July 2024, retail.economictimes.indiatimes.com “I am pleased to welcome Mr. Harsh Bhutani as CFO. With his deep financial and business experience, strategic acumen, inspirational leadership, and proven track record of driving strong financial results, his presence will strengthen HCCB’s financial health, steer strategic decision-making, and further bolster stakeholder confidence,” said Juan Pablo Rodriguez, CEO, HCCB…
- Panel Discussion on ThreadTalks India’s Ethnic Fashion and Lifestyle Brands in the Spotlight 17 July 2024, retail.economictimes.indiatimes.com Don’t miss our captivating Panel Discussion on ‘ThreadTalks: India’s Ethnic Fashion and Lifestyle Brands in the Spotlight.’ Discover the trends and innovations driving the industry…
- Navigating Aspirational Wave Insights into India’s Growing Affluence & the Demand for Premiumisation 17 July 2024, retail.economictimes.indiatimes.com Join us for an enlightening fireside chat on ‘Navigating the Aspirational Wave: Insights into India’s Growing Affluence & the Demand for Premiumisation.’ Uncover the trends shaping the future of premium retail…
- Panel Discussion on The New Supply of Retail Space Expansion at the Forefront 17 July 2024, retail.economictimes.indiatimes.com Join us for an insightful Panel Discussion on ‘The New Supply of Retail Space: Expansion at the Forefront.’ Discover how industry leaders are navigating and shaping the future of retail spaces…
- Bata India aims expansion, to prioritise ‘top 6 brands’ 17 July 2024, retail.economictimes.indiatimes.com The company’s retail network now spans over 1,850 stores, including over 500 franchise stores, 650 plus sneaker studios, and over 125 Hush Puppies stores. Its distribution network has also expanded to over 1,500 towns, and with technology in-store availability increasing to 72 per cent, the company said…
- Acer Expands Retail Footprint in India with New Store in Bengaluru 17 July 2024, indianretailer.com Acer, a prominent global technology brand, has announced the grand opening of its new exclusive store at Phoenix Mall of Asia in Bengaluru. This store will provide an immersive environment, showcasing Acer’s latest PCs and Acerpure’s range of consumer appliances and electronics, enhancing its retail presence in India…
- Top 10 Scotch Whisky Brands in India 2024 | Alcohol% 17 July 2024, indianretailer.com A scotch can be called a whisky but a whisky cannot be called a scotch. Want to know more about scotch whisky? Did you know that all the scotch whisky must be made in Scotland by law? Here are the top 10 scotch whisky brands in India…
- Dell Unveils AI-Powered XPS 13 and Inspiron 14 Plus Laptops 17 July 2024, indianretailer.com Dell Technologies has introduced its latest Copilot+ AI PCs in India, unveiling the new XPS 13 and Inspiron 14 Plus models. These laptops mark a significant advancement in AI capabilities, powered by Qualcomm Snapdragon processors…
- Pee Safe Strengthens Retail Presence with New VP-Sales Appointment 17 July 2024, indianretailer.com Pee Safe, a leading hygiene brand in India, has appointed Arijit Sen as its new Vice President-Sales to bolster distribution and enhance its retail strategy. Arijit Sen joins Pee Safe with extensive industry experience,…
- Noble Group to Invest Rs 350 Cr in Ghiloth Manufacturing Unit 17 July 2024, indianretailer.com Noble Group, a prominent player in consumer electronics and appliances, is set to invest Rs 350 crore in a new manufacturing facility in Ghiloth. This substantial investment aims to enhance the company’s production capabilities specifically for air coolers and washing machines…
- Shalimar Paints Launches Waterproofing Solutions for Indian Homes 17 July 2024, indianretailer.com Shalimar Paints Ltd, a prominent player in the Indian retail paints market with over 120 years of history, has introduced two new products: Zero Damp Advance and Zero Damp Smart…
- Mango Rakes in Record 1.543 Billion Euro Revenue in First Half of the Year – Up 6.3 pc! 17 July 2024, indianretailer.com In a spectacular display of business acumen, Mango has set a new benchmark with the highest revenue in its 40-year history, raking in over 1.543 billion euros in the first six months of the year. This marks a 6.3 percent increase…
- India’s Social Commerce Market Projected to Reach $25.69 Bn by 2029 17 July 2024, indianretailer.com The social commerce market in India is on the cusp of a significant transformation, poised to experience remarkable growth over the next few years. According to a recent report from ResearchAndMarkets, the industry is expected to grow by 34.1 percent annually, reaching a valuation of $7.20 billion in 2024…
- How Minimalist Achieved Rs 178 Cr GMV with D2C Strategy 17 July 2024, indianretailer.com Minimalist, a rapidly growing direct-to-consumer (D2C) skincare brand, has carved a niche in the beauty and cosmetic industry with its ethos of transparency and clinically proven formulations…
- Frendy Bags Rs 2 Cr Credit to Fuel Expansion in Tier III and Beyond 17 July 2024, indianretailer.com Frendy, a tech-driven grocery chain catering to the daily needs of small towns and villages in India, has raised Rs 2 crore in working capital credit from UC Inclusive Credit (UCIC), an NBFC arm of Unitus Capital. The funds will be utilized to support the central inventory needs for Frendy Marts and Micro Kiranas in Tier III+ towns across Gujarat…
- Ashwin Sheth Multi-Channel Campaign Across India & New York For New Logo 16 July 2024, rprealtyplus.com In celebration of 38 years of heritage, Ashwin Sheth launched the ‘Spot the Orange Dot’ campaign in Mumbai, conceptualized and strategized by one of the leading creative hotshops. Renowned in the luxury real estate sector in India, Ashwin Sheth unveiled its new logo both domestically and at the iconic Times Square in New York…
- HUL to sell water purification business Pureit to AO Smith India 16 July 2024, retail.economictimes.indiatimes.com “We believe the addition of Pureit will strengthen our leadership position as a global supplier of premium water treatment products and double our market penetration in South Asia”, AO Smith Chairman and CEO Kevin J Wheeler said…
- States may allow home delivery of liquor through quick commerce platforms like Swiggy, BigBasket, and Zomato 16 July 2024, retail.economictimes.indiatimes.com Deliveries were allowed temporarily during the Covid-19 lockdowns in Maharashtra, Jharkhand, Chhattisgarh and Assam with restrictions. However, now legitimate deliveries of alcobev are not allowed in these states, even though a few local online platforms continue to deliver, especially in Maharashtra…
- Baggit to re-enter international markets through strategic partnerships, marketplaces 16 July 2024, retail.economictimes.indiatimes.com The brand, which currently boasts of 101 stores across India, plans to open 60 more by this fiscal end. Going ahead, it plans to focus more on tier II and beyond cities…
- Deepinder Goyal becomes India’s newest billionaire after Zomato’s multibagger rally 16 July 2024, retail.economictimes.indiatimes.com Zomato co-founder and CEO Deepinder Goyal owns about 36.95 crore shares in Zomato. The new-age stock zoomed over 4% in Monday’s session, on the back of an increase in platform fee, to a fresh all-time high of Rs 232…
- Wonderchef to invest $10 million in global expansion; targets Rs 1,000 crore brand sales by 2026 16 July 2024, retail.economictimes.indiatimes.com Wonderchef has witnessed a 25 per cent year-on-year (YoY) growth rate in the last fiscal year of 2024, with brand sales reaching Rs 700 crore. It aims to cross the Rs 1000 crore mark in brand sales in 2026 as it plans portfolio expansion in addition to its kitchen robot Chef Magic. It also aims to open 50 exclusive brand outlets (EBOs) across India within the next two years…
- Wakefit wants to become a sleep-tech company; bets on AI-powered solutions 16 July 2024, retail.economictimes.indiatimes.com In conversation with ETRetail, Chaitanya Ramalingegowda, Director and co-founder, Wakefit emphasized the importance of innovation and technology. “The world is moving towards AI and technology, and we wanted to see if we as early adopters, can use these technologies for true improvement,” he said…
- Fireside Chat on Beauty, Brains, and Business Manushi Chhillar’s Journey from Miss World to Retail 16 July 2024, retail.economictimes.indiatimes.com Join us for a Fireside Chat on ‘Beauty, Brains, and Business’ with Manushi Chhillar. Discover her inspiring journey from Miss World to retail entrepreneur!..
- Special Address on Cultivating Commerce MMRDA’s Vision for Retail Real Estate Growth in the Mumbai 16 July 2024, retail.economictimes.indiatimes.com Join us for a Special Address on ‘Cultivating Commerce: MMRDA’s Vision for Retail Real Estate Growth in Mumbai.’ Discover the future of retail real estate in the city! …
- Bata India crosses milestone of 500 franchise outlets for first time 16 July 2024, thehindubusinessline.com The footwear retailer has presence in over 1,860 retail stores pan-India, including franchisees Footwear major Bata India, which has been witnessing increasing interest for opening of its franchise stores, has crossed the milestone of 500 franchise outlets for the first time…
- Being an entrepreneur teaches you patience: Nupur Sanon, actress and founder, Label NoBo 16 July 2024, retail.economictimes.indiatimes.com Label NoBo stands for no boundaries. The first thing that the actress thought of when she started building a brand was to have strong brand name, brand concept, and brand story…
- Premiumisation in India’s consumption continues unabated in first half of 2024 16 July 2024, retail.economictimes.indiatimes.com In 2024, premium consumption sees growth despite slower car and smartphone sales. SUVs and Rs 10 lakh vehicle sales rose 13%, with Maruti Suzuki up 20%. SUVs formed 63% of sales (Society of Indian Automobile Manufacturers). Premium smartphones (Rs 30,000+) and large TVs (50-inch plus) grew, driven by Xiaomi, Motorola, and Google (Counterpoint Research). Amazon India’s 5G sales hit 81%, driven by no-cost EMIs. Premium FMCG categories, driven by younger consumers, also grew, with washing liquids seeing a 50% volume rise…
- New Retail Liquor Store Opens at Delhi Airport’s Terminal-3 16 July 2024, indianretailer.com The Delhi government’s excise department has granted a licence to the Delhi Consumer’s Cooperative Wholesale Store Ltd to open a retail liquor store in the arrival area of Terminal-3 at Indira Gandhi International (IGI) Airport…
- DECATHLON Unveils DECATHLON PULSE to Spearhead Long-Term Growth in Retail Sports Sector 16 July 2024, indianretailer.com DECATHLON has unveiled DECATHLON PULSE, a wholly-owned subsidiary aimed at catalyzing new avenues for sustained growth. This strategic move underscores DECATHLON’s commitment to expanding its footprint and enhancing its impact on society through innovative sports and wellness solutions…
- Fixderma Expands Offline Presence with New Store in Gurugram 16 July 2024, indianretailer.com Fixderma, a well-known dermaceutical brand in India, has announced the opening of its first exclusive store in Galleria Market, Gurugram. This expansion into physical retail aims to enhance the brand’s connection with consumers while providing a comprehensive range of skincare solutions…
- Mango Rakes in Record 1.543 Billion Euro Revenue in First Half of the Year – Up 6.3 pc! 16 July 2024, indianretailer.com In a spectacular display of business acumen, Mango has set a new benchmark with the highest revenue in its 40-year history, raking in over 1.543 billion euros in the first six months of the year. This marks a 6.3 percent increase..
- A.O. Smith Acquires Pureit from Unilever, Expands Reach in Indian Retail Market 16 July 2024, indianretailer.com Global water technology company A.O. Smith Corporation has announced the acquisition of Pureit from Unilever. Pureit, known for its range of residential water purification solutions, primarily operates in India…
- Xiaomi India Sees 77 Pc Profit Decline to Rs 239 Cr, Revenue Falls to Rs 26,697 Cr in FY23 16 July 2024, indianretailer.com Chinese smart device manufacturer Xiaomi Technology has reported a substantial 77 percent year-on-year decline in its profit within the Indian market, plunging to Rs 238.63 crore for the fiscal year 2022-23, according to disclosures made in a regulatory filing…
- Titan Celestor Elevates Fitness Wearables 16 July 2024, indianretailer.com Titan Smart Wearables is set to transform the retail landscape in India with the launch of its new Titan Celestor smartwatch. Aimed at fitness enthusiasts, the Celestor combines advanced technology with Titan’s legacy of excellence, offering precision and style for those seeking to enhance their fitness journey…
- D-Mart Q1 Profit Up 17.5 Pc to Rs 774 Cr; Sales Soar 18.5 Pc to Rs 14,069.14 Cr 16 July 2024, indianretailer.com Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported a significant 17.45 percent increase in consolidated net profit, reaching Rs 773.68 crore for the June quarter. This growth was largely driven by improvements in sales from general merchandise and apparel segments…
- Macrotech Developers reports 20% growth in sales bookings in Q1 FY25 15 July 2024, realty.economictimes.indiatimes.com As per its latest operational update posted on stock exchanges, the collection from customers rose 12 per cent to Rs 2,690 crore in April-June FY25 from Rs 2,400 crore in the corresponding period of the previous year…
- Institutional investors infuse $637.9 million in Indian real estate in Q1 FY25 15 July 2024, realty.economictimes.indiatimes.com As per the data, institutional investments in the Indian real estate rose 96 per cent in April-June to USD 3.1 billion from USD 1.6 billion in the corresponding period of the previous year…
- At zero dark 100, Flipkart to fire up quick commerce in festive season 15 July 2024, retail.economictimes.indiatimes.com Flipkart is set to open 100 dark stores before the Big Billion Days sale, entering the quick commerce arena. Competition with Zepto, Blinkit, and Swiggy Instamart intensifies during the festive season. Quick commerce growth expected to drive demand with focus on fast deliveries and expanded product offerings…
- DMart’s net profit rises 17.5% to Rs 774 crore in Q1 FY25; apparel and general merchandise shows growth 15 July 2024, retail.economictimes.indiatimes.com Neville Noronha, CEO and Managing Director, DMart said, “Our revenue for Q1 FY 2025 grew by 18.4 per cent. The contribution from general merchandise and apparel continued to improve during the quarter and this is reflected in the gross margin uptick in Q1 FY25 as compared to Q1 FY24.” During the quarter, DMart has opened 6 new stores and the total count stands at 371 as of June 30, 2024…
- Expects consumption uptick in FY25; power brands to drive growth: Dabur Chairman 15 July 2024, retail.economictimes.indiatimes.com “There has also been the emergence of Quick Commerce as a robust channel, which has seen exponential growth. We foresee Q-Commerce to become more significant going forward and are putting in place strategies to capture the opportunities thrown up by this channel,” said Dabur India CEO Mohit Malhotra…
- 1 in every 3 food joints will be QSR by 2028: Report 15 July 2024, retail.economictimes.indiatimes.com The overall QSR market is expected to witness a CAGR of 19% reaching a market size of USD 15.1 billion in 2028, the report said…
- Salad Days adding more cloud kitchens; aims to double its revenue in FY25 15 July 2024, retail.economictimes.indiatimes.com For FY25, Salad Days has planned to penetrate the existing three cities by opening new kitchens and increasing customer retention while experimenting with new sales channels and business lines. It reported a revenue of Rs 35 crore in the previous fiscal that ended March 2024, more than doubling its revenue of Rs 15.8 crore in FY23. This fiscal, it is targeting to double its FY24 revenue and grow 100 per cent…
- After world domination, a smooth shift: Long single, rare malt finds love back home 15 July 2024, retail.economictimes.indiatimes.com Indian single malts like The Godawan 100 and Rampur Signature Reserve are gaining popularity domestically and internationally among affluent buyers…
- Hyderabad emerges as luxury market to watch with surge in rich list 15 July 2024, retail.economictimes.indiatimes.com Hyderabad, now a luxury hub, has 87 names on the 2023 Hurun Rich list, attracting brands like Sabyasachi Mukherjee and Rahul Mishra. Radisson Collection and Hansgrohe India expand here. Q1 2024 saw a 28% upscale growth. Fashion sales rise, notes Malvika Poddar. Banjara Hills welcomes VRK by Khanna Jewellers. Anas Rahman Junaid and Nikhil Sharma highlight the market’s potential…
- FMCG billionaire brand club swells in FY24 15 July 2024, financialexpress.com More brands from organised players in the domestic fast-moving consumer goods (FMCG) space are joining the billionaire club each year, as the shift towards consumption of branded products gains traction…
- Indian AC industry likely to double in next 4 years: Blue Star 15 July 2024, retail.economictimes.indiatimes.com Blue Star forecasts a significant growth in the air-conditioning industry in the next four years, driven by factors such as low penetration of room ACs and increasing middle-class consumers with high disposable incomes. The company’s strategic plans aim to capitalize on emerging opportunities…
- Nothing Before Coffee Hits 64 Stores Milestone, Targets 100 Cr Revenue by 2025 15 July 2024, indianretailer.com India’s fastest-growing coffee chain, Nothing Before Coffee (NBC), has announced the opening of its 64th store in Pune. NBC now boasts 64 outlets nationwide, having added over 17 new locations in the second quarter alone, providing high-quality, flavorful brewed coffee and beverages at affordable prices to a broader audience…
- How to Start a Shoe Business in 14 Steps: A Hands-On Guide 15 July 2024, indianretailer.com Everyone has shoes in their wardrobe, and people like buying good shoes. Therefore starting a shoe business can be an exciting and rewarding venture, but there is always a right strategy to kick start, the perfect push, isn’t it?…
- Jimmy’s Cocktails Profitable in FY’24, Expands into Energy Drinks 15 July 2024, indianretailer.com Jimmy’s Cocktails, a prominent name in the cocktails and mixers category in India, achieved profitability in FY’24. As part of its strategy to build a premium beverage portfolio, the company is now focusing on the fast-growing energy drinks segment with its brand Hustle…
- Chef Kartik to Lead Azure Hospitality’s Culinary Operations 15 July 2024, indianretailer.com Azure Hospitality has appointed Chef Kartik as the new Regional Chef. With a wealth of experience and a distinguished career, Chef Kartik is expected to enhance the culinary offerings across Azure Hospitality’s various establishments…
- “Young Crowd, Single Living & Socio-cultural Acceptance to Fuel Growth in Alcohol Segment” 15 July 2024, indianretailer.com World of Brands is a disruptive technology-first company with solutions in consumer-tech and fin-tech, which also owns, partners, and acquires relevant alcobev brands, across trending consumer taste segments…
- Clovia x Garfield Join Forces to Launch New Latest Sleepwear Collection 15 July 2024, indianretailer.com Clovia has announced the launch of its fresh collection on its Facebook platform, introducing a delightful range of nightwear featuring the beloved Garfield character…
- New DIY Water Purifiers by Acer Simplify Filter Changes for Indian Consumers 15 July 2024, indianretailer.com After successfully introducing Acerpure India, Acer has now entered India’s water purifier market with the launch of the Acerpure Amrit series. This new lineup features three models – Acerpure Amrit RO, Amrit Elite – RO+UV, and Amrit Supreme – RO + UV + Alkaline – each tailored to meet diverse consumer needs and showcasing…
- Consortium Gifts X Shantnu-Nikhil Unveils Premium Corporate Gifts 15 July 2024, indianretailer.com Consortium Gifts, a prominent corporate gifting company in Asia has introduced an exclusive premium range of corporate gifts designed by the illustrious Shantnu-Nikhil…
- Lakmē X Nykaa Collaborate to Launch Two New Products in Skin Stylist Range 15 July 2024, indianretailer.com House of Lakmē, India’s pioneering skincare and makeup brand, in partnership with Nykaa, India’s leading beauty and lifestyle destination, has launched two exciting new additions to their Skin Stylist collection: the Lakmē Lumi Lit Shimmer Lotion and the Lakmē CC Tinted Serum…
- Why Food and Groceries Sector Emerging as the New Focus in Retail Investment 15 July 2024, indianretailer.com The clink of a full pocket after salary day may have got you thinking about how much you have to spend on groceries and food. Are all those food delivery app orders stacking up? You’re not alone. As incomes rise, spending…
- Purvankara Added 3.25 Million Sq ft Land Bank This Quarter 13 July 2024, rprealtyplus.com In its latest business updates Purvankara Limited revealed it has added land bank 3.25 msft in this quarter. Acquisition of a 12.77-acre land parcel at Ghodbunder Road in Thane, MMR with a total potential carpet..
- Sunteck Realty’s sales bookings up by 29.7% in Q1 FY25 13 July 2024, realty.economictimes.indiatimes.com “We had pre-sales of ~Rs 502 crores in Q1 FY25, up 29.7% on year-on-year basis,” Sunteck Realty said in a regulatory filing…
- Brookfield Announces Equity Investment In Leap Green Energy 13 July 2024, rprealtyplus.com Brookfield announced an equity investment in Leap Green Energy (“Leap Green” or “Company”), a renewables platform based in Tamil Nadu and focused on providing clean energy solutions to commercial and industrial (“C&I”) customers…
- India’s retail inflation accelerates to 5.1% in June as food inflation nearly doubles YoY 13 July 2024, retail.economictimes.indiatimes.com In June, India’s retail inflation rose to 5.08% annually from a 12-month low of 4.75% in the previous month, according to government data. Factors contributing to the increase include heatwaves, below-normal monsoon rains, and higher prices for fruits and vegetables. Food inflation specifically rose to 9.55% in June, with items like tomatoes, onions, and potatoes experiencing significant price hikes due to weather-related disruptions in agricultural production…
- Oppo expects to maintain double-digit growth in Reno series sales 13 July 2024, retail.economictimes.indiatimes.com While speaking on the sidelines of Reno 12 series smartphones, Oppo head of product strategy Peter Dohyung Lee said the company is working to make AI features available in entry-level smartphones…
- Zepto promotes Devendra Meel to chief business officer 13 July 2024, retail.economictimes.indiatimes.com Zepto has announced the elevation of Devendra Meel to the chief business officer, effective July 2024. Meel will spearhead category management and foster brand partnerships, ensuring optimal assortment, pricing, availability, and growth of all core categories on the platform…
- Retail space demand rises by 15% in shopping malls in Q1 FY25: Report 13 July 2024, retail.economictimes.indiatimes.com As per the data, the leasing activities in shopping malls rose to 6,12,396 square feet during April-June 2024 from 5,33,078 square feet in the year-ago period…
- Panel Discussion: Retail’s New Playbook Navigating Uncertainty in a Volatile Global Market 13 July 2024, retail.economictimes.indiatimes.com Unlock the secrets to thriving in a volatile global market at our Panel Discussion: ‘Retail’s New Playbook – Navigating Uncertainty.’ Don’t miss the insights!..
- Panel Discussion on Glocal Vogue Highlighting Global Trends Reshaping How India Shops 13 July 2024, retail.economictimes.indiatimes.com Join our Panel Discussion on Glocal Vogue: Highlighting Global Trends Reshaping How India Shops. Discover the latest insights and innovations…
- Shoppers Stop’s Intune enters Delhi NCR market through Elan Miracle Mall 13 July 2024, retail.economictimes.indiatimes.com Intune currently is competing with the likes of similar value formats such as Trent’s Zudio and Landmark’s Max Fashion. Earlier, Shoppers Stop shared that it is planning to open 60 Intune stores in this fiscal year 2025 backed by strategic investments in merchandising, store operations, and customer analytics capabilities...
- Uniqlo operator lifts annual net profit forecast 13 July 2024, retail.economictimes.indiatimes.com The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320 billion yen…
- PepsiCo global chief Ramon Laguarta sees ‘massive opportunity’ in India 13 July 2024, retail.economictimes.indiatimes.com “The opportunity is massive. We are investing in the brands, making sure that we build the scale to capture what is going to be a high demand market for many, many years,” PepsiCo chairman Ramon Laguarta said…
- DMart Q1 Preview: Increasing footfalls, store count to drive 21% jump in profit 13 July 2024, moneycontrol.com Rakesh Damani-led Avenue Supermarts (DMart) is set to present its earnings report for the first fiscal quarter of FY25 on July 13. High productivity and additions in footprints are likely to drive the retail major’s sales in the high-teens…
- Panel Discussion on Power of Personalization Enhancing Customer Experiences in Retail Through Data 13 July 2024, retail.economictimes.indiatimes.com Dive into the ‘Power of Personalization: Enhancing Customer Experiences in Retail Through Data’ panel discussion. Discover how data-driven insights are transforming retail!..
- ETtech Deals Digest: Startup funding slips 22.5% to $70 million in July second week YoY 13 July 2024, retail.economictimes.indiatimes.com Startups in Bengaluru raised $70 million in the second week of July, a 22.5% decrease from last year. Funds were raised mostly at the seed and early stages, through 14 rounds, compared to 31 in the same period last year…
- Panel Discussion on Building a Sustainable Era How Retailers and Shopping Centres Lead the Way 13 July 2024, retail.economictimes.indiatimes.com Watch the inspiring session video on ‘Building a Sustainable Era: How Retailers and Shopping Centres Lead the Way.’ Dive into the future of sustainable retail…
- Shoppers Stop plans large-format standalone outlets, will also house Aditya Birla Group’s The Collective 13 July 2024, retail.economictimes.indiatimes.com Shoppers Stop declined to comment. Since its inception over three decades ago, Shoppers Stop has been mostly selling merchandise for the masstige or bridge-to-luxury segment. The decision to foray into luxury retailing comes amid a spike in the number of wealthy people in the country. “For us, premiumisation is not just selling luxury products…but (if) a person who used to buy from the roadside has now started buying from the mall, (that) is also a premiumisation,” Kavindra Mishra, managing director and CEO of Shoppers Stop, had told ET last month…
- India’s GeM platform to become world’s largest this fiscal; procurement through crosses Rs 1.24 lakh cr in Q1 13 July 2024, retail.economictimes.indiatimes.com “GeM has clocked a gross merchandise value of Rs 1,24,761 lakh crore at the end of first quarter, representing a quarter-on-quarter growth of 136 per cent over last year’s Rs 52,670 crore,” GeM CEO Prashant Kumar Singh told reporters here…
- At FMCG box office, rural to script summer blockbuster 13 July 2024, retail.economictimes.indiatimes.com This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment…
- PepsiCo quarterly revenue misses on slowing demand for snacks, sodas 13 July 2024, retail.economictimes.indiatimes.com Analysts have said that product prices, which are starting to normalize almost after two years of multiple hikes, are still higher than the pre-pandemic levels, giving packaged-food companies such as PepsiCo little room to raise prices as volumes shrink…
- Top 10 Air Cooler Brands in India 2024: Ultimate Cooling Choices 13 July 2024, indianretailer.com Feeling the heatwave taking over your life? Don’t sweat it! With scorching temperatures and rising electricity bills, staying cool is more important than ever. Luckily, brands like Blue Star, Crompton, Voltas, and Bajaj, known for being some of the best air cooler brands in India, have you covered…
- Difference between Supermarket and Hypermarket 13 July 2024, indianretailer.com The ones responsible for the high amounts of market value in India and rapid growth among all others are Supermarkets and Hypermarkets. It’s expected that in 2026 the retail market value of India will reach $1.7 trillion, with super and hypermarkets being important drivers of it…
- India’s FMCG Market to Grow from $121.8 Bn in 2023 to $615.87 Bn by 2027 13 July 2024, indianretailer.com The fast-moving consumer goods (FMCG) sector in India is witnessing significant growth driven by consumer demand and price hikes, particularly for essential items. As of 2023, the FMCG market has reached a valuation of $121.8 billion…
- Fonebox Retail Plans Expansion with 25 New Stores in Maharashtra 13 July 2024, indianretailer.com Fonebox Retail Ltd., a prominent Gujarat-based retailer specializing in mobile devices and consumer durables, is venturing into Maharashtra with ambitious plans to open more than 25 retail outlets across the state…
- After Rs 500 Crore ARR in 4.5 years, The Sleep Company Targets 200 Stores in 12 Months! 13 July 2024, indianretailer.com Revolutionizing the traditional mattress industry, TSC leads on the front foot with 100 company-owned-company-led stores. Remarkably, it’s India’s fastest D2C brand to reach this milestone within two years of launching its first store in Bengaluru in June 2022…
- Crocs and Apparel Group Form Strategic Partnership in India 13 July 2024, indianretailer.com Retail conglomerate Apparel Group has announced a collaboration with the renowned footwear brand Crocs, making Apparel Group the Exclusive Retail Licensee for Crocs’ footwear in the northern and eastern regions of India…
- Dabur NewU Expands with 4 New Stores, Aims to Double Store Count 13 July 2024, indianretailer.com NewU, a prominent beauty and personal care brand, has unveiled the opening of four new stores across India, highlighting a significant step forward in its ambitious growth strategy…
- Difference between Retail and Visual Merchandising: Grow Your Business Idea 13 July 2024, indianretailer.com Have you ever wondered what attracts us when we visit a store? Is it the decorative mannequins or the styling or the aesthetic setting; or the kind of products that are available?..
- How Orange Tree Became a Leader in India’s Furniture Market with State-of-the-Art Manufacturing 13 July 2024, indianretailer.com India’s furniture market is booming, and is mostly controlled by the unorganized sector. The local carpenters can copy designs at a fraction of the cost. In this labyrinth, there are a few home-grown furniture and décor brands..
- Looks Privè Opens 8th Outlet at Pacific Mall, Delhi 13 July 2024, indianretailer.com Looks Privè has announced the launch of its eight outlet in the vibrant city of New Delhi, situated in the Pacific Mall, Tagore Garden. This latest addition signifies a significant milestone for the brand, reinforcing its role as a leader in the beauty and wellness sector…
- FMCG Player Bikano Introduces ‘Bombay Mixture’ 13 July 2024, indianretailer.com Bikano, a key player in India’s traditional snacks sector, has unveiled its latest offering, the Bombay Mixture. This new flavor aims to satisfy the varied and evolving taste preferences of snack enthusiasts nationwide and beyond…
- Versuni Names Erik Van den Enden as Chief Financial Officer 13 July 2024, indianretailer.com Versuni, a leading home appliance company formerly known as Philips Domestic Appliances, has announced the appointment of Erik Van den Enden as Chief Financial Officer, effective September 1, 2024…
- Myntra Partners with Twid to Offer Reward Point Payments 13 July 2024, retail.economictimes.indiatimes.com Fashion and lifestyle e-commerce platform Myntra has announced a partnership with rewards-based payment network Twid. The company stated that this collaboration allows Myntra’s customers to use their reward points for…
- Indian E-commerce Market to Reach $163 Bn by 2026, Poised for Global Second Place by 2034 13 July 2024, indianretailer.com The Indian e-commerce industry has experienced unprecedented growth, establishing itself as a key player in the global market. With a rapidly expanding internet user base and increasing smartphone penetration, the industry is projected to reach remarkable milestones in the coming years…
- Orgatre Introduces Enhanced Hair Growth Oil for Men and Women 13 July 2024, indianretailer.com Orgatre has reintroduced its advanced hair care product for both men and women – a revitalized hair growth oil enriched with the innovative Vitamils blend…
- Colorbar Unveils AI-Powered Website 2.0 13 July 2024, indianretailer.com Colorbar Cosmetics, one of India’s leading beauty brands, has launched its upgraded website, integrating advanced AI and AR technologies to offer a unique retail experience in India…
- The Face Shop Launches Revolutionary Vitamin Lip Sleeping Mask 13 July 2024, indianretailer.com The Face Shop, leading the charge in India’s K-Beauty scene, has introduced a groundbreaking addition to its skincare lineup: The Vitamin Lip Sleeping Mask. This innovative product promises to revolutionize lip care with…
- How Monin Became a Retail & HoReCa Sensation with Double-Digit Growth in India 13 July 2024, irecwire.com In a market teeming with flavors and fierce competition, Monin, the century-old French syrup giant, has emerged as a sensation in India…
- “We as Indian Society should Learn Sustainability from our Home,” Atul Kochhar 13 July 2024, irecwire.com Whenever I come back to India my heart is filled with joy and happiness to see how the hospitality industry is growing and progressing…
- Novotel Kolkata Introduces Eco-Conscious Green Plate Brunch 13 July 2024, indianretailer.com Novotel Kolkata Hotel and Residences is pleased to announce The Green Plate Brunch at The Square, scheduled for the 7th, 14th, and 21st of July 2024. This innovative dining event focuses on eco-consciousness and..
- Ashwin Sheth Unveils New Logo And Growth Vision 10 July 2024, rprealtyplus.com Ashwin Sheth Group, a renowned name in the luxury real estate market in the MMR region, proudly announces its rebranding initiative to celebrate its remarkable 38 years of legacy, culminating in a 3x growth and planned entry into other key metros…
- Mall Vacancy Rates Decline In Q2 2024 10 July 2024, rprealtyplus.com Cushman & Wakefield report highlights the continued dominance of main street retail leasing, owing to limited new mall openings and a strong demand for high-quality retail spaces…
- Price cuts fail to speed up FMCG sales as urban India takes it slow 10 July 2024, retail.economictimes.indiatimes.com FMCG sales growth has slowed down in both urban and rural areas despite price cuts. Factors such as heat waves, election-related restrictions, and reduced cash-buying have impacted demand. Analysts foresee a potential rural-led recovery in the second half of FY25, with expectations of muted value growth and potential volume growth for staple companies…
- Food deals on investor menu as VCs hunger for F&B companies 10 July 2024, retail.economictimes.indiatimes.com Coffee, burgers, dosas and other brands scoop up new capital. Venture funds are investing in brands like FirstCoffee, AbCoffee, Café Amudham, Curefoods’ Eatfit, Cakezone, aided by Sujeet Kumar, Binny Bansal. Curefoods seeks Rs 100 crore expansion…
- Stalwarts from e-comm and D2C industry to converge at the 4th edition of E-commerce and Digital Natives Summit 2024 on Sept 4-5 10 July 2024, retail.economictimes.indiatimes.com The E-commerce and Digital Natives Summit 2024 boasts of more than 20 knowledge-sharing sessions, 150+ speakers and 40+ exhibitors…
- Food services sector may grow at 8% CAGR in 2024-28: NRAI report 10 July 2024, retail.economictimes.indiatimes.com The food services sector in India is set to grow at a CAGR of 8.1% from 2024-2028, reaching Rs 7.8 lakh crore by FY28. According to the report, rising incomes, urbanisation and changing lifestyles are significantly increasing the frequency of dining out…
- Dabur NewU adds 4 new stores, plans to double store count 10 July 2024, retail.economictimes.indiatimes.com The company which targets millennials and Gen-Z consumers, currently runs 115 outlets in more than 50 cities…
- Rethinking retail strategies for the omnichannel era | Kinchit Shah, Ekart 10 July 2024, retail.economictimes.indiatimes.com Kinchit Shah, Senior Director, Ekart shares his insights for online and offline purchases. The strategies that should be implemented for omnichannel retailers…
- Designer Gaurav Gupta takes on fashion fakes 10 July 2024, retail.economictimes.indiatimes.com Fashion designer Gaurav Gupta is combatting counterfeit luxury products in India, filing nine lawsuits in the Delhi High Court. Gupta, whose designs are worn by stars like Beyonce and Cardi B, seeks ₹2 crore in damages from each counterfeiter and aims to secure restraining orders…
- Kellogg’s gives Chocos a multi-grain revamp in India 10 July 2024, thehindubusinessline.com Kellanova India has decided to relaunch its leading breakfast cereal product Kellogg’s Chocos as Multigrain Chocos. This is in line with the packaged food major’s strategy to grow the household penetration of its breakfast cereals portfolio in the country…
- Gopal’s Sweets to invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone 10 July 2024, retail.economictimes.indiatimes.com Gopal’s Sweets is investing Rs 150 crore to establish a manufacturing unit in the Mohali Industrial Economic Zone (MIEZ). Spread over 150 acres, MIEZ plans to expand to 500 acres, offering strategic connectivity. The unit will process Punjab’s farm products, enhancing local agricultural operations…
- MINISO Reopens Enhanced Store at DLF Mall of India 10 July 2024, indianretailer.com MINISO, a global lifestyle brand, has reopened its upgraded store at the DLF Mall of India. This event marks a significant moment as it introduces MINISO’s first pink-themed store in India…
- EMotorad Expands Physical Presence with Opening of 12th Exclusive Store in Nagpur 10 July 2024, indianretailer.com EMotorad, India’s foremost electric cycle company, has celebrated the grand opening of its latest flagship store in Nagpur, marking a significant step in its offline expansion strategy to enhance customer engagement…
- Wooden Street Opens 98th Furniture Store at Marina Mall, Chennai 10 July 2024, indianretailer.com Wooden Street, a leading name in India’s retail furniture industry, has announced the opening of its 98th store in the prominent Marina Mall in Chennai…
- 10 Best Brandy Brands in India 2024 10 July 2024, indianretailer.com Brandy is becoming Trendy in the Indian market. Brandy is a liquor based on the wine distillation process. Having a PV of 35-60%, 70-120 US proof, brandy is often served as a digestive…
- Shopsy Celebrates Three Years with 330 Mn App Downloads 10 July 2024, indianretailer.com Shopsy, India’s rapidly growing hyper-value platform, commemorates its third anniversary with an impressive milestone of surpassing 330 million app downloads nationwide…
- Top 10 Smart TV Brands in India | Price, Features and More 10 July 2024, indianretailer.com Do you wish to binge-watch your favorite series or movies sitting on a couch on a big screen? With just a few presses on a remote, play anything you want on a smart TV…
- Top 10 Smart TV Brands in India | Price, Features and More 10 July 2024, indianretailer.com Do you wish to binge-watch your favorite series or movies sitting on a couch on a big screen? With just a few presses on a remote, play anything you want on a smart TV…
- ONDC Reports 10 Mn Monthly Transactions in June 10 July 2024, indianretailer.com According to the latest Equirus Securities India Equity Research BFSI sector report released on July 7, the Open Network for Digital Commerce (ONDC), backed by the government, achieved a significant milestone in June 2024 by processing 10 million monthly transactions…
- Xiaomi Targets 700 Mn Shipments in India Over Next Decade 10 July 2024, indianretailer.com Chinese smartphone giant Xiaomi has set ambitious targets for its operations in India, aiming to double its device shipments to 700 million over the next decade…
- Signature Global Pre-Sales Grow 255% In Q1-FY25 09 July 2024, rprealtyplus.com Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved pre-sales of INR 31.2 billion in Q1 FY25 with year-on-year growth of 255%…
- Fitch Assigns CapitaLand India Trust ‘BBB-‘ Rating 09 July 2024, rprealtyplus.com Fitch Ratings has assigned Singapore-listed CapitaLand India Trust (CLINT) a first-time Long-Term Issuer Default Rating (IDR) of ‘BBB-‘. The Outlook is Stable…
- Ajmera Realty & Infra’s sales bookings up 36% to Rs 306 crore in Q1 FY25 09 July 2024, realty.economictimes.indiatimes.com In a statement, Dhaval Ajmera, Director at Ajmera Realty & Infra India, said the company achieved robust growth of 36 per cent buoyed by the successful launch of its project ‘Ajmera Vihara’ at Bhandup in Mumbai…
- Reliance Retail’s gearing up to do a Decathlon 09 July 2024, retail.economictimes.indiatimes.com Reliance Retail plans a sports format to rival Decathlon, targeting 8,000-10,000 sq ft spaces with play areas post-Covid. Athleisure demand surged, filling a retailer gap in India. Leading sports brands saw 35-60% sales growth since FY21. Decathlon’s FY23 revenue hit ₹3,955 crore. FDI rules impact Decathlon’s operations. India’s 1.4 billion population drives market growth…
- Singer India to expand distributor network, revamp stores to strengthen its position further 09 July 2024, retail.economictimes.indiatimes.com At present, the company offers more than 100 SKUs in the sewing machine category and more than 190 SKUs in the appliances category…
- Retailers focusing on main streets for new store opening 09 July 2024, retail.economictimes.indiatimes.com According to Cushman & Wakefield, the continued dominance of main street retail leasing is owing to limited new mall openings and a strong demand for high-quality retail spaces…
- Label-playing field welcome in F&B 09 July 2024, retail.economictimes.indiatimes.com Emphasis on labelling sugar, salt, and fat content; critics worry about RDA manipulation. Firms lower harmful ingredients, seeing healthier profits. Declining poverty sees rise in unprocessed food use. Firms align with international norms, use labelling for disease awareness. Strengthening health-profits link, incentivizing self-regulation, GoI reduces intervention as critics seek stricter rules…
- Retailers call out rampant fraud, press no on easy EMIs for phones 09 July 2024, retail.economictimes.indiatimes.com Mobile phone retailers are calling for an end to financing schemes after reporting 10-12% fraudulent purchases. They are advocating for open-box deliveries and biometric verification to prevent misuse. Apple is aware of the issue, but no significant action has been taken yet…
- ONDC monthly transactions hit 10 million in June: Report 09 July 2024, retail.economictimes.indiatimes.com The open network has been adding one million transactions per month over the past two months, exhibiting strong growth…
- Godrej Consumer Products sees double digit volume growth in Q1 09 July 2024, thehindubusinessline.com Fast-Moving Consumer Goods (FMCG) maker Godrej Consumer Products stated that the domestic market remained soft during the quarter with high-single-digit organic volume and mid-single-digit value growth…
- PVR Inox inks strategic partnership with Amazon Pay 09 July 2024, retail.economictimes.indiatimes.com PVR Inox and Amazon Pay have joined forces to enhance payment options for moviegoers in India. Customers can now enjoy secure transactions using Amazon Pay’s solutions including UPI, Amazon Pay Balance, and Amazon Pay Later. The partnership aims to provide a convenient and rewarding experience for cinema enthusiasts…
- RCB’s fours and sixes lift United Spirits’ scorecard in FY24 09 July 2024, retail.economictimes.indiatimes.com United Spirits (USL) saw a significant boost in net profit in 2023-24, with about 16% attributed to its cricket team, Royal Challengers Bangalore (RCB), whose revenue more than doubled. RCB’s revenue surged to Rs 650 crore, with a net profit of Rs 222 crore, largely due to increased central rights income from the BCCI. USL, the largest liquor maker in India, reported sales of Rs 25,724 crore, with a net profit of Rs 1,312 crore…
- Centre working on a scheme for Indian electronics brands 09 July 2024, retail.economictimes.indiatimes.com “It doesn’t matter whether the tape out happens in Taiwan or Korea. It doesn’t matter where it gets manufactured. If the Indian brands are globally recognized, the rest of the (electronics) ecosystem will follow,” Union ministry of electronics and information technology (MeitY) secretary S Krishnan stressed the importance of creating local electronics brands…
- Birla Opus Paints steps up distribution to 300 towns 09 July 2024, financialexpress.com Birla Opus, the latest entrant in the Rs 70,000-crore domestic decorative paints market, has increased its distribution within six months of launch, covering over 300 towns with a population in excess of 100,000, industry sources have told FE…
- Wooden Street Opens 98th Furniture Store at Marina Mall, Chennai 09 July 2024, indianretailer.com Wooden Street, a leading name in India’s retail furniture industry, has announced the opening of its 98th store in the prominent Marina Mall in Chennai…
- The Retail Transformation: How 7.6% Economic Growth in FY24 is Redefining India’s Market! 09 July 2024, indianretailer.com The global economic environment in FY24 has been marked by significant challenges, including the ongoing conflict in Ukraine, rising inflation, tightening monetary policies, and disrupted global supply chains…
- Titan Records 9 Pc Revenue Growth in Q1, Expands with 61 New Stores 09 July 2024, indianretailer.com Titan, a leading jewelry and watchmaker under the Tata Group, announced a robust standalone revenue growth of 9 percent for the first quarter ending June 30, 2024…
- Embracing Unified Commerce in FMCG 09 July 2024, indianretailer.com In the dynamic landscape of Fast-Moving Consumer Goods (FMCG), companies face unique challenges when trying to implement unified commerce, primarily due to the lack of direct control over retail front-end operations…
- FMCG Sector Anticipates Revenue Growth of 7-9 pc This Fiscal Year 09 July 2024, indianretailer.com The fast-moving consumer goods (FMCG) sector is poised for a notable revenue increase of 7-9 percent this fiscal year, driven by higher volume growth…
- Nykaa Projects Strong Revenue Growth Amid Fashion Market Challenges 09 July 2024, indianretailer.com In a recent filing with BSE, FSN E-Commerce Ventures, the parent company of Nykaa, forecasted a consolidated revenue growth of around 22-23 percent year-on-year for the first quarter of 2024-25 (FY25)…
- SignatureGlobal (India) reports pre-sales of Rs 31.2 billion in Q1 FY25 08 July 2024, realty.economictimes.indiatimes.com SignatureGlobal (India)’s collections in Q1 FY25 grew by 102% to Rs 12.1 billion. Net debt reduced by 16% to Rs 9.8 billion at the end of Q1 FY25 in comparison to Rs 11.6 billion as at the end of FY24…
- Swiggy Instamart to focus on household consumption, immediate use cases products, says head 08 July 2024, retail.economictimes.indiatimes.com Swiggy Instamart head Phani Kishan Addepalli said the quick commerce platform’s focus will continue to be on items of household consumption and those with immediate use cases, even as the company tries to expand beyond groceries and every day products. He was speaking at the India Health Snacking Summit in Delhi. ..
- Future group’s FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end 08 July 2024, retail.economictimes.indiatimes.com Future Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 crore as of June 2024…
- Zepto is hyperlocal Walmart of India, will focus on top 40 cities: CEO Aadit Palicha 08 July 2024, retail.economictimes.indiatimes.com Zepto, a quick commerce platform in India, raised $665 million in funding, valuing the company at $3.6 billion. The CEO sees Zepto as a hyperlocal Walmart focusing on groceries and household essentials. The company plans to expand its dark stores to 700 to compete with rivals like Blinkit and Swiggy Instamart. Zepto aims to capitalize on the massive market opportunity in the top 40 cities of India…
- Nykaa expects consolidated revenue to rise 22-23% in April-June quarter 08 July 2024, retail.economictimes.indiatimes.com In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year…
- Indians like to have a swig of premium beer 08 July 2024, retail.economictimes.indiatimes.com Premium beers significantly outpaced the overall beer market in FY24, with a 25-30% volume growth compared to the 8-10% growth of the beer category. Bira91’s Taproom pubs in Ludhiana are finding success with flavored premium beers, challenging stereotypes in Punjab…
- FSSAI to mandate displaying nutritional information on food labels in bold, increased font size 08 July 2024, retail.economictimes.indiatimes.com Aimed at empowering consumers to be better informed about the nutritional value of food products, the Food Safety and Standards Authority of India (FSSAI) has approved a proposal to display nutritional information of total sugar, salt and saturated fat on labels of packaged food items…
- Over 7,000 farmer bodies join e-tailing platform ONDC 08 July 2024, financialexpress.com Agriculture ministry starts scheme to train FPOs in business development With more than 7,000 farmers’ collectives on board the government’s e-commerce platform Open Network for Digital Commerce (ONDC), the agriculture ministry has started to train these entities on packaging, branding, marketing, credit linkages with banks, digital payments and statutory compliance….
- Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos 08 July 2024, retail.economictimes.indiatimes.com Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season…
- Gold outpaces major assets with 12% surge in 2024 08 July 2024, retail.economictimes.indiatimes.com Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes. Gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. As we look forward, the key question in investors’ minds is whether gold’s momentum can continue or if it’s running out of steam…
- ‘Flavour is going to be a strong driver for growth’: Manvendra Shukla, global CEO, CG Foods (Wai Wai) 08 July 2024, financialexpress.com “We have a very unique buy proposition, which explains the kind of share we hold in the Indian noodle space,” says Manvendra Shukla, global chief executive officer of CG Foods, the brand behind the popular Wai Wai noodles…
- Quick Commerce: Becoming a preferred platform for D2C brands 08 July 2024, indianretailer.com In the dynamic landscape of beauty & personal care online, quick commerce is emerging as a game-changer, especially for D2C brands. Quick commerce, characterized by ultra-fast delivery times—often within minutes—not only caters to modern consumers’ growing demand for speed, convenience, and efficiency, but is also emerging as a platform where consumers discover and engage with brands that are more their “type”…
- boAt and Shruti Haasan Launch Bassheads 122 ANC: Rediscover Classic Bass 08 July 2024, indianretailer.com boAt, India’s leading audio wearable brand, has joined forces with the versatile actress and singer Shruti Haasan to introduce the all-new Bassheads 122 ANC wired earphones…
- Akka Luxury Brands Pvt. Ltd. Acquires Exclusive Global Rights for Reebok Cricket 08 July 2024, indianretailer.com Akka Luxury Brands Pvt. Ltd., a prominent retail specialist firm, has announced its acquisition of the global rights for Reebok Cricket. Following their successful venture into Reebok Cricket Gear licensing for the Indian sub-continent, this expansion marks a significant milestone in Akka Luxury Brands’ journey within the global sports and fitness retail industry…
- Health and Wellness Trends: How Pickle Brands are Adapting to Consumer Preferences 08 July 2024, indianretailer.com In today’s dynamic and health-conscious consumer landscape, the food industry is witnessing a significant shift towards products that not only tantalize the taste buds but also offer health benefits. One such category that has been undergoing a remarkable transformation is pickles…
- Quick Commerce: Becoming a preferred platform for D2C brands 08 July 2024, indianretailer.com In the dynamic landscape of beauty & personal care online, quick commerce is emerging as a game-changer, especially for D2C brands. Quick commerce, characterized by ultra-fast delivery times—often within minutes—not…
- Vedant Fashions Inaugurates Latest Manyavar-Mohey Store in Bengaluru 08 July 2024, indianretailer.com Vedant Fashions Ltd., a Kolkata-based retailer specializing in ethnic wear, recently opened a new store featuring both its renowned brands Manyavar and Mohey in Bengaluru. This latest addition is situated at Orion Mall, Rajajinagar, Bengaluru…
- FNP Launches ‘Retail Shine’ Outlet in Gurgaon 08 July 2024, indianretailer.com India’s largest gifting company, renowned for its extensive online and offline presence both domestically and internationally, proudly announces the opening of its latest COCO (Company Owned Company Operated) store under the innovative ‘Retail Shine’ concept in Sector 46, Gurgaon…
- West Bengal Govt Withdraws 2% Stamp Duty & 10% Circle Rate Cut 06 July 2024, rprealtyplus.com The West Bengal government announced the withdrawal of the temporary relief measures provided to the real estate sector that included a two per cent reduction in stamp duty and a 10 per cent slash in the circle rate, effective from Monday…
- Institutional Investment In Indian Real Estate Touches 3 Year High 06 July 2024, rprealtyplus.com After a steady start in Q1 2024, Q2 2024 saw accelerated momentum, registering USD 2.5 billion of inflows—the highest in any quarter since 2021…
- Knight Frank India Facilitates JDA For Brigade Enterprise Ltd 06 July 2024, rprealtyplus.com Knight Frank India, a leading international real estate consultancy, has successfully facilitated a Joint Development Agreement (JDA) for a land parcel of approximately 8 acres located in the West Bengaluru micro-market…
- Coffee Day Enterprises’ total default at Rs 433.91 crore in Q1 FY25 06 July 2024, retail.economictimes.indiatimes.com Coffee Day Enterprises Ltd (CDEL) reported a total default of Rs 433.91 crore on interest and principal payments to banks, financial institutions, and holders of unlisted debt securities like NCDs and NCRPS for the quarter ending June 30, 2024. The company attributed the delay in debt servicing to a liquidity crisis…
- Adani Wilmar reports 13 pc volume growth in June quarter 06 July 2024, retail.economictimes.indiatimes.com Edible oil major Adani Wilmar announced on Friday that it reported a 13 percent volume growth in the June quarter. This double-digit growth was driven by market-specific strategies aimed at increasing market share, particularly in under-indexed markets. In a business update, the company stated, “In the first quarter of the current fiscal, the company achieved robust volume growth of 13 percent YoY.”..
- Titan reports 9 pc revenue growth in Q1, adds 61 stores 06 July 2024, retail.economictimes.indiatimes.com “The auspicious week of Akshaya Tritiya witnessed double-digit growths (in Tanishq secondary sales) compared to the same period last year. However, high gold prices and their continued firmness had an impact on consumer demand,” Titan said…
- Marico’s domestic business reports modest uptick on volume in Q1; margins improve 06 July 2024, retail.economictimes.indiatimes.com The company recorded volume growth post adjustments in distributor stock levels and a certain degree of wholesale channel destocking to ensure smoother direct reach expansion, said Marico in its quarterly update for the first quarter…
- Dabur sees improvement in demand, rural growth in Q1 06 July 2024, retail.economictimes.indiatimes.com Demand trends witnessed sequential improvement in the June quarter, with rural growth picking up, homegrown FMCG major Dabur said on Friday. The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real and Vatika…
- 250-300 consumer brands expected to enter the Rs 100 crore revenue club in the next 4-5 years 06 July 2024, retail.economictimes.indiatimes.com As per Elevation Capital, a few categories that have seen pent-up demand post-covid include pet care, luggage, home, and new tech platforms…
- Swiggy launches ‘Eatlists’, a global-first feature in food delivery 06 July 2024, retail.economictimes.indiatimes.com The company said like creating and sharing music playlists, Swiggy’s Eatlists feature will enable food enthusiasts to curate and share their favourite dishes directly within the Swiggy app…
- How grocers are upping their ante to meet evolving consumer needs? 06 July 2024, retail.economictimes.indiatimes.com Consumer behavior in Indian grocery shopping is still experiencing a dramatic shift in terms of online shopping when compared to the majority of the majority of the world…
- World of Brands set to launch craft beer brand in Karnataka 06 July 2024, thehindubusinessline.com AlcoBev startup World of Brands (WoB) looks to expand its domestic market presence and manufacturing set-up as it launches its ready-to-drink craft beer brand in Karnataka in July…
- Mobile phone maker realme partners Sony for upcoming 5G device with AI-imaging feature 06 July 2024, retail.economictimes.indiatimes.com “This collaboration between realme and Sony will see the debut of the world’s first Sony’s LYT-701 camera sensor in the realme 13 Pro Series 5G,” company officials said…
- Jaipur Rugs on a global expansion spree; expects 20% growth in global retail sales this fiscal 06 July 2024, retail.economictimes.indiatimes.com Jaipur Rugs is planning to expand its footprint in Singapore during this quarter. Last week, it opened its third international retail store at Chelsea Harbour in London. The company said it is eyeing 20 per cent growth in overall retail sales from both Indian and international markets through its stores. And expects a 15 per cent increase from global operations, including exports…
- Vedant Fashions Inaugurates Latest Manyavar-Mohey Store in Bengaluru 06 July 2024, indianretailer.com Vedant Fashions Ltd., a Kolkata-based retailer specializing in ethnic wear, recently opened a new store featuring both its renowned brands Manyavar and Mohey in Bengaluru. This latest addition is situated at Orion Mall, Rajajinagar, Bengaluru…
- Bonkers Corner Launches New Outlet at Amanora Mall 06 July 2024, indianretailer.com Pune’s Amanora Mall has announced an exciting addition to its retail lineup with the grand opening of Bonkers Corner, a vibrant fashion and lifestyle brand that has captured the essence of contemporary fashion trends…
- FNP Launches ‘Retail Shine’ Outlet in Gurgaon 06 July 2024, indianretailer.com India’s largest gifting company, renowned for its extensive online and offline presence both domestically and internationally, proudly announces the opening of its latest COCO (Company Owned Company Operated) store under the innovative ‘Retail Shine’ concept in Sector 46, Gurgaon…
- EasyBuy Expands Nationwide with New Large Format Stores 06 July 2024, indianretailer.com EasyBuy, the contemporary value fashion brand, continues its expansion across India with the addition of large format stores in various key locations…
- VR Diamonds Opens New Flagship Store in New Delhi 06 July 2024, retail.economictimes.indiatimes.com VR Diamonds has opened its flagship store in the bustling heart of New Delhi at M-41, GK 1 M Block. This move marks a significant milestone for the brand, known for its luxury and craftsmanship in the retail sector across India…
- 8 Most Expensive Cigarette Brands in India You Must Try in 2024 06 July 2024, indianretailer.com It’s all the first drag – the thrill, the swag, the satisfaction! Smoking a cigarette is more than a temporary sense of relaxation, it’s the choice of life. Holding the slim, white, super-cool stick adds the oomph. So, why not indulge in the best of those that are there on the shelves today…
- Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources 05 July 2024, retail.economictimes.indiatimes.com Zomato’s hyperlocal goods delivery service ‘Xtream’ was rolled out in nearly all the 750-800 cities where the company offers food delivery. Zomato has also removed the Xtream app from Google Play Store as well. The online food delivery giant has more than 300,000 delivery executives nationwide…
- OnePlus names Robin Liu as India CEO 05 July 2024, retail.economictimes.indiatimes.com Chinese smartphone brand OnePlus has named Robin Liu, former head of sales in India and chief executive in North America, to head the business in the South Asian nation, amidst an ongoing boycott by retailers against the brand…
- Del Monte Foods announces Abhinav Kapoor as new CEO 05 July 2024, retail.economictimes.indiatimes.com Abhinav Kapoor was previously vice president, sales at VIP Industries, where he was overseeing P&L, multiple channels and sales, the company said in a statement, adding that Kapoor has over two decades of experience in sales and distribution within consumer businesses. He has previously held leadership positions at Cavinkare, Britannia Industries, Mondelez and Marico, the statement said…
- Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges 05 July 2024, retail.economictimes.indiatimes.com Aditya Jhaver, Director, CRISIL Ratings said,”We expect volume growth of 6-7 per cent in fiscal 2025 from the rural consumers (40 per cent of overall revenue), supported by expectation of better monsoon benefitting agricultural production, and hike in minimum support price supporting farm incomes”…
- PE, VC funding slows in first half of 2024; secondary deals become prominent 05 July 2024, retail.economictimes.indiatimes.com Secondary stake sales and buyouts are driving most of the larger deals being made by private equity (PE) and venture capital (VC) funds in new-age firms, data from investment banking firm DC Advisory showed. In the first six months of 2024, when 37 deals took place in the $50-500 million range, 62% were secondary transactions or buyouts, with external primary investment rounds making up only 13%…
- Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal 05 July 2024, retail.economictimes.indiatimes.com HBC, the parent company of Saks Fifth Avenue, announced on Thursday that it will acquire the department-store chain Neiman Marcus in a $2.65-billion deal. This acquisition is expected to give the companies stronger negotiating power with vendors and better control over costs…
- Chupps appoints Khairav Duggal as CEO 05 July 2024, retail.economictimes.indiatimes.com In this role, Duggal will oversee all aspects of Chupps’ operations by focusing on product development, sourcing, strategic planning and expanding sales channels, including a robust e-commerce presence, according to a statement…
- Malabar Gold opens 2nd store in UK, eyes further expansion 05 July 2024, retail.economictimes.indiatimes.com Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, opened its second UK showroom in Leicester on Thursday. This new 2,000-square-foot store is on Belgrave Road’s Golden Mile. The inauguration was done by Leicester City Mayor Peter Soulsby. The store features over 20,000 jewellery designs from 20 countries. It caters to various wear categories, including bridal and office, the company said in a statement…
- D2C snack brand Let’s Try secures funding from Wipro Consumer Care Ventures 05 July 2024, retail.economictimes.indiatimes.com Let’s Try will use the funds to accelerate growth across both offline and online channels. The New Delhi-based company offers a wide range of snacks including baked, fried, and roasted namkeens. Let’s Try claims to have a revenue run rate of over Rs 50 crore…
- Beverages maker RockClimber plans to raise $5 million, aims Rs 100 crore turnover 05 July 2024, retail.economictimes.indiatimes.com RockClimber targets Rs 100 crore in sales, raising $5 million for expansion and online growth. Launching energy drinks and focusing on quality, they have 140 distributors, mainly targeting the Middle East and Africa. Co-founder Deepak Poduval emphasizes farmer support, tech integration, and mobile fruit processing to overcome challenges like reluctant farmers and price volatility…
- Marico to market and sell Kaya’s personal care products 05 July 2024, retail.economictimes.indiatimes.com We believe that with the potent combination of a brand of Kaya’s stature and Marico’s organized channel reach and digital marketing capabilities, the opportunity to scale up the products business can be another growth driver for us over the next few years,” Saugata Gupta, MD & CEO, Marico said…
- Q-commerce sales double in a year for FMCG majors, now comprise 33-36% of total e-comm sales 05 July 2024, financialexpress.com The share of q-commerce sales within the e-commerce sales for the FMCG companies now stands at 33-36% against 17-18% a year ago…
- Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors 05 July 2024, retail.economictimes.indiatimes.com The Karnataka government engaged in discussions with the major Korean companies to reinforce the state’s economic landscape across gaming, FMCG, and automotive sectors…
- VR Diamonds Opens New Flagship Store in New Delhi 05 July 2024, indianretailer.com VR Diamonds has opened its flagship store in the bustling heart of New Delhi at M-41, GK 1 M Block. This move marks a significant milestone for the brand, known for its luxury and craftsmanship in the retail sector across India…
- Kalyan Jewellers Reports Strong Q1 FY2025 Performance with 27 Pc Revenue Growth 05 July 2024, indianretailer.com The recently concluded quarter has been satisfying for Kalyan Jewellers, showing robust operating performance across India and the Middle East despite extreme volatility in gold prices and a strong base quarter…
- 48 pc of Indian Consumers Willing to Share Data for Personalized Retail Experiences 05 July 2024, indianretailer.com Indian consumers are increasingly prioritizing value-conscious purchases and experiential spending. Inflation has greatly impacted consumer spending, pushing a shift towards value-conscious purchases and a renewed interest in experiences like travel and hospitality…
- KRBL Strengthens Leadership Team with Key Appointments 05 July 2024, indianretailer.com KRBL Limited, known for its flagship India Gate Basmati Rice, the world’s No 1 Basmati Rice brand*, has appointed two key executives to its leadership team. Prabhakar Jha joins as General Manager of Sales and Distribution, while Kamal Kant Kanaujia assumes the role of Deputy General Manager in the marketing team…
- Marico Partners with Kaya to Expand Presence in Advanced Science-Backed Personal Care 05 July 2024, indianretailer.com Marico Limited, a leading FMCG company in India, and Kaya Limited, a well-known provider of dermatological solutions, have announced a strategic collaboration. Marico will exclusively handle the sales and marketing of Kaya’s extensive range of over 75 science-based personal care products outside of Kaya’s clinics…
- Top 10 Perfume Brands for Male in India | Best Scents for Men 05 July 2024, indianretailer.com Raw, musky, sensual – the scent of an alpha male! What is it that a man looks for when he chooses his scent out of the plethora of choices available in the market today? The answer: power. When he walks into a room, he should be perceived as the most successful person there…
- Top 10 Sneaker Brands in India to Keep You Ahead of the Fashion Curve 05 July 2024, indianretailer.com It is widely known that most women are obsessed with shoes. In fact, one of the most coveted real estate areas in a home is the shoe closet. However, this craze has been overtaken by the new breed of collectors…
- India’s Jewelry Market Poised for Explosive Growth, Projected to Reach $145 Bn by FY28 05 July 2024, indianretailer.com India’s jewelry retail sector has witnessed a remarkable growth trajectory, expanding from $50 billion in 2018 to an impressive $80 billion in the financial year 2024, according to a report by Motilal Oswal Financial Services…
- Indians Turn to Alexa for Relief Amid Record Summer Heat 05 July 2024, indianretailer.com As temperatures soared across India this summer, reaching record-breaking highs, many turned to their air conditioners (ACs) and the convenience of Alexa for relief…
- boAt Expands Smartwatch Portfolio with Lunar Oasis 05 July 2024, indianretailer.com boAt has introduced the boAt Lunar Oasis smartwatch, featuring a vibrant 1.43” AMOLED display, advanced Bluetooth calling, and real-time health monitoring, aimed at enhancing the retail experience in India…
- How Delivery-First Model is taking Shape in India 05 July 2024, irecwire.com According to a recent report by Google and Boston Consulting Group (BCG), the Indian food delivery industry is projected to grow from $4 billion in 2019 to over $8 billion by 2023…
- The Little Easy Brings Prohibition-Era Charm to Andheri 05 July 2024, indianretailer.com In a quaint alleyway off the lively streets of Andheri, The Little Easy has emerged as a unique addition to the hospitality scene. This all-day cocktail bar and café capture the essence of the American Prohibition Era, where every sip tells a story and indulgence is an art…
- PE Investment In Indian Real Estate Registers 42% Increase YoY 04 July 2024, rprealtyplus.com Private equity investment inflows into the Indian real estate sector were recorded as USD 1.7 billion (INR 142 billion) during H1 2024, registering a 42% increase YOY…
- Puravankara Acquires 7-Acre Land In Bengaluru With Potential GDV Of Rs. 900 Cr 04 July 2024, rprealtyplus.com Puravankara Limited, one of India’s most trusted and admired real estate developers, has announced the acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru…
- India’s most versatile Real Estate Marketing specialists eye robust growth! 04 July 2024, retail.economictimes.indiatimes.com In the last few months alone, Square One has rolled out powerful success stories in Pune with projects the likes of Envogue, Shubh Tristar and Majestique Evolvus…
- Reliance Industries invests Rs 4,330 cr in retail unit in FY24 04 July 2024, retail.economictimes.indiatimes.com Reliance Industries invested Rs 4,330 crore into its flagship retail company, Reliance Retail, in the past fiscal year, a shift from previous reliance on debt funding. The investment, made through its subsidiary RRVL, included both equity and debt. Reliance Retail transferred its supply chain assets to RLWH at a valuation of Rs 8,000 crore. This move aims to unlock value from assets and improve cash flow, following recent investments by ADIA and KKR in RLWH…
- Reliance’s app, stores may soon sport Shein 04 July 2024, retail.economictimes.indiatimes.com Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores…
- Online food delivery market to grow 18% on-year to Rs 2 lakh crore by 2030: Bain-Swiggy report 04 July 2024, retail.economictimes.indiatimes.com The online food delivery market in India is on a significant growth trajectory, with Zomato leading in market share. Swiggy’s overall gross order value has been increasing, as reported by Prosus. By 2030, the industry is set to witness substantial expansion, driven by convenience and improved customer experience…
- Burger Singh bets big on transit retail in tier II and beyond cities 04 July 2024, retail.economictimes.indiatimes.com This fiscal, the brand is planning to invest Rs 25 crore towards expansion, strengthening its supply chain and marketing…
- Britannia appoints ex-RBI Guv Urjit Patel as independent director 04 July 2024, retail.economictimes.indiatimes.com Britannia has appointed former Reserve Bank of India Governor Dr. Urjit Patel and Atul’s MD Sunil Siddharth Lalbhai as Additional Non-Executive Independent Directors for five consecutive years, effective from July 2, 2024, to July 1, 2029…
- Marico, Kaya to collaborate for sales 04 July 2024, thehindubusinessline.com Fast-Moving Consumer Goods (FMCG) maker Marico announced its collaboration with Kaya Ltd to handle sales and marketing of Kaya’s personal care products…
- PV Sindhu invests in wellness brand Hoop 04 July 2024, retail.economictimes.indiatimes.com Hoop aims to use the funds to fuel its growth and development. “These resources will be directed towards a variety of essential areas including robust marketing initiatives to build brand awareness, strategic hiring to bring on board the best talent, and expanding our distribution channels to reach more consumers,” Twinkle Uppal, co-founder, Hoop said…
- Lawman Expands Presence in Maharashtra with New Mumbai Store 04 July 2024, indianretailer.com Kewal Kiran Clothing Limited’s (KKCL) men’s affordable luxury fashion brand, Lawman, announced its plans to strengthen its footprint in the Maharashtra market…
- How Streax Professional Grew from 100 to 40,000+ Salons in India 04 July 2024, indianretailer.com Greens, purples, reds, ash blondes, oranges – these are the new-age hair shades that are ruling both the Indian and global markets. While these unconventional colors may seem suited only for metropolitan audience, they have seeped through the length and breadth of the country…
- Urban Tots Expands into Global Markets 04 July 2024, indianretailer.com The global toy market, valued at $104 billion in 2023, is steadily growing. Within this landscape, India’s toy industry is rapidly emerging, projected to reach $3 billion by 2028 with a 12 percent CAGR from 2022 to 2028…
- Goodveda Boosts Millet Snack Market 04 July 2024, indianretailer.com In alignment with the Indian government’s ‘Millet Revolution’ campaign, Goodveda, a leading innovator in natural healthcare solutions, has introduced a new range of nutritious millet-based snacks called ‘Milletious…
- HowLudic Launches Enhanced Canvas Sneakers Collection 04 July 2024, indianretailer.com Ludic, the footwear-first lifestyle brand, introduces a new collection of enhanced canvas sneakers, designed and manufactured in India. The collection is crafted to meet men’s and women’s style and comfort needs, featuring shades that complement various outfits, blending classic and modern styles…
- How to Start a Cosmetic Business in India: 2024 Guide 04 July 2024, indianretailer.com The cosmetic industry has a market size that is projected to reach $393.75 billion by 2023, growing at a CAGR of 5.8-9.8 percent from 2030 to 2032…
- Fitness World Unveils New K-6 Strength Series 04 July 2024, indianretailer.com Fitness World, India’s leading fitness brand, has introduced its latest innovation, the K-6 Strength Series. This new series combines a biomechanically designed steel frame with a stylish steel designer shroud, featuring an elegant black color and beige seat upholstery…
- Amocare Bags $400,000 for Wellness Expansion 04 July 2024, indianretailer.com Amocare, a natural wellness company, has successfully raised approximately $400,000 in pre-seed funding from domestic and international investors, including FAAD Network and AngelBay Holdings…
- Comet Bags Rs 42.3 cr in Series A Funding 04 July 2024, indianretailer.com Bengaluru-based Direct-to-consumer (D2C) sneaker brand Comet has secured Rs 42.3 crore in a Series A funding round, led by Elevation Capital. The round also saw participation from existing investors Nexus Ventures and AngelList India, contributing Rs 8.34 crore and Rs 60 lakhs respectively…
- Decathlon India Sets Sights on Circular Economy Leadership by 2026 04 July 2024, irecwire.com “By 2026, we aim for these initiatives to contribute 2.5 percent of our turnover in the country,” said Annie George, Leader Sustainability Development, Decathlon India…
- Godrej Properties Group Housing & High Street Retail Project In Pune 03 July 2024, rprealtyplus.com Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced that it will develop 11-acre land parcel in Hinjewadi, Pune…
- Small and medium REITs to broaden realty investor base: Crisil 03 July 2024, realty.economictimes.indiatimes.com So far, fractional ownership platforms (FOPs) did not follow uniform guidelines. The SEBI move is intended to address this by bringing existing FOPs under the regulatory ambit…
- Food watchdog wants quick commerce companies to speed with caution 03 July 2024, retail.economictimes.indiatimes.com FSSAI officials have ramped up surprise audits at dark stores, D2C brands. Fast delivery startups are watchful about taking on smaller brands, despite the higher margins, said people in the know, after incidents such as the reported discovery of a human finger in an ice-cream cone — ordered via an app — in Mumbai. ..
- Ayurvedic personal care brand Vedix partners with Shoppers Stop for offline expansion; eyes Rs 200 cr revenue in 18 months 03 July 2024, retail.economictimes.indiatimes.com Vedix plans to expand by relaunching body care products, entering new markets, and accelerating revenue growth through online and offline strategies, aiming to enhance customer experiences with personalized Ayurvedic solutions…
- Indian fast fashion industry poised to reach over $50 billion by FY31: Report 03 July 2024, retail.economictimes.indiatimes.com According to the report, the mid-value brands segment will see the maximum proliferation of brands, leveraging low-entry barriers and experimental consumer behaviour to drive growth.Further, brands with unique and value-adding positioning are expected to appeal strongly to customers…
- FMCG Q1 check: Some hot, some not 03 July 2024, retail.economictimes.indiatimes.com Scorching summer heat and elections created a mixed quarter for consumer goods, with sales of cooling products like beverages, ice creams, talcum powder, and sunscreens rising up to 15 per cent amidst the heatwave…
- Indian textile sector shows signs of post-pandemic recovery: Report 03 July 2024, retail.economictimes.indiatimes.com The report added that Indian cotton prices are currently lower than global prices, helping cotton spinners grow their volumes. In the last quarter of the fiscal year 2024 (4QFY24), the sector’s revenue grew by about 8 per cent compared to the previous year. However, yarn prices fell by 5 per cent, which limited the overall growth. With cotton prices stabilising, the value growth is expected to align with volume growth soon…
- Premium sneaker stampede sweeps India off its feet and Adidas is game for it 03 July 2024, retail.economictimes.indiatimes.com The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend…
- AI Smartphone Sales Likely to be Dull in India in 2024 03 July 2024, retail.economictimes.indiatimes.com AI-capable smartphones are projected to constitute only 4-5 per cent of the 152-156 million total smartphone shipments in India this year. Global estimates suggest they will make up 17 per cent of 1.2 billion handsets by 2024…
- The Kaftan Company Opens First Physical Store in Hyderabad 03 July 2024, indianretailer.com The Kaftan Company (TKC), India’s leading Kaftan brand, has proudly inaugurated its debut physical store in Hyderabad, strategically located on Road Number 3 in Banjara Hills…
- Mango Teen Expands with First International Stand-Alone Store 03 July 2024, indianretailer.com Mango, a leading European fashion group, is advancing its Mango Teen line with significant international expansion. Three years after its launch, the Teen line has opened its first stand-alone store outside Spain, located in the United Kingdom…
- India’s Fast Fashion Market Poised for $50 Bn Boom by FY31: 30-40 pc Growth in FY24 03 July 2024, indianretailer.com Fast Fashion has democratized the fashion industry. For Millennials and Gen Z (the driving force for this industry), Fast Fashion has provided affordability combined with constant access to trendy styles making it a game-changing experience…
- How to Start a Cosmetic Business in India in 2024 03 July 2024, indianretailer.com The cosmetic industry has a market size that is projected to reach $393.75 billion by 2023, growing at a CAGR of 5.8-9.8 percent from 2030 to 2032. Due to the popularization of e-commerce and social platforms, the need for new and specialized beauty products has only grown…
- How India’s Home and Interior Market Skyrocketed to $29.5 Billion—Top Trends Driving the Boom 03 July 2024, indianretailer.com India’s home and interior market is witnessing significant growth, reaching approximately Rs 2.4 trillion ($29.5 billion) in 2023. The indoor living product segment dominates, holding around 41 percent of the total market share…
- Woodsworth Introduces the Serengeti Furniture Range – Inspired by African Tribal Motifs 03 July 2024, indianretailer.com Woodsworth from Pepperfry proudly unveils its latest furniture collection, “Serengeti – The Spirit of Safari.” This new line draws inspiration from the vibrant tribal motifs found across Africa, offering a captivating glimpse into the continent’s indigenous artistry…
- Growel’s 101 Mall Initiates Environmental Cleanup Project 03 July 2024, indianretailer.com Growel’s 101 has launched a significant environmental project aimed at cleaning a nearby waterway. The mall has successfully removed approximately 3 tons of garbage from the stream adjacent to its premises, addressing issues such as water pollution, reduced soil quality, disease spread, and an unhygienic environment…
- CDC Experience Store Reopens in Mumbai 03 July 2024, indianretailer.com Crepdog Crew (CDC) has relaunched its experiential store, CDC Experience, in Bandra West, Mumbai. Originally opened in May 2023, the store was rebuilt in just 53 days following a fire accident…
- Himalaya Wellness Brings Pure Cow Ghee Range for Babies 03 July 2024, indianretailer.com Himalaya Wellness Company, a leading wellness brand in India, has launched a new Pure Cow Ghee Range specially formulated for babies with sensitive skin and newborns…
- Whiskers India Expands Retail Presence with Reliance’s Fashion Factory Partnership 03 July 2024, indianretailer.com Whiskers India, a unisex grooming product brand, which has MTV Roadies celebrity Rannvijay Singha as its partner, announced a retail collaboration with Reliance’s Fashion Factory. This partnership aims to cater to over 100,000 lifestyle consumers through Fashion Factory’s 100+ outlets across India…
- Vedix and Shoppers Stop Launch Exclusive Shop-in-Shop in Bangalore 03 July 2024, indianretailer.com Vedix, the world’s largest customized Ayurvedic personal care brand, has launched its first shop-in-shop (SIS) store in collaboration with Shoppers Stop at Garuda Mall, Bangalore…
- West Bengal government withdraws 2% stamp duty & 10% circle rate cut 02 July 2024, realty.economictimes.indiatimes.com Sushil Mohta, President of CREDAI West Bengal and Chairman of Merlin Group, expressed gratitude to the state government for the relief measures but also urged the administration to reconsider the latest decision…
- Patanjali Foods to acquire Patanjali Ayurved’s home, personal care biz for Rs 1,100 cr 02 July 2024, retail.economictimes.indiatimes.com In a regulator filing, Patanjali Foods informed that the board has approved the “acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by PAL, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis”…
- Former SoftBank managing partner Lydia Jett joins Flipkart board 02 July 2024, retail.economictimes.indiatimes.com Lydia Jett previously joined Flipkart’s board as a representative of SoftBank in 2017. She had exited Flipkart’s board after stepping down as SoftBank’s managing partner in February this year. Meanwhile, Flipkart has been aiming for profitability amid changes in senior management and layoffs prompted by cost-cutting earlier this year…
- This festive season, mission is possible: Companies to stockpile weapons of mass consumption 02 July 2024, retail.economictimes.indiatimes.com Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records…
- AI platform Bik.ai expands into global markets, onboards 500+ brands 02 July 2024, retail.economictimes.indiatimes.com Full stack AI platform for e-commerce, Bik.ai has emerged as a leader in an all- all-in-one unified platform for campaigns, automations, and inbox for e-commerce brands…
- Amazon India doubles down on same-day delivery for Prime members 02 July 2024, retail.economictimes.indiatimes.com Currently, Amazon Prime members get free unlimited same-day delivery on more than one million items and next-day delivery on more than four million items…
- GST brought relief to households with reduction in prices: FinMin 02 July 2024, retail.economictimes.indiatimes.com The Goods and Services Tax (GST) has completed seven years of implementation, resulting in cheaper household items, improved tax compliance among businesses, and a wider tax base, according to the finance ministry. Since its introduction on July 1, 2017, replacing 17 local taxes, the GST has reduced tax rates on many household goods, increasing affordability for consumers…
- Mango Teen Expands with First International Stand-Alone Store 02 July 2024, indianretailer.com Mango, a leading European fashion group, is advancing its Mango Teen line with significant international expansion. Three years after its launch, the Teen line has opened its first stand-alone store outside Spain, located in the United Kingdom…
- Davaindia Strengthens Uttar Pradesh Footprint 02 July 2024, indianretailer.com Davaindia, India’s largest private generic pharmacy retail chain and a brand of Zota Healthcare Ltd, has announced the grand opening of its latest store in Lucknow…
- Top 15 Whisky Brands in India for 2024 | ABV% 02 July 2024, indianretailer.com During the forecast period between 2024 and 2030, the size of India whisky market is projected to grow at a CAGR of 4.61% reaching a value of $28.97 billion by 2030…
- Top 10 Affordable Watch Brands in India for Every Style 02 July 2024, indianretailer.com Finding a stylish yet affordable watch in India could not have been made easier than by the countless brands that cater to style-conscious as well as the budget-savvy customer…
- Does Cloud Computing Help Retail Businesses? 02 July 2024, indianretailer.com Envision a retail environment where retailers anticipate your needs before you enter where checkout queues are obsolete and where each interaction feels customized just for you…
- 5 Biggest Shopping Malls in the World 02 July 2024, indianretailer.com Shopping malls have become more than just places to shop. They’re entertainment hubs, social centers, and even tourist destinations…
- How ITC’s Omnichannel Expansion Doubled Market Reach in Two Years 02 July 2024, indianretailer.com With rapid technological advancements and evolving consumer preferences, ITC Ltd. is standing at the forefront of driving change and innovation…
- Sumuka Agro Receives Approval for Merger with Gujjubhai Foods 02 July 2024, indianretailer.com Sumuka Agro, a notable consumer food brand in India, has received the merger NOC from the Bombay Stock Exchange (BSE), paving the way for its strategic integration with Gujjubhai Foods…
- Benetton Group Names Claudio Sforza as CEO Following Shareholders’ Meeting 02 July 2024, indianretailer.com The Benetton Group Srl Shareholders’ Meeting recently approved the 2023 financial statements and appointed a new Board of Directors consisting of Christian Coco (Chairman), Andrea Pezzangora, and Claudio Sforza…
- India’s Booming Retail Market: Major Trends & Outlook for 2024 02 July 2024, indianretailer.com As India accelerates towards becoming the third-largest retail market in the world, 2024 is further poised to be a transformative year for the industry. Driven by rising disposable incomes, rapid urbanization, a burgeoning middle…
- How Textile Innovations are Shaping the Next Wave of Fashion in India 02 July 2024, indianretailer.com Positioned at the cliff of a transformative journey, the Indian textile industry is poised to emerge at the forefront of the global landscape. Backed by its rich cultural heritage, the industry is all set to foray into the avenues of innovation, sustainability, and global integration…
- OKIE Ventures into Madhya Pradesh with Innovative Consumer Electronics 02 July 2024, retail.economictimes.indiatimes.com OKIE Ventures, a prominent player in electronics manufacturing specializing in OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) solutions, has unveiled its strategic expansion into Madhya Pradesh…
- Pebble Introduces Wavebuds and Euphoria, Redefining TWS Segment 02 July 2024, indianretailer.com Pebble, India’s fastest-growing smartwatch and audio technology brand, has bolstered its earbuds range with the introduction of Wavebuds and Euphoria…
- Japanese Shipping Major Mitsui O.S.K Lines Forays In Indian Real Estate 01 July 2024, rprealtyplus.com Japanese shipping major Mitsui O.S.K. Lines, Ltd’s group company, Daibiru Corporation, has forayed into India’s real estate business with an investment of $123.5 million to join the Atrium Place Project, an office building development project near Delhi…
- F&B, quick commerce log 40-50% sales jump on T20 final night 01 July 2024, retail.economictimes.indiatimes.com India’s nail-biting final match with South Africa on June 29 and the eventual historic victory drove up sales and revenues of food and beverage (F&B) companies as well as quick commerce firms. Merchant checkout network Simpl said it saw a nearly 40% increase in consumer spending on its platform during the match…
- Ola set to take on Blinkit and Swiggy Instamart 01 July 2024, retail.economictimes.indiatimes.com Cab service provider Ola is all set to venture into grocery delivery. According to a report by Moneycontrol, Ola is set to leverage the Open Network for Digital Commerce (ONDC) platform to launch its services within the next few days. This move marks Ola’s third attempt at the online grocery delivery space…
- Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery 01 July 2024, retail.economictimes.indiatimes.com The Indian wedding industry, worth around Rs 10 lakh crore (USD 130 billion), is second only to food and grocery. Hosting 8-10 million weddings annually, India leads globally. Weddings significantly impact multiple sectors, driving growth in jewelry, apparel, catering, and more. Despite economic classes, spending on weddings often exceeds education costs…
- Titan launches jewellery brand Tanishq in Bangladesh 01 July 2024, retail.economictimes.indiatimes.com Titan Company announced its expansion into Bangladesh by launching its jewellery brand Tanishq through a joint venture with Rhythm Group. This initiative, aimed at bolstering its international presence, will begin with the establishment of a manufacturing facility in Narayanganj. Titan already operates 17 Tanishq stores across various international markets including the UAE, US, Qatar, Singapore, and Oman. ..
- Soon, cosmetics will be more transparent to all 01 July 2024, retail.economictimes.indiatimes.com India’s drug regulator is considering mandatory inclusion of the international nomenclature of cosmetic ingredients (INCI) on all cosmetic product labels for better transparency and easier identification. The standardized INCI system will help consumers understand product compositions and aid dermatologists and regulators in tracking ingredient safety. The move aims to prevent confusion, facilitate compliance, and enhance the marketability of safe products…
- Second to none, thrifting set to outpace apparel market 01 July 2024, financialexpress.com Sauntering through the lanes of Hauz Khas Village in Delhi, one can spot several stores—ordinary looking from the outside, but a treasure trove of one-of-a-kind clothes, shoes and accessories…
- “Our brand is about human connections and generating good times” 01 July 2024, financialexpress.com Jacqueline Van Faassen, Premium Brands Director & Head of Innovation at United Breweries (Heineken India), spoke to FE’s Alokananda Chakraborty on the beer brand’s association with sports and how it has helped keep the excitement alive around the brand. Edited excerpts…
- Top brands bank on ‘imported’ sales events to boost demand 01 July 2024, retail.economictimes.indiatimes.com Back to school sales in India have seen rapid growth over the last five to six years, with the event generating over a fourth of retail laptop sales. This trend is second only to the Diwali festive season’s contribution of 30-35%, according to industry estimates. Other ‘imported’ sales events include small business days, Black Friday, Cyber Monday, Mother’s Day, Father’s Day, and Valentine’s Day…
- Livspace launches premium brand Vinciago; plans 100 experience centres by 2024-end 01 July 2024, retail.economictimes.indiatimes.com Saurabh Jain, Co-founder and CEO – India Operations, Livspace, said, “The opportunity that lies ahead is immense in growth and size and we are excited to be able to broaden our spectrum of offerings and cater to the premium homes segment.” The firm is planning to strengthen its retail footprint across India by opening 100 design experience centres (ECs)…
- Kalyan Jewellers Expands Retail Footprint with New Bengaluru Showroom 01 July 2024, indianretailer.com Kalyan Jewellers, one of India’s most trusted and leading jewellery companies, has launched a new showroom in Banashankari, Bengaluru. This new showroom, featuring extensive designs from Kalyan Jewellers’ various collections, marks the company’s ninth location in Bengaluru…
- India’s Booming Retail Market: Major Trends & Outlook for 2024 01 July 2024, indianretailer.com As India accelerates towards becoming the third-largest retail market in the world, 2024 is further poised to be a transformative year for the industry…
- Unlocking the Potential of Next-Generation Smart Fabrics 01 July 2024, indianretailer.com In a world where technology is seamlessly integrated into every aspect of modern life, the textile industry remains no exception. As the wave of innovation continues to sweep through the ecosystem, the advent of smart fabrics represents a remarkable revolution…
- gobbleright Unveils New Line of Gut-Friendly, Gluten-Free, and Vegan Options 01 July 2024, indianretailer.com Mumbai-based startup gobbleright has unveiled an exciting array of products tailored for health-conscious consumers seeking delicious yet nutritious alternatives…
- Rethinking Digital Strategies in a Phygital World 01 July 2024, irecwire.com Instead of a full-scale overhaul, Indian QSRs could implement digital solutions gradually, starting with mobile ordering and loyalty programs, allowing for smoother transitions and customer adaptation…
- ArtBuzz Elevates Stays for Digital Nomads 01 July 2024, indianretailer.com ArtBuzz, a young and innovative backpacker hostel chain, is transforming the way digital nomads and remote workers experience travel and work in India. Established just two years ago, ArtBuzz has already achieved…
- Kwality Foods Introduces Updated Packaging Design 01 July 2024, indianretailer.com Kwality Foods, a prominent multi-brand food manufacturer, has launched a fresh look for its breakfast cereal packaging, marking a significant update in its product presentation strategy…
- How Superkicks is Driving Growth with Offline Expansion & Customer-Centric Innovations 01 July 2024, indianretailer.com While the overall footwear category is extensive, with numerous options for women including sneakers, formals, heels, and open footwear, the premium sneaker segment remains relatively uncrowded…
- Cantabil Retail India: Improving outlook, expected budgetary sops to boost growth 01 July 2024, moneycontrol.com CRIL is aiming to reach the Rs 1,000-crore revenue mark by mid FY2027, implying about 20 percent CAGR over the medium term…
- ITC packs a punch, beats Britannia in foods business 29 June 2024, retail.economictimes.indiatimes.com ITC’s foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports…
- ETRetail Shopfwd Awards: Celebrating Excellence in Fashion and Shopping Malls 29 June 2024, retail.economictimes.indiatimes.com The ET Retail Shopfwd Awards 2024 served as a testament to the excellence prevalent in the fashion retail and shopping centres sector, celebrating the innovative and impactful contributions of brands and individuals…
- Amazon Fresh focuses on quality, consumer savings as it expands operations 29 June 2024, thehindubusinessline.com Amazon Fresh’s is betting on its savings for consumers and superior quality of fruits and vegetables and planned purchases to command a significant market share, as the company expands its operations to 130 cities said a senior executive to businessline…
- 59% of German companies plan new investments in India this year 29 June 2024, retail.economictimes.indiatimes.com India is becoming a favored investment destination for German companies, with 59% planning to increase investments this year. Expectations are high, with 78% anticipating rising sales and 55% forecasting higher profits. Factors driving this trend include low labor costs, political stability, and availability of qualified specialists…
- AABL to expand portfolio with launch of premium whiskey Hillfort and Kultur, entering 5 new states 29 June 2024, thehindubusinessline.com Leading distillery Associated Alcohols & Breweries Ltd. (AABL) is set to launch its new premium whiskey Hillfort in markets across Maharashtra, Goa, Uttar Pradesh, Assam, and Tripura in the next six months…
- Tata Trent’s Samoh Launches Second Store in Bengaluru 29 June 2024, indianretailer.com Samoh, the esteemed ethnic wear brand under Trent Ltd., has unveiled its second store in Bengaluru, located in the bustling neighborhood of Jayanagar…
- SAMOH Launches Its Second Outlet in Jayanagar, Bengaluru 29 June 2024, indianretailer.com SAMOH, the sophisticated occasion wear brand under Trent, has unveiled its second store in the bustling Jayanagar neighborhood of Bengaluru. This new location represents a significant milestone in SAMOH’s mission to bring luxury fashion within reach of discerning fashion enthusiasts…
- Davaindia Opens New Store in Lucknow, Expanding North India Presence 29 June 2024, indianretailerindiatimes.com Davaindia, India’s leading private generic pharmacy retail chain and a brand under Zota Healthcare Ltd, has opened its new store in Lucknow. This new outlet signifies a significant enhancement of Davaindia’s footprint in North India, now totaling 390 stores across the region…
- Scotch vs. Whisky: The Key Differences Explained 29 June 2024, indianretailer.com Few drinks in the spirits world are as fascinating and exciting as Scotch or Whisky. These cherished beverages are not just about what’s in the glass—they’re about the stories they tell, the cultures they represent, and the art that goes into every drop…
- How OMA and Zwiesel Glas Aim to Redefine Home Luxury 29 June 2024, indianretailer.com Luxury is not just about opulence; it is about transforming lives. This principle has been the guiding force behind the creation of OMA, a premier destination for luxury home accessories in India…
- Company Profile & Success Strategy of India’s Top Retailer 29 June 2024, indianretailer.com DMart, the name that conjures images of overflowing grocery baskets and happy shoppers in India, is more than just a supermarket chain. It’s a retail revolution spearheaded by the enigmatic billionaire, Radhakishan Damani…
- The Evolution of E-commerce in India’s Fashion Industry 29 June 2024, indianretailer.com E-commerce is revolutionizing the fashion landscape in India, making it more accessible and exciting than ever before. Fashion trends are no longer confined to high-end boutiques in major cities; now, with just a few clicks, consumers can explore and purchase from a vast array of high-end and value brands from the comfort of their homes…
- Livpure Partners with Blinkit to Offer Quick Delivery of Personal Air Coolers 29 June 2024, indianretailer.com In a significant move for the retail industry in India, Livpure, a leading home and consumer appliance brand, has announced that the Livpure Chill 22-Litre Personal Air Cooler is now available on Blinkit, a prominent quick commerce platform…
- The Evolution of E-commerce in India’s Fashion Industry 29 June 2024, indianretailer.com E-commerce is revolutionizing the fashion landscape in India, making it more accessible and exciting than ever before. Fashion trends are no longer confined to high-end boutiques in major cities; now, with just a few clicks, consumers can explore and purchase from a vast array of high-end and value brands from the comfort of their homes…
- Unlocking the Potential of Next-Generation Smart Fabrics 29 June 2024, indianretailer.com In a world where technology is seamlessly integrated into every aspect of modern life, the textile industry remains no exception. As the wave of innovation continues to sweep through the ecosystem, the advent of smart fabrics represents a remarkable revolution…
- gobbleright Unveils New Line of Gut-Friendly, Gluten-Free, and Vegan Options 29 June 2024, indianretailer.com Mumbai-based startup gobbleright has unveiled an exciting array of products tailored for health-conscious consumers seeking delicious yet nutritious alternatives…
- Kinwani House Expands Presence with Opening in Rishikesh 29 June 2024, indianretailer.com Kinwani House, a luxurious boutique property nestled in the foothills of the Himalayas, celebrated its grand opening in Rishikesh. This architectural masterpiece, now part of the esteemed Aalia Collection by JPL Group under the guidance of Aditya Lakhanpal, opened its doors to guests seeking a blend of historical charm and modern comfort…
- Neeta Lulla Introduces Latest Collection ‘Leher’ 29 June 2024, indianretailer.com Renowned designer Neeta Lulla, celebrated for dressing Bollywood royalty and gracing countless red carpets, has unveiled her latest collection, “Leher.”..
- Clinikally Launches Same-Day Delivery in Partnership with Zippee 29 June 2024, indianretailer.com Clinikally, India’s rapidly expanding e-pharmacy platform for skin and hair care, has recently announced a strategic partnership with Zippee to offer same-day delivery to its customers…
- FMC India Unveils New Plant Disease Solutions for Fruits and Vegetables 29 June 2024, indianretailer.com FMC India, a leading agricultural sciences company, has announced the launch of two new products, VELZO and COSUIT fungicides. These innovative solutions are designed to protect fruit and vegetable crops from destructive fungal diseases right from the start of the crop cycle…
- Zomato launches platform to offer hiring, regulatory services to restaurants 28 June 2024, retail.economictimes.indiatimes.com Zomato’s move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative…
- Shopfwd Summit 2024: Paving the Future of Fashion Retail and Shopping Centres 28 June 2024, retail.economictimes.indiatimes.com The ETRetail Shopfwd Summit 2024 in Mumbai, gathered an impressive assembly of the top minds in the fashion retail industry and shopping mall development. The event, attended by owners, MDs, and CXOs, showcased a series of discussions and panels aimed at deciphering the future trajectory of the retail sector…
- H&M to offer more discounts as it battles to revive sales 28 June 2024, retail.economictimes.indiatimes.com On Thursday, H&M said external factors – such as material costs and currency moves – were making the 10% margin goal more difficult to reach this year, and that it needed to ramp up sales growth to get there…
- Coca-Cola elevates Arnab Roy to a global role 28 June 2024, thehindubusinessline.com Coca-Cola has elevated Arnab Roy, who has been spearheading marketing at the India and Southwest Asia units, to a global role. Roy, who has been with the beverage major for over 23 years, has been named President of the Coca-Cola global category…
- Urban Company expects revenue of Rs 1,140 cr in current fiscal 28 June 2024, retail.economictimes.indiatimes.com “Urban Company is now fully profitable at the company level. In April, we achieved this goal. For the April-June quarter, we are fully profitable. The 4 per cent PBT (profit before tax) that we had is at the company level and not at the India level. India is obviously much higher. The second largest market outside of India is the UAE which is almost at the cusp of profitability,” CEO Abhiraj Singh Bhal said…
- Japanese alcoholic beverage maker Suntory sets up India subsidiary 28 June 2024, retail.economictimes.indiatimes.com Suntory India, led by Tak Niinami, expands its iconic beverage brands like Yamazaki and Jim Beam in India. With a revenue of USD 20.9 billion, Suntory aims to cater to India’s growing market through a wide range of offerings including spirits, wines, and beers…
- ONDC to touch 10 million transactions in June: official 28 June 2024, retail.economictimes.indiatimes.com Shireesh Joshi, ONDC’s president said the company will touch 10 million transactions in June. ” We are growing strong, adding about one million transactions month-on-month,” he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future…
- H&M net profit jumps 52% in second quarter 28 June 2024, retail.economictimes.indiatimes.com H&M posted on Thursday a 52% jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs. Sales rose by three percent to 59.6 billion kronor at the world’s second biggest fashion retailer after Zara owner Inditex…
- Q1 performance for PVR to be quite muted for FY25: Karan Taurani 28 June 2024, retail.economictimes.indiatimes.com I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative…
- Coke is still a challenger brand in India and that mindset helps: John Murphy, Global President, Coca-Cola 28 June 2024, retail.economictimes.indiatimes.com “India is a good example. Today we talk about the opportunity in India, brand Coca-Cola is still a challenger brand in India. And it’s – one of the hardest tasks we have is to take on.” the beverages maker’s global president and chief financial officer, John Murphy, said at a recent consumer conference in Paris…
- Bosch weighs offer for appliance maker Whirlpool, sources say 28 June 2024, retail.economictimes.indiatimes.com Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8 billion, one of the sources said…
- Titan Eye+ to resume expansion strategy amid growing eyewear market 28 June 2024, retail.economictimes.indiatimes.com Titan Eye+, an eyewear retailer, will resume network expansion from July. The company, an arm of Titan, has over 900 stores across 350 cities and recorded earnings of INR 707 crore in fiscal year 2023-24. The company is aiming to expand its premium eyewear market share to 10% or less, with the launch of retail store Runway for premium sunglasses…
- Adani group to press the pedal on its retail play through super app 28 June 2024, business-standard.com With an existing consumer base of 400 million across airports, electricity and gas distribution businesses, the Adani group is revving up its retail play. It is planning to use the 2.4 billion consumer interactions a year with group companies to push various products and services…
- Private consumption seen growing, concerns on capex growth: Morgan Stanley Research 28 June 2024, retail.economictimes.indiatimes.com India’s Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre-pandemic trend and remains below the pre-pandemic average of 6.3% in 2019…
- AC industry faces raw material shortage, supply chain issues: Bluestar MD 28 June 2024, moneycontrol.com This year’s summer was a record-breaker in terms of the extent of the heat wave across large parts of the country. And while that normally spells good news for air conditioner manufacturers, the soaring demand has led to raw material shortages, according to Bluestar MD B Thiagarajan…
- Reliance Retail sets the ball rolling on delivery in an hour, starts pilot service in Mumbai, Navi Mumbai 28 June 2024, retail.economictimes.indiatimes.com Reliance Retail’s Mumbai delivery service aims for quick fulfillment in 30-45 minutes, integrating with kirana stores for wider reach. The company is utilising technology platforms like FYND and Locus for efficient operations…
- Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up 28 June 2024, retail.economictimes.indiatimes.com “There is a strategic reason for not making any equity infusion even as organisational changes are being made,” said one of the persons. “However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place.” Registrar of Companies (RoC) filings obtained through business intelligence platform Tofler show group holding company Tata Sons didn’t invest in Tata Digital in FY24…
- FMCG sector to have sustained growth rate of 7-9% in 2024: Report 28 June 2024, retail.economictimes.indiatimes.com The FMCG industry was struggling after the pandemic and the rural sector was having successive degrowth for some quarters. However, the industry navigated through showcasing resilience and adaptability amidst evolving consumer trends and witnessed a notable upswing in volume and value growth in the second half of 2023…
- Livspace Unveils Vinciago to Tap into India’s Growing Premium Housing Market 28 June 2024, indianretailer.com Livspace, a leading home and consumer appliance brand in India, has announced the launch of “Vinciago,” a premium interior design brand…
- Miraj Cinemas Expands in Tamil Nadu with New Multiplex in Chennai 28 June 2024, indianretailer.com Miraj Cinemas, India’s fastest-growing and third-largest national multiplex chain, has launched a new four-screen multiplex at Sekaran Mall in Chennai. This expansion marks Miraj’s second property in Tamil Nadu, bringing its total to nine screens in the state…
- Columbia Sportswear Opens First Flagship Store in Delhi’s Connaught Place 28 June 2024, indianretailer.com Columbia Sportswear, globally renowned for its outdoor apparel and gear, has announced the grand opening of its newest outlet in the heart of Delhi, Connaught Place…
- Baggit Opens 100th Store in Vijayawada 28 June 2024, indianretailer.com Baggit, India’s leading eco-friendly handbag and accessory brand, announces the opening of its 100th store in Vijayawada, Andhra Pradesh. This new 400 sq. ft. store aims to cater to the growing demand for sustainable products in the region…
- How Online Shoppers are Splurging on Beauty Essentials 28 June 2024, retail.economictimes.indiatimes.com The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
- Top 10 Men’s Clothing Brands Every Stylish Man Should Check Out 28 June 2024, indianretailer.com Today it is not just women who like to style themselves, men are equally experimenting and trying on new fashion available in the market. Earlier, limited information, social and economic limitations and utilitarian needs were certain issues that restricted men from exploring their style…
- How to Start a Jewellery Business : 9 Steps to Market and Grow 28 June 2024, indianretailer.com The global jewellery market, valued at $353.26 billion in 2023, is on a growth trajectory, expected to expand at a compound annual growth rate (CAGR) of 4.7 percent from 2024 to 2030…
- Cosmetics Craze: How Online Shoppers are Splurging on Beauty Essentials 28 June 2024, indianretailer.com The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
- 4 Key Reasons to Drive Growth in Restaurant Biz 28 June 2024, indianretailer.com The restaurant industry has undergone significant changes in the past ten years, mainly because of new technology and shifting guest preferences…
- Heinz and Kate Spade New York Launch Sizzling Capsule Collection 28 June 2024, indianretailer.com Heinz and Kate Spade New York have announced an exciting global partnership, introducing a limited-edition collection just in time for summer…
- Nita M. Ambani Envisions India House as a Reflection of India’s Progress in the Olympics 28 June 2024, retail.economictimes.indiatimes.com The upcoming Paris 2024 Olympics, just a month away, are poised to mark several historic milestones, with one particularly significant for India: the debut of India House, the first-ever country House at the Olympic Games…
- Madame Unveils Bridgerton Collection: Regency Meets Modern Fashion 28 June 2024, indianretailer.com Madame, the premium womenswear fashion brand, has unveiled an exciting new collaboration with Shondaland at Netflix, launching a capsule collection inspired by the popular Bridgerton series…
- Starbucks Unveils Viral Stanley Cups in India 28 June 2024, indianretailer.com In a groundbreaking collaboration, Stanley and Starbucks are set to make its debut in India, captivating consumers with the highly anticipated Stanley & Starbucks ash green collection…
- Air India and KidZania Launch ‘Junior Aviation Academy’ in Noida And Mumbai 28 June 2024, indianretailer.com Air India, India’s leading global airline, in collaboration with KidZania, the globally acclaimed educational entertainment brand, has announced the launch of the Air India Aviation Academy at KidZania’s theme parks in Noida and Mumbai…
- Cheil India Blends Art and Music in Campaign for Samsung Galaxy Book4 Series 28 June 2024, indianretailer.com Cheil India has launched a new campaign for the Samsung Galaxy Book4 series, showcasing the collaborative journey of popular artists Santanu Hazarika and Medha Shankr…
- The Fern Hotels and Resorts Appoints New Operations Managers 28 June 2024, indianretailer.com The Fern Hotels and Resorts has announced the appointment of new Operations Managers at three of its properties, reinforcing its commitment to operational excellence and guest satisfaction…
- Hyatt Regency Jaipur Mansarovar Enhances Hyatt’s Presence in India 28 June 2024, indianretailer.com Hyatt Regency Jaipur Mansarovar emphasizes Hyatt’s commitment to expanding its brand across urban and resort destinations in India…
- Sterling Holiday Resorts Launches Emerging Leaders Development Program 28 June 2024, indianretailer.com Sterling Holiday Resorts, a prominent leisure hospitality brand in India, has announced its Emerging Leaders’ Development Program in collaboration with the Indian School of Hospitality (ISH)…
- Sheraton Grand Pune Welcomes New Front Office Manager 28 June 2024, retail.economictimes.indiatimes.com Sheraton Grand Pune Bund Garden Hotel has appointed Sarfrazuddin Khan as its new Front Office Manager, reaffirming its commitment to delivering outstanding guest experiences…
- Shangri-La Eros New Delhi Launches In-House Water Bottling Plant ‘Essence’ 28 June 2024, indianretailer.com Shangri-La Eros New Delhi has introduced its in-house water bottling plant, ‘Essence’, in a strategic move to reduce its carbon footprint and enhance eco-friendly practices…
- Motilal Oswal Sets Rs 680 Target for Indian Hotels Co Ltd 28 June 2024, indianretailer.com Motilal Oswal has recommended a buy call on Indian Hotels Company Ltd. with a target price set at Rs 680, compared to the current market price of Rs 638.3…
- Top 10 Men’s Clothing Brands Every Stylish Man Should Check Out 28 June 2024, retail.economictimes.indiatimes.com Today it is not just women who like to style themselves, men are equally experimenting and trying on new fashion available in the market. Earlier, limited information, social and economic limitations and utilitarian needs were..
- How to Start a Jewellery Business : 9 Steps to Market and Grow 28 June 2024, indianretailer.com The global jewellery market, valued at $353.26 billion in 2023, is on a growth trajectory, expected to expand at a compound annual growth rate (CAGR) of 4.7 percent from 2024 to 2030…
- How Online Shoppers are Splurging on Beauty Essentials 28 June 2024, indianretailer.com The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
- Top 10 Retail Companies in India : Sector to Hit $1,407B by 2026 28 June 2024, retail.economictimes.indiatimes.com The retail industry in India is essential for understanding customer preferences and company performance. Knowing the top retail companies in India, their IPO offerings, and current stock prices is crucial…
- Indian Consumers Prioritize Value-Conscious Buys Amid Experiential Spending Surge 28 June 2024, retail.economictimes.indiatimes.com The retail landscape in India is undergoing a significant transformation, driven by shifts in consumer spending dynamics. The emphasis is moving away from traditional product-centric purchases towards experiences and localized innovation…
- How Superkicks is Driving Growth with Offline Expansion & Customer-Centric Innovations 28 June 2024, indianretailer.com While the overall footwear category is extensive, with numerous options for women including sneakers, formals, heels, and open footwear, the premium sneaker segment remains relatively uncrowded…
- Prestige One Appoints Colliers Project Leaders For Quality & Delivery Standards 25 June 2024, rprealtyplus.com Prestige One Developments, a leading name in real estate development, has officially appointed Colliers Project Leaders to bolster its engineering team’s efforts in ensuring exceptional quality and timely delivery of projects…
- Flipkart explored a deal with Swiggy for a pie of quick commerce 25 June 2024, retail.economictimes.indiatimes.com Eight to ten months ago, discussions about a potential investment by Flipkart in Swiggy, two of India’s biggest internet companies in the consumer sector, were underway. This potential alliance was driven by the changing landscape of the market, particularly the rise of quick commerce. However, due to disagreements on valuation, the talks ultimately fell through…
- Shoppers Stop aims to open 60 new INTUNE stores in FY25 25 June 2024, retail.economictimes.indiatimes.com Through INTUNE, Shoppers Stop aims to capitalise on mass premium opportunities, disrupting India’s value fashion landscape, according to the latest annual report of the K Raheja Corp group firm. “We are targeting 60 new stores in FY2024-25 backed by strategic investments in merchandising, store operations, and customer analytics capabilities,” the company said…
- Flour, TV, refrigerator, LPG become cheaper: PM Modi says GST resulted in ‘significant savings’ for poor, common man 25 June 2024, retail.economictimes.indiatimes.com Prime Minister Narendra Modi lauded the impact of Goods and Services Tax (GST) during its seven-year tenure, highlighting its role in improving the lives of 140 crore Indians. He noted GST’s reduction in taxes on essential household items like flour and detergent, enhancing affordability for the common man…
- JioMart partners JASCOLAMPF and JHARCRAFT to showcase Jharkhand’s ingenious crafts 25 June 2024, retail.economictimes.indiatimes.com With this collaboration, JioMart customers can discover and purchase GI-tagged products like famous wood products, bamboo products, dhokra artefacts, terracotta items, lac bangles, cotton handloom, applique work, zardozi work, tasar handloom sarees, men’s shirts, handcrafted bags, bed sheets, paintings and home decor products, the release read…
- IBJA appoints Aksha Mohit Kamboj as vice president 25 June 2024, retail.economictimes.indiatimes.com IBJA appoints Aksha Mohit Kamboj as Vice President, the first woman in the gold and jewellery sector, effective June 22, 2024. Kamboj is an experienced expert in the field of bullion and jewellery. In her new role, Kamboj will play a pivotal role in shaping IBJA’s strategic initiatives, fostering industry collaborations, and advocating for the interests of members nationwide…
- Bata India appoints Neeru Gupta as general counsel to head it’s legal operation 25 June 2024, retail.economictimes.indiatimes.com Meeru Gupta has been appointed as general counsel and head of legal at Bata’s local subsidiary. She brings over two decades of experience, including roles at Varun Beverages and Philips India…
- Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: Prosus 25 June 2024, retail.economictimes.indiatimes.com “Swiggy’s core food delivery business GOV grew by double digits on healthy order growth and higher average order value. Operating leverage improved as the business added revenue streams like restaurant advertising and introduced nominal platform fees which supported improved operational profitability,” the Dutch-listed investment firm said in its annual report…
- Amul to launch organic tea, sugar & jaggery 25 June 2024, thehindubusinessline.com The Gujarat Cooperative Milk Marketing Federation (GCCMF) is set to expand its “organic” product portfolio by launching Amul Sugar, Jaggery and Tea in the next one month…
- Consumer durables demand sparks bank lending boom in India 25 June 2024, retail.economictimes.indiatimes.com The total portfolio of consumer durable loans across all regions has swelled from Rs 13,969 crore in March 2019 to Rs 40,432 crore by March 2024, indicating an overall growth rate of 190%…
- IKEA gears up for Delhi-NCR launch with strengthened supply chains, better demand forecasting 25 June 2024, retail.economictimes.indiatimes.com A lot has been happening at Ikea. It’s never a dull moment right now. One thing that we are really looking forward to is our launch in the Delhi NCR market- said Saiba Suri, Country Customer Fulfilment Manager, IKEA India…
- Richa Ahluwalia Opens Store in Delhi’s Defence Colony 25 June 2024, indianretailer.com In a grand unveiling, celebrated fashion designer Richa Ahluwalia has introduced her flagship store in the prestigious Defence Colony area of the national capital. This luxurious boutique is set to redefine the landscape of bridal fashion, offering an extensive array of opulent bridal lehengas and occasion wear…
- Snitch Opens 10th Store in Hyderabad 25 June 2024, indianretailer.com Snitch has opened its 10th exclusive store in Hyderabad at Sarath City Capital Mall. This new store spans 3,400 square feet of retail space, aiming to provide an engaging shopping experience for fashion enthusiasts in the city…
- Bollywood Icons’ Brands Valued at $1.9 Billion in 2024! Guess Who’s Number One! 25 June 2024, indianretailer.com Bollywood has always been hugely popular in India and has a significant impact on the lives of young people. Celebrities hold a lot of sway in the country, making it easy for them to enter the Indian retail market with their brands…
- Hansgrohe Group Targets 100 pc Paper Packaging by 2025 25 June 2024, indianretailer.com The Hansgrohe Group plans to switch to paper product packaging in Germany by the end of 2025, opting for recyclable cardboard and paper elements instead of plastic. This move supports the increasing demand for sustainability in the retail and manufacturing sectors in India and globally…
- Sky Gold Ltd Acquires Starmangalsutra and Sparkling Chains 25 June 2024, indianretailer.com Sky Gold Ltd, one of India’s leading jewelry companies, has acquired Mumbai-based Starmangalsutra Private Limited and Sparkling Chains Private Limited. This acquisition enhances Sky Gold’s market visibility and broadens its range of high-quality jewelry known for expert craftsmanship…
- Amul Plans to Broaden Product Range in U.S. Market 25 June 2024, indianretailer.com The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the renowned Amul brand, is preparing to expand its product offerings in the U.S. market…
- Why Indian D2C Beauty Brands Are Thriving: 3 Key Factors Driving Success 25 June 2024, indianretailer.com In recent years, the direct-to-consumer (D2C) beauty market has witnessed an unprecedented surge in growth, dispelling any notions of market saturation. So much so, that celebrities from across the globe have begun to dabble in this industry, launching their own beauty brands…
- ShopClues Expands Cross-Border E-Commerce to North America and Europe 25 June 2024, indianretailer.com ShopClues, the Indian e-commerce platform owned by Singapore-based Qoo10, is advancing its rebranding efforts as a cross-border e-commerce platform by targeting the North American and European markets…
- Titan Unveils Expansion Plans for Tanishq, Taneira, and Other Brands This Year 25 June 2024, indianretailer.com Tata Group’s Titan Company Ltd has announced ambitious expansion plans across its brand verticals, with a strong focus on the jewelry brand Tanishq and the saree label Taneira for this year…
- Ecommerce sellers count on cash-flow gains from GST cut 24 June 2024, retail.economictimes.indiatimes.com Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators…
- Actor Rana Daggubati introduces tequila brand Loca Loka in the US market; eyes breakeven in next 12 months 24 June 2024, retail.economictimes.indiatimes.com Initially, the partners have invested US$5 million and plan to double the investment in the next one year…
- Polls and weather take a toll on smartphone sales in June quarter 24 June 2024, retail.economictimes.indiatimes.com The smartphone market in the June quarter is likely to be tepid due to the impact of elections, heatwaves, and floods, leading some market experts to lower their growth outlook for 2024 smartphone shipments. Analysts expect a slowdown in Q2 shipments compared to Q1 due to fewer launches and adverse weather conditions. Counterpoint Research forecasts a 3-5% decline in Q2 shipments, with a revised annual forecast of 152 million units, reflecting a 3% year-on-year growth, down from the initial 5% growth prediction…
- AI’mpowering the Indian retail strategy 24 June 2024, retail.economictimes.indiatimes.com It is established that retail stores also play an integral role in building trust in a brand in the country. And the success of retail chains and brands is equally pillared by customer support in tandem with product/services. This puts the idea of continuously working towards elevating customer experience and ensuring support at necessary touch points a cornerstone when formulating brand strategies…
- Sweet Profits, Bitter Reality: Who gains the most from the cocoa price surge? 24 June 2024, retail.economictimes.indiatimes.com The cocoa industry is facing significant shifts as cocoa prices soar, driven by poor harvests in West Africa. While prices have surged to record highs, small-scale producers in regulated countries like Ivory Coast and Ghana see limited benefits due to pre-set prices. Meanwhile, less regulated countries like Cameroon and Nigeria gain more from market trends. Major processors struggle with high costs and production slowdowns…
- FSSAI plans 24-hour licence issuance for traders, distributors 24 June 2024, livemint.com The Food Safety and Standards Authority of India (FSSAI) aims to expedite licensing for traders and distributors, and may soon start issuing licences within 24 hours of application, to improve ease of doing business…
- Daikin to sell 2 million units of AC in FY25, expand manufacturing capacity of compressors 24 June 2024, retail.economictimes.indiatimes.com Daikin is focused on increasing its localisation level, leveraging the PLI scheme for the air conditioning sector. The company plans to enhance local manufacturing of PCB circuits to achieve this goal…
- Sustainable Future in Fashioning: The Emergence of Eco-Friendly Fabrics 24 June 2024, indianretailer.com In an era marked by heightened environmental consciousness, the fashion industry is undergoing a significant transformation. The traditional approach to clothing production, which often prioritized profit over sustainability, is giving way to a more eco-conscious ethos…
- Camaro’s Expansion Plans Extend to the Western and Northern Regions 24 June 2024, indianretailer.com Camaro, a well-established denim and casual wear brand hailing from the city, is charting a course for significant growth with plans to extend its footprint into the western and northern regions of India…
- Denim Beyond Definition: Lee X Suneet Varma Collection 24 June 2024, irecwire.com Tailored for a youthful audience, the collection seamlessly integrates Suneet Varma’s signature style with denim essentials, ensuring both artistic integrity and market appeal…
- Those Good Distillers Launch Premium Sipping Rum IDAAYA in India 24 June 2024, indianretailer.com Amidst the resurgence of rum, Those Good Distillers introduce IDAAYA in India, a premium sipping rum rooted in ancient Indian wisdom and crafted in the Himalayas…
- Prestige Estates to raise $598.6 million 22 June 2024, realty.economictimes.indiatimes.com The Indian real estate developer added its board has approved the monetization of its hospitality assets through a share issue and has formed a sub-committee to oversee the process…
- Not e-comm alone, one has to be in modern trade, in kirana stores also to build scale: Sunil D’Souza, Tata Consumer 22 June 2024, retail.economictimes.indiatimes.com Today’s consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also MD & CEO Sunil D’Souza of Tata Consumer said…
- FMCG spends up 18% in two years due to inflation- Kantar 22 June 2024, retail.economictimes.indiatimes.com “Inflation might have slowed down to acceptable levels, but its effects are not lost on the consumer. Groceries are the biggest household expense, accounting for over 24% of all quarterly expenses in a household. The spending on the category increased by 19%. This means since the last round, the jump in household spending translates to Rs 2,000 quarterly,” said the Kantar report…
- Online phone sales pick up in April, may hot up in summer 22 June 2024, retail.economictimes.indiatimes.com Online smartphone sales surged in April after a dip in Q1 2024, driven by Chinese brands shifting focus to online channels, as reported by Counterpoint Research…
- Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report 22 June 2024, retail.economictimes.indiatimes.com India’s jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in the products due to hallmarking, according to a Motilal Oswal report…
- Premium luggage maker Eume raises Rs 15 crore in funding round led by Ashish Kacholia 22 June 2024, retail.economictimes.indiatimes.com Eume plans to open its first flagship store this year, starting in Mumbai and tapping the aspirational population in tier II and III cities are among the company’s top priorities. The Mumbai-based luxury brand offer diverse products like luggage, vegan handbags, and accessories, among others. Eume’s sales are split equally between its own website and marketplaces…
- HUL sees modest volume growth in FY25, signalling some respite for demand-starved FMCG sector 22 June 2024, livemint.com Demand for packaged consumer goods has slowed significantly amid rising prices, but Hindustan Unilever Ltd anticipates a modest growth in its volumes this financial year, signalling somewhat improved prospects for the rest of the industry…
- Brain ‘drain’ turning to ‘gain’, India Inc should step up: HUL Chairman 22 June 2024, retail.economictimes.indiatimes.com HUL chairman Nitin Paranjpe discussed the importance of retaining talent in India and mentioned the rising trend of ‘brain-gain’ during the company’s annual general meeting…
- Zomato launches ‘cool new’ real-time order counter, Deepinder Goyal reveals massive 250,000 orders by 11am 22 June 2024, livemint.com launched a new feature which allows users to check the number of live orders in its app, announced Deepinder Goyal, CEO Zomato in a post on X (formerly known as Twitter). The users can now see the number of orders placed all over India…
- Indians think size matters – when it comes to washing machines 22 June 2024, retail.economictimes.indiatimes.com High-capacity washing machines with 9kg+ capacity are gaining popularity in Indian homes, driven by the need to reduce washing cycles and weekend laundry routines. Manufacturers like Whirlpool and BSH are responding with new models and increased production. Market data shows a shift towards higher-capacity units, reflecting changing consumer preferences and optimizing laundry routines…
- DriveX Expands Offline Presence with Six New Stores in Southern India 22 June 2024, retail.economictimes.indiatimes.com DriveX, India’s leading fully integrated pre-owned two-wheeler platform, has announced the opening of six new stores across Karnataka and Tamil Nadu. This expansion represents a significant milestone in their efforts to offer high-quality automotive solutions to more customers in Southern India…
- Top 10 Air Coolers Brands in India: Stay Cool and Save Big! 22 June 2024, indianretailer.com The current heatwave, affecting every part of our lives, has only one solution – a cool breeze until the rain arrives. But why suffer through the relentless heat and rising electricity bills when the perfect solution is within…
- Bakingo Targets QSR Format Bakery Stores across India by 2025 22 June 2024, indianretailer.com In an era where micro-moments and personalized celebrations are the norm, Bakingo stands out as a premier destination for delectable cakes and desserts. Catering to a diverse audience, from young college-goers to mothers planning family celebrations, Bakingo has established itself as a brand synonymous with quality, convenience, and personalization…
- Retail’s Big Show Asia Pacific Wraps Up with Stellar Attendance & Resounding Impact on Retail Future 22 June 2024, indianretailer.com The inaugural NRF 2024: Retail’s Big Show Asia Pacific, organized by the National Retail Federation (NRF) in collaboration with global event organizer Comexposium, concluded successfully, making a significant impact on the future of retail…
- Admiral Partners with Flipkart to Enter Indian Retail Market 22 June 2024, indianretailer.com Admiral, a distinguished American brand with a 90-year legacy in Appliances and Electronics, is celebrating ‘9 decades of Excellence’ this year. The brand is excited to announce its entry into the Indian market in collaboration with Flipkart, a leading retail platform…
- How Omnichannel Strategies Revolutionize Customer Experience 22 June 2024, indianretailer.com Technologies are constantly evolving and further revolutionizing how customers purchase products and services online and offline. The introduction of e-commerce in the 2000s began the online shopping revolution…
- Camaro’s Expansion Plans Extend to the Western and Northern Regions 22 June 2024, indianretailer.com Camaro, a well-established denim and casual wear brand hailing from the city, is charting a course for significant growth with plans to extend its footprint into the western and northern regions of India…
- GRM Overseas Plans Rs 136.5 cr Fund-Raise to Expand 10X Brand in India 22 June 2024, indianretailer.com GRM Overseas, a prominent exporter of Indian basmati rice and a leading player in India’s food FMCG sector, has announced its board’s approval for a fund-raise of Rs 136.5 crore through the issuance of share warrants…
- Anushka Khanna Unveils Vibrant Summer Line ‘To Dye For’ 22 June 2024, indianretailer.com Anushka Khanna, the Mumbai-based designer renowned for her vibrant use of color and intricate prints, has launched her latest summer collection, ‘To Dye For’. This collection celebrates the essence of everyday beauty and the transformative power of color in our lives…
- Whiskey, Rum, and Beyond: Alco-Bev Brands Embrace Digital Transformation 22 June 2024, irecwire.com The alco-bev sector is experiencing a dynamic transformation, driven by innovative consumer engagement strategies, navigating regulatory complexities, and the rise of D2C models…
- Daibiru Corporation invests Rs 1,000 crore in Gurugram building 21 June 2024, realty.economictimes.indiatimes.com This investment facilitated the exit of Abu Dhabi Investment Authority (ADIA), with Hines holding a 33% stake in the joint venture. The project, named Atrium Place, spans 2.88 million square feet across 11.76 acres and is slated for completion in 2025…
- Aim to reduce marketing spends to under 20% of revenue: Good Glamm’s Darpan Sanghvi 21 June 2024, retail.economictimes.indiatimes.com “My long-term goal in the next two years is to bring marketing spending down to under 20% of revenue. So, my aim is to be a 25% EBITDA company three years after listing and the only way to do that is if my marketing spend is around 20% of revenue.” founder and CEO Darpan Sanghvi said…
- Shoppers Stop to launch Armani makeup range, exclusive Armani boutique stores in India 21 June 2024, retail.economictimes.indiatimes.com “In the next 2-4 months, we will be opening 2 Armani boutiques in cities like Mumbai and Delhi and we will further open 5-6 shop-in-shops by December in beauty stores in Shoppers Stop, SSBeauty, Tira, Nykaa, and Sephora,” Biju Kassim, CEO of beauty at Shoppers Stop said…
- Gokaldas to invest Rs 300 cr in Maharashtra fabric unit ahead of possible buyout 21 June 2024, retail.economictimes.indiatimes.com Gokaldas Exports Ltd (GEX), based in Bengaluru, has announced a strategic partnership with BRFL Textiles, a fabric processing company located in Tarapur, Maharashtra. This collaboration involves GEX making an initial investment of Rs 50 crore in BRFL through Optionally Convertible Debentures (OCDs), with a potential total investment of up to Rs 300 crore in phases. The agreement may lead to a merger between the two entities within a year…
- Homegrown toy startup Jammbo eyes a revenue of Rs 150 crore in FY25 21 June 2024, retail.economictimes.indiatimes.com Jammbo, founded in 2023, presently has about 50 products in its portfolio, focusing on ride-on battery toys such as electric cars and bikes. It aims to expand its portfolio to over 200 products by the end of the current fiscal year. The startup has set up its global presence by entering the UAE market. Further, it plans to expand to the U.S. and the U.K. markets this fiscal…
- D2C startup Miraggio to go offline; eyes Rs 100 cr sales this fiscal 21 June 2024, retail.economictimes.indiatimes.com “Miraggio’s success is because of the space that we have created. The handbag market is defined into two segments – below Rs 2,000 and above Rs 6,000 price point. However, the Rs 2,000 to 6,000 bracket is empty. Additionally, post-pandemic the buying preferences of consumers have changed and now the aspirational customer is not limited to tier 1. And in this space, we are the first mover,” founder and CEO Mohit Jain said…
- A third of the 30 fastest growing spirits brands in the world are Indian: Drinks International 21 June 2024, retail.economictimes.indiatimes.com With 100 million people expected to enter the age bracket for legal alcohol consumption in the next five years, most global firms, including Diageo and Pernod Ricard, count India among their top three priority markets…
- India most attractive consumer market across the globe: Fibonacci X report 21 June 2024, retail.economictimes.indiatimes.com India is emerging as the most attractive consumer market globally, with consumption trends merging with large cities. The services sector is expected to drive strong economic growth, and India is poised to be a global hotspot for economic growth. Manufacturing growth has remained stagnant, but future growth depends on new policy initiatives…
- Household spending on food has dropped, increase in non-food items’ expenditure: NSSO survey 21 June 2024, retail.economictimes.indiatimes.com Household spending on food has decreased, with an increase in non-food items’ expenditure, as per the NSSO survey. Rural areas saw a 164% spending increase since 2011-12.3..
- Titan Expands Retail Footprint in Chennai with New Brand Outlets 21 June 2024, indianretailer.com Titan Company Ltd has announced a significant expansion of its retail presence in Chennai, India, with the opening of new brand outlets across its diverse product portfolio…
- Wildcraft India Partners with Swiggy Instamart and Zepto for Back-to-School Season 21 June 2024, indianretailer.com As schools and colleges gear up for the Back to School/Campus season, Wildcraft India, a leading outdoor brand in the retail sector, has announced a strategic partnership with top quick commerce platforms Swiggy Instamart and Zepto…
- Nikon India Unveils Z6III Mirrorless Camera with Advanced Features 21 June 2024, indianretailer.com Nikon India Private Limited, a wholly-owned subsidiary of Nikon Corporation, introduced the highly anticipated Z6III camera in India at an event held at Eros Hotel, Nehru Place, New Delhi. Reinforcing its commitment to the full-frame mirrorless camera market, Nikon India aims to redefine videography and photography with this new release…
- Tramontina Launches in Mumbai with a Bang, Goes Omnichannel from Day One 21 June 2024, indianretailer.com Tramontina, the globally-trusted houseware brand with a 113-year legacy of quality and innovation, has officially launched in India with an exclusive event in Mumbai…
- ‘Tier II and III Cities are Fueling Beauty Boom’, Mansi Sharma of Boddess Beauty 21 June 2024, indianretailer.com The rise of Indian beauty consumerism can be directly related to the new-age adage that self-care is synonymous with empowerment. Post-COVID, this transformation has accelerated, driven by a surge in digital-first approaches…
- Isntree Debuts on Nykaa with Exclusive Partnership in India 21 June 2024, indianretailer.com In a significant retail development for India, Isntree, a popular South Korean green beauty brand, is launching exclusively on Nykaa, the country’s leading beauty and lifestyle platform. Known for its eco-friendly practices and dedication to sustainability, Isntree aims to provide effective skincare solutions rooted in nature…
- The Moon Store Unveils Freeze-Dried Mango and Strawberry Fruit Flavors 21 June 2024, indianretailer.com The Moon Store, a renowned health food brand has expanded its range of freeze-dried fruits to include mango and strawberry. This summer, both children and adults can relish the juicy sweetness of mango and the tartness of…
- Clay Craft India Debuts AI-Enhanced Porcelain Tableware Range 21 June 2024, indianretailer.com Clay Craft India Private Limited, a leader in the ceramic tableware industry, has launched India’s first digitally printed ceramic tableware collection, TEXTURES…
- Etchcraft Emporium Debuts 50 Exclusive Bracelets For Men And Women 21 June 2024, indianretailer.com Etchcraft Emporium, known for its pioneering instant customization and engraving services, has rolled out its latest collection of 50 men’s and women’s bracelets, aiming to elevate personal style and expression…
- Asaya Beauty Hits $1.5 Mn Mark in Seed Funding 21 June 2024, indianretailer.com Asaya, a leading skincare brand specializing in products for melanin-rich skin, has raised 12 crore (US$ 1.5 million) in seed funding. The funding round was led by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital…
- Go Zero Raises $1.5 Mn in Pre-Series A Funding 21 June 2024, indianretailer.com Ice cream brand Go Zero has secured $1.5 million in a follow-on pre-Series A funding round which was led by existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures, among others…
- Mom & pop stores vs new kids on the block 20 June 2024, retail.economictimes.indiatimes.com Tech-enabled players running self-service outlets like Frendy, SuperK, and Kirana King are challenging traditional kirana stores post-Covid. These modern trade stores have digital apps for orders and sourcing, contributing 4% to FMCG sales and up to 10% in premium categories…
- We are looking at 30 pc CAGR for Zoya over next 3 years: Titan’s Ajoy Chawla 20 June 2024, retail.economictimes.indiatimes.com The brand, which closed the last fiscal little shy of Rs 300 crore is eying to hit the Rs 1,000 crore mark over the next 4-5 years…
- Virat Kohli and Accel-backed WROGN gets Rs 125 crore from Aditya Birla’s TMRW 20 June 2024, retail.economictimes.indiatimes.com TMRW House of Brands, a venture of Aditya Birla Group, has invested Rs 125 crore in WROGN, a youth brand in casual wear founded by Anjana and Vikram Reddy in 2014. The investment adds another leading fashion brand to TMRW’s portfolio, enhancing WROGN’s growth trajectory in the competitive fashion industry…
- Consumer Affairs Secy cautions e-commerce on ‘unfair’ dark patterns 20 June 2024, retail.economictimes.indiatimes.com The Department of Consumer Affairs, which notified guidelines to prevent dark patterns in November 2023, has specified 13 such designs, including false urgency alerts, subscription traps, bait-and-switch pricing and nagging tactics…
- No consistency in displaying labels of star-rated ACs, fans on e-commerce sites, says study 20 June 2024, thehindubusinessline.com Sweltering temperatures have pushed up the need for consumers to go online either to buy or research for energy-efficient air-conditioners (ACs) and ceiling fans. However, a study reveals that there is no consistency in listing of star-labels by e-commerce platforms…
- Flipkart, Amazon ramping up their beauty business, eye small-town shoppers 20 June 2024, livemint.com E-commerce giants like Flipkart and Amazon are aggressively expanding their beauty and personal care (BPC) business…
- Groceries being delivered in Gurugram through drones, along with healthcare supplies: Skye Air CEO 20 June 2024, retail.economictimes.indiatimes.com “We started with two drones and now our company has 30 drones. If you compare it with traditional methods, drones have countless advantages, especially in busy urban areas like Gurugram. First of all, drone delivery provides fast and efficient services as it is able to easily bypass traffic. This not only reduces delivery time but also eliminates traffic congestion and carbon emissions, promoting a sustainable and environmentally friendly logistics solution,” Skye Air CEO Ankit Kumar said…
- Jewellery business shift to organised market: What’s the way to do it? 20 June 2024, retail.economictimes.indiatimes.com The jewellery sector in India is experiencing a shift towards formalisation, with the organised market growing rapidly. Players need to focus on inventory management and customer experiences for success. Top retailers are expanding into new geographies, with a franchise model proving successful. Market trends indicate a significant move towards branded jewellery purchases…
- Luxury sales are flattening amid creativity crisis 20 June 2024, retail.economictimes.indiatimes.com Sales of personal luxury goods grew by four per cent to 362 billion euros (about USD 388 billion) from 349 euros in 2022, due largely to a resurgence of U.S. and Asian tourism to Europe fueling purchases. Add in luxury travel, fine art, cars and yachts, the vast global luxury market expanded to 1.5 trillion euros last year – highlighting a trend toward experiences over tangible goods…
- Retailers report only 3% growth in sales in May 20 June 2024, retail.economictimes.indiatimes.com Retail businesses across regions have indicated growth in sales compared to May 2023, with South India showing the highest increase at 4%, followed by East and West India at 3% each, and North India at 2%…
- More food processing units across country will boost farmer income, generate employment: Chirag Paswan, Minister of Food Processing 20 June 2024, retail.economictimes.indiatimes.com “India’s food processing capabilities have immense potential. Unfortunately, still we haven’t even tapped 10% of the sector’s potential. Both international and local markets have immense possibilities in store for our food processing sector,” Chirag Paswan, Union Minister of Food Processing Industries Paswan noted…
- Unrelenting heat sets AC demand on fire, scorches buyers’ pockets as India’s torrid summer goes on and on 20 June 2024, retail.economictimes.indiatimes.com As an unprecedented heat wave drives much of India indoors, AC prices have shot up in most regions of the country. Along with prices, sales too have jumped conspicuously. For some players, keeping pace with rising demand has become quite a task, leading to shortages in several parts of the market…
- Richa Ahluwalia Opens Flagship Store in Defence Colony 20 June 2024, indianretailer.com Fashion designer Richa Ahluwalia has opened her flagship store in Defence Colony, New Delhi, according to a press release. This new venture aims to strengthen her presence in the retail market in India…
- ShopClues’ $12 Mn Export Run Rate Set to Skyrocket to $100 Mn by Year-End 20 June 2024, indianretailer.com Founded in 2011, ShopClues started with a mission to provide a seamless shopping experience, offering a vast array of products across numerous categories. Over the years, it has grown exponentially, catering to millions of customers and sellers alike…
- Top 10 Sports Shoe Brands in India 20 June 2024, indianretailer.com India’s sports footwear market is experiencing an unprecedented surge, driven by a growing fitness consciousness, a burgeoning fashion influence, and significant technological advancements…
- Wholesale vs. Retail: What’s the Difference in 2024? 20 June 2024, indianretailer.com The global wholesale market has experienced robust growth in recent years, with its size projected to increase from $49,488.7 billion in 2023 to $53,017.84 billion in 2024, reflecting a CAGR of 7.1 percent…
- Flipkart Opens New Grocery Fulfillment Center in Jaipur to Meet Rising Demand 20 June 2024, indianretailer.com Flipkart, India’s leading e-commerce marketplace, has launched a new grocery fulfillment center (FC) in Jaipur, Rajasthan, enhancing its retail capabilities and commitment to consumer preferences…
- How India Plans to Achieve 8% GDP Growth in FY25 20 June 2024, indianretailer.com India’s economy is set for a significant upswing, with an estimated GDP growth of 8 percent in FY25, according to newly elected CII President Sanjiv Puri. This projection was based on the expectation of next-generation reforms being implemented in a mission mode…
- Coca-Cola India Introduces 100 pc Recycled PET Bottles in Orissa 20 June 2024, indianretailer.com Coca-Cola India is taking a significant step towards promoting a circular economy with the launch of Coca-Cola in ASSP (Affordable Small Sparkling Package) using 100 percent recycled PET (rPET) in 250ml bottles, starting in Orissa…
- Top 10 Beers under Rs 400 in India: Sip without Splurge 20 June 2024, indianretailer.com India’s beer scene offers a wide variety of flavors, ranging from crisp lagers and robust ales to velvety stouts and zesty wheat beers. This sector blends traditional brews with modern choices, making it an interesting area to explore…
- It was ‘closing’ time for many retailers in FY24; V-Mart, W, Aurelia among cos that downed more shutters 19 June 2024, retail.economictimes.indiatimes.com Retail chains like Pantaloons, Spencer’s Retail, and Nature’s Basket have closed down more stores in 2023-24 than they opened new ones, leading to a drop in their total store count. V-Mart Retail, W, Aurelia, and Titan Eye+ had higher store closures than openings in the January to March quarter. Pantaloons store count dropped from 431 in FY23 to 417 in FY24, with 33 stores closed to improve network quality…
- Helios to increase revenue share of premium Swiss watches by 10 pc 19 June 2024, retail.economictimes.indiatimes.com The brand, which offers 10 premium brands like Swarovski, Victorinox, Movado, Frederique Constant, Versace, Tissot, Balmain, and Xylys, has recently expanded its portfolio further by introducing Charriol, Swiss luxury watchmaker to the Indian market through an exclusive partnership…
- Cricketer Muttiah Muralitharan to scale up investments in his Chamarajnagar soft drink unit 19 June 2024, retail.economictimes.indiatimes.com Sri Lanka’s cricket icon Muttiah Muralitharan met with Industries Minister MB Patil to discuss plans for expanding his soft drink manufacturing business in Karnataka. Muralitharan aims to increase investments in his greenfield unit located in Chamarajanagar district, initially planned at Rs 1000 crore, to Rs 1400 crore. He also expressed commitment to his project in Dharwad for manufacturing beverage cans…
- Amazon announces expansion of its grocery service unit to over 130 cities 19 June 2024, retail.economictimes.indiatimes.com “Amazon Fresh is reshaping grocery shopping in India. We bring fresh produce and daily essentials right at the doorsteps of our customers across 130 cities in India. Our expansion and focus on quality products demonstrate our commitment to serve customers and offer them the best online shopping experience for fresh produce and daily essentials. Further, customers can avail benefits from cashback, offers, and bank discounts, adding value to their every purchase.”Srikant Sree Ram, Director, Amazon Fresh IN said…
- Third Wave Coffee will add over 50 stores, expand to new cities: CEO Rajat Luthra 19 June 2024, retail.economictimes.indiatimes.com Third Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, with a focus on Chennai, as stated by new CEO Rajat Luthra…
- Asian Palm Oil Alliance urges HUL to reconsider its decision to reduce use of palm in soaps by 25% 19 June 2024, retail.economictimes.indiatimes.com ET had reported that HUL is reducing use of palm and its derivatives in soap by 25% to offset volatility in commodity prices as well as for environmental reasons…
- Radico Khaitan brings Rampur Asava whisky to Indian markets 19 June 2024, thehindubusinessline.com Starting with Uttar Pradesh this June, where Rampur Asava Indian Single Malt Whisky will be priced at ₹10,000, the company will expand its launch in States like Delhi, Chandigarh, Punjab, Uttarakhand, Haryana, Telangana and Goa throughout the fisca…
- Maggi sells 6 billion servings, KitKat 4.2 billion fingers in FY24: Nestle 19 June 2024, financialexpress.com Packaged foods major Nestle India delivered over six billion servings of instant noodle brand Maggi and 4.2 billion fingers of chocolate wafer brand KitKat to consumers in FY24, the company disclosed in its latest annual report…
- Kingfisher names Bhavesh Mistry as the next CFO 19 June 2024, retail.economictimes.indiatimes.com Kingfisher Plc, a home improvement retailer, on Monday named British Land finance chief Bhavesh Mistry as its next CFO to replace Bernard Bot who will retire…
- Levi’s Opens Largest Store in India at New Delhi’s Pacific Mall 19 June 2024, indianretailer.com Levi Strauss and Co. has launched its newest Levi’s store in Pacific Mall, Tagore Garden, New Delhi. This 9,150 square feet (approximately 850 square meters) store stands as the largest Levi’s outlet in India and the biggest within a mall globally…
- Balenzia Socks Opens New Store at Jolly Grant Airport 19 June 2024, indianretailer.com Balenzia Socks, India’s leading socks brand, has opened its latest retail store at Jolly Grant Airport in Dehradun. Located in the newly launched terminal, the store aims to meet the diverse needs of both travelers and locals…
- How the Plant-Based Products Market Is Winning Investors’ Favor 19 June 2024, indianretailer.com The plant-based ingredients sector is undergoing a transformative evolution, driven by a significant shift in consumer preferences and innovative advancements within the industry…
- How is B2C Marketing Different from B2B Marketing in Retail? 19 June 2024, indianretailer.com In the dynamic world of retail, understanding the fundamental differences between B2B (business-to-business) and B2C (business-to-consumer) marketing is crucial for businesses aiming to thrive in their respective markets…
- Tramontina’s Retail Blitz: 100 Smart Cities, 800 Touchpoints Set for Kitchenware Takeover 19 June 2024, indianretailer.com With over a century of legacy steeped in precision and passion, Tramontina, the Brazilian houseware brand, renowned globally for its premium cookware, has set its sights on India, marking a significant milestone in its storied history…
- How the Plant-Based Products Market Is Winning Investors’ Favor 19 June 2024, indianretailer.com The plant-based ingredients sector is undergoing a transformative evolution, driven by a significant shift in consumer preferences and innovative advancements within the industry…
- Top 10 Makeup Brands to Help You Stay Waterproof This Summer 19 June 2024, indianretailer.com The global cosmetics market, valued at $374.18 billion in 2023, is projected to nearly double, reaching $758.05 billion by 2032. As the market expands, consumers face unique challenges, particularly finding best makeup during the scorching summer months…
- Mango Strengthens Homeware Line with New Leadership 19 June 2024, indianretailer.com Mango, one of Europe’s leading fashion groups, is expanding its homeware line with the appointment of Nuria Font as the new Director of Mango Home…
- AWWG and G-III Apparel Group Announce Strategic Partnership to Enhance Global Growth 19 June 2024, indianretailer.com Leading global fashion group AWWG has announced a new strategic and investment partnership with G-III Apparel Group, acquiring an approximate 12 percent ownership stake in AWWG…
- Helios Adds Charriol to Its Luxury Lineup 19 June 2024, indianretailer.com Helios has announced an exclusive partnership with Charriol, the Swiss luxury watchmaker, marking a significant expansion of its international offerings in the Indian retail market…
- Nykaa Unveils Growth Plans and Success Story at Annual Investor Day 2024 19 June 2024, indianretailer.com Nykaa, India’s premier omnichannel beauty and fashion retailer, recently showcased its impressive growth trajectory and ambitious future strategies at the Annual Investor Day 2024…
- Coca-Cola offers a $1-billion swig to India Inc families 18 June 2024, retail.economictimes.indiatimes.com Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo’s model of outsourcing bottling operations to Varun Beverages Ltd…
- Ananta Capital acquires 55 pc stake in Anveya Living for an undisclosed amount 18 June 2024, retail.economictimes.indiatimes.com “The fresh capital infused in the business will be utilized towards development and launch of new products across hair and skincare categories and expand in the global markets,” said Vivek Singh and Saurav Patnaik, co-founders of Anveya Living…
- Vivo set to open Rs 3,000-cr India facility in July 18 June 2024, retail.economictimes.indiatimes.com Chinese smartphone maker Vivo is set to inaugurate one of India’s largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore…
- Fashion & Apparel sector emerge front-runners in India’s retail landscape: JLL 18 June 2024, retail.economictimes.indiatimes.com “The organised retail market in India has witnessed a surge in new developments over the past few years, leading to a heightened velocity of launches across urban centres and emerging cities. This has motivated retailers to expand their footprint into newer micro-markets, bringing them closer to consumers,” said Rahul Arora, Head of Office Leasing and Retail Services, India, and Senior Managing Director (Karnataka, Kerala) JLL…
- India one of fastest-growing markets globally for Nestle, to focus on innovations 18 June 2024, retail.economictimes.indiatimes.com Nestle India, led by Chairman & Managing Director Suresh Narayanan, is experiencing rapid growth in the Indian market. The company is investing in new areas, including setting up a factory in Odisha, to drive long-term value…
- New Me to open 75 stores by FY 26 end; eyes 40 pc revenue from offline 18 June 2024, retail.economictimes.indiatimes.com So far, the brand operates 5 stores – two in Bengaluru, one each in Hyderabad, Mumbai, and Chandigarh…
- Quick may click with electronics too: Instamart, BBNow, others plan to extend superfast delivery to handsets, white goods by Diwali 18 June 2024, retail.economictimes.indiatimes.com Swiggy Instamart, Zomato, and BigBasket plan to expand quick commerce services to electronic products and white goods categories, delivering within 10-45 minutes by Diwali…
- India’s non-cash payments on e-commerce platforms surges to 58.1% from 20.4% six years ago 18 June 2024, retail.economictimes.indiatimes.com Options for payment other than traditional cash include UPI, debit cards and credit cards among others.”This significant uptake of alternative payment solutions can be attributed to the widespread usage of mobile wallets, largely driven by UPI, which facilitates mobile payments in real-time simply by scanning QR codes,” GlobalData report elaborated…
- Amul seeks return of ice cream tub from Noida customer for investigation after centipede complaint 18 June 2024, retail.economictimes.indiatimes.com Amul has asked a woman in Noida to return an ice cream tub containing a centipede for further investigation, asserting its superior dairy product quality in India and globally. ..
- QSR chain Charcoal Eats gets ₹45 crore on its plate 18 June 2024, retail.economictimes.indiatimes.com “The capital will be used for distribution expansion, brand building, technology and international expansions. The funds will help widen our reach to over 100 multi-format stores in the current fiscal, as well as expand globally, especially in the US,” Charcoal Eats co-founder KrishnakantThakur told ET…
- Changing customer behaviour, focus on sustainability present new challenges and opportunities for the dairy industry 18 June 2024, retail.economictimes.indiatimes.com The rising popularity of plant-based diets and lactose intolerance has also spurred the demand for dairy alternatives. “FMCG companies have the opportunity to diversify their product portfolios by introducing plant-based dairy alternatives made from almonds, soy, oats and other plant sources…
- Operating profit margin for India Inc to remain steady at 15-18 pc in Q1 FY25: Report 18 June 2024, retail.economictimes.indiatimes.com The evolution of the global economic scenario and the onset and intensity of the monsoons in India would remain a key monitorable over the near term, according to ICRA. The 5 per cent YoY and 6.3 per cent sequential revenue growth for corporate India in Q4 FY2024 was supported by healthy demand in consumer-oriented sectors like airlines, hotels, automotive and FMCG,” said Kinjal Shah, senior vice president and Co-Group Head-Corporate Ratings, ICRA Limited…
- Wearables device segment sees slower growth in March quarter but players remain bullish on outlook 18 June 2024, thehindubusinessline.com The wearable device segment witnessed sluggish growth trends in the March quarter but players said they continue to have a bullish outlook…
- Zomato confirms discussions to acquire Paytm’s movies, ticketing business 17 June 2024, retail.economictimes.indiatimes.com Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm’s ticketing business, as reported by ET on June 16. The company added that “no binding decision” has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore…
- With 30 pc topline growth, Godrej Appliances expects to join billion-dollar club in FY25 17 June 2024, retail.economictimes.indiatimes.com Godrej Appliances aims to become a billion-dollar company by the end of FY25 with a 30% growth in sales, focusing on new product launches and market expansion. In categories such as air-conditioner, Godrej Appliances recorded over 100 per cent growth in sales, as some other makers have reported…
- New-age brands bet big on omnichannel strategy, says Fireside Ventures’ Vinay Singh 17 June 2024, retail.economictimes.indiatimes.com Apart from this, brands based out of metro and tier I cities are innovating by offering personalization, customization, and elevated brand experiences…
- As Indians acquire healthier tastes, food companies pack it in 17 June 2024, retail.economictimes.indiatimes.com Indians are increasingly shifting towards consumption of low-salt, low-sugar, and nutrition-fortified packaged food, reflecting a growing trend towards healthy eating habits. Sales of such products have risen in the last five years, with urban India leading the shift, although rural areas are also seeing an increase. ..
- The make-up reality: East India eyes it, faces it, nails it 17 June 2024, retail.economictimes.indiatimes.com East India accounts for over a third of all cosmetics sold in India, with higher makeup usage per person compared to other regions. Companies like Modi Enterprises, selling Colorbar brand, find the region a hotspot for launches and product innovation…
- Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas 17 June 2024, retail.economictimes.indiatimes.com Voltas projects India’s room air-conditioner (RAC) market to grow at a robust 12% CAGR, reaching Rs 50,000 crore by FY 2028-29. Intense competition from domestic and global players is expected to escalate, driven by rising summer temperatures, disposable incomes, and consumer finance accessibility. Voltas aims to bolster market leadership through expanded outlets…
- SoulTree Unveils First Soul Sanctum Store in Mumbai 17 June 2024, indianretailer.com SoulTree, recognized as the world’s FIRST Ayurvedic brand certified ‘Organic’ by BDIH, Germany, proudly unveils its inaugural Soul Sanctum Store in Mumbai, marking a significant milestone in its global expansion journey…
- Beyond Borders: How WhatsApp Marketing is Redefining Global Reach for Retailers 17 June 2024, indianretailer.com Globalization sees a new dawn every day on the back of flourishing technological advancements in the digital realm of commerce. With a wide range of marketing channels in the digital sphere, brands keep trying newer engagement strategies to reach the right audience…
- The Rise of Social Commerce: Leveraging Social Media Platforms for Online Sales Growth 17 June 2024, indianretailer.com The digital age has brought about a paradigm shift in how we shop, interact, and engage with brands. One of the most significant developments in this transformation is social commerce…
- How Blix Education is Changing STEM Education with Engineering Play 17 June 2024, indianretailer.com Abbas Gabajiwala’s journey with Blix Education began long before the brand itself was conceptualized. As a young boy, Abbas was deeply inspired by MECHANIX, an engineering toy created by his father’s company…
- Godrej Appliances Enhances R&D Capabilities Through Infrastructure Expansion 17 June 2024, indianretailer.com Godrej Appliances, a division of Godrej & Boyce, has recently unveiled the expansion of its Research and Development facility located in Pirangut, Pune. The inauguration of the R&D Centre Annexe was presided over by Jamshyd N. Godrej, the Chairman & Managing Director of Godrej & Boyce…
- ‘New Gen’ prospects: Young China, India consumers still set to drive luxury food and beverage retail despite slower economy 17 June 2024, foodnavigator-asia.com Younger millennial consumers from China and India are still set to be the biggest drivers of luxury food and beverage purchasing, despite the generally slower economic conditions in the region and globally…
- Auris Galleria High Street Retail & Commercial Project Receives OC 15 June 2024, rprealtyplus.com Auris Galleria, the premier high-street retail and commercial project at Malad West, developed by Transcon Developers and Sheth Creators, proudly announces the receipt of its Occupation Certificate (OC)…
- Assotech Announces Expansion With 14 New Project Launches Across India 15 June 2024, rprealtyplus.com Assotech Group, a leader in real estate innovation and excellence, is set to embark on an ambitious expansion plan with the launch of 14 new projects across key growth cities in India…
- Stop, thief! Retail in a spot as customers go big on ‘stocktaking’ 15 June 2024, retail.economictimes.indiatimes.com As a percentage of sales, shrinkage has risen at retail chains in India with industry executives attributing this to the rise in thefts amid growth in sales volumes…
- Nykaa Fashion aims to become EBITDA positive in FY26 15 June 2024, retail.economictimes.indiatimes.com Nykaa said that till FY28, it is eyeing a CAGR of mid-to-late 20s for its beauty business. Nykaa drives 84 per cent of its net sales value from the beauty business followed by fashion. In the next 5 years, the company expects fashion’s share to increase to 21 per cent…
- Human finger fallout: Yummo ice cream off quick commerce shelves 15 June 2024, retail.economictimes.indiatimes.com Yummo products removed from Blinkit and Zepto after human finger found in Mumbai. Customer files police complaint. Walko Foods halts manufacturing at third-party facility. NIC brand products still available. Walko Foods raised $20 million from Jungle Ventures. Concerns over food safety with quick commerce platforms growing…
- No reduction in consumer market frauds despite regulatory changes: KPMG survey 15 June 2024, retail.economictimes.indiatimes.com As many as 79% of the survey respondents said there has been no reduction in frauds despite regulatory changes, and only 21% responded by saying that frauds have been reduced due to the changes. About 72% of the respondents cited reputational damage as the most severe impact of fraud, whereas 16% believed that financial losses would also impact organisations…
- Gems, jewellery exports fall 5% to Rs 20,713.37 cr in May: GJEPC 15 June 2024, moneycontrol.com The total export of gold jewellery saw 13.1 per cent growth at Rs 5,507.71 crore in May 2024 as compared to Rs 4,807.71 crore in the same period a year ago…
- SoulTree Unveils First Soul Sanctum Store in Mumbai 15 June 2024, indianretailer.com SoulTree, recognized as the world’s FIRST Ayurvedic brand certified ‘Organic’ by BDIH, Germany, proudly unveils its inaugural Soul Sanctum Store in Mumbai, marking a significant milestone in its global expansion journey…
- Zoreko Opens Flagship Center in Gurugram 15 June 2024, indianretailer.com Zoreko – Original Gamers, the newly launched family entertainment center (FEC) situated at the flagship spot in Elan Town Centre on Sohna Road, Sector 67 Gurugram, is revolutionizing the gaming scene with its latest outlet…
- Whirlpool India Partners with HUL to Promote Surf Excel 15 June 2024, indianretailer.com In a strategic move aimed at fortifying their presence in the laundry care segment, Whirlpool of India and Hindustan Unilever Ltd (HUL) have unveiled a new collaborative marketing alliance focusing on Surf Excel, the flagship laundry brand under HUL’s umbrella…
- How to Start your T-Shirt Business in the Booming Indian Market 15 June 2024, indianretailer.com The t-shirt business in India is witnessing exponential growth, with its market value currently estimated at Rs 23,211 crore. It is projected to grow at a compound annual growth rate (CAGR) of approximately 10 percent over the next decade, potentially reaching a staggering Rs 61,954 crore by 2027…
- The Rise of Social Commerce: Leveraging Social Media Platforms for Online Sales Growth 15 June 2024, indianretailer.com The digital age has brought about a paradigm shift in how we shop, interact, and engage with brands. One of the most significant developments in this transformation is social commerce…
- How OgmentO is Leading the Charge in Retail Automation 15 June 2024, indianretailer.com With India’s D2C scenery witnessing unprecedented growth, successful brands like SUGAR and BoAt face challenges in maintaining their authentic bond with customers while expanding offline…
- Amazon Takes Over Video Streaming Platform MX Player 15 June 2024, indianretailer.com As a strategic move to broaden its offerings in India’s flourishing video streaming sector, Amazon has reached an agreement to acquire MX Player. With MX Player joining Amazon’s repertoire alongside services such as Prime Video and MiniTV, the US tech behemoth aims to further solidify its presence in the market…
- Snapdeal Partners with Bhashini to Foster Digital Inclusion Across India 15 June 2024, indianretailer.com Snapdeal, India’s leading value-focused e-commerce platform, has signed a Memorandum of Understanding (MOU) with Digital India Bhashini, an Independent Business Division established by MeitY within DIC, to develop services and products focused on enhancing language translation efforts to promote digital inclusion in India…
- How Magniflex India is Transforming Sleep with Sustainable Luxury 15 June 2024, irecwire.com While Magniflex’s main channel of sales remains its strong dealer network, the company is expanding into the direct-to-consumer (D2C) space…
- Toshiba Launches C350NP Smart Google TV with Dolby Vision and Atmos from Rs. 26,999 15 June 2024, indianretailer.com Toshiba, renowned for its innovation in consumer electronics, has introduced the C350NP Smart TV, marking a new era in home entertainment. This cutting-edge Google TV boasts an ultra-thin bezel design for seamless navigation and a user-friendly experience…
- Godrej Appliances Enhances R&D Capabilities Through Infrastructure Expansion 15 June 2024, indianretailer.com Godrej Appliances, a division of Godrej & Boyce, has recently unveiled the expansion of its Research and Development facility located in Pirangut, Pune…
- TCPL Targets Doubling FY25 Capex to Rs 785 Cr 15 June 2024, indianretailer.com Tata Consumer Products Ltd. (TCPL) is set on becoming a comprehensive FMCG company with plans to enter new product categories and has announced more than doubling its capital expenditure to Rs 785 crore for FY25…
- Dollar Industries Plans Southern Expansion with 50 New Outlets 15 June 2024, indianretailer.com Dollar Industries Ltd has unveiled a strategic expansion plan for South India, marking a significant move to strengthen its presence in this key market…
- Signatureglobal (India)’s subsidiary buys 3.8 acres land in Gurugram 14 June 2024, realty.economictimes.indiatimes.com Sternal Buildcon, a wholly-owned subsidiary of Signatureglobal (India) (SGIL) has executed a sale deed to purchase the land admeasuring approximately 3.80625 acres situated at Sector 37D, Gurugram…
- Amazon to lease over 1.1 million sq ft in Bengaluru 14 June 2024, realty.economictimes.indiatimes.com Sattva Group has built a new office tower at Sattva Horizon business park near the international airport. The 11-storey building will be able to accommodate more than 7,000 employees, and Amazon will be the sole occupant…
- Ice cream nightmare highlights quick commerce’s food safety issues 14 June 2024, retail.economictimes.indiatimes.com A Mumbai customer found a human finger in Yummo brand ice-cream from Zepto, leading to safety concerns. Walko Foods, the owner of Yummo, took the incident seriously and halted manufacturing at the third-party facility…
- Mondelez signs licensee agreement with Lotus Bakeries to make and sell its iconic cookie brand Biscoff in India 14 June 2024, retail.economictimes.indiatimes.com At present, Biscoff is mostly imported in India and carries a significant premium price-tag, something that could come down significantly once Mondelez starts local manufacturing…
- Nykaa may grow at 20% CAGR till FY27: Jefferies 14 June 2024, retail.economictimes.indiatimes.com Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of about 20% between FY24 and FY27, as forecasted by brokerage firm Jefferies. In FY24, Nykaa’s BPC segment was up 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore…
- Nykaa may grow at 20% CAGR till FY27: Jefferies 14 June 2024, retail.economictimes.indiatimes.com Beauty and fashion retail brand Nykaa is projected to grow at a compound annual growth rate (CAGR) of about 20% between FY24 and FY27, as forecasted by brokerage firm Jefferies. In FY24, Nykaa’s BPC segment was up 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore…
- Tata Consumer Products chairman N Chandrasekaran highlights India’s long-term consumer market potential 14 June 2024, retail.economictimes.indiatimes.com India’s consumer market represents a long-term structural opportunity, driven by population, a growing middle class, rapid urbanisation, increasing disposable incomes and raising aspirations, Tata Consumer Products Ltd Chairman N Chandrasekaran said on Thursday. The Tata group’s FMCG arm is well positioned to capitalise on the significant opportunity, he said, while addressing the annual general meeting (AGM) of TCPL…
- SAIF Partners pares around 6% stake in Senco Gold for Rs 433 crore 14 June 2024, retail.economictimes.indiatimes.com According to the bulk deal data available on the BSE, SAIF Partners India IV offloaded 45,07,487 shares, amounting to a 5.8 per cent stake in Senco Gold. The shares were disposed of at an average price of Rs 960.02 apiece, taking the deal value to Rs 432.72 crore…
- Dollar Industries sets sights on southern expansion with 50 new outlets 14 June 2024, retail.economictimes.indiatimes.com Under its ‘Vision South India’ initiative, Dollar Industries anticipates a 50-per cent surge in sales from markets in that region compared to the current year, officials said…
- Ajay Devgn’s NY Cinemas launches multiplex in Gurugram; plans 20 more screens this year 14 June 2024, retail.economictimes.indiatimes.com Ajay Devgn, founder of NY Cinemas stated, “NY Cinemas is expanding and making its way to Gurugram, Delhi NCR. Our endeavour is to create an impeccable experience for audiences watching films at the theatre.” Founded in 2017, the multiplex chain has expanded its presence to 14 cities with the current launch and has plans to introduce 20 more screens this year across the country...
- KidZania to set up more theme parks across India 14 June 2024, retail.economictimes.indiatimes.com Imagination Edutainment India, backed by Shah Rukh Khan, is planning to expand KidZania indoor theme parks in top Indian cities. The company recently launched ‘KidZania Neighborhood’ for toddlers aged 1-6. KidZania operates in Mumbai and Delhi and is in talks for a Bengaluru location. Brands partner with KidZania for immersive experiences…
- Economy to grow at 8% in FY25, green shoots visible in rural consumption 14 June 2024, livemint.com Industry body Confederation of Indian Industry (CII) expects the country’s economy to grow at 8% in FY25, its fourth consecutive year of above 7% growth, according to Sanjiv Puri, its newly elected president, who is also chairman and managing director of consumer goods major ITC Ltd…
- Beauty and personal care sector to surge to $90 billion in 15 years: HSBC Global Research 14 June 2024, thehindubusinessline.com The beauty and personal care industry’s gross merchandise value is expected to reach $90 billion over the next 15 years, growing at 5x, as per a report released by HSBC Global Research. This is attributed to growing per capita consumption on beauty products, driven by rising adoption of online shopping…
- Cut and Style Salon Opens New Outlet in Lucknow 14 June 2024, indianretailer.com Leading beauty and wellness brand Cut and Style Salon has announced the opening of its newest outlet in Lucknow. Located in the bustling Vishal Khand area of Gomti Nagar, the new salon aims to cater to both beauty enthusiasts and wellness seekers in India’s retail market…
- Jewels by Preeti Plans Major Retail Expansion in India 14 June 2024, indianretailer.com Jewels by Preeti, a leading diamond manufacturer in India, has announced an ambitious plan to open 15 retail stores across major cities in India by the end of this year…
- How to Start your T-Shirt Business in the Booming Indian Market 14 June 2024, indianretailer.com The t-shirt business in India is witnessing exponential growth, with its market value currently estimated at Rs 23,211 crore. It is projected to grow at a compound annual growth rate (CAGR) of approximately 10 percent over the next decade, potentially reaching a staggering Rs 61,954 crore by 2027…
- Top 10 Pet Care Brands, Market Reaching $427.75 Bn by 2032 14 June 2024, indianretailer.com The current value of the pet care industry worldwide is expected to skyrocket to $246.66 billion in 2023 and reach $427.75 billion by 2032, indicating unparalleled development in this business…
- Home Décor Brand Trampoline Bags $5M Funding 14 June 2024, indianretailer.com Trampoline, a burgeoning cross-border B2B Home Décor brand, has announced the conclusion of its $5 million seed funding round. Spearheaded by leading investment firms Matrix Partners India and WaterBridge Ventures, the round also saw significant participation from Alteria Capital, contributing an additional $2 million in venture debt…
- Pain Relief Brand Moov Expands Product Portfolio 14 June 2024, indianretailer.com Moov, India’s leading pain relief brand, has launched ‘Moov Cool’, a new product inspired by cold therapy. Infused with menthol, the product is designed to offer relief from muscle and joint pain caused by injuries, sprains, strains, and muscle soreness associated with an active lifestyle…
- Influencers Fuel India’s E-Commerce Boom 14 June 2024, retail.economictimes.indiatimes.com India’s digital economy is forecasted to reach an impressive $800 billion by 2030, according to a report from Invest India. The e-commerce industry is expected to grow by $325 billion in the same year…
- Brigade Group To Invest Rs 8,000 Cr In Chennai & Launch 15 Mn Sft By 2030 13 June 2024, rprealtyplus.com Leading real estate developer, Brigade Group announced the launch of Brigade Icon Residences, part of an exquisite high-end mixed-use development located in the heart of Chennai’s historic Mount Road…
- Uttar Pradesh government halts cancellation of land allotment to M3M group in Noida 13 June 2024, realty.economictimes.indiatimes.com The UP government had on May 10 cancelled the allotment of plots located in Noida’s Sector 72 and Sector 94 on grounds that the allotment through e-tender process was done in violation of rules. Subsequently, the Noida Authority had sealed the project sites…
- Apple becomes the first $1 trillion global brand, Kantar says 13 June 2024, retail.economictimes.indiatimes.com The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed by Alphabet’s Google at $753 billion and Microsoft at $713 billion, Kantar said. Earlier this week, Apple unveiled new AI features, which are expected to rekindle demand for iPhones and reverse a sales decline for its biggest-selling product due to choppy consumer spending and resurgent tech rivals…
- Nestle India to pay royalty at 4.5% to Swiss parent 13 June 2024, retail.economictimes.indiatimes.com The current royalty licence fee remains at 4.5%, net of taxes, under the existing General Licence Agreements with the Swiss parent, who is the licensor. Nestle India stated that the board’s approval for the royalty rate will be reviewed every five years, in line with regulatory requirements…
- D2C brands reduce ads amid complaints about misleading claims 13 June 2024, retail.economictimes.indiatimes.com Large direct-to-consumer (D2C) brands are scaling down advertisements and influencer posts due to complaints about misleading ad claims and violations of the Advertising Standards Council of India (ASCI) code. Honasa Consumer, owner of Mamaearth, has reduced influencer posts after being named the biggest violator of advertising content for FY24. Other D2C players like HealthKart, FirstCry, and Lenskart were also noted as violators. ASCI’s report highlighted misleading claims and promotion of harmful products as common violations. Brands are now enhancing internal protocols to ensure compliance with regulations and minimize violations…
- Reliance Retail’s Tira partners with Mira Kapoor to launch skincare brand 13 June 2024, retail.economictimes.indiatimes.com Isha Ambani-led Reliance Retail’s beauty venture, Tira, has partnered with angel investor Mira Kapoor to launch skin care brand – Akind, under its private label portfolio…
- Costa Coffee posts 49 pc rise in revenue to Rs 152 cr in FY24, adds 67 new stores 13 June 2024, retail.economictimes.indiatimes.com British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago period, it said…
- Whirlpool of India and HUL enter collaboration to market Surf Excel 13 June 2024, retail.economictimes.indiatimes.com Appliance as washing machine maker Whirlpool of India and Hindustan Unilever Ltd (HUL) on Wednesday announced a new marketing alliance for Surf Excel, the laundry brand of the leading FMCG maker. As per the alliance, both brands will have joint marketing initiatives…
- Luxury retail poaches talent from hospitality and aviation as demand rises 13 June 2024, livemint.com Mumbai/New Delhi: Sara Mukadam, a retail executive at an upscale mall in Mumbai, is engaging Friday afternoon shoppers with the intricacies of a high-end leather goods brand’s latest collection…
- Restaurants face the heat in summer of ’24, business drops by up to 40 per cent 13 June 2024, retail.economictimes.indiatimes.com Temperatures in and around Delhi have hit all time highs this summer. On May 29, the day’s maximum temperature of 46.8 degrees Celsius, recorded at the primary weather station Safdarjung Observatory, was a 79-year high. It broke the previous record of 46.7 degrees Celsius, registered on June 17, 1945. In Najafgarh area, temperatures soared even higher…
- Organised Paints Sector to Double Capacity with Rs 19,000 Cr Investment by 2027 13 June 2024, indianretailer.com The organised paints sector in India is on the cusp of a significant transformation, with production capacity poised to nearly double to approximately 7.8 billion litres per annum (blpa) between fiscal years 2024 and 2027…
- Tira Unveils New Skincare Brand Akind 13 June 2024, indianretailer.com Tira, the omnichannel beauty retail platform of Reliance Retail, has announced the launch of its new skincare brand, Akind. Co-founded by Mira Kapoor, Akind was introduced at Tira’s flagship store at Jio World Drive in Mumbai…
- Mamaearth Expands Retail Presence in India through Reliance Retail Partnership 13 June 2024, indianretailer.com Honasa Consumer Limited, owner of the fast-growing personal care brand Mamaearth, has announced that its products are now available at over 1,000 Smart Bazaar and Smart Point stores across India…
- The Meteoric Rise of Q-Commerce in India, Estimated to be 3X by 2029 13 June 2024, indianretailer.com Quick commerce, or Q-commerce, is revolutionizing the consumer internet sector in India, driven by the need for speed and convenience in modern shopping…
- The Den Bengaluru Appoints Priyanka Rao as New Head of Human Resources 13 June 2024, indianretailer.com Mysore Saree Udyog, a name synonymous with tradition and elegance in the world of ethnic wear, introduces its latest masterpiece: the captivating Scented Sarees Collection…
- Foxtale Secures $18 mn in Series B Funding 13 June 2024, indianretailer.com D2C skincare brand Foxtale has successfully raised $18 million (approximately Rs 150 crore) in its Series B funding round, led by Singapore-based Panthera Growth Partners…
- Deepika Padukone’s 82°E to Bags Rs 50 cr from Ka Enterprises and Others 13 June 2024, indianretailer.com Bollywood actor Deepika Padukone’s direct-to-consumer (D2C) personal care startup, 82°E, is set to raise Rs 50 crore (around $6 million) from both new and existing investors…
- Embracing Unified Commerce in FMCG 13 June 2024, irecwire.com In the dynamic landscape of Fast-Moving Consumer Goods (FMCG), companies face unique challenges when trying to implement unified commerce, primarily due to the lack of direct control over retail front-end operations…
- Telangana Government To Offer SOPs To Realty Sector 13 June 2024, rprealtyplus.com The Den Bengaluru, a luxury hotel, has announced the appointment of Priyanka Rao as the new Head of Human Resources. Priyanka brings over thirteen years of diverse experience in flagship hotels across India to her new role…
- McDonald’s Announces Leadership Change in North American Supply Chain 13 June 2024, indianretailer.com McDonald’s has announced that Bob Stewart, Senior Vice President and Chief Supply Chain Officer for North America, will retire effective October 1, 2024. Cesar Piña, currently Corporate Vice President of Global Strategic Sourcing for Food and a member of the Global Supply Chain Leadership Team, will succeed him…
- B L Kashyap Secures Orders From DLF City Centre & Sattva Homes 12 June 2024, rprealtyplus.com B L Kashyap & Sons Ltd one of the leading Engineering, Procurement and Construction (EPC) Company has secured two significant orders worth Rs. 1021 crores approx…
- Zomato to infuse INR 300 crore in Blinkit 12 June 2024, retail.economictimes.indiatimes.com Food delivery company Zomato will infuse INR 300 crore into its quick commerce unit Blinkit, as per filings made with the RoC. With this, Zomato has infused nearly INR 2,300 crore since acquiring Blinkit in August 2022…
- Domino’s to double its presence to 4,000 outlets, expand mfg capacity in India 12 June 2024, retail.economictimes.indiatimes.com “Last year, we announced the opening of our world-class facility in Bengaluru and it caters to the entire South India, and now, we are building another facility in Mumbai and it will be operational in the next 12-18 months,” Sameer Batra, president and chief business officer, Domino’s India said…
- Indian D2C brand market poised to hit $61.3 billion by FY27 12 June 2024, retail.economictimes.indiatimes.com The Indian D2C market is set to triple to $61.3 billion by FY27, with a 38% compounded annual growth rate driven by macroeconomic factors like rise in per capita earnings. The market is expected to create 10 million jobs in the retail sector by FY27…
- The Loom goes omnichannel, eyes 10 pc revenue from the offline channel 12 June 2024, retail.economictimes.indiatimes.com Apart from this, the brand is also planning to expand its Delhi-based manufacturing unit from 22,000 sq ft to 40,000 sq ft by January 2025…
- Snapdeal, Bhashini join hands to boost digital inclusion in India 12 June 2024, retail.economictimes.indiatimes.com E-commerce platform Snapdeal on Tuesday signed a MoU with Digital India Bhashini, an independent business division established by the Ministry of Electronics and Information Technology (MeitY) within Digital India Corporation (DIC), to develop services and products focused on enhancing language translation efforts to promote digital inclusion in India. Through innovative use of AI and voice-first technology, we are determined to break down barriers, build greater digital participation, and create a more connected and inclusive digital ecosystem for all Indians,” said Amitabh Nag, CEO of Bhashini…
- Buyers return to stores as gold prices cool down 12 June 2024, retail.economictimes.indiatimes.com Gold prices fell by 4.5% in three weeks, boosting consumer sentiment. Mumbai’s Zaveri Bazaar, Asia’s largest gold market, saw increased activity at jewellers like Joyalukkas and Senco Gold & Diamonds…
- FMCG firms shift to liquid soaps, detergents as buyers go premium 12 June 2024, financialexpress.com Large and traditional fast-moving consumer goods (FMCG) categories such as soaps, detergents and dish wash, which depended on the bar and powder formats, are now seeing the liquid variants gain currency…
- Big liquor, beer brands set to make comeback in state 12 June 2024, retail.economictimes.indiatimes.com Many liquor brands which had gone off the shelves in the last five years, are making a comeback in Andhra Pradesh.While some whiskey and beer brands made a comeback a few days before the Model Code of Conduct (MCC) came into force, most brands were not available as the previous YSRCP govt stopped payments to suppliers, including alcobev majors like AB InBev, Diageo, United Breweries and United Spirits…
- Pankaj Rana appointed as CEO of Hisense 12 June 2024, retail.economictimes.indiatimes.com Hisense India has appointed Pankaj Rana as its new CEO, replacing Pranab Mohanty. Rana, a seasoned industry veteran with over two decades of experience, will lead the company’s strategic initiatives, drive business growth, and expand the customer base. He will also strengthen the brand presence…
- Online Sales of Babycare Products in Tier II & III Cities Soar by 30 pc in FY24 12 June 2024, indianretailer.com The landscape of e-commerce in India is witnessing a significant transformation, particularly in Tier II and III cities, where the demand for babycare products is soaring. This surge is not just a fleeting trend but a reflection of deeper changes in consumer behavior and market dynamics…
- H&M India Launches Home Concept in Hyderabad 12 June 2024, indianretailer.com H&M India, an international retailer renowned for offering fashion and quality at the best price sustainably, has introduced its H&M Home concept at Inorbit Mall, Madhapur…
- Revolutionizing eCommerce Through Innovation & Excellence, GreenHonchos Wins Prestigious Digital Transformation of the Year Award 12 June 2024, indianretailer.com In a remarkable testament to its unwavering commitment to technological advancement, digital commerce, and unparalleled service delivery, GreenHonchos has been awarded the coveted Digital Transformation of the Year Award 2024 at the recent IReC Forum organized by Indian Retailer in Bengaluru…
- Nykaa Launches Second Luxe Store in Jaipur’s Pink City 12 June 2024, indianretailer.com Nykaa, India’s premier beauty and fashion retailer, has unveiled its second Luxe Store at JLN Marg, Jaipur. Located at Horizon Tower in Jewel of India, one of Jaipur’s most prestigious residential areas, the 2000+ sq…
- JCB Salon Raises Rs 40 Cr from Black Soil for Strategic Expansion 12 June 2024, indianretailer.com JCB (Jean Claude Biguine) Salons India has raised Rs 40 crore from BlackSoil for strategic acquisition and business expansion within the retail sector. JCB Salons has used the funds to acquire Spalon, a local salon chain, to expand into South India…
- How OgmentO is Leading the Charge in Retail Automation 12 June 2024, indianretailer.com With India’s D2C scenery witnessing unprecedented growth, successful brands like SUGAR and BoAt face challenges in maintaining their authentic bond with customers while expanding offline…
- Uber Launches Store Pickup Service for Easy Retail Shopping in India 12 June 2024, indianretailer.com Uber has introduced a new service, Uber Store Pickups, enabling customers in India to have items they’ve purchased from local retail stores delivered directly to their doorsteps…
- Embracing Unified Commerce in FMCG 12 June 2024, irecwire.com In the dynamic landscape of Fast-Moving Consumer Goods (FMCG), companies face unique challenges when trying to implement unified commerce, primarily due to the lack of direct control over retail front-end operations…
- How D2C Brands are Capturing Millennial Markets 12 June 2024, retail.economictimes.indiatimes.com Direct-to-consumer (D2C) brands are revolutionizing retail by bypassing traditional intermediaries, leveraging digital platforms, and offering personalized experiences, transforming how businesses connect with and understand their customers…
- The Digital Feast: Effective Marketing Techniques Driving Restaurant Growth in India 12 June 2024, irecwire.com Having heard that all happiness depends on leisurely food, I feel this industry is here to serve hearts which relish delicacies thus making this industry aggressive,” says Anshuman Singh, Director at Taki Taki…
- Indians get hooked on 10-minute grocery apps, squeezing small retailers 11 June 2024, retail.economictimes.indiatimes.com India’s quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company’s grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver orders within 10 minutes. Swiggy’s bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasizing the need for speed in the entire process…
- Saahil Nayar exits Swiss Beauty 11 June 2024, retail.economictimes.indiatimes.com Saahil Nayar, chief executive officer of the beauty brand Swiss Beauty, has decided to move on to pursue a new entrepreneurial venture to transform India’s beauty industry. Nayar’s departure from Swiss Beauty marks the end of a significant chapter and the beginning of an exciting new one for him. With 15 years of experience he has been instrumental in driving growth for India’s major beauty brands, Nayar says the time is right for his next entrepreneurial leap. ..
- Urbanic launches new brand Savana to tap into Gen-Z consumers 11 June 2024, retail.economictimes.indiatimes.com The fashion e-tailer asserts India to be its one of the best-performing markets contributing 40 per cent of the revenue of the company, followed by Mexico…
- Havells partners with Jumbo Group to enter kitchen appliances market in UAE 11 June 2024, retail.economictimes.indiatimes.com Under this alliance, Havells India’s premier kitchen appliances, including mixer grinders will be sold online through Jumbo’s e-commerce website jumbo.ae followed by retail store distribution. As part of the tie-up, Jumbo will also undertake distribution to retailers in the UAE to develop a brand presence in the Middle East & Africa (MEA)…
- Turnaround slower, but VIP’s on recovery path: Chairman Dilip Piramal 11 June 2024, retail.economictimes.indiatimes.com VIP Industries posted a 10% rise in net sales at Rs 2,215 crore last fiscal. However, net profit plunged to Rs 28 crore in FY24 from Rs 161 crore in the previous fiscal…
- Information overload causing frequent basket abandonment in retail, consumer goods, and travel purchases: Report 11 June 2024, retail.economictimes.indiatimes.com An Accenture report reveals that 88% of shoppers abandoned purchases in the last three months of 2023 due to decision-making difficulties caused by information overload. Indian consumers are particularly affected, with an increase in effort and time needed for purchase decisions. The report recommends using generative AI to simplify decision-making processes and enhance engagement and sales…
- Are FMCG brands slowly losing their sheen? 11 June 2024, retail.economictimes.indiatimes.com As per market data, online grocery penetration is currently at 0.15% (2 Mn out of 1.35 Bn people) and is expected to grow at an annual CAGR of 32.7% till 2030. Total number of online deliveries in groceries has grown from less than 5 lac per day in 2020 to more than 40 lac per day in 2023. Rapid adoption of digital payments powered by UPI, faster deliveries and cheap data tariffs are the key enablers that are driving this change…
- ‘ONDC will become a formidable e-commerce player in near future’ 11 June 2024, retail.economictimes.indiatimes.com The government-run Open Network for Digital Commerce (ONDC) is set to become a formidable e-commerce player in the near future, said ONDC MD and CEO T Koshy . The good traction the platform received in the last 15 months proves that ONDC has the potential to completely transform the e-commerce landscape…
- Modi 3.0: FMCG companies can cheer the new coalition government 11 June 2024, retail.economictimes.indiatimes.com Leading FMCG makers expect a volume-led growth in FY25, with a revival in consumption supported by a lower inflationary environment, projections of a normal monsoon and good rabi crop. Companies such as Britannia, Marico, Dabur, GCPL and HUL expect a revenue growth in the new financial year as the deflationary cycle is over. The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24…
- Household consumption expenditure jumps in India as incomes rise 11 June 2024, retail.economictimes.indiatimes.com Household consumption expenditure on goods and services in both the rural and urban areas of India, which reflects the standard of living and well-being of the population, has shown a robust increase over the last decade. The monthly per capita household consumption in rural India jumped by over 40% in 2022-23, after adjusting for inflation, compared to the corresponding figure recorded for 2011-12, according to the survey…
- Market size expected to reach 25 million units by 2030: B Thiagarajan, Blue Star 11 June 2024, retail.economictimes.indiatimes.com June is going to be another month where it will be around 50% growth. And for the first time, the summer months will witness more than 60% growth. One can discount around 15-20% out of this total growth, but it is a record summer season which we have not witnessed in the industry, said B Thiagarajan, MD, Blue Star…
- Expecting one of the best years due to strong consumer spending: Nilesh Gupta, Vijay Sales 11 June 2024, retail.economictimes.indiatimes.com The sales have been upward of 60% to 70% growth which we have seen. And although in the south and the west we will see the end of the summer, it will slow down, but north is still going strong and we expect that it will go strong till middle of July or maybe end of July also. So, in a nutshell, this is one summer which I think we will never forget on a positive note…
- The Baby Atelier Opens Flagship Store in Bangalore 11 June 2024, indianretailer.com The renowned brand, The Baby Atelier, has inaugurated its flagship retail outlet in Bangalore, introducing a wide array of organic, toddler, and kids’ products along with comprehensive design services for children’s rooms…
- New Balance Opens Second Outlet in Mumbai 11 June 2024, indianretailer.com US-based sports footwear and apparel giant New Balance has widened its footprint in Mumbai with the inauguration of a new store situated at Infiniti Mall, Malad…
- Reebok Expands Presence with New Chennai Stores 11 June 2024, indianretailer.com Reebok, a global leader in sports footwear and apparel, has reached a new milestone in its Indian retail journey by opening two new stores in Chennai, located in Anna Nagar and Phoenix Marketcity. ..
- Easybuy Expands Presence with 9th Store Opening in Hyderabad 11 June 2024, indianretailer.com Easybuy, the value fashion brand under the Landmark Group umbrella, has expanded its footprint in Hyderabad with the inauguration of its ninth store…
- Tanishq Makes its Debut in Oman 11 June 2024, indianretailer.com Tanishq, the renowned jewellery brand under the Titan Company, a part of the Tata Group, has expanded its global presence by entering Oman. The inaugural store in Oman is situated at Oman Avenues Mall in Muscat…
- Cartel Bros’ Glenwalk Scotch Whisky Makes Middle East Debut, Aims Global Expansion 11 June 2024, indianretailer.com Cartel Bros, a renowned Indian spirits company, has proudly unveiled its premium blended Scotch whisky, Glenwalk, in Dubai at the recent Travel Retail Consumer Forum ‘24, marking its entry into the Middle East market…
- Profit and Loss (P&L) Statement Definition, Importance and Helpful Tips 11 June 2024, indianretailer.com Understanding your business’s financial health is crucial for making informed decisions and planning for the future. One of the most important tools for achieving this is the Profit and Loss (P&L) statement…
- Kurlon Revamps Brand with “Life Banegi Hula Hula” 11 June 2024, indianretailer.com India’s iconic mattress brand, Kurlon, celebrates 60 years with a refreshed brand positioning aimed at resonating with contemporary consumers…
- Telangana Government To Offer SOPs To Realty Sector 10 June 2024, rprealtyplus.com The state government is contemplating promoting the realty industry by offering sops to generate more revenues…
- Real estate sector pushes for tax rationalization and reduced approval cost 10 June 2024, realty.economictimes.indiatimes.com With Narendra Modi set to take oath as Prime Minister for the third time, the real estate industry has high expectations from Modi 3.0. The interim budget announced a boost for affordable housing by adding 2 crore more houses to the PMAY-U scheme…
- From stuffed toys to sports cars, sales break gender rules 10 June 2024, retail.economictimes.indiatimes.com Gender norms are blurring in purchasing decisions, particularly in urban India, with more men and women adopting newer hats in their social and professional lives. Consumer goods companies are adapting their marketing strategies to address this change. Women are increasingly buying ‘toys for boys’, such as drones and remote-control cars, accounting for 25-30% of Hamleys’ sales. In the automobiles market, women account for 14-15% of total sales, accounting for SUVs, luxury vehicles, and sports cars…
- GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authorities 10 June 2024, retail.economictimes.indiatimes.com The GST Network (GSTN) has introduced a new form, GST SRM-II, for manufacturers of pan masala and tobacco products to report inputs and outputs, aiming to curb tax evasion. This form, implemented shortly after the rollout of GST SRM-I for registering machines, requires detailed monthly reporting. The Central Board of Indirect Taxes and Customs (CBIC) had announced these changes in January to enhance GST compliance for such manufacturers, with penalties for non-compliance…
- Instant flour mixes for dosa, idli, dhokla cannot be classified as sattu; 18% GST should be levied: GAAAR 10 June 2024, retail.economictimes.indiatimes.com The company sells flour mixes of gota, khaman, dalwada, dahi-wada, dhokla, idli and dosa in powder form and pleaded that it is akin to Sattu and should attract Goods and Services Tax (GST) of 5 per cent. The GAAAR rejected the appellant’s contention, saying that ingredients which go into the making of ‘instant flour mixes” are not covered under the relevant GST rules as is the case with Sattu…
- Trends in Snack Consumption: Insights from 2024 and Beyond 10 June 2024, retail.economictimes.indiatimes.com The Indian snacks market reached Rs 42,694.9 crore in 2023, and is projected to soar to Rs 95,521.8 crore by 2032, showcasing a robust growth rate (CAGR) of 9.08% over the forecast period. Factors driving this growth include the increasing popularity of convenient food options, heightened implementation of quality standards by the Food Safety and Standards Authority of India (FSSAI), and the proliferation of e-commerce brands and distribution channels. As consumers continue to seek convenience and variety in their snacking choices, manufacturers are innovating to meet these demands, leading to a dynamic and evolving snack landscape in the years to come…
- Too hot, too good for e-tailers: ACs, ice creams and beauty products’ online sales enjoy the heatwave 10 June 2024, retail.economictimes.indiatimes.com Consumers are increasingly turning to online shopping for a variety of products like air conditioners, beauty products, and snacks as heatwaves prompt them to stay indoors, especially during peak afternoon hours. Brands like Voltas and Panasonic have witnessed significant growth in online sales, particularly in the AC category. E-commerce platforms are seeing a surge in demand for large purchases like ACs and coolers, with quick commerce becoming popular for daily essentials. Companies like Parle, Mother Dairy, and Baskin Robbins are experiencing a boost in online sales…
- ‘Focus will be on making the new businesses large’ 10 June 2024, financialexpress.com Titan managing director CK Venkataraman doesn’t like being in the spotlight. Yet, the jewellery and watchmaker under his leadership (he took over in October 2019) has successfully navigated the pandemic, rode a discretionary slowdown as well as ensured that high volatility in gold prices does not impact consumption of its jewellery products significantly…
- Green retail: Malls leading the way in sustainability 10 June 2024, retail.economictimes.indiatimes.com Innovative malls pride themselves on being primarily powered by green energy. This achievement is supported by initiatives to procure green energy and lower their carbon footprint. They also leverage biofuel generated from waste management systems. Their architecture, designed to allow optimal natural light during the day, significantly reduces the need for artificial lighting. Automated sensor-based lighting systems adjust based on natural light levels and occupancy, ensuring minimal energy wastage…
- https://www.livemint.com/companies/cultfits-e-commerce-arm-to-drive-growth-profitability-by-2025-11717912231839.html 10 June 2024, livemint.com Fitness startup Cult.fit expects its direct-to-consumer e-commerce vertical, Cultsport, to outpace its core gym business, and achieve Ebitda profitability within a year, chief executive Naresh Krishnaswamy said in an interview…
- Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027 10 June 2024, retail.economictimes.indiatimes.com India’s EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India…
- Sheela Foam sees 14-15% CAGR growth in next 3-5 years: CEO Nilesh Mazumdar 10 June 2024, thehindubusinessline.com Sheela Foam, which acquired the Kurlon brand last year, has rebranded it with a new logo and tagline, as it expects to scale up the Karnataka-based company’s business beyond ₹1,000 crore..
- HUL Names Arun Neelakantan as Executive Director for Customer Development 10 June 2024, indianretailer.com Hindustan Unilever Limited (HUL), a leading FMCG manufacturer, made an announcement on Thursday regarding the appointment of Arun Neelakantan as the Executive Director of Customer Development…
- bigbasket’s Green Achievements 2023: Less Carbon, More Electric, Recycled Waste 10 June 2024, indianretailer.com bigbasket, a TATA Enterprise, has unveiled its 2023 Sustainability Report, spotlighting its significant advancements across six key impact areas: electric delivery vehicles, solar power generation, support for organic farmers, waste management, diversity and inclusion, and corporate social responsibility…
- Luxury chocolate retailer Cococart India to add 200 stores in next 5 years 10 June 2024, livemint.com A chocolate retail business that was born out of a necessity in the pandemic during various lockdowns by the family that runs the Flemingo Duty Free business, is now looking to rapidly expand its business in the country…
- RBI’s Unchanged Repo Rate Bodes Well For Property Sector 08 June 2024, rprealtyplus.com The Reserve Bank Of India (RBI) announced thea Repo Rate as Unchanged At 6.5% for the eighth time in a row. This decision by the RBI got positive reactions from the real estate sector…
- Phoenix Mills Plans Expansion In Thane, MMR And Bengaluru 08 June 2024, rprealtyplus.com Phoenix Mills Limited (PML), retail-led mixed-use asset developer and operator of Phoenix Malls across the country, including Mumbai, may come up with a third mall in the Mumbai Metropolitan Region (MMR) in Thane and perhaps a hotel there…
- Gopalan Enterprises targets Rs 500 crore rental income over next four-five years 08 June 2024, realty.economictimes.indiatimes.com Real estate developer, Gopalan Enterprises, part of Gopalan Group, aims to increase its office rental income to Rs 500 crore annually and could list its assets as a real estate investment trust (REIT) in the next four-five years, a senior company executive said…
- White goods, FMCG imports failing to get custom-fit tag 08 June 2024, retail.economictimes.indiatimes.com White goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country different from the goods’ origin and is permitted under FTAs. However, customs officials suspect abuse of FTA provisions, withholding consignments and denying lower duty benefits at ports like Nhava Sheva. Authorities demand differential duty payments and invoke rules addressing potential duty evasion through third-party invoicing, leading to potential supply disruptions…
- Chinese smartphone brands drive AI proliferation in 2024, led by Oppo 08 June 2024, retail.economictimes.indiatimes.com The second half of 2024 will see a surge in generative AI use in smartphones, spearheaded by Chinese brands like Oppo, Nothing, and Vivo. Analysts predict more AI features in lower-priced models, expanding beyond premium flagships. Oppo leads with over 100 AI capabilities and 5,399 AI patents. With AI phones projected to make up 11% of the global market, the segment will see significant growth, particularly in sub-$1000 models, driven by aggressive innovation from Chinese manufacturers…
- Fashion retailer Tendam’s core earnings are up 10% 08 June 2024, retail.economictimes.indiatimes.com Spanish fashion retailer Tendam’s core earnings up 10% as it mulls IPO. The owner of the Women’s Secret, Cortefiel and Springfield chains is ready to launch an IPO on the Spanish stock exchange as soon as before the summer…
- LVMH Lines Up Next CFO as Luxury Empire’s Succession Stakes Grow 08 June 2024, livemint.com LVMH has chosen an eventual successor to its long-time chief financial officer as billionaire Bernard Arnault prepares a new generation of leaders to steer the world’s biggest luxury group…
- Starbucks partners with food delivery platform Grubhub 08 June 2024, retail.economictimes.indiatimes.com Starbucks will partner with Grub hub to deliver coffees and other customized beverages in select U.S. markets starting this month. “Our new partnership with Grub hub will help fuel this growth by increasing availability of Starbucks products to Grubhub’s tens of millions of customers,” Meg Mathes, vice president of digital experiences at Starbucks said…
- Easybuy Expands Presence with 9th Store Opening in Hyderabad 08 June 2024, indianretailer.com Easybuy, the value fashion brand under the Landmark Group umbrella, has expanded its footprint in Hyderabad with the inauguration of its ninth store…
- Apparel Group’s R&B Fashion Opens 22nd Store in India 08 June 2024, indianretailer.com Fashion brand Rare and Basics (R&B), part of the retail giant Apparel Group, has opened its 22nd store in India, located in Palarivattom, Kochi, Kerala…
- Contribution of FMCG Sector in Rural Penetration and Market Reach 08 June 2024, indianretailer.com Fast-moving consumer Goods are essential and everyday products, like Snacks (chips, cookies, candies), Beverages (soft drinks, juices, tea, coffee) and Packaged foods (cereals, pasta, instant noodles are specifically designed for high demand and frequent consumption…
- Third Wave Coffee Launches Second Outlet at Hyderabad Airport 08 June 2024, indianretailer.com Third Wave Coffee, a coffee-first quick-service restaurant chain, is excited to announce the opening of its latest outlet at Rajiv Gandhi International Airport in Hyderabad…
- HUL Names Arun Neelakantan as Executive Director for Customer Development 08 June 2024, indianretailer.com Hindustan Unilever Limited (HUL), a leading FMCG manufacturer, made an announcement on Thursday regarding the appointment of Arun Neelakantan as the Executive Director of Customer Development…
- Top 15 Best Selling Whisky Brands In India 08 June 2024, indianretailer.com The top whisky brands in India hold a significant place in the lives of Indian consumers, symbolizing more than just a drink. Often associated with status and prestige…
- The Evolution of Retail: Embracing Omnichannel Strategies 08 June 2024, indianretailer.com In today’s rapidly evolving retail landscape, the traditional boundaries between online and offline shopping are increasingly blurred. This transformation is driven by the desire to meet consumer expectations of convenience, choice, and care…
- Timex Group India Celebrates Strong Partnership with Kamal Watches 08 June 2024, indianretailer.com Timex Group India, a renowned watchmaker, celebrated its strong partnership with Kamal Watches by launching special edition watch collection from Timex and Guess…
- AMRPL Debuts ‘Vue De Luxe’ Sunglass Boutiques at Lucknow and Ahmedabad Airports 08 June 2024, indianretailer.com April Moon Retail Pvt Ltd (AMRPL) proudly announces the launch of its premier sunglass concept store, ‘Vue De Luxe,’ located in the Departure Sections of Terminal 3 at Lucknow CSS International Airport and Terminal 2 at Ahmedabad International Airport…
- ‘Dobaraa’ Opens Outlet at Phoenix Mall of Asia, Bangalore 08 June 2024, indianretailer.com Bellona Hospitality, the hospitality division of the Phoenix Mills Ltd., has launched its outlet of multi-cuisine gastropub ‘Dobaraa’ at Phoenix Mall of Asia, Bangalore…
- Cannes Lions Honours Mattel Chairman and CEO Ynon Kreiz 08 June 2024, retail.economictimes.indiatimes.com The Cannes Lions International Festival of Creativity has announced that it will recognise Mattel’s Chairman and Chief Executive Officer, Ynon Kreiz, as Entertainment Person of the Year…
- Seagram’s Royal Stag Extends Partnership with ICC as Official Supporter 08 June 2024, indianretailer.com Seagram’s Royal Stag has prolonged its partnership with the International Cricket Council (ICC) for an additional four years, affirming the brand’s dedication to cricket and its worldwide fanbase…
- Playskool X Hasbro: To Launch First Family Entertainment Centre 08 June 2024, retail.economictimes.indiatimes.com Planet Playskool has teamed up with Hasbro to launch its first immersive and activity play zone designed to captivate the imaginations of both kids and parents…
- Aston Martin Aramco Formula One Team and LEGO Group Introduce New LEGO Set 08 June 2024, indianretailer.com The Aston Martin Aramco Formula One Team, in collaboration with the LEGO Group, has unveiled a new LEGO set. This set comprises a double pack of LEGO Speed Champions car toys, featuring a LEGO build a replica of the podium-finisher AMR23 race car alongside the Aston Martin Vantage Safety Car…
- Sanjeev Kapoor’s Wonderchef Aims for Rs 820 Crore Revenue in FY25 08 June 2024, retail.economictimes.indiatimes.com Ravi Saxena, founder and CEO of Wonderchef, the kitchen appliances brand endorsed by celebrity chef Sanjeev Kapoor, shared the company’s ambition to achieve a revenue milestone of Rs 820 crore in FY25…
- DoubleTree by Hilton Pune – Chinchwad Appoints Anand S Kumar as Front Office Manager 08 June 2024, indianretailer.com DoubleTree by Hilton Pune – Chinchwad is delighted to announce the appointment of Anand S Kumar as the new Front Office Manager. Bringing over 15 years of extensive experience in the hospitality industry, Anand is well-equipped to lead and enhance the front office operations…
- bigbasket’s Green Achievements 2023: Less Carbon, More Electric, Recycled Waste 08 June 2024, indianretailer.com bigbasket, a TATA Enterprise, has unveiled its 2023 Sustainability Report, spotlighting its significant advancements across six key impact areas: electric delivery vehicles, solar power generation, support for organic farmers, waste management, diversity and inclusion, and corporate social responsibility…
- Lifelong Online Launches Baby Care Products 08 June 2024, indianretailer.com Lifelong Online, a leading Indian e-commerce brand for consumer goods, has ventured into the flourishing baby care market with the launch of a new baby product category…
- Raheja Developers’s ‘Surakshit Nivesh Yojna’ Scheme For Delhi Mall Complex 07 June 2024, rprealtyplus.com Following the tremendous success of Phase 1, Raheja Developers announced the grand launch of the “Surakshit Nivesh Yojna Scheme” (Phase 2) at the Delhi Mall Complex on Main Patel Nagar Road…
- Amazon acquires video streaming platform MX Player 07 June 2024, retail.economictimes.indiatimes.com MX Player will add to Amazon’s existing video services Prime Video and MiniTV. The technology major is expected to retain the MX Player brand after the acquisition…
- Barbeque Nation Hospitality to invest Rs 300 crore over next 3 years to expand its presence 07 June 2024, retail.economictimes.indiatimes.com This fiscal year, the company is aiming to turn PAT positive. In FY 23-24, the EBITDA margins of the company stood at 18.3 per cent. However, its EBITDA margins are still lower by around 300 bps or 3-4 percentage points than what it used to do pre-COVID – 22-23 per cent…
- AC sales may touch new record of 14 million units annual sales in 2024: CEAMA 07 June 2024, retail.economictimes.indiatimes.com The blistering heatwave has driven record demand for room air-conditioners, with expected annual sales of around 14 million units, says the Consumer Electronics and Appliances Manufacturers Association (CEAMA). May saw record-breaking AC sales, with projections of 30-40% growth in summer. Energy-efficient models and indigenous manufacturing contribute to the market’s robust expansion…
- HUL elevates Arun Neelakantan to the role of exec director, customer development 07 June 2024, retail.economictimes.indiatimes.com Hindustan Unilever Limited (HUL) has appointed Arun Neelakantan as the new executive director, customer development, effective July 1st, 2024. Neelakantan, who started his career in 2006 as Key Account Manager in Modern Trade, has a strong track record in customer development and marketing. He has led large teams and changed agendas across various trades and channels…
- Cosmetics brand Swiss Beauty wants to deliver premium at affordable prices 07 June 2024, retail.economictimes.indiatimes.com Swiss Beauty closed FY24 at a revenue of Rs 425 crore and is eyeing Rs 550 crore sales next fiscal recording a growth of 40 per cent. As per Tracxn, in FY23 the company reported a revenue of Rs 196.5 crore with a profit after tax of Rs 36.4 crore…
- Smartwatch companies turn to premium buyers looking for upgrade 07 June 2024, retail.economictimes.indiatimes.com Leading smartwatch brands like Noise, Boult, and Boat are targeting repeat buyers with premium hardware to increase average selling prices and improve profitability amid declining shipments and intense competition. They are using their own processors, high-end materials, and aesthetic enhancements, while aggressively expanding into offline retail channels. This shift follows a 7.3% drop in Q1 2024 shipments and a fall in ASP to $20.65. The focus is now on offering premium products with better features to attract discerning consumers…
- FMCG firms see consumption boost with mixed mandate 07 June 2024, financialexpress.com Fast-moving consumer goods (FMCG) companies expect the new government to be more consumption-focused, as the attention shifts to managing alliance partners with the return of coalition politics at the Centre…
- Rural sector comes in focus, moderate consumption push likely 07 June 2024, financialexpress.com A clutch of steps aimed at addressing the issue of income stagnation being faced by sections of the population and the persisting rural distress could be part of the short-term agenda of the new government, according to sources privy to the deliberations in the National Democratic Alliance (NDA)…
- Chef Sanjeev Kapoor’s Wonderchef eyes Rs 820 cr revenue in FY25 07 June 2024, retail.economictimes.indiatimes.com “In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in FY25, on account of new product ranges, distribution expansion, and the e-commerce segment — which brings in about 30 per cent of sales for the company,” he told PTI…
- Ten Key Insights for Building Strategic Partnerships in Retail Landscape 07 June 2024, indianretailer.com In today’s dynamic retail landscape, strategic collaborations between brands have emerged as a vital strategy for unlocking success. At the IREC X D2C 2024 Summit held in Bengaluru, industry experts convened to discuss the transformative power of partnerships in the retail sector. Here are ten key takeaways from the insightful panel discussion…
- KICL Brings French Footwear Brand ‘Kickers’ to India 07 June 2024, indianretailer.com Chennai-based Kothari Industrial Corporation Ltd. (KICL) is gearing up to enter the retail space and has signed an agreement with France-based Royer Group to bring the iconic Kickers brand of products to India. The tie-up with Royer Group will help KICL to host Kickers retail stores across the country. The first such retail Kickers’ store will come up in Chennai…
- HanesBrands to Sell ‘Champion’ business to Authentic Brands Group 07 June 2024, indianretailer.com HanesBrands, a global leader in iconic apparel brands, has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Company’s global Champion business to Authentic Brands Group (“Authentic”) for a transaction value of $1.2 billion, with the potential to reach up to $1.5 billion through..
- Nisaba Godrej Quits VIP Board over Leadership Disagreement 07 June 2024, indianretailer.com Nisaba Godrej has resigned as the independent director on the VIP Industries board due to differing views on leadership accountability and succession planning…
- Call Chotu Enters into Offline Market by Opening Brand New Chic Diner at Saket, Delhi 07 June 2024, indianretailer.com Conceptualised first as a cloud kitchen brand in 2019 that took Delhi’s online ordering by storm, Call Chotu has announced the the launch of their first offline space: Chotu’s All Day Diner & Bar…
- Bombay Brasserie Travels to Malleshwaram, Opens Outlet at Orion Mall 07 June 2024, indianretailer.com Bombay Brasserie has recently opened its newest outpost at Orion Mall, Malleshwaram in Northwest Bengaluru. With this, the place has become latest destination to experience Indian art, culture and culinary nuances in an all-new essence with a charming art-deco vibe. ..
- After 13 Years, How These Restaurateurs Are Driving Biz Focusing on Sustainability, Competition and Concept 07 June 2024, indianretailer.com Combining resources, strategic loan acquisitions, nationwide exploration, thorough research, mentorship, and a shared vision to introduce European craft beer culture to the area, the dynamic duo of Amritanshu Agrawal and Dr. Priyanka Gupta founded the ground breaking microbrewery, Hops n Grains, nestled in Panchkula back in 2011, then the fifth of its kind in India…
- Women’s Handball League Inks a Multi-Year Deal with Nivia Sports as Official Ball and Kit Sponsor 07 June 2024, indianretailer.com The Women’s Handball League (WHL), backed by Pavna Sports Venture, has announced a strategic partnership with Nivia Sports, a leading Indian sports equipment manufacturer…
- BIC Cello Introduces ‘Hallyu’ to Schools with Latest K-Series Fountain Pens 07 June 2024, indianretailer.com BIC Cello has recently unveiled its highly awaited K-POP & K-Drama Fountain Pens, blending writing sophistication with the captivating charm of South Korean culture…
- TreeHouse Hotels & Resorts Inks Deal for Second Property in Amritsar 07 June 2024, indianretailer.com TreeHouse Hotels & Resorts, a prominent hospitality chain under Karma Hospitality LLP, has unveiled the signing of its second property in Amritsar, Punjab – TreeHouse Stamp…
- The Face Shop Introduces Mini Versions of Top-Selling Line in India for the First Time 07 June 2024, indianretailer.com Global Korean beauty leader, The Face Shop, unveils their ‘mini collection’ in India, introducing compact versions of their most adored products tailored for those on-the-go…
- Borosil Secures Top Market Position with Larah Opalware 07 June 2024, indianretailer.com Borosil, a prominent consumer product company in India, has announced the remarkable achievement of Larah Opalware by Borosil, securing the top spot as India’s leading brand in the opalware category, according to the latest sales report of 2024…
- Sereko Marks One Year of Transforming Skincare with a Mind-First Approach 07 June 2024, indianretailer.com Sereko, India’s pioneering psychodermatology brand, commemorates a significant milestone as it concludes a year of dedication to mitigating the impact of mental stress on the skin…
- Snitch Innovates Sustainable Fashion with Relove Integration 07 June 2024, indianretailer.com Snitch, a prominent men’s fashion brand, announced its collaboration with Relove, an innovative platform for sustainable fashion. This strategic partnership underscores Snitch’s dedication to sustainability, providing customers with the opportunity to buy authenticated preloved Snitch items at significant discounts and sell their own preloved Snitch products…
- Heads Up for Tails Introduces a New Era of Premium Pet Care with Q-Commerce 07 June 2024, indianretailer.com Heads Up for Tails, a prominent advocate for pet well-being in India, proudly announces its enhanced accessibility for furry friends through quick commerce services, nationwide…
- Birla Estates to jointly develop 13.27-acre land in Gurugram 06 June 2024, realty.economictimes.indiatimes.com The land parcel is spread across 13.27 acres with a development potential of approximately 2.4 million sq ft offering a revenue potential of about Rs 5,000 crore…
- India receives foreign direct investment inflow of $70.9 billion in FY24 06 June 2024, retail.economictimes.indiatimes.com Out of total FDI flows, FDI equity inflow received during FY 2023-24 stood at USD 44.4 billion. The equity inflows for the quarter January 2024 to March 2024 stood at USD 12 billion registering a 33 per cent year-on-year growth…
- Nisaba Godrej quits VIP Board over differences 06 June 2024, retail.economictimes.indiatimes.com Nisaba Godrej resigned as independent director from VIP Industries board due to differences in leadership accountability and succession planning, effective June 3rd, 2024. In a letter to Chairman Dilip Piramal, she praised the company but expressed diverging views. VIP Industries, a luggage category leader in India, faces challenges amidst reports of potential promoter stake sale, competition from Samsonite and Safari Industries, and declining profits despite a 10% rise in net sales last fiscal…
- Food delivery, e-commerce platforms unite to protect their delivery partners from heatwave 06 June 2024, retail.economictimes.indiatimes.com With large swathes of India being under the grip of heatwave and several cities recording temperatures above normal levels. Food delivery platform Zomato has established 450 rest points for delivery partners across the country, regardless of their company. The rest points are equipped with comfortable seating, free drinking water, mobile charging points, and clean washroom facilities…
- French shoe brand Kickers to enter Indian retail market; factory planned in TN 06 June 2024, retail.economictimes.indiatimes.com While this marks KICL’s direct entry into the retail segment of finished leather and non-leather products, a plant to manufacture Kickers shoes and accessories is also planned in Tamil Nadu…
- Cola, ice creams sell like hot cakes amid prolonged heat spell 06 June 2024, retail.economictimes.indiatimes.com “With a steady rise in demand, we expect to remain bullish in our sparkling, hydration and juice segments, refreshing consumers with our carefully curated beverages for life portfolio,” said a Coca-Cola India spokesperson…
- Zara owner Inditex reports slowing quarterly sales growth 06 June 2024, retail.economictimes.indiatimes.com Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year. The world’s largest listed fashion retailer reported 8.15 billion euros ($8.87 billion) in sales during the three months to April. That compared to an average analyst forecast of 8.1 billion euros, according to an LSEG poll…
- Lululemon tops quarterly estimates on solid China demand; to buy back more shares 06 June 2024, retail.economictimes.indiatimes.com Increased store footprint in China helped improve customer traffic for the brand, countering a slackening demand in the United States from higher cost-of-living pressures…
- DeVANS introduces two additions to the Six Fields wheat beer range 06 June 2024, thehindubusinessline.com Operating in 18 states and exporting to countries like New Zealand, Australia, Japan, and the UAE, DeVANS’ strategic growth and product diversification are driving its success…
- Aam Aadmi’s welfare to fare well for FMCG 06 June 2024, retail.economictimes.indiatimes.com With a weaker mandate, the agenda for the BJP-led NDA government is likely to switch from growth to welfare with the government being under pressure to roll out populist measures for boosting consumption. In a bearish market, the TINA (there is no alternative) factor burnishes the allure of otherwise defensive FMCG stocks…
- Kosmoderma Skin Hair & Body Clinic Unveils 10th Clinic in Bandra, Mumbai 06 June 2024, indianretailer.com Kosmoderma Skin Hair & Body Clinic, a renowned aesthetic dermatology chain, is now welcoming beauty and skincare enthusiasts in the City of Dreams with the launch of its 10th clinic…
- 10 Best Ethnic Wear Brands in India For Men and Women 06 June 2024, indianretailer.com The ethnic wear industry in India provides a vibrant and diverse range of traditional clothing options for people of all ages and backgrounds. With its rich cultural heritage, India has a long-standing tradition of ethnic wear, which has gained popularity not only within the country but also internationally…
- Top 10 Luxury Watch Brands in India: How to Make the Right Choice 06 June 2024, indianretailer.com Did you know Sylvester Stallone, the iconic Hollywood action star, is auctioning off feature 11 of “Rocky “. Among the highlights is the Patek Philippe Grandmaster Chime…
- How Retailers are Embracing Sustainability & Making a Difference This World Environment Day 06 June 2024, indianretailer.com In celebration of World Environment Day, a spotlight shines on several leading brands that are showcasing their commitment to sustainability and environmental stewardship…
- How Kama Ayurveda Transformed the $18 Billion Ayurveda Industry Globally 06 June 2024, indianretailer.com Building a brand rooted in Ayurveda, especially when it wasn’t widely recognized or respected, posed significant challenges. Vivek Sahni, Founder & Chairman of Kama Ayurveda, successfully navigated these hurdles to establish a global presence…
- Bottega Veneta Revamps Dubai Store with Matthieu Blazy Design 06 June 2024, indianretailer.com Bottega Veneta has reopened its Mall of Emirates store, revealing a fresh design concept crafted by Matthieu Blazy…
- Top 5 Jewellery Brands in India with the Largest Retail Networks 06 June 2024, indianretailer.com The Indian jewellery market showcases a blend of tradition and modern trends. Leading this market are the top five jewelers in India, known for their exquisite pieces and extensive retail networks…
- How Kunal Kapoor’s Ketto is Changing the Face of Indian Fundraising 06 June 2024, indianretailer.com Kunal Kapoor, an acclaimed Bollywood actor, has ventured beyond the silver screen to make a significant impact in the world of social entrepreneurship. His brainchild, Ketto, a crowdfunding platform, is revolutionizing the way India donates to causes…
- Ardbeg Debuts at Ospree Duty Free for Mumbai’s First Travel-Retail Day 06 June 2024, retail.economictimes.indiatimes.com Ospree Duty Free in Mumbai is hosting an exclusive event in collaboration with Ardbeg, the renowned Islay whisky from LVMH, to celebrate the launch of its limited edition Ardbeg Spectacular…
- Inside SUGAR Cosmetics’ Strategy for Profit and Market Dominance 06 June 2024, irecwire.com As SUGAR Cosmetics continues to innovate and expand, its journey offers valuable lessons in balancing growth, profitability, and authenticity in the dynamic landscape of unified commerce…
- Ease My Trip: From Humble Beginnings to Global Aspirations 06 June 2024, irecwire.com Ease My Trip’s IPO in 2021 marked a significant milestone, transforming the company’s shareholder base from 3 to 800,000…
- New government must bring policy reforms in realty sector: NAREDCO 05 June 2024, realty.economictimes.indiatimes.com The real estate sector is at a crucial point, with great growth potential but significant challenges. To reach a market size of USD 1 trillion by 2030 and become a net-zero carbon industry by 2047, we need government support…
- Good Glamm Group appoints Lauren Bloomer as president – international 05 June 2024, retail.economictimes.indiatimes.com Lauren Bloomer appointed as president – international of Good Glamm Group, a South Asia’s DTC beauty conglomerate, bringing 23 years of experience in beauty and consumer goods industries…
- Amazon backs social media influencers, launches Creator University 05 June 2024, retail.economictimes.indiatimes.com Amazon is promoting India’s social media influencers to create content directly on its platform. Zahid Khan, director of shopping initiatives highlighted the dual approach of leveraging external social media platforms and creating engaging content on the e-commerce platform…
- VF Corp appoints independent directors as Engaged Capital pushes for board refresh 05 June 2024, retail.economictimes.indiatimes.com The North Face owner VF Corp on Monday appointed two new independent directors to its board, amid pressures from activist investor Engaged Capital for a board reshuffle and faster change at the company grappling with choppy demand. With the appointments, VF has added five new directors to its board within the past two years, including directors with fashion apparel and footwear experience…
- Elections over, multiplexes gear up for stronger second half 05 June 2024, financialexpress.com The Indian box office could come alive in the second half of the current calendar year following an end to the two-month-long election season…
- While India’s GDP growth strong, private consumption remains muted: S&P Global Market Intelligence 05 June 2024, retail.economictimes.indiatimes.com S&P Global Market Intelligence asserts that weak private consumption in India remains the largest concern, with rural demand in particular still “straggling to catch up”, at a time when the country’s overall growth remains strong…
- Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble 05 June 2024, retail.economictimes.indiatimes.com Customers with constrained budgets are still unwilling to spend on expensive non-essential products such as home goods, while they have begun to open their wallets to smaller discretionary items like trendier clothes and accessories…
- Bonito Designs Unveils Flagship Hub in Andheri, Mumbai with Gauri Khan & Manish Malhotra 05 June 2024, indianretailer.com Bonito Designs, India’s exclusive full-home interior design company, has unveiled the country’s first immersive flagship experience center in Andheri, Mumbai…
- 10 Game-Changing Tips for Seamless Omni-Channel Retail Integration in 2024 05 June 2024, indianretailer.com The omnichannel approach is transforming retail, aiming to provide a seamless, integrated shopping experience across all customer touchpoints. This approach leverages technology to unify online and offline channels, ensuring customers have a consistent experience regardless of how they choose to shop…
- Kalyan Jewellers Purchases Remaining Stake in Candere 05 June 2024, indianretailer.com Kalyan Jewellers India Ltd has announced the signing of the definitive agreement with Rupesh Jain, Founder of Enovate Lifestyles Pvt. Ltd to acquire his residual 15 percent in Candere, a subsidiary of Kalyan Jewellers…
- Gokyo Outdoor Clothing & Gear Brand Expands Presence in Bengaluru 05 June 2024, indianretailer.com Gokyo, a rising star in India’s adventure apparel and gear industry, has launched its first store in Bengaluru. In addition to its flagship store in Mumbai, Gokyo’s products are available in prominent outdoor stores across Maharashtra, Noida, Srinagar, and Sikkim…
- Revolutionizing Retail: The AI-Powered Future 05 June 2024, indianretailer.com In the rapidly evolving world of commerce, where digital transformation has become the cornerstone of success, the role of artificial intelligence (AI) stands out as a game-changer…
- The State of D2C in 2024: Navigating New Challenges in a Dynamic Market 05 June 2024, irecwire.com In a landscape marked by change and competition, the ability to adapt, innovate, and prioritize customer needs emerges as the guiding principles for success. As the journey of D2C brands unfolds, one thing remains certain: the future of retail belongs to…
- Culinary Haven Blanca Opens its Door in Chattarpur, Delhi 05 June 2024, indianretailer.com Blanca, a beautiful two-floor café and restaurant bar, welcome customers to discover unrestricted creativity, where classic Victorian design meets a bohemian coastal aesthetic in Delhi…
- Sheraton Grand Pune Appoints Rajinder Sareen as Executive Chef 05 June 2024, indianretailer.com Sheraton Grand Pune has announced the appointment of Rajinder Sareen as their new Executive Chef. Chef Sareen comes with over 20 years of international hospitality management experience, marked by a distinguished career in some of the world’s most prestigious hotels and restaurants…
- Chowman Opens First Outlet in Gurgaon 05 June 2024, indianretailer.com Kolkata-based Chinese restaurant chain, Chowman continues its expansion spree across Delhi NCR with an opening of its first outlet in Sector 31, Gurgaon…
- Building a Coffee Business: 10 Key Strategies for Success in a Competitive Market 05 June 2024, indianretailer.com Building a coffee business is much like brewing a great cup of coffee — it requires precision, passion, and a touch of creativity. The right approach can turn a budding coffee venture into a thriving enterprise, something I’ve experienced firsthand after starting Kaapi Solutions in 2017…
- Garuda Aerospace Pvt. Ltd. Launches India’s First Exclusive Drone Showroom 05 June 2024, indianretailer.com Garuda Aerospace Private Limited, a leader in India’s drone industry, inaugurated the nation’s first exclusive drone showroom in Chennai, Tamil Nadu, with Dr. R Velraj (Vice Chancellor, Anna University) and Agnishwar Jayaprakash (CEO of Garuda Aerospace) in attendance…
- Retail Space To Add ~45 Mn Sq. Ft In 5 Years 04 June 2024, rprealtyplus.com The five years, Q2 2024 – end 2028, will see a surge in organized retail space completions. The top seven cities (Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, Kolkata, Chennai) in India will welcome ~ 45 million sq. ft. through 88 new retail developments, outpacing the supply of the past decade (2014-2023), which was ~38 million sq. ft…
- Concorde Launches Concorde Mayfair With A GDV Of Rs 700 Cr 04 June 2024, rprealtyplus.com Concorde, a leading Bengaluru-based real estate developer, as part of its planned expansion, has launched Concorde Mayfair, a premium mixed development that will include high-rise residences, commercial spaces, and high-street retail on Bellary Road, Yelahanka…
- Paras Buildtech to invest around Rs 500 crore on Gurugram project 04 June 2024, realty.economictimes.indiatimes.com We are launching a new ultra luxury project in Gurugram. The price of each apartment will be around Rs 9 crore,” Kunal Rishi, COO of Paras Buildtech, said…
- Mumbai: 17 malls get notices for fire safety norm deficiencies 04 June 2024, realty.economictimes.indiatimes.com A Brihanmumbai Municipal Corporation release said 48 of the 68 malls were found to be following fire safety norms during inspections held between May 26 and 30, while 17 malls have got notices for not adhering to these stipulations…
- Kalyan Jewellers India acquires remaining stake in Candere 04 June 2024, retail.economictimes.indiatimes.com Kalyan Jewellers India has signed a definitive agreement with Rupesh Jain, the founder of Candere to acquire his remaining 15 per cent stake in Candere valued at Rs 42 crore making it a subsidiary of Kalyan Jewellers, a wholly owned entity. The jewellery retailer initially acquired a majority stake in Candere in 2017 to enter the e-commerce sector. In the fiscal year 2023-24, Candere reported an annual revenue of Rs 130.3 crore...
- Trent plans global retail push after acing it in India 04 June 2024, retail.economictimes.indiatimes.com Noel Tata-led Trent is venturing into international markets with a flagship store in Dubai, targeting the Indian diaspora. Zudio, a key brand, has surpassed ₹7,000 crore in revenue in India. The company experienced another year of substantial growth in FY24, with net sales increasing by 50% to ₹12,375 crore and net profit nearly quadrupling to ₹1,477 crore…
- Hello Kitty forays into India with Dream Theatre 04 June 2024, retail.economictimes.indiatimes.com “We expect to have a good hold on the Indian market in the next 3 years by collaborating with key retailers. Hello Kitty resonates with all targets (teenagers, family, kids) and that makes us optimistic here in India,” Silvia Figini, COO (EMEA, Oceania, and India), Sanrio Company Ltd. and Mister Men Limited Worldwide said…
- Baron Capital marks up Swiggy valuation by 25% to $15.1 billion 04 June 2024, retail.economictimes.indiatimes.com Swiggy Valuation: Baron Capital, which participated in Swiggy’s $700 million funding round in January 2022 at a valuation of $10.7 billion, has raised the fair value of its holding in Swiggy for the fourth straight time. Crossover funds, i.e. funds which invest in publicly traded and privately held companies, review the valuation of their portfolio companies periodically…
- Milk prices in India on the boil: What’s causing the hikes time and again? 04 June 2024, retail.economictimes.indiatimes.com Following India’s completion of the monumental 18th Lok Sabha elections, a surge in prices emerged notably in milk and tolls. The nation’s top two milk cooperatives, Amul and Mother Dairy, have announced a Rs 2 increase in their milk prices, effective June 3. Consequently, the full cream variants of Mother Dairy and Amul, previously priced at Rs 66 per litre in 2023, will now be priced at Rs 68 per litre…
- ONDC clocks all-time high of 8.9 million transactions in May 04 June 2024, retail.economictimes.indiatimes.com The government-run Open Network for Digital Commerce (ONDC) on Monday said it recorded an all-time high of 8.9 million transactions across retail and ride-hailing segments in May…
- From party ender to party soul: Tequila now fastest-growing alcohol segment in India 04 June 2024, retail.economictimes.indiatimes.com Tequila, once a party staple involving a lick of salt, a shot, and a lime wedge, is evolving. It’s now sipped neat, on the rocks, with soda, or in diverse cocktails, becoming India’s fastest-growing alcohol segment. Sales nearly doubled to 123,000 cases in the last year and have more than tripled since 2019, driven by changing drinking habits and new product launches…
- Style Up Expands Presence with Seventh Store in Hyderabad 04 June 2024, indianretailer.com ‘Style Up’, a prominent youth shopping destination under Aditya Birla Fashion and Retail Ltd. (ABFRL), has opened its seventh store in Hyderabad. The new store is situated in the recently launched Aparna Neo Mall at Nallagandla…
- How D2C Brands are Blurring the Lines Between Online and Offline Retail 04 June 2024, indianretailer.com At the IReCxD2C Summit Bengaluru, the Founders Forum panel titled “Insights From The Brands Who Are Disrupting with Hybrid and Retail Strategy in 2024” brought together visionaries who are reshaping the retail landscape…
- Top 10 Biggest Water Parks in India 04 June 2024, indianretailer.com Are you ready to beat the heat and have some splashing fun? As the summer season approaches, there’s no better way to cool off than by visiting some of the best water parks in India…
- Wildcraft India Collabs with Apparel Group to Expand Presence in GCC Region 04 June 2024, indianretailer.com Wildcraft India announced a partnership with Dubai-based fashion and lifestyle retail company Apparel Group to facilitate its expansion in the Gulf Cooperation Council (GCC) region…
- Kewal Kiran Clothing Limited Acquires 50 pc Stake in Kraus Casuals Private Limited 04 June 2024, indianretailer.com Kewal Kiran Clothing Limited (KKCL) has announced the strategic acquisition of a 50 percent stake in Kraus Casuals Private Limited (KCPL) for a total consideration of Rs 166.51 crore…
- Top 10 Female Cigarette Brands in India [2024] 04 June 2024, indianretailer.com In recent years, the smoking preferences of women have evolved, prompting cigarette brands to develop products that cater specifically to their tastes and lifestyles…
- Bata India Launches Nine West to the Indian Market 04 June 2024, indianretailer.com Bata India recently hosted an exclusive preview event in the capital to launch the latest collection from New York’s renowned footwear and accessories brand, Nine West…
- Top 10 Shoe Brands in India : 2024’s Top Picks 04 June 2024, indianretailer.com Shoes are not just a necessity; they are a statement of style and comfort. In India, the footwear industry has witnessed remarkable growth, with several brands offering a diverse range of shoes to cater to the diverse preferences of consumers…
- ReturnsPrimebook Expands Reach with Launch on Amazon 04 June 2024, indianretailer.com Primebook, a growing brand in the affordable Android laptop market, is set to launch its innovative laptops on Amazon starting June 3rd, 2024. Previously available only on Flipkart, this expansion to Amazon’s platform marks a significant milestone, making Primebook devices more accessible to a wider audience in the retail sector…
- Mumbai’s Property Registrations Revenues Expected To Grow By 21% YoY 03 June 2024, rprealtyplus.com Mumbai city (area under BMC jurisdiction) is expected to record property registration in excess of 11,802 units in May 2024, adding over INR 1,010 Crores (Cr) to the state exchequer for the month of May 2024…
- Properties worth Rs 1.17 lakh crore sold by 18 listed realty firms in FY24 03 June 2024, realty.economictimes.indiatimes.com Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes…
- VC funds take a shine to new gen’s D2C brands 03 June 2024, retail.economictimes.indiatimes.com Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs’ deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses. ..
- Mall developers see opportunity in tier 2 cities 03 June 2024, retail.economictimes.indiatimes.com Brands include H&M, Marks & Spencer, GAP and Tasva set up shop in cities like Indore, Mangalore, Patna, Ranchi, Mysore, and Coimbatore, according to data from real estate consultancy CBRE…
- That AC or fridge you were planning to buy just got more expensive 03 June 2024, retail.economictimes.indiatimes.com Consumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium, freight cost increases, Red Sea crisis, and rupee depreciation…
- Retail beyond the metros: Understanding the demands of ‘Real Bharat’ 03 June 2024, retail.economictimes.indiatimes.com Localization emerges as a guiding principle in meeting the demands of Real Bharat. From product assortment to marketing strategies, retailers must embrace the diversity of cultures, languages, and preferences that characterize different regions. This entails not only translating content but also adapting products to suit local tastes and lifestyles…
- As Q-comm stretches itself, others play the patience game 03 June 2024, financialexpress.com With 10-minute deliveries now encompassing not just groceries, but gold coins and even TV, ACs, and fridges, the categories and products on offer are expanding at a pace similar to their delivery periods…
- Titan Company to expand jewellery market share; grow emerging businesses 03 June 2024, livemint.com Jewellery and watch retailer Titan Company is looking to expand its market share in the jewellery business by ramping up store count by nearly 40% to 1,250 across its jewellery brands by FY27, the Bengaluru-based firm said…
- Beer goes bearish in Delhi, fails to meet mercury highs in peak summer 03 June 2024, retail.economictimes.indiatimes.com RetailDelhi’s temperature has hit record highs, but popular beer brands are missing from shelves, affecting chilled beer availability. The sale of beer in Delhi has seen a marginal decline compared to other states due to the lack of availability and limited growth in liquor shops…
- Desi startups head home as market booms 03 June 2024, retail.economictimes.indiatimes.com A growing number of Indian-origin companies are ‘reverse flipping’ – shifting their domicile back to India from overseas because of attractive stock market valuations and to avoid trouble on the regulatory front…
- Startup funding in May rises 62% on year to $817 million 03 June 2024, retail.economictimes.indiatimes.com New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric…
- Strategic acquisition of mid-level talent is pivotal for D2C companies to grow in this market 03 June 2024, retail.economictimes.indiatimes.com The D2C market in India is experiencing significant growth, driven by a surge in consumer numbers and a diversification of offerings. AI and automation are playing a crucial role in revolutionizing operations, while the impact of the Open Network for Digital Commerce (ONDC) is profound…
- The Evolution of E-Commerce in the FMCG Sector 03 June 2024, indianretailer.com In the dynamic realm of Fast-Moving Consumer Goods, the digital revolution is reshaping the way consumers shop and interact with brands. With an increasing number of shoppers turning to online channels for convenience and…
- Returns Fraud: 4 Ways to Fight Back with Data Insights 03 June 2024, indianretailer.com The vast majority (90 percent) of online retailers say customers’ misuse of return policies and loyalty programs is affecting their bottom line, according to a global study in 2023 by Riskified[1]…
- How Textile Innovations are Shaping the Next Wave of Fashion in India 03 June 2024, indianretailer.com Positioned at the cliff of a transformative journey, the Indian textile industry is poised to emerge at the forefront of the global landscape. Backed by its rich cultural heritage, the industry is all set to foray into the avenues of..
- Uniqlo Launches Arigato Festival Discount Event from May 31 to June 6 03 June 2024, indianretailer.com Japanese fashion brand Uniqlo has announced its annual Arigato Festival, a flagship discount event running from May 31 to June 6…
- PinterestMitchell USA Launches Innovative Skincare Range for Women on the Go 03 June 2024, indianretailer.com Mitchell USA, a renowned name in the skincare industry, has unveiled a revolutionary skincare regimen designed specifically for women leading busy lives…
- Maybelline New York Teams Up with Peggy Gou for Creative Collaboration 03 June 2024, indianretailer.com Maybelline New York, a renowned cosmetics brand globally, is excited to introduce Peggy Gou, the electronic music sensation, as its latest global ambassador…
- Mitchell USA Launches Innovative Skincare Range for Women on the Go 03 June 2024, indianretailer.com Mitchell USA, a renowned name in the skincare industry, has unveiled a revolutionary skincare regimen designed specifically for women leading busy lives…
- Trent plans global retail push after acing it in India 03 June 2024, economictimes.indiatimes.com Riding the wave of its success in the domestic retail market, Noel Tata-led Trent is exploring opportunities to set up its retail formats outside Indian shores, beginning with a flagship store in Dubai, said people in the know…
- Sunteck Realty Ltd Records Higher Ever Pre-sales in FY24 01 June 2024, rprealtyplus.com Sunteck Realty Limited, Mumbai’s premium real estate developer, announced its results for the fourth quarter and full year of FY24…
- Investors rejoice: Surakshit Nivesh Yojna (PDPMY Phase-2) launches at Delhi Mall Complex 01 June 2024, realty.economictimes.indiatimes.com After the successful launch of Pehle Dukan Phir Makan Yojana (PDPMY) 1.0 where Raheja Developers received 768 registration and the sale of 150 crore, the real estate developer is now coming up with the Surakshit Nivesh Yojna (PDPMY Phase-2)…
- In-store mobile phone sales dry up on rising temperatures 01 June 2024, retail.economictimes.indiatimes.com “Regions such as Delhi, Rajasthan, Haryana and UP have been particularly affected by the heatwave and power cuts in Delhi, resulting in a drastic 50% decline in business,” said Kailash Lakhyani, chairman, All India Mobile Retailers Association that represents 1.5 lakh mobile retailers across the country…
- Godfrey Phillips Q4 net profit rises 46% to Rs 215.12 crore, Revenue up 22.8% to Rs 1,197 crore 01 June 2024, retail.economictimes.indiatimes.com Cigarette maker Godfrey Phillips India Ltd on Thursday reported an increase of 46.25 per cent in its consolidated net profit to Rs 215.12 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 147.09 crore during the January-March period of the previous fiscal, according to a regulatory filing from Godfrey Phillips India…
- HUFT’s couplepreneur on international expansion, increasing manufacturing capacity and profitability 01 June 2024, retail.economictimes.indiatimes.com Apart from this, the brand is also planning to invest Rs 15 crore to expand the pet food manufacturing capacity of its 2 production facilities based out of Bengaluru to cater to the demand for the next 3-5 years…
- Indians give eateries cold shoulder amid head-spinning heat 01 June 2024, retail.economictimes.indiatimes.com Extreme heatwave conditions across India have significantly impacted restaurants, pubs, and bars, leading to a sharp decline in sales and footfalls, with some outlets reporting up to a 40% decrease. Al fresco dining and high street locations are worst affected, especially during lunch hours, which are seeing a notable drop in business. The heatwave, with temperatures exceeding 50 degrees Celsius in some places, has led people to avoid outdoor dining, impacting sales till about 6 pm…
- Alcobrew Distilleries aims to cross volume target of 5 million cases, eyes Rs 1,000 crore revenue in FY25 01 June 2024, retail.economictimes.indiatimes.com Alcobrew’s brands, particularly White & Blue and Golfer’s Shot have been majorly contributing to its growth. In 2023-24, it has sold over 7,00,000 cases of Golfer’s Shot and aims to double this figure in this fiscal. Anant Iyer, chief operating officer said, “Our premium brands have driven growth not only in volume but also in overall revenue.”…
- Soundbar maker Govo revenue jumps 5X; targets to cross Rs 1,000 cr mark by FY2027 01 June 2024, retail.economictimes.indiatimes.com Bengaluru-headquartered Govo, which sells soundbars, earphones, and headphones, clocked a revenue of Rs 100 crore in FY2024, against Rs 20 crore in the previous year. The startup is eyeing to reach the Rs 1,000 crore mark by FY2027, Jalan shared…
- Sky Gold sees two-fold jump in Q4 net profit at Rs 13.6 crore 01 June 2024, retail.economictimes.indiatimes.com “In December 2023, the company transitioned to a significantly larger facility located in Navi Mumbai, boasting a production capacity of 750 kg per month/year. This move has been instrumental in driving substantial growth,” Sky Gold Managing Director and CFO Mangesh Chauhan said…
- Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar 01 June 2024, retail.economictimes.indiatimes.com Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its trendy denims and limited edition apparel. Gap’s quarterly store sales jumped 3% from a year ago as it has been expanding its store presence, while online sales rose 5% to account for 38% of the total sales…
- ASICS Expands Presence with New Store in Pune 01 June 2024, indianretailer.com Renowned Japanese athletic footwear and apparel retailer, ASICS, has officially opened its latest store at the vibrant Amanora Mall in Pune, as announced by the shopping center…
- Croma Unveils its Biggest Outlet at Legend Centra Mall in Bhiwadi 01 June 2024, indianretailer.com Consumer electronics retail giant Croma, a subsidiary of the Tata Group, has proudly inaugurated its largest store in Bhiwadi, located within the esteemed Legend Centra Mall…
- PinterestThe Evolution of E-Commerce in the FMCG Sector 01 June 2024, indianretailer.com In the dynamic realm of Fast-Moving Consumer Goods, the digital revolution is reshaping the way consumers shop and interact with brands. With an increasing number of shoppers turning to online channels for convenience and…
- Profit and Loss (P&L) Statement Definition, Importance and Helpful Tips 01 June 2024, retail.economictimes.indiatimes.com A Profit and Loss (P&L) statement is a vital financial document that provides a summary of a company’s revenues, costs, and expenses over a specific period. This comprehensive guide will explore the definition of a P&L…
- Parag Milk Foods Aims for 15,000 Cows and 1.5 Million Touchpoints by 2027! 01 June 2024, retail.economictimes.indiatimes.com As the demand for dairy products continues to surge, Parag Milk Foods has strategically positioned itself to capture a larger share of the market. Their revenue has crossed Rs 3,000 crore mark on the back of strong brand equity and competitive market positioning…
- Noise Expands Luna Ring to Retail Stores in Six Indian Cities 01 June 2024, indianretailer.com Building on the online success of its Luna Ring, Noise, a leading smartwatch and connected lifestyle brand in India, is now making its flagship product available in select Reliance Digital and Vijay Sales stores across six cities…
- Off-Price Retailers: Everything You Need to Know 01 June 2024, indianretailer.com Off-price retailers are a fascinating and essential segment of the retail industry, renowned for providing high-quality products at significantly discounted prices…
- 21 Best Stores Like Walmart in India (2024) 01 June 2024, indianretailer.com In India, the shopping scene is buzzing with stores like Walmart, offering a fantastic variety of products at great prices. From daily essentials to electronics and apparel, these Walmart alternatives provide a variety of options for the discerning shopper…
- India’s E-commerce Set to Hit US$ 300 Billion by 2030 01 June 2024, indianretailer.com The Indian e-commerce industry is on a rapid upward trajectory, poised to surpass the US to become the second-largest e-commerce market globally by 2034…
- Trends in AI that are Revolutionizing the Retail Landscape 01 June 2024, indianretailer.com The retail industry is experiencing a transformative shift driven by advancements in artificial intelligence (AI). AI technologies are reshaping various aspects of retail operations, from enhancing sustainability to improving..
- Be Together Unveils Vrindavan’s First Mall ‘Be Together Courtyard’ 31 May 2024, rprealtyplus.com Be Together proudly announced the launch of Vrindavan’s first organized retail venture, Be Together Courtyard. With an investment of approx. Rs 350 crore and spanning a saleable area of 275041 Sq.ft. (25552 Sq.mtr), this ground-breaking project is poised to revolutionize the city’s commercial environment…
- Xander Partnership Acquires 100% Interest In Waverock From SPREF II Pte. Ltd. 31 May 2024, rprealtyplus.com Xander Investment Management Pte. Ltd. (XIM), the private equity real estate arm of global investment firm, The Xander Group, announced that a Xander partnership has acquired a 100% interest in Waverock from SPREF II Pte. Ltd. (SPREF II).. ..
- Sunteck Realty posts net profit of Rs 101.33 crore in Q4 FY24 31 May 2024, realty.economictimes.indiatimes.com Sunteck Realty’s net consolidated total income stood at Rs 434.99 crore in Q4 FY24 as against Rs 56.90 crore it recorded in the similar quarter last year…
- Orient Electric appoints Ravindra Singh Negi as MD and CEO 31 May 2024, retail.economictimes.indiatimes.com Announcing the appointment, CK Birla, chairman at Orient Electric said, “Under Ravindra’s leadership, Orient Electric will accelerate its journey to becoming a future ready consumer centric organisation. He will continue to build organisation capability and execution excellence towards growing all key businesses. I would also like to thank Deepak Khetrapal for his valuable contributions to Orient Electric during his tenure as managing director.”..
- Reliance Retail starts ONDC pilot via retail platform Fynd 31 May 2024, retail.economictimes.indiatimes.com Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government’s Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment…
- New-age consumer brands trend on deal street 31 May 2024, retail.economictimes.indiatimes.com Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners’ Mokobara investment and Lighthouse’s bet on Safari…
- Emami Group weighs strategic options for pharmacy retail chain Frank Ross 31 May 2024, moneycontrol.com Kolkata-based diversified conglomerate Emami Group is evaluating strategic options for its pharmacy retail chain Frank Ross, one of the oldest and largest players in Eastern India, including a potential sale, multiple persons in the know told Moneycontrol…
- ‘Afternoon economy’ cools as heat keeps customers indoors 31 May 2024, retail.economictimes.indiatimes.com Heatwave conditions, particularly in the North, are significantly impacting the ‘afternoon economy,’ affecting sales and footfalls between 12 noon and 4 pm. The scorching temperatures are leading to a decline in the availability of delivery riders, pushcart vendors, and sales workers. Businesses are experiencing disruptions in routine deliveries and working hours, prompting changes in operating hours and strategies to cope with the heat. While business activity is dampened in the afternoon, there is some compensation during the evening as people prefer to stay indoors and order in…
- Killer jeans maker picks 50% in Kraus for Rs 166.5 cr, enters women denim segment 31 May 2024, retail.economictimes.indiatimes.com Kraus jeans sells in over 1,000 multi-brand large format stores like Lifestyle, Pantaloons, Reliance, Shoppers Stop, and Lulu, it said, adding that the company has a network of 488 exclusive brand outlets and 80 distributors. “Today’s acquisition marks a significant milestone in our journey, aligning with our strategic vision of expanding and diversifying our denim and casual wear portfolio,” KKCL’s chairman and managing director Kewalchand Jain said…
- Abercrombie & Fitch raises annual sales growth target as trendy styles drive demand 31 May 2024, retail.economictimes.indiatimes.com Abercrombie & Fitch raises annual sales growth target as trendy styles drive demand. “Our brands are delivering high-quality, on-trend assortments for new and retained customers across regions and brands,” CEO Fran Horowitz said. The company reported net sales of $1.02 billion in the quarter, compared with analysts’ average estimate of $963.3 million, according to LSEG data. Adjusted profit rose to $2.14 per share, compared with analysts’ estimate of $1.74 per share…
- Summer products sales go off the charts 31 May 2024, retail.economictimes.indiatimes.com Demand for ACs surges in India as retailers face shortages, leading to production challenges for brands like Haier. Voltas Ltd office saw a retailer camping out for stock, while managing director Pradeep Bakshi dealt with high demand and depleted inventory…
- WhatThe Rise of Premium and Bespoke Products 31 May 2024, indianretailer.com In recent years, there has been a noticeable shift towards premium and bespoke products across various industries. This trend is largely driven by a more informed and demanding consumer base that prioritizes quality, customization, and unique experiences over mass-produced items…
- How Farah Khan Ali Transformed Indian Jewelry with Bold Designs and Sustainability 31 May 2024, indianretailer.com Farah Khan Ali, Founder and CEO of Farah Khan Fine Jewellery, has a fascinating story that began unexpectedly. “As a 21-year-old, I had just graduated and was bored with my life,” she recalls. “I didn’t know what I wanted to do because I had tried interior design, ad film making, television, and I still hadn’t found my calling.”..
- McDonald’s India – North and East Launches Chicken Surprise Burger 31 May 2024, indianretailer.com McDonald’s India – North and East has launched latest Chicken Surprise burger during the summer holidays. A pocket-friendly delight, this delectable burger is set to tantalize taste buds across the region at an introductory price of Rs. 65/-* for the a-la-carte (original price Rs. 69/-)…
- Amoeba Bowling & Sports Bar is Back with Unmatched Excitement 31 May 2024, indianretailer.com Amoeba Bowling & Sports Bar has announced its reopening, featuring a new logo and rebranding effort. Founded by brothers Hanif and Maheboob Siwani in 2001, Amoeba has long been known for its blend of arcade and bowling, catering to a wide range of ages and interests…
- How Byg Ventures is Redefining India’s Hospitality Scene One Outlet at a Time 31 May 2024, indianretailer.com Byg Ventures, the parent company behind renowned brands like Byg Brewski and Bob’s Bar, has carved a niche in the food and beverage industry through innovation, dedication, and a keen understanding of consumer desires…
- UBL, AB-InBev, and Carlsberg Collaborate to Establish Brewers’ Association of India 31 May 2024, indianretailer.com India’s foremost beer manufacturers, including United Breweries (UBL), now under the ownership of Dutch brewing giant Heineken, AB-InBev, and Carlsberg, have jointly announced the establishment of a new industry association named Brewers’ Association of India (BAI)…
- India’s Streetwear Market Grows with Launch of Underrated Club 31 May 2024, indianretailer.com KingsCraft Online Brands Private Limited is set to transform the Indian fashion landscape with the introduction of Underrated Club, a premier streetwear fashion brand…
- Pluckk Achieves Rs. 100 Cr ARR, Sets Sights on Doubling Revenue in Next 12 Months 31 May 2024, indianretailer.com Pluckk, a leading digital lifestyle-oriented fresh food brand, has wrapped up FY24 with an Annualized Revenue Run Rate (ARR) of Rs.100 crore. With operations in key cities including Delhi, Mumbai, Bangalore, and Pune, Pluckk is accessible on over eight marketplace platforms…
- Pinterest and VTEX Join Forces to Boost Social Commerce for Customers 31 May 2024, indianretailer.com VTEX (NYSE: VTEX), a leading composable and comprehensive commerce platform for premier brands and retailers, has announced a strategic partnership with Pinterest…
- Brigade Group Records Highest Ever Sales -Revenue In FY24 30 May 2024, rprealtyplus.com Brigade Group reported its highest ever real estate sales of 7.55 Mn sft for the financial year ended March 2024…
- Omaxe reports net loss of Rs 145 crore in Q4 FY24 30 May 2024, realty.economictimes.indiatimes.com Total income rose 82 per cent to Rs 542.32 crore in the fourth quarter of last fiscal from Rs 298.17 crore in the corresponding period of the previous year, according to a regulatory filing…
- Prestige Estates Projects’ net profit dips 53.32% in Q4 FY24[ 30 May 2024, realty.economictimes.indiatimes.com Prestige Estates Projects’ net consolidated total income stood at Rs 2,232.50 crore in Q4 FY24, a dip of 24.01 per cent from Rs 2,938 crore it recorded in the similar quarter last year…
- Reliance’s JioMart to enter quick commerce; launch 30-minute delivery starting June 30 May 2024, retail.economictimes.indiatimes.com The quick commerce service will be launched under JioMart. Currently, JioMart delivers in two formats – next-day delivery and slotted delivery. The company plans to launch a 30-minute delivery service from June onwards, said people aware of the development…
- Extreme summer heat & loss of productivity lead to an all-time high demand for delivery personnel 30 May 2024, retail.economictimes.indiatimes.com Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%…
- Emami Q4 profit rises 3.6% to Rs 146.75 crore, revenue up 6.6% to Rs 891.24 crore 30 May 2024, retail.economictimes.indiatimes.com Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024. The company’s PAT for the same quarter of the previous fiscal stood at Rs 141.62 crore, according to a company regulatory filing…
- Retail cos, QSRs expand at slowest pace in 5 years 30 May 2024, retail.economictimes.indiatimes.com Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year…
- Senco Gold aims for 15-20% revenue growth and profit 30 May 2024, retail.economictimes.indiatimes.com The jewellery chain reported a 39 per cent year-on-year revenue growth in the fourth quarter of FY’24 (2023-24) to INR 1,137 crore, while its profit jumped 23 per cent to INR 32.17 crore. For the entire fiscal year, the revenue growth was 29 per cent with turnover reaching INR 5,241 crore, backed by rising gold prices and increased demand from existing and new stores. The net profit expanded by 14 per cent to INR 181 crore…
- Top beer companies launch a new brewers association in India, backed by World Brewing Alliance 30 May 2024, retail.economictimes.indiatimes.com Brewers Association of India (BAI) is being established in partnership with the World Brewing Alliance (WBA), the global industry body consisting of brewers and brewing trade associations from Australia, Canada, the UK, the USA, Europe, Japan, Korea, Latin America, Brazil, New Zealand, Nigeria and now India. The goal of WBA is to exchange knowledge and best practices among brewers and other stakeholders…
- Wagamama partners with Travel Food Services to launch in India later this year 30 May 2024, retail.economictimes.indiatimes.com Wagamama, a pan-Asian restaurant operator, announced its partnership with Travel Food Services (TFS), India’s growing travel food and retail company, which will see it enter India later this year, in response to significant demand for the brand in the country. Following the expansion, Wagamama will operate in 19 countries world-wide and continues to enjoy global appeal…
- Essar Group venture Pluckk reports Rs 100 cr ARR in FY24 30 May 2024, retail.economictimes.indiatimes.com Founded in 2021, Pluckk operates in Delhi, Mumbai, Bengaluru and Pune through more than eight marketplace platforms and delivers over 2 million products every month, a company statement said…
- WellBe Foods Hits 1000-Store Milestone 30 May 2024, indianretailer.com WellBe Foods, a direct-to-consumer (D2C) brand under the Nimida Group, has achieved a significant milestone by reaching 1000 stores in FY 2023-24…
- E-Commerce Thrives in Telangana as Local Retailers Witness 1100pc Growth 30 May 2024, retail.economictimes.indiatimes.com The local retailers in Telangana have taken a commanding lead in the e-commerce sector, witnessing an astonishing 1100 percent growth in transactions…
- What is Retail? Definition and Guide (2024) 30 May 2024, indianretailer.com Retail meaning is integral to both consumer behavior and business strategies. What is retail? At its core, retail involves the direct sale of goods or services to consumers for personal use…
- Wooden Street Turns 9 with 97 Stores in India 30 May 2024, indianretailer.com Wooden Street, India’s leading furniture retailer, is celebrating its 9th anniversary with a special sale offering significant discounts this May. The #9YearsofDeliveringHappiness campaign highlights the company’s journey since its inception in 2015…
- Retail Meaning and Translations in Indian Languages 30 May 2024, indianretailer.com Retail is where products and services reach customers, connecting manufacturers to consumers. It plays a vital role in every industry as the last step in the supply chain…
- P&G Hygiene and Health Care Announces Mrinalini Srinivasan as New CFO 30 May 2024, indianretailer.com Procter and Gamble Hygiene and Health Care Ltd made a significant announcement, revealing the appointment of Mrinalini Srinivasan to the esteemed position of Chief Financial Officer, effective June 29, 2024…
- Branded Jewelers Anticipate 20 pc Revenue Surge in FY25, Margin Growth May Ease 30 May 2024, indianretailer.com The domestic jewelry industry is expected to record muted volume growth in FY25 due to a steep rise in gold prices in recent months, the evolving macroeconomic scenario, and the likelihood of high volatility in prices…
- Lava International Enlists Rajesh Sethi as Group CFO 30 May 2024, indianretailer.com Lava International Ltd, the pioneering mobile manufacturer from India, has announced the appointment of Rajesh Sethi to the key position of Group Chief Financial Officer (CFO), signaling a strategic move towards fortifying its financial management and strategic planning framework…
- Type Beauty Inc. Redefines Indian Market with Custom Skin-Inclusive Products 30 May 2024, indianretailer.com Type Beauty Inc., a pioneering beauty brand, is celebrated for its skin-inclusive, dermatologically tested makeup using innovative formulations tailored to all Indian skin types…
- TARC posts Rs 52 crore net loss in Q4 FY24 29 May 2024, realty.economictimes.indiatimes.com Total income declined 92 per cent to Rs 10.36 crore in the fourth quarter of last fiscal from Rs 135.53 crore in the corresponding period of the previous year, according to a regulatory filing on Monday…
- Brigade Enterprises posts net profit of Rs 206 crore in Q4 FY24 29 May 2024, realty.economictimes.indiatimes.com Total income rose to Rs 1,762.62 crore in the fourth quarter of the last fiscal from Rs 872.11 crore in the corresponding period of the previous year…
- ABFRL Q4 net loss widens to Rs 266.35 crore YoY 29 May 2024, retail.economictimes.indiatimes.com Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL)…
- India’s Adani Group plans e-commerce, payments ventures 29 May 2024, retail.economictimes.indiatimes.com The group is also in talks to offer online shopping through India’s government-backed public e-commerce platform, Open Network for Digital Commerce (ONDC), the report said. If finalised, the services will be available through Adani’s consumer app Adani One, which was launched in December 2022, the report added…
- Modenik Lifestyle appoints ex-P&G India MD as Executive Chairman 29 May 2024, retail.economictimes.indiatimes.com Essential wear company Modenik Lifestyle has appointed former P&G India MD, L.V. Vaidyanathan as its executive chairman, it said in a press release on Tuesday. Vaidyanathan will take over from Sunil Sethi who will retire from the company on July 31. Sethi will continue to serve on the Board of Directors for the company. ..
- Ace turtle appoints Karandeep Singh Jaiya as CBO 29 May 2024, retail.economictimes.indiatimes.com In his new role, Jaiya will lead business operations of a cluster of brands. With 25 years of experience in retail domain across India and the UAE, he excels in various areas, including P&L management, buying and merchandising, and retail operations. His proficiency spans diverse categories and formats, encompassing apparel, homeware, beauty products, fashion, and electronics…
- Pricier kitchen staples upset home budgets 29 May 2024, retail.economictimes.indiatimes.com The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level…
- Major retailers are offering summer deals to entice inflation-weary shoppers 29 May 2024, retail.economictimes.indiatimes.com Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets. Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief…
- Refined Luxury Retreats on the Konkan Coast 29 May 2024, indianretailer.com For the inaugural time in India, Range Rover House welcomes visitors, presenting meticulously crafted modern luxury encounters alongside the exploration of locally assembled Range Rover and Range Rover Sport models…
- Smartsters Expands Product Line with New Infant Cribs 29 May 2024, indianretailer.com Smartsters, known for its innovative children’s furniture, has ventured into the infant category with its latest product launch. This new collection includes the Cocoon Crib with Wheels and the Snuggles – Height Adjustable Crib and Cot Bed, both designed to support the holistic development of infants…
- Key Takeaways from India’s Modern Hybrid Retailers 29 May 2024, indianretailer.com Being a part of the retail industry, being able to adapt and innovate has become paramount. Today, businesses face the daunting task of transforming into modern, innovative hybrid retailers—a journey marked by the fusion of purpose and innovation…
- Branded Jewelers Anticipate 20 pc Revenue Surge in FY25, Margin Growth May Ease 29 May 2024, indianretailer.com The domestic jewelry industry is expected to record muted volume growth in FY25 due to a steep rise in gold prices in recent months, the evolving macroeconomic scenario, and the likelihood of high volatility in prices…
- Page Industries to Boost Growth of Jockey Juniors Category in India 29 May 2024, indianretailer.com Page Industries Limited, the exclusive licensee of JOCKEY International Inc., is strategically focusing on the expansion of the Jockey Juniors category in India for the financial year 2024…
- ProV Reports 96 pc PAT Growth in FY24 29 May 2024, indianretailer.com Proventus Agrocom Limited (ProV), a leading integrated health food brand, has announced its financial results for the fiscal year ending March 31, 2024 (FY24)…
- Type Beauty Inc. Redefines Indian Market with Custom Skin-Inclusive Products 29 May 2024, indianretailer.com Type Beauty Inc., a pioneering beauty brand, is celebrated for its skin-inclusive, dermatologically tested makeup using innovative formulations tailored to all Indian skin types…
- Insight Cosmetics Unveils Skincare Range with 11 Toxin-Free Serums 29 May 2024, indianretailer.com Insight Cosmetics, a well-known name in cosmetics, is making its mark in skincare with an innovative line of 11 serums. After four years of dedicated research and development, the brand is introducing this range of products…
- Orgatre Expands Product Portfolio with Vitamin C Foaming Face Wash 29 May 2024, indianretailer.com Orgatre, a personal care brand, has introduced its expertly crafted Vitamin C Foaming Face Wash, designed to nourish and rejuvenate your skin with every use…
- House of Masaba Expands Its Reach With Its First Store Opening in Chandigarh 29 May 2024, indianretailer.com Mumbai-based apparel brand House of Masaba has made a grand entrance into Chandigarh with the opening of its first flagship store in the city…
- Shopsy Ventures into the Kids’ Segment With Budget-friendly Kids Collection 29 May 2024, indianretailer.com Shopsy, the rapidly growing hyper-value e-commerce platform by Flipkart, has launched an exciting Kids’ Collection just in time for the upcoming summer break…
- Ryze Nicotine Gums Teams Up 100days 29 May 2024, indianretailer.com Ryze, the nicotine gum brand under Fertin Pharma, a global leader, has joined forces with digital commerce specialist firm 100days to fuel its ambitious launch and growth strategies in the Indian market…
- Aparna Constructions Foray In Retail & Entertainment Segments 28 May 2024, rprealtyplus.com Aparna Constructions and Estates Private Limited, a leading real estate developer in South India, announced their foray into the retail-commercial and the entertainment segments with the launch of Aparna Neo Mall and Aparna Cinemas in Hyderabad…
- Food delivery companies lean on existing users for growth 28 May 2024, retail.economictimes.indiatimes.com In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition…
- Honasa Consumer acquires Cosmogenesis Labs for Rs 4 crore to strengthen its R&D capabilities further, says co-founder Varun Alagh 28 May 2024, retail.economictimes.indiatimes.com As a part of the acquisition, Honasa has also acquired Cosmogenesis Labs’ R&D labs and the nanomanufacturing facility based out of Mumbai…
- Tribhovandas Bhimji Zaveri posts Q4 profit rise on steady demand 28 May 2024, retail.economictimes.indiatimes.com The company said it adopted advanced inventory management systems and process automation, among other processes, to streamline operations and reduce costs, adding that it plans to open franchise stores in new cities in the fiscal year 2025…
- Nykaa appoints Santosh Desai as independent director 28 May 2024, retail.economictimes.indiatimes.com Desai served as the CEO of Future Brands Ltd for nearly 17 years. He has also served as the President of McCann, one of India’s premier advertising agencies. Previously, he has been involved in strategically building key brands for numerous local and multinational organizations…
- Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha 28 May 2024, retail.economictimes.indiatimes.com Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition…
- Transforming the Logistics Landscape: How TRUXCARGO is Revolutionizing Shipping and Delivery 28 May 2024, retail.economictimes.indiatimes.com Managing logistics can be a challenge for all businesses, both medium and small enterprises (SMEs). Traditional methods of dealing with logistics often involve meeting with , setting pricing structures and there is the issue limited visibility of the shipping process…
- PhonePe’s Pincode partners with Simpli Namdhari’s in Bengaluru to tap wider customer base 28 May 2024, retail.economictimes.indiatimes.com Homegrown store-first commerce app Pincode by PhonePe on Monday announced it has partnered with Simpli Namdhari’s – India’s only 100 per cent veg omni-channel retailer – to help reach a larger online customer base…
- Gokaldas Exports reports 54% jump in revenue growth 28 May 2024, retail.economictimes.indiatimes.com Bengaluru-based apparel exporter Gokaldas Exports reports a 54% increase in consolidated revenue to Rs 818 crore for the quarter ended March 2024. Despite a 6% dip in profit after tax, strategic acquisitions and equity raise bolster the company’s financial position…
- India’s biryani craze keeps food, delivery companies on their toes 28 May 2024, retail.economictimes.indiatimes.com Grover said the company is also conducting a pilot in Mumbai for ‘Mehfil-e-Behrouz’. “Under this, we will arrange a buffet-like setup for people wishing to host a gathering through Behrouz complete with table runners, and kebabs and curries as accompaniments,” he added…
- Dadu’s Expands with New Outlet and Banquet Space in Kompally, Hyderabad 28 May 2024, indianretailer.com Dadu’s, a well-known brand in retail and india for its traditional and contemporary Indian sweets and snacks, has opened its latest outlet in Kompally, Hyderabad…
- Play ‘N’ Learn Unveils Its Latest Active Edu Fun Spot in Mumbai 28 May 2024, indianretailer.com Play ‘N’ Learn, a premier destination offering Active Edu Fun for children, is excited to announce the grand debut of its latest venue in India, situated at R City Mall, Ghatkopar, Mumbai…
- Heads Up for Tails Opens First International Store in Singapore 28 May 2024, indianretailer.com Heads Up for Tails, India’s leading premium pet care brand, has successfully opened its first international store in Singapore, marking the brand’s global expansion…
- TimeVallée Enters Indian Market with Mumbai Boutiques 28 May 2024, indianretailer.com TimeVallée, the Swiss luxury multi-brand watch concept, has partnered with Art of Time to announce its entry into the Indian retail market with the opening of TimeVallée boutiques in Mumbai…
- Hyperpersonalization: Where Every Click Counts 28 May 2024, indianretailer.com Currently, we are in an era, where the right message to the right consumer, at the right time through the right channel holds the utmost importance…
- TheClear Water Pushes for Conscious Living 28 May 2024, indianretailer.com Retail business in India sees a new player promoting mindful living. Clear Premium Water has released three digital video commercials (DVCs) aimed at encouraging responsible consumption and waste management…
- The Future of Retail: Innovations and Challenges for Malls 28 May 2024, indianretailer.com The future of retail is undergoing a significant transformation, marked by innovations and challenges for malls. Retailers are adapting to changing consumer demands and technological advancements to create enriched experiences and sustainable practices within shopping spaces…
- WickedGud Expands with Healthy Cup Noodles on Swiggy Instamart 28 May 2024, indianretailer.com WickedGud, the FMCG brand focused on providing healthier food options in India, has announced the launch of its latest product, Cup Noodles…
- Nykaa Board Designates Santosh Desai as Independent Director 28 May 2024, indianretailer.com FSN E-Commerce Ventures (NYKAA) has announced Santosh Desai as its newest Independent Director, effective July 15, 2024, pending shareholder approval, for a three-year term…
- Flipkart Grocery Rockets: 1.6X Growth, 50 pc EV Deliveries, and Tier II+ Domination 28 May 2024, indianretailer.com Flipkart Grocery, the e-commerce giant’s foray into the essential commodities sector, has marked a remarkable 1.6X year-on-year growth. This stride underscores Flipkart’s steadfast commitment to offering a seamless online shopping experience, particularly in Tier II+ cities…
- Puravankara’s Revenue Up By 61 % In FY24 27 May 2024, rprealtyplus.com Puravankara Limited (BSE:532891), one of India’s most trusted real estate players, announced its financial results for the fourth quarter (Q4FY24) ending March 31, 2024, and consolidated results for FY24…
- Strata aims to raise Rs 2,000 crore in FY25 under SM REITs 27 May 2024, realty.economictimes.indiatimes.com Strata will initiate the migration of its eligible assets to SM REITs, as it aims to achieve a total assets under managemet (AUM) of Rs 2,000 crore by the end of FY25…
- Intense competition drives prices of wearables to all-time lows; sales up but higher inventory worries companies 27 May 2024, retail.economictimes.indiatimes.com Earbuds start at Rs 400 and smartwatches at Rs 999 for frontline brands, about half of what they were a year ago, companies and researchers said. Although sales are rising, companies aren’t able to clear out stock fast enough, they added…
- DOMS Industries’ net profit up at Rs 42.79 crore in Q4 FY24, YoY standalone revenue grew to Rs 362.4 crore 27 May 2024, retail.economictimes.indiatimes.com Santosh Raveshia, Managing Director, DOMS Industries Limited said, “As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers.”…
- OZiva reports ₹44-crore loss in FY24: HUL 27 May 2024, retail.economictimes.indiatimes.com In FY23, OZiva had posted a net profit of ₹58.3 crore, as it benefitted from a one-time gain of ₹95.5 crore during the year. Its operating revenue for the year was ₹99.3 crore…
- Stove Kraft Q4 net profit at Rs 2.66 crore, revenue grows 17% 27 May 2024, retail.economictimes.indiatimes.com Stove Kraft Limited reported a net profit of Rs 2.66 crore in Q4. Commenting on Q4 results, Rajendra Gandhi, managing director of the company said, “Revenues for 4th quarter stood at Rs 325.2 crore with a gross margin of 37.1 per cent thus registering a growth of 17 per cent in revenue on a Y-o-Y basis. Our gross margins have improved significantly over the past year aided by optimization of operations, efficient manufacturing process and backward integration of market tested and accepted products.”…
- Wai Wai maker CG Foods set to cut salt by 10-25%: CEO 27 May 2024, retail.economictimes.indiatimes.com The move comes amid tighter regulation and heightened scrutiny on packaged foods. “What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers,” Manvendra Amber Shukla said…
- Jagatjit Industries to launch single malt whisky by next year 27 May 2024, thehindubusinessline.com Liquor-maker Jagatjit Industries plans to launch single malt whisky by March 2025, in a bid to strengthen its malt spirits portfolio. The company aims to achieve revenue of ₹970 crore in FY25, said Roshini Sanah Jaiswal, Promoter and Executive Director at Jagatjit Industries…
- BSH Home Appliances charts a multi-pronged strategy to sustain growth momentum in India 27 May 2024, thehindubusinessline.com It plans to introduce new product categories with strong localization support and expand its distribution network, all aimed at maintaining a robust double-digit growth rate in the country…
- Dayal Opticals Broadens Reach With New Store in Chandigarh 27 May 2024, indianretailer.com Dayal Opticals, a prominent name in the luxury eyewear industry, announces its expansion into Punjab with the opening of its first physical store in Chandigarh. This new venture is a significant milestone in the brand’s strategic growth beyond the Delhi NCR region…
- Kamal Watch Co. Launches the Blancpain Range 27 May 2024, indianretailer.com Kamal Watch Co., a distinguished name in luxury timepieces, released the latest Blancpain collection, soon to be available at selected Kamal Watch Co. outlets nationwide…
- SMAAASH- A Unit of Fun Gateway Arena Pvt. Ltd. Rebrands as Zoreko- Original Gamers 27 May 2024, indianretailer.com In a groundbreaking move that promises to reshape the gaming industry, SMAAASH – A unit of Fun Gateway Arena Private Limited, has rebranded itself as “Zoreko – Original Gamers.” This strategic transition highlights the brand’s evolution and dedication to delivering an innovative, high-quality gaming experience to its patrons…
- Top 10 Best Formal Shirt Brands in India 2024 27 May 2024, indianretailer.com Did you know Indians buy more than 500 million formal shirts each year? That’s an impressive stat, isn’t it? Well, if you’re looking to join the trend, you’re in the right place. We’ve got the scoop on the top 10 best formal shirt brands in India. From Louis Philippe’s sophisticated elegance to Fab India’s ethnic charm, you’ll find a brand that fits your style and personality perfectly…
- 10 Best Ethnic Wear Brands in India For Men and Women 27 May 2024, indianretailer.com The ethnic wear industry in India provides a vibrant and diverse range of traditional clothing options for people of all ages and backgrounds. With its rich cultural heritage, India has a long-standing tradition of ethnic wear, which has gained popularity not only within the country but also internationally…
- India’s E-Commerce Revolution: A Flourishing Frontier Reshaping the Economic Landscape 27 May 2024, indianretailer.com In recent years, India has witnessed a transformative surge in e-commerce, positioning itself as a vibrant epicenter of digital commerce that is fundamentally altering the country’s economic fabric…
- The Macallan Debuts Innovative Collaboration with Cirque du Soleil 27 May 2024, indianretailer.com In celebration of The Macallan’s 200th anniversary, the esteemed single malt Scotch whisky brand has embarked on a multi-year collaboration with Cirque du Soleil…
- Miraggio Unveils New Designs for the Summers 27 May 2024, indianretailer.com Miraggio, the renowned handbag brand has announced the launch of its latest edition, “The Apricore Collection” where every bag gets you to the core of the summer. Imbued with the refreshing color of the year – Apricot Crush, immerse yourself in the spirit of summer with a blend of vibrant tones that capture the essence of the season…
- Kolte-Patil Developers Ltd Reports 26% YoY Growth 25 May 2024, rprealtyplus.com Kolte-Patil Developers Ltd., a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its audited results for the fourth quarter ended 31 March 2024…
- M3M Group Unveils Uber Luxury Project ‘M3M Altitude’ In Gurgaon 25 May 2024, rprealtyplus.com The Golf Course Extension Road (GCRE) has become the dream investment destination in the country. It has also solidified its position as the country’s premier housing and retail destination…
- Post-pandemic, Indians shopped…till they dropped (in FY24) 25 May 2024, retail.economictimes.indiatimes.com Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending…
- Prathyusha Agarwal to head Flipkart’s Shopsy 25 May 2024, retail.economictimes.indiatimes.com Prathyusha Agarwal has joined Flipkart as vice president (VP) and head of Shopsy, a spokesperson for the firm confirmed to ET. She was previously the chief business officer of edtech firm Byju’s, with earlier stints at Zee Entertainment, Tata Cliq and Unilever…
- The rise of green shopping 25 May 2024, financialexpress.com “The use of sustainable products in the lifestyle section is booming, be it the surge of clean beauty products or the use of organic cotton fabric in everyday apparel or home décor articles made with natural material,” says Gunjan Jindal Poddar, founder, Amala Earth, an earth-friendly, conscious marketplace…
- D2C brands can grow without offline foray: Fireside Ventures 25 May 2024, financialexpress.com For many direct-to-consumer (D2C) startups, an entry into the offline space has become key to scale. However, VS Kannan Sitaram, co-founder and partner at Fireside Ventures believes a few D2C brands in India will also scale into large companies without an offline expansion…
- Confident of delivering 20% plus value growth for coming year: Ramanpreet Sohi, Honasa Consumer 25 May 2024, retail.economictimes.indiatimes.com ”I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year,” says Ramanpreet Sohi, CFO, Honasa Consumer…
- PE/VC investments drop by 35% in April at $4.4 bn 25 May 2024, retail.economictimes.indiatimes.com In April, private equity and venture capital investments dropped by 35% to USD 4.4 billion compared to USD 6.8 billion in the previous year, as per a report by EY and IVCA…
- Dayal Opticals Broadens Reach With New Store in Chandigarh 25 May 2024, retail.economictimes.indiatimes.com Dayal Opticals, a prominent name in the luxury eyewear industry, announces its expansion into Punjab with the opening of its first physical store in Chandigarh. This new venture is a significant milestone in the brand’s strategic growth beyond the Delhi NCR region…
- Top 10 Brands Like Decathlon In India 25 May 2024, indianretailer.com India’s retail sector has undergone a significant transformation in recent years, with both international and domestic brands catering to the diverse needs of consumers…
- Kamal Watch Co. Launches the Blancpain Range 25 May 2024, indianretailer.com Kamal Watch Co., a distinguished name in luxury timepieces, released the latest Blancpain collection, soon to be available at selected Kamal Watch Co. outlets nationwide…
- SMAAASH- A Unit of Fun Gateway Arena Pvt. Ltd. Rebrands as Zoreko- Original Gamers 25 May 2024, indianretailer.com In a groundbreaking move that promises to reshape the gaming industry, SMAAASH – A unit of Fun Gateway Arena Private Limited, has rebranded itself as “Zoreko – Original Gamers.”…
- How Arya Vaidya Pharmacy Coimbatore Ltd Became a Global Ayurvedic Giant 25 May 2024, indianretailer.com Arya Vaidya Pharmacy Coimbatore Ltd (AVP), under the visionary leadership of its dynamic CEO, Vipin Vijay, has transformed from a localized Ayurvedic company into a globally recognized name in holistic wellness…
- Nykaa’s Witnesses 32pc GMV Growth and 298pc PAT Increase in Q4 FY2024 25 May 2024, indianretailer.com FSN E-Commerce Ventures Limited, popularly known as Nykaa, has released its financial results for the fourth quarter and the full year ending March 31, 2024…
- Honasa Consumer Reports Record 23 pc Growth, Highest Quarterly PAT of Rs 30 crore 25 May 2024, indianretailer.com Honasa Consumer Ltd. has emerged as a frontrunner in the beauty and personal care (BPC) industry, showcasing remarkable financial performance and innovative growth strategies for the quarter ending March 31, 2024, and the fiscal year FY24…
- India’s E-Commerce Revolution: A Flourishing Frontier Reshaping the Economic Landscape 25 May 2024, indianretailer.com In recent years, India has witnessed a transformative surge in e-commerce, positioning itself as a vibrant epicenter of digital commerce that is fundamentally altering the country’s economic fabric…
- Stirring The Pot: How This Cookware Brand is Modernising the Indian Kitchens 25 May 2024, irecwire.com Restaurant India spoke to Dhruv Agarwal, Director, Stahl by Autopress India, one of the pioneer in the cookware industry with over three decades of experience and found on how the brand is redefining people’s expectations of cookware…
- BigScuzo Ice ‘O’ Magic Expands into Lounge and Fine Dining in Dehradun 25 May 2024, indianretailer.com Scuzo Ice ‘O’ Magic, known for its live popsicle concept in the dessert industry, is expanding its offerings to include a lounge and fine dining experience…
- Paul John Whisky Unveils Exclusive Single Cask Release at Bengaluru Airport 25 May 2024, indianretailer.com John Distilleries Pvt Ltd’s Paul John Whisky, known for its award-winning Indian single malts, has announced an exclusive partnership with Avolta Duty Free to launch a unique single cask release for global travelers at Kempegowda International Airport Bengaluru…
- Elgin Hospitality Expands with New Bar Addition in Amritsar 25 May 2024, indianretailer.com Elgin Hospitality, founded by Kavish and Shruti Khurana, has added a finely curated bar, Lord Elgin, to their garden restaurant, Elgin Café in Amritsar…
- Lulu Group To Start Logistics & Food Processing Centre In Amritsar, Punjab 24 May 2024, rprealtyplus.com Abu Dhabi based Lulu Group International, one of the biggest retailers and known for its chain of shopping malls, Hypermarkets and Food Processing Centres spread across Middle East, Far East and Africa is starting a Logistics and Food Processing Centre in the city of Amritsar in Punjab…
- Brigade Group signs JDA to develop 6.9 acres land in Bengaluru 24 May 2024, realty.economictimes.indiatimes.com The project has a total development potential of around 0.8 million sq ft and gross development value of Rs 720 core…
- FY24 milestone year for Tata Consumer Products: N Chandrasekaran 24 May 2024, retail.economictimes.indiatimes.com Tata Consumer Products, led by N. Chandrasekaran, highlights a milestone year in its 2023-24 annual report. Completing the amalgamation of Tata Coffee, integrating brands like Tata Soulfull and NourishCo, and acquisitions like Capital Foods and Organic India, signal a transformative phase. Revenue growth, expanded distribution, and increased market capitalization underscored its success…
- ITC Q4 profit marginally down to Rs 5,191 cr, revenue up 2 pc at Rs 19,446 cr 24 May 2024, retail.economictimes.indiatimes.com “While consumption demand remained subdued in Q4 FY24, improving macro-economic indicators, prospects of a normal monsoon and green shoots witnessed in rural demand recovery after several quarters, augur well for revival in consumption demand in the near term,” said an ITC earning statement…
- Starbucks’ FY24 losses widen to Rs 81.84 crore for India operations 24 May 2024, retail.economictimes.indiatimes.com Of its total loss, Tata Consumer bore Rs 40.91 crore. This is a significant increase compared to the previous year, when Starbucks reported a loss of Rs 24.97 crore on sales of Rs 1086.89 crore…
- Metro Brands net profit more than doubled to Rs 155.57 crore in Q4 FY24 24 May 2024, retail.economictimes.indiatimes.com Metro Brands saw a 126.3 per cent increase in year-on-year net profit for the fourth quarter of FY24, amounting to Rs 155.57 crore. The company extended its retail agreement with Crocs, gaining exclusive rights in western and southern India. CEO Joseph expressed satisfaction with the 11 per cent sales growth despite post-Covid challenges…
- Mamaearth FY24 revenue jumps 29%, profit at Rs 111 cr 24 May 2024, retail.economictimes.indiatimes.com Honasa the parent company of beauty and personal care brand Mamaearth said that it has entered into a binding agreement to acquire Cosmogenesis Labs for Rs 4 crore to strengthen its R&D capabilities. As part of the transaction, the company will acquire formulation expertise, a research and development lab along a nanomanufacturing facility…
- Bikaji Foods International Q4 net profit triples to Rs 116.28 crore 24 May 2024, retail.economictimes.indiatimes.com Bikaji Foods’ total revenue from operations also grew 12.8 per cent YoY to Rs 520.82 crore in Q4 FY24 as against the revenue of Rs 461.69 crore in Q4 FY23. Its total expenses surged to Rs 471.20 crore in Q4 FY24 as against the total expenses of Rs 415.43 crore in the similar period of the previous fiscal, as per the regulatory filing…
- Senco Gold QoQ profit falls; annual revenue crosses Rs 5K crore mark 24 May 2024, retail.economictimes.indiatimes.com On an annual basis, Senco closed the fiscal year 2023 – 24 at sales of Rs 5,241 crore, reporting a 28.5 per cent jump over 2022 – 23. Its yearly profit jumped to Rs 181 crore…
- One8 Commune to invest Rs 35 crore to more than double its outlets 24 May 2024, retail.economictimes.indiatimes.com Apart from this, by mid FY 25, the brand plans to add more verticals like a cafe offering Virat Kohli’s merchandise…
- Jockey’s India licensee posts Q4 earnings miss on high inventory costs, muted demand 24 May 2024, retail.economictimes.indiatimes.com The company, which manufactures and distributes innerwear, sportswear and athleisure for the brand, reported a profit of 1.08 billion rupees ($13 million) for the quarter ended March 31, falling short of analysts’ estimates of 1.32 billion rupees, as per LSEG data. Soaring inventory costs hit Page Industries’ bottom-line even as post-COVID demand for its innerwear and athleisure collections stayed steady…
- Swiss Military Q4 net profit up 42.7%; annual revenue rises 44.5% to Rs 187.9 crore in FY24 24 May 2024, retail.economictimes.indiatimes.com On its financial performance, Anuj Sawhney, managing director of Swiss Military Consumer Goods said, “We have achieved another strong financial quarter, thanks to robust turnover growth and significant brand development initiatives. Swiss Military is debt-free and asset-light with a very strong research-based approach to solving customer problems.”…
- FMCG giants pivot to premium: Nestle & ITC lead with innovative strategies 24 May 2024, retail.economictimes.indiatimes.com FMCG giants like Nestle India and ITC are adopting innovative strategies to tap into the growing demand for premium products. Nestle plans to hire tasters and connoisseurs for its super-premium Nespresso coffee and boutiques, while ITC is leveraging AI and ML to predict demand and recommend products for its premium portfolio, including Fabelle chocolates and skincare. Other companies like Tata Consumer Products and GCMMF (Amul) are also focusing on premiumization, with Tata introducing Himalayan Saffron and Amul opening upscale parlours…
- Big Hello Expands Plus-Size Fashion Retail in Hyderabad 24 May 2024, indianretailer.com Big Hello, a specialty fashion brand for plus-sized individuals, has launched four new retail experience stores in Hyderabad…
- Sudden Boom of Gifting Market in India 24 May 2024, indianretailer.com The Indian gifting market, also known as the gifting industry in India, boasts a significant market size of $30 billion. While the digital space contributes $400 million to this total, the majority comes from traditional channels…
- L’Oréal Unveils Big Bang Beauty Tech Program in SAPMENA Region, Including India 24 May 2024, indianretailer.com L’Oréal has introduced the Big Bang Beauty Tech Innovation Program across the South Asia Pacific, Middle East, and North Africa (SAPMENA) region, encompassing India, to foster the next wave of beauty advancements…
- DS Group’s Confectionery Arm Hits Rs 1,000 cr in Annual Sales 24 May 2024, indianretailer.com Dharampal Satyapal Foods Ltd. (DSFL), the confectionery division of DS Group, has achieved a notable milestone by surpassing Rs 1,000 crore in annual sales turnover for FY 2023-24…
- Plum Appoints Preenu Abraham as Chief Business Officer 24 May 2024, indianretailer.com Plum, the science-first, 100-percent vegan beauty brand established in 2014, is enhancing its leadership team as it plans to expand its omni-channel retail network across India…
- Best Brands Like Shein in India 24 May 2024, indianretailer.com Shein, known for its trendy and affordable clothing, has become a go-to choice for fashion enthusiasts. However, with Shein ceasing its operations in India, consumers are now on the lookout for Shein alternatives in India…
- The Rise of Sustainable Fashion: Innovations Shaping the Future of Textile Industry 24 May 2024, indianretailer.com The fashion industry, once synonymous with rapid trends and disposable clothing, is undergoing a remarkable transformation with the rise of sustainable fashion…
- K Raheja Corp Homes Marks Its Debut In Sion- Mumbai 23 May 2024, rprealtyplus.com K Raheja Corp Homes, the residential business of the K Raheja Corp group, marks its entry into the vibrant neighborhood of Sion, Mumbai, with Raheja Amaltis, its premier residential project just off the Chembur-BKC connector…
- L&T Realty inks pact for joint development of 12.2-acre land in Thane 23 May 2024, realty.economictimes.indiatimes.com The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project…
- Jubilant FoodWorks sees multifold jump in net profit to Rs 208.24 crore in Q4 FY24 23 May 2024, retail.economictimes.indiatimes.com Its total income stood at Rs 1,594.12 crore in Q4 FY24 as against the total income Rs 1,289.59 crore in the similar period of the previous fiscal. However, total expenses of the company grew to Rs 1,545.47 crore in the quarter ended March, 2024 as compared to Rs 1,205.15 crore in the period, a year…
- Nykaa Q4 Results: Profit zooms 187% YoY to Rs 6.9 crore; revenue rises 28% 23 May 2024, retail.economictimes.indiatimes.com The consolidated net profit stood at Rs 2.4 crore in the last-year period. Nykaa’s board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis. The company’s board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis. FSN International will further invest around $1.9 million in one of its overseas arm…
- Paytm expects near-term impact on revenue, profitability due to regulatory action: Vijay Shekhar Sharma 23 May 2024, retail.economictimes.indiatimes.com Paytm’s parent, One 97 Communications Ltd, is taking steps to “strengthen the governance framework across our group entities (especially regulated entities)” by appointing subject matter experts as advisors of independent directors, says founder Sharma in letter to shareholders. Going forward in the ongoing fiscal, Paytm also anticipates reduction in employee costs…
- DS Group eyes Rs 5,000 crore sales from confectionery biz in 5 years 23 May 2024, retail.economictimes.indiatimes.com In terms of growth drivers going ahead, he said the company will continue to maintain its leadership position in the Hard-boiled Candy (HBC) and Indian ethnic confectionery (IEC) segments, besides driving up new segments such as chocolate…
- ITC focusing on innovative packaging and product premiumisation to boost CX 23 May 2024, retail.economictimes.indiatimes.com ITC aims to make its packaging channel-agnostic as creating different packaging for each channel poses a challenging supply chain issue. However, not all products can utilize the same packaging for the e-commerce supply chain. Sharing thoughts on the packaging difference in the channels, Biswarup Chakrabarty, general manager and head of packaging development, at ITC Foods said, “We develop distinct secondary packaging or SKUs for e-commerce, collaborating closely with the respective channels.”..
- Temu owner Pinduoduo says triples net profit in first quarter 23 May 2024, retail.economictimes.indiatimes.com Chinese e-commerce giant Pinduoduo announced Wednesday its net profit for the first quarter more than tripled, as the Temu owner continues to boost its competitiveness in its home market and abroad. In March, the company announced near-double annual profits in 2023, a year in which it briefly surpassed Alibaba — owner of Chinese e-commerce behemoth Taobao — in terms of market capitalisation for the first time…
- Organised gold jewellery retailers to achieve strong revenue growth in FY25: CRISIL 23 May 2024, retail.economictimes.indiatimes.com A CRISIL Ratings report forecasts 17-19% annual revenue growth for organised gold jewellery retailers in fiscal 2025, driven by higher gold prices…
- Wildcraft India partners Apparel Group for expansion in GCC region 23 May 2024, retail.economictimes.indiatimes.com The tie-up will endeavour to establish an exclusive store network across all the six countries in the Middle East — Saudi Arabia, UAE, Oman, Qatar, Bahrain, and Kuwait…
- M&S’s profit soars 58% as a turnaround plan finally delivers 23 May 2024, retail.economictimes.indiatimes.com M&S made profit before tax and adjusting items of 716.4 million pounds ($913 million) in the year to March 30, ahead of analysts’ forecasts of 665 million to 705 million pounds and the 453.3 million pounds made in 2022/23. Sales rose 9.4% to 13.1 billion pounds, with food sales up 13.0% and clothing and homewares up 5.3%…
- Uneven rainfall affected rural demand, says HUL chairman Nitin Paranjpe 23 May 2024, retail.economictimes.indiatimes.com Hindustan Unilever (HUL) reported a strong performance in the last fiscal year despite challenges in the macroeconomic environment, including erratic rainfall affecting agricultural output and rural demand. Chairman Nitin Paranjpe noted a gradual deflation in commodity prices but highlighted sustained high inflation…
- Jubilant FoodWorks sets target to open over 5,500 Domino’s Pizza stores globally in medium term 23 May 2024, livemint.com Jubilant FoodWorks Ltd (JFL) which operates master franchise rights from Domino’s Pizza in India and select global markets on Wednesday said it could potentially open over 5,500 Domino’s Pizza stores in the six global markets it operates in the medium term up from the current 2,793 outlets in these markets…
- Departmental Store : Definition,Types, Advantages, and Disadvantages 23 May 2024, indianretailer.com Departmental stores have become a staple in urban and suburban areas, offering a one-stop shopping experience for consumers. These large retail establishments are designed to cater to a wide array of consumer needs, from groceries and clothing to electronics and home goods…
- PowerMax Aims for 500 cr Revenue Milestone in Fiscal Year 23 May 2024, indianretailer.com PowerMax has announced its goal to reach a 500 crore revenue milestone this fiscal year. Known for its affordability and durability, PowerMax has made a name for itself in the retail sector in India, offering a range of products including treadmills, multi-gyms, exercise bikes, and rowing machines…
- PoloQueen Industrial Partners with Raveena Tandon to Boost Kitchen Essentials Range 23 May 2024, indianretailer.com PoloQueen Industrial and Fintech Limited, a leading FMCG player listed on the BSE, has announced Bollywood actress Raveena Tandon as its brand ambassador…
- Most Common Retail Abbreviations & Acronyms 23 May 2024, indianretailer.com KPI stands for Key Performance Indicator. In retail, KPIs are like your dashboard gauges, telling you how your store is performing in key areas. They help you track progress towards your goals and identify areas for improvement…
- 10 Best Vodka Brands in India Under Rs1500 to Try in 2024 23 May 2024, indianretailer.com India’s vodka market has seen a surge in popularity, with consumers seeking quality and affordability. Vodka has become a preferred choice for many, thanks to its versatility and the variety of flavors available…
- Evolution of E-commerce in India 23 May 2024, indianretailer.com India’s e-commerce landscape is undergoing a dramatic transformation, fueled by the ever-increasing presence of mobile phones in people’s pockets…
- Arrow Broadens Reach with Kolhapur Store Opening 23 May 2024, indianretailer.com Arrow, the renowned professional menswear brand under Arvind Fashions Limited, announced the opening of its exclusive brand outlet in Kolhapur, Maharashtra…
- Nexus Select Trust in talks to buy Marina Mall in Chennai 22 May 2024, realty.economictimes.indiatimes.com Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India’s retail growth and mall consumption surge…
- CapitaLand Investment appoints Sumit Gera as CEO for India Business Parks 22 May 2024, realty.economictimes.indiatimes.com As part of CLI’s leadership succession plans, Gera has assumed the position from Gauri Shankar Nagabhushanam, who has been appointed as CEO (Designate) of CapitaLand India Trust (CLINT)…
- CapitaLand Investment appoints Sumit Gera as CEO for India Business Parks 22 May 2024, realty.economictimes.indiatimes.com As part of CLI’s leadership succession plans, Gera has assumed the position from Gauri Shankar Nagabhushanam, who has been appointed as CEO (Designate) of CapitaLand India Trust (CLINT)…
- As mercury rises, so does the demand for home delivery 22 May 2024, retail.economictimes.indiatimes.com Ecommerce platforms are experiencing a surge in demand for essentials like groceries, leading to a spike in deliveries. This surge is also increasing the demand for manpower at dark stores and distribution centers. Orders in the National Capital Region have seen a sharp increase, with consumers also ordering ice-creams and beverages online…
- ETRetail Interviews: VLCC MD decodes 3.0 journey for the brand 22 May 2024, retail.economictimes.indiatimes.com Catch Vikas Gupta, Managing Director and Group CEO, VLCC in an exclusive chat with ETRetail’s Pallavi Goel as he decodes 3.0 Journey for the brand…
- Arvind Fashions net profit rises to Rs 39.7 cr in Q4, revenue up 3.6% at Rs 1,094 cr 22 May 2024, retail.economictimes.indiatimes.com Arvind Fashions had sold its Sephora business to Reliance Retail in the last December quarter. According to AFL, its profit from continuing business was at Rs 25 crore, up 72 per cent year-on-year. AFL’s revenue from operations was up 3.66 per cent to Rs 1,093.85 crore during the quarter from Rs 1,055.20 crore a year earlier…
- Offline stores are trending as new set of D2C firms emerge 22 May 2024, retail.economictimes.indiatimes.com Investors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverage, are opening physical stores (going offline) even after their initial funding round…
- Whirlpool of India Q4 net profit rises 24.7 pc to Rs 79.5 cr 22 May 2024, retail.economictimes.indiatimes.com Whirlpool of India on Monday reported a 24.7 % increase in consolidated net profit to Rs 79.45 crore in the March quarter with net profit of Rs 63.71 in January-March quarter of the previous fiscal…
- New prompt for virtual retail: Ecommerce firms are using AI in a variety of ways to take on physical retail 22 May 2024, retail.economictimes.indiatimes.com Ecommerce companies use AI models for virtual try-on, personalized recommendations, language understanding, browsing history tracking, profile details analysis, vernacular language support, spell error correction, transliterated usages support, query classification, facial analysis for cosmetics suggestions, outfit suggestions based on skin tone, virtual assistant features, and product assistance to enhance the customer experience…
- Anuj Rathi to take over as CEO of Flipkart-owned Cleartrip 22 May 2024, retail.economictimes.indiatimes.com Flipkart is seeing another set of top-deck changes, as it ropes in Anuj Rathi as the new CEO of its travel booking unit Cleartrip, while top executives Prabh Simran Singh and Sankalp Mehrotra are exiting the firm…
- Trent speeds up Zudio expansion, adds over 200 stores last fiscal 22 May 2024, livemint.com Trent Ltd’s value apparel format Zudio opened a record 203 new stores during fiscal 2024, while entering 46 new cities during the year taking the total number of stores to 545, the retailer said…
- SP Apparels reports 40 per cent increase in PAT to ₹28 crore in Q4 FY24 22 May 2024, thehindubusinessline.com SP Apparels Ltd, the Avinashi-based textiles company, has reported a 40 per cent increase in consolidated net profit to ₹28 crore for the fourth quarter ended March 31, 2024, as against ₹20 crore for the same quarter last year. Revenue increased 7 per cent to ₹295 crore (₹275 crore)…
- Landcraft Retail Debuts Gourmet Store in Bandra West 22 May 2024, indianretailer.com Landcraft Retail, founded by Lalit Jhawar and Mayank Gupta, has announced an undisclosed funding round with notable investors such as supermodels Ujjwala Raut, Vartika Singh, designer Payal Singhal, digital creator and mom blogger Simone Khambatta, and luxury fashion house Purple Style Labs…
- Yousta Expands to North India with New Store in Prayagraj 22 May 2024, indianretailer.com Reliance Retail’s youth-focused fashion brand, Yousta, has launched its first store in North India, located in Prayagraj at SP Marg, Civil Lines…
- The Body Shop UK in Administration India Remains Strong 22 May 2024, indianretailer.com The Body Shop’s UK market and UK-based Global Head Office have entered administration, with a sale process for the business initiated on Monday, May 20, 2024…
- ISWAI Advocates for Uniform Alcohol Guidelines in India 22 May 2024, indianretailer.com In a move to address common misconceptions about alcohol consumption, the International Spirits and Wines Association of India (ISWAI), the leading body of the premium AlcoBev sector, is pushing for uniform alcohol guidelines across India…
- Differences Between Store and Non-Store Retailing 22 May 2024, indianretailer.com Retailing is a fundamental part of the economy, providing consumers with access to goods and services. Retail can be divided into two main categories: store retailing and non-store retailing…
- Top 10 Grocery Brands in India 22 May 2024, indianretailer.com India’s grocery retail sector has evolved significantly over the past few decades, becoming one of the most vibrant and competitive markets globally…
- Flipkart Reports 1.6X Growth in Grocery Business 22 May 2024, indianretailer.com Flipkart, a major player in India’s e-commerce retail market, has announced a 1.6X year-on-year growth in its grocery segment. This milestone highlights Flipkart’s dedication to delivering a comprehensive online shopping experience to consumers across India, offering a wide selection of daily essentials at competitive prices…
- Donear Group Coming Up with New Retail Chain ‘Neo Stretch Retail’ 22 May 2024, irecwire.com The brand will initially be available through company-owned stores (COCO) and eventually expand via franchising models…
- Ethnix by Raymond plans aggressive expansion in tier-2, 3 cities, eyes 250 stores by fiscal end 21 May 2024, retail.economictimes.indiatimes.com Ethnix by Raymond is aiming to reach 250 stores mark this fiscal year with a focus on regions with a high concentration of ethnic wear consumer brands, particularly in tier 2 and 3 cities, which constitute about 85 per cent of the market, said chief business officer Bidyut Bhanjdeo in an exclusive interview with ETRetail…
- TCPL clocks 5.3 per cent sales from the launch of new innovative products 21 May 2024, retail.economictimes.indiatimes.com “Last fiscal, we added 1,000 distributors. This fiscal, more than the number of distributors per se, we are adding salesmen because a big thrust for us is unlocking the bandwidth at the front end. So, we are going to add about 2,000 salesmen. Apart from this, we are also expanding our reach from 1.5 million to 1.7 million direct outlets,” said Sunil D’Souza, MD and CEO, Tata Consumer Products…
- Why AC makers may lose Rs 1200-1500 crore despite heatwave and an all-time high sales 21 May 2024, retail.economictimes.indiatimes.com Major air conditioner manufacturers in India are facing a shortage of products due to a surge in demand caused by the prolonged heatwave. Summer set in early in the country this year, with 35 degree Celsius temperature being reported in many parts across India from the second half of March…
- Top Flipkart executives Prabh Simran Singh, Sankalp Mehrotra to step down 21 May 2024, thehindubusinessline.com Walmart-backed e-commerce major Flipkart’s Senior Vice-President (SVP) of Customer Growth and Retention, Marketing and Ads, Prabh Simran Singh, will be leaving the company in the coming weeks, said people aware of the developments…
- Prada not looking at M&A, CEO says 21 May 2024, retail.economictimes.indiatimes.com The CEO – appointed in January 2023 to lead the company as the next generation of its founding family gets ready to pick up the reins – said he did not know when the change at the helm would take place. Lorenzo Bertelli, one of the two sons of Prada’s founders Miuccia Prada and Patrizio Bertelli, is expected to be appointed CEO after Guerra. In first quarter results published last month, Prada defied a slowdown across the luxury sector, reporting booming demand for its high fashion brand Miu Miu and continued growth in Asia…
- June quarter likely to be a laggard for FMCG, multiplex sectors 21 May 2024, thehindubusinessline.com FMCG companies are likely to a see a muted June quarter due to various factors including elevated inflation levels, heat wave as well as lower than anticipated impact of election season on boosting consumption…
- Pizza Hut appoints Kalen Thornton as global brand chief 21 May 2024, retail.economictimes.indiatimes.com Thornton most recently served as vice president of sports and entertainment marketing for PepsiCo North America, where he led partnerships and built brand affinity across sports entertainment properties – leveraging media, content, and activation investments to drive growth for the beverage portfolio. During his time at PepsiCo, Thornton also served as chief marketing officer of Gatorade…
- Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals 21 May 2024, retail.economictimes.indiatimes.com Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries, though inflation has begun to cool. Many of them have switched to private label brands sold by Target and others big retailers, which are typically less expensive than well-known brands…
- Wipro Consumer VC looks for more follow-on rounds 21 May 2024, retail.economictimes.indiatimes.com Sumit Keshan, managing partner of Wipro Consumer Care – Ventures, said the fund’s approach has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will make a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, he added…
- Sugar Cosmetics expects all its offline stores to turn profitable in FY25 21 May 2024, financialexpress.com Singh said that as the brand scales across geography and demographics, its self-operated stores continue to be a significant part of its business and overall brand positioning…
- Essential Objectives and Strategies in Retail Management 21 May 2024, indianretailer.com Retail management plays a pivotal role in today’s fast-paced commercial world, bridging the gap between consumer needs and the products or services offered…
- Top 10 Female Cigarette Brands in India You Must Know 21 May 2024, indianretailer.com In the lively markets of India, where consumer products are specifically designed for its varied population, certain cigarette brands have successfully positioned themselves to appeal particularly to female smokers…
- Retail Industry in India: Trends and Insights 21 May 2024, indianretailer.com The retail industry in India has been a cornerstone of its economic development, showcasing remarkable growth and evolution over the years. As one of the world’s fastest-growing retail markets, India’s retail sector is characterized by a unique blend of traditional formats and modern retailing concepts…
- Top 5 Jewellery Brands in India with the Largest Retail Networks 21 May 2024, indianretailer.com The Indian Jewellery market is a remarkable display, rich in heritage, skilled craftsmanship, and continuously adapting trends. At its core are the top 5 jewellers in India, who excel in jewellery making and have developed a strong retail presence, making beautiful adornments widely available…
- Mars Cosmetics Collabs with Nancy Tyagi as Official Makeup Partner 21 May 2024, indianretailer.com Indian cosmetic brand Mars Cosmetics collaborated with fashion influencer Nancy Tyagi as their ‘Official Makeup Partner’ at the Annual Cannes Film Festival. The 77th edition of the Cannes Film Festival took place on May 17, 2024…
- Footwear Industry in India: How Bright is the Future? 21 May 2024, indianretailer.com In the global footwear market, trends indicate a promising expansion with a projected growth of 12.83 percent annually by 2028. Significantly, the footwear industry in India is advancing at a rapid rate…
- Revolutionizing Fashion Retail: Integrating D2C and E-commerce Strategies with Technological Innovations 21 May 2024, retail.economictimes.indiatimes.com India is gradually realizing its potential as a key player in the global economy, driven significantly by the increasing purchasing power of its citizens…
- Sbarro Names Mario Bojorquez as President, North America 21 May 2024, indianretailer.com Sbarro, known for its Original New York Style Slices and Strombolis, announced the appointment of Mario Bojorquez as its new President, North America…
- Parag Milk Foods’ Q4 FY24 Net Profit Drops by 56.1% 21 May 2024, indianretailer.com According to a regulatory filing, Parag Milk Foods recently announced a significant 56.1 percent decrease in consolidated net profit, amounting to Rs 9.81 crore for the fourth quarter ending March 2024…
- LT Foods Reports 14% Increase in Q4 Net Profit 21 May 2024, retail.economictimes.indiatimes.com LT Foods, a global FMCG company with Indian origin and with presence of over 70 years in the consumer food sector, reported a 14% increase in consolidated net profit, reaching Rs 150.24 crore for the fourth quarter of fiscal 2023-24, driven by strong sales…
- Anime Alchemy: Crunchyroll’s Epic Saga in India 21 May 2024, indianretailer.com Launched in 2020, Crunchyroll has seen tremendous growth in India. With a base of 180 million Indian anime fans, the Over The Top (OTT) anime streaming platform has experienced a 2X growth in minutes per viewer and a 3.5X increase in total watch time over the past six months…
- Hyderabad Sees 15% YoY Increase In Property Registrations 20 May 2024, rprealtyplus.com In its latest assessment, Knight Frank India reported that Hyderabad saw 26,027 property registrations in the first four months of 2024, with a total value of INR 16,190 crores (cr)…
- Signatureglobal Homes Acquires 14.65 Acres In Gurugram 20 May 2024, rprealtyplus.com Signatureglobal Homes, a wholly-owned subsidiary of Signatureglobal (India), has executed a significant land purchase, acquiring 14.65 acres in Gadauli Kalan, Sector-37D, Gurugram…
- DLF Cyber City Developers’ office rental income rises 7% to Rs 3,460 crore in FY24 20 May 2024, realty.economictimes.indiatimes.com DLF Cyber City Developers has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate…
- FMCG demand most in five southern states: Discretionary or essential, sales go north in south 20 May 2024, retail.economictimes.indiatimes.com South India leads post-Covid demand recovery with increased FMCG sales, higher consumer spending, and more shopping trips in 2023, a Kantar report shows. Retail sales growth in the peninsula region outperforms the rest of India. The region’s rapid recovery is fueled by a young workforce, new-age sectors, and robust manufacturing investment…
- Growth gets thinner for Zara as competition grows in size 20 May 2024, retail.economictimes.indiatimes.com Zara has been a runaway success since its arrival in the country more than a decade ago but after initially doubling sales every two years, the brand’s rate of expansion had come down in the past few years. “The market is very competitive, and the challenges are real. Nevertheless, the opportunity pool and the size of the market means that there is space for multiple successful players. Trent remains well placed to navigate this next phase of growth by leveraging our platform and growth engines,” P Venkatesalu, chief executive officer at Trent, said in the report…
- Parag Milk Foods’ net profit declines 56.1% to Rs 9.81 crore in Q4 FY24 20 May 2024, retail.economictimes.indiatimes.com Devendra Shah, chairman of Parag Milk Foods said, “Our consolidated revenues for FY24 have crossed the milestone of Rs 3,000 crore; along with improvement in margins and profitability. The Profit after tax for the year amounted to Rs 91 crore, supported by healthy operating cash flows of Rs 99 crore.”..
- Navigating the fashion industry’s shift towards micro-seasons 20 May 2024, retail.economictimes.indiatimes.com Traditionally, the fashion industry has been anchored in a bi-annual schedule, releasing vast Spring/Summer and Autumn/Winter collections. This model, while time-honored, has often led to significant waste, with unsold items contributing to the industry’s substantial environmental footprint. The advent of micro-seasons introduces a paradigm shift, proposing a model where smaller, more frequent collections can minimize waste, respond more agilely to consumer trends, and foster a closer connection between brands and their audiences…
- From shelves to shopping carts: Understanding retail dynamics and consumer choices in functional beverages 20 May 2024, retail.economictimes.indiatimes.com As competition intensifies within the retail beverage market, companies are looking beyond traditional marketing strategies to engage customers through experiential promotions, social media campaigns, and collaborations with influencers. By leveraging these innovative approaches alongside a commitment to quality and sustainability practices, brands can forge stronger connections with their target audience and foster brand loyalty in an increasingly crowded marketplace…
- Online Innerwear Sales Increased by 80 pc in FY24 20 May 2024, retail.economictimes.indiatimes.com Online innerwear sales have soared by over 80 percent during the financial year (FY) 2024 compared to FY 2023. The surge isn’t limited to just one category…
- Tea major B&A Ltd ventures into retail segment 20 May 2024, retail.economictimes.indiatimes.com B&A Ltd, a prominent company in the tea industry, has ventured into retail with its ‘Gatoonga’ brand of black tea, marking its first entry into the retail segment in its century-long history. The brand was launched in Assam, with plans to expand across India gradually. The company, previously focused on tea manufacturing, processing, packaging, tourism, and broking, now includes retail branding as its fifth vertical. With 11 tea estates in upper Assam and a recent acquisition, B&A Ltd aims for pan-India growth, investing Rs 50 crore over the next seven years. ..
- ITC’s Sanjiv Puri takes over as CII president 20 May 2024, retail.economictimes.indiatimes.com Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness and IT. He is also the chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US and Surya Nepal Private Ltd…
- Noida International Airport Inks Duty-Free Collaboration with Heinemann, BW 20 May 2024, indianretailer.com Noida International Airport (NIA) has granted the concession for retail and duty-free operations to a consortium comprising Heinemann Asia Pacific, a Singapore-based operator in duty-free and travel retail, and BWC Forwarders Private Ltd, an Indian duty-free services provider…
- Her Story Transforms to ANEKA, Pioneering a New Luxury Identity and Global Reach 20 May 2024, indianretailer.com The luxury Maison, formerly known as Her Story, is embarking on a new chapter of global expansion. With a presence in Paris and America, the brand is introducing new collections centered around contemporary universal values, including upcoming high jewelry and men’s collections…
- Revolutionizing Fashion Retail: Integrating D2C and E-commerce Strategies with Technological Innovations 20 May 2024, indianretailer.com India is gradually realizing its potential as a key player in the global economy, driven significantly by the increasing purchasing power of its citizens…
- Italian Skincare Giant Rilastil Set to Make Debut in India 20 May 2024, indianretailer.com Italian dermatological skincare brand Rilastil is all set to enter India this month, the company announced recently. Rilastil is set to introduce a selection of top-tier dermatological solutions tailored for the Indian market, covering depigmentation, hydration, acne treatment, facial cleansers, and sun protection…
- Andrea’s Bar and Brasserie Revamps with Global Flavors 20 May 2024, indianretailer.com Andrea’s Bar and Brasserie, located in the bustling Khan Market, has undergone a transformation with a stylish new look and a menu inspired by the cosmopolitan dining scenes of New York, Paris, and London…
- Yamanto Central Debuts YUManto Dining Precinct and Play Area 20 May 2024, indianretailer.com Yamanto Central shopping centre has launched its eagerly awaited YUManto outdoor dining area and children’s playscape, just in time for the cooler months. This new space offers diners the chance to enjoy outdoor dining in a semi-enclosed area that overlooks the children’s play area, making it a convenient spot for families…
- Wow! Momo Launches Three New Formats in Vellore 20 May 2024, indianretailer.com Indian quick-service restaurant chain Wow! Momo has introduced three of its store formats—Wow! Kulfi, Wow! Momo, and Wow! China—in Vellore, Tamil Nadu. These new outlets are situated on VIT Main Road…
- Hilton and Hilton Garden Inn Bengaluru Embassy Manyata Business Park Announce Strategic Leadership Additions 20 May 2024, indianretailer.com Hilton and Hilton Garden Inn Bengaluru Embassy Manyata Business Park are delighted to announce the appointment of four new leaders. These seasoned professionals bring diverse backgrounds and extensive expertise, promising to shape the future of our properties with fresh perspectives and a commitment to guest satisfaction…
- Nando’s Teams Up with K Hospitality Corp to Broaden Indian Presence 20 May 2024, indianretailer.com Nando’s, a QSR brand from South Africa has partnered with Indian food service company K Hospitality Corp to launch 150 restaurants in the upcoming decade. In conjunction with K Hospitality Corp, Nando’s India plans to broaden its presence in new cities…
- The Phoenix Mills’ net profit up 32.61% in Q4 FY24 18 May 2024, realty.economictimes.indiatimes.com The Phoenix Mills’ net consolidated total income stood at Rs 1,343.14 crore in Q4 FY24, a growth of 77.96 per cent from Rs 754.73 crore it recorded in the similar quarter last year…
- Signatureglobal (India)’s subsidiary buys 14.65 acres land in Gurugram 18 May 2024, realty.economictimes.indiatimes.com Pradeep Kumar Aggarwal, chairman and whole-time director of Signatureglobal (India) said, “We aim to launch a residential project on this land in FY25-26.”…
- Five lakh sellers onboard ONDC so far: DPIIT secy 18 May 2024, retail.economictimes.indiatimes.com Asked if big startups would overshadow smaller players, DPIIT secretary Rajesh Kumar Singh said it will increasingly get traction for all types of players that comes to the ecommerce marketplace…
- Top luggage firms see slower growth in Q4 18 May 2024, retail.economictimes.indiatimes.com Samsonite, Safari, and VIP Industries faced growth declines in India. Samsonite’s business fell 10%, Safari’s growth slid to 21%, and VIP Industries saw sales taper to 14%. China regained Samsonite’s top market position post travel restrictions. Neetu Kashiramka discussed industry growth, and the shift towards hard luggage was highlighted in a RedSeer report…
- Amazon, Flipkart to have quick commerce play in certain categories: Delhivery CEO Sahil Barua 18 May 2024, retail.economictimes.indiatimes.com Quick commerce platforms like Zepto, Blinkit and Swiggy Instamart are venturing into ecommerce categories such as fashion, electronics, home appliances and luggage, and go beyond just daily essentials and groceries. ..
- All eyes on impact of De Beers demerger 18 May 2024, retail.economictimes.indiatimes.com De Beers has been a subsidiary of Anglo American for about 15 years now. The potential sale is expected to attract significant interest from investors worldwide, given De Beers’ a dominant position in the global diamond market and its iconic brand status. Industry analysts are closely monitoring the implications of the divestment and the future ownership structure of De Beers…
- U.S. Polo Association launches new store in Bengaluru 18 May 2024, thehindubusinessline.com The new store is a part of the brand’s expansion strategy, which focuses on brick-and-mortar, omni-channel, e-commerce, and overall brand marketing…
- Luxury group Richemont reports Q4 sales slowdown, appoints new CEO 18 May 2024, retail.economictimes.indiatimes.com The company, which also owns high-end Swiss watch brands, such as Piaget and Jaeger-LeCoultre, said sales fell to 4.80 billion euros ($5.21 billion) in the three months to the end of March…
- LT Foods posts 14% jump in Q4 net profit on strong sales 18 May 2024, retail.economictimes.indiatimes.com Commenting on the performance, LT Foods Managing Director Ashwani Arora said the company has delivered stellar growth in revenue and profitability for yet another year, despite facing a challenging external environment…
- Retailers report 4% growth in sales in April 2024 18 May 2024, retail.economictimes.indiatimes.com Retail sales in April 2024 increased by 4% compared to April 2023, according to a survey by the Retailers Association of India. However, the retail sector is not experiencing double-digit growth, as customers are cautious on non-essential items and splurging on capital purchases. Sales across regions showed growth, with QSR, food & grocery, and jewellery categories experiencing significant growth…
- Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD 18 May 2024, retail.economictimes.indiatimes.com Dixon Technologies, an Indian contract manufacturer, has secured Realme, a Chinese smartphone brand, as a new client. They intend to commence production of display modules for mobile phones, tablets, and notebooks, with a targeted capital expenditure of $30 million, excluding costs related to land and buildings…
- Soch Opens First International Store in Canada 18 May 2024, indianretailer.com Soch, a prominent name in Indian retail, has opened its first international store in Canada. The new store, located on North Park Drive in Brampton, will offer a wide range of exclusive designs and ethnic wear, marking a significant milestone in the brand’s expansion beyond India…
- Online Innerwear Sales Increased by 80 pc in FY24 18 May 2024, indianretailer.com Online innerwear sales have soared by over 80 percent during the financial year (FY) 2024 compared to FY 2023. The surge isn’t limited to just one category…
- Flipkart’s IPO on the Horizon as Walmart Evaluates Market Conditions 18 May 2024, indianretailer.com Walmart is currently evaluating the optimal timing for Flipkart’s initial public offering, the US-based retailer informed analysts on May 16, emphasizing that India continues to be an exciting opportunity for the company…
- Wooden Street Expands Offline Presence in Jodhpur 18 May 2024, indianretailer.com Wooden Street, a home furniture and decor brand based in Jaipur, has inaugurated a fresh manufacturing facility and research and development (R&D) center in Jodhpur, Rajasthan…
- Nippon Paint Debuts Weatherbond 8 in Bengaluru with RCB Stars 18 May 2024, indianretailer.com Nippon Paint, the leading paint brand in the Asia Pacific, has introduced its innovative new product, Weatherbond 8, in Bengaluru. The launch event on May 16, 2024, featured appearances by Cameron Greene, Rajat Patidar, Lockie Ferguson, and Mahipal Lomror from the Royal Challengers Bangalore (RCB) IPL team…
- Her Story Transforms to ANEKA, Pioneering a New Luxury Identity and Global Reach 18 May 2024, indianretailer.com The luxury Maison, formerly known as Her Story, is embarking on a new chapter of global expansion. With a presence in Paris and America, the brand is introducing new collections centered around contemporary universal values, including upcoming high jewelry and men’s collections…
- Italian Skincare Giant Rilastil Set to Make Debut in India 18 May 2024, indianretailer.com Italian dermatological skincare brand Rilastil is all set to enter India this month, the company announced recently. Rilastil is set to introduce a selection of top-tier dermatological solutions tailored for the Indian market, covering depigmentation, hydration, acne treatment, facial cleansers, and sun protection…
- Andrea’s Bar and Brasserie Revamps with Global Flavors 18 May 2024, indianretailer.com Andrea’s Bar and Brasserie, located in the bustling Khan Market, has undergone a transformation with a stylish new look and a menu inspired by the cosmopolitan dining scenes of New York, Paris, and London…
- AcerpureYamanto Central Debuts YUManto Dining Precinct and Play Area 18 May 2024, indianretailer.com Yamanto Central shopping centre has launched its eagerly awaited YUManto outdoor dining area and children’s playscape, just in time for the cooler months…
- Signature Global Aims To Achieve Pre-Sales Of INR 100 Bn In FY25 17 May 2024, rprealtyplus.com Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India, aims to achieve pre-sales of INR 100 bln in FY25 on the back of robust demand from the residential segment in NCR…
- Ampa Group Partners With Indian Hotels Company (IHCL) In Chennai 17 May 2024, rprealtyplus.com AMPA Group, Chennai’s most trusted real estate developers in partnership with Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the launch of Taj Sky View Hotel…
- Isha Ambani-led Reliance Retail set to take on Zara and H&M, brings UK’s fashion retailer ASOS to India 17 May 2024, retail.economictimes.indiatimes.com ASOS will have a premium positioning with an omnichannel focus to take on the likes of premium fashion retail brands including Zara and H&M in the Indian market. Currently, RRL and its subsidiary has over 50 brands in the premium, luxury, and ultra-luxury segments. Emphasizing on adding more such brands in the above premium segment, Isha Ambani, Director, Reliance Retail Ventures Limited, said, “We aim to bring global fashion trends to India.”..
- TCNS Clothing Q4 loss at Rs 63 cr; sales fall to Rs 211 cr 17 May 2024, retail.economictimes.indiatimes.com TCNS saw its revenue from operations declining to Rs 211.32 crore against Rs 268.55 crore in the March quarter last year…
- Cantabil Retail Q4 profit jumps 9%; co raises Rs 50.4 cr to capitalise on growth opportunities 17 May 2024, retail.economictimes.indiatimes.com “We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which will help us to capitalise further on the growth opportunities,” said Vijay Bansal, CMD, Cantabil Retail India. The company’s net profit in Q4 rose to Rs 18.3 crore…
- Soch goes international, opens first store in Canada 17 May 2024, retail.economictimes.indiatimes.com “Last fiscal, we only had an online presence in the international markets and it contributed 2 per cent of the overall revenue. So this fiscal, there will be a larger push on online international sales. We expect double that. And from stores, we are eyeing Rs 10-15 crore revenue by this fiscal end. This we plan to increase to Rs 40-50 crore by next fiscal year,” Vinay Chatlani, CEO & co-founder of Soch said…
- Dixon signs pact with Acerpure to make consumer appliances 17 May 2024, retail.economictimes.indiatimes.com The partnership comes after Dixon started making notebooks for the Taiwanese company since the first version of the production-linked incentive scheme for IT hardware was rolled out in 2021…
- Quick commerce is diversifying fast; it won’t be easy 17 May 2024, retail.economictimes.indiatimes.com As 10-minute delivery expands to include higher-value products, companies will soon realise that with big orders come big hurdles, say executives…
- Walmart profits rise on strong sales from wealthier shoppers 17 May 2024, retail.economictimes.indiatimes.com Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and an uptick in e-commerce sales. Comparable sales in US stores rose 3.8 percent in the quarter, down from 7.4 percent in the 2023 period but still a solid level…
- Blinkit starts offering free dhaniya with vegetables after viral post. Say thanks to a Mumbai mom 17 May 2024, retail.economictimes.indiatimes.com A Mumbai man’s post on paying for coriander at Blinkit prompts CEO Albinder Dhindsa to offer free coriander with vegetable orders. Ankit Sawant suggests bundling herbs free with veggie purchases. Netizens were amazed by the speed of implementation by Blinkit..
- Big scope to grow toothpaste market: Colgate Palmolive India MD Prabha Narasimhan 17 May 2024, retail.economictimes.indiatimes.com Colgate Palmolive India aims to improve oral hygiene practices in India, where many do not brush regularly. With just a fifth brushing twice daily in cities and over half not brushing daily in villages, the company sees a mission in boosting oral care awareness. Despite the challenges, the company grew 10.6% in the last quarter. It emphasizes premium products for higher margins and aims to reclaim market share in premium segments. Plans include diversifying beyond oral care into personal care products…
- Mr Kipling maker Premier Foods beats full-year profit forecasts 17 May 2024, retail.economictimes.indiatimes.com Branded revenue in the UK increased by 13.6% last year, and CEO Alex Whitehouse said on a media call that brands in the group’s grocery business now represent more than a quarter of the market in the categories in which the company trades…
- Retail sales were unchanged in April from March as inflation and interest rates curb spending 17 May 2024, retail.economictimes.indiatimes.com Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. Sales rose 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather…
- Ilem Japan Introduces Skincare Line in Chennai 17 May 2024, indianretailer.com Ilem Japan, a Japanese skincare brand has announced the opening of its first retail store in Chennai at Phoenix Palladium Mall, Velachery…
- SOM Distilleries Names Roy Sourav Kumar VP of Sales, East 17 May 2024, retail.economictimes.indiatimes.com SOM Distilleries and Breweries Ltd, has appointed Roy Sourav Kumar as Vice President – Sales, East. Kumar boasts over twenty years of experience in sales and marketing, having worked with esteemed FMCG and alcoholic beverage companies like Cadbury’s, ITC, Heineken (UB Ltd), and ABD…
- Acerpure Debuts in India with Cutting-Edge Electronics 17 May 2024, indianretailer.com Acer Group, a global leader in IT and technology solutions, has officially entered the Indian consumer electronics market with the introduction of its Acerpure brand…
- Haryana Permits Retail Sale of Nicotine Replacement Therapy (NRT) 17 May 2024, indianretailer.com The recent judgment from the Punjab and Haryana High Court has approved the retail sale of Nicotine Replacement Therapy (NRT). NRT is recognized as an effective aid for tobacco cessation and has been listed in the National List of Essential Medicines since 2022…
- Bosch Expands ‘Made-in-India’ Semi-Automatic Washing Machines Portfolio 17 May 2024, indianretailer.com BSH Home Appliances Pvt Ltd a subsidiary of BSH Hausgeräte GmbH has introduced its latest range of semi-automatic washing machines designed to meet the fabric care needs of Indian households…
- Asian Paints’ Light Installation Honors Cultural Heritage at Lulu Mall, Kochi 17 May 2024, indianretailer.com Asian Paints has introduced ‘Reflections of Kerala’ — a light installation that celebrates Kerala’s rich cultural heritage. This installation, created in collaboration with XXL Collective from the St+art India family, is inspired by the special-edition ‘Inspired By Kerala’ packaging of Apex Ultima Protek, Asian Paints’ durable luxury exterior paint. The 12-foot installation is now displayed at Lulu Mall, Kochi…
- How ONDC is Empowering Bharat Through e-Commerce 17 May 2024, indianretailer.com The Open Network for Digital Commerce (ONDC) is a groundbreaking initiative aimed at democratizing digital commerce in India. ONDC is transforming the e-commerce ecosystem, empowering small businesses, artisans, farmers, and other underserved communities across the country; designed to enable them to access the vast opportunities presented by digital marketplaces…
- Brookfield India Real Estate Trust to acquire 50% stake in four Bharti Enterprises assets 16 May 2024, realty.economictimes.indiatimes.com The acquisition by Brookfield India Real Estate Trust includes commercial properties totalling 3.3 million sq ft, at an enterprise value of c. Rs 60,000 million…
- Signature Global (India) posts net profit of Rs 41.25 crore in Q4 FY24 16 May 2024, realty.economictimes.indiatimes.com Signature Global (India) board has approved the investment of Rs. 34.74 crore in the 3,47,49,900 equity shares of Rs 10 each of Gurugram Commercity for cash at par…
- Bain teams up with Temasek to compete with Blackstone-led consortium for controlling stake in Haldiram’s 16 May 2024, retail.economictimes.indiatimes.com The Bain and Temasek combination submitted a non-binding offer late last week valuing India’s largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter…
- Singapore’s APRIL Group acquires majority stake in India’s Origami 16 May 2024, retail.economictimes.indiatimes.com Singapore’s APRIL Group acquires majority stake in India’s Origami, part of RGE Group, producing a wide range of tissue products. Founders retain minority stake. Suneel Kulkarni leads APRIL India & Subcontinent, focusing on high-quality, sustainable hygiene products, with tissue paper mills for local production and support for ‘Make in India’…
- Berger Paints India Q4 net profit grows 19.68% to Rs 222.62 crore 16 May 2024, retail.economictimes.indiatimes.com “We gained market share again in FY24 and as a milestone crossed Rs 10,000 crore in revenue and PAT of Rs 1,000 crore on a stand-alone basis, a significant event on our 100th year in India,” Berger Paints India Managing Director & CEO Abhijit Roy said. The company delivered a double-digit improvement in profitability with all the business lines delivering well with strong double-digit volume growths and improvements in profitability especially in the industrial segment, he added…
- Nando’s partners with K Hospitality Corp to open 150 restaurants in India 16 May 2024, retail.economictimes.indiatimes.com Nando’s and K Hospitality Corp announce a partnership to launch 150 restaurants in India, focusing on flame-grilled Peri-Peri chicken. The joint venture aims for expansion in new cities, starting with Hyderabad…
- Fashion brand Beyoung enters physical retailing, eyes 300 stores 16 May 2024, retail.economictimes.indiatimes.com So far, Beyoung captured a large part of the online market in tier 2-4 cities and said it has a broader target to strengthen its omnichannel presence by expanding in both channels. “This is a huge step in our journey of offline expansion in tier 2,3, and 4. We are looking forward to offering quality products in many more cities. We will also be adding more categories in the year ahead,” said Shivam Soni, founder, Beyoung which opened its first door at Bhilwara, Rajasthan…
- From Bikaner to Blackstone: The success story of humble Haldiram’s 16 May 2024, retail.economictimes.indiatimes.com Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram’s journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends…
- 450 single screen cinema theatres in Telangana to shut down for two weeks 16 May 2024, retail.economictimes.indiatimes.com Telangana’s single screen cinema theatre owners have stopped screenings due to low revenue, with no major films releasing until June 15. President Vijayender Reddy highlighted the financial challenges faced by theatre owners and the possibility of resuming screenings with upfront payments from producers…
- Hygiene brand Pee Safe launches chatbot to increase awareness and help shoppers 16 May 2024, retail.economictimes.indiatimes.com Pee Safe introduces PeePal, an AI-driven chatbot, to enhance personal hygiene shopping and educate consumers. With the global conversational AI market projected to reach $14 billion by 2025, PeePal aims to personalize the shopping experience and empower users with hygiene knowledge. The initiative reflects Pee Safe’s evolution from a single product to a comprehensive personal hygiene brand, addressing diverse consumer needs. ..
- Expect 30-40% growth in air conditioner sales this year: B Thiagarajan, Blue Star 16 May 2024, retail.economictimes.indiatimes.com IndiaB Thiagarajan, MD of Blue Star, discusses the growth and outlook of the AC industry for FY24, including unexpected growth in March and projected growth in April, market hold up post 2023 summer, potential for India to overtake China by 2040-2045, consumer finance trends, and capacity planning to meet increasing demand…
- TASVA Unveils Mumbai Mall Store in Collab with Tarun Tahiliani 16 May 2024, indianretailer.com Aditya Birla Fashion and Retail Ltd in partnership with renowned designer Tarun Tahiliani, has introduced the first TASVA store in Mumbai’s Oberoi Mall. The store’s grand debut was marked by a surprise flash mob and Puneri dhol performance, captivating the audience…
- Barista Diner Launches Largest Outlet in Srinagar 16 May 2024, indianretailer.com Homegrown coffee chain Barista Coffee has announced the opening of its largest outlet in the country, Srinagar. Covering an expansive area of over 4,000 sq. ft., the newest outlet is situated by Dal Lake and marks the fifth addition to the Barista Diner chain in the city…
- Beyoung Expands Offline Presence with Bhilwara Store 16 May 2024, indianretailer.com Beyoung, a leading everyday fashion brand in India, is expanding its retail footprint with the launch of a new store in Bhilwara. This move is part of Beyoung’s strategy to strengthen its omnichannel presence and tap into the growing retail market in India’s tier II, III, and IV cities…
- Dhishoom by Parle Agro Widens Reach in Jeera Masala Drink Segment 16 May 2024, indianretailer.com Parle Agro, renowned for its innovative strides in the Indian beverage sector, has introduced Dhishoom, a jeera masala-flavored carbonated beverage, nationwide. Dhishoom’s nationwide availability marks a significant milestone, positioning it as the pioneer national brand in this segment…
- Pluugin E-com Bridges Global Retail for Indian Businesses 16 May 2024, indianretailer.com Pluugin E-commerce, a prominent player in global markets like Southeast Asia (SEA), SAARC, and Middle East and North Africa (MENA), is extending its footprint to India…
- Colorbar Aims for Public Listing Within Three Years 16 May 2024, indianretailer.com Modi Enterprises intends to bring cosmetics company Colorbar to the public market within the next three years, leveraging the promising opportunities presented by the Indian beauty and personal care industry…
- Plate and Peonie Unveils New Tablecloth Line for Elevated Dining 16 May 2024, indianretailer.com Plate & Peony, a renowned brand offering meticulously crafted pieces to elevate the dining experience has unveiled its latest collection of tablecloths. Whether it’s a casual family meal or a formal dinner party, the brand offers to shop tablecloth pieces that set the stage, adding texture, colour, and style to any gathering…
- EVM’s EnMag Power Banks Enters Market for Apple Users 16 May 2024, indianretailer.com EVM, a renowned computing and mobility products manufacturing brand has unveiled the EnMag15 Power Bank featuring a 10,000mAh capacity and Magsafe/ Qi compatibility for Apple device owners…
- CYK Hospitalities Elevates QSR Expansion with Strategic Leasing Solutions 16 May 2024, indianretailer.com In the fast-paced landscape of Quick Service Restaurants (QSRs), CYK Hospitalities emerges as a pivotal player, driving strategic growth and expansion for brands across India…
- Oberoi Realty’s net profit up 64.07% in Q4 FY24 15 May 2024, realty.economictimes.indiatimes.com Oberoi Realty’s net consolidated total income stood at Rs 1,558.56 crore in Q4 FY24, a growth of 56.62 per cent from Rs 995.11 crore it recorded in the similar quarter last year…
- PVR Inox inks pact with Devyani International for development and operation of food courts in India 15 May 2024, retail.economictimes.indiatimes.com PVR Inox and QSR operator Devyani International have agreed to form a new company to develop and manage food courts in India’s shopping malls. The company will invest 51:49 in its share capital, and existing food court businesses will not be part of the company until contract expiry or renewal…
- IKEA partners Rhenus to set up warehouse at Gurugram for online order deliveries in Delhi-NCR 15 May 2024, retail.economictimes.indiatimes.com Under this collaboration, Rhenus will establish a warehouse facility capable of storing and fulfilling over 7,000 products. The warehouse is expected to go live early next year, the company said. This initiative will help in seamless doorstep delivery to the customers in the Delhi-NCR region, marking a significant milestone in IKEA’s expansion in India, the company said, adding the move would enable it to fulfill the majority of the orders within 24 hours…
- Colgate-Palmolive India Q4 PAT jumps 20% to Rs 379.8 crore 15 May 2024, retail.economictimes.indiatimes.com Colgate-Palmolive (India) Ltd on Tuesday reported a 20.1 per cent increase in profit after tax (PAT) to Rs 379.8 crore in the March quarter. The company had posted a PAT of Rs 316.2 crore in the same quarter a year ago, Colgate-Palmolive (India) said in a regulatory filing…
- Radico Khaitan reports 26.43% rise in net profit in Q4 FY24 15 May 2024, retail.economictimes.indiatimes.com Radico Khaitan reported a 26.43 per cent rise in net profit to Rs 53.91 crore in Q4 FY2024, with a consolidated revenue from operations of Rs 3,894.64 crore. The total volume of Indian-made foreign liquor decreased by 1.2%, while the volume of prestige brands increased by 14.2 per cent…
- Safari Industries (India) PAT rises 13.4% to Rs 43.19 crore in Q4 FY24 15 May 2024, retail.economictimes.indiatimes.com Safari Industries’ total income for the fourth quarter of FY24 grew to Rs 370.48 crore as against Rs 305.38 crore in the same period a year ago. The company’s total expenses rose to Rs 314.56 crore in Q4 FY24 from Rs 255.80 crore in Q4 FY23, it said in the regulatory filing..
- Patanjali Foods Q4 net profit falls 22% YoY to Rs 206 crore; revenue rises 4% 15 May 2024, retail.economictimes.indiatimes.com IndiaPatanjali Foods Q4 Results: The company reported a PAT of Rs 264 crore in the year-ago period. From Rs 7,873 crore posted in the same period last year, its revenue from operations rose 4% YoY to Rs 8,222 crore in the quarter under review. The Food and FMCG segment achieved an ever highest quarterly revenue of Rs 2,705 crore in the fourth quarter…
- Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY 15 May 2024, retail.economictimes.indiatimes.com Devyani International, India’s largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%…
- Reliance eyes bigger piece of FMCG pie 15 May 2024, financialexpress.com Accelerating its push into the domestic FMCG market a year-and-a-half after launching operations, Reliance Consumer Products, a Reliance Retail subsidiary, is aiming to increase its merchant base from over 1 million currently to 10 million in the next five years…
- Restaurants in Mumbai to give 20% ‘Democracy Discount’ to voters on May 20 & 21 15 May 2024, retail.economictimes.indiatimes.com Mumbai introduced a 20% discount for local voters on May 20-21 through the Democracy Discount initiative by NRAI Mumbai Chapter, encouraging voting participation…
- Colorbar looks to go public in three years 15 May 2024, retail.economictimes.indiatimes.com Speaking to ET, managing director Samir K Modi said Colorbar will touch Rs 1,000-crore revenue next fiscal and expand in international markets. The company currently owns and operates Colorbar, 24Seven, and Modicare brands…
- ILEM JAPAN Expands with New Store in Chennai 15 May 2024, indianretailer.com Embarking on a journey of cultural enrichment and holistic wellness, ILEM JAPAN has announced the opening of its new store in Chennai. Situated in the bustling Palladium Mall, this new location marks a significant step in the brand’s commitment to bringing Japanese wellness traditions to the Indian retail market…
- DLF Mall of India Unveils Delhi-NCR’s First Game Palacio 15 May 2024, indianretailer.com DLF Mall of India in Noida has announced the opening of Delhi-NCR’s first Game Palacio, providing a comprehensive retail and entertainment experience for visitors of all ages, from children as young as three to seniors aged 60 and above…
- DLF Mall of India Unveils Delhi-NCR’s First Game Palacio 15 May 2024, indianretailer.com DLF Mall of India in Noida has announced the opening of Delhi-NCR’s first Game Palacio, providing a comprehensive retail and entertainment experience for visitors of all ages, from children as young as three to seniors aged 60 and above…
- Manushi Chhillar Joins Clovia as Brand Ambassador 15 May 2024, indianretailer.com Clovia has announced the appointment of former Miss World and emerging Bollywood star Manushi Chhillar as its latest brand ambassador. This collaboration signifies a significant milestone for Clovia as it continues to foster relatable conversations and celebrate the essence of womanhood, resonating with audiences across the country…
- Formal Wear for Women in India: A Complete Guide 15 May 2024, indianretailer.com In India, the evolution of women’s formal wear reflects the nation’s rich cultural heritage and the influence of global fashion trends. As the country strides towards modernity, women have a plethora of options that blend tradition with contemporary styles…
- Top 10 Whisky Brands in India Under ₹2000 15 May 2024, indianretailer.com India’s love affair with whisky runs deep, with a vibrant market teeming with diverse whisky brands in India. Navigating this landscape in search of a quality whisky under 2000 can be an exciting challenge for even seasoned enthusiasts…
- Google Trends Products: Boost Your Online Profits Now in 2024 15 May 2024, indianretailer.com In the fast-paced world of e-commerce, staying ahead of trends is key to boosting your online profits. Google Trends is a powerful tool that can help you understand what people are searching for, so you can make smarter business decisions…
- 10 Best Vodka Brands in India Under ₹1500 in 2024 15 May 2024, indianretailer.com Vodka’s popularity in India has soared over the years, thanks to its versatility and smooth taste. Whether you enjoy it neat, on the rocks, or as a base for your favorite cocktails, there’s a vodka out there that suits your palate and budget…
- Pee Safe Unveils AI-Driven Chatbot PeePal to Elevate Retail Presence 15 May 2024, indianretailer.com Pee Safe, a notable personal hygiene and wellness brand, has introduced PeePal, an AI-driven chatbot aimed at transforming personal hygiene shopping and educating consumers on best hygiene and self-care practices…
- DLF’s net profit increases by 61.49% in Q4 FY24 14 May 2024, realty.economictimes.indiatimes.com DLF’s net consolidated total income stood at Rs 2,316.70 crore in Q4 FY24, a growth of 47.03 per cent from Rs 1,575.70 crore it recorded in the similar quarter last year…
- Panaji: Smart City work along Caculo Mall stretch may miss May 31 deadline 14 May 2024, realty.economictimes.indiatimes.com IPSCDL said that the cumulative target for completing all road works and making the road functional is May 31, however, this particular stretch may take a “little longer”…
- County Group Delivers Over 40 Lac Sq. Ft Across 3 Projects In 12 Months 14 May 2024, rprealtyplus.com County Group, a trusted and leading developer in Noida, has set a new industry benchmark by delivering 41.50 lakh sq. ft across its three housing projects in just one year…
- Namaskara Meals Opens Gurgaon Outlets 14 May 2024, indianretailer.com Namaskara, the latest addition to India’s bustling street food scene, has launched its operations in Gurgaon with six locations, aiming to redefine the everyday dining experience…
- Ospree Unveils Retail Destinations at Mumbai Airport Terminal 2 14 May 2024, indianretailer.com Ospree has announced the inauguration of two new retail outlets at Mumbai International Airport Terminal 2: The Bharat Story, a luxury Indian destination store, and Bon Voyage, the airport’s inaugural duty-free convenience store…
- How Clay Craft is Redefining Tableware Trends and Winning Hearts across India 14 May 2024, indianretailer.com In the kaleidoscopic realm of India’s retail arena, where every brand vies for attention, Clay Craft emerges as a luminary, injecting a dose of funk and flair into the world of ceramic tableware…
- Top 10 Shopping Apps on Google Play Store 14 May 2024, indianretailer.com In today’s digital age, online shopping has become an integral part of daily life for millions of people in India. With the convenience of shopping from the comfort of one’s home and a plethora of choices available at their fingertips, consumers are increasingly turning to online shopping apps to fulfill their needs…
- TATA Electronics Appoints N ChandraseKaran as Chairman 14 May 2024, indianretailer.com N ChandraseKaran, TATA Sons Chairman, is set to assume the role of Chairman at TATA Electronics. This significant move underscores the TATA Group’s commitment to its $14 billion investment in the semiconductor business…
- Upcoming Biggest Malls in India 2024 14 May 2024, indianretailer.com India’s retail sector is undergoing a significant transformation, with several upcoming malls in India set to redefine the urban landscape…
- Top 5 Beer Brands in India – A Comprehensive Guide 14 May 2024, indianretailer.com The beer market in India has witnessed significant growth and evolution in recent years, driven by changing consumer preferences, increased disposable income, and a burgeoning young population…
- LimelightOnePlus Boosts Collaboration With JioMart Digital 14 May 2024, indianretailer.com OnePlus, a global technology brand has collaborated with JioMart Digital, a prominent retailer in India. The partnership will extend the range of OnePlus products to retail outlets across India. With this joint venture, OnePlus products will now reach consumers in over 2000 cities and towns across India, making them more accessible than ever…
- Dot and Key Skincare Enlists Shanaya Kapoor as Its Brand Ambassador 14 May 2024, indianretailer.com Dot & Key Skincare, a Kolkata-based beauty startup has announced its partnership with Shanaya Kapoor. This collaboration signifies a notable achievement for both the brand and Shanaya’s rising career…
- Trina Saha Unveils Secret Temptations’ New Body Mists Range 14 May 2024, indianretailer.com Secret Temptation has unveiled its newest collection of Body Mists, presenting four captivating fragrances tailored for contemporary women. The extravagant debut of this fresh lineup took place in Kolkata on May 6th, 2024, amidst a star-studded event under the #SecretToEverydayFreshness campaign…
- Why Acer’s Focus is on Tier II & III Cities for Expansion 14 May 2024, irecwire.com In a bold move underscoring its commitment to meeting the evolving demands of consumers in India, Acer, a leading technology brand, has recently opened its 200th exclusive store in Noida’s DLF Mall of India…
- LimelightZomato Shares Dip Despite Positive Q4 Results 14 May 2024, indianretailer.com Zomato’s share price fell by 6 percent during early trading on Tuesday following the release of its Q4 financial results. The shares dropped to Rs 182.10 on the BSE, a decline of 5.98 percent…
- SGF Expands Footprint with Two New Franchise Outlets in Delhi 14 May 2024, indianretailer.com Spice Grill Flame (SGF), a key player in India’s vegetarian food sector, continues its growth trajectory with the recent launch of two franchise outlets in Subhash Nagar and Uttam Nagar…
- LimelightNutrigo Unveils Delicious and Nutritious Choices 14 May 2024, indianretailer.com Health and Beyond Nutrigo, a health-focused cloud kitchen, is reshaping perceptions around healthy cuisine by offering delicious, familiar dishes infused with delightful flavors…
- 4 Trends to Follow if you are Running a Tea/Coffee Biz 14 May 2024, indianretailer.com The tea and coffee markets are incredibly dynamic, and although there are some unique nuances for each sector, they do share some important trends, which in turn presents opportunities to learn from each other…
- Hoegaarden & Rahul Mishra Join Hands for ‘Summer in a Glass’ Edition 14 May 2024, indianretailer.com Designer Rahul Mishra and iconic Belgian beer and gin brand Hoegaarden have initiated a partnership to unveil ‘Summer in a Glass’, a limited-edition sipping collection…
- The Good Glamm Group X Blinkit Bringing Karan Johar’s POUT Lipstick Range in 10 Mins! 14 May 2024, indianretailer.com The Good Glamm Group, a leading beauty and personal care conglomerate in South Asia, and the innovative force behind MyGlamm POUT by Karan Johar, has announced its partnership with Blinkit, the top hyperlocal delivery platform…
- Nexus Select Trust Targeting Acquisition Of 3 Grade-A Malls In Hyderabad 13 May 2024, rprealtyplus.com Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, reported results for the fourth quarter and full year ended March 31, 2024. Nexus Select Trust is targeting the acquisition of 3 Grade-A malls in Hyderabad at an attractive basis of 10% stabilized cap rate…
- Prestige Estates’ CEO Venkata Narayana K resigns 13 May 2024, realty.economictimes.indiatimes.com The company informed the bourses that Venkata has tendered his resignation as CEO of the company and also from the committees of the board, with effect from close of business hours on May 10, 2024…
- Anarock reports increase in net revenue by 36% in FY24 13 May 2024, realty.economictimes.indiatimes.com Homegrown Anarock was established by Anuj Puri in April 2017 after serving as country head for 10 years in an international property consultancy firm…
- Fashion companies’ dull show worries Nexus Select Trust 13 May 2024, realty.economictimes.indiatimes.com The concerns are weighing on Nexus as India’s first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to grow the total portfolio to 20 malls and 11 million sq ft…
- Chipping in: N Chandrasekaran to chair Tata Electronics 13 May 2024, retail.economictimes.indiatimes.com Chandrasekaran will take over from Banmali Agrawala who has held the post for the last few years. Chandrasekaran who is already chairman of many key Tata group companies will take charge after requisite regulatory approvals. Agrawala, a key Tata Sons aide, has taken on an advisory role recently in the group…
- Restaurants, food aggregators see record business on Mothers’ Day 13 May 2024, retail.economictimes.indiatimes.com Kapil Chopra, founder, EazyDiner, said the bookings on its platform for May 12 were more than double of what it was last year-which was also a Sunday. The lunch and dinner bookings on the app were up 62% and 198%, respectively, he said, which pulled up the average occupancy across the restaurants to 92%. “Overall, it’s an absolutely crazy day. It’s 50% higher than New Year’s Eve for us. It’s a great day for Indians eating out in food and beverage,” Chopra told ET. The maximum growth this year is in Bengaluru, followed by Mumbai and Delhi, he said…
- All group businesses going through transformation over next couple of years: Shashwat Goenka, RPSG Group 13 May 2024, retail.economictimes.indiatimes.com Shashwat Goenka envisions significant growth and transformation across diverse sectors within the RPSG Group. The strategic focus includes retail expansion, innovative health food offerings, client-centric BPO services, and a transition to greener energy sources for sustainable growth…
- FMCG companies to see muted demand in June quarter, recovery likely in H2 13 May 2024, retail.economictimes.indiatimes.com Overall volumes, which indicate the number of products consumers bought, expanded 5.2% in the March quarter, unchanged from the three months to December. Sales volumes in rural markets climbed 5.8%, and in cities by 4.7%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales…
- Implementing circular economy principles in furniture retail with Nikita Vaz of IKEA India 13 May 2024, retail.economictimes.indiatimes.com In this special episode, ETRetail’s Anurag Sharma discussed the role of sustainability in the retail industry specifically in furniture retail with Nikita Vaz, country sustainability manager at IKEA India. Gain insider insights into IKEA’s take on sustainability, from material recycling to cutting-edge design practices to effective communication with consumers. Together, the discussion will reflect on the broader impact of sustainable initiatives on our planet. We also understand how both businesses and consumers can play a role in shaping a more sustainable future, starting with furniture choices…
- Opportune time to establish India presence: Swiss watch brand HYT 13 May 2024, retail.economictimes.indiatimes.com As major Swiss luxury watchmakers turn towards India, smaller independent brands like HYT are also establishing a presence to tap into the market’s potential and engage with the collector community…
- D2C fashion brand Powerlook eyes Rs 300 crore GMV this fiscal 13 May 2024, retail.economictimes.indiatimes.com Powerlook’s co-founder Raghav Pawar said, “By prioritizing quality products and personalized shopping experiences, the brand continuously endeavours to exceed customer expectations,” He further said the brand has maintained 35-40 per cent growth quarter-on-quarter last year and has witnessed a 30 per cent quarterly increase in sales and revenue…
- Why touchy-feely consumerism is here to stay and also thrive 13 May 2024, retail.economictimes.indiatimes.com The surge in e-commerce once signaled the demise of brick-and-mortar stores, but a notable shift is occurring as D2C companies expand offline. The trend extends beyond smartphones to FMCG and banking, with consumers favoring physical stores for premium items. Retailers are adapting by enhancing store sizes to provide immersive shopping experiences…
- Avira Diamonds Opens Fourth Store in South India 13 May 2024, indianretailer.com Avira Diamonds, India’s Lab-Grown Diamonds brand, has expanded its footprint across India. The brand has unveiled an exclusive boutique store in Bengaluru, its fourth store in South India after Chennai and upcoming in Pondicherry, and it’s looking to further strengthen its presence by adding 10 more stores across South India over the next 12 months…
- ASUS India Unveils Exclusive Service Centre in Chennai 13 May 2024, indianretailer.com ASUS India, a Taiwanese technology giant, has opened ASUS Exclusive Service Centre in Anna Salai Road, Chennai. The centre remains an important endeavor to bolster the brand’s after-sales support and seamlessly troubleshoot any product-related challenges…
- Limelight Diamonds Debuts New Store in Lucknow 13 May 2024, indianretailer.com Limelight Diamonds, a renowned CVD diamond jewelry brand expanded its retail presence with their new store in Lucknow. This latest addition is located in Lucknow’s Lulu Mall…
- Clean Label Ingredients: Shifting to Safer & Healthier Choices 13 May 2024, indianretailer.com Globally, communities are making conscious choices about collective health and well-being. Their concerns extend beyond individual bodies and minds to making better choices for the environment and future generations…
- How to Become an Influencer on Instagram and Earn in India? 13 May 2024, indianretailer.com Welcome to the world of Instagram influence! In a landscape where social media shapes modern success, Instagram shines as a premier platform for aspiring influencers. Whether your passion lies in fashion, food, fitness, or any niche imaginable, Instagram offers a dynamic stage to showcase your talents and cultivate a devoted following…
- Types, Services, and Emerging Trends 13 May 2024, indianretailer.com In an era where financial transactions are increasingly digital and consumer preferences are rapidly evolving, retail banking stands as a cornerstone of the global economy…
- Online Consumer Spending Surges to $331.6 Bn in Early 2024 13 May 2024, indianretailer.com From January 1st to April 30th, consumers displayed robust spending habits online, amounting to $331.6 billion, marking a 7 percent year-over-year (YoY) increase…
- The Power of Physical Stores in a Digital Age: Building Trust and Enhancing Customer Experience 13 May 2024, indianretailer.com In today’s rapidly evolving retail landscape, the rise of direct-to-consumer (D2C) brands has transformed the way businesses connect with consumers. While online sales remain a cornerstone of D2C’s success, the integration of..
- Blackstone-Backed Nexus Select To Acquire More Malls 11 May 2024, rprealtyplus.com Blackstone-sponsored Nexus Select Trust is planning to acquire more malls in major and strategic locations across the country, as part of its overall plan to ramp up its presence not only geographically but, also in terms of area, at an average rate of 1-1.5 million square feet, annually…
- Nexus Select Trust’s net profit up 36.97% quarter-on-quarter in Q4 FY24 11 May 2024, realty.economictimes.indiatimes.com Nexus Select Trust’s net consolidated total income stood at 5,607.02 million in Q4 FY24, a quarter-on-quarter dip of 4.71 per cent from Rs 5,884.02 million it recorded in Q3 FY24…
- Bengaluru: Mantri Square mall sealed over Rs 50 crore tax dues 11 May 2024, realty.economictimes.indiatimes.com BBMP has sealed the mall multiple times over the past few years – the last time was on March 16, just a few hours before announcement of Lok Sabha elections…
- Danone India appoints Shashi Ranjan as its managing director 11 May 2024, retail.economictimes.indiatimes.com In his new role, Ranjan will spearhead Danone’s strategic initiatives in India, focusing on expanding the company’s presence, strengthening partnerships, and fostering sustainable growth. Leveraging his deep understanding of consumer preferences and market dynamics, he is committed to steering Danone India towards its global vision of delivering health through food to the people of India…
- Akshaya Tritiya buyers see the bright side; Q-comm coin deliveries see a hit 11 May 2024, retail.economictimes.indiatimes.com Industry executives in Kolkata predict a 20% year-on-year increase in Akshaya Tritiya sales value due to higher gold prices. Lightweight jewellery, including gold and silver coins, accounted for the bulk of demand, with gold trading at ₹72,633 per 10 gm on the auspicious day. Quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart also contributed to the surge in demand, delivering gold and silver coins within 10 minutes. ..
- FMCG giants bite price bullet to keep small companies off their turfs 11 May 2024, retail.economictimes.indiatimes.com Market researcherfirm Kantar reports that local businesses operating in a single area increased their market shares by over 13% in the year that ended in April 2023, while national brands expanded by 9% in the same period. Kantar examined 13 categories in the personal care, home care, and food and beverage industries. Regional brands that operate in many markets experienced a 2% decline in market share, whilst unbranded enterprises witnessed a 5% decline in market share…
- Pizza Hut India operator posts biggest profit drop yet on slow demand, piling costs 11 May 2024, retail.economictimes.indiatimes.com India’s quick-service restaurants struggled throughout the fiscal year to lure in customers, who cut back spending due to sticky inflation. The country’s food inflation, which accounts for nearly half of the overall consumer price basket, has remained high so far this year…
- Kalyan Jewellers Q4 consolidated PAT up 97% to Rs 137 cr 11 May 2024, retail.economictimes.indiatimes.com “We completed an excellent financial year and have started the new year on a strong note despite continuing volatility in gold prices. We are witnessing encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter and Akshaya Tritiya,” Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said…
- Relaxo Footwears posts 3 pc decline in Q4 net profit to Rs 61 cr 11 May 2024, retail.economictimes.indiatimes.com For the full financial year 2023-24, Relaxo’s net profit rose to Rs 200.47 crore, from Rs 154.47 crore in the previous fiscal…
- Adani Wilmarbets big on foods in growth push 11 May 2024, financialexpress.com Consumer goods company Adani Wilmar, best known for its Fortune brand of edible oils, is banking on its foods business as the next big growth driver, company CEO & MD, Angshu Mallick, said in a conversation with FE…
- The Glenwalk whisky maker Cartel Bros eyes Rs 240 crore revenue in FY25, plans expansion across 12-15 states 11 May 2024, retail.economictimes.indiatimes.com Launched in June 2023 with brand partner actor Sanjay Dutt, The Glenwalk is hitting month-on-month sales of 15-20 per cent in the blended Scotch category because of affordable price points and matching global quality, the company said. With plans of expansion across the country, the company has increased its production to above two lakh cases which is about 24-30 lakh bottles in this financial year. And it aims to sell 28 lakh bottles by the next financial year…
- About 90% of Indian retail market will remain offline: Accel’s Prashanth Prakash 11 May 2024, retail.economictimes.indiatimes.com D2C brands, primarily online-first, consider expanding to offline stores as Indian retail market grows to $2.2 trillion by 2030. Reports highlight the rise of omnichannel firms like Nykaa, Lenskart, and the shift towards omnichannel purchases…
- Behind ghost shopping malls, a new consumer trend glimmers 11 May 2024, retail.economictimes.indiatimes.com Ghost shopping malls with a vacancy rate of 40% or higher in 2023 are on the rise, with a 59% year-on-year increase in top 8 metros, resulting in 13.3 million sqft of retail space remaining vacant. The loss in value amounts to $800 million. High-grade malls are thriving due to premiumisation and a focus on consumer experience, leading to larger store sizes and better shopping experiences. New factory outlet malls are also set to surge in India…
- Limelight Diamonds Debuts New Store in Lucknow 11 May 2024, indianretailer.com Limelight Diamonds, a renowned CVD diamond jewelry brand expanded its retail presence with their new store in Lucknow. This latest addition is located in Lucknow’s Lulu Mall…
- Voltas Launches Two New Stores in Loni and Greater Noida, Western UP 11 May 2024, indianretailer.com Voltas Limited unveiled two brand new stores in Western UP’s Loni and Greater Noida. With this latest opening, the total number of stores in UP goes up to 47. This opening leads to the company’s online expansion…
- AMRPL Unveils Second Concept Store ‘Meridiem’ at Lucknow Airport 11 May 2024, indianretailer.com AMRPL (April Moon Retail Pvt. Ltd) recently launched Meridiem, a luxurious watch concept store at Terminal 3 at Chaudhary Charan Singh (CCS) International Airport in Lucknow, Departure area. Meridiem is the second concept store at Lucknow Airport after the launch of Bon Voyage…
- Baby Forest Unveils Premiere Store in Delhi’s Select City Walk Mall 11 May 2024, indianretailer.com Baby Forest Ayurveda Pvt Ltd. has unveiled its dazzling flagship store in Delhi’s Select City Walk Mall. Promising a one-of-a-kind sensory journey, the store epitomizes the brand’s fusion of opulence, eco-consciousness, and traditional Indian wellness traditions…
- Kirtilals Expands Retail Presence in Thrissur 11 May 2024, indianretailer.com Glow, the versatile diamond jewelry line by Kirtilals, has announced the inauguration of its latest showroom in Thrissur. The grand opening, held on May 6th, featured the presence of popular actress Anaswara Rajan, marking a significant milestone for the esteemed jewelry brand as it extends its premium diamond collection to discerning customers in Thrissur and beyond…
- Retail Banking: Types, Services, and Emerging Trends 11 May 2024, indianretailer.com In an era where financial transactions are increasingly digital and consumer preferences are rapidly evolving, retail banking stands as a cornerstone of the global economy. This article delves into the world of retail banking, aiming to demystify its workings, explore its various types, and examine the common services it offers…
- The 2024 Mother’s Day Gifting Trends Edit! 11 May 2024, indianretailer.com Mother’s Day 2024: With Mother’s Day right around the corner, brands across various sectors are rolling out their exclusive collections, tailoring their offerings to celebrate the diversity and uniqueness of mothers…
- Brigade Group To Develop A Residential Project With GDV Of Rs. 660 Cr 10 May 2024, rprealtyplus.com Brigade Group has signed a definitive agreement for a prime land parcel located on Old Madras Road, Bengaluru. Spread across 4.6 acres, the total development potential of the residential project will be around 0.69 Mn Sqft with a Gross Development Value of Rs. 660 Cr…
- Gera Developments Launches Gera’s Island Of Joy In East Kharadi, Pune 10 May 2024, rprealtyplus.com Gera Developments Private Limited, renowned pioneers in Real Estate, and recipients of multiple awards for their premium residential and commercial projects across Pune, Goa, and Bengaluru, are excited to introduce their latest project, Gera’s Island of Joy…
- Bhumika group to develop 3 lakh sq ft of retail space with government 10 May 2024, retail.economictimes.indiatimes.com Bhumika Group, Rajasthan’s largest mall developer, expanding retail spaces in NCR. Urban Square Mall in Udaipur fully occupied with top brands. Second phase launch imminent, reflecting strong industry credibility and financial stability…
- Ghost shopping malls space up 58% in 2023 across eight cities: Report 10 May 2024, retail.economictimes.indiatimes.com As many as 64 shopping malls with about 13.3 million square feet of gross leasable area have been categorised as ‘Ghost Shopping Centre’ in 2023…
- Rural FMCG sales outgrew urban for the first time in 5 quarters in Q1: NielsenIQ 10 May 2024, retail.economictimes.indiatimes.com In the January-March ’24 quarter, rural markets surpassed urban consumption for packaged consumer goods for the first time in five quarters, with rural growth at 7.6% while urban demand declined by 5.7%. Overall FMCG sector value grew by 6.6% driven by consumption, with flat price growth at 0.1%. NielsenIQ highlighted the growth in the FMCG industry being driven by consumption trends, with rural areas leading the growth. By volume, the sector grew by 6.5% nationally, with non-food sector sales growing at 11% compared to 4.8% for food. Home and personal care categories outperformed food categories, with larger pack sizes driving growth…
- Tipplers toast local labels as big brands lose way in policy maze 10 May 2024, retail.economictimes.indiatimes.com State liquor policy changes result in scarcity of popular brands like Royal Stag, Budweiser, and Old Monk. Liquor stores push new brands due to supply chain disruptions. Mainstream brands limit supplies leading to a shift towards local brands, impacting the industry supply chains…
- Marico on course to deliver double-digit constant currency growth in international business: Saugata Gupta 10 May 2024, retail.economictimes.indiatimes.com Marico CEO discusses market share dynamics, rural recovery, deflation impact, and strategy focusing on premium segments. The company targets double-digit revenue growth, digital business expansion, and sustainable scale-up of Beardo and Plix portfolios. Gupta says: “We expect the digital business also to get into at least a double-digit EBITDA by FY27 with a 2x times growth and we believe that this business will contribute to, which is now 20%, over the next three years will be 25% of our overall portfolio in India.”…
- Voltas net profit declines 22% YoY at Rs 110.64 crore in Q4 FY24 10 May 2024, retail.economictimes.indiatimes.com Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses…
- A big consumer tide is coming to India. Who all will rise? 10 May 2024, retail.economictimes.indiatimes.com India is poised to become the world’s third-largest consumer market by 2026, surpassing Germany and Japan. UBS forecasts a doubling of affluent individuals with annual incomes exceeding $10,000 to 88 million by 2028. Household spending per capita in India is projected to outstrip other Asian economies, with rural and urban consumption expenditures witnessing significant growth over the past decade, according to recent reports…
- Bangalore Watch Company eyes 5,000 pieces annually, plans exclusive outlets and funding boost 10 May 2024, retail.economictimes.indiatimes.com Banking on Indian consumers’ growing discretionary spending coupled with an increased affinity towards homegrown brands, the company aims to reach the mark of 5,000 watches annually in the next 3 years, shared Nirupesh Joshi, the co-founder and creative director, Bangalore Watch Company…
- Instacart partners with Uber Eats to offer restaurant deliveries 10 May 2024, retail.economictimes.indiatimes.com San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a “Restaurants” tab in the company’s app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers…
- Coty beats Q3 revenue estimates, eyes high-end of annual targets on strong demand 10 May 2024, retail.economictimes.indiatimes.com The CoverGirl parent has been investing heavily in new product launches and collaborations with influencers and e-retail partners to drive demand at a time when higher prices of necessities force customers to rethink luxurious purchases…
- Primark owner to raise game in explaining merits of food businesses, CEO says 10 May 2024, retail.economictimes.indiatimes.com George Weston, CEO since 2005, said going forward he would place a greater emphasis on communicating the importance of the food businesses as investors lacked a good understanding of the portfolio, and he plans to say more this year. He is also looking to make more acquisitions…
- Akshaya Tritiya: Jewellery retailers rejoice marginal dip in gold prices, expect double-digit growth 10 May 2024, retail.economictimes.indiatimes.com Geopolitical risks, central banks improving their reserves, and persistent inflation have resulted in a fluctuation in gold prices over the last month. This has caused mixed feelings about customers’ intentions to spend despite the ongoing wedding and festive season…
- India’s retail to touch $2.2 trillion by 2030: Accel-Fireside report 10 May 2024, retail.economictimes.indiatimes.com India’s retail sector targets $2.2 trillion by 2030, with online retail projected to grow. Omnichannel strategies are crucial for brands to scale and meet evolving consumer needs, emphasizing the integration of online and offline experiences for a seamless customer journey…
- Kirtilals Expands Retail Presence in Thrissur 10 May 2024, indianretailer.com Glow, the versatile diamond jewelry line by Kirtilals, has announced the inauguration of its latest showroom in Thrissur. The grand opening, held on May 6th, featured the presence of popular actress Anaswara Rajan, marking a significant milestone for the esteemed jewelry brand as it extends its premium diamond collection to discerning customers in Thrissur and beyond…
- Royal Canin Expands Packaging Operations in Bhiwandi, Maharashtra 10 May 2024, indianretailer.com Royal Canin has announced the opening of its New Packaging Center in Bhiwandi, Maharashtra. This launch is a significant milestone that solidifies the company’s commitment to the Indian pet care market…
- Masti Zone Expands Entertainment Space with Mohali Debut 10 May 2024, indianretailer.com Amidst the lively streets and bustling atmosphere of Mohali, Masti Zone arrives to usher in a new era of amusement for locals. With its launch in Mohali, Masti Zone Mohali became the third outlet in Punjab, joining the ranks of two existing outlets in Ludhiana, located at Palm Walk Mall and Wave Mall…
- Ospree Opens Vue De Lux Sunglass Store at Mumbai Airport Terminal 2 10 May 2024, indianretailer.com Ospree reveals the opening of Vue De Lux, a high-end sunglass boutique, situated in the Departure Section of Terminal 2 at Mumbai International Airport…
- Typsy Beauty Elevates Beauty Experience with Flagship Store in Delhi 10 May 2024, indianretailer.com Typsy Beauty, an innovative Indian makeup brand has announced the launch of its flagship store at IGI Airport in New Delhi. This launch is a significant milestone for the brand aiming to revolutionize the beauty industry…
- Vita Moderna Opens Stunning Experience Center in Mumbai 10 May 2024, indianretailer.com Vita Moderna, a leading retailer renowned for bringing prestigious luxury Italian furniture brands to Indian customers since 2008, is delighted to showcase the ELIE SAAB Low Tables Collection…
- Top 5 Jewellery Brands in India with the Strongest Retail Presence 10 May 2024, indianretailer.com The Indian Jewellery market is a remarkable display, rich in heritage, skilled craftsmanship, and continuously adapting trends. At its core are the top 5 jewellers in India, who excel in jewellery making and have developed a strong retail presence, making beautiful adornments widely available…
- What is Club Factory Online Shopping App and How Does it Work? 10 May 2024, indianretailer.com Club Factory online shopping app is a Chinese e-commerce platform that has quickly gained popularity among shoppers worldwide. Launched in 2014, the platform has grown exponentially over the years, offering a wide range of products at unbeatable prices….
- Honasa Consumer Limited Releases ‘Driven By Purpose’ Impact Report 10 May 2024, indianretailer.com Honasa Consumer Limited, a key player in India’s beauty and personal care retail sector, has unveiled its inaugural impact report, ‘Driven By Purpose,’ evaluated by Aspire Impact Ratings Pvt. Ltd…
- Marathon Watch and Jeep Join Forces for Military-inspired Timepiece Collection 10 May 2024, indianretailer.com Marathon Watch and the Jeep brand have unveiled an intriguing collaboration with the launch of the new Jeep x Marathon collection, featuring four distinctive timepieces that pay homage to the shared military heritage of both brands dating back to 1941…
- Dabur Herb’l Charcoal and Star Wars Unite for Limited Edition Toothpaste 10 May 2024, indianretailer.com In a galaxy not so far away, Dabur Herb’l Charcoal, the premium toothpaste brand, has joined forces with Disney’s Star Wars franchise, unveiling an exciting collaboration…
- Shruti Haasan Joins Hands with Kalamandir Jewellers as Brand Ambassador 10 May 2024, indianretailer.com Kalamandir Jewellers, a distinguished name in India’s jewellery landscape, has welcomed the talented and stylish actress Shruti Haasan into its fold as the brand ambassador…
- Tata CLiQ Luxury Partners with Ziniosa to Elevate Pre-Owned Luxury Experience 10 May 2024, indianretailer.com Following the successful launch of its pre-owned category earlier this year, Tata CLiQ Luxury, India’s leading luxury lifestyle platform, has expanded its offerings by welcoming Ziniosa on board…
- Sternhagen and Sussanne Khan Unveil Artistic Bathroom Collection 10 May 2024, indianretailer.com Sternhagen, renowned for its opulent bathroom fittings, has introduced its latest collaboration with interior designer Sussanne Khan….
- Coca-Cola India Foundation Partners with Hockey India to Empower Women’s Hockey 10 May 2024, indianretailer.com Anandana, The Coca-Cola India Foundation, has forged its inaugural collaboration with Hockey India for the National Women’s Hockey League 2024…
- Trehan Group New Residential Within Township, ‘Apna Ghar Shalimar’ 07 May 2024, rprealtyplus.com Rajasthan-based real estate developer Trehan Group has launched a new residential project, ‘Shalimar Heights’ in the promising industrial town of Alwar, Rajasthan…
- Oberoi Realty to jointly develop 12,790 sq meters land in Mumbai 07 May 2024, realty.economictimes.indiatimes.com The said land is leased to Maharashtra Housing and Area Development Authority (MHADA) and currently, there are seven buildings with a total of 504 flats…
- Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 crore 07 May 2024, realty.economictimes.indiatimes.com Blackstone Group is finalizing the acquisition of Adani Realty’s Inspire BKC in Mumbai’s Bandra-Kurla Complex. The deal is set at Rs 1,800-2,000 crore for the 800,000 sq ft tower, with various prominent companies as occupants…
- Embassy REIT to invest Rs 3,800 crore in four years 07 May 2024, realty.economictimes.indiatimes.com To expand its portfolio, Embassy REIT is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) and also domestic players…
- We would be aiming towards double digit volume growth; post elections it will be slight inflationary, says Britannia’s Varun Berry 07 May 2024, retail.economictimes.indiatimes.com “On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary,” Berry told analysts. “Post election and post monsoon, I would think we would be aiming towards double digit volume growth.”..
- GCPL posts loss after tax of Rs 1,893.21 cr in Q4 FY24 07 May 2024, retail.economictimes.indiatimes.com “During the quarter ended March 31, 2024, the group refreshed its long-term strategy for Africa, including ‘Strength of Nature’, enhancing the focus on ‘profitable’ growth. The strategy refresh resulted in various reorganisation actions during the quarter,” GCPL said…
- Wildcraft invests Rs 80 crore to open greenfield warehouse spreading across 3.5 lakh sq ft 07 May 2024, retail.economictimes.indiatimes.com Over the next 18-36 months, the brand plans to further invest Rs 40 crore in expanding its production capacity next to this warehouse unit…
- Marico consolidated PAT rises 5% YoY to Rs 320 crore in Q4 FY24 07 May 2024, retail.economictimes.indiatimes.com Marico Q4 Results: Marico reported a 5% YoY rise in Q4 net profit to Rs 320 crore. Revenue increased by 1.7% to Rs 2,278 crore. Full-year net profit grew 16% YoY to Rs 1,502 crore. Standalone PAT was at Rs 229 crore…
- Intrinsic opportunity for jewellery business very strong: CK Venkataraman, Titan Company 07 May 2024, retail.economictimes.indiatimes.com The businesses like eyecare in the last few months have really picked up and we are very bullish on those as well. Taneira continues to do well, international business is doing well. So, from a growth side, everything is really doing well and we just need to execute to generate the profit growth. We are all committed to that and we will know when the results actually come out, of course…
- Welspun Living appoints Naiyya Saggi as independent director 07 May 2024, retail.economictimes.indiatimes.com Naiyya Saggi will serve her first term as an independent director for four years, ending on April 24, 2028. With a career spanning an experience of 16 years, she is the founder of BabyChakra and currently Group co-founder and president of The Good Glamm Group, a digital-first beauty and personal care conglomerate…
- Marico eyes foods portfolio to be 2x of current scale in FY27 07 May 2024, retail.economictimes.indiatimes.com Marico Limited plans to double its foods portfolio in FY27 and expect its domestic revenue share from food and personal care to increase from 20% to 25%. The company’s foods division recorded a 24% value growth YoY, closing the year at four times its scale in FY20. The company is also aiming for consistent improvements in profitability as its Foods and Digital-First sections grow…
- How quick commerce is rewriting the rules of retail in India 07 May 2024, retail.economictimes.indiatimes.com Quick commerce, or super-fast deliveries, is becoming increasingly popular among millennials and Gen Z, with companies delivering various items to doorsteps in no time. Quick commerce makes up about 5-6 per cent of a household’s grocery spending, with platforms like Blinkit valued at around $13 billion. It is mostly popular in big cities but is also gaining traction in places like Vizag, Nagpur, Kochi, Jaipur, and Lucknow…
- Indian retailer Arvind’s Q4 profit rises on stable textile demand 07 May 2024, retail.economictimes.indiatimes.com The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit rose to 990.3 million rupees ($11.9 million) from 970 million rupees a year earlier…
- New Balance Opens Its Newest Retail Concept in Mumbai 07 May 2024, indianretailer.com New Balance, one of the leading sports brands introduces its latest retail concept at Linking Road, Mumbai. The launch event was graced by the presence of celebrated Cricketer Pat Cummins…
- Being Human Opens Its Store in Pink City, Jaipur 07 May 2024, indianretailer.com Being Human, an iconic clothing line has recently announced the opening of its 100th store in the vibrant Pink City of Rajasthan, Jaipur. With the store launch marking a significant moment in the brand’s journey, the event was..
- Bhima Jewellers Expands HBR Layout Store 07 May 2024, indianretailer.com Bhima Jewellers, a prominent name in the jewellery industry, has announced the expansion of its store located in HBR Layout, Bangalore. The newly revamped showroom, spanning three floors and covering over 6,500…
- Mia by Tanishq Innaugrated 4 Retail Stores in Tamil Nadu 07 May 2024, indianretailer.com Mia, a jewelry brand of Tanishq has announced the opening of 4 new retail stores in the South Indian region of Tamil Nadu, considering the location as an important growth market…
- Go Fashion (India) Plans to Launch 120-150 New Stores for FY25 07 May 2024, indianretailer.com Go Fashion India Ltd, owning the popular women’s wear brand “Go Colour” indicates its plan to add 120-150 net new stores in FY25, a top official has confirmed. The company launched a total of 94 stores last financial year taking the overall count to 714…
- Malabar Gold and Diamonds Enhances Ludhiana Store Experience 07 May 2024, indianretailer.com Malabar Gold and Diamonds, the esteemed global jewellery retailer, reopened its Ludhiana store on May 4th, 2024. The revamped store, situated at Rani Jhansi Road, Ghumar Mandi, Ludhiana, was inaugurated by…
- Acer Unveils TravelLite Laptop Tailored for Business Needs 07 May 2024, indianretailer.com Acer, a prominent player in the PC industry, has introduced the TravelLite laptop, designed specifically to cater to the requirements of businesses. Engineered in India as part of Acer’s Make in India initiative, these laptops…
- Avenue Supermarts’ Q4 Net Profit Surges to Rs 563 cr, Up by 22.39 pc 07 May 2024, indianretailer.com Avenue Supermarts Ltd, which is known to own and operate D-Mart stores has reached high markings in net profits reporting a 22.39 per cent rise at Rs 563 crore for the fourth quarter ended March 2024…
- DMart’s net profit surges 22.3% to Rs 563 crore in Q4 FY24; sees continued uptick in general merchandise and apparel contribution 06 May 2024, retail.economictimes.indiatimes.com On DMart’s brick-and-mortar business and overall performance, Neville Noronha, CEO and managing director said, “We ended the year with growth across key financial parameters of Revenue, EBITDA and PAT. Two years and older DMart stores grew by 9.9 per cent during FY 2024 as compared to FY 2023.” The company said it has 284 stores that are 2 years or older. In the year 2023-24, it has opened 41 new stores taking the total store count to 365…
- From powders to liquids: Competition heats up in liquid cleaners market in India 06 May 2024, retail.economictimes.indiatimes.com India’s market sees a surge in liquid cleaners’ popularity, driven by ecommerce growth and competition among top companies like HUL, ITC, and Colgate. The trend towards premium, differentiated products reflects changing consumer preferences and aspirations…
- Go Fashion (India) looks to open 120-150 new stores in FY25 06 May 2024, retail.economictimes.indiatimes.com Go Fashion was also exploring ‘omnichannel strategies’ leveraging technology to offer physical and online shopping experiences, expanding reach to consumers in various cities. “During FY24, our company achieved a growth of 15 per cent year-on-year in revenues to Rs 763 crore. EBITDA stood at Rs 242 crore witnessing a growth of 14 per cent year-on-year. Our PAT for FY24 stood at Rs 83 crore which was flat on a year-on-year basis,” Saraogi said…
- Mia by Tanishq on expansion mode; sets up four retail stores in TN 06 May 2024, retail.economictimes.indiatimes.com The company has inaugurated three new stores with one each in Kellys, Adyar, and Velachery in Chennai and another in Tiruppur district, a company statement here said…
- Millennial, Gen Z homes spur Q-commerce growth 06 May 2024, retail.economictimes.indiatimes.com In the past one year, half the new customers that we have added are all pure play quick commerce customers, who often do not make planned purchases and end up buying 4-15 times a month from our platform,” said Seshu Kumar Tirumala, chief buying and merchandising officer at BigBasket. Goldman Sachs said Blinkit’s implied valuation – estimated at $13 billion – is now higher than that of parent Zomato’s core food delivery business, indicating the rapid growth of the segment…
- Symphony reports 28% growth in net profit 06 May 2024, thehindubusinessline.com Symphony Limited, an air cooling solutions company, reported a net profit of ₹148 crore for the year ending March 2024, up 28 per cent from ₹116 crore clocked during the previous fiscal year…
- 50% of our revenue will come from offline stores in the next 5 years: Curefoods’ Ankit Nagori 06 May 2024, financialexpress.com The company has taken Sharief Bhai as the primary brand for offline expansion, with over 40 outlets in Bangalore, Mysore and many cities in Tamil Nadu…
- Fruits pack a punch in India’s mocktail market 06 May 2024, retail.economictimes.indiatimes.com Readymade punches and mocktail companies that use ‘natural’ ingredients such as fruits, roots, herbs, and spices are entering India’s beverage market due to a trend towards healthier options and convenience. Party animals are now preferring fruity concoctions over alcoholic drinks due to the shift from boozy highs and soda burps. A study by Statista predicts a 2.3% volume growth in the global market for non-alcoholic drinks this year…
- Influencer marketing may have a gender mismatch 06 May 2024, retail.economictimes.indiatimes.com Cosmetics and beauty brands are reevaluating influencer marketing strategies due to a gender mismatch in followers, leading to budget wastage. Beauty and fashion attract numerous influencers, especially on Instagram and YouTube…
- Kansai Nerolac reports higher profit for fifth straight quarter 06 May 2024, retail.economictimes.indiatimes.com Revenues at India’s third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher…
- Katrina Kaif’s Kay Beauty Makes its Debut in the UAE Market 06 May 2024, indianretailer.com Katrina Kaif, renowned Indian actress and entrepreneur, has expanded her beauty brand, Kay Beauty, to the United Arab Emirates, marking the brand’s first international foray. The much-anticipated launch took place at Nysaa, the UAE’s newest beauty hotspot, where Kay Beauty’s exclusive range is now available…
- IBAEUTY Launches “Gulabo,” a Serumised Pink Tint for Brown Skin 06 May 2024, indianretailer.com IBAEUTY, a trailblazer in the conscious beauty industry, has unveiled “Gulabo,” a revolutionary product designed to meet the unique needs of brown skin tones…
- Yoho Announces Strategic Expansion to Boost Global Presence and Product Offerings 06 May 2024, indianretailer.com Yoho, a popular footwear brand known for its blend of comfort and affordability, has unveiled a comprehensive growth strategy aimed at expanding its reach and product line…
- Nippon Paint Launches Innovative Nspire Store in Bengaluru 06 May 2024, indianretailer.com Nippon Paint, Asia Pacific’s leading paint manufacturer, has expanded its retail presence with a new Nspire store in Bengaluru, Karnataka. Situated in the bustling Kaval Byrasandra area, this concept store is designed to offer a…
- Simpli Namdhari’s Unveils “WhatAir” Mineral Water, a New Eco-Friendly Beverage Solution in Bangalore 06 May 2024, indianretailer.com In a pioneering move for the retail sector, Simpli Namdhari’s, a leader in India’s 100 percent omni-channel retail space, has launched “WhatAir” mineral water, marking a significant advancement in the beverage industry…
- Powerlook Men’s Fashion Launches New Store In Pune 06 May 2024, indianretailer.com Powerlook, the renowned menswear brand has proudly announced the opening of its new store in Pune, Maharashtra. The newly opened store is located at Phoenix Mall, Viman Nagar, Pune. This is the seventh store opening marking a momentous milestone for the brand…
- Bringing About a Green Revolution in E-commerce 06 May 2024, indianretailer.com In 2024, India’s e-commerce is pivoting towards sustainability due to increasing consumer demand for eco-friendly practices. This shift sees major players adopting greener methods, like carbon-neutral logistics and renewable energy, setting new standards for environmental responsibility in the digital era…
- CapitaLand India Trust acquires 2.5 million sq ft from Phoenix Group in Hyderabad 04 May 2024, realty.economictimes.indiatimes.com CapitaLand India Trust will provide funding of Rs 2.15 billion (S$34.68 million) to refinance the existing loan and receive interest on the funding at a rate which is higher than its borrowing cost…
- CBRE’s revenue rise 7.1% to $7.94 billion in Q1 2024 04 May 2024, realty.economictimes.indiatimes.com “Leasing outperformed expectations, driven by office leasing growth globally,” CBRE CEO Bob Sulentic said. The company’s global leasing revenue rose 4%, led by a 9% growth in Asia-Pacific…
- Titan Q4 net profit rises 7% YoY to Rs 786 crore 04 May 2024, retail.economictimes.indiatimes.com Net sales in January-March 2024 advanced 17% YoY to Rs 10,047 crore, compared to Rs 8,553 crore in the same period last year. The Board has recommended a dividend of Rs 11 per equity share for FY24. The Board has also approved the reappointment of CK Venkataraman as the MD of the company for a further period with effect from October 2024 up to December 2025. EBIT for the fourth quarter rose 8% YoY to Rs 1,139 crore, while EBIT margins declined 95 basis points to 11.1%…
- ‘Apple logs double-digit revenue growth in India’ 04 May 2024, retail.economictimes.indiatimes.com Apple CEO Tim Cook spoke about Apple’s growing engagement in India across retail functions and developer ecosystem as he pointed to sustainability efforts initiated by the company in water conservation. Apple is growing sales channels in the country, apart from engaging deeper with the developer ecosystem, says Cook. He had visited India last year to inaugurate two company-owned stores…
- Raymond re-appoints Gautam Hari Singhania as MD 04 May 2024, retail.economictimes.indiatimes.com On Friday, Raymond re-appointed Gautam Hari Singhania as the managing director of the company for a term of five years starting from July 1, 2024, as mentioned in an exchange filing…
- Consumer companies on recovery path; FY25 India business looks bright 04 May 2024, retail.economictimes.indiatimes.com Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India’s GDP…
- Raymond Q4 PAT rises 18% to Rs 229 crore 04 May 2024, retail.economictimes.indiatimes.com Consolidated net revenue in the quarter under review was Rs 2,688 crore as against Rs 2,192 crore in the year-ago period, up 23 per cent, it added. For the fiscal ended March 2024, consolidated profit after tax was Rs 1,638 crore compared to Rs 529 crore in the previous fiscal. Its consolidated net revenue in FY24 stood at Rs 9,286 crore over Rs 8,337 crore in FY23, the company said…
- Britannia expands its distribution network to 27.9 lakh outlets in FY24 04 May 2024, retail.economictimes.indiatimes.com In a tepid consumption scenario in 2023-24, Britannia’s consolidated revenue grew 3.5 per cent to Rs 16,546 crore with an operating profit growth of 10.1 per cent as against the consolidated revenue of Rs 15,985 crore in the previous fiscal year. However, it reported a dip of 3.76 per cent in consolidated net profit at Rs 536.61 crore in the fourth quarter (Q4) ended March 2024 as against the net profit of Rs 557.60 crore in the same period a year ago…
- Swiss Military to invest Rs 56.5 crore to set up manufacturing unit in Faridabad 04 May 2024, retail.economictimes.indiatimes.com Spread over 1.21 acres and a built-up area of about 85,000 square feet, the plant will have a production capacity of 10 lakh pieces per year, it said. Anuj Sawhney, managing director of the company said, “Our own manufacturing capabilities will help establish Swiss Military’s commitment to modernisation within the travel gear sector in the Indian market and to shorten go-to-market timelines with new products.”..
- Blue Star has a very balanced growth in both B2B and B2C segments; Jan-July overall market growth to be 30-35%: Vir Advani 04 May 2024, retail.economictimes.indiatimes.com Blue Star’s Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements…
- Powerlook Men’s Fashion Launches New Store In Pune 04 May 2024, indianretailer.com Powerlook, the renowned menswear brand has proudly announced the opening of its new store in Pune, Maharashtra. The newly opened store is located at Phoenix Mall, Viman Nagar, Pune. This is the seventh store opening marking a momentous milestone for the brand…
- Reliance Jewels Launches Akshay Tritiya ‘Vindhya’ Collection 2024 04 May 2024, indianretailer.com Bollywood icon Disha Patani honored the event where Reliance Jewels unveiled its latest collection ‘Vindhya’ for the Akshaya Tritiya celebrations. This collection is the ninth installment in the ‘Jewels of India’ series, drawing inspiration from the artistic traditions of Madhya Pradesh. The launch took place in Varanasi…
- Zodiac Brings the 2024 Positano Collection 04 May 2024, indianretailer.com Zodiac, a men’s clothing manufacturer has announced the launch of its latest collection “2024 Positano,” showcasing an exquisite range of pure linen shirts…
- VLCC Plans to Launch Over 100 Beauty & Wellness Clinics in the Nation 04 May 2024, indianretailer.com Beauty & wellness brand VLCC is all set to launch over 100 beauty and wellness clinics nationwide to expand its retail presence. The news was confirmed through a press release on Thursday…
- Lay’s Celebrates Cricket Legend MS Dhoni with Special Collector’s Edition 04 May 2024, indianretailer.com Cricket legend MS Dhoni’s legions of fans in Gurugram were treated to a thrilling spectacle today as Lay’s unveiled its highly anticipated limited-edition Dhoni collector’s packs. Hosted exclusively at Le Marche, South Point Mall, the event sparked excitement among fans eager to be among the first to own these commemorative packs before their nationwide release…
- Panda-monium at Wankhede, Mumbai Indians’ Kung Fu Crossover 04 May 2024, indianretailer.com Mumbai Indians announced its collaboration with the global box-office sensation, DreamWorks Animation’s Kung Fu Panda franchise. This partnership will see the worlds of cricket and Kung Fu collide in an exciting fusion of sports and entertainment…
- Bubble Skincare Partners with Disney and Pixar’s Inside Out 2 04 May 2024, indianretailer.com Bubble Skincare announced its first brand collaboration, with Disney and Pixar’s “Inside Out 2,” releasing on June 14. The limited-edition Bubble Skincare product packages will include Day Dream Tone and Texture Serum, Fresh Start Gel Cleanser and Slam Dunk Hydrating Cream Moisturizer, along with two exclusive sets featuring characters from “Inside Out 2” and Bubble’s hydrating products…
- Walmart Introduces Store-Label Food Brand to Attract Younger Shoppers 04 May 2024, indianretailer.com Walmart is introducing the U.S. retailer’s biggest store-label food brand. The idea is to appeal to younger shoppers who are more interested in buying chef-inspired food rather than grocery brands. The Bettergoods brand is all set to enter Walmart stores as well as the company’s online shopping site…
- Hermès brings the exploding colour of the Indian bazaar to luxury retail 04 May 2024, retail.economictimes.indiatimes.com From the 150-year-old neoclassical edifice at Horniman Circle to the glittery Jio World Plaza: Hermès’s two showrooms in the city casts a bridge between the old and the new…
- Dabur’s profit up 16.5% to Rs 341.22 cr in Q4 FY24 03 May 2024, retail.economictimes.indiatimes.com Dabur’s revenue from operations in FY24 was at Rs 12,404.01 crore, up 7.58 per cent, as against Rs 11,529.89 crore a year ago. “Strong execution of our Power Brand strategy, Increased premiumization, and distribution footprint expansion coupled with the benefit of our stringent cost reduction actions helped Dabur to report a steady performance during the fourth quarter and the full year 2023-24,” it said…
- ADIA, KKR book a $1.5b space in Reliance Retail warehouse 03 May 2024, retail.economictimes.indiatimes.com ADIA and KKR invest $1.5 billion in RRVL’s warehousing assets, managed by RPPMSL. RRVL transfers assets to RLWH. Financial details include debt, NCDs, and equity. RRVL’s growth supported by investments and strategic partnerships…
- Apple sets revenue records in India amidst overall slump, says CEO Tim Cook 03 May 2024, retail.economictimes.indiatimes.com “We did grow strong by double-digit, and so we were very, very pleased with that. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us.” Cook said, commenting on India market performance during the company’s earnings call Friday…
- Yoga pants inventor Lululemon Athletica plans to enter India 03 May 2024, retail.economictimes.indiatimes.com Lululemon Athletica plans to enter India independently, focusing on locations in Mumbai, Delhi, and Bangalore. The company, known for yoga pants, aims to tap into the country’s growing demand for fitness and athleisure wear…
- Mars Cosmetics eyes doubling its revenue this fiscal 03 May 2024, retail.economictimes.indiatimes.com The brand is also planning to open 20 new kiosks in states like Rajasthan, UP, Gujarat, and West Bengal…
- Adani Wilmar food business should double for next 3-5 years: Angshu Mallick 03 May 2024, retail.economictimes.indiatimes.com Adani Wilmar expects improved margins in FY25 with a focus on oil meal products and distribution efficiency. Angshu Mallick foresees doubling the food business volume to two million tonnes in the next four years…
- EBay forecasts Q2 revenue below estimates as consumer spending remains strained 03 May 2024, retail.economictimes.indiatimes.com The San Jose, California-based company has been under pressure as inflation-hit shoppers are becoming increasingly choosy about their online purchases and competition from larger platforms like Amazon.com…
- Premium apparel gets back in vogue in Q4 03 May 2024, financialexpress.com Premium fashion and lifestyle products are beginning to show an uptick again after months of reeling under a slowdown. March quarter (Q4FY24) results of companies such as Shoppers Stop, Vedant Fashions and Reliance Retail have pointed to a revival in demand, even as the value retail segment, led by companies such as Trent’s Zudio, continue to outperform the sector…
- Agilitas appoints Nirdosh Chouhan as chief technology and product officer 03 May 2024, retail.economictimes.indiatimes.com Nirdosh Chouhan is a member of the founding team at Agilitas Sports. He will lead tech at Agilitas…
- HUL appoints Vipul Mathur as ED for personal care 03 May 2024, financialexpress.com Hindustan Unilever, the country’s largest consumer goods company, announced the appointment of Vipul Mathur as executive director, personal care and member of the management committee, effective June 1…
- SLN Coffee appoints HUL’s Sahib Singh as CEO 03 May 2024, retail.economictimes.indiatimes.com On his appointment, Singh said, “I am very excited to join SLN Coffee Group. Levista has already made significant strides in the market, and I am eager to build on this momentum. I aim to drive SLN Coffee Group towards becoming a successful multinational corporation with world-class operations, capitalize on the brand’s strengths, and explore new avenues for growth.”..
- DFM Foods premiumises snacks portfolio; building biz attractive to strategic buyers in long term: CEO Vipul Prakash 03 May 2024, retail.economictimes.indiatimes.com DFM Foods, a packaged snacks maker, has shifted its focus from Rs 5 packs to larger packs of Rs 10 and Rs 20, in line with evolving consumer trends. This move is driven by urban demand, quick-commerce, and surging packaging costs. DFM has accelerated operational efficiencies and expanded distribution beyond the North to the East, with territories like the West and South expected to follow…
- OECD revises India’s FY25 growth forecast upward to 6.6% 03 May 2024, retail.economictimes.indiatimes.com OECD revised India’s FY25 growth forecast to 6.6%, citing strong investment and business confidence. Public sector investment will be crucial, with inflation expected to decrease, leading to rate cuts. Emphasis on fiscal deficit, agricultural reforms, and global growth…
- Blue Star net profit drops 29% to Rs 159.71 crore in Q4 FY24 03 May 2024, retail.economictimes.indiatimes.com Blue Star’s total income increased to Rs 3,340.16 crore in Q4 FY24 as against Rs 2,830.48 crore in the similar period of the previous fiscal. Its total expenses also grew at Rs 3,126.38 crore in the fourth quarter of 2023-24, compared with Rs 2,485.46 crore in the corresponding period of the last year…
- PNGS Gargi Fashion Jewellery Ltd Sees 76 pc Surge in Annual Sales in FY24 03 May 2024, indianretailer.com In the dynamic retail fashion jewelry sector in India, PNGS Gargi Fashion Jewellery Ltd (Gargi) has delivered an impressive financial performance for the fiscal year spanning April 2023 to March 2024…
- Reliance Retail’s Tira Beauty Launches Nails Our Way 03 May 2024, indianretailer.com Reliance Retail’s Tira Beauty has recently introduced its latest private label brand ‘Nails Our Way.’ The freshly launched beauty line offers a wide range of premium nail colors and care products…
- RoyalSLN Coffee Appoints Sahib Singh as CEO to Drive Expansion Plans 03 May 2024, indianretailer.com In a strategic move aimed at expanding its market presence, SLN Coffee has appointed Sahib Singh as its new CEO. This decision reflects the SLN Group’s determination to enhance its position in the global coffee market…
- The Derma Co Partners with Dr Vanita Rattan to Bring Skin Renew Range 03 May 2024, indianretailer.com In a significant collaboration within the Indian retail skincare sector, The Derma Co. joins forces with Dr. Vanita Rattan (Dr. V), a well-known figure in the UK for her expertise in skincare formulation…
- Walmart Introduces Store-Label Food Brand to Attract Younger Shoppers 03 May 2024, indianretailer.com Walmart is introducing the U.S. retailer’s biggest store-label food brand. The idea is to appeal to younger shoppers who are more interested in buying chef-inspired food rather than grocery brands…
- Mount Kailash Welcomes Pallavi Saha as New CEO 03 May 2024, indianretailer.com Renowned mineral water brand Mount Kailash has recently announced the appointment of Pallavi Saha as its new Chief Executive Officer. Saha joined the organization to help it grow and expand…
- Royal Green Realty New Phase ‘The Select’ In Royal Green County, Bahadurgarh 02 May 2024, rprealtyplus.com Royal Green Realty, a renowned name in the leading real estate industry, has announced the launch of “The Select” the new Phase within Royal Green County in Bahadurgarh, Haryana…
- Adani Wilmar Q4 profit jumps 67% to Rs 156.75 cr 02 May 2024, retail.economictimes.indiatimes.com The company’s total income fell to Rs 13,342.26 crore in the March 2024 quarter from Rs 14,185.68 crore in the year-ago period, according to a regulatory filing…
- Chinese smartphones rely on Reliance counters for better India presence 02 May 2024, retail.economictimes.indiatimes.com Amid a shift towards offline expansion due to a dip in online sales, Chinese smartphone brands are partnering with Reliance Retail to reach rural retail stores. Poco collaborated with Jio Mart Digital for nationwide distribution. Offline sales surged to 61% in Q1 2024, with Samsung and Vivo leading…
- India’s competition regulator checks if Glenlivet-maker Pernod colluded with New Delhi retailers 02 May 2024, retail.economictimes.indiatimes.com India’s competition watchdog is examining allegations that Pernod Ricard of France collaborated with retailers in New Delhi to increase market share. Legal documents suggest the spirits giant faces antitrust issues in India, with accusations of influencing retailers to stock its products in exchange for financial aid…
- GST revenue collection hits record high of Rs 2.10 lakh cr in April 02 May 2024, retail.economictimes.indiatimes.com India’s Goods and Services Tax (GST) collections soared to a new peak of Rs 2.10 lakh crore in April, marking a 12.4% increase from the previous year, according to the Finance Ministry. The surge was fueled by a 13.4% rise in domestic transactions and an 8.3% increase in imports…
- ONDC’s first buyer side logistics app to fix a big gripe 02 May 2024, retail.economictimes.indiatimes.com MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational challenges and improve delivery experience. Integration with major ecommerce platforms is crucial for ONDC’s growth…
- Amazon taps AI, ML to enhance online shopping 02 May 2024, financialexpress.com Imagine getting help for your Amazon shopping from a chatbot that’s trained on the e-tailer’s extensive product catalogue. Well, now you can, thanks to Rufus, a generative AI-powered shopping assistant that’s specifically built for Amazon customers…
- Yum Brands Q1 Results: KFC parent reports drop in global same-store sales on weak demand 02 May 2024, retail.economictimes.indiatimes.com Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets…
- Licious turning omnichannel with five stores in Bengaluru by June 02 May 2024, retail.economictimes.indiatimes.com Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth…
- Walmart launches store-label food brand as it seeks to appeal to younger shoppers 02 May 2024, retail.economictimes.indiatimes.com The brand, called Bettergoods, is just hitting Walmart stores and the company’s online shopping site. Walmart said Tuesday it expects to have 300 products in the line by the fall, including frozen foods, dairy items, snacks, beverages, pastas, soups, coffee and chocolate. The prices range from under $2 to under $15, with most products costing under $5…
- Birkenstock Unveils First Mumbai Flagship Store 02 May 2024, retail.economictimes.indiatimes.com In the bustling retail landscape of India, Birkenstock has launched its inaugural flagship store in Mumbai, covering 1600 square feet. The store seamlessly blends Birkenstock’s focus on functionality, quality, and tradition with the richness of India’s cultural tapestry…
- Kazo Announces New Store Opening in Noida 02 May 2024, indianretailer.com Kazo Fashion Pvt, Ltd., has declared the grand opening of its new store in Noida. The newly launched store covering an area of 900 sq. ft., is located at DLF Mall of India, Noida. Reflecting the brand’s dedication to circularity, the design of the store integrates movable store fixtures and infrastructure and features the Spring-Summer 2024 collection…
- Havells India Reports 24.76 pc Jump in Q4 Net Profit, Eyes Retail Growth 02 May 2024, indianretailer.com In the retail landscape of India, Havells India, a prominent home appliances maker, announced a consolidated net profit of Rs 446.7 crore for the quarter ending on March 31 for the financial year 2024 (Q4 FY24)…
- Procter and Gamble India Q3 Results: Profit Down 6.45 pc, Revenue Up 13.48 pc 02 May 2024, indianretailer.com In the retail sector in India, Procter and Gamble Hygiene and Health Care Ltd (PGHH) faced a 6.45 percent decline in profit after tax, amounting to Rs 154.37 crore in the third quarter ending March 2024…
- Myntra Welcomes Streetwear Brand Urban Monkey 02 May 2024, indianretailer.com Myntra’s Rising Stars initiative, supporting Indian D2C brands, welcomes Urban Monkey onboard! The brand will be offering over 170 styles on Myntra’s platform and will include categories like apparel and accessories…
- Duggal Debuts 2024 Spring/Summer Line in India 02 May 2024, indianretailer.com Mac Duggal, a Renowned American couture designer has recently made its entry for the first time in India by launching Spring Summer 24’ collection. The designer’s newly launched range features contemporary day-to-evening dressing and easy, free-flowing silhouettes…
- Mount Kailash Welcomes Pallavi Saha as New CEO 02 May 2024, indianretailer.com Renowned mineral water brand Mount Kailash has recently announced the appointment of Pallavi Saha as its new Chief Executive Officer. Saha joined the organization to help it grow and expand. Having over 2 decades of experience, she has collaborated with renowned brands including Apple, Whirlpool, and Chobani…
- Mindspace REIT posts net profit of Rs 127.10 crore in Q4 FY24 01 May 2024, realty.economictimes.indiatimes.com Mindspace REIT’s net operating income (NOI) grew 11.9% year-on-year to Rs 1,896 crore in FY24. The board declared distribution of Rs 4.77 per unit aggregating to Rs 282.90 crore…
- Godrej family seals terms of division; Nyrika Holkar, Pirojsha Godrej emerge key next generation leaders 01 May 2024, retail.economictimes.indiatimes.com As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation…
- Not too worried about rural demand dipping or any pressure in urban side: Amul India MD 01 May 2024, retail.economictimes.indiatimes.com Amul’s Jayen Mehta notes 10%+ growth in dairy products, with fresh products up 14-15%. Daily Rs 200 crore milk purchase aids rural economy. 38% turnover from towns 20,000. Market expansion and competition focus highlighted…
- Coca-Cola earns $290 mn from India by divesting its bottling operations in Jan-Mar 01 May 2024, retail.economictimes.indiatimes.com In the March quarter, the Coca-Cola Company earned USD 290 million from India by refranchising its bottling operations in three key markets. Hindustan Coca-Cola Beverages divested its company-owned bottling operations in Rajasthan, Bihar, Northeast, and parts of West Bengal to existing bottlers, resulting in net gains of USD 293 million. Despite a 2 percent decline in unit case volume in the Asia Pacific market zone, the company saw growth in the India market…
- India not one market, state-wise focus crucial: Heineken 01 May 2024, retail.economictimes.indiatimes.com Heineken, the world’s second-largest brewer, is impressed by India’s business environment and progressive policies, especially in the beer sector. Despite challenges like high taxes on beer compared to spirits, India’s promising demographics and increasing affluence make it an attractive market. Heineken’s Indian arm, United Breweries, sees significant growth potential, with plans to capitalize on branding and market execution. India’s net revenue for Heineken has increased 20% organically, driven by volume and positive price mix…
- Manyavar-owner Vedant Fashions’ Q4 net profit rises 6.3% to Rs 115.79 crore 01 May 2024, retail.economictimes.indiatimes.com Manyavar-owner Vedant Fashions’ revenue from operations in Q4 FY24 increased to Rs 363.15 crore as against Rs 355.06 crore in Q4 FY23, as per the BSE filing…
- Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too 01 May 2024, retail.economictimes.indiatimes.com Known for cheap own-brand clothing and accessories, Shein is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year…
- Amazon results beat estimates, revenue forecast misses 01 May 2024, retail.economictimes.indiatimes.com Shares of the Seattle-based e-commerce and tech company climbed less than 2% in extended trade after its current-quarter revenue forecast came in below expectations. The stock closed down 3.3% in the regular session. Chief Financial Officer Brian Olsavsky told reporters on a call that capital spending would increase throughout the year, compared with $14 billion in the first quarter. “That will be the low point for the year as far as capex by quarter,” he said…
- Say goodbye to potatoes being as cheap as chips 01 May 2024, retail.economictimes.indiatimes.com Europeans eat among the highest quantity of potatoes per capita of any region in the world — about 90 kilograms on average a year…
- Mineral water brand Mount Kailash appoints Pallavi Saha as CEO 01 May 2024, retail.economictimes.indiatimes.com With over two decades of experience, she has worked with renowned brands such as Apple, Whirlpool, and Chobani. She is also recognized for her leadership in building product lines from scratch across the United States, Europe, and the Asia-Pacific region…
- Australia’s Coles eyes more product volume as cooling inflation lures shoppers 01 May 2024, retail.economictimes.indiatimes.com That brought on a surge in purchases, and supermarket sales, the company’s main earner, rose 5.1% to A$9.1 billion ($6 billion) in the 12 weeks to March 24, the company said in a trading update that did not include profit numbers or guidance. Analysts had forecast sales growth under 5%…
- P&G Hygiene and Health Q3 profit falls 6.5% to Rs 154.4 cr, sales rise 13.5% to Rs 1,002 cr 01 May 2024, retail.economictimes.indiatimes.com Procter & Gamble Hygiene and Health Care Ltd (PGHH) revenue from operations increased 13.48 per cent to Rs 1,002.17 crore during the quarter under review. It was at Rs 883.09 crore a year ago. Its Profit After Tax (PAT) of Rs 154.37 crore “was down 6 per cent vs year ago due to one-time tax impacts in the base as well as current quarters”, said the earnings statement from the company which owns popular brands such as Vicks in healthcare and Whisper in feminine care…
- Havells India beats Q4 profit estimates on strong demand for appliances 01 May 2024, retail.economictimes.indiatimes.com Consumer expenditure on electrical appliances tends to rise as temperatures increase and consumers prepare for warmer weather, leading to an uptick in spending on cooling products such as room air conditioning units, air coolers and fans…
- Luxury malls transforming the landscape of Indian retail-real estate 01 May 2024, retail.economictimes.indiatimes.com Catering to myriad tastes and preferences, luxury malls offer an inimitable shopping experience with their spectacular décor, dynamic ambiance, and a cornucopia of retail options. Additionally, beyond convenience and accessibility, each luxury mall boasts distinct features and attractions that set them apart. As heralds of a new age of prosperity, luxury malls are also catalysts for the transformation of the Indian real estate sector, significantly contributing to the economic growth and development of Delhi NCR…
- Fenesta Boosts Its Presence in Noida 01 May 2024, indianretailer.com Fenesta, a windows and doors brand has recently launched its new store in Noida, confirmed by one of the company’s officials on Tuesday. This new store is open to customers in Noida’s sector 10…
- Stonelam Introduces Experience Centre for First Time in Mumbai 01 May 2024, indianretailer.com Stonelam, which is a Natural surface materials distributor has launched a new experience center in Mumbai. The newly opened center includes a business lounge with custom furniture displaying interior mock-ups…
- Kisna Diamond and Gold Jewelry Opens Showroom in New Delhi 01 May 2024, indianretailer.com Kisna Diamond and Gold jewelry brand continues to expand its reach with its latest showroom launch in New Delhi. This new opening is the brand’s 5th exclusive showroom in Delhi and 22nd across India…
- Solitario’s Lab-Grown Diamonds Debuts in Chennai 01 May 2024, indianretailer.com Lab-grown diamond brand Solitario has marked the entrance of its very 1st store in Chennai. The newly inaugurated diamond jewelry store spans over 600 sq. ft. area and is located at Phoenix Market City Mall’s luxury arena named Palladium, which is a host to 70 retailers…
- Havells India Reports 24.76 pc Jump in Q4 Net Profit, Eyes Retail Growth 01 May 2024, indianretailer.com In the retail landscape of India, Havells India, a prominent home appliances maker, announced a consolidated net profit of Rs 446.7 crore for the quarter ending on March 31 for the financial year 2024 (Q4 FY24)…
- Procter and Gamble India Q3 Results: Profit Down 6.45 pc, Revenue Up 13.48 pc 01 May 2024, indianretailer.com In the retail sector in India, Procter and Gamble Hygiene and Health Care Ltd (PGHH) faced a 6.45 percent decline in profit after tax, amounting to Rs 154.37 crore in the third quarter ending March 2024…
- Prestige Group Enters South Mumbai’s Uber Luxury Residential Segment 30 April 2024, rprealtyplus.com Prestige Group, country’s leading real estate developer with a portfolio of more than 305 delivered properties across 10 cities, has made a strong entry into the South Mumbai’s uber luxury segment with the extremely successful pre-launch of their iconic development, Prestige Ocean Towers…
- Prestige Group Enters South Mumbai’s Uber Luxury Residential Segment 30 April 2024, rprealtyplus.com Prestige Group, country’s leading real estate developer with a portfolio of more than 305 delivered properties across 10 cities, has made a strong entry into the South Mumbai’s uber luxury segment with the extremely successful pre-launch of their iconic development, Prestige Ocean Towers…
- Malls open their doors to D2C brands; experiment with short-term contracts, temp stores 30 April 2024, retail.economictimes.indiatimes.com Mall developers shared that they are working on short-term leasing agreements, pop-up stores, and experimental store models allowing D2C brands the opportunity to test waters before long-term leasing commitments…
- Trent’s Q4 net profit surges to Rs 712.09 crore 30 April 2024, retail.economictimes.indiatimes.com Trent’s total income has also seen a jump of 48.7 per cent to Rs 3,374.57 crore in Q4 FY24 as against Rs 2,268.06 crore in the corresponding quarter of the previous fiscal. Trent’s total expenses has also increased to Rs 3,073.54 crore in Q4 FY24 as compared to the total expenses of Rs 2,207.89 crore in Q4 FY23, as per the BSE filing…
- Shoppers Stop posts jump in Q4 profit on higher demand 30 April 2024, retail.economictimes.indiatimes.com The early start of end-of-season sales and events like Valentine’s Day drove heightened sales volumes, while high-income urban consumers favoured luxury makeup and fragrances for social and professional engagements, further boosting top-line growth…
- Shoppers Stop elevates Kavindra Mishra as MD and CEO; makes more directorship changes 30 April 2024, retail.economictimes.indiatimes.com Before that, he was the chief commercial officer and CEO – Homestop with the company. Prior to joining Shoppers Stop, he worked as the managing director and CEO of House of Anita Dongre, which has brands of AND, Anita Dongre, and Global Desi. The board of directors of Shoppers Stop has also approved the appointment and changes in the designation of directors, at its meeting held on April 29, 2024 and with effect from the date to hold the office up to ensuing General Meeting of the company…
- Nestle India to focus on driving volume growth going forward: CMD Suresh Narayanan 30 April 2024, retail.economictimes.indiatimes.com Nestle India is also looking to increase its total touchpoints to 60 lakh across the country in the next 4-5 years, up from 51 lakh at present, Narayanan said while speaking to reporters here. “The future of consumer goods companies will rest on their capability to penetrate more households, with more products for more occasions and usage,” he said, while stressing on the need to shore up volume…
- American luxury designer brand Mac Duggal forays into India; eyes Rs 500 crore revenue in next 5 years 30 April 2024, retail.economictimes.indiatimes.com The brand has partnered with multi-brand retailers like Ogaan, Aza Fashions, and The White Crow to launch the brand in India and the products of the brand will also be available to its consumers through its website…
- Sales glut, sweat and tears: For ecommerce, heat wrings out the worst of worries 30 April 2024, retail.economictimes.indiatimes.com Temperatures are a health hazard, erode delivery teams; companies are struggling to meet summer demand. Experts say extreme weather conditions will continue to drive unpredictability and increase absenteeism among gig workers…
- Winning luxury customers by mapping customer experience journey 30 April 2024, retail.economictimes.indiatimes.com Luxury brands must strive to truly understand their customers’ motivations, aspirations and unmet needs. What experiences delight their customers? How can they cultivate wow moment for their customers at each touch point? What are challenges faced by them? Knowing your customer’s experience at each stage of their purchase journey will help them device appropriate improvement strategies ahead of time…
- Consumers in India are likely to temper demand for gold, here’s why 30 April 2024, retail.economictimes.indiatimes.com World Gold Council (WGC) predicts subdued consumer demand for gold due to high prices, fewer weddings, and election-related restrictions. However, stability in prices before Akshaya Tritiya could boost demand. Gold’s remarkable performance may encourage investment, despite challenges in the market. Domestic prices rise swiftly, impacting consumption but investment demand rises…
- Domino’s jumps 7% as company surpasses sales expectations 30 April 2024, retail.economictimes.indiatimes.com Domino’s Pizza topped expectations for first-quarter sales and profit on Monday, as consumers in the United States tapped into offers through the pizza chain’s loyalty program…
- Summer product sales surge 40-50% in April as appliance makers worry about shortages 30 April 2024, retail.economictimes.indiatimes.com April has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with sales soaring 40-50%. This surge has led to concerns among appliance manufacturers about meeting demand, especially in the south and east where sales have spiked 150-200% due to ongoing heatwaves. The north, the largest market for cooling appliances, is yet to experience the full impact of the heatwave. Manufacturers warn of possible shortages in May as component planning did not anticipate such high demand, and it’s challenging to expand production on short notice…
- Gillette India posts slip in Q3 profit on rigid competition 30 April 2024, retail.economictimes.indiatimes.com Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices. Revenue from Gillette’s core grooming segment, which accounts for 82% of the total, rose nearly 14% to 5.58 billion rupees, while the cost of raw materials consumed fell 6.3%…
- Samsung says AI to drive technology demand in second half 30 April 2024, retail.economictimes.indiatimes.com The world’s biggest maker of memory chips and TVs said operating profit rose to 6.6 trillion won ($4.8 billion) in January-March, up from 640 billion won a year earlier. That was in line with Samsung’s own estimate of 6.6 trillion won flagged earlier this month, its highest operating profit since the third quarter of 2022…
- Skechers Innaugrates 21st Store in Gujarat 30 April 2024, indianretailer.com Skechers has recently announced the opening of its 21st store in Gujarat. The newly launched store is located at Shyamal Crossing, Ahmedabad…
- Shopper Stop’s Q4 Results: Growth Stays Robust Despite Market Softness 30 April 2024, indianretailer.com Shoppers Stop Ltd, a leading retail department store in India, recently disclosed its financial results for the quarter ended March 31, 2024…
- Malaysian Coffee Chain Union Artisan Coffee Enters India; Opens 1st Outlet at Worldmark, Aerocity 30 April 2024, indianretailer.com Union Artisan Coffee, the internationally acclaimed artisanal coffee chain hailing from Malaysia, proudly unveils its inaugural café in India, situated in the prestigious locale of Worldmark, Aerocity, New Delhi…
- Little Italy Completes 35 Years of Biz; Launches an All New Menu 30 April 2024, indianretailer.com Little Italy Group, one of the pioneer in serving Italian cuisine in India, has entered its 35th year in the business. To celebrate its journey, it has launched sumptuous and innovative menu, a testament to the group’s enduring legacy and its commitment to culinary excellence…
- Carl’s Jr Makes EI Diablo a Permanent Menu Addition 30 April 2024, indianretailer.com QSR chain Carl’s Jr is bringing the cult-favorite menu item EI Diablo, featuring two charbroiled all-beef patties, two strips of bacon, crispy Jalapeño POPPERS® Bites, melty pepperjack cheese and fiery habanero ranch sauce on a seeded bun, will rejoin an updated menu as a permanent addition…
- MMR Real Estate Witnesses 38% Surge In Property Registration 29 April 2024, rprealtyplus.com Mumbai Metropolitan Region (MMR) reaffirms its position as India’s premier residential market, exhibiting strong growth at the onset of the financial year…
- Delhi – NCR Witnessed 29 Land Deals In FY-24 29 April 2024, rprealtyplus.com Delhi-NCR continues to be a hotspot for real estate transactions across various sectors and as in the previous financial year, land deals have been a significant part of real estate development…
- Brookfield plans $10 billion investment in Indian real estate in 3-5 years 29 April 2024, realty.economictimes.indiatimes.com Brookfield–one of the largest office owners and operators in India—currently has a portfolio spanning more than 51 million sq ft across seven key Indian cities…
- Hindustan Unilever set to focus on bigger brands to chase volumes 29 April 2024, retail.economictimes.indiatimes.com According to the company, the latest quarterly performance of no pricing growth is the carry-forward of price cuts in segments such as laundry and soaps that are highly price-sensitive. In past four quarters, companies have been slashing prices amid visible consumer preference for cheaper products, but strategy hasn’t helped boost volumes…
- FMCG companies: Buyers aware, sellers beware 29 April 2024, retail.economictimes.indiatimes.com FMCG companies face quality issues and regulatory actions, risking consumer trust. Nestle India, Patnajali, Bournvita controversy, and Hindustan Unilever rebrand amidst inflation challenges and omni-channel adoption. While stock meltdown and regulatory action are short-term risks, losing consumer trust is a long-term and bigger risk for an FMCG company…
- Men’s ethnic wedding wear demand surges 29 April 2024, retail.economictimes.indiatimes.com “Sherwanis have emerged as a standout category, accounting for over a quarter of all sales. Over the past year, Tasva has seen its business double. Notably, the ‘angrakha’ silhouette has garnered substantial popularity among our customers, contributing significantly to this growth trend,” Ashish Mukul, brand head at Tasva, told TOI. This is majorly because of the rapid retail expansion throughout the country and the introduction of differentiated designs tailored to meet the consumers preferences…
- Cola, beverage & dairy firms eye 25% growth this summer 29 April 2024, hosternic.com Capitalising on the soaring temperature, FMCG firms selling juices, fizz drinks, ice creams and milk-based beverages, including Parle Agro, ITC Foods, Mother Dairy, Coca-Cola, and Rasna have ramped up the production and stocks of low-unit packs (between Rs 5- Rs 10) to drive consumption and volume growth…
- Spirits market in India is surging at a record pace: Main factors and trends 29 April 2024, retail.economictimes.indiatimes.com After the low during the pandemic when the spirits market shrank to 311 million cases in FY21, it recovered swiftly to add about 100 million cases in annual sales in just three years, reaching 412 million cases in FY24, industry executives said, citing latest excise department data…
- Startups in India grew over 300 times in ten years: Union Minister Jitendra Singh 29 April 2024, retail.economictimes.indiatimes.com India’s startup ecosystem flourished under PM Modi’s leadership, with significant advancements in space research and economic growth. The country showcased scientific and technological prowess, focusing on empowering the ‘Amrit-Peedhi’ for sustainable progress…
- Smartphone companies dial up after-sales service network 29 April 2024, retail.economictimes.indiatimes.com “Established industry players are increasingly embracing apprenticeship initiatives aimed at cultivating a skilled workforce. These programmes offer courses such as service engineer IT hardware, repair technician, wireman control panel electronics, and electronics mechanic, targeting students who have completed 8th or 10th grade for entry into the field,” he added…
- Urban Square Mall Introduces Jus’ Jumpin’ Trampoline Park in Udaipur 29 April 2024, indianretailer.com Urban Square Mall, Udaipur’s largest shopping and entertainment destination, has unveiled its latest addition – Jus’ Jumpin’, India’s Ultimate Playland. Making its debut in Rajasthan, Jus’ Jumpin’ brings its trampoline park experience to Udaipur with the opening of its 11th store…
- Jaquar Disrupts Indian Shower Scene with New Tech 29 April 2024, indianretailer.com Touch, the most intimate and intuitive of all human senses, has expanded its influence on the shower experience with Jaquar’s latest innovation – Qloud. This cutting-edge shower system aims to transform the way individuals interact with their showers daily…
- Samsung Introduces Range of AI TVs in India 29 April 2024, indianretailer.com Samsung, India’s largest consumer electronics company, has introduced a new range of AI TVs at the ‘Unbox and Discover’ event in Bengaluru’s Samsung Opera House. The 2024 lineup includes Neo QLED 8K, Neo QLED 4K, and OLED TVs, designed to enhance home entertainment experiences through powerful AI-driven solutions…
- PG Technoplast Expands Presence with Manufacturing Facility in Bhiwadi 29 April 2024, indianretailer.com PG Technoplast Private Limited, a subsidiary of PG Electroplast Limited (PGEL), has reached a significant milestone with the inauguration of its new air conditioning manufacturing plant in Bhiwadi, Rajasthan, India…
- The Body Shop Brings Cultural Store Concepts Across India 29 April 2024, indianretailer.com Deeply committed to promoting sustainability and fostering equitable partnerships within the community, The Body Shop, a British-born international ethical beauty brand, celebrates the rich cultural tapestry of India through innovative store design concepts…
- Ushodaya Enterprises Invests in FlexiCloud for Retail Cloud Solutions 29 April 2024, indianretailer.com Ushodaya Enterprises Private Limited, a food production company based in Hyderabad and a notable part of the Ramoji Group, has announced a strategic investment in FlexiCloud Internet Private Limited, a prominent provider of managed cloud hosting solutions based in Kochi, marking its expansion into Kerala, India…
- Kate Spade Teams Up With Disney for Snow White Collection Debut 29 April 2024, indianretailer.com Kate Spade New York, an American fashion house, has recently announced the launch of its new Disney-inspired collection “Snow White.” The new launch adds a touch of whimsy and magic to everyday accessories…
- Laneige Collabs With Gul Jaipur For Exclusive Sleep Mask 29 April 2024, indianretailer.com Laneige has announced its latest launch “Bouncy and Firm Sleeping Mask” in collaboration with Gul Jaipur, known for its artisanal craftsmanship empowering women artisans…
- Kylie Cosmetics Brings Exclusive Collection in India 29 April 2024, indianretailer.com Kylie Cosmetics, the renowned beauty brand founded by Kylie Jenner, is set to debut in India, marking a significant step in its global expansion. Teaming up with House of Beauty, a leading omnichannel beauty..
- Conscious Chemist Sets the Bar High in the Skincare Industry via Transparency 29 April 2024, indianretailer.com In the beauty industry, terms like “natural” and “organic” have gained significant traction, appealing to consumers who prioritize traditional skincare approaches. However, amidst these labels lies a complex landscape where understanding product compositions can be challenging…
- Anant Raj’s net profit up 73.43% in Q4 FY24 27 April 2024, realty.economictimes.indiatimes.com Anant Raj’s net consolidated total income stood at Rs 453.12 crore, a growth of 56.31 per cent from Rs 289.89 crore it recorded in the similar quarter last year…
- Nestle India Q4 net up 27% at Rs 934 cr on robust sales growth across product range 27 April 2024, retail.economictimes.indiatimes.com Nestle said its board approved execution of a definitive agreement to form a joint venture with Dr Reddy’s Laboratories. The partners intend to bring together a global range of nutritional health solutions as well as vitamins, minerals and health supplements of Nestle Health Science. The joint venture is expected to become operational in the second quarter of the financial year 2024-25, subject to customary closing conditions, the FMCG firm said…
- Price cuts in India hit Unilever’s growth in soaps, laundry space 27 April 2024, retail.economictimes.indiatimes.com Cheaper soaps and fabric washers have impacted Unilever’s skin cleansing and home care segment growth in India, with the company citing input-deflation benefits for buyers as a key factor. Despite this, India, the second largest market for Unilever, saw a 0.7% expansion with low single-digit volume growth partially offset by price cuts. The company reported flat skin cleansing growth due to a small increase in price offset by volume decline, while global home care grew by 3.1% but with a 1.1% decrease in price growth, driven by fabric cleaning…
- HUL withdraws ‘health’ label from Horlicks, rebrands it as ‘functional nutritional drink’ amid regulatory changes 27 April 2024, retail.economictimes.indiatimes.com Ritesh Tiwari, the Chief Financial Officer of Hindustan Unilever, announced the change during the earnings press conference on April 24. Tiwari emphasized that the shift to the FND label provides a more accurate and transparent description of the category. He highlighted the under-penetration of the FND market, indicating significant growth opportunities…
- E-tailers start tagging ‘health drinks’ as ‘nutrition drinks’ 27 April 2024, retail.economictimes.indiatimes.com Walmart’s Flipkart said the “reclassification” is still a work in progress. “We are already working with the brands on healthy drinks listing directive,” a company spokesperson said…
- Shoprite’s clothing chain UNIQ plans more stores, local sourcing 27 April 2024, retail.economictimes.indiatimes.com Over recent years, Shoprite has been looking for growth in areas such as pet, baby and outdoor products, launching standalone stores including by branching into clothing in 2023 with UNIQ, its apparel brand under its Checkers upmarket grocery chain. But unlike its grocery rivals Pick n Pay and Game and Makro, both owned by Walmart’s Massmart, Shoprite is targeting affluent shoppers with its slightly pricier basic ranges such as jumpers for 369 rand ($19.20), joggers and t-shirts…
- Tata Consumer eyes mid-single digit growth in tea 27 April 2024, financialexpress.com For the March 2024 quarter (Q4FY24), the company’s India beverages, which includes tea, reported flat volume growth and 3% revenue growth versus last year…
- Reckitt beats sales estimates, driven by Dettol, Lysol 27 April 2024, retail.economictimes.indiatimes.com Consumer companies from Reckitt to Nestle have invested heavily in product innovation to win back shoppers who had turned to cheaper brands during the COVID-19 pandemic and more recent cost-of-living crisis. They hope improvements to existing products will allow them to raise prices without taking a hit on sales volumes. Reckitt’s other products include Nurofen tablets, cold remedy Lemsip and Durex condoms…
- Philip Morris results beat estimates on demand for heated tobacco sticks 27 April 2024, retail.economictimes.indiatimes.com The Marlboro maker’s flagship heated tobacco device IQOS, expected to launch in the United States in the second quarter, has been a driving force behind its effort to make more money from alternatives to traditional cigarettes. Shipments of PMI’s IQOS units grew by 20.9% to 33.1 billion in the first quarter, compared with a 6.1% rise in the preceding quarter. PMI had forecast first-quarter shipments of between 31 billion and 32 billion sticks…
- Mamaearth parent bets on made-for-India goods in world’s fastest growing beauty market 27 April 2024, retail.economictimes.indiatimes.com Honasa Consumer is a leader in a bounty of new personal-care niche brands challenging global giants in India, according to Redseer Management Consulting Pvt..
- Decathlon India appoints Sankar Chatterjee as CEO 27 April 2024, retail.economictimes.indiatimes.com According to Chatterjee’s LinkedIn profile, he resumed the role of the company CEO in February 2024. Chatterjee who has been associated with the brand for over 13 years, earlier held the position of Country Digital Leader for Decathlon Sports India…
- Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore 27 April 2024, retail.economictimes.indiatimes.com On a standalone basis, Lenskart has been profitable, and reported a net profit of Rs 138 crore in FY23, a 25-fold jump from the previous fiscal. Standalone operating revenue stood at Rs 2,375 crore…
- Blinkit contributes more to Zomato’s market cap than its food delivery biz: Goldman Sachs 27 April 2024, retail.economictimes.indiatimes.com Blinkit boosts Zomato’s value surpassing its food delivery business. Blinkit’s implied value is Rs 119 per share, while Zomato’s food delivery business is valued at Rs 98 per share…
- Tata’s Trent to outshine Indian peers as low-priced apparel attract young buyers 27 April 2024, retail.economictimes.indiatimes.com In comparison, peers have been forced to raise prices to counter higher costs, with shoe chain Metro Brands even taking footwear below 1,000 rupees off its shelves. The price hikes are an even bigger dampener on sales, considering consumers remain discerning about their expenses due to sticky inflation. “For Trent, a good performance makes it a star but at the same time the kind of companies it competes with directly or indirectly have been performing poorly,” said Arvind Singhal, chairman at business management consultancy Technopak Advisors…
- Tata Consumer enters vending biz, hits 1,000-machine mark 27 April 2024, financialexpress.com Experts say Tata Consumer’s vending business is expected to be ramped up in FY25, as rival Nestle India announces the launch of its Nespresso brand of coffee and vending machines in India…
- Third Wave Coffee’s FY23 Loss Nearly Quadruples To INR 55 Cr, Sales Zoom Over 350% 27 April 2024, inc42.com Bengaluru-based QSR coffee chain Third Wave Coffee Roasters’ loss nearly quadrupled in the financial year ended March 31, 2023. The startup reported a net loss of INR 54.3 Cr in FY23, an increase of 272% from INR 14.6 Cr in the previous fiscal year…
- Getir mulls sale of shopping platform n11 among options, sources say 27 April 2024, retail.economictimes.indiatimes.com Getir grew rapidly during the COVID-19 pandemic, attracting high-profile investors and reaching a valuation of $12 billion two years ago as it established operations across Western Europe and in the United States…
- Deloitte projects India’s FY25 GDP growth at 6.6 pc 27 April 2024, retail.economictimes.indiatimes.com In its India’s economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services…
- Gurugram Developers Demand Lifting Of Fourth-Floor Policy Ban 25 April 2024, rprealtyplus.com Gurugram developers have taken a dim view of the Haryana Government’s ban on the construction of a fourth floor and a stilt on residential plots introduced in February last year and demanded the moratorium..
- hBits Acquires Grade A Commercial Property In Cybercity Magarpatta 25 April 2024, rprealtyplus.com hBits, a leading fractional ownership platform, has marked its entry in the second largest city of Maharashtra with the acquisition of the 44, 328 square feet campus – CyberCity Magarpatta…
- Macrotech Developers’ net profit dips 10.61% in Q4 FY24 25 April 2024, realty.economictimes.indiatimes.com Macrotech Developers’ net consolidated total income stood at Rs 4,083.90 crore, a growth of 24.83 per cent from Rs 3,271.70 crore it recorded in the similar quarter last year…
- HUL’s net profit dips 1.53% to Rs 2,561 crore in Q4 FY24 25 April 2024, retail.economictimes.indiatimes.com However, the total income during the quarter increased to Rs 15,441 crore in the fourth quarter as against Rs 15,375 crore in the corresponding quarter a year ago, HUL said in a regulatory filing…
- Kering warns H1 operating profit to tumble as Gucci sales fall 25 April 2024, retail.economictimes.indiatimes.com Kering had warned on March 19 that sales over the period were likely to drop by around 10%, dashing hopes it had stemmed sales declines at Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit…
- Heineken sells more beer in Q1, sticks to outlook 25 April 2024, retail.economictimes.indiatimes.com Heineken is focused on restoring volume growth this year, which was hurt in 2023 as it hiked its prices to offset the rising costs of everything from energy to barley…
- BN Group forays into the wellness and fitness oil category with Nutrica; eyes Rs 500 crore revenue in 3 years 25 April 2024, retail.economictimes.indiatimes.com Initially, the brand has built a network of 600 distributors to retail at 50,000 modern and general trade outlets in markets like Delhi, Chandigarh, Mumbai, and Pune, along with quick commerce and e-commerce platforms…
- PepsiCo reports ‘high single-digit’ volume growth in Indian beverage market in Jan-Mar 25 April 2024, retail.economictimes.indiatimes.com PepsiCo’s net revenue in the Africa, Middle East, and South Asia (AMESA) division, which covers the Indian market, went up by 2 per cent to USD 1.04 billion. The growth reflects an “organic volume growth and effective net pricing” and a partial offset of the impact of unfavourable foreign exchange, the company said…
- Mukesh Ambani turns to ‘Wyzr’ to disrupt India’s consumer electronics and home appliances market 25 April 2024, retail.economictimes.indiatimes.com The company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products built by third parties…
- Toy startup Jammbo looks to open 200 stores in next 3 years; plans international expansion 25 April 2024, retail.economictimes.indiatimes.com Vipin Nijhawan, co-founder and CPO, Jammbo commented, “We want to make India the toy capital of the world by 2030, we aim to elevate India’s status in the global toy market but also inspire a new generation of creators, dreamers, and innovators. With the decreasing imports from China across the world, India can match the quality and cost and become the leader in the toy market.”…
- Toymaker Hasbro’s turnaround efforts help Q1 profit beat, ease sales decline 25 April 2024, retail.economictimes.indiatimes.com The Play-Doh maker has grappled with weakening demand over the past year amid a pullback in discretionary consumer spending and tight inventory planning by mass retailers like Walmart and Target…
- PhonePe’s Pincode exits non-food categories in ecommerce business rejig 25 April 2024, retail.economictimes.indiatimes.com PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network. ..
- Real estate sales to grow 8-10% in FY25: Ind-Ra 24 April 2024, realty.economictimes.indiatimes.com The residential sales registered 25% growth year-on-year for the top eight cities in in 9M FY24, despite price increases and sticky interest-rates, according to India Ratings and Research…
- Mukesh Ambani turns to ‘Wyzr’ to disrupt India’s consumer electronics and home appliances market 24 April 2024, retail.economictimes.indiatimes.com The company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products built by third parties…
- Tata Consumer Products Q4 net profit falls to Rs 212.26 crore; total income up at Rs 3,965.39 crore 24 April 2024, retail.economictimes.indiatimes.com Tata Consumer Products’ total income increased to Rs 3965.39 crore in the fourth quarter ended March 2024 as against Rs 3674.03 crore in the same period of the previous fiscal year. Sunil D’Souza, managing director and CEO of the company said, “We delivered good topline growth of 10 per cent in FY24, but importantly an EBITDA growth of 24 per cent and significant expansion in EBITDA margin.”..
- Reliance Retail’s Smart & Smart Bazaar embrace premiumisation 24 April 2024, retail.economictimes.indiatimes.com The grocery retail chains introduced a range of upscale products, including international delicacies, luxury body mists, and high-end serums, the retailer said in its latest quarterly report…
- PepsiCo reports ‘high single-digit’ volume growth in Indian beverage market in Jan-Mar 24 April 2024, retail.economictimes.indiatimes.com PepsiCo’s net revenue in the Africa, Middle East, and South Asia (AMESA) division, which covers the Indian market, went up by 2 per cent to USD 1.04 billion. The growth reflects an “organic volume growth and effective net pricing” and a partial offset of the impact of unfavourable foreign exchange, the company said…
- Amala Earth goes omnichannel, eyes Rs 100 crore revenue by next fiscal end 24 April 2024, retail.economictimes.indiatimes.com This fiscal, the brand plans to open 3 stores in cities like Mumbai, Bengaluru, and Hyderabad and aims to take the total store count to 15 by investing Rs 4-6 crore by the end of the next fiscal. The ideal store size will vary between 1,500 – 2,000 sq.ft…
- K Raheja Corp to redevelop SOBO Central Mall into luxury residences 24 April 2024, retail.economictimes.indiatimes.com Spread over 1.3 acres in prime Haji Ali locality, the mall is expected to make way for an around 50-storey sea-view superstructure with nearly 250,000 sq ft development potential…
- HairOriginals partners with Naturals Salon to expand its presence across airports and malls 24 April 2024, retail.economictimes.indiatimes.com Looking forward, this year, the hair extensions company HairOriginals aims to expand to more than 50 Naturals Salon locations across India. Further, it is aiming for a 7-8 per cent offline revenue contribution from this partnership by the end of this year, the company told ETRetail…
- ‘Threatned, deceived…’, Zilingo ex-CEO Ankiti Bose files FIR against co-founder, ex-COO 24 April 2024, livemint.com Ankiti Bose, co-founder of and ex-CEO of fashion e-commerce startup Zilingo has reportedly filed a criminal complaint against fellow co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, pressing charges of ‘cheating’, ‘criminal intimidation’, ‘conspiracy’, and ‘harassment’…
- D2C beauty brand Nat Habit crosses Rs 100 crore revenue in FY24; eyes profitability in next 18 months 24 April 2024, retail.economictimes.indiatimes.com Going ahead, Nat Habit is aiming to be EBITDA profitable over the next 17-18 months. Presently, 55 per cent of the brand’s revenue comes from its own D2C site and the balance comes from e-commerce marketplaces. The brand is seeing 30 per cent of its business come from smaller cities and tier-2 markets. Additionally, it is aiming to reach an ARR of Rs 350-370 crore over the next two years. With a presence in tier 1, tier 2, and tier 3 cities, Nat Habit serves nearly 14 lakh customers and ships 15,000 units per day across 35 product lines..
- Beauty brand Indus Valley to invest Rs 40 crore in research and marketing 24 April 2024, retail.economictimes.indiatimes.com Shyam S Arya, founder and CEO, Indus Valley said, “We’re deeply committed to formulating hair care and skincare solutions tailored to Indian conditions, enriching the experience of our Indian customers. Our vision is to craft products that genuinely address concerns and promote awareness about the benefits of adopting organic hair and skincare routines. To expedite this process, we’re expanding our R&D facility.”..
- 83 Land Deals Closed In FY-24 In Top 7 Cities 23 April 2024, rprealtyplus.com ANAROCK data indicates that various developers and entities sealed approx. 101 separate land deals in fiscal year 2023-24, cumulatively accounting for nearly 2,989 acres across the country…
- K Raheja Corp to redevelop SOBO Central Mall into luxury residences 23 April 2024, realty.economictimes.indiatimes.com Spread over 1.3 acres in prime Haji Ali locality, the mall is expected to make way for an around 50-storey sea-view superstructure with nearly 250,000 sq ft development potential…
- RJ Corp’s succession plan finalised; Ravi Jaipuria’s son gets food & beverages business, daughter gets healthcare & education 23 April 2024, retail.economictimes.indiatimes.com RJ Corp runs PepsiCo’s second-largest bottler outside the US, Varun Beverages (VBL), as well as Devyani International (DIL), which is the operator of KFC, Pizza Hut and Costa Coffee outlets in India. Both companies, named after the founder’s children, Varun and Devyani, are listed. The group is also involved in healthcare and education…
- Reliance Retail Q4 Results: Cons PAT jumps 12% YoY; annual profit crosses Rs 10,000 crore mark 23 April 2024, retail.economictimes.indiatimes.com Reliance Retail Q4 Results: Reliance Retail Ventures Limited (RRVL) reported an 11.7% increase in net profit for Q1 2024, crossing Rs 10,000 crore annual profit mark. Revenue was at Rs 67,610 crore with 562 new stores opened…
- Biyanis to launch theatre-style retail outlet ‘Broadway’ at Delhi’s Ambience Mall this June 23 April 2024, retail.economictimes.indiatimes.com The first store is scheduled to open in June this year at Ambience Mall Vasant Kunj. Biyanis plan to open 3 Broadway stores across Delhi, Hyderabad, and Bangalore…
- 47 pc consumers continue to shop for apparel & fashion from offline stores: Report 23 April 2024, retail.economictimes.indiatimes.com The report said that access to digital devices and the internet has enabled the masses to have an online shopping experience irrespective of whether they are living in urban or rural areas. The online shopping experience has started to provide a rich, immersive, and personalised shopping experience to a customer. However, as compared to the overall apparel sales, online sales continue to be a high single-digit percentage…
- Reliance Industries’ new business gets fizz from Campa Cola 23 April 2024, retail.economictimes.indiatimes.com Mukesh Ambani, the chairman and managing director of Reliance, has a penchant for creating humongous businesses with an amazing sweep across the country. While Reliance looks to shape-shift into a decarbonised business empire with a mega green energy and renewables plan, it has already started making waves in its new consumer products business which is being led by his daughter Isha Ambani…
- Flipkart’s supply chain head Hemant Badri to lead quick commerce business 23 April 2024, retail.economictimes.indiatimes.com Flipkart’s quick commerce, led by Hemant Badri, to launch in July with dark stores setup. Potential deals with Zepto and Dunzo didn’t progress. Swiggy integrates Mall with Instamart…
- UAE, Bahrain account for over 85% of India’s plain gold jewellry exports in FY24 23 April 2024, retail.economictimes.indiatimes.com In FY24, India witnessed a significant surge in plain gold jewellery exports, notably to UAE and Bahrain, comprising over 85% of the total, reaching $6,792.24 million. Total gold jewellery exports rebounded by 46.91% in the latter half of the year after a decline in the first half. Chairman of GJEPC, Vipul Shah, credited this growth to pragmatic foreign trade agreements like the India-UAE CEPA…
- AC, fridge & ice cream fly off shelves as summer heat bites 23 April 2024, retail.economictimes.indiatimes.com Demand for air-conditioners, now a must-have in middle class homes, and air coolers has spiked, and there is robust sale of refrigerators…
- Trident Realty Raises Rs 1,200 Cr Through Asset Sales Including Shipra Mall 22 April 2024, rprealtyplus.com NCR-based Trident Realty has raised Rs 1,200 crore through sales of assets, including Shipra Mall in Ghaziabad and a land parcel in Gurgaon, as part of plans to focus on its residential business and exit non-core assets, said people close to the development…
- Hampton Sky Realty Receives Approvals For Commercial Project In Ludhiana 22 April 2024, rprealtyplus.com Hampton Sky Realty Ltd announced receiving government approval for its upcoming 12 Acre commercial project in Ludhiana…
- About 721 acres land deals closed in Jan-Mar, nearly 3,000 acres in FY24: Anarock 22 April 2024, realty.economictimes.indiatimes.com During the entire 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101 land deals, cumulatively accounting for 2,989 acres…
- Oberoi Realty sales bookings down 53% to Rs 4,007 crore in FY24 22 April 2024, realty.economictimes.indiatimes.com In a regulatory filing on Saturday, Oberoi Realty informed that the company sold 228 units worth Rs 1,775 crore in the fourth quarter of the last fiscal year. It sold 4.49 lakh square feet of carpet area…
- Increased scrutiny, red flags bigger risks for FMCG cos 22 April 2024, retail.economictimes.indiatimes.com Product safety concerns in India pose risks for the FMCG industry, impacting companies like Nestle India. Regulatory scrutiny challenges health claims, affecting consumer trust. Social media influencers influence companies’ actions, while the spices category raises new risks for FMCG companies…
- Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries 22 April 2024, retail.economictimes.indiatimes.com The platform fee, which is a per-order flat charge, has been hiked in Zomato’s main markets like National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow. Sources said Zomato services 2.0-2.2 million orders per day, and a Re 1 increase for a large order base could add substantially to the company’s earnings over a quarter…
- We aim to become a Rs 500 crore revenue company in the next 3 years, says Biraja Rout, founder, Biggies Burger 22 April 2024, retail.economictimes.indiatimes.com Homegrown chain Biggies Burger has 8 master franchisees and 82 franchisees. Currently, it has 141 stores out of which 4 are owned by the brand and the rest are owned by the franchisees. By the end of fiscal year 2025-2026, it plans to reach a total of 250 operational stores…
- PepsiCo, Target & P&G top LinkedIn’s list of top retail companies to work for in India 22 April 2024, retail.economictimes.indiatimes.com Other companies included in the list are Victoria’s Secret & Co., H&M Group, Titan Company Limited, Nestlé, Diageo, Unilever, Mondelēz International, Lowe’s Companies, Inc., 7-Eleven, Kering, Alshaya Group, and Tesco…
- Indian wear business slows down in times of fast fashion 22 April 2024, retail.economictimes.indiatimes.com Bestseller is closing its Indian ethnic wear brand Indifusion due to poor sales and shifting consumer trends. The company, known for western brands like Jack and Jones, bought Indifusion during the pandemic but struggled to understand and operate in the Indian wear market. The decline in traditional wear is part of a broader trend, with consumers increasingly choosing versatile, comfortable clothing for multiple occasions. Fusion wear, combining traditional and modern styles, is growing in popularity, driven by factors like the rise of the female workforce and fashion trends…
- Retailers body to seek govt intervention on POCO’s business practices 22 April 2024, retail.economictimes.indiatimes.com The South Indian Organised Retailers Association is planning to approach the central government regarding POCO’s business practices, alleging that the brand avoids supplying phones to mainstream channels. ORA claims that POCO’s approach minimizes spending by favoring online and “illegitimate” channels, neglecting consumer experience and employment generation…
- Women’s fashion brand Rareism looks to open 100 stores in next two years 22 April 2024, retail.economictimes.indiatimes.com Founded in 2016, Rareism is a subsidiary of Radhamani Textiles. In the last 5 years of brand presence, it has seen exponential growth with a 2.5x growth rate in the last financial year of 2023. Looking forward, it plans on continuing the same growth pattern…
- ‘Summer demand for milk strong, yet prices may not turn volatile’ 22 April 2024, retail.economictimes.indiatimes.com After achieving a record turnover of `15,000 crore in 2023-24, Mother Dairy, a subsidiary of the National Dairy Development Board, is aiming to aggressively boost sales in FY25 through new products introduction amid expectations of..
- Clear Premium Water reaches 1600 HoReCa clients in March 2024 22 April 2024, retail.economictimes.indiatimes.com Clear Premium Water has a production capacity of over 50 lakh bottles per day, available at more than 80,000 retail outlets distributed through 1,000 nationwide distributors…
- Apple stores in India get off to a flying start 22 April 2024, retail.economictimes.indiatimes.com Apple’s two company-owned stores in India have achieved significant revenue, each generating between Rs 190-210 crore last fiscal year. The stores, located in Mumbai and New Delhi, have consistently achieved monthly sales of Rs 16-17 crore each since their launch. Apple is now aggressively looking for space to open three more company-owned stores in Pune, Bengaluru, and Noida. The stores have become popular destinations for customers to experience Apple products and receive expert advice, contributing to the company’s growth in India’s smartphone market…
- Rising mercury cranks up the heat in AC market 22 April 2024, retail.economictimes.indiatimes.com Industry fears a shortage with most companies not having enough key components such as compressors in stock to keep pace with demand…
- Sundream Group to invest Rs 250 crore in Noida project 20 April 2024, realty.economictimes.indiatimes.com The newly-announced investment is over and above the first phase investment and the construction for the second phase has begun, according to a statement…
- ABFRL to raise Rs 2500 crore after demerging Madura business into new separate listed entity Aditya Birla Lifestyle Brands 20 April 2024, retail.economictimes.indiatimes.com ABFRL plans to raise Rs 2500 crore by splitting its retail business, creating ABLBL with brands like Louis Phillippe, Peter England, and Sabyasachi. The demerger aims to unlock value and support growth through equity raise…
- Sukhleen Aneja set to exit Good Glamm Group 20 April 2024, livemint.com Sukhleen Aneja, chief executive officer (CEO) of Good Brand Co, part of The Good Glamm Group, is set to leave the company in July after more than two and a half years, marking another significant departure at the direct-to-consumer (D2C) goods company…
- Blaupunkt focusing on offline expansion with premium affordable TVs, opting out 32-inch category 20 April 2024, retail.economictimes.indiatimes.com Observing a shift in the consumer base towards mid-segment TVs over the open price point, Marwah said, “We’ve observed a significant demand for larger screen sizes, with our 55-inch models outselling the more traditional 32-inch options. We have also seen tremendous growth on the e-commerce platform Amazon without the 32-inch category.”..
- Candytoy Corporate to invest Rs 35 crore to set up new manufacturing unit in Indore 20 April 2024, retail.economictimes.indiatimes.com Apart from this, the company is also planning to set up another manufacturing unit in Jebel Ali on the outskirts of Dubai with an investment of Rs 35 crore. It spreads across 10,000 sq. ft. area and will cater to the brands in UAE, Oman, Kuwait, and Saudi Arabia…
- Hygiene brand Pee Safe crosses Rs 100 crore in sales, nears profitability 20 April 2024, retail.economictimes.indiatimes.com Originally launched a decade ago with just one product, a toilet seat sanitizer by Vikas Bagaria, and Srijana Bagaria (husband-wife duo) out of a personal incident, Pee Safe has evolved into a personal hygiene and fast-moving consumer goods (FMCG) brand. In the past six years, the company has diversified its product range to include personal hygiene categories, addressing the needs of girls from puberty to menopause. The portfolio has intimate hygiene products such as reusable pads, tampons, menstrual cups, and more…
- Nordstrom to evaluate founding family’s interest in take-private deal 20 April 2024, retail.economictimes.indiatimes.com The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across the U.S. are grappling with weak sales as sticky inflation and elevated borrowing costs prompt customers to rethink their discretionary spending…
- Retailers report 8% growth in March 2024 20 April 2024, retail.economictimes.indiatimes.com Retail businesses across regions have indicated growth in sales as compared to March 2023 sales level with the highest in South India signaling a growth of 9%, while West India indicated a growth of 8% followed by North and East India signalling a growth of 7% and 6% respectively…
- Mobile makers bet on higher exports to grow 20 April 2024, retail.economictimes.indiatimes.com Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. “The only headroom for growth right now is by increasing exports from India,” said Prachir Singh, senior analyst, Counterpoint Research…
- Padget Electronics signs agreement with Longcheer to manufacture smartphones for global brands with latest technology 20 April 2024, retail.economictimes.indiatimes.com Padget Electronics collaborates with Longcheer for smartphone production. Clients include Xiaomi, Motorola, Samsung. Longcheer, with 28% ODM market share globally, emphasizes quality, innovation, engineering prowess, and customer satisfaction in smart product services…
- Wooden Street expands in Jodhpur with its manufacturing and R&D unit 20 April 2024, retail.economictimes.indiatimes.com Wooden Street’s expansion in Jodhpur will contribute to the local economy, generating 300 job opportunities and fostering skill development in the region, the company said…
- Acqua di Parma Debuts Boutique at The Chanakya in New Delhi 20 April 2024, indianretailer.com Acqua di Parma introduces its inaugural boutique at The Chanakya in New Delhi, marking a significant retail milestone for the luxury brand in India…
- Shark Tank India Star Be U Natural Salon Plans 25 Punjab Salons 20 April 2024, indianretailer.com Be U Natural Salon chain has marked its appearance in Panchkula Sector 20 in Haryana. A special-purpose vehicle (SPV) will be used by the salon chain for the opening of 25 salons in the next 24 months, covering Panchkula, Mohali, and Chandigarh along the entire Punjab…
- How On-Ground Brand Influencers can Shape the Retail Customer Journey 20 April 2024, indianretailer.com The term ‘influencer marketing’ often conjures up glitzy, scripted social media content. Instagram is filled with thousands of micro-influencers, macro-influencers, and everything in between. But what does it really mean to be an influencer?..
- RedTape Partners With EasyEcom as an E-commerce Efficiency Advocate 20 April 2024, indianretailer.com RedTape has announced its joint venture with EasyEcom, marking a pivotal moment for both companies. This collaboration aims to drive efficiency, scalability, and superior customer experience in the dynamic world…
- Levi’s Debuts Diverse Range of Fits with Deepika Padukone 20 April 2024, indianretailer.com As summer arrives, Levi’s introduces a range of new fits, offering close to 15 options for customers in India. From retro-inspired flares to laid-back loose styles and timeless classic straight cuts, Levi’s has something for everyone,..
- Standard Chartered Bank Appoints Cushman & Wakefield For Property Services 19 April 2024, rprealtyplus.com Cushman & Wakefield, a leading global real estate services firm, announces that it has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia..
- Exclusive: Flipkart’s talks to buy majority stake in Zepto falter; quick commerce startup opts for financial investors 19 April 2024, retail.economictimes.indiatimes.com The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the likes of General Atlantic, ADIA, among others…
- Swiggy integrates Mall offering with Instamart 19 April 2024, retail.economictimes.indiatimes.com Swiggy merges Mall with Instamart, following Zepto’s non-grocery sales success. Quick commerce attracts smaller D2C firms due to robust growth in non-grocery categories…
- Agilitas Sports acquires exclusive rights for Lotto in India, Australia 19 April 2024, retail.economictimes.indiatimes.com Agilitas, headed by former Puma India Managing Director Abhishek Ganguly, will buy the brand license from New York investment firm WHP Global and aim to launch the Lotto products in India by early 2025…
- Prices of discretionary products like cars, TVs, phones begin to firm up 19 April 2024, retail.economictimes.indiatimes.com Car manufacturers like Maruti Suzuki, Honda Cars India, Toyota Kirloskar Motor and Kia India have just raised vehicle prices, mostly on fast-moving models, by up to 3% due to increase in commodity costs and adverse forex movement. Other manufacturers are also evaluating such a hike…
- Amazon to push cashierless shopping tech into more third-party stores, while backing off itself 19 April 2024, retail.economictimes.indiatimes.com The online retailer said about 140 stores use the system, known as “Just Walk Out,” which allows customers to scan an app to enter a store and leave with their items without paying at a register. Amazon will more than double that number this year…
- Bling it on! Branded jewellery stores set to mushroom 19 April 2024, retail.economictimes.indiatimes.com In a latest innovation, Nestlé India has collaborated with SOCIAL, India’s favourite neighbourhood café, to test launch MAGGI Professional’s plant-based range…
- Lotus Chocolate Company Q4 FY24 results : profit at ₹1.18Cr, Revenue increased by 433.72% YoY 19 April 2024, livemint.com Lotus Chocolate Company declared their Q4 FY24 results on 16 Apr, 2024. The topline increased by 433.72% & the profit came at ₹1.18cr…
- Danone beats quarterly sales forecasts, heralds end of European price talks 19 April 2024, retail.economictimes.indiatimes.com The maker of Activia yoghurt, Evian water and Aptamil kept its goals for like-for-like 2024 sales growth at between 3% and 5%, with a moderate improvement in recurring operating margin…
- L’Oreal sales rise 9.4% as mass market makeup outshines luxury 19 April 2024, retail.economictimes.indiatimes.com The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March…
- Rise in second-hand smartphone demand prompts brands to prevent unorganised market access 19 April 2024, retail.economictimes.indiatimes.com The demand for second-hand smartphones is on the rise, prompting brands and seller platforms to prevent old devices from reaching the unorganised market. Refurbished smartphone seller ReFit Global anticipates a 16% growth in the industry in 2024, following a 15% growth in 2023. E-commerce platforms and smartphone brands are collaborating with refurbishing companies to sell old devices directly, streamlining the process and preventing leakages…
- Limelight Diamonds Launches Its Store in Kolkata With Ada Sharma 19 April 2024, indianretailer.com Limelight Diamonds has inaugurated its second store in Kolkata in a span of 15 months. This new store has been established in Kankurgachi, Kolkata. The opening of this store was graced by the famous Hindi & Telugu film actress Adah Sharma…
- Godrej Interio Unveils Summer Vibe Sale, Showcasing Custom Furniture Solutions 19 April 2024, indianretailer.com Godrej Interio, a division of Godrej and Boyce and a flagship company of the Godrej Group, has launched its latest campaign, “Summer Vibe Sale,” spotlighting the diverse preferences of customers in their furniture choices…
- Max Fashion Unveils ‘Urban’ Label Targeting Youth Market 19 April 2024, indianretailer.com Max Fashion, a leading fashion conglomerate in India, has recently introduced its newest brand, Max Urban, specifically tailored for the burgeoning youth demographic…
- Uniqlo Introduces New AIRism Collection 19 April 2024, indianretailer.com Uniqlo has unveiled its latest AIRism collection for the 2024 Spring/Summer. The new range is available to shop in online & offline stores. The product will reduce sweat and stuffiness that cause discomfort as the temperature rises…
- Dr. Sanjay Goyal Appointed as Chief Procurement Officer at Foodlink Mumbai 19 April 2024, indianretailer.com Dr. Sanjay Goyal has joined Foodlink Mumbai as a Chief Procurement and Supply Chain Officer. A seasoned leader in procurement and supply chain management, he brings over 25 years of extensive experience across various sectors including hospitality, restaurants, and FMCG…
- UK-based Casual Dining Chain Giraffe Partners with Franglobal for India Expansion 19 April 2024, indianretailer.com Giraffe, a prominent casual dining franchise has unveiled its expansion plan to enter into the Indian market. This strategic move comes through a partnership with Franglobal, a leading firm specializing in international franchising solutions, facilitating the entry and growth of global brands in India and beyond, ensuring success and profitability…
- Chef Beena Noronha Takes Helm at Chrome Asia Hospitality 19 April 2024, indianretailer.com Chrome Asia Hospitality has introduced Chef Beena Noronha as the Corporate Chef specializing in European Cuisine. Beginning her tenure at Gigi, Chef Beena focuses on modernizing traditional dishes…
- Brigade Group Achieved Presales Of Rs 6,013 Cr In FY24 18 April 2024, rprealtyplus.com Brigade Enterprises Limited reported impressive performance and growth across all business segments for the year ended March 31, 2024…
- TARC Limited Achieved Its Highest-Ever Presales In FY2023-24 18 April 2024, rprealtyplus.com TARC Limited, a leading name in the real estate industry, proudly announces its exceptional operational performance for the fiscal year 2023-24. The company has achieved remarkable milestones, showcasing unprecedented growth and surpassing all expectations…
- Reliance Consumer hits it big in 1st year which took rivals decades; co logs sales of Rs 3k cr in FY24 18 April 2024, retail.economictimes.indiatimes.com Reliance Industries’ fast-moving consumer goods (FMCG) company, Reliance Consumer Products (RCPL), clocked ₹3,000 crore sales in FY24, its first full year of operations. Beverage brand Campa Cola contributed ₹400 crore, according to a senior industry executive. The company aims to continue sales growth momentum driven by staples and beverages. RCPL may raise ₹500-₹700 crore this fiscal from its parent company to set up bottling plants for Campa Cola to boost capacity amid supply constraints…
- D2C brands cough up 30-45% commission for a spot on quick-commerce platforms 18 April 2024, retail.economictimes.indiatimes.com Direct-to-consumer (D2C) brands rushing to get listed on quick-commerce platforms are shelling out between 30-45% as commissions, compared to the 10-20% that large, more established FMCG companies pay…
- Tatas in talks to buy stake in Fabindia’s apparel line 18 April 2024, thehindubusinessline.com The Tata group is understood to be in talks with the promoters and shareholders of Fabindia for a stake or outright buy of the ethnic apparel business, sources said…
- AstorMueller will continue to be a multi-brand retailer: India COO 18 April 2024, retail.economictimes.indiatimes.com The company, which began the year with 18 shop-in-shop stores, plans to have a presence in 50 SIS by this quarter end and 70 SIS by March 2025…
- Health and wellness firm Guduchi Ayurveda targets Rs 100 crore revenue in FY25; aims to be present across 10,000 stores by this fiscal end 18 April 2024, retail.economictimes.indiatimes.com Guduchi Ayurveda shared that it has achieved a revenue of Rs 25 crore in FY24 as against the revenue of Rs 17 crore in the previous fiscal. The company’s revenue growth is attributed to its adept navigation of both offline and online markets. Currently, the firm focuses on generating balanced sales contributions, 50 per cent from offline channels and 50 per cent from direct-to-consumer online channels…
- Samsung wants sales worth Rs 10,000 cr from TV biz in India 18 April 2024, retail.economictimes.indiatimes.com Samsung India aims for Rs 10,000 crore television sales in 2024, focusing on premiumization and volume growth. With 90% of TVs locally produced, Samsung plans to lead the market by expanding local manufacturing. New AI-driven TV launches target premium segments, as consumer demand for mid to high-end products rebounds post-Covid…
- DS Group’s Catch Spices crosses Rs 1,000 crore in sales 18 April 2024, retail.economictimes.indiatimes.com The company said Catch has grown 24% year-on-year over the last two years, and has a reach in over seven lakh retail touch points and 1,500 distributors. “We were in metros and mini metros earlier. Now our focus is on second and third tier cities,” Kumar said, adding that the company is looking to push distribution to towns even with a population of a lakh…
- D2C luggage brand Nasher Miles appoints Anil Verma as chief strategy officer 18 April 2024, retail.economictimes.indiatimes.com Prior to joining Nasher Miles, Verma held leadership positions in various multinational companies like Purplle.com, Samsonite, and Delsey Paris. In his role, he will guide the brand’s foray into brick-and-mortar retail, ensuring a seamless customer experience across all touchpoints, as the company said. Verma will oversee the company’s overall strategic direction, encompassing product development, finance, and operations…
- Rakul Preet turns millet entrepreneur 18 April 2024, thehindubusinessline.com Film actress Rakul Preet Singh has become a hospitality entrepreneur by opening her first millet-focussed dine-in restaurant here. She launched ‘Arambam – Starts with…
- Procter & Gamble price hikes thin shoppers’ wallets 18 April 2024, retail.economictimes.indiatimes.com P&G has hiked prices more than 1% for the past nine quarters, bringing a nearly 16% jump in sales over the company’s last three fiscal years. Wall Street expects P&G’s revenues to rise once again, according to LSEG data. But price hikes will make up less of any future sales growth, P&G executives said in prior earnings conference calls…
- Funskool seeks to transform India into global hub for toy manufacturing 18 April 2024, retail.economictimes.indiatimes.com The upgraded facilities in both Unit 1 and 2 of the manufacturing facilities represent a substantial investment in Funskool’s production capabilities, a company statement here said on Wednesday…
- AMRPL Unveils ‘Bon Voyage’ Travel Retail Store at Lucknow Airport 18 April 2024, indianretailer.com AMRPL (April Moon Retail Pvt. Ltd) announces the opening of its concept store ‘Bon Voyage’ at the newly inaugurated Terminal 3 at Chaudhary Charan Singh (CCS) International Airport in Lucknow, both arrival and departure sections…
- The Sleep Company Marks the Opening of Its 75th Store in India 18 April 2024, indianretailer.com The Sleep Company has inaugurated its 75th store in India with its new outlet in Hyderabad. The company previously opened 7 stores in the same city, and this is the 8th edition. Customers can explore an extensive range of products including patented SmartGRID mattresses, smart recliner beds, pillows, office chairs, & recliner sofas…
- LoveChild by Masaba & Shoppers Stop Beauty Collaborate to Elevate Beauty Retail Experience 18 April 2024, indianretailer.com LoveChild by Masaba, the beauty brand conceptualized by Indian fashion designer and actress Masaba Gupta, has unveiled its newest Shop-in-Shop at Shoppers Stop, situated within R City Mall, Ghatkopar…
- SOM Distilleries & Breweries Ltd Appoints Anand Agrawal as CMO, Signals Strategic Expansion Move 18 April 2024, indianretailer.com SOM Distilleries & Breweries Ltd. proudly announces the appointment of Anand Agrawal as its new Chief Marketing Officer, signaling a strategic move to strengthen its market presence…
- Droom Introduces Four Innovative Products Revolutionizing the Used Car Ecosystem 18 April 2024, indianretailer.com Droom has rolled out a set of products curated to revolutionize the used car industry on the occasion of its 10th Founding Day Anniversary…
- Agrimax Foods Introduces a Range of Nutrient-packed Millet-based Baked Delights 18 April 2024, indianretailer.com Agrimax Foods LLP, a certified food solutions company, is thrilled to unveil its latest venture, ‘Bake&Co.’ This innovative brand aims to revolutionize the realm of Millet-based baked products by prioritizing health, nutrition, and exceptional taste…
- Catch Spices Achieves Milestone, Joins Rs 1000 Cr Club 18 April 2024, indianretailer.com Catch Spices, a flagship brand of DS Group, has made headlines by entering the prestigious INR 1000 crore club in the packaged spice industry. With an impressive growth rate of 24 percent in recent years, Catch Spices is now..
- Brigade Enterprises reports 46% increase in sales bookings in FY24 17 April 2024, realty.economictimes.indiatimes.com In a statement, Brigade Enterprises said it has achieved pre-sales of Rs 6,013 crore in FY24 and Rs 2,243 crore in the fourth quarter of FY24 – the highest ever for both in terms of a quarter as well as financial year…
- Kanodia Group acquires 1.74-acre land in Gurugram for Rs 153 crore 17 April 2024, realty.economictimes.indiatimes.com Gautam Kanodia, co-founder of Kanodia Group said, “We plan to generate revenue in excess of Rs 1,000 crore from this project. The project is scheduled to be launched by the end of this year and is expected to be completed within 48 to 60 months.”..
- Sunteck Realty posts 20% rise in sale bookings in FY24 17 April 2024, realty.economictimes.indiatimes.com According to a regulatory filing, Sunteck Realty sale bookings increased 26 per cent to Rs 678 crore in the fourth quarter of last fiscal from Rs 537 crore in the corresponding period of the 2022-23 fiscal…
- Big grocers queue up to put 24Seven in bag 17 April 2024, retail.economictimes.indiatimes.com Godfrey Phillips India had said in an exchange filing on April 12 that it plans to exit the loss-making 24Seven convenience chain “following a detailed review of the company’s retail business division”. The negotiations will hinge on valuation, said one of the persons cited. “The (Modi) group leadership has held talks with groups which have obvious synergies, as of now. The talks are at different stages,” the executive said…
- Zomato introduces ‘large order fleet’ for serving groups of up to 50 people 17 April 2024, retail.economictimes.indiatimes.com “Such large orders were earlier served by multiple regular fleet delivery partners, and the customer experience wasn’t what we really aspired for. These new vehicles should solve most of the problems our customers face while placing large orders on Zomato,” Goyal said in the post…
- Plum Goodness aims for profitability in FY25, eyes product segment revamp 17 April 2024, retail.economictimes.indiatimes.com Mumbai-based beauty and personal care (BPC) brand Plum Goodness plans to introduce new products within the next six months, focusing on segments such as skincare (including cleansers, serums and moisturisers), hair care and make-up, founder Shankar Prasad told ET in an interaction…
- Ayurveda supplements startup Rasayanam eyes Rs 100 crore revenue in FY25 17 April 2024, retail.economictimes.indiatimes.com This year, Rasayanam is looking to focus primarily on offline sales, partnering with pharmacies and ayurvedic doctors. Ayush Aggarwal, founder of the company said, “We are profitable to date and have plans to expand both in our offerings and sales channels.” Moving forward, the firm plans to launch 6 new products that include plant-based multivitamins and chawanprash this year…
- Cipla to acquire Ivia Beaute’s cosmetics, personal care distribution, and marketing business for Rs 130 crore 17 April 2024, retail.economictimes.indiatimes.com This strategic move is aligned with Cipla’s focus on enhancing its consumer healthcare and wellness portfolio, it added. The acquisition will include Ivia Beaute’s brands namely Astaberry, Ikin and Bhimsaini on a worldwide basis, the company said. On the cost of acquisition, Cipla said it will be “Rs 130 crore on the closing date and Rs 110 crore contingent upon achievement of certain financial parameters (milestones) for next 3 years as mentioned in the BTA”…
- Swiss watch brands making time for India 17 April 2024, retail.economictimes.indiatimes.com Despite its 1.4 billion population, India was in 22nd place for Swiss watch exports in 2023, just ahead of Switzerland’s Alpine neighbour Austria…
- Superdry plans to go private as it kicks off rescue plan 17 April 2024, retail.economictimes.indiatimes.com The rescue plan, poised to bring in material cash savings from rent reductions at 39 of Superdry’s 94 stores in Britain, and extend the maturity of loans made under the group’s debt facility agreements, comes as the company grapples with weak demand and a cash crunch…
- Deal activity on the rise in consumer & retail sector 17 April 2024, retail.economictimes.indiatimes.com India’s consumer and retail sector experienced a surge in M&A and private equity deal activity in the March quarter. The sector recorded 102 deals valued at $1.74 billion, with a focus on acquisitions and investments in the food processing and healthy food market segments…
- Polar Bear Opens 137th Store in Hyderabad 17 April 2024, indianretailer.com Polar Bear recently teamed up with MadHawks to promote the launch of their new store in Gachibowli, Hyderabad, marking their 16th outlet in Hyderabad and 137th in India…
- How Unique Appeal of Ayurvedic Cafes is making a Noise in F&B Biz 17 April 2024, retail.economictimes.indiatimes.com This push for healthier eating isn’t just happening in restaurants. Online food businesses like FreshMenu and Grow Fit are popping up to meet people’s demands for food that’s good for them…
- Osteria Opens Its Doors in Noida 17 April 2024, indianretailer.com Osteria, is Noida’s newly designed location blending with the coziness of home. This establishment not only offers genuine Italian fare but also serves as a center for communal gatherings and artistic expression…
- Amit Dash Appointed as Multi-Property Executive Chef at Westin Delhi, Gurgaon 17 April 2024, indianretailer.com The Westin Gurgaon, New Delhi and The Westin Sohna Resort and Spa has appointed Chef Amit Dash as the Multi Property Executive Chef…
- Catering Collective Names Arindam Chakraborty as COO 17 April 2024, indianretailer.com Catering Collective is a prominent division of K Hospitality, has revealed the selection of Arindam Chakraborty as its Chief Operating Officer (COO)…
- BLR Brewing Co. Teams Up with HUFT for Unique Experience 17 April 2024, indianretailer.com Blr Brewing Co. has joined hands with the pet care brand, Heads Up For Tails, to introduce ‘Barks & Brews’ in celebration of National Pet Day…
- Starbucks Unveils Exclusive Mickey and Friends Merchandise 17 April 2024, indianretailer.com Starbucks, in collaboration with Disney, has introduced its latest summer collection, bringing the beloved characters of Mickey and Friends to life in a vibrant array of drinkware and lifestyle accessories…
- Cricket meets Grooming: Phillips Joins Forces with Sunrisers Hyderabad and Kolkata Knight Riders 17 April 2024, indianretailer.com Philips, a global leader in health technology and innovation, announced its partnership with two prestigious Indian Premier League (IPL) teams, Sunrisers Hyderabad (SRH) and Kolkata Knight Riders (KKR), as their official grooming partner for the IPL 2024 season…
- Boldfit X CSK: Elevating Fitness and Style with Exclusive Merchandise Line 17 April 2024, retail.economictimes.indiatimes.com Boldfit, a leading homegrown fitness and sports major specializing in premium apparel, supplements, and fitness accessories, is thrilled to announce its multi-year collaboration with the Chennai Super Kings (CSK) as its Official Merchandise Partner…
- Deepika Padukone’s 82°E partners with Reliance Retail’s Tira to enter into offline beauty market 16 April 2024, retail.economictimes.indiatimes.com With this collaboration with Tira, 82°E is expanding its reach by making its skincare, body care, and men’s range available in Tira stores in select markets across North, West, and South India, the company said in the release…
- Rivpra Formulation enters into D2C space with skincare brand Oteria 16 April 2024, retail.economictimes.indiatimes.com Rivpra Formulation has launched 19 skincare products under Oteria emphasizing the concept of circadian rhythm, and has started selling on online channels including Amazon, Flipkart, and its online D2C platform. Going ahead, it is planning to launch 40-50 products in the next 12-18 months…
- South India’s cooling appliance market heats up; Brands expect double-digit growth 16 April 2024, retail.economictimes.indiatimes.com The overall cooling appliances industry in South India witnessed a growth of around 17 per cent in the last financial year. At the beginning of April, IMD predicted heatwaves along with above-normal maximum temperatures across several states in South India…
- Jewellery chains take a shine to malls as buyers go for brands 16 April 2024, retail.economictimes.indiatimes.com Jewellery shops are becoming a prominent feature in shopping malls in India, as consumers shift towards established retailers. Each mall now has about 8-10 jewellery stores, occupying nearly 5% of total mall space, up from just 1% two years ago. The organised jewellery retail segment has been outpacing other consumer discretionary segments since April 2023, contributing 15-20% of mall revenues despite occupying only about 5% space…
- Lighthouse invests Rs 700 crore in Parsons Nutritionals 16 April 2024, retail.economictimes.indiatimes.com Parsons Nutritionals specializes in the production of a wide array of packaged food and beverages, ranging from cookies and biscuits to chocolates, confectionery, malted beverages, and ready-drink mixes. Swapandeep Mann, promoter and CEO of Parsons Nutritionals, said “On the back of strong tailwinds in the Indian manufacturing sector, we’re focused on doubling down on our capabilities and replicating the deep partnerships with many more premier brands.”..
- LG India expects to cross 2 million unit mark in AC sales this summer 16 April 2024, thehindubusinessline.com LG Electronics India on Monday said it has recorded order-based sales of one million units of air conditioners in the first 100 days of the calendar year to retail partners, indicating strong demand momentum for the cooling products on the back of scorching temperatures…
- A 2,200 cr Mall of India coming up! 16 April 2024, constructionweekonline.in DLF, a real estate development company, has commenced construction on a new shopping mall in Gurugram, Haryana. The project, part of DLF’s expansion strategy, is estimated to cost around Rs 2,200 crore…
- AMRPL Unveils a Convenient Travel Retail Store ‘Bon Voyage’ at Lucknow Airport 16 April 2024, indianretailer.com AMRPL (April Moon Retail Pvt. Ltd), a domestic travel retail company known for its curated selection of premium liquor and exclusive travel products, has opened its concept store ‘Bon Voyage’ at the newly inaugurated Terminal…
- Rareism Unveils 30th Exclusive Store in India 16 April 2024, indianretailer.com Rareism, the women’s fashion brand by Bengaluru-based fashion retailer The House of Rare, has opened its third outlet in Hyderabad…
- Tech Meets Style: Havells Launches Cutting-Edge BLDC+ Fans 16 April 2024, indianretailer.com Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) Company launched a new campaign, showcasing its commitment to catering to the dynamic consumer requirements with its technologically advanced, energy efficient, and designer range of fans…
- Philips Expands Innovation Footprint in India 16 April 2024, indianretailer.com Royal Philips, a global leader in health technology, has marked the ground-breaking ceremony of a new R&D centre to expand its Healthcare Innovation Centre (HIC) in Pune, Maharashtra, illustrating India’s growing…
- Italian Expat Chef Davide Di Domenico Joins Prego, The Westin Gurgaon New Delhi 16 April 2024, indianretailer.com Prego, the specialty Italian restaurant at The Westin Gurgaon, New Delhi has appointed Chef Davide Di Domenico as its new Chef De Cuisine…
- KFC Global Appoints Pizza Hut Exec as New CFO 16 April 2024, indianretailer.com KFC Global has appointed Alex Barsk (she/her) as their new Chief Financial Officer (CFO), reporting directly to Sabir Sami, KFC Global Chief Executive Officer (CEO), effective June 1, 2024…
- How CSR can Elevate Restaurant Industry further Impacting the Society 16 April 2024, indianretailer.com The food and beverage (F&B) industry is among the world’s fastest-expanding service sectors, boasting an impressive annual growth rate of 7.2 percent.The food service market in India was estimated to be about 70 billion U.S dollars in 2023…
- Nestle Partners with Restaurants to introduce plant based Range 16 April 2024, indianretailer.com In a latest innovation, Nestlé India has collaborated with SOCIAL, India’s favourite neighbourhood café, to test launch MAGGI Professional’s plant-based range…
- Royal Orchid Hotels Expands Presence in East India 16 April 2024, indianretailer.com Strengthening its presence in the eastern part of the country, Royal Orchid Hotels Ltd (ROHL) marked its entry in Odisha with the opening of Regenta Central in the coastal city of Puri…
- AstorMueller Launches Exclusive Sneaker Collection in Collaboration with Myntra 16 April 2024, retail.economictimes.indiatimes.com AstorMueller has launched an exclusive sneaker collection called ‘nu:beat’ in partnership with Myntra. The collection, designed by Johanna Müller, blends elements of music and fashion, rooted in a rich heritage of European shoemaking dating back to 1928…
- 8Mn SqFt Of New Retail Mall Supply Expected In India In 2024 15 April 2024, rprealtyplus.com Cushman & Wakefield report forecasts a significant addition of retail space in 2024, with nearly 8 MSF (million square foot) of mall supply expected to commence operations across the country…
- Kolte-Patil Developers Ltd Records Highest Ever Sales In Q4 15 April 2024, rprealtyplus.com Kolte-Patil Developers Limited leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and full year ended 31st March 2024…
- Bournvita, other brands to lose ‘health drink’ status 15 April 2024, retail.economictimes.indiatimes.com E-commerce sites advised to stop labeling Bournvita as health drink due to undefined food laws. Cadbury faced controversy over sugar content. NCPCR, FSSAI investigated. Issue involved misleading elements in packaging, advertising…
- Inditex to launch Bershka and Zara Home in India this year 15 April 2024, retail.economictimes.indiatimes.com Inditex had launched fast fashion brand Zara in 2010 and premium clothing brand Massimo Dutti eight years ago. Its new offering, Bershka, will pitch it directly against Reliance Retail’s Yousta, which too targets the younger consumer segment…
- Your household shopping bill may not come down soon 15 April 2024, retail.economictimes.indiatimes.com Most consumer goods companies raised prices by more than a quarter in the past two years to offset rising costs under heads such as raw materials, supply chain and energy…
- Smartphone, AC sales spring back in Q4 15 April 2024, retail.economictimes.indiatimes.com Primary sales in Kolkata of smartphones, laptops, ACs, and refrigerators grew 8-12% year-on-year in the January-March period, with notable improvements in demand across entry products and rural markets, according to industry insights…
- How drinking less but drinking better is shaping Indian consumer’s preferences in 2024 15 April 2024, retail.economictimes.indiatimes.com With the market share of the premium or ‘super-premium’ alcohol drinks estimated to grow by 13% by the end of this year, the cohort of consumers who are seeking elevated experiences has expanded. Undoubtedly, factors such as rising affluence and exposure to globalization are major enablers for this premiumisation wave…
- Retail buying in Asia including India fuels gold price momentum: Goldman Sachs 15 April 2024, retail.economictimes.indiatimes.com The report underscores the significant role played by new incremental factors, particularly the surge in accumulation by Central Banks in emerging markets (EM) and increased retail buying in Asian markets including India have led to an increase in gold prices worldwide. Despite expectations of fewer Federal Reserve rate cuts, strong growth trends, and record-breaking equity markets, gold has rallied by 17 percent over the past two months…
- Varun Beverages starts commercial production of carbonated drinks at Gorakhpur facility 15 April 2024, retail.economictimes.indiatimes.com Varun Beverages commences soft drink production in Gorakhpur, introducing new products and expanding capacities. It sees significant revenue contribution from the Indian Subcontinent and African markets, reporting a substantial net revenue in 2023…
- Retail revolution 2.0: Why tier II cities are stealing the show 15 April 2024, retail.economictimes.indiatimes.com As the e-commerce wave surges in India’s Tier II cities, the mix of offline and online shopping heralds a promising future, blending traditional retail with digital innovation. This evolution beckons a future where digital marketplaces become cornerstones of everyday commerce, seamlessly integrating with physical stores. Tier-II cities have recorded a massive surge in retail developments over the last three years…
- CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors of funds 15 April 2024, retail.economictimes.indiatimes.com In India, founders like Sacheti and Bansal are funding domestic funds like Xeed Ventures. The Rs 600 crore fund, with Premji Invest’s backing, invests in startups like Charcoal.inc and Kredit.pe, led by Sailesh Tulshan…
- Apple loses global leadership in phones to Samsung as iPhone shipments drop: report 15 April 2024, retail.economictimes.indiatimes.com According to IDC, global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top phonemaker spot from Apple…
- Commercial AC market has significant growth potential, says president of appliance makers’ body 15 April 2024, retail.economictimes.indiatimes.com “Overall, the commercial air-conditioning market represents a dynamic and evolving segment with considerable growth potential, driven by ongoing urbanisation trends and the imperative for energy-efficient, smart, and customisable HVAC solutions,” Vachani said…
- Kalyan Jewellers Records 34 pc Revenue Growth, Opens 10 New Stores in Q4 15 April 2024, indianretailer.com Kalyan Jewellers has reported robust quarterly numbers with a 34 percent YoY growth in consolidated revenue in the January-March quarter…
- Royaloak Furniture on Expansion Spree, Launches 168th Store in Assam 15 April 2024, indianretailer.com Royaloak Furniture, India’s furniture brand, has further solidified its presence in Tamil Nadu with the inauguration of a new store in Tiruvallur. With this, the brand marks an impressive 168th store opening in the country…
- Jewelry Brand Zavya Names Ravi Malani as New COO & Co-Founder 15 April 2024, indianretailer.com Zavya has announced the appointment of former Snapdeal senior leadership team member, Ravi Malani, as its new co-founder. The appointment demonstrates Zavya’s resolve to supplement its diverse spectrum of products and augment its core business…
- India Retail Landscape Set for a Recast with AI-Powered Engagement 15 April 2024, indianretailer.com It is no longer about neon lights and fancy storefronts that dictate the footfall into the retail store, the digital window dressing is the real lure. The pandemic has permanently shifted a chunk of the retail traffic to the digital channel and charted an evolutionary path like never before…
- The Growing Case of Millet-Based Breakfasts among Seekers of Nutrition 15 April 2024, indianretailer.com In the ever-evolving landscape of nutritional trends, one remarkable shift has been the growing popularity of millet-based breakfast options among health-conscious individuals…
- ace Turtle wins Images Award of Excellence for India’s First Fully Digitally Integrated Retailer 15 April 2024, siliconindia.com ace Turtle, India’s leading technology-native retail company, has been honored with the prestigious Images Award of Excellence at the India Fashion Forum 2024, organized by Images Group, India’s foremost retail industry publication…
- Walmart-Owned Myntra CEO on Tech, Storytelling and Staying Ahead of the Fashion Retail Curve 15 April 2024, wwd.com Competition has heightened dramatically since Myntra, one of India‘s first focused fashion ecommerce players, first launched in 2007, was then acquired by etail giant Flipkart in 2014, which in turn saw a majority investment by Walmart two years later…
- PVR INOX Unveils Bengaluru’s Largest Cinema 13 April 2024, rprealtyplus.com PVR INOX, the largest and the most premium cinema exhibitor in India, today announced the launch of Bengaluru’s largest cinema at Phoenix Mall of Asia and its largest cinema in South…
- DLF to invest Rs 2,200 crore to build shopping mall in Gurugram 13 April 2024, realty.economictimes.indiatimes.com “We have started construction work of ‘Mall of India’ in Gurugram. The total size of this mall is 26-27 lakh square feet,” DLF’s Vice Chairman and MD (Rental Business) Sriram Khattar told PTI on the sidelines of a CII conference on the real estate sector…
- Kolte-Patil Developers’ sales up 26% in FY24 13 April 2024, realty.economictimes.indiatimes.com Kolte-Patil Developers’ annual sales volumes stood at 3.92 million sq ft in FY24 as against 3.27 million sq ft, registering a 20 per cent year-on-year growth…
- Kishore Biyani settles lenders’ dues by selling SOBO mall to K Raheja Corp 13 April 2024, retail.economictimes.indiatimes.com The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the country’s first mall, having opened in late 1990s in south Mumbai’s Haji Ali locality…
- Godfrey Phillips to sell 24Seven business, to exit from retail sector 13 April 2024, retail.economictimes.indiatimes.com A decision in this regard was taken following a detailed review of the company’s retail business division and after due consideration of the stakeholders’ feedback, long-term performance, prevailing market conditions of the retail sector and long-term business strategy of the company, it added…
- Beyond Snack eyes geographical expansion with new product launches 13 April 2024, retail.economictimes.indiatimes.com With plans for expansion and new product launches, Beyond Snack is eyeing the Rs 100 crore revenue mark this fiscal year. Manas Madhu, co-founder of the company said, “As ours is an impulse-buying product, our visible presence on the retail shelf adds a lot of value. Hence, distribution and retail visibility will be the key focus in achieving the revenue goals.”..
- Blinkit to deliver Lenskart products in 10 minutes 13 April 2024, retail.economictimes.indiatimes.com “Blinkit customers can now get Lenskart.com products in 10 minutes. Starting with delivering sunglasses and their Hustlr range (Computer Glasses). Curious to see how Hustlr evolves as a brand over time,” the post read…
- Price surge dampens demand for jewellery: Senco Gold 13 April 2024, retail.economictimes.indiatimes.com In the last 30 days, the gold price has jumped about 10 per cent, and in the last six months, it has become costlier by 23-25 per cent. This sharp volatility has hit retail buying sentiment. Eid, Bengali New Year, Akshay Tritiya, and regional New Year festivities are expected to help bring demand into stores…
- Retail inflation eases to five-month low in March 13 April 2024, retail.economictimes.indiatimes.com Annual retail inflation in March was 4.85%, lower than 5.09% in February, and below the 4.91% forecast by a Reuters poll of 50 economists…
- Picky consumers jilting big brands are Unilever India’s new risk 13 April 2024, retail.economictimes.indiatimes.com India’s elite classes are becoming pickier consumers, fueling the success of organic personal-care brands backed by slick social media marketing campaigns. The rise of companies like local upstart Honasa Consumer Ltd, and the inroads made by global names including Estee Lauder Companies Inc. and Clinique Laboratories LLC, is forcing Hindustan Unilever to spend more on product development and advertising…
- Moody’s retains India’s rating with stable outlook; projects over 6% growth in FY25 and FY26 13 April 2024, retail.economictimes.indiatimes.com Moody’s reaffirmed India’s credit rating at Baa3 with a stable outlook, expecting over 6% growth in the next two fiscal years. It cited a balanced credit profile with high growth potential and a stable financing base against high debt and weak affordability. The agency predicted 8% growth in FY24, driven by infrastructure investment and anticipated further growth from private consumption and investment..
- Malls expected to add 8 million sq ft of operational space in 2024 13 April 2024, financialexpress.com Retail leasing is likely to gain added momentum this year, with nearly 8 million sq ft (MSF) of mall supply expected to commence operations across the country, up from 5.95 MSF last year, said real estate services firm Cushman & Wakefield on Friday…
- Demand for industrial & warehousing spaces up 23pc in Jan-Mar across top 19 cities: Report 13 April 2024, retail.economictimes.indiatimes.com The year started on an impressive note, with a strong absorption or leasing of 13.5 million (135 lakh) square feet in January-March 2024 compared to 11 million (110 lakh) square feet in the year-ago period…
- German home appliances maker BSH Hausgeräte GmbH considers India its 2nd largest emerging market 13 April 2024, retail.economictimes.indiatimes.com German home appliances giant BSH Hausgeräte GmbH considers India, alongside Turkey, its second-largest emerging market and a key focus area. With double-digit growth in categories like built-in appliances and dishwashers, BSH eyes sustained growth, aiming for double-digit figures in 2024 amidst the Indian market’s 7-8% growth rate…
- Infinix India CEO emphasizes clear product differentiation amidst smartphone market confusion 13 April 2024, retail.economictimes.indiatimes.com Infinix India CEO Anish Kapoor highlighted the issue of smartphone brands offering similar features, causing confusion among customers. To differentiate, Infinix focuses on clear-cut distinctions for each product. Despite a stagnant market, Infinix saw a 30% year-on-year growth in shipment volumes in 2023, increasing its market share from 2.4% to 3.1%…
- Sleepyhead Launches First Retail Store in India 13 April 2024, indianretailer.com Sleepyhead, a leading D2C lifestyle and innovative sleep solutions brand, has opened its first offline retail store in India. Launched in Banaswadi, Karnataka, this move marks a significant milestone for the e-commerce brand..
- Reliance Retail’s Tira Launched Its Premier Beauty Accessories Line, ‘Tira Tools 13 April 2024, indianretailer.com Tira Beauty, a branch of Reliance Retail, introduced its exclusive label, “Tira Tools,” a premium collection of beauty accessories tailored for today’s discerning consumers…
- Lavie Luxe Launches Exclusive Monogram Collection, Elevating Fashion to New Heights 13 April 2024, indianretailer.com Lavie Luxe, known for its premium fashion offerings, has introduced its latest Monogram Collection, marking a significant step in redefining elegance in fashion accessories…
- TechoSport Debuts Cotflex Fabric for Unbeatable Comfort and Performance 13 April 2024, indianretailer.com TechoSport, an innovator in sportswear, introduces a game-changing advancement in fabric technology: Cotflex. This cutting-edge fabric, developed by TechoSport’s research and development team, marks a significant breakthrough in performance wear…
- Innerwear Brand Bummer Raises Rs 9.25 cr in Pre-Series A1 Funding Round 13 April 2024, indianretailer.com Bummer, a clothing company, has raised 9.25 Crores in a Pre-Series A1 funding round. The funding spearheaded by Gruhas Collective Consumer Fund marks one of its first investments as a fund…
- Piramal Enterprises invests over Rs 500 crore in Puravankara Group’s projects 12 April 2024, realty.economictimes.indiatimes.com The investment encompasses a range of projects, spanning from commercial properties to residential ventures, reflecting a strategic collaboration aimed at bolstering real estate endeavours across multiple regions in India…
- Tata Neu goes live on ONDC F&B in Delhi-NCR, Bengaluru 12 April 2024, retail.economictimes.indiatimes.com Tata Neu, the superapp of Tata Group, also plans to reach more cities in May, sources told ET. ONDC already features two Tata enterprises on the seller side: StarQuick grocery app, and online grocer BigBasket…
- New-gen portfolio accounts for 20% of biz: Rasna Group Chairman Piruz Khambatta 12 April 2024, retail.economictimes.indiatimes.com “The new-generation portfolio, which we launched post covid accounts for 15-20% of our business. However, the conventional portfolio still dominates with 80%. This is for the simple reason that volumes come from mass products,” Khambatta said…
- Reliance’s Tira launches first own label, forays into beauty accessories 12 April 2024, retail.economictimes.indiatimes.com Reliance Retail’s Tira Beauty debuted Tira Tools, a new beauty accessories line featuring Pro Makeup Brushes, Facial Rollers, and Beauty Sponges. The collection caters to professional artists and beauty enthusiasts with ethical, cruelty-free products made from high-quality materials like real jade and quartz. Available online and in-store, Tira Tools aims to revolutionize the beauty industry…
- Bhumi World opens GEBI Business Park in Bhiwandi 12 April 2024, retail.economictimes.indiatimes.com Going ahead, the group is coming up with another retail project – Bhumi World Factory Outlet Mall – spread across 12 acres…
- Non-grocery items deliver bright growth to dark stores 12 April 2024, retail.economictimes.indiatimes.com Quick-commerce platforms like Zepto, Swiggy Instamart and Blinkit are seeing rapid growth in the sale of non-grocery items as they continue to diversify their offerings and enter ecommerce turf…
- Picky consumers jilting big brands are Unilever India’s new risk 12 April 2024, moneycontrol.com The largest consumer company in the world’s most populous nation has provided everyday products from detergent to instant coffee to Indians for decades…
- E-commerce leads in influencer marketing with 27% spend followed by FMCG: Report 12 April 2024, retail.economictimes.indiatimes.com India’s creator economy is thriving, with 2.5-3.5 million creators predominantly engaging on platforms such as Instagram and YouTube. Notably, between 110-170K creators on YouTube are actively monetizing their content, solidifying its position as the leading platform for creator monetization in India…
- Flipkart opens third grocery fulfilment center in Karnataka 12 April 2024, retail.economictimes.indiatimes.com Spread across an area of over 60,000 square feet, the new centre is equipped with a daily dispatch capacity of over 9,000 units per day. With the new unit, Flipkart aims to cater to the rising demand for online groceries across Ballari, Davanagere, Dharwad, Shivamogga, and South and North Goa…
- Amazon sees opportunity to lower costs in fulfillment network, CEO says 12 April 2024, retail.economictimes.indiatimes.com Over the past few months, the company has laid off hundreds of staff in divisions including Amazon Web Services, Prime Video service, healthcare business and Alexa voice assistant unit, extending its massive job cuts over the past two years into 2024…
- FMCG hopes hinge on rains, polls & inflation: Britannia MD 12 April 2024, retail.economictimes.indiatimes.com On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India’s villages contribute nearly 40% of annual FMCG sales…
- Shoppers warming up to DMart again by adding more to their cart 12 April 2024, financialexpress.com DMart is getting back to what it used to do the best – convincing shoppers to add more to her cart. According to the retailer’s Q4FY24 update released last week, its standalone revenue for the period jumped 20% year-on-year to Rs 12,393.46 crore…
- Cola, beverage, ice cream makers expect surge in sales as temp soars 12 April 2024, retail.economictimes.indiatimes.com Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is “optimistic” that its portfolio of brands will continue to delight consumers during the period…
- Ledure Lightings eyes Rs 300 crore revenue in FY 24-25 12 April 2024, retail.economictimes.indiatimes.com The brand has a presence in around 340 cities across India with 600 dealers covering 22,000 retailers…
- OnePlus, Oppo, Xiaomi and other top Chinese smartphone brands are testing GenAI waters on their flagship devices 12 April 2024, retail.economictimes.indiatimes.com “By collaborating with Google to integrate both Gemini and Google Cloud AI into smartphones, and by forming alliances with other industry pioneers for a variety of AI experiences, we are thrilled to ambitiously broaden the scope of mobile AI innovations,” said Nicole Zhang, general manager of AI product for OPPO and OnePlus…
- Heat maps, virtual assistants: Malls ramp up AI use to track business 12 April 2024, retail.economictimes.indiatimes.com Shopping malls keen to know the number of visitors they have, where they are flocking and what services they need are increasingly adopting artificial intelligence (AI), say real estate industry executives and consultants…
- Retail Leasing Expected To Reach 6-6.5 Mn. Sq. Ft. In 2024 11 April 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd., India’s report highlights key trends and projections for the Indian real estate sector this year. According to the report, the estimated leasing in the retail sector is..
- Experion Developers Unveil Its Latest Venture In Noida 11 April 2024, rprealtyplus.com Experion Developers, a fully FDI-funded premium real estate developer and a wholly owned subsidiary of Experion Holdings Pte Ltd, Singapore, is proud to unveil its latest venture in Noida, Uttar Pradesh…
- Gurugram: DTCP removes illegal structures from malls, demolishes three colonies 11 April 2024, retail.economictimes.indiatimes.com In the corridor too, around four to five feet of space was encroached upon by the shop owners. The team first directed all the shopkeepers to move their goods inside and gave a strict warning…
- Cultfit elevates Naresh Krishnaswamy as CEO, Mukesh Bansal takes on executive chairman role 11 April 2024, retail.economictimes.indiatimes.com Naresh Krishnaswamy was previously the head of fitness services at Cultfit. He has been running all key operations at the firm since cofounder and former chief executive Mukesh Bansal moved to Tata Digital as its president. ..
- TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company 11 April 2024, retail.economictimes.indiatimes.com Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands…
- Branded packaged staples regain favor among consumers amid commodity price decline 11 April 2024, retail.economictimes.indiatimes.com This has pushed up the volume or number of units sold growth rate of packaged staples in commodities where prices have fallen as compared to the loose market – in a reversal of trend during FY22 and FY23 when consumers had shifted to loose products due to sky high inflation…
- Dehaat joins B2B agrifood companies in launching consumer brand 11 April 2024, retail.economictimes.indiatimes.com This development comes when venture capital-backed agriculture technology startups are struggling to scale margins on mainstay business and have pared workforces to cut costs…
- Bacardi high on premiumisation of portfolio in India 11 April 2024, retail.economictimes.indiatimes.com According to industry body Confederation of Indian Alcoholic Beverage Companies, alcobev drinks priced over ₹1,000 have grown four times faster than those under ₹500 in calendar 2023. CIABC director general Vinod Giri attributed the increasing trend of premiumisation to a combination of factors. ..
- Retail sector leasing to slow down in 2024 11 April 2024, retail.economictimes.indiatimes.com The sector recorded an all-time high leasing in 2023, taking 7.1 million sq ft across eight cities, which is expected to dip to 6-6.5 million sq ft in 2024, according to CBRE…
- Apple’s India iPhone output hits $14 billion: report 11 April 2024, retail.economictimes.indiatimes.com Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, a Bloomberg report said, citing people familiar with the matter…
- When we are double the size of our turnover today, flashlights and lighting should be more than 50%: Eveready Industries MD 11 April 2024, retail.economictimes.indiatimes.com Suvamoy Saha of Eveready Industries anticipates rapid growth from the lighting and electrical segment. The company aims to double its turnover in the next few years, focusing on premium products and market regulations for continued success…
- Gokyo Extends Mumbai Presence with Thane and Dadar SIS Outlets 11 April 2024, indianretailer.com Gokyo, the renowned Indian label for outdoor clothing and gear, has recently broadened its footprint in the bustling city of Mumbai by inaugurating new Shop-in-Shop (SIS) outlets within Total Sports & Fitness stores at…
- CHARLES & KEITH Unveils Concept 6 Store at Phoenix Mall, Pune 11 April 2024, indianretailer.com CHARLES & KEITH, renowned for its trendy yet accessible designs, has launched its latest concept store at the bustling Phoenix Mall of the Millennium in Pune, India…
- Tribe Amrapali Set to Open 20th Store, Expanding Retail Footprint Across India 11 April 2024, indianretailer.com Tribe Amrapali, a dynamic sub-brand of the renowned House of Amrapali, is making waves in the Indian retail scene with its contemporary and budget-friendly jewelry designs…
- G-SHOCK Opens First Exclusive Store in New Delhi 11 April 2024, indianretailer.com Casio Computer Co. Ltd, headquartered in Japan and the parent company of Casio India, has launched its first Exclusive G-SHOCK Store in New Delhi, marking the sixth addition to its exclusive store network across the country…
- Flipkart Unveils Grocery Fulfillment Center in Visakhapatnam, AP 11 April 2024, indianretailer.com Flipkart, India’s homegrown e-commerce marketplace, has expanded its footprint with the launch of its grocery fulfillment center in Visakhapatnam, Andhra Pradesh, offering next-day grocery deliveries to local consumers…
- Migsun Group to invest Rs 426 crore to develop mixed-use project in Lucknow 10 April 2024, realty.economictimes.indiatimes.com The company will invest Rs 426 crore to develop a mixed-use development featuring retail spaces and studio apartments. The project has also received RERA approval,” the company said in a statement…
- Keystone Realtors Ltd 41% YoY Growth In Pre-Sales For FY2 10 April 2024, rprealtyplus.com Keystone Realtors Limited announced remarkable performance in pre-sales for the FY24. Pre-Sales for Q4FY24 stood at INR 8.43 Bn showing a growth of 37% QoQ and 78% YoY…
- Blue Star aims to gain market share in residential ACs; launches over 100 new models 10 April 2024, retail.economictimes.indiatimes.com Overall, the residential air conditioner market in India stands at around 10 million units as of FY24. Thiagarajan expects the market size to touch 11.5 million units in FY25…
- Malabar Gold & Diamonds surpasses Rs 50,000 crore annual turnover in FY24 10 April 2024, retail.economictimes.indiatimes.com The company aims to open 100 new stores within the next year, along with the addition of 7,000 new employees to its existing workforce of 21,000, reflecting its commitment to inclusive growth. With the strategic expansion plan for India and overseas markets, the brand aims to consolidate its position as a global leader. Beyond its current operations in India, Malabar Gold & Diamonds is set to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir…
- Ghost Kitchens acquires cloud kitchen company The Shy Tiger in an all-cash deal 10 April 2024, retail.economictimes.indiatimes.com With the focus on growing its own company-owned and operated footprint, launching celebrity brands, and foraying into retail stores, Ghost Kitchens aims to achieve annualised revenue of approximately Rs 200 crore in the next 2 years…
- FMCG companies take the TV, radio route to make a splash in 2023 10 April 2024, retail.economictimes.indiatimes.com FMCG ad volumes on TV grew by over 3% in the last calendar year, with strong growth in the second and third quarters of the year. The top 10 advertisers collectively contributed 69% of TV ad volumes, with Hindustan Unilever dominating the list…
- Amazon ties up with local shops for community new year items 10 April 2024, retail.economictimes.indiatimes.com Shops selling home furnishing, kitchen apparels, personal care, computers and peripherals have also joined Amazon for this occasion. The local partner shops of the e-commerce company are located in Kolkata, Howrah, Durgapur, Nadia, Hooghly and Kharagpur. And the orders will be delivered, said Abhishek Jain, head of local shops at Amazon India…
- Snitch sees sales more than doubling in FY24 10 April 2024, financialexpress.com New-age brands such as Snitch have largely benefitted from consumers shifting to domestic brands, when it comes to clothing, beauty and personal care, over the last 3-4 years…
- How Uber Eats blends the ‘TikTok flavour’ into its app 10 April 2024, indianretailer.com Uber Eats introduces a video feature like TikTok/Instagram to showcase restaurant dishes and chefs, aiming to attract customers. This innovative approach has led to increased orders for new dishes, creating a more interactive and engaging food delivery experience…
- Indians are opting for more processed food and restaurant meals 10 April 2024, retail.economictimes.indiatimes.com Urban elite households at the top of the pyramid spent nearly half their food budget on packaged food, restaurant meals and food delivery in FY23 compared with 41.2% over a decade ago, as per the latest data from the Ministry of Statistics and Program Implementation (MoSPI) and ICICI Securities…
- Homegrown startup VilCart surpasses Rs 100 crore revenue mark in March 10 April 2024, retail.economictimes.indiatimes.com “VilCart is growing every day and with this rapid increase, we are marching towards new milestones. We had a 350 per cent increase in our workforce from 2023 to 2024. The vision is to transform Gramin Kirana stores to Gramin Supermarkets where they have access to all the products in the city,” VilCart Rural CEO, Prasanna Kumar C (CPK) said…
- How Tata is putting the roar in the Make-in-India lion 10 April 2024, retail.economictimes.indiatimes.com Tata Group’s strategic moves in high-tech manufacturing, including semiconductor investments and potential Pegatron acquisition, align with India’s Make-in-India program. The Tata Group is poised for significant expansion in technology fields, with plans to inject over $120 billion into emerging business sectors and group focal points such as semiconductors, defense, electric vehicles, and Air India…
- SPPL launches e-commerce platform, aims to do yearly business of Rs 100 cr 10 April 2024, retail.economictimes.indiatimes.com Homegrown consumer electronics player Super Plastronics Pvt Ltd (SPPL) on Tuesday launched its own e-commerce platform with an aim to do a yearly business of Rs 100 crore…
- Why some offline mobile retailers in India are unhappy with Apple 10 April 2024, timesofindia.indiatimes.com India’s offline mobile retailers association — All India Mobile Retailers Association (AIMRA) – seems to be upset with Apple. The trade body has called out Apple India for what it calls “discriminatory pricing”…
- Blue Star Unveils Extensive Lineup of Affordable and Premium Room Air Conditioners 10 April 2024, indianretailer.com Blue Star Limited, a leading name in home cooling solutions, has announced the launch of its latest range of Room Air Conditioners (ACs) tailored for the upcoming summer season…
- United Spirits Expands Portfolio with 15pc Stake Acquisition in Pistola Agave Spirits Brand 10 April 2024, indianretailer.com United Spirits, a prominent player in the alcohol beverage industry, has taken a significant step towards diversification by acquiring a 15 percent stake in Inspired Hospitality, the parent company of Pistola, for Rs 5.65 crore…
- Lifestyle Appoints Ritesh Mishra as Deputy CEO to Drive Retail Innovation 10 April 2024, indianretailer.com In an exciting development for the retail industry, Landmark Group announced the appointment of Ritesh Mishra as the new Deputy Chief Executive Officer (CEO) of Lifestyle. With an impressive 23 years of experience in the…
- How MAXHUB’s Bold Expansion Plan is Reshaping India’s Tech Landscape 10 April 2024, indianretailer.com In a world where connectivity is king and collaboration is key, interactive technology has become the cornerstone of modern communication…
- Gargi by PNGS Goes Nationwide, Lands in Chennai, Shillong, and Kanpur 10 April 2024, indianretailer.com Gargi by P N Gadgil & Sons (PNGS), a leading name in fashion jewelry, has rapidly expanded its reach by launching Gargi Shop-in-Shop (S-I-S) at Shoppers Stop in Chennai, Shillong, and Kanpur within just a week…
- Amazon.in Witnesses 4X Year-on-Year Surge in Consumer Electronics and Personal Computing Customer Visits in Patna 10 April 2024, indianretailer.com In a significant development, Amazon.in has observed a remarkable fourfold increase in customer visits for consumer electronics and personal computing products in Patna compared to the previous year…
- How MAXHUB’s Bold Expansion Plan is Reshaping India’s Tech Landscape 9 April 2024, indianretailer.com In a world where connectivity is king and collaboration is key, interactive technology has become the cornerstone of modern communication. Leading the charge in this digital revolution is MAXHUB, a dynamic player in the..
- Gargi by PNGS Goes Nationwide, Lands in Chennai, Shillong, and Kanpur 9 April 2024, indianretailer.com Gargi by P N Gadgil & Sons (PNGS), a leading name in fashion jewelry, has rapidly expanded its reach by launching Gargi Shop-in-Shop (S-I-S) at Shoppers Stop in Chennai, Shillong, and Kanpur within just a week…
- 7 Strategies for Consumer Durables Brands to Survive and Thrive 9 April 2024, indianretailer.com India, the fifth largest consumer durables market globally, continues to witness robust growth in its consumer durable business. This growth is led by factors such as the growing retail sector, robust real estate developments, increasing disposable incomes, and ongoing technological innovations…
- The Power of Personalization: Customization Trends in Fashion E-commerce 9 April 2024, indianretailer.com In the dynamic world of fashion e-commerce, staying ahead of the curve often means more than just showcasing the latest trends. Today’s consumers are seeking personalized experiences that resonate with their unique style…
- Swiggy Expands to Dal Lake Houseboats 9 April 2024, indianretailer.com Swiggy’s delivery partners will utilize the renowned Shikharas of the city to make deliveries directly to the doorsteps of the houseboats….
- Anardana Launches in Noida 9 April 2024, indianretailer.com Anardana, a restaurant chain known for its creative reinterpretation of traditional Indian dishes has declared the debut of its latest branch in Noida…
- Summer House Café Expands with New Outlet in Goa 9 April 2024, indianretailer.com Summer House Café debuted in central Delhi and has introduced its latest branch in Goa. Summer House is dedicated to transcending genres, cultures, and limitations to craft memorable experiences…
- Pan-Asian Restaurant Megumi Launches in Mumbai 9 April 2024, indianretailer.com Megumi stands as the newest culinary hotspot in Bandra, inviting guests on an exploration of the rich and varied tastes of Asia…
- Flipkart Introduces Bus Booking Feature on App 9 April 2024, indianretailer.com Flipkart is the Indian-origin digital commerce ecosystem has revealed the introduction of bus services within its app. Through partnerships with various state transport corporations and private aggregators, Flipkart will provide users with access to over 1 million bus connections, spanning more than 25,000 routes nationwide…
- Historic Gross Office Leasing In Chennai, Delhi-NCR, Mumbai & Pune 9 April 2024, rprealtyplus.com The markets of Chennai, Delhi NCR, Mumbai and Pune achieved historic gross leasing highs in Q1 2024 (Jan-March) compared to all previous Q1 performances in these cities…
- BOP Group Collaborates With Migsun Group For Rohini Central Mall 9 April 2024, rprealtyplus.com BOP Group, the leading real estate consultancy firm in the Delhi-NCR region with a legacy of over 17 years, is thrilled to announce its strategic collaboration with Migsun Group, one of the fastest-growing real estate conglomerates in Northern India…
- Keystone Realtors reports 41% increase in sales booking in FY24 9 April 2024, realty.economictimes.indiatimes.com The Mumbai-based company sold 1.21 million square feet area last fiscal, up 17 per cent from 1.04 million square feet in the preceding year, according to a regulatory filing…
- Prestige Estates reports 63% increase in sales bookings in FY24 9 April 2024, retail.economictimes.indiatimes.com “Prestige Group achieved a record-breaking sales milestone of Rs 21,040 crore for FY24, marking a growth of 63 per cent year-on-year,”…
- Tata Digital CEO steps up focus on costs, business cohesion 9 April 2024, retail.economictimes.indiatimes.com Simultaneously, Tata Digital’s online pharmacy 1mg is expected to embark on a major offline expansion by opening retail stores where it will sell medicines and offer medical lab testing facilities, people aware of the matter said. The company has approved the plan in a recent board meeting…
- India footwear market to grow to Rs 191K cr by FY28: Report 9 April 2024, retail.economictimes.indiatimes.com Noting the trend of premiumisation, the report said that an emphasis on premiumization would push the premium footwear market share from 47 per cent in FY2021 to 49 per cent by FY2025. Additionally, the consumer price index is expected to increase the prices of footwear, which in turn will lead to the growth of the footwear industry. In the last 3 years, India has seen an average CPI of 5.5 per cent, the report read…
- Signature Global FY24 Pre-Sales Grow 112%; Collections Rise 62% 8 April 2024, rprealtyplus.com Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved its best ever quarterly and..
- Embassy Group Invests In Indiabulls Real Estate Via Preferential Allotment 8 April 2024, rprealtyplus.com Embassy Group, the largest shareholder in Indiabulls Real Estate, has invested Rs 1,160 crore through a preferential allotment of shares and warrants. Of this, 25 per cent is upfront, and the balance will be invested over 18 months…
- Phoenix ARC buys two stressed loans from IIFL 8 April 2024, realty.economictimes.indiatimes.com It has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoenix ARC was the only participant in the open auction, the source said…
- Embassy REIT to acquire business park in Chennai for Rs 1,269 crore 8 April 2024, realty.economictimes.indiatimes.com In a regulatory filing, Embassy REIT informed that it has agreed to purchase Embassy Splendid TechZone (ESTZ), a Grade-A business park, from sponsor Embassy Group for an enterprise value of Rs 1,269 crore…
- P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect 8 April 2024, retail.economictimes.indiatimes.com According to Friday notices from both P&G and product-safety regulators in the U.S. and Canada, the outer packaging meant to prevent easy access to the liquid laundry detergent pods can split open near the zipper track, posing serious risks to children and others who may ingest them, in addition to possible skin or eye injuries..
- Ubuy crosses $12 million revenue in India, expecting a growth of 30% in FY25 8 April 2024, retail.economictimes.indiatimes.com In an interview with ETRetail, Dhari Al Abdulhadi, CTO and founder, at Ubuy said, “We hope to keep this momentum by continually innovating and expanding our offerings. Our sales figures have been wonderful this year. We are very optimistic about Indian market and expecting a growth of 30% in FY24-25.” Abdulhadi further said that the company is heavily investing in marketing and supply channels to enhance the cross-border shopping experience…
- Indian food market’s competitive intensity higher: MTR owner 8 April 2024, retail.economictimes.indiatimes.com Orkla, a Norwegian investment firm, noted similarities in India’s food preferences with some European countries but highlighted the market’s complexity and heightened competition due to the growing popularity of branded spices. Orkla, which owns MTR and Eastern Condiments, emphasizes the importance of understanding regional variations in India,…
- Deep dive into direct selling – with Gautam Bali, MD, Vestige Marketing 8 April 2024, retail.economictimes.indiatimes.com In this episode, Gautam Bali, managing director of Vestige Marketing, shares valuable insights about the growth of the direct selling industry. He talks about the changing trends, challenges, and opportunities within the industry, emphasizing its consistent progress over the years…
- Luxury market in India rides the new wave of affluent buyers 8 April 2024, retail.economictimes.indiatimes.com 2023 was a record year for India’s luxury market. The affluent population in India is expanding rapidly, with the number of high net worth individuals (HNIs) expected to reach 16.5 lakh by 2027, up from 7.9 lakh in 2022. Similarly, the number of ultra-high net worth individuals (UHNIs) could surpass 19,000 by 2027, compared to about 12,000 in 2022, as per Bain’s estimates…
- Amazon India rolls out low-cost, unbranded vertical under Bazaar 8 April 2024, retail.economictimes.indiatimes.com ET first reported on February 21 that Amazon was onboarding sellers to list unbranded products — including apparel, watches, shoes, jewellery and luggage — priced below Rs 600…
- Zavya names Ravi Malani as new COO and Co-founder 8 April 2024, retail.economictimes.indiatimes.com Zavya is projected to commence strategic efforts to enhance the brand identity, foster productive partnerships with celebrities and incorporate a streamlined approach in the omnichannel retailing experience…
- Small pizzerias grab bigger share 8 April 2024, financialexpress.com The pizza market in India appears to be mirroring a trend visible in the fast-moving consumer goods (FMCG) industry, as food inflation and the need for more options drives consumers towards cheaper and new alternatives…
- India’s food processing sector poised to reach $535 billion by 2025-26 8 April 2024, retail.economictimes.indiatimes.com Anita Praveen stresses R&D’s vital role in Indian food processing sector growth at the FICCI event. She highlights the importance of waste management strategies, industry-farmer engagement, and quality control for boosting exports…
- Improving macro-indicators, good monsoon to drive consumer demand for FMCG products 8 April 2024, retail.economictimes.indiatimes.com FMCG industry expects growth driven by improving macro-indicators, good monsoon/rabi crops, rural demand pickup, and international business expansion despite currency challenges, aiming for sustainable profitable growth in medium term…
- Buy Indian, Bye Western: Gen Z embraces the home truth 8 April 2024, retail.economictimes.indiatimes.com The contribution of local brands to total sales of true wireless speakers has shot up to 78% in calendar 2023, compared to 48% in 2020, due to more purchases by youngsters, according to latest numbers from Counterpoint Research. For smartwatches, the researcher said the contribution of local brands to total sales is 95% in 2023, from 38% in 2020…
- India-Singapore bilateral trade grew 18.2% to $35.6 bln in FY 2022-23 8 April 2024, retail.economictimes.indiatimes.com The bilateral trade between Singapore and India saw significant growth in 2022-23, reaching USD 35.6 billion, marking an 18.2% increase from the previous year. T Prabakar, the First Secretary (Commerce) at the Indian High Commission in Singapore, highlighted these figures at the Institute of Company Secretaries of India (ICSI) Third International Conference…
- Voltas AC crosses 2 million unit sales mark in FY24 8 April 2024, retail.economictimes.indiatimes.com The performance was attributed to a consistent demand for cooling products during the year, coupled with a strong offline and online distribution network, and new innovative launches, the Tata Group firm said in a statement. “The company achieved over 2 million AC units during this fiscal 2023-24, the highest ever sale of ACs by any brand in a financial year in India, with a volume growth of 35 per cent,” it added…
- Royaloak Furniture on Expansion Spree, Launches its 168th Store in Tezpur, Assam 8 April 2024, retail.economictimes.indiatimes.com With a network of over 200 immersive retail outlets nationwide, Royaloak has established a robust presence in more than 116 key locations, including Hyderabad, Mumbai, Kolkata, Chennai, New Delhi, Bangalore, Bhopal, Ahmedabad, Guwahati and Kochi…
- Livspace says India business becomes ‘cash flow positive’ on robust revenue growth 8 April 2024, retail.economictimes.indiatimes.com “Our revenue has grown 50 per cent CAGR (compounded annual growth rate) in the past two fiscal years. We have become cash flow positive from October-December quarter of 2023-24 in India business, which is 80-85 per cent of our total revenue,” Livspace, co-founder Ramakant Sharma told PTI…
- Trends in the FMCG Industry for 2024 8 April 2024, indianretailer.com The Fast-Moving Consumer Goods (FMCG) industry is undergoing a transformative phase in 2024, shaped by the aftermath of global events and changing consumer dynamics…
- New Balance Steps into Pune with Debut Store at Phoenix Mall 8 April 2024, indianretailer.com New Balance, the iconic sports footwear and apparel brand, has officially inaugurated its first-ever store in Pune, marking a significant expansion move into one of India’s thriving urban hubs…
- Sai Silks Kalamandir Dazzles with Fine Silver Jewellery Debut 8 April 2024, indianretailer.com Ethnic wear powerhouse Sai Silks Kalamandir Ltd (SSKL) has unveiled its latest venture into the world of fine silver jewelry. Branded as Rasamayi, the new jewelry outlet marks a significant expansion of SSKL’s product range, as announced in a press release on Wednesday…
- Quba Homes Unveils ‘RAW’ Collection: Redefining Modern Luxury Furniture 8 April 2024, indianretailer.com Quba Homes is a bespoke furniture styling studio known for incorporating complex and artistic elements into modern designs. Founded in 2019, they curate furniture inspired by both modern and classical eras, delivering design solutions with an emphasis on quality manufacturing…
- The Green Revolution in Kitchens: Embracing Eco-Friendly Appliances for Sustainable Cooking Experiences 8 April 2024, indianretailer.com An eco-friendly way of living is slowly but surely permeating all facets of our existence. After green buildings and green automobiles, it’s now the turn of kitchen appliances to go green. Enter the era of eco-friendly kitchen appliances…
- Baskin Robbins Dives into Anytime Snacking with New Ice Cream Lineup 8 April 2024, indianretailer.com American ice cream giant Baskin Robbins has shifted gears, now offering more than just dessert options with their latest move into the anytime snacking category…
- Havmor Ice Cream Unveils New Summer Flavors to Beat the Heatwave 8 April 2024, indianretailer.com In anticipation of the scorching summer months, Havmor Ice Cream, a beloved brand under LOTTE Wellfood Co. Ltd, has unveiled a tantalizing range of new ice cream flavors…
- Prestige Group acquires 21 acres land in Bengaluru for Rs 450 crore 6 April 2024, realty.economictimes.indiatimes.com The acquired land will be planned for residential development spanning approximately four million sq ft of developable area, comprising around 1,800 apartments…
- Puravankara achieved sales value of Rs 5,914 crore in FY24 6 April 2024, realty.economictimes.indiatimes.com Puravankara’s quarterly sales value stood at Rs 1,947 crore for Q4 FY24, up by 93 per cent as against Rs 1,007 crore in Q4FY23…
- Macrotech Developers achieves pre-sales of Rs 42.3 billion in Q4 FY24 6 April 2024, realty.economictimes.indiatimes.com During FY24, Macrotech Developers added new projects having cumulative gross development value (GDV) of Rs 203 billion in Mumbai Metropolitan Region (MMR), Pune and Bengaluru, exceeding its guidance of Rs 175 billion…
- HUL may scoop out its not-so-vanilla ice-cream business 6 April 2024, retail.economictimes.indiatimes.com HUL exploring selling ice-cream business after making it a separate unit. Ice-cream requires unique manufacturing and distribution. Market competition includes Magnum, Amul, and Kwality. Unilever focuses on similar segments, aiming to improve gross margins…
- Oppo, Realme and OnePlus to have separate sales operations 6 April 2024, retail.economictimes.indiatimes.com China’s BBK Group, the largest smartphone manufacturer, is breaking its sales structure for three brands, Oppo, Realme, and OnePlus, to de-risk the business under increased government scrutiny. The plan is to allow individual brands to have their own sales and marketing teams, ensuring they are not clubbed together in case of further government action. ..
- High temperatures, stability in input costs boost outlook for dairy brands 6 April 2024, retail.economictimes.indiatimes.com Along with high predicted temperatures, stable raw material costs are contributing to the positive outlook of dairy companies. Last year, brands experienced significant pressure on raw material prices, primarily due to a shortage of cattle in the dairy industry. This year, the prices of dairy ingredients have remained relatively stable. However, rising cocoa prices pose a considerable challenge for companies…
- Wooden Street to invest Rs 200 crore to take store count to 300 6 April 2024, retail.economictimes.indiatimes.com Currently, 80 per cent of products of the brand are crafted in-house at its furniture production facilities that span approximately 15 lakh square feet. Going forward, the brand plans to establish 7 to 8 new warehouses in the next 24 to 36 months…
- Demand trends remained sluggish in March quarter, rural growth picked up: Dabur 6 April 2024, retail.economictimes.indiatimes.com Dabur expects consumption to rise with positive rural growth trends, aided by price rollbacks in staple food. The company anticipates revenue growth, market share gains, and increased branding investments, driven by strong performance across segments and international expansion…
- Quick-commerce platform Blinkit to sell PlayStation 5 6 April 2024, retail.economictimes.indiatimes.com Sony will be launching PlayStation 5 in India on April 5. It was launched in the US in November 2023. This is an attempt by the quick-commerce company to push itself beyond groceries and essentials…
- United Spirits acquires 15% stake in alcobev brand Pistola 6 April 2024, retail.economictimes.indiatimes.com An alcohol beverage company, Pistola is engaged in the business of development, marketing and selling of agave spirits. With this investment, United Spirits aims to strengthen its position in the premium craft segment, it said in the filing…
- Swiggy appoints Suparna Mitra as an Independent Director 6 April 2024, retail.economictimes.indiatimes.com Swiggy appointed Suparna Mitra as an Independent Director, joining Anand Kripalu, Shailesh Haribhakti, and Sahil Barua. With 30 years of experience, she holds degrees from Jadavpur University and IIM Calcutta…
- DMart shares jump 6%, hit 52-week high as company reports 20% YoY rise in Q4 revenue 6 April 2024, retail.economictimes.indiatimes.com Avenue Supermarts reaches a 52-week high on posting a 20% YoY revenue growth. The stock has risen 27% in the past 12 months, largely in line with Nifty’s 29% gains. CLSA, meanwhile, recently initiated coverage on the stock…
- Rise of small regional competitors adversely affect larger FMCG companies 6 April 2024, retail.economictimes.indiatimes.com The FMCG coverage universe is expected to report revenue and volume growth of 2.8 per cent YoY and 3.6 per cent YoY, respectively, in Q4FY24 with a five-year CAGR of 8.8 per cent vs 9.0 per cent in Q3FY24, the brokerage said…
- Pansari Group sees a volume increase of 39% in FY24 6 April 2024, retail.economictimes.indiatimes.com Shammi Agarwal, the Director of Pansari Group, stated, “Despite challenges in international markets, including government regulations affecting wheat flour and rice duties, we remained focused on diversification. By using opportunities in the B2B segment, we initiated HoReCa International for our valued customers and ventured into private-label offerings beyond commodity.”..
- Will still grow SSSG in high single digits in the medium-term, says V-Mart Retail 6 April 2024, cnbctv18.com V-Mart Retail, a Gurugram-based hypermarket chain serving smaller towns, is hopeful of growing same-store-sales-growth (SSSG) in high single digits in the medium term…
- Investor Ashish Kacholia Acquires 17.2% stake in Home-grown Burger Chain Jumboking 6 April 2024, indianretailer.com Ace investor Ashish Kacholia has acquired a 17.2% stake in the popular Indian burger chain Jumboking. Kacholia’s share now makes him the second-largest shareholder in the company. The exact amount of the investment has not been disclosed, but it was made through a secondary market transaction following the exit of Triton Fund, an earlier investor in Jumboking, in 2018…
- AIDU Unveils in Hyderabad 6 April 2024, retail.economictimes.indiatimes.com AIDU, meaning “five” in Telugu and Kannada, redefines culinary excellence by bringing together flavors and dishes from Tamil Nadu, Kerala, Telangana, Karnataka, and Andhra Pradesh in one location…
- CKE Restaurants names Brand Presidents for Carl’s Jr. and Hardee’s 6 April 2024, retail.economictimes.indiatimes.com CKE Restaurants Holdings, Inc. (CKE), parent company of Carl’s Jr.® and Hardee’s®, is announcing the appointment of brand presidents for Carl’s Jr., Hardee’s and International…
- Grand Slam Glamm: Serena Williams Partners with The Good Glamm Group 6 April 2024, indianretailer.com In a strategic move to enter the US market, The Good Glamm Group announced today its joint venture with tennis legend Serena Williams’ cosmetics brand, Wyn Beauty…
- Crowne Plaza Greater Noida Appoints Three New Leaders 6 April 2024, indianretailer.com Ankur Raj has been appointed as the Director of Revenue Management at Crowne Plaza Greater Noida. With over 12 years of experience working with renowned brands like Marriott and Wyndham, Ankur will focus on optimizing revenue generation activities and budget planning…
- Prestige Group acquires 21 acres land in Bengaluru for Rs 450 crore 5 April 2024, realty.economictimes.indiatimes.com The acquired land will be planned for residential development spanning approximately four million sq ft of developable area, comprising around 1,800 apartments…
- Puravankara achieved sales value of Rs 5,914 crore in FY24 5 April 2024, realty.economictimes.indiatimes.com Puravankara’s quarterly sales value stood at Rs 1,947 crore for Q4 FY24, up by 93 per cent as against Rs 1,007 crore in Q4FY23…
- Macrotech Developers achieves pre-sales of Rs 42.3 billion in Q4 FY24 5 April 2024, realty.economictimes.indiatimes.com During FY24, Macrotech Developers added new projects having cumulative gross development value (GDV) of Rs 203 billion in Mumbai Metropolitan Region (MMR), Pune and Bengaluru, exceeding its guidance of Rs 175 billion…
- HUL may scoop out its not-so-vanilla ice-cream business 5 April 2024, retail.economictimes.indiatimes.com HUL exploring selling ice-cream business after making it a separate unit. Ice-cream requires unique manufacturing and distribution. Market competition includes Magnum, Amul, and Kwality. Unilever focuses on similar segments, aiming to improve gross margins…
- Oppo, Realme and OnePlus to have separate sales operations 5 April 2024, retail.economictimes.indiatimes.com China’s BBK Group, the largest smartphone manufacturer, is breaking its sales structure for three brands, Oppo, Realme, and OnePlus, to de-risk the business under increased government scrutiny. The plan is to allow individual brands to have their own sales and marketing teams, ensuring they are not clubbed together in case of further government action…
- High temperatures, stability in input costs boost outlook for dairy brands 5 April 2024, retail.economictimes.indiatimes.com Along with high predicted temperatures, stable raw material costs are contributing to the positive outlook of dairy companies. Last year, brands experienced significant pressure on raw material prices, primarily due to a shortage of cattle in the dairy industry. This year, the prices of dairy ingredients have remained relatively stable. However, rising cocoa prices pose a considerable challenge for companies…
- Wooden Street to invest Rs 200 crore to take store count to 300 5 April 2024, retail.economictimes.indiatimes.com Currently, 80 per cent of products of the brand are crafted in-house at its furniture production facilities that span approximately 15 lakh square feet. Going forward, the brand plans to establish 7 to 8 new warehouses in the next 24 to 36 months…
- Demand trends remained sluggish in March quarter, rural growth picked up: Dabur 5 April 2024, retail.economictimes.indiatimes.com Dabur expects consumption to rise with positive rural growth trends, aided by price rollbacks in staple food. The company anticipates revenue growth, market share gains, and increased branding investments, driven by strong performance across segments and international expansion…
- Quick-commerce platform Blinkit to sell PlayStation 5 5 April 2024, retail.economictimes.indiatimes.com Sony will be launching PlayStation 5 in India on April 5. It was launched in the US in November 2023. This is an attempt by the quick-commerce company to push itself beyond groceries and essentials…
- United Spirits acquires 15% stake in alcobev brand Pistola 5 April 2024, retail.economictimes.indiatimes.com An alcohol beverage company, Pistola is engaged in the business of development, marketing and selling of agave spirits. With this investment, United Spirits aims to strengthen its position in the premium craft segment, it said in the filing…
- Swiggy appoints Suparna Mitra as an Independent Director 5 April 2024, retail.economictimes.indiatimes.com Swiggy appointed Suparna Mitra as an Independent Director, joining Anand Kripalu, Shailesh Haribhakti, and Sahil Barua. With 30 years of experience, she holds degrees from Jadavpur University and IIM Calcutta…
- DMart shares jump 6%, hit 52-week high as company reports 20% YoY rise in Q4 revenue 5 April 2024, retail.economictimes.indiatimes.com Avenue Supermarts reaches a 52-week high on posting a 20% YoY revenue growth. The stock has risen 27% in the past 12 months, largely in line with Nifty’s 29% gains. CLSA, meanwhile, recently initiated coverage on the stock…
- Rise of small regional competitors adversely affect larger FMCG companies 5 April 2024, retail.economictimes.indiatimes.com The FMCG coverage universe is expected to report revenue and volume growth of 2.8 per cent YoY and 3.6 per cent YoY, respectively, in Q4FY24 with a five-year CAGR of 8.8 per cent vs 9.0 per cent in Q3FY24, the brokerage said…
- Pansari Group sees a volume increase of 39% in FY24 5 April 2024, retail.economictimes.indiatimes.com Shammi Agarwal, the Director of Pansari Group, stated, “Despite challenges in international markets, including government regulations affecting wheat flour and rice duties, we remained focused on diversification. By using opportunities in the B2B segment, we initiated HoReCa International for our valued customers and ventured into private-label offerings beyond commodity.”…
- Will still grow SSSG in high single digits in the medium-term, says V-Mart Retail 5 April 2024, cnbctv18.com V-Mart Retail, a Gurugram-based hypermarket chain serving smaller towns, is hopeful of growing same-store-sales-growth (SSSG) in high single digits in the medium term…
- Samsung India’s 70% of appliances sales to come from AI-powered products by 2025 5 April 2024, retail.economictimes.indiatimes.com There is an increasing trend and people are seeing value while buying these connected appliances, said Samsung India Senior Director, Digital Appliances Saurabh Baishakhia. Earlier it was limited to just one category but now with the launch of a new ‘Bespoke’ range of AI-powered products, Samsung is aggressively extending this technology to several other categories, he said…
- MSI plans to reach 50 experiential stores mark in India by 2024 end 5 April 2024, retail.economictimes.indiatimes.com “These exclusive stores feature interactive demo zones and enable both existing, and potential customers a premium experience with a hands-on feel of MSI’s latest product range,” said Leon Chang, sales manager at MSI India…
- Investor Ashish Kacholia Acquires 17.2% stake in Home-grown Burger Chain Jumboking 5 April 2024, indianretailer.com Ace investor Ashish Kacholia has acquired a 17.2% stake in the popular Indian burger chain Jumboking. Kacholia’s share now makes him the second-largest shareholder in the company. The exact amount of the investment has not been disclosed, but it was made through a secondary market transaction following the exit of Triton Fund, an earlier investor in Jumboking, in 2018…
- AIDU Unveils in Hyderabad 5 April 2024, indianretailer.com AIDU, meaning “five” in Telugu and Kannada, redefines culinary excellence by bringing together flavors and dishes from Tamil Nadu, Kerala, Telangana, Karnataka, and Andhra Pradesh in one location…
- CKE Restaurants names Brand Presidents for Carl’s Jr. and Hardee’s 5 April 2024, retail.economictimes.indiatimes.com CKE Restaurants Holdings, Inc. (CKE), parent company of Carl’s Jr.® and Hardee’s®, is announcing the appointment of brand presidents for Carl’s Jr., Hardee’s and International…
- Peush Jain Joins Anarock As MD- Corporate Leasing & Advisory 4 April 2024, rprealtyplus.com Real estate industry veteran Peush Jain with over 22 years of experience in global real estate joined as Managing Director- India, Corporate Leasing & Advisory- Anarock – India…
- Jaipur’s Residential & Commercial Circle Rates Increased By 10% 4 April 2024, retail.economictimes.indiatimes.com With the new financial year starting from April 1, residential and commercial circle rates in Jaipur will increase by 10% which will make registration and stamp duty amounts higher…
- Amazon India’s largest seller Appario sold to Clicktech 4 April 2024, retail.economictimes.indiatimes.com Clicktech acquires Appario, Amazon’s top seller, as Amazon divests stakes to comply with ecommerce norms. Appario becomes Clicktech’s owned subsidiary, part of Amazon’s strategy to expand product offerings on the marketplace…
- Good Glamm strikes JV with Serena Williams for beauty brand launch in US 4 April 2024, retail.economictimes.indiatimes.com The Good Glamm Group and Serena Williams partner to introduce ‘Wyn Beauty by Serena Williams’ in the US market, following in the footsteps of other celebrity-led beauty brands like JLo Beauty and Skims…
- 2024: A space odyssey; hypermarts cut shelf space as Q-comm occupies mindspace 4 April 2024, retail.economictimes.indiatimes.com Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group’s Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor…
- Apparel exports to grow 8-9% in FY2025: ICRA 4 April 2024, retail.economictimes.indiatimes.com “After a nominal decline in revenues in FY2024, ICRA expects the apparel-exporting companies to report a recovery in FY2025 on a lower base, with replenishment of stock in the US and the EU regions,” said Priyesh Ruparelia, vice president and co-group head, corporate sector ratings, ICRA…
- Livpure registers 60 pc growth in FY 23-24 4 April 2024, retail.economictimes.indiatimes.com This fiscal, Livpure is also planning to open 20-25 EBOs across the country in the kitchen appliances category. These EBOs will be managed either by franchise partners or distributors…
- E-commerce leads in influencer marketing spending with 27%, followed by FMCG: Report 4 April 2024, retail.economictimes.indiatimes.com From tracing the genesis of influencer marketing to delving into the psychology underpinning consumer behavior and from analysing the total market size to examining compelling case studies, the report comprehensively illuminates key trends, challenges, and opportunities within the creator economy…
- How Xiaomi and Realme plan to solve their ‘deep online discounts’ problem on Amazon, Flipkart and other websites 4 April 2024, retail.economictimes.indiatimes.com Xiaomi, Realme, and Samsung products sold below MOP online. Retailers warned and penalized by brands. Online platforms contribute 48% of sales. Complaints sent to Xiaomi and Realme. Stocks repurchased to trace back scalpers…
- Limelight Lab Grown Diamonds receives $1 million investment from two top jewellery houses 4 April 2024, retail.economictimes.indiatimes.com Limelight Lab Grown Diamonds received a US$1 million strategic investment to expand brand presence in India, driven by positive customer response and significant sales growth. The company aims for global expansion with a focus on scaling operations…
- Levi Strauss lifts profit forecast on cost savings, less discounts 4 April 2024, retail.economictimes.indiatimes.com “We’re going to be reducing about 15% of our SKUs and really think about expanding in goods that are actually resonating with the consumer,” Singh said. “What’s really resonating these days is the baggier fit, the low, loose assortment.”..
- Swiggy Instamart VP & Head SCM Karan Arora steps down 4 April 2024, retail.economictimes.indiatimes.com Swiggy Instamart’s vice president and head of supply chain management (SCM), Karan Arora, on Wednesday announced his departure from the company after a three-and-a-half year tenure with the firm…
- Avenue Supermarts’ Q4 revenue soars to ₹12,393 crore, stores reach 365 4 April 2024, cnbctv18.com Avenue Supermarts, the parent company of the retail chain D-Mart, has reported a significant surge in standalone revenue for the fourth quarter of the financial year 2023-24…
- ‘Lifestyle companies experiencing subdued demand across product categories’ 4 April 2024, retail.economictimes.indiatimes.com January has been soft, but February was slightly better, benefiting from the wedding season and partly from the extended winter season. Further, the management expects March to be better, due to Holi and Eid celebrations, coupled with election spending…
- Ulta Beauty slumps as CEO warns of lackluster first-quarter demand, drags peers 4 April 2024, retail.economictimes.indiatimes.com “What we’ve seen so far is a slowdown in the total category across price points and segments. That’s a bit earlier and a bit bigger than we thought,” Ulta Beauty CEO David Kimbell told J.P. Morgan analysts during a fireside chat…
- Motorola wants to double its volumes from smartphone sales in 2024, wants to be #3 in India 4 April 2024, retail.economictimes.indiatimes.com Lenovo-owned Motorola aims to double smartphone sales in 2024, targeting a 5% market share from the current 3.5%. Focusing on premiumization, its India business has doubled, with the Edge and Razr series contributing significantly. The company prioritizes online sales but recognizes the need for offline presence. Differentiation through design, partnerships, and AI is emphasized…
- Samsung launches AI-powered home appliances range 4 April 2024, retail.economictimes.indiatimes.com Samsung India introduces AI-powered home appliances with bespoke AI for smarter living, customization, and energy efficiency in the premium market. The range includes refrigerator, air-conditioner, and microwave, all aimed at enhancing user experience…
- Miraggio Launches Empowering ‘Fierce Collection’ – Redefining Style for Modern Women 4 April 2024, indianretailer.com Renowned handbag brand Miraggio unveils its latest innovation, the ‘Fierce Collection’, aimed at empowering dynamic women who balance style and functionality in their daily lives…
- Indian Apparel Exports Set to Surge by 8-9 pc in FY2025 4 April 2024, indianretailer.com The Indian apparel export industry is gearing up for a recovery in the fiscal year 2025. Despite facing challenges in FY2024 due to tepid demand, the industry is expected to bounce back with an estimated 8-9 percent increase in…
- HyFun Foods Launches HyFarm Initiative with Rs. 100 Cr Investment to Revolutionize Fresh Produce Procurement 4 April 2024, indianretailer.com HyFun Foods, the leading exporter of processed fruits and vegetables in India, has unveiled its latest venture: HyFarm. This innovative agricultural procurement and farmer engagement initiative was officially introduced at the HyFun Plant premises in Mehsana, Gujarat, in the presence of MLA Jagdish Vishwakarma and 6,000 farmers…
- Prestige Group Raises Rs 2,001 Cr Investment 3 April 2024, rprealtyplus.com Bengaluru-headquartered realty major – the Prestige Group – has secured an aggregate of Rs 2,001 crore in investment from the Abu Dhabi Investment Authority and Kotak Alternative Investment Fund to finance residential projects across four major cities, the company said in a statement…
- Embassy REIT plans to raise up to $400 million, hires banks: Sources 3 April 2024, realty.economictimes.indiatimes.com Embassy, which manages 45 million square feet (4.18 million square meters) of office parks, has clients including Google, Cisco and IBM who are bolstering their presence in the world’s fifth biggest economy…
- PepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh 3 April 2024, retail.economictimes.indiatimes.com PepsiCo India has planned to invest Rs 1,266 crore in setting up a flavour manufacturing facility in Ujjain, Madhya Pradesh, to expand its beverage production. The plant, scheduled to be operational by early 2026, aims to boost employment and benefit the local economy. The facility will operate on renewable energy, reducing carbon footprint significantly, and prioritize water efficiency with zero liquid discharge technology…
- Ashish Kacholia picks up 17% stake in largest homegrown burger chain Jumboking 3 April 2024, retail.economictimes.indiatimes.com Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder…
- Trying to bring in fresh blood and fresh thinking in VIP, looking at 14% growth, says MD 3 April 2024, retail.economictimes.indiatimes.com VIP Industries, led by Neetu Kashiramka, focuses on regaining lost market share through product enhancements, e-commerce optimization, and market strategy improvements, targeting a significant growth in the luggage industry. Kashiramka says: “From Q4 onwards, it will be double digit growth. So, you will start to see some market share gain starting from Q4 itself.”…
- FMCG sector: Rural demand growth for daily essentials outstrips urban sales 3 April 2024, retail.economictimes.indiatimes.com Rural markets grew 6.5% by volume in both December and January, and by 11.1% in February, according to executives citing NielsenIQ data. Urban markets, in comparison, grew 6.1% in December, 4.7% in January and 8.7% in February, data showed…
- Cold-pressed juice chain The Fresh Press raises pre-series A from Gruhas Collective Consumer Fund 3 April 2024, retail.economictimes.indiatimes.com Currently, the brand operates online operations only in Mumbai via Swiggy and Zomato and will be launching it soon in Hyderabad, Bangalore, Chennai, and Delhi as well and it boasts over 36 stores in 9 cities comprising of 24 shop-in-shops and 12 high-street stores…
- Warner Bros. Discovery elevates Vikram Sharma as Group VP, head of consumer products, APAC 3 April 2024, retail.economictimes.indiatimes.com He will report to Robert Oberschelp, head of Warner Bros. Discovery Global Consumer Products (WBDGCP), and part of Warner Bros. Discovery’s revenue & strategy division helmed by chief revenue & strategy officer Bruce Campbell. Sharma has been with WBD for five years, working and leading teams in consumer products and licensing, ad sales, and partnership roles across multiple territories in the region. Previously, he spent nearly nine years in similar roles with increasing responsibility in India and Southeast Asia with The Walt Disney Company…
- Hair products maker Traya raises Rs 75 crore in funding 3 April 2024, retail.economictimes.indiatimes.com Traya has a range of products to treat issues like hair loss. Before this, the startup has raised about $3 million from investors like Fireside Ventures, Stride Ventures, Kae Capital and Whiteboard Capital…
- Blue Star aims to sell 100,000 smart AC units in FY25 3 April 2024, financialexpress.com Blue Star is targeting the sale of 100,000 smart AC (air-conditioner) units in FY25, a big jump over the 5,000 it sold last year. With this, the company hopes to grow its market share to 15% in FY25 from its current market share of around 13.7%…
- Eureka Forbes appoints Vikas Jayna as chief technology officer 3 April 2024, retail.economictimes.indiatimes.com Before joining Eureka Forbes, Jayna has worked with firms such as Swiggy, OneAssist, Amazon, and InfoEdge India Ltd. On this new role and appointment, he said, “Joining Eureka Forbes as chief technology officer presents an exciting opportunity to leverage technology for enhancing the lives of millions. I look forward to collaborating with the talented team at Eureka Forbes to drive innovation and customer-centric solutions.”..
- The Fresh Press Secures Pre-Series A Funding to Expand Reach in Thriving Cold-Pressed Juice Market 3 April 2024, indianretailer.com Mumbai-based cold-pressed juice chain, The Fresh Press, has secured a substantial Pre-Series A funding round from Gruhas Collective Consumer Fund (GCCF), underlining its commitment to growth and innovation…
- Starbucks Launches First Eco-Friendly Store in India, Earns Top Asia Pacific Accolade 3 April 2024, indianretailer.com Starbucks announced the certification of its first Greener Store in India, while also celebrating being facilitated as the Starbucks ‘Greener Store of the Year’ in Asia Pacific…
- Aditya Birla Fashion and Retail to Split Madura Fashion & Lifestyle into Separate Entity 3 April 2024, indianretailer.com Aditya Birla Fashion and Retail Ltd. (ABFRL) is set to enhance its operational efficiency by vertically demerging its Madura Fashion & Lifestyle business into a separate listed entity. This strategic move aims to create two distinct growth engines, each with a unique capital allocation strategy…
- Wave of Premiumisation is Here to Stay: Tanya Dubash, ED and Chief Brand Officer, GILAC 3 April 2024, indianretailer.com With more than 50 brands associating with Godrej L’Affaire in its sixth edition, the experiential luxury lifestyle platform by Godrej Industries Limited and Associate Companies, received a tremendous response…
- Lee and Suneet Varma Unveil Glamorous Fusion in ‘Denim Beyond Definition’ Collection 3 April 2024, indianretailer.com Lee, the iconic denim brand, has launched its latest signature collection for women, titled “Denim Beyond Definition,” in collaboration with India’s leading couturier, Suneet Varma…
- “India is Undoubtedly a Key Strategic Market for DMCC,” Saeed Al Suwaidi, Director – Agri Commodities, DMCC 3 April 2024, irecwire.com The Dubai Multi Commodities Centre, or DMCC, is a leading global business district that enables trade to and through Dubai. Over 24,000 companies have handpicked DMCC as the place to grow their business…
- Dino Morea Led Juice Brand The Fresh Press Raises Fund from GCCF 3 April 2024, indianretailer.com Cold-pressed juice start-up The Fresh Press has raised an undisclosed amount in pre-Series A funding round from Gruhas Collective Consumer Fund (GCCF), a fund floated by Zerodha cofounder Nikhil Kamath and Abhijit Pai’s VC fund Gruhas in partnership with Collective Artists Network…
- CAARA and PURE HOME + LIVING Unite for Exclusive Experience at Khan Market 3 April 2024, indianretailer.com CAARA and PURE HOME + LIVING (PHL) have unveiled an exclusive collaboration, reshaping the retail and culinary scene in Khan Market. Through their innovative partnership, CAARA’s menu integrates into the lively atmosphere of PHL’s store in Khan Market…
- Radico Khaitan Launches Exclusive Jaisalmer Indian Craft Gin Box Nationwide 3 April 2024, indianretailer.com Radico Khaitan, a prominent Indian Made Foreign Liquor (IMFL) Company has presents the Jaisalmer Indian Craft Gin – The Golden Mirage Limited Edition Box…
- Prestige Group signs Rs 2,001 crore deal with ADIA and Kotak AIF 2 April 2024, retail.economictimes.indiatimes.com Prestige Group will develop projects with gross development value (GDV) of Rs 18,000 crore across four cities – Bengaluru, Mumbai, Goa and the National Capital Region (NCR)…
- Delayed for 12 years, construction of two Unitech projects starts after SC nod 2 April 2024, realty.economictimes.indiatimes.com The move comes after the realtor got the Supreme Court’s permission to start the construction. As many as 1,900 buyers have invested in these two housing projects, which were launched in 2008 and 2009. ..
- Aditya Birla group considers demerger of Madura Fashion & Lifestyle into separate listed company 2 April 2024, retail.economictimes.indiatimes.com Aditya Birla Fashion and Retail Ltd. (ABFRL) announced on Monday its intention to assess the vertical demerger of its Madura Fashion & Lifestyle business from ABFRL into a separate listed company. The decision was made during the Board of Directors meeting, granting authorization to evaluate this strategic move…
- Gold rush to summit sees demand trampled 2 April 2024, retail.economictimes.indiatimes.com Gold prices soar in Kolkata’s Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors…
- Premiumization is driving growth of food chains like KFC, McDonald’s, Popeyes: ICICI Securities 2 April 2024, retail.economictimes.indiatimes.com Brands are tapping premiumization, Chizza by KFC (a pizza prototype); Oven Baked Pasta in PH and Burger Pizza in Dominos (a unique combination) and The Cajun flavour by Popeyes (the first to tap)…
- India one of the biggest if not our biggest opportunity for growth globally: Heineken CEO 2 April 2024, retail.economictimes.indiatimes.com Heineken’s CEO optimistic about India’s beer market, focusing on premium brands and local growth. The company invests in talent and capacity, aiming for category leadership and social relevance in the evolving market landscape. Brink says: “We are investing a lot in creating the premium capacity so that we can make the Heineken brand more available.”..
- India one of the biggest if not our biggest opportunity for growth globally: Heineken CEO 2 April 2024, retail.economictimes.indiatimes.com Heineken’s CEO optimistic about India’s beer market, focusing on premium brands and local growth. The company invests in talent and capacity, aiming for category leadership and social relevance in the evolving market landscape. Brink says: “We are investing a lot in creating the premium capacity so that we can make the Heineken brand more available.”..
- Election merchandise makes ecomm debut ahead of polls 2 April 2024, retail.economictimes.indiatimes.com With Lok Sabha elections approaching, political merchandise is gaining popularity in India, mirroring trends from the US. Ecommerce platforms like Amazon, Flipkart, and Meesho are witnessing increased demand for ‘election clothing’ including t-shirts, caps, and sweatshirts featuring slogans like ‘NaMo Hat Trick’ and ‘Rahul is Hope’…
- Aditya Birla arm charts revival path for Reebok 2 April 2024, financialexpress.com Aditya Birla Fashion and Retail (ABFRL) has been quietly shoring up the retail presence of Reebok, the sportswear brand whose distribution rights it acquired in December 2021 for India and South East Asian countries at an estimated `100 crore from the Authentic Brands Group, Reebok’s new owner…
- Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar 2 April 2024, retail.economictimes.indiatimes.com The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year…
- Is rural India wheeling its way out of demand depression? 2 April 2024, retail.economictimes.indiatimes.com FMCG industry sales, to which rural India contributes 35%, have also seen a small uptick recently. The Indian FMCG industry’s volume grew by 6.4 per cent year-on-year in the October-December quarter with an uptick in consumption that was seen both in urban and rural areas, according to a report by analytics firm NielsenIQ…
- DS Group appoints Atom Network as its creative partners for their dairy business 2 April 2024, retail.economictimes.indiatimes.com DS Group is poised to enter a phase in the dairy industry with its brands, Ksheer and Ovino and the mandate includes creative duties for these brands, focusing on ideas and experiences that will accelerate its position in the market, the company stated in a press release…
- Manufacturing and urban demand may fire up FY25 GDP 2 April 2024, retail.economictimes.indiatimes.com Economists are optimistic about India’s economy, forecasting a 7% growth in FY25 driven by improved manufacturing, farm activity, and robust urban demand. Some expect growth to reach 7.8%, emphasizing the need for meaningful job creation. Factors contributing to this outlook include government focus on capital expenditure, strong service sector momentum, and expectations of a broad-based recovery in rural demand due to a normal monsoon. Challenges such as inflation, restrictive interest rates, and the need for sustainable job creation remain key considerations for the economy’s trajectory…
- Online hyper-local marketplace Inknibs plans to deliver stationery in 60-min across select cities 2 April 2024, retail.economictimes.indiatimes.com “With this expansion, we are excited to connect with even more individuals and families, offering them a curated selection of products that inspire creativity and enrich everyday life,” said Divyanshu Solanki, founder and CEO of the company…
- Luxury revolution sweeping India: What’s fueling the shift in consumer preferences?h 2 April 2024, livemint.com During the 17th century, the tulip, a seemingly ordinary flower, became a symbol of luxury and prestige. This surge in popularity sparked speculative trading, driving tulip prices to unprecedented heights, ultimately culminating in what is now…
- Mumbai Sees 14,400 Property Sale Registrations In March’24 1 April 2024, rprealtyplus.com Mumbai city (area under BMC jurisdiction) in March 2024 recorded registration of 14,411 properties, contributing to a revenue of INR 1,143 Crores (Cr) for the state government…
- Alcoholic beverages, jam among 12 items to get export push 1 April 2024, retail.economictimes.indiatimes.com In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now…
- Navigating the BPC Industry Landscape – with Zairus Master, Honasa Consumer 1 April 2024, retail.economictimes.indiatimes.com In this episode, delving deep into his wealth of experience, Zairus Master, CBO, Honasa Consumer, shares invaluable insights into the dynamic landscape of beauty and personal care in India. From emerging trends to shifting consumer preferences, we uncover the key factors shaping the industry’s trajectory…
- Ecommerce cart is half full as mass market crowds thin 1 April 2024, retail.economictimes.indiatimes.com Ecommerce sales grew 12-15% in Q1, slower than 2023. No major smartphone launches; fashion clearing inventory. Inflation affects online retail. Beauty brands show growth amidst sluggish market. Home furnishing and offline sales grow…
- Beverages corporation rider strips retailers & tipplers of liquor brand choice in state 1 April 2024, retail.economictimes.indiatimes.com TSBCL instructs retailers to pick up pending indents, regardless of brand preference. Depots operate 24/7 due to fiscal year-end. Govt clears Rs 1,000 crore out of Rs 3,500 crore dues. Companies halt stock supply. Consumers may not get desired brands…
- Amrut: Investors want to raise a toast amid single malt whiskey wave and global cheers 1 April 2024, retail.economictimes.indiatimes.com Amrut Distilleries, a key player in the Indian single malt whiskey industry, is seeing increased interest from investors but remains focused on organic growth. With plans to boost exports and expand market share, Amrut aims to capitalise on the rising demand for premium spirits in India…
- Unfazed by slow start, AC industry expects double-digit growth, over 11.5 mn unit sales this season 1 April 2024, retail.economictimes.indiatimes.com Despite a slow start, the sale of air conditioners in India is expected to pick up with manufacturers aiming for double-digit growth to surpass 11.5 million units in 2025. Factors such as a scorching summer forecast, increased disposable income, and new technological advancements are likely to drive sales…
- Phone companies press the crackdown button on deep online discounts 1 April 2024, retail.economictimes.indiatimes.com After complaints from retailer associations, brands including Xiaomi and Realme are repurchasing stocks selling at lower prices to trace back the retailer and distributor and penalise them, according to correspondence between the two parties ET has seen…
- Top 3 Predictions for the Retail Sector in 2024 1 April 2024, indianretailer.com Given the significant developments in 2023, such as the growth of retail media, generative AI, connected TV (CTV), shoppable content, and digitally enabled stores, 2024 is poised to advance even further and facilitate additional disruptions…
- Clinique’s Online Storefront Hits Amazon’s Premium Beauty 1 April 2024, indianretailer.com Several brands under the Estée Lauder Companies umbrella are slated to launch dedicated storefronts on Amazon’s Premium Beauty platform in the United States within the next few months…
- How Local F&B Businesses can Capitalize on the E-commerce Boom? 1 April 2024, indianretailer.com The food and beverage (F&B) industry has always been a vibrant and dynamic sector, deeply ingrained in the fabric of our society. However, the COVID-19 pandemic brought about unprecedented challenges, forcing…
- Blackstone To Assemble US$25 Bn Portfolio Of Indian PE Assets 30 March 2024, rprealtyplus.com Blackstone plans to assemble a US$25 billion portfolio of Indian private equity assets over the next five years, reflecting the South Asian country’s increasing allure to global investors…
- Nearly half of 611 C&D sites in Delhi haven’t installed air quality sensors 30 March 2024, retail.economictimes.indiatimes.com Delhi’s 611 C&D sites lack sensors. Alerts for data absence and high PM10 levels. TERI and ARAI study shows dust pollution’s significant contribution to Delhi’s air pollution…
- Pizza Hut targeting young demographic in India; focus on value offerings 30 March 2024, retail.economictimes.indiatimes.com “We’ve been on an expansion spree, opening the highest number of restaurants in the past two years than we did in the last two decades, and we’re poised to maintain this growth momentum,” Merrill Pereyra, Managing Director, Pizza Hut Indian Subcontinent, said. Currently, the brand operates in over 850 Pizza Hut restaurants across India. Within this network, over 300 restaurants function as Fast Casual Delco (FCD) restaurants, tailored to the fast-paced lifestyles of on-the-go consumers…
- Kiko hits 99% fulfillment rates and doubles Kirana orders 30 March 2024, retail.economictimes.indiatimes.com “ONDC is constantly working with us to improve processes further and keep improving this metric, and also bring multiple hyperlocal logistics partners on the platform to bring delivery speeds on par with Quick Commerce. We are working to fulfill every retailer’s dream of a successful digital footprint,” Alok Chawla, Co-Founder of Kiko Live, said…
- Top jewellery chains shy away from lab-grown diamonds amid lack of consumer interest 30 March 2024, retail.economictimes.indiatimes.com Top jewellery chains like Kalyan Jewellers and Tanishq are hesitant to adopt lab-grown diamonds due to low demand. Despite the growing popularity globally, Indian retailers like Joyalukkas remain cautious about integrating LGDs into their stores…
- Azorte’s Arrival at Vegas Mall Redefines Delhi’s Fashion Retail Scene 30 March 2024, indianretailer.com Azorte, India’s singular fashion NeoStore, is set to make its debut at Vegas Mall, an esteemed shopping and entertainment hub in Delhi. The recent announcement heralded a strategic partnership, marked by the presence…
- Women Driving Innovation in Retail F&B 30 March 2024, indianretailer.com From technology to finance, women entrepreneurs are breaking barriers and carving out their paths to success, contributing significantly to the global economy…
- Clinique’s Online Storefront Hits Amazon’s Premium Beauty 30 March 2024, indianretailer.com Several brands under the Estée Lauder Companies umbrella are slated to launch dedicated storefronts on Amazon’s Premium Beauty platform in the United States within the next few months…
- Bikano Expands Reach with ‘Madras’ and ‘Tasty Saga’ Flavor Mixtures Launch 30 March 2024, indianretailer.com Bikano, a prominent name in India’s snack industry, has set its sights on the southern market with the introduction of its latest offerings – the “Madras” and “Tasty Saga” Flavor Mixtures. This move signifies Bikano’s commitment to catering to diverse regional tastes and exploring new markets…
- Wendy’s Partners with PAR Technology’s Punchh® for Loyalty Program to Engage Customers 30 March 2024, retail.economictimes.indiatimes.com Iconic fast food chain Wendy’s has joined hands with ParTech, Inc. (PAR), a global restaurant technology leader and provider of unified commerce for enterprise restaurants for industry-leading loyalty and offer solution, PAR Punchh®, to advance its already successful loyalty program into the next generation of customer engagement…
- Sacred Cities See Retail Boom As Spiritual Tourism Rises 29 March 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd. report highlights retail chains capitalizing on the surge in spiritual tourism across 14 key cities in India. As more pilgrims and spiritual seekers visit holy cities in India, retail brands…
- Blackstone plans to add $25 billion in India private equity assets over five years 29 March 2024, realty.economictimes.indiatimes.com Blackstone also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai, according to its head of private equity in Asia, Amit Dixit…
- L Catterton Asia sets up India consumer-focused joint venture with former HUL chief Sanjiv Mehta 29 March 2024, retail.economictimes.indiatimes.com L Catterton has formed a joint venture with former Hindustan Unilever chief Sanjiv Mehta to develop a consumer-focused investment vehicle in India. Mehta will become executive chairman of the fund in India from April 4, 2024, and will be involved with L Catterton Asia and its other global fund platforms. Mehta has over 30 years of experience at Unilever, including serving as president of Unilever South Asia and chairman of Hindustan Unilever. ..
- International brands wooing Indian consumers with local collaborations, exclusive collections 29 March 2024, retail.economictimes.indiatimes.com Key sectors such as fashion, homeware, department stores, and luxury are driving this growth. The entry of international brands into the Indian retail landscape has reshaped the dynamics of both malls and high streets. In 2023, total retail leasing in malls alone stood at 4 million square feet, doubling from the previous year. Similarly, leasing in high streets also saw a significant increase, reaching 2.3 million square feet in 2023, said Anshuman Magazine, Chairman & CEO of CBRE’s operations in India, South-East Asia, Middle East & Africa…
- Home decor brand Nestasia looks to turn EBITDA positive in next quarter; eyes offline expansion with large-format stores 29 March 2024, retail.economictimes.indiatimes.com Looking ahead, Nestasia aims to reach a total of 300 stores by 2027, with the first 50 stores being company-owned and operated (CoCo). According to Tracxn, a startup data platform, the brand’s net revenue stood at Rs 35.87 crore (approximately USD 4.57 million) in the previous fiscal year ending in March 2023. In FY22, it achieved a net revenue of Rs 21.8 crore…
- HUL in initial talks for sale of Pureit 29 March 2024, financialexpress.com The country’s largest consumer goods company, Hindustan Unilever, is looking at a potential sale of its Pureit water purifier business, informed sources have told FE, in an attempt to focus on its core FMCG businesses…
- Mamaearth parent Honasa targets Gen Z users with cosmetic brand Staze 29 March 2024, retail.economictimes.indiatimes.com Honasa Consumer diversifies into colour cosmetics with Staze, targeting young consumers with affordable products. The company’s strategic expansion aims to capture a share of the growing beauty market by introducing new brands and categories…
- 45-50% growth in Amul’s summer product categories likely this year: MD 29 March 2024, retail.economictimes.indiatimes.com Amul India navigates cocoa price surge impact by passing on costs to consumers. However, as Amul is still a value for money brand, it would pinch the consumers much. Partnerships with CAMPCO aid cocoa bean producers. Expansion into the US fresh milk market and focus on ice cream and beverage SKUs drive growth expectations of 45-50%…
- Highlights from India Inc On The Move 2024 29 March 2024, retail.economictimes.indiatimes.com The event brought together policymakers, technologists, and industry stakeholders to discuss and deliberate on the future of manufacturing, efficiency enhancement, circular economy, and the sector’s role in India’s GDP growth…
- ONDC records over 30,000 food delivery orders on Holi 29 March 2024, retail.economictimes.indiatimes.com “Last year, total food orders during the Holi month were 3,000 plus and on Holi, it was less than 100 a day. In contrast, this year during the Holi long weekend (Saturday, Sunday and the holiday itself) we clocked more than 30,000 orders every single day,” Shireesh Joshi, the chief business officer of state-backed ONDC told ETRetail…
- Adani Wilmar bets big on branded food, foresees major revenue boost 29 March 2024, thehindubusinessline.com Adani Wilmar is betting big on its food and FMCG portfolio and expects it to contribute a higher share of its overall revenues. The company is also ramping its direct distribution across rural and urban regions…
- In new-age business, market share may not always mean profitability 29 March 2024, retail.economictimes.indiatimes.com India’s FMCG sector is adapting to digital transformation by investing in digital advertising and engaging in direct-to-consumer trends. Legacy companies face challenges from local brands and digital-first startups as market dynamics evolve…
- Home Depot bulks up Pro-business with $18.25 bln deal for building products supplier SRS 29 March 2024, retail.economictimes.indiatimes.com SRS, a portfolio company of private equity firms Leonard Green & Partners and Berkshire Partners, primarily serves Pro-customers including roofers, landscapers and pool contractors. The firm, which raked in $10 billion in revenue in 2023, will operate as an independent unit within Home Depot…
- Holy cities see retail boom as spiritual tourism increases: CBRE 29 March 2024, retail.economictimes.indiatimes.com “Government initiatives to promote tourism and improve connectivity between pilgrimage sites are further boosting this growth. The rise of online retail platforms offering easy access to faith-based products and services is also a key factor,” said Ayushman Magazine, chairman and CEO – India, South-East Asia, Middle East & Africa, CBRE…
- Kanodia Group Forays In Real Estate With Rs 5000 Cr Investment 28 March 2024, rprealtyplus.com In a strategic move, Kanodia Group, a distinguished business conglomerate, has announced its ambitious foray into the real estate sector. The company has unveiled plans to venture into both residential and commercial segments…
- DLF plans to raise Rs 600 crore through issue of debentures to investors 28 March 2024, realty.economictimes.indiatimes.com The Securities Allotment Committee of the Board of Directors of DHDL has approved the allotment of 60,000 NCDs, having face value of Rs 1 lakh each, for an aggregate principal amount of Rs 600 crore on a private placement basis to eligible investors…
- K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai 28 March 2024, realty.economictimes.indiatimes.com The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord…
- Indian Premium League: Premiumisation picks up pace for large consumer goods companies 28 March 2024, retail.economictimes.indiatimes.com More than 70% of the new products launched by India’s largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division’s sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid…
- Chai Sutta Bar launches premium cafe chain Kaffee-La 28 March 2024, retail.economictimes.indiatimes.com The company has launched its first Kaffee-La outlet in Indore. Spread across an area of 4,500 square feet, the store offers premium tea and coffee…
- CCI clears Ranjan Pai’s investment in PharmEasy 28 March 2024, retail.economictimes.indiatimes.com The Competition Commission of India (CCI) has cleared Manipal group chief Ranjan Pai’s investment in online pharmacy PharmEasy, according to the latest filing by the antitrust regulator. An additional investment from 360 One (formerly IIFL) in PharmEasy has also been cleared. Ranjan Pai invests in PharmEasy’s funding with 360 One. API Holdings board seats acquired. Rights issue resolves debt. Monthly burn reduction and strategic direction expected…
- Why Daryaganj and Moti Mahal are fighting over Butter Chicken, Dal Makhani in Delhi court 28 March 2024, retail.economictimes.indiatimes.com A legal dispute between Daryaganj and Moti Mahal escalates as Daryaganj challenges alleged defamatory remarks made by Moti Mahal. Moti Mahal disavows the statements, labeling them as an “editorial perspective”. The lawsuit revolves around the ownership of butter chicken and dal makhani’s origins. Moti Mahal asserts their predecessor’s claim while Daryaganj refutes it. The Delhi High Court awaits clarification in this ongoing culinary battle…
- H&M beats earnings expectations as new CEO plots turnaround 28 March 2024, retail.economictimes.indiatimes.com The Swedish group posted an operating profit of 2.08 billion crowns ($196 million), up from 725 million and well above the 1.43 billion expected by analysts in an LSEG poll…
- Coca-Cola’s largest bottler SLMG appoints Costin Mandrea as CEO 28 March 2024, retail.economictimes.indiatimes.com Costin Mandrea appointed CEO of SLMG Group’s Coca-Cola operations, leading transformation initiatives and enhancing market presence in Uttar Pradesh and Uttarakhand with a bottling franchise…
- Varun Beverages completes acquisition of South African bottler BevCo 28 March 2024, retail.economictimes.indiatimes.com Varun Beverages Ltd acquired South Africa’s BevCo and subsidiaries. BevCo now operates as VBL’s subsidiary. VBL issued a ZAR 1,500 million guarantee for credit facilities. The acquisition expands VBL’s presence in Africa’s largest soft drinks market…
- Annapurna Swadisht acquires mustard oil brand Arati for Rs 28 cr 28 March 2024, retail.economictimes.indiatimes.com “We believe this acquisition presents an exciting opportunity that aligns well with our Company’s overall strategy of strengthening our presence as a formidable player in the packaged food industry in semi-urban and rural markets of India,” said Shreeram Bagla, MD, Annapurna Swadisht…
- Tipplers give a Holi high of over 17crore in booze sales 28 March 2024, retail.economictimes.indiatimes.com Weather conditions resulted in an increased sale of beer cans. Demand of IMFL was also up. While shops remain shut on the day colour is played, the excise department tabulates the demand and supply scenario two days prior to the dry day…
- Morgan Stanley raises India’s GDP growth expectation for FY25 to 6.8% 28 March 2024, retail.economictimes.indiatimes.com The forecast for FY24 GDP stood at 7.9%. “We expect GDP growth to track at around 7% in QE Mar-24 with GVA growth of 6.3% and thus F2024e GDP growth of 7.9%,” the company said in its report. ..
- ace turtle Expands Toys”R”Us Presence with First store in Bengaluru 28 March 2024, retail.economictimes.indiatimes.com ace turtle, a leading technology-native retail company in India, has inaugurated Bengaluru’s inaugural Toys”R”Us store at Bhartiya Mall of Bengaluru. This move is part of ace turtle’s strategic initiative to broaden…
- H&M’s Net Profit Surges in Q1 as Cost Control Measures Pay Off 28 March 2024, indianretailer.com H&M announced a significant increase in net profit for the first quarter, showcasing effective cost management strategies. The Swedish retail giant reported a profit-after-tax of 1.2 billion kronor ($113.3 million) from December to February…
- UNIQLO to Launch UNIQLO / INES DE LA FRESSANGE PARIS Range 28 March 2024, indianretailer.com Global apparel giant UNIQLO has revealed plans to introduce the UNIQLO / INES DE LA FRESSANGE PARIS 2024 Spring/Summer collection in India starting from Friday, April 5. This collection of LifeWear pays homage to the effortless Parisian style of Ines de la Fressange, an emblem of French elegance and a global fashion icon for women…
- Bunny Corset Joins Myntra to Expand Presence in India 28 March 2024, indianretailer.com Bunny Corset, a renowned label specializing in high-quality corsets that seamlessly blend functionality with style, has announced its integration into Myntra, one of India’s leading e-commerce platforms…
- Moira Beauty Launches on Nykaa Platform to Expand Reach 28 March 2024, indianretailer.com Moira Beauty, a brand celebrated for its blend of eastern beauty traditions and western cosmetics expertise, is making strides in the Indian retail sector…
- Krispy Kreme shares jump as US partnership with McDonald’s goes national 28 March 2024, indianretailer.com Krispy Kreme said its donuts would be available across McDonald’s U.S. restaurants by the end of 2026 as the companies expand a pilot project, sending its shares surging 23% on Tuesday…
- Super Restaurant La Mar Makes Debut in Mumbai 28 March 2024, indianretailer.com Super Restaurant, La Mar has made its entrance into Mumbai, promising to revolutionize the dining and entertainment landscape…
- Shraddha Kapoor-backed jewellery startup Palmonas to raise around $3 mn 27 March 2024, retail.economictimes.indiatimes.com “We have been bootstrapped to date. Now, we are in the process of closing our pre-series A round for around 3 million dollars,” Mohadikar said…
- Shopsy says its sellers grew 2X during the annual ‘Grand Shopsy Mela’ 27 March 2024, retail.economictimes.indiatimes.com Talking to ETRetail, Kapil Thirani, Head of Shopsy, Flipkart said that the March edition of the ‘Grand Shopsy Mela’ saw increased seller participation with sellers reporting a 2X surge in growth…
- Chinese e-commerce giant Alibaba’s bumpy restructuring journey 27 March 2024, retail.economictimes.indiatimes.com Alibaba said on Tuesday it would shelve plans to list its logistics arm, the latest twist in the Chinese e-commerce giant’s restructuring efforts since embarking on the biggest shake-up in its history a year ago…
- Myntra turns Ebitda positive aided by rising user base, brand tie-ups 27 March 2024, livemint.com Online shopping platform Myntra on Tuesday claimed that it turned operationally profitable in the last quarter of calendar year 2023, attributing it to an expanding customer base, premiumization, collaborations with both domestic and international brands, and advancements in technological integration…
- Spice maker McCormick beats quarterly results on steady volumes, higher prices 27 March 2024, retail.economictimes.indiatimes.com Demand for McCormick’s hot sauces and other condiments remained steady as the company increased promotions, and took measures to narrow price gaps between its branded products and private label, slowing the pace of volume decline…
- Ocado Retail quarterly sales up 10.6% as it wins more customers 27 March 2024, retail.economictimes.indiatimes.com The business, a 50:50 joint venture between Ocado Group and Marks & Spencer, said on Tuesday retail revenue was 645.3 million pounds ($816.4 million) in its first quarter to March 3, as active customers rose 6.4% to 1.02 million…
- Embracing sustainability: Path for retailers to meet regulatory obligations, create social value, drive brand loyalty 27 March 2024, retail.economictimes.indiatimes.com By integrating sustainability into their business strategies and operations, retailers can unlock new opportunities for growth, innovation, and resilience in an increasingly competitive marketplace. As governments worldwide enact stricter regulations on environmental and social issues, compliance with sustainability standards has become increasingly important for retailers seeking to access global markets…
- Flyrobe Expands Offline Presence in Bangalore 27 March 2024, indianretailer.com Flyrobe has announced the opening of its second franchise store in Bangalore. Situated in Malleshwaram, this new store signifies another step forward in Flyrobe’s mission to transform fashion consumption and availability…
- WoodenStreet Expands Offline Presence with New Store in Mumbai 27 March 2024, indianretailer.com WoodenStreet, a prominent brand in India’s home furniture, décor, and furnishing sector, continues its expansion by inaugurating a new Light Street store in Mumbai. This move aligns with the company’s aggressive growth…
- FabCuro Sets New Benchmark for Home Decor in Bengaluru 27 March 2024, indianretailer.com FabCuro, a highly anticipated destination for refined home decor, has announced the opening of its inaugural store in Indiranagar, Bengaluru. With a strong commitment to sophistication and craftsmanship, FabCuro aims to set new standards in home decor across India…
- GIVA Hits Century Mark with 100th Store Opening 27 March 2024, indianretailer.com GIVA, one of India’s leading direct-to-consumer (D2C) fine jewellery brands, celebrates a significant milestone with the inauguration of its 100th store in India…
- Q-Commerce Set for 40-45 pc GMV CAGR Over Next 3 Years 27 March 2024, indianretailer.com In the dynamic realm of retail and e-commerce, one phenomenon has emerged as a game-changer: the rapid ascent of quick commerce (q-commerce) in India. With its current market size soaring to $2.8 billion, q-commerce…
- Kalamandir Delves into Ethnic Silver Jewellery Retail in India 27 March 2024, indianretailer.com Kalamandir, a leading name in ethnic fashion, is set to introduce its latest offering: ethnic silver jewellery. Responding to the increasing demand for fine silver jewellery, Kalamandir is pleased to announce the launch of a new division under the “Rasamayi” brand…
- Australian Homewear Brand Anko Shuts India Operations 27 March 2024, indianretailer.com Australian homeware brand, Anko, which launched its operations in the Indian market around early 2023, is reportedly ceasing its operations in the country, according to sources familiar with the developments…
- Pioneering Next-Gen Gaming 27 March 2024, indianretailer.com Established over three decades ago, ASUS has carved a niche for itself in the global market, with a steadfast commitment to its core value of “In Search of Incredible.”…
- CII Western Region Elects New Chairperson and Deputy Chairperson for 2024-25 Term 27 March 2024, indianretailer.com The Confederation of Indian Industry (CII) Western Region has announced its new leadership for the year 2024-25, with Swati Salgaocar appointed as Chairperson and Rishi Kumar Bagla as Deputy Chairman…
- Vintage Coffee and Beverages Ltd Expands Global Market Reach 27 March 2024, indianretailer.com Vintage Coffee and Beverages Limited (VCBL) has revealed its ambitious strategies to strengthen its foothold in the global coffee market, unveiling a series of initiatives aimed at boosting production capacity, widening market…
- Myntra’s Market Surge: 33% increase in Monthly Active Users, Reached 60mn by 2023 End 27 March 2024, indianretailer.com Myntra, a prominent destination for fashion, beauty, and lifestyle products in India, has experienced significant growth, outpacing the online fashion market since the second half of 2023…
- How are Co-Commerce Platforms Enhancing and Transforming the Conventional Retail and E-commerce Industry? 27 March 2024, indianretailer.com Co-commerce platforms are revolutionizing the retail and e-commerce landscape, offering a unique blend of community engagement, personalized experiences, and seamless transactions…
- Moira Beauty Launches on Nykaa Platform to Expand Reach 27 March 2024, indianretailer.com Moira Beauty, a brand celebrated for its blend of eastern beauty traditions and western cosmetics expertise, is making strides in the Indian retail sector. Originating amidst the vibrant beauty scene of the city, Moira…
- Holi boosts sales for packaged mithai and snacks 26 March 2024, retail.economictimes.indiatimes.com As per a survey by Kirana Club, 54.17 per cent of Kirana owners from states including Uttar Pradesh, Bihar, Rajasthan, Maharashtra, Madhya Pradesh, Chhattisgarh, Haryana, Punjab and Jharkhand said that they are seeing an increase in sales of packed mithai…
- Mother Dairy expects 30 pc demand surge this summer for milk products: MD Manish Bandlish 26 March 2024, retail.economictimes.indiatimes.com “As we get into the season, we are all geared up to excite consumers in our golden jubilee year with an array of over 30 new delightful products. The upcoming range will feature around 20 new ice cream products, followed by Greek yoghurts and other dairy products,” Bandlish said…
- UP important market for realme India, says company official 26 March 2024, retail.economictimes.indiatimes.com Realme India focuses on customer loyalty in Uttar Pradesh, cautious market expansion, AMOLED screens for affordable phones, and flagship sensor for improved low-light photography, revolutionizing features in budget-friendly devices…
- Farmley looking to scale up offline presence 26 March 2024, thehindubusinessline.com Besides, in-home consumption, the company is looking to have a bigger presence in on-the-go snacking segment by offering products at affordable prices…
- Pallavi Shroff refuses second term as independent director at Asian Paints 26 March 2024, thehindubusinessline.com Pallavi Shroff, the Managing Partner of Shardul Amarchand Mangaldas & Co, has refused to continue as an independent director on the board of Asian Paints for the second term…
- MillerKnoll plans to set up more showrooms in key cities across India: Official 26 March 2024, retail.economictimes.indiatimes.com The opening up of a dedicated showroom in Chennai in partnership with Buildcraft Interior marks a significant milestone in MillerKnoll’s growth strategy, a company statement said here on Sunday…
- Quick-commerce firms Zepto, Swiggy Instamart bring home the colour in a record Holi-day 26 March 2024, retail.economictimes.indiatimes.com Sales were led by Holi-related items such as colour (gulaal), sweets, pichkaris and flowers. Adjacent categories–white t-shirts, coconut oil–also saw a significant surge in demand, said executives at quick commerce firms…
- ‘Ready-to-eat market in India may grow 45% in 5 years’ 26 March 2024, retail.economictimes.indiatimes.com SATS Food Solutions taps into India’s growing ready-to-eat market potential with a focus on automation and IoT at its Bengaluru facility. The company aims to maintain taste consistency and develop new recipes through chef involvement…
- Big brands could pivot easily if TikTok goes away. For many small businesses, it’s another story 26 March 2024, retail.economictimes.indiatimes.com Smaller firms and solo entrepreneurs are bound to feel more pain in the event of a breakup. But if the popular video-sharing service remains under Chinese ownership and Congress bans it, many companies would learn to get along…
- S&P Global raises India’s growth forecast to 6.8% for FY25, lower than current fiscal 26 March 2024, thehindubusinessline.com With the government showing optimism on the growth scenario, S&P Global on Tuesday upped India’s growth forecast by 40 basis points to 6.8 per cent during Fiscal Year 2024-25. However, it is still lower than the 7.6 per cent growth forecast for the current fiscal…
- Home improvement retailer Kingfisher warns profit to fall again 26 March 2024, retail.economictimes.indiatimes.com CEO Thierry Garnier said that while repairs, maintenance and renovation activity on existing homes gave the business resilience, it was cautious on the overall outlook for market growth in 2024…
- Fitness Equipment Brand Powermax Aims to Launch 10 Stores 26 March 2024, indianretailer.com PowerMax, the country’s premium fitness equipment brand, has been making waves since its inception in 2009. Founded with a vision to revolutionize the fitness landscape, PowerMax Fitness has emerged as a symbol of quality, innovation, and customer satisfaction..
- Birkenstock Extends Retail Presence in Eastern India with New Store in Kolkata 26 March 2024, indianretailer.com Birkenstock, the German-based global zeitgeist and purpose brand, has launched its first-ever store in Kolkata. With a history that can be tracked as far back as 1774, Birkenstock, the inventor of the footbed, is expanding its retail footprint in India…
- The Inclusivity Revolution in Regular Merchandise Retail 26 March 2024, indianretailer.com In the ever-evolving world of fashion where discussions are of late dominated by topics surrounding sustainability, traceability, and gender neutrality, one paradigm stands out as a catalyst for transformative change: inclusivity…
- Embracing the Virtual Frontier: 5 Insights into the Future of Retail 26 March 2024, indianretailer.com In retail, the rise of the metaverse and Web 3.0 marks a shift towards new business approaches. Starting from gaming, the metaverse is now driving fresh ways for brands and consumers to interact, especially in retail…
- M3M promoters get interim bail from trial court in money laundering case 23 March 2024, realty.economictimes.indiatimes.com Bansals on Friday appeared before the Special Court (PMLA), Panchkula in compliance of the summons issued by the court on February 20, 2024, directing their appearance…
- Myntra gets distribution rights for fashion brand Next; to open 8- 10 stores 23 March 2024, retail.economictimes.indiatimes.com With this Myntra gets the right to distribute Next’s products and set up branded stores for the fashion retailer in India…
- DOMS acquires 51% stake in bag manufacturer Skido 23 March 2024, retail.economictimes.indiatimes.com Stationery retailer DOMS Industries has acquired 51 per cent of stake in Skido Industries with an initial investment of Rs 51 lakh, marking its entrance into school bag manufacturing, it said in a press release on Thursday. The remaining stake of Skido remains with Sehgals…
- Fast moving consumer goods giants bet big on digital advertisement 23 March 2024, retail.economictimes.indiatimes.com India’s fast-moving consumer goods companies are increasingly relying on digital advertising to attract clients, many of whom now survive on internet content. With pandemic causing behavioural shift, Indians are increasingly turning to internet services such as rapid commerce. If companies want to target Gen Z and Gen Alpha cohorts, online is the only way to reach these digital natives. ..
- Devang Sampat promoted as MD of Cinepolis India 23 March 2024, retail.economictimes.indiatimes.com In his previous role as CEO, Devang focused on leveraging Cinepolis’s international strategies adapted for the Indian landscape and spearheading development plans tailored to the Indian market. Under his guidance, Cinepolis India has experienced remarkable expansion nationwide while consistently delivering unparalleled customer experiences through innovative offerings and world-class facilities…
- Orion India announces expansion of Korean snacks portfolio 23 March 2024, retail.economictimes.indiatimes.com Orion India, a subsidiary of South Korea’s Orion Holdings, is expanding its Indian snacks portfolio by introducing new products and increasing production capacity. The company has also enlisted Palak Tiwari to promote its Turtle Chips franchise in India…
- Decathlon plans to open 10 stores annually in India 23 March 2024, retail.economictimes.indiatimes.com Dykes highlighted the potential of India’s vast domestic market, noting that 60% of Decathlon products sold in India are already made in the country. “We want to get to 90% to 95%, if possible,” Dykes said. “India is already in the top 10 markets and we want it to get into the top five. I feel we are really on the right track at the moment. And let’s hope within the five years it will be in the top five,” he added. The company has 122 stores in 19 states…
- India’s outlook for next fiscal positive: FinMin 23 March 2024, retail.economictimes.indiatimes.com Core inflation is trending downwards, indicating a broad-based moderation in price pressures. The pick-up in summer sowing is likely to help reduce food prices, it added…
- For Nike, ‘it’s gotta be the shoes’ is a thing of the past 23 March 2024, retail.economictimes.indiatimes.com Nike CFO Matt Friend told investors the company was cutting back on supplies of “classic” shoes, including the company’s Air Force 1 sneakers, to focus on upcoming launches and new product development…
- LVMHHermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its biggest spenders 23 March 2024, retail.economictimes.indiatimes.com The proposed federal class-action lawsuit, which was filed this week in San Francisco, alleges that Hermes is violating antitrust law by making customers buy other goods in the store before being granted the privilege of buying a Birkin bag from Hermes…
- Restaurants, hotels dole out deals for IPL long weekend, expect a big spurt in business 23 March 2024, livemint.com The Indian Premier League (IPL) is revving up for the opening weekend of its latest edition, with the hospitality sector raring to capitalize on surging demand on the back of a likely heady mix of Twenty20 cricket and festivities…
- How consumer goods manufacturers adapt packaging design to dominate online sales 23 March 2024, retail.economictimes.indiatimes.com Consumer goods makers adapt packaging for e-commerce to combat transit damage, as online sales surge. ITC and Parle enhance packaging, while Dabur and Bagrry’s innovate for online consumers, reducing shipping damages significantly…
- Once burnt, investors curb enthusiasm for Indian startups 23 March 2024, retail.economictimes.indiatimes.com Indian startups struggle as investors cut back. Blume Ventures cautious after Paytm crisis. Funding drop steeper than U.S. and Chinese startups. Prime Minister Modi calls startups India’s “backbone”. Vanguard slashes Ola Cabs’ valuation. Ashish Sharma warns against luck-based business models…
- Fenesta Strengthens Retail Presence with New Showroom in Noida Sector-104 23 March 2024, indianretailer.com Fenesta, a prominent name in India’s windows and doors sector and a market leader, has expanded its retail footprint with the inauguration of a new showroom…
- SSBeauty Unveils Flagship Store at Quest Mall 23 March 2024, indianretailer.com India’s retail landscape welcomes an exciting addition as SSBeauty unveils its latest multi-brand destination at Quest Mall, Kolkata. Retail India News: SSBeauty Unveils Flagship Store at Quest Mall…
- MAXHUB Enhances Global Growth with Microsoft Azure Integration 23 March 2024, indianretailer.com MAXHUB, a prominent provider of interactive display solutions, has revealed its plan to incorporate Microsoft Azure technology into its operations. By leveraging Azure’s capabilities, MAXHUB aims to accelerate its international expansion and advance its AI technology…
- DOMS Industries Acquires SKIDO to Expand into Bag Manufacturing 23 March 2024, indianretailer.com DOMS Industries Limited, a rapidly growing provider of stationery and art materials in India, has entered the bag manufacturing and retailing sector, focusing on school bags, pouches, and related items to strengthen its presence in the back-to-school market…
- Prestige Group acquires 62.5 acres land in Indirapuram Extension 22 March 2024, retail.economictimes.indiatimes.com Prestige Group’s project spans over 10 million sq ft of saleable area, with a projected gross development value (GDV) surpassing Rs 10,000 crore…
- Now, commercial buildings in Chandigarh to follow energy efficiency code 22 March 2024, retail.economictimes.indiatimes.com The code will come into effect from May 1, 2024. Its aim is to make commercial building energy efficient, and help save 20-30% electricity every year…
- Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods 22 March 2024, retail.economictimes.indiatimes.com The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach. Both potential deals are expected to be housed in the new $150 million roll-up platform for packaged foods…
- Between a rock & hot gold, Indians romancing the stone 22 March 2024, retail.economictimes.indiatimes.com Gold and silver prices rallied on Thursday after the US Federal Reserve maintained that it would cut interest rates three times in 2024. The weakening of the dollar and prospects of increased liquidity coupled with lower interest rates sparked the rally, said experts…
- Xiaomi eyes to become a preferred smartphone, AIoT brand for aspirational Indians: Muralikrishnan 22 March 2024, retail.economictimes.indiatimes.com ‘A lot of credit goes to the government, as well as the two large mobile operators, Airtel and Jio. The rate at which they’ve been rolling out the 5G network is unheard of.’..
- Flipkart tweaks merit approach, converts hikes into payouts 22 March 2024, retail.economictimes.indiatimes.com Flipkart changes increment policy, offering merit-linked payouts and 100% bonuses to employees. Lump sum payments replace salary hikes. Last year, Flipkart had frozen hikes of 30% staff including senior leadership among tough macroeconomic conditions. In January 2023, ET had reported that Flipkart has begun a workforce reduction exercise that could see its total team size decrease by 5-7% and be completed by March-April as part of performance reviews…
- Ecommerce firm POP to launch marketplace for D2C brands with its own UPI 22 March 2024, retail.economictimes.indiatimes.com The company said it aims to build this D2C marketplace via a no-frills approach, enabling brands to benefit from deeper data and insights as well as POPcoins…
- Nike set for rare sales drop with focus on US demand, direct-to-consumer pivot 22 March 2024, retail.economictimes.indiatimes.com The sportswear giant has invested in selling more through its own sales channels, including stores and online, instead of increasing inventory at wholesalers to bolster its margins…
- Britain’s Next keeps profit outlook after 5% rise in 2023-24 22 March 2024, retail.economictimes.indiatimes.com The group, which is often considered a useful gauge of how British consumers are faring, said on Thursday it still expected a profit before tax and exceptional items of 960 million pounds ($1.23 billion) in 2024-25, with full-price sales up 2.5%…
- LVMH’s Belloni Leaves No. 2 Role in Luxury Group’s Reshuffle 22 March 2024, livemint.com LVMH’s Antonio Belloni is stepping down as the group’s second-in-command amid a sustained management shakeup at the biggest luxury conglomerate…
- Bisk Farm eyes regional acquisitions to expand distribution & become a national player 22 March 2024, retail.economictimes.indiatimes.com Bisk Farm, a Kolkata-based biscuit and packaged snack company, is considering acquiring regional brands in West and South India to enhance its distribution capabilities and expand its brand presence, according to managing director Vijay Singh…
- Kedaara buys into ice cream maker Dairy Day 22 March 2024, retail.economictimes.indiatimes.com Kedaara Capital invested in South India’s leading ice cream brand, Dairy Day, enabling previous investors to exit. Dairy Day, boasting strong regional presence and impressive growth, planned to expand production and become a national brand. Kedaara’s expertise aimed to help them achieve this goal…
- Target looks to double bonuses this year, Bloomberg News says 22 March 2024, retail.economictimes.indiatimes.com The company will pay 100% of employees’ eligible 2023 bonuses, up from 50% last year, the report said, adding that the increased payouts do not apply to hourly employees…
- Smartphone market’s long tail may grow longer in ’24 22 March 2024, retail.economictimes.indiatimes.com According to Counterpoint Research, Google Pixel smartphones grew their market share in India by 111% on year in 2023 while Lava grew its share by 36%, Transsion by 31%, OnePlus by 33%, and Motorola by 13%. Apple iPhone sales increased 46% last year to reach a record 10 million units…
- Smart home appliance startup Upliance.ai hits Rs 5 million sales in a month; eyes Rs 500 crore sales by CY2025 22 March 2024, retail.economictimes.indiatimes.com Seeing the rising demand for its product and the growth momentum, Upliance.ai aims to reach the Rs 500 crore sales mark by next year’s end. In this calendar year, it is eyeing to close at Rs 150 crore in overall sales. The Bengaluru-based brand is now strategically expanding towards accelerating product expansion. This involves significant investments in tooling and advanced manufacturing techniques…
- Amber Group to venture into washing machine segment with Resojet in a JV 22 March 2024, retail.economictimes.indiatimes.com Speaking about their venture into the consumer durables market, the spokesperson of Amber Enterprises said, “This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market. By partnering with Resojet, we gain access to their expertise in manufacturing washing machines, allowing us to offer a wider range of high-quality products to our customers.”…
- Accessorize London Opens Exclusive ‘Jewellery Only’ Store in Bangalore 22 March 2024, indianretailer.com Accessorize London has unveiled its innovative ‘Jewellery Only’ concept store in Bangalore. This specialized retail space is dedicated solely to offering a diverse range of exquisite fashion jewellery, providing a unique shopping experience for fashion enthusiasts…
- Snitch Expands Retail Presence with New Store Launch in Bangalore 22 March 2024, indianretailer.com Snitch, a leading direct-to-consumer (D2C) men’s lifestyle brand in India, announces the opening of its fourth consecutive store in Brigade Road, Bangalore, as part of its rapid expansion into offline retail…
- KISNA Expands Delhi Presence with New Franchise Store 22 March 2024, indianretailer.com KISNA Diamond and Gold Jewellery, a prominent player in India’s jewellery sector, has opened its 4th Exclusive Franchise Showroom in Delhi, NCR. This milestone reflects KISNA’s dedication to offering exquisite diamond and gold jewellery to customers in Delhi…
- Nykaa CEO Falguni Nayar Champions Empathetic Omnichannel Strategy 22 March 2024, indianretailer.com The omnichannel strategy transcends conventional business tactics; it embodies a philosophy rooted in empathy and consumer understanding, aiming to surpass expectations and foster enduring loyalty…
- MMR Housing Market Holds Top Position In Both Supply & Demand 21 March 2024, rprealtyplus.com The MMR housing market holds the top position in both supply and demand, with new launches of approx. 1.57 lakh units in 2023 and sales at approx. 1.53 lakh units – both at all-time high levels…
- ‘All riders will wear red’: Zomato rolls back green uniform for pure-veg fleet amid social media backlash 21 March 2024, retail.economictimes.indiatimes.com Food-delivery company Zomato had on Tuesday announced the launch of a ‘Pure Veg Mode’ service to cater specifically to customers who have a pure vegetarian dietary preference. But the company saw major backlash online…
- Jack Daniel’s maker names Gaurav Sabharwal as MD for India, South Asia 21 March 2024, retail.economictimes.indiatimes.com Based out of Gurgaon, Sabharwal will report to Eveline Albarracin, vice-president and managing director of Brown-Forman ANZPI (Australia, New Zealand, Pacific islands), IMENA (India, Middle East, North Africa) and Turkiye, the US spirits and wine maker said..
- Markets soak in Holi colours, traders see surge in sales 21 March 2024, retail.economictimes.indiatimes.com The supply of colours and water guns from manufacturers has decreased by about 30 per cent this season, said traders of Indore, a major trading centre from where Holi colours and water guns are supplied across the state, Maharashtra and Gujarat…
- Samsung India nears another milestone in smartphone business 21 March 2024, retail.economictimes.indiatimes.com The company accelerated sales spurred by premiumisation with average handset selling prices rising by 22%, higher than the industry average of 17%. The share of no-cost EMI purchases has also increased from 54% to 60% during the year, said Akshay Rao, mobile experience business general manager at Samsung India. Tenure for no-cost EMI schemes too rose to 18 months from 12 months earlier…
- Direct selling industry grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: IDSA 21 March 2024, retail.economictimes.indiatimes.com Indian Direct Selling Association and Kantar’s report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with government support, distinguishing from fraudulent schemes through regulatory amendments…
- Startups ‘reverse flip’: Pine Labs, Zepto, Meesho in queue for India return 21 March 2024, retail.economictimes.indiatimes.com Startups such as Pine Labs, Zepto, Meesho are the latest new-age companies looking to move headquarters to India. However, Indian-origin companies looking to move base from the US or Singapore face a hefty levy…
- No slowdown in web commerce, a product of Covid era, even after Covid is long gone 21 March 2024, retail.economictimes.indiatimes.com A whole array of products, from the humble cookie and other daily munchies to pocket-pinching discretionary items such as television sets and refrigerators, are selling on ecommerce sites with frequencies similar to or higher than those through the lockdown days, showed the latest data by market researchers NielsenIQ and GfK India…
- Lee Cooper by Reliance Retail steps into women footwear segment 21 March 2024, retail.economictimes.indiatimes.com For the Lee Cooper brand “Shoes Don’t Judge” is more than just a campaign, it’s a movement that celebrates one’s choices and preferences with zero judgement, the company stated in a press release…
- India Inc On The Move 2024: Accelerating smart and sustainable manufacturing across sectors 21 March 2024, retail.economictimes.indiatimes.com To shed light on the transformative journey of the Indian manufacturing sector and emphasize smart, sustainable practices, Rockwell Automation in collaboration with The Economic Times organized the 5th edition of ‘India Inc On The Move 2024’ (IIOTM) in Chennai…
- Mumbai Travel Retail Private Limited to expand retail space by 30k sq.ft 21 March 2024, retail.economictimes.indiatimes.com At present, MTRPL operates out of seven international airports in the country – Mumbai, Thiruvananthapuram, Amritsar, Lucknow, Jaipur, Ahmedabad, and Mangalore…
- Wearable device maker Ultrahuman raises $35 million from existing investors 21 March 2024, thehindubusinessline.com The company plans to deploy the funds towards building further manufacturing capacity and deeper research in the health tracking space…
- Blue Star eyes consolidating its presence in energy-efficient deep freezers segment 21 March 2024, retail.economictimes.indiatimes.com “The market for commercial refrigeration and cold chain solutions is poised for huge growth and we aim to further consolidate our position by introducing a new and innovative range of energy-efficient and environmentally-friendly products and solutions,” he said…
- Brazilian homeware brand Tramontina enters India market 21 March 2024, retail.economictimes.indiatimes.com The global homeware brand shared with ETRetail that it has devised a retail strategy that encompasses general trade, modern trade, online marketplaces, and its direct-to-consumer platform to reach every household in India. Marcelo Borges, CEO of Tramontina US, said, “We are establishing a highly experienced leadership team in India, led by Aruni Mishra, to oversee operations and ensure the best experience for our Indian consumers.”..
- Mall of the Millennium, Pune, India 21 March 2024, retail-insight-network.com The Mall of the Millennium is a comprehensive and contemporary centre for shopping, dining, and entertainment situated in Pune, Maharashtra, India…
- India’s Retail Market: A Path to $2 Trillion/strong> 21 March 2024, indianretailer.com India’s retail sector is on the brink of transformative growth, with projections indicating a substantial leap to $2 trillion within the next decade, as per a report jointly conducted by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI)…
- Radisson Hotel Group Appoints Nikhil Sharma as MD & ASVP for South Asia 21 March 2024, indianretailer.com Radisson Hotel Group has appointed Nikhil Sharma as the Managing Director and Area Senior Vice President (ASVP) for South Asia, effective April 1, 2024…
- Nykaa Debuts Exclusive Florence by Mills Collection 21 March 2024, indianretailer.com Nykaa has revealed the exclusive debut of Florence by Mills, a beauty brand tailored for Gen Z. Prioritizing clean, budget-friendly, and diverse beauty essentials, Florence by Mills aims to empower its generation to embrace their individual beauty ideals…
- Unveiling Ospree: Mumbai Travel Retail’s Answer to Luxurious Duty-Free Shopping 21 March 2024, indianretailer.com Mumbai Travel Retail Private Limited (MTRPL) has made a strategic decision to streamline its brand identity and revolutionize the duty-free shopping encounter by undergoing a rebranding process to launch OSPREE…
- FOReT Expands Retail Presence across India with Strategic Online & Offline Partnerships 21 March 2024, retail.economictimes.indiatimes.com FOReT, a sustainable, PeTA-approved Vegan Fashion brand, has announced its strategic expansion into multiple new retail partnerships, both online and offline, marking a notable milestone in the brand’s vision to make sustainable fashion accessible to all…
- Havells expects growth in domestic demand for ACs after Holi, eyes global expansion for Lloyd ACs 20 March 2024, retail.economictimes.indiatimes.com By extending its manufacturing operations beyond the Ghiloth facility, which produces air conditioners and washing machines, the company has recently launched a new AC manufacturing plant in Sri City, Andhra Pradesh. Following a significant investment, the firm’s production capacity has now doubled, crossing the 2 million units per annum mark…
- PepsiCo to replace Coca-Cola at Subway’s US locations 20 March 2024, retail.economictimes.indiatimes.com Coca-Cola brands like Sprite, Fanta and Diet Coke will begin to disappear from the sandwich chain beginning in January 2025, and will take several months to replace across Subway’s network of franchisee-owned restaurants…
- Evaluating various future options for ice cream business in India, says HUL 20 March 2024, retail.economictimes.indiatimes.com “As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further,” said a HUL spokesperson in response to a query over the impact of Unilever’s decision on the Indian business…
- Indian alcohol cos can raise a toast to higher sales, better margin: ICRA 20 March 2024, retail.economictimes.indiatimes.com ICRA predicts a positive outlook for the alcohol industry in FY2025, with revenue growth expectations for domestic companies and IMFL companies, alongside a promising season for beer companies…
- Looking at high single-digit volume growth in business: United Breweries MD 20 March 2024, retail.economictimes.indiatimes.com Vivek Gupta of United Breweries anticipates high single-digit volume growth, emphasizing innovation, category growth, and margin recovery to drive balanced growth over the next five years, with a focus on premium and economy brands. Gupta says: At this stage, we are very positive about our momentum on the Kingfisher business. Based on our trends, we continue to gain market share behind all these innovations and I feel very positive about Kingfisher momentum as well.”…
- Bombay Shaving Company appoints Durgesh Chugh as the chief sales officer for India and international markets 20 March 2024, retail.economictimes.indiatimes.com Chugh will bring strong expertise to the new role at Bombay Shaving Company as the brand plans to significantly expand its offline penetration and presence in core hair removal and adjacent categories…
- India Inc On The Move 2024: Accelerating smart and sustainable manufacturing across sectors 20 March 2024, retail.economictimes.indiatimes.com To shed light on the transformative journey of the Indian manufacturing sector a and emphasize smart, sustainable practices, Rockwell Automation in collaboration with The Economic Times organized the 5th edition of ‘India Inc On The Move 2024’ (IIOTM) in Chennai…
- Apple taps big and small retailers to boost iPhone market share in India 20 March 2024, retail.economictimes.indiatimes.com Retailers ET spoke to said Apple was earlier hesitant to get displayed in small retail outlets, but that has changed now. The company is also helping with finance options, even for retailers doing very small volumes. Further, additional incentives are being given to retailers for meeting targeted sales like increased margins, freebies etc…
- The Body Shop Advances Retail Expansion Plans in India 20 March 2024, indianretailer.com The Body Shop, an internationally renowned ethical beauty brand originating from Britain, aims for substantial growth in India…
- Michael Kors Opens New Lifestyle Store in Ahmedabad 20 March 2024, indianretailer.com Michael Kors has announced the inauguration of a Michael Kors Lifestyle store in Ahmedabad, India, this January. Spanning 2,106 square feet, the store is situated in the prestigious Palladium Mall, known for its array of luxury fashion brands…
- ITC Achieves Top Water Management Certifications in India 20 March 2024, indianretailer.com Multi-business conglomerate ITC Limited has secured the prestigious Platinum-Level AWS (Alliance for Water Stewardship) Certification for two of its advanced units in Ranjangaon, Maharashtra, reaching the highest global standard for water management…
- Tramontina Expands Reach in Indian Retail Market 20 March 2024, indianretailer.com Tramontina, a globally recognized houseware brand with a rich Brazilian heritage spanning a century, has announced its eagerly awaited entry into the Indian retail market. With a presence in over 120 countries, the…
- Livpure Q3 Results: Reports Robust Financial Growth, Driven by Strong Revenue Growth 20 March 2024, indianretailer.com Livpure, a prominent player in India’s home and living consumer product sector, has announced impressive financial results for the third quarter of the fiscal year 2023-24…
- Novamax Appliances Sets Sights on Doubling Sales 20 March 2024, indianretailer.com Novamax Appliances, a leading home appliance brand in India, aims to double its figures by the next financial year while introducing a fresh line of products to capture the market…
- Tira Beauty Welcomes SKIN1004 to Indian Retail Landscape 20 March 2024, retail.economictimes.indiatimes.com SKIN1004, the renowned Korean skincare brand, has entered the Indian retail market through an exclusive partnership with Reliance Retail’s Tira Beauty…
- upliance.ai Sees Demand Spike Following Shark Tank 20 March 2024, indianretailer.com The creators of India’s first AI Cooking Assistant, upliance.ai, have experienced a notable uptick in demand after their recent feature on Season 3 of Shark Tank and a timely infusion of Rs 34 crore funding from Khosla Ventures…
- Urbanic Bags $150 mn to Transform Fashion Industry 20 March 2024, indianretailer.com London-based fashion brand Urbanic, known for its innovative approach to fashion, has closed a $150 million Series C fundraising round, with support from investors including Mirabaud Lifestyle Impact and Innovation Fund..
- All Day Dining & Bar ‘Freny’s’ Unveils in Mumbai 20 March 2024, indianretailer.com Freny’s is a recently opened all-day dining and bar concept created by Chef Freny Fernandes, situated in Bandra. The menu at Freny’s is an expression of Chef Freny’s life and her deep love for a variety of tastes. Drawing from her East Indian background, the menu enhances classic dishes with modern flair..
- The Pantry Partners with Celebrity Nutritionist Neha Sahaya for Healthy Menu Revamp 20 March 2024, indianretailer.com The Pantry’s ‘Guilt-Free Goodness’ Launches Fresh Menu in Partnership with Celebrity Nutritionist and Wellness Expert, Neha Sahaya. The Pantry is renowned for its diverse selection of nutritious meals has joined forces with Neha Sahaya to introduce a guilt-free indulgence menu…
- CYK Hospitality Launches Nagari Restaurant 20 March 2024, indianretailer.com CYK Hospitalities has played a crucial role in introducing the innovative ‘Nagari’ restaurant to Agra. CYK Hospitalities offered a complete range of services, including menu development, staff recruitment and training, recipe creation, and SOP establishment…
- Kishore Biyani offers Rs 476 cr for a Mumbai mall after Runwal’s win 19 March 2024, retail.economictimes.indiatimes.com The Biyani offer comes just days after creditors had approved a Rs 475-crore bid from Runwal Group for the asset through an auction process, multiple people familiar with the development said…
- Startup Mahakumbh | Blinkit will be bigger than Zomato in a year: Deepinder Goyal 19 March 2024, retail.economictimes.indiatimes.com Zomato is not the same company it was 16 years ago when it was launched, founder Deepinder Goyal said. These comments come as the food delivery company plans to take Blinkit beyond just grocery delivery and essentials and venture into ecommerce…
- Donear Industries to open 50 EBOs focusing on neo-stretch fabric 19 March 2024, retail.economictimes.indiatimes.com “We will also be establishing a chain of MBO stores under the Donear Group umbrella. These outlets will serve as one-stop destinations, showcasing collections ranging from premium luxury fabrics to general apparel,” Rajendra V. Agarwal, managing director, Donear Industries Limited told ETRetail…
- Fashion, grocery, general merchandise to capture 2/3rd of e-commerce by 2027: Falguni Nayar 19 March 2024, retail.economictimes.indiatimes.com Nayar said that in today’s phygital (physical plus digital) world- understanding consumer patterns, behaviours and preferences is paramount in order to solve consumer concerns…
- P&G India appoints Kumar Venkatasubramanian as CEO 19 March 2024, retail.economictimes.indiatimes.com Kumar comes with over 24 years of experience across different roles in the sales function. He started his journey with P&G in the sales team and is currently leading the P&G business in Australia and New Zealand as CEO…
- Indians opting for premium products, say Lenskart, BlueStone founders 19 March 2024, retail.economictimes.indiatimes.com Bansal said people are willing to pay for a brand not because of its advertising, but because of the promise and trust it embodies…
- Want to drive premiumisation in accessible as well as value for money offerings: Bata India MD & CEO 19 March 2024, retail.economictimes.indiatimes.com Gunjan Shah, Bata India CEO, strategizes to propel Power brand growth through EBOs, targeting wider audience accessibility. Leveraging trends in athleisure, the focus is on premiumisation and meeting consumer aspirations through digital and retail expansion. Shah says: “We are not going to stop at just one store. In the next 18 months, we plan to have at least about 50 stores across the country.”…
- Third Wave Coffee’s CEO Sushant Goel steps down, former KFC CEO Rajat Luthra to take charge 19 March 2024, retail.economictimes.indiatimes.com Third Wave Coffee, from being a roastery with a single store in Koramangala to now having over 100 stores across 8 cities had recently raised USD 35 million in Series C funding from Creaegis and existing investor WestBridge Capital…
- Alibaba groceries arm Freshippo CEO to retire, to be replaced by CFO 19 March 2024, retail.economictimes.indiatimes.com The leadership reshuffle at Freshippo is the latest one at e-commerce giant Alibaba Group, which has seen a number of its senior leaders depart or move into new roles as the company undergoes a restructuring and strategy rethink…
- Retailers report 5% Y-o-Y growth in February 19 March 2024, retail.economictimes.indiatimes.com In February 2024, retail sales increased by 5%. Sports goods, footwear, and QSR showed growth. East India weakened, while CDIT products faced challenges. Middle-class consumers stretched budgets…
- Pfizer to slash stake in Sensodyne toothpaste-maker Haleon to 24% 19 March 2024, financialexpress.com Haleon stated that Pfizer is to sell approximately 630 million Haleon ordinary shares by means of a public offering in the United states…
- Livpure’s water-as-a-service business soars with a 77% QoQ revenue growth in Q3 FY24 19 March 2024, retail.economictimes.indiatimes.com Rakesh Kaul, managing director, Livpure, said, “We are delighted with the remarkable growth achieved in the third quarter, particularly in our flagship Water-as-a-Service category.”…
- PrabhuBhakti Opens First Physical Store in Ayodhya, India 19 March 2024, indianretailer.com In a significant step towards merging spirituality with modern fashion, PrabhuBhakti, a pioneering direct-to-consumer (D2C) startup specializing in Devotion and Style, has announced the inauguration of its inaugural…
- Malabar Gold and Diamonds Opens Chandni Chowk Store 19 March 2024, indianretailer.com Malabar Gold and Diamonds, the world’s sixth-largest jewelry brand, celebrated the inauguration of its latest store in Chandni Chowk, Delhi. The 2300 sq. ft. store, the 12th in Delhi NCR and the 29th in the North region, was…
- Sai Silks Expands Retail Footprint with New Store in Tamil Nadu 19 March 2024, indianretailer.com Ethnic apparel retailer Sai Silks Kalamandir Ltd. (SSKL) has inaugurated its latest store under the Kancheepuram Varamahalakshmi Silks format in Tamil Nadu, marking its 60th establishment nationwide and the ninth in the state…
- Louis Philippe and Van Heusen Expand Retail Presence in Qatar 19 March 2024, indianretailer.com Indian conglomerate Aditya Birla Group’s fashion brands, Louis Philippe and Van Heusen, have extended their global footprint with the inauguration of new stores in Qatar, according to a press release issued by the parent company…
- Lee Cooper Disrupts Flagship Women’s Footwear Segment with ‘No Shoe Party’ 19 March 2024, indianretailer.com Lee Cooper, the renowned denim brand, organized an exclusive “No Shoe Party” in Mumbai to unveil its flagship women’s footwear collection. This marked Lee Cooper’s entry into the women’s footwear segment, with a…
- BSH Home Appliances Marks its Advent in the Cleaning Category in India 19 March 2024, indianretailer.com BSH Home Appliances Pvt. Ltd a subsidiary of BSH Hausgeräte GmbH, a global leader in the home appliance industry, has introduced the Bosch Unlimited 7 Handstick Vacuum Cleaner for Indian consumers…
- Skechers Showcases Streetwear Capsule at Lakme Fashion Week 19 March 2024, indianretailer.com American footwear and apparel brand Skechers made its inaugural appearance at Lakmē Fashion Week in partnership with the Fashion Design Council of India (FDCI), unveiling a streetwear apparel capsule collection…
- Decathlon to Ramp Up Retail and Manufacturing Investments in India 19 March 2024, retail.economictimes.indiatimes.com Decathlon, the French sports retailer, is intensifying its efforts to expand production and strengthen its retail presence in India, which Barbara Martin Coppola, its Global CEO, describes as one of its “most important” global markets…
- Fractional ownership of real estate assets through SM REITs 18 March 2024, realty.economictimes.indiatimes.com Fractional ownership of real estate can offer diversification, accessibility to high-value properties, and potential investment returns, but it also comes with risks and complexities (such as low rental yield during COVID-19)…
- Raymond looks to enhance relevance for the younger generation; continue expanding footprint across India 18 March 2024, retail.economictimes.indiatimes.com While speaking at the Summit on the topic – ‘Navigating future horizons amidst changing consumer realities’, Sunil Kataria, CEO of Raymond Lifestyle shared profound insights into the changing consumer behavior pre- and post-pandemic. “It is one of the most difficult things to predict consumer behavior. It takes a lot of intuitive judgment based on research to get the right consumer insight and post Covid it has become more difficult,” he said…
- Decathlon to accelerate investments in India on production, retail expansion: Global CEO 18 March 2024, retail.economictimes.indiatimes.com Decathlon expects to continue its “high growth rate” from the Indian market, which is also emerging as an important manufacturing hub for the sports retailer, from where it currently exports around 65 per cent of production to global markets, she added…
- Ace Turtle to expand Funky Monkeys’ play areas in Toys”R”Us stores across India; looks to open 10 new stores by 2024 end 18 March 2024, retail.economictimes.indiatimes.com In 2023, Ace Turtle unveiled the first Toys“R”Us store in India in Hyderabad and the flagship high-street store in Mumbai. Speaking on the plans of scaling the toy retail chain presence in India, Nitin Chhabra, CEO of Ace Turtle, said, “We plan to scale Toys”R”Us presence from 2 stores currently to 12 stores across India by the end of the year.”..
- Mother Dairy to invest Rs 750 crore to set up two dairy, fruits and vegetables processing plants 18 March 2024, retail.economictimes.indiatimes.com “In our endeavour to expand our distribution and reach to our consumers, we have earmarked a capital expenditure (capex) outlay of over Rs 750 crore to enhance our dairy and F&V (fruits and vegetables) processing capacities across key locations,” Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI. Mother Dairy is coming up with a big dairy plant in Nagpur, Maharashtra with an investment of around Rs 525 crore, he said…
- Selecting the right location, maintaining relationships, brand’s performance important in leasing retail space in malls: Industry experts 18 March 2024, retail.economictimes.indiatimes.com Choosing the right location for the store, maintaining relationships with the landlord or mall operator and brand’s overall performance are a few important factors that should be focused on while leasing retail space in malls, said industry experts at the Great India Retail Summit 2024 that was held in Mumbai last month…
- Urban Company partners with Blinkit to deliver its water purifiers 18 March 2024, retail.economictimes.indiatimes.com The water purifiers from Urban Company will delivered within 30 minutes via Blinkit and subsequently be installed in three hours. This service was started on Sunday in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata and Hyderabad…
- Consumer data utilisation for customized offerings important to build lasting connections with customers: Industry experts 18 March 2024, retail.economictimes.indiatimes.com Consumer data utilization for customized offerings, product design, and creating emotional connect at stores between brands and consumers are the key areas that should be focused on to provide a better consumer experience and build lasting connections, said industry experts at the Great India Retail Summit that was held in Mumbai in February 2024…
- Samsung Anticipates 24% Surge in Rs 30,000 Smartphone Market, Unveils Galaxy A55 and A35 18 March 2024, indianretailer.com In an exciting development for tech enthusiasts, Samsung predicts a substantial 24 percent surge in the Rs 30,000-50,000 smartphone segment this year…
- The Future is Female: Trends and Opportunities for Women Entrepreneurs in the Global Marketplace 18 March 2024, indianretailer.com We’re witnessing a tidal wave of women taking charge, shattering the glass ceiling, and building empires in the world of entrepreneurship. Forget the days when women were expected to be confined to the home front…
- Organic World Revolutionizes Personal Care & Hygiene Market with Eco-Friendly Categories 18 March 2024, indianretailer.com The Organic World (TOW), India’s premier destination for organic and natural groceries, has unveiled a groundbreaking expansion in its personal care and hygiene line. In response to a burgeoning demand for…
- La Pink Diversifies into Body Care Segment with New Shower Gel Collection 18 March 2024, indianretailer.com La Pink, a pioneering name in personal care, marks a significant milestone with its foray into the body care domain, unveiling an exquisite range of shower gels…
- BuzzworksLivpure Launches Allura with 30-Month Free Maintenance Setting New Industry Benchmark 18 March 2024, indianretailer.com Livpure, a prominent player in India’s home and living consumer product sector, has introduced the game-changing Allura range of water purifiers, redefining standards in the market…
- Gousto Partners with Popular Kids TV show Bluey 18 March 2024, indianretailer.com Gousto, a leading meal kit delivery service, has announced an exciting partnership with the popular kids’ TV show “Bluey,” in collaboration with BBC Studios…
- Kool-Aid Partners with Phenom Elite 18 March 2024, indianretailer.com Phenom Elite has announced an exciting collaboration with Kraft Heinz’s renowned beverage brand, Kool-Aid, to introduce the groundbreaking Quantum Speed Cleats and VPS4 Gloves…
- Buzzworks By Brigade Group Launches Managed Offices At WTC Annexe 16 March 2024, retail.economictimes.indiatimes.com Brigade Group, a real estate developer in India, proudly announces the launch of BuzzWorks at WTC Annexe, situated within Brigade Gateway in Malleswaram-Rajajinagar. Boasting 10 storeys of real estate…
- 2023 was best ever year for Bulgari in India, and 2024 looks even better: CEO Jean-Christophe Babin 16 March 2024, retail.economictimes.indiatimes.com Bulgari is planning to grow its presence in India by opening more boutiques in Bengaluru, Hyderabad and Mumbai. It is also looking to expand its footprint from the current 12 stores in six cities to about 20 stores in at least a dozen cities through multi-brand partners…
- McDonald’s North & East onboards ONDC 16 March 2024, retail.economictimes.indiatimes.com McDonald’s North and East partners with ONDC for exclusive products. ONDC also collaborates with street food vendors to boost small-scale operator demand. The initiative aims to enhance accessibility and customer reach…
- FMCG growth to remain in slow lane this year 16 March 2024, retail.economictimes.indiatimes.com A report by Emkay Global Financial Services on Friday said that the corporate commentary on the Fast-Moving Consumer Goods (FMCG) sector has highlighted the muted demand setting prevailing in Q4FY24, which has been projected by data agencies for CY24…
- Small-town consumers spent more on durables & education, less on staples: Report 16 March 2024, retail.economictimes.indiatimes.com Indian consumers in tier-2, tier-3, and rural markets prioritize consumer durables, education, and services over staples. The Bharat Lab’s report highlights changing spending patterns, emphasizing the importance of sub-regionality and value consciousness, impacting sectors like fuel and tourism across different states…
- Godrej Interio plans to expand its mattress category to Rs 250 cr in next 3 years 16 March 2024, retail.economictimes.indiatimes.com Dev Sarkar, Senior Vice President (B2C), Godrej Interio said, “With a commitment to innovation and customer well-being, we are poised to grow our mattress category by 20 per cent CAGR for the next 3 years.” The increasing spending capacity of individuals, rising awareness about the importance of mattresses on overall health and sleep quality are some of the key factors driving the market, the company said…
- ‘53% consumers did not receive refund for inherently defective products’ 16 March 2024, business-standard.com More than half of Indian consumers did not receive any replacement or refund for inherently defective high-value products they owned in the last five years, according to a new survey released on Friday…
- Mango adapts as climate change makes fashion less seasonal 16 March 2024, retail.economictimes.indiatimes.com The clothing industry used to work according to clearly delineated seasons, but global warming means it needs to adapt to periods that can include a mix of hot and cold temperatures and produce pieces that reflect those transitions, Ruiz said…
- Deliveroo beats earnings guidance, sees positive cash flow in 2024 16 March 2024, retail.economictimes.indiatimes.com The company, which competes with Just Eat Takeaway and Uber Eats, said total orders fell 3% year-on-year but rebounded a touch in the final quarter to be unchanged on the year…
- Higher empowerment helping women influence major consumption decisions: Report 16 March 2024, retail.economictimes.indiatimes.com Women’s influence on consumption decisions in India is growing, with notable presence in sectors like IT and consumer staples. The rise in female representation on boards and workforce reflects changing societal norms and increased financial independence…
- Businesses are ready for April’s total solar eclipse with celestial-themed doughnuts and beer 16 March 2024, retail.economictimes.indiatimes.com Closer to eclipse day, there are likely to be more special products and promotions from national brands springing up, like Moon Pie’s “eclipse survival kit,” made up of four mini versions of the chocolate snack and two pairs of eclipse glasses…
- Bata India Redefines Sportswear Retail with Power Brand Outlets 16 March 2024, indianretailer.com Bata India is revamping its approach to sports shoes and activewear with the relaunch of Exclusive Brand Outlets for the renowned brand ‘Power’. Originating from Canada, Power is globally recognized for its high-performance…
- Birkenstock Expands Retail Presence with Debut Store in Kolkata 16 March 2024, indianretailer.com Birkenstock, renowned for its iconic footwear and rich history dating back to 1774, has announced the opening of its inaugural store in Kolkata, India. Situated at Quest Mall and spanning 580 sq.ft, this strategic location…
- Samsung Anticipates 24% Surge in Rs 30,000 Smartphone Market, Unveils Galaxy A55 and A35 16 March 2024, indianretailer.com In an exciting development for tech enthusiasts, Samsung predicts a substantial 24 percent surge in the Rs 30,000-50,000 smartphone segment this year. This projection comes alongside the launch of its latest premium segment…
- The Future is Female: Trends and Opportunities for Women Entrepreneurs in the Global Marketplace 16 March 2024, indianretailer.com We’re witnessing a tidal wave of women taking charge, shattering the glass ceiling, and building empires in the world of entrepreneurship. Forget the days when women were expected to be confined to the home front…
- Godrej Interio Aims for Rs 250 cr Retail Expansion in India’s Mattress Market 16 March 2024, indianretailer.com Godrej and Boyce, the cornerstone of the Godrej Group, have revealed plans for their retail arm, Godrej Interio, to elevate its mattress category to Rs 250 crore within the next three years…
- Innovational Agility Unleashed: The Mattress Industry’s Tech-Infused Future 16 March 2024, indianretailer.com In this dynamic retail vista where technological advancements continue to shape and reshape consumer experiences, the $212 million-strong Indian mattress industry is undergoing a major transformative revolution…
- Wacoal’s New Everyday Elegance T-shirt Bra Hits Indian Shelves 16 March 2024, indianretailer.com Discover superior fit and unmatched comfort this season with Wacoal’s latest ‘Everyday Elegance T-shirt Bra’ collection. Featuring sleek molded cups and underwire support, this T-shirt bra ensures enduring comfort and seamless wear…
- WOW Skin Science Debuts Sunscreen Solutions Tailored for Indian Consumers 16 March 2024, indianretailer.com WOW Skin Science, a prominent beauty, skincare, and wellness brand in India, has recently introduced its latest offering – WOW Sunscreen. This new range of sunscreen gels and sprays is meticulously crafted to suit the…
- Organic World Revolutionizes Personal Care & Hygiene Market with Eco-Friendly Categories 16 March 2024, indianretailer.com The Organic World (TOW), India’s premier destination for organic and natural groceries, has unveiled a groundbreaking expansion in its personal care and hygiene line. In response to a burgeoning demand for…
- Bhumika Group Leases 50% Of NHPC Metro Station Retail Area 15 March 2024, rprealtyplus.com Setting New Benchmarks in Retail Development, Bhumika Group Continues to Redefine the Industry Landscape with Tata’s Zudio and Shoppers Stop among Key Signings…
- Kishore Biyani’s daughters Ashni and Avni to re-enter retail space 15 March 2024, retail.economictimes.indiatimes.com Foodstories will be an 8000-sq ft retail format dining café that will also sell a wholly organic estate-to-cup coffee program, a single-origin chocolate experience, bespoke cheese, single-origin spices and dry fruits, farm-sourced fruits and vegetables. Avni Biyani said, “We’re building a community and platform for the dedicated entrepreneurs, growers, farmers, artisans, and food lovers.”…
- Essentials milk, rice, soap, and turmeric prices increased by 10-20% in last year: Survey 15 March 2024, retail.economictimes.indiatimes.com According to a survey by Kirana Club, about 49 per cent of Kirana owners said that milk prices have increased by 10 – 20 per cent in the last year. Majority of respondents indicated a similar jump in prices of soap, detergents, and spices in the last year. ..
- Swiggy merges InsanelyGood with Instamart 15 March 2024, retail.economictimes.indiatimes.com InsanelyGood currently operates in Bengaluru only after a scaledown from six cities last year to reduce cash burn. Orders placed on the service before 11 pm usually get fulfilled by 7 am the following day…
- Elle Decor Kitchens and Wardrobes to open 45 outlets in 8 years 15 March 2024, retail.economictimes.indiatimes.com The average store size of the brand spans across 2,500-4,000 sq ft area and CAPEX for opening a store stands at Rs 1.5-2 crore…
- ONDC starts pilot to onboard street food vendors in Delhi, Lucknow 15 March 2024, moneycontrol.com ONDC’s plan is to scale up the network nationwide with more seller and buyer apps. The pilot has already started in Delhi with two street vendors in the Saket locality onboarded through Zomato-backed Magicpin…
- Under Armour’s founder Plank to return as CEO 15 March 2024, retail.economictimes.indiatimes.com Plank founded Under Armour in 1996 and served as the company’s top boss till 2019. In January 2020, Plank was appointed as the company’s executive chair and brand chief…
- India second-largest region for VC investments in Asia-Pacific: Report 15 March 2024, retail.economictimes.indiatimes.com India retained its position as the second-largest destination for venture capital and growth funding within the Asia-Pacific region last year, a report showed on Thursday…
- Anveya Living eyes EBITDA profitability in FY 25 15 March 2024, retail.economictimes.indiatimes.com The 5-year-old company, which clocked Rs 39 crore in revenue last fiscal, is aiming to clock Rs 85 crore this fiscal…
- Blue Star to invest Rs 250 cr in next fiscal to raise AC manufacturing capacity 15 March 2024, retail.economictimes.indiatimes.com The company now has a production capacity of 10 lakh room air conditioners across its various manufacturing facilities, including the Sri City unit. “Plans are there to raise the manufacturing capacity to 1.8 million units in the near future,” Blue Star Managing Director B Thiagarajan told reporters here…
- Nexus Select Trust to expand mall portfolio amid southern India’s retail boom 15 March 2024, moneycontrol.com The company is in talks to acquire 1 million square feet of mall space; outlines the strategic shift towards acquiring brownfield projects, while emphasising preparedness to swiftly integrate acquired malls into its structure…
- Hamleys Expands Presence in Italy with New Flagship Store in Rome 15 March 2024, retail.economictimes.indiatimes.com Hamleys, a toy brand under Reliance Brands, has extended its reach in Italy with the inauguration of its second flagship store in Rome, situated within Galleria Alberto Sordi. This strategic move, in collaboration with Giochi Preziosi S.P.A., a prominent toy manufacturing and distribution company in Italy, follows closely after the recent opening of a store in Milan…
- Looks Salon Expands Presence with New Prive Outlet in New Delhi 15 March 2024, indianretailer.com Looks Salon, a leader in luxury beauty experiences, has announced the opening of its 6th Privè outlet in New Delhi’s Malcha Marg area. This latest addition signifies a significant milestone for the brand, reinforcing its status as an innovator in the beauty and wellness sector…
- How Indian Brands Like Malabar Gold & Diamonds Are Shaping Global Trends 15 March 2024, indianretailer.com In recent years, India has emerged as a significant player in the global luxury goods market, harnessing its technological prowess and embracing sustainability initiatives…
- Pantaloons to Redefine Professional Fashion with ‘Workdrobe’ 15 March 2024, indianretailer.com Pantaloons has introduced its latest campaign, ‘Workdrobe,’ aiming to celebrate the unique style of every woman and encourage them to express their authentic selves in the workplace…
- Avvatar Achieves Trustified Gold Standard 15 March 2024, indianretailer.com Avvatar, the pioneering 100 percent vegetarian whey protein brand from Parag Milk Foods, has achieved a significant milestone by becoming the first brand to attain the esteemed Trustified Gold Certification in India…
- AIWA India Unveils Next-Generation Sound Bars for Enhanced Home Theater Experience 15 March 2024, indianretailer.com Designed to evoke deep emotional connections through music, the KANDO sound bar series brings listeners into a world of immersive audio experiences. Named after the Japanese word for profound appreciation, these sound…
- Clinikally Elevates Skincare and Haircare Retail with Luxe Segment 15 March 2024, indianretailer.com Amidst the rising prominence of skincare and wellness, Clinikally, backed by Y-Combinator, introduces ‘Clinikally Luxe’—a luxury skincare and haircare segment…
- Cureskin Bags $20 mn to Enhance Dermatology Access 15 March 2024, retail.economictimes.indiatimes.com Cureskin, an AI-powered dermatology platform offering clinically proven skin and hair health solutions, has secured $20 million in Series B funding. Led by HealthQuad, a prominent digital health-focused venture capital…
- Madame Sets Sights on Endless Aisle; Aims to Revolutionize Customer Experience 15 March 2024, irecwire.com With endless aisle functionality in place, it will focus on consolidating its presence and delivering exceptional experiences to consumers…
- High Street Stores Top As Leasing Choice For Luxury Brands 14 March 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd., and PHD Chamber of Commerce and Industry, announced the findings of the joint report that highlights luxury retail leasing patterns across various retail formats from 2022 to 2023…
- DLF’s subsidiary sells 4.67 acres land in Chennai for Rs 735 crore 14 March 2024, realty.economictimes.indiatimes.com DLF Home Developers (DHDL), a wholly-owned material subsidiary of DLF, has approved the proposal for raising of funds for an aggregate principal amount of up to Rs 600 crore on a private placement basis…
- Foreign portfolio investment lap up REITs, InvITs, wrap up earlier commitments 14 March 2024, realty.economictimes.indiatimes.com Data released by the National Securities Depository (NSDL) showed the increase in FPI investment in the hybrid category was primarily driven by $842 million worth of overseas investment in February. ..
- Zepto experiments with platform fees in profitability push 14 March 2024, retail.economictimes.indiatimes.com The firm is charging a platform fee of Rs 2 per order, over handling charges that can range between Rs 5 to Rs 20, depending on factors like order size, location and time of day. This is different from rival quick-commerce platforms like Zomato-owned Blinkit and Swiggy Instamart that only charge handling fees…
- India’s food safety regulator working on stricter rules for health supplements 14 March 2024, retail.economictimes.indiatimes.com The authority had received several complaints about many non-compliant health supplements being sold in the market, according to anofficial, after which it conducted a drive across the country to check nutraceuticals and health supplements for quality and safety throughout their manufacturing and sale process…
- India to be among top 5 markets for Decathlon in next 5 years; to increase local sourcing to over 90 pc: Top exec 14 March 2024, retail.economictimes.indiatimes.com French sports retailer Decathlon considers India a “big priority” market and aims to be among its top five global markets within the next five years. It plans to add 10 new stores annually, increase online sales, and raise local sourcing to over 90% to boost competitiveness in the Indian sports and athleisure segment. Decathlon’s sales in India grew by 37% in the financial year ending March 2023…
- Amul vision is to be the biggest dairy in the world; already exporting to almost 50 countries: MD 14 March 2024, retail.economictimes.indiatimes.com Amul is deeply expanding into rural areas, with a revenue target of Rs 80,000 crore ending March this year. They dominate the cheese market and plan to increase capacity. Amul’s value added products contribute to farmers’ livelihoods and provide value for money to consumers. They aim to become the biggest dairy brand globally, focusing on competitive pricing and strong distribution…
- HTL Group Singapore plans to expand offline stores presence in India; eyes 25-30% growth in 2024 14 March 2024, retail.economictimes.indiatimes.com Going ahead in the third quarter of 2024, it also plans to open 10 exclusive stores for the three brands in all the key metro and tier 1 cities including Mumbai, Bangalore, Pune, Delhi, Hyderabad and Chennai, said Manoj Kumar Nair, country head – brands (HTL Group Singapore) India & Middle East. Cumilatively, the company is looking to expand presence to over 50 stores by this year end…
- India’s retail inflation to remain above 5% till May: SBI Research report 14 March 2024, retail.economictimes.indiatimes.com India’s retail inflation expected to decline to 3% in July. Protein items and vegetable prices increased in Feb. Core CPI declined to 52-month low. RBI raised repo rate to 6.5%. Maharashtra and Uttar Pradesh contribute to inflation. SBI Research suggests publishing detailed vegetable prices…
- Snitch appoints Maruthy Ramgandhi as its CTO 14 March 2024, retail.economictimes.indiatimes.com In his new role, Ramgandhi will focus on developing the company’s product strategy, ensure emerging technology and will be responsible for overseeing the implementation of technological strategies, read the release…
- Zara owner Inditex posts record net profit for 2023 14 March 2024, retail.economictimes.indiatimes.com Zara owner Inditex, the world’s biggest fashion retailer, on Wednesday reported its highest-ever profits in 2023 thanks to buoyant sales and its policy of raising prices. Its net profit reached 5.4 billion euros ($5.9 billion) last year, up 30 percent from 4.1 billion euros in 2022, which also was a record for the fashion giant whose eight brands include younger chain Pull&Bear and upmarket label Massimo Dutti…
- Zalando jumps as online fashion retailer sees return to growth 14 March 2024, retail.economictimes.indiatimes.com Zalando said on Wednesday it expected gross merchandise value (GMV) growth, a key metric measuring the value of all goods sold, of between 0% and 5% this year, after a 1.1% decline to 14.6 billion euros in 2023…
- Kohl’s joins department store retailers to warn of weak 2024 growth 14 March 2024, retail.economictimes.indiatimes.com The retailer’s results round up a tough year for American department store chains, which have struggled as budget-conscious shoppers shift to off-price retailers like TJX and Burlington Stores. Kohl’s sales fell for eight quarters in a row, similar to trends seen by rivals Macy’s and Nordstrom…
- India’s economy has parallels to booming 2000s, according to Morgan Stanley 14 March 2024, timesofindia.indiatimes.com Investment has become a major driver of India’s booming economy, according to economists at Morgan Stanley, adding that the country’s current expansion resembles that of the mid-2000s when growth averaged more than 8%…
- ProcMart brings on board Sachin Jain to head finance, strategy 14 March 2024, retail.economictimes.indiatimes.com ProcMart appoints Sachin Jain as CFO and CSO to drive growth in B2B marketplace. Jain’s expertise in finance, tax, IT operations adds value. Anish Popli, founder and CEO, highlights Jain’s role in enhancing financial frameworks, maximizing shareholder value. Startup raised $10M in series A funding led by Sixth Sense Ventures, backed by IndiaMART…
- Powerlook Apparels Expands Retail Presence with Two New Stores 14 March 2024, indianretailer.com Powerlook Apparels has taken a significant step forward in its expansion strategy with the opening of two new brick-and-mortar stores in Bandra West and Vasai East, Maharashtra…
- Kalyan Jewellers Expands Retail Presence with New Showrooms in Delhi 14 March 2024, indianretailer.com Kalyan Jewellers, a leading name in the Indian jewellery industry, is set to open two new showrooms in New Delhi, further solidifying its position in the retail market. The inauguration ceremonies, graced by Bollywood celebrity Nora Fatehi, are scheduled for March 15, 2024, at 5 PM in Rohini and 6 PM in Pitampura…
- From 3 to 4 Billion Euros! Mango’s 4E Plan Revealed! 14 March 2024, indianretailer.com Mango marked the culmination of 2023 with historic achievements, boasting a record-breaking turnover surpassing 3 billion euros for the first time. The company’s distinctive value proposition fueled this success, propelling its turnover to 3.104 billion euros, a remarkable 15 percent increase compared to 2022…
- Voltas Expands SmartAir Inverter AC Portfolio with New Innovation 14 March 2024, indianretailer.com In a bid to fortify its dominance in India’s retail Cooling Products sector, Voltas, the leading brand in the realm of cooling solutions and the premier AC brand under the Tata group, has rolled out its latest innovation – the SmartAir Inverter AC series…
- Jaypore Expands Product Portfolio with New Spring Summer ’24 Range 14 March 2024, indianretailer.com Jaypore introduces its Spring Summer ’24 collection, blending traditional Indian craftsmanship with modern aesthetics…
- JBL Debuts Sustainable Speakers for Holi Celebrations 14 March 2024, indianretailer.com As Holi approaches, JBL introduces its latest range of eco-friendly speakers, capturing the essence of the festival while prioritizing sustainability. Offering a diverse selection, from the compact JBL CLIP 4 Eco and JBL Go 3…
- SignatureWinston India Marks 5x Revenue Surge Post Shark Tank Appearance 14 March 2024, indianretailer.com Winston India, the innovative lifestyle brand, has experienced an impressive fivefold increase in revenue, profit, and sales following its feature on Shark Tank…
- Certus Capital Invests Rs 130 Cr In Two Commercial Projects In Pune 13 March 2024, rprealtyplus.com Certus Capital, an institutional real estate investment and advisory company founded by former KKR director Ashish Khandelia, has invested Rs. 130 crores in two prime commercial real estate projects in Pune for its secured bonds platform, Earnnest.me…
- Nexus Select aims to double portfolio in five years with acquisition-led strategy 13 March 2024, realty.economictimes.indiatimes.com Blackstone-backed Nexus Select Trust plans to double its assets portfolio to 20 million sq ft in 5 years. CEO Dalip Sehgal stated that the trust can borrow $1 billion or swap units for assets to fund acquisitions. The trust currently owns 17 malls across 14 cities, including Ahmedabad and Amritsar…
- Nykaa-KK Beauty to step up overseas expansion 13 March 2024, retail.economictimes.indiatimes.com Nykaa-KK Beauty, a joint venture between Katrina Kaif, Nykaa, and Matrix India Entertainment, plans to aggressively expand in overseas markets, particularly the Gulf region. They will also focus on ramping up their offline presence in India. Their sales have seen phenomenal growth through retail stores…
- Elista enters into refrigerator market; expects this expansion to aid in achieving Rs 500 cr domestic revenue by 2025 13 March 2024, retail.economictimes.indiatimes.com Pawan Kumar, CEO of Elista, said, “We are optimistic that our first refrigerator line-up will achieve the same level of success that our Smart TV range has enjoyed in the Indian market. We are anticipating that this launch will be pivotal in achieving the domestic revenue target of Rs 500 crore from the nation-wide sale by the end of the year 2025.”..
- Authenticity and honesty are the key elements of personal branding, says Sushant Divgikr, Artiste 13 March 2024, retail.economictimes.indiatimes.com Explaining the art of personal branding, she said, “When you brand yourself, normalise the message instead of sensationalizing it. For personal branding, you need to add a personal touch to whatever you do. And there is an audience for everything. “…
- Powerlook plans to establish 50 outlets across India by 2027 13 March 2024, retail.economictimes.indiatimes.com “Our expansion journey begins with the opening of these two offline stores in Mumbai. While e-commerce remains pivotal, we believe in the significance of physical stores, allowing customers to engage with our products,” Raghav Pawar, Co-founder of Powerlook Apparels said in a statement…
- Ace Turtle launches Dockers online with Myntra 13 March 2024, retail.economictimes.indiatimes.com “We are excited to expand our relationship with Myntra with the exclusive online marketplace launch for Dockers in India,” said Nitin Chhabra, CEO, Ace Turtle…
- India’s food safety regulator working on stricter rules for health supplements 13 March 2024, retail.economictimes.indiatimes.com The authority had received several complaints about many non-compliant health supplements being sold in the market, according to an official, after which it conducted a drive across the country to check nutraceuticals and health supplements for quality and safety throughout their manufacturing and sale process…
- Expect rural demand recovery in FMCG only in second half of FY25: Preeyam Tolia 13 March 2024, retail.economictimes.indiatimes.com Preeyam Tolia, Equity Research Analyst at Axis Securities, expects gradual rural demand recovery and only in the second half of FY25. Likes Nestle, Jyothy Labs, Varun Beverages. FMCG companies focus on distribution, market expansion, and new products. Margins of paint sector under pressure. Positive outlook for Nestle, Jyothy Labs, Varun Beverages despite raw material inflation…
- Swiss Beauty to double exclusive brand outlets, eyes expansion in tier 2, smart cities 13 March 2024, retail.economictimes.indiatimes.com The brand is set to double its Exclusive Brand Outlets (EBOs) across 12 Indian cities by March 2024-25 to touch 24. It plans to open an additional 147 beauty-assisted outlets across India and add over 450 touch points in general trade in 2024-25, the statement said…
- TV makers target 10% growth this IPL season 13 March 2024, thehindubusinessline.com Large-screen panel televisions with the latest technology are preferred by consumers in the domestic market. With the start of IPL from the end of the month, consumer durable makers are targeting a 10 per cent growth in sales of television…
- TATA Starbucks Hits 400-Store Milestone in India’s Retail Coffee Landscape 13 March 2024, indianretailer.com TATA Starbucks celebrates a significant achievement with the opening of its 400th store in Coimbatore, India. With an ambitious plan to reach 1000 stores by 2028, the brand continues to shape the coffee culture in over 60 cities across the nation…
- Recode Studios Broadens Retail Reach in Indore and Ahmedabad 13 March 2024, indianretailer.com Leading cosmetic brand, Recode Studios, has successfully opened two new retail outlets in Indore and Ahmedabad, marking a strategic move in its expansion plan…
- The Retail Market Growth Expected to Continue at 9-10% over the Next Decade 13 March 2024, indianretailer.com India continues to be a bright spot among the major economies – growing fastest among the top 5 global economies and is expected to become 3rd largest by GDP in 2030. India’s retail market is expected to reach $2Tn in the next 10 years and presents a large opportunity for retailers…
- Bad Monkey Beer Makes Official Entry into Uttar Pradesh 13 March 2024, indianretailer.com Sinq Beverage Pvt Ltd, the creator of Bad Monkey Beer, has officially launched its product in Uttar Pradesh, India. Priced at Rs 130 for a 500 ml can, Bad Monkey Beer offers a strong taste, boasting alcohol by volume (ABV) of up to 8 percent…
- Tanishq Expands High Jewellery Portfolio with “Ethereal Wonders” 13 March 2024, indianretailer.com Renowned jewellery retail brand Tanishq, recognized for its exquisite diamond jewellery, craftsmanship, and quality designs, introduces its latest high jewellery collection, “Ethereal Wonders.”…
- U&i Widens Legacy Series Range for Retail Market 13 March 2024, indianretailer.com U&i has introduced its latest innovation, the U&i Legacy Series Wireless Speaker. This cutting-edge speaker aims to transform the way consumers experience sound, delivering high performance in a compact and stylish form…
- Fast&Up Aims to Expand Retail Presence in the UK After Successful ASDA Placements 13 March 2024, indianretailer.com Fast&Up, India’s leading sports and health nutrition brand, is set to enhance its footprint in the UK market following successful placements in over 200 ASDA Stores Limited, a prominent British supermarket chain…
- UNIQLO and UNHCR Collab on Global Charity T-shirt Launch 13 March 2024, indianretailer.com Global retail giant UNIQLO has revealed the introduction of a charity T-shirt collection, featuring winning designs from the 2023 Youth with Refugees Art Contest, co-organized with UNHCR, the UN Refugee Agency…
- Is Hypestore the Emerging Leader Among Shopify Alternatives? 13 March 2024, retail.economictimes.indiatimes.com In the ever competitive Indian e-commerce landscape, the quest for a platform that blends seamless functionality with localized performance has led many to seek Shopify alternatives. Do Indian startups have what it takes to take on this $100 bn+ behemoth?..
- Signature Global Will Invest Rs 1000-1200 Cr Yearly For Land Acquisitions 12 March 2024, rprealtyplus.com Realty firm Signature Global will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand…
- Hunger games: Investors at the table with appetite for food startups 12 March 2024, retail.economictimes.indiatimes.com Pizza Wings, Boba Bhai in funding talks as HNIs, angels and other backers show interest…
- Asus India sees huge potential in gaming and creator segment 12 March 2024, retail.economictimes.indiatimes.com In 2023, Asus held second position in the consumer segment behind HP with a share of 15.1 per cent, according to a report by a market intelligence firm IDC. Asus managed to ship more than a million units in the consumer segment for the first time ever in 2023. In the fourth quarter of last year, it focused on inventory correction and slid to fifth position behind Acer and managed to hold a 3.5 per cent share in the total market…
- Wakefit eyes a turnaround, aims to become profitable by end of FY24 12 March 2024, retail.economictimes.indiatimes.com Mattress and furniture maker Wakefit is aiming to return to profitability by the end of the financial year 2023-24. “We are very close to profitability and we will be able to turn positive by the year closes in March,” said the company’s co-founder Chaitanya Ramalingegowda declining to share the expected revenue for the year…
- Plan afoot to reclassify items for GST clarity in FMCG sector 12 March 2024, retail.economictimes.indiatimes.com The Central Board of Indirect Taxes and Customs (CBIC) is planning to prepare a list of products that end up in litigation due to classification issues. The fitment committee will investigate items with minor changes in composition but different tax slabs, creating confusion in tax liability, particularly in the fast-moving consumer goods (FMCG) sector…
- Luxury shoe brand Santoni to invest Rs 15 crore to expand its presence in India 12 March 2024, retail.economictimes.indiatimes.com The Italian brand, which opened its first store at DLF Emporio, plans to open its next store in Mumbai this year and in either Hyderabad or Bengaluru over the next 2-3 years…
- Explained | Flipkart likely to enter quick commerce space, how will it impact the market? 12 March 2024, livemint.com E-commerce platform Flipkart is preparing to venture into the quick commerce sector, according to media reports…
- Indian wedding season: Branded retailers celebrate rising demand for accessories 12 March 2024, retail.economictimes.indiatimes.com Indian weddings require crucial accessories like imitation jewellery, Moti malas, safas, and turbans. These accessories are essential for wedding collection brands. The Indian apparel and accessories market, estimated at $75 billion, represents nearly 30% of the market…
- ABFRL-owned Louis Philippe and Van Heusen expand global presence, open stores in Qatar 12 March 2024, retail.economictimes.indiatimes.com Jacob John, president of premium brands at ABFRL, “This expansion aligns with our ambitious growth strategy as we continue to expand our retail footprint across the globe, following recent openings in Mauritius and the UAE.”..
- Enhanced regulatory oversight forces foodservice operators in India to fall in line, says GlobalData 12 March 2024, financialexpress.com Jaya Dandey, Consumer Analyst at GlobalData, said, “With the growth potential also comes significant responsibility and accountability on the part of operators. The McDonald’s fiasco resulted in renewed scrutiny by the state of Maharashtra on all major foodservice providers for compliance with food standards.”..
- Huge focus on driving efficiencies in capital and talent; see bigger opportunity in rural: Sunil D’Souza 12 March 2024, retail.economictimes.indiatimes.com Sunil D’Souza, MD & CEO of Tata Consumer Products, discusses the company’s growth strategy, including distribution expansion, branding, innovation, and portfolio diversification. He believes that consumption is rebounding, but hasn’t reached pre-Covid levels. He also highlights the importance of trust, talent, and category creation for future success. He also said Taa Sons is backing the company’s rights issue. ..
- Wedding-related consumption remains muted amid fewer dates, slowdown 12 March 2024, retail.economictimes.indiatimes.com As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said…
- 12 March 2024, retail.economictimes.indiatimes.com With the new store launch, the company is anticipating to generate a revenue of Rs 3 crore in the next 12 months…
- Pepperfry appoints Mahip Dwivedi as VP marketing 12 March 2024, retail.economictimes.indiatimes.com Online furniture marketplace Pepperfry has appointed Mahip Dwivedi as vice president of marketing. He was the chief marketing officer at Tyke Investment before starting in his new role in December..
- Swiss Beauty Ramps Up Retail Expansion Across India 12 March 2024, indianretailer.com Swiss Beauty has revealed its ambitious plans to broaden its retail footprint and penetrate deeper into Tier II and smart cities in FY 2024…
- Malabar Gold and Diamonds Expands Retail Footprint in Jaipur, Rajasthan 12 March 2024, indianretailer.com Malabar Gold and Diamonds, recognized as the sixth-largest jewellery brand globally, inaugurated its maiden store in Jaipur, Rajasthan. Bollywood actor Anil Kapoor marked the inauguration ceremony. With an additional 10 stores set to open in March, the brand will achieve a total of 350 stores…
- Reliance Retail’s Tira Unveils First North India Store in DLF Avenue, Saket 12 March 2024, indianretailer.com Reliance Retail’s Tira has recently inaugurated its maiden store in North India, marking its 10th outlet nationwide at DLF Avenue, Saket, the bustling retail hub of the capital…
- The Technology Revolution in Reimagining Retail Space 12 March 2024, indianretailer.com In recent years, the retail industry has undergone a big change that has been spurred either because of technology or new business strategies. The rise of “neo-retailers” is a holistic approach towards bringing a significant change…
- Snitch Highlights Q4 Success and Unveils Aggressive Offline Retail Plans 12 March 2024, indianretailer.com Snitch has disclosed its Q4 results, showcasing substantial growth in revenue and sales. The company marked a remarkable 2.2X growth in Gross Merchandise Value (GMV) from Q1 to Q4 in the Fiscal Year 2023, reaching a GMV of 400 crore, with a projected GMV of 600 crore by the end of FY 2024…
- Coach Explores Denim Evolution Across Real and Virtual Spaces 12 March 2024, indianretailer.com Coach’s “Find Your Courage” campaign embarks on a journey of self-discovery, delving into the intersection of real and virtual realms. In this phase, virtual characters Imma and Wu Jinyan navigate the world of denim, a timeless symbol of self-expression…
- Mamaearth Enters into Personal Wash with Grade 1 Soaps 12 March 2024, indianretailer.com Mamaearth, a key player in India’s personal care retail sector, has made a noteworthy entry into the personal wash category, representing a significant stride in its commitment to delivering safe and toxin-free products nationwide…
- DLF Explores Acquire Upcoming Projects In Delhi’s Aerocity 11 March 2024, retail.economictimes.indiatimes.com DLF, a leading name in India’s real estate landscape, is actively engaged in discussions to acquire upcoming projects in Delhi’s Aerocity…
- BigBasket, Flipkart quicken delivery to counter quick-commerce 11 March 2024, retail.economictimes.indiatimes.com Tata Digital’s BigBasket rebranded its slotted delivery service as “Supersaver” in January, promising sub-two-hour deliveries. Meanwhile, Walmart’s Flipkart is offering with free same-day delivery across various categories in 20 cities…
- Stone Sapphire India to invest Rs 1,000 crore in homewares plant in Baroda 11 March 2024, retail.economictimes.indiatimes.com Toys and stationery manufacturer Stone Sapphire India will invest Rs 1,000 crore to set up a manufacturing facility for homewares in Baroda. The plant will manufacture small kitchen appliances, metal cookware, and drinkware…
- India-EFTA trade deal: Swiss watches, chocolates to enter Indian market at lower prices 11 March 2024, retail.economictimes.indiatimes.com India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland…
- Panel on ‘Shopping 2.0: Navigating future of stores and leveraging predictive retail insights 11 March 2024, retail.economictimes.indiatimes.com Catch the Panel Discussion on panel discussion on ‘Shopping 2.0: Navigating future of stores and leveraging predictive retail insights with panelists – Umar Akhter, Founder&CEO, Koskii; Soumya Kant, Co-Founder, Clovia; Apeksha Gupta, CEO, John Jacobs; Atul Sinha, COO, CaratLane – A Tanishq Partnership; Ankita Thakur, Co-Founder and CDO, GeoIQ; and MG Gopala Krishna, Jt MD, MG Brothers moderated by – Radhika Sridharan, Partner, Bain & Company…
- Panel discussion on ‘Loyalty programs and in-store technology: Rewarding and retaining customers’ 11 March 2024, retail.economictimes.indiatimes.com Catch the Panel discussion on ‘Loyalty programs and in-store technology: Rewarding and retaining customers’ with panelists: Yash Dayal, CTO, Wakefit; Vipin Gupta, CTO, Starbucks; Amit Arora, CIO, SHR Lifestyle; Bidyut Bhanjdeo, CBO- Ethnix By Raymond, Raymond Limited; Amit K Gupta, CTO, Rebel Foods;…
- Panel Discussion on ‘Innovative lease agreements: Win-win solutions for retailers and mall operators 11 March 2024, retail.economictimes.indiatimes.com Catch the Panel Discussion on ‘Innovative lease agreements: Win-win solutions for retailers and mall operators’ with panelists – Preeti Chopra, Vice President Business Development – India & Global, Being Human Clothing; Tarandeep Singh Sekhon, Chief Business Officer, Bounce Inc; Sahil Kansal, Head of Property & Franchising, Croma Infiniti Retail; and Sreejit Nair, AVP- Business Development, Chaayos, moderated by – Anurag Sharma, Business Journalist, ET Retail…
- Orders for readymade garment manufacturers drop by 40% 11 March 2024, retail.economictimes.indiatimes.com Readymade Textile Dealers Association president Ashish Nigam said, “There is a sharp drop in orders. We have a cycle of around 6 months and clearing dues within 3 months will be a difficult task. Retailers have cut down on orders from wholesalers due to the payment terms.”..
- Malabar Gold & Diamonds enters Rajasthan market 11 March 2024, retail.economictimes.indiatimes.com Malabar Gold & Diamonds is planning to add 10 more stores in March 2024 to reach the 350 mark globally. Currently, the brand has a presence across India, the Middle East, the Far East, the USA, the UK, Canada, and Bangladesh and also has 14 wholesale units in 8 countries, and 15 manufacturing units in 5 countries, with over 25 brands…
- Tasmac to monitor shops exceeding sales by 30% 11 March 2024, retail.economictimes.indiatimes.com The district managers of the liquor corporation have sent out a circular to all supervisors that the liquor stock should be maintained at 50% and indent should be based on average sales…
- 68% retailers say cold drinks of national FMCG brands sell more than local brands 11 March 2024, retail.economictimes.indiatimes.com The report reveals that Maharashtra is the only state where the sale of cold drinks for national and local FMCG brands is alike. It stated that Indian kiranas prepare for summers; 67 per cent kiranas stocking more cold drinks…
- Mobile phone manufacturing jumps 21 times to Rs 4.1 lakh cr in 10 yrs: ICEA 11 March 2024, retail.economictimes.indiatimes.com Over the past decade, mobile phone manufacturing in India has seen a remarkable 21-fold increase to reach Rs 4.1 lakh crore, driven by government policies like the Production Linked Incentive (PLI) scheme. This surge has enabled India to fulfill 97% of its mobile phone demand domestically, with 30% of production targeted for export in FY’24, amounting to an estimated Rs 1.2 lakh crore…
- Amrut Launches Amrut Bagheeera and Amrut Portonova in Gurgaon 11 March 2024, indianretailer.com Amrut Distilleries, the pioneer of Indian single malt whisky, celebrating its 75th year in the industry, announces the launch of two new limited edition whiskies for the Gurgaon market exclusively…
- From Starry Visions, K-Beauty Dreams, to Everything in Between 11 March 2024, indianretailer.com In the beauty universe, where trends shimmer and consumer preferences sparkle, the newest stars are the collaborations with celebrities and the infusion of Korean beauty into diverse markets, which have now become transformative strategies…
- NASCAR and FaZe Clan Launch Limited Edition Merchandise 11 March 2024, indianretailer.com NASCAR and lifestyle and gaming organization FaZe Clan have partnered for a limited-edition merchandise collaboration. The two organizations are teaming up to provide a clothing and headwear collection for fans during…
- Isha Ambani may soon acquire your favourite international beauty brand 11 March 2024, retail.economictimes.indiatimes.com Mukesh and Isha Ambani Piramal’s Reliance Retail, India’s foremost organized retailer, is currently engaged in discussions with Italian beauty brand…
- Banks settle Rs 737 crore loan on south Mumbai mall with BMMCL’s promoters 09 March 2024, realty.economictimes.indiatimes.com Mall owner Bansi Mall Management Company (BMMCL), promoted by Biyani, owed lenders Rs 737 crore against which the promoters have offered Rs 440 crore…
- Expect quick-commerce firms to battle ecommerce soon: Zepto investor Glade Brook 09 March 2024, retail.economictimes.indiatimes.com In a blog post on LinkedIn, Paul Hudson, founder of investment firm Glade Brook Capital, said that the market is already moving in this direction with Blinkit and Zepto expanding their product assortment. The fund had backed Mumbai-based Zepto last year and invested in Blinkit’s parent company Zomato back in 2019…
- Veg thali becomes cheaper in February; non-veg thali prices rise 09 March 2024, retail.economictimes.indiatimes.com In February, the cost of home-cooked vegetarian meals decreased by 2% to Rs 27.5, attributed to a 14% drop in onion prices and a 3% decrease in potato prices. However, non-veg thali prices rose to Rs 54 due to a 10% increase in broiler prices amid lower supply due to bird flu in Andhra Pradesh…
- Jubilant FoodWorks Ltd’s Hong’s Kitchen to open 100+ outlets by next fiscal end 09 March 2024, retail.economictimes.indiatimes.com Currently, the contribution of Hong’s Kitchen to JFL’s revenue stands at single digit…
- Dabur India introduces an all-women production team at plant near Indore 09 March 2024, retail.economictimes.indiatimes.com Dabur India has established an all-women production line at its largest greenfield plant near Indore, with 20 women currently engaged in producing Vatika hair oils. This initiative aims to promote women’s empowerment in manufacturing and build a more diverse workforce. Dabur plans to expand the initiative by adding 30 more women to its factory workforce…
- Panel Discussion on ‘Venture capital in retail: What attracts investors to retail businesses’ 09 March 2024, retail.economictimes.indiatimes.com Catch the panel discussion on ‘Venture capital in retail: What attracts investors to retail businesses?’ with panelists: Vikram Gupta, Founder & Managing Partner, IvyCap Ventures; Vinay Singh, Founder & Partner, Fireside Ventures; Vikram Gawande, Investor, Blume Ventures; and Amar Nagaram, Co-Founder, Virgio, moderated by – Devangshu Dutta, Founder, Third Eyesight…
- Lightning Chat on ‘Future proofing retail tech: Adapting to uncertainty’ 09 March 2024, retail.economictimes.indiatimes.com Catch Jeyandran Venugopal, CPTO, Flipkart at ET GIRS 2024 in a lightning chat on ‘Future-proofing retail tech: Adapting to uncertainty’ at Great India Retail Summit 2024…
- Delhivery transforms a facility into all-woman-run hub 09 March 2024, retail.economictimes.indiatimes.com Delhivery has transformed its facility in Punjab’s Moga into an all-woman-run hub, orchestrating end-to-end operations with a women-only workforce. The facility has women-only housekeeping and security staff, and the recruits have undergone focused training. The women are eligible for PF and ESIC benefits and have growth opportunities at Delhivery…
- Victoria’s Secret plunges 27% as shrinking demand hits sales forecasts 09 March 2024, retail.economictimes.indiatimes.com Fiscal 2024 sales predicted at $6bn, below estimates. First-quarter sales expected to decline. 35 stores to close, 15 new stores to open, despite slow demand, competition from Amazon and Lululemon…
- Prada sales rose 17% last year, driven by Asia, Miu Miu brand 09 March 2024, retail.economictimes.indiatimes.com The group’s net revenues totalled 4.7 billion euros ($5.1 billion) last year, broadly in line with analysts’ expectations, after a “very positive” fourth quarter which also showed a 17% sales increase…
- Gap’s upbeat quarterly results show improving demand for Old Navy apparel 09 March 2024, retail.economictimes.indiatimes.com CEO Richard Dickson’s plans to push ahead with reinventing Gap’s brands, mainly Old Navy, have helped drive consumer interest in its apparel and accessories…
- Harajuku Tokyo Cafe eyes Rs 50 crore in revenue by next fiscal end 09 March 2024, retail.economictimes.indiatimes.com Over the next 3-4 years, the brand is also planning to foray into international markets like Dubai, Malaysia, Singapore, the UK, and Japan…
- Britannia Marie Gold launches HerStore to support women entrepreneurs in India 09 March 2024, retail.economictimes.indiatimes.com The platform’s strategic design focuses on democratizing entrepreneurship, offering a zero per cent commission model and no additional costs to sellers. Moreover, HerStore plans to expand its reach by offering the platform in multiple Indian languages, ensuring inclusivity and accessibility…
- Riyaaz Amlani on ‘Revolutionizing hospitality: The rise of multi-dimensional spaces in modern dining’ 09 March 2024, retail.economictimes.indiatimes.com Catch Riyaaz Amlani, Founder & MD, Impresario Entertainment and Hospitality in a fireside chat on ‘Revolutionizing hospitality: The rise of multi-dimensional spaces in modern dining experiences at Great India Retail Summit 2024…
- Fireside chat on ‘Strategic tech mastery: Panasonic’s vision for profitable retail innovations’ 09 March 2024, retail.economictimes.indiatimes.com Catch Manish Sharma, Chairman of Panasonic India & South Asia in a fireside chat on ‘Strategic tech mastery: Panasonic’s vision for profitable retail innovations’ at Great India Retail Summit 2024…
- Nykaa Marks 175th Retail Store with Luxe Beauty Haven in Mumbai’s Bandra 09 March 2024, indianretailer.com Nykaa, India’s premier beauty and lifestyle destination, celebrates the opening of its 175th store with a new Luxe outlet in Mumbai’s bustling beauty hub, Bandra…
- Miraj Cinemas Debuts in Kerala with Multiplex in Kozhikode 09 March 2024, indianretailer.com Miraj Cinemas has introduced its latest cinematic offering in Kozhikode, Kerala, a city renowned for its cultural richness. This milestone marks Miraj Cinemas’ entrance into the vibrant state, providing the local community with exceptional entertainment options…
- TheRole of E-commerce in the Indian fashion Retail Industry 09 March 2024, indianretailer.com E-commerce has revolutionized the way businesses operate around the world, including the fashion retail industry in India. Over the past decade, the growing prominence of E-commerce platforms has drastically transformed the landscape of the Indian fashion retail sector…
- Kuhl Fans Expands Product Portfolio with BLDC Tech 09 March 2024, indianretailer.com Kuhl Fans, known for premium-quality processed foods and vegetables, now unveils its latest Kühl Smart and Stylish Fans in Delhi…
- HyFun Foods Takes a Fresh Approach to Global Frozen Fare 09 March 2024, indianretailer.com Established in 2015, HyFun Foods has emerged as a significant player in the global food industry, renowned for its premium processed foods and vegetables. Undertaking a strategic rebranding initiative, the company is poised to disrupt an often-overlooked category within the food sector…
- Signature Global (India) looks to launch 8-10 million sq ft in the next six months 08 March 2024, realty.economictimes.indiatimes.com Signature Global (India) is expecting to cross pre-sales of Rs 7,200 – Rs 7,500 crore by the March 2023-end and is looking to achieve a target of Rs 9,500 crore pre-sales in FY25…
- Majority of D2C businesses still not profitable, shows a study 08 March 2024, retail.economictimes.indiatimes.com The survey released on Wednesday added that only 12% of the D2C businesses have reported being profitable, while 25% of the D2C businesses said that they don’t measure profitability since they are part of larger ecosystems…
- Zydus Wellness aims to double its sales in next 3-5 years, bets big on new product launches 08 March 2024, retail.economictimes.indiatimes.com The company is enhancing its relevance to consumers by leveraging online platforms and other organised channels…
- FMCG sector to see subdued growth till September quarter of 2024, says Kantar report 08 March 2024, retail.economictimes.indiatimes.com The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products, according to Kantar Worldpanel’s FMCG pulse report…
- Tech-first VCs line up for new-age consumer firms 08 March 2024, retail.economictimes.indiatimes.com Tech-first VC Nexus Venture Partners will lead a $5 million funding round in specialty coffee brand AbCoffee and it will also invest in lab-grown diamond maker Aukera, sources told ET. Accel, one of Flipkart’s earliest investors, will close a $12 million round in fast fashion brand Newme. Why are tech-first VCs lining up for new-age brands with a horde of affluent young customers?..
- Indkal to launch smartwatches under its private label Wobble 08 March 2024, retail.economictimes.indiatimes.com “In December we launched our wearables and hearable brand Wobble. We are very well placed in the market even though it is a different type of business for us. We started with personal audio as a category and plan to launch smartwatches in the next couple of months,” Anand Dubey, CEO, Indkal Technologies told ETRetail…
- D2C fashion brand Snitch eyes Rs 600 cr GMV by end of 2024 08 March 2024, retail.economictimes.indiatimes.com The brand claims that it has maintained an average 30-35 per cent quarter-on-quarter (QoQ) revenue growth in the last two years. Further, with offline expansion, Snitch has seen a 35-40 per cent quarterly increase in sales and revenue…
- Marks & Spencer co-CEO Bickerstaffe to step down, Sky News reports 08 March 2024, retail.economictimes.indiatimes.com Bickerstaffe will leave the company this year, the report said, adding that she would join as a non-executive director of European home improvement retailer Kingfisher. Marks & Spencer and Kingfisher declined to comment on the report…
- Food firms, GST authority spar over 18% tax rate on snacks 08 March 2024, financialexpress.com The issue concerns a recent clarification by the government, classifying snacks as extruded and non-extruded, according to food industry sources that FE spoke to. In food processing, extrusion involves pushing ingredients through a machine to attain the desired shape…
- India becomes second-largest manufacturer of mobile phones globally: ICEA 08 March 2024, retail.economictimes.indiatimes.com “It is believed that the doubling of India’s GDP from the current $3.7 trillion to $7 trillion by 2030 will be led by growth in the digital sector and trade. In both these areas, electronics manufacturing led by mobile production will play a critical role”, said Pankaj Mohindroo, chairman, ICEA…
- HP plans retail expansion, affordable subscription models in India 08 March 2024, retail.economictimes.indiatimes.com HP’s global president Enrique Lores said India was on track to become the third largest economy globally, presenting a unique opportunity for companies to grow in such regions…
- Cellecor Gadgets reports Rs 209 cr sales in first half of FY24 08 March 2024, retail.economictimes.indiatimes.com Cellecor recently expanded its product portfolio to include home and kitchen appliances and is aiming to surpass its annual target sales of Rs 500 crore this fiscal year. Further, the brand is set to expand into premium categories such as AC, laptops, and smartphones…
- Bata India Celebrates Opening of 500th Franchise Store 08 March 2024, indianretailer.com Bata India has announced the inauguration of its 500th Franchise store in India, marking a significant milestone in the footwear retail sector. To commemorate this achievement and express gratitude to its partners across India, Bata unveiled a CGI Out-of-Home (OOH) display celebrating the ‘Bata 500 Franchise Store Family in India…
- Over 63% of Women in Bharat Dream of Starting Their Own Business! 08 March 2024, indianretailer.com Did you know that over 63 percent of women in India aspired to be entrepreneurs and were therefore willing to take credit? A recent report shed light on the financial consumption patterns of women at retail stores, providing a…
- Vinod Cookware Expands Production with New Manufacturing Unit in Maharashtra 08 March 2024, indianretailer.com Vinod Cookware, a leading Indian cookware manufacturer, has recently inaugurated its latest manufacturing unit in Gundale village, Palghar district, Maharashtra. This strategic move aims to cater to the growing demand for Vinod Cookware products in both domestic and global retail markets…
- 68% of Retailers Favor National FMCG Cold Drinks, Citing Superior Sales over Local Competitors 08 March 2024, indianretailer.com As the scorching heat of summer sets in across India, both FMCG giants and local kiranas are gearing up to cater to the rising demand for summer essentials. An overwhelming 67 percent of Kirana stores in Maharashtra are stocking…
- Postcards from Flower Aura for Women’s Day 08 March 2024, indianretailer.com In a move to celebrate and express gratitude towards women, Flower Aura, India’s prominent online gifting platform, has announced the initiation of their Women’s Day special campaign titled “She Deserves it All…
- Britannia Marie Gold Empowers Womenpreneurs with HerStore 08 March 2024, retail.economictimes.indiatimes.com Prestige Group, country’s leading real estate developer with a portfolio of more than 305 delivered properties across 10 cities, has announced the launch of its luxury residential project in Whitefield, Bangalore – Prestige Somerville…
- Prestige Group Announces Luxury Project Prestige Somerville In Whitefield-Bangalore 08 March 2024, rprealtyplus.com In a significant move towards supporting women entrepreneurs in India’s dynamic retail landscape, Britannia Marie Gold has introduced HerStore, a distinctive digital ecosystem tailored for womenpreneurs…
- Jaipur Watch Company Expands Product Portfolio with ‘Vintage Stamp’ 08 March 2024, indianretailer.com Jaipur Watch Company inaugurated a new store in Ahmedabad at the Nexus One Mall, marking a significant milestone for the brand…
- The Organic World Expands Personal Care and Hygiene Range 08 March 2024, indianretailer.com India’s largest organic and natural grocery retailer, The Organic World (TOW), is enhancing its personal care and hygiene product offerings by introducing six new categories…
- Prestige Group Announces Luxury Project Prestige Somerville In Whitefield-Bangalore 07 March 2024, rprealtyplus.com Prestige Group, country’s leading real estate developer with a portfolio of more than 305 delivered properties across 10 cities, has announced the launch of its luxury residential project in Whitefield, Bangalore – Prestige Somerville…
- Unlock lucrative investment opportunities with ‘Pehle Dukan Phir Makan Yojana’ by the Delhi Mall Complex 07 March 2024, realty.economictimes.indiatimes.com If you’re an investor looking for an investment opportunity, then look no further than Pehle Dukan Phir Makan Yojana: The With an easy registration of a nominal fee of Rs. 31,000, one can start investing in this lucrative opportunity. The scheme offers two payment options: a ‘Construction Linked Payment Plan’ and a ‘Down Payment Plan.’…
- FMCG companies think small to make it big during polls 07 March 2024, retail.economictimes.indiatimes.com Consumer goods companies in India are increasing stocks of small packs of biscuits, bhujias, chips, packaged water, and beverages costing ₹5 and ₹10 each by up to 10% across the country, anticipating a short-term spurt in sales during rallies and meetings coinciding with the upcoming general election. Senior executives at several fast-moving consumer goods (FMCG) companies are bullish of robust sales of small packs of such food products till elections. ..
- Haier’s revenue hits Rs 7K cr in CY23; On track to become Rs 10K cr brand by 2025 07 March 2024, retail.economictimes.indiatimes.com Talking to ETRetail, NS Satish, President, Haier Appliances shared that for the current year, the company aims to cross the Rs 8,500 crore revenue mark and eventually reach the 10,000 milestone in 2025…
- HyFun Foods to invest Rs 1,100 crore to open 3 state-of-the-art manufacturing plants in Gujarat 07 March 2024, retail.economictimes.indiatimes.com HyFun opened its first unit at Mehsana, Gujarat in 2015 and has since then set up four more units and crossed Rs 1,000 crore in revenue last year…
- Himalaya Wellness India OTC biz one of the fastest-growing globally: Senior Official 07 March 2024, retail.economictimes.indiatimes.com Talking to ETRetail, Vikas Bansi, OTC Business Head (India), Himalaya Wellness said, “Most of the categories we are present in have outperformed by more than 3X growth. Globally, the India OTC business is one of the fastest-growing divisions.”…
- Not in a hurry to add new categories; will focus on grocery: BigBasket CEO Hari Menon 07 March 2024, retail.economictimes.indiatimes.com Hari Menon told ET that BigBasket will only diversify into adjacent categories to grocery like kitchen and home appliances. Meanwhile, rivals such as Zomato-owned Blinkit and Mumbai-based Zepto are rapidly diversifying into newer categories…
- Going premium in personal care helps ITC boost sales 07 March 2024, retail.economictimes.indiatimes.com Indian company ITC has shifted its focus to premiumizing its personal care business, doubling its contribution to sales to 38% in the last four years. This has helped ITC break even in the personal care business, which now generates profit consistently quarter on quarter…
- FMCG sector to see “subdued” growth till September quarter in 2024: Kantar 07 March 2024, thehindubusinessline.com The FMCG sector is projected to witness “subdued” growth in 2024 till the September quarter, according to research and insights firm Kantar…
- High temperatures expected to heat up ice-cream sales 07 March 2024, retail.economictimes.indiatimes.com The India Meteorological Department (IMD) has forecast summer season temperatures to be above normal this year with a greater number of heat-wave days. Leading ice-cream brands are already experiencing a surge in demand…
- Oversupply in global markets to hit Indian tea prices, exports 07 March 2024, retail.economictimes.indiatimes.com CK Dhanuka, chairman of Dhunseri Tea & Industries, said, “The excess tea in the global markets that has been carried over from last year will impact the prices and exports of Indian tea.” The geopolitical tension and the rising fear of economic recession have impacted the global tea markets in 2023…
- India to grow at 6.8 pc in FY’ 25, to become upper middle-income country by 2031 07 March 2024, retail.economictimes.indiatimes.com In its India Outlook report, Crisil said the Indian economy will take support from domestic structural reforms and cyclical levers and can retain — perhaps even improve — its growth prospects to become the third largest economy by 2031…
- As India makes and consumes more, a new realty sector booms 07 March 2024, retail.economictimes.indiatimes.com Blackstone Inc. plans to double its Indian warehouse holdings, reaching 100 million sq ft. DP World, Metro Brands, and Zomato are also investing in the sector. Global investors have poured over $10 billion into the warehouse sector, with more capital expected in the coming years…
- When online goes offline: Why brick-and-mortar is back in fashion 07 March 2024, retail.economictimes.indiatimes.com India’s new digital payment infrastructure and deeper internet penetration triggered a wave of e-commerce, but brick-and-mortar retail is making a comeback. Direct-to-consumer brands are opening physical stores. Retail leasing is at a record high. Growth in online users has slowed. Retailers are expanding stores to enhance the shopping experience…
- Bira 91 Bags $25 mn Investment from Tiger Pacific Capital 07 March 2024, indianretailer.com B9 Beverages Ltd, the parent company of Bira 91, announced that it is raising $25 million in new funding from Tiger Pacific Capital, an Asia-focused fund based in New York and Hong Kong…
- Real estate companies approach finance ministry over GST notices 06 March 2024, realty.economictimes.indiatimes.com India’s service sector growth slowed in February, but remained robust, according to a private survey. The HSBC India Services Business Activity Index fell to 60.6, from 61.8, indicating expansion.
- DLF in talks to buy projects coming up at Aerocity in Delhi 06 March 2024, realty.economictimes.indiatimes.com DLF is in discussions with Bharti Realty to acquire under-construction phases of Aerocity in Delhi. Brookfield acquired a controlling stake in Rostrum Realty.
- Westside to bet big on beauty, e-commerce 06 March 2024, retail.economictimes.indiatimes.com The brand, which on average opens 30 stores each year, is expanding the area dedicated to beauty by 3x in its revamped and refurbished stores. Out of 231 stores, the brand operates, it has till now refurbished 11+ stores.
- Udaan says it shipped 2.25 bn products in 2023 06 March 2024, retail.economictimes.indiatimes.com Category-wise, Udaan claimed to sell nearly 10 lakh tonnes of products under the essentials category (Fresh, FMCG, Staples, Pharma) and over 70 million products under the discretionary (Electronics, General Merchandise, and Lifestyle) category.
- Zepto Pass gets 1 million subscribers within a week of launch 06 March 2024, retail.economictimes.indiatimes.com The membership, which comes at a fee of Rs 99 per month, offers unlimited free deliveries on orders worth more than Rs 99 and discounts of up to 20% based on the order value, ET reported on February 19.
- Fashion, apparel retailers cut discounts amid subdued demand, low inventory 06 March 2024, retail.economictimes.indiatimes.com One of the largest apparel retailers and manufacturers, Aditya Birla Fashion & Retail managing director Ashish Dikshit said there is a slowdown which is reflected in the footfalls into malls and stores. The company has decided to scale down on discounting which has helped to significantly expand margins last quarter, he told investors recently.
- FSSAI verifies McDonald’s India uses 100% real cheese: Westlife Foodworld 06 March 2024, retail.economictimes.indiatimes.com Food Safety and Standards Authority of India(FSSAI) confirms McDonald’s India uses real cheese. Maharashtra govt plans to inspect all McDonald’s outlets. Westlife Foodworld actively engages with authorities, adheres to food standards, remains committed to transparency in ingredients and providing high-quality meals.
- GIRS2024: Retail CIOs emphasize building omnichannel platforms, personalised experiences 06 March 2024, retail.economictimes.indiatimes.com At The Great India Retail Summit’s panel discussion titled ‘Power of Discovery: Retailers Decode the Evolution of Search and Personalization in an Omnichannel Era’, held on February 15 and 16 in Mumbai, industry leaders provided invaluable insights into the transformative potential of technological tools in revolutionizing customer experiences.
- Data-driven customer experience takes center stage at ETRetail GIRS’24 06 March 2024, retail.economictimes.indiatimes.com The significance of harnessing data for enhancing customer insights and targeted marketing campaigns took center stage at The Great India Retail Summit 2024, held on February 15th and 16th.
- Brick-and-click synergy: D2C brands share strategies on integrating offline and online channels for success 06 March 2024, retail.economictimes.indiatimes.com Leaders from D2C brands at The Great India Retail Summit 2024, shed light on the evolving strategies and challenges faced while navigating this complex landscape.
- Nykaa X Apparel Group = Nysaa in Dubai 06 March 2024, indianretailer.com India’s leading beauty retailer, Nykaa, in collaboration with the GCC’s prominent retail conglomerate, Apparel Group, has opened the inaugural Nysaa Beauty Store at City Centre Mirdif, Dubai.
- Sai Silks Kalamandir Grows Retail Footprint in Khammam 06 March 2024, indianretailer.com In a strategic move to reinforce its market presence, ethnic apparel retailer Sai Silks Kalamandir Ltd (SSKL) has inaugurated its 59th store in the Kancheepuram Varamahalakshmi Silks format, located in Khammam at Bypass Road.
- Dr.Rashel Expands Offline Presence with Mumbai Store Opening 06 March 2024, indianretailer.com Beauty wellness brand Dr.Rashel, a part of the Petrol Perfume group, is pleased to announce the inauguration of its flagship skincare store in Mumbai. Located at Shop 3, Prakash Building, R.B. Mehta Marg, Ghatkopar (E), the grand opening is set for Sunday, 3rd March, featuring Tanishaa Mukerji, Actor, and Environmentalist, as the chief guest.
- Geetanjali Salon Expands Presence with Revamped Outlet in Vasant Kunj 06 March 2024, indianretailer.com India’s prominent high-street beauty destination, Geetanjali Salon, boasting a network of over 170 salons nationwide, has revealed its enhanced and spacious outlet in Ambience Mall, Vasant Kunj.
- Spendvesting Success: Young Indians Save Rs 1.2 Lakhs Annually, Thanks to Innovative Strategy 06 March 2024, retail.economictimes.indiatimes.com The traditional approach of saving for the future and spending in the present is getting a modern twist with the rise of spendvesting. This innovative financial strategy merges these seemingly opposing concepts, encouraging individuals to…
- Signature Global’s Deluxe DXP Project’s Record Sales Of Rs 3600 Cr 05 March 2024, rprealtyplus.com Signature Global, a leading player in India’s real estate sector, has announced pre-formal launch sales of more than INR Rs 3600 crores for its latest premium housing residential development project, ‘DE LUXE-DXP,’ in…
- Harry Caplin-Rogers Joins Knight Frank As Director, International Capital Markets 05 March 2024, rprealtyplus.com Knight Frank India, the country’s premium real estate consultancy, has appointed Harry Chaplin Rogers as Director of International Capital Markets…
- Cushman & Wakefield to design layout for phase 1 of fintech hub near Noida airport 05 March 2024, realty.economictimes.indiatimes.com The firm, which submitted a proposal to the Yamuna Authority recently, also proposed to allocate 10% of the land parcel for allied commercial services…
- Lighthouse Funds invests Rs 229 crore in Safari Industries 05 March 2024, retail.economictimes.indiatimes.com Mid-market consumer and healthcare-focused fund Lighthouse Funds has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIFThe domestic luggage market is estimated at Rs 15,000 crore, with organised players having a 40% share, according to ratings agency Crisil. Lighthouse Funds’ marquee investments include Bikaji Foods, Nykaa, Fabindia, and Ferns N Petals..
- Amazon Beauty eyes penetrating deeper into Tier II and beyond, expanding international portfolio 05 March 2024, retail.economictimes.indiatimes.com At present, luxury and premium beauty along with men’s segment are the fastest growing segments for the marketplace…
- Pure-play online D2C brands step up offline presence to push growth 05 March 2024, retail.economictimes.indiatimes.com Mamaearth, one of India’s prominent D2C brands, is expanding its reach with over 1.7 lakh retail touchpoints, marking a shift towards physical retail. Other brands like Licious and Minimalist are also adopting an omnichannel approach…
- FMCG sheds Covid hangover with Q3 ad binge 05 March 2024, retail.economictimes.indiatimes.com Leading fast-moving consumer goods (FMCG) companies have ramped up advertising expenses, surpassing pre-Covid levels for the first time in the December quarter, as they aim to stimulate demand amid a robust economy…
- Panel Discussion on Retailtainment innovative approaches to captivate today’s consumers 05 March 2024, retail.economictimes.indiatimes.com Catch the panel discussion on ‘Retailtainment innovative approaches to captivate today’s consumers’ with panelists – Amit Sharma, Managing Director, Miraj Cinemas; Suneel Dhar, Director & Co-Founder, Skyjumper Sports & Amusements; Dhimant Bakshi, CEO, Imagicaaworld Entertainment; Prakash Patel, Managing Director, Bhumi World; Rahul Dhamdhere, CMO, KidZania; and Abbas Jabalpurwala, CEO, Timezone Entertainment (TEEG India), moderated by – Anirban Roy Choudhury, Assistant Editor, ETBrandEquity…
- Inaugural Panel- ‘The future store: How technology and consumer trends are shaping retail?’ 05 March 2024, retail.economictimes.indiatimes.com Catch this panel discussion on ‘The future store: How technology and consumer trends are shaping retail?’ with panelists – Rajesh Jain, MD & CEO, Lacoste India; Sanjeev Rao, CEO, Being Human Clothing; Rajneesh Mahajan, CEO, Inorbit Malls;…
- Inaugural Panel-‘The consumer-centric retail vision navigating excellence & innovation in every aisle’ 05 March 2024, retail.economictimes.indiatimes.com Catch this exciting panel on ‘The consumer-centric retail vision navigating excellence & innovation in every aisle’ with panelists- Vineet Gautam, Country Head & CEO, Bestseller India; Abhishek Bansal, Executive Director, Pacific Development Corporation Ltd; Vishak Kumar, CEO, Madura Fashion & Lifestyle (ABFRL); Lavanya Nalli, Chairperson, Nalli Silks; Jatin Goel, Executive Director, Omaxe; and Shriti Malhotra, Group CEO, Quest Retail – House of Beauty, moderated by Govind Shrikhande, Retail Veteran & Former MD, Shoppers Stop…
- Italian luxury shoe brand Santoni to expand presence in India 05 March 2024, livemint.com Italian bespoke shoe company Santoni is expanding its India presence and will add two more luxury boutiques in Mumbai and Hyderabad by 2026…
- Pernod Ricard India appoints Gagandeep Sethi as head of sustainability & responsibility 05 March 2024, retail.economictimes.indiatimes.com Sethi will oversee design, development and implementation of several high-impact initiatives, with a deep focus on scalable water positivity and community-centred social impact programmes, the company said…
- The experience turn: A good news and a bad news for Indian retailers 05 March 2024, retail.economictimes.indiatimes.com India’s consumer landscape is shifting towards discretionary items and durables. A joint study by BCG and RAI reveals a projected $2 trillion retail market in next 10 years, positioning India as a bright spot among global economies with strong GDP growth and robust private consumption. Read on to know more: …
- Indians are saving up to 20% on all lifestyle spends, travel among top categories: Report 05 March 2024, retail.economictimes.indiatimes.com A report by Multipl reveals that Indians are saving up to 20% on lifestyle spending, with travel being the preferred category for spendvesting enthusiasts. Spendvesting combines investing and spending principles, allowing consumers to align their lifestyle goals with investing strategies…
- Punit Balana Expands Product Portfolio with “Modern Jaipur” 05 March 2024, indianretailer.com Renowned designer Punit Balana recently unveiled his Spring Summer 24 collection, titled “Modern Jaipur,” capturing the vibrancy and regality of his hometown…
- Differences Between Store Retail and Non-Store Retail 05 March 2024, indianretailer.com In today’s dynamic retail environment, understanding the nuances between store retail and non-store retail is crucial for entrepreneurs and business owners…
- Why Rural Markets are Crucial for the Expansion of the FMCG Sector 05 March 2024, indianretailer.com The Fast-Moving Consumer Goods (FMCG) sector has long been a cornerstone of the Indian economy, offering a variety of everyday items that are essential to millions…
- Tata Consumer Products Records Q3 Revenue of Rs 3,803.9 cr 05 March 2024, indianretailer.com Tata Consumer Products reported a consolidated net profit of INR 278.9 crore for the quarter ending December 31, 2023, reflecting a 20.7 percent year-on-year decline…
- What Technologies Will Drive the Next Boom in Indian Retail? 05 March 2024, indianretailer.com The Indian retail landscape is undergoing a radical transformation. Consumer expectations are constantly evolving, demanding a seamless and personalized shopping experience…
- How Daalchini is Revolutionizing Micro Retail in India 05 March 2024, retail.economictimes.indiatimes.com India’s retail landscape is a vibrant tapestry, rich in tradition yet ripe for innovation. In this bustling market, Daalchini Technologies emerges as a beacon of change, a pioneer redefining the nuances of micro retail…
- Bharti Realty To Develop Commercial District Near Delhi’s Airport 04 March 2024, rprealtyplus.com Bharti Realty, the real estate arm of Bharti Enterprises, is planning to develop a large district near Delhi’s airport comprising 17 million sq ft of commercial area to tap a surge in demand for premium office and retail spaces, a top company official said…
- Zepto, Blinkit adding fashion, electronics, beauty and more 04 March 2024, retail.economictimes.indiatimes.com Blinkit and Zepto are entering the fashion segment, partnering with apparel firms and sellers for listing of brands including Adidas, Pepe Jeans, Jockey, Manyavar, XYXX and Mad Over Print. While this is new territory for both platforms, people aware of the developments say the companies could end up becoming the go-to destinations for shoppers in certain use cases. ..
- Britannia explores JVs to enter high-margin categories such as chocolates, fresh dairy and salty snacks 04 March 2024, retail.economictimes.indiatimes.com ”Chocolates is a big market but difficult to penetrate and therefore, it will only be through a JV if and when it is possible,” he said. “We are present in multiple categories and want to get them larger before going to others. The go-to-market strategy with the help of Bain will help identify blank spaces more precisely to ensure improved distribution of its products across markets,” Varun Berry, vice-chairman and MD, said…
- Innovation and tech helping restaurants improve profitability 04 March 2024, retail.economictimes.indiatimes.com Changing consumer preferences are forcing the food service industry to innovate to increase its profitability. At the Great India Retail Summit 2024, the industry stalwarts discussed on the compelling topic, ‘savoring success: tackling challenges and boosting profits as F&B brands evolve into culinary hotspots’…
- Apple set to hit sweet spot with Rs 70,000-crore India sales 04 March 2024, retail.economictimes.indiatimes.com Analysts said the pace of expansion may slow in the next few years but will remain in the high double digits. The data cited refer to domestic sales, with iPhones accounting for 90-92% of sales. iPhone exports are not accounted for in Apple India’s books since these are global deals and the local unit is a sales entity…
- Godrej & Boyce to increase focus on smaller cities, invest Rs 40 crore in 3 years on distribution 04 March 2024, retail.economictimes.indiatimes.com The company is targeting to grow its topline by 15-20 per cent per year, and it hopes for the store expansion to be one among several initiatives to realise its aim, the spokesperson added. When asked if the expansion activities will be franchisee-driven, the spokesperson said the store expansion will be both “company and channel-driven”…
- Fireside Chat on Creators’ Commerce Impact: Ashish Chanchlani on Creator Economy and brand deals 04 March 2024, retail.economictimes.indiatimes.com Catch Ashish Chanchlani, YouTuber & Actor at ETRetail GIRS 2024 in a fireside chat on Creators’ commerce impact: Ashish Chanchlani on creator economy, brand deals, and redefining retail…
- Fireside Chat on Innovations in Retail Space: Redefining Luxury Store Concepts for the Indian Market 04 March 2024, retail.economictimes.indiatimes.com Catch Neeta Lulla, Indian Fashion Designer at ETRetail GIRS 2024 in a fireside chat on Innovations in retail spaces: Redefining luxury store concepts for the Indian market…
- HCCB invests Rs 350 cr in Madhya Pradesh 04 March 2024, retail.economictimes.indiatimes.com The investment will be used to introduce 2 manufacturing lines at HCCB’s factory in Rajgarh that will provide affordable small sparkling packs (ASSP) and juice tetra packs…
- Ice cream sales sizzle before summer onset 04 March 2024, retail.economictimes.indiatimes.com Ice cream sales in Gujarat have grown 15% in February, driven by in-house and out-of-home consumption. Amul is expanding with new plants in Kutch, Surendranagar, Taloja, Pune, Ujjain, and Varanasi. Experts predict bumper growth in 2024-25 due to increased rural demand and stable milk powder prices…
- ‘FMCG sector is emerging as a key employer in UP’ 04 March 2024, retail.economictimes.indiatimes.com Listing some key projects, the spokesperson said that Varun Beverages Limited has joined the league of major investors in the FMCG sector in UP through GBC 4.0 and is set to establish manufacturing plants in Purvanchal, Bundelkhand and Madhyanchal regions (Prayagraj, Gorakhpur, Amethi and Chitrakoot at a cost of Rs 3,500 crore)…
- Retail leaders emphasize the importance of loyalty programs and in-store technology to retain consumers 04 March 2024, retail.economictimes.indiatimes.com The loyalty programs have evolved over the years. Retailers think about how to retain customers and ensure footfall, revolving around this concept retail leaders shared their insights in a panel discussion at the Great India Retail Summit 2024 held on 15 and 16th February in Mumbai titled ‘Loyalty programs and in-store technology: rewarding and retaining customers’…
- Brands elevating product packaging and presentation for enhanced brand perception 04 March 2024, retail.economictimes.indiatimes.com For product packaging, different brands have different brand philosophies and different categories have different demands. An esteemed set of panelists delved deeper into the topic “Elevating product packaging and presentation: Strategies for enhanced brand perception” at the Great India Retail Summit to understand how the right packaging helps brands in winning loyal consumers…
- Franck Provost Debuts Parisian Salon in Bangalore’s Indiranagar 04 March 2024, indianretailer.com In a significant move for India’s beauty retail landscape, Franck Provost, Europe’s premier hair salon brand, marked the inauguration of its maiden Indian salon in Indiranagar, Bangalore…
- Embracing Social Commerce for a New Era of Retail 04 March 2024, indianretailer.com In the ever-evolving landscape of commerce, the transition from brick-and-mortar stores to virtual marketplaces has been nothing short of revolutionary. Over the past few decades, the advent of e-commerce has transformed the way…
- Over 60 pc consumers prefer shopping via apps, says report 02 March 2024, retail.economictimes.indiatimes.com In recent years, approximately 12.5 crore consumers in India have embraced online shopping, with a significant portion hailing from tier-II, -III, and -IV cities…
- Fashion designer Neeta Lulla on redefining luxury store concepts for the Indian market 02 March 2024, retail.economictimes.indiatimes.com On luxury retailers adopting tech, she said augmented reality, magic mirrors, etc, are great if consumers are buying a bag, glasses, T-shirts, or shirts but when it comes to buying something expensive, they still prefer to touch and feel the product and this is imbibed in our system…
- Navigating digital transformation: Retail leaders share key challenges in adopting an omnichannel retail strategy 02 March 2024, retail.economictimes.indiatimes.com Panel discussion on navigating the digital transformation: Key challenges in adopting an omnichannel retail strategy at the Great India Retail Summit 2024…
- Retailtainment revolution: Bridging tech and entertainment at Great India Retail Summit 2024 02 March 2024, retail.economictimes.indiatimes.com The summit featured a compelling panel discussion titled ‘Retailtainment: Innovative approaches to captivate today’s consumer,’ where key players shared their insights on the evolving landscape…
- How India and Bharat shop for goods online: A look into the carts 02 March 2024, retail.economictimes.indiatimes.com Online shopping trend expands beyond metros due to growing digital literacy and internet connectivity. PwC report identifies key differences in preferences of online shoppers in big cities and small towns. Urban dwellers prioritize prompt delivery services for instant gratification at a premium price in urban areas…
- Target set for sales rebound in 2024, despite holiday blues 02 March 2024, retail.economictimes.indiatimes.com The Minneapolis-based firm is expected to report a 4.6% drop in comparable sales for the holiday quarter and a 3.6% decline for the year, according to LSEG estimates…
- GST collection rises 12.5% YoY to ₹1.68 lakh crore in February, gross FY24 sum at ₹18.4 lakh crore 02 March 2024, livemint.com The GST collection in February grew 12.5 per cent to over ₹1.68 lakh crore, buoyed by domestic transactions, the finance ministry said on Friday…
- Beiersdorf warns of slowing sales growth amid soft demand 02 March 2024, retail.economictimes.indiatimes.com Beiersdorf, which typically sets cautious guidance, recorded full-year sales of 9.5 billion euros ($10.3 billion), up from 8.8 billion euros in 2022, in line with Beiersdorf’s guidance for low-double-digit organic growth. The German company cautioned that sales growth would slow to a mid-single-digit percentage this year…
- Best Buy thrives in holiday quarter on discounts, paid memberships 02 March 2024, retail.economictimes.indiatimes.com Shares of the top U.S. electronics retailer rose 5% as it forecast a recovery in comparable sales in the back half of 2024 and said it would cut some roles without giving more details…
- Nippon Paint Expands Offline Presence with Paint House Launch in Bengaluru 02 March 2024, indianretailer.com Nippon Paint has taken a significant stride in expanding its footprint in Karnataka with the inauguration of Paint House in Bengaluru. Located at #236/2, Ground Floor, Jnan Jyothi Complex, Opp. Seshadripuram College, Magadi Road, B-23, this store marks a strategic move for Nippon Paint in the vibrant state…
- Snitch Expands Offline Presence in Surat with Debut Megastore at VR Mall 02 March 2024, indianretailer.com Snitch has made its mark in Surat, one of India’s fastest-growing cities, with the inauguration of its first megastore at VR Mall, a premier community-oriented lifestyle destination in the heart of the city…
- Imagine Tresor Opens Store at Reach 3 Roads, Gurugram 02 March 2024, indianretailer.com In a significant move for the retail landscape in India, Imagine Tresor, the authorized Apple retailer, recently inaugurated its expansive store at Reach 3 Roads in Gurugram…
- The Impact of Red Sea Crisis on Retail Sector: Measures Logistics Players are Taking to Sustain Demand and Supply 02 March 2024, retail.economictimes.indiatimes.com The Red Sea crisis, sparked by escalating tensions in the region, has cast a shadow of uncertainty over various industries, with the retail sector being significantly affected…
- Navigating the Future: Retail Trends Shaping 2024 and Beyond 02 March 2024, indianretailer.com In the retail world of 2024, we’re witnessing a fascinating transformation driven by tech advancements. Retailers are diving into innovative tools like AI, machine learning, and cloud systems to streamline operations & enhance..
- How The Organic World’s Pledge to Reach 100 Stores in 18 Months will Disrupt India’s Retail Landscape 02 March 2024, indianretailer.com In 2017, The Organic World (TOW), sprouted as the green heart of Nimida Group in Bengaluru, sowing the seeds of sustainability to cultivate positive change in our way of life…
- February 2024’s Funding Frenzy Fuels Retail Innovation and Expansion Across Diverse Sectors 02 March 2024, indianretailer.com In the dynamic world of retail, innovation, and growth go hand in hand, with visionary brands constantly pushing boundaries to meet evolving consumer demands. February 2024 witnessed a flurry of funding activity, with several retail brands securing significant investments to propel their expansion and innovation efforts…
- Definition, Landscape and Market Impact 02 March 2024, indianretailer.com Retail investors, also known as individual investors, are the everyday people who drive a significant portion of the financial market. They are the ones making investment decisions for their own personal goals, not managing funds for others…
- Gyproc India Advances Sustainable Retail Construction with Low-Carbon Plasters 02 March 2024, indianretailer.com Gyproc India has introduced a significant development at its Tiruvallur facility, revealing the production of low-carbon plasters…
- UNIQLO Reveals PEACE FOR ALL Designs by Global Contributors 02 March 2024, indianretailer.com Global retail giant UNIQLO has unveiled four new designs for its ongoing PEACE FOR ALL charity T-shirt project, expressing a shared desire for peace. Collaborators, each with close ties to UNIQLO, provide unique designs for the T-shirts, with all profits from sales dedicated to international humanitarian organizations…
- Pidilite Industries Strengthens Leadership for Retail Growth in India 02 March 2024, retail.economictimes.indiatimes.com In a strategic move, the Board of Directors of Pidilite Industries Limited has given the nod for the appointment of Sudhanshu Vats as Managing Director Designate and Kavinder Singh as Executive Director and Joint Managing Director Designate…
- Zepto launches membership programme for all users 01 March 2024, retail.economictimes.indiatimes.com The membership, priced at between Rs 149 and Rs 299 per month for various users, will allow for free deliveries of orders above Rs 99…
- Pidilite appoints Sudhanshu Vats as MD designate; Bharat Puri to step down 01 March 2024, retail.economictimes.indiatimes.com The board of Pidilite — maker of Fevicol, Dr Fixit, Fevikwik and M-Seal — at its meeting held on Thursday approved the appointment of Vats as Managing Director Designate, who is currently Deputy Managing Director of Pidilite Industries…
- E-commerce drives one-third of biz for Disney Consumer Products, says top official 01 March 2024, retail.economictimes.indiatimes.com Speaking exclusively at The Great India Retail Summit 2024, held earlier this month in Mumbai, Sanjeet Mehta, ED- Indonesia, MENA & India (Disney Consumer Products), The Walt Disney Company, said, “Modern trade and e-commerce have been quite important channels for us. About a third of our business comes from e-commerce. It’s a high-growth channel for us.”..
- V2 Retail plans to open 25 stores in next 4 months; focus on product development 01 March 2024, retail.economictimes.indiatimes.com Akash Agarwal, Director of V2 Retail said the profitability is in focus and the company is aiming to achieve an EBITDA of Rs 100 crore in the upcoming fiscal year. In a BSE filing in February 2024, the company said its EBITDA for the third quarter ended December 2023, stood at Rs 60.9 crore as compared to Rs 38.1 crore in Q3 FY23, registering a year-on-year (YoY) growth of 60 per cent…
- Premium segment to clock robust growth over 3-4 years: CK Venkataraman, MD, Titan 01 March 2024, retail.economictimes.indiatimes.com “In the significant per-capita income shift that’s expected to happen in the next few years, the top-tier income segment numbers are expected to grow faster than those income segments which are lower,” said Venkataraman, winner of the ET Business Leader of the Year award…
- Dabur’s Mohit Malhotra on crafting the future of retail in India 01 March 2024, retail.economictimes.indiatimes.com Talking about the changing consumer behavior, he said, India is getting younger and this younger population will embrace brands, retail environments, and ecosystems that are talking about responsibility, sustainability, social improvement, respectfulness, and transparency. Clean label is the future of the country…
- United Breweries launches London Pilsner Beer in Karnataka 01 March 2024, thehindubusinessline.com Karnataka is the second market after Maharashtra where London Pilsner is going to be available United Breweries Limited (UBL), part of the Heineken company, has launched London Pilsner Strong Beer in Karnataka….
- Restaurant chain startup Bansooriwala’s looks to expand presence in North India 01 March 2024, retail.economictimes.indiatimes.com The company said the first outlet will open on the Delhi-Mumbai expressway in coming months. With the launch of these outlets, the firm is expecting four times more revenue generation in FY 2024-25 compared to FY 2023-24…
- Indian economy grows 8.4% in Q3FY24; full-year estimate up to 7.6% 01 March 2024, retail.economictimes.indiatimes.com The Indian economy experienced a faster-than-anticipated expansion of 8.4% in Q3FY24, pushing FY24 growth to 7.6%, up from 7.3% in January. The growth was primarily driven by investment and manufacturing, but also by a downward revision to the previous year’s numbers and a boost in net taxes. The growth reached its highest level in one and a half years, with the FY23 number revised downwards to 7% from 7.2% projected earlier…
- Fast-growing retail sector fuelling demand for commercial space 01 March 2024, retail.economictimes.indiatimes.com Homegrown retail brands like Zudio, D-Mart, Style Union, Ratnadeep, Reliance Trends and Azorte are rapidly scaling up their operations, in turn leasing sizable real estate…
- Livpure expands in the South market with Inflame Appliances 01 March 2024, retail.economictimes.indiatimes.com With this collaboration, Livpure aims to meet the demand for chimneys in the region and further solidify its foothold in the South Indian market, read the release…
- Somany Impresa Group appoints Shashvat Somany as head of strategy 01 March 2024, retail.economictimes.indiatimes.com “I am thrilled to embark on this new chapter with Somany Impresa Group. The Group’s commitment to innovation and forward-thinking approach is truly inspiring,’ said Shasvant Somany, head of strategy, Somany Impresa Group…
- Etchcraft Emporium Expands Global Presence with Focus on American Market 01 March 2024, indianretailer.com India’s Etchcraft Emporium, renowned for instant customization and engraving, is making waves internationally with a strategic thrust into the thriving American market…
- Bay Window Opens Gachibowli Concept Gallery 01 March 2024, indianretailer.com Bay Window has announced the opening of a new concept gallery in Gachibowli, Hyderabad. Expanding from its flagship space in Jubilee Hills, this 6500 sq.ft gallery aims to redefine the furniture shopping experience with a focus on technology and design…
- Aditya Birla Fashion and Retail Marks a Decade of Sustainability with “Fashionabling Earth” 01 March 2024, indianretailer.com Aditya Birla Fashion and Retail Limited (ABFRL) proudly unveils “Fashionabling Earth,” a 3D coffee table book, at Bharat Tex 2024…
- True Diamond Takes Center Stage in India’s Lab-Grown Diamond Retail 01 March 2024, indianretailer.com True Diamond has announced its debut as a premier destination for luxury lab-grown diamond jewelry. With a commitment to redefining diamond jewelry through artistry, technology, and sustainability, True Diamond aims to set a new standard for elegance and ethics…
- Da Milano Sets a New Standard for Spring Trends 01 March 2024, indianretailer.com Da Milano has introduced its much-anticipated Spring Summer 2024 collection, representing refined taste and sophistication that encourages individuals to embrace their true selves through effortless styling…
- What is Retail Price | Meaning & Formula Explained and How to Calculate It 01 March 2024, retail.economictimes.indiatimes.com Imagine you’re walking through a grocery store, overwhelmed by choices. A sea of similar products beckons, each with a price tag whispering its value proposition. But how do these prices come to be? The answer lies in the…
- Yoho Shakes Up Indian Sneaker Scene with Blinc 01 March 2024, indianretailer.com Yoho, a D2C brand renowned for its comfortable footwear, has launched India’s first-ever hands-free sneakers – Blinc. Available in various colors, including four for men and nine for women, Blinc seamlessly blends style with functionality, ensuring every step is a testament to comfort and convenience…
- UNIREC Highlights Sustainable Fashion at Bharat Tex – 2024 01 March 2024, indianretailer.com UNIREC has announced its participation in Bharat Tex – 2024, a significant event in India’s textile industry. This event, driven by Prime Minister Modi’s 5F Vision, focuses on a comprehensive farm-to-foreign approach in the textile supply chain, involving fiber, fabric, and fashion…
- Zepto launches membership programme for all users 01 March 2024, retail.economictimes.indiatimes.com The membership, priced at between Rs 149 and Rs 299 per month for various users, will allow for free deliveries of orders above Rs 99…
- Pidilite appoints Sudhanshu Vats as MD designate; Bharat Puri to step down 01 March 2024, retail.economictimes.indiatimes.com The board of Pidilite — maker of Fevicol, Dr Fixit, Fevikwik and M-Seal — at its meeting held on Thursday approved the appointment of Vats as Managing Director Designate, who is currently Deputy Managing Director of Pidilite Industries…
- E-commerce drives one-third of biz for Disney Consumer Products, says top official 01 March 2024, retail.economictimes.indiatimes.com Speaking exclusively at The Great India Retail Summit 2024, held earlier this month in Mumbai, Sanjeet Mehta, ED- Indonesia, MENA & India (Disney Consumer Products), The Walt Disney Company, said, “Modern trade and e-commerce have been quite important channels for us. About a third of our business comes from e-commerce. It’s a high-growth channel for us.”..
- V2 Retail plans to open 25 stores in next 4 months; focus on product development 01 March 2024, retail.economictimes.indiatimes.com Akash Agarwal, Director of V2 Retail said the profitability is in focus and the company is aiming to achieve an EBITDA of Rs 100 crore in the upcoming fiscal year. In a BSE filing in February 2024, the company said its EBITDA for the third quarter ended December 2023, stood at Rs 60.9 crore as compared to Rs 38.1 crore in Q3 FY23, registering a year-on-year (YoY) growth of 60 per cent…
- Premium segment to clock robust growth over 3-4 years: CK Venkataraman, MD, Titan 01 March 2024, retail.economictimes.indiatimes.com “In the significant per-capita income shift that’s expected to happen in the next few years, the top-tier income segment numbers are expected to grow faster than those income segments which are lower,” said Venkataraman, winner of the ET Business Leader of the Year award…
- Dabur’s Mohit Malhotra on crafting the future of retail in India 01 March 2024, retail.economictimes.indiatimes.com Talking about the changing consumer behavior, he said, India is getting younger and this younger population will embrace brands, retail environments, and ecosystems that are talking about responsibility, sustainability, social improvement, respectfulness, and transparency. Clean label is the future of the country…
- United Breweries launches London Pilsner Beer in Karnataka 01 March 2024, thehindubusinessline.com Karnataka is the second market after Maharashtra where London Pilsner is going to be available United Breweries Limited (UBL), part of the Heineken company, has launched London Pilsner Strong Beer in Karnataka….
- Restaurant chain startup Bansooriwala’s looks to expand presence in North India 01 March 2024, retail.economictimes.indiatimes.com The company said the first outlet will open on the Delhi-Mumbai expressway in coming months. With the launch of these outlets, the firm is expecting four times more revenue generation in FY 2024-25 compared to FY 2023-24…
- Indian economy grows 8.4% in Q3FY24; full-year estimate up to 7.6% 01 March 2024, retail.economictimes.indiatimes.com The Indian economy experienced a faster-than-anticipated expansion of 8.4% in Q3FY24, pushing FY24 growth to 7.6%, up from 7.3% in January. The growth was primarily driven by investment and manufacturing, but also by a downward revision to the previous year’s numbers and a boost in net taxes. The growth reached its highest level in one and a half years, with the FY23 number revised downwards to 7% from 7.2% projected earlier…
- Fast-growing retail sector fuelling demand for commercial space 01 March 2024, retail.economictimes.indiatimes.com Homegrown retail brands like Zudio, D-Mart, Style Union, Ratnadeep, Reliance Trends and Azorte are rapidly scaling up their operations, in turn leasing sizable real estate…
- Livpure expands in the South market with Inflame Appliances 01 March 2024, retail.economictimes.indiatimes.com With this collaboration, Livpure aims to meet the demand for chimneys in the region and further solidify its foothold in the South Indian market, read the release…
- Somany Impresa Group appoints Shashvat Somany as head of strategy 01 March 2024, retail.economictimes.indiatimes.com “I am thrilled to embark on this new chapter with Somany Impresa Group. The Group’s commitment to innovation and forward-thinking approach is truly inspiring,’ said Shasvant Somany, head of strategy, Somany Impresa Group…
- Etchcraft Emporium Expands Global Presence with Focus on American Market 01 March 2024, indianretailer.com India’s Etchcraft Emporium, renowned for instant customization and engraving, is making waves internationally with a strategic thrust into the thriving American market…
- Bay Window Opens Gachibowli Concept Gallery 01 March 2024, indianretailer.com Bay Window has announced the opening of a new concept gallery in Gachibowli, Hyderabad. Expanding from its flagship space in Jubilee Hills, this 6500 sq.ft gallery aims to redefine the furniture shopping experience with a focus on technology and design…
- Aditya Birla Fashion and Retail Marks a Decade of Sustainability with “Fashionabling Earth” 01 March 2024, indianretailer.com Aditya Birla Fashion and Retail Limited (ABFRL) proudly unveils “Fashionabling Earth,” a 3D coffee table book, at Bharat Tex 2024…
- True Diamond Takes Center Stage in India’s Lab-Grown Diamond Retail 01 March 2024, indianretailer.com True Diamond has announced its debut as a premier destination for luxury lab-grown diamond jewelry. With a commitment to redefining diamond jewelry through artistry, technology, and sustainability, True Diamond aims to set a new standard for elegance and ethics…
- Da Milano Sets a New Standard for Spring Trends 01 March 2024, indianretailer.com Da Milano has introduced its much-anticipated Spring Summer 2024 collection, representing refined taste and sophistication that encourages individuals to embrace their true selves through effortless styling…
- What is Retail Price | Meaning & Formula Explained and How to Calculate It 01 March 2024, retail.economictimes.indiatimes.com Imagine you’re walking through a grocery store, overwhelmed by choices. A sea of similar products beckons, each with a price tag whispering its value proposition. But how do these prices come to be? The answer lies in the…
- Yoho Shakes Up Indian Sneaker Scene with Blinc 01 March 2024, indianretailer.com Yoho, a D2C brand renowned for its comfortable footwear, has launched India’s first-ever hands-free sneakers – Blinc. Available in various colors, including four for men and nine for women, Blinc seamlessly blends style with functionality, ensuring every step is a testament to comfort and convenience…
- UNIREC Highlights Sustainable Fashion at Bharat Tex – 2024 01 March 2024, indianretailer.com UNIREC has announced its participation in Bharat Tex – 2024, a significant event in India’s textile industry. This event, driven by Prime Minister Modi’s 5F Vision, focuses on a comprehensive farm-to-foreign approach in the textile supply chain, involving fiber, fabric, and fashion…
- Reliance Industries in talks to bring British fashion retailer Primark to India 29 Feb 2024, retail.economictimes.indiatimes.com Primark has been a successful value-priced retailer and its global revenue has exploded in the last few years, aside from two Covid-hit years. Average prices are even cheaper than retailers such as H&M and Uniqlo. While China is the largest source country for Primark, India is second in the number of small to large factories that supply the company. Nearshoring is already embedded in Primark’s supply chain strategy, and it can deliver goods from Indian suppliers directly to a local retail unit for cost control and flexibility while being responsive to local market needs…
- Indian retail market to soar to $2 trillion in next 10 years: Report 29 Feb 2024, retail.economictimes.indiatimes.com The drop in the growth rate for organized retailers is higher than that of category. Some large retailers have reported a decline in LFL store growth. Profitability at the same time has remained consistent and in line with global peers, the report said…
- Retail leaders lobby for industry status, level playing field with global brands 29 Feb 2024, retail.economictimes.indiatimes.com Speaking to ETRetail on the sidelines of the discussion, Rahul Mehta, Chief Mentor, CMAI said, “We want retail to be recognised as an industry. It is today a state subject, thus companies have to follow different regulations, leading to complexity.”..
- Reliance Consumer Products to bring Sri Lankan beverage brand Elephant House to India 29 Feb 2024, retail.economictimes.indiatimes.com Under this partnership, Reliance Consumer will manufacture, market, distribute and sell beverages under the Elephant House brand across India, the release read…
- Patna still can have six more malls, said Prakash Jha, Indian film producer, actor, and founder P&M Mall 29 Feb 2024, retail.economictimes.indiatimes.com ”The mall in Dhanbad spans across 6 lakh sq ft and has a six-screen cinema along with the retail brands. It is a mixed-used property and we will soon be opening a Radisson hotel over there,” he said…
- Brand narratives should resonate with changing consumer preferences, says The Good Glamm Group’s Priyanka Gill 29 Feb 2024, retail.economictimes.indiatimes.com The brand owners must know why their brand exists and what pain points the brand is solving for consumers and that’s when brand owners can build a compelling brand narrative, she stated…
- Lighthouse invests Rs 284 crore in jewellery brand Kushal’s 29 Feb 2024, retail.economictimes.indiatimes.com Kushal’s will use the funds to strengthen its brand and increase its retail footprint. The jewellery brand aims to open more than 300 stores in the next three to four years. The funds will also be used to build technology…
- Malabar Gold & Diamonds set to expand with 10 new Stores, targeting 350 global outlets by March 29 Feb 2024, retail.economictimes.indiatimes.com Malabar Gold and Diamonds plans to expand by opening ten new stores, aiming to reach a total of 350 stores globally by March. Currently ranked as the world’s sixth-largest jewellery group and 19th in Deloitte’s luxury goods global ranking, Malabar is making its first entry into Rajasthan and Puducherry with the new store openings in India…
- Macy’s Must Let Go of Its Middle-Class Fantasy 29 Feb 2024, livemint.com Macy’s Inc. is recycling an old turnaround strategy that smacks of desperation to keep the idea of the American middle class — and upward mobility — alive…
- Online seafood firm Captain Fresh acquires US-based distributor 29 Feb 2024, retail.economictimes.indiatimes.com Captain Fresh founder and chief executive Utham Gowda did not disclose the deal value, but said that his firm was fully acquiring CenSea in a cash-and-stock deal, with 90% of the consideration paid in cash. ..
- Baskin Robbins plans to reach 1,000 stores mark in India and SAARC region by 2024 29 Feb 2024, retail.economictimes.indiatimes.com The brand has invested Rs 100 crore in a new factory in India in 2022. With this the brand has made its product available in over 4,000 retail outlets…
- ASUS India Expands Retail Presence with New Pegasus Store in Noida 29 Feb 2024, indianretailer.com In a move to strengthen its retail presence across India, ASUS India, a prominent Taiwanese tech company, has unveiled the opening of the Pegasus store in Noida. Spanning 400 sq. ft., the new Pegasus store will offer a wide…
- Gargi Jewelry Strengthens Retail Presence in Shoppers Stop Outlets 29 Feb 2024, indianretailer.com Gargi by P N Gadgil and Sons (PNGS), a leading publicly listed fashion jewelry brand, recently announced the inauguration of its new shop-in-shop stores at Shoppers Stop outlets in Latur and Hyderabad…
- Satya Paul Elevates Retail Experience with Phoenix Palladium Store 29 Feb 2024, indianretailer.com Satya Paul opens the doors to its latest retail venture in the bustling city by the sea, situated in Phoenix Palladium. Spanning approximately 900 square feet, the experimental and bold space perfectly mirrors the fashion brand’s overarching ethos…
- 43 pc Prioritize Personalized Customer Support in Retail 29 Feb 2024, indianretailer.com In the fast-paced world of retail, delivering exceptional customer experience is not just a goal; it’s a necessity. From the traditional markets of Delhi to the tech-savvy hubs of Bangalore, the landscape of Indian retail is witnessing a…
- Agriculture Secretary Stresses Digital Role in Empowering Agri Sector 29 Feb 2024, indianretailer.com Manoj Ahuja, Secretary of the Ministry of Agriculture and Farmers Welfare, Government of India, highlighted the crucial role of digital infrastructure in propelling agricultural innovation and empowerment…
- Godrej Security Solutions Witnesses 15 pc Surge in Retail Biz 29 Feb 2024, indianretailer.com In a recent announcement, Godrej and Boyce, the flagship company of the Godrej Group, disclosed a robust 15 percent growth in its retail business, specifically within Godrej Security Solutions…
- India Set to Host Historic ‘Startup Mahakumbh’ Event 29 Feb 2024, indianretailer.com In a significant development for India’s burgeoning startup landscape, the country is poised to host its first-ever ‘Startup Mahakumbh’, a colossal celebration of innovation, entrepreneurship, and investment set to take place from March 18-20, 2024, at the esteemed Bharat Mandapam in Pragati Maidan, New Delhi…
- Overview of Retail Sector, Market Size, Growth 29 Feb 2024, indianretailer.com The vibrant tapestry of Indian retail is a captivating blend of tradition and innovation, a sector pulsating with immense potential…
- Residential Real Estate Construction Costs Rise By 0.7% In Q3FY24 28 Feb 2024, rprealtyplus.com The latest data from the TruBoard Real Estate Construction Cost Index indicates that developersare experiencing relatively mild cost pressures…
- Developers Acquire Total Of 1,947 Acres Land In CY2023 28 Feb 2024, rprealtyplus.com The year 2023 stands out as a record-breaking year for real estate across all asset classes reflected by the strong performance indicators of both demand and supply…
- Bharti Realty to build 17 million sq. ft. of office, retail space in Delhi 28 Feb 2024, indiaretailing.com Bharti Realty, the real estate arm of Bharti Enterprises, is planning to develop a large business district near Delhi’s airport comprising 17 million sq. ft. of commercial area to tap a surge in demand for premium office and retail spaces, a top company official said…
- IGP Expands Presence with Mumbai Retail Store Launch 28 Feb 2024, indianretailer.com IGP, a leading player in the gifting industry, has unveiled its inaugural retail store in Bandra West, Mumbai. This move signifies a strategic step in IGP’s customer engagement strategy, with plans to introduce two additional stores in…
- Madras Mandi Plans Extensive Offline Expansion with 20 New Stores in Chennai 28 Feb 2024, indianretailer.com Madras Mandi, a prominent fresh produce brand, is set to broaden its footprint in the Chennai market, aiming to launch 20 new stores across the city by the end of 2024…
- VIP Industries Opens Caprese Handbags Store 28 Feb 2024, indianretailer.com VIP Industries Limited has unveiled its inaugural exclusive Caprese handbags store in Delhi South Ex. The 300 sq ft. store signifies a significant stride in VIP Industries’ commitment to delivering the latest collections from the esteemed Caprese brand to the discerning audience in Delhi, India…
- Nat Habit Empowers Marketing Strategy with Ankita Srivastava as CMO 28 Feb 2024, indianretailer.com Amidst the dynamic expansion of India’s beauty and wellness industry, Nat Habit welcomes Ankita Srivastava as the Chief Marketing Officer, leveraging her extensive experience in shaping marketing strategies for some of the country’s most beloved personal care brands…
- Unveiling India’s Retail Revolution: Tech Disruptions, Consumer Shifts, and the Future of E-Commerce 28 Feb 2024, indianretailer.com India’s retail industry is undergoing an unprecedented transformation driven by technological disruptions, evolving consumer behavior and new innovations redefining the retail experience…
- Shadowfax Bags $100 mn in Series E Funding Round to Expand Logistics Network 28 Feb 2024, indianretailer.com Shadowfax has concluded its Series E funding round, raising $100 million in investments, led by TPG NewQuest, with continued support from existing investors, such as Mirae Asset Venture Investments (India), Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital…
- Will Cafe and Retail Fusion Reshape Restaurant Business 28 Feb 2024, irecwire.com Traditionally, cafe and retail spaces have often been associated with coffee shops selling their in-house brands such as Roastery House or Blue Tokai…
- Indian State to Inspect Global Fast-Food Chains Post McDonald’s Cheese Crackdown 28 Feb 2024, indianretailer.com Maharashtra will expand its inspection to global fast-food chain outlets, investigating the misrepresentation of products claiming to contain real cheese but possibly using alternatives…
- Kailash Gundupalli Appointed as Executive Chef at The Westin Mumbai Powai 28 Feb 2024, indianretailer.com The Westin Mumbai Powai Lake & Lakeside Chalet Mumbai – Marriott Executive Apartments has named Kailash Gundupalli as its executive chef, marking a significant addition to the executive committee management…
- Courtyard by Marriott Bengaluru Hebbal brings Mughlai Darbar to Namma Bengaluru 28 Feb 2024, indianretailer.com Nazaara is the renowned rooftop restaurant at Courtyard by Marriott Bengaluru Hebbal, recognized for its exceptional food festivals, is gearing up to launch a 10-day culinary extravaganza from March 1st to March 10th…
- Quick Service Restaurants Struggle amid Revenue, Margin Pressures: Report 28 Feb 2024, indianretailer.com The surge in food delivery platforms such as Zomato and Swiggy has posed significant challenges for quick service restaurant (QSR) operators, leading to considerable strain on their revenue and margins…
- Priyank Sukhija Unveils Bizou-Bizou in Aerocity 28 Feb 2024, indianretailer.com Priyank Sukhija is renowned for crafting unparalleled dining experiences, introduces his newest creation, Bizou-Bizou…
- Joy Personal Care and Gujarat Giants Team Up for Inclusivity in Sports 28 Feb 2024, indianretailer.com Joy Personal Care joins hands with Gujarat Giants as an associate sponsor for the Women’s Premier League. The collaboration extends beyond sports, embodying Joy’s commitment to breaking beauty stereotypes and fostering a more inclusive narrative…
- Ira by Orchid Hotels, Nashik Appoints Amol Dhurve as General Manager 28 Feb 2024, retail.economictimes.indiatimes.com Ira by Orchid Hotels is a recently established venue known for its outstanding hospitality and quality, has declared Amol Dhurve as its General Manager…
- Snitch appoints Varun Muralidharan as lead retail operations and projects head 28 Feb 2024, retail.economictimes.indiatimes.com Commenting on his appointment, Siddharth Dungerwal, founder, Snitch said, “With his innovative thinking and customer-centric approach, we are confident in his ability to further our mission of providing seamless and enjoyable shopping experiences for our customers.”..
- Puma sees weaker first half due to “challenging” market 28 Feb 2024, retail.economictimes.indiatimes.com Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods…
- World Gold Council names Sachin Jain new India CEO 28 Feb 2024, retail.economictimes.indiatimes.com Sachin Jain, appointed as the new CEO for India by the World Gold Council, brings a deep understanding of the Indian consumer and jewellery market. He joins from De Beers, where he led the De Beers Forevermark business in India and the Middle East…
- Swiggy changes company’s registered name to reflect ‘core brand’ ahead of planned IPO 27 Feb 2024, retail.economictimes.indiatimes.com Swiggy Pvt Ltd (formerly Bundl Technologies Pvt Ltd) changed its name for brand proximity. It operates under brands like Instamart, Dine Out, and Genie. Swiggy is preparing for a $1 billion IPO and aims to achieve profitability by reducing costs. Zomato is its main rival…
- Quick service restaurants’ revenue, margin under severe stress; recovery seems distant: report 27 Feb 2024, retail.economictimes.indiatimes.com The report by French brokerage BNP Paribas stated that the rising popularity of food aggregators has hurt dine-in sales of quick service restaurants (QSR) and has also fragmented delivery sales. Also, with more restaurants partnering with food delivery platforms, consumers now have more options, leading to fragmented sales which are likely playing a part in the weakness in average daily sales of the QSR industry besides the general weakness in demand due to elevated inflation, the report highlighted…
- Regional content creators to be stars of the country, says YouTuber Ashish Chanchlani 27 Feb 2024, retail.economictimes.indiatimes.com ”Views are not the measure of how your brand will get a conversion,” Chanchlani asserted, highlighting the importance of understanding the creator’s audience and aligning brand messaging accordingly…
- Snapdeal expands its lifestyle portfolio; Onboards 1200 brands 27 Feb 2024, retail.economictimes.indiatimes.com “Our vision is to establish Snapdeal as the go-to destination for a value-centric lifestyle,” said Himanshu Chakrawarti, CEO, Snapdeal. Over the next 2 months, the e-tailer is aiming to add another 800 brands, the release read…
- Flipkart launches its fourth grocery fulfillment centre in West Bengal 27 Feb 2024, retail.economictimes.indiatimes.com The centre will generate more than 700 direct and indirect local jobs while providing nationwide market entry for thousands of local sellers, MSMEs, and small-scale farmers, read the release…
- Wendy’s burger price to go up after Uber-like strategy? 27 Feb 2024, retail.economictimes.indiatimes.com Wendy’s burger’s price will not remain static as it plans to introduce Uber-style dynamic pricing strategy..
- Nat Habit strengthens leadership team; eyes offline expansion 27 Feb 2024, retail.economictimes.indiatimes.com To accelerate the growth of the brand further, Das said, “We will be doing a brand awareness campaign in the coming quarter and we will also be foraying into the offline space with general trade and modern trade stores. Initially, we will be launching only 15 SKUs offline.”..
- Chumbak Unveils New Retail Outlet in Gurgaon 27 Feb 2024, indianretailer.com Chumbak, the leading lifestyle brand celebrated for its uniquely Indian-inspired homeware collection, is thrilled to announce the inauguration of its latest store at Good Earth City Centre Mall, Gurgaon, commencing operations on February 20, 2024…
- Gokyo Expands Retail Presence in Northern India with New Noida Store 27 Feb 2024, indianretailer.com Gokyo, India’s outdoor clothing and gear brand, has recently opened a new store in Noida, marking its entry into the North Capital Region…
- Apparel Group Expands Victoria’s Secret Presence with New Stores in Gurugram and Mumbai 27 Feb 2024, indianretailer.com In line with its ongoing nationwide expansion, Apparel Group, the global fashion, and retail conglomerate, has inaugurated two Victoria’s Secret stores in key locations of Gurugram and Mumbai…
- BOULT Strengthens Retail Presence in Andhra Pradesh and Telangana with Dikazo Solutions Partnership 27 Feb 2024, indianretailer.com BOULT continues its strategic retail expansion in India by collaborating with Dikazo Solutions Private Limited, the newly appointed distributor partner for the Andhra Pradesh and Telangana markets…
- Welspun Living Joins Bharat Tex 2024 to Champion India’s Textile Legacy 27 Feb 2024, indianretailer.com Welspun Living Ltd is set to take part in Bharat Tex 2024, a national textile exhibition in New Delhi from February 26 to 29, 2024. This event symbolizes India’s standing in the global textile domain, and Welspun Living Ltd. is honored to be part of this significant initiative…
- Indian Navy Partners with Pee Safe for Women’s Hygiene in Armed Forces 27 Feb 2024, indianretailer.com In a significant collaboration, personal hygiene and wellness brand Pee Safe have joined forces with the Indian Navy and Navy Welfare and Wellness Association (NWWA) to provide essential hygiene products for women in the armed forces…
- Snapdeal Expands Affordable Retail Lineup with Leading Lifestyle Brands 27 Feb 2024, indianretailer.com Snapdeal has amplified its value lifestyle offerings to meet the growing demand for quality branded products at budget-friendly prices…
- Van Heusen Partners with Heftyverse for Virtual Fashion Fusion 27 Feb 2024, indianretailer.com Van Heusen, the premium fashion brand under Aditya Birla Fashion and Retail Limited, has joined forces with Hungama’s Heftyverse to redefine the online shopping landscape…
- Beautywise Secures Rs 6.5 Cr to Drive Retail Growth and Innovation 27 Feb 2024, indianretailer.com Indian beauty and wellness brand, Beautywise, has successfully concluded its first funding round, securing a significant Rs 6.5 crore. The brand, which already boasts a strong retail presence in over 500 pharmacies and enjoys endorsements from more than 150 Skin Clinics across India, witnessed a successful funding round led by AC Ventures, co-led by Fluid Ventures, Real-Time Angel Fund (RTAF), and GSF…
- Priyank Sukhija Unveils Bizou-Bizou in Aerocity 27 Feb 2024, indianretailer.com Priyank Sukhija is renowned for crafting unparalleled dining experiences, introduces his newest creation, Bizou-Bizou…
- Madras Mandi to Open 20 New Stores in Chennai 27 Feb 2024, indianretailer.com Madras Mandi has announced a significant initiative to strengthen its presence in the Chennai market. The brand intends to expand its offline reach extensively. By the conclusion of 2024, Madras Mandi plans to inaugurate 20 new stores across Chennai…
- Woodsmen Launches India’s First Mountain Whiskey 27 Feb 2024, indianretailer.com Ginglani Distillers introduces Woodsmen Mountain Whiskey, a locally crafted whisky originating from the Himalayas. Whiskey is crafted using mountain water and rich Himalayan malts, this Indian whiskey aims to revolutionize the industry by departing from conventional practices and encapsulating the spirit of the Himalayas in each taste…
- Jimmy’s Unveils New Range Of Martini Cocktail Mixers 27 Feb 2024, indianretailer.com Jimmy’s, is the leading Cocktail Mixer brand in India, is set to add sparkle with their latest lineup of Martini Cocktail mixers: Green Apple, Popstar, and an Espresso Martini…
- DLF To Launch Properties Worth Rs 80,000 Cr Over Next 3-4 Years 26 Feb 2024, retail.economictimes.indiatimes.com Realty major DLF plans to launch properties worth nearly Rs 80,000 crore over the next 3-4 years to tap rising demand for housing and commercial projects…
- GST Council may soon clarify tax exemption to RERA 26 Feb 2024, realty.economictimes.indiatimes.com According to the official, RERA, which functions as a regulator as well as facilitator for the realty sector, is covered under Article 243G of the Constitution dealing with powers, authority and responsibilities of panchayats…
- Price led growth set to make a return as FMCG companies eye hikes 26 Feb 2024, retail.economictimes.indiatimes.com Companies like Godrej Consumer Products, Dabur, and Emami said price-led growth will be back for the industry. Dabur said it has just taken a price increase by 2.5% for the food portfolio, while Emami said it is looking at around 3% price hikes this year…
- ABFRL’s Ashish Dikshit foresees India leading global retail innovation in next 5 years 26 Feb 2024, retail.economictimes.indiatimes.com Looking ahead, the industry veteran expressed confidence in India’s trajectory, envisioning a future where the nation sets the cutting edge in global retail innovation…
- Dockers forays into India market; aiming to open 25 stores by 2025 26 Feb 2024, retail.economictimes.indiatimes.com The brand is eyeing a robust physical presence with plans to open five stores this year in tier 1 and metro cities. Going ahead, it aims to open 20 more stores in the next year with offline expansion supported through department stores. The brand’s online channel will also be live from this week onwards, shared Berry Singh, COO of Ace Turtle, while outlining the rollout plans of the brand…
- Reliance Digital CEO highlights importance of customer trust and transparency in retail tech integration 26 Feb 2024, retail.economictimes.indiatimes.com Underscoring the significance of leveraging technology for empowering frontline employees, Bade emphasized the fundamental value of treating customers with utmost respect and offering them added value…
- Customer stickiness the most important metric, believes Kajal Aggarwal, actor and investor, T.A.C 26 Feb 2024, retail.economictimes.indiatimes.com “Customer stickiness is the most important metric for me. There is marketing and endorsements, but the brand and the products have to speak to the customer,” said Kajal Aggarwal, actor and investor…
- This is Zara’s secret weapon in fight against Shein 26 Feb 2024, retail.economictimes.indiatimes.com Inditex expands Lefties to compete with Shein. Lefties, originally for Zara’s excess inventory, expands to 17 countries, including emerging markets. In Spain, Lefties operates 25 stores and experiences significant growth. Inditex targets the value-focused market segment with budget-friendly options…
- Pansari Group to close FY24 at Rs 1800 crore revenue 26 Feb 2024, financialexpress.com The company is focusing on diversifying its product portfolio and expanding geographically in western and southern India…
- Acer to make home appliances in India, export too: MD Harish Kohli 26 Feb 2024, retail.economictimes.indiatimes.com Acer plans to manufacture and export appliances from India. The company is forming AcerPure to sell consumer appliances like water purifiers and refrigerators. It has acquired the preferential market access certification and is expanding into after-sales services through a subsidiary called High Point…
- ABFRL’s Ashish Dikshit foresees India leading global retail innovation in next 5 years 26 Feb 2024, retail.economictimes.indiatimes.com Looking ahead, the industry veteran expressed confidence in India’s trajectory, envisioning a future where the nation sets the cutting edge in global retail innovation…
- Luxury retailer Hermès is killing it these days 26 Feb 2024, businessinsider.in Despite a slowdown in luxury spending, Hermès’ stock has grown 27% over the past year. And while other brands have leaned into social media marketing and celebrity partnerships, Hermès has not…
- An Indian Supply Chain Revolution: Creating Routes of Resilience 26 Feb 2024, indianretailer.com Since the onset of the decade, supply chains have evolved into indispensable pillars for numerous Indian businesses and industries. What defines a well-orchestrated supply chain? The answer varies, ranging from cost efficiency to customer service and, more recently, resilience, sustainability, and artificial intelligence (AI)…
- McDonald’s Responds to Maharashtra’s Fake Cheese Accusations 26 Feb 2024, indianretailer.com After Maharashtra’s Food and Drugs Administration (FDA) conducted a crackdown, McDonald’s has reassured its customers that it strictly utilizes “authentic, premium-grade cheese” in its offerings…
- Luxury & sustainable real estate takes center stage at The Economic Times Real Estate Conclave & Awards 2024 24 Feb 2024, retail.economictimes.indiatimes.com The Economic Times Real Estate Conclave & Awards 2024 held in Taj Santacruz, Mumbai on February 23, 2024 witnesses gathering of top real estate stakeholders sharing their views on some of the pertinent issues of the Indian real estate sector…
- Maharashtra FDA cracks down on McDonald’s, catches fast food major using cheap vegetable oil in place of cheese 24 Feb 2024, retail.economictimes.indiatimes.com Maharashtra’s Food and Drug Administration (FDA) has cracked down on McDonald’s, suspending the licence of an outlet in Ahmednagar for allegedly using cheese substitutes without proper disclosure. As per TOI, McDonald’s has denied using substitutes. “…we want to reassure customers that we use only real, quality cheese in all our products,” a spokesperson said…
- Pernod Ricard to invest euro 200 million to build its biggest Asian distillery in Maharashtra 24 Feb 2024, retail.economictimes.indiatimes.com ”This investment is the opportunity for us to produce our own malt and not be dependent on any external sourcing for the Indian malt. It is part of our long-term plan and we always look at the development of our business; how much we can procure from our sister company Chivas Brothers, and what is the perception of the local Indian malt that some of our competitors have started to do the job of producing quality malt in India,” said Jean Touboul, managing director at Pernod Ricard India…
- CEO Insights: FMCG Industry, Q3 Performance, and Future Plans | Live from GIRS 24 Feb 2024, retail.economictimes.indiatimes.com Join us for an insightful session with Dabur’s CEO, Mohit Malhotra, as he discusses the FMCG industry’s trajectory, highlights the Q3 performance, and shares future plans. Tune in for valuable perspectives from ET Retail’s Great Indian Retail Summit…
- FMCG companies roll out online-first items for mass market 24 Feb 2024, retail.economictimes.indiatimes.com FMCG companies are targeting the mass segment by launching digital first products at lower prices due to the growth of e-commerce. This shift includes companies like Parle Products, Emami, Dabur, and Hindustan Unilever (HUL), driven by the need to reduce online costs and increase volume sales…
- Abhishek Shetty joins Swiggy Instamart as marketing lead 24 Feb 2024, retail.economictimes.indiatimes.com Shetty announced the appointment on his LinkedIn. He stated, “Excited by the opportunity to contribute to a dynamic and innovative company that is revolutionizing the way people experience convenience and accessibility in their daily lives. Instamart’s dedication to delivering exceptional service and seamless experiences resonates deeply with my passion for forging meaningful connections with customers.”…
- Weddings, festive rush boost gold demand by 20%, best in 15 years 24 Feb 2024, retail.economictimes.indiatimes.com The wedding and festive seasons in Kolkata have led to a 20% increase in gold demand. Prices have risen by Rs 16,000 per 10 grams compared to the pandemic and doubled in the last 10 years. Gold is considered an attractive investment option…
- Nestle, Danone see price hikes slowing after years of sharp increases 24 Feb 2024, retail.economictimes.indiatimes.com Nestle said it is seeing less impact from freight costs than in previous years although there has been some stress from attacks on shipping in the Red Sea. Their comments follow British rival Unilever, the maker of Ben & Jerry’s ice cream and Dove soap, which also said this month that price increases – which have helped fuel a protracted cost of living crisis – would start to ease…
- Westlife Foodworks ensures use of genuine cheese, engages with authorities 24 Feb 2024, thehindubusinessline.com Westlife Foodworld reiterated its commitment to using only high-quality cheese and emphasised its adherence to stringent food standards and applicable laws..
- KRBL committed to grow domestic business amidst highest ever quarter revenue in Q3FY24 24 Feb 2024, retail.economictimes.indiatimes.com KRBL Ltd. has been enhancing its focus on growing its India business over the past few quarters leading to 14% revenue growth Y-o-Y; this growth is primarily fuelled by a significant increase in branded basmati sales, alongside an impressive 158% surge in non-basmati sales…
- Actor-entrepreneur Sonu Sood’s multi-faceted philanthropy and entrepreneurial insights shine at ETRetail’s GIRS 2024 24 Feb 2024, retail.economictimes.indiatimes.com Speaking about the startup ecosystem in India and highlighting the challenges, Sonu Sood said, “I think a lot of people are getting into startups, but it’s not something very easy to crack and build. People have a lot of belief in their ideas and, somewhere execution and sustaining that momentum is a key challenge that most people face.”..
- Sonakshi Sinha and Srishti Raai: The power duo driving Soezi Beauty’s growth 24 Feb 2024, retail.economictimes.indiatimes.com Discussing the future trajectory of the brand, Srishti Raai co-founder of Soezi Beauty shared plans to enter and grow into offline retail, starting from tier 1 cities and gradually expanding to tier 2 cities this year. She also highlighted they are empowering women by prioritizing the recruitment of more female employees…
- Cheaper knockoffs take shine off big wearables brands 24 Feb 2024, retail.economictimes.indiatimes.com These products, which closely resemble the design of the Apple Watch and other premium smartwatches, are also pulling down the average selling price (ASP) in the industry to record lows, making it difficult for the entrenched brands to compete or “premiumise”, industry executives and experts said. The ASP in the wearable segment fell about 39% to $26.10 in 2023 from an already low $42.50 the previous year, se per IDC…
- What EPack Durable’s MD has to say on Q3 turnaround, debt and stock’s tepid show 24 Feb 2024, retail.economictimes.indiatimes.com EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company’s turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company’s falling debts, IPO proceeds and stock’s performance,..
- Shopping Splendour: Discover the 7 Biggest Malls in India 24 Feb 2024, retail.economictimes.indiatimes.com India is a country with a thriving cultural heritage. Additionally, the nation is quickly developing into a sanctuary for consumers looking for an unmatched shopping experience…
- California lifestyle apparel brand Dockers to expand operations in India 24 Feb 2024, economictimes.indiatimes.com California lifestyle apparel brand Dockers is betting big on India’s physical retail growth and has planned to open five stores in the first year of its entry to India in addition to entering 14 cities through Shoppers Stop…
- Baby Forest Unveils New Retail Store at Select City Walk Mall, New Delhi 24 Feb 2024, indianretailer.com Baby Forest has announced the opening of its new store at Select City Walk Mall, Saket, New Delhi. This 750 sq. ft. haven, designed by the Baby Forest team, draws inspiration from Moroccan architecture and features earthy tones for a minimalist vibe…
- Yousta by Reliance Retail Launches First Surat Store 24 Feb 2024, indianretailer.com Reliance Retail’s youth-centric fashion brand, Yousta, has entered the retail scene in Surat, Gujarat, aiming to capture the fashion-savvy audience with its trendy offerings…
- ace turtle Launches Dockers Store and E-commerce Hub in Delhi 24 Feb 2024, indianretailer.com ace turtle announced the introduction of Dockers, the renowned lifestyle apparel brand, in India. The first retail store, situated in Delhi’s Pacific Mall, offers a vibrant shopping experience, embodying the Californian spirit…
- Stovekraft Marks Offline Expansion with 150th Store in Bengaluru 24 Feb 2024, indianretailer.com Stovekraft Ltd achieved two significant milestones in its retail journey. The company proudly announced the opening of its 150th retail store in Jayanagar, Bengaluru, alongside securing the prestigious ‘Retailer of the Year’ award in the kitchen appliances category at the Asia Retail Congress, Mumbai…
- PAG Asia to invest Rs 400 crore in M3M India’s bonds 23 Feb 2024, realty.economictimes.indiatimes.com PAG’s Asia Pragati Strategic Investment Fund will invest in Lavish Buildmart, a 100% subsidiary of M3M India the real estate developer whose promoters were questioned by the Enforcement Directorate last year for unauthorised transactions with the IREO group…
- American Casualwear Brand Dockers Plans 20 Stores in India 23 Feb 2024, rli.uk.com California-based casualwear brand Dockers that has re-entered India by launching its first retail outlet at Pacific Mall, Netaji Subhash Place, New Delhi in partnership with Ace Turtle is looking to launch 20 stores in about two years…
- Ikea India shuts its Mumbai City store, might open another in Pune 23 Feb 2024, business-standard.com Furniture retailer Ikea India on Thursday said it will shut down its store in Mumbai’s R City Mall by the middle of this year and explore omnichannel formats in the city…
- Zara’s Sustainable Retail Revolution Unfolds in Ahmedabad’s Prime Locale 23 Feb 2024, indianretailer.com Zara has inaugurated its latest store in Ahmedabad’s prestigious Palladium area today, marking its second establishment in Gujarat, India…
- Aditya Birla Group to Disrupt Indian Decorative Paint Sector, Aims for Rs 10,000 Cr Revenue in 3-Years 23 Feb 2024, indianretailer.com In a strategic move echoing the dynamism of contemporary India, Aditya Birla Group Chairman, Kumar Mangalam Birla, unveiled the ambitious entry of the conglomerate into the Rs. 80,000 crore Indian decorative paints market…
- How The Body Shop India Shines Amidst Global Restructuring 23 Feb 2024, indianretailer.com Last week, the Directors of The Body Shop International Limited appointed Tony Wright, Geoff Rowley, and Alastair Massey from the business advisory firm FRP as Joint Administrators for the company’s UK operations. This decision was made in the context of restructuring the UK business…
- Profit and Loss Statement (P&L) Definition, Importance and Helpful Tips 23 Feb 2024, indianretailer.com In the competitive world of business, understanding your financial health is paramount. Profit and Loss (P&L) management sits at the heart of this understanding, empowering you to navigate towards sustainable growth and profitability…
- Off-Price Retailer: Definition , Features and Examples 23 Feb 2024, indianretailer.com In today’s cost-conscious environment, savvy shoppers are increasingly turning to off-price retailers for brand-name apparel, accessories, and home goods at significantly discounted prices. But what exactly are off-price retailers, and how can you navigate their unique shopping landscape to maximize your savings?..
- Mass-Market Retailer: Definition, Examples, Benefits & Future 23 Feb 2024, indianretailer.com Mass market retailers are commercial giants catering to a broad spectrum of consumers. They offer a diverse range of affordable products, spanning daily necessities to luxury items, under one roof…
- Definition , Advantages, Disadvantages & Examples 23 Feb 2024, retail.economictimes.indiatimes.com An independent retailer, often referred to as a “mom-and-pop shop,” is a retail business independently owned and operated, free from the constraints of a franchise agreement…
- 21 Best Stores Like Walmart in India for Great Prices (2024) 23 Feb 2024, indianretailer.com In today’s retail landscape, budget-conscious shoppers are actively seeking similar brands of Walmart in India, aiming to find similar value and convenience elsewhere…
- L’Oréal’s Absolut Repair Molecular Range Redefines Hair Repair Dynamics 23 Feb 2024, indianretailer.com In a notable stride towards advanced hair technology, L’Oréal Professionnel, the foremost professional hair tech brand, has introduced the revolutionary Absolut Repair Molecular range…
- Indic Wisdom Bags Rs 4 cr Investment Led by Inflection Point Ventures 23 Feb 2024, indianretailer.com Indic Wisdom has successfully secured Rs 4 crore in a Pre-Series A Round led by Inflection Point Ventures, with participation from Mahendra Sankhe, Launch Capital, Bifco Finance, and other High Net Worth Individuals (HNIs)…
- bigbasket Ramps Up Savings and Speed with Supersaver Revamp 23 Feb 2024, indianretailer.com In a strategic move to enhance its customer experience, bigbasket, a prominent player in the Indian retail sector and a TATA Enterprise, has recently rebranded its slotted delivery service as “bigbasket supersaver.”..
- How Anastasia Beverly Hills is Redefining Beauty Globally and Domination in the Indian Market 23 Feb 2024, irecwire.com Anastasia Beverly Hills, a global beauty icon, redefines glamour with innovative cosmetics. In India, it captivates hearts with inclusive products tailored to diverse tastes, promising a vibrant beauty journey ahead…
- BSH’s Vision 2026: Doubling Growth, Shaping Lifestyles, Reveals Saif Khan, MD & CEO 23 Feb 2024, irecwire.com Reshaping Siemens and fueled by localization, continuous innovation, and a commitment to shaping modern living, how BSH is setting sights on doubling growth by 2026..
- Nando’s Sets Foot in Bengaluru with New Restaurant Opening 23 Feb 2024, indianretailer.com Nando’s has recently debuted at a prominent spot in Hebbal, Bengaluru. The restaurant showcases authentic, modern Southern African artwork and furnishings…
- Bellona Hospitality Unveils Luxury Pan-Asian Restaurant ‘Eight’ in Bengaluru 23 Feb 2024, indianretailer.com Bellona Hospitality, a division of The Phoenix Mall of Asia has announced the grand opening of ‘Eight’ luxurious Pan-Asian bar and restaurant, marking its entrance into Bangalore…
- TopUber Eats Partners with Cartken, Mitsubishi for Robot Deliveries in Japan 23 Feb 2024, indianretailer.com Uber has joined hands with robotics firm Cartken and Japanese industrial titan Mitsubishi Electric to launch autonomous sidewalk robots to deliver Eats orders in parts of Tokyo starting March…
- Elan Group Appoints BENOY To Design First Luxury Mall Of Gurugram 22 Feb 2024, rprealtyplus.com In the dynamic world of real estate, Elan Group has sparked tremendous excitement with its appointment of BENOY, a globally recognized architectural firm, to design the 1st Luxury Mall of Gurugram…
- Jubilant Foodworks Ltd to open 250 outlets of Popeyes in the next 4 years 22 Feb 2024, retail.economictimes.indiatimes.com Popeyes has recently entered Delhi by opening its first outlet at Omaxe Chowk Mall. This is the 33rd outlet of the brand and within a week, it plans to open 3 more outlets in Delhi/ NCR – Pacific Mall Jasola, Pacific Mall Faridabad, and DLF Epitome Gurgaon…
- Flipkart looking to buy Reliance-backed Dunzo 22 Feb 2024, retail.economictimes.indiatimes.com While talks are still ongoing, complexities surrounding Dunzo’s ownership structure have impeded the two parties from coming to an understanding over a deal, the report said…
- Myntra appoints Venu Nair as chief of strategic partnerships and omni channel 22 Feb 2024, retail.economictimes.indiatimes.com In his new role, Nair will help Myntra’s international brands portfolio, forging strategic alliances with renowned global brands, and overseeing the omni-channel strategy for brands on the platform. His appointment underscores Myntra’s commitment to further strengthening its position as the preferred strategic partner for top fashion, beauty, and lifestyle brands seeking to capitalize on India’s burgeoning market potential…
- Yum restaurants India exits Devyani International; sells entire stake of Rs 871 crore 22 Feb 2024, retail.economictimes.indiatimes.com According to the block deal data available on the National Stock Exchange (NSE), Yum Restaurants India offloaded 5,30,83,330 shares, amounting to its 4.4 per cent stake in Devyani International. The shares were offloaded at an average price of Rs 164.10 apiece, taking the transaction value to Rs 871 crore…
- F&B Entrepreneurship Unveiled: Riyaaz Amlani’s Insights | Live from GIRS 22 Feb 2024, retail.economictimes.indiatimes.com Join us for a candid exploration of the entrepreneurial journey in the F&B industry with Riyaaz Amlani, Founder & Managing Director of Impresario Entertainment & Hospitality. The session , discover valuable lessons learned and insights gained from Amlani’s experiences. Tune in for an engaging conversation that delves into the dynamic world of F&B entrepreneurship, offering inspiration and wisdom for aspiring business minds…
- Empowering Women in Startups with Priyanka Gill | Live from GIRS 22 Feb 2024, retail.economictimes.indiatimes.com Join Priyanka Gill, Venture Partner at Kalaari Capital, for a powerful discussion on empowering women entrepreneurs in the startup world. Gain insights and inspiration for breaking barriers and fostering diversity…
- Growth Strategies with Samir K Modi, MD of Modi Enterprise | Live from GIRS 22 Feb 2024, retail.economictimes.indiatimes.com Explore diversification and expansion tactics with Samir K Modi, MD of Modi Enterprises. Gain quick insights into how conglomerates drive success across diverse industries…
- Marketing Revolution with Mahesh Narayanan, CMO of Netcore | Live from GIRS 22 Feb 2024, retail.economictimes.indiatimes.com Join Mahesh Narayanan as he shares how Netcore empowers marketers and utilizes Gen AI. Discover future industry-shaping technologies and insights on ChatGPT as a game-changer. Dive into a real brand example showcasing Netcore’s transformative impact on customer experience…
- Revolutionizing Fashion: Sunil Kataria, CEO of Raymond Lifestyle | Live from GIRS 22 Feb 2024, retail.economictimes.indiatimes.com Explore the transformation of traditional brands in the fashion industry with Sunil Kataria, CEO of Raymond Lifestyle. Gain insights into innovative strategies that are reshaping the fashion landscape…
- Entertainment segment leases 0.66 mn sq ft retail spaces last yr in top 7 cities: CBRE 22 Feb 2024, retail.economictimes.indiatimes.com There has been a 179 per cent annual surge in entertainment segment leasing of retail spaces across 7 Indian cities in 2023 to 0.66 million square feet, from 0.24 million square feet in the previous year, real estate consultant CBRE said in a statement on Tuesday…
- Top 10 Retail Brands Like Charles & Keith in India 22 Feb 2024, indianretailer.com In the realm of fashion-forward footwear and accessories, Charles & Keith has carved a niche for itself as an international brand renowned for its trendy designs and affordable prices…
- Jungle Ventures Invests $20 mn in Walko Food for Ice Cream Expansion Strategy 22 Feb 2024, indianretailer.com In a strategic move signaling sustained confidence in India’s burgeoning ice cream market, Singapore-based venture capital firm Jungle Ventures has injected an additional $20 million in growth funding into Walko Food, the country’s fastest-growing ice cream brand and leading quick-service restaurant (QSR) company…
- Rentomojo Bags Rs 210 Cr Investment to Fuel Growth in India’s Furniture Rental Market 22 Feb 2024, indianretailer.com In a strategic move to bolster its position in the rapidly evolving furniture and appliances rental sector in India, Rentomojo has successfully secured a significant investment of Rs 210 crore…
- BSH’s Vision 2026: Doubling Growth, Shaping Lifestyles, Reveals Saif Khan, MD & CEO 22 Feb 2024, irecwire.com Reshaping Siemens and fueled by localization, continuous innovation, and a commitment to shaping modern living, how BSH is setting sights on doubling growth by 2026..
- Japanese-Pan Asian Restobar ‘Megumi’ Launches in Mumbai 22 Feb 2024, indianretailer.com Megumi has opened its doors in Bandra, offering a lavish experience to locals. This unique establishment blends the intricacies of Japanese cuisine with the sophistication of fine dining…
- abCoffee Opens 25 Outlets in 20 Months, Targets 150 PAN India by 2024 22 Feb 2024, indianretailer.com abCoffee opens 25 outlets within a span of 20 months. All 25 outlets are company-owned and operated, showcasing remarkable expansion…
- Lifestyle Brand Macroman M Series partners with Ace Designer Rohit Bal 22 Feb 2024, indianretailer.com Lifestyle innerwear and leisurewear brand Macroman M Series proudly announced a ground-breaking partnership with ace designer Rohit Bal and launched MW Signature Collection…
- Papa Don’t Preach Collaborates with Viacom18 to Launch Garfield Collection 22 Feb 2024, indianretailer.com Viacom18 Consumer Products, the licensing and merchandising arm of Viacom18, has announced its first-ever collaboration with Papa Don’t Preach, an Indian luxury couture label, with a limited-edition Garfield collection of garments and accessories…
- Shivakumara Arehalli Joins CBRE As Head Of Health, Safety & Environment 21 Feb 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, announced the appointment of Shivakumara Arehalli as Head – Health, Safety & Environment for their PJM (Project Management) division in India…
- Amazon set to launch Meesho competitor Bazaar in fight for value customers 21 Feb 2024, retail.economictimes.indiatimes.com Amazon plans to wheel cart down value aisle, mirror Meesho model in fashion, lifestyle categories to tap value customers. It competes with Meesho, Flipkart’s Shopsy, and Reliance Industries’ Ajio Street, while also facing competition from Shein, Temu, and Pinduoduo in its home market…
- Flipkart boosts Q4 international sales for Walmart 21 Feb 2024, retail.economictimes.indiatimes.com Walmart’s international sales increased by 17.6% YoY to $32.4 billion, driven by Flipkart’s best Big Billion Days. Walmart aims to tap into new suppliers in India to meet its sourcing target of $10 billion worth of goods annually by 2027…
- Yum Restaurants likely to sell entire 4.4% stake in Devyani International via block deals: Report 21 Feb 2024, retail.economictimes.indiatimes.com Through the sale, Yum Restaurants plans to raise around Rs 815 crore, reports said. The floor price for the sale has been fixed at Rs 153.5 a share, which is at a discount of nearly 8% to the current price…
- Turkish jewellery brand Zen Diamond plans to enter Indian market with stores in top metros 21 Feb 2024, retail.economictimes.indiatimes.com The brand said that it also plans to establish stores in tier 1, tier 2, and tier 3 markets…
- Global research firm Kantar predicts continued decline in demand for FMCG products in India 21 Feb 2024, retail.economictimes.indiatimes.com Kantar, a global research firm, predicts a further decline in demand for daily groceries, essentials, and household products in India over the next few quarters. This projection extends the timeline for volume recovery in the fast-moving consumer goods (FMCG) industry, which experienced a slowdown in the December quarter…
- Amazon starts delivery service in Uttarakhand’s remote village at 4,500 feet 21 Feb 2024, retail.economictimes.indiatimes.com There are no shops or delivery options in and around the Ashram area. It is not only difficult but also time-consuming to deliver orders at this place, the company said…
- Malabar Gold, Titan and 4 other Indian brands on global list of top-100 luxury goods makers 21 Feb 2024, retail.economictimes.indiatimes.com Malabar Gold led the domestic contingent, claiming 19th rank as the top Indian international jewellery brand, followed by Tata group entity Titan Company which secured the 24th position…
- Nestle’s RUrban strategy yielding result: Narayanan 21 Feb 2024, financialexpress.com In 2021, Nestlé India declared that it would spread its reach to 120,000 villages by 2024 by sprucing up its rural distribution channels…
- abCoffee Opens 25th Outlet, Expands Coffee Hubs Across India 21 Feb 2024, retail.economictimes.indiatimes.com In a bold stride within the Indian retail landscape, abCoffee, the nation’s pioneering tech-enabled specialty coffee Quick Service Restaurant (QSR) chain, has achieved a remarkable feat – unveiling 25 decks in just 20 months…
- ASUS Expands Offline Presence with Nashik’s First Hybrid Store 21 Feb 2024, indianretailer.com ASUS India, a trailblazer in fostering online gaming communities, has unveiled its first Hybrid store in Nashik, marking a significant stride in the brand’s retail expansion across the country…
- Rangita Embarks on Offline Journey Across Andhra Pradesh 21 Feb 2024, retail.economictimes.indiatimes.com Rangita, a prominent direct-to-consumer (D2C) Indian fashion brand under Stellaro Brands, takes a strategic leap into offline retail with the inauguration of exclusive outlets in Visakhapatnam and Kakinada, Andhra Pradesh…
- Flyrobe’s New Chapter Begins in Nashik 21 Feb 2024, indianretailer.com Flyrobe has proudly inaugurated its latest retail venture in Nashik. This move signifies an exciting stride for the brand, extending its carefully curated assortment of designer ensembles to the style aficionados of the lively city…
- Reach 3 Roads Complex Welcomes Zudio and Misbu in Retail Endeavors 21 Feb 2024, retail.economictimes.indiatimes.com Zudio, a flagship brand under the Tata Group, and Misbu, a distinguished name in Fashion, Beauty, Accessories, and Decor, have strategically secured prime retail spaces at Reach 3 Roads, a sprawling open-air complex located in Sector 70, SPR Road, Gurgaon…
- Jimmy Choo’s The Crystal Slipper Dazzles in the Global Luxury Arena! 21 Feb 2024, indianretailer.com In the throes of a dazzling transformation, India’s luxury market is embracing a new era, fueled by cutting-edge technology and an unwavering commitment to sustainability…
- Defination, Formulas and Examples 21 Feb 2024, indianretailer.com The retail landscape is fiercely competitive, demanding meticulous management of finances and resources. Understanding retail math empowers you to navigate this dynamic environment, make informed decisions, and ultimately drive profit…
- Why is it Important to Combine Responsible AI with Generative AI? 21 Feb 2024, indianretailer.com Generative AI is a rapidly evolving field with the potential to revolutionize many aspects of our lives. From creating new forms of art and music to generating realistic images and text, generative AI systems like DALL-E 3 and GPT-4…
- What is a Grocery Store 21 Feb 2024, indianretailer.com Welcome to the fascinating world of grocery stores! These ubiquitous havens aren’t just simply places to get your weekly groceries; they’re intricately designed retail establishments catering to our daily needs and evolving cultural..
- Most of Our Products are Built in India: Puneet Chandok of Microsoft India 21 Feb 2024, indianretailer.com In a spirited discussion on AI and the retail industry, Puneet Chandok, President of Microsoft India and South Asia delved deeply into India’s role in transforming the world through Artificial Intelligence and technology enablement…
- Perpule launches UltraPOS! 21 Feb 2024, indianretailer.com PioneeringPerpule, an Omni-channel retail-tech company and announced the launch of its next-gen Point of Sale (POS) billing solution called UltraPOS…
- Whirlpool set to sell 24% stake in Indian unit for up to $451 mln 20 Feb 2024, retail.economictimes.indiatimes.com Whirlpool plans to sell the stake at Rs 1,230 per share, a 7.6% discount to Monday’s closing price. It aims to complete the deal by Wednesday. Goldman Sachs is advising Whirlpool on the deal, the term sheet showed. Goldman and Whirlpool did not immediately respond to requests for comment…
- Max Fashion eyeing to reach over 550 stores mark this year 20 Feb 2024, retail.economictimes.indiatimes.com On Monday, the company said it has opened its 500th store in Pune. Spread over 10,699 square feet across ground and plaza floors, the store showcases an array of fashionable apparel, footwear, accessories, and more, catering to every discerning taste…
- FMCG companies to limit B2B sales to level field for distributors 20 Feb 2024, retail.economictimes.indiatimes.com Leading consumer goods companies like Britannia, Dabur, Amul, and Parle are restricting sales to organized wholesalers like Flipkart Wholesale, Udaan, and Reliance Cash and Carry to avoid margin issues and cannibalization by traditional distributors. This helps them reach the vast network of kirana stores in India…
- Quick-commerce firm Zepto introduces membership programme 20 Feb 2024, retail.economictimes.indiatimes.com Zepto Pass is a membership program offering unlimited deliveries on orders over Rs 99 with up to 20% discounts. Zepto has become the second quick-commerce firm after Swiggy Instamart to offer subscription benefits…
- Malabar Gold, Titan and 4 other Indian brands on global list of top-100 luxury goods makers 20 Feb 2024, financialexpress.com Malabar Gold led the domestic contingent, claiming 19th rank as the top Indian international jewellery brand, followed by Tata group entity Titan Company which secured the 24th position…
- ‘Lifestyle’ inflation beats essentials 20 Feb 2024, retail.economictimes.indiatimes.com According to a report by Bank of Baroda’s economics department, from FY18 onwards, there has been an uptick in the lifestyle inflation rate. From 4% in FY18, it has inched up to 6.4% in FY23. During the same period, per capita gross national disposable income had a CAGR of 8.5%…
- Big consumer gap: Mass mkt lags, premium soars 20 Feb 2024, retail.economictimes.indiatimes.com Discretionary spending in India is divided between robust demand for premium brands and a sluggish mass market segment. High inflation impacts lower-income households. International travel, premium alcohol, beauty and personal care, and home improvement perform well. The FMCG sector struggles with low volume growth…
- Max Fashion Celebrates Milestone with 500th Store in Pune 20 Feb 2024, indianretailer.com Pioneering the global fashion landscape since its inception in 2006, Max Fashion marks a momentous occasion with the inauguration of its 500th store in Pune, India…
- Shoppers Stop Unveils SSBeauty T2 Store at Bangalore Airport 20 Feb 2024, indianretailer.com In a strategic move, Shoppers Stop, India’s premium fashion, beauty, and gifting omnichannel destination, reinforces its commitment to the beauty sector with the inauguration of its 11th store in India…
- D’YAVOL Elevates Travel Retail Standards with Mumbai Airport Debut 20 Feb 2024, indianretailer.com SLAB Ventures Netherlands and AB InBev India have proudly introduced D’YAVOL’s inaugural travel retail showcase at Chhatrapati Shivaji Maharaj International Airport, Mumbai…
- Gauri Khan & Manish Malhotra Spill the Beans on Crafting Luxury with Bonito Designs! 20 Feb 2024, indianretailer.com In the dazzling embrace of luxury and practicality, Gauri Khan, the celebrity interior designer, and Manish Malhotra, the fashion maestro, have woven their creative enchantment seamlessly into the essence of Bonito Designs…
- Makoba Showcases Exquisite Montegrappa Gladiator Range 20 Feb 2024, indianretailer.com In a distinctive venture, Makoba, the distinguished one-stop shop for all Premium Pens, introduces the Montegrappa Gladiator – an ultra-luxury, limited-edition writing instrument designed and crafted by Montegrappa in India…
- Convenience stores 20 Feb 2024, indianretailer.com Convenience stores, often affectionately called c-stores, are ubiquitous landmarks in our daily lives. These brightly lit beacons, strategically positioned on street corners and highway exits, offer a treasure trove of essential and unexpected items, catering to our need for instant gratification and everyday necessities…
- Discount Store 20 Feb 2024, indianretailer.com In today’s cost-conscious consumer landscape, discount stores emerge as havens for bargain hunters seeking quality products at attractive prices. But what exactly are they, how do they operate, and how can you strategically navigate…
- Chain Stores: Definition, Strategies & Examples 20 Feb 2024, indianretailer.com Prepare to enter the realm of retail giants, where convenience reigns and brands hold court. Chain stores, these ubiquitous players, have revolutionized how we shop…
- VLCC Appoints Vikas Gupta as MD and Group CEO to Drive Strategic Growth 20 Feb 2024, indianretailer.com In a significant leadership move, VLCC, the renowned beauty and skincare brand, has announced the elevation of its Group CEO, Vikas Gupta, to the role of Managing Director (MD) and Group CEO, effective immediately…
- Specialty Stores: Definition, Strategy & Examples 20 Feb 2024, indianretailer.com In today’s fast-paced retail landscape, where large corporations and online giants often dominate, specialty stores remain beacons of unique experiences and expert knowledge…
- Maharashtra is the Startup Capital of India: Deputy CM Devendra Fadnavis 20 Feb 2024, indianretailer.com Igniting the debate on the Mumbai versus Bengaluru startup ecosystem, Deputy Chief Minister Devendra Fadnavis, during Mumbai Tech Week, remarked that Maharashtra is the startup capital while Pune is the tech capital of the country…
- Coach Elevates Realism Paradigm in ‘Find Your Courage’ 20 Feb 2024, indianretailer.com Coach has unveiled its groundbreaking campaign, “Find Your Courage,” featuring a virtual human, model, and digital creator imma alongside Coach Family members Lil Nas X, Camila Mendes, Youngji Lee, Kōki, and Wu Jinyan…
- Basil Bags Rs 3.6 cr Seed Funding to Disrupt Indian Consumer Houseware Space 20 Feb 2024, indianretailer.com Basil has successfully raised Rs 3.6 crore in seed funding. Co-led by IIMA Ventures and Appreciate Capital, with notable angel investors onboard, Basil aims to redefine traditional norms in the industry…
- Afforest Green Beauty Disrupts Skincare Space with Jackfruit Innovation 20 Feb 2024, indianretailer.com Bengaluru-based beauty brand Afforest Green Beauty has introduced India’s inaugural Jackfruit Skincare Range, marking a pivotal moment in the brand’s dedication to innovative skincare solutions rooted in exotic forest ingredients…
- Beyoung Gains Strategic Investment from Abu Dhabi Royals for Global Retail Growth 20 Feb 2024, indianretailer.com In a significant development, Beyoung, a prominent Indian D2C fashion brand, has secured a strategic investment from The Royal Office of Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan…
- Baking Bad & SUGGA Join Forces for Bandra Launch 20 Feb 2024, indianretailer.com The concept of a cloud kitchen was born from the passion of long-time friends Arjun Jaiswal (Baking Bad) and Angad Malhotra (SUGGA), bridging the worlds of food and fashion…
- McDonald’s India Redefines Value with the Introduction of McSaver Meals 20 Feb 2024, indianretailer.com McDonald’s India West and South – owned and operated by Westlife Foodworld Ltd – has launched its new offering, McSaver Meals, priced starting at just Rs. 99 for customers in Gujarat, Madhya Pradesh and Chattisgarh and Rs. 149 for customers in other parts of West and South India…
- Pernod Ricard India’s Sales Up 4% in H1 FY24 20 Feb 2024, indianretailer.com Pernod Ricard is the French spirits manufacturer has announced a 4% increase in sales in India during the initial six months of the ongoing fiscal year…
- PIJJA Brings Bold Italian-Indian Fusion to Bangalore 20 Feb 2024, indianretailer.com PIJJA, a not-so-regular pizza destination has announced its arrival in Bangalore. It is located in the Indiranagar and is set to break the mould of conventional dining experiences by redefining the narrative of blending bold desi flavours and Italian proficiency…
- “We want to Become Rs 1000 Cr Brand in 4+ years,” Gaurav Pande of Popeyes 20 Feb 2024, indianretailer.com Why did you choose Chandni Chowk as a location, what is the reason behind it? It’s interesting. We launched our outlet in Bangalore in 2022 end, followed by Chennai last year. Obviously, what we stand for in every part we go is flavors. We stand for Cajun flavors…
- Suba Group Introduces Click Hotel in Gujarat 20 Feb 2024, indianretailer.com The launch of Click Hotel in Mundra, Gujarat marks another significant move for the SUBA Group of Hotels…
- Vaibhav Gautam Joins Pride Plaza Hotel Aerocity as F&B Director 20 Feb 2024, indianretailer.com Pride Plaza Hotel Aerocity, New Delhi has Introduced Mr. Vaibhav Gautam as Director of Food & Beverages. With a wealth of hospitality experience, Mr. Gautam is poised to elevate guest satisfaction at this premier luxury destination…
- ‘Year of Growth and Expansion for Nature’s Basket’ 20 Feb 2024, indianretailer.com Nature’s Basket, a leading multi-format retailer under the RP Sanjiv Goenka Group, has inaugurated its third Nature’s Basket Artisan Pantry store, solidifying its position as a premium grocery destination in Mumbai…
- DLF, Macrotech & Godrej Properties Among India’s Most Valuable Companies 19 Feb 2024, rprealtyplus.com As many as 15 real estate companies, including DLF, Macrotech and Godrej Properties, figure in the list of India’s most valuable companies released by Axis Bank’s private banking unit Burgundy Private and Hurun India…
- Pernod Ricard sales rise 4 per cent in Indian market in first half of FY24 19 Feb 2024, retail.economictimes.indiatimes.com Moreover, a “strong growth” is expected in the second half (January to June 24) from India, which is the second largest market globally for Pernod Ricard after the US…
- Stellaro brands goes offline with Rangita; plans to add 10 new stores 19 Feb 2024, retail.economictimes.indiatimes.com Delving into the company’s strategy to expand in the Southern market, he said, “For the value market in India on a per capita basis, South is 2-3 times higher than other parts of the country. Further, he added for ethnic wear, there is no winter slowdown in the Southern market.”…
- ET recognizes top performers in the retail industry at GIRA 2024 19 Feb 2024, retail.economictimes.indiatimes.com From innovative campaigns to exceptional brands, the event celebrated the movers and shakers who continue to push the boundaries of excellence…
- Great India Retail Summit 2024 wraps up with insights and vibrant discussions 19 Feb 2024, retail.economictimes.indiatimes.com The event lived up to its promise, serving as a hub for prominent retail leaders, policymakers, industry experts, brand founders, MDs, CEOs, retail real estate developers, investors, technology innovators, and celebrity entrepreneurs. Together, they explored the evolving landscape of customer behavior and the dynamic challenges faced by the industry…
- Consumer houseware startup Basil raises Rs 3.6 crore in seed funding 19 Feb 2024, retail.economictimes.indiatimes.com Basil aims to reimagine homeware & kitchenware for Millennials and Gen Alpha. It looks to utilize the funds to bolster its direct-to-consumer (D2C) play, expand reach via e-commerce channels and expand product portfolio…
- IndianSpaceMantra revises bid for Future Retail 19 Feb 2024, financialexpress.com SpaceMantra, the only bidder in the resolution plan for Future Retail (FRL), has revised its earlier bid to avoid liquidation of the bankrupt firm…
- Top Trends in Retail Space and Mall Development to Watch Out in 2024 19 Feb 2024, indiaretailing.com The retail industry in India is experiencing an exceptional surge in demand and leasing activity, paving the way for robust growth and innovation in retail space and mall development…
- IndianSpecialty Stores: Definition, Strategy & Examples 19 Feb 2024, indianretailer.com In today’s fast-paced retail landscape, where large corporations and online giants often dominate, specialty stores remain beacons of unique experiences and expert knowledge. But what exactly are specialty stores? How do they operate, and what sets them apart from their bigger counterparts?..
- Gaston Luga’s Entry Shifts Paradigms in Indian Lifestyle Retail 19 Feb 2024, indianretailer.com In a strategic move to tap into the vibrant Indian retail landscape, Gaston Luga, the distinguished Swedish lifestyle brand celebrated for its stylish and utility-focused backpacks and accessories, is making its grand entrance…
- Colorbar Unveils a New Era of Beauty Discovery with #FoundLoveAtColorbar 19 Feb 2024, indianretailer.com In a captivating move within the Indian beauty retail landscape, Colorbar Cosmetics, a prominent beauty brand, unveils its latest campaign – #FoundLoveAtColorbar…
- PIJJA Brings Bold Italian-Indian Fusion to Bangalore 19 Feb 2024, indianretailer.com PIJJA, a not-so-regular pizza destination has announced its arrival in Bangalore. It is located in the Indiranagar and is set to break the mould of conventional dining experiences by redefining the narrative of blending bold desi flavours and Italian proficiency…
- Sustainable Innovations in Indian Hospitality 19 Feb 2024, indianretailer.com The Indian hospitality industry is currently undergoing a significant transformation with an increased emphasis on sustainability. According to UNWTO the hotel sector accounts for around 1 percent of global carbon emissions and this is set to increase…
- Oberoi Realty To Develop JW Marriott Hotel in Thane & Borivali 17 Feb 2024, rprealtyplus.com Oberoi Realty entered into an agreement with Marriott International, aimed at enriching luxury living experiences in the Mumbai Metropolitan Region…
- Village Groupe Partners With Keydemand To Drive Leasing Initiatives In India 17 Feb 2024, rprealtyplus.com In a significant move to capitalize on the burgeoning opportunities in the Indian real estate sector, Village Groupe, a distinctive Retail, F&B, and entertainment ecosystem, has strategically aligned itself with Keydemand as its preferred partner for supporting leasing initiatives across the country…
- Prestige Estates Projects’ net profit up 1.86% in Q3 FY24 17 Feb 2024, realty.economictimes.indiatimes.com Prestige Estates Projects’ net consolidated total income stood at Rs 1,970.50 crore in Q3 FY24, a dip of 16.06 per cent from Rs 2,347.50 crore it recorded in the similar quarter last year…
- Trinity Infratech appoints Adil Altaf as Managing Director 17 Feb 2024, realty.economictimes.indiatimes.com Commenting on the appointment, Trinity’s senior management stated, “Adil’s journey in real estate is marked by a series of achievements and milestones. He has a proven expertise in sales, marketing, and customer relationship management…
- Bengaluru civic body seals Rockline Mall over Rs 11.5 crore property tax due 17 Feb 2024, realty.economictimes.indiatimes.com Stating that around Rs 2 crore is being paid towards property tax for the mall as per the High Court’s direction, Venkatesh said he has already paid the property tax for the year 2023-24 and also intimated the BBMP about it…
- The whole strategy of profitable growth panning out for Arvind Fashions: Shailesh Chaturvedi 17 Feb 2024, retail.economictimes.indiatimes.com Shailesh Chaturvedi, MD & CEO of Arvind Fashions, discusses the company’s strong performance in the offline channel, weak consumer sentiment during Diwali, margin improvement due to premiumisation, and the company’s strategy for profitable growth to achieve a ROCE target of 20%. He is also confident that margin will sustain at the current level of 53.3% which is a sharp nearly 480 basis point improvement…
- Orkla India appoints Murali S chief executive officer of Eastern 17 Feb 2024, retail.economictimes.indiatimes.com Murali will be based in Cochin, where he will lead the team in strengthening Orkla India’s footprint in the Kerala market and spearheading the Eastern business unit…
- Balance b/w standardisation and consistency help F&B businesses sustain, says Zorawar Kalra 17 Feb 2024, retail.economictimes.indiatimes.com Speaking at the Great Industry Retail Summit 2024, Kalra said, “It’s a balance between consistency and standardization that helps the business to sustain.”…
- ETRetail GIRS2024: Flipkart CPTO unpacks the evolution of retail technology – Opportunities and challenges 17 Feb 2024, retail.economictimes.indiatimes.com As technology continues to evolve, Venugopal believes that e-commerce platforms will be better equipped to deliver tailored experiences and cater to the needs of consumers, ultimately driving continued growth and innovation in the retail sector…
- ETRetail GIRS2024: How technology and consumer trends are redefining the shopping experience 17 Feb 2024, retail.economictimes.indiatimes.com As the retail industry continues to evolve, the intersection of technology and consumer trends promises to shape the future of shopping experiences, paving way for innovation, efficiency, and enhanced customer satisfaction…
- FMCG market growth rate will improve next fiscal, says Godrej Consumer Products managing director Sudhir Sitapati 17 Feb 2024, retail.economictimes.indiatimes.com The FMCG market growth rate is expected to improve next fiscal. Godrej is evaluating options to expand its presence in the hair care market. Demand for premium products is high. The company has recently launched an anti-mosquito agarbatti targeting the mass market…
- Online seafood firm Captain Fresh raises $25 million from BII, Nekkanti 17 Feb 2024, retail.economictimes.indiatimes.com Captain Fresh raises $25M in funding round led by BII and Nekkanti Seafoods Group. Utham Gowda to hold 19% stake. Matrix Partners, Ankur Capital, Prosus, and Tiger Global also invest. Acquisition of Senecrus. Expansion in US, Europe, and southeast Asia. Works with retailers Metro, Auchan, Carrefour in France, Germany, Poland, Middle East…
- Luggage brands on high-growth path as travel industry booms 17 Feb 2024, retail.economictimes.indiatimes.com India’s travel renaissance is driving a luggage revolution, with sales doubling. Global brands like Tommy Hilfiger and Delsey Paris are growing in the premium range, while Safari, Kamiliant, and Aristocrat are popular in tier-3 and 4 cities. The market is also seeing partnerships with luxury brands and celebrities, and the emergence of direct-to-consumer brands…
- Globe Textiles India Ltd to acquire Globe Denwash Ltd, aiming for sustainable growth 17 Feb 2024, retail.economictimes.indiatimes.com According to a press release, this move marks a significant step in GTIL’s forward integration strategy aimed at enhancing its market position, expanding its product portfolio, and embracing sustainable practices…
- Malabar Gold, Senco debut on Deloitte’s global luxury goods list 17 Feb 2024, livemint.com Indian jewellery retailers Malabar Gold & Diamonds, Senco Gold, and Thangamayil Jewellery have debuted on Deloitte’s Global Powers of Luxury Goods rankings that list the top 100 luxury brands worldwide…
- UK’s M&S adds Puma and Reebok to external brand offer 17 Feb 2024, retail.economictimes.indiatimes.com The retailer launched its “Brands at M&S” strategy in 2021 to attract more younger shoppers, with the move helping its ongoing turnaround. M&S now has over 90 third-party brands, including adidas, Columbia, ASICS and Sweaty Betty…
- Zomato hits 20-month high after delivering strong Q3 17 Feb 2024, thehindubusinessline.com Shares of Zomato zoomed to 20-month high on Thursday, as analysts remained largely positive of the stock after the company reported profits in Q3 of current fiscal. Besides, the increase in weightage of Zomato following the recent rejig by global index major MSCI in its Global Standard Index also increased investors’ appetite for the stock…
- India’s consumer packaged goods sector saw balanced growth in 2023: Report 17 Feb 2024, retail.economictimes.indiatimes.com ”India was a standout example of balanced growth, with RSV (retail sales value) advancing by nearly 15 per cent since 2022, aided by consumers switching from local or unbranded products to bigger, international brands,” it said…
- Carlsberg India appoints Vandana Kapur as vice president-HR 17 Feb 2024, retail.economictimes.indiatimes.com Carlsberg India has appointed Vandana Kapur as vice president-human resources, focusing on organisation effectiveness, talent management, and diversity, equity, and inclusion initiatives. With over 22 years of experience in corporate, consulting, and entrepreneurial roles, Kapur is committed to becoming an employer of choice and creating inclusive opportunities…
- Adani Wilmar appoints Jignesh Shah as the head – media and digital marketing 17 Feb 2024, retail.economictimes.indiatimes.com The marketing professional will oversee the strategic promotion of oil and food portfolios under the flagship brand “Fortune” as well as other popular brands…
- On Valentine’s Day, lovers drive quick commerce, food delivery order volumes to record highs 17 Feb 2024, moneycontrol.com On Valentine’s Day, love was not just in the air, it spread out to quick-commerce and food delivery platforms with Indian lovers splurging on romance, buying a record number of roses, chocolates, cakes and more…
- ETRetail GIRS’24: Samir K Modi shares insights on empowering Bharat through omnichannel commerce 17 Feb 2024, retail.economictimes.indiatimes.com In the insightful keynote, he highlighted the transformation of the retail sector through omnichannel strategies. “The transformation of India’s retail ecosystem knows no bounds,” he said…
- Lipsticks, men’s apparel and cards among top selling products on V-Day 17 Feb 2024, retail.economictimes.indiatimes.com On Valentine’s Day, demand for Valentine gift sets, chocolates, makeup accessories and jewellery witnessed a surge…
- Wearable market growth expected to slow in 2024 amidst plateauing innovation and inventory pile-up 17 Feb 2024, retail.economictimes.indiatimes.com The wearable market is anticipated to witness its slowest growth in 2024 since its inception in 2020, with market analysts predicting a single-digit growth rate following a significant 34% year-on-year increase in 2023 to a record 134.2 million units. Factors contributing to this slower growth include a plateauing pace of innovation, inventory accumulation, and a decline in average selling prices (ASP) despite a 15.4% decrease in ASP…
- Puma India inks multi-year kit sponsorship deal with Delhi Capitals 17 Feb 2024, thehindubusinessline.com Sports brand Puma India has inked a multi-year partnership with Delhi Capitals as the official kit partner, ahead of the year’s WPL and IPL season…
- Nothing Before Coffee opens its 50th store in New Delhi’s Malviya Nagar 17 Feb 2024, retail.economictimes.indiatimes.com Nothing Before Coffee currently has 50 stores wherein the company added 25 new outlets in FY 2023-24 till now, the leading coffee chain is present in 26 cities and has added 8 cities this year which is “the highest-ever store addition”…
- ELLE DECOR Kitchens and Wardrobes Debut at Broadleaf’s Flagship Store 17 Feb 2024, indianretailer.com Broadleaf Kitchen And Decor Private Limited introduced the first-ever ELLE DÉCOR Kitchens and Wardrobes in India, marking a significant collaboration with Lagardère Active Enterprises, the business unit responsible for extending the ELLE DÉCOR Brand under the French-based Lagardère News Group…
- ASUS India Launches 4th Select Store for Refurbished Products in Hyderabad 17 Feb 2024, indianretailer.com ASUS India, a leading PC brand committed to innovation and sustainability, has unveiled its 4th Select Store featuring refurbished products in Hyderabad. This marks a significant step towards promoting a circular e-waste economy in India, offering customers access to discounted refurbished laptops backed by a 1-year ASUS warranty…
- What is a Departmental Store? Features, Types, Advantages, and Disadvantages Explained 17 Feb 2024, indianretailer.com In the dynamic arena of retail, departmental stores stand tall as monuments of progress, convenience, and diverse offerings. These retail juggernauts are not just mere shopping destinations; they are comprehensive hubs that unite an extensive range of products under one roof…
- Sensodyne Expands Oral Health Portfolio, Aims to Enhance Oral Hygiene Space 17 Feb 2024, indianretailer.com In the ever-evolving landscape of oral care in India, Sensodyne, a prominent brand under Haleon (previously GlaxoSmithKline Consumer Healthcare), proudly unveils its latest breakthrough – Sensodyne Complete Protection+ Mouthwash…
- Unlocking the True Potential of Indian Retail Industry with AI-based Workforce Management Tech 17 Feb 2024, indianretailer.com A report recently published by the Indian Brand Equity Foundation found that India is the fifth-largest global destination for retail. Due to the entry of several new players, the retail sector in India has grown to become one of the most vibrant and fast-paced sectors…
- Definition, Types, and Components – A Comprehensive Guide 17 Feb 2024, indianretailer.com In the fast-paced and ever-evolving world of commerce, retail stores stand as pivotal elements of the global economy. This article aims to provide an in-depth understanding of retail stores, offering insights into their varied..
- Radico Khaitan Commits to Heroic Legacy with Spirit of Victory 1999 Pure Malt 17 Feb 2024, retail.economictimes.indiatimes.com In a poignant tribute to the valiant soldiers of the 1999 Kargil War, Radico Khaitan Limited, one of India’s largest liquor companies, introduces the Spirit of Victory 1999 Pure Malt Whisky…
- Predictive Analytics in Retail for Enhanced Sales Forecasting 17 Feb 2024, indianretailer.com In the ever-evolving retail landscape, the ability to predict future trends is invaluable. Predictive Analytics in Retail has emerged as a revolutionary tool, transforming the approach to Retail Sales Forecasting…
- HCCB Strengthens Commitment to Youth Development in Telangana 17 Feb 2024, indianretailer.com In a strategic move to empower the youth of Telangana, Hindustan Coca-Cola Beverages (HCCB), a leading FMCG company in India, is poised to extend its renowned ‘Campus to Corporate Program’ in partnership with the Telangana Academy for Skill and Knowledge (TASK) and Aahan Consulting…
- Top 5 Manyavar Alternatives and Competitors 17 Feb 2024, indianretailer.com Embark on an enlightening journey through the Indian ethnic wear landscape, where Manyavar stands as a beacon of tradition and elegance…
- From Aisles to Algorithms: Bombay Gourmet Market’s Online Overhaul with Yango Tech! 17 Feb 2024, indianretailer.com Bombay Gourmet Market recently announced a strategic collaboration with Yango Tech, a global technology leader celebrated for its forward-thinking solutions, to revolutionize modern retail in India, to elevate and enrich the online shopping experience for their clientele…
- Top Lifestyle Brands In India 17 Feb 2024, indianretailer.com At the heart of this transformation are the Top 10 Lifestyle Brands in India, each with its own story and distinct identity. From traditional roots to modern innovation, these brands have navigated the complex tapestry of Indian consumer preferences and global influences, emerging as leaders in the world of fashion and luxury…
- Nothing Before Coffee (NBC) Celebrates 50th Store Opening, Eyes Nationwide Expansion 17 Feb 2024, indianretailer.com In a remarkable achievement, Nothing Before Coffee (NBC), a leading Quick Service Restaurant (QSR) brand, unveils its 50th store in the vibrant cityscape of Malviya Nagar, New Delhi. The inauguration heralds a new era of accessible, high-quality coffee experiences for patrons across diverse regions…
- Indian Luxury Industry Thrives with $347 Bn Sales 17 Feb 2024, indianretailer.com India’s luxury goods market is undergoing a remarkable transformation, fueled by technological advancements and a growing emphasis on sustainability. India’s significant contributions to the global luxury industry surged to a staggering $347 billion in FY2022…
- When it comes to high street space, more is less: Tanuj Bhargava, Chief Leasing Officer of Fairfox Group, Noida, Sector 140A 14 Feb 2024, realty.economictimes.indiatimes.com Bharat’s high street space is set to expand substantially from Metro Cities to Tier II and Tier III cities. Nurtured seasoned developers are looking to develop about three million square feet of retail projects with open spaces in the next 2-3 years…
- Phoenix Mills records 69% rise in net profit at Rs 297 crore in Q3 FY24 14 Feb 2024, realty.economictimes.indiatimes.com Retail collections rose 30% to Rs 700 crore, while rental income from retail grew 33% to Rs 447 crore. Operating profit in retail business increased 27% to over Rs 435 crore. The company’s malls are operating at life-time high leased occupancy and trading levels…
- Walmart’s sourcing from India crossed $30 billion in last 2 decades 14 Feb 2024, retail.economictimes.indiatimes.com Walmart sees India as a strategic market due to its favorable ecosystem and infrastructure, aiming to source USD 10 billion in exports annually by 2027, making it the only market aside from the US with such a sourcing objective. The retail giant aims to provide global market access to Indian manufacturers, recognizing the demand for unique products globally. Partnerships with Indian companies like Hero Ecotech, Mrs Bector’s Food, and Welspun have already proven successful, the company said…
- Cost structure of logistics biggest challenge for ecommerce: Flipkart CEO 14 Feb 2024, retail.economictimes.indiatimes.com ”One of the biggest challenges for ecommerce alone to solve is the cost structure of logistics. India, in general is a low ticket price market. Whenever we are able to get to further (lower logistics) cost structure, is when we will be able to further increase the penetration in commerce,” Krishnamurthy said…
-
Coca-Cola India business witnesses robust growth in 2023
14 Feb 2024, retail.economictimes.indiatimes.com The company’s net revenue for the December quarter grew 7% to USD 10.8 billion, and organic revenues (non-GAAP) grew 12%. For 2023, net revenues grew 6% to USD 45.8 billion… - ABFRL to introduce Jaypore brand in the US market 14 Feb 2024, retail.economictimes.indiatimes.com This move will enable Jaypore to expand its direct-to-consumer presence on a global level. Ashish Dikshit, managing director at ABFRL said, “While Indian markets offer huge opportunity for consumer brands, it’s also an era for Indian brands to delight customers overseas. These are not just customers of Indian diaspora but also natives of those markets.” …
- Streetwear brand VegNonVeg eyes Rs 175 revenue by next fiscal 14 Feb 2024, retail.economictimes.indiatimes.com The brand, which enjoys 18 per cent profitability, is planning to spend Rs 20 crore over the next few years to expand its retail footprint as well as its private label…
- Not delivering product costs e-commerce firm, retailer dear 14 Feb 2024, retail.economictimes.indiatimes.com The commission had sent notices to Flipkart and Surya Handicrafts with its office in Churu, but both the parties preferred not to contest the complaint by remaining absent. Accordingly, ex parte proceedings were initiated and the assertions made by the complainant went unrebutted and uncontroverted…
- Price disparity: Apparel retailers turn to own online channels 14 Feb 2024, retail.economictimes.indiatimes.com The retailers state that higher discounts on e-commerce platforms trigger price disparity, thus affecting sales at offline stores. This has prompted the retailers to draw up a new business strategy focusing on multichannel price parity…
- India’s Arvind Fashions posts smaller Q3 sales growth, sending shares down 9% 14 Feb 2024, retail.economictimes.indiatimes.com Arvind Fashions’ consolidated revenue rose about 5% to 11.25 billion rupees ($135.5 million) in the October-December quarter. That was less than the 7% growth in the previous quarter and a 17% jump in the year-ago holiday quarter…
- Sula Vineyards posts higher Q3 profit on strong premium wine demand 14 Feb 2024, retail.economictimes.indiatimes.com Its wine segment, which houses premium brands such as Dindori and Rasa, reported a nearly 4% rise in revenue during the quarter. This is Sula’s biggest segment and accounts for 89% of the topline…
- India Inc On The Move 2024: Smart and Sustainable Manufacturing – Accelerating towards Trillion Dollars and Net Zero 14 Feb 2024, retail.economictimes.indiatimes.com The Economic Times, in collaboration with Rockwell Automation, presents ‘India Inc On The Move 2024’, an event designed to address the challenges and opportunities in the manufacturing sector, with a focus on fostering smart and sustainable practices, on February 27, 2024…
- India emerges as key growth driver for global cosmetics giants L’Oreal & Shiseido 14 Feb 2024, retail.economictimes.indiatimes.com L’Oreal SA and Shiseido, two major cosmetics companies, highlight India’s growing importance as a key growth driver in the beauty industry, driven by a large population and increasing affinity towards beauty products. L’Oreal sees India as its fifth largest market in the professional products division, with significant untapped potential across the country…
- Homecare startup Happi Planet raises Rs 8.47 cr from Fireside Ventures 14 Feb 2024, retail.economictimes.indiatimes.com With these funds, the brand plans to enhance its online presence and expand its offline reach to over 250 stores by the end of 2024, as per the release…
- Kidswear brand Kate & Oscar to invest Rs 60 crore to open 30 EBOs in the next 3 years 14 Feb 2024, retail.economictimes.indiatimes.com The expansion would be initially focused on cities like Bangalore, Mumbai, Delhi-NCR, and Chennai. The brand will also be looking at opening stores in cities like markets like Punjab, Hyderabad, and Ahmedabad…
- How Paytm’s Merchant-Centric Approach Guides it Through Regulatory Storms 14 Feb 2024, indianretailer.com In the labyrinth of India’s dynamic digital payments landscape, Paytm stands as a towering colossus, wielding unprecedented influence and innovation…
- How Mia by Tanishq Cashes in on Valentine’s Day Jewelry Market in India 14 Feb 2024, indianretailer.com Valentine’s Day, an occasion celebrated across generations, has witnessed a significant evolution in the Indian market over the past two years, particularly when it comes to jewelry…
- The Significance of Data Analytics in Fashion Retail 14 Feb 2024, indianretailer.com Imagine a world where fashion retail adapts like a chameleon, seamlessly aligning with your ever-changing desires. Clothes that not only fit your body but anticipate your style…
- Hershey India takes AI Route to Woo Consumers This Valentine’s Day 14 Feb 2024, indianretailer.com Hershey India Pvt. Ltd., a subsidiary of The Hershey Company, one of the leading global snacking and confectionery company has launched an innovative way to extend the brand’s distinctive proposition of expressing affection..
- Retail India News: Minimalist Expands Horizons, Unveils Skin Solutions in Singapore, Vietnam, and Australia 14 Feb 2024, indianretailer.com In a bold stride towards international expansion, Minimalist, India’s renowned science-backed skincare brand, announces its venture into three new markets: Singapore, Vietnam, and Australia…
- Tata Digital explores operational integration 13 Feb 2024, retail.economictimes.indiatimes.com Additionally, Tata Digital plans to consolidate its various standalone apps such as BigBasket, 1mg, and Tata Cliq, under the Tata Neu app to increase consumer engagement, boost Tata Neu app utilisation, and enhance operational efficiencies. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons…
- Orion bullish on India, expands manufacturing capacity, forays into a new category 13 Feb 2024, retail.economictimes.indiatimes.com The company, which started its journey with 2 SKUs, today boasts 40 SKUs and plans to take the SKU count to 60 by this CY-end…
- Gifting cos, retailers expect strong double-digit sales this Valentine’s Day 13 Feb 2024, retail.economictimes.indiatimes.com To capitalize on this expected demand, brands have rolled out various initiatives, from marketing campaigns to faster delivery services…
- FMCG makers continue to bet on M&A for growth 13 Feb 2024, thehindubusinessline.com Companies are utilizing acquisitions to solve portfolio gaps in their product offerings and enter new categories. Tata Consumer Products Limited (TCPL) in January announced the acquisition of Capital Foods and Organic India…
- India’s retail inflation moderates to 5.10 per cent in January 13 Feb 2024, retail.economictimes.indiatimes.com India’s retail inflation has eased to 5.10% on an annual basis, according to data released by the Ministry of Statistics & Programme Implementation. This is a decline from December’s four-month high of 5.69%. A Reuters poll had predicted a three-month low of 5.09%. The inflation rate remains within the Reserve Bank of India’s tolerance band of 2-6%…
- Shops on Metro route hoping for biz to get back on track soon 13 Feb 2024, retail.economictimes.indiatimes.com Underground work has especially affected the people of Fountain, Fort, Dadar and Sitladevi temple area in Mahim. Mahim resident Sebastian Dsouza said, “The pace of work was slow…many residents and shopkeepers were affected…Already, traffic jams were common but since Metro work began, if a large vehicle like a BEST bus broke down, the situation would become worse.” Asked if he was looking forward to Metro 3, Dsouza said Mahim already has good connectivity to most places of the city, so this infrastructure will be an added advantage…
- Manufacturing sentiment remains upbeat in Q3 and Q4FY24: FICCI 13 Feb 2024, retail.economictimes.indiatimes.com A survey by industry body FICCI indicated sustained growth in India’s manufacturing sector for the last two quarters of 2023-24. Around 87% of respondents expected higher or the same production levels in the current quarter, reflecting optimism. Despite positive indicators, constraints like raw material availability, global demand uncertainty, labor shortages, market volatility, increased power costs, unutilized capacities, and high bank interest rates were highlighted…
- Panasonic introduces 60 AC models for 2024 13 Feb 2024, retail.economictimes.indiatimes.com ”We developed and manufactured our new range of ACs, keeping the evolving needs of our consumers in mind. The new line-up of ACs, comprising India’s first matter-enabled RACs will not only provide inter-operability but, is also simple to use, reliable and secure,” said Managing Director Fumiyasu Fujimori…
- Emerging Technologies Supporting Your India Retail Strategy: Location Analytics 13 Feb 2024, india-briefing.com We discuss how technology-enabled tools are allowing retailers to optimize their India market strategy using location analytics. This becomes more important as India’s spending power…
- Garden Vareli 2.0: TCG’s Rs 1,250 Cr Spectacular Game-Changer in India’s Textile Retail Space 13 Feb 2024, indianretailer.com In the heart of Surat, Gujarat, a textile revolution is underway, led by The Chatterjee Group (TCG) and its visionary Chairman, Dr. Purnendu Chatterjee. The Rs 1,250 crore Fully Drawn Yarn (FDY) expansion project at Garden Silk Mills..
- Wooden Street Hits Landmark 97th Store with Pune Opening, Aims for 300 Nationwide 13 Feb 2024, indianretailer.com In a bid to fortify its presence in the Indian furniture market, Wooden Street, a renowned furniture brand, has inaugurated its seventh physical outlet in the sprawling expanse of Creaticity Mall, Pune. Spanning over 5000 sq. ft.,..
- Bombay Shirt Company Raises Rs 54 Cr in Series B Funding Led by Singularity Ventures 13 Feb 2024, indianretailer.com In a significant move towards bolstering its position in the custom-made apparel market, Bombay Shirt Company has successfully concluded a Series B funding round, securing an impressive Rs 54 crore. Singularity Ventures took the lead in this funding round, with participation from Mithun Sacheti, the founder of CaratLane and a general partner at Singularity…
- Swedish Tea Sensation ‘Life by Follis’ Makes Grand Debut in India 13 Feb 2024, indianretailer.com Life by Follis, Europe’s esteemed tea maestro, has landed in India, presenting a fusion of unparalleled taste, ethical sourcing, and innovative flavors that are poised to redefine the Indian tea experience…
- Salad Days Expands its Footprint to Mumbai; Targets High Potential Zone in the City 13 Feb 2024, restaurant.indianretailer.com Having already served 1 million unique customers in Delhi-NCR and 1 Lakh+ customers in Bengaluru, the food tech is poised to make a significant impact in Mumbai…
- United Breweries Sees Profit Surge, Revenue Climbs 12 pc 13 Feb 2024, restaurant.indianretailer.com United Breweries Ltd (UBL) witnessed a 12.28 percent increase in revenue from operations, reaching Rs 4,154.98 crore compared to Rs 3,700.49 crore in the corresponding period of FY23…
- The China Gate Group introduces Pan-Asian Restaurant ‘Goh Jia Ting’ in Mumbai 13 Feb 2024, restaurant.indianretailer.com The menu offers a variety of fresh and unique seafood dishes which are their specialty and they also offer vegetarian choices as well…
- Takumi Unveils Dining Experience in Mumbai 13 Feb 2024, restaurant.indianretailer.com The menu is crafted by Head Chef Passang Dorje Lama and it features a chosen array that celebrates the harmony of Southeast Asian cuisine…
- Olio Pizza’s Opens 100th Store in IndiaUnveiling Your Finances: Demystifying Retail vs. Corporate Banking 13 Feb 2024, restaurant.indianretailer.com Olio Pizza is the rapidly expanding pizza brand in India under Curefoods, has unveiled its 100th location achieved in a mere two-year span…
- Why This Bangalore-Based Virtual Restaurant Operator wants to Become ‘OYO’ of Restaurant Biz 13 Feb 2024, restaurant.indianretailer.com Dil Foods is a Bangalore-based virtual restaurant operator that won ‘Cloud Kitchen’ of the year award at the prestigious 12th Indian Restaurant Congress & Awards held in September 2023…
- Prestige Achieves Milestone Of Delivering 300 Projects Across 10+ Cities 12 Feb 2024, rprealtyplus.com Prestige Group, a name synonymous with quality and trust, has reached a significant milestone by successfully delivering 300 projects with 188 mn sqft in cities like Bangalore, Hyderabad, Chennai, Mumbai, Kochi, Mangalore, Calicut and Goa over a span of 38 years…
- Sparx Elevates Retail Presence with Premium Footwear Experience 12 Feb 2024, retail.economictimes.indiatimes.com In a strategic move aimed at reshaping the footwear retail landscape in India, Sparx proudly inaugurates its experience store at Vegas Mall, Dwarka. This retail venture marks a pivotal moment in Sparx’s trajectory, positioning itself as the brand of choice for a diverse range of consumers…
- Unveiling Your Finances: Demystifying Retail vs. Corporate Banking 12 Feb 2024, indianretailer.com In a salute to the enchanting allure of Jaipur, Prints By Radhika warmly opens its doors to a new retail haven in the Pink City. The concept of “Padharo Mhare Desh” resonates deeply as the brand invites patrons into its couture paradise, where every inch reflects the rich tapestry of Jaipur’s heritage seamlessly woven into the brand’s design ethos…
- Sanfe Sets a New Standard in Feminine Skincare with Glycoclear Tech 12 Feb 2024, indianretailer.com In the bustling landscape of India’s retail body care market, where fragrance and moisturization take center stage, a transformative innovation is shaking up the norms. Sanfe, an IIT Delhi startup, founded by Archit Agarwal and Harry Sehrawat, has unveiled a groundbreaking solution that goes beyond the conventional offerings…
- Olio Pizza’s Opens 100th Store in India 12 Feb 2024, retail.economictimes.indiatimes.com Olio Pizza is the rapidly expanding pizza brand in India under Curefoods, has unveiled its 100th location achieved in a mere two-year span…
- Consumer goods giants like Nestle, Dabur, Coca-Cola ready capex war chest 12 Feb 2024, retail.economictimes.indiatimes.com While demand for mainstream products has been tepid, demand for premium categories in urban markets has remained steady. Large consumer goods companies are investing in India, expecting a demand revival in the new fiscal…
- Zomato steps up restaurant signups as slowdown bites 12 Feb 2024, retail.economictimes.indiatimes.com In Zomato’s quarterly shareholder letter, food-delivery CEO Rakesh Ranjan noted that the demand environment was muted in the December quarter for the broader restaurant industry. “Hence, food delivery GOV growth (at 6.3% QoQ /27% YoY) was lower than our expectations but still higher than some of the other players in the restaurant industry space,” he said…
- Honasa Consumer aims to outgrow the industry by 2 to 2.5 times, CFO shares growth plan for next year 12 Feb 2024, retail.economictimes.indiatimes.com Net profit jumps 264% to 26 crore in Q3FY24; sees rural stress spilling over to urban markets…
- Indian consumer electronics break boundaries; export surge to the US and Europe 12 Feb 2024, retail.economictimes.indiatimes.com Companies like Havells, Dixon, Voltas and Blue Star have said in their December quarter earnings call that they are forming a base for exports in the developed nations like the US…
- India’s robust digital infrastructure helped ‘Nothing’ brand make inroads, says cofounder Akis Evangelidis 12 Feb 2024, retail.economictimes.indiatimes.com Nothing, an emerging technology brand, has exceeded its growth expectations, driven by India’s tech-savvy consumers, according to cofounder Akis Evangelidis. Despite launching its first product during the pandemic, the brand has made significant strides in India, leveraging the country’s robust digital infrastructure. Evangelidis emphasized India’s technological proficiency and the ease with which brands can gain traction in the consumer tech space…
- Elista forays into AC segment, eyes Rs 50 crore sales in the first year 12 Feb 2024, retail.economictimes.indiatimes.com Elista is aiming to generate sales of Rs 50 crore in the first year of its entry into the segment with its ‘Make in India’ focus. Further, it expects that the AC segment will contribute 20 per cent which is about Rs 300 crore to its overall projected Rs 1500 crore sales by the end of 2025...
- ‘Paper tablet’ reMarkable could challenge Apple, Samsung, Lenovo: Experts 12 Feb 2024, retail.economictimes.indiatimes.com Norway-based ‘paper tablet’ brand, remarkable, could challenge Apple, Samsung, and Lenovo’s premium tablets in the India market. The note-taking and reading device, priced at under Rs45,000, allows users to scribble, take handwritten notes, read, and review documents. Its proprietary operating system does not offer internet browsing, emailing, messaging, or other features of a regular tablet or smartphone…
- Omaxe posts net loss of Rs 71.77 crore in Q3 FY24 10 Feb 2024, realty.economictimes.indiatimes.com Omaxe’s net consolidated total income stood at Rs 601.90 crore in Q3 FY24, a growth of 137.15 per cent from Rs 253.81 crore it recorded in the similar quarter last year…
- Reliance Consumer Products acquires Ravalgaon’s confectionery brands for Rs 27 crore 10 Feb 2024, retail.economictimes.indiatimes.com Reliance Consumer Products (RCPL) has acquired the trademarks, recipes, and all intellectual property rights of sugar-boiled confectionery maker Ravalgaon for Rs 27 crore, according to a disclosure by Ravalgaon Sugar Farm Ltd. Ravalgaon owns nine confectionery brands, including Pan Pasand and Coffee Break, aligning with RCPL’s strategy of acquiring distressed old Indian brands and relaunching them, similar to its previous acquisition of the Campa soft drink brand…
- Mamaearth Q3 Results: Profit soars 265% YoY to Rs 26 crore; revenue jumps 28% 10 Feb 2024, retail.economictimes.indiatimes.com Revenue from operations in the third quarter increased 28% year-on-year (YoY) to Rs 488 crore, compared with Rs 382 crore in the same quarter of last year…
- Amway appoints Rajneesh Chopra as new India chief 10 Feb 2024, retail.economictimes.indiatimes.com Chopra moves from Texas-based direct selling wellness company Immunotec, where he was chief commercial officer leading 14 global markets, involved in digital, sales and marketing roles. Chopra takes over from previous Amway chief Anshu Budhraja, who exited the company a couple of months back…
- Emami Q3 PAT up 12 pc to 261 cr 10 Feb 2024, retail.economictimes.indiatimes.com Revenue from operations was up 1.38 per cent to Rs 996.32 crore during the quarter under review as against Rs 982.72 crore in the corresponding quarter…
- Number of merchants on ONDC expected to multiply in coming year, says MD & CEO Koshy 10 Feb 2024, retail.economictimes.indiatimes.com ”We started with 600 merchants on-board in January last year. At present there are around 3 lakh merchants (on-boarded). In the coming year we expect this will be multiplying and build its momentum. At least ten times growth I expect in the coming year,” Koshy said…
- Turkish e-commerce company Trendyol may go exclusive on Myntra 10 Feb 2024, retail.economictimes.indiatimes.com Trendyol is now the fastest-growing brand and among the top-selling international women’s western wear brands on Myntra, and on a monthly run rate trajectory of achieving Rs100-150 crore for the year, they said…
- BigBasket expects a surge in Valentine’s week sales 10 Feb 2024, retail.economictimes.indiatimes.com The e-grocer shared that sales in categories such as teddy and heart soft toys, chocolates, makeup and fragrances, roses, and decor and gift sets have seen a substantial increase from previous year. From these categories, the platform has seen a 4-digit growth rate for teddy and heart soft toys sales indicating a significant surge in demand for these items…
- Pizza Hut India operator reports biggest profit fall since listing 10 Feb 2024, retail.economictimes.indiatimes.com Total revenue rose 12% to 6.66 billion rupees, while expenses jumped nearly 16%. This led to its margins on earnings before interest, tax, depreciation and amortization (EBITDA) contracting to 18.4% from 19.6% an year ago…
- PepsiCo posts mid-single-digit growth in India market in 2023 10 Feb 2024, retail.economictimes.indiatimes.com PepsiCo reported a mid-single-digit growth in the Indian market in 2023. Globally, its net revenue reached USD 91.47 billion, with a growth of 5.9%. The AMESA division, including India, saw a decline in net revenue due to unfavourable foreign exchange and a net organic volume decline. However, PepsiCo’s operating profit in AMESA grew 21%…
- United Breweries posts Q3 profit 10 Feb 2024, retail.economictimes.indiatimes.com The company, partly owned by Dutch brewer Heineken NV, has been grappling with elevated costs due to rising raw material prices, including glass and extra neutral alcohol (ENA), a primary raw material for alcoholic beverages, which have incrementally risen each quarter…
- L’Oreal Q4 sales up 6.9% despite decline in North Asia 10 Feb 2024, retail.economictimes.indiatimes.com The Paris-based group, which owns labels ranging from Lancome to Maybelline, said that sales came to 10.6 billion euros ($11.4 billion), just shy of expectations for 10.9 billion euros according to consensus estimates cited by Barclays…
- DOMS Industries Q3 results: Revenue at ₹372 crore; PAT at ₹39 crore 10 Feb 2024, livemint.com DOMS Industries Limited (‘DOMS’), one of India’s leading stationery and art material company, announced its financial results for the quarter and nine months period ending December 31, 2023…
- H&M Elevates Retail Landscape in Bengaluru with H&M Home Integration 10 Feb 2024, indianretailer.com In a significant move, H&M India has added another feather to its cap with the inauguration of its seventh store at Phoenix Mall of Asia, Byatarayanapura, Hebbal, Bengaluru…
- NexusHyderabad Welcomes New Balance’s Progressive Retail Concept 10 Feb 2024, indianretailer.com New Balance has proudly inaugurated its maiden retail outlet in Hyderabad, located at Sarath City Capital Mall, on 7th February 2024. This momentous occasion marks a significant leap in New Balance’s strategic expansion endeavors across India. The newly established store marks a pioneering venture for the brand’s Indian subsidiary…
- From Gully Cricket to Global Giants: Unpacking India’s Booming Toy Market 10 Feb 2024, indianretailer.com Imagine a vibrant tapestry woven with traditional wooden dolls, educational coding games, and action figures from international blockbusters. That’s the picture-perfect image of India’s toy industry, a market undergoing a dynamic transformation…
- Page Industries Limited Showcases Fiscal Resilience Amid Retail Sector Challenges 10 Feb 2024, retail.economictimes.indiatimes.com In a challenging landscape marked by shifting consumer spending patterns, Page Industries Limited, India’s leading apparel manufacturer, has revealed its financial performance for the third quarter and nine months ending December 31, 2023…
- Decoding UPT: A Comprehensive Guide to Units Per Transaction in Retail 10 Feb 2024, indianretailer.com In the dynamic world of retail, understanding customer behavior is paramount to achieving success. One crucial metric that sheds light on buying patterns and overall performance is Units Per Transaction (UPT)…
- Unveiling Your Finances: Demystifying Retail vs. Corporate Banking 10 Feb 2024, indianretailer.com Navigating the world of banking can feel like deciphering an ancient scroll – riddled with jargon and seemingly endless options. But fear not, fellow finance adventurer!..
- Cracking the Counterfeit Conundrum: Sanghvi Foods’ Unseen Battle Against Fake Atta! 10 Feb 2024, indianretailer.com In the pulsating kaleidoscope of India’s packaged atta market, where the alluring fragrance of freshly baked bread and the heartening spectacle of chapatis being crafted weave into the fabric of daily existence, emerges a…
- Brigade REAP Onboards Five New Startups In Various Domains 9 Feb 2024, rprealtyplus.com Brigade REAP, India’s first PropTech focused real estate accelerator program, has onboarded 5 startups were chosen based on their innovation in proof of concept, relevance to PropTech, disruptive technology and the advantages that this technology will bring to the real estate sector at large…
- Zomato posts Rs 138 cr net profit in Q3 9 Feb 2024, retail.economictimes.indiatimes.com Consolidated revenue from operations in the third quarter of the ongoing fiscal stood at Rs 3,288 crore as against Rs 1,948 crore a year ago, it added. Total expenses were higher at Rs 3,383 crore. The same was Rs 2,485 crore in the corresponding period a year ago, the company said…
- Tata Sons to invest $1 billion more in digital arm 9 Feb 2024, retail.economictimes.indiatimes.com Earlier this week, Tata Digital appointed Naveen Tahilyani, the former managing director of Tata AIA Life Insurance, as its CEO & MD. Tahilyani replaced Pratik Pal who had been holding the charge since the company’s inception in 2019. Tata Sons has invested more than $2 billion in Neu so far and has board approvals for further capital infusion over a five-year period…
- Mainstream demand tepid despite premiumisation: Nestle CMD Suresh Narayanan 9 Feb 2024, retail.economictimes.indiatimes.com NielsenIQ forecasts a slowdown in the FMCG sector’s value growth. Nestle India reports a 4.4% YoY rise in net profit for the December quarter, driven by pricing and strong momentum in ecommerce and out-of-home channels…
- Nitin Paranjpe to leave Unilever by middle of 2024 9 Feb 2024, retail.economictimes.indiatimes.com ”I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role,” Unilever chief executive officer Hein Schumacher said…
- Mall consumption grows 9.66 pc in 3rd quarter: Report 9 Feb 2024, retail.economictimes.indiatimes.com The report reveals a robust growth in food and beverage sales at 7.08 per cent on a weighted average basis, with the North region again leading at 13.09 per cent. Whereas, entertainment sales have experienced a moderate growth rate of 6.67 per cent on a weighted average basis, with the North region achieving a 9.70 per cent growth…
- IKEA India betting on kids range, sees stable growth across children’s category 9 Feb 2024, retail.economictimes.indiatimes.com IKEA India said it has seen stable growth year-on-year across the children’s category including its educational solutions, soft toys, and furnishing storage solutions for kids…
- Patanjali Foods Q3 Results: PAT falls 19% YoY to Rs 217 crore, revenue growth flat 9 Feb 2024, retail.economictimes.indiatimes.com Patanjali Foods Q3 Results: Revenue from operations fell 0.2% to Rs 7,911 crore. Sequentially, the topline rose just 1.1%, while the bottomline dropped by nearly 15%…
- Jockey India licensee posts higher Q3 profit, helped by higher margins 9 Feb 2024, retail.economictimes.indiatimes.com The company, which manufactures and distributes sports and athleisure wear, said its profit rose 23% year-over-year to 1.52 billion rupees ($18.3 million) in the third quarter…
- Metro Brands leases 3.25-lakh-sq-ft warehouse in Bhiwandi for 5 years 9 Feb 2024, retail.economictimes.indiatimes.com Metro Brands Ltd, one of India’s leading footwear and accessory retailers, has secured its largest warehousing space to date. The company has leased a custom-built 3.25 lakh square feet warehouse in Bhiwandi, near Mumbai, as part of its expansion strategy…
- Unilever to ‘defend its position’ amid attack on price points by local companies 9 Feb 2024, retail.economictimes.indiatimes.com ”If you look at India, the good thing about quarter four is with the price pressure that is there in India, one of the impacts of deflationary pressure in some categories could be with increased competition and so forth. We have seen a volume growth, so the minus 2% on pricing was balanced by a 2% volume growth. I think that’s a positive for India,” Unilever’s chief executive officer Hein Schumacher said during its earnings call…
- Business firing on all cylinders; adding new engines of growth: Sunil D’Souza, TCPL 9 Feb 2024, retail.economictimes.indiatimes.com Our growth businesses keep on firing, overall a 42% growth and all the businesses are plus 40% now. EBITDA margins are now north of 15%, working capital down 7 days. We actually generated 40% more cash in Q3 this year versus Q3 last year. Close to 3,000 crores of cash was sitting on our balance sheet and I say was because we are going to use it now for the acquisitions…
- Blinkit’s revenue from ads sees over threefold surge in Q3 9 Feb 2024, retail.economictimes.indiatimes.com During the third quarter, Blinkit said its growth was faster than the year-on-year increase in its gross order value (GOV). Blinkit’s GOV for the quarter ended December 31 doubled to Rs 3,542 crore…
- Tata may have a new ‘plan’ to take on Swiggy, Zomato 9 Feb 2024, retail.economictimes.indiatimes.com Tata Group is entering the online food ordering sector with its ‘super app’ Tata Neu, using the government’s ONDC. The app plans to start its food delivery service and cross-sell its other products, including apparel, jewellery, grocery, electronics, and flights…
- Mallika Srinivasan steps down as Swiggy’s independent director 9 Feb 2024, retail.economictimes.indiatimes.com Swiggy said Srinivasan was stepping down due to “increasing business commitments”, without explaining further. The firm did not name a replacement for the position…
- India’s retail inflation to drop to a three-month low in January at 5.09%, says Reuters report 9 Feb 2024, livemint.com Economists surveyed by Reuters anticipate a decline in India’s retail inflation to a three-month low of 5.09 percent in January. This dip is attributed to reduced food price hikes and favourable base effects…
- India consumption story driving mall operators, warehousing players’ growth, ICRA 9 Feb 2024, retail.economictimes.indiatimes.com Though the net absorption was healthy in the first three quarters of this financial year, the vacancy levels rose by 100 bps to 20% as of December 2023 due to higher new supply, which has become operational recently and is yet to ramp up fully. ICRA expects the occupancy levels to sustain at 81-82% as of March 2024 and improve to 82-83% by March 2025…
- Unveiling the Magic: How Big Data Powers the Retail Revolution 9 Feb 2024, indianretailer.com Imagine walking into a store where the shelves seem to anticipate your needs, recommending products you’d love before you even know it. Sounds futuristic, right? But thanks to the power of retail analytics, this scenario is rapidly becoming reality…
- Love Evolves: Reimagining Retail for the Future of Valentine’s Day 9 Feb 2024, indianretailer.com Valentine’s Day, with its heart-shaped balloons, red roses, and romantic dinners, remains a retail juggernaut. In 2023, spending on loved ones reached a record high of $14.2 billion, showcasing its enduring power…
- Reimagining the Retail Landscape: Transforming Malls for the 2024 Consumer 9 Feb 2024, retail.economictimes.indiatimes.com The iconic American mall, once a bustling hub of social interaction and consumerism, faces a crossroads. The rise of e-commerce giants and changing consumer preferences have put immense pressure on traditional retail spaces…
- Nexus Select Trust Achieves Highest Qtrly Tenant Sales & Occupancy 8 Feb 2024, rprealtyplus.com Nexus Select Trust, India’s first listed Retail REIT, reported strong results for the third quarter ended December 31, 2023…
- Signature Global Records Net Profit Of Rs 21.79 Mn For Q3 FY24 8 Feb 2024, rprealtyplus.com Signature Global, amongst the leading real estate development companies in India, reported strong quarterly performance with net profit of INR 21.79 million…
- Tata Consumer Q3 Results: Net profit drops 21% YoY to Rs 279 crore; revenue rises 9% 8 Feb 2024, retail.economictimes.indiatimes.com Revenue from operations increased 9% year-on-year (YoY) to Rs 3,804 crore in the December quarter. The same stood at Rs 3,474 crore in the last year quarter…
- HUL announces top-level rejig, Shiva Krishnamurthy joins management committee 8 Feb 2024, retail.economictimes.indiatimes.com Srinandan Sundaram, Executive Director, Foods and Refreshment, will take over as the Executive Director, Homecare, HUL…
- Quick commerce, gifting companies blossom on rose day 8 Feb 2024, retail.economictimes.indiatimes.com A Swiggy Instamart spokesperson told ETRetail that the company stocked up more than 1.5 million roses and witnessed up to 25 per cent more orders in the early hours of Rose Day…
- Meesho launches logistics marketplace Valmo; claims to offer 5% cheaper solutions 8 Feb 2024, retail.economictimes.indiatimes.com With Valmo, the company is partnering with micro-entrepreneurs for services including first-mile, last-mile, and sorting centres across the country, thus allowing delivery partners to be located close to users and reduce the time taken for each delivery…
- Nestle India Q4 net profit rises 4.3% to Rs 655.61 crore 8 Feb 2024, retail.economictimes.indiatimes.com Nestle India’s total revenue from operations also increased to Rs 4,600.42 crore in Q4 CY24 as compared to Rs 4256.79 crore in a similar period last fiscal. Its total expenses rose to Rs 3,636.94 crore in Q4 CY24 from Rs 3,427.27 crore in Q4 CY23, as per the regulatory filing…
- Trent Q3 net profit more than doubled to Rs 370.64 crore; Co. looks to deepen store presence 8 Feb 2024, retail.economictimes.indiatimes.com Noel N Tata, chairman of Trent Limited said, “We will continue to expand and deepen our store presence with the aim of being ever more proximate and convenient to customers reinforcing our brand promise. We believe that our strategic differentiators will continue to provide us encouraging tailwinds.”..
- Parag Milk Foods Q3 net profit nearly quadrupled to Rs 34.16 cr 8 Feb 2024, retail.economictimes.indiatimes.com Commenting on the results Devendra Shah, chairman at Parag Milk Foods said, “Over the last two quarters, the milk procurement prices have been benign and we expect it to remain stable ahead. Improving consumer sentiments coupled with our continuous focus on the value-added products and the health and nutrition segment is expected to drive healthy performance in the future.”..
- Growth of caffeinated energy drinks makes Govt anxious 8 Feb 2024, retail.economictimes.indiatimes.com Amid a surge in consumption, particularly among teenagers and athletes, government officials are considering tighter regulations for caffeinated energy drinks. Concerns over potential health risks from excessive consumption prompt reevaluation by the Food Safety and Standards Authority of India (FSSAI). Proposed changes may include mandatory disclosures of caffeine content and consumption limits on packaging. Industry players like PepsiCo and Coca-Cola await official directives amidst rising scrutiny…
- Veg thali cost increases in Jan; non-veg thali rates fall 8 Feb 2024, retail.economictimes.indiatimes.com According to Crisil Market Intelligence and Analytics (MI&A) Research ‘Rice Roti Rate’ estimates, the rise in prices of ingredients like pulses, rice, onion and tomato made home-cooked veg thali costlier in January, while decline in poultry rates helped in the fall in non-veg thali rates…
- Moet Hennessy sees the right spirit in India 8 Feb 2024, retail.economictimes.indiatimes.com ”Currently, we are focusing in India on Hennessy Cognac, Glenmorangie whisky and Chandon Sparkling wine, and to a lesser degree, on our champagnes which are purchased more outside India than within India,” Schaus said…
- The Great India Retail Summit 2024: Shaping the future of retail 8 Feb 2024, retail.economictimes.indiatimes.com The summit boasts a stellar lineup of retail pioneers, brand mavens, and thought leaders, ready to share their insights and shape the trajectory of the industry…
- Physical retail surging: 41 million sq ft new development expected by 2028 8 Feb 2024, retail.economictimes.indiatimes.com Stable economic conditions have fueled the consumption led growth enabling footprint expansion by retailers and new mall announcements. Apart from the strong supply pipeline, mall developers are focusing on building larger-sized malls to offer better shopping experience…
- In Q3, Berger Paints had 9.1% growth; in Q4 trends should be similar: Abhijit Roy 8 Feb 2024, retail.economictimes.indiatimes.com Abhijit Roy says: “We have always had big competition within the industry. There are major players there already both domestic and international and we have been fighting. So I do not see anything majorly changing, of course, there is a very big player coming in in March-April and that might shift a little bit in terms of the growth rates but it is not going to be a very tangible effect on the overall revenue or profit growth.”…
- D2C home care brand Koparo raises Rs 5.2 cr funding from 4P Capital Partners 8 Feb 2024, retail.economictimes.indiatimes.com “In the next 2 years, we are targeting to reach 10 lakh Indian consumers and our focus is on expanding distribution both online and offline.” said Simran Khara, founder, Koparo…
- Butterfly Gandhimathi Appliances to continue focus on strengthening retail presence 8 Feb 2024, retail.economictimes.indiatimes.com ”During the quarter, revenue from core categories grew along with market share gains vs the same period last year. Growth in core categories was driven by new product launches, with meaningful contribution from premium segments,” said company Managing Director Rangarajan Sriram in a statement on Wednesday…
- Premium Kidswear Brand Kate and Oscar Launch First Store in Delhi NCR: Totalling Six Stores in First Year of Inception 8 Feb 2024, indianretailer.com In a strategic move to enrich the retail landscape for kids’ apparel in North India, premium brand Kate and Oscar joyously announce the grand opening of its latest store in Ambience Mall, Gurgaon…
- 10 Stellar Vendor Booth Ideas for Crushing Your 2024 Sales Goals 8 Feb 2024, indianretailer.com Standing out in a crowded marketplace isn’t easy, especially for vendors vying for attention amidst a flurry of competing products. In 2024, the bar for captivating customers is higher than ever. You need more than just well-made goods; you need an experience that draws them in, educates them, and ultimately, converts them into loyal fans…
- Decoding Consumer Behavior: Four Essential Strategies for Retail Marketing Success 8 Feb 2024, indianretailer.com In today’s fast-paced retail environment, understanding consumer behavior is not just an advantage, it’s a necessity for survival and growth…
- Ace Group Unveils ‘ACE YXP’ Commercial Project At Yamuna Expressway 7 Feb 2024, retail.economictimes.indiatimes.com Ace the renowned real estate developer in India is making the headlines again with the unveiling of’ ACE YXP,’ a transformative commercial and lifestyle destination poised to redefine luxury and convenience on the Yamuna Expressway…
- Anant Raj’s net profit up 58.17% in Q3 FY24 7 Feb 2024, realty.economictimes.indiatimes.com Anant Raj’s net consolidated total income stood at Rs 401.02 crore in Q3 FY24, a growth of 43.14 per cent from Rs 280.16 crore it recorded in the similar quarter last year…
- FSN E-commerce board approves restructuring of group businesses to streamline operations 7 Feb 2024, retail.economictimes.indiatimes.com FSN E-commerce’s board has approved further investment in Nykaa Fashion by way of equity on a rights issue basis. Further, its board has approved the acquisition of the athleisure and lingerie business of Nykaa Fashion as a going concern on a slump sale basis, in accordance with the business transfer agreement (BTA) to be entered between the companies on an arm’s length basis…
- Timex to continue betting big on analog watches; eyes India to become its biggest market 7 Feb 2024, retail.economictimes.indiatimes.com The company is also working with vendors in India to develop their capabilities in making stainless steel cases…
- Britannia’s net profit drops 40% to Rs 932.40 crore in Q3 FY24 7 Feb 2024, retail.economictimes.indiatimes.com Britannia’s revenue from operations increased 1.41% at Rs 4,256.33 crore in Q3 FY24 as compared to Rs 4,196.80 crore in Q3 FY23. Its total expenses grew to Rs 3,544.42 crore in Q3 FY24 as against Rs 3,475.31 crore in the same period of last fiscal, according to a regulatory filing…
- Radico Khaitan Q3 net profit up 23% to Rs 75.15 crore 7 Feb 2024, retail.economictimes.indiatimes.com Radico Khaitan’s revenue from operations rose 34.1 per cent to Rs 4,245.95 crore in the third quarter of the current financial year. It stood at Rs 3,166.19 crore in the year-ago period…
- Nykaa Q3 Results: Profit nearly doubles to Rs 16 crore; revenue up 22% YoY 7 Feb 2024, retail.economictimes.indiatimes.com Nykaa Q3 Results: FSN E-commerce Ventures, the parent company of Nykaa, reported a 97% YoY increase in net profit for Q3, reaching Rs 16.2 crore. Revenue from operations also rose by 22% YoY to Rs 1,789 crore. The EBITDA margin expanded to 5.5%, showing a 26% YoY growth. Nykaa’s gross merchandise value (GMV) increased by 20% YoY to Rs 761 crore. ..
- V-Mart Retail Q3 profit up 41.3% at Rs 28.23 cr, revenue up 14.4% to Rs 889 cr 7 Feb 2024, retail.economictimes.indiatimes.com ”Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter,” said an earning statement from the company…
- S.P. Apparels to acquire 51.33% stake in Young Brand Apparels 7 Feb 2024, retail.economictimes.indiatimes.com Listed garment maker S.P. Apparels Ltd on Monday said it will acquire 51.33 per cent stake in the Rs 325.91 crore revenue Young Brand Apparels Private Ltd for Rs 95 crore…
- Dec quarter sees 6.4% surge in FMCG volumes; urban-rural gap narrows: Report 7 Feb 2024, retail.economictimes.indiatimes.com The Indian FMCG industry has experienced a 6 per cent growth in value, attributed to a 6.4 per cent increase in volume, indicating positive consumption patterns at an all-India level, the report read…
- Vans sneaker maker misses quarterly expectations; CFO to step down 7 Feb 2024, retail.economictimes.indiatimes.com The company, which withdrew its annual forecasts in October and announced a cost reduction plan, said it had begun an in-depth strategic review of its Global Packs business, including brands such as Kipling and JanSport…
- Slowing consumer sales growth marks end of revenge shopping 7 Feb 2024, retail.economictimes.indiatimes.com ”Revenge shopping that we saw during the pandemic was never sustainable. While people are buying higher priced products including cars and electronics with finance options, the increasing EMI every month is forcing them to cut back on lifestyle products like clothing and accessories,” said Kumar Rajagopalan, chief executive officer of RAI…
- Battery-maker Eveready Industries Q3 profit jumps 55% on lower expenses 7 Feb 2024, retail.economictimes.indiatimes.com Eveready’s total expenses fell almost 9% to 2.95 billion rupees, led by a 29% decline in raw material costs. As a result, consolidated net profit rose to 84.1 million rupees ($1 million) in the three months to Dec. 31…
- TTK Prestige posts higher profit on strong demand for cookware 7 Feb 2024, retail.economictimes.indiatimes.com Consolidated net profit rose 8.5% to 624.8 million rupees ($7.5 million) during the October-December period, snapping five straight quarters of declining profit. Revenue from operations climbed 6.3% to 7.38 billion rupees…
- ‘Fresh’ Fresh Signature Store by Reliance Retail Opens at Infiniti Mall Oshiwara; Brings Total Count to 141 Outlets 7 Feb 2024, indianretailer.com Reliance Retail has introduced Fresh Signature, an experiential supermarket housed in a sprawling 9000 sq. ft. space at Infiniti Mall Oshiwara, Andheri West, Mumbai. Far from the conventional grocery store experience, Fresh Signature pioneers a new approach with 17 live food experiences seamlessly integrated with a diverse product array, transforming mundane grocery runs into a sensory journey of culinary discovery…
- Malabar Gold and Diamonds Strengthens Presence in Lucknow with Alambagh Store 7 Feb 2024, indianretailer.com Malabar Gold and Diamonds, a key player in the Indian jewelry retail landscape, has recently inaugurated its latest store in Alambagh, Lucknow, as part of its ongoing commitment to providing an unparalleled jewelry shopping experience…
- Empowering Customers: A Guide to Valuable Services Retailers Offer 7 Feb 2024, indianretailer.com In today’s competitive retail landscape, exceptional customer service is no longer a differentiator – it’s an absolute necessity…
- What is Visual Merchandising in Retail (2024): Captivate, Connect, and Convert 7 Feb 2024, indianretailer.com In the ever-evolving retail landscape, where competition is fierce and online shopping holds significant sway, standing out from the crowd is crucial…
- GSM in Retail: Unveiling the Mystery Behind the Acronym 7 Feb 2024, indianretailer.com In the dynamic world of retail, understanding product specifications is crucial for making informed purchasing decisions. Among the various technical terms encountered, “GSM” often sparks curiosity…
- Exploring the Expansive World of Retailing: Scope and Key Functions 7 Feb 2024, retail.economictimes.indiatimes.com This article aims to delve deep into the scope and functions of retailing, providing insights into its evolution, economic impact, and the diverse roles it plays in the market…
- TREVOC Group Enters Gurgaon With Rs 100 Cr Worth Prime Land Purchase 6 Feb 2024, rprealtyplus.com Gurgaon, often referred to as India’s Millennium City, has long been synonymous with luxury real estate. The renowned developer TREVOC Group has recently made a significant move by acquiring prime land…
- ANAROCK Raises Rs 200 Cr Funding From 360 ONE Asset 6 Feb 2024, rprealtyplus.com ANAROCK, a leading Indian independent real estate consultancy, has announced an investment of ~INR 200 Cr (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), one of India’s largest alternate asset managers and part of the 360 ONE group, a wealth…
- Quick commerce platforms surge rocks neighborhood grocery stores 6 Feb 2024, retail.economictimes.indiatimes.com India’s neighborhood grocery stores, numbering around 12 million, experienced a slowdown in sales in the last quarter of 2023, while quick-commerce firms gained market share. Companies like Marico, Dabur, and Parle noted challenges in profitability and liquidity for traditional kirana stores. Quick-commerce platforms like Swiggy Instamart and Zomato-owned Blinkit have contributed significantly to FMCG sales, accounting for 30-50% of e-commerce sales for these companies…
- Rado grew by 23% last year in India: Global CEO Adrian Bosshard 6 Feb 2024, retail.economictimes.indiatimes.com In conversation with ETRetail, Rado’s Global CEO Adrian Bosshard discusses the company’s new launch, the India market’s performance for FY23, and growth plans going forward…
- Pepsi India bottler Varun Beverages’ Q4 profit surges 77% on upbeat demand 6 Feb 2024, retail.economictimes.indiatimes.com Consolidated net profit rose to 1.32 billion rupees ($15.9 million) for the fourth quarter ended Dec. 31, compared with 747.5 million rupees in the year-ago period…
- Welspun Living appoints Sunil Duggal as independent director 6 Feb 2024, retail.economictimes.indiatimes.com On Sunil Duggal’s appointment, Dipali Goenka, CEO and MD of Welspun Living, said, “His extensive experience, particularly in steering Dabur’s success, aligns seamlessly with our commitment to elevating Welspun’s B2C journey. As we embark on this transformative phase, his consumer-centric perspective and experience in building strong consumer connections resonates perfectly with Welspun’s vision. “..
- Will FMCG giants be able to slay their puny challengers? 6 Feb 2024, retail.economictimes.indiatimes.com The Indian economy, driven by rising consumption, offers a large scope for the growth of the FMCG sector. This includes not only big companies like Hindustan Unilever and Nestle India but also emerging small players. Local brands have been eating into the market share of leading consumer product companies in categories like soaps, detergents, hair oil, tea, and biscuits. These regional brands have been scaling up rapidly and giving tough competition to national brands. FMCG giants are fighting back by reducing product prices, increasing advertising, and investing in marketing…
- State-owned EESL launches beta version of ecommerce platform 6 Feb 2024, retail.economictimes.indiatimes.com The platform, eeslmart.in, lists energy-efficient appliances such as LED bulbs, inverter LED lamps and fans, at present…
- Luxe brands expand, lease more space 6 Feb 2024, retail.economictimes.indiatimes.com The luxury retail market in India is experiencing robust growth, with luxury watch, jewelry, fashion, and apparel brands leasing 600,000 square feet in 2023, marking the highest in six years, according to CBRE data. The share of luxury brands in overall leasing rose to 9% in 2023 from 3% in 2018. The expansion is attributed to growing consumer aspiration for global brands, increased disposable income, and the growth of organized retail spaces in major cities. International brands such as La Vie en Rose, Rimowa, Bugatti Fashion, and Victoria’s Secret have made significant expansions in the Indian market…
- Unicommerce adds ‘Endless Aisle’ to its omnichannel retail management system 6 Feb 2024, retail.economictimes.indiatimes.com Businesses continue to adopt omnichannel technology to align with users who move seamlessly between the online and physical stores of a brand. With Unicommerce’s…
- Bajaj Electricals posts Q3 profit drop on shrinking consumer spends 6 Feb 2024, retail.economictimes.indiatimes.com The October-December period typically marks the festival season in India, during which consumers traditionally splurge on non-discretionary products. However, demand was subdued in the latest quarter due to elevated inflation levels, which restrained expenditure on non-essential items, in both rural and urban areas, analysts said…
- Nappa Dori Debuts in Mumbai Duty-Free 6 Feb 2024, indianretailer.com In a significant stride for the travel retail sector, Mumbai Duty Free proudly unveils the inclusion of Nappa Dori at its Departure Store in Chhatrapati Shivaji Maharaj International Airport…
- Louis Philippe and Peter England Debut Exclusive Outlets in Mauritius 6 Feb 2024, retail.economictimes.indiatimes.com Aditya Birla Fashion and Retail Ltd. (ABFRL) launched Louis Philippe and Peter England, its distinguished menswear brands, to the vibrant retail landscape of Mauritius in collaboration with Jetha Tulsidas…
- Furniture Brand from Singapore, Commune, Launched Flagship Store in Mumbai 6 Feb 2024, indianretailer.com Singapore-based luxury furniture brand, Commune, a subsidiary of Koda, Southeast Asia’s leading furniture producer with over 50 years of expertise, is thrilled to announce the opening of its flagship store in Mumbai…
- CHARLES and KEITH Unveils Concept Store at Ambience Mall 6 Feb 2024, indianretailer.com In a significant move within the retail landscape, renowned fashion label CHARLES and KEITH has redefined the shopping experience for its patrons with the inauguration of its revamped concept store at Ambience Mall, Gurgaon…
- The Epitome of Luxury: A Deep Dive into 10 Premium Cigarette Brands in India Above ₹2000 6 Feb 2024, indianretailer.com In a world where smoking is not just a habit but a statement of luxury and style, certain cigarette brands have set themselves apart. In India, the market for premium cigarettes is flourishing, with several brands offering products…
- Diageo India’s Micro Enterprise Initiative Empowers Women Farmers in Nashik 6 Feb 2024, indianretailer.com Diageo India, a leading alco-bev company, has initiated a micro-enterprise program aimed at empowering smallholder women farmers in Nashik…
- Retailers React – A Mixed Bag of Measures Unveiled 6 Feb 2024, indianretailer.com The much-anticipated Union Budget 2024 has been presented, and the Indian retail sector, a crucial pillar of the economy, is carefully analyzing its impact…
- Top Retailers Using Tech to Build Lifelong Customer Relationships: Cultivating Loyalty in the Digital Age 6 Feb 2024, indianretailer.com In today’s competitive retail landscape, customer loyalty is more precious than ever. The ease of switching brands online and the abundance of choices have made traditional loyalty programs seem almost quaint…
- Solutions to Shrinkage: Retail’s Biggest Pain 6 Feb 2024, indianretailer.com For retailers, the thrill of a bustling store can quickly fade when faced with the harsh reality of shrinkage. This silent thief, encompassing losses from shoplifting, employee theft, administrative errors, and vendor fraud, eats away at…
- FMCG majors slash prices, hike advertising spends to beat regional brands 5 Feb 2024, retail.economictimes.indiatimes.com Top FMCG majors, including Hindustan Unilever, Marico, and Adani Wilmar, are reducing product prices and increasing marketing investments to combat competition from regional brands…
- Budget 2024 brings cheer to dairy sector 5 Feb 2024, retail.economictimes.indiatimes.com The managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF), Jayen Mehta, applauded the government’s initiative, emphasizing its potential to transform India into the “dairy to the world.” Devendra Shah, chairman of Parag Milk Foods, also lauded the government’s commitment, acknowledging the dairy sector’s significance in sustaining the livelihoods of 80 million dairy farmers…
- Blue Tokai revenue surges 70% in FY23; loss up 3.5 times as firm expands footprint 5 Feb 2024, retail.economictimes.indiatimes.com Specialty coffee brand Blue Tokai saw its total expenses balloon to Rs 166 crore in FY23 from Rs 90 crore in the previous fiscal primarily on account of an increase in costs pertaining to raw materials, employee salaries, and rents…
- Lite Bite to focus on 4 core brands; tier 1,2 to be key growth markets 5 Feb 2024, retail.economictimes.indiatimes.com Lite Bite Foods, operating Asia7 and Street Foods, aims to double its outlets count by focusing on its four core brands, including Punjab Grill, Street Foods, YouMee, and Asia 7. The company plans to expand in tier 1 and 2 markets to capitalize on India’s growing organized food services sector. The food and service is expected to reach $78.8 billion by 2026, driven by factors such as increased dining out frequency and demand for diverse cuisines…
- Patanjali enters race with all-cash offer of ₹830 crore to acquire Rolta India 5 Feb 2024, retail.economictimes.indiatimes.com Patanjali Ayurved has made a late bid to acquire debt-laden Rolta India with an all-cash offer of approximately ₹830 crore. This bid comes after Ashdan Properties was declared the highest bidder by banks last week. Patanjali Ayurved approached the National Company Law Tribunal in Mumbai, requesting lenders to consider its offer. The tribunal has put the onus on the committee of creditors to decide whether to entertain the bid since it emerged after the completion of the bidding process…
- E-commerce is revolutionising the entrepreneurial landscape in tier 2 and 3 cities 5 Feb 2024, retail.economictimes.indiatimes.com There are many inspiring stories of start-ups and entrepreneurs who have successfully scaled up and transformed their businesses by embracing e-commerce…
- Retailers slash prices on more Nike sneakers in 2024 5 Feb 2024, retail.economictimes.indiatimes.com The trend marks a break from the past, when Nike retailers enjoyed the ability to sell through their Nike inventory at full price — particularly lifestyle shoes such as Nike Air Jordan 1 Retro High. Nike’s full retail prices range from roughly $50 for basic Nike running shoes to $200 or more for special-release Nike sneakers…
- Superdry CEO exploring takeover of struggling retailer 5 Feb 2024, retail.economictimes.indiatimes.com Superdry shares soared earlier on Friday to levels not seen since October after The Times newspaper reported that U.S. private equity company Sycamore Partners and Authentic Brands Group, which owns Ted Baker, had Superdry “on their radar”…
- FMCG firms report single-digit volume growth with better margin in December quarter 5 Feb 2024, retail.economictimes.indiatimes.com Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quarters. Moreover, the late arrival of winter also impacted the pickup of relevant products such as lotions, oils and creams. Hindustan Unilever (HUL) reported a muted growth in consolidated net profit at Rs 2,508 crore and its sales were marginally down to Rs 15,259 crore…
- Signature Global posts Rs 2.17 crore net profit in Q3 FY24 5 Feb 2024, realty.economictimes.indiatimes.com Total income rose to Rs 301.75 crore in the third quarter of this fiscal from Rs 191.78 crore in the corresponding period of the previous year, according to a regulatory filing on Friday…
- Top 10 Concepts Every Data Professional Should Know 5 Feb 2024, indianretailer.com In the fiercely competitive world of retail, data isn’t just a buzzword – it’s the key to unlocking success. With the ever-growing volume of information available, mastering retail analytics has become essential for any data professional looking to make a mark in this dynamic industry…
- Slice of Profit: How Retailers Can Maximize Sales on National Pizza Day 5 Feb 2024, indianretailer.com Ah, National Pizza Day! A glorious feast for the senses, where melty cheese, tangy tomato sauce, and the irresistible aroma of baked dough create a symphony of indulgence…
- A Guide for Retail Owners Navigating the Evolving Landscape 5 Feb 2024, indianretailer.com The retail landscape is more dynamic than ever. Consumer preferences shift like sands in the wind, competition is fierce, and technological advancements rewrite the rules of the game. As a retail owner, navigating this ever-changing terrain can feel like walking a tightrope blindfolded…
- Top 10 Concepts Every Data Professional Should Know 5 Feb 2024, indianretailer.com In the fiercely competitive world of retail, data isn’t just a buzzword – it’s the key to unlocking success. With the ever-growing volume of information available, mastering retail analytics has become essential for any data professional looking to make a mark in this dynamic industry…
- From Likes to Profits: How Indian Entrepreneurs are Mastering Social Media Sales Strategies 5 Feb 2024, indianretailer.com India’s dynamic entrepreneurial ecosystem has undergone a remarkable transformation as the mindset of hardworking entrepreneurs shifts from merely contributing towards maximizing profits to employing innovative social media marketing strategies…
- Popeyes® Partners with RB Iberia to launch in Italy 5 Feb 2024, restaurant.indianretailer.com RB Iberia is committed to providing guests with an excellent digital experience, utilizing personalization and the latest service channels to serve our guests in the iconic hospitable way that is characteristic of the brand…
- ITC’s Iconic Restaurant ‘Avartana’ Opens 3rd Outlet at ITC Maratha, Mumbai 5 Feb 2024, restaurant.indianretailer.com Already a huge success at ITC Grand Chola in the south, and ITC Royal Bengal in the east, the legacy of this signature culinary restaurant now takes the stage at ITC Maratha in the west…
- Embassy REIT Achieves Full Year Leasing Guidance Of 6.5 Mn Sqft In 9 Months 3 Feb 2024, rprealtyplus.com Embassy Office Parks REIT (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results for the third quarter ended December 31, 2023…
- Apple sets another record in India, what CEO Tim Cook told analysts 3 Feb 2024, retail.economictimes.indiatimes.com Apple’s record quarter in India contributed to its fiscal 2024 Q1 results, which showed a 2% YoY revenue growth. The growth was driven by iPhone sales and an all-time revenue record in Services. Apple’s active device base exceeded 2.2 billion, a new high across all products and regions…
- Bikaji Foods International’s net profit rises 15% to Rs 46 crore in Q3 FY24 3 Feb 2024, retail.economictimes.indiatimes.com Bikaji Foods’ total revenue from operations grew 22.9 per cent YoY to Rs 624.15 crore in Q3 FY24 as against the revenue of Rs 507.68 crore in Q3 FY23. Also, the company’s total expenses surged to Rs 567.78 crore in Q2 FY24 as against the total expenses of 468.36 crore in the similar period of the previous fiscal, as per the regulatory filing…
- Gokaldas Exports acquires apparel business of Matrix Clothing 3 Feb 2024, retail.economictimes.indiatimes.com “The acquisition of Matrix is an important step in this direction as it is strategically relevant, possesses a good complementary customer base, operationally strong, and above all, a leader in its own sphere,” said Sivaramakrishnan Ganapati, vice chairman & MD, Gokaldas Exports…
- Amazon Q4 sales beats estimates on cloud and ecommerce strength, shares rise 3 Feb 2024, retail.economictimes.indiatimes.com ”Amazon was a clear winner in the 2023 holiday season, thanks to its commanding presence over an extended shopping period and a renewed emphasis on speedier delivery and essential categories prioritized by consumers,” said Insider Intelligence senior analyst Sky Canaves. He forecast Amazon expanding its U.S. ecommerce market share this year…
- Delhivery Q3 Results: Co swings to black with cons profit at Rs 11 crore 3 Feb 2024, retail.economictimes.indiatimes.com Consolidated revenue from operations rose 20.3% YoY to Rs 2,194 crore. The numbers were better than expected, as most analysts had estimated a loss for the logistics solutions provider…
- Bikaji Foods International appoints Sunil Sethi as a non-executive independent director 3 Feb 2024, retail.economictimes.indiatimes.com Sethi is a corporate connoisseur with over three decades of multi-category experience in the FMCG & Alcoholic beverages industry. With expertise in sales, marketing, strategy, and general management across international markets, he has held key roles in blue-chip Indian and multinational organizations, including Wipro Consumer, Cadbury India (now Mondelez), Diageo, Colgate Palmolive, Kelloggs & Fonterra…
- Kisan to kirana: FMCG companies bet on rural revival 3 Feb 2024, retail.economictimes.indiatimes.com The extension of healthcare coverage under Ayushman Bharat to Asha and Anganwadi workers and expansion of the Lakhpati Didi scheme’s target to 3 crore women are big positives this year, said Malhotra, adding that they will go a long way in empowering rural women and enhancing the quality of life in rural India, ensuring sustained demand for branded consumer goods…
- The Ayurveda Company aims to reach 50K sales touchpoints in GT market by Diwali 2024 3 Feb 2024, retail.economictimes.indiatimes.com Sanjiv Gupta, the chief advisor at T.A.C, shared, “Our target is to reach 50K touchpoints by Diwali 2024, supported by media and BTL activations and building an entire network on the cash and carry model.”…
- Whirlpool’s Indian unit quarterly profit jumps on strong demand 3 Feb 2024, retail.economictimes.indiatimes.com Consolidated net profit rose to 279.9 million rupees ($3.38 million) in the quarter ended Dec. 31, from 246.9 million rupees a year earlier. Revenue from operations in Whirlpool’s Indian unit rose nearly 18% to 15.36 billion rupees for the first time in four quarters…
- India’s V-Guard posts Q3 profit beat on sturdy demand across segments 3 Feb 2024, retail.economictimes.indiatimes.com Revenue from the electricals segment, which accounts for 40% of the revenue, rose 8% to 4.73 billion rupees, aiding the Kochi, Kerala-based company. The category includes products like electric water heaters and fans. Key festivals, such as Diwali and Christmas, prompted retailers to roll out enticing offers…
- Q3 Fiscal Triumphs: Blue Star and Kalyan Jewellers Lead Revenue Surge 3 Feb 2024, indianretailer.com In the backdrop of the third quarter of fiscal year 2023-24, several companies across diverse sectors have reported their financial results…
- How Indian E-Commerce and D2C Brands Embrace the Vision of Viksit Bharat 3 Feb 2024, indianretailer.com The echoes of the Interim Budget 2024-25 are reverberating across the Indian business horizon, particularly within the dynamic realms of e-commerce and Direct-to-Consumer (D2C) brands…
- Godrej Interio’s Sustainable Surge: A Green Revolution in Indian Retail Furniture 3 Feb 2024, indianretailer.com Godrej and Boyce, a stalwart in the Indian retail landscape, through its business arm Godrej Interio, is navigating the tides of change in the furniture industry…
- The Future of Retail Analytics: Embracing New Technologies and Methodologies 3 Feb 2024, indianretailer.com The retail landscape is undergoing a seismic shift. Gone are the days of brick-and-mortar dominance and static customer interactions. Today, the savvy shopper is armed with information, empowered by technology, and demanding a personalized, seamless experience…
- DTC Disruption: Can Established Brands Compete with the Agility of Digital Natives? 3 Feb 2024, indianretailer.com The retail landscape is undergoing a seismic shift. The rise of direct-to-consumer (DTC) brands is challenging the dominance of established giants, shaking up industries and redefining consumer expectations…
- Communicating Your ESG Efforts Effectively: Building Trust with Consumers -Retail Practices 3 Feb 2024, indianretailer.com In today’s increasingly conscious consumer landscape, Environmental, Social, and Governance (ESG) factors play a growing role in purchasing decisions…
- Harnessing Customer Data for Effective Omnichannel Marketing Campaigns 3 Feb 2024, indianretailer.com In today’s digital landscape, customers navigate across multiple channels – websites, social media, mobile apps, and physical stores – seamlessly blending online and offline experiences…
- Harnessing Customer Data for Effective Omnichannel Marketing Campaigns 3 Feb 2024, indianretailer.com In today’s digital landscape, customers navigate across multiple channels – websites, social media, mobile apps, and physical stores – seamlessly blending online and offline experiences…
- Unveiling the Richest Billionaires in Fashion and Retaiil – An In-Depth Look 3 Feb 2024, retail.economictimes.indiatimes.com The fashion and retail industry’s landscape is dotted with towering figures, their names synonymous with success and unimaginable wealth. From luxury titans like Bernard Arnault to fast-fashion kingpins like Amancio Ortega, their journeys and strategies offer valuable insights into the intricate workings of this dynamic sector…
- Sankey Prasad Appointed CMD Colliers India & CMD Colliers Project Leaders Middle East 25 Jan 2024, rprealtyplus.com Global diversified professional services and investment management company, Collier, announced that Sankey Prasad will expand his leadership role to include Project Leaders in the Middle East…
- DLF’s net profit up 26.60% in Q3 FY24 25 Jan 2024, realty.economictimes.indiatimes.com DLF’s net consolidated total income stood at Rs 1,643.51 crore in Q3 FY24, a growth of 5.38 per cent from Rs 1,559.66 crore it recorded in the similar quarter last year…
- Kolte-Patil Developers’ net loss widens to Rs 63.04 crore in Q3 FY24 25 Jan 2024, realty.economictimes.indiatimes.com Kolte-Patil Developers’ net consolidated total income stood at Rs 83.70 crore in Q3 FY24, a dip of 77.65 per cent from Rs 374.46 crore it recorded in the similar quarter last year…
- Good Glamm cofounder Priyanka Gill to join Kalaari Capital as venture partner 25 Jan 2024, retail.economictimes.indiatimes.com Gill will also join the board of Good Glamm and become the chairperson of Good Media Co that runs the group’s digital media business, the company said in a news release…
- OnePlus to double investments for retail expansion; open 200 stores in 2024 25 Jan 2024, retail.economictimes.indiatimes.com Sharing the company’s renewed focus on retail strategy, Ranjeet Singh, Director of Sales, OnePlus India said that the retailer has set an ambitious target of opening over 200 stores in 2024. He added that the company is eyeing over 150 cities to open these new stores to increase its market penetration into tier 2 and 3 cities…
- Retail sector leasing increases 47% YoY in 2023 25 Jan 2024, retail.economictimes.indiatimes.com Demand for retail spaces in recently completed malls played a significant role in shaping the overall retail space occupancy in 2023, and nearly 30 per cent share in total absorption was led by primary leasing in these malls. During the year, the retail sector in India witnessed a surge in leasing activity, with Mumbai and Pune recording 5-year high leasing at 1.0 and 0.8 million sq ft, respectively. Bangalore, Ahmedabad, Delhi-NCR, Ahmedabad, Kolkata and Hyderabad witnessed steady leasing activity, the CBRE report stated…
- Excitement builds as top retail leaders take centre stage at GIRS’24 25 Jan 2024, retail.economictimes.indiatimes.com In a candid fireside chat, restaurant maestro Zorawar Kalra, MD, Massive Restaurants will share his recipe for deciphering consumer behaviour for building a flourishing food business…
- Budget 2024: The jewellery industry expects budget to foster growth, promote consumer spending & secure global competitiveness 25 Jan 2024, retail.economictimes.indiatimes.com The jewellery industry is also expecting an infrastructure boost which can ensure that raw materials are available at the most competitive prices and the availability of gold in the form of a gold loan at competitive pricing…
- Quick-commerce firm Zepto elevates Nikhil Mittal to chief technology officer 25 Jan 2024, retail.economictimes.indiatimes.com Mittal joined Zepto as its first employee more than two years ago, and has been associated with the company since then. His elevation comes after the Mumbai-based startup recently raised $31.25 million in a fresh funding round from existing investors such as Goodwater Capital and Nexus Venture Partners…
- Addition of global brands is unlocking value for Myntra: Nandita Sinha 25 Jan 2024, retail.economictimes.indiatimes.com The overall retail growth slowed to 6% in both March and April, increasing marginally to 9% in August and September before falling slightly to 7% in October and November, according to the Retailers Association of India. Myntra, however, said it outperformed the market. During FY23, the online retailer’s revenue rose 25% to Rs 4,375 crore from Rs 3,501 crore in the previous year…
- FNP appoints Paridhi Joshi as Assistant Vice President – Retail 25 Jan 2024, retail.economictimes.indiatimes.com In her new role, she will be overseeing category and merchandising operations and will optimize customer engagement strategies…
- Snitch appoints Mayur Ashtekar as its business development & offline expansion head 25 Jan 2024, retail.economictimes.indiatimes.com In his new role, Ashtekar will oversee Snitch’s retail business development, drive the company’s offline expansion and execute strategic plans for Snitch, read the release…
- India’s coffee exports fell 5.4% in 2023 25 Jan 2024, retail.economictimes.indiatimes.com According to the Coffee Board of India’s latest data, export of Robusta coffee bean declined 15 per cent to 1.87 lakh tonne in 2023, from 2.20 lakh tonne in the previous year…
- India Inc confident of achieving $5 trillion economy, says Deloitte in pre-Budget survey 25 Jan 2024, retail.economictimes.indiatimes.com India Inc is confident of achieving $5 trillion economy with government support in infrastructure investments, reforms, and technology adoption. Business leaders anticipate strong economic growth, with about 50% of India Inc optimistic about above 6.5% growth in FY25. Automotive, consumers and retail, technology, media, and telecommunication, and energy, resources, and industrials sectors anticipate high growth…
- AI and Blockchain are revolutionizing the beauty industry for enhanced business 25 Jan 2024, retail.economictimes.indiatimes.com This article delves deep into the ways AI and Blockchain are enhancing the beauty industry, fostering sales growth, and generating leads…
- AI computers to drive next replacement cycle in Indian PC market, says Asus Executive 25 Jan 2024, retail.economictimes.indiatimes.com Taiwanese firm Asus plans to launch an AI-powered consumer notebook in India. India is the third-largest PC market globally, but there is a significant gap between India and China. Following the government’s implementation of the revised production-linked incentive (PLI) scheme for IT hardware in 2023, Asus is increasing its local production in India…
- Demand for spaces in malls pushed retail leasing to all-time high in 2023 25 Jan 2024, business-standard.com In 2023, the retail sector in India recorded an all-time high leasing of 7.1 million square feet across the top eight cities in India, 47 per cent higher than in 2022, according to a report released on Wednesday…
- The Pant Project Expands Retail Presence in India, Embraces Omnichannel Strategy 25 Jan 2024, indianretailer.com In a strategic move reflecting the evolving landscape of retail in India, The Pant Project, a digital-born brand founded in 2020, has opened its second physical retail store in Jayanagar, Bengaluru, in collaboration with Litestore…
- Accessorize London Elevates Retail Aesthetics with First Marble Concept Store 25 Jan 2024, indianretailer.com In a pioneering move, Accessorize London unveils its inaugural Marble Concept Store in India at Phoenix Marketcity Kurla, signaling the brand’s venture into cutting-edge design trends…
- World Cancer Day and the Retail Industry’s Role in Reducing Cancer Risk – A Deeper Dive 25 Jan 2024, indianretailer.com As we continue exploring the crucial intersection between sustainability and cancer prevention, let’s delve deeper into each point outlined in the previous section, revealing the intricacies and practical steps retailers can take to make a measurable difference…
- Puravankara Reports 45% Rise In Revenue For Q3 FY24 24 Jan 2024, rprealtyplus.com Puravankara Limited, one of India’s most trusted and admired real estate players, announced its financial results today for the third quarter (Q3FY24) ending December 31, 2023…
- Godfather beer maker DeVANS eyeing Rs 1,500 crore gross sales in FY25 24 Jan 2024, retail.economictimes.indiatimes.com The manufacturer of beer brands like Godfather, Six Fields, and Kotsberg, DeVANS currently has two breweries – one each in Rajasthan and Jammu. It has increased its production capacity through production tie-ups in Arunachal Pradesh and Jharkhand, and recently tied up with Vairagi Brewery in UP’s Barabanki, further enhancing its production capacity by 24,000 KL, amounting to 2 million cases per year Uttar Pradesh…
- ETRetail GIRS: Going Phygital | Shriti Malhotra, Group CEO, Quest Retail – The Body Shop 24 Jan 2024, retail.economictimes.indiatimes.com Going Phygital: In this episode, before our event The Great India Retail Summit (GIRS) 2024, our special guest, Shriti Malhotra, Group CEO, Quest Retail – The Body Shop, shares deep industry insights with ETRetail’s Anurag Sharma and discusses the emerging trends that are shaping the beauty industry…
- United Spirits Q3 net profit surges 63.5% to Rs 350.2 cr 24 Jan 2024, retail.economictimes.indiatimes.com USL CEO and MD Hina Nagarajan said: “We have delivered a resilient quarter in a challenging macro environment. While the sequential demand momentum was relatively muted, reassuringly, the premiumisation trend continues”…
- Ashish Pandey joins Dabur India as Global CIO 24 Jan 2024, retail.economictimes.indiatimes.com Pandey was most recently the CDTO of GSK Consumer Healthcare where he was responsible for the complete digital, and technology function in India Sub Continent. He held this position for over six years…
- Ashish Pandey joins Dabur India as Global CIO 24 Jan 2024, retail.economictimes.indiatimes.com Pandey was most recently the CDTO of GSK Consumer Healthcare where he was responsible for the complete digital, and technology function in India Sub Continent. He held this position for over six years…
- Retailers go easy on expansion as slowing consumption bites 24 Jan 2024, retail.economictimes.indiatimes.com India’s top retailers, including Reliance Retail, Titan Company, Avenue Supermarts, V-Mart Retail, and Shoppers Stop, have slowed down their store expansion this fiscal year. The slowdown is attributed to a focus on profitability and a saturated market with limited room for new outlets. Jefferies reported that Reliance Retail has reduced retail business capex and store additions have decreased…
- Havells Q3 net profit inches up 1.5 pc at Rs 287.9 cr 24 Jan 2024, retail.economictimes.indiatimes.com Its revenue from operations increased 6.93 per cent to Rs 4,413.86 crore during the period under review. It was Rs 4,127.57 crore in the corresponding quarter last fiscal…
- Online retailer Boohoo names former Zoopla executive Stephen Morana as new CFO 24 Jan 2024, retail.economictimes.indiatimes.com Confirming that trading was in line with market expectations, Boohoo said that McCabe’s departure was “by mutual agreement and with immediate effect”…..
- Ram-splendent: Idol sparkles with crores worth of gold, gemstone jewellery 24 Jan 2024, retail.economictimes.indiatimes.com 132 craftsmen worked tirelessly to create a stunning jewellery collection for the main idol of Ram Lalla. The collection features 14 pieces, including a mukut, tilak, emerald ring, ruby ring, and various necklaces and bracelets. It is adorned with 18,567 diamonds, 2,984 rubies, 615 emeralds, and 439 uncut diamonds, all ethically sourced and certified by the International Gemological Institute…
- Samsung targets premium users 24 Jan 2024, livemint.com Samsung India to focus on the upper spectrum of premium customers with its first online-to-offline store in Mumbai, spanning 8,000 sq. ft and featuring all of the electronics major’s products under one roof, as it aims to increase its sales from the offline market…
- Pride Hotels Group Sets the Tone for Sustainable Hospitality with In-House Bottling Plant 24 Jan 2024, indianretailer.com In a groundbreaking move towards environmental responsibility, Pride Hotels Group has achieved a noteworthy milestone by inaugurating its first in-house bottling plant at Pride Plaza Hotel Aerocity, New Delhi…
- The Brick-and-Mortar Renaissance: From Shelves to Stages in the Age of Online Shopping 24 Jan 2024, indianretailer.com Remember the dire pronouncements of e-commerce’s prophets? The brick-and-mortar obituary scribbled on napkins, the elegiac pronouncements about the slow, inevitable fade of physical stores? Well, hold onto your..
- Q3 FY24 Corporate Showdown: Winners & Losers Emerge Among Indian Industry Titans 24 Jan 2024, retail.economictimes.indiatimes.com In the third quarter of fiscal year 2023-24, major Indian corporations from diverse sectors have unveiled their financial performances, offering a fascinating tapestry of strategies and strengths…
- Q3 FY24 Corporate Showdown: Winners & Losers Emerge Among Indian Industry Titans 24 Jan 2024, indianretailer.com In the third quarter of fiscal year 2023-24, major Indian corporations from diverse sectors have unveiled their financial performances, offering a fascinating tapestry of strategies and strengths…
- The Thriving Future of Local Retail in 2024 24 Jan 2024, indianretailer.com For decades, the narrative surrounding retail painted a bleak picture for local businesses. The rise of megastores and the convenience of online shopping seemed to spell doom for quaint shops and bustling marketplaces…
- Oberoi Realty’s net profit dips 48.74% in Q3 FY24 23 Jan 2024, realty.economictimes.indiatimes.com Oberoi Realty’s consolidated total income stood at Rs 1,082.85 crore in Q3 FY24, a dip of 34.43 per cent from Rs 1,651.50 crore it recorded in the similar quarter last year…
- Gulshan Homz buys 2.5-acre land in Noida for Rs 150 crore 23 Jan 2024, realty.economictimes.indiatimes.com The company, which has another commercial project in the same sector, plans to develop one million square feet there…
- Udaan announces senior-level organizational changes as Group CFO Aditya Pande exits 23 Jan 2024, retail.economictimes.indiatimes.com As Aditya Pande transitions, the foundation laid during his tenure will enable udaan to tap future growth opportunities, capitalize on scale, and leverage cost synergies. These changes are in line with the company’s commitment to drive profitable growth and continue strengthening core capabilities while driving efficiency with excellence agenda, the company said in a statement…
- Colgate-Palmolive net profit rises 35.7% to Rs 330.11 crore in Q3 FY24 23 Jan 2024, retail.economictimes.indiatimes.com Prabha Narasimhan, managing director and CEO of Colgate Palmolive said, “Our current performance underscores the effectiveness of our strategy, focus on technology, securing the right talent, and efforts in governance and cost management. These initiatives have yielded consistent growth for the company, with our toothpaste segment achieving double-digit growth and positive volume expansion.”..
- Ayodhya Ram Mandir: Q-commerce, food delivery cos customise to deliver spiritual bliss 23 Jan 2024, retail.economictimes.indiatimes.com Q-commerce majors Zepto, Swiggy Instamart and Blinkit have added categories such as ‘Ram Mandir Inauguration’, ‘Light Up Your Pooja Corner’, and ‘Light Up & Celebrate’ on their respective applications to lure customers…
- Ludhiana’s hosiery players stare at losses due to weak demand, lack of repeat orders for winter wear 23 Jan 2024, retail.economictimes.indiatimes.com Hosiery goods manufacturers also blame dumping of China-made winter wear items, available at much lower prices, for adding to their woes…
- Indian FMCG sector is stronger than in the rest of the world 23 Jan 2024, thehindubusinessline.com FMCG is still the largest spender on advertising in India by a distance, and advertising is the lifeblood of the FMCG industry, says Sudhir Sitapati..
- Coffee prices rise at faster pace on growing demand, unseasonal rains 23 Jan 2024, retail.economictimes.indiatimes.com The increase in coffee prices has accelerated due to factors like unseasonal rainfall, a labor shortage, and growing demand, particularly among urban youth after the COVID-19 pandemic, according to experts. The unseasonal rainfall has caused damage to coffee crops, and a shortage of labor has slowed down the harvest process…
- Cloud kitchens or restos, no non-veg on the menu today 23 Jan 2024, retail.economictimes.indiatimes.com “Restaurants across the state have taken a unanimous decision to serve only vegetarian food on Monday. We must honour the government’s order. After all, it’s such a huge event that is being organised in Ayodhya,” said Varun Khera, who heads the National Restaurant Association of India in UP…
- Industrial & logistics space demand hit record in 2023 at 38.8 mn sq ft in 8 cities: CBRE 23 Jan 2024, retail.economictimes.indiatimes.com Demand for industrial and logistics spaces in major Indian cities reached an all-time high in 2023, with leasing activity growing by 8%. CBRE’s latest report highlights the rise in leasing of industrial and logistics spaces, driven by demand from third-party logistics (3PL) companies. The report also emphasizes the influence of 3PL players, who accounted for 45% of the leasing activity. Rental values in prominent micro-markets across cities witnessed an annual rise, except in Kolkata…
- Good Glamm Group inks three-year exclusive brand partnership deal with Dharma Productions 23 Jan 2024, retail.economictimes.indiatimes.com Direct-to-consumer company Good Glamm Group partners exclusively with Dharma Productions for three years. Good Glamm’s beauty brands will be featured in movie and OTT placements. The partnership aims to build long-term brand platforms and promote movies through Good Glamm’s brand assets. Good Glamm is in talks with other production houses and studios for similar deals. The company plans to achieve profitability in the next two quarters and aims for a successful IPO by Diwali 2025…
- Retail India News: PMJ Jewels Elevates Khammam’s Jewellery Scene with New Store 23 Jan 2024, indianretailer.com PMJ Jewels has inaugurated its latest store in Khammam. The inaugural event was graced by Mallu Nandini, wife of Hon’ble Deputy CM, Mallu Bhatti Vikramarka, as the chief guest, and P Neeraja, Mayor, KMC, as the guest of honor…
- Ram Mandir Fervour: Ornaments Inspired by Lord Ram Sweeps the Nation 23 Jan 2024, indianretailer.com Jewelry brands across the country are experiencing a surge in the purchase of gold and silver ornaments inspired by Lord Ram and the Ramayana. From Ram Temple coins to Ramayana-inspired jewelry, the increase in demand is expected to continue for the next few weeks…
- A Consumer Renaissance Beckons in 2024 23 Jan 2024, indianretailer.com As the sun sets on a pandemic-clouded era, the retail and consumer landscape shimmers with the promise of a resplendent resurgence in 2024…
- The Fall of a Retail Giant: Future Retail Heads for Liquidation 23 Jan 2024, retail.economictimes.indiatimes.com Future Retail, once a beacon in India’s retail landscape, stands on the precipice of liquidation. This isn’t just the story of a company’s downfall; it’s a saga of missed opportunities, changing landscapes, and the brutal realities of India’s complex retail ecosystem…
- The Healing Power of Retail Therapy: Insights and Impacts in the Retail Industry 22 Jan 2024, indianretailer.com In our fast-paced world, stress has become a ubiquitous part of everyday life. Amidst the chaos, a unique form of solace has emerged: retail therapy…
- The Revolution of Billing Software in Retail Shops 22 Jan 2024, indianretailer.com In the ever-evolving landscape of retail business, the advent and advancement of billing software have played a pivotal role in transforming operations…
- The Evolution of Shopping Centre Design and Architecture 22 Jan 2024, indianretailer.com The retail landscape has experienced a remarkable metamorphosis, transitioning from simple marketplaces to majestic shopping centres that are now prominent features of urban skylines globally…
- Fortifying Retail Data Security in the Digital Age of 2024 22 Jan 2024, indianretailercom Imagine strolling through a bustling marketplace, not just browsing goods but surrendering a digital treasure chest – your personal information. In the digital age, retail thrives on data, amassing details from purchase histories to browsing habits…
- From Storefronts to Screens: Navigating the Retail Gig Economy in 2024 22 Jan 2024, indianretailer.com The retail landscape is undergoing a tectonic shift, driven by a confluence of technological advancements, evolving consumer preferences, and a post-pandemic world grappling with redefined priorities…
- The Role of Supply Chain in Perfecting the Omnichannel Retail Strategy 22 Jan 2024, indianretailer.com Picture a homeowner eager to spruce up their backyard with new patio furniture. Preferring to shop online, they scroll through options from different home improvement stores on the web and compare products…
- How the Second-Hand Market is Reinventing Retail in 2024 22 Jan 2024, indianretailer.com Forget dusty attics and rummage sales. The second-hand market is undergoing a dramatic makeover, shedding its flea-market skin and strutting into the spotlight as a vibrant, booming force reshaping the retail landscape of 2024…
- How Sustainability Sprouts in Retail 2024 and Beyond 22 Jan 2024, indianretailer.com Imagine a world where shopping isn’t just about acquiring treasures, but about nurturing the planet itself. Where aisles shimmer with eco-friendly products, packaging transforms into vibrant gardens, and every purchase whispers a promise of positive change…
- The Rise of Contactless Payments and Digital Wallets in Retail 2024 22 Jan 2024, indianretailer.com Imagine strolling through a bustling marketplace, laden with baskets brimming with fresh produce and vibrant fabrics. The air buzzes with conversation, and the scent of spices dances in the sunlight…
- How Retail Analytics Transforms Strategy in 2024 22 Jan 2024, indianretailer.com The year 2024 marks a critical inflection point in the retail landscape. The tides of change, fueled by e-commerce expansion, smart device ubiquity, and insatiable consumer demand for hyper-personalized experiences, are surging at an unprecedented rate…
- Business is booming in Ayodhya’s kirana stores 22 Jan 2024, retail.economictimes.indiatimes.com Kirana stores in Ayodhya have stocked up 32% more products compared to last year, anticipating increased demand from the Ram temple inauguration. In contrast, orders placed by mom-and-pop stores with FMCG companies in India remained flat. The inventory of summer products like beverages has increased by 60%, while chocolates, packaged food, and branded commodities have gone up by 23-52%. UP is the largest market for FMCG companies, and Ayodhya has the potential for growth similar to Tirupati. The demand is expected to be driven by tourists and devotees…
- Building beauty & digital capacities HUL’s top priority 22 Jan 2024, retail.economictimes.indiatimes.com ”The beauty care market will grow exponentially and create way more value in the decades to come if its per capita consumption is anywhere near even Southeast Asia, forget China. So the primary motive for doing this is to create the focus and specialisation for different competitive sets. Some of them are indeed digital, but digitalisation is more secural and more pervasive, not just to do with a specific segment of players,” Jawa told investors on an earnings call…
- Reliance Retail Q3 results: JioMart seller base jumps 3X YoY 22 Jan 2024, retail.economictimes.indiatimes.com For the third quarter, Reliance Retail posted a record-high revenue of Rs 83,063 crore, reporting a 22.8 per cent YOY jump. The retail giant’s net profit for the quarter stood at Rs 3,165 crore…
- P&G to recast ops to get more agile, speed up growth 22 Jan 2024, retail.economictimes.indiatimes.com The company may evaluate the possibility of having a more simplified operating structure that integrates portfolios and combines the heft of the supply chain with a leaner cost structure. This was internally announced on Thursday last week…
- Lite Bite Foods’ revenue doubled over the last 2 years, says CEO Ranjith Paliath 22 Jan 2024, retail.economictimes.indiatimes.com The company opened its 18th store of YouMee in Dlf CyberHub this month. On the sidelines of the launch, Paliath shared that Lite Bite Foods plans to double YouMee’s presence in the next 3-5 years…
- Jewellers come up with new collections to commemorate Ram temple consecration 22 Jan 2024, retail.economictimes.indiatimes.com Jewellery retailers in Kolkata are embracing the Ram Temple consecration, unveiling collections like Senco Gold & Diamonds’ ‘SiyaRam’ and Kalyan Jewellers’ ‘Nimah’. Capturing the essence of devotion, these designs commemorate Lord Ram and Sita’s coronation, blending heritage with contemporary flair in anticipation of the Ram Mandir inauguration…
- From gold jewellery to smartphones: Consumer appetite for premium products drives sales resurgence 22 Jan 2024, retail.economictimes.indiatimes.com In electronics, smartphone sales bounced back after five quarters of decline, driven by high sales of premium models such as Apple iPhones and Samsung Galaxy S23 series, and demand for large screens during the cricket world cup helped TV sales volume grow by 8-9% on year – up from 2% growth during January to September – last quarter, industry executives said…
- Ram Mandir: Demand for gold and silver Ram Mandir coins, statues shines 22 Jan 2024, retail.economictimes.indiatimes.com Jewellers in Uttar Pradesh are witnessing strong sales of Ram temple coins, Ram Darbar statues in gold and silver, and other related articles ahead of the consecration ceremony in Ayodhya. Ayodhya-based Rajan Jewellers reported a surge in the sale of gold coins with images of the Ram Mandir, from an average of five to 20-25 daily…
- House of Biryan to open 40 new locations in 18 months, says CEO Mohammed Bhol 22 Jan 2024, retail.economictimes.indiatimes.com House of Biryan plans an ambitious expansion with over 40 new locations in the next 18 months, fueled by a $1 million capital injection from investors like Softbank and Goldman Sachs…
- Bengaluru: Shops, commercial establishments asked to get Kannada signages by February 28 22 Jan 2024, retail.economictimes.indiatimes.com BBMP issues notices to shops, malls, and commercial establishments in Bengaluru to display Kannada language on signboards by February 28; authorities had previously set a deadline for 60% Kannada language on signboards; Chief Minister Siddaramaiah and Union Minister Pralhad Joshi appeal for compliance; protest rally turns violent resulting in vandalism; more than 50 Kannada activists arrested; establishments targeted include Starbucks, Third Wave, Toyota, House of Masaba, Forest Essentials, Theobroma; over 34,262 notices issued so far…
- Electronics exports grow at record 22 per cent in April-December 22 Jan 2024, retail.economictimes.indiatimes.com India’s electronics exports experienced a remarkable growth of 22.24%, surpassing the $20 billion mark in the first nine months of FY24. The surge was driven by the booming smartphone shipments, notably Apple’s iPhone. According to the India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, constituting 52% of total electronics exports…
- India’s smartphone market sees 2% drop in 2023, shipped 148.6 mn units: Report 22 Jan 2024, retail.economictimes.indiatimes.com India’s smartphone market has maintained stability with 148.6 million shipments overall in 2023, witnessing a minor drop of two per cent, a new report has said…
- NCR Realty Market Saw 46% YoY Expansion In Area Sold In FY23 20 Jan 2024, rprealtyplus.com The National Capital Region (NCR) real estate market saw a significant 46% YoY expansion in area sold in FY2023, with total launches nearly doubling to 64 million square feet, says Rating Agency ICRA…
- Anant Raj raises Rs 500 crore via QIP 20 Jan 2024, realty.economictimes.indiatimes.com Company will use part of the funds raised to bring down the debt and for working capital requirements, according to a source…
- Reliance Retail Q3 profit up 31.8% to Rs 3,165 cr; gross revenue at Rs 83,063 cr 20 Jan 2024, retail.economictimes.indiatimes.com The revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24. Gross revenue was up 22.83 per cent to Rs 83,063 crore. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore…
- HUL net profit rises 1.08% to Rs 2,508 cr in Q3 FY24; sales down 0.35% to Rs 15,259 cr 20 Jan 2024, retail.economictimes.indiatimes.com On the Q3 FY24 results Rohit Jawa, CEO and managing director commented, “HUL has delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment. Our focus on providing the right consumer value, excellence in execution, increased investments behind brands and capabilities, premiumisation and market development continues to serve us well. Looking forward we expect gradual recovery in market demand to continue aided by increased Government spending, recovery in winter crop sowing and better crop realization.”…
- Tata Consumer to raise Rs 6,500 crore to fund twin acquisitions 20 Jan 2024, retail.economictimes.indiatimes.com Following a board meeting, the company announced that it will raise funds through the issuance and allotment of commercial papers for an amount not exceeding Rs 3,500 crore, to be utilized for bridge funding to facilitate the payment of consideration for proposed acquisition of stakes in Capital Foods Private and Organic India…
- PepsiCo announces Jagrut Kotecha as new India chief 20 Jan 2024, retail.economictimes.indiatimes.com Jagrut Kotecha is appointed as the new India chief of PepsiCo India. Ahmed El Sheikh will move on from his role as CEO for the Middle East Business Unit. PepsiCo’s snacks business, which includes Lays and Doritos, declined in the quarter to September 2023. Kotecha, with extensive experience in snacks, is chosen to bolster PepsiCo India’s snacks business. Kotecha previously worked at Cadbury India…
- MamyPoko outpaces Pampers to become India’s top-selling diaper brand in FY23 20 Jan 2024, retail.economictimes.indiatimes.com Revenue of the Indian unit of Unicharm Corporation rose to Rs 3,612 crore in FY23, with the diaper segment accounting for 84%, or Rs 3,022 crore, according to its filing with the Registrar of Companies (RoC). In comparison, P&G’s diaper business clocked ?2,422 crore, or about 29% of its total business…
- Going forward, Asian Paints may need to revise margin guidance in Q4 and Q1: Amit Syngle 20 Jan 2024, retail.economictimes.indiatimes.com Amit Syngle, MD & CEO of Asian Paints, discusses the softening of prices and the volatility in crude oil. He mentions that the company’s PBT-AT margin guidance of 18-20% is a good target going forward, but it may need to be revised in Q4 and Q1. He also addresses concerns about increased competition and market share changes, stating that new entrants in the industry are unlikely to make a significant impact…
- Ecommerce clicks dip in December, triggering growth concerns 20 Jan 2024, retail.economictimes.indiatimes.com Across categories—from electronics and accessories to fashion and household items–there was a slowdown in December, a top industry executive said, adding the dip was steeper than usual after a festive month. The ongoing Republic Day sales, however, have brought some respite to online shopping platforms, with a spike in consumption demand as per early trends…
- Senco becomes first Indian jewellery brand to join ONDC Network 20 Jan 2024, retail.economictimes.indiatimes.com Kolkata-based jewellery brand, Senco Gold & Diamonds, made a significant announcement on Friday. They proudly revealed that they have become the first Indian jewellery brand to join the Open Network for Digital Commerce (ONDC) Network. This integration marks a crucial step for Senco Gold and Diamonds, as it will now make their extensive catalogue accessible on multiple shopping apps within the growing ONDC Network…
- Michael Burke named LVMH Fashion Group chairman and CEO 20 Jan 2024, retail.economictimes.indiatimes.com Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault and will exit the company’s executive committee. Burke, 66, was CEO of LVMH’s biggest label Louis Vuitton until a year ago, headed labels Fendi and Bulgari and served as chairman of the board of Tiffany, LVMH’s largest acquisition…
- Birkenstock Q4 Results: Company beats revenue expectations on strong demand 20 Jan 2024, retail.economictimes.indiatimes.com Birkenstock beat analysts’ expectations for fourth-quarter sales and forecast annual revenue above estimates on Thursday, in the German luxury sandal maker’s first results since going public, betting on higher pricing and strong demand…
- Cycle of local players entering market almost over, says HUL’s Rohit Jawa 20 Jan 2024, moneycontrol.com The cycle of local players returning to the market is over by and large, said Rohit Jawa, chief executive officer of Hindustan Unilever (HUL) on January 19…
- IMAX posts record India box-office earnings in 2023 20 Jan 2024, retail.economictimes.indiatimes.com IMAX Corporation, headquartered in Canada, achieved its highest box-office earnings in India in 2023, generating $23.1 million from both Hollywood and Indian films. This success was attributed to an increase in admissions and ticket pricing. The box-office collections for Indian titles amounted to $6.46 million, and IMAX helped Indian films collect $15.74 million in global box-office receipts…
- Indian dairy firm Hatsun Agro’s Q3 profit rises 24%, slowest in three quarters 20 Jan 2024, retail.economictimes.indiatimes.com HATSUN-AGRO-Indian dairy firm Hatsun Agro’s Q3 profit rises 24%, slowest in three quarters..
- How Mukesh Ambani & Family are navigating change at India’s biggest firm 20 Jan 2024, retail.economictimes.indiatimes.com The past year has marked RIL’s foray into finance and its plan to dominate the media and entertainment as it heads towards merging its media business with Walt Disney. It is already India’s largest retail and digital player. As India is on track to become the world’s third-largest economy, RIL Chairman Mukesh Ambani believes his company too can rise globally to be among the top 10 global conglomerates. This rise will come from the transformation of the company through digital, retail and green energy businesses…
- Deal values in India plunge to $66 billion in 2023, investors cautious, reports Grant Thornton 20 Jan 2024, livemint.com There was a significant drop in deal values in India for the year 2023, reaching $66 billion, marking a decrease of over 50 percent, a recent report from consultancy firm Grant Thornton Bharat found…
- WoodenStreet Expands Retail Footprint with 7th Store in Hyderabad 20 Jan 2024, indianretailer.com In a strategic move to cater to the escalating demand for quality furniture, WoodenStreet, a prominent player in the furniture industry celebrated for its inventive designs, proudly unveils its 7th store in Hyderabad…
- Expanding Horizons: Merchandising, a Way to Revive Esports Retail Market in India 20 Jan 2024, indianretailer.com During and after the COVID era, it was considered a golden period for the Indian gaming industry. However, one must not overlook how the growth of the Indian esports industry struggled to grow, causing financial challenges for esports team owners in the country…
- How the Second-Hand Market is Reinventing Retail in 2024 20 Jan 2024, indianretailer.com Forget dusty attics and rummage sales. The second-hand market is undergoing a dramatic makeover, shedding its flea-market skin and strutting into the spotlight as a vibrant, booming force reshaping the retail landscape of 2024…
- How Blockchain Builds Trust in the Retail Maze of 2024 20 Jan 2024, indianretailer.com Imagine navigating a bustling marketplace, not just sifting through products, but peering into their provenance, witnessing their journey from field to shelf with unflinching clarity…
- How Sustainability Sprouts in Retail 2024 and Beyond 20 Jan 2024, indianretailer.com Imagine a world where shopping isn’t just about acquiring treasures, but about nurturing the planet itself. Where aisles shimmer with eco-friendly products, packaging transforms into vibrant gardens, and every purchase whispers a promise of positive change…
- The Rise of Contactless Payments and Digital Wallets in Retail 2024 20 Jan 2024, indianretailer.com Imagine strolling through a bustling marketplace, laden with baskets brimming with fresh produce and vibrant fabrics. The air buzzes with conversation, and the scent of spices dances in the sunlight…
- How Retail Analytics Transforms Strategy in 2024 20 Jan 2024, indianretailer.com The year 2024 marks a critical inflection point in the retail landscape. The tides of change, fueled by e-commerce expansion, smart device ubiquity, and insatiable consumer demand for hyper-personalized experiences, are surging at an unprecedented rate…
- How Avishek Bambi Das Guided Mumbai Duty Free to Whopping Double-Digit Growth! 20 Jan 2024, indianretailer.com In a world where the duty-free retail market is skyrocketing at a dizzying CAGR of 20.47 percent, Mumbai Duty Free emerges as the undisputed rockstar, riding the waves of India’s travel retail market that is set to hit $1.3 billion in revenue this year!…
- Shah Rukh Khan Partners with Tide in a Stain-Removal Saga 20 Jan 2024, indianretailer.com In a strategic move that blends Bollywood glamour with laundry excellence, Tide has unveiled its latest innovation: the NEW and IMPROVED Tide with boosted magnets, designed to conquer deep-seated stains like tea, coffee, oils, and gravy…
- Senco Gold and Diamonds Honors Spiritual Heritage with SiyaRam Collection 20 Jan 2024, indianretailer.com Senco Gold and Diamonds has introduced the special ‘SiyaRam Collection.’ This collection emerges as an artistic tribute coinciding with the inauguration of the Ram Mandir in Ayodhya on January 22. ..
- The Ethical Shopping Revolution and How Retailers are Adapting in 2024 20 Jan 2024, indianretailer.com Gone are the days of mindless consumption solely driven by price tags and fleeting trends. Today’s shopper is more informed, more empowered, and more ethically conscious than ever before…
- Charting the Trajectory: India’s E-Retail Market Poised to Soar Beyond $160 Billion by 2028 20 Jan 2024, indianretailer.com India’s e-retail market is estimated to scale to $57–$60 billion in 2023, adding $8–$12 billion annually since 2020. The market is estimated to grow by 17–20 percent from 2022 to 2023, which is slower than the 25–30 percent historic growth rate…
- Embracing the Edge: Key AI and ML Trends Reshaping 2024 20 Jan 2024, retail.economictimes.indiatimes.com The dawn of 2024 has brought with it an unparalleled evolution in the realms of Artificial Intelligence (AI) and Machine Learning (ML). These technologies, once nascent and experimental, have now firmly entrenched themselves as pivotal cornerstones in the tapestry of modern innovation…
- Land Acquisition Spree In 2023 With 97 Land Deals For 2707+ Acres 19 Jan 2024, rprealtyplus.com The land acquisition spree of financially strong developers and entities continues, and 2023 was a stand-out year with several land deals closed…
- Shoppers Stop’s net profit declines 41.2% to Rs 36.85 crore in Q3 FY24 19 Jan 2024, retail.economictimes.indiatimes.com Shoppers Stop’s total income increased 6.8 per cent year-on-year to Rs 1,240.88 crore in Q3 FY24 as compared to Rs 1,161.44 crore in the corresponding quarter of the last year, according to a regulatory filing…
- Metro Brands’ net profit declines 12.6% to Rs 98.78 crore in Q3 FY24 19 Jan 2024, retail.economictimes.indiatimes.com Metro Brands’ revenue from operations increased 6.14 per cent to Rs 635.50 crore during the quarter (Q3 FY24) under review against Rs 598.71 crore in the year-ago period. MBL’s total expenses rose 11.77 per cent to Rs 515.53 crore in the December quarter…
- ETRetailGIRS : What’s Next for Mall | V Muhammad Ali, CEO, Forum Malls, Prestige Group 19 Jan 2024, retail.economictimes.indiatimes.com V Muhammad Ali, CEO of Forum Malls, Prestige Group on the how food and FEC have become the crowd-puller for the malls…
- Bharat brand of products: Franchise route for govt retail stores on the cards 19 Jan 2024, retail.economictimes.indiatimes.com Last month the government opened its first two stores at Delhi’s Rajiv Chowk metro station, to tap into the high footfall it receives. These are owned by the National Cooperative Consumers’ Federation of India (NCCF), which procures agricultural commodities like food grains, pulses, spices, oil seeds, onions and other consumer goods on behalf of the government and sells to consumers at reasonable rates…
- With AI, smartphone will become even smarter: JB Park, president and CEO, Samsung Southwest Asia 19 Jan 2024, retail.economictimes.indiatimes.com India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-₹15,000 users will now migrate up to ₹25,000, then ₹40,000 price point, says JB Park. ..
- Gem and jewellery exports face downturn: FY24 witnesses 20.78% YoY drop amid global economic challenges 19 Jan 2024, retail.economictimes.indiatimes.com Gem and jewellery exports in FY24’s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to global economic challenges and geopolitical factors. The import of gems and jewellery also saw a 22.43% YoY decrease. Notably, rough diamonds imports fell by 23.51%, while cut and polished diamond exports declined by 28.27%. Lab-grown diamonds, previously on the rise, experienced a 22.97% dip in gross exports. Despite the current setback, industry experts, including Colin Shah of Kama Jewelry, anticipate a gradual recovery from the 3rd quarter of FY25…
- Deepika Padukone’s 82°E to focus on category, channel expansion 19 Jan 2024, retail.economictimes.indiatimes.com Sharing the company’s plan of action for 2024, Shah said, “We are seeing growth in 2024 happening across 3 areas – adding more products, channel expansion, both online and offline, and geography expansion, globally.”.
- Bharat-focused e-commerce platform BuyEazzy raises $4.25 million in Series A funding 19 Jan 2024, retail.economictimes.indiatimes.com BuyEazzy said the funds raised will be utilized to expand its presence to over 40 cities over the next 15 months, onboarding more than two million offline users, and continuing to disrupt the traditional supply chain in Bharat. “We will focus on southern states in the near future and eventually move to other parts of the country,” the company shared…
- IndiaMART InterMESH net profit drops 27.4% to Rs 81.82 crore in Q3 FY24 19 Jan 2024, retail.economictimes.indiatimes.com IndiaMART’s total income declined to Rs 346.88 crore in Q3 FY24 as compared to the total income of Rs 353.63 crore in Q3 FY23. Collections from customers grew to Rs 332 crore for the quarter and Deferred Revenue as of December 31, 2023 increased to Rs 1,270 Crore representing a YoY growth of 25%, as per the BSE filing…
- Jewellers join the temple run, with Mandir souvenirs 19 Jan 2024, retail.economictimes.indiatimes.com From gold and silver coins depicting the Ram Darbar to Ramayana-inspired jewellery and miniatures of the new temple complex in Ayodhya, several large brands are in the process of launching their spiritual collections over the next few weeks. Kalyan Jewellers, one of the largest gold retailers in the country, will be opening a store in Ayodhya early in February. This showroom will have silver and gold coins from 4 – 30 grams on which Lord Rama will be the main deity…
- Lee Cooper to end FY24 with net sales of over ₹600 crore in India 19 Jan 2024, thehindubusinessline.com Lee Cooper India expects to end FY24 with net sales of over ₹600 crore on the back of high double-digit growth even as the apparel industry has been facing sluggish demand in recent times…
- Sunny summer sales forecast, hopes of heavy poll-time spending drive consumer companies to go big on production 19 Jan 2024, retail.economictimes.indiatimes.com Private weather forecaster Skymet has predicted a normal monsoon this year with the ongoing El Nino, which dragged monsoon rains in 2023 to below-normal levels, expected to get softened. Also, the monsoon-supporting La Nina, triggered by the cooling of the Pacific Ocean, is likely to evolve during the latter half of the season, it said…
- Daikin targets a turnover of Rs 100 crore from Northeast India in next fiscal year 19 Jan 2024, retail.economictimes.indiatimes.com The company has come with a new office in Guwahati. Kuldeepak Virmani, Senior Vice President & Executive Director, Daikin India who was in Guwahati on Thursday said, “We are doing turnover of Rs 50 Crore this year and we have target of making it to Rs 100 Crore in Northeast India. We see Northeast India as a potential market for Daikin, so we will continue to invest in developing the market with a view to secure market share”…
- India smartphone market remains stable in 2023 as shipments fall 2% to 148.6 mn units: Canalys 19 Jan 2024, retail.economictimes.indiatimes.com Samsung was the market leader in Q4 2023 with 7.6 million units shipped for a 20% share, whereas for the full year, it clocked shipments of 28.4 million units and a 19% share…
- Polycab India Q3 consolidated PAT rises 15% YoY to Rs 413 crore; revenue up 17% 19 Jan 2024, retail.economictimes.indiatimes.com Polycab India Q3 Results: Polycab India reported a double-digit growth in profit and revenue for Q3. Consolidated net profit rose 15.4% YoY to Rs 413 crore, while revenue from operations grew nearly 17% YoY to Rs 4,340 crore. EBITDA increased by 13% to Rs 569.20 crore. However, the operating margin shrunk by 44 basis points to 13.12%. Shares of Polycab India were trading 0.5% down at Rs 4,417…
- The Sleep Company appoints Gaurav Shah as CFO 19 Jan 2024, retail.economictimes.indiatimes.com Commenting on the appointment, Priyanka Salot, co-founder, The Sleep Company said, “Gaurav’s appointment aligns with our vision for strategic and operational foresight. His financial leadership will play a crucial role in realizing our goals.”..
- India’s Thriving Recommerce Revolution 19 Jan 2024, indianretailer.com India’s retail scene is experiencing a metamorphosis. While the allure of brand-new merchandise persists, a burgeoning trend is challenging the status quo: recommerce…
- India’s Retail Revolution: Tier II Cities Emerge as New Frontiers for Major Retail Brands 19 Jan 2024, indianretailer.com The heartbeat of India’s retail sector is changing, and the rhythm resonates in the Tier II cities. This isn’t just a trend; it’s a dynamic shift, a retail revolution that speaks volumes about the evolving consumer landscape and the foresight of major retail players…
- Ayodhya Temple Run: Puja Samagri Takes a Big Bite Out of the Kirana Stores’ Pie 19 Jan 2024, indianretailer.com The sacred land of Ayodhya, known for its deep-rooted cultural and religious significance, is on the brink of witnessing a historic event—the inauguration of the Ram Temple on January 22, 2024…
- JBL’s PartyBox Ultimate Debuts, Sets New Standard in Audio Space 19 Jan 2024, indianretailer.com Setting the stage for a larger-than-life auditory spectacle, JBL unleashes its latest marvel, the JBL PartyBox Ultimate, promising a more significant, superior, and bolder sonic experience…
- From King of the Court to Lost in the Crowd: How Reebok Slipped Behind Adidas and Nike 19 Jan 2024, indianretailer.com Reebok. The name once conjured images of iconic sneakers like the Freestyle and Pump, dominating the athletic scene and carving a niche in fashion…
- The Art of Allure: Attracting Affluent Shoppers in a Crowded Marketplace 19 Jan 2024, indianretailer.com In the world of retail, the siren song of affluent shoppers rings loud and clear. Their discerning tastes, disposable income, and brand loyalty hold the promise of significant revenue and prestige…
- From Dorm Room Brainstorm to Unicorn Status: The Electrifying Journey of Zepto 19 Jan 2024, indianretailer.com Zepto The name itself evokes a sense of speed, a blur of movement – and that’s precisely what this Indian quick commerce startup has redefined. In just two years, Zepto has gone from a twinkle in two young minds’ eyes to a billion-dollar behemoth, rewriting the grocery delivery game with its promise of 10-minute lightning deliveries…
- Pride of Cows’ Premium Ghee Elevates Ayodhya Ram Mandir Consecration 19 Jan 2024, indianretailer.com In a cultural tapestry that weaves together tradition and modernity, Pride of Cows, the Single Origin Milk brand of Parag Milk Foods, has made a significant donation of premium ghee to The Tirumala Tirupati Devasthanams (TTD)…
- The Rise of Retail Giants: Upcoming Biggest Malls in India 19 Jan 2024, indianretailer.com India’s retail landscape is witnessing a monumental shift, with colossal shopping malls emerging across the country. These behemoths aren’t just about retail therapy; they’re redefining the urban experience, integrating leisure, entertainment, and community spaces into their architectural tapestry…
- RAK Ceramics’ Pivotal Role in Ayodhya’s Ram Mandir Architectural Triumph 19 Jan 2024, indianretailer.com In the realm of prestigious projects across India, RAK Ceramics has etched a storied history, leaving its mark on iconic landmarks such as the Kashi Vishwanath temple complex, the UP PWD project, and major airports in Lucknow, Chennai, Bangalore, and Delhi…
- Navigating the Retail Jungle: Unveiling the Differences Between Supermarkets and Department Stores 19 Jan 2024, indianretailer.com In the bustling world of retail, two behemoths reign supreme: supermarkets and department stores. Both offering a plethora of products under one roof, they can, at first glance, appear interchangeable…
- Carat Crush’s ‘Daily Diamonds’ as Timeless Style Statements 19 Jan 2024, indianretailer.com In a world inundated with transient trends, Carat Crush emerges as a beacon of enduring style, where each piece seamlessly integrates into daily life, transforming from a mere accessory to a statement of refined taste…
- Miraggio Plans Flagship Stores & Airport Presence in Strategic Offline Expansion 19 Jan 2024, indianretailer.com Miraggio, a handbag brand, was founded with a clear mission – to provide modern, aspirational fashion to the youth at an affordable price. At the heart of the brand’s strategy is a customer-centric approach, constantly adapting to changing trends and prioritizing quality…
- Brand bazaar lights up road to Ayodhya 18 Jan 2024, retail.economictimes.indiatimes.com Companies like Coca-Cola, Reliance, ITC, and Emami are rushing to get maximum visibility for their products in Ayodhya, ahead of the Ram temple consecration on January 22. They are setting up coolers, signboards, vending machines, and branded gates in shops, dhabas, and parks. Coca-Cola has even changed its branding colors to match the temple theme. Dabur is tying up with dhabas to create activity zones and experience centers for pilgrims to sample their products…
- Cold wave heats up sales of winter products but it won’t be enough to push overall winter sales 18 Jan 2024, retail.economictimes.indiatimes.com Consumer goods companies report increased sales of winter products like moisturizer, lotion, honey, woolen apparel, geyser, and room heaters due to the recent cold wave. However, the late onset of the season and warm December have affected overall winter sales, which were previously down by 5-10% in December. ..
- Stanley Lifestyles eyes expansion in major metro cities with offline store model; targets Rs 550 crore revenue in FY25 18 Jan 2024, retail.economictimes.indiatimes.com ”We cater to the premium-luxury segment, our products are priced on the higher side which is why we would like to stick to selling offline as it suits better to the customer. They also always like to come to the store to have a look and feel of the product before purchasing,” Stanley Lifestyles’ MD said…
- Reliance Retail brings international skincare brand Allies of Skin to India 18 Jan 2024, retail.economictimes.indiatimes.com Nicolas Travis, founder of Allies Group, which owns the brand Allies of Skin, stated that India’s expanding spending power and vast market potential present the business with numerous opportunities. Initially, the brand will concentrate on tier one cities, and once established, it will consider tier two and three locations. “We have a bullish outlook on India,” Travis continued…
- Speciality Restaurants reports 7.8% decline in net profit to Rs 14.17 crore in Q3 FY24 18 Jan 2024, retail.economictimes.indiatimes.com However, Speciality Restaurants’ total income increased to Rs 122.61 crore in Q3 FY24 as against the total income of Rs 105.57 in Q3 FY23. As per the BSE filing, its total expenses also rose to Rs 107.04 crore in Q3 FY24 as compared to Rs 90.89 crore in the same quarter last fiscal...
- Asian Paints tops Q3 profit view on strong decorative business 18 Jan 2024, retail.economictimes.indiatimes.com Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing, surpassing analysts’ expectations of 14.04 billion rupees on an average, as per LSEG data…
- Retailers in a fix as discounts fail to draw buyers 18 Jan 2024, retail.economictimes.indiatimes.com ”There is definitely a stress in the mass value segment and everyone was expecting EOSS to provide much needed momentum to the sale. But the growth is tepid and we are hoping the summer will be better,” said Manish Kapoor, managing director of Pepe Jeans…
- Demand for silver idols & coins of Ram surges 18 Jan 2024, retail.economictimes.indiatimes.com “The demand has shot up in the city jewellery market to the extent that we have booked orders from Delhi, Mumbai, Kolkata, Meerut, Kanpur and Chennai. We have already sold items worth over Rs 5 crore,” said Dinesh Singh, president of Allahabad Jewellers Association…
- Uber cuts off Drizly, the alcohol delivery app it bought for $1.1 billion three years ago 18 Jan 2024, retail.economictimes.indiatimes.com In a prepared statement, Uber’s senior vice president of delivery Pierre Dimitri Gore-Coty said that the company decided to close Drizly’s business and “focus on our core Uber Eats strategy of helping consumers get almost anything – from food to groceries to alcohol – all on a single app.”..
- Ellementry sets sights on 80 stores in 3 yrs, bets on mfg to retail model 18 Jan 2024, retail.economictimes.indiatimes.com While Ellementry is present in most leading e-commerce platforms like Amazon, Myntra, Nykaa, Tata Cliq among others and shop-in-shop stores, it wants to leverage the power and pull of physical stores to entrench itself against established brands like Fabindia, Home Centre, Good Earth, etc…
- Sunday Design Celebrates Fusion of Italian and Indian Elegance at Bengaluru Flagship Store Launch 18 Jan 2024, indianretailer.com Sunday Design, the global furniture and home décor brand, celebrated the convergence of Italian and Indian design and craftsmanship in its newly launched flagship store in Bengaluru…
- Indian Consumers Move Towards Healthier Alternatives 18 Jan 2024, indianretailer.com As India grapples with the alarming rise in lifestyle-induced health issues, the significance of adopting healthier dietary choices is becoming increasingly apparent…
- Mamaearth Hits Century Mark with Latest Mumbai Store Launch! 18 Jan 2024, indianretailer.com In a glamorous affair at Mumbai’s lively R-City Mall, Mamaearth, the trailblazing brand under Honasa Consumer Limited, celebrated a milestone moment – the inauguration of its 100th Exclusive Brand Outlet (EBO)…
- From Red Carpet to Your Cart: Rocky Star’s Seamless E-commerce Evolution 18 Jan 2024, indianretailer.com It is an enchanting realm, where fabrics weave dreams and style reigns supreme. In this fascinating world, one name stands out as the maestro who has orchestrated a symphony of glamour – Rocky Star…
- The Essence of Sophistication: Top Perfume Brands in India for Men 18 Jan 2024, indianretailer.com In the contemporary world, perfumes are not just about scent; they are a statement of personality, style, and sophistication, particularly for men. India, with its rich heritage and rapidly evolving fashion sensibilities, has become..
- Shoppers Stop: Pioneering Retail Excellence in India 18 Jan 2024, indianretailer.com Shoppers Stop, a household name in Indian retail, stands as a pioneer in modernizing India’s retail landscape. Established in 1991, this company has redefined shopping experiences, bringing a plethora of brands under one roof…
- Top 10 Water Parks in India 18 Jan 2024, indianretailer.com The Indian summer sun blazes with an intensity that demands a refreshing antidote. What better way to escape the scorching heat than by plunging into a vibrant aquatic playground? Water parks across the country beckon with thrilling slides, lazy rivers, and wave pools, promising laughter, excitement, and memories that will last a lifetime…
- OmaxeThe Gap in India: Bridging a Changing Fashion Landscape 18 Jan 2024, indianretailer.com The iconic blue box and casual cool apparel of Gap have long held a special place in the hearts of many around the world, including India. From its initial boom in the early 2000s to its recent comeback, Gap’s journey in India has been one of adaption, resilience, and a constant yearning to bridge the gap between its global identity and the evolving fashion landscape of the country…
- Davaindia to Expand Nationally in Response to India’s $40.19 Bn Retail Pharmacy Surge 18 Jan 2024, indianretailer.com In a strategic move to capitalize on the projected $40.19 billion national retail market of India by 2030, growing at a robust 9.9 percent CAGR from 2022…
- Omaxe Group Timely Closure of Rs. 440 Cr Loan From Varde Partners 17 Jan 2024, rprealtyplus.com Omaxe Group, India’s leading real estate development Group, announces the successful closure of the loan facility obtained by Omaxe Heritage Pvt. Ltd. from Varde Partners, much before its scheduled closure…
- Urban Square Mall Brings Largest Bowling Alley To Udaipur 17 Jan 2024, rprealtyplus.com Urban Square Mall, the premium shopping and entertainment destination in Udaipur, welcomed another global brand, LED Game Zone, with the ‘Hey Dark’ -themed bowling alley…
- Nearly 35 Major Retail Brands Entered 14 Tier-II Cities In Jan-Sep’23 17 Jan 2024, rprealtyplus.com CBRE South Asia Pvt. Ltd, India’s report highlights that nearly 35 major domestic and international retail brands entered 14 tier-II cities in the Jan-Sep’23 period…
- ACE Group Introduces ACE 153 Commercial Development In Noida 17 Jan 2024, rprealtyplus.com ACE 153 by Realty major ACE Group, encompasses avant-garde office spaces, high-street retail, a dedicated F&B pavilion, and lifestyle amenities spread over 88,000 sq. m. at Sector-153…
- Nykaa’s lingerie brand Nykd hits Rs 100 cr revenue milestone 17 Jan 2024, retail.economictimes.indiatimes.com For its fashion arm, Nykaa includes 16 owned brands such as Twenty Dresses, Pipa Bella, RSVP, Nykd, Azai and more. Amongst these, Nykd, which positions itself in the mass-premium category, contributes the highest to the fashion business, Gupta stated…
- Deals in consumer, retail fell by a third in 2023, transaction value down 9% – Grant Thornton Bharat 17 Jan 2024, retail.economictimes.indiatimes.com The number of deals through mergers and acquisitions and private equity funding in the consumer sector dropped to 331 last calendar year from 514 a year earlier while the drop in value was 9% lower at $8.6billion against $9.3 billion largely led by ecommerce sector even as textiles, durables and retail sector saw higher deal count, said the report shared exclusively with ET. ..
- Mufti operator Credo Brands Marketing’s Q2 net profit rises 7.5% to Rs 27.9 crore 17 Jan 2024, retail.economictimes.indiatimes.com Kamal Khushlani, chairman and MD, Credo Brands Marketing Limited said, “Over the recent months, the retail sector experienced a slowdown owing to subdued consumer demand…
- Tata CLiQ Luxury forays into pre-owned category 17 Jan 2024, retail.economictimes.indiatimes.com Leading“We are elated to launch a new category with the ReLoved Store, a one-stop destination for vintage and pre-owned luxury products. It heralds a transformative shift in the dynamics of luxury consumption, fuelled predominantly by the conscientious choices of today’s discerning consumers,” said Gopal Asthana, CEO, Tata CLiQ Luxury…
- Titan Q3 Update: Company sees 22% revenue growth on strong all-round show 17 Jan 2024, retail.economictimes.indiatimes.com Titan added a total of 90 stores during the quarter, taking the group’s total presence to 2,949 stores. At the end of the September quarter, Titan had 2,859 stores…
- After Nepal and Bhutan, Pepperfry to Enter Middle East 17 Jan 2024, indianretailer.com In the recent past, there has been significant growth in real estate businesses in Dubai, with a strong focus on targeting Indians as consumers. Pepperfry is preparing to enter the Middle Eastern markets after establishing its presence in neighboring countries such as Nepal and Bhutan…
- ColliersThe Unstoppable Rise of D2C Brands on National Start-Up Day 17 Jan 2024, retail.economictimes.indiatimes.com National Startup Day is a celebration of innovation, entrepreneurship, and the remarkable growth of startups in India. Among the dynamic players shaping this landscape are Direct-to-Consumer (D2C) brands, revolutionizing the retail industry…
- Indian Retail’s Wishlist for Budget 2024, Anticipating 900 Million Users and a 20 pc Boost 17 Jan 2024, indianretailer.com The consumer industry in India stands at the threshold of a monumental transformation, poised to become the world’s third-largest by 2027. With a retail market projected to reach a staggering $1.41 trillion by 2026 and the…
- Gokyo Launches Women’s Trekking & Outdoor Apparel Crafted for Indian Women 17 Jan 2024, indianretailer.com In a significant stride towards inclusivity and catering to the diverse needs of outdoor enthusiasts, Gokyo Outdoor Clothing and Gear has launched an exclusive women’s trekking pants and apparel collection tailored for the Indian women’s fit and the intrepid Indian women trekker and explorer…
- Tata CLiQ Luxury Launches the ReLoved Store for Authentic Pre-Owned Products 17 Jan 2024, indianretailer.com Tata CLiQ Luxury, India’s premier luxury lifestyle platform, forays into the pre-owned category with the launch of the ReLoved Store by bringing onboard its first partner, Jay’s Watch Store…
- Circular Economy Vision: Coca-Cola and Reliance Retail Pilot PET Recycling in 36 Stores 17 Jan 2024, indianretailer.com Coca-Cola India and Reliance Retail, India’s largest retailer, have jointly unveiled a sustainability initiative named “Bhool Na Jana, Plastic Bottle Lautana.”…
- Miniklub Expands Retail Footprint, Present Across 28 cities with over 65 Exclusive Brand Stores 17 Jan 2024, indianretailer.com MiniKlub, India’s leading children’s clothing brand, joyfully announces the grand inauguration of its newest store in Mathura. This latest addition to the MiniKlub family reflects the brand’s dedication to delivering quality, style, and..
- Rannvijay Singh Achieves 10x Return on Burger Singh Investment Exit 17 Jan 2024, indianretailer.com In a noteworthy financial triumph, renowned Indian television personality and astute investor Rannvijay Singh has recently realized a substantial 10x return on his partial divestment from the popular burger chain, Burger Singh. This strategic exit stands as a prominent success within Singh’s diverse investment portfolio, which spans various sectors, including food and beverage…
- ITC director David Robert Simpson resigns 17 Jan 2024, retail.economictimes.indiatimes.com David Robert Simpson was on the ITC board as a representative of Tobacco Manufacturers (India) Ltd, a subsidiary of British American Tobacco plc…
- Mother Dairy launches buffalo milk in Delhi-NCR at Rs 70/litre 17 Jan 2024, retail.economictimes.indiatimes.com In an interview with PTI on Tuesday, Mother Dairy Managing Director Manish Bandlish said, “We are launching buffalo milk at Rs 70 per litre. We are introducing this variant in Delhi-NCR.”..
- Cold wave drives winter products sales in north and east 17 Jan 2024, retail.economictimes.indiatimes.com Till about this cold wave, sales of winter products were muted and had degrown by 5-10% year-on-year in December. Even if the current surge may not wipe out the entire losses, industry executives expect some winter categories may eventually post flat sales…
- Tata CLiQ Luxury forays into pre-owned category 17 Jan 2024, retail.economictimes.indiatimes.com “We are elated to launch a new category with the ReLoved Store, a one-stop destination for vintage and pre-owned luxury products. It heralds a transformative shift in the dynamics of luxury consumption, fuelled predominantly by the conscientious choices of today’s discerning consumers,” said Gopal Asthana, CEO, Tata CLiQ Luxury…
- Apple snatches top slot in global smartphone market from Samsung in 2023 17 Jan 2024, retail.economictimes.indiatimes.com Apple became the leader of the global smartphone industry in 2023 for the first time, driven by an all-time high, 20.1 per cent market share for the company, a new report said on Tuesday…
- Smart wearable brand Fire-Boltt partners with Swiggy Instamart 17 Jan 2024, retail.economictimes.indiatimes.com Fire-Boltt smartwatches products such as Quantum, Jewel, Rise, Solaris and others will be available to the customers under ‘Office and Electricals’ category on Swiggy Instamart…
- Ikea plans 20% price cut in India 17 Jan 2024, financialexpress.com Home furnishing brand Ikea is planning to bring down prices in India for its products, Juvencio Maeztu, deputy CEO and CFO, Ingka Group, said on Tuesday…
- Leela Ambience Gurugram Welcomes Italian Culinary Maestro Carmine De 17 Jan 2024, restaurant.indianretailer.com The Leela Ambience Gurugram Hotel & Residences has apponited Master Chef Carmine De Filippo from Italy…
- GOPIZZA Makes Entry into Tamil Nadu 17 Jan 2024, restaurant.indianretailer.com The brand aims to establish outlets in Pune, Delhi, Mumbai, Ahmedabad, Kolkata, and other significant Tier 2 cities, including Chandigarh, Jodhpur, Jaipur, and Kochi, in the coming years…
- Conrad Pune Appointed Ramandeep Singh Kapur as Director of Operations 17 Jan 2024, restaurant.indianretailer.com In this position, he showcased his proficiency in managing operations within a dynamic international airport setting, ensuring the delivery of exceptional services…
- Wow! Momo Foods Secures Rs 350 Crore Funding Boost from Khazanah 17 Jan 2024, restaurant.indianretailer.com They are expected to allocate an estimated capital expenditure of Rs 5,800 crore, leveraging the growing affordability and heightened consumer demand for fast foods…
- Silvostyle by PNG Jewellers Signs Rasha Thadani as the New Face of the Brand 17 Jan 2024, indianretailer.com Silvostyle by PNG has signed Rasha Thadani as the new face for its upcoming campaigns. The grand reveal of the latest campaign for the brand marks a significant moment in the brand’s journey, elevating its image to new heights of success. Incidentally, the brand is the very first in India to sign Rasha…
- Birdhichand Ghanshyamdas Unveils Exquisite Festive Jewelry Collection 17 Jan 2024, indianretailer.com Birdhichand Ghanshyamdas Jewellers, a renowned name synonymous with opulence and timeless craftsmanship, proudly unveils their latest jewelry collection…
- Singapore Sneaker Retailer Limited Edt Opens First Overseas Store in India 17 Jan 2024, rli.uk.com Singapore’s Limited Edt has opened its first-ever store in India, serving as the sneaker retailer’s debut overseas post…
- Colliers India Appoints Ravi Shankar As MD, Residential Transaction Services 16 Jan 2024, rprealtyplus.com Leading diversified real estate professional services firm, Colliers India, ventures into the residential business…
- Ashwin Sheth Group Partners With Highbar Technocrat 16 Jan 2024, rprealtyplus.com 37 years of legacy in the business, Ashwin Sheth Group (ASG), a renowned brand name in the Indian real estate sector, is thrilled to announce the implementation of global technology leader, SAP S/4HANA along…
- Wow! Momo Foods raises Rs 350 crore in funding from Khazanah 16 Jan 2024, retail.economictimes.indiatimes.com The investment will be made through both primary infusion and secondary purchase from early-stage investors, Indian Angel Network and Lighthouse Funds. Existing investor Oaks Asset Management also infused an additional Rs 60 crore in this round…
- ETRetailGIRS: Emerging Brands of Bharat | Priyanka Salot, Co-Founder of The Sleep Company 16 Jan 2024, retail.economictimes.indiatimes.com Priyanka Salot, Co-Founder of The Sleep Company on essential do’s and don’ts in brand revolution…
- Barista to double its retail presence to 800 outlets in next 5 years 16 Jan 2024, retail.economictimes.indiatimes.com Currently, out of the 400 stores that the brand operates, 30 per cent are company-owned and the remaining 70 per cent are run by franchise partners. However, going ahead, it plans to take this ratio to 50:50…
- TCPL to tap pharma channels with Organic India, expand Capital Foods to oriental cuisine space 16 Jan 2024, retail.economictimes.indiatimes.com Combined with its own brand Sampann, under which it offers Indian food and spices, TCPL now aims to offer a wide gamut of the Indian culinary palate with Ching’s Secret, and Smith & Jones. “We now have the brands that were required to address the entire portfolio of the Indian consumer’s cuisines per se,” D’Souza told PTI…
- BSH Home Appliances to increase its localisation efforts to 75 pc by 2025 16 Jan 2024, retail.economictimes.indiatimes.com ”We are eyeing a 3x growth by 2026 at the back of strengthening our localisation efforts,” Saif Khan, CEO, and MD – India, BSH Home Appliances said…
- Rise of gold consumption in India to continue: Somasundaram PR, regional CEO for India, WGC 16 Jan 2024, retail.economictimes.indiatimes.com India will continue to see a rise in gold consumption due to increasing prosperity within the middle class and growing awareness about the importance of gold in portfolios. The country needs to prepare for a surge in demand as it becomes more prosperous. While consumers may not fully understand how gold interacts with other assets, recent local and global events have demonstrated its resilience during times of uncertainty. ..
- Restaurants’ body seeks restoration of input tax credit, higher GST rate of 12 pc 16 Jan 2024, retail.economictimes.indiatimes.com The National Restaurant Association of India (NRAI) has called for the government to restore input tax credit to restaurants and increase the GST rate to 12% from the current 5%, ahead of the upcoming Union Budget. The association believes that balanced policies and regulations are needed to ensure a level playing field for restaurants, delivery partners, and consumers. ..
- Wholesale prices accelerate to 9-month high at 0.73% in December 16 Jan 2024, retail.economictimes.indiatimes.com India’s wholesale inflation increased to 0.73% in December, as per government data. The number rebounded in November after staying negative for seven months. Inflation for primary articles increased to 5.78%. Fuel and power and manufacturing sector contracted to -2.41% and -0.71% respectively…
- Luxmi Tea plans retail expansion, to step up presence in airports 16 Jan 2024, retail.economictimes.indiatimes.com ”The retail and online channels of our tea sales are growing fast. Presently, online and retail constitute less than ten per cent of overall sales,” MD of Luxmi Tea Rudra Chatterjee said…
- Ram Mandir consecration to generate Rs 1 lakh crore worth of business: CAIT 16 Jan 2024, retail.economictimes.indiatimes.com Ram Mandir Inauguration: “This event not only resonates with religious sentiments but also brings a surge in economic activities. The faith and trust of people are leading to the creation of many new businesses based on the country’s traditional economic system,” Praveen Khandelwal, National Secretary General of CAIT, stated…
- 32 commercial establishments in Delhi get LG’s nod to operate 24/7 16 Jan 2024, retail.economictimes.indiatimes.com Out of the 32 approvals, seven have been granted to establishments that had applied for exemption for their women employees during night times. The exemptions have been given with foolproof assurances about the safety of employees by the establishments, the officials said…
- T.A.C appoints Sanjiv Gupta as its chief advisory and board member 16 Jan 2024, retail.economictimes.indiatimes.com “Mr. Gupta’s role is pivotal in our journey towards Mission 2030 to become the most loved Ayurveda company” said Param Bhargava, founder, T.A.C…
- Perfumery chain Douglas posts 8.3% higher quarterly net sales 16 Jan 2024, retail.economictimes.indiatimes.com Sales in the October-December period rose to around 1.56 billion euros ($1.71 billion) from 1.44 billion euros in its first quarter of fiscal year 2023/24. Store net sales were up 7.1% on the year, while its e-commerce business grew by 10.7% from the same quarter a year earlier…
- Hitachi’s Indian business expects to have $20 bln revenue by 2030 16 Jan 2024, retail.economictimes.indiatimes.com Hitachi Energy India makes equipment such as transformers and circuit-breakers for energy transmission and railway components. The parts made in India are used across the world, such as in Hitachi’s projects in the U.S, Hitachi India’s managing director Bharat Kaushal said…
- Coca-Cola India joins forces with Reliance Retail for “Bhool Na Jana, Plastic Bottle Lautana” PET collection, recycling initiative 16 Jan 2024, hindustantimes.com The initiative is set to expand to 200 Reliance Retail stores nationwide by 2025, with a goal of collecting 5,00,000 PET bottles annually during the pilot phase…
- Retail India News: Jaypore Unveils Mumbai Retail Expansion in Oberoi and R City Malls 16 Jan 2024, indianretailer.com In a strategic move to further embed itself in the vibrant retail landscape of Mumbai, JAYPORE announces the grand opening of two new stores situated in Oberoi Mall and R City Mall…
- Kalyan Jewellers Unveils Expansion Plans with Three New Showrooms in Bihar 16 Jan 2024, indianretailer.com Kalyan Jewellers has revealed its strategic move to launch three new showrooms in the state of Bihar. Scheduled to open in Buxar, Hajipur, and Purnia throughout January, these showrooms mark a deliberate effort by the brand to broaden its geographical presence beyond the Southern markets…
- Dwarka Welcomes a Transformed Jewelry Experience by Malabar Gold and Diamonds 16 Jan 2024, indianretailer.com In a remarkable display of growth, Malabar Gold and Diamonds has rapidly expanded its global footprint, solidifying its status as the world’s 6th largest jewelry retailer….
- Foam Home India Partners with Technogel to Redefine Mattress Comfort 16 Jan 2024, indianretailer.com The sleep industry in India is undergoing a transformative awakening, and leading the charge is Foam Home India, a prominent premium mattress brand…
- The Rise of Home Essentials: Key Takeaways from IKEA’s Life at Home Report 2023 16 Jan 2024, indianretailer.com In a world that’s constantly evolving, so are our homes. As we step into 2024, Swedish home furnishings giant IKEA has come up with its 10th Life at Home Report, a treasure trove of insights into how Indians are crafting their domestic spaces, which will in turn dictate what will sell most in the home genre…
- Pidilite Industries Forges Global Leather Solutions Alliance with Syn-Bios 16 Jan 2024, indianretailer.com In a strategic move towards enhancing the global footprint of Indian industrial prowess, Pidilite Industries Limited, a renowned manufacturer specializing in adhesives, sealants, and construction chemicals, has entered into a collaboration with Italy-based Syn-Bios, recognized for its groundbreaking research and global marketing initiatives in the leather tanning sector…
- Ayodhya Temple Inauguration Countdown: Lord Ram Writes Retail History as Brands Experience Record Sales 16 Jan 2024, indianretailer.com From selling 3,000 units of pens in a regular season, Submarine Pens has witnessed the sale of 10,000 pens of Lord Rama’s theme in the last 15 days alone. The pen merchandise maker is all set to sell more than 20,000 units this month…
- Rasayanam Forges Partnership with Apna Chemist to Expand Holistic Wellness Reach 16 Jan 2024, indianretailer.com Pioneering holistic wellness brand Rasayanam is making its foray into the retail market, initiating the journey with Apna Chemist, a medicine delivery company under Parsa Group, Genitech NSAN Pharmaceutical Private Limited…
- South Seas Distilleries Expands Single Malt Legacy with Crazy Cock Launch in Goa 16 Jan 2024, indianretailer.com After a successful debut in Mumbai, South Seas Distilleries and Breweries Private Limited, one of India’s oldest malt whisky distilleries, is making a splash in Goa with the introduction of its single malt whisky, The Crazy Cock…
- Gokyo Sets a New Standard in Women’s Trekking Attire 16 Jan 2024, indianretailer.com In a noteworthy move towards inclusivity and catering to the diverse needs of outdoor enthusiasts, Gokyo Outdoor Clothing and Gear has introduced an exclusive women’s trekking pants and apparel collection designed specifically for the Indian women’s fit and the intrepid Indian women trekker and explorer…
- Glamplus Bags Rs 16.5 cr in Pre-Series A Round to Elevate B2B Beauty Retail Tech 16 Jan 2024, indianretailer.com SaaS-enabled B2B Beauty Marketplace, Glamplus, has successfully raised approximately ₹16.5 crore in a pre-series A funding round. Investors include Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection…
- What Fashion Industry Expects from this Budget 16 Jan 2024, irecwire.com As fashion brands grappled with challenges ranging from supply chain disruptions to fluctuating raw material prices, leaders from Madame, KAZO, and FS Life share their insights and expectations for government support in the upcoming budget…
- 2023 Roundup: McDonald’s India (W&S) top selling items – McAloo Tikki, McSpicy Chicken burger, Cold Coffee and Soft Serve 16 Jan 2024, restaurant.indianretailer.com The limited-time offerings, such as KITKAT McFlurry and Minion-themed Banana Caramel McFlurry, also ranked among the top five products in 2022 and 2021…
- Foreign Investment In Real Estate Shrunk By 30% In 2023 15 Jan 2024, rprealtyplus.com The share of foreign institutional investors in the real estate sector shrunk by 30 per cent to $2.733 billion in 2023 as against $3.926 billion in the previous year on account of the macroeconomic slowdown, says a report…
- Keystone Realtors sales bookings up 26% to Rs 1,423 crore in Apr-Dec 2023 15 Jan 2024, realty.economictimes.indiatimes.com According to a regulatory filing earlier this week, the company’s sales bookings in volume terms rose 9 per cent to 0.82 million sq ft during the April-December period of this fiscal from 0.75 million sq ft in the year-ago period…
- Tata Consumer to fund two acquisitions with cash reserve, bridge financing 15 Jan 2024, retail.economictimes.indiatimes.com Tata Consumer Products (TCPL) plans to finance the acquisitions of Capital Foods Ltd and Organic India Ltd, totaling an enterprise value of Rs 7,000 crore, through internal cash reserves and bridge financing, according to MD and CEO Sunil D’Souza. Emphasizing the growth potential in these areas, D’Souza mentioned that TCPL aims to strengthen its food and beverage portfolio organically and explore inorganic opportunities…
- Avenue Supermarts’ net profit rises 17% to Rs 690.41 crore in Q3 FY24 15 Jan 2024, retail.economictimes.indiatimes.com DMart’s total revenue for the quarter ended December 31, 2023 rose to Rs 13,572 crore, as compared to Rs 11,569 crore in the same period last year. Neville Noronha, CEO and managing director, Avenue Supermarts Limited, said, “Contribution from general merchandise and apparel has stabilized and trends are encouraging post-Diwali. This time the festive season sales were lower than expected in Non-FMCG. Within FMCG, agri-staples (ex-edible oil) are going through significantly high inflation.”…
- Value growth hit in 2023, volumes fill consumer baskets 15 Jan 2024, retail.economictimes.indiatimes.com For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores…
- FMCG companies to add to ads after input cost subtractions 15 Jan 2024, retail.economictimes.indiatimes.com Fast-moving consumer goods (FMCG) companies such as Dabur, Marico and Godrej Consumer Products said in investor notes that advertising, promotion and category development spending had gone up in the December quarter and some said it will increase further in the next few quarters…
- Malabar Gold & Diamonds all set to relaunch its store in Dwarka 15 Jan 2024, retail.economictimes.indiatimes.com Malabar Gold & Diamonds is thrilled to announce the relaunch of its store in Dwarka on January 13, 2024. The revamped store, located at High Street, Ground Floor, Vegas Mall, Dwarka, promises a world-class jewellery shopping experience, boasting more space and more collections. By offering an extensive range of jewellery pieces at the best prices and fair making charges, the store aims to be the city’s ultimate jewellery shopping destination…
- Kalyan Jewellers to add 3 new showrooms in Bihar in Jan 15 Jan 2024, retail.economictimes.indiatimes.com Currently, Kalyan Jewellers has its presence in key markets such as Patna, Arra, Kishanganj and Begusarai, to name a few and these three new showrooms will take up its store count in the state to 13…
- Losses hound beauty startups 15 Jan 2024, financialexpress.com The fact that funding in such businesses fell to just $84 million in 2023 from $679 million in the previous year and a good $1 billion in 2021, as per Tracxn, suggests investors are treading cautiously…
- India electronics exports to US jump over two-fold to USD 6.6 bn in Jan-Sep 2023: ICEA 15 Jan 2024, retail.economictimes.indiatimes.com India’s electronics exports to the US have more than doubled to $6.6 billion from January to September 2023, reaching an all-time high. The share of electronics imported from China into the US has decreased. The bilateral electronics trade between India and the US has also seen a significant increase. The Indo-US Task Force for Electronics aims to elevate India’s position in the US electronics market…
- Mars Wrigley India Appoints Nikhil Rao as Chief Marketing Officer 15 Jan 2024, indianretailer.com Mars Wrigley India, a segment of Mars Incorporated specializing in chocolate and confectionery, has announced the appointment of Nikhil Rao as its new Chief Marketing Officer (CMO)…
- The Body Shop Achieves Global Milestone as First 100 pc Vegan Beauty Brand 15 Jan 2024, indianretailer.com The Body Shop, a trailblazing British ethical beauty brand, marks a significant global milestone by becoming the world’s first beauty brand to achieve 100 percent vegan product formulations across skincare, body care, haircare, makeup, and fragrance…
- Navigating the Threads: A Reflection on the Textile Supply Chain in 2023 & Emerging Trends for 2024 15 Jan 2024, indianretailer.com As we bid farewell to 2023, it’s time to unravel the complexities woven into the textile supply chain management over the past year. The industry has faced unprecedented challenges and undergone transformative changes, setting the stage for intriguing trends in 2024…
- How Artificial Intelligence is Revolutionizing the Fashion Industry: A Game-Changer in Design, Retail, and Customer Experience 15 Jan 2024, indianretailer.com As an outcome of a seamless synergy between human intellect and technological prowess, Artificial Intelligence’s (AI’s) transformative influence extends across diverse sectors, with the fashion industry being no exception…
- Opium Eyewear Pays Tribute to Marvel’s Captain America with Sunglasses Range 15 Jan 2024, indianretailer.com Opium Eyewear, under the umbrella of Eternity Lifestyles, introduces a captivating limited edition Marvel-inspired sunglasses collection, drawing inspiration from the iconic character, Captain America…
- UNIREC bags $190,000 in Seed Funding from BeyondSeed 15 Jan 2024, indianretailer.com UNIREC, a pioneering sustainable brand in India specializing in clothing made from recycled PET bottles, has marked a pivotal moment in its eco-friendly journey by successfully concluding a seed funding round…
- The Fern Hotels and Resorts Appoints Seasoned Leaders to Strengthen Hospitality Footprint 15 Jan 2024, indianretailer.com The Fern Hotels and Resorts have strategically appointed key professionals to senior management roles, reinforcing their esteemed properties in the retail hospitality sector across India…
- Migsun Group sells retail space in Delhi to Dmart for Rs 108 crore 13 Jan 2024, realty.economictimes.indiatimes.com Dmart has bought the space at the project in sector 22, Rohini in Delhi, according to a statement. The retail space has been acquired for Rs 108 crore, the statement said…
- Tata Consumer to acquire Capital Foods for Rs 5,100 cr, Organic India for Rs 1,900 cr in all-cash deals 13 Jan 2024, retail.economictimes.indiatimes.com As per the filing, TCPL will acquire 75 per cent stake in Capital Foods at an enterprise value of Rs 5,100 crore and 100 per cent stake in Organic India, a food and beverages and herbal and traditional supplements brand for Rs 1,900 crore…
- HUL is one of Unilever’s strongest & largest operations: Unilever’s CEO Hein Schumacher 13 Jan 2024, retail.economictimes.indiatimes.com HUL accounts for more than 11% of Unilever’s global sales and its second biggest market after the US in terms of revenue. The maker of Rin detergent, Dove shampoo and Lux soap is also the market leader in most segments it operates in India with nearly 80% of its portfolio either gaining or retaining shares. As part of his market visits, Schumacher met several customers and top executives of Nykaa, Reliance Retail, pharmacy chain Wellness Forever and kirana stores…
- India’s retail inflation surges to a four-month high of 5.69 per cent in December 13 Jan 2024, retail.economictimes.indiatimes.com India’s retail inflation in December rose to 5.69 per cent, compared to 5.55 per cent in November, according to data released by the Ministry of Statistics & Programme Implementation on Friday. This increase remains within the Reserve Bank of India’s tolerance range of 2-6 per cent. On a month-on-month basis, the inflation rate contracted by (-)0.32 per cent…
- Temple frenzy gives 100 per cent lift to spiritual merchandise sales 13 Jan 2024, retail.economictimes.indiatimes.com Executives at ecommerce companies and general trade said sales of spiritual merchandise have increased two to three times compared with normal days, even as sellers such as Prabhu Bhakti, Ayodhyapati and HindK stores have flooded online platforms. Ecommerce platform Flipkart has listed T-shirts and flags for cars, bikes, cycles and windows printed with the words Jai Shree Ram, and images of the temple and Hanuman as “hot deals”. Rival Amazon shows Ram T-shirts as “trending”…
- ‘India’s leather and footwear industry to hit $47 billion by 2030’ 13 Jan 2024, retail.economictimes.indiatimes.com This has been revealed in the vision document 2030 for leather & footwear industry released by the Council for Leather Exports (CLE), the export promotion council for leather, leather products, leather footwear, non-leather footwear and footwear components, functioning under Union ministry of commerce and industry in New Delhi on Wednesday…
- Mars Wrigley India appoints Nikhil Rao as CMO 13 Jan 2024, retail.economictimes.indiatimes.com In his new role, Rao will look over the marketing vision, and strategic initiatives and direct the execution of Mars Wrigley’s portfolio strategy in India, read the release…
- Bakingo inaugurates ‘super kitchen’ in Gurugram 13 Jan 2024, retail.economictimes.indiatimes.com Stretched to 27, 000 square feet, the kitchen will help the company introduce a new and wide range of products, read the release…
- Tesco raises profit outlook again after strong Christmas sales 13 Jan 2024, retail.economictimes.indiatimes.com Shares in the supermarket group, which has a near 28% share of Britain’s grocery market, were up 1% early on Thursday, extending gains over the last year to 23% after the company also said it had “great momentum” going into 2024…
- Ayodhya Ram Mandir: Delhi prepares to celebrate Diwali in over 100 big markets on the day of inauguration 13 Jan 2024, retail.economictimes.indiatimes.com Delhi is preparing to celebrate Diwali in over 100 major markets on the day of Ram Mandir’s inauguration on January 22. The Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal and President Subhash Khandelwal announced special programmes in over 100 retail and wholesale markets, including a Bhandara in Kashmiri Gate, garlands in Kamla Nagar, and saffron flags in Khan Market…
- India’s ‘Affluent’ class to reach 100 million in three years, will boost premium goods sales 13 Jan 2024, livemint.com Goldman Sachs Group Inc. has in a report released on January 12 forecast that India’s “affluent” class is set to reach 100 million in the next three years. This it says will lead to premium goods companies in the country faring better compared to broader competitors…
- PC makers bet on AI to rekindle sales 13 Jan 2024, retail.economictimes.indiatimes.com PC and chipmakers including Advanced Micro Devices (AMD) and Intel are betting that the so-called “neural processing units” (NPUs) now found in the latest chip designs will encourage consumers to once again pay for higher-end laptops. Adding additional AI capabilities could help take market share from Apple…
- Barista Coffee Achieves Milestone with 400th Café in Delhi 13 Jan 2024, indianretailer.com Barista Coffee has achieved a significant milestone by unveiling its 400th café at Rajiv Chowk Metro Station in Delhi. The strategic choice of Rajiv Chowk positions this opening as a noteworthy achievement for 2023, setting the stage for continued growth in 2024…
- Reliance Jewels Debuts Unique Spring Jewelry 13 Jan 2024, indianretailer.com Reliance Jewels, renowned for its profound connection to India’s rich cultural heritage, is thrilled to introduce its latest collection as the auspicious spring season approaches…
- makeO Bags $16 mn in Funding Round for Geographical Expansion 13 Jan 2024, indianretailer.com makeO has successfully raised $16 million (Rs 135 crore) in a funding round led by 360 ONE Asset and Ashish Kacholia’s investment office. Existing investors, including Eight Roads Ventures and Paramark Ventures, also participated…
- Godrej Interio’s Sustainable Supply Chain: A Key Driver for 42% Revenue in FY24 13 Jan 2024, indianretailer.com In a bold move towards sustainability, Godrej & Boyce, the flagship company of the Godrej Group, revealed that its subsidiary, Godrej Interio, was experiencing a remarkable surge in the demand for environmentally conscious products…
- PDS Subsidiary, Norlanka Manufacturing, Acquires 26 pc Stake in Nobleswear 13 Jan 2024, indianretailer.com PDS Limited announces a significant step in its global expansion as its subsidiary, Norlanka Manufacturing Limited, is set to acquire a 26 percent stake in Nobleswear Private Limited, a Sri Lanka-based specialized manufacturer of children’s wear products…
- Nebula by Titan Unveils Timeless Luxury with Contemporary Bracelets Range 13 Jan 2024, indianretailer.com Nebula by Titan introduces a collection of luxury watches crafted in solid 18-carat gold and adorned with precious stones, epitomizing authenticity and modern expression…
- Kalyan Jewellers Clinches Accolades at Retail Jeweller MD and CEO Awards 13 Jan 2024, indianretailer.com Kalyan Jewellers, a stalwart in India’s jewelry landscape, received prestigious honors at the Retail Jeweller MD and CEO Awards…
- HCCB Provides 20,000 kgs of Dry Ration Kits for Tiruvallur District 13 Jan 2024, indianretailer.com Hindustan Coca-Cola Beverages Private Limited (HCCB), a prominent FMCG company in India, has undertaken a significant retail initiative in the aftermath of Cyclone Michaung…
- Urban Square Mall Enhances Udaipur’s Entertainment Landscape with LED Game Zone’s Unique Attractions 13 Jan 2024, indianretailer.com Urban Square Mall, recognized as Udaipur’s leading retail and entertainment destination, embraces the arrival of LED Game Zone, introducing the distinctive ‘Hey Dark’-themed bowling alley…
- The Body Shop Expands Ethical Beauty Reach via ONDC Network 13 Jan 2024, indianretailer.com The Body Shop, a globally renowned ethical beauty brand hailing from the UK and committed to social and environmental justice, has officially become part of the Open Network for Digital Commerce (ONDC) Network through Shopalyst’s plugin…
- Portronics Redefines Audio Tech with Dash 6 13 Jan 2024, indianretailer.com Renowned for its innovation in portable gadgets, Portronics introduces the Dash 6 to its audio lineup – a Bluetooth speaker designed with versatility in mind…
- Traditional Elegance Meets Modern Design in PNG Jewellers’ New ‘Pratha’ Bridal Range 13 Jan 2024, indianretailer.com With a legacy spanning 191 years, iconic jewellery brand PNG Jewellers introduces its new bridal collection, “Pratha,” just in time for India’s blockbuster wedding season. Beyond a celebration of heritage and craftsmanship…
- How Cloud Kitchens are Still Standing Strong 13 Jan 2024, irecwire.com The ongoing commitment to innovation and the adoption of cutting-edge technologies not only enhance operational efficiency but also influence how food is prepared, packaged, and ultimately delivered…
- Ajmera Realty Witnesses 98% YoY Sales Surge In Q3 FY24 12 Jan 2024, rprealtyplus.com Ajmera Realty & Infra India Ltd, a leading real estate company with a pan India presence, announced its operational numbers for Q3FY24…
- Casagrand Contracts Pvt Ltd Partners With Singapore’s Shine Goglobal Ltd 12 Jan 2024, rprealtyplus.com With a vision to transcend the seasonal coastal tourist spot, Kanniyakumari towards conscious tourism destination, Casagrand Contracts Pvt Ltd (CGCPL), the EPC venture from the Casagrand Group and Singapore-based Our SHINE GOGLOBAL Ltd have joined hands to bring in a historic partnership…
- Phoenix Mills to add 5.1 million sq ft to office properties’ portfolio in three years 12 Jan 2024, realty.economictimes.indiatimes.com This initiative is poised to elevate the company’s operational office projects portfolio to 7 million sq ft by 2027, up significantly from the current 2 million sq ft…
- Tata Consumer set to acquire Capital Foods, Organic India 12 Jan 2024, retail.economictimes.indiatimes.com TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore…
- Dealshare names Kamaldeep Singh as CEO, third cofounder Medda quits 12 Jan 2024, retail.economictimes.indiatimes.com Singh joined Dealshare in December 2022 as president of the retail business at the Bengaluru-based firm. He was previously the chief executive of BigBazaar. Singh’s appointment comes after an investor-led restructuring at the firm…
- FMCG distributors to boycott HUL products in Maharashtra, starting with Taj Mahal Tea 12 Jan 2024, retail.economictimes.indiatimes.com HUL, which owns brands such as — Lux, Lifebuoy, Surf Excel, Rin, Pond’s and Dove, has reduced the fixed margin by 60 basis points and increased the variable margins by up to 100 to 130 basis points for its distributors…
- Philip Morris International appoints Navaneel Kar as MD of India operations 12 Jan 2024, retail.economictimes.indiatimes.com In this company, Kar will be reporting to Ankur Modi, Cluster Head South Asia & IndoChina, PMI…
- Tata Starbucks FY23 Results: Co reports loss of Rs 24.97 crore 12 Jan 2024, retail.economictimes.indiatimes.com Tata Starbucks has reported a net loss of Rs 24.97 crore from its operations in India for the financial year ended March 31, 2023, according to financial data accessed through business intelligence platform Tofler…
- Under pressure from trendier and cheaper rivals, Fabindia seems to be in need of refresh 12 Jan 2024, retail.economictimes.indiatimes.com An inability to win the hearts of Gen Z and millennial cohorts is posing a challenge for the six-decade-old retailer, a pioneer of sustainable sourcing and supporting artisans, amid an onslaught of competition from trendier and cheaper rivals. If socially conscious young people once swore by the brand, their children don’t seem to be showing it as much love…
- Agritech startup Ninjacart tops Rs 1,000 crore in FY23 revenue, up 19% 12 Jan 2024, retail.economictimes.indiatimes.com The topmost cost heads at the firm during the year were purchases of stock in trade and employee-related expenses. The former went up 18.5% to Rs 1,085.6 crore while the latter grew 51.6% to Rs 246.8 crore…
- Uniqlo operator Fast Retailing Q1 profit soars on strong overseas sales 12 Jan 2024, retail.economictimes.indiatimes.com Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen a year earlier. The consensus forecast was for 137.9 billion yen, according to the average estimate of five analysts surveyed by LSEG…
- PepsiCo’s Jagrut Kotecha emerging as top contender for CEO role in India operations 12 Jan 2024, retail.economictimes.indiatimes.com PepsiCo’s senior vice president and chief commercial officer for AMESA, Jagrut Kotecha, is a leading candidate to head the company’s India operations. Kotecha’s extensive experience in PepsiCo’s snacks business is considered advantageous as the company focuses on strengthening its snacking segment in India. The initial expectation of George Kovoor taking over the role is reconsidered due to the competitive challenges in the snacks business…
- Anushka Sharma-backed D2C snack brand Slurrp Farm raises Rs 60 crore in funding 12 Jan 2024, retail.economictimes.indiatimes.com Founded in 2016 by Meghana Narayan and Shauravi Malik, Slurrp Farm saw its revenue more than double in FY23 to Rs 42 crore…
- India sees shift in consumer wallet share towards discretionary & premium products 12 Jan 2024, retail.economictimes.indiatimes.com India will see a significant shift in consumer wallet share towards discretionary and premium products as we move towards a USD5 trillion economy in the coming few years, says Amnish Aggarwal – Head of Research, Prabhudas Lilladher…
- UAE-based Lulu Group readies to set up large shopping mall in Ahmedabad 12 Jan 2024, retail.economictimes.indiatimes.com The construction for the proposed shopping mall will start in 2024 itself, said Yusuff Ali MA, Chairman and Managing Director of Lulu Group International, talking to on the sidelines of the ongoing Vibrant Gujarat Global Summit…
-
Indian toy industry imports decline by 52 per cent
12 Jan 2024, retail.economictimes.indiatimes.com The Indian Toy industry witnessed remarkable growth with a decline in imports by 52%, a rise in exports by 239%, and a development in the overall quality of the Toys. The efforts of the Government have enabled the creation of a more conducive manufacturing ecosystem, doubling the number of manufacturing units, reducing dependence on imported inputs, and increasing gross sales value. India is emerging as a top exporting nation with a strategic plan of action… - Looks Marks 35 Years of Timeless Beauty and 200+ Retail Salons 12 Jan 2024, indianretailer.com Looks, a beacon of glamour and wellness, joyfully commemorates its 35th anniversary, coupled with the remarkable achievement of establishing more than 200 salons across India…
- From Stitch to Marvel, Disney’s Growing Consumer Product Journey 12 Jan 2024, indianretailer.com Disney remains at the forefront as the dominant global licensor, boasting timeless and evergreen franchises such as Mickey and Friends, Disney Frozen, Disney Princess, and Marvel’s Avengers…
- Huda Beauty, WISHFUL and KAYALI Joins Myntra’s Beauty Retail Arsenal 12 Jan 2024, indianretailer.com Myntra, India’s renowned fashion and beauty hub, proudly announces the inclusion of globally acclaimed beauty brand Huda Beauty, along with skincare solutions from WISHFUL and fragrances from KAYALI in its expansive range of international brands…
- Blaupunkt TV Forges Alliance with Amazon India, Targets 4 pc Market Share in Retail Expansion 12 Jan 2024, indianretailer.com German-rooted brand Blaupunkt TV, renowned for its sound quality and over a century of legacy, has joined forces with Amazon India as its new e-commerce partner…
- Kraft Elevates Tableware Standards with Innovative Dessert Set 12 Jan 2024, indianretailer.com With decades of experience catering to Indian kitchens, Kraft, an Indian tableware brand, has introduced its newest creation, the Kraft Dessert/Pudding Set. Priced at an accessible INR 990, the set is available on Amazon and the brand’s website…
- SoulTree Adds Soumya Rasa to Ayurvedic Body Care Portfolio 12 Jan 2024, indianretailer.com Luxury brand SoulTree, the World’s 1st Certified Organic Ayurvedic beauty and wellness brand, introduces Soumya Rasa, its exquisite Ayurvedic Body Care range…
- Snitch Expands Warehouse Capacity in Bengaluru, Enhances Supply Chain Dynamics 12 Jan 2024, indianretailer.com Snitch, the pioneering direct-to-customer (D2C) menswear brand, is gearing up to enlarge its warehouse facility by an additional 50,000 square feet…
- Popsicle Unveils Sketch-Style “SpongeBob SquarePants” Frozen Treat Nationwide 12 Jan 2024, indianretailer.com Popsicle is introducing its latest frozen confection bar, featuring a new design inspired by the various faces of the iconic character, SpongeBob SquarePants…
- Pinkfong Debuts “Baby Shark World for Kids” App on LG Smart TV 12 Jan 2024, indianretailer.com The Pinkfong Company, the entertainment powerhouse behind Baby Shark, has revealed the launch of “Baby Shark World for Kids” on LG Smart TV…
- Nuvama & Cushman & Wakefield JV To Raise Rs 3000 Cr Commercial Realty Fund 11 Jan 2024, rprealtyplus.com Nuvama Asset Management, the alternatives-focused asset management arm of Nuvama Wealth Management Ltd,and Cushman & Wakefield , a leading global commercial…
- Puravankara’s Highest-Ever Collections For 9MFY24 & Q3FY24 11 Jan 2024, rprealtyplus.com Puravankara Limited, one of India’s most trusted and admired real estate developers, has recorded a strong sales performance in 9MFY24 with a sales value of Rs 3,967 crores, an increase of 89 percent compared..
- Kolkata: Hidco nod to New Town vertical city on the lines of World Trade Center 11 Jan 2024, realty.economictimes.indiatimes.com The Hidco board meeting was held on Tuesday where the proposal was discussed and approved. State urban development minister and Hidco chairman Firhad Hakim said that the vertical city building has been planned to be set up as per the World Trade Center specifications…
- Zomato offers daily payouts to small restaurant partners 11 Jan 2024, retail.economictimes.indiatimes.com The payouts will be currently available to restaurant partners that receive 100 or fewer orders a month, the company said in a blog post…
- The Beer Cafe to invest Rs 50 crore to open 36 new outlets in CY24 11 Jan 2024, retail.economictimes.indiatimes.com The brand, which claims to be double-digit EBITDA profitable, is looking at a 64 per cent growth in revenue from CY23 to CY24…
- Godrej Interio eyes 42% revenue from green products in FY24 11 Jan 2024, retail.economictimes.indiatimes.com The company is expecting 42 per cent of its revenue in FY24 to come from the green products category and further plans to take this to 50 per cent by 2032…
- ICEA moots import duty cuts on inputs to boost smartphone exports 11 Jan 2024, retail.economictimes.indiatimes.com A key demand of the handset industry from Budget FY25 is zero tariffs on all lines that significantly increase costs, converging them with Vietnam and China to ensure competitiveness, scale and export-led growth…
- High street retail set to take off big 11 Jan 2024, retail.economictimes.indiatimes.com M3M recently announced a luxury high street retail and ‘Pentsuites’ – or, serviced studio apartments – as part of a commercial project in Noida. The project will be developed on a three-acre land parcel with saleable space of about 900,000 square feet – 550,000 square feet in retail and 350,000 square feet for studio apartments…
- Thermal demand slumps 30%, makers slash production by up to 50% 11 Jan 2024, retail.economictimes.indiatimes.com Dealers and distributors are unwilling to pick up new stocks as they are yet to offload last year’s stock, and manufacturers do not expect the prevailing cold conditions in most of north India to lead to a revival in demand for knitwear…
- B2B beauty marketplace Glamplus raises Rs 16.5 cr in pre-Series A round 11 Jan 2024, retail.economictimes.indiatimes.com The investment will be used for the expansion of the startup in the tier I and II cities and further, to venture into the international markets, the release read…
- Fireboltt starts sale of wrist-phones, expects 30% of wearables revenue from new device 11 Jan 2024, retail.economictimes.indiatimes.com These devices are set to eclipse ordinary watches, offering a level of intelligence, connectivity, and versatility that was once unimaginable. While smartphones will remain essential, wristphones will become indispensable for seamless, on-the-go living, he added…
- Nippon Paint enters into e-commerce market 11 Jan 2024, retail.economictimes.indiatimes.com With this foray into e-commerce, the brand aims to deliver customer orders across India with fast delivery…
- Biggest malls in India you should visit 11 Jan 2024, timesofindia.indiatimes.com India is a country with a large and diverse population and a growing appetite for shopping and entertainment…
- India’s Biggest Shopping Mall To Be Set Up In Ahmedabad By UAE-Based Lulu Group 11 Jan 2024, india.com LuLu Group, the United Arab Emirates (UAE) based retailer is set to construct what it termed India’s biggest shopping mall, in Ahmedabad…
- Retail malls see robust growth with addition of 3.1 million sq ft in Q4 11 Jan 2024, business-standard.com India’s retail shopping malls witnessed robust growth with 3.1 million square feet added in Q4 2023 (Oct-Dec) compared to the pre-pandemic time, according to a Cushman and Wakefield report, which highlighted that a shift in consumer..
- Value retail to be a $170 billion market in India by 2026 11 Jan 2024, livemint.com India’s value retail market, excluding food and grocery, will likely surge to $170 billion by 2026 from $111 billion in FY23, as per a report by Wazir Advisors…
- Quaker’s Beyond Breakfast Strategy 11 Jan 2024, indianretailer.com Quaker in India is embarking on its innovative journey by introducing a variety of oat-based products. With the recent launch of instant oats in India, Quaker aims to boost its retail sales by targeting not only health-conscious breakfast consumers but also appealing to those seeking healthy snack options during breaktime…
- Shopping 2.0: Neo Retail’s Omnichannel Marvels and Future-Focused Flair 11 Jan 2024, indianretailer.com In a world where shopping isn’t just a transaction but a thrilling adventure, Neo Retail emerges as the secret sauce that turns mundane purchases into a journey of discovery…
- India’s E-Retail Industry Projected to Soar Beyond $160 bn by 2028 11 Jan 2024, indianretailer.com In a recent collaborative report by Bain & Company and Flipkart, the e-retail market in India is projected to witness a remarkable surge, surpassing the $160 billion mark by 2028…
- myTrident Introduces 37.5 Thermal Comfort Bed Sheets, Elevating Winter Comfort 11 Jan 2024, indianretailer.com Experience the epitome of comfort with myTrident’s latest creation – the 37.5 Thermal Comfort range…
- Timex Expands Presence with iConnect Calling Smartwatch Range 11 Jan 2024, indianretailer.com Timex, a globally recognized watchmaking brand, is set to introduce its latest innovation, the iConnect Calling smartwatch range, expanding its array of smartwatches that seamlessly blend fashion and functionality…
- D2C Start-up PrabhuBhakti Secures Seed Funding to Fuse Devotion and Style 11 Jan 2024, indianretailer.com PrabhuBhakti, a Direct-to-Consumer (D2C) startup specializing in Devotion and Style, has successfully raised an undisclosed amount of seed funding from Prajay Advisors…
- Cygnett Hotels Opens 2nd Hotel in Jaipur 11 Jan 2024, restaurant.indianretailer.com The hotel provides adaptable venues for meetings and events. These spaces are designed, featuring modern aesthetics, state-of-the-art technology, and seamless connectivity…
- Rebel Foods Launches India’s first Wendy’s® Dine-In Airport outlet at Kempegowda International Airport in Bengaluru 11 Jan 2024, restaurant.indianretailer.com Rebel Foods, the world’s largest internet restaurant brand and the master franchise holder for Wendy’s® in India has announced the launch of Wendy’s® first airport dine-in store at Kempegowda International Airport in Bengaluru…
- FlyDining to Open in Ayodhya Giving Customers an Experience above 50 Meters from Ground 11 Jan 2024, restaurant.indianretailer.com When it comes to safety, The Flydining structure ‘s entire length is 9 meters. with a width of 5 meters. It is suspended on 16 metal wire ropes, 8 below and 8 above the roof…
- Barista Coffee Hits 400 Store Milestone in India 11 Jan 2024, retail.economictimes.indiatimes.com Barista Coffee celebrates a major achievement with the inauguration of its 400th café in Delhi…
- 4 Ways Tata Starbucks is Catalysing Growth in India 11 Jan 2024, restaurant.indianretailer.com To achieve its target of 1,000 stores by 2028 the company will double its workforce to approximately 8,600 partners as it plans to enter Tier 2 and 3 Indian cities, expand drive-thrus, airports and its 24-hour store footprint…
- Tommy Bahama Expands Lifestyle Offerings Through Licensing Agreement with Concept One Accessories 11 Jan 2024, indianretailer.com Tommy Bahama, the renowned lifestyle brand, has entered into a licensing agreement with Concept One Accessories for the production of handbags, small leather goods, and luggage. Gina Wilcox, Vice President of…
- Universal Music Renews Licensing Deal with Tencent Music in China 11 Jan 2024, indianretailer.com Universal Music has extended its licensing agreement with Tencent Music Entertainment, the operator of three streaming services and an online karaoke platform in the Chinese market…
- Radisson Hotel Group Expands its Presence in Historic Ayodhya with Park Inn 11 Jan 2024, indianretailer.com Radisson Hotel Group is excited to declare the inauguration of its latest hotel in the culturally rich city of Ayodhya – Park Inn by Radisson Ayodhya. Nestled in the heart of Ayodhya, the hotel seamlessly combines contemporary design with modern amenities…
- Hyderabad Second Largest Real Estate Hub In 2023 10 Jan 2024, rprealtyplus.com In 2023, Hyderabad emerged as the second-largest real estate hub in India, experiencing a 49% year-on-year (YoY) growth in the sale of housing, according to the ‘Real Insight Residential – Annual Round-up 2023 (January–December) report released by PropTiger.com…
- PE Investments Register 26% Decline In 9M FY24 10 Jan 2024, rprealtyplus.com PE Investments registered a decline of approx. 26% in 9M FY24 as both foreign and domestic investors reported lower activity, finds ANAROCK Capital’s FLUX report for 9M FY24...
- Prestige Estates’ sales bookings jump over two-fold to Rs 5,326 crore in Q3 FY24 10 Jan 2024, realty.economictimes.indiatimes.com In a regulatory filing, Bengaluru-based Prestige Estates Projects Ltd informed that it clocked sale bookings of Rs 5,326.1 crore during October-December FY24, up 111 per cent year-on-year…
- Bullish on India as it has everything in place to accelerate trajectory: Starbucks Global CEO Narasimhan 10 Jan 2024, retail.economictimes.indiatimes.com Starbucks CEO Laxman Narasimhan has announced plans to open a new store every third day in India to operate 1000 cafes by 2028. The company is focusing on the tea-drinking nation’s impressive development and improved ease of doing business. Starbucks has 390 stores in India and crossed the Rs 1,000-crore sales mark for the first time since its establishment in 2012...
- Indian value retail market for non-F&G categories expected to reach USD 170 billion by 2026: Report 10 Jan 2024, retail.economictimes.indiatimes.com Sharing her views, Pakhi Saxena, Retail CPG Head, Wazir Advisors said, “The value retail market in India takes on interesting contours and is defined by distinct levers of price combined with un-catered demand. Accessible pricing across key mainstay categories, encompassing the mass, economy and mid-economy segments, is the driver of value retail in India.”...
- Swiggy Instamart VP Sidharth Satpathy exits, Amazon’s Anirban Roy to succeed 10 Jan 2024, retail.economictimes.indiatimes.com Several high-level executives have exited IPO-bound Swiggy over the last year, including senior vice president Karthik Gurumurthy, who built and headed Instamart, and former chief technology officer (CTO) Dale Vaz…
- Desi CEOs take home more than expats at electronics companies 10 Jan 2024, retail.economictimes.indiatimes.com Indian CEOs at Sony, Blue Star and Crompton Greaves took home more money than their foreign counterparts at the local units of Samsung, LG and Vivo that had a much larger scale of business…
- Blaupunkt explores ‘Made-in-India’ TVs for global markets, eyes diversification beyond China in manufacturing 10 Jan 2024, retail.economictimes.indiatimes.com Blaupunkt, an electronics brand, is planning to procure televisions made in India for its operations in the Middle East, Europe, and Australia. The brand’s local licensing partner, Super Plastronics, has revealed this move as an effort to establish India as a new global sourcing base. Super Plastronics is the Indian licensee for Blaupunkt televisions, which operates through licensing arrangements in over 80 countries worldwide…
- Volatility in gold prices is impacting jewellery sales, say industry executives 10 Jan 2024, retail.economictimes.indiatimes.com The drop in consumption of plain gold jewellery has impacted the manufacturers of plain gold jewellery from Tamil Nadu, Kolkata and Delhi. Coimbatore Jewellery Manufacturers’ Association president B. Muthu Venkatraman said that the orders for plain gold jewellery have trickled down post the surge in gold prices…
- Don’t expect recovery in FMCG before FY25: Abneesh Roy 10 Jan 2024, retail.economictimes.indiatimes.com Abneesh Roy says: “In our view, in Q3, most of the companies will see flat to low-single digit volume growth in the rural areas while urban areas will be growing faster. Even in Q4, we do not see a big recovery in rural demand currently. Our sense is the recovery will happen in FY25, based on Rs 1 lakh crore election spending, government stimulus, freebies, etc.”..
- Walmart experiments with AI to enhance customers’ shopping experiences 10 Jan 2024, retail.economictimes.indiatimes.com In a Tuesday keynote at trade show CES in Las Vegas, the nation’s largest retailer announced that it would be expanding its drone delivery to 1.8 million additional households in the Dallas-Fort Worth metropolitan area later this year...
- Campa becomes official sponsor of BCCI cricket series in India: Reports 10 Jan 2024, retail.economictimes.indiatimes.com Campa, a soft drink brand owned by Reliance, has signed a multi-year deal with the Board of Control for Cricket in India (BCCI) to become one of the official central sponsors for all cricket series in India. This agreement will sideline rivals Coca-Cola and PepsiCo for BCCI matches in India. Campa will enjoy exclusive on-stadium presence, pouring rights, and a beverage partnership for all cricket matches played in India…
- Apis India to expand product portfolio; aims Rs 500 cr revenue in FY25 10 Jan 2024, retail.economictimes.indiatimes.com The Delhi-based company had reported a revenue of Rs 333.66 crore for the financial year that ended on March 31, 2023. The company gets nearly equal contributions from the B2B and B2C businesses...
- Indian coffee exports set to surge thanks to global price rally 10 Jan 2024, retail.economictimes.indiatimes.com India- famous as a tea producer – is also the world’s eighth-largest coffee grower, mainly churning out the robusta beans used to make instant coffee. It also produces some of the more expensive arabica variety...
- Indian economy likely to grow at 6.2% next fiscal: UBS India report 10 Jan 2024, retail.economictimes.indiatimes.com Despite the rising external headwinds, India is likely to grow 6.2 per cent next fiscal against a consensus of 6.3 per cent to USD 3.9 trillion from USD 3.57 trillion in FY24 on a likely 7 per cent growth, as consumption growth is likely to stabilise at 4.7 per cent from 4.5 per cent in FY24, Tanvee Gupta-Jain, the UBS India chief economist, said in a note...
- Tata 1mg, Vitonnix UK announce exclusive partnership for healthcare products 10 Jan 2024, retail.economictimes.indiatimes.com The first product will be vitamin sublingual sprays which enable rapid absorption of vitamins, according to the company...
- Dial M for margins: Chinese phone companies offer higher share to retailers 10 Jan 2024, retail.economictimes.indiatimes.com Since last year, Chinese brands, especially Xiaomi and Realme, have been focusing on offline retail, which is more conducive for selling premium products and supporting their push towards expanding into appliances and other Internet of Things products. “Higher margins will encourage retailers to take time educating customers about the brand and products,” said Tarun Pathak, research director at Counterpoint Research…
- Smartsters Breaks Ground with Store at KOPA Mall Pune 10 Jan 2024, indianretailer.com Smartsters, the distinguished children’s furniture and home décor brand, is making its mark in the retail landscape with the inauguration of its standalone store at Kopa Mall Pune…
- India’s Consumer Industry: Transformations, Challenges & Future Expectations 10 Jan 2024, indianretailer.com India’s consumer industry is undergoing a significant transformation, poised to become the world’s third-largest by 2027, following the United States and China…
- Tejus Jose Assumes Leadership as Operations Director for Accor’s Ibis and Ibis Styles Across India 10 Jan 2024, indianretailer.com In a strategic move, Tejus Jose assumes the role of Director of Operations for ibis and ibis Styles India, a pivotal portfolio within the esteemed Accor Hotels, one of the top hospitality groups. Tejus, with over 23 years of expertise in the hospitality sector, is set to shape the operational landscape for 21 hotels across 14 cities in India...
- 10Clubhomes Appoints Kavitha Rao as COO to Lead Retail Expansion 10 Jan 2024, indianretailer.com 10Clubhomes has named Kavitha Rao as its new Co-founder and Chief Operating Officer. With over two decades of leadership experience in retail and consumer industries, Kavitha will spearhead various business functions to drive growth and profitability…
- Associated Alcohols and Breweries Disrupts Handcrafted Gin Space with Nicobar 10 Jan 2024, indianretailer.com Associated Alcohols and Breweries Limited (AABL), a key player in the alco-beverage industry and a flagship entity of the esteemed Associated Kedia Group, has proudly unveiled its premium handcrafted gin, “NICOBAR.”..
- Sydney Sweeney Joins Laneige as Global Brand Ambassador 10 Jan 2024, indianretailer.com In a significant move, celebrated actress and two-time Emmy Award nominee Sydney Sweeney has become the first-ever global brand ambassador for Laneige, the internationally acclaimed K-beauty brand...
- MyMuse Secures $2.7 mn in Largest Pre-Series A Funding 10 Jan 2024, indianretailer.com In the largest pre-series A funding in the Indian sexual wellness industry, MyMuse, the country’s leading intimacy brand, has successfully raised $2.7 million in a mix of debt and equity financing...
- Nippon Paint India Enters E-comm Arena with Amazon, Flipkart, and JioMart 10 Jan 2024, indianretailer.com Nippon Paint India (Decorative), a leading name in the paint industry, is set to make its mark in the e-commerce landscape through strategic collaborations with Amazon, Flipkart, and JioMart…
- Tata 1mg Collabs with Vitonnix UK to Introduce Innovative Vitamin Sublingual Sprays 10 Jan 2024, indianretailer.com Tata 1mg, a renowned digital healthcare platform in India, has partnered with Vitonnix UK, a leading innovator in health and wellness, to unveil an unprecedented offering in the country…
- Ayouthveda Welcomes Genelia Deshmukh to Radiate Ayurvedic Elegance 10 Jan 2024, indianretailer.com Ayurvedic personal care brand, Ayouthveda, proudly unveils Genelia Deshmukh as its inaugural Indian brand ambassador for the face care range…
- Marketing of the Future: Will Restaurants in India Collaborate with Virtual Influencers? 10 Jan 2024, irecwire.com This trust has shifted marketing budgets, with 73 percent now allocated to nano, micro, and mid-tier influencers due to their relatability and audience trust levels...
- How Bata’s Power Brand is Taking Fashion Forward with the Launch of Power Apparel 10 Jan 2024, irecwire.com Pankaj Gupta, Head of Retail Operations, Bata India highlights the various dimensions of the company’s business strategy, exploring response to the sneakerization trend, the launch of Power apparel, omnichannel dominance, strategic store expansion, etc...
- Chef Sajid Salim Patel Named Executive Chef at Sheraton Grand Bangalore 10 Jan 2024, retail.economictimes.indiatimes.com Chef’s practical culinary skills encompass Japanese cuisine (Sushi Kitchen), Cold Food Preparation, Catering Operations, and expertise in Indian, Western, and Oriental cooking…
- Signature Global Reports 47% Increase In Sales Bookings 09 Jan 2024, rprealtyplus.com Realty firm Signature Global reported 47 per cent increase in its sales booking to Rs 1,262.73 crore for the third quarter of this fiscal on strong housing demand…
- DLF Sold 1000 Luxury Housing Within Three Days Of Pre-Launch 09 Jan 2024, rprealtyplus.com Real estate major DLF said on January 8 that it has sold more than 1000 luxury housing units that are part of its latest offering Privana South in Gurugram, for Rs 7200 crore, within three days of pre-launch...
- Home and kitchen products startup 10clubhomes appoints Kavitha Rao as co-founder and COO 09 Jan 2024, retail.economictimes.indiatimes.com Kavitha comes on board with over 23 years of experience and has held various leadership roles with companies like IKEA, Accenture, Target & Unilever. In her new role with 10clubhomes, Kavitha told ETRetail that she will lead various business functions to drive growth and profitability…
- Quick service restaurants, soft drink businesses to bounce back this year: Ravi Jaipuria 09 Jan 2024, retail.economictimes.indiatimes.com Despite a slowdown in the growth of the quick service restaurants (QSRs) sector and soft drinks, Ravi Jaipuria, chairman of RJ Corp, PepsiCo’s largest bottler, and the largest franchise partner for KFC, Pizza Hut and Costa Coffee in India, believes year ahead is expected to see healthy double-digit growth for both businesses...
- Godrej Consumer conducts ceremony for its Rs 515 cr new mfg unit 09 Jan 2024, retail.economictimes.indiatimes.com “The government has generously given us incentives on our commitment to employ at least 50% of women and 5% of employees from the LGBTQI and people with disability communities,” said Nisaba Godrej, executive chairperson, GCPL…
- FMCG makers expect low to mid-single-digit volume growth in Q3; rural market continues to lag 09 Jan 2024, retail.economictimes.indiatimes.com Leading FMCG makers are expecting a low to mid-single-digit volume growth in the October-December quarter, with an improvement in consumer demand on a sequential basis…
- Spain’s Tendam tie up with Myntra to expand presence in India’s fashion landscape 09 Jan 2024, retail.economictimes.indiatimes.com Tendam, a leading fashion group, partners with Myntra to expand in India. Women’secret, Tendam’s flagship brand, is now available on Myntra. Tendam will open two franchised stores in Pune and Ludhiana. They aim to open ~20 stores in India over the next three years...
- New e-comm hubs: Parts of Hindi heartland, northeast 09 Jan 2024, retail.economictimes.indiatimes.com The trend is also in part being driven by the restricted presence of offline retail in some regions — in the northeast for instance, geographical built of certain areas makes it difficult for offline retailers to set up shops…
- Jewellery maker Pandora beats sales, profit forecasts on strong Q4 09 Jan 2024, retail.economictimes.indiatimes.com The company, known for its bracelets and charms, said organic sales grew by 12% year-on-year in the October-December period, lifting annual growth to 8% and exceeding the company’s own full-year forecast of 5%-6% made in early November...
- Medium to long term outlook for FMCG companies strong, margin expansion to continue: Kaustubh Pawaskar 09 Jan 2024, retail.economictimes.indiatimes.com Kaustubh Pawaskar says: “We should expect some improvement in demand from Q1 of FY2025 since inflation has also reduced and companies are passing on the benefit to the consumers in forms of price cuts and grammage increase. The benefits should start coming in the quarters ahead and if all goes well, monsoons turn out to be better, then it should help in revival in the rural demand.”…
- Indian single malts make history, overtake global giants in sales for first time 09 Jan 2024, retail.economictimes.indiatimes.com Indian single malt whiskies have made history by surpassing renowned international brands in terms of sales. According to the Confederation of Indian Alcoholic Beverage Companies (CIABC), Indian single malts accounted for 53% of total sales in 2023. The success of ‘Made in India’ brands has led to international giants like Diageo and Pernod Ricard entering the Indian market with their own local brands. This signals a new era for the country’s whisky industry…
- Ace Turtle appoints Pradeep Mukim as CCO 09 Jan 2024, retail.economictimes.indiatimes.com In his new role, he will lead the sourcing function and outlet business along with driving Ace Turtle’s strategic initiatives...
- Gen Z consumers prefer brands with social causes: Report 09 Jan 2024, retail.economictimes.indiatimes.com The report said younger consumers favour friends’ recommendations over celebrities when making purchases, with half of the consumers more likely to buy products through a friend’s recommendation, than through influencer or celebrity recommendation. This is contrary to many brand strategies that invest heavily on endorsements either through celebrities or through influencers on social media platforms...
- Retailer Douglas plans Q1 listing in new test for European IPOs – sources 09 Jan 2024, retail.economictimes.indiatimes.com Proceeds from the IPO will be used to help pay down debt, the people said. The company had 3.4 billion euros of net debt at the end of September, including store leases, equating to about 4.7 times its adjusted core earnings…
- Homegrown Ambrane expands global footprint, aims Rs 100 cr revenue 09 Jan 2024, retail.economictimes.indiatimes.com Homegrown consumer electronics and smart wearable brand Ambrane on Monday announced its expansion into the global market and aims for Rs 100 crore revenue this fiscal year...
- Bumberry’s push for eco-friendly cloth diapers in baby care 09 Jan 2024, retail.economictimes.indiatimes.com To tackle the environmental damage caused by disposable baby diapers, Kochi-based Bumberry Cloth Diapering Company has come up with eco-friendly reusable cloth diapers for babies, which it hopes will effect a marked shift in consumer preferences…
- Ambrane Expands Global Footprint, Aiming to Achieve 100 cr in International Retail Revenue 09 Jan 2024, indianretailer.com Ambrane, a leading Indian consumer electronics, and smart wearable brand, embarks on a noteworthy venture into the global market, with a focus on serving the UAE, Europe, USA, and East Asian regions. The brand introduces a range of top-tier products, including power banks, chargers, cables, and cutting-edge smart gadgets, bringing the renowned quality and innovation associated with Ambrane to an international audience...
- Jaipur Rugs Collabs with Dhun Jaipur for ‘Tread Softly’ Art Residency 09 Jan 2024, indianretailer.com Jaipur Rugs, a leading carpet manufacturer in India, has initiated a distinctive collaboration with Dhun Jaipur for a three-month artist residency and exhibition named ‘Tread Softly.’..
- Striding into FY2024: ICRA’s Insights on India’s Footwear Sector – 7 Key Takeaways 09 Jan 2024, indianretailer.com Step into the beating heart of India’s footwear industry, where every stitch tells a story and each sole carries the weight of an evolving narrative...
- iD Fresh Food Appoints Rajat Diwaker as India CEO 09 Jan 2024, indianretailer.com On January 5, the homegrown fresh food brand iD Fresh Food revealed the appointment of industry veteran Rajat Diwaker as the India CEO…
- Ace Turtle Appoints Pradeep Mukim as Chief Commercial Officer to Drive Retail Expansion 09 Jan 2024, indianretailer.com Ace Turtle has named Pradeep Mukim as its Chief Commercial Officer, entrusting him with leading the sourcing function and outlet business, while steering strategic initiatives...
- Woolmark, Andamen Introduce APEX – A Fusion of Luxury and Craftsmanship 09 Jan 2024, indianretailer.com The Woolmark Company, a revered Australian brand, and Andamen, an esteemed Indian-origin menswear label, have unveiled APEX, an exquisite winter collection merging Australian excellence with Indian artistry…
- The Souled Store Partners with Simpl to Elevate E-comm Experience 09 Jan 2024, indianretailer.com The Souled Store has announced a strategic collaboration with Simpl – India’s foremost Checkout Network. This partnership aims to fortify The Souled Store’s e-commerce platform, providing an enriched shopping experience for millions of customers..
- American Pie Unveils in Mumbai 09 Jan 2024, restaurant.indianretailer.com American Pie is a unique cloud kitchen that blends nostalgia with modern food experiences...
- The real estate outlook: What to expect in 2024 8 Jan 2024, realty.economictimes.indiatimes.com The desire for homeownership remains undeterred among consumers, as residential sales continue to breach previous highs. In the first nine months of 2023, an estimated 196,227 units were sold across top seven cities—marking a 15-year high...
- Consumer companies do not want to leave distributors on margins 8 Jan 2024, retail.economictimes.indiatimes.com While most distributors earn fixed margins between 3-6% irrespective of sales, variables usually include additional margins on reaching defined sales targets. After piloting a 60-100 bps lower fixed margin to its distributors to 3.3% and raising variable margins by over 100-150 bps for nearly a year, HUL rolled out the structure across 110 top cities in October…
- Flipkart may trim rolls by up to 7% in yearly refocus 8 Jan 2024, retail.economictimes.indiatimes.com Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company…
- Advertisements get cash counters ringing at quick commerce and food delivery companies 8 Jan 2024, retail.economictimes.indiatimes.com Quick commerce and food companies such as Swiggy, Zomato, Blinkit and Zepto are using advertising to bump up their overall revenue, industry executives and advertisers told ET…
- Dabur India sees sequential improvement in demand 8 Jan 2024, retail.economictimes.indiatimes.com The company, which owns various brands, including Dabur Chyawanprash, Dabur Honey, Dabur Pudin Hara, Dabur Amla, Real and Vatika, expects to register “mid to high single-digit growth during Q3 FY24” in its revenue. In the domestic business, the food & beverages segment is expected to grow in the high-single-digit and HPC (home & personal care) is expected to record growth in the mid-single digit…
- Country Delight raises $20 million in funding from Temasek, Venturi Partners 8 Jan 2024, retail.economictimes.indiatimes.com The latest round values Gurugram-based Country Delight at around $820 million. The D2C fresh foods brand had last raised $108 million back in May 2022 at a valuation of $615 million…
- How what sells most on Amazon, Flipkart and other online shopping websites may be changing 8 Jan 2024, retail.economictimes.indiatimes.com This article discusses the resurgence of brick-and-mortar stores for big-ticket electronics, signaling a shift in consumer behavior post-pandemic. Smartphone and television sales online have declined, while the contribution of in-store purchases has increased…
- Shoe imports ban, fiscal sops, design centres to help footwear industry hit USD 90 bn mark: Report 8 Jan 2024, retail.economictimes.indiatimes.com ”This growth will be characterized by two main changes – a significant increase in the demand for non-leather footwear (like sports shoes, running shoes, casual wear, and sneakers) in India, rising from 25 per cent to 75 per cent of the market share by 2030; and a shift in leather shoe production from small-scale, cottage industries to large corporates,” it said…
- Textile industry struggles to boost sales 8 Jan 2024, retail.economictimes.indiatimes.com However, the industrialists have some reason to cheer as this winter witnessed a sharp rise in the sale of winter accessories including gloves, scarves, boots and winter socks. Garment manufacturers said people had not even started visiting stores for winter shopping halfway through December…
- Kalyan Jewellers to open its 250th showroom in Ayodhya 8 Jan 2024, retail.economictimes.indiatimes.com Of the 30 showrooms, the company plans to add 15 ‘Kalyan’ showrooms in India, two ‘Kalyan’ showrooms in the Middle East and 13 ‘Candere’ showrooms, it said. “The ongoing quarter should witness the launch of the company’s 250th showroom in Ayodhya, a milestone in our journey,” Kalyan Jewellers added…
- HUL puts focus on family packs 8 Jan 2024, financialexpress.com Hindustan Unilever (HUL), the country’s largest consumer goods company, is pushing large or family packs into select general trade outlets in top 100 towns, as it seeks to shore up volume growth, at least three distributors from Maharashtra, Gujarat and Madhya Pradesh have told FE…
- Beyond snacks and sweets: Haldiram’s Foods now also sells premium chocolates 8 Jan 2024, livemint.com Haldiram’s Foods International Pvt Ltd (Nagpur) is entering the premium chocolate market, competing with the likes of ITC and Mondelez, as it builds a wider portfolio of packaged foods beyond sweets and savouries…
- October-December 2023 speaks volumes about FMCG demand revival 8 Jan 2024, retail.economictimes.indiatimes.com Godrej Consumer Products said volume growth was likely in a high single digit, but sales value growth was flattish last quarter. Marico, which sells the Parachute coconut hair oil and Saffola oil, said domestic volumes grew in a low single digit year-on-year with a slight sequential improvement in core portfolio. But consolidated revenue declined by a low single digit…
- France’s Leclerc backs Carrefour in pressuring food producers 8 Jan 2024, retail.economictimes.indiatimes.com France has been gripped by a debate over the price of staples, with retailers claiming producers’ price increases are unjustified. The government has demanded retailers and suppliers finish annual price negotiations in January, two months earlier than usual, as it seeks to lower inflation…
- Global smartwatch sales likely to see 17% growth in 2024 8 Jan 2024, retail.economictimes.indiatimes.com Initially attracted to basic or affordable smartwatches, users are now seeking enhanced functionality, especially those who purchased devices during the pandemic…
- Panasonic eyes double-digit growth in India this fiscal, plans to make country export hub 8 Jan 2024, retail.economictimes.indiatimes.com Panasonic is expecting “double-digit” growth in the Indian market this fiscal and is preparing to tap into the country’s long-term potential by introducing high-tech products. The company is committed to the Indian market, citing its high long-term potential due to lower product penetration, providing room for growth…
- Rising Consumer Spending In the Luxury Segment 8 Jan 2024, indianretailer.com India is the fastest-growing economy across the globe and is estimated to become the third-largest economy by 2027. This has led to a change in the distribution of income, with the upper middle-class accounting for one-third of the overall population and the high-income class tripling by 2031…
- Navigating Inflation: What Indian Retailers Must Focus On 8 Jan 2024, indianretailer.com The recent pandemic has reframed the importance of nutrition and immunity building foods to India. A renewed awareness towards the value of health and an increase in disposable incomes has revived the food choices for the Indian customer…
- Unlocking Potential: ONDC’s Impact on D2C Brands 8 Jan 2024, indianretailer.com In the swiftly transforming digital commerce landscape, the growth of Direct-to-Consumer (D2C) brands has been nothing short of meteoric, reshaping the dynamics of the Retail Industry…
- New Experimental Bar ’11:11′ Debuts in Mumbai 8 Jan 2024, restaurant.indianretailer.com The brand specializes in a fusion of Continental fare with Indian influences, the menu at 11:11 showcases selections like Mangalorean ghee roast and Indian-Chinese fusion, alongside international delights such as Sushi, Baos, and an array of global dishes..
- Arvind Rao To Head Brigade Group’s Commercial Business 6 Jan 2024, rprealtyplus.com Brigade Group has announced the appointment of Arvind Rao as Vice President to head the Commercial business, with the responsibility to drive growth and profitability in asset management, revenues, and operations. He has over 17 years of experience in the office space segment, having represented developers and tenants as a consultant…
- Indian Construction Sector Likely To Grow 8.5-9% 6 Jan 2024, rprealtyplus.com Amid the upcoming general elections, the rating agency Icra in a report has projected the Indian construction industry to grow at 8.5 to 9 per cent in FY2024, driven by the government’s robust infrastructure agenda…
- Macrotech Developers’ sale bookings up 12% to Rs 3,410 crore in Q3 FY24 6 Jan 2024, realty.economictimes.indiatimes.com In a regulatory filing, Macrotech Developers informed that the company has achieved its best ever third quarter pre-sales performance…
- Sobha’s sales bookings up 37% to Rs 1,952 crore in Q3 FY24 6 Jan 2024, realty.economictimes.indiatimes.com The average price realization improved to Rs 11,732 per square feet during the third quarter of this fiscal year, from Rs 9,653 per square feet in the year-ago period…
- Titan Q3 Update: Company sees 22% revenue growth on strong all-round show 6 Jan 2024, retail.economictimes.indiatimes.com Titan added a total of 90 stores during the quarter, taking the group’s total presence to 2,949 stores. At the end of the September quarter, Titan had 2,859 stores…
- Urban markets staying steady and rural markets offering little to cheer during Oct-Dec quarter – Marico 6 Jan 2024, retail.economictimes.indiatimes.com Marico’s international business delivered mid-single digit constant currency growth amidst transient macro headwinds in the Bangladesh market, while the rest of the geographies held strong. With a degree of pricing corrections in key domestic portfolios yet to anniversarize and significant currency depreciation in select overseas geographies, consolidated revenue declined in low single digits on a year-on-year basis…
- iD Fresh Food appoints Rajat Diwaker as India CEO; PC Musthafa assumes Global CEO role 6 Jan 2024, retail.economictimes.indiatimes.com As part of the new global structure, the company will appoint dedicated Business Heads and CEOs for each International market and also enter new markets, including Singapore and Australia, in 2024…
- Godrej Consumer says reported volume growth continues to be double digit in December quarter 6 Jan 2024, retail.economictimes.indiatimes.com Godrej Consumer Products reported double-digit volume growth in India for the quarter ending December 31, 2023, with the operating environment remaining similar to the second quarter. The company’s organic business delivered steady underlying volume growth of mid-single digit, with growth across both Home Care and Personal Care. The recently acquired Raymond Consumer Care brands, Park Avenue and KamaSutra, continue to perform well and are on track to achieve full-year ambition…
- D2C investors expect funding and deal activities to be on the upswing in 2024 6 Jan 2024, retail.economictimes.indiatimes.com Direct-to-consumer (D2C) investors expect that conscious fashion & apparel, travel & lifestyle, and home & decor categories are ripe for disruption. The expenditure in such categories is not only expected to rise in 2024 but is also projected to become a dominant trend throughout this decade. Also, D2C is believed to have completely transitioned to being omnichannel…
- Govt rolls out mandatory quality norms for electrical accessories 6 Jan 2024, retail.economictimes.indiatimes.com Under this order, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. The order will come into force from six months of the date of publication of the notification, DPIIT said…
- ONDC crosses record 5.5 million transactions in December 6 Jan 2024, retail.economictimes.indiatimes.com Of the 5.5 million transactions made via ONDC in December, 3.4 million (63%) were in the mobility category while two million (37%) were in the retail category…
- Myntra names Flipkart VP Govindraj its chief HR officer 6 Jan 2024, retail.economictimes.indiatimes.com Govindraj, currently vice president-HR at Flipkart, will replace Nupur Nagpal, who is exiting Myntra. Myntra chief executive Nandita Sinha announced the appointment in an email sent to the company’s employees. ET has seen the email and confirmed the matter with Myntra’s spokesperson…
- Toys to account for significant portion in Walmart’s $10 bn exports target from India: Offiical 6 Jan 2024, retail.economictimes.indiatimes.com In December 2020, Walmart committed to triple its exports of goods from India to $10 billion each year by 2027, providing a significant boost to micro, small and medium-sized enterprises (MSMEs) here…
- Urban markets drive Q3 growth for FMCG Inc as rural demand lags 6 Jan 2024, retail.economictimes.indiatimes.com The maker of Saffola and Parachute oil brands also said constraints on liquidity and profitability in the general trade (GT) channel remained an overhang, while alternative channels continued to fare well. It has initiated significant steps towards improving the return on investments of its general trade partners and structurally re-igniting growth including a primary stock correction…
- ‘Metros drive consumption in H1, rural and semi-urban areas closing in’ 6 Jan 2024, retail.economictimes.indiatimes.com Metro cities had grown the fastest from Q2 of last fiscal to Q1 of FY24. The aviation sector saw the highest growth of 29.7%, along with the hospitality sector at 12.8% in Q2 of FY24, reflecting an increased demand for travel, said the report. These travels may have been triggered by events such as the World Cup…
- Clensta eyes global markets; aims to generate 10% revenue from overseas sales 6 Jan 2024, retail.economictimes.indiatimes.com Currently, the brand has launched its products in Malaysia, US and Saudi Arabia and is aiming to foray into Nepal, Bangladesh, UAE and Gulf cooperation council (GCC)…
- India to remain growth market for iPhones, say analysts 6 Jan 2024, retail.economictimes.indiatimes.com The brokerage cut Apple’s price target by $15, to $205, and downgraded its view on the stock to “neutral” from “overweight”, commenting that growth rates have peaked for unit sales of iPhones. On Tuesday, Barclays downgraded the Apple stock to “underweight”, which is equivalent to a “sell” rating…
- Smartphones see a muted ’23, this year may be better 6 Jan 2024, livemint.com India’s smartphone market cooled for a second straight year in 2023, analysts polled by said, even as they expect the year ahead to be better than the last. Smartphone volumes at 144-145 million units in 2023 remained unchanged from the previous year or were slightly less, four telecom analysts polled by…
- Mumbai Goes 24×7 – A List Of Restaurants, Malls & Venues Open All Night 6 Jan 2024, homegrown.co.in Mumbai regained its freedom to remain awake and busy with commercial establishments allowed to function 24*7 from midnight of January 26-27, after nearly three decades…
- Mumbai & Other Cities Witness Mall Boom As Retail Space Supply In India Surges Over 72% In 1 Year 6 Jan 2024, retail.economictimes.indiatimes.com Experts say by 2027, new supply of retail chains is expected to rise by 43 per cent across Delhi NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad…
- KALKI Charts Global Expansion While Strengthening Retail Footprint in India 6 Jan 2024, indianretailer.com KALKI, with an extensive retail space exceeding 35,000 square feet across key Indian markets like Surat, Ahmedabad, Delhi, Bangalore, and Mumbai, sets its sights on a transformative phase of global expansion and heightened domestic presence…
- Luxury Soars: 18 pc Boost in New Year Spending Signals Potential Business Upswing 6 Jan 2024, indianretailer.com As we usher in the New Year, Axis My India’s latest insights from the India Consumer Sentiment Index (CSI) shed light on the evolving consumer behaviors and spending trends that define the nation’s economic landscape. The report unveils a spectrum of optimistic findings…
- Swiss Beauty Makes India’s First-Ever Holographic Eyeliner Debut 6 Jan 2024, indianretailer.com In tune with the recent eye makeup craze, Swiss Beauty, India’s most popular cosmetic brand, has introduced the first-ever Holographic Eyeliner range in India for makeup lovers this New Year…
- The Body Shop Achieves Milestone as First Global Beauty Brand with 100 pc Vegan Formulations 6 Jan 2024, indianretailer.com The Body Shop, the pioneering British-born ethical beauty brand announces a significant milestone: it has become the world’s first global beauty brand to achieve 100 percent vegan product formulations across all ranges including skincare, body care, hair care, makeup, and fragrance…
- Myntra Bolsters ‘Platform of Choice’ Status with 50+ Global Powerhouse Brands Joining its Portfolio in 2023 6 Jan 2024, indianretailer.com 2023 saw Myntra on board over 50 sought-after international brands, enabling its trend-first shoppers access to some of the most in-demand brands from across the globe…
- Honasa Consumer Unveils India’s Inaugural Multi-Brand Outlet 6 Jan 2024, indianretailer.com Beauty and personal care house of brands Honasa Consumer Pvt. Ltd has launched its first multi-brand outlet pan India at Seasons Mall, Pune, Maharashtra, a mall official wrote on social media on Monday…
- Blaupunkt Unveils SBA01 Krisp Dolby Soundbar 6 Jan 2024, retail.economictimes.indiatimes.com Blaupunkt, the German audio brand, has introduced its latest masterpiece, the SBA01 Krisp Dolby Soundbar, heralding a significant leap forward in audio technology…
- Noida: I-T department searches Bhutani Infra, Group 108, Logix Group premises 5 Jan 2024, realty.economictimes.indiatimes.com The premises of realty groups like Bhutani Infra, Group 108, Logix and some other companies were raided by the tax department, they said…
- Noel Tata-led Trent charts expansion plan riding private label-only model 5 Jan 2024, retail.economictimes.indiatimes.com The company’s revenues climbed substantially over the past five years, to ₹8,242 crore in FY23 from ₹2,157 crore in FY18. Concurrently, the net profit surged nearly five-fold to ₹394 crore. The stock has sparkled, too. Last year, Trent more than doubled in value, outpacing the 20% returns for the Nifty50. Over a two-year span, the stock nearly tripled, while the Nifty climbed 27% in the period…
- FMCG companies and food services chains head to Ayodhya 5 Jan 2024, retail.economictimes.indiatimes.com Expecting an 8-10-fold surge in tourism and floating (visiting) population of the city, FMCG companies and food services chains are heading towards Ayodhya ahead of the Ram temple consecration on January 22. Data by the UP Tourism Department shows that while 325,000 tourists visited Ayodhya in 2021, the number surged to 23.9 million the following year…
- Top global apparel brands and retailers doubled sales in India over the past two years 5 Jan 2024, retail.economictimes.indiatimes.com Swedish fashion retailer H&M and rival Zara reported a 40% increase in its topline while Japanese brand Uniqlo saw a 60% jump in sales. American denim maker Levi Strauss and British brand Marks & Spencer posted a 54% increase, latest filings with the Registrar of Companies showed. Dubai-based department store Lifestyle International, too, saw a 46% jump in revenues on a large base…
- Mid-to-high single-digit revenue growth expected in Q3, says Dabur in Q3 update 5 Jan 2024, retail.economictimes.indiatimes.com The maker of Real juice, Hommade condiments and chyawanprash noted in a filing to the stock exchanges that its foods and beverages segment would lead growth in the quarter, usually the best performer in the October-December quarter due to the festive season and its juices portfolio. Dabur said the third quarter has been better than expectations, also driven by its acquired Badshah masala franchise and its international business…
- Sugar Cosmetics turned profitable in December; looking at 2-3 years’ timeline for IPO: Vineeta Singh 5 Jan 2024, retail.economictimes.indiatimes.com Vineeta Singh says: “A few months back, we launched with Kareena a brand called Quench which is a skincare brand. So colour cosmetics is a Rs 10,000-crore market where Sugar plays and now Quench which is a skincare brand in partnership with Kareena Kapoor Khan is going to play in the Rs 25000 crore skincare market and that opens up opportunities to grow.”…
- Wedding season fails to add shine to gold demand 5 Jan 2024, retail.economictimes.indiatimes.com Some jewellers said they are now pushing studded jewellery where the margins are up to 3x higher than plain gold jewellery…
- JD Sports’ profit warning wipes shine off shares 5 Jan 2024, retail.economictimes.indiatimes.com JD, which sells Nike, Adidas and other sports fashion ranges, now expects profit before tax and adjusted items of 915-935 million pounds ($1.16-1.19 billion) for the year ending Feb. 3…
- UK clothing retailer Next ups profit outlook again on strong Christmas 5 Jan 2024, retail.economictimes.indiatimes.com The group also gave guidance for its 2024/25 year, forecasting a rise in full-price sales up 2.5%, total group sales up 6.0% and profit up 5% to 960 million pounds…
- Leveraging AI in dairy and beverage manufacturing to ensure product quality: Sanjay Singal, COO, Dairy & Beverages, ITC Foods 5 Jan 2024, retail.economictimes.indiatimes.com Sanjay Singal says digital technologies, including AI-powered sensors and machine learning algorithms, can help monitor and maintain product quality…
- Rural demand for packaged goods remains weak in December quarter 5 Jan 2024, retail.economictimes.indiatimes.com Packaged consumer goods such as soaps, detergents, and snacks saw tepid demand in rural India in the December quarter, triggering concerns over FMCG sales volumes, according to industry analysts…
- Desi cocktail bars go beyond Pina Coladas to serve up a heady mix 5 Jan 2024, retail.economictimes.indiatimes.com India’s pub and bar scene is undergoing significant growth, with niche cocktail bar concepts emerging in smaller towns. Delhi’s Sidecar has seen a 60% increase in revenues between 2021 and 2023, while profits have risen by 35-45%. The market is also seeing a rise in niche concepts in Jaipur, such as the Native Cocktail Room, which ranked number one in Bar Wars 2023 and featured in the 50 Best Bars India list…
- Consumer discretionary categories barring jewellery, travel staring at moderating growth 5 Jan 2024, retail.economictimes.indiatimes.com Despite a promising start to the festive season, most sectors, excluding jewellery and travel, seem to have hit the snooze button, as per a report released by HDFC Securities…
- What’s new at Ambience Malls: the city’s hottest shopping destinations! 5 Jan 2024, retail.economictimes.indiatimes.com While the city indulges in some New Year cheer in full style with parties, celebrations and get-togethers ringing in, most of us are busy getting hold of looks and styles to rock this gala season! Wouldn’t you just want to rock that little black dress or a shimmery number with a beret and some boots this winter, ladies? or just that perfect blazer with a turtleneck to add that oomph, gentlemen? Do not get flustered as Ambience malls in Gurugram and Vasant Kunj are here with a wide array of brands to please all our needs!…
- Why bigger and more shopping malls are coming up in top cities 5 Jan 2024, economictimes.indiatimes.com Even as e-commerce has become a buzzword in the retail industry lately and companies are focusing on online channels, physical retail still thrives in big cities where customers are supposed to be more connected and thus supposedly more inclined to …
- KALKI Charts Global Expansion While Strengthening Retail Footprint in India 5 Jan 2024, indianretailer.com KALKI, with an extensive retail space exceeding 35,000 square feet across key Indian markets like Surat, Ahmedabad, Delhi, Bangalore, and Mumbai, sets its sights on a transformative phase of global expansion and heightened domestic presence…
- MiniKlub Elevates Kidswear Retail with Flagship Store Launch in Bhopal 5 Jan 2024, indianretailer.com MiniKlub, a prominent kidswear brand, celebrates the inauguration of its flagship store in Bhopal, marking a significant stride in establishing itself as India’s premier destination for high-quality and stylish children’s fashion…
- Michael Kors Introduces the Tribeca Shoulder Bag 5 Jan 2024, indianretailer.com Inspired by the iconic New York City neighborhood, Michael Kors introduces the Tribeca shoulder bag—a testament to its downtown chic. Crafted from supple, quilted leather and adorned with a polished, push-lock fastening, the bag exudes a luxe sensibility…
- From Threads to Trends: Benetton’s Colorful Legacy in India’s Retail Revolution 5 Jan 2024, indianretailer.com Legacy brands often suffer from fatigue syndrome, especially in today’s dynamic retail universe that changes with the whims and fancies of the Gen Z. However, one brand has dared to improvise rather than conform — Benetton…
- Addble Solutions Joins ONDC as a Seller Network Participant 5 Jan 2024, indianretailer.com In a significant move, Addble Solutions Private Limited, a leading cloud-based omni-channel commerce platform based in Imphal, has officially gone live on the Open Network for Digital Commerce (ONDC) as a Seller Network Participant…
- Invesco Boosts Swiggy’s Valuation to $8.3B in US Investment 5 Jan 2024, restaurant.indianretailer.com In FY23, Swiggy incurred losses totaling about $545 million, marking an 80% surge from approximately $300 million in FY22…
- Zoca Diner Unveils in Karol Bagh 5 Jan 2024, restaurant.indianretailer.com The menu have options like Vegetable Flautas, Makhni Momos, Creamy Pasta, and Blueberry Bubble Tea and many more…
- TGI Friday’s closes 36 stores, sells more to Former CEO Ray Blanchette 5 Jan 2024, restaurant.indianretailer.com According to the reports, the price paid by Blanchette for the eight Fridays stores was not revealed. All of the units are in the Northeast, according to the chain…
- Miniso Forges Global Partnership with Care Bears, Unveils Diverse-Themed Product Line 5 Jan 2024, indianretailer.com Retail giant Miniso has revealed a new global partnership with Care Bears, set to bring forth an extensive product line featuring the beloved characters…
- Clay Craft India Forges Strategic Retail Alliances with Leading Brand 5 Jan 2024, retail.economictimes.indiatimes.com Clay Craft India Private Limited, the premier manufacturer of ceramic tableware products in India, has unveiled significant retail collaborations with prominent brands such as Home Centre, Myntra, D Mart, Nykaa, AJIO, and others…
- Clay Craft India Forges Strategic Retail Alliances with Leading Brand 5 Jan 2024, retail.economictimes.indiatimes.com Clay Craft India Private Limited, the premier manufacturer of ceramic tableware products in India, has unveiled significant retail collaborations with prominent brands such as Home Centre, Myntra, D Mart, Nykaa, AJIO, and others…
- Embassy REIT approves raising of debt up to Rs 2,000 crore 4 Jan 2024, retail.economictimes.indiatimes.com The proceeds from the issuance of the instruments will be utilized for the repayment of Embassy REIT’s existing debt…
- Sugar Cosmetics FY23 revenue jumps 89% to Rs 420 crore, net loss stays flat 4 Jan 2024, retail.economictimes.indiatimes.com Mumbai-based Sugar Cosmetics’ total expenses rose 68% on year to Rs 505 crore in FY23, primarily due to higher spending for purchases of stock-in-trade. During the year under review, it expanded its offline presence significantly…
- Fashion platform Myntra’s FY23 revenue grows 25% to Rs 4,375 crore, loss widens 4 Jan 2024, retail.economictimes.indiatimes.com Myntra’s total expenses in FY23 rose to Rs 5,290 crore. The fashion etailer spent Rs 1,758 crore in advertising and promotional expenses, up 35% from a year ago, the biggest single contributor to its total expenses…
- Motorola brings on board TM Narasimhan to oversee India business 4 Jan 2024, retail.economictimes.indiatimes.com Motorola Mobility India has appointed TM Narasimhan as managing director of Mobile Business Group – India, focusing on the Indian smartphone market and aiming to be among the top three brands. Narasimhan will report to Prashanth Mani, who will continue to lead Motorola’s Asia Pacific business. With experience in sales operations, business planning, and P&L management, Narasimhan is confident in leading the India team and elevating the business to greater success…
- Govt relaxes certain quality control order norms for AC industry 4 Jan 2024, retail.economictimes.indiatimes.com According to a government notification, Hermetic Compressors of more than 7000 W (2 TR) capacity have been removed from the order for one year for the manufacturers of air conditioning and refrigeration equipment and related parts…
- Consumption in organised retail to grow at 9.3% in H1 FY24, says CMS Info Systems 4 Jan 2024, retail.economictimes.indiatimes.com “From a demographic perspective, Metro cities which had grown the fastest from Q2-FY23 to Q1-FY24, were outpaced in H1 FY24 by SURU (semi-urban and rural), which saw the fastest consumption growth of 9.2% YoY, triggered by improved discretionary spending and demonstrating tailwinds in the rural economy,” said CMS…
- Cloud kitchen startup Curefoods reports fourfold jump in FY23 revenue, loss widens 4 Jan 2024, retail.economictimes.indiatimes.com The startup that runs brands like EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle posts a loss of Rs 342 crore on operating revenue of Rs 382 crore..
- VRO Hospitality raises $10 million in bridge round to aid expansion plans 4 Jan 2024, retail.economictimes.indiatimes.com The company, which closed its last fiscal at Rs 170 crore, is planning to close this fiscal with Rs 350 crore in revenue…
- Fewer phones, more FMCG items flying off ecommerce shelves 4 Jan 2024, retail.economictimes.indiatimes.com Consumers are moving back to brick-and-mortar stores to buy expensive items such as smartphones and televisions. However, the opposite is observed in the case of FMCG products. For fast-moving consumer goods (FMCG), companies like ITC, Emami, Marico, Parle Products and Dabur have reported a growth of 3-5% percentage points in e-commerce contribution in the last one-two years, driven largely by quick commerce…
- SaaS platform Kiko Live launches on ONDC, to activate 50,000 retailers in next six months 4 Jan 2024, retail.economictimes.indiatimes.com Backed by early-stage investors, including 9 Unicorns, Venture Catalysts, SOSV, and GSF, Kiko aims to to tap into a broader customer base, providing an expanded choice for the buyers…
- Impresario expects to cross ₹700 crore EBIDTA; double digit margins 4 Jan 2024, retail.economictimes.indiatimes.com Impresario will cross the ₹700 crore mark for corporate EBIDTA in FY24, expecting a double digit growth in margins, Riyaaz Amlani, MD of Impresario Entertainment and Hospitality Pvt Ltd, told businessline…
- D2C ayurveda brand Kapiva’s revenue doubles to Rs 114 crore in FY23 4 Jan 2024, retail.economictimes.indiatimes.com Kapiva reported Rs 114-crore revenue from operations for FY23, nearly double from Rs 59 crore in FY22, according to its regulatory filings with the Registrar of Companies (RoC). However, the company also saw its net loss widen to Rs 64 crore in FY23 from Rs 48 crore in the previous year…
- Nomura sees rural demand gathering steam in 2024 4 Jan 2024, retail.economictimes.indiatimes.com The global investment banking firm noted that even though growth is expected to slow down in the coming fiscal to 5.6% from 6.7% projected in FY24, mass consumption may rise as easing price pressures support mass consumption…
- 32 more shops, commercial establishments in Delhi can now remain open 24/7 4 Jan 2024, retail.economictimes.indiatimes.com So far 667 shops and commercial establishments have been allowed to operate 24/7 in Delhi. The government’s objective behind this is to create more job opportunities and boost overall economic development in Delhi, the statement said…
- Xiaomi lists premiumisation, AIoT, omnichannel push as India priorities 4 Jan 2024, retail.economictimes.indiatimes.com In 2024, India smartphone market will grow in single-digit percentage, largely driven by 5G, says Xiaomi India chief Muralikrishnan…
- What’s new at Ambience Malls: City’s hottest shopping destinations! 4 Jan 2024, timesofindia.indiatimes.com While the city indulges in some new year cheer in full style with parties, celebrations and get-togethers ringing in, most of us are busy getting hold of looks and styles to rock this gala season! Wouldn’t we just wanna rock that little black dress or a shimmery number with a beret and some boots this winters, ladies? or just that perfect blazer with a turtleneck to add that oomph, gentlemen? Do not get in a fluster as…
- The story of organising retail 4 Jan 2024, business-standard.com Almost 10 years ago, traders had their moment when they gathered at Delhi’s Siri Fort Auditorium. It was a full house on February 27, 2014, just weeks before the general election…
- KENT’s Multi-purpose Zoom Plus Vacuum Cleaner Elevates Home Maintenance Standards 4 Jan 2024, indianretailer.com KENT, a trailblazer in the RO Water purifier industry and a leader in innovative home appliances, unveils its latest groundbreaking product, the Multi-purpose Zoom Plus Vacuum Cleaner…
- ITC Sunfeast Farmlite Unveils 100 pc Paper Packaging for Digestive Biscuits 4 Jan 2024, indianretailer.com ITC Sunfeast Farmlite, the renowned range of wholesome biscuits from ITC Foods, has unveiled its latest offering – the Sunfeast Farmlite Digestive Biscuit Family Pack, featuring a groundbreaking 100 percent outer paper bag packaging…
- Crafting Success in Rural Retail: MoRD Joins Forces with JioMart for India’s Artisans 4 Jan 2024, indianretailer.com In a groundbreaking move towards uplifting rural artisans, the Ministry of Rural Development (MoRD) recently inked a Memorandum of Understanding (MoU) with Reliance Retail’s JioMart…
- Trends Shaping Retail Consumption in 2023 4 Jan 2024, indianretailer.com CMS Info Systems has unveiled key insights into the organized retail segment’s consumption trends during the first half of FY24…
- Haldiram’s Nagpur Debuts Chocolate ‘Cocobay’ for Discerning Tastes 4 Jan 2024, indianretailer.com Haldiram’s Nagpur, recognized as India’s top sweets and snacks brand, has ventured into the premium chocolate retail market during the festive season with the launch of ‘Cocobay.’..
- From Swiggy to Ola Electric, Brands Plan to Raise Rs 1 Lakh Crore via IPO in 2024 4 Jan 2024, indianretailer.com Indian companies are optimistic about a positive market growth in 2024, aiming to raise over Rs 1 lakh crore through Initial Public Offerings (IPOs), which is double the previous year’s Rs 2000 crore. There are several large-sized IPOs in the pipeline…
- ColourPop Cosmetics Debuts in Indian Beauty Retail Through Exclusive Nykaa Partnership 4 Jan 2024, retail.economictimes.indiatimes.com Get ready for a splash of vibrant hues as ColourPop Cosmetics, the renowned California-based cruelty-free brand, makes its highly anticipated entry into the Indian beauty scene, exclusively on Nykaa…
- Clay Craft India Forges Strategic Retail Alliances with Leading Brand 4 Jan 2024, indianretailer.com Clay Craft India Private Limited, the premier manufacturer of ceramic tableware products in India, has unveiled significant retail collaborations with prominent brands such as Home Centre, Myntra, D Mart, Nykaa, AJIO, and others…
- UBON PB-X105 Wireless Power Bank Debuts in Indian Market 4 Jan 2024, indianretailer.com UBON, a pioneer in innovative mobile accessories in India, is excited to introduce its latest offering, the UBON PB-X105 Magnetic Wireless Power Bank…
- HyugaLife Secures $1 mn Funding to Reinforce Retail Presence in India 4 Jan 2024, indianretailer.com In a strategic move aimed at propelling its growth trajectory, health and wellness platform HyugaLife has successfully raised $1 million in funding from existing and new investors, including strategic debt financing from renowned partners Stride Ventures and Getvantage…
- How Kirana Club is Transforming India’s FMCG Landscape, Empowering Local Stores 4 Jan 2024, irecwire.com Anshul Gupta, the visionary Founder & CEO, embarked on a mission to transform the landscape for Kirana stores, creating a platform that bridges the information gap and fosters lasting partnerships…
- Radiohead Brands Secures 12Cr, Closes 35Cr Pre-Series A Round 4 Jan 2024, restaurant.indianretailer.com The company’s goal is to achieve a revenue run-rate of 100 crore by the next year, with a broader ambition of becoming a 1000 crore revenue enterprise within the decade…
- Abhiram Menon Appointed General Manager at Hilton Bangalore Embassy Golflinks 4 Jan 2024, restaurant.indianretailer.com Abhiram employs a three-step method, focusing on achieving commercial goals while prioritizing guest satisfaction. His leadership lies in precise operational management, maintaining a continuous drive for advancement…
- Goa Single Window Clearance For Real Estate Investors 3 Jan 2024, rprealtyplus.com The Goa government amended its policies to simplify the processes for investors by providing single-window clearance for land allotment and construction to attract industries to the state…
- Radhakishan Damani picks up 1.44% stake in VST Industries via bulk deal 3 Jan 2024, retail.economictimes.indiatimes.com Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%…
- Zomato hikes platform fee it charges users by 33% in key markets 3 Jan 2024, retail.economictimes.indiatimes.com The listed company started charging a flat platform fee in August 2023. Initially Rs 2 per order, it was subsequently increased to Rs 3 in most of its major markets…
- ETGIRS: What’s Next For Malls | Harshvardhan Bansal, co-founder, Unity Group 3 Jan 2024, retail.economictimes.indiatimes.com Unity Group’s co-founder on navigating the evolving role of malls in India…
- Flipkart cofounder Binny Bansal launches OppDoor, an ecommerce startup focussed on online brands 3 Jan 2024, retail.economictimes.indiatimes.com For OppDoor, Bansal, who exited Flipkart fully last year by selling his remaining stake to Walmart, has onboarded former Flipkart executives for the venture, people aware of the matter said…
- DMart’s Q3 standalone revenue rises 17.2 pc to Rs 13,247 crore 3 Jan 2024, retail.economictimes.indiatimes.com “Standalone Revenue from operations for the quarter ended (QE) December 31, 2023 stood at Rs 13,247.33 crores,” said Avenue Supermarts in a regulatory filing…
- NIVEA India appoints Geetika Mehta as MD 3 Jan 2024, retail.economictimes.indiatimes.com Before Nivea, Mehta served as Hershey India MD and has worked with Hindustan Unilever for 18 years…
- Hershey names Luigi Mirri as India head 3 Jan 2024, retail.economictimes.indiatimes.com Luigi Mirri takes over as general manager for India operations, while retaining responsibility for APAC…
- Fashion’s sales season plastics problem isn’t about packaging 3 Jan 2024, retail.economictimes.indiatimes.com In a world where more than half of clothes are made from cheap polyester, the disposable plastics you wear are a far bigger problem than the bags they’ve been delivered in…
- Zomato’s ‘war room’ to take on New Year’s Eve surge stirs work culture debate online 3 Jan 2024, retail.economictimes.indiatimes.com Deepinder Goyal, cofounder and chief executive of Zomato, on Sunday shared images from the company’s ‘war room’ showing employees huddled in conference rooms, to take on heightened demand on account of New Year’s Eve…
- FMCG will continue to grow but there will be a shift from mass to niche brands: Anand Ramanathan, Deloitte India 3 Jan 2024, retail.economictimes.indiatimes.com Anand Ramanathan says: “Overall the market looks good, particularly rural India and hence as demand strengthens, some of these pressures of inflation will soften. Also, 60-70% of an FMCG brand’s cost comes from the cost of raw material and therefore, inflation and geopolitics and commodity prices, etc, have impact on pricing which many a times they are not able to pass on to the consumer.” …
- Weak rural demand set to hit consumer goods sales in Q3 3 Jan 2024, retail.economictimes.indiatimes.com Rural demand for daily household products and groceries has been challenging in villages, potentially impacting the overall consumer goods sector’s volume growth…
- Feminine hygiene penetration still lower than 30% in India: Pee Safe 3 Jan 2024, retail.economictimes.indiatimes.com Originally launched a decade ago with just one product, a toilet seat sanitizer by Vikas Bagaria, and Srijana Bagaria (husband-wife duo) out of a personal incident, Pee Safe has evolved into a personal hygiene and fast-moving consumer goods (FMCG) brand. In the past six years, the company has diversified its product range to include personal hygiene categories, addressing the needs of girls from puberty to menopause…
- Wearables firm Ultrahuman says revenue growing 20% on month 3 Jan 2024, retail.economictimes.indiatimes.com Ultrahuman is targeting over $50 million annual run rate by March, says CEO Mohit Kumar…
- Mumbai Marvels: Unveiling the Top 10 Biggest Malls, Where Tradition Meets Trendsetting 3 Jan 2024, businessoutreach.in Mumbai, renowned for its cosmopolitan ambiance, attracts individuals from across India who proudly identify as ‘Mumbaikars…
- India’s Malls Forecasted to Expand by 116-118 Million Square Feet by 2025 3 Jan 2024, indianretailer.com The post-pandemic era has ushered in a remarkable transformation in the shopping landscape, with a discernible shift driven by the youth’s renewed affinity for malls…
- Balenzia Unveils New Store at Kolkata Airport 3 Jan 2024, indianretailer.com Balenzia, India’s pioneering sock brand, has opened its newest outlet at the Netaji Subhas Chandra Bose International Airport in Kolkata…
- Arrow Launches New Identity Stores 3 Jan 2024, indianretailer.com Arrow, a brand synonymous with timeless fashion, is proud to announce the launch of its new identity stores, redefining the shopping experience for its valued customers…
- Liberty Shoes Unveils Comfort-Driven Festive Collection for Effortless Elegance 3 Jan 2024, indianretailer.com Liberty Shoes introduces a diverse and thoughtful holiday collection that aims to transcend the boundaries of footwear, focusing on both style and comfort…
- Portronics Introduces 3-in-1 Wireless Charger with a Digital Alarm Clock 3 Jan 2024, indianretailer.com Portronics, a renowned brand for portable gadgets in India, has introduced Bella, a versatile 3-in-1 Wireless Charger tailored for Qi-enabled smartphones, TWS earphones, and smartwatches…
- Senco Gold & Diamonds Reveals Wedding Collection 3 Jan 2024, retail.economictimes.indiatimes.com Senco Gold & Diamonds, a prominent jewelry retailer, has unveiled its enchanting Wedding Collection for the upcoming season…
- Cornitos Introduces New Packaging for Crusties 3 Jan 2024, indianretailer.com Cornitos, a made-in-India snack brand, has just unveiled a captivating packing to its timeless favorite Crusties. This pack comes wrapped in innovative packaging featuring the mascot…
- Innovate, Adorn, Transcend with BlueStone 3 Jan 2024, indianretailer.com In 2011, Gaurav Singh Kushwaha embarked on a journey that would redefine the landscape of jewelry shopping in India…
- Spain’s Tendam Forges Alliance with Myntra to Expand Presence in India’s Fashion Landscape 3 Jan 2024, indianretailer.com Tendam, one of Europe’s leading Omni-channel specialist fashion groups, has announced a strategic collaboration with Myntra, one of India’s leading platforms for fashion, beauty, and lifestyle, to enter and expand in India, one of the world’s fastest-growing markets…
- The Retail Empire Built on Value, Vision, and a Dash of Damani Magic 3 Jan 2024, indianretailer.com DMart, the name that conjures images of overflowing grocery baskets and happy shoppers in India, is more than just a supermarket chain. It’s a retail revolution spearheaded by the enigmatic billionaire, Radhakishan Damani…
- Navigating the E-Commerce Landscape: A Year in Review and the Road Ahead 3 Jan 2024, indianretailer.com As we bid farewell to the transformative year that was 2023, the Indian e-commerce landscape emerges as a tapestry woven with threads of innovation, adaptability, and resonance with evolving consumer dynamics…
- E-Commerce’s Ascendance: Transforming Supply Chains in the Digital Age 3 Jan 2024, indianretailer.com In the dynamic landscape of commerce, the surge of e-commerce is reshaping how businesses operate and consumers shop. McKinsey & Company reports significant e-commerce growth, surpassing traditional retail…
- Nao Spirits Launches “Pipa – Rum de Goa”, A Spiced Rum from Goa 3 Jan 2024, restaurant.indianretailer.com Launched exclusively in the Goa market, Pipa stands as a testament to Nao Spirits’ commitment to quality and heritage…
- Roastery Coffee House Enters Finland; Becomes India’s First Coffee Brand to Set Shop in the European Continent 3 Jan 2024, restaurant.indianretailer.com The expansion plans are already in motion and began with a stellar 3-day coffee pop-up event in Helsinki on the 15th, 16th, and 17th of December 2023, held at ISO Roobertinkatu 30…
- Institutional Investments In Indian Real Estate Rise 10% YoY 2 Jan 2024, rprealtyplus.com Institutional investments in Indian real estate sector maintained a steady momentum at USD5.4 billion, rising 10% YoY during 2023. The year witnessed highest levels of investment inflows since 2020 showcasing India’s resilience despite uncertainties in global markets otherwise, says Colliers India report. ..
- PepsiCo widens search for new executive to head its India business 2 Jan 2024, retail.economictimes.indiatimes.com Earlier, PepsiCo India’s current senior vice president and general manager, beverages, George Kovoor, was believed to be taking over the top role to succeed Ahmed ElSheikh. The developments follow PepsiCo’s current president ElSheikh, who is expected to move to a global role within the company this year, making way for the leadership transition…
- More startups India-bound, map ‘reverse flip’ 2 Jan 2024, retail.economictimes.indiatimes.com Pine Labs and Udaan are the latest to plan shifting their holding companies to India with an eye on the long term. They join several other well-funded and highly valued startups that are moving their overseas holding companies to India — or ‘reverse flipping’ ahead of listings…
- As India gallops, so will FMCG industry: Sanjiv Puri, ITC CMD 2 Jan 2024, retail.economictimes.indiatimes.com The market size of the FMCG segment by 2030 is estimated at over `21 trillion. Experts indicate that consumption rises at a much faster pace when per capita incomes cross $4,000, as is expected in India by 2030. There is today an increasing consumer preference for trusted brands, convenience, offerings in health and wellness as well as premium products. In 2024, a rising Bharat with unbounded aspirations, the massification of digital access and democratisation of premiumisation will further broaden opportunities for the FMCG sector…
- Printing ‘date of manufacturing’, ‘unit sale price’ on packaged items becomes mandatory from January 1 2 Jan 2024, retail.economictimes.indiatimes.com Now, companies have been mandated to print only the ‘date of manufacturing’, along with the ‘unit sale price’, as per the latest notification issued by the Consumer Affairs Ministry. Printing the date of manufacturing will help consumers know how old the packaged item is and help them make conscious purchase decisions. Similarly, the printing of unit sale price will make it easy for consumers to ascertain the cost in unit terms…
- Asian Paints gets GST demand notice of Rs 13.83 crore 2 Jan 2024, retail.economictimes.indiatimes.com The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in a regulatory filing. “The company has a strong case based on merits and will be filing rectification and/or appeal against the said order within the prescribed timelines,” it added. Asian Paints further said it has discharged applicable taxes on the outward supplies made by the company and has also fulfilled all the conditions prescribed for availing of the ITC…
- Zepto on track for $1 billion run rate in annual sales value 2 Jan 2024, financialexpress.com Quick commerce unicorn Zepto is on track to reach a $1 billion run rate in annualised sales value within the next couple of quarters, its co-founder and chief executive officer Aadit Palicha said in a LinkedIn post…
- Gin maker Nao Spirits forays into premium rum biz 2 Jan 2024, livemint.com Gin-maker Nao Spirits and Beverages Pvt. Ltd has forayed into premium rums with Pipa-Rum de Goa…
- Over 4.8 lakh biryanis ordered on Swiggy during new year’s eve 2 Jan 2024, retail.economictimes.indiatimes.com Over 4.8 lakh biryanis were ordered on Swiggy during new year’s eve celebrations with a peak of 1,244 units of the dish being ordered every minute, sources employed with the food delivery platform said on Monday. While close to one in every four biryani orders were placed in Hyderabad, Swiggy Instamart — the platform for ordering groceries and home essentials — did 1.6x more orders per minute in comparison to the previous record high witnessed during the 2023 Cricket World Cup final on November 19…
- Karnataka: State-owned MSIL sets new record in liquor sales on New Year eve 2 Jan 2024, retail.economictimes.indiatimes.com Among the districts, Bengaluru Urban topped the list with sales touching Rs.1.82 crore. On the same day in the previous year, the district had sold liquor worth Rs.1.35 crore…
- GST collections up 10% YoY at Rs 1.64 lakh crore in Dec 2 Jan 2024, retail.economictimes.indiatimes.com Experts said the double-digit growth in collections reflected the underlying economic momentum and the monthly moderation was attributable to holidays and the base effect…
- A Glance at India’s Retail Renaissance in 2023 2 Jan 2024, retail.economictimes.indiatimes.com After overcoming pandemic-era challenges which broke the back of physical retail, the sector bounced back in 2022, showing remarkable resilience. We’re seeing a major shift this year, with soaring sales, tech innovations, global partnerships, and strategic investments that are reshaping the landscape. With nearly 60 new shopping malls, encompassing over 23 million sq. ft of retail space, set to open by 2025, this growth will continue in a robust fashion…
- Redefining Retail Realm: India’s Journey Through 2023 & Emerging Horizons In 2024 2 Jan 2024, businessworld.in Kumar Rajagopalan, CEO of Retailers Association of India (RAI), shares his views on 2023’s retail metamorphosis and a glimpse into India’s evolving shopping landscape in 2024..
- A Look Back at the Empowering Entrepreneurial Women of 2023 2 Jan 2024, indianretailer.com On World Entrepreneurs Day 2023, women entrepreneurs take the spotlight as they share their remarkable journeys, challenges, and visions for the future…
- E-Commerce’s Ascendance: Transforming Supply Chains in the Digital Age 2 Jan 2024, indianretailer.com In the dynamic landscape of commerce, the surge of e-commerce is reshaping how businesses operate and consumers shop. McKinsey & Company reports significant e-commerce growth, surpassing traditional retail…
- Green Restaurants: Transforming Dining with Sustainable Urban Farming 2 Jan 2024, indianretailer.com The Indian restaurant industry is undergoing a significant green revolution, focusing on sustainability and environmental consciousness…
- Retail sector set for 10-13% growth in 2024 on luxury, value purchases, demand uptick 1 Jan 2024, retail.economictimes.indiatimes.com The space has bright spots such as robust GDP growth, tech-driven transformation, continued festive season impact, higher rural consumption as well as favourable demographics with a rising middle class and a young population having more disposable income…
- When FMCG giants pushed on with a cartful of troubles 1 Jan 2024, retail.economictimes.indiatimes.com Overall sales of apparel and electronic products have been languishing for over a year now, while those of mass-segment electronic products have been low since the pandemic outbreak. According to researcher GfK, there was a slight pick-up in mass segment during Diwali…
- Quick-commerce, food-delivery firms log order surge on New Year’s Eve 1 Jan 2024, retail.economictimes.indiatimes.com Quick-commerce firms Blinkit, Swiggy Instamart and Zepto said their order count on Sunday surpassed the total orders on December 31, 2022. While Zomato-owned Blinkit and Instamart said the numbers surpassed the year-earlier count by early evening, Zepto claimed it exceeded that by the afternoon itself…
- Thoda achhe wala dikhao: The year Indian shoppers went premium 1 Jan 2024, retail.economictimes.indiatimes.com In 2023, India witnessed a shift in consumer demand, as sales of low-priced goods declined while luxury items surged, marking a notable trend. Companies adapted by targeting affluent consumers to offset reduced sales and declining margins, highlighting a clear split in consumer preferences towards premium products amid market challenges…
- Predictions for 2024: Hear this! Wearables are poised for a boom time 1 Jan 2024, retail.economictimes.indiatimes.com India’s electronics manufacturing saw a 24% surge in 2023, generating $18 billion in revenue. The hearables and wearables industry, driven by domestic adoption, is expected to see robust growth in 2024. With AI advancements and wearables becoming essential health companions, Indian brands are gaining popularity. The industry is expected to reach $8 billion by 2025-26, with immense export potential…
- Snapdeal’s FY23 consolidated loss narrows to Rs 282 crore 1 Jan 2024, retail.economictimes.indiatimes.com The company’s loss-reduction measures also led to revenue decreasing to Rs 388 crore in FY23 from Rs 564 crore in FY22…
- Dark Patterns and its impact in the digital world 1 Jan 2024, retail.economictimes.indiatimes.com Amid a rise in online shopping and an increase in the number of internet users, deceptive strategies have been potentially used by certain e-commerce players to intentionally manipulate or mislead users. These unethical strategies are designed to lead to exploiting cognitive and behavioral biases. For instance, e-commerce websites try to gain more sales through hidden costs, retrieve consumer personal data intrusively, increase attention time through addictive practices, among others…
- Apparel retail sector is likely to face another quarter of slowdown: Report 1 Jan 2024, retail.economictimes.indiatimes.com This is primarily due to the lower footfall during the peak season, impact of world cup during weekends and late onset of winter season. As a result, most brands have kicked-off end of season sale offering upto 65% discount, 2 weeks early in December 2023 against normal one month EOSS window in January…
- Predictions for 2024: Discovering the ‘real’ joys of craftsmanship, says fashion designer Sabyasachi Mukherjee 1 Jan 2024, retail.economictimes.indiatimes.com Homegrown gourmet pizza makers, which have emerged as challengers to global brands, are looking to win over palates by giving serious attention to ingredients. For some, it’s the dough that’s the trade secret; for others, the toppings or crust, tomatoes or cheese. None of them wants to give away too much, wary about revealing their competitive edge…
- Unilever’s shift to power brands puts focus on India 1 Jan 2024, financialexpress.com The company’s strategy to streamline its product portfolio, supply chain and sustainability has implications for India, which is the firm’s second-largest market after the US…
- Consumer majors soup up millet strategies to seed sales 1 Jan 2024, retail.economictimes.indiatimes.com Companies had ventured into the market following the government’s nudge on increasing millet consumption. Sales, however, have been sluggish due to the consumer perception that these products are not tasty and are priced high, apart from the difficulty in adding millets as ingredients in existing items – as it changes flavour – and low shelf life…
- A Glance at India’s Retail Renaissance in 2023 1 Jan 2024, retail.economictimes.indiatimes.com After overcoming pandemic-era challenges which broke the back of physical retail, the sector bounced back in 2022, showing remarkable resilience. We’re seeing a major shift this year, with soaring sales, tech innovations, global partnerships, and strategic investments that are reshaping the landscape…
- India to remain fastest-growing major economy in 2024 1 Jan 2024, retail.economictimes.indiatimes.com India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter…
- With more local value additions, electronics manufacturing sector to be worth $115 bn in 2024 1 Jan 2024, retail.economictimes.indiatimes.com Year 2024 is expected to see robust growth in India’s electronics manufacturing sector which is set to grow 15 per cent. According to data shared by the government, domestic electronics manufacturing increased over four-fold to Rs 8.22 lakh crore or USD 102 billion in the last 10 years from Rs 1,80,454 crore (USD 29.8 billion) in FY14…
- Biggest Mall in India, List of Top-10 1 Jan 2024, currentaffairs.com Lulu International Shopping Mall, located in Kochi, Kerala, holds the title of biggest mall in India. Check the list of top-10 largest malls in India…
SCAI Industry Buzz: 06 March 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉
SCAI Industry Buzz: 27 Feb 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉
SCAI Industry Buzz: 22 Feb 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉
SCAI Industry Buzz: 18 Feb 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉
SCAI Industry Buzz: 14 Feb 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉
SCAI Industry Buzz: 06 Feb 2026 edition is live!
Stay updated with the latest industry trends & news.
Check here 👉