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  • 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
    ​​T​​he 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