ONLINE NEWS

• NBCC & MTNL To Jointly Develop 13.88-Acre Land In New Delhi
  16 September 2024, rprealtyplus.com
  NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have signed a memorandum of understanding (MoU) to jointly develop a 13.88-acre land parcel on Pankha Road, New Delhi…
• Qcomm data may turn key input for new GDP maths
  16 September 2024, retail.economictimes.indiatimes.com
  The government is considering using data from quick commerce platforms like Zepto, Blinkit, Instamart, and BigBasket to understand consumption patterns and economic activity. Quick commerce now accounts for 5-6% of household grocery spending and is growing rapidly. The Ministry of Statistics plans to revise the base year for national accounts to 2022-23 or 2023-24…
• Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
  16 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability…
• India audio device market witnesses remarkable growth, hits Rs 5,000 cr offline sales: GFK
  16 September 2024, retail.economictimes.indiatimes.com
  The Indian audio devices market is witnessing significant growth, with offline retail sales reaching Rs 5,000 crore in June 2024. This surge is driven by a 61% YoY volume growth in the Personal Audio segment and increasing demand for high-quality audio products. True Wireless Headsets and mini/Bluetooth speakers are particularly popular among Gen Z consumers…
• Jim Beam maker’s growth sobers up as competition intensifies
  16 September 2024, retail.economictimes.indiatimes.com
  Beam Global, the maker of Teacher’s and Hibiki, experienced a slowdown in sales growth in 2023-24 due to increased competition in the premium liquor segment. Sales rose by 12% to ₹1,304 crore, while net losses increased to ₹329.3 crore. The company is focusing on long-term strategic investments and brand portfolio enhancement…
• Blinkit, Zepto pilot returns, exchanges to ace fashion ecommerce
  16 September 2024, retail.economictimes.indiatimes.com
  Quick commerce is spreading its wings to include consumer electronics, lifestyle, and fashion in its scope. The main players in the space are looking to address one of the biggest pain points of online fashion shopping—returns and exchanges…
• Reliance expands trading area by 50% for non-food & general merchandise chasing higher margins
  16 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail, India’s largest retailer, is expanding its non-food and general merchandise trading area by 50% in grocery stores to boost margins. This move supports its hyper-local e-commerce platform Jiomart. The company aims to double its business in the next 3-4 years and is focusing on premium segments as disposable incomes rise…
• Lulu Group roped in to promote Indian organic products globally
  16 September 2024, retail.economictimes.indiatimes.com
  APEDA will support these efforts by facilitating connections between organic growers in India including Farmer Producer Organizations (FPOs), Farmer Producer Companies (FPCs) and cooperatives, and the LuLu Group…
• Rapido talks to Zepto for quick-commerce delivery
  16 September 2024, retail.economictimes.indiatimes.com
  Ride-hailing startup Rapido, which turned unicorn recently, is in talks with quick commerce startup Zepto and grocers Pincode and KPN to foray into the quick commerce delivery business, sources told TOI…
• Water purifier maker Livpure eyes 10 lakh subscriptions in 4 years
  16 September 2024, retail.economictimes.indiatimes.com
  Livpure aims to secure over 10 lakh subscriptions for its water-as-a-service model in the next four years, enhancing access to clean water across India. The company targets a turnover of Rs 900 crore this fiscal year, reflecting a growth of up to 60 percent from the previous year…
• Looking Back, Looking At The Present And The Next
  16 September 2024, indianretailer.com
  A report by PwC India states that Seismic changes and shifting consumer behavior have redefined the Indian retail and consumer (R&C) sector in the past few years. The sector is estimated to exceed $2 trillion in the next decade, growing at a long term CAGR of 1.5X to 2X of real GDP growth…
• HeyDude Footwear Now Available in India, Partners with Metro Brands
  16 September 2024, indianretailer.com
  American footwear brand HeyDude has officially launched in India through a strategic partnership with Mumbai-based footwear retailer Metro Brands Ltd. (MBL)…
• Zara Opens Its 24th Retail Store in India at Bengaluru’s Phoenix Mall of Asia
  16 September 2024, indianretailer.com
  Global fashion giant Zara, owned by Inditex, has unveiled its 24th retail store in India at the Phoenix Mall of Asia in Bengaluru. Spanning over 36,000 sq. ft., the new store occupies the first floor of the mall and introduces several cutting-edge features aimed at enhancing customer experience…
• Agilitas Sports Secures Strategic Investment from Spring Marketing Capital
  16 September 2024, indianretailer.com
  Bengaluru-based athleisure sportswear start-up Agilitas Sports has announced a strategic investment from Spring Marketing Capital, though the exact amount remains undisclosed…
• FREYAA Partners with TAJ Group to Launch Exclusive Couture Collection
  16 September 2024, indianretailer.com
  FREYAA, a leading fashion brand known for its versatility and innovation, has announced a prestigious collaboration with the distinguished TAJ Group of Hotels…
• Patiala house court discharges Ambience Group’s promoter in PMLA case
  16 September 2024, retail.economictimes.indiatimes.com
  This case involved loans granted by a consortium of banks for the construction of the Ambience Hotel in Shahdara, Delhi. The Enforcement Directorate (ED) had accused Gehlot of money laundering linked to these loans. ..
• High streets will be a big part of Runwal’s upcoming mixed-used developments: Sanya Runwal, director – Retail
  16 September 2024, indiaretailing.com
  When travelling on the Eastern Express Highway in Mumbai it’s hard to miss the gigantic hoardings by Runwal, Mumbai Metropolitan Region’s leading real estate player enticing people to book a home at many of its upcoming projects…
• Over one-third of grocery products listed on a major e-commerce platform have information discrepancies: Study
  16 September 2024, indiaretailing.com
  As many as 34.83% of grocery products (approximately 1,000 products) listed on a major e-commerce platform have incomplete or inaccurate information, according to a study by health and retail tech platform Natfirst…
• Final CCI order on Amazon & Flipkart likely by November
  14 September 2024, retail.economictimes.indiatimes.com
  The Competition Commission of India is expected to issue final orders by November on its investigation into Amazon and Flipkart’s alleged anti-competitive practices. The probe has found that both companies extended preferential treatment to select sellers, distorting competition across various product categories. The final decision will follow deliberations on the findings and responses from the parties involved…
• Kalpataru Projects International Ltd Bags Rs 2,774 Cr Orders
  14 September 2024, rprealtyplus.com
  Kalpataru Projects International Limited (KPIL) on Thursday said it has bagged orders worth Rs 2,774 crore. The orders are for the Transmission & Distribution (T&D) business in foreign markets followed by the…
• Sushma Group Buys 59-Acre Land for Mix-Use Project In Ludhiana
  14 September 2024, rprealtyplus.com
  Sushma Group has acquired a 59-acre land parcel in a prime location. The strategic acquisition will see the development of a mixed-use project, comprising residential, industrial, and commercial plots, aimed at bolstering Ludhiana’s real estate landscape…
• Dixon Technologies to manufacture notebooks for Asus under PLI 2.0
  14 September 2024, retail.economictimes.indiatimes.com
  Electronics contract manufacturer Dixon Technologies will be manufacturing notebooks for Taiwanese company Asus under the Production-linked incentive 2.0 scheme, the company said in an exchange filing…
• FSSAI starts special drive to check adulteration during festive season
  14 September 2024, retail.economictimes.indiatimes.com
  The Food Safety and Standards Authority of India (FSSAI) has launched a special drive to ensure the safety and quality of food items during the festive season. Food Safety Officers and Designated Officers are instructed to maintain strict surveillance over sweets, savouries, and dairy products to prevent adulteration practices that could harm consumers’ health…
• Vegas Mall in Delhi saw max average footfall during April-June among top 25 shopping malls, says report
  14 September 2024, retail.economictimes.indiatimes.com
  GeoIQ’s report reveals that Vegas Mall in Delhi saw the highest average daily footfall during April-June, followed by V3S East Centre Mall and Phoenix Marketcity in Mumbai. The data is based on anonymised geolocation from mobile devices. GeoIQ aims to enhance offline retail insights using location data and machine learning…
• Non-metro cities leading in orders on e-commerce platforms in India: Report
  14 September 2024, retail.economictimes.indiatimes.com
  Non-metro cities are leading the pack in India when it comes to growth in orders on e-commerce platforms, with at least 60 per cent of online orders coming from tier 2 cities and smaller towns, a report showed on Friday…
• Tax remission benefits extended to e-commerce exports
  14 September 2024, financialexpress.com
  To boost exports through e-commerce, the government on Friday extended the tax remission benefits available to other exporters for shipments made by courier…
• Titan to expand Helios portfolio by adding 10 new international watch brands in 12-18 months
  14 September 2024, retail.economictimes.indiatimes.com
  Titan Company plans to expand its Helios format by introducing 10 new international watch brands and adding 50 more stores within the next fiscal year. The company expects a substantial revenue increase from these initiatives, forecasting a 45% growth in sales during the upcoming festival season…
• Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal
  14 September 2024, retail.economictimes.indiatimes.com
  Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers…
• Government raises import tax on edible oils
  14 September 2024, moneycontrol.com
  India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s biggest edible oil importer tries to support local oilseed farmers…
• ASUS India Expands Retail Presence with New Store in Chennai
  14 September 2024, indianretailer.com
  ASUS India, the Taiwanese technology company, has expanded its retail presence in India with the opening of a new exclusive store in Chennai. Spanning 220 sq. ft., this new location will showcase a comprehensive range…
• Starbucks Opens Jangchung Lounge R, a Reserve-Only Store in Seoul
  14 September 2024, indianretailer.com
  Starbucks Korea opened its latest store, Jangchung Lounge R, in Jung-gu, Seoul, on September 12. This new store is the first Reserve-only location in the city and marks Starbucks’ 10th destination store, coinciding with the 10th anniversary of Starbucks Reserve coffee in Korea…
• Tasva Opens Store in Kolkata as Part of its Expansion in India
  14 September 2024, indianretailer.com
  Tasva, the wedding and occasion wear brand for modern Indian men, has launched its flagship store in Kolkata. Located on Elgin Road and covering 2,400 square feet, this new store further strengthens Tasva’s position in India’s..
• Top 5 Herbal Cigarette Brands in India: A Safer Smoking Alternative
  14 September 2024, indianretailer.com
  With health becoming a major concern for smokers, many are turning to herbal cigarettes as a natural alternative. Free from nicotine and harmful chemicals, these cigarettes are made using a variety of herbs,…
• Best Toy Brands in India: From Classic Toys to AR Innovation
  14 September 2024, indianretailer.com
  From educational and interactive toys to classic favorites, there’s something to spark imagination and foster development. To do so these best toy brands in India are making significant changes…
• India’s $21 Bn Beauty & Personal Care Market Poised for 11 pc Growth in 5 Yrs
  14 September 2024, indianretailer.com
  India’s beauty industry, now the world’s fourth-largest, is undergoing a significant transformation, driven by rapid changes in consumer preferences, the rise of digital platforms, and technological advancements…
• The Original Bed Co. Brings Bespoke Sleeping Solutions to India
  14 September 2024, indianretailer.com
  The Original Bed Co. (TOBC), a UK-based brand known for its customizable and high-quality beds, is expanding into the Indian retail market. With a focus on personalized craftsmanship, the company aims to meet the growing demand for bespoke beds in Indian homes…
• Kalyan Jewellers Opens Revamped Showroom on MG Road in Indore
  14 September 2024, indianretailer.com
  Kalyan Jewellers, one of India’s largest jewellery retailers, has launched its newly redesigned showroom on MG Road in Indore. This revamped location, part of Kalyan’s ongoing retail expansion in India, was inaugurated by Bollywood star Ranbir Kapoor…
• Britannia Industries Launches AI-Powered Recipe Platform in India
  14 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
• Real Estate Developers Urge GST Framework Overhaul For Real Estate
  13 September 2024, rprealtyplus.com
  CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has called for a comprehensive review of the Goods and Services Tax (GST) framework affecting the real estate sector…
• Quick commerce war expands into battle for leadership talent
  13 September 2024, retail.economictimes.indiatimes.com
  Poaching is rampant and Rs 2-3 crore salaries plus millions in stocks are on offer for top talent as the likes of Swiggy Instamart, Zepto, Blinkit and Flipkart focus on beefing up their leadership teams in the face of intensifying competition, recruiters and industry folks said…
• Personal audio product sales rise amid new-found passion for podcasts, audio series
  13 September 2024, retail.economictimes.indiatimes.com
  Indians’ growing interest in podcasts and audio series has driven sales of personal audio products like headsets and Bluetooth speakers, despite a slowdown in the electronics industry. The market for personal audio devices has seen significant growth, with true wireless headsets and neckbands leading the segment. Rising disposable incomes and affordable device options are contributing to this trend…
• Growel Group introduces pet food brand Carniwel, to invest Rs 100 crore over next 3 years
  13 September 2024, retail.economictimes.indiatimes.com
  Currently, the brand has launched 42 SKUs and plans to expand it to up to 98 SKUs by this fiscal year’s end…
• Paytm aims for profitability with ‘compliance-first’ approach: Vijay Shekhar Sharma at AGM
  13 September 2024, retail.economictimes.indiatimes.com
  Paytm founder Vijay Shekhar Sharma announced at the company’s 24th annual general meeting that they aim to achieve profitability soon. The company will strictly adhere to regulatory guidelines and adopt a compliance-first approach. Paytm plans to expand its merchant network and build cross-sell capabilities around financial services like loans, mutual funds, and insurance products…
• Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores
  13 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
• Half of respondents plan higher spend online during festive season: Survey
  13 September 2024, retail.economictimes.indiatimes.com
  “Nearly 50 per cent of respondents who intend to shop online, stated they would spend more on online festive shopping compared to last year. This trend cuts across metros (55 per cent) and tier-2 cities (43 per cent in cities with 10-40 lakh population),” the report said…
• Zara to offer its secondhand clothes service in US by October
  13 September 2024, retail.economictimes.indiatimes.com
  Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday…
• Fabindia collaborates with MoMSME to promote products of artisans
  13 September 2024, retail.economictimes.indiatimes.com
  Fabindia has partnered with the Ministry of Micro, Small, and Medium Enterprises under the PM Vishwakarma Scheme to support traditional Indian artisans. The collaboration aims to promote artisan products, provide financial support, skill development, and marketing assistance, enhancing their market reach through Fabindia’s retail network…
• FSSAI asks States to maintain strict vigil ahead of the festival season
  13 September 2024, thehindubusinessline.com
  Directs state food safety commissioners and regional directors to ramp up enforcement and surveillance drives for sweets, savouries and milk-related products including khoya and paneer…
• McDonald’s extends $5 deal through December to keep customers coming
  13 September 2024, retail.economictimes.indiatimes.com
  McDonald’s introduced the deal in June after a disappointing first quarter that saw fewer U.S. visits and lower spending per order, particularly from customers earning less than $45,000 per year. The $5 Meal Deal includes a McDouble burger or McChicken sandwich, small fries, a four-piece Chicken McNuggets and a small drink…
• Retail inflation rises a tad to 3.65% in August; factory output increases
  13 September 2024, retail.economictimes.indiatimes.com
  Retail inflation in India rose slightly to 3.65% in August, driven by higher food prices, but remained below the Reserve Bank of India’s target. Industrial output increased by 4.8% in July, supported by growth in manufacturing and capital goods. Experts warn of potential risks from weather conditions affecting food inflation…
• Zara Opens New 36,000-Square-Foot Store at Phoenix Mall of Asia in Bengaluru
  13 September 2024, indianretailer.com
  Zara has unveiled its latest store at Phoenix Mall of Asia in Bengaluru, marking the brand’s 24th store in India. The new retail space spans over 36,000 square feet, located on the mall’s first floor…
• 10 Best White Wine Brands in India: A Comprehensive Guide
  13 September 2024, indianretailer.com
  White wine is becoming increasingly popular in India as more people discover its refreshing taste and versatility in pairing with Indian cuisine. Whether you’re an experienced wine enthusiast or just beginning to explore, this…
• Britannia Industries Launches AI-Powered Recipe Platform in India
  13 September 2024, indianretailer.com
  Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
• Fabindia Partners with Government to Promote Artisan Crafts Across India
  13 September 2024, indianretailer.com
  Fabindia, a leading lifestyle brand in India, has entered into a strategic collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) under the Government of India’s PM Vishwakarma Scheme, launched on September 17, 2023…
• Best Diwali Gifting Ideas for Employees: Delight Your Team with Thoughtful Gifts
  13 September 2024, indianretailer.com
  Diwali, the festival of lights, is a time for celebration, joy, and togetherness. It’s also a great chance for employers to appreciate their employees with thoughtful gifts. However, selecting the perfect Diwali gift can be tough, especially when working with a budget…
• Archies Expands into Quick Commerce and Global Markets
  13 September 2024, indianretailer.com
  Archies, a well-established name in the social expression industry for decades, is navigating a significant transition as it adapts to the evolving retail landscape in India…
• Diageo India and BharatCares Launch WASH Projects in Meghalaya Schools
  13 September 2024, indianretailer.com
  Diageo India (United Spirits Ltd.), in collaboration with BharatCares, has initiated Water, Sanitation, and Hygiene (WASH) projects in two schools in Meghalaya—Seng Khasi Upper Primary School in Mawlai Khasi Hills and Soso Tham Memorial School in Lawsohtun…
• NEWME Sets New Standard in Fast Fashion with 90 Minutes Delivery
  13 September 2024, indianretailer.com
  NEWME, a notable name in the fast fashion sector in India, has announced a significant advancement with the launch of its 90-minute delivery service. This move positions NEWME as the first and only brand in the fast…
• Brigade Group’s Buzzworks Forays In Hyderabad
  12 September 2024, rprealtyplus.com
  Brigade Group has announced the launch of its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City…
• India outpaces China, becomes 2nd-biggest market for Pernod Ricard amid premium push, says CEO
  12 September 2024, retail.economictimes.indiatimes.com
  India has surpassed China to become the second-largest market by sales for French distiller Pernod Ricard, driven by a growing affluent population and higher sales of premium brands. The company controls a significant share of India’s whiskey market and continues to invest in expanding its presence in the country…
• Metavisio-Thomson India to buy into New Shop after $150 million distribution deal
  12 September 2024, retail.economictimes.indiatimes.com
  Metavisio-Thomson’s India unit is acquiring a minority stake in New Shop, a convenience retail chain. The deal, valued at $125-$150 million, involves setting up 120 flagship stores in two and three-tier markets. New Shop is also acquiring the 24Seven grocery chain from Godfrey Phillips. The partnership aims to expand their product portfolio and presence across India…
• Relaxo enters Morocco market; eyes double-digit growth for next 5 years
  12 September 2024, retail.economictimes.indiatimes.com
  Currently, exports contribute 5 per cent to Relaxo’s overall business. The company eyeing double-digit growth for the next 5 years…
• Purplle clocks 43% rise in FY24 revenue to Rs 680 crore, trims loss by 46%
  12 September 2024, retail.economictimes.indiatimes.com
  Purplle’s consolidated net loss narrowed by 46% to Rs 124 crore from Rs 230 crore a year ago. Total expenses grew to Rs 850 crore in FY24 from Rs 738 crore a year earlier. A significant amount of the expenditure was attributed to employee benefit expenses which rose to Rs 191 crore from Rs 170 crore…
• Consumer staples suppliers see stable prices this festive season
  12 September 2024, retail.economictimes.indiatimes.com
  Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement…
• Former Trai chief RS Sharma becomes ONDC chairperson
  12 September 2024, retail.economictimes.indiatimes.com
  RS Sharma, former TRAI chief and NHA CEO, has been appointed as the non-executive chairperson of the Open Network for Digital Commerce (ONDC). The ONDC aims to digitize the value chain and promote open networks. Sharma’s extensive experience in IT and administrative reforms is expected to boost open commerce between entities…
• 60% consumers plan to boost online shopping budgets this festive season: Meesho survey
  12 September 2024, retail.economictimes.indiatimes.com
  In terms of sellers, the report said that 65 per cent of sellers are preparing for the festive season by launching new products, while others are adding new categories and investing in seller ads…
• Zara owner Inditex’s strong autumn sales offset first-half growth slowdown
  12 September 2024, retail.economictimes.indiatimes.com
  Fashion retailer reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts’ forecasts of tougher times for fashion retailers in Europe, partly due to wetter-than-expected weather in early summer…
• ‘Rural is becoming accretive to FMCG growth in recent months’, says Ritesh Tiwari, CFO, HUL
  12 September 2024, financialexpress.com
  Hindustan Unilever’s (HUL’s) chief financial officer (CFO) Ritesh Tiwari believes that categories such as beauty, foods & health and wellbeing as well as rural markets will drive growth for players in the domestic fast-moving consumer goods (FMCG) industry going ahead…
• LuLu Hypermarket to come up in three metro stations
  12 September 2024, retail.economictimes.indiatimes.com
  The Hypermarkets are coming up at a time when metrorail’s daily average ridership has touched three lakhs for the first time since the metro train services commenced in the city in June 2015. But the average daily patronage is still only 39% of the initial estimated ridership. With the opening of the Hypermarkets, CMRL expects more people to use metro trains for shopping…
• McDonald’s rolls out kiosks that take cash, pushing diners away from cashiers
  12 September 2024, retail.economictimes.indiatimes.com
  McDonald’s is advancing towards a future with minimal human cashiers by introducing new digital ordering stations in the US. These stations, which can handle cash transactions and provide change, aim to reduce reliance on cashiers. Although human workers will remain in roles like food delivery and customer service, the new setup encourages customers to use kiosks or mobile apps, thus speeding up service and improving accuracy…
• See beyond the numbers, grow beyond limits with PerceptInsight
  12 September 2024, retail.economictimes.indiatimes.com
  Imagine you are addressing a meeting to delve into stagnating, or worse, declining monthly repeat rates. An eager team member suggests re-launching the marketing campaign, citing past success in reviving dormant users…
• Limited Edt Strengthens Presence in Asia with Entry Into Indian Market
  12 September 2024, indianretailer.com
  The streetwear and sneaker culture has seen remarkable growth globally, and India is no exception. With the fashion industry increasingly focusing on comfort and convenience, this trend has gained significant traction in the Indian retail market…
• New Balance Expands Retail Footprint in India with Jalandhar Store Opening
  12 September 2024, indianretailer.com
  New Balance, known for its high-quality craftsmanship and comfort, continues its retail expansion in India with the launch of its first store in Jalandhar, located in the bustling Model Town Market…
• Mila Beauté Enhances Retail Strategy with New VP Shailendra Gaur
  12 September 2024, indianretailer.com
  Mila Beauté, an Indian beauty brand with a global outlook, has announced the appointment of Shailendra Gaur as its new Vice President of Retail. In his new role, Shailendra will lead the brand’s retail growth and oversee…
• Discover Top 7 Luxury Chocolates Brands in India: Savor the Finest
  12 September 2024, indianretailer.com
  Let’s all admit that it’s hard to say no to luxury chocolate. Not only do kids like them, but so do the elderly. Did you know that chocolate may also improve our mood? Chocolates have the ability to increase serotonin production…
• Fruit of the Loom Partners with Bradford License India in the Indian Market
  12 September 2024, indianretailer.com
  Fruit of the Loom, the iconic American apparel brand, has partnered with Bradford License India to bring its unique blend of affordable quality, comfort, and style to Indian consumers through strategic licensing partnerships…
• Karnataka Prepares for Invest Karnataka 2025 with Focus on Inclusive Growth
  12 September 2024, indianretailer.com
  Karnataka is gearing up for its next big investment event, Invest Karnataka Summit 2025 (Global Investors Meet 2025), aimed at driving growth in India’s industrial and retail sectors…
• Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores
  12 September 2024, indianretailer.com
  Bengaluru’s very own Origin, India’s first-ever fresh produce brand, has officially launched, promising lightning-fast delivery of over 250 varieties of fruits, veggies, herbs, and exotic produce — all within just 12 hours of harvest!…
• Bhakti Modi takes charge as CEO of Reliance Retail’s omni-channel beauty platform Tira
  11 September 2024, retail.economictimes.indiatimes.com
  Bhakti Modi, daughter of Mukesh Ambani’s key associate Manoj Modi, has been handling strategy and execution as part of the leadership team at Reliance Retail as a cofounder since its official launch by Isha Ambani in April 2023. She was involved in strategy and new business initiatives for a while at Reliance Retail…
• Impresario expanding with tech-driven innovation, aims to open 100 outlets of SOCIAL in next 4-5 years
  11 September 2024, retail.economictimes.indiatimes.com
  Impresario Entertainment & Hospitality is expanding its presence in tier 2 and tier 3 cities with a tech-first approach. The company aims to grow its SOCIAL network to 100 outlets in the next 4-5 years, leveraging technology, cultural relevance, and resilience. It also plans to expand cloud kitchen models and delivery-only concepts to meet rising demand and cater to new-age tech-savvy consumers…
• Lulu Group aims to up agri sourcing from India to Rs 15,000 crore in two years, says CMD
  11 September 2024, retail.economictimes.indiatimes.com
  Lulu Group from the UAE plans to raise its Indian agricultural procurements to Rs 15,000 crore over the next two years. With a special focus on organic goods, the company aims for Rs 2,000 crore annually. Investments include a logistics hub in Noida and an almost complete food plant in Kashmir…
• 10-min food delivery to grab 20% of food-tech market, says Curefoods’ Ankit Nagori
  11 September 2024, retail.economictimes.indiatimes.com
  “I wouldn’t be surprised if 10-20% of the entire food-tech industry adopts the 10-minute model within the next 18 months. This could very well be the future of how we eat.”..
• GIRS: Unlock the next big wave of retail at 2nd edition of GIRS on Feb 20-21, 2025 in Mumbai
  11 September 2024, retail.economictimes.indiatimes.com
  The highlight of the 2-day GIRS summit will be 200+ speakers, 1000+ attendees, 50+ exhibitors, and 500+ brands. The agenda of GIRS 2025 (Great India Retail Summit) revolves around the theme ‘Retail Futurescape: Creating Tomorrow’s Possibilities’ providing endless opportunities to shape the future of retail. Unlock the next big wave of retail…
• Archies betting big on quick commerce platforms; plans global expansion
  11 September 2024, retail.economictimes.indiatimes.com
  Archies, a major player in gifts and greeting cards, aims to triple its sales to Rs 15-18 crore through quick-commerce platforms by this fiscal end. The company plans global expansion into the Middle East, UK, Canada, and Southeast Asia while also opening new stores in North India and boosting online presence…
• Barkha Singh on crafting her brand: Navigating content, celebrity endorsements, and entrepreneurship
  11 September 2024, retail.economictimes.indiatimes.com
  ​Singh’s journey in brand endorsements reflects the changing dynamics of media. “When I used to do television, the only choice I had was whether to do or not do the ad. Brands mostly relied on print and TV, and as an actor, it was about taking what came your way,” she explained. With the rise of digital platforms, that equation has shifted significantly…
• This Diwali, quick comm comes bearing gifts; platforms partner FMCG brands for special packs, offers, ads
  11 September 2024, retail.economictimes.indiatimes.com
  Quick commerce companies are collaborating with FMCG brands like Parle, Mondelez, and ITC for the festive season. They are aiming to boost inventory levels by 60% and offer special packs and promotions on chocolates, sweets, dry fruits, and cookies. The platforms are also partnering with consumer electronics companies for kitchen appliances and personal care products…
• Swiggy takes Instamart to 43 cities ahead of festive season
  11 September 2024, retail.economictimes.indiatimes.com
  “The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products-from everyday essentials to electronics delivered in just 10 minutes from both national and local brands,” said Amitesh Jha, chief executive officer of Swiggy Instamart…
• Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports
  11 September 2024, retail.economictimes.indiatimes.com
  “The open offer is being made by the acquirer along with the Person Acting in Concert (PACs) for acquisition of up to 60.99 lakhs shares, constituting 26% ol the equity share capital of the target company, at a price of Rs41 per share,” it said in a BSE filing…
• Retail, consumer CEOs see shorter tenures as boards act more quickly
  11 September 2024, retail.economictimes.indiatimes.com
  CEOs in retail and consumer goods sectors face shorter tenures as corporate boards act faster to replace them. Driven by increased investor activism and the need for rapid innovation, boards are making swift changes to signal improvement. The trend highlights a lack of patience at the board level, aiming for quick results…
• Rajnish Wellness to invest Rs 50 cr to open 33 new stores
  11 September 2024, retail.economictimes.indiatimes.com
  “Our company has ambitious plans to establish 33 shops which align with our vision of providing accessible and affordable healthcare solutions to people across India. These shops will operate on a much larger scale than traditional supermarkets, making them a valuable asset for our company in the years to come,” said Rajnish Kumar Singh, Promoter of Rajnish Wellness…
• Xiaomi India appoints former Motorola boss Sudhin Mathur as new COO
  11 September 2024, retail.economictimes.indiatimes.com
  Xiaomi India has appointed Sudhin Mathur, former Motorola India head, as chief operating officer as it marks a decade in the country. Mathur will play a key role in shaping and executing Xiaomi’s strategic vision to maintain growth momentum and achieve business goals, according to a company statement…
• Smartphone retailers request price parity to Apple, Samsung and other phone brands
  11 September 2024, retail.economictimes.indiatimes.com
  Mobile phone retail chains in South India have requested smartphone brands to maintain price parity between online and offline stores during the festive season. The South India Organised Retailers Association, representing 21 chains, emphasized that fair pricing would benefit brands, retailers, and customers alike by promoting fairness and enhancing the overall customer experience…
• Cobb Apparels Expands Retail Footprint with 600th Store Opening in Jammu
  11 September 2024, indianretailer.com
  Cobb Apparels, a leading garment retail brand and exporter, has reached a significant milestone with the opening of its 600th store in India. The new location, situated in Bari Brahmana, Jammu, marks the latest expansion in Cobb Apparels’ growing retail presence across the country…
• Reliance Retail and Delta Galil Forge Strategic Apparel Partnership in India
  11 September 2024, indianretailer.com
  Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
• Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs
  11 September 2024, indianretailer.com
  IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
• ONDC Appoints R.S. Sharma as Non-Executive Chairperson
  11 September 2024, indianretailer.com
  The Open Network for Digital Commerce (ONDC) has announced the appointment of Dr. R.S. Sharma as the Non-Executive Chairperson. This move is expected to accelerate the adoption and expansion of ONDC within the retail sector in India…
• Lykli Noida’s Rs 5,500 Crore Retail Wonderland: 9,000 Jobs and IKEA Magic!
  11 September 2024, indianretailer.com
  Noida’s skyline is about to change, and it’s not just another regular shopping centre. It’s Lykli, the second “meeting place” from Ingka Centres, part of the Ingka Group, which also owns IKEA…
• PN Gadgil Jewellers Secures Rs 330 Cr from Anchor Investors Ahead of IPO
  11 September 2024, indianretailer.com
  PN Gadgil Jewellers Ltd announced that it has successfully raised Rs 330 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription…
• Mohali Walk Elevates Entertainment with New PVR INOX 7-Screen Multiplex
  11 September 2024, indianretailer.com
  Mohali Walk, located in Sector 62, Mohali, has elevated the city’s entertainment landscape with the grand launch of PVR INOX’s state-of-the-art 7-screen multiplex…
• Phoenix Mall Celebrates Milestone Year with Zara Launch and Dining Hub
  11 September 2024, indianretailer.com
  Phoenix Mall of the Millennium is celebrating its first anniversary, highlighting a year of incredible success and rapid growth. Over the past year, the mall has grown to include 280 stores, with plans to expand to 300 by…
• boAt Expands Smartwatch Portfolio with Storm Call 3 Plus
  11 September 2024, indianretailer.com
  boAt, India’s leading audio and wearables brand and the world’s second-largest, introduces the Storm Call 3 Plus, a premium smartwatch designed to combine style with advanced technology…
• RENÉE Cosmetics Unveils ‘RENÉE Everyday’—A Skincare-Infused Makeup Collection
  11 September 2024, indianretailer.com
  RENÉE Cosmetics, a prominent name in India’s beauty and skincare industry, has launched its latest makeup collection, RENÉE Everyday. This innovative range merges skincare and beauty, offering a fresh, effortless look that complements daily self-care routines…
• Reliance in pact with Israeli apparel company Delta Galil
  10 September 2024, retail.economictimes.indiatimes.com
  Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta’s global brands to the Indian market, expanding Reliance’s already significant presence in the innerwear segment…
• Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs
  10 September 2024, retail.economictimes.indiatimes.com
  IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
• ETRetailCafe: Modi Enterprises’ Samir Krishan Modi on his mantras of success
  10 September 2024, retail.economictimes.indiatimes.com
  Samir Krishan Modi shares that nothing remains constant. He highlighted the importance of employees, innovation, and tech in redefining the success of the company…
• Footwear manufacturer Mochiko to double production capacity with Rs 300-400 cr investment
  10 September 2024, retail.economictimes.indiatimes.com
  Talking to ETRetail, Ganguly shared that the company is building a large facility for Mochiko in Noida which is expected to become operational in the next 2 months, followed by another production unit in South India in the next 6-8 months. Ganguly added that the company will invest Rs 300 – 400 crore in building these capacities…
• Carrefour teams up with Dubai’s Apparel Group to expand into India
  10 September 2024, retail.economictimes.indiatimes.com
  The partnership will be aimed at North India initially, with further expansion planned across the country and the first store openings expected in 2025, Carrefour said on Friday…
• As HUL reviews ice-cream biz, cos line up for a scoop
  10 September 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall’s and Magnum contribute about 3% to HUL’s annual sales of over ₹60,000 crore…
• iPhone 16 series to help Apple touch record 8% share in 2024 in India, say market trackers
  10 September 2024, retail.economictimes.indiatimes.com
  Apple has unveiled the iPhone 16 series at its Glowtime event, featuring Apple Intelligence for enhanced AI capabilities. The new models are expected to attract users upgrading from older versions. Despite unchanged prices, the launch is seen as crucial for Apple’s market share in India, particularly in the premium segment..
• Expect India to be among Amway’s top three global markets in five years: Country MD Rajneesh Chopra
  10 September 2024, retail.economictimes.indiatimes.com
  Amway aims to make India one of its top three global markets within five years, investing USD 4 million in four new R&D centers. The company plans to expand its customer base from 2 million to 5 million and develop products for Southeast Asia. Amway is committed to adhering to Indian laws and contributing to the Make in India initiative…
• Carlyle hires Ex-Bajaj Electricals CEO Anuj Poddar
  10 September 2024, retail.economictimes.indiatimes.com
  Carlyle has appointed Anuj Poddar, former CEO of Bajaj Electricals, as head of global portfolio solutions for Asia. Poddar will collaborate with Carlyle Asia’s investment advisory teams and leaders to drive transformational change and performance in portfolio companies. He will be based in Mumbai…
• India inflation likely held steady at five-year low of 3.50% in August: Reuters poll
  10 September 2024, retail.economictimes.indiatimes.com
  Indian consumer inflation probably held below the Reserve Bank of India’s 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year’s high base, a Reuters poll of economists found…
• Daewoo enters home appliances segment to expand share in Indian market
  10 September 2024, retail.economictimes.indiatimes.com
  “The small home appliance market in India is enormous, with room for everyone. Consumers have gradually shifted towards high-quality products that come with reliable after-sales services and warranties,” said H S Bhatia, Managing Director of Daewoo India…
• Jaypore Opens New Store in Guwahati, Showcasing Artisanal Craftsmanship
  10 September 2024, indianretailer.com
  Jaypore, a celebrated name in India’s artisanal and handcrafted retail space, has officially launched its newest store in Guwahati on GS Road. Known for curating an exquisite collection of artisanal apparel, home…
• Stove Kraft Unveils Multi-Functional Pigeon AirFusion Air-Fryer Rotisserie Oven
  10 September 2024, indianretailer.com
  Stove Kraft, a leader in home and kitchen solutions, has unveiled its latest innovation—the Pigeon AirFusion Air-Fryer Rotisserie Oven. This versatile appliance combines the functions of an air fryer, oven, toaster, and grill (OTG), with advanced rotisserie features, all packed into a compact and sleek design…
• Carrefour Re-enters Indian Retail Space in Collab with Apparel Group
  10 September 2024, indianretailer.com
  France’s largest supermarket operator, Carrefour, is making a return to the Indian retail market through a franchisee partnership with Dubai-based Apparel Group…
• Shoppers Stop Unveils Its Pujo Collection at South City Mall Fashion Show
  10 September 2024, indianretailer.com
  Shoppers Stop, India’s leading omnichannel destination for premium fashion, beauty, and gifting, launched its much-anticipated Pujo Collection in a spectacular fashion show at South City Mall, Kolkata…
• Lulu Mall Kozhikode Opens, Marks New Era of Modernization in Kerala
  10 September 2024, indianretailer.com
  UAE-based multinational conglomerate Lulu Group has officially opened its latest shopping destination in Kozhikode, marking a significant milestone in the region’s development…
• Acer’s Project DualPlay Sets New Standards for Gaming Laptop Design
  10 September 2024, indianretailer.com
  Acer has unveiled its latest concept, the Project DualPlay gaming laptop, during the next@acer global press conference in Berlin, Germany. Designed for the growing gaming community, this Predator series concept aims to…
• Jockey Targets Gen Z with Refreshed ‘Nothing Fits Better’ Campaign
  10 September 2024, indianretailer.com
  Page Industries, the exclusive licensee of JOCKEY International Inc continues to push the growth of Jockey’s men’s innerwear segment in India, with a renewed focus on younger audiences, particularly Gen Z…
• Philips Appoints Bharath Sesha as Managing Director for Indian Subcontinent
  10 September 2024, indianretailer.com
  Philips, a global leader in healthcare technology, announced on Monday that Bharath Sesha has been appointed as the Managing Director (MD) for the Indian subcontinent, effective from September 1, 2024…
• Nykaa Strengthens Leadership with Sukhleen Aneja as Business Head for Kay Beauty
  10 September 2024, indianretailer.com
  In a strategic move to bolster its celebrity beauty brand, Kay Beauty, India’s leading beauty and fashion retailer, Nykaa, has appointed Sukhleen Aneja, former CEO of Good Brands Co (part of the Good Glamm Group), as the new Senior Vice President and Business Head…
• Aurea Expands Portfolio with The Body Shop Acquisition
  10 September 2024, indianretailer.com
  Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has announced the completion of its acquisition of The Body Shop, a pioneering brand in ethical beauty. The acquisition reflects Auréa’s commitment to investing in purpose-led, differentiated brands, particularly in the Beauty, Wellness, and Longevity sectors…
• Evaluating the ROI of Experience Studios in the Retail Sector
  10 September 2024, indianretailer.com
  Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an…
• E-commerce and Jewelry: Navigating the Online Retail Landscape
  10 September 2024, indianretailer.com
  The retail industry has undergone a significant transformation with the rise of e-commerce, and the jewelry sector is no exception. In 2023, global e-commerce sales in the jewelry market reached approximately $250 billion, a figure expected to grow by 8 percent annually…
• Zepto Drives Ganesh Chaturthi Sales with a Surge in Festive Treats and Eco-Friendly Idols
  10 September 2024, indianretailer.com
  Zepto, India’s rapidly expanding consumer internet company, is reshaping how families across the country celebrate Ganesh Chaturthi. With a sharp rise in sales, the company has reported selling 1,500 ready-made modaks per hour, along with a steady 500 modak moulds per hour…
• Apple’s Reveals iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more Next-Level Tech for 2024
  10 September 2024, indianretailer.com
  Apple’s annual Glow event once again showcased the brand’s ability to blend cutting-edge technology with sleek design. CEO Tim Cook opened the event with a speech that celebrated Apple’s ongoing commitment to innovation, sustainability, and user-centric features…
• County Group Secures Development Rights Of 7.9-Acre In Gurugram
  09 September 2024, rprealtyplus.com
  Delhi-NCR-based County Group has secured development rights of a 7.9-acre land parcel in Gurugram for Rs 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited, according to documents accessed by CRE Matrix, a real estate analytics firm…
• Made-in-India iPhone 16 to become available globally within days of sales launch
  09 September 2024, retail.economictimes.indiatimes.com
  Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said…
• Snacking while binge-watching? OTTs, brands smell opportunity
  09 September 2024, retail.economictimes.indiatimes.com
  Snack brands are partnering with streaming platforms like Netflix, Amazon Prime Video, and Disney Hotstar to offer co-branded packs tailored for binge-watching. Brands such as 4700BC, KitKat, Cornitos, and Pringles are launching these products to target the growing number of OTT users in India…
• Tata Starbucks brewing innovation in a tea-drinking nation, expands with experiential store
  09 September 2024, retail.economictimes.indiatimes.com
  In an interaction with ETRetail, Sushant Dash, CEO of Tata Starbucks, said, “We have nearly doubled our stores in the last three years, and we will continue to expand further.” The growth will be driven by diverse store formats, including drive-throughs, metro outlets, and airport locations, catering to the evolving needs of consumers. “The fundamental idea will remain the same,” he added, emphasizing the brand’s consistent focus on customer experience…
• Not so fast, quick com(m)-rades
  09 September 2024, retail.economictimes.indiatimes.com
  Two Stanford dropouts, Kaivalya Vohra and Aadit Palicha, have become the youngest Indian billionaires with their quick commerce venture, Zepto. Despite rapid growth, the long-term profitability of such businesses remains uncertain. The competitive landscape challenges established retailers, but the sustainability of high margins is questionable…
• QSR industry focus: Dine-in channel growth remains muted on weakness in SSSG; Zomato, Swiggy fragmenting market share
  09 September 2024, financialexpress.com
  Even as quick-service restaurants (QSR) rapidly expanded their store count after a strong recovery post Covid, the industry is currently witnessing sluggishness on the back of demand slowdown and a challenging macroeconomic environment…
• UAE’s Lulu Group unveils plans for $480 million Mall in Ahmedabad, will create 3,000 jobs
  09 September 2024, livemint.com
  MA Yusuff Ali, CMD of the Lulu Group International, is happy about the UAE-based retailer’s plans to invest in India, ANI reported on September 8. Lulu Group is set to build what is being billed as “India’s largest shopping mall” in Ahmedabad, Gujarat…
• Ice-cream start-ups scoop up funding, heat up action with different serves
  09 September 2024, thehindubusinessline.com
  Cool new flavours and start-ups with unique business models were seen at the recently concluded Indian Ice Cream Expo in Gandhinagar. Take Ice Cream Junction, a niche ice-cream brand floated recently by the Choudhary brothers from Pali in Rajasthan…
• Ikea to launch smaller stores
  09 September 2024, financialexpress.com
  Ikea, the world’s largest furniture retailer known for its signature warehouse-style stores across markets, is now looking at a compact store format of around 30,000-40,000 square feet in the country…
• App-first Gen Z scripting big shifts in consumption trends: Bernstein report
  09 September 2024, retail.economictimes.indiatimes.com
  Indian Gen Zs are the world’s largest, the report said about the cohort born into a digital age, that shops, works and eats online. Gen Z is the generation born between 1996 and 2010…
• Primark Eyes Expansion into UAE Retail Market
  09 September 2024, indianretailer.com
  International fashion retailer Primark is poised to enter the UAE retail sector. Alshaya Group, a leading international retail franchise operator, announced a strategic partnership with the British brand to explore store openings in the Middle East…
• Managing Supply Chain Disruptions in the FMCG Sector
  09 September 2024, indianretailer.com
  In the bustling landscape of India’s Fast Moving Consumer Goods (FMCG) sector, where demand changes rapidly and competition is fierce, maintaining a consistent supply of goods to consumers is a significant challenge. The total revenue of the FMCG market is expected to grow at a CAGR of 27.9 percent through 2021–27, reaching nearly $ 615.87 billion…
• Mokobara Opens Third Mumbai Outlet, Strengthens Nationwide Presence
  09 September 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has taken another significant step in its retail expansion with the launch of its third store in Mumbai, located at Nexus Seawoods, further solidifying its presence in the city…
• McDonald’s Taps AI for a Personalized Signature Collection Experience
  09 September 2024, indianretailer.com
  McDonald’s India – North and East has introduced its new “Signature Collection,” a range of gourmet burgers aimed at the growing premium segment. With this new lineup, the brand seeks to elevate the quick-service restaurant (QSR) experience, setting a higher standard for quality and flavor…
• Barbie Partners with Reebok for New Collection Inspired by the Dream Gap Project
  09 September 2024, indianretailer.com
  Reebok has teamed up with Mattel’s iconic Barbie brand to unveil a new creative campaign and a comprehensive footwear and apparel collection, celebrating Barbie’s 65th Anniversary…
• The Body Shop Collaborates with Diana Penty for Festive Vitamin C Skincare Campaign
  09 September 2024, indianretailer.com
  The Body Shop, the esteemed British-born ethical beauty brand, has announced a new collaboration with Indian model and actress Diana Penty to highlight its acclaimed Vitamin C skincare range. This partnership focuses on a straightforward skincare routine designed to deliver a natural, radiant glow just in time for the festive season…
• What Makes Starbucks India’s First Experiential Store a Game-Changer for Coffee Lovers
  09 September 2024, indianretailer.com
  Starbucks India has always been synonymous with coffee excellence, innovation, and a seamless customer experience. This year, the iconic brand has taken a bold new step in elevating the coffee culture in the country…
• Evaluating the ROI of Experience Studios in the Retail Sector
  09 September 2024, indianretailer.com
  Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an environment where customers can visualize and engage with the product in a way that goes beyond simple browsing…
• Partnering with like-minded brands builds trust and expands our reach: Shreedha Singh of TAC
  09 September 2024, indiaretailing.com
  The inspiration behind The Ayurveda Co. (TAC) comes from Shreedha Singh’s battle with Urticaria, a persistent skin condition she struggled with for nearly three years, trying countless remedies without success…
• Godfrey Phillips shareholders OK appointment of Bina Modi as MD
  07 September 2024, retail.economictimes.indiatimes.com
  Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company’s shareholders to vote in her favour at the culmination of the company’s annual general meeting on Friday, as per a stock exchange disclosure…
• HUL forms panel of independent directors to evaluate prospects of ice cream biz
  07 September 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever Ltd’s board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC’s earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings…
• Nykaa appoints Sukhleen Aneja to drive Kay Beauty growth
  07 September 2024, retail.economictimes.indiatimes.com
  Adwaita Nayar, executive director Nykaa, CEO Nykaa Fashion and head of owned brands said, “We are delighted to welcome Sukhleen Aneja to the Nykaa Family to lead the Kay Beauty and Nyveda businesses. Sukhleen’s extensive experience in building customer-centric brands will be invaluable as we up our ambition on both brands. For Kay Beauty specifically, her strategic vision, along with Katrina’s marketing mind and might, will enable the INR 150 crore brand to scale to the next level both domestically and internationally”…
• Coca-Cola global EVP Henrique Braun reveals co’s growth strategy for India
  07 September 2024, retail.economictimes.indiatimes.com
  Coca-Cola is segmenting India into clusters to identify areas with faster growth potential. The company sees India as a key market with significant growth opportunities despite uneven recovery trends post-pandemic. Coca-Cola India’s revenue and profit saw substantial increases in FY23, reflecting strong market performance…
• ETRetail concludes 4th edition of e-commerce and digital natives summit 2024 in Bengaluru
  07 September 2024, retail.economictimes.indiatimes.com
  The event featured vibrant panel discussions, thought-provoking fireside chats, and a startup kickoff session. In addition, there were dedicated tracks on the customer journey and marketing excellence, fostering valuable networking opportunities, and culminating with the E-commerce and Digital Natives Awards, which celebrated the trailblazers of the e-commerce and D2C industries…
• Ecommerce companies set to run smartphone sales show this festival season
  07 September 2024, retail.economictimes.indiatimes.com
  Better pricing deals from phone makers for the online channels are expected to tilt the scales in their favour. “Overall, the split is expected to be 50:50 for the second half of the year, but online is expected to grow faster than offline during the festive season because of the ongoing tiff with retailers over preferential pricing which is going to increase during the festive season sales,” said Upasana Joshi, research manager, IDC India…
• Reliance eyeing to get third-time lucky in quick commerce
  07 September 2024, financialexpress.com
  The retailer, which has a network of nearly 19,000 stores in the country, has begun trial or pilot runs of 30-minute delivery services under JioMart in key cities within states such as Maharashtra and Karnataka…
• Baazar Style upbeat on higher margins this year, says private labels key to growth
  07 September 2024, moneycontrol.com
  Rekha Jhunjhunwala-backed Baazar Style Retail is confident of sustaining the current CAGR growth rate and hopes to improve on the margin, compared to FY24 levels…
• Decathlon enters quick-commerce space through Zepto
  07 September 2024, retail.economictimes.indiatimes.com
  Commenting on the partnership, Sankar Chatterjee, CEO at Decathlon India, said, “As the demand for an active lifestyle in the country continues to grow, we are committed to being part of this journey. This partnership further strengthens our mission to move people through the wonders of sport by quickly and efficiently delivering sporting products and equipment directly to their doorsteps.”..
• Retail business closure to focus on core cigarette biz: GPI Chairperson Bina Modi
  07 September 2024, retail.economictimes.indiatimes.com
  In her address to the shareholders, Bina Modi said, “this focus on our core business is in consonance with the ‘Theory of Core Competency’ propagated by the late global management guru Professor CK Prahalad. This strategy has also led us to the closure of our retail business 24Seven. At times we need to bite the bullet in the long-term interest of the company and shareholders.”..
• Two Brothers Organic Farms appoints ex-Tata Cliq director as COO
  07 September 2024, retail.economictimes.indiatimes.com
  Two Brothers Organic Farms has appointed Anupam Kapoor as chief operating officer to enhance its senior leadership team. Kapoor will manage core operations and new product development, focusing on infrastructure and product quality. This move follows the agritech startup’s Rs 58.2 crore Series-A funding round…
• Bird Group has ambition expansion plans for quick service, casual dining market
  07 September 2024, retail.economictimes.indiatimes.com
  “We are diligently executing strategic initiatives across all our business verticals, ensuring we not only meet but potentially exceed these targets. By staying true to our core values of quality, innovation, and customer satisfaction, we are confident in our ability to achieve these significant milestones and continue driving growth for our company,” said Rahul Sehgal, business head, Bird Foods…
• Starbucks Unveils First Experiential Coffee Store in New Delhi
  07 September 2024, indianretailer.com
  US-based coffee giant Starbucks has unveiled its first-ever coffee experiential store in India, located in Punjabi Bagh, New Delhi, marking a significant expansion in the country. The new store offers a unique coffee experience, featuring 16 specialty coffees from around the globe…
• Titan Expands Presence in Chandni Chowk with Six New Stores
  07 September 2024, indianretailer.com
  Titan Company Ltd., the renowned Indian jewelry retailer and watchmaker under the Tata Group, has opened six new stores in Chandni Chowk, one of Old Delhi’s busiest and most iconic markets…
• D’Decor Expands Its Presence with New Flagship Store in Delhi
  07 September 2024, indianretailer.com
  D’Decor, a leader in India’s premium home furnishing fabric industry, has opened its flagship store on MG Road, Delhi, on 5th September 2024. Known for its excellence in quality, innovation, and design, D’Decor aims to set a new standard in the home textile sector with this expansive showroom…
• Ganesh Chaturthi Gift Ideas: From Eco-Friendly Idols to Luxury Home Decor
  07 September 2024, indianretailer.com
  Ganesh Chaturthi, the festival that marks the birth of Lord Ganesha, is a celebration of the significance of the cycle of birth, life, and death. It is for the first time that Ganapati is described in a brief context in Rigveda in the…
• Bvlgari’s New Mangalsutra Necklace Combines Heritage and Modern Elegance
  07 September 2024, indianretailer.com
  Bvlgari, a prominent name in high jewelry, has expanded its retail offerings in India with the launch of the new Bvlgari Bvlgari Mangalsutra sautoir necklace. This addition follows the success of the initial Mangalsutra…
• Asos Sells 75 Pc Stake in Topshop and Topman to Danish Retailer Heartland
  07 September 2024, indianretailer.com
  Online fast-fashion giant Asos has agreed to sell a 75 percent majority stake in its Topshop and Topman brands to Heartland, a company controlled by Danish retail mogul Anders Holch Povlsen, owner of the fashion and lifestyle group Bestseller…
• Asos Sells Majority Stake in Topshop and Topman to Bestseller’s Parent Company
  07 September 2024, indianretailer.com
  Asos Plc, the UK-based online fashion retailer, has agreed to sell a 75 percent stake in its Topshop and Topman brands to Heartland A/S, a company owned by Denmark’s Holch Povlsen family, which also owns retail group Bestseller A/S…
• Cantabil Retail India Ltd. Hits 550-Store Milestone with New Openings in Delhi
  07 September 2024, indianretailer.com
  Cantabil Retail India Ltd., a prominent Indian apparel brand, has reached a notable milestone by surpassing 550 stores across the country. The company celebrated this achievement with the launch of four new stores in Delhi…
• India’s Potential SM REITs Market Value To Exceed USD 60 Bn
  06 September 2024, rprealtyplus.com
  As per CBRE South Asia Pvt. Ltd, report, the potential Small and Medium Real Estate Investment Trusts (SM REITs) market size in India is expected to exceed USD 60 bn by 2026…
• CREDAI Bengaluru urges government to implement reforms in real estate development
  06 September 2024, realty.economictimes.indiatimes.com
  The key areas of focus include providing clarity on the transferable development rights (TDR) issue that has been long pending and simplifying the regulations. The CREDAI Bengaluru opines that it..
• Durable Goods Dominate India’s Retail Market: 12.4% Spike in Consumption Expenditure in Q1-FY25!
  06 September 2024, indianretailer.com
  The consumer goods industry has seen notable shifts in consumption patterns in Q1-FY25, with production and price data offering key insights into the evolving demand landscape…
• Top 5 Music Streaming Platforms/Sites in India for 2024
  06 September 2024, indianretailer.com
  In India, music is an integral part of daily life, and with the rise of digital platforms, music streaming has become the preferred way to enjoy favorite tracks, discover new artists, and explore diverse genres…
• The Collective Expands Luxury Offerings at Pacific Mall Tagore Garden
  06 September 2024, indianretailer.com
  Pacific Mall Tagore Garden has introduced a new addition to India’s retail landscape with the launch of *The Collective*, a luxury multi-brand retail concept. Situated on the ground floor of the mall, The Collective spans 4,492.2 square feet of covered space, with a super built-up area of 7,487 square feet…
• Top Organic Ingredients to Celebrate National Nutrition Week 2024
  06 September 2024, indianretailer.com
  A nutrition-rich diet isn’t just about eating enough food; it’s about making informed choices that include a variety of foods and a balance of nutrients. To meet the body’s diverse nutritional requirements, it’s crucial to understand the components of a healthy diet and how they contribute to physical and mental health…
• Xolopak India Secures Investments from Bollywood Stars Ahead of IPO
  06 September 2024, indianretailer.com
  Xolopak India, a leading manufacturer of sustainable disposable packaging, has announced new investments from Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar in a pre-IPO funding round…
• DeVANS Expands Six Fields Portfolio, Enters Premium Lager Market
  06 September 2024, indianretailer.com
  Indian alcohol beverage (alcobev) company DeVANS has expanded its Six Fields beer lineup to enter the premium lager segment, aiming to strengthen its presence in the growing retail and hospitality sectors in India…
• Marudhar Rocks International Bags Rs 150 Cr Investment from Bharat Value Fund
  06 September 2024, indianretailer.com
  Marudhar Rocks International Private Limited, a leading building materials company in India, has secured Rs 150 crore from Bharat Value Fund (BVF) through a private placement round, valuing the company at approximately Rs 2,300 crore…
• Quick Commerce to Revolutionize Indian Retail Landscape with $10 Bn Gross Order Value by FY26
  06 September 2024, indianretailer.com
  The Indian retail industry, long dominated by traditional food and grocery markets, is on the cusp of a transformative shift as quick commerce companies rapidly gain traction…
• Anamika Khanna X H&M Collection Almost Sold Out in 32 Minutes on Myntra: Venu Nair
  06 September 2024, indianretailer.com
  Indian couture designer Anamika Khanna’s collaboration with H&M saw an overwhelming response, with nearly the entire collection selling out in just 32 minutes on Myntra…
• Daikin Expands in India as Air Conditioning Demand Soars
  06 September 2024, indianretailer.com
  Daikin Industries Ltd., the world’s largest air conditioner manufacturer, is gearing up for further expansion in India as rising temperatures increase the demand for cooling solutions…
• Colgate-Palmolive Expands Oral Beauty Range with Visible White Purple Toothpaste
  06 September 2024, indianretailer.com
  Colgate-Palmolive (India) Limited, a leading name in India’s oral care market, has introduced a new product targeting the growing interest in oral beauty. The company has launched its Visible White Purple toothpaste, a first-of-its-kind innovation in India that aims to appeal to young urban consumers…
• Ranveer Singh Becomes Equity Partner in India’s Allied Blenders
  06 September 2024, indianretailer.com
  Bollywood star Ranveer Singh has entered into a business partnership with Allied Blenders and Distillers Limited (ABDL), a leading player in India’s retail and spirits industry…
• Suroskie Launches Dessert Drip Lip Oils for Ultimate Lip Hydration and Color
  06 September 2024, indianretailer.com
  Suroskie, a leading name in the self-care and beauty industry, is excited to announce the launch of its latest innovation: Dessert Drip Lip Oils. These new lip oils are designed to bring together the decadence of dessert…
• Youneek Pro Science Sponsors Pooja Raghu for World Ultimate Championships 2024
  06 September 2024, indianretailer.com
  Youneek Pro Science, the innovative digital-first beauty brand, has announced its sponsorship of Pooja Raghu, a distinguished frisbee athlete competing in the World Ultimate Championships 2024 in Gold Coast, Australia…
• Indus Valley Unveils Ready-to-Use Hair Care Range with 24 Whole Herbs
  06 September 2024, indianretailer.com
  Indus Valley, a leader in organic and natural beauty products, has launched a premium range of Ready-to-Use Hair Care Pastes. These pastes are designed to provide effortless and effective solutions to common hair concerns, combining age-old wisdom with modern science…
• The Leela Palaces Collabs with Chef Prateek Sadhu to Showcase Himalayan Cuisine
  06 September 2024, indianretailer.com
  The Leela Palaces, Hotels, and Resorts has announced an exclusive collaboration with Chef Prateek Sadhu, in partnership with Conosh, to bring his renowned restaurant concept, NAAR, to four of its iconic properties…
• Swiggy Demonstrates Strong Financial Performance Ahead of IPO
  06 September 2024, indianretailer.com
  Swiggy, a major player in India’s food delivery and quick commerce market, has reported robust financial figures as it prepares for its upcoming Initial Public Offering (IPO). The Bengaluru-based company’s operating revenue…
• Why Food Safety & Hygiene is Important for Restaurants
  06 September 2024, indianretailer.com
  Food safety and hygiene practices in restaurants play an important role. Inadequate food safety procedures may result in food-borne infections, endangering customers and undermining the restaurant’s reputation…
• CapitaLand Investment To More Than Double Investments In India
  05 September 2024, rprealtyplus.com
  CapitaLand Investment Limited (CLI), a global real asset manager, has unveiled a target to more than double its funds under management (FUM) in its core market India by 2028, up from S$7.4 billion (INR 458.8 billion) as at 30 June 2024…
• Bhumika Group Appoints Siddharth Katyal As CEO
  05 September 2024, rprealtyplus.com
  Bhumika Group, North India’s leading real estate developer seeking to expand its footprints in Rajasthan and NCR, has announced that it has appointe Siddharth Katyal as its new Chief Executive Officer…
• Goa government to examine permissions for DLF, Bhutani Infra projects
  05 September 2024, realty.economictimes.indiatimes.com
  ​​Town and Country Planning Minister Vishwajit Rane made the announcement here. His department will examine the permissions granted to DLF for a villa project at Reis Magos in North Goa district and that to Bhutani Infra’s project at Sancoale in South Goa district, he said…
• Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play
  05 September 2024, retail.economictimes.indiatimes.com
  Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola…
• EDNS 2024: Gen-Z consumers important in India growth story, says Myntra CEO Nandita Sinha
  05 September 2024, retail.economictimes.indiatimes.com
  Sinha’s insights highlight the evolving landscape of consumer behavior in India, where Gen-Zs are emerging as a discerning, financially savvy, and research-oriented demographic. As this generation continues to shape the future of consumption, brands and businesses will need to adapt to their unique preferences and values…
• Britannia in talks to buy northeast’s Kishlay Foods
  05 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
• Britannia in talks to buy northeast’s Kishlay Foods
  05 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
• Zomato’s big Paytm play puts a spanner in KKR’s BMS plans
  05 September 2024, retail.economictimes.indiatimes.com
  KKR is talking to BookMyShow, India’s largest online ticket-booking platform, to rejig the details of the $250-300 million investment it was planning for a minority stake. Zomato recently bought Paytm’s live ticketing business in a deal valued at over Rs 2,000 crore…
• Swiggy operating revenue jumps 36% in FY24, losses down 44%
  05 September 2024, retail.economictimes.indiatimes.com
  According to the food and grocery delivery company, the rise in revenue is driven by higher commissions and advertising fees, user fees, and incremental revenue from ticket sales for events. Integrating Dineout with the Swiggy app also helped…
• Dolce & Gabbana’s operating loss widens to $14.4 million in 2023-24
  05 September 2024, retail.economictimes.indiatimes.com
  The holding, which controls the Italian fashion house founded by the designer duo Stefano Gabbana and Domenico Dolce, posted a 17% increase in revenues to 1.87 billion euros in the 12 months to March 31…
• Wellbeing Nutrition expands leadership team to accelerate growth plans
  05 September 2024, retail.economictimes.indiatimes.com
  Wellbeing Nutrition has appointed Harleen Bhatti as vice president of D2C and Kunwarjeet Singh Grover as head of growth. This leadership expansion is part of the company’s strategy to achieve a 100 per cent YoY growth rate and an annual recurring revenue (ARR) of Rs 240 crore, focusing on both online and offline markets…
• India Inc extends gender diversity push to temporary hiring for festive season
  05 September 2024, retail.economictimes.indiatimes.com
  India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced…
• India beauty, personal care market expected to reach $34 bn by 2028: Nykaa report
  05 September 2024, retail.economictimes.indiatimes.com
  According to the report, e-commerce is poised to be the biggest driver of this growth and the fastest-growing segment, anticipated to achieve a CAGR of around 25 per cent. “Rising aspirations and higher incomes among Indian consumers will propel the market for premium beauty, expected to reach USD 3-3.2 billion by 2028. With 520-560 million users in 2023, the democratisation of beauty expertise via social media is significantly influencing consumer choices,” a statement said…
• Epack Durable partners with Symphony to manufacture air coolers in growing Indian market
  05 September 2024, retail.economictimes.indiatimes.com
  Epack Durable has teamed up with Symphony to manufacture air coolers as an OEM. This partnership aims to leverage Epack’s manufacturing capacity and diversify its customer base. The Indian air cooler market is projected to grow significantly, with Symphony and Epack reporting substantial profit and revenue increases in the first quarter of FY25…
• India remains fastest growing paper market in world: Report
  05 September 2024, retail.economictimes.indiatimes.com
  India’s paper market is experiencing rapid growth, with packaging paper and paperboard consumption rising at 8.2% in 2023-24. The market, driven by demand from FMCG, textiles, pharmaceuticals, e-commerce, and healthcare sectors, benefits from the ban on single-use plastics. Overall paper demand in India grows at 6-7% annually…
• ASUS India Expands Retail Presence with New Pegasus Store in Bhubaneswar
  05 September 2024, indianretailer.com
  As part of its strategy to strengthen its retail presence across India, ASUS India, the Taiwanese tech company, has announced the launch of its new Pegasus store in Bhubaneswar…
• This World Beard Day Transform Your Beard Game with the Top Beard Oil Brands in India
  05 September 2024, indianretailer.com
  This World Beard Day, take your beard care routine to new heights with the best beard oil brands in india. Growing a thick, healthy beard demands more than just time and patience; the right grooming products can significantly impact your results…
• Sarita Handa and Maruva Team Up to Merge Luxury and Wellness in India
  05 September 2024, indianretailer.com
  In a move that aligns with the growing emphasis on sustainability in the beauty and retail sectors in India, Maruva and Sarita Handa have announced a groundbreaking collaboration that merges luxury with wellness…
• Mercedes-Benz Research and Development India Broadens Sustainability Projects
  05 September 2024, indianretailer.com
  Mercedes-Benz Research and Development India (MBRDI) has announced the expansion of its Sustainability Garage initiative, a platform aimed at fostering collaboration among various stakeholders to promote sustainability goals…
• Godawan Single Malt Expands India’s Presence in Global Spirits Market
  05 September 2024, indianretailer.com
  India, currently ranked 40th in global alcoholic beverage exports, has significant untapped potential in the sector. With increasing global demand for Indian spirits, the Agricultural and Processed Food Export Development Authority (APEDA) is focusing on promoting Indian alcoholic and non-alcoholic beverages internationally…
• Raymond Lifestyle Targets Growth in India’s Retail and Wedding Markets
  05 September 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL), the lifestyle business segment recently separated from Raymond Ltd will make its debut on the National Stock Exchange and Bombay Stock Exchange on September 5th…
• Godrej Interio Expands Focus on India’s Educational Furniture Market
  05 September 2024, indianretailer.com
  Godrej Interio, a prominent brand in India’s home and office furniture market and a part of Godrej and Boyce under the Godrej Enterprises Group, is making significant strides in expanding its retail presence within the Indian education sector…
• Raymond Lifestyle to Debut on NSE and BSE with Ambitious Growth Plans
  05 September 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL), the lifestyle arm that was demerged from Raymond Ltd. in July, is set to debut on the National Stock Exchange and Bombay Stock Exchange on September 5. RLL has ambitious growth plans as an independent listed entity…
• HyFun Foods Expands to All Major Indian Metros, Targets 10 Pc Market Share by 2025
  05 September 2024, indianretailer.com
  HyFun Foods has proudly announced a significant milestone in its retail expansion, having established its presence in all major Indian metropolitan cities, with Kolkata being the latest addition. This achievement, realized just over a year after the brand’s retail launch, marks a key advancement in HyFun Foods’ strategic growth…
• Pilgrim Raises Rs. 75 Cr in Extended Series B Round to Fuel Expansion
  05 September 2024, indianretailer.com
  Pilgrim, a prominent direct-to-consumer (D2C) brand in the beauty and personal care sector, has successfully raised Rs. 75 crore (approximately USD 9 million) in an extended Series B funding round. The round was led by Fireside Ventures and Vertex Ventures…
• Lulu Mall Kozhikode to open on 9 September
  04 September 2024, indiaretailing.com
  UAE-based multinational conglomerate company Lulu Group will open its latest mall in Kozhikode, Kerala on 9 September, as per a social media post by the retail conglomerate…
• Omaxe Group To Launch India’s First Integrated 5-In-1 Destination In Delhi
  04 September 2024, rprealtyplus.com
  Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture…
• Landmark Group To Invest Rs 4,200 Cr In New Gurugram Realty Projects
  04 September 2024, rprealtyplus.com
  Gurugram based Landmark Group plans to invest Rs 4,200 crore to expand its portfolio in residential, retail, and commercial in the next two years. The company’s plans to launch a group housing project along the Dwarka Expressway and a highstreet project in New Gurugram…
• Signature Global Announces Strategic Senior Management Restructuring
  04 September 2024, rprealtyplus.com
  Signature Global, one of India’s leading real estate companies, has taken a strategic step by significantly reconfiguring its senior management team. These decisions underscore the company’s dedication to robust leadership and employee empowerment…
• Kalpataru Ltd Plans To Enter Nagpur Real Estate Market
  04 September 2024, rprealtyplus.com
  Mumbai-based Kalpataru Ltd plans to foray into the Nagpur real estate market. The company is expected to launch a plotted development project spread across 37 acres, market sources told…
• Prestige Estates’ subsidiary buys 4.5 acres in Pune from joint development partner
  04 September 2024, realty.economictimes.indiatimes.com
  The Prestige Group entity had entered into a joint development agreement with the landowner B U Bhandari M&M Realtors LLP through a pact inked in July 2017. Both had agreed to jointly develop the plot out of a larger land parcel..
• AIPL to take rental portfolio to five million sq ft with new projects
  04 September 2024, realty.economictimes.indiatimes.com
  The company currently operates 1.4 million sq ft and by Q2 2025, two projects, AIPL Statement and AIPL Autograph having total leasable area of 3.5 million sq ft would be ready…
• Cash-rich quick commerce firms rush to grab dark store sites
  04 September 2024, retail.economictimes.indiatimes.com
  There is fierce competition for the right sites — now increasingly expensive and difficult to find in large cities — to set up these micro warehouses for servicing localities in the vicinity. Meanwhile, the likes of BigBasket, Zepto, Flipkart Minutes and Swiggy Instamart are recruiting aggressively, as well as poaching, people in the know told ET…
• ETRetailCafe: Dipali Goenka on weaving Welspun Living’s success story
  04 September 2024, retail.economictimes.indiatimes.com
  Dipali Goenka, CEO and MD, Welspun Living shares her secret mantra of building a successful company. She also shares how she gets insights from the customers and delivers the end products to them…
• Philips appoints Bharath Sesha as MD for Indian Subcontinent
  04 September 2024, retail.economictimes.indiatimes.com
  Philips has named Bharath Sesha as the new managing director for the Indian subcontinent, effective September 1, 2024. Sesha will focus on enhancing customer satisfaction and operational excellence. He replaces Daniel Mazon, who has moved to a global role. Sesha has over two decades of experience in the pharmaceutical and chemical industries…
• Godrej Appliances invests Rs 100 crore to add production facility for AI-tech washing machines
  04 September 2024, retail.economictimes.indiatimes.com
  ​​​Spread over 1 lakh square feet at Shirwal near Pune, the new facility will strengthen Godrej Appliances’ market presence by adding a capacity of 3 lakh units of front-load washing machines per year, which will almost double the production of automatic washing machine portfolio for the brand…
• Meesho appoints Mohit Rajani as chief product officer
  04 September 2024, retail.economictimes.indiatimes.com
  In his new role, Rajani will lead Meesho’s product organization, overseeing the product management, design, and analytics teams. Previously, he has held leadership roles at tech companies such as Meta, Google, Carta, and Instagram…
• UBL targets 25% sales from premium beers amid growing consumer premiumisation
  04 September 2024, financialexpress.com
  United Breweries (UBL), India’s largest beer manufacturer, anticipates its premium beer brands to contribute 25% of its total sales volume within the next 4-5 years, according to a company official…
• India’s reliance on Chinese imports for MSME goods declining: Official
  04 September 2024, retail.economictimes.indiatimes.com
  “India’s trend of reducing its reliance on Chinese imports, particularly in categories like articles of leather, ceramic products, toys, and musical instruments, contrasts with the trends observed in other major markets, where dependence either remains steady or is increasing. This indicates a strategic shift by India towards diversifying its import sources or bolstering domestic production capabilities,” the official added…
• Mars Cosmetics expands retail presence through Shoppers Stop
  04 September 2024, retail.economictimes.indiatimes.com
  Mars Cosmetics has partnered with the department store chain Shoppers Stop to expand its offline presence across India. The cosmetics company will expand its presence in Shoppers Stop’s 40 stores by the end of this fiscal year FY25…
• Huawei sets up Apple showdown with event hours after new iPhone
  04 September 2024, retail.economictimes.indiatimes.com
  Consumer group chief Richard Yu announced the Sept. 10 reveal on Weibo, teasing “an epoch-making product” that took five years of work and investment. Huawei plans to unveil the world’s first commercial-ready smartphone that folds twice, according to a person familiar with its plans. The company is also preparing an Aito electric vehicle launch, though the final products to be released are subject to change, the person said, asking not to be named discussing private plans…
• “Quick commerce” set to push India’s gross order value to USD 10 bn by FY26
  04 September 2024, retail.economictimes.indiatimes.com
  The growth trajectory of quick commerce is underscored by key players such as Zomato’s Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26. CLSA stated, “We expect Zomato’s Blinkit, Zepto and Swiggy Instamart – the top three players – to reach USD 10 billion in gross order value by FY26 and surpass USD 78bn within a decade…
• Raymond Lifestyle eyes 7% share in men’s-wear wedding market by 2027
  04 September 2024, retail.economictimes.indiatimes.com
  Raymond Lifestyle Ltd. (RLL) will list its shares on September 5, 2024, and plans to expand by adding 900 new outlets over three years. The company aims for a 15% CAGR to capture around 7% of the men’s wear wedding market by 2027. RLL focuses on enhancing its presence in branded textiles, apparel garmenting, and new categories…
• CCD cafe count falls to 450 in FY24, number of operational vending machines rises
  04 September 2024, retail.economictimes.indiatimes.com
  The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to the latest annual report of Coffee Day Enterprises Ltd (CDEL), which owns the chain through its subsidiary Coffee Day Global Ltd…
• Lenskart appoints Jaimit Doshi as its global head of marketing and chief executive officer
  04 September 2024, retail.economictimes.indiatimes.com
  Lenskart has appointed Jaimit Doshi as its global head of marketing and chief executive officer of Hustlr, one of the eyewear retail chain’s brand. He took to LinkedIn and made the announcement…
• Recode Studios Expands Retail Presence with New Store in Mumbai
  04 September 2024, indianretailer.com
  Recode Studios, a prominent name in the cosmetics industry, continues to strengthen its retail presence in India by opening its 18th store in Mumbai. Located at JVMS Clermont, Shop No – 5, LBS Marg, Mulund West, this new store is part of the company’s broader expansion strategy, reflecting its focus on growth within the retail sector…
• Malabar Gold and Diamonds Opens 14th Store in Delhi NCR
  04 September 2024, indianretailer.com
  Malabar Gold and Diamonds, a prominent name in the global retail jewellery industry, has strengthened its presence in India with the opening of its 14th store in the Delhi NCR region…
• Being Human Clothing Expands Retail Presence to Belagavi
  04 September 2024, indianretailer.com
  Being Human Clothing, a well-known fashion brand, has opened its latest store in Belagavi, Karnataka. This expansion highlights the brand’s focus on tapping into the potential of emerging towns in India…
• How Indian Travelers are Fueling Global Tourism Growth: 9 Trends to Watch
  04 September 2024, indianretailer.com
  With their passports in hand and wanderlust in their hearts, Indian travelers are taking the world by storm. In fact, international travel among Indians has surged by 32 percent, with more travelers now taking two or more trips annually…
• Which Brands does Coca-Cola Own? The Complete List
  04 September 2024, indianretailer.com
  When people think about The Coca-Cola Company, they often think of a cold, refreshing Coke. But did you know Coca-Cola owns many other drink brands too? Over the years, Coca-Cola has grown to include different types of drinks…
• India’s Luxury Pre-Owned Market to Hit $1.56 Mn by 2032
  04 September 2024, indianretailer.com
  India’s luxury market is evolving rapidly, with the luxury pre-owned segment emerging as a significant growth driver. As the concept of circular fashion and sustainable luxury gains traction globally, Indian consumers, particularly from affluent segments, are increasingly embracing pre-owned luxury items…
• The New Shop Partners with HMEL to Launch 24/7 Convenience Stores at Fuel Stations
  04 September 2024, indianretailer.com
  Delhi-based convenience retailer The New Shop has forged a strategic partnership with HPCL-Mittal Energy Ltd. (HMEL), a prominent refining and petrochemical company, to establish 24/7 convenience stores at HMEL’s upcoming fuel retail outlets…
• Parle Agro Expands Dairy Portfolio with New SMOODH Lassi
  04 September 2024, indianretailer.com
  Parle Agro has introduced SMOODH Lassi, a new product in its dairy range. This launch marks a significant development in the Indian dairy sector, aligning with Parle Agro’s strategy to innovate and expand within the retail market…
• Top 10 OTT Platforms in India that are Binge-Worthy
  04 September 2024, indianretailer.com
  Since ancient times, our culture has embraced diverse forms of entertainment. Folk and classical music, dance, and theater have all enriched our lives. In the 20th century, technology took off, bringing major advancements to entertainment…
• Orion Mall Introduces 360 Degree Super Immersive Dome Theatre in Bengaluru
  04 September 2024, indianretailer.com
  Orion Mall, in collaboration with Epic Quest Entertainment Pvt Ltd, has unveiled a 360 Degree Super Immersive Dome Theatre at its Brigade Gateway location. This new installation marks a significant addition to the retail and entertainment landscape in India, offering visitors a unique cinematic experience…
• Mumbai Property Market Achieves Decadal High
  02 September 2024, rprealtyplus.com
  Mumbai city (area under BMC jurisdiction) recorded approximately 11,735 property registrations in August 2024, contributing over INR 1072 Crores (Cr) to the state exchequer…
• Signature Global’s Titanium SPR Project Achieves Green Certification
  02 September 2024, rprealtyplus.com
  Signature Global, a leader in sustainable real estate development, added another feather in its cap for its premium residential project, Titanium SPR, located in Sector 71, Southern Peripheral Road (SPR), Gurugram…
• PVR INOX plans monetisation of real estate assets
  02 September 2024, realty.economictimes.indiatimes.com
  Now, PVR INOX will partner with developers to jointly invest in new screen capex by shifting towards a franchise-owned and company-operated (FOCO) model…
• Apparel Group to bet big on India, expand store presence from 250 to 1,000
  02 September 2024, retail.economictimes.indiatimes.com
  Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the company plans to take India’s share to 25 per cent in the next three years…
• Levi’s Marks New Milestone with Launch of Two Stores in Mumbai
  02 September 2024, indianretailer.com
  American denim icon Levi’s has broadened its retail presence in Mumbai with the inauguration of two new stores: one on Linking Road and the other at Infinity Mall in Andheri West, as revealed in a recent social media update by a company official…
• The Evolution of In-Store Experiences to Meet Consumer Demand
  02 September 2024, indianretailer.com
  Imagine walking into a store where the moment you step inside, the ambiance feels like it was designed just for you. The lighting is warm, the scents are subtle but captivating, and every corner seems to tell a story that resonates with your tastes and lifestyle…
• Navigating India’s Retail Market – The Way Ahead
  02 September 2024, indianretailer.com
  The dynamism of the Indian retail sector is unprecedented. India has already become the fourth largest retail market in the world. According to government data, the country’s retail market is expected to reach $1.1 trillion by 2027…
• Marks & Spencer Names Stephen Smy as New Managing Director for India
  02 September 2024, indianretailer.com
  Marks & Spencer (M&S) has announced the appointment of Stephen Smy as the new Managing Director for its Indian operations, succeeding Ritesh Mishra, who left the company in April…
• Enhancing On-Shelf Availability: A Festive Season Blueprint for E-commerce Businesses
  02 September 2024, indianretailer.com
  As consumers across the world embrace e-commerce businesses, OSA has become extremely critical in the current and future online markets. With the latest numbers from Future Market Insights, the global on-shelf availability…
• The Importance of a Consumer-Centric Approach in Shaping the Future of Ethnic Wear fashion
  02 September 2024, indianretailer.com
  The fashion industry is undergoing a transformative shift, with consumer preferences taking center stage. This trend is particularly evident in the ethnic wear segment, where traditional styles meet contemporary demands…
• Ola Electric Joins ONDC Network, Expanding E-Commerce Reach
  02 September 2024, indianretailer.com
  Ola Group founder Bhavish Aggarwal announced on Thursday that all of Ola Electric’s products will be available on the government-backed Open Network for Digital Commerce (ONDC)…
• Verlinvest Acquires significant stake in Blue Tokai with USD 35 mn Funding
  02 September 2024, indianretailer.com
  Verlinvest, a global, family-backed evergreen investment firm, has led a significant investment of US$35 million in Blue Tokai, India’s leading specialty coffee and bakery brand…
• LEGO Expands Gaming Universe with Mario Kart and Animal Crossing Sets
  02 September 2024, indianretailer.com
  The LEGO Group has unveiled an exciting new range of products at Gamescom 2024, including the much-anticipated “Super Mario: Mario Kart” sets and three fresh “Animal Crossing” sets…
• Obeetee Unveils Viraasat Collection: A Tribute to Indian Heritage and Artistry
  02 September 2024, indianretailer.com
  Obeetee, a leading name in the Indian carpet industry, has unveiled its largest and most versatile collection to date, named “Viraasat.” This new collection is more than just a showcase of exquisite craftsmanship; it is a heartfelt tribute to the rich legacy and cultural layers that define India’s heritage…
• Latin Quarters targets Rs 200 crore revenue by FY26, eyes global entry: CEO Rahul Bhalla
  02 September 2024, indiaretailing.com
  The womenswear retailer ended the previous fiscal year with around Rs 108 crore in revenue and is aiming for a monthly run rate of approximately Rs 16-17 crore in the coming months…
• Dabur, Jubilant owners bid for stake in Coca-Cola’s India bottling arm HCCB
  02 September 2024, retail.economictimes.indiatimes.com
  Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets…
• PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets
  02 September 2024, retail.economictimes.indiatimes.com
  PVR INOX plans to close 70 non-performing screens in FY25 while adding 120 new ones, focusing on South India. The company aims to adopt a capital-light growth model and potentially monetize non-core real estate assets to become net-debt free. Revenue strategies include increasing footfalls and optimizing costs…
• Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD
  02 September 2024, retail.economictimes.indiatimes.com
  Speciality Restaurants Ltd CMD Anjanmoy Chatterjee believes India’s restaurant sector will recover despite recent challenges like high food inflation and reduced dining out. He cites strong national fundamentals and anticipates improvement as inflation decreases. The company aims for profitable growth and expansion, focusing on brands like Mainland China and Episode One…
• Tata Consumer Products completes merger of three wholly-owned subsidiaries in India
  02 September 2024, retail.economictimes.indiatimes.com
  TCPL’s portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+…
• Rebel Foods posts rise in FY24 revenue, trims losses
  02 September 2024, retail.economictimes.indiatimes.com
  Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
• Emami acquires full ownership of The Man Company for Rs 177.63 cr
  02 September 2024, retail.economictimes.indiatimes.com
  Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
• Prestige Estates Launches QIP To Raise Rs 5,000 Crore
  31 August 2024, rprealtyplus.com
  Prestige Estates Projects Ltd. has launched a program to sell shares to eligible institutional investors through a Qualified Institutional Placement (QIP) through which it plans to raise up to Rs 5,000 crore…
• M3M India MoU With Oravel Stays To Launch SUNDAY Hotel
  31 August 2024, rprealtyplus.com
  Gurugram-based M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, a global hospitality technology company, have signed a Memorandum of Understanding (MoU) to launch the premium SUNDAY hotel…
• Max Estates plans to raise Rs 800 crore through QIP
  31 August 2024, realty.economictimes.indiatimes.com
  The panel also approved the floor price for the issue at Rs 628.74 per equity share…
• Emami acquires full ownership of The Man Company for Rs 177.63 cr
  31 August 2024, retail.economictimes.indiatimes.com
  Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
• FirstCry logs 17% rise in revenue, lower loss in Q1 FY25
  31 August 2024, retail.economictimes.indiatimes.com
  Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari…
• Blue Tokai Coffee gets a Verlinvest flavour
  31 August 2024, retail.economictimes.indiatimes.com
  Verlinvest is set to invest Rs 200 crore in Blue Tokai Coffee Roasters at a Rs 1,200-crore valuation. Existing investors Hemendra Kothari’s family office and Anicut Capital are also expected to participate. This will be Blue Tokai’s largest funding round as it competes with Starbucks, Tim Hortons, and other cafes in India’s expanding coffee industry…
• Rebel Foods posts rise in FY24 revenue, trims losses
  31 August 2024, retail.economictimes.indiatimes.com
  Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
• Lululemon cuts annual forecasts on tepid US demand, slower product refresh
  31 August 2024, retail.economictimes.indiatimes.com
  Lululemon Athletica shares have declined about 14% in the last three months as investors braced for a forecast cut. They have lost nearly half of their value this year.Comparable sales rose 2%, but missed expectations of a 6.05% increase, driven by a 3% decline in sales in the Americas. Comparable sale surged 21% in China…
• Gap’s turnaround efforts drive quarterly beat in surprise early announcement
  31 August 2024, retail.economictimes.indiatimes.com
  Gap’s second-quarter results beat Wall Street expectations, with strong sales from Old Navy and Gap brands. An accidental early posting of earnings occurred due to an administrative error. The company’s net sales rose 5% to $3.72 billion. Gap is undergoing a brand turnaround, seeing more full-price sales and fewer discounts…
• The House of Rare revolutionises fashion shopping with global app and website launch
  31 August 2024, retail.economictimes.indiatimes.com
  The House of Rare has unveiled the much-anticipated launch of its unified website and app. The amalgamation celebrates the brand’s shared values of unity into a consumer-first, integrated shopping experience….
• Nuts make sweets a costly affair this festival season
  31 August 2024, retail.economictimes.indiatimes.com
  Cashew and almond prices have surged significantly over the past four months, with cashews rising up to 80% and almonds over 15%. Reduced imports and increased local consumption are key factors. Industry leaders expect prices to continue rising until Diwali, but anticipate strong demand despite higher costs…
• D2C startup WellBe Foods aims to reach 25,000 stores across South India by FY25
  31 August 2024, retail.economictimes.indiatimes.com
  Gaurav Manchanda, founder and managing director of WellBe Foods said, “Our goal is not only to reinforce our presence in Hyderabad but also to set a new benchmark for general trade reach across South India – with our snacks with No Nasties and innovative packaging, we are looking to organize the unorganised.”…
• Gillette India PAT up 26.4 pc to Rs 116 cr in Jun qtr
  31 August 2024, retail.economictimes.indiatimes.com
  The sales growth was “driven by a robust portfolio, strong brand fundamentals and superior retail execution”, Gillette India said in an earnings statement, adding its PAT was helped by “strong sales growth in the current quarter”…
• Ulta Beauty lowers annual forecasts on slowing demand for beauty products
  31 August 2024, retail.economictimes.indiatimes.com
  “Our second quarter performance did not meet our expectations,” said CEO Dave Kimbell, adding that the company has updated its annual expectations due to a more cautious outlook…
• Electronics 5th largest export commodity; growing 23% annually: MeitY official
  31 August 2024, retail.economictimes.indiatimes.com
  He also expressed confidence that the country’s net revenue from electronic exports will become positive in coming years with start of local semiconductor production…
• From Walnuts to Wine: How Chile and India Are Transforming Agricultural Trade in 2024
  31 August 2024, indianretailer.com
  Chile and India are deepening their strategic partnership, with a focus on expanding agricultural trade. The year 2023 saw bilateral trade between the two countries amount to an impressive $2,847 billion, with Chile exporting $560 million in goods and services to India…
• Godrej Consumer Transforms Legacy Brand Cinthol with Foam Bodywash Innovation
  31 August 2024, indianretailer.com
  Godrej Consumer Products Ltd (GCPL) has introduced an innovation in India’s retail bodywash segment, valued at approximately Rs 900 crore. The company has launched the Cinthol Foam Bodywash under its Cinthol brand, featuring a foam-based formula that eliminates the need for a loofah…
• Celio India Appoints Rejoy Rajan as Head of Marketing and PR
  31 August 2024, indianretailer.com
  Celio, the French menswear brand, has appointed Rejoy Rajan as its new Head of Marketing & PR for India, a strategic move to strengthen its retail presence in the country. Rajan, a seasoned marketing professional, brings over 16 years of experience in brand management, marketing strategy, customer experience, and digital marketing within the retail industry…
• Converse Launches Run Star Trainer in India
  31 August 2024, indianretailer.com
  Converse has introduced its latest sneaker silhouette, the Run Star Trainer, to the Indian market. Designed for modern women who navigate life with confidence, this new sneaker merges the brand’s historical legacy with contemporary versatility, making it a notable addition to the retail landscape in India…
• Baazar Style Retail Raises Rs 250 Cr from Anchor Investors Ahead of IPO
  31 August 2024, indianretailer.com
  Value fashion retailer Baazar Style Retail Ltd. has announced that it has raised Rs 250 crore from anchor investors, just ahead of its initial public offering (IPO) scheduled to open for public subscription…
• Trehan Iris Partners With Courtyard By Marriott
  30 August 2024, rprealtyplus.com
  Trehan Iris has announced its strategic collaboration with Courtyard by Marriott, bringing the Marriott brand to Noida Region for the 1st time. This collaboration will elevate the luxury and convenience of the Iris Broadway, Greno West a mixed-use development with the addition of a premier Marriott hotel…
• Signature Global Appoints Poulomi Ray As Head Digital Marketing & CSR
  30 August 2024, rprealtyplus.com
  Signature Global, a leading name in the real estate sector, is thrilled to announce the appointment of Poulomi Ray as the new Head of Digital Marketing and CSR…
• Top 10 Premium Cigar Brands in India: A Guide to the Finest Selections for Connoisseurs
  30 August 2024, indianretailer.com
  Best Cigar brands in India: Cigars have always been regarded as tasteful and linked with the higher standards of living throughout the globe. Since the 20th century, almost all cigars have been made of three distinct components: The physical structure of the filling includes a filler, the binder leaf that provides support to the…
• Ultraviolette Expands with New UV Space Station in Ahmedabad
  30 August 2024, indianretailer.com
  Continuing its mission of “Making in India, for the World,” Ultraviolette (UV) has proudly announced the launch of its latest UV Space Station Experience Center in Ahmedabad. This marks the third city in Ultraviolette’s planned expansion across India, following its recent opening in Pune…
• Montblanc Unveils New Boutique at Bengaluru Airport with Latest Neo3 Retail Design
  30 August 2024, indianretailer.com
  Montblanc, the global leader in luxury business lifestyle, has launched its newest boutique in India at Bengaluru’s Kempegowda International Airport, in collaboration with its longstanding partner, AMRPL…
• Rs 3,06,848 Crore Revenue Milestone! How Reliance Retail is Dominating India’s Retail Market with 17.8% Growth
  30 August 2024, indianretailer.com
  India’s retail market is skyrocketing! With a colossal $951 billion valuation in 2023, India is now among the top five global retail markets. What’s behind this explosive growth? Rapid urbanization, higher incomes, and a young, ambitious population are driving this retail revolution…
• Puma Appoints Indrajeet Sen as Senior Vice President – Sourcing
  30 August 2024, indianretailer.com
  Puma, the global sportswear brand, has announced the promotion of Indrajeet Sen to the position of Senior Vice President – Sourcing. Sen will assume this global role on October 1, taking over the operational responsibilities of the Chief Sourcing Officer role, according to an internal email from the German company…
• Explore Top Tequila Brands in India: A Spirited Journey
  30 August 2024, indianretailer.com
  Tequila is gaining the attention of Indians. Over the past five years, the yearly growth rate of tequila consumption in India has exceeded 12 percent. It was customary for Indians to choose cognac or whiskey, but tequila is becoming a popular option today…
• Swiggy Instamart Announces Amitesh Jha as New Chief Executive Officer
  30 August 2024, retail.economictimes.indiatimes.com
  Swiggy, India’s leading on-demand convenience platform, has announced the appointment of Amitesh Jha as the new Chief Executive Officer of its expanding quick commerce arm, Swiggy Instamart, effective September 4…
• Dame Health Launches as India’s Premier Reproductive Wellness Brand
  30 August 2024, indianretailer.com
  Dame Health, India’s new leading brand in reproductive health and wellness, has been introduced to address a range of gynecological issues and support women throughout their reproductive journey…
• Amazon India and Indian Railways Sign MoU to Enhance Parcel Transportation
  30 August 2024, indianretailer.com
  Amazon Transportation Services Private Limited (Amazon India) and the Ministry of Indian Railways have today signed a Memorandum of Understanding (MoU) aimed at strengthening their collaboration for the efficient and speedy transportation of Amazon India packages through the extensive Indian Railways network…
• Max Factor Expands Reach in India with Exclusive Shoppers Stop Partnership
  30 August 2024, indianretailer.com
  Max Factor, the renowned Hollywood makeup brand, has made its debut in India’s physical retail market through a strategic partnership with Shoppers Stop…
• Zomato to Introduce Food Expense Management Platform ‘Zomato for Enterprise’
  30 August 2024, indianretailer.com
  Food delivery major Zomato on Wednesday announced that it is introducing Zomato For Enterprise (ZFE) for companies to solve food expense management…
• The Grammar Rooms Now Open at Khan Market and Gurgaon
  30 August 2024, indianretailer.com
  The Grammar Room has officially made its debut in Khan Market & 32nd Avenue, Gurgaon this August, adding a fresh chapter to Delhi’s vibrant dining scene…
• McDonald’s India Leverages AI to Launch ‘The Signature Collection’
  30 August 2024, indianretailer.com
  Ever imagined a McDonald’s burger in AI? McDonald’s India – North and East is all set to leverage generative artificial intelligence (AI) to launch its new ‘Signature Collection’ of gourmet burgers…
• Sourav Joshi Joins Lava International as Brand Ambassador in New Campaign
  30 August 2024, indianretailer.com
  Lava International Ltd., India’s prominent homegrown smartphone brand, has announced a new partnership with India’s leading YouTube sensation, Sourav Joshi. This collaboration underscores Lava’s commitment to connecting…
• Blue Tribe Partners with Anushka Sharma and Virat Kohli to Launch Its New Product
  30 August 2024, indianretailer.com
  Blue Tribe, renowned for its innovations in plant-based food, has unveiled its latest ad campaign featuring beloved Indian celebrity couple Anushka Sharma and Virat Kohli…
• RTD Beverage Industry Explodes with 52 pc Growth Amid Quick Commerce Dominance
  30 August 2024, indianretailer.com
  India’s rapidly growing young population, with a median age of 28 years, is driving a significant shift in consumer behavior, particularly in the Ready-to-Drink (RTD) beverage market…
• Jewellery brand Tribe Amrapali opens 23rd store in Pune
  30 August 2024, indiaretailing.com
  Fashion jewellery brand Tribe Amrapali, a sub-brand of House of Amrapali, has launched its 23rd retail store across the country in Pune, located at Pune International Airport, Lohegaon, the company said in a press release on Thursday…
• Reliance Retail to enter luxury jewellery segment: Isha Ambani
  30 August 2024, retail.economictimes.indiatimes.com
  “In our Jewels business, we are expanding our design capabilities to offer products tailored to specific occasions and regional tastes, launching both regional and national collections,” she said…
• Cantabil to invest Rs 20 crore to penetrate deeper into tier II cities and beyond
  30 August 2024, retail.economictimes.indiatimes.com
  The brand, which was targeting to close last fiscal with Rs 675 crore revenue ended up closing it at Rs 620 crore, and this fiscal, it is aiming for Rs 750 crore revenue…
• India’s Office Leasing Set To Touch 80 Mn Sqft In 2024
  29 August 2024, rprealtyplus.com
  The Indian office market is poised for another record-breaking year, with leasing across the top 8 cities anticipated to cross 80 million square feet in 2024, according to Cushman & Wakefield’s recent office data. This would be the third consecutive year of surpassing the 70 msf milestone – a first in India’s office history…
• Awfis Space Solutions Partners With Nyati Group
  29 August 2024, rprealtyplus.com
  Awfis Space Solutions Limited (Awfis), India’s leading flexible workspace solutions company has partnered with Nyati group for an additional 3 Lakh square feet of Grade-A workspace…
• Motilal Oswal PE buys 25% stake in Lal Sweets
  29 August 2024, retail.economictimes.indiatimes.com
  Lal Sweets follows an omni-channel strategy, retailing its products across 4,000 modern trade outlets, 7,000 general trade outlets, quick-commerce platforms, e-commerce platforms, and its own website, according to the company. It also operates a travel-focused retail business with 40 outlets at various airports in the country…
• Blinkit seeing growth in smaller cities: Zomato CFO Akshant Goyal
  29 August 2024, retail.economictimes.indiatimes.com
  According to several brokerage firms, Blinkit contributes more to Zomato’s market cap than its mainstay food delivery business. The quick commerce platform, which was acquired by Zomato in 2022, plans to double the count of its dark stores, or micro warehouses, to 1,000 by the end of FY25 and to more than 2,000 by 2026…
• B2B e-tailer Moglix launches next-day delivery services
  29 August 2024, retail.economictimes.indiatimes.com
  ​Live in 12 cities, the service is currently being offered to large enterprises and SMEs. Moglix founder and CEO Rahul Garg shared that the e-commerce platform is planning to extend the service to 40 cities and over 10,000 stock-keeping units in the next six to twelve months…
• Apple’s global revenues to cross $400 billion for 1st time this year: Report
  29 August 2024, retail.economictimes.indiatimes.com
  “After a decline in 2023, 2024 will see growth in several key hardware categories driven by multiple launches. Then there is also a promise of Apple Intelligence being implemented across hardware segments, which has once again created some excitement and could drive upgrades,” Tarun Pathak, Director, Counterpoint Research said…
• Tanishq and De Beers Group partner to expand natural diamond market in India
  29 August 2024, retail.economictimes.indiatimes.com
  Tanishq and De Beers Group have formed a partnership to grow the natural diamond market in India through consumer education and outreach. This collaboration will highlight the value and rarity of natural diamonds, leveraging India’s position as the second largest market globally. The initiative includes a comprehensive marketing campaign aiming to build awareness and attract new customers…
• Trent to Open first Zudio store in Dubai next month
  29 August 2024, retail.economictimes.indiatimes.com
  Retailer Trent, led by Noel Tata, is launching its first overseas Zudio store in Dubai next month, targeting the Indian diaspora. The store will be located in Silicon Oasis Mall. Following significant growth in India, Zudio now contributes over a third of Trent’s total revenue. Expansion plans will depend on the store’s performance…
• Quick commerce on Govt radar; ministries assess impact on kirana stores
  29 August 2024, moneycontrol.com
  Several government ministries have initiated a plan to assess the impact of the rapid expansion of quick-commerce on traditional mom-and-pop stores or kiranas, a government official said on the condition of anonymity…
• GRM Overseas acquires 44% stake in Rage Coffee
  29 August 2024, retail.economictimes.indiatimes.com
  GRM Overseas has taken a major step by acquiring a 44 per cent equity stake in Rage Coffee’s parent company, Swmabhan Commerce. This investment aligns with GRM’s strategy to grow in digital-first and health-focused markets. The partnership aims to expand Rage Coffee’s domestic and international presence, leveraging GRM’s deep industry expertise and distribution capabilities…
• Zomato introduces food expense management platform ‘Zomato for Enterprise’
  29 August 2024, retail.economictimes.indiatimes.com
  “Excited to introduce Zomato for Enterprise (ZFE), a platform designed for companies to solve food expense management. A lot of Zomato orders placed by corporate employees are business-related and need to be reimbursed by the company. The reimbursement process is cumbersome and time-consuming,” Zomato CEO Deepinder Goyal said…
• Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef
  29 August 2024, retail.economictimes.indiatimes.com
  Godrej Enterprises Group plans to invest around Rs 4,000 crore to streamline its 14 verticals and boost its consumer-first and nation-first businesses. This includes enhancing its real estate holdings in Mumbai and building its furniture brand Interio into a lifestyle label while focusing on organisational agility and performance…
• Apparel Group Expands into Dehradun and Gandhinagar with Global Brands
  29 August 2024, indianretailer.com
  In a strategic move to tap into the potential of Tier II markets in India, global fashion and lifestyle retail conglomerate Apparel Group has opened new stores in Dehradun, Uttarakhand, and Gandhinagar, Gujarat…
• Tasva Opens Flagship Store in Hyderabad’s Himayatnagar
  29 August 2024, indianretailer.com
  Tasva, the men’s wedding and occasion wear brand from ABFRL in collaboration with designer Tarun Tahiliani, has launched its flagship store in Himayatnagar, Hyderabad. Spanning 4,823 square feet, this new location is positioned in one of the city’s prominent areas, aiming to become a key player in men’s fashion retail in India…
• Tanishq Expands Presence with New Showroom in Muscat
  29 August 2024, indianretailer.com
  Tanishq has inaugurated its first showroom in Muscat, located at The Oman Avenues Mall, in collaboration with Khimji Ramdas, a major business conglomerate in Oman. This expansion into Oman signifies a significant step in Tanishq’s growth, bringing its renowned jewellery collection to a new market…
• Libas Unveils Largest Flagship Bridal Store in Lajpat Nagar
  29 August 2024, indianretailer.com
  Libas, a prominent city-based fast fashion omnichannel ethnic wear brand, has opened its largest flagship bridal store in Lajpat Nagar. Covering an impressive 11,000 sq. ft. across five floors, this new store represents a major expansion for the brand…
• Levi’s Revamps Mumbai Stores to Enhance Retail Experience
  29 August 2024, indianretailer.com
  Levi’s has unveiled two newly revamped ICON stores in Mumbai, located on Linking Road and within Infiniti Mall in Malad. These updates reflect Levi’s continued focus on the direct-to-consumer model and its growth strategy in key international markets, including India…
• Snitch Expands Retail Presence in India with 21st Outlet in Mangalore
  29 August 2024, indianretailer.com
  Snitch, a key player in India’s men’s fashion segment, has launched its 21st retail outlet on K S Rao Road, Mangalore. This strategic expansion enhances the brand’s presence in Karnataka’s retail market, particularly in one of Mangalore’s busiest commercial hubs known for its vibrant shopping environment and high footfall of fashion-conscious consumers…
• Apparel Group Unveils Six New Retail Outlets in Dehradun and Gandhinagar
  29 August 2024, indianretailer.com
  Global fashion and lifestyle retail giant Apparel Group is expanding its reach by bringing international brands to Dehradun, Uttarakhand, and Gandhinagar, Gujarat. The newly opened stores in these cities will feature popular brands such as Beverly Hills Polo Club, Bath & Body Works, Aldo, and R&B…
• MiniKlub Expands Presence with New Store in Ajmer
  29 August 2024, indianretailer.com
  MiniKlub, India’s premier kidswear brand, has announced the grand opening of its newest store at Mittal Mall in Ajmer. This new outlet represents a significant expansion of MiniKlub’s footprint in Rajasthan, reflecting the brand’s dedication to quality, style, and comfort for children…
• Turkish Hazelnuts Launched in India with Major Four-Year Campaign
  29 August 2024, indianretailer.com
  Turkish Hazelnuts, renowned globally as the ‘miracle nut,’ have been officially launched in India through a significant four-year campaign initiated by the Turkish Hazelnut Exporters Associations…
• Roastea Expands to HRBR Layout, Bangalore
  29 August 2024, indianretailer.com
  Roastea, a well-regarded name in the culinary landscape, has opened its newest outlet in HRBR Layout, Bangalore. This new location follows the success of the flagship store in Koramangala and aims to continue Roastea’s tradition of high-quality dining…
• Cafe Avocado by Miss Margarita Opens its Doors in Goa
  29 August 2024, indianretailer.com
  Avocado Cafe has recently opened its doors in Vagator, Goa, providing a coffee shop and all-day cafe that highlights food that has avocado as its central ingredient. The crew behind Miss Margarita by Arriba, lead by Chef Noah Barnes, is behind this project as well…
• Café Delhi Heights Expands to Srinagar with New Outlet
  29 August 2024, indianretailer.com
  Café Delhi Heights has opened its newest outlet in Srinagar, marking its first location in the Kashmir Valley. Located at Silver Square, Jawahar Nagar, the new two-story café offers a welcoming atmosphere with views of the surrounding mountains…
• The Bier Library Opens New Venue in Sarjapur with Expansive Offerings
  29 August 2024, indianretailer.com
  The Bier Library, a well-known literary-themed brewery in Bangalore, has introduced its latest venture, The Bier Library Volume 2, in the bustling area of Sarjapur. This new location merges the brewery’s expertise in craft beer with innovative architectural design to provide a unique experience for its patrons…
• Awfis join hands with Nyati Group to manage three lakh sq ft workspace in Pune
  28 August 2024, realty.economictimes.indiatimes.com
  Awfis Space Solutions will operate a total of 1,67,206 sq ft built up flexible workspaces at Nyati Empress in Viman Nagar and Nyati Enthral in Kharadi, Pune…
• Hyderabad civic body demolishes structures for Unity Mall
  28 August 2024, realty.economictimes.indiatimes.com
  In Raidurg Paigah village, GHMC and revenue officials, protected by police, demolished structures for a new Unity Mall on 5.8 acres, sparking protests. Residents, claiming ownership, said no prior notice was given. TLIDC stated they own the land, and the demolition was according to mall owners’ request. The matter is pending in court…
• Elan Group awards over Rs 500 crore construction contract to Leighton Asia
  28 August 2024, realty.economictimes.indiatimes.com
  The mall will span approximately nine acres with a total built-up area of about 2.5 million sq ft. The construction is expected to begin in November 2024 and is designed by BENOY, an architectural firm…
• Big B’s family office picks up small stake in Swiggy
  28 August 2024, retail.economictimes.indiatimes.com
  As the quick commerce sector continues to gather steam, it is attracting wealthy individuals as investors. Bollywood superstar Amitabh Bachchan’s family office has picked up a stake in small stake in IPO-bound Swiggy. Also, Motilal Oswal Financial Services chairman Raamdeo Agrawal has acquired a stake in Swiggy as well as Zepto…
• Amazon India set to launch quick commerce as competition swells
  28 August 2024, retail.economictimes.indiatimes.com
  Amazon has put together a plan to take on the quick commerce challenge in India, with its own offering which is slated to launch by early next year. The India unit of the etailer has handed over the responsibility of building its quick commerce strategy to senior executive Nishant Sardana as part of a rejig of the top leadership…
• Regional food brands embrace quick commerce for nationwide reach amid festive surge
  28 August 2024, retail.economictimes.indiatimes.com
  Regional and hyperlocal food and beverage brands are increasingly partnering with quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket’s BBNow to expand their reach nationwide and capitalize on the festive season’s demand surge. Brands such as Sweet Karam Coffee and Let’s Try are leveraging these platforms to overcome geographical limitations and make local flavors accessible across India…
• Virgio eyes house of brands strategy; plans offline foray
  28 August 2024, retail.economictimes.indiatimes.com
  Explaining Virgio’s marketing strategy, Nagaram stated, “We are not broadcasting to the entire world. Our marketing team has been very scientific to find the cohort of users, who connect to what we are trying to say. There are signals, as simple as people who are taking BluSmart as a cab – that is a customer we’re going after.”..
• Amazon launches AI assistant ‘Rufus’ in India
  28 August 2024, retail.economictimes.indiatimes.com
  Amazon has launched AI assistant Rufus for customers in India, which will help shoppers get product recommendations, compare customer responses etc. It is available in beta mode for now…
• Japan’s Suntory aims for greater US canned cocktail market share, bets on spirits expertise
  28 August 2024, retail.economictimes.indiatimes.com
  Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks giant that aims to become the global leader in the sector by 2030…
• Samoh Expands Footprint with Flagship Store in Hyderabad’s Jubilee Hills
  28 August 2024, indianretailer.com
  Ethnic wear brand Samoh, a premium offering from Tata Group’s retail arm Trent Ltd., has made a significant move by launching its first flagship store in Hyderabad…
• Corneliani Reopens Renovated Store at DLF Emporio, New Delhi
  28 August 2024, indianretailer.com
  Corneliani, a leading name in Italian luxury apparel, has marked the grand reopening of its newly renovated store at DLF Emporio, New Delhi, on August 24th, 2024. The newly redesigned retail space reflects the brand’s commitment to modern luxury and sophisticated style…
• Omaxe Chowk Welcomes Top Designer Stores in Old Delhi
  28 August 2024, indianretailer.com
  Omaxe Chowk, the iconic commercial hub located in the heart of Chandni Chowk, Old Delhi, has announced the opening of flagship stores by several prominent designer ethnic and fashion wear labels…
• 10 Best Luggage Brands in India
  28 August 2024, indianretailer.com
  Ready to elevate your travel style? The Indian luggage market is booming, with brands like Safari and Aristocrat seeing over 40 percent growth in affordable options, while premium names like Tommy Hilfiger, Samsonite, and Delsey double their presence…
• Decathlon to Invest Rs 933 Cr in India for Retail Expansion
  28 August 2024, indianretailer.com
  Decathlon, the French sports retailer, is set to invest €100 million (approximately Rs 933 crore) in India over the next five years to strengthen its retail and production operations. India, one of Decathlon’s fastest-growing markets, is poised to play a significant role in the company’s global expansion strategy…
• Raymond Lifestyle Ltd Expands Board with New Non-Executive Director
  28 August 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL) has announced the appointment of Rajiv Sharma as a Non-Executive Director, expanding its Board of Directors. Sharma, who brings over 30 years of global leadership experience, previously served as Group CEO of Coats Group, a leading manufacturer of threads and structural components for apparel and performance materials…
• Crown Basmati Rice Introduces New Diet Rice – Is This the Future of Healthy Eating?
  28 August 2024, retail.economictimes.indiatimes.com
  Crown Rice has introduced its latest product, Diet Rice, a premium low glycemic index (GI) Basmati rice tailored for health-conscious consumers in India and across its expanding global markets…
• Top 5 Streetwear Brands in India with a Blend of Culture and Style
  28 August 2024, indianretailer.com
  When hip-hop music and culture started to become more popular in India in the 1980s and 1990s, that is when streetwear emerged in the nation. People are keen to show their uniqueness via their attire, which has led to a growing interest in streetwear fashion as a result of this cultural shift…
• Mokobara Expands to Punjab with First Store at Amritsar’s Nexus Mall
  28 August 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has officially entered the Punjab market with the opening of its first store in the state at Nexus Mall in Amritsar. The announcement was made by Ayushi Yadav, Head of Business Development at Mokobara…
• Dreame Technology Debuts High-Performance Grooming Products in India
  28 August 2024, indianretailer.com
  Dreame Technology, a global leader in smart home appliances, has announced its entry into the personal grooming market with the launch of a new range of high-performance products in India…
• French Essence Expands into Men’s Grooming with New MENZ Brand
  28 August 2024, indianretailer.com
  French Essence, renowned for its top-tier perfumes, is expanding its offerings with the launch of MENZ, a new brand dedicated to premium grooming products for men. This new venture marks French Essence’s entry into the men’s grooming market, introducing a range of high-quality products including shaving foam, aftershave, hair spray, and other essential grooming items…
• Cricketer KL Rahul Invests in Metaman’s Premium Perfume Line
  28 August 2024, indianretailer.com
  GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
• Tribe Amrapali Expands Retail Footprint with New Store at Pune Airport
  28 August 2024, indianretailer.com
  In a retail landscape increasingly shaped by e-commerce, valued at around USD 55 billion, Tribe Amrapali, a sub-brand of the esteemed House of Amrapali, is making a significant impact by expanding its physical presence…
• Rebel Foods on Expansion Spree; Targets 120 Cities in Next Two Years
  28 August 2024, retail.economictimes.indiatimes.com
  Rebel Foods, that own brands like Behrouz Biryani, Faasos, Oven Story Pizza, amongst others is planning to expand its to 120 cities within the next two years…
• Los Cavos Brings Latin American Flavors to Bengaluru’s Indiranagar
  28 August 2024, indianretailer.com
  Los Cavos, Mumbai’s well-known Latin-American dining spot, is set to open its doors in Bengaluru’s Indiranagar this August. The new venture by V&RO Hospitality promises a menu rich in Peruvian cuisine and innovative cocktails, with Chef Rafael Estremadoyro García, a two-Michelin star chef, leading the culinary team…
• Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef
  28 August 2024, indianretailer.com
  Bengaluru Marriott Hotel Whitefield has announced the appointment of Chef Mohan Sawant as the new Executive Sous Chef. Bringing over 15 years of culinary experience, Chef Mohan is set to enhance the hotel’s dining offerings with his expertise in Western, Italian, and fusion cuisine…
• Blackstone, GIC among ten bidders for LOGOS India’s three logistics assets
  27 August 2024, realty.economictimes.indiatimes.com
  Global investment giants such as Blackstone, GIC, and Mitsui OSK Lines have submitted bids to acquire LOGOS India’s logistics assets. These assets, spanning nearly 5 million sq ft in Chennai and Haryana, are reported to have an occupancy rate of over 95%…
• Goa: Chimbel residents to oppose Unity mall
  27 August 2024, realty.economictimes.indiatimes.com
  ​​The gram sabha members argued that the proposed location for the mall is “a wetland area adjacent to Chimbel lake”, which is considered ecologically fragile. They said that the site must be conserved and that no construction should be allowed…
• How DavaIndia is offering quality products at affordable prices?
  27 August 2024, retail.economictimes.indiatimes.com
  Dr Sujit Paul, Group CEO of Zota Healthcare shares how the company is catering to the masses by offering them pleothra of quality products at comparatively affordable prices. He also spilled the beans on how the company is planning to capture the consumers online…
• Raymond Lifestyle appoints Rajiv Sharma as non-executive director
  27 August 2024, retail.economictimes.indiatimes.com
  The appointment follows Raymond’s plan to list the demerged business – Raymond Lifestyle Limited, in early September…
• FSSAI withdraws advisory on removal of claims of ‘A1′, A2’ types of milk, milk products
  27 August 2024, retail.economictimes.indiatimes.com
  The Food Safety and Standards Authority of India (FSSAI) has withdrawn its advisory that directed food businesses to remove ‘A1’ and ‘A2’ claims from milk products packaging. This step allows companies to continue marketing products with these claims. The decision comes after a need for further consultations with stakeholders was identified…
• Prasuk Jain Hospitality to invest Rs 180 crore to expand its presence to 50 centers by this fiscal end
  27 August 2024, retail.economictimes.indiatimes.com
  The company, which closed the last fiscal with Rs 180 crore in topline, is aiming Rs 480 crore in topline by this fiscal year end…
• ITC shifts gears with new food range for those over 45
  27 August 2024, retail.economictimes.indiatimes.com
  ITC Foods is turning its attention to consumers aged 45 and above, a group frequently overlooked for younger demographics. Known for brands like Aashirvaad atta and Sunfeast biscuits, ITC is launching a new health-focused line, including upma, oats, cookies, and enriched atta, under the “right shift” brand…
• KL Rahul invests in Drip Project’s perfume brand Metaman
  27 August 2024, retail.economictimes.indiatimes.com
  KL Rahul, Indian cricketer, has invested in and become the brand ambassador for Metaman, a premium fragrance range by Drip Project. Founded in 2022, Metaman aims to offer high-quality products to modern Indian men. Rahul’s involvement highlights his interest in significant projects, marking a long-term investment beyond his cricketing career…
• Janmashtami festivities drive business across India, sales exceed Rs 25,000 crore: CAIT
  27 August 2024, retail.economictimes.indiatimes.com
  Janmashtami celebrations across India resulted in a business surge of over Rs 25,000 crore, according to CAIT. The festival, marked by significant sales of flowers, sweets, and decorative items, was celebrated with great enthusiasm, particularly in North and West India, underscoring its economic significance…
• BigBasket set to fully play in quick commerce league
  27 August 2024, retail.economictimes.indiatimes.com
  Once the largest online grocery player in the country, Tata-owned BigBasket fell behind the young quick commerce upstarts as the new model of rapid deliveries caught customer fancy. The 13-year-old firm is now charting a comeback in this space…
• Value-for-money fashion spurs Trent’s 129% surge
  27 August 2024, retail.economictimes.indiatimes.com
  Trent’s sales surged 56% in the latest quarter, surpassing rivals such as Avenue Supermarts Ltd. and Aditya Birla Fashion & Retail Ltd., even as extreme heatwaves and recent national elections suppressed consumption in India. ..
• Solitaire sales may sparkle this festive season on lower prices
  27 August 2024, retail.economictimes.indiatimes.com
  Indians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectations for strong solitaire sales during the upcoming festive season, according to jewellers. The cost of the most popular 1-carat solitaire diamonds has decreased from Rs 4.2 lakh last Diwali to Rs 3.4 – 3.5 lakh currently. This reduction has made these gemstones more accessible for consumers, especially for wedding rings…
• India’s gold duty cut likely to spark buying spree during festivals
  27 August 2024, retail.economictimes.indiatimes.com
  Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said…
• Millets in a bottle: Whisky companies go vocal for local
  27 August 2024, retail.economictimes.indiatimes.com
  Historically, Scottish and Irish distillers have used barley as their primary grain, while Canadians and Americans use corn, rye, and wheat. India does not have a dominant global indigenous liquor similar to Baiju in China or Japanese rice wine Sake. The market is dominated by locally produced and adapted versions of European spirits, called Indian-made foreign liquor (IMFL), despite nearly every state having its own version of distilled spirit…
• Zomato to announce a dedicated going-out app soon
  27 August 2024, retail.economictimes.indiatimes.com
  Zomato recently purchased the events and movie ticketing arm of Paytm. In a letter to the shareholders, Zomato CEO Deepinder Goyal said that the company will soon bring a dedicated app for going-out. Stating that the food delivery platform wants to position District as the brand that consumers turn to when they are thinking of going out, Goyal also listed details of the upcoming app…
• GreenPioneer Mobility India Launches NonStop Retail Stores for Mobility Solutions
  27 August 2024, indianretailer.com
  GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
• How bigbasket is Transforming India’s Retail Industry with Eco-Friendly Practices and Fair Pricing on Organic Products!
  27 August 2024, indianretailer.com
  As India’s leading online grocery retailer, bigbasket has taken on the responsibility of not only delivering quality groceries to millions of homes but also setting new benchmarks in sustainability and ethical practices…
• When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success
  27 August 2024, indianretailer.com
  With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
• $5 Billion in Funding Powers India’s D2C Retail Surge – What’s Driving the Growth?
  27 August 2024, indianretailer.com
  India’s retail scene is in the midst of a massive transformation, with Direct-to-Consumer (D2C) brands leading the charge. The COVID-19 pandemic has turbocharged the D2C model, allowing brands to skip traditional retail channels and connect directly with consumers…
• Shobitam Expands Global Reach with Acquisition of Isadoralife
  27 August 2024, indianretailer.com
  Shobitam, a prominent D2C ethnic fashion brand, has announced its acquisition of Isadoralife, a leading ready-to-wear saree brand. This strategic acquisition aims to bolster Shobitam’s global presence and propel the growth of ethnic fashion on an international scale, while contributing significantly to the fashion startup ecosystem in India…
• Marico Introduces Hair & Care Oil in Serum: Style and Nourishment in One
  27 August 2024, indianretailer.com
  Marico Ltd.’s Hair & Care brand, known for delivering up to 100 percent damage repair, has announced the launch of its innovative Hair & Care Oil in Serum. This new product combines the styling benefits of a serum with the nourishing power of almond oil…
• Velocity Unveils Rs. 400 Cr Fund for D2C Brands Ahead of Festive Season
  27 August 2024, indianretailer.com
  Velocity, India’s leading cash flow-based financing platform, has announced a significant allocation of Rs.400 crore to support the financing needs of D2C and E-commerce brands in preparation for the upcoming festive season sales…
• Goodveda Plans $1 Mn Fundraising as Revenue and Customer Base Soar
  27 August 2024, indianretailer.com
  Goodveda, a fast-emerging D2C startup specializing in supplements, Ayurvedic remedies, snacks, and wellness programs, is poised for significant growth in both revenue and customer base…
• PowerMax Launches Global Expansion, Targeting Key Fitness Markets Worldwide
  27 August 2024, indianretailer.com
  PowerMax, India’s leading fitness equipment brand, has announced its global expansion into countries such as Qatar, Saudi Arabia, the UK, and Dubai…
• epres by Eric Pressly Launches in India, Pioneering Next-Gen Haircare Technology
  27 August 2024, indianretailer.com
  Eric Pressly, the visionary scientist and inventor renowned for his groundbreaking contributions to haircare, is set to introduce his latest innovation, epres, to the Indian market…
• NCDRC issues non-bailable warrant against Mantri Developers’ founder
  26 August 2024, realty.economictimes.indiatimes.com
  According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
• How Shein, Zudio can ride $50 billion opportunity in India
  26 August 2024, retail.economictimes.indiatimes.com
  The Fast Fashion sector in India saw a 30-40 per cent growth in FY24, significantly outpacing the overall fashion industry’s 6 per cent growth. Shein’s return with Reliance Retail aims to enhance the competitive landscape. Essential factors like trend identification, rapid production, efficient supply chains, and competitive pricing contribute to brands’ success in this booming market…
• ‘Fundamental principle of fashion retailing remains unchanged,’ says New Look’s founder Tom Singh
  26 August 2024, retail.economictimes.indiatimes.com
  Tom Singh, founder of New Look, discusses his retail journey and strategies for staying competitive. He highlights the importance of understanding customer needs and leveraging technology. Singh also shares his thoughts on the Indian market and his involvement with Ace Turtle, which supports international brands like Lee and Wrangler…
• Top FMCG brands bet big on functional food market
  26 August 2024, retail.economictimes.indiatimes.com
  Major food companies including ITC, Adani Wilmar, Tata Consumer, BigBasket, and Emami Agrotech are now prioritising functional foods tailored for health-conscious consumers. These products, ranging from low cholesterol ghee to low glycemic index foods, are sold at steep premiums. Limited supply and technology costs contribute to the higher prices…
• Premium consumer electronics sales growing faster online than in stores
  26 August 2024, retail.economictimes.indiatimes.com
  Online sales of high-value electronics such as air-conditioners, washing machines, and laptops grew significantly faster than offline sales in the first half of 2024. GfK-NielsenIQ data revealed a 17% increase in online consumer electronics sales compared to 12% offline. Consumers now prefer the convenience and better deals offered by online shopping platforms…
• Walmart’s exit raises questions about JD.com’s future
  26 August 2024, retail.economictimes.indiatimes.com
  Walmart announced this week a full exit from the Beijing-based e-commerce platform, selling off its $3.74 billion stake, which triggered a 10% slump in its share price and raised questions about JD.com’s ability to withstand the changed landscape. “JD.com’s stated strategy is to work with the manufacturers on low-cost versions of premium value goods, which sounds great, but I’m sceptical this will be the biggest driver of growth in the short term,” said tech analyst Rui Ma…
• Strong execution key to Zepto’s success
  26 August 2024, financialexpress.com
  Analysts also see Zepto as the best bet for investors in terms of direct exposure to quick commerce since other top players (Blinkit and BBNow) are deep-pocketed and already either acquired by top companies or run as a vertical by an established player (Swiggy Instamart)…
• Zomato launches ‘Order Scheduling’ feature; users can plan meals two days in advance
  26 August 2024, financialexpress.com
  Zomato, a food delivery platform, has released a new feature ‘Order Scheduling’ that lets users plan their meals up to two days in advance. This service represents a substantial improvement to the company’s offerings as it is currently offered in several major Indian cities…
• Wearables war: Chinese phone cos focusing on premium launches via bundled offerings
  26 August 2024, retail.economictimes.indiatimes.com
  Among brands that have recently forayed into the wearable segment, OnePlus already has two Google’s Wear OS-powered smartwatches in the market, priced well above the market average. These watches run on a customised Android operating system, with high-level integration with Android phones, competing with Samsung and Apple…
• Temasek in talks for up to $150-million bite of Rebel Foods
  26 August 2024, retail.economictimes.indiatimes.com
  Temasek, Singapore’s sovereign wealth fund, is in advanced talks to lead a $100-150 million investment in Rebel Foods, the parent company of brands such as Faasos and Behrouz Biryani, sources said. Started in 2011 by Jaydeep Barman and Kallol Banerjee, the company plans to go public in the coming 1-2 years…
• Zara Strengthens Presence in India with New Pune Store
  26 August 2024, indianretailer.com
  Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
• Hawkins Cookware Now Available in Just 10 Minutes via Swiggy Instamart
  26 August 2024, indianretailer.com
  In a move set to redefine convenience in kitchen shopping, Swiggy Instamart, India’s leading quick commerce platform, has announced the exclusive launch of Hawkins Cookers Limited products on its platform…
• Mamaearth Launches Kerala Thaali Hair Care Range in Strategic Retail Expansion
  26 August 2024, indianretailer.com
  Mamaearth has unveiled its Kerala Thaali Hair Care Range, marking a new chapter in its regional product innovation strategy. This latest offering reflects Mamaearth’s commitment to integrating India’s diverse cultural and natural elements into its product line…
• Bikaji Foods Acquires 55 Percent Stake in Ariba Foods for Rs 60.49 Cr
  26 August 2024, indianretailer.com
  Bikaji Foods International Ltd. has acquired a 55 percent equity stake in Ariba Foods Private Limited, a Ujjain-based company known for its snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment of Rs 60.49 crore will bolster Bikaji’s capabilities in frozen food production and broaden its market reach…
• When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success
  26 August 2024, indianretailer.com
  With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
• How Technology is Improving Last-Mile Delivery during Holiday Season
  26 August 2024, indianretailer.com
  India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo…
• The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience
  26 August 2024, indianretailer.com
  Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
• ASOS Enters India Exclusively Via AJIO
  26 August 2024, indianretailer.com
  India’s leading fashion e-tailer, AJIO, announced the exclusive launch of the iconic British fashion brand ASOS in India today. For the first time ever, Indian consumers can shop ASOS’s globally popular styles exclusively on AJIO…
• Indriya Showcases Indian Jewellery Craftsmanship in New Film
  26 August 2024, indianretailer.com
  Indriya, a division of the Aditya Birla Group, has unveiled a new film celebrating the artistry and heritage of Indian jewellery. Each piece at Indriya reflects a blend of traditional Kaarigari with modern design elements, presenting a contemporary take on classic jewellery styles…
• Brands For Less Partners with TJX Companies in Strategic Stake Sale
  26 August 2024, indianretailer.com
  Brands For Less (BFL Group), a prominent off-price retailer of fashion, homeware, and toys in the region, has announced a strategic agreement with global off-price retailer The TJX Companies, Inc. (TJX) to sell a 35 percent stake in its business…
• Quality Over Cost: The Surging Demand for Premium Dairy Brands
  26 August 2024, indianretailer.com
  Gone are the days when price was the sole deciding factor in the dairy aisle. Today, a new wave of health-conscious consumers is driving a surge in demand for premium dairy brands…
• NCDRC issues non-bailable warrant against Mantri Developers’ founder
  26 August 2024, realty.economictimes.indiatimes.com
  According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
• Reliance retail, UK footwear co Clarks end JV after 2 years
  24 August 2024, retail.economictimes.indiatimes.com
  Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, including those in Inorbit and DLF malls. Clarks initially entered India in 2011 with a partnership with Future Group, which later went bankrupt. Clarks’ future plans in India remain unclear…
• Amazon India set to tweak seller fees ahead of festive season
  24 August 2024, retail.economictimes.indiatimes.com
  Amazon India adjusted its seller fee structures starting September 9. Reduced commissions across multiple categories aimed at supporting sellers during the festive season, with a focus on low-priced products. Categories such as ethnic wear and home furnishings saw significant fee reductions, while others like backpacks and studded fine jewellery had fee increases…
• Bikaji Foods acquires 55% stake in Ariba Foods for Rs 60.5 cr
  24 August 2024, retail.economictimes.indiatimes.com
  “This strategic move not only strengthens our capacity for export growth but also supports our entry into the QSR segment. By integrating Ariba’s state-of-the-art production capabilities, we aim to enhance our frozen snacks and savouries manufacturing,” said Deepak Agarwal, MD, Bikaji Foods International…
• Quick-commerce vs e-commerce: Ready for the new pricefight in town?
  24 August 2024, retail.economictimes.indiatimes.com
  Quick-commerce operators like Blinkit, Swiggy Instamart, and Zepto matched prices with major ecommerce platforms Amazon and Flipkart, aiming to attract consumers. This strategy marked a shift from their previous 10-15% premium charges for instant deliveries. The move has triggered a price war and increased competition for faster services in the home delivery market…
• Reliance-owned Ajio expands its fashion portfolio with ASOS, marking British brand’s India debut
  24 August 2024, retail.economictimes.indiatimes.com
  Reliance-owned Ajio has launched British fashion brand ASOS on its platform, marking ASOS’s entry into the Indian online retail market. The partnership introduces over 3,000 ASOS products, including lines like ASOS Design and ASOS Luxe. This move enhances Ajio’s collection of exclusive international brands and targets young Indian fashion enthusiasts, the company said in a press release on Friday. ..
• Kisanserv plans to expand to 250 stores, create 6000 jobs in the next four years
  24 August 2024, retail.economictimes.indiatimes.com
  With this move, it expects to create 2,000 direct jobs and 4,000-5,000 indirect jobs, focusing on hiring from local communities and prioritising female staff…
• Metro Brands on track to set up 225 stores over two years, eyes 10-15% sales growth, says CFO
  24 August 2024, retail.economictimes.indiatimes.com
  Metro Brands, a Mumbai-based footwear retail company, is on track to open 225 stores over the next two financial years, supported by its regular cash accruals, and expects strong sales in the second half of this fiscal.“We anticipate sales growth of 10-15% and are guiding a long-term CAGR of 15-18%,” Kaushal Parekh, CFO of Metro Brands Limited, told ETCFO at the Retail CFO Summit held in Mumbai…
• Joyalukkas plans new online-only jewellery brand as market expands
  24 August 2024, financialexpress.com
  Unlike Titan and Kalyan Jewellers, which entered the online jewellery market through acquisitions—buying brands like Caratlane and Candere, respectively—Joyalukkas intends to pursue organic growth for its online expansion…
• UK brand Laura Ashley set to enter India
  24 August 2024, retail.economictimes.indiatimes.com
  Laura Ashley, an iconic British lifestyle brand, is set to enter the Indian market through a licensing model next year. Partnered with Bradford License India, they aim to launch in early 2025, focusing on textiles, soft furnishings, wallpaper, furniture, and upholstery. Products will be available through exclusive brand outlets and online platforms…
• Chanel buys 25% stake in niche Swiss watchmaker MB&F
  24 August 2024, retail.economictimes.indiatimes.com
  Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to increase its presence in watch-making…
• Britain’s JD Sports reports quarterly sales rise in volatile market
  24 August 2024, retail.economictimes.indiatimes.com
  British sportswear retailer JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year as the global macro environment remains volatile…
• FMCG distributors flag q-comm concerns in letter to govt
  24 August 2024, financialexpress.com
  The federation expressed concerns that the rise of quick commerce not only creates an uneven playing field but also threatens the livelihoods of millions of small retailers and distributors who have long been the backbone of India’s retail sector…
• Nestle replaces CEO Schneider with company veteran Freixe
  24 August 2024, retail.economictimes.indiatimes.com
  Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales…
• Brazilian brand Tropicool eyes expansion in India; aims to sell 30,000 litres of acai products this fiscal
  24 August 2024, retail.economictimes.indiatimes.com
  Tropicool, a Brazilian superfood brand, is expanding in India through Shop-in-Shop and franchise models. The brand aims to attract GenZ and millennial consumers with products tailored to Indian tastes. It currently has 11 outlets and plans to expand in cities including Pune, Delhi, Bangalore, and Goa, targeting 30,000 liters sales of acai products by the fiscal-end…
• Walmart partners with Burger King to offer discounted deals to members
  24 August 2024, retail.economictimes.indiatimes.com
  Walmart has collaborated with Burger King to provide its Walmart Plus members discounted meal benefits. Members can enjoy 25% off on digital orders at Burger King and receive a free Whopper burger every three months with any purchase, starting September. This move is aimed at competing with Amazon Prime and attracting price-conscious customers…
• India Inc’s high inventory shows consumption demand weakness
  24 August 2024, financialexpress.com
  Corporate India’s inventory levels are yet to fall to the relatively healthy levels reported before the pandemic, leave alone the still lower levels seen in the economy’s high growth phase during the first decade of the millennium…
• Zara Strengthens Presence in India with New Pune Store
  24 August 2024, indianretailer.com
  Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
• How Technology is Improving Last-Mile Delivery during Holiday Season
  24 August 2024, indianretailer.com
  India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo..
• The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience
  24 August 2024, indianretailer.com
  Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
• Modern Solutions for Rural Retail
  24 August 2024, irecwire.com
  Kirana stores in rural India are undergoing a significant transformation. Innovative efforts are modernizing these traditional retail hubs, bringing modern retail practices and technology to smaller towns and villages…
• French-Bagel Chain Bagelstein Enters India; Targets 100 Stores in 5 Years
  24 August 2024, indianretailer.com
  RI EXCLUSIVE: Bagelstein, a beloved French brand, known for its authentic bagels and vibrant, quirky atmosphere has entered India. The group has partnered with International franchisee firm FranGlobal to enter and expand its operation in India…
• Nothing Before Coffee Unveils Ambitious Global Expansion Plans
  24 August 2024, indianretailer.com
  India’s rapidly growing coffee chain, Nothing Before Coffee (NBC), is celebrating its 7th anniversary with a series of promotions and loyalty rewards, underscoring its strong presence in the retail and hospitality sectors across India…
• New San Francisco-Themed Restaurant Opens in Malviya Nagar
  24 August 2024, indianretailer.com
  A new restaurant offering an authentic taste of San Franciscan cuisine has opened at the Eldeco Centre in Malviya Nagar. This establishment is the first of its kind to bring the essence of San Francisco, California, to India. ..
• Zomato Discontinues Intercity Food Delivery Service ‘Legends’ After Two Years
  24 August 2024, indianretailer.com
  Zomato has decided to discontinue its intercity food delivery service, “Legends,” following two years of operation. Deepinder Goyal, CEO of Zomato, shared the update on the social media platform X (formerly Twitter), stating, “After two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.”..
• 818 Tequila Expands Its Reach to Mumbai
  24 August 2024, indianretailer.com
  Following a successful launch in Delhi, 818 Tequila, the award-winning brand founded by Kendall Jenner, has officially entered the Mumbai market. This expansion is a significant step in 818 Tequila’s strategy to establish itself as a leading choice for tequila enthusiasts across India…
• Zoya is well capitalised to meet the growing demand for luxury in India: Titan MD
  23 August 2024, retail.economictimes.indiatimes.com
  “In the coming few years, we foresee Zoya growing at the rate of 50 per cent CAGR because of the increasing opportunities in the luxury space,” CK Venkatraman, MD, Titan said…
• PE firm Warburg Pincus sells 6.45% in Kalyan Jewellers for Rs 3,584 cr
  23 August 2024, retail.economictimes.indiatimes.com
  “Pursuant to LODR regulations, we wish to inform you that basis an intimation dated August 21, 2024, received from Trikkur Sitarama Iyer Kalyanaraman, a share purchase agreement (SPA) has been executed on August 21, 2024, between Highdell Investment (Highdell), and the promoter of Kalyan Jewellers India Ltd,” the company said…
• What’s eating up Kellanova’s India Business?
  23 August 2024, retail.economictimes.indiatimes.com
  In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet…
• Dabur to set foot in South India: Co to set up Rs 400 cr manufacturing facility in Tamil Nadu
  23 August 2024, retail.economictimes.indiatimes.com
  Dabur has announced a Rs 400 crore investment to set up its first manufacturing plant in South India, located in Tamil Nadu’s SIPCOT Food Park. The project is anticipated to generate direct employment for 250 people and benefit local farmers. The new plant aims to meet growing demand in the southern market more effectively…
• Hangyo Ice Creams raises Rs 211 crore from Faering Capital
  23 August 2024, retail.economictimes.indiatimes.com
  Hangyo Ice Creams, a Mangaluru-based company, has secured funding worth Rs 211 crore from Faering Capital. The funds will be used to strengthen production capabilities and develop new offerings. This comes amid ice cream brands attracting venture capital funding…
• Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief
  23 August 2024, livemint.com
  Nestle SA chief executive officer (CEO) Mark Schneider has stepped down after almost eight years to be replaced by the fast-moving consumer goods (FMCG) company’s veteran Laurent Freixe at the top spot…
• BookMyShow’s business story gets Zomato’s Paytm plot twist
  23 August 2024, retail.economictimes.indiatimes.com
  BookMyShow may face strong competition from Zomato after its acquisition of Paytm’s ticketing business. Zomato plans to leverage its customer base and profits from other businesses to scale its new going-out vertical, aiming to grow its order value to over Rs 10,000 crore by FY26…
• Coca-Cola appoints Greishma Singh as Marketing VP
  23 August 2024, retail.economictimes.indiatimes.com
  Beverage maker Coca-Cola India has appointed Greishma Singh as vice-president, marketing. Singh moves from her current role as vice-president – customer and commercial leadership, where she led revenue growth management, value to market, customer value creation and a customer management group…
• Target raises 2024 profit forecast after price cuts boost quarterly sales
  23 August 2024, retail.economictimes.indiatimes.com
  Shares of the Minneapolis-based retailer rose 16%, touching a near four-month high of $167.40. The stock was set for its best day in over nine months after the chain said it expects 2024 profit in the range of $9.00 to $9.70 per share, up from its prior forecast of $8.60 to $9.60…
• India retained its growth momentum in Q1 of FY25, says FinMin’s monthly economic review
  23 August 2024, retail.economictimes.indiatimes.com
  As highlighted by the report, India’s key economic indicators present a positive outlook, underpinned by robust domestic activity, improving external trade, and growing capital flows. It also showed that perceived employment conditions show mixed signals, overall growth indicators suggest sustained momentum as FY25 progresses…
• Brands For Less sells 35% stake to TJX for $360 million
  23 August 2024, retail.economictimes.indiatimes.com
  Brands For Less (BFL Group) has sold a 35 per cent stake to The TJX Companies, enhancing its expansion plans beyond the GCC region. This deal, valuing BFL at $1.2bn, allows BFL to benefit from TJX’s strategic guidance and international expertise. Financial advisory was provided by deNovo Partners, and legal counsel by White & Case…
• Reliance Retail and Clarks End Joint Venture; UK Brand to Exit Indian Market
  23 August 2024, indianretailer.com
  Reliance Retail and UK-based footwear giant Clarks have ended their two-year joint venture, marking a significant shift in the retail landscape. The decision comes amid substantial disagreements over various terms of their partnership, according to sources familiar with the situation…
• Indian GDP Growth Slows to 6.0 pc in Q1 FY2025 Amidst Reduced Government Spending & Weaker Consumer Confidence
  23 August 2024, indianretailer.com
  The Indian economy is witnessing a temporary deceleration in its growth trajectory, as projected by ICRA. The year-on-year (YoY) expansion of the GDP is expected to moderate to a six-quarter low of 6.0 percent in Q1 FY2025, down from 7.8 percent in Q4 FY2024…
• BSH Expands Retail Footprint with New Bosch Brand Store in Bengaluru
  23 August 2024, indianretailer.com
  BSH Home Appliances Pvt. Ltd, a subsidiary of BSH Hausgeräte GmbH, the global leader in home appliances, has opened a new premium Bosch Brand Store in Bengaluru, Karnataka. This strategic expansion is part of BSH’s broader mission to introduce global retail standards in India…
• Funskool India Secures Rights to Manufacture and Distribute CATAN
  23 August 2024, indianretailer.com
  In a significant development for the retail sector in India, Funskool India Ltd has acquired the rights from Asmodee to manufacture and distribute the internationally renowned board game CATAN…
• How India’s Modern Trade Channels Achieved 2% FMCG Growth and 4% Tech Durables Surge in 2024
  23 August 2024, indianretailer.com
  India’s modern trade channels experienced a 2 percent growth in FMCG sales and a 4 percent increase in tech durables sales on a moving annual total (MAT) basis. This consistent growth contrasts with other markets in the Asia-Pacific region, where similar sectors have struggled to maintain momentum…
• Kalyan Jewellers Promoter Acquires Warburg Pincus Stake in Strategic Move
  23 August 2024, indianretailer.com
  In a significant retail development in India, Kalyan Jewellers’ promoter T.S. Kalyanaraman has acquired the remaining stake held by Warburg Pincus, marking the conclusion of the private equity firm’s strategic exit from the company…
• Dreame Technology Expands Home Cleaning Range in India
  23 August 2024, indianretailer.com
  Dreame Technology, a prominent name in smart home appliances, has unveiled its latest range of home cleaning products in the Indian retail market. The new lineup includes the intelligent robot vacuum and mop trio—D10 Plus Gen 2, D9 Max Gen 2, and L10 Prime—the H12 Dual Wet and Dry Vacuum, and the versatile Mova J10, J20, and J30 cordless stick vacuums…
• Inflection Point Ventures Exits Fashor with 33 Pc IRR, Achieves 3.75X Return
  23 August 2024, indianretailer.com
  Inflection Point Ventures (IPV), a leading angel investment platform in India’s retail sector, has successfully exited its investment in Fashor, a fashion brand specializing in trendy and affordable women’s wear…
• DECATHLON Aims to Grow Padel Market Share in India by 300 Pc
  23 August 2024, indianretailer.com
  DECATHLON, a global sports retail giant, is capitalizing on the growing popularity of padel in India. The company has announced an ambitious plan to expand its padel business by over 300 percent and capture 75 percent of the Indian market by 2026…
• Heineken Expands in Karnataka with Silver and Original Variants
  23 August 2024, indianretailer.com
  United Breweries Limited (UBL), India’s largest beer manufacturer and a key part of the HEINEKEN Company, has announced the availability of Heineken Silver and Heineken Original across Karnataka’s retail stores and bars…
• Sanjay Dutt Introduces The Glenwalk’s Zero-Calorie Ginger Ale
  23 August 2024, indianretailer.com
  Sanjay Dutt, a prominent Bollywood actor and long-time brand ambassador for The Glenwalk, has unveiled the latest addition to the premium Scotch whisky brand’s offerings: the Zero-Calorie Ginger Ale…
• Godrej Interio Announces Expansion with 10 New Kitchen Specialty Outlets by FY 2025
  23 August 2024, indianretailer.com
  Godrej Interio, the renowned home and office furniture division of Godrej & Boyce, has announced plans to launch 10 new kitchen specialty outlets across India by the end of the fiscal year (FY) 2025…
• boAt Introduces the Wanderer Smartwatch for Enhanced Child Safety in India
  23 August 2024, indianretailer.com
  In a notable advancement for retail and technology in India, boAt, the world’s second-largest audio and wearable brand, has launched the boAt Wanderer Smartwatch. This 4G-enabled smartwatch is designed to address key concerns of parental safety with features including real-time GPS tracking, geo-fencing, voice and video calling, and SOS alerts…
• STIM Oral Care Unveils Probiotic Toothpaste, Redefining Daily Dental Routine
  23 August 2024, retail.economictimes.indiatimes.com
  In a pioneering development in the field of dental care, STIM Oral Care has unveiled its latest innovation, the STIM Probiotic Toothpaste. This cutting-edge product is set to revolutionize oral hygiene by incorporating the power of dental probiotics, marking a significant advancement in the promotion of optimal oral health…
• Uppercase Raises $9M to Expand Sustainable Luggage in India
  23 August 2024, indianretailer.com
  Uppercase, the innovative and sustainable luggage brand, has raised $9 million in its Series B funding round, led by global venture capital firm Accel. This fresh infusion of capital will fuel the brand’s ambitious expansion plans, targeting a significant increase in its customer base across India…
• Piyush Goyal slams Amazon’s biz practices in India, questions losses and impact on local retailers
  22 August 2024, retail.economictimes.indiatimes.com
  Union Commerce Minister Piyush Goyal raised alarms about Amazon’s business practices, particularly its pricing strategies. “If you make a 6,000 crore loss in 1 year, does that not smell like predatory pricing to any of you?” he questioned…
• Zomato approves acquisition of Paytm’s entertainment ticketing business
  22 August 2024, retail.economictimes.indiatimes.com
  One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own…
• Decathlon India eyes Rs 8K cr revenue in next 3-5 years; plans Rs 900 cr investment, q-comm foray
  22 August 2024, retail.economictimes.indiatimes.com
  The investment is in line with the company’s ambitious plans to double its revenue to Rs 8,000 crore within the next 3-5 years. For FY24, Decathlon’s unaudited revenue stands at Rs 4,000 crore, Sankar Chatterjee, CEO, Decathlon India told ETRetail…
• Ambuja Neotia Group to invest Rs 2,000 crore to open two new malls
  22 August 2024, retail.economictimes.indiatimes.com
  Currently, the 6 existing malls span across 2 million sq ft retail space and the group is planning to add 1.5 million sq ft retail space with two upcoming malls…
• Grasim made Rs 20,000 cr capex in FY24, its largest ever: Chairman Kumar Mangalam Birla
  22 August 2024, retail.economictimes.indiatimes.com
  Grasim Industries has announced a record capital expenditure of nearly ₹20,000 crore for fiscal year 2023-24, marking its largest investment to date. Over the past five years, the company has invested nearly ₹50,000 crore, with over 75% dedicated to growth initiatives…
• Shiprocket’s D2C marketplace Zop in pilot stage: CEO Saahil Goel
  22 August 2024, retail.economictimes.indiatimes.com
  “The aim is to build a brand discovery platform: “It’s a destination for consumers to find unique D2C Indian brands, explore their stories and products, and eventually provide merchants ways to promote products via ads or sales commissions, which we will figure out later,” D2C marketplace called Zop managing director and chief executive Saahil Goel said…
• How much carbs in the food? Restaurants to be pulled up for lack of nutrition info
  22 August 2024, retail.economictimes.indiatimes.com
  The government decided to target restaurants failing to disclose nutritional information on their menus, impacting numerous establishments across India. Although required since July 2022, many restaurants remained non-compliant. FSSAI intended to send notices and enforce guidelines, enhancing consumer awareness about nutritional content in food. This move aimed to bolster food safety…
• Amul emerges as world’s strongest food and dairy brand, topping global rankings in Brand Finance Food & Drink 2024 Report
  22 August 2024, retail.economictimes.indiatimes.com
  Amul brand strength was evaluated with a Brand Strength Index (BSI) score of 91.0 out of 100, earning it the prestigious AAA+ rating. Amul’s performance in familiarity, consideration, and recommendation metrics solidified its position as a global leader in the food and dairy sectors. While Amul shines in brand strength, the report identifies Nestle and Lay’s as leaders in brand value. Nestle retained its title as the world’s most valuable food brand, despite a 7 per cent decline in brand value to USD 20.8 billion…
• Rural demand in FMCG sector will grow more in the coming quarters: Axis Securities
  22 August 2024, retail.economictimes.indiatimes.com
  Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth…
• India delivering double-digit sales growth of FMCG, tech durables from modern trade channels: Report
  22 August 2024, retail.economictimes.indiatimes.com
  India stands out as the sole market in the Asia-Pacific region showing consistent double-digit growth in FMCG and tech durable sectors through modern trade channels, driven by premiumisation and festive period sales, as per a report by NielsenIQ. The country holds a dominant position in modern trade sales, with premium-plus pricing segments representing a significant portion of both FMCG and tech durables sales…
• Meat startups take slow-cooking route to expand offline presence
  22 August 2024, financialexpress.com
  Encouraged by the massive size of the wet market in India, online meat and seafood delivery startups have started taking the offline route. But just like slow-cooked meat which tastes better, the online players are adopting a slow and steady approach for their offline foray…
• Keystone Realtors to invest Rs 900 crore in residential projects in FY25: Boman Irani, CMD
  22 August 2024, realty.economictimes.indiatimes.com
  Earlier this month, Keystone Realtors reported a 45 per cent decline in its consolidated net profit at Rs 25.82 crore for the June quarter of this fiscal on higher expenses…
• Titan Capital closes Rs 200-crore fund to double down on existing portfolio startups
  22 August 2024, retail.economictimes.indiatimes.com
  Titan Capital, founded by Kunal Bahl and Rohit Bansal, has raised Rs 200 crore for its new fund. The company aims to focus on its existMajor family offices and chief executives are a part of the new fund…
• Reliance-Owned Hamleys Launches Third Store in Italy at Oriocentre Mall
  22 August 2024, indianretailer.com
  Reliance-owned multinational toy retailer Hamleys has continued its expansion in Italy with the launch of its third store in the country, following its debut earlier this year. The Mumbai-based retail giant announced the opening through a social media post…
• Summercool to Open New Manufacturing Plant in Prayagraj
  22 August 2024, indianretailer.com
  Summercool, a prominent player in the home and kitchen appliances sector, is set to launch a new manufacturing facility in the Naini Industrial Area, Prayagraj. This development represents a key milestone in the brand’s expansion within the retail market in India…
• Furnitech Luxe Makes Offline Debut in Select Pepperfry Studios Across India
  22 August 2024, indianretailer.com
  Furnitech Luxe, a leading luxury furniture brand known for its opulent upholstered furniture, is set to make its offline debut in India through a partnership with Pepperfry. This strategic move marks a significant milestone for Furnitech Luxe as it expands its retail presence, allowing customers to experience its products firsthand in select Pepperfry studios…
• Odysse Electric Expands Presence to Over 150 Cities Across India
  22 August 2024, indianretailer.com
  Odysse Electric is significantly expanding its operations, reaching more than 150 cities across India. This expansion reflects the company’s commitment to advancing electric mobility in the retail sector and making sustainable transportation more accessible throughout the country…
• Stone Sapphire India Appoints Shobhit Singh as CEO to Drive Growth
  22 August 2024, indianretailer.com
  Stone Sapphire India Pvt Ltd has announced the appointment of Shobhit Singh as its new Chief Executive Officer (CEO). Previously serving as the Director, Singh’s promotion reflects a strategic move to enhance the company’s market position and broaden its reach within India’s retail sector..
• Pernod Ricard India Aims for Market Expansion with New Premium Whiskies
  22 August 2024, indianretailer.com
  Pernod Ricard India has unveiled a strategic plan to triple its revenue over the next decade by focusing on premiumization and innovation within India’s retail sector. As part of this initiative, the company introduced two new whiskies: Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky…
• adidas Honors 75-Year with Special Edition Sneakers
  22 August 2024, indianretailer.com
  adidas, a leading global sportswear brand known for its distinctive three-stripe trademark, is celebrating its 75th anniversary with the launch of a special sneaker collection. This milestone collection, featuring some of the…
• Kalpataru reports net loss of Rs 100.74 crore in FY24
  21 August 2024, realty.economictimes.indiatimes.com
  Mumbai-based Kalpataru Ltd has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises a fresh issue of shares, having a face value of Rs 10 each, aggregating up to Rs 1,590 crore…
• Four listed REITs distribute Rs 1,371 crore to unitholders in Q1 FY24
  21 August 2024, realty.economictimes.indiatimes.com
  Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders…
• Flutter Entertainment invests $3.5 million to open GCC in Hyderabad
  21 August 2024, retail.economictimes.indiatimes.com
  Spread over 80,000 sq ft and across three floors, the new hub will have space for over 700 employees working across data engineering, game integrity services, HR operations, procurement, safety and security and customer operations…
• Neville Tata takes charge as head of Star Bazaar, marking next generation leadership in Tata Retail
  21 August 2024, retail.economictimes.indiatimes.com
  Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said…
• We want to be a 10,000 cr brand : Abhiraj Bhal, CEO and Co-founder, UC
  21 August 2024, retail.economictimes.indiatimes.com
  From the biggest upcoming opportunities to Urban Company’s future plans and the gig economy’s rapid growth, Abhiraj Bhal, CEO & Co-Founder of Urban Company gets candid…
• ETRetailCafe: Meena and Siddharth Bindra on humble journey of brand BIBA
  21 August 2024, retail.economictimes.indiatimes.com
  Meena Bindra, Chairperson, BIBA, and Siddharth Bindra, MD, BIBA fondly share the journey of brand, its principles, value propositions and a lot more in this episode of ETRetailCafe…
• UBS pegs $15.4 billion enterprise value to Zomato’s Blinkit business
  21 August 2024, retail.economictimes.indiatimes.com
  UBS valued Zomato at $32.1 billion – a 15% premium over its current market capitalisation of $27.8 billion. As of July, the brokerage firm estimated Blinkit’s market share at 40-45%, with Swiggy’s Instamart at 20-25%, followed by Nexus Venture Partners-backed Zepto at 15-20%, and Big Basket’s BBNow at 10-15%…
• Puma looks to be a sports & performance-first brand
  21 August 2024, retail.economictimes.indiatimes.com
  Puma remains India’s top sports and apparel brand, recording a 10% sales rise last year and achieving ₹3,274 crore in revenue. The company aims to enhance its credibility in sports by partnering with the Athletics Federation of India and the Indian Olympic Association. Despite slowing demand, Puma focuses on maintaining growth through sports and performance products…
• Pernod Ricard plans to triple revenue by next decade; launches two new premium whiskies
  21 August 2024, retail.economictimes.indiatimes.com
  Pernod Ricard India announced the launch of two premium whiskies—Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky. This move is part of their strategy to triple revenue over the next decade by focusing on premiumisation and innovation in the Indian market. The company aims to leverage its strong market position…
• Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million
  21 August 2024, retail.economictimes.indiatimes.com
  Accel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail stores in India, Europe, and the Middle East. Uppercase plans to open 50 stores by March 2025 and aims to double its revenue to Rs 150 crore this fiscal year…
• Bagzone Lifestyles expands portfolio with an online exclusive brand Lavie Signature
  21 August 2024, retail.economictimes.indiatimes.com
  To launch Lavie Signature, the group has invested around Rs 5 crore and anticipates to continue investing a similar amount for the next 2-3 years before it starts seeing any significant ROI output…
• Amul named the world’s strongest food brand
  21 August 2024, financialexpress.com
  Septuagenarian Amul is now the world’s strongest food brand, says Brand Finance’s Global Food & Drinks Report 2024. Amul boasts a Brand Strength Index (BSI) score of 91 out of 100 and an AAA+ rating, according to the report…
• Third Wave Coffee, Riskcovry shortlisted for IIMA Ventures’ People and Culture Accelerator
  21 August 2024, thehindubusinessline.com
  The program is designed for startups across seed and Series A stages to help founders, team leaders and people leaders proactively address gaps in their people strategy and culture IIMA Ventures (formerly IIMA-CIIE) launched the second cohort of People and Culture Accelerator and has handpicked eight startups for the 3-month accelerator including companies like Third Wave Coffee, Toprankers, Riskcovry, Roopya…
• Food companies get 4 more months to exhaust packaging materials claiming 100% fruit juices
  21 August 2024, retail.economictimes.indiatimes.com
  The FSSAI has given food businesses an extension until December to use packaging materials claiming ‘100 per cent fruit juices’. This followed consultations and an earlier directive to remove such claims due to misleading marketing. Products manufactured before the new deadline can be sold until the end of their shelf life…
• Zappfresh acquires Mumbai-based Bonsaro to expand its online meat delivery business
  21 August 2024, retail.economictimes.indiatimes.com
  Zappfresh has taken over the entire operations and business of Bonsaro, including all assets, to expand its presence in the western region. With this acquisition, the company is expecting a revenue of Rs 160 crore in FY 25 with a significant jump in profit…
• Stone Sapphire India appoints Shobhit Singh as CEO
  21 August 2024, retail.economictimes.indiatimes.com
  Shobhit Singh said, “Our vision is to bring iconic and relevant brands to the Indian retail market, catering to diverse customer needs. We aim to achieve a significant milestone of clocking Rs 1,000 crore in revenue over the next four years while maintaining our commitment to quality and customer satisfaction.”​..
• How Fixderma is Leading India’s Skincare Industry with Data and Innovation
  21 August 2024, indianretailer.com
  Fixderma is a skincare solution brand that started 14 years ago, making its first appearance as an omnichannel brand. It is a leading dermaceutical giant in India with a wide range of skincare products created to enhance skin health and repair conditions…
• JR One Footwear Expands with Two New Factories in Tamil Nadu
  21 August 2024, indianretailer.com
  JR One Footwear Pvt. Ltd., a joint venture between Phoenix Kothari Footwear Ltd. and Taiwan-based ShoeTown Group, is set to expand its operations in Tamil Nadu by establishing two additional manufacturing facilities and leather component clusters in the state…
• YesMadam Opens Tech-Driven Flagship Salon in Delhi-NCR
  21 August 2024, indianretailer.com
  YesMadam has unveiled its first tech-driven flagship salon in Delhi-NCR, marking a significant step in integrating technology with luxury in India’s retail beauty industry. This salon introduces innovative features that aim to elevate the customer experience in the salon and wellness space…
• Casa India Expands Retail Presence with Third Outlet in Kolkata
  21 August 2024, indianretailer.com
  Casa India, a leading name in India’s luxury home décor sector, has announced the opening of its third outlet in Kolkata, located at Kankurgachi. This expansion follows the successful operation of its other stores at City Centre Mall, Salt Lake, and Nager Bazar, further solidifying the brand’s presence in the city’s retail landscape…
• Yousta by Reliance Retail Debuts at Ambience Mall, Gurugram
  21 August 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s youth-centric fashion brand, Yousta, continues its expansion with the grand opening of a new store at Ambience Mall in Gurugram. This launch marks a significant milestone for the brand, which has quickly gained popularity for its trendy yet affordable fashion offerings aimed at young consumers…
• D2C Fashion Brands Highlander and Tokyo Talkies Make Offline Retail Debut
  21 August 2024, indianretailer.com
  Bengaluru-based Brand Studio Lifestyle is marking a significant milestone as its direct-to-consumer (D2C) fashion brands, Highlander and Tokyo Talkies, venture into offline retail. The company has recently expanded its physical presence with the opening of 13 new stores this month alone…
• Acer India Debuts AI-Powered Nitro V 16 with AMD Ryzen 8040 at Rs. 1,09,999
  21 August 2024, indianretailer.com
  Acer, a leading brand in the PC industry, has launched its first fully AI-integrated gaming laptop, the Acer Nitro V 16, marking a new era in gaming technology. This innovative device is designed to redefine the gaming experience with its advanced features and powerful performance…
• Zepto’s Raksha Bandhan Delivery Success Highlights India’s Growing E-comm Reach
  21 August 2024, retail.economictimes.indiatimes.com
  In a remarkable demonstration of logistics and retail efficiency in India, Zepto celebrated Raksha Bandhan by facilitating the delivery of over 1.4 million “Shagun ka Lifafas” across the country…
• Bagzone Lifestyles Unveils Lavie Signature: A New Online-Exclusive Premium Brand
  21 August 2024, indianretailer.com
  Bagzone Lifestyles Pvt Ltd, the company behind the renowned brands Lavie and Lavie Luxe, has announced the launch of Lavie Signature, a new standalone online-exclusive brand. Positioned between the beloved Lavie and the luxurious Lavie Luxe, Lavie Signature aims to redefine the concept of premium fashion by offering high-quality, stylish bags at affordable price points…
• Shapoorji Pallonji Group consolidates its real estate holdings under SPRE
  20 August 2024, realty.economictimes.indiatimes.com
  The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. ..
• Alibaba affiliate may sell 1.54% stake in Zomato
  20 August 2024, retail.economictimes.indiatimes.com
  Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ₹3,400 crore. The shares were priced at ₹251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year…
• Mid-sized global restaurant chains find Indian market palatable
  20 August 2024, retail.economictimes.indiatimes.com
  Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines…
• Happy meals not making Indians happy anymore? McDonald’s, Burger King & other QSR brands losing their mojo in India
  20 August 2024, retail.economictimes.indiatimes.com
  Interest in international quick service restaurant (QSR) chains like McDonald’s, Burger King, and Pizza Hut is waning among Indians, prompting these brands to focus on value offerings to attract customers. The rise of modern food brands backed by venture capital and the popularity of food delivery platforms like Zomato and Swiggy have intensified competition, making it harder for global QSR giants to draw in diners…
• Retail sales grow a mere 2% in July
  20 August 2024, retail.economictimes.indiatimes.com
  Retail sales across India grew by a modest 2% in July 2024 compared to 2023, as per the Retailers Association of India. West India saw the highest growth at 3%. Food and grocery segments registered the highest increase at 6%. There is a need for strategic measures to boost consumer demand and attain sustainable growth…
• Canada’s Couche-Tard looks to take over 7-Eleven owner
  20 August 2024, retail.economictimes.indiatimes.com
  Alimentation Couche-Tard made a proposal to acquire Seven & i Holdings, aiming to create the world’s leading operator of convenience stores. This preliminary bid remains non-binding, and a special committee will review it. Seven & i’s shares surged amid the news, reflecting investor interest enhanced by recent market strategies and weak yen dynamics…
• Licious bets on offline model after success in online market
  20 August 2024, financialexpress.com
  After cracking the online market, meat and seafood direct-to-consumer (D2C) unicorn Licious is now focusing on offline expansion. The company is looking to open 25 offline stores by the end of FY25, mostly in Bengaluru…
• Saudi perfumer Al Majed For Oud plans to list 30% stake on local bourse
  20 August 2024, retail.economictimes.indiatimes.com
  The Gulf region has seen a flurry of IPOs in recent years as governments in Saudi Arabia and the United Arab Emirates in particular seek to deepen capital markets and attract investment. Several private companies have also decided to go public this year, including UAE supermarket franchisee Spinneys…
• H&M India Introduces Home Concept Store in Mumbai
  20 August 2024, indianretailer.com
  H&M India, the international retail brand known for its blend of fashion and quality, has launched its H&M Home concept store in Mumbai at Phoenix Marketcity, Kurla. This new addition to the retail landscape in India brings a unique combination of fashion and home décor to the city, offering a diverse range of products that cater to varied customer preferences…
• Kalyan Jewellers Expands in Haryana with New Ambala Showroom
  20 August 2024, indianretailer.com
  Kalyan Jewellers has expanded its retail presence in India with the launch of a new showroom in Ambala, Haryana. Located at Partap Nagar, Kalka Chowk on GT Road, this marks the company’s ninth showroom in the state, further solidifying its footprint in the region…
• NCLT Sanctions Merger of TCNS Clothing into Aditya Birla Fashion and Retail
  20 August 2024, indianretailer.com
  The National Company Law Tribunal (NCLT) Mumbai Bench has approved the merger of TCNS Clothing Co. with Aditya Birla Fashion and Retail (ABFRL) under a Scheme of Amalgamation by way of Merger by Absorption…
• Sanjay Singhal Joins Wagh Bakri Tea Group as CEO After Successful ITC Tenure
  20 August 2024, indianretailer.com
  Sanjay Singhal, former Chief Operating Officer (COO) of ITC, has taken the reins as the Chief Executive Officer (CEO) of Wagh Bakri Tea Group. With a distinguished career spanning multiple top-tier companies, Singhal’s transition marks a significant leadership change for the 132-year-old tea brand…
• Amala Earth Concept Store Debuts Saphed’s Sustainable Mool Range
  20 August 2024, indianretailer.com
  Amala Earth Concept Store has introduced the Mool collection by Saphed, marking a notable advancement in natural fiber fashion in India’s retail landscape. This exclusive collection showcases a new direction in sustainable fashion, featuring cotton linen, an innovative material that complements Saphed’s minimalist design philosophy…
• Tira Expands Product Portfolio with Korean Skincare Brand Mixsoon
  20 August 2024, indianretailer.com
  Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
• Highlander and Tokyo Talkies Expand Into India’s Offline Retail Market
  20 August 2024, indianretailer.com
  Highlander and Tokyo Talkies, two popular brands from the House of Brand Studio Lifestyle, are making a significant move into the offline retail market in India. Known for their appeal among Gen Z and their focus on data-driven fashion, these brands have made a name for themselves as digital-first entities…
• Snitch Expands Retail Presence in India with New Store at Inorbit Mall Vashi
  20 August 2024, indianretailer.com
  In a move to strengthen its retail footprint in India, Inorbit Mall Vashi, Navi Mumbai’s prominent shopping destination, has launched Snitch, a fast-growing men’s fashion brand known for its trend-responsive designs. Snitch, which has rapidly gained popularity since its inception in 2020, opened its new store on August 15…
• Carbon Café Introduces Jaipur’s First “Kitchen Rave” Event
  20 August 2024, indianretailer.com
  Carbon Café recently hosted Jaipur’s inaugural “Kitchen Rave,” a unique event that combined food, music, and coffee to create a distinct social experience. Held on August 15 from 5 PM to 8 PM, this event drew together food enthusiasts and coffee aficionados for a gathering reminiscent of a lively house party…
• Bombay Cartel Launches Their New Outlet in Kala Ghoda, Mumbai
  20 August 2024, indianretailer.com
  Bombay Cartel, an intriguing new dining destination, has launched in the Kala Ghoda, Fort district of South Mumbai. Situated in this area rich in history and culture, the restaurant blends modern style with the unique artistic character of Kala Ghoda…
• Pune’s Burger King Wins 13-Year Old Trademark Battle Against Global QSR Chain
  20 August 2024, indianretailer.com
  Global fast food chain Burger King has lost a 13-year legal battle against a namesake eatery in Pune, with a commercial court in the district dismissing the company’s trademark infringement lawsuit…
• Tira Adds Korean Skincare Brand Mixsoon to India Portfolio
  20 August 2024, indianretailer.com
  Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
• Accor and Brigade Hotel Ventures Launch ibis Styles Mysuru, Expanding Presence in Karnataka
  20 August 2024, indianretailer.com
  Accor, a leading global hospitality group, and Brigade Hotel Ventures Ltd. (BHVL) have announced the opening of their first ibis Styles property in Karnataka, marking a significant addition to the hospitality sector in the region…
• How Ultra is Expanding Its 40-Year Legacy from Entertainment to the Toy Aisle
  20 August 2024, indianretailer.com
  With a legacy spanning 40 years, Ultra Group has been a pioneering force in the entertainment industry, excelling in content production, acquisition, distribution, and syndication of both Indian and international content…
• Omaxe’s net loss widens to Rs 147.44 crore in Q1 FY25
  19 August 2024, realty.economictimes.indiatimes.com
  The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13…
• Macrotech Developers’ net debt rises 43.5% to Rs 4,320 crore in Q1 FY25
  19 August 2024, realty.economictimes.indiatimes.com
  According to its latest investors presentation, Macrotech Developers’ net debt stood at Rs 4,320 crore as of June 30, 2024, against Rs 3,010 crore at the end of the March quarter of 2023-24…
• Kolte-Patil Developers’ CFO resigns
  19 August 2024, realty.economictimes.indiatimes.com
  ​In a regulatory filing on Saturday, the company informed that Jena resigned on 17 August 2024 to “pursue professional opportunities outside the organization”…
• Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur
  19 August 2024, retail.economictimes.indiatimes.com
  US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
• Azorte Expands with New Premium Fashion Store in Vadodara
  19 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
• Top 5 Sibling Entrepreneurs Revolutionizing Indian Retail
  19 August 2024, indianretailer.com
  Rakhsha Bandhan is the celebration of the bond between brothers and sisters. On this occasion, Indian Retailer looks at those dynamic sibling entrepreneurs who have heralded successful businesses while navigating through numerous challenges in the retail industry…
• Online Businesses are fuelling India’s Pre-Owned smartphone industry
  19 August 2024, indianretailer.com
  India is home to 659 million smartphone users, the second largest smartphone user base in the world. Internet penetration, mobile-first infotainment and financial platforms, and superlative camera features are some of the contributing factors to the growth of smartphone aspirations, even in Tier II and below towns…
• How Fashion Brands Are Changing the Retail Game in 2024
  19 August 2024, indianretailer.com
  By 2024, the fashion industry will look very different thanks to new technologies and a focus on customers and the environment. Fashion brands are not just selling clothes or accessories anymore; they are creating exciting, personalized shopping experiences that make old retail models seem outdated…
• VAHDAM INDIA & Paramount Launch ‘Emily in Paris’ Tea Collection
  19 August 2024, indianretailer.com
  Global wellness brand VAHDAM INDIA has announced a captivating new collaboration with Paramount, unveiling the VAHDAM INDIA X Emily in Paris Limited Edition Collection of Wellness Teas…
• FabriCare Unveils New Campaign Featuring Bollywood Stars Ranbir Kapoor and Alia Bhatt
  19 August 2024, indianretailer.com
  FabriCare – High-Performance Fabrics by D’Decor has announced its latest campaign, featuring Bollywood’s celebrated couple, Ranbir Kapoor and Alia Bhatt. Directed by the renowned Karan Johar under his banner Dharma 2.0 and conceptualized by 82.5 Communications, the campaign celebrates the essence of “Beauty that needs no protection,” showcasing FabriCare’s innovative fabrics amidst the everyday drama of home life…
• Medusa Beverages and Warner Bros. Unveil ‘House of the Dragon’ Inspired Beer Collection
  19 August 2024, indianretailer.com
  Medusa Beverages, the iconic home-grown beer brand, has announced an exciting partnership with Warner Bros. Discovery Global Consumer Products to launch an exclusive “House of the Dragon” inspired beer collection…
• Festive season begins with a bang: quick commerce sees jump in sales
  19 August 2024, retail.economictimes.indiatimes.com
  Blinkit and Zepto saw increased sales and expanded their product ranges for the festive season, targeting doubled SKUs for Diwali. With significant sales spikes for Rakshabandhan, the platforms also emphasised discounts and international orders. Mumbai-based rival Zepto said it aimed to deliver 3.5 million orders in the three days leading up to Rakshabandhan…
• Innerwear sales indicate economic turnaround is here to come
  19 August 2024, retail.economictimes.indiatimes.com
  Inner wear sales have been particularly impacted for over six quarters now, along with a slowdown in overall apparel demand. Primary sales, or despatches from companies to dealers, for the industry were stagnant for the last few quarters due to high unsold stock since Covid. Primary sales by volume, or number of units sold, grew last quarter, though at a slower pace than secondary sales…
• Consumption to revive in coming qtrs, e-commerce to drive growth: Bata MD & CEO
  19 August 2024, retail.economictimes.indiatimes.com
  Bata India expects a recovery in upcoming quarters driven by festive season demand, retail expansion, and e-commerce growth. The company planned store renovations and affordable new products for young buyers, alongside investments in technology and premiumization, despite a recent decline in revenue…
• India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe
  19 August 2024, retail.economictimes.indiatimes.com
  India’s apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). Apparel exports shot up to $1,277.20 million during July this year from $1,141.95 million in the same month last year, while textile exports were steady at $1,660.36 million in July compared to $1,663.06 million…
• Trademark infringement: Burger King loses legal battle against namesake Pune eatery
  19 August 2024, retail.economictimes.indiatimes.com
  Burger King Corporation’s 13-year lawsuit against a Pune-based eatery was dismissed by the local court. The court concluded that the local establishment had been using the ‘Burger King’ name since 1991-92, predating the US chain’s entry into India in 2014. No evidence of trademark infringement or damages was found…
• Nearly 12% of India’s tested spice samples fail quality, safety standards
  19 August 2024, retail.economictimes.indiatimes.com
  Authorities in India identified that almost 12% of spice samples did not meet safety standards after international concerns about contamination. The Food Safety and Standards Authority of India conducted tests following Hong Kong’s suspension of MDH and Everest spice blends. Both brands assert their products remain safe for consumption, although these findings span broader testing…
• Tempur Sealy’s deal to buy Mattress Firm aims to ‘eliminate’ competition, document shows
  19 August 2024, retail.economictimes.indiatimes.com
  Mattress maker Tempur Sealy International’s proposed $4-billion takeover of retailer Mattress Firm is intended to “eliminate future competition”, according to a document unsealed by a Texas judge. A May 2022 presentation to the board by the company’s CEO stated that buying Mattress Firm would enable Tempur Sealy to “eliminate future competition” and “block future competition”, the papers showed. The presentation did not name the executive…
• Retail players, QSRs slashed jobs in FY24 amid slowdown
  19 August 2024, retail.economictimes.indiatimes.com
  Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown in store expansions amid weakening consumer demand. Leading this staff reduction were Reliance Industries’ retail arm and other major retailers. Still, some retailers, such as Shoppers Stop, continued to expand…
• FMCG players expect volume trends to sustain amid rising demand in rural markets
  19 August 2024, retail.economictimes.indiatimes.com
  FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown…
• 3PL players continue to drive industrial & logistics leasing in H1 2024
  19 August 2024, retail.economictimes.indiatimes.com
  Based on the performance so far, it is likely that 3PL players will lead the industrial and logistics leasing activity as retail, e-commerce and manufacturing players continue to progressively outsource their inventory and delivery capabilities to optimize costs and minimize lead time…
• Delhi-NCR Realty Frontrunner In PE Investments
  17 August 2024, rprealtyplus.com
  Delhi-NCR’s real estate market has attracted highest private equity investment of $633.3 million during January-June period of this year as investors look to encash high demand for prime office space and luxury housing, according to Cushman & Wakefield…
• Vanguard Group Acquires 1.14 Cr Units In REIT Firm Nexus Select Trust
  17 August 2024, rprealtyplus.com
  Vanguard Group bought more than 1.14 crore units in REIT firm Nexus Select Trust for Rs 158 crore via open market transactions, while Morgan Stanley sold its stake in the company…
• DLF files FIR against ex-CFO for Rs 311 crore blackmail, extortion
  17 August 2024, retail.economictimes.indiatimes.com
  According to the FIR filed at a Gurgaon police station, DLF has alleged that Sanka is threatening to cause financial loss and also to defame and malign the reputation of the company…
• Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil
  17 August 2024, retail.economictimes.indiatimes.com
  Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions…
• It’s coffee as usual for Starbucks in India: Appointment of new chairman won’t alter plans
  17 August 2024, retail.economictimes.indiatimes.com
  Starbucks’ abrupt leadership change won’t affect Tata Starbucks’ Indian expansion plans, per Tata Consumer Products CEO Sunil D’Souza. The company aims to open 1,000 cafes by 2028. Despite new competition from Pret A Manger and Tim Hortons, Starbucks remains focused on growing its presence in the predominantly tea-drinking nation…
• Retailers association urges Delhi government to reduce signage fee in the city
  17 August 2024, retail.economictimes.indiatimes.com
  The Retailers Association of India asked the Delhi government to reconsider high signage fees that burden small and medium retailers. These costs, significantly higher than in other cities, hinder retailers from attracting customers. Lower fees would help businesses thrive and improve compliance with the local advertising policy…
• Brand Studio Lifestyle goes omnichannel with Tokyo Talkies and Highlander; eyes 40 pc revenue from offline
  17 August 2024, retail.economictimes.indiatimes.com
  By this fiscal end, the company plans to expand its reach to 11 states with 50 stores of Highlander, 20 stores of Tokyo Talkies, and 30 combined stores offering products from both brands – Tokyo Talkies and Highlander…
• Home care products witness 27% surge from 2015-23: Study
  17 August 2024, retail.economictimes.indiatimes.com
  Home care products like toilet cleaners, floor cleaning products and mosquito repellents (insecticides) have witnessed a significant increase in demand since 2015, fuelled by the government’s cleanliness campaign Swachh Bharat Mission…
• McDonald’s elevates Tiffanie Boyd to Global Chief People Officer
  17 August 2024, retail.economictimes.indiatimes.com
  McDonald’s, an American multinational fast food chain, has announced the appointment of Tiffanie Boyd as Executive Vice President and Global Chief People Officer, effective August 19. Currently, Boyd is serving as Senior Vice President and Chief People Officer for McDonald’s USA. She joined McDonald’s in 2021…
• FDI in food processing sector down 30pc to Rs 5,037 cr in 2023-24
  17 August 2024, retail.economictimes.indiatimes.com
  Foreign direct investment (FDI) in India’s food processing sector declined 30 per cent in the last fiscal to Rs 5,037.06 crore, according to official data. The FDI in the food processing sector stood at Rs 7,194.13 crore in 2022-23. According to the data presented by the Food Processing Industries Ministry in Lok Sabha, the FDI in food processing sector stood at Rs 5,290.27 crore in 2021-22 and Rs 2934.12 crore in 2020-21…
• Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur
  17 August 2024, indianretailer.com
  US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
• Azorte Expands with New Premium Fashion Store in Vadodara
  17 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
• ASUS India Expands Retail Presence with New Store in Nagpur
  17 August 2024, indianretailer.com
  ASUS India, the Taiwanese tech giant, has expanded its retail footprint across India with the launch of a new exclusive store in Nagpur. The store, covering 230 square feet, will showcase a wide range of electronics and computer hardware, including flagship products like Vivobook, Zenbook, Republic of Gamers (ROG) laptops, gaming desktops, all-in-one desktops, and accessories…
• H&M India Launches First Home Concept Store in Mumbai
  17 August 2024, indianretailer.com
  Hennes & Mauritz (H&M) India, the renowned international fashion and lifestyle retailer, has introduced its H&M Home concept to Mumbai for the first time. The new store, covering nearly 40,000 square feet, is situated at Phoenix Marketcity Mall in Kurla…
• Voyage Eyewear Expands Retail Presence with New Kiosk at Dwarka Pacific Mall
  17 August 2024, indianretailer.com
  Voyage Eyewear has announced the opening of its new retail kiosk at Dwarka Pacific Mall, a strategic move aimed at increasing visibility and accessibility for customers in India…
• How to Start an Electronics Retail Store in India: Key Steps
  17 August 2024, indianretailer.com
  The Indian consumer electronics market is valued at $73.73 billion and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The factors are driven by rising incomes, urbanization, and increased technology adoption…
• Q1 FY25: FMCG & Retail Giants Show Mixed Profit Growth as Honasa Consumer Leads with 62.9 pc Surge
  17 August 2024, indianretailer.com
  The first quarter of fiscal year 2024-25 has revealed a diverse range of financial performances across India’s FMCG and retail sectors. Companies such as Honasa Consumer Ltd, Page Industries, Cantabil Retail, Titan Company, and DMart have all posted their Q1 results, each showcasing distinct trends in profitability, revenue growth, and strategic investments…
• Cantabil Reports Rs 127.9 Cr in Quarterly Revenue, Marking a 14.4 Pc Yearly Growth
  17 August 2024, indianretailer.com
  Cantabil Retail India Ltd., a leading apparel manufacturer, has announced its financial performance for the quarter ending June 30, 2024, showcasing impressive growth figures…
• AC Makers Report Surging Revenues and Profits Amid Intense Summer Demand
  17 August 2024, indianretailer.com
  Air conditioner manufacturers have recorded robust double-digit revenue growth, with several companies experiencing more than a two-fold increase in profits during the April-June quarter, driven by soaring demand due to the intense summer heat…
• Dyson Enters Ingredient Science with New Chitosan Styling Range
  17 August 2024, indianretailer.com
  Dyson, known for its innovative approach to hair care, is expanding its presence in India’s retail beauty market with the launch of its first wet line styling products—the Dyson Chitosan formulations range…
• Vanguard Group buys over 1.14 crore units of Nexus Select Trust for Rs 158 crore
  16 August 2024, realty.economictimes.indiatimes.com
  According to the bulk deal data available on the National Stock Exchange (NSE), the US-based Vanguard Group purchased 1,14,50,476 units, amounting to a 0.75 per cent stake in Nexus Select Trust…
• Sunteck Realty posts net profit of Rs 22.78 crore in Q1 FY25
  16 August 2024, realty.economictimes.indiatimes.com
  Sunteck Realty’s net consolidated total income stood at Rs 328.01 crore in Q1 FY25, a growth of 271 per cent from Rs 88.41 crore it recorded in the similar quarter last year…
• Kalpataru files draft IPO papers with SEBI to raise Rs 1,590 crore
  16 August 2024, realty.economictimes.indiatimes.com
  The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore…
• Valor Estate to develop 5.7 million sq ft with L&T Realty and Lodha Group
  16 August 2024, realty.economictimes.indiatimes.com
  Potential revenue or area share to Valor Estate from 15.5 million sq ft of saleable residential and 2.3 million sq ft of commercial properties under various stages of development is Rs 13,650 crore…
• Builders, financial institutions cautiously optimistic of growth in realty sector: Report
  16 August 2024, realty.economictimes.indiatimes.com
  “While both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector’s long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations,” Knight Frank said…
• Mars to buy Cheez-It, Pringles maker Kellanova in mega $36 bln deal
  16 August 2024, retail.economictimes.indiatimes.com
  The deal dwarfs Mars’ $23 billion takeover of Wrigley in 2008 and would bring under one roof popular consumer brands, including Mars’ Twix, Bounty and Milky Way chocolates as well as Kellanova’s snacks portfolio of Pop-Tarts, Rice Krispies Treats and Eggo frozen waffles…
• Welspun Living aims for Rs 1,700 in topline in FY27; to set up pillow mfg unit in India
  16 August 2024, retail.economictimes.indiatimes.com
  Welspun Living, which currently manufactures and sells home furnishing solutions via two brands – Welspun and Spaces – is planning to introduce its new brand, Christy in India soon…
• Heavy rains, water logging dent quick commerce, food delivery, dine-ins across North India
  16 August 2024, retail.economictimes.indiatimes.com
  As North India experiences heavy rains and water logging, the business of quick commerce and food delivery platforms has been impacted. Delivery of products and food has been tough across pin codes, with order cancellations running high. Netizens took to social media to post videos and pictures of traffic jams in Delhi-NCR and cities across Haryana and Punjab…
• PC Jeweller swings to profit in Q1, sees early settlement of legal issues
  16 August 2024, retail.economictimes.indiatimes.com
  PC Jeweller said it was “confident” of an early settlement of ongoing legal issues, which would allow management to focus on restoring business that had “suffered badly” in the last three years. The jeweller closed one company-owned store in Delhi and two franchise stores in Meerut and Saharanpur during the quarter. Two stores in Delhi remain temporarily shut due to ongoing court proceedings…
• Cantabil Retail profit falls, sales rise in Q1FY25
  16 August 2024, retail.economictimes.indiatimes.com
  Apparel retailer Cantabil Retail posted a revenue of Rs 127.9 crore in the quarter, slightly up from Rs 111.8 crore in Q1FY24. Its EBITDA stood at Rs 39.4 crore witnessing growth of 14.5 per cent from the same quarter last year…
• Belgian bakery brand Le Pain Quotidien re-enters India
  16 August 2024, retail.economictimes.indiatimes.com
  Le Pain Quotidien, a Belgian bakery, has partnered with Bake & Brew Pvt Ltd to re-enter India, planning 100 outlets by 2035. An initial investment of Rs 35 crore will start with two Mumbai outlets. The venture will create 1,500 jobs and focus on authentic dining experiences with a health and wellness emphasis…
• Major domestic appliances market sees 18 pc value-based growth in first half of 2024: Report
  16 August 2024, retail.economictimes.indiatimes.com
  “This growth is 3X of growth in 2023 over the previous year,” said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report…
• Walmart’s Q2 international sales growth powered by Flipkart, other markets
  16 August 2024, retail.economictimes.indiatimes.com
  Walmart’s Q2 FY25 saw significant international growth driven by Flipkart and operations in China and Mexico. Walmart recorded nearly $30 billion in net sales from international markets, a YoY growth of 8.3%. Operating income came in at $1.4 billion…
• Carlsberg to retain strategy post-full ownership of Indian ops, eyes accelerated investment
  16 August 2024, retail.economictimes.indiatimes.com
  Carlsberg’s global CEO, Jacob Aarup-Andersen, confirmed that the Danish brewer does not plan a new strategy for India after acquiring full ownership of its Indian and Nepalese operations from the Khetan Group. The move, expected to finalize in a few months, will enable Carlsberg to boost investments and leverage opportunities in the rapidly growing Indian beer market, which is expanding four times faster than the overall segment. Andersen noted that while no dramatic strategy changes are anticipated, the company aims to enhance its market presence with increased control and investment…
• AC makers’ profits soar in April-June amid blistering heat
  16 August 2024, retail.economictimes.indiatimes.com
  During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. Key players such as Voltas, Blue Star, Whirlpool of India, Johnson Controls-Hitachi, and Havells (owner of the Lloyd brand) reported substantial increases in both top-line and bottom-line metrics…
• Ola’s plans around EVs, quick commerce, more out on Independence Day
  16 August 2024, retail.economictimes.indiatimes.com
  Ola Cabs rebranded itself as Ola Consumer to go beyond ride-hailing and also launched fully automated dark stores for use by ONDC. On Independence Day, Ola rolled out Ola Pay to pay for rides, food and groceries through UPI on the Ola app, while sister firm Krutrim promised to launch an in-house designed AI chip…
• Vacheron Constantin celebrates record sales, eyes growth in Indian luxury watch market
  16 August 2024, retail.economictimes.indiatimes.com
  Vacheron Constantin, with historical ties to India’s maharajahs, is now focusing on emerging opportunities and consumer trends in the Indian market, according to Christophe Ramel, Managing Director for the Middle East, India, and Africa…
• In high spirits. Whisky emerges as top choice for younger consumers in India
  16 August 2024, thehindubusinessline.com
  Wine may be used as a metaphor for age, but it is whisky that seems to have rhymed with the spirit of the youth in India – also the largest market for whiskey in the world. Traditionally consumed by an older age group (between 45 and 60), the hard drink’s admirers now fall in their 20s, with a median age of 28…
• Zara’s 24th Store Lands in Pune
  16 August 2024, indianretailer.com
  Zara has opened its second retail location in Pune, India, at the Phoenix Mall of the Millennium. Spanning over 24,500 square feet, this new store aligns with Inditex and Zara’s approach to integrating advanced…
• Swiss Military Reports Strong Q1 Financial Growth, Enhances Operational Capabilities
  16 August 2024, indianretailer.com
  Swiss Military, a renowned global brand recognized for precision and quality, has announced substantial financial growth for Q1 FY 24-25, reflecting its strong position in the retail market in India. The company reported consolidated revenue of Rs 4638.86 lacs and a profit before tax of Rs 232.43 lacs, marking a significant increase compared to the same period in FY 23-24…
• How India’s Retail Market is Diversifying Amid $1.4 Trillion Growth
  16 August 2024, indianretailer.com
  The Indian retail market is experiencing remarkable growth, with projections indicating that it will surpass $1.4 trillion by 2027. This surge positions India as one of the fastest-growing retail markets globally…
• Top 10 Washing Machine Brands in India: Curated list (2024)
  16 August 2024, indianretailer.com
  One of the mindless and hardworking chores is to wash clothes every day! Looking for a simpler, less time-consuming way? There are numerous washing machine brands in India that can be of great assistance…
• 69 Million Units Smartphones Shipped in 1H24 – What It Means for India’s Retail
  16 August 2024, retail.economictimes.indiatimes.com
  The Indian smartphone market is a dynamic and rapidly evolving landscape, reflecting broader trends in consumer behavior, technological advancements, and global economic shifts. The first half of 2024 has showcased these dynamics vividly, with the market experiencing notable growth despite ongoing challenges…
• Humanscale Introduces ‘Perfect Workstation’ in India to Meet Growing Demand for Ergonomic Solutions
  16 August 2024, indianretailer.com
  New York-based Humanscale, a leading designer and manufacturer of ergonomic products, has launched its ‘Perfect Workstation’ in India, targeting the country’s growing demand for ergonomic office and home workstations…
• Allied Blenders and Distillers Reports Strong Profitability Growth in Q1FY25
  16 August 2024, indianretailer.com
  Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has released its financial results for the first quarter of fiscal year 2025 (Q1FY25). Despite a challenging retail environment in India, the company reported a significant improvement in profitability, reflecting strategic brand decisions and cost-saving measures…
• Omaxe posts net loss of Rs 146.98 crore in Q1 FY25
  14 August 2024, realty.economictimes.indiatimes.com
  Omaxe’s net consolidated total income stood at Rs 385.23 crore in Q1 FY25, a growth of 74.43 per cent from Rs 220.85 crore it recorded in the similar quarter last year…
• Snitch Expands Retail Footprint with New Flagship Store in Pune
  14 August 2024, indianretailer.com
  Snitch has announced the opening of its new flagship location, the NIBM Tribeca Store, situated at NIBM Annexe, Opp. Nine Hill, Mohammed Wadi, Pune, Maharashtra. This store marks a key development in Snitch’s strategic expansion plan to strengthen its physical retail presence across India…
• Chai Sutta Bar Increases Presence in Bengaluru with More Outlets
  14 August 2024, indianretailer.com
  Chai Sutta Bar has expanded its footprint in Bengaluru with the opening of two new outlets. This move aligns with the brand’s strategy to enhance its presence in South India, where it has received strong support from tea enthusiasts…
• Art of Time Expands Luxury Watch Presence with Panerai Boutique Acquisition in Mumbai
  14 August 2024, indianretailer.com
  Art of Time has officially acquired the Panerai boutique at Palladium Mall, Mumbai. This strategic move is part of Art of Time’s broader effort to strengthen its retail footprint and cater to a growing demographic of affluent consumers in Central Mumbai…
• Enza Home Expands into India with New Showroom on MG Road
  14 August 2024, indianretailer.com
  Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi…
• How Numero Uno is Aggressively Expanding into India’s Tier II and III Cities
  14 August 2024, indianretailer.com
  When it comes to Indian denim, Numero Uno has long been the kingpin, reigning supreme since 1987. But as the fashion landscape evolves, even the most iconic brands must keep pace with the times…
• TELEFUNKEN Teams Up with Bradford to Revolutionize Retail in India
  14 August 2024, indianretailer.com
  The heritage German consumer electronics and industrial goods brand, TELEFUNKEN, is excited to announce its strategic licensing representation partnership for the Indian market with Bradford License India, a premier licensing agency…
• KAI India Expands Manufacturing Capacity at Neemrana Plant
  14 August 2024, indianretailer.com
  KAI India has announced a major expansion of its manufacturing operations at its Neemrana plant, aimed at significantly increasing its production capacity for women’s razors…
• India’s Baby Retail Titan FirstCry Goes Public with a Bang
  14 August 2024, indianretailer.com
  FirstCry, the dominant omnichannel player in baby and maternity products retail, has taken a significant step forward by announcing its public listing, marking a major milestone in its 14-year history…
• B2B vs B2C Marketing: Understanding the Key Differences
  14 August 2024, indianretailer.com
  Do you have the question of why marketing strategies are so different from one company to another? The one that sells to business customers only, and the one that sells directly to consumers? Retailers and those who are planning to enter the field must understand the differences between B2B and B2C marketing to be successful…
• Wholsum Foods Expands Reach with Integration into ONDC Network
  14 August 2024, indianretailer.com
  Wholsum Foods, the parent company behind popular brands Slurrp Farm and Mille, has officially joined the Open Network for Digital Commerce (ONDC) Network…
• India Introduces Diamond Imprest Licence to Support MSME Gem and Jewellery Exporters
  14 August 2024, indianretailer.com
  At the 40th edition of the India International Jewellery Show (IIJS) 2024, held at the Bombay Exhibition Centre in Goregaon, Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, announced the introduction of the Diamond Imprest Licence…
• Hy-Vee Expands India Operations with New Bengaluru Office
  14 August 2024, indianretailer.com
  Hy-Vee, Inc., a prominent retail grocery conglomerate based in West Des Moines, Iowa, has announced the expansion of its operations in India with a move to a new office in Bangalore…
• Kay Beauty’s Hydra Crème Lipsticks Break Sales Records in Debut Launch
  14 August 2024, indianretailer.com
  Kay Beauty, the acclaimed beauty brand co-founded by Katrina Kaif in collaboration with Nykaa, has announced the exceptional success of its newest launch: the Hydra Crème Lipsticks…
• VAHDAM India Welcomes Akanksha Srivastava Byrnes as New Senior VP of Marketing
  14 August 2024, indianretailer.com
  VAHDAM India, a leading global wellness brand renowned for bringing India’s finest teas and spices to the world, has announced the appointment of Akanksha Srivastava Byrnes as the Senior Vice President of Marketing…
• KIKO Milano Launches on Tira as Reliance Retail Expands Beauty Portfolio
  14 August 2024, indianretailer.com
  Reliance Retail, led by Mukesh Ambani and Isha Ambani, has solidified its position in the Indian beauty sector through the strategic acquisition of KIKO Milano, a prominent Italian cosmetics brand…
• Kalyanamm Launches in Indian Market with Eco-Friendly Pooja Essentials
  14 August 2024, indianretailer.com
  Kalyanamm, a direct-to-consumer (D2C) brand from Holy Waste, has officially launched in the Indian sustainability market with its innovative “flower cycling” approach. The brand introduces a unique range of eco-friendly pooja essentials meticulously crafted from recycled holy waste…
• Clovia Plans 300 New EBOs; Boosts Distribution with Quick Commerce Investment
  14 August 2024, irecwire.com
  In April 2022, Clovia began a new chapter by partnering with Reliance. Now, more than two years later, the journey has had its ups and downs, but overall, it has been a positive experience…
• Bakery Industry: Growth, Innovations and Future
  14 August 2024, irecwire.com
  With a predicted value of $15.5 billion in 2023 and a compound annual growth rate (CAGR) of 6.3% from 2024 to 2035, the global market for baking ingredients is expected to reach $32.1 billion by that time. ..
• La Gioia Brings Authentic Southern Italian Dining to Bangalore
  14 August 2024, indianretailer.com
  La Gioia – Ristorante Italiano by Buono Eats has opened its doors in Indira Nagar, Bangalore, offering a unique dining experience that captures the true essence of Southern Italy…
• Pune’s Registered Transactions Jump 50% YoY In June Quarter
  13 August 2024, rprealtyplus.com
  Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards…
• Lucknow Has Highest Gross Leasable Area Of Shopping Malls Across 21 Tier 2 Cities
  13 August 2024, rprealtyplus.com
  According to Knight Frank India’s research report Lucknow has the highest gross leasable area (GLA) of shopping centres across the 21 Tier 2 cities in the country. Recently, Knight Frank India conducted a primary survey of 340 shopping centres across 29 Indian cities, including 21 Tier 2 cities such as Lucknow…
• Reliance Retail gets over Rs 14k cr from parent to expand presence
  13 August 2024, retail.economictimes.indiatimes.com
  Reliance Industries has invested approximately ₹14,839 crore into Reliance Retail as debt over the last fiscal year, marking the largest financial support in a decade. This investment supports Reliance Retail’s expansion into smaller towns and new store formats, with a total of ₹19,170 crore invested, including ₹4,330 crore in equity. The company has also accelerated the repayment of bank loans, possibly in preparation for a future IPO, though no formal announcement has been made. Reliance Retail’s overall debt has risen to ₹81,060 crore, reflecting the significant funding from its parent company…
• Brands bet big on influencers to stay active, virtually
  13 August 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India’s influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement…
• ETRetailCafe: Kishore Biyani on tracking consumer behaviour, role of tech and more
  13 August 2024, retail.economictimes.indiatimes.com
  Retail mogul Kishore Biyani shares how consumer behaviour is changing, evolving retail concepts and a lot more with ETRetail…
• DOMS Industries Q1 profit rises to Rs 54.3 crore
  13 August 2024, retail.economictimes.indiatimes.com
  DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market…
• Landmark Group appoints Shashi Gumma as MD and CEO for SPAR Hypermarket
  13 August 2024, retail.economictimes.indiatimes.com
  Landmark Group named Shashi Gumma as the managing director and CEO for SPAR Hypermarket. Gumma expressed excitement about enhancing shopper experiences. With 25 years in retail, he previously served as COO for Metro Wholesale India and CEO for More Supermarkets. SPAR operates over 13,900 stores across 48 countries, retailing various products…
• Yes Madam goes omnichannel; eyes 20 pc revenue from offline by this fiscal end
  13 August 2024, retail.economictimes.indiatimes.com
  Currently, the brand has an online presence in 56 cities, however, it gets 85 per cent of its business from cities like Delhi/ NCR, Mumbai, Hyderabad, Pune, and Bengaluru…
• Consumer shift to premium products drives India’s electronics market growth
  13 August 2024, retail.economictimes.indiatimes.com
  The consumer electronics market in India saw a significant shift towards premium products in the first half of 2024. While value sales increased by 11% in offline retail, unit sales remained almost flat, highlighting a trend where consumers prioritize feature-rich, high-end products. Online sales also grew, outpacing offline growth…
• Myntra increases focus on Gen Z, appoints Amit Mahajan to lead FWD
  13 August 2024, retail.economictimes.indiatimes.com
  Mahajan will help the company develop innovative merchandising approaches to attract Gen Z consumers. Mahajan has also held the position of senior vice-president and business head at apparel and accessories brand Bewakoof…
• Enza Home Expands into India with New Showroom on MG Road
  13 August 2024, indianretailer.com
  Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi. This expansion marks a key step in Enza Home’s strategy to introduce its refined and innovative furniture collections to Indian consumers…
• Gokyo Expands Footprint with New Store Launch in Nashik
  13 August 2024, indianretailer.com
  Gokyo, a rising star in India’s adventure apparel and gear industry, proudly announced the grand opening of its newest store in Nashik on 10th August 2024…
• DriveX Expands with 7th Company Store in Coimbatore
  13 August 2024, indianretailer.com
  DriveX, India’s pioneering and largest fully integrated platform for refurbished two-wheelers, proudly announces the grand opening of their latest company-owned showroom in Sulur, Coimbatore…
• Top 10 Popular Pizza Brands in India [2024]
  13 August 2024, indianretailer.com
  The word pizza was first discovered in 997 AD. Pizza is an Italian dish typically consisting of a flat base of leavened wheat-based dough topped with tomato, cheese, and other ingredients, according to a Latin manuscript from the southern Italian town of Gaeta, in Lazio, on the border with Campania…
• White Hanger Opens Shop at Omaxe Chowk
  13 August 2024, indianretailer.com
  Omaxe Chowk, a leading retail destination in Chandni Chowk, Delhi, has further expanded its portfolio with the launch of White Hanger, a well-known clothing store specializing in party and wedding attire…
• The Future of Digital Grocery: Five Strategic Recommendations for Profitability & Growth
  13 August 2024, indianretailer.com
  In an era where digital transformation is reshaping every industry, the grocery sector is no exception. To stay competitive and profitable, grocers must navigate the complexities of digital commerce with a customer-centric approach…
• boAt Hits 5 Cr Milestone with ‘Made in India’ Products
  13 August 2024, indianretailer.com
  In a significant development for the retail industry in India, boAt, the country’s leading audio wearables brand, has crossed the 5-crore mark in ‘Made in India’ products…
• WOW Skin Science Unveils Revolutionary Onion and Collagen Haircare Line
  13 August 2024, indianretailer.com
  WOW Skin Science, a prominent name in the beauty and wellness industry, has introduced its latest innovation in haircare: the new and improved Onion + Collagen Anti-Hair Fall range…
• Portronics Enters Vacuum Cleaner Market with Launch of Mopcop
  13 August 2024, indianretailer.com
  India’s beloved gadget brand, Portronics, is making a significant move into the home appliance sector with the launch of its latest product, the Mopcop vacuum cleaner. Designed to bridge the gap between traditional brooms and high-end, bulky cleaning appliances, the Mopcop offers an efficient, affordable solution for households looking for an upgrade…
• The Rise of Value Retail
  13 August 2024, irecwire.com
  The days of luxury and premium brands ruling the Indian market are fading fast. Now, it’s all about affordable, trendy fashion that’s capturing the hearts of millions…
• NCLT approves Oberoi Constructions’ acquisition of Nirmal Lifestyle Realty
  12 August 2024, realty.economictimes.indiatimes.com
  The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate insolvency resolution process (CIRP) in December 2021 with claims amounting to over Rs 748 crore…
• Signature Global cuts net debt by 16% to Rs 980 crore in Q1 FY25
  12 August 2024, realty.economictimes.indiatimes.com
  “The company aims to keep net debt below 0.5 times of the projected operating surplus for the ongoing financial year, as a long term discipline,” the presentation said…
• Pilgrim to expand offline presence; eyes 35 pc revenue from offline by this CY end
  12 August 2024, retail.economictimes.indiatimes.com
  Currently, the brand has a presence across 4,000 GT and MT stores across 200 cities with 1,100 beauty advisor counters. It also boasts of 5 EBOs in Mumbai, Nashik, Chennai, Hyderabad, and Mohali…
• Honasa expects Rs 1,000 cr annual revenue run rate from The Derma Co in next 3-5 years
  12 August 2024, retail.economictimes.indiatimes.com
  Honasa Consumer expects its skin care brand The Derma Co to reach an annual revenue run rate of Rs 1,000 crore in next three to five years, according to the FMCG maker’s latest annual report. Besides, the company also expects its other skin care brand Aqualogica and hair care brand Dr. Sheth’s to enter the Rs 500-crore ARR (annual revenue run-rate) club and BBLUNT to reach Rs 250 crore ARR by then…
• House of Neeru’s forays into jewellery segment, launches new brand Tyohaar
  12 August 2024, retail.economictimes.indiatimes.com
  In the next 18 months, it plans to open 6-7 stores in states like Telangana, Hyderabad, and Bengaluru…
• Mamaearth parent Honasa to discontinue ayurvedic beauty brand Ayuga
  12 August 2024, retail.economictimes.indiatimes.com
  In the presentation, Honasa said Ayuga was launched to introduce ayurvedic beauty products in modern formats for Indian millennials back in December 2021. The brand was revamped two years later, based on consumer feedback, it added. However, the brand failed to get any traction despite the changes. Ayuga was an online only brand…
• Monster Beverage misses quarterly sales estimates as economic fears slow demand
  12 August 2024, retail.economictimes.indiatimes.com
  Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment…
• Kai Group to invest 300 million yen to expand manufacturing facility in Rajasthan
  12 August 2024, retail.economictimes.indiatimes.com
  Japan-based Kai Group is set to invest 300 million yen in its Neemrana, Rajasthan facility to increase production capacity of women’s razors by over 5 million units per year. This move supports their ‘make in India’ initiative and is expected to be operational by December 2024, meeting rising market demand…
• FMCG, consumer durable players target 40% growth this festive season
  12 August 2024, thehindubusinessline.com
  Makers who witnessed a muted growth in H1 owing to general elections are expecting recovery with higher growth in H2 Fast-Moving Consumer Goods (FMCG) and White goods makers are expecting a 40 per cent growth in sales this festive season…
• Dyson expands retail presence in India, launches flagship Demo Store in Lucknow
  12 August 2024, knocksense.com
  Excitement is brewing in Lucknow as Dyson opens its inaugural Demo Store, marking the brand’s debut in the city. Lucknowites, it’s time to explore and experience the latest in smart home technology, including sleek, cord-free vacuums, sophisticated air purifiers, and high-tech hair dryers and more…
• Honasa Consumer’s Q1 Profit Surges 63 Pc to Rs 40.25 Cr; Sales Rise 19 Pc to Rs 554 Cr
  12 August 2024, indianretailer.com
  Honasa Consumer Ltd, renowned for its popular FMCG brands such as Mamaearth and The Derma Co, has reported a robust financial performance for the first quarter of the fiscal year ending June 2024. According to a regulatory filing released on Friday, the company has achieved a significant 62.9 percent increase in its consolidated profit after tax (PAT), which now stands at Rs 40.25 crore…
• Samsung Unveils Premium Experience Store at Ambience Mall, Vasant Kunj
  12 August 2024, indianretailer.com
  Consumer electronics, Samsung has unveiled a new premium experience store at Ambience Mall in Vasant Kunj, New Delhi, according to a company announcement made recently…
• Why Offline Retailers Are Key to India’s MSME Boom
  12 August 2024, retail.economictimes.indiatimes.com
  For years, offline retail has served as a vital component of local communities. MSMEs (Micro, Small, and Medium Enterprises) are intricately woven into the fabric of Indian commerce. These brick-and-mortar businesses are a testament to the enduring spirit of entrepreneurship and their unwavering commitment to serving their communities…
• Varun Dhawan Becomes the Face of Walkaroo
  12 August 2024, indianretailer.com
  Walkaroo, India’s one of leading footwear brand has announced Bollywood actor Varun Dhawan as its new brand ambassador and is set to launch an ambitious integrated marketing campaign to highlight its extensive range of products…
• Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges
  12 August 2024, indianretailer.com
  The rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
• EatFit and Moderate Join Forces to Expand Healthy Product Offerings Across India
  12 August 2024, indianretailer.com
  EatFit, India’s largest healthy food platform under Curefoods, has announced an exclusive partnership with Moderate, a leader in lifestyle nutritional products. This collaboration will see EatFit distributing Moderate’s innovative offerings, including the popular Moderate-Carb, Calorie & Sugar Cutter, and Moderate-Happy Gut Probiotic Powder, across its platforms and affiliated brands…
• Minimalist Expands Skincare Line with New Science-Backed Baby Care Range
  12 August 2024, indianretailer.com
  Minimalist, one of India’s leading science-backed skincare brand, has unveiled its expansion into the baby care category with the launch of Minimalist Pediatrics. This new line brings the brand’s effective and transparent skincare solutions to a broader audience, with products designed specifically for the delicate skin of babies…
• French Patisserie Brand Laduree Enters Pune
  12 August 2024, indianretailer.com
  Ushering in a slice of Parisian style to the fast-growing metropolis of Pune, Ladurée, the world-renowned French patisserie brand, has launched its café at The Ritz-Carlton, Pune…
• Qmin Opens at Westside in Bengaluru’s Electronic City Offering a Blend of Shopping and Dining
  12 August 2024, indianretailer.com
  Qmin has officially opened its doors at Westside in Electronic City, Bengaluru, offering customers a unique experience that combines shopping with culinary delights…
• Lenskart Launches Harry Potter-inspired Eyewear Collection with Warner Bros. Discovery
  12 August 2024, retail.economictimes.indiatimes.com
  Lenskart has announced the debut of its Harry Potter-inspired eyewear collection, created in collaboration with Warner Bros. Discovery Global Consumer Products. This new line of eyeglasses brings the enchantment of the Harry Potter series to fans, offering a unique way to celebrate their favorite magical moments…
• Brigade Achieved Pre-Sales Of Rs 1086 Cr In Q1 FY25
  10 August 2024, rprealtyplus.com
  Brigade Group reported a total revenue of Rs 1,113 Crores and Profit After Tax of Rs 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of Rs 1086 Crores. Average realisation stood at Rs 9,483 per Sft…
• Signature Global Q1 FY25 Revenue Grows 135% YoY
  10 August 2024, rprealtyplus.com
  Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135% to INR 4.0 billion compared to INR 1.7 billion in Q1 FY24…
• Colliers India facilitates deal between Incuspaze & Bhutani Infra
  10 August 2024, rprealtyplus.com
  Incuspaze, India’s leading flexible workspace provider, today announced a major expansion in North India through a strategic partnership with Bhutani Infra, India’s leading real estate company renowned for its role in urban township development and city evolution…
• NITCO Ltd Sold 4 Acre Land Parcel For Rs 232 Cr To Runwal
  10 August 2024, rprealtyplus.com
  NITCO Limited, a leading name in the tile manufacturing industry, has sold a prime land parcel located in Kanjurmarg East to Runwal for Rs. 232 Cr. The land parcel, spanning 16,250 square meters or 4 acres, is a strategic asset with significant potential…
• DLF appoints Mahender Singh as independent director
  10 August 2024, realty.economictimes.indiatimes.com
  In a regulatory filing, the company informed that the board of directors approved, the appointment of Mahender Singh as an independent director for a period of five consecutive years with effect from August 7, 2024…
• The Phoenix Mills acquires 9.03 acres land in Coimbatore for Rs 370.17 crore
  10 August 2024, realty.economictimes.indiatimes.com
  Shishir Shrivastava, managing director of The Phoenix Mills said, “We are pleased to announce our acquisition in Coimbatore for a greenfield retail development project.”..
• Blackstone to sell 33 crore units in Nexus Select Trust for nearly Rs 4,500 crore
  10 August 2024, realty.economictimes.indiatimes.com
  According to sources, Blackstone plans to sell 33 crore units in Nexus Select Trust at a floor price of Rs 135 apiece. Block deal is likely to happen on Friday. Blackstone intends to monetise its investment through this block deal…
• Kolte-Patil Developers’ net profit dips 86.72% in Q1 FY25
  10 August 2024, realty.economictimes.indiatimes.com
  Kolte-Patil Developers’ net consolidated total income stood at Rs 350.29 crore in Q1 FY25, a dip of 39.45 per cent from Rs 578.51 crore it recorded in the similar quarter last year…
• Xiaomi, Vivo, Realme and Oppo in high demand: Indians lapping up Chinese brands despite intense scrutiny
  10 August 2024, retail.economictimes.indiatimes.com
  China’s Xiaomi was examined by Indian government agencies over alleged foreign exchange violations in 2022, which coincided with a large proportion of its top leadership changing. The company ceded its No. 1 spot in the December quarter of 2022 to Samsung, eventually sliding to fourth. But by the June quarter this year, Xiaomi was back at the top on the back of an aggressive expansion in offline retail. Vivo is another Chinese company that has faced investigations over allegations of tax violations and money laundering…
• Trent Q1 profit rises two-fold; revenue at Rs 4,104 crore
  10 August 2024, retail.economictimes.indiatimes.com
  Trent has been steadily expanding its youth-focused and low-priced brand Zudio, opening sixteen new outlets during the quarter and six new Westside stores, its more premium brand. Its revenue rose more than 56% to Rs 4,104 crore in the April-June period, its thirteenth straight quarter of revenue growth…
• Uniqlo India profit jumps 25%, sales growth declines
  10 August 2024, retail.economictimes.indiatimes.com
  Uniqlo’s sales growth in India slowed to 32% last fiscal year, but its net profit increased by 25%. The company reported a net profit of ₹85.1 crore with revenues totaling ₹824 crore for FY24. Despite a tough market, Uniqlo aims to expand by introducing smaller stores in both existing and new cities in India…
• Domino’s India operator Jubilant FoodWorks reports two-fold surge in Q1 profit
  10 August 2024, retail.economictimes.indiatimes.com
  Persistently high inflation has been prompting consumers to pare back spending on dining out or ordering in. India’s retail inflation hovered around 5% throughout the quarter amid high food prices, increasing cost pressure on the quick-service restaurant sector…
• Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19%
  10 August 2024, retail.economictimes.indiatimes.com
  Mamaearth parent Honasa Consumer on Friday reported a 63% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2024, to Rs 40 crore versus Rs 24 crore reported in the corresponding quarter of the last financial year…
• High festive sales pitch sets tempo for temp hiring; demand to surge 15-20% YoY
  10 August 2024, retail.economictimes.indiatimes.com
  The festive season is set to generate 600,000-700,000 temporary jobs across various industries, with a 15-20% increase in demand for such positions compared to last year. This surge in temporary hiring is driven by expected increases in consumer spending, a recovering rural economy, and a vibrant stock market…
• Restaurant Brands beats quarterly revenue estimates on Tim Hortons boost
  10 August 2024, retail.economictimes.indiatimes.com
  Tim Hortons, like Yum Brands’ Taco Bell, has bet on regular menu refreshes such as in cold beverages and quick bites to attract more customers. The brand, which accounted for nearly half of the parent’s revenue in the quarter, reported same-store sales growth of 4.6%, ahead of expectations for a 4.3% increase…
• Heads Up For Tails eyes 10% share in the Indian pet care market by FY25; aims to be a Rs 500 crore brand by 2026
  10 August 2024, retail.economictimes.indiatimes.com
  Heads Up For Tails (HUFT) is targeting a 10% share in the Indian pet care market by FY 2024-25, with a focus on pet health and nutrition. This fiscal year, HUFT is on an upward trajectory, generating a revenue of Rs 56 crore in the first quarter. Pet food, pet lifestyle, and pet grooming have majorly contributed to the overall sales, it said…
• Godrej Appliances aims to be amongst top three players in 3 years
  10 August 2024, thehindubusinessline.com
  We are expecting a 40 per cent year-on-year growth in this festive season, backed by new product launches: Executive V-P Kamal Nandi Godrej Appliances is aiming to be amongst the top three players in the home appliances industry in the next three years…
• Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
  10 August 2024, retail.economictimes.indiatimes.com
  At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal…
• India’s wearable device market sees first ever decline; falls by 10% YoY Q2 2024
  10 August 2024, retail.economictimes.indiatimes.com
  India’s wearable market saw a 10% decline in Q2 2024, with total shipments falling to 29.5 million units. Smartwatch demand decreased significantly, contributing to the overall dip. Earwear sales remained stable. Brands prioritized clearing old inventory and are expected to launch new models during the festive season. Analysts anticipate annual smartwatch shipments to drop by 10% in 2024…
• Samsung Expands Retail Presence in India with New Experience Store at Ambience Mall, New Delhi
  10 August 2024, indianretailer.com
  Samsung has launched a new premium experience store at Ambience Mall in New Delhi’s Vasant Kunj. This store is designed to be a comprehensive retail destination, combining sales, customer service, and immersive consumer experiences under one roof…
• Cellecor Gadgets Expands Retail Presence in India with New Stores in Mizoram and New Delhi
  10 August 2024, indianretailer.com
  Cellecor Gadgets Limited, a leading name in India’s consumer durables sector, has announced the opening of two new Exclusive Brand Stores, one in Mizoram and the other in New Delhi…
• PMJ Jewels Expand Retail Footprint in India with Two New Stores in Bengaluru
  10 August 2024, indianretailer.com
  PMJ Jewels has launched two new retail outlets in Bengaluru. These stores, located at Novel MSR Park in Marathahalli and Phoenix Market City Mall, mark the brand’s 36th and 37th stores in South India and the 5th and 6th in Bengaluru, underscoring PMJ’s aggressive expansion strategy within India’s retail sector…
• Gokyo Expands Retail Presence in India with New Adventure Gear Store in Nashik
  10 August 2024, indianretailer.com
  India’s retail market for adventure apparel and gear is witnessing significant growth, with Gokyo emerging as a promising brand that blends style with functionality. Gokyo has announced the opening of its latest store in Nashik, following the successful launch of its first outlet in Bengaluru…
• Flyrobe Expands into Agra with Latest Store Launch
  10 August 2024, indianretailer.com
  Flyrobe, a leading fashion rental platform, has announced the opening of its new store in Agra, further strengthening its presence in the Indian market…
• Novamax Strengthens Market Reach with New Gorakhpur Manufacturing Hub
  10 August 2024, indianretailer.com
  Novamax Appliances, a leading home appliance brand, has announced plans to establish a new manufacturing facility in Gorakhpur, aiming to meet the increasing demands in Nepal, Bengal, Jharkhand, and Bihar. This strategic expansion will further solidify Novamax’s presence in these key markets…
• OOTD PRETH Celebrates Grand Opening of New Outlet in East Delhi
  10 August 2024, indianretailer.com
  OOTD PRETH, a prominent brand in Indian wear, has officially launched its second outlet in Karkardooma, East Delhi. The grand opening ceremony, which took place on July 11, 2024, at 12 PM, was a highly anticipated event that drew over 500 influential personalities from East Delhi, making for an evening filled with glamour and celebration…
• Mokobara Expands Retail Presence with New Store in Gurugram
  10 August 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has opened its 12th retail store in India, continuing its expansion into physical retailing. The new store, located in DLF Cyber City, Gurugram, marks the brand’s second outlet in the city…
• Global Influences: How Indian Consumers are Driving the Shift Towards International Furniture Trends
  10 August 2024, indianretailer.com
  The Indian furniture market is undergoing a remarkable transformation, driven by evolving consumer preferences and global influences. As we witness this shift, it’s clear that the industry is not just growing—it’s reinventing itself to meet the sophisticated demands of a new generation of consumers…
• FirstCry Parent Brainbees IPO Oversubscribed by 12.22x on Final Day
  10 August 2024, indianretailer.com
  The initial public offering (IPO) of Brainbees Solutions, the parent company of e-commerce platform FirstCry, was oversubscribed 12.22 times on the final day of bidding, Thursday…
• Heads Up For Tails Launches ‘Hearty’: A Revolutionary Dry Pet Food Line
  10 August 2024, indianretailer.com
  In response to the rapidly growing demand for high-quality pet food in India, Heads Up For Tails (HUFT), a renowned brand in the pet care industry, has launched “Hearty,” an innovative dry food product poised to capture a significant share of the $800 million Indian pet nutrition market…
• Top 10 Strong Coffee Brands Dominating the Indian Market
  10 August 2024, indianretailer.com
  Coffee is one of the leading beverage industries in India. Some like it to be smooth, while others want to have a stronger aroma of coffee. The revenue for the coffee industry in India is estimated to reach $30.09 million by the end of 2024…
• Honasa Consumer Ltd Reports Strong Growth and Strategic Developments
  10 August 2024, indianretailer.com
  Honasa Consumer Ltd has announced its financial performance for the quarter ending June 30, 2024. The company achieved a 20.3 percent increase in product business growth, accompanied by a 25.2 percent rise in underlying volume growth (UVG)…
• The Chapter Expands Luxury Real Estate Portfolio in Goa with New Aldona Project
  10 August 2024, indianretailer.com
  Blending aesthetics and lifestyle, The Chapter, a luxury real estate brand in India, continues to shape the retail and residential market with its unique approach to high-end living spaces…
• Timex Celebrates 170 Years of Watchmaking Excellence
  10 August 2024, indianretailer.com
  Timex, a renowned watchmaking brand, is marking its 170th anniversary by celebrating a legacy of crafting durable and beloved timepieces designed to last a lifetime. Since its establishment in 1854, Timex has proudly embodied the spirit of American ingenuity, revolutionizing the centuries-old watchmaking industry by creating quality, accessible watches, and establishing a legacy of innovation…
• Page Industries Sees Revenue Increase in Q1 FY25 as E-Commerce Expands
  10 August 2024, indianretailer.com
  Page Industries Limited, India’s leading apparel manufacturer, announced its financial results for the first quarter ending June 30th, 2024. The company’s performance highlights a steady growth trajectory, driven by retail expansion and ongoing investments in digital and e-commerce platforms across India…
• India’s E-lifestyle Market to Triple by 2028, Reach $45 Bn!
  10 August 2024, indianretailer.com
  India is rapidly becoming a key market for global lifestyle brands, with 90 percent of the top 50 international brands now operating in the country…
• Raymond’s Technological Leap: AI, Omnichannel Strategies, and the Future of Retail
  10 August 2024, indianretailer.com
  Raymond, a brand synonymous with quality and heritage in India, is not just resting on its laurels. The company has embarked on a technological revolution, integrating AI and omnichannel commerce to ensure that it stays..
• New Era Cap Partners with Metro Brands to Expand Retail Footprint in India
  10 August 2024, indianretailer.com
  New Era Cap, the New York-based headwear brand, has entered into a long-term licensing agreement with Metro Brands Limited (MBL), one of India’s largest footwear and accessories retailers…
• Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges
  10 August 2024, indianretailer.com
  KeystoneThe rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
• India’s Lifestyle Market Set to Hit $210 Bn by 2028 with 22 pc Online Growth
  10 August 2024, indianretailer.com
  India’s lifestyle market, currently valued at a staggering $130 billion, is on its way to a significant transformation. Fashion dominates this market, accounting for approximately 80 percent, with beauty and personal care (BPC) making up the remainder…
• Keystone Realtors Q1FY25 Pre-Sales Of Rs 611 Cr Reflects 22% YoY Growth
  07 August 2024, rprealtyplus.com
  Keystone Realtors (Rustomjee Group) released its Q1FY25 Results. The company has reported a pre-sale of Rs 611 Cr, Collections Rs 485 Cr and Operating Cash Flows Rs 108 Cr…
• Brigade Enterprises posts Rs 80.53 crore profit in Q1 FY25
  07 August 2024, realty.economictimes.indiatimes.com
  Brigade Tetrarch, a wholly owned subsidiary of the company, entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million sq ft leasable office space on Airport Road, NH 44, Bengaluru…
• Government Revises LTCG Indexation On Real Estate
  07 August 2024, rprealtyplus.com
  The government has moved an amendment to the Finance Bill, 2024, to let taxpayers select either a 12.5% longterm capital gains tax rate without indexation or a 20% rate with indexation for property acquired before July 23…
• Gautam Adani To Step Down From Infrastructure Conglomerate In 8 Years
  07 August 2024, rprealtyplus.com
  Adani Group chairman Gautam Adani, 62, plans to step down from the infrastructure conglomerate he founded in 1988 at the age of 70 and transfer control to his two sons and two nephews in the early 2030s…
• Brigade Group Announces New Commercial Development on Airport Road
  07 August 2024, rprealtyplus.com
  Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space…
• Shaping the future of Home Appliances with innovation and tech – with Kamal Nandi, Godrej Appliances
  07 August 2024, retail.economictimes.indiatimes.com
  In conversation with ETRetail’s Anurag Sharma, Godrej Appliances’ business head and executive vice president Kamal Nandi shares his insights on the consumer appliances industry, challenges faced and the opportunities that lie ahead for the new businesses. In today’s fast-paced world, innovation and technology are constantly shaping various industries, and the home appliances sector is no exception. This podcast highlights the significant role that innovation and technology play in shaping the future of home appliances.From smart and sustainable devices to interconnected homes, consumers can look forward to a future where our appliances not only make our lives easier but also contribute to a more sustainable and efficient lifestyle…
• Flipkart’s quick commerce service ‘Minutes’ goes live in Bengaluru
  07 August 2024, retail.economictimes.indiatimes.com
  Across areas like Belandur, HSR, Flipkart Minutes is delivering grocery, electronics, smartphones and other products within 8-16 minutes. This marks Flipkart’s formal entry in quick commerce taking on Swiggy’s Instamart, Zomato’s Blinkit, Zepto and BigBasket’s BB Now…
• India’s Marico beats Q1 profit estimates on cooking, hair oil demand
  07 August 2024, retail.economictimes.indiatimes.com
  Marico consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter. Total revenue from operations increased 6.7% to 26.43 billion rupees, marking its biggest growth in more than two years. Revenue from India, which made up three-fourths of total revenue, climbed 7.4%…
• KFC India operator Devyani tops Q1 profit view as discounts drive demand
  07 August 2024, retail.economictimes.indiatimes.com
  To attract budget-conscious customers, KFC India operator Devyani International offered discounts and promotional offers such as chicken rolls at Rs 99 at its KFC outlets. The T20 Cricket World Cup and the coinciding school holidays also helped drive its sales…
• L’Oreal to acquire 10% stake in Swiss skin care company Galderma
  07 August 2024, retail.economictimes.indiatimes.com
  “It allows us to explore partnering in the fast-growing aesthetics market, a key adjacency to our own pure beauty play. We fully support Galderma’s management and its strategy respect its independence and are very confident in its long-term growth potential,” L’Oreal CEO Nicolas Hieronimus said of the stake purchase…
• Swiggy Instamart appoints Sairam Krishnamurthy as Sr Vice President & COO
  07 August 2024, retail.economictimes.indiatimes.com
  Quick commerce platform Swiggy Instamart has appointed Sairam Krishnamurthy as the Senior Vice President & Chief Operating Officer. Krishnamurthy will oversee Swiggy Instamart’s operating units, which include dark store operations, infrastructure operations, city growth and expansion, the company said on Monday…
• Snickers maker Mars explores acquisition of Kellanova, sources say
  07 August 2024, retail.economictimes.indiatimes.com
  This deal would be one of the biggest ever in the packaged food sector, given Kellanova’s market value of about $27 billion including debt, and test the appetite of regulators to allow consolidation in the sector…
• Multiplex, OTT players wary of extra burden from Karnataka entertainment cess
  07 August 2024, livemint.com
  The recent passage of the Karnataka Cine and Cultural Activists (Welfare) Bill, 2024, has left theatre owners and OTT players operating in the southern state worried…
• Ace turtle appoints three senior leaders
  07 August 2024, retail.economictimes.indiatimes.com
  Rahul Rajan has been appointed as chief business officer – retail of fashion brands, Agnes Raja George as AVP and business head of Wrangler and Central Planning; and Jitender Singh as AVP and business head of Lee, ace turtle announced in a media release on Monday…
• Motherson JV set to join Apple vendors’ family circle in India
  07 August 2024, retail.economictimes.indiatimes.com
  Motherson Group has joined Apple’s supply chain network in India in partnership with BIEL Crystal Manufactory. They will set up a manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This strategic move aims to diversify Motherson’s manufacturing focus beyond automotive components, leveraging Apple’s reduced dependency on Chinese producers…
• Amazon India head Manish Tiwary resigns
  07 August 2024, retail.economictimes.indiatimes.com
  “Manish Tiwary, Country Manager for Amazon India, has decided to pursue an opportunity outside of the company. Manish’s leadership over the last eight years has been instrumental in delivering for customers and sellers, making Amazon.in the preferred marketplace in India,” Amazon India statement said…
• VCs crowd deal street on quick commerce, D2C success
  07 August 2024, retail.economictimes.indiatimes.com
  Multiple new-age brands, aided by fast growth on quick commerce platforms like Blinkit, Zepto, and Instamart, are in the middle of raising new cash. The growth in scale has come from quick commerce, several people who know told us. These include kids gift brand Tuco Intelligent, bread maker The Health Factory and The Whole Truth…
• Bata India Q1 net profit jumps 63% to 174 cr, revenue dips 1.4% to Rs 944.63 cr
  07 August 2024, retail.economictimes.indiatimes.com
  “The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating the customer experience, by maintaining gross margins in the face of sluggish consumption momentum during the quarter,” said an earnings statement from the company…
• Raymond net profit from continuing operations rises 27 pc to Rs 57.04 cr in April-June
  07 August 2024, retail.economictimes.indiatimes.com
  Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in a regulatory filing…
• Compass India acquires 70% stake in food services company ICS Foods
  07 August 2024, retail.economictimes.indiatimes.com
  Compass India Food Services, a subsidiary of the British Compass Group Plc, has acquired a 70% stake in the Delhi-based ICS Foods Pvt Ltd. This acquisition marks Compass’s second major investment in the Indian market, targeting food and beverage catering services…
• Muthoot Exim Expands Retail Footprint with New Gold Point Centre in Thiruvananthapuram
  07 August 2024, retail.economictimes.indiatimes.com
  Muthoot Exim (P) Ltd the precious metal arm of the 137-year-old business conglomerate Muthoot Pappachan Group, announces the opening of its latest Gold Point Centre in Thiruvananthapuram. This new centre is the 2nd in Kerala and the 26th across India…
• Chai Sutta Bar Expands Presence with New Hyderabad Outlet
  07 August 2024, indianretailer.com
  Chai Sutta Bar has announced the launch of its new outlet in Hyderabad. Located at Building No. 17-1-382/R/9/2, RTC Colony, Saidabad, K V Ranga Reddy District, Champapet, Hyderabad-500035, this new outlet aims to bring the rich flavors of Indian chai to the city, offering residents and visitors a cozy atmosphere to enjoy their favorite tea blends…
• New Balance Expands Retail Footprint in India with New Store in Bengaluru
  07 August 2024, indianretailer.com
  New Balance, a rapidly growing sports brand, has opened its latest retail concept store on Brigade Road, Bengaluru. This move marks a significant step in the company’s strategic expansion under its newly established Indian subsidiary…
• 10Club Homes to Launch 30 New Stores Over the Next Two Years
  07 August 2024, indianretailer.com
  10Club Homes, a prominent retailer of home products and household accessories, is set to expand its physical retail presence with plans to open approximately 30 new stores over the next two years. This move is part of the brand’s strategy to enhance its direct-to-consumer (D2C) network…
• Azorte by Reliance Retail Unveils Third Thrilling Store in Bengaluru
  07 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain by Reliance Retail, has launched its third store in Bengaluru, located at Vega City Mall. This news was announced by Hari Krishnan, head of visual merchandising at Azorte…
• Marico Reports Steady Growth in Q1FY25 Across Domestic and International Markets
  07 August 2024, indianretailer.com
  In Q1FY25, Marico Limited reported revenue from operations of Rs 2,643 crore, reflecting a 7 percent year-on-year increase. The growth was driven by a 4 percent volume increase in the domestic business and a 10 percent constant currency growth in the international business…
• IMAX Debuts in Gujarat with New Theater
  07 August 2024, indianretailer.com
  PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
• Allcargo Group Names Ketan Kulkarni as Deputy MD of Gati Express and Supply Chain
  07 August 2024, indianretailer.com
  Allcargo Group, an India-born global logistics conglomerate, has appointed Ketan Kulkarni as Deputy Managing Director of Gati Express and Supply Chain Pvt. Limited, a material subsidiary of Allcargo Gati Limited…
• Mars Wrigley India Partners with CleanMax to Boost Renewable Energy and Sustainability Efforts
  07 August 2024, indianretailer.com
  Mars Wrigley India has announced a partnership with CleanMax, a leading provider of renewable energy solutions for the Commercial and Industrial (C&I) sector in Asia. This collaboration is aimed at advancing Mars Wrigley India’s sustainability goals by reducing carbon emissions and enhancing its renewable energy usage…
• Top 10 Largest Water Parks in India
  07 August 2024, indianretailer.com
  Largest water parks in India aren’t just about cooling off—they’re perfect for memorable business gatherings. These expansive parks offer thrilling rides, relaxing wave pools, and various attractions that make them ideal for corporate functions…
• 67 pc of Indians Turn to Global Shopping, 76 pc Trust International Quality
  07 August 2024, indianretailer.com
  India is at the forefront of a global cross-border shopping revolution, propelled by increasing consumer demand for superior quality and unique products from around the world…
• K-Beauty Goes Mainstream: How Laneige’s Retail Launch at Sephora India is a Game-Changer
  07 August 2024, indianretailer.com
  Hydration fans, brace yourselves; Laneige, the iconic Korean skincare brand that’s taken the world by storm, has landed at Sephora India. The brand has been available at different ecommerce websites until now…
• V-Mart Retail Q1 Net Profit at Rs 12.14 Cr; Revenue Up 15.8 Pc to Rs 786 Cr
  07 August 2024, indianretailer.com
  V-Mart Retail Ltd. has announced a notable financial turnaround for the first quarter ending June 2024, reporting a profit of Rs 12.14 crore. This represents a substantial recovery from the Rs 21.94 crore loss recorded in the same period the previous year, as detailed in a recent regulatory filing…
• VAHDAM India Aims to Redefine Global Wellness with Expansion, Sustainability, and Social Impact
  07 August 2024, indianretailer.com
  VAHDAM India, a home-grown wellness brand, offers the finest Indian teas and spices under a sustainable ethical brand, eliminating middlemen. Started in 2015 by then-23-year-old Bala Sarda, it is a vertically integrated brand that is disrupting the 200-year-old global supply chain, sourcing directly from 150 farms across India with its…
• Bakingo Sets Ambitious Vision to Become India’s Leading Bakery Brand
  07 August 2024, indianretailer.com
  Bakingo, starting from a cloud kitchen, has expanded to over 75 fulfillment centers across major cities in India. The brand has evolved significantly, expanding its product range to offer over 200 flavors and varieties across assortments…
• Adani Group Plans Entry In NCR With $1 Billion Bid for Jaypee’s Real Estate Assets
  05 August 2024, rprealtyplus.com
  Adani Enterprises Limited (Adani Group) plans to bid for the bankrupt Jaiprakash Associates Limited vast apartment complexes, villas and golf courses in the National Capital Region, making a grand entry into the country’s biggest property market through the insolvency court…
• Emami eyes 50% of top line from its acquired brands
  05 August 2024, retail.economictimes.indiatimes.com
  The acquired brands of Emami now contribute 45 per cent of the top line of the FMCG major and this could go past 50 per cent soon. In the report, Emami Vice-Chairman and Managing Director Harsha V Agarwal said when Emami acquired Zandu more than a decade-and-a half ago — in possibly the largest acquisition in the country’s personal care space — there was a question over whether it had paid too much. Emami acquired Zandu in late 2008 for Rs 750 crore…
• Myntra CEO Nandita Sinha to take over Flipkart Fashion as Arief Mohammad quits
  05 August 2024, retail.economictimes.indiatimes.com
  Flipkart’s fashion vertical head Arief Mohamad is set to exit the firm, with his role being taken over by Myntra chief executive Nandita Sinha, people in the know told ET…
• Curefoods’ Olio Pizza aiming to become a Rs 500 crore brand by 2026-end; plans entry into Dubai market
  05 August 2024, retail.economictimes.indiatimes.com
  Olio Pizza is a delivery-first cloud kitchen pizza brand under Curefoods which reached Rs 100 crore annual revenue rate (ARR) in 15 months, one of the fastest in consumption category, Ankit Nagori, founder of the company shared. By this year’s end, the company expects the pizza brand to reach 200 locations and achieve a Rs 200 crore annual revenue rate (ARR)…
• Emami’s new strategy has consumer at the centre
  05 August 2024, retail.economictimes.indiatimes.com
  Emami is graduating from being a seasonal and rural-focused company to a “perennial and universal” organisation and has been positioning itself by taking a consumer-centric approach, said vice- chairman and managing director Harsha V Agarwal…
• Changing consumer trends: Premium outperforms mass as ‘new’ India seeks quality of life
  05 August 2024, retail.economictimes.indiatimes.com
  Demand for premium products, including hair serums and fabric conditioners, has grown significantly in the last two years, driven by increasing affluence and changing consumer preferences. Companies like Hindustan Unilever and Mondelez India have seen notable growth in their high-end product sales, indicating a shift towards quality and convenience in consumer choices…
• E-commerce led by quick-commerce emerging as ‘high growth channel’ for FMCG companies
  05 August 2024, thehindubusinessline.com
  Companies such as Dabur India, Nestle India, Hindustan Unilever and Tata Consumer have reported high double-digit growth on e-commerce channel in their Q1 earnings…
• Delhivery to launch dark stores for D2C brands
  05 August 2024, retail.economictimes.indiatimes.com
  New-age logistics player Delhivery will launch a network of shared dark stores, or micro warehouses, targeted at direct-to-consumer (D2C) brands looking to fulfil local deliveries in a two to four-hour timeline, the company’s cofounder and chief executive Sahil Barua said in a post-earnings analysts call on Friday. These micro warehouses will be made available to companies on a shared basis…
• Snitch Launches Its 16th Store in Rajkot
  05 August 2024, indianretailer.com
  Bengaluru-based omnichannel fashion brand Snitch has proudly announced the opening of its 16th store in Rajkot, Gujarat. This exciting milestone was shared through a social media post by the company…
• Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years
  05 August 2024, indianretailer.com
  Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
• Top Luxury Handbag Brands In India
  05 August 2024, indianretailer.com
  India is known for its diverse tastes in style and fashion. And people don’t buy luxury only for comfort but to show their value in society, likewise, all luxury products including handbags are just a way of showing their richness and standards…
• 8 Best Single Malt Whisky Brands in India
  05 August 2024, indianretailer.com
  Single malt Scotch whisky stands as a testament to the art of whisky-making, offering a complex array of flavors that cater to both seasoned aficionados and casual enthusiasts. In 2024, the Indian market is embracing these sophisticated spirits more than ever…
• The Body Shop Announces Collaboration with Actress Diana Penty
  05 August 2024, indianretailer.com
  British ethical beauty brand The Body Shop has announced an exciting partnership with Indian actress Diana Penty. A standout element of this collaboration is the introduction of Edelweiss, a remarkable new ingredient in The Body Shop’s product lineup. Harvested by a team of passionate experts in the pristine Swiss Alps, Edelweiss extract is sourced, managed, and organically cultivated to ensure the highest quality…
• Lavish Soni Takes on the Role of Chief Business Officer at The House of Rare
  05 August 2024, indianretailer.com
  Seasoned retail expert Lavish Soni has been promoted to Chief Business Officer at The House of Rare, a move he shared with his network in a social media post…
• Novotel Pune Welcomes Anant Leekha as General Manager
  05 August 2024, indianretailer.com
  Novotel Pune has announced the appointment of Anant Leekha as its new General Manager. With over 20 years of industry experience, Anant is well-regarded for his strong track record and achievements…
• Nothing Achieves 567 Pc YoY Growth in H1 2024
  05 August 2024, indianretailer.com
  London-based consumer technology brand, Nothing, has reported a 567 percent year-on-year (YoY) growth, according to Counterpoint Research, a global technology market research firm…
• Apple Sets Revenue Records in India and Beyond for June 2024
  05 August 2024, indianretailer.com
  iPhone maker Apple experienced record revenue growth in India and over two dozen other countries in the quarter ending June 30, 2024, according to its chief executive officer, Tim Cook…
• Navigating the Complexities of Offline Expansion for D2C Food and Beverage Brands
  05 August 2024, indianretailer.com
  In the dynamic landscape of consumer goods, particularly within the food and beverage sector, direct-to-consumer (D2C) brands have sought to disrupt traditional distribution channels by focusing primarily on online sales…
• Mumbai Property Registrations Rise 16% YoY
  03 August 2024, rprealtyplus.com
  Mumbai city (area under BMC jurisdiction) saw significant growth in July 2024, with 12,160 property registrations contributing over INR 1,055 cr to the state exchequer…
• Rajan Aggarwal Joins Bhartiya Urban as Chief Financial Office
  03 August 2024, rprealtyplus.com
  Bhartiya Urban, a leading real estate development firm in India, is pleased to announce the appointment of Rajan Aggarwal as its new Chief Financial Officer…
• Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex
  03 August 2024, realty.economictimes.indiatimes.com
  The Delhi High Court has appointed an arbitrator to resolve the dispute between PVR INOX and Ansal Plaza Mall in Greater Noida. PVR INOX claims that its four-screen multiplex at Ansal Plaza Mall was sealed due to unpaid government dues by the lessor, Sheetal Ansal…
• In Reliance Retail’s company, Superdry to enter athleisure
  03 August 2024, retail.economictimes.indiatimes.com
  Superdry’s foray into the athleisure segment in India will be a first for the company globally, with several stores set to be opened across India. Initially, the company will sell clothing, and later footwear after securing BIS certification…
• Britannia Industries net profit rises 10.85% to Rs 504.88 crore in Q1 FY25
  03 August 2024, retail.economictimes.indiatimes.com
  Britannia Industries announced a 10.85% increase in net profit for the June quarter of FY25, totaling Rs 504.88 crore. The company saw modest revenue growth of 4%, driven by higher volumes and improved margins. They expanded distribution in rural areas and focused on modern trade and e-commerce channels…
• Titan profit drops 5.4% to Rs 715 cr in Apr-Jun; sales rise 12%
  03 August 2024, retail.economictimes.indiatimes.com
  Titan’s sales were up 12.64 per cent to Rs 12,223 crore during the quarter under review. It was Rs 10,851 crore for the corresponding quarter, according to a regulatory filing. Its total expenses increased 12.75 per cent to Rs 12,413 crore in the June quarter. Titan’s total income in the June quarter rose 11.44 per cent to Rs 13,386 crore…
• We will be focusing more on tier II and beyond cities, says Ramesh Kalyanaraman, ED of Kalyan Jewellers
  03 August 2024, retail.economictimes.indiatimes.com
  For the next few years, we will be focussing on tier II and beyond cities because these markets are more open and we do not have a presence there, he said…
• Meesho onboards Hari Bhartia, Kalpana Morparia, Rohit Bhagat as independent directors
  03 August 2024, retail.economictimes.indiatimes.com
  “As we embark on the next phase of growth, I am thrilled to announce the appointment of Surojit Chatterjee, Kalpana Morparia, Rohit Bhagat, and Hari S. Bhartia as independent directors to Meesho’s board,” Meesho, Founder and CEO Vidit Aatrey said in a statement…
• Lotte India, Havmor to merge to form one integrated entity, will invest ₹400 crore to set up new ice-cream factory for Havmor
  03 August 2024, thehindubusinessline.com
  In a strategic move, South Korea-based confectionery company, Lotte Wellfood, has decided to merge its Indian subsidiaries Lotte India and Havmor Ice Cream to establish an integrated entity in India…
• Brands from Starbucks to LVMH are hurting in one big market
  03 August 2024, retail.economictimes.indiatimes.com
  Retailers, including luxury giant LVMH, L’Oreal, and Starbucks are all seeing lower sales in the world’s second-largest economy, compared with past years. Chinese customers are choosing to save their money and spending on experiences when they do fork out. Starbucks, which reported earnings on Tuesday, saw an especially harsh reality check…
• Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years
  03 August 2024, indianretailer.com
  Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
• Bonkers Corner Opens Ninth Retail Store in Bengaluru
  03 August 2024, indianretailer.com
  Bonkers Corner, a notable player in the fashion retail industry, has opened its ninth store in India, marking its debut in Bengaluru. The new location, spanning 3000 square feet, is situated on Brigade Road, positioning it as a key destination for fashion shoppers in the city…
• Fossil Expands Retail Presence with New Store in Pune’s Phoenix Mall
  03 August 2024, indianretailer.com
  Fossil, a global leader in lifestyle accessories, has announced the opening of its latest retail store in Phoenix Mall of the Millennium, Pune. This expansion underscores Fossil’s commitment to enhancing its retail presence in India, making its brand more accessible to customers in emerging markets across the nation…
• Vinod Cookware Acquires Healux International to Expand Retail Footprint
  03 August 2024, indianretailer.com
  Vinod Cookware, a renowned brand with over 60 years of history in the Indian cookware market, has announced the acquisition of Healux International Pvt. Ltd., a Bangalore-based startup specializing in cookware and healthy lifestyle products…
• A.O. Smith Celebrates 150 Years with Growth Focus in India
  03 August 2024, retail.economictimes.indiatimes.com
  A.O. Smith Corporation has marked its 150th anniversary, reflecting on its rich history, innovative transformations, and promising future. A.O. Smith India, established in 2010, is among the fastest-growing regions within the corporation, outperforming major markets with a strong pan-India presence…
• Meesho Strengthens Board with Four Independent Directors
  03 August 2024, indianretailer.com
  Meesho has appointed four Independent Directors to its Board: Kalpana Morparia, Hari S. Bhartia, Surojit Chatterjee, and Rohit Bhagat. This move highlights Meesho’s commitment to transparency and strong corporate governance…
• Bebe Burp Bags Rs 8 Cr in Pre-Series A Funding to Expand Market Presence
  03 August 2024, indianretailer.com
  Bebe Burp, a certified baby food brand under Mighty Steps Pvt Ltd, has successfully closed its latest Pre-Series A funding round, securing Rs 8 crore from the venture capital firm Gruhas Collective Consumer Fund (GCCF)…
• Chanel Launches E-Commerce Site in India, Expanding Luxury Access
  03 August 2024, indianretailer.com
  In a significant move within the Indian beauty market, Chanel has unveiled its e-commerce platform today, marking a notable shift in the luxury shopping experience. As Indian consumers become increasingly discerning…
• Leaf Studios Brings New Line of Wireless Audio Products
  03 August 2024, indianretailer.com
  Leaf Studios, a leader in audio technology, has launched six new wireless audio products, including four true wireless earbuds and two neckbands. The new products are designed to offer a high-quality audio experience at an affordable price, with neckbands starting at Rs 599 and earbuds starting at Rs 899…
• Rising Demand Fuels Evolution in Sexual Health and Wellness Solutions
  03 August 2024, irecwire.com
  From innovative products to holistic approaches, these companies are redefining the landscape, ensuring comprehensive care that embraces both physical and emotional well-being…
• Zomato’s revenue rises 74% on Blinkit, Hyperpure surge; profit grows to Rs 253 crore
  02 August 2024, retail.economictimes.indiatimes.com
  Food delivery giant Zomato reported multifold year-on-year (YoY) growth in its consolidated net profit while revenue soared for the June quarter. Zomato announced the launch of District – a new app for its going-out business. The company has been increasing its focus on the vertical, which includes dining out, live events, and ticketing…
• ITC Q1 net profit flat at Rs 5,177 cr, revenue up 7.5% to Rs 20,029.5 cr
  02 August 2024, retail.economictimes.indiatimes.com
  “While green shoots of demand recovery emerged during the quarter in the Paperboards, Paper & Packaging segment, performance remained impacted largely due to cheap Chinese supplies in international markets including India and a surge in domestic wood prices,” ITC said…
• D2C fitness startup Boldfit onboards cricketer KL Rahul as investor; targets Rs 500 crore revenue by FY26
  02 August 2024, retail.economictimes.indiatimes.com
  Boldfit achieved a revenue of Rs 73 crore in the fiscal year 2022-23. With strategic initiatives and KL Rahul’s impact, the brand aims to reach Rs 500 crore in revenue by FY26. Currently, it serves over 1 crore customers annually and aims to expand this reach to 5 crore with this partnership…
• Amazon India sees demand surge from tier 2, 3 cities; Co. says Prime Day 2024 shopping increased 24%
  02 August 2024, retail.economictimes.indiatimes.com
  On the marketplace, during Prime Day, sales of side-by-side refrigerators grew two times, while sales of high-capacity front-load washing machines increased ninefold compared to 2023. Overall consumer electronics and personal computing category sales grew 13 per cent in the same period…
• Emami PAT rises 10 pc to 150.6 cr in June quarter
  02 August 2024, retail.economictimes.indiatimes.com
  Emami’s revenue from operations was up 9.73 per cent to Rs 906.07 crore during the quarter under review. It was Rs 825.66 crore in the corresponding quarter a year ago. The company’s total expenses were Rs 689.56 crore, up 8.4 per cent in the June quarter of FY24. Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore…
• Dairy firm Milk Mantra’s FY24 revenue marginally rises to Rs 279 crore; becomes 6% EBITDA positive
  02 August 2024, retail.economictimes.indiatimes.com
  Milk Mantra announced a financial recovery for FY24, with revenue growing to Rs 279 crore. The company’s EBITDA improved from a Rs 6.56 crore loss to a positive 6% margin. Their value-added products saw a 15% annual growth. Future plans include investments and regional expansion of the Milky Moo brand…
• FirstCry: Meet the man behind the baby products business that grew into a giant
  02 August 2024, retail.economictimes.indiatimes.com
  Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth…
• Amazon says consumers cautious, forecasts revenue below Wall Street targets
  02 August 2024, retail.economictimes.indiatimes.com
  Amazon.com experienced a slowdown in online sales growth during the second quarter, as consumers opted for cheaper products. This cautious spending behavior caused an almost 8% decline in Amazon shares. Despite beating analyst expectations in profits and cloud computing sales, stiff competition and budget-conscious shoppers impacted Amazon’s projections for the upcoming quarter…
• Luggage startup uppercase planning to open 100 stores in next two years
  02 August 2024, retail.economictimes.indiatimes.com
  ​​uppercase has opened its first two stores in Mumbai and Bengaluru this week. Sudip Ghose, founder and managing director of the company said, “These spaces allow us to connect directly with our consumers and showcase our range of innovative and sustainable bags.”..
• Godrej Agrovet to acquire stake in Tyson Foods
  02 August 2024, thehindubusinessline.com
  Godrej Agrovet Limited announced a purchase agreement with Tyson India Holdings Limited for the remaining 49 per cent stake in Godrej Tyson Foods Limited (GTFL). The stake will be acquired at a cost of ₹322.8 crore…
• Zomato launches District app for dining out, events, ticketing biz
  02 August 2024, retail.economictimes.indiatimes.com
  Zomato introduced a new app, District, for its going-out vertical, which includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. The segment reported Rs 1,268 crore in the April-June quarter, a 106% rise from the previous year. Zomato aims to create ‘super brands’ instead of ‘super apps’…
• Brewer AB InBev beats Q2 profit forecasts, but volumes slip
  02 August 2024, retail.economictimes.indiatimes.com
  The world’s largest brewer by volumes reported a 10.2% rise in second quarter normalised core profit (EBITDA), surpassing analyst forecasts for growth of 8.3%. Investors see the period as a return to normality for the maker of Budweiser and Stella Artois, after years of issues caused by COVID-19, high cost inflation and a prolonged boycott of key brand Bud Light in the United States, whose impact is now fading…
• India’s mfg sector growth eases slightly in Jul; selling prices see sharp uptick
  02 August 2024, retail.economictimes.indiatimes.com
  India’s manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) moderated slightly from 58.3 in June to 58.1 in July…
• India smartphone market clocks highest ever revenue for Q2
  02 August 2024, retail.economictimes.indiatimes.com
  Counterpoint Research said the Indian smartphone market clocked around $10 billion in revenues in Q2 2024, while a slower second quarter typically sees around $8-9 billion in revenues. This, even as quarterly shipments for Q2 declined by 2% year-on-year, influenced by a heatwave, a seasonal slump, and slower demand from Q1 2024…
• Recode Studios Expands Further with 17th Store Opening in Lucknow
  02 August 2024, indianretailer.com
  Recode Studios, a leading name in the cosmetic industry, proudly announces the grand opening of its 17th outlet in Kapurthala Chowk, Lucknow. This new store, which spans 200 square feet, marks a significant milestone in the brand’s ongoing expansion journey…
• ixigo Achieves 78 Pc YoY Profit Growth in Q1 FY25
  02 August 2024, retail.economictimes.indiatimes.com
  Le Travenues Technology Limited, popularly known as ixigo, has released its financial results for the quarter ending June 30, 2024, showcasing substantial growth and profitability across key performance metrics…
• Metro Brands Names Mohit Dhanjal as Chief Operating Officer
  02 August 2024, indianretailer.com
  Mumbai-based footwear retailer Metro Brands Ltd. (MBL) has appointed Mohit Dhanjal as its Chief Operating Officer, effective 1 August…
• IMAX Debuts in Gujarat with New Theater
  02 August 2024, indianretailer.com
  PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
• How Consumer Trends and Digital Adoption are Fueling India’s FMCG Growth
  02 August 2024, indianretailer.com
  India’s Fast-Moving Consumer Goods (FMCG) sector has demonstrated remarkable growth, driven by consumer demand and increasing product prices, especially for essential goods. This sector not only contributes significantly to the country’s economy but also provides employment to around 3 million people, accounting for approximately 5 percent of total factory employment in India…
• Vineet Gautam Reaches 15-Year Milestone at Bestseller India
  02 August 2024, indianretailer.com
  Vineet Gautam, the CEO and Country Head of Bestseller India is set to celebrate 15 years with the Danish fashion and lifestyle group. Gautam recently shared this milestone on social media, marking a significant chapter in his career…
• Colgate-Palmolive India Reports 33 Pc Increase in Q1 Profit to Rs 364 Cr
  02 August 2024, indianretailer.com
  Colgate-Palmolive (India) Limited announced its financial results for the first quarter ended June 30, 2024, showcasing impressive growth and robust performance across its product portfolio. The brand delivered a robust 13.0 percent year-on-year topline growth for the quarter ended June 30, 2024…
• Elista Enhances Kitchen Convenience with New Dishwasher Range
  02 August 2024, indianretailer.com
  Elista, India’s leading consumer technology brand under TeknoDome, has announced the expansion of its dishwasher category with the launch of a new range of dishwashers…
• DiAi Designs Expands to the US with New Website Launch
  02 August 2024, indianretailer.com
  DiAi Designs, a leading Indian brand specializing in sustainable lab-grown diamond jewellery, has announced the launch of its new website catering to the US market. Founded in 2018, DiAi Designs has been a pioneer in reshaping the jewellery industry with its dedication to sustainability and contemporary design…
• Roastea Unveils New Outlet in Dehradun
  02 August 2024, indianretailer.com
  Dehradun, renowned for its tea culture and historic tea gardens, has welcomed a new addition to its culinary landscape. Roastea, a brand celebrated for its specialty coffees and artisanal tea experiences, has launched its fifth on-the-go outlet and its first in Dehradun…
• Clink Audio Debuts in India with Premium VoiceBuds TWS
  02 August 2024, indianretailer.com
  Clink Audio has made a notable entry into the Indian market with the launch of its innovative TWS VoiceBuds, designed to deliver an exceptional audio experience. This new product marks a significant development for Clink Audio in the consumer electronics space…
• Nexus Select Trust 8% YoY Increase in Retail Net Operating Income
  01 August 2024, rprealtyplus.com
  Nexus Select Trust, India’s first listed Retail REIT, reported results for the first quarter ended June 30, 2024. Achieved Retail Net Operating Income of INR 3,719 million (8% YoY growth) in Q1 FY25; in-line with FY25 projections…
• Mindspace Business Parks REIT Net Operating Income Grows 9.2% YoY
  01 August 2024, rprealtyplus.com
  Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter ended June 30, 2024…
• Prestige Estates Projects’ net profit dips 3.40% in Q1 FY25
  01 August 2024, realty.economictimes.indiatimes.com
  Prestige Estates Projects’ net consolidated total income stood at Rs 2,024.50 crore in Q1 FY25, a growth of 2.96 per cent from Rs 1,966.30 crore it recorded in the similar quarter last year…
• CapitaLand India Trust Management reports 21% growth in net property income for H1 2024
  01 August 2024, realty.economictimes.indiatimes.com
  Total property income and net property income for the period grew by 23% and 21% y-o-y to S$136.1 million and S$103.5 million for H1 2024, respectively…
• Unilever draws up new metrics to reward directors
  01 August 2024, retail.economictimes.indiatimes.com
  Unilever has revamped director pay, shifting from operating margin to absolute profitability measures after shareholder concerns over high compensation. HUL mirrored this, adjusting executive pay due to slower sales and profit growth. This approach aims to enhance performance in a tough market climate, aligning rewards with overall company goals…
• Tata Digital stitching ‘value fashion’ plan under its Cliq brand
  01 August 2024, retail.economictimes.indiatimes.com
  Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet…
• Godfrey Phillips to go ahead with exit from retail business under 24Seven
  01 August 2024, retail.economictimes.indiatimes.com
  Cigarette maker Godfrey Phillips India Ltd is proceeding with plans to exit the retail business under the ’24Seven’ brand after a district court in Delhi set aside an interim injunction. The board approved the exit on April 12, 2024, citing stakeholder feedback and market conditions. The retail business division had a negative net worth as of March 31, 2024, with revenue of Rs 403 crore in FY23-24…
• Customer growth is our top priority, says Dinesh Agarwal, CEO, IndiaMART
  01 August 2024, retail.economictimes.indiatimes.com
  Standalone revenue from operations for the quarter registered a growth of 18 per cent as it increased to Rs 315 crore as compared to Rs 268 crore last year. The growth was primarily driven by over 13 per cent improvement in realization from paying suppliers and the remaining by an increase in the number of paying suppliers…
• Myntra aims to onboard 500 D2C brands under new program to push Make-in-India
  01 August 2024, retail.economictimes.indiatimes.com
  Myntra revealed plans to onboard 500 D2C beauty and grooming brands by the end of the year through its Beauty Edit initiative. This program aims to accelerate the growth of made-in-India digital-first beauty brands, aligning with India’s rapidly expanding Beauty and Personal Care industry, projected to reach $30 billion by 2027…
• Bangalore-based legacy jeweller CKC looking to enter lab-grown diamond and high-end silver jewellery businesses in a big way
  01 August 2024, retail.economictimes.indiatimes.com
  C. Krishniah Chetty (CKC), a heritage jeweller from Bangalore, has expanded into the lab-grown diamond and high-end silver jewellery markets. Their sub-brand crash.club achieved a milestone by selling India’s largest recorded lab-grown diamond, a 20.06-carat emerald-cut stone…
• Samsung Electronics Q2 shows fastest growth in over a decade
  01 August 2024, retail.economictimes.indiatimes.com
  Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. And demand for the advanced chips that power AI systems has skyrocketed thanks to the success of ChatGPT and other generative AI products…
• The Body Shop Integrates Cultural Design with Sustainability in Indian Retail
  01 August 2024, indianretailer.com
  The Body Shop, a global ethical beauty brand, is enhancing its presence in India’s retail sector through innovative store designs that celebrate the country’s rich cultural heritage…
• Hippo Homes and Metadome.ai Introduce VR Experience in Greater Noida
  01 August 2024, indianretailer.com
  In a groundbreaking move for the retail and home improvement sectors in India, Metadome.ai has partnered with Hippo Homes to launch an innovative virtual reality (VR) experience at Hippo Homes’ new store in the Grand Venice Mall, Greater Noida…
• Adidas Reports Q2 Sales Growth in North America Excluding Yeezy
  01 August 2024, indianretailer.com
  Adidas announced that its second-quarter revenues in North America, excluding sales of the Yeezy line, increased from last year. This growth was driven by both wholesale and its own retail segments…
• Pepperfry Expands Product Portfolio with Amberville
  01 August 2024, indianretailer.com
  Pepperfry has launched its latest collection, “Versaille,” by its in-house brand, Amberville. This new range combines French elegance with versatility, designed to enhance the aesthetics of any home…
• Product Life Cycle | Defined, Importance and Stages
  01 August 2024, indianretailer.com
  The life of a product from manufacturing to the shelf of a customer, is most important for a business for it to grow and flourish in the respective market. Know all about a product’s life cycle, its importance and its main stages…
• Honasa Appoints Nilesh Kotalwar as Online Senior Vice President
  01 August 2024, retail.economictimes.indiatimes.com
  Honasa Consumer Limited, the holding company of renowned brands like Mamaearth, The Derma Co., Aqualogica, Bblunt, and Dr Sheth’s, and the fastest-growing beauty and personal care (BPC) brand in India, proudly announces the appointment of Nilesh Kotalwar as Senior Vice President – Online Revenue & Growth…
• What to Expect from the Titan and AIGNER Collaboration in India
  01 August 2024, indianretailer.com
  AIGNER Watches, a brand renowned for its iconic designs, high-fashion styling, craftsmanship, and Swiss-made precision, has officially entered the Indian market. Rahul Shukla, Vice President and Chief Sales & Marketing Officer of Titan Watches Division expressed his excitement, stating, “We are thrilled to introduce AIGNER Watches to the Indian market…
• Akutee Unveils ‘Nostalgia’ Collection Celebrating Festive Season
  01 August 2024, indianretailer.com
  Akutee, the renowned homegrown artisan-led brand, has unveiled its latest collection, “Nostalgia,” just in time for the festive season. This new line draws inspiration from the vibrant and intricate beauty of the natural world,…
• Zanotta Introduces New Italian Menu with Chef Daniele Di Sacco
  01 August 2024, indianretailer.com
  Zanotta, the renowned Italian restaurant at The Leela Ambience Gurugram Hotel and Residences, has unveiled an all-new menu crafted by Chef Daniele Di Sacco. With extensive experience in Italy, Chef Daniele aims to highlight the best of Italian gastronomy using locally sourced ingredients to recreate the essence of traditional Italian cooking…
• Retail Sector Records Strongest H1 Leasing In 5 Years
  31 July 2024, rprealtyplus.com
  CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, announced the findings of its report, ‘India Retail Figures H1 2024’. The report highlights real estate growth, trends, and dynamics across the retail sector in India…
• Delhi-NCR Emerged As Top Destination For PE Investments
  31 July 2024, rprealtyplus.com
  India’s real estate market experienced a remarkable surge in investments during Q2 2024, attracting a significant USD 2.77 billion, according to Cushman & Wakefield’s latest Capital Market Beat report. This impressive influx propelled the total investments for the first half of 2024 to a record-breaking USD 3.9 billion…
• Macrotech Developers’ profit jumps 2.7 times to Rs 475 crore in Q1 FY25
  31 July 2024, realty.economictimes.indiatimes.com
  Total income grew to Rs 2,918.3 crore during the April-June period of this fiscal year from Rs 1,671.8 crore in the corresponding period of the preceding year…
• Mindspace REIT’s net operating income up 9% to Rs 496 crore in Q1 FY25
  31 July 2024, retail.economictimes.indiatimes.com
  Net Operating Income (NOI) increased 9 per cent to Rs 496 crore, from Rs 455 crore a year-ago, while distribution grew 5 per cent in the reported quarter to Rs 299 crore, from Rs 285 crore in the year-ago period…
• Nexus Select Trust’s net operating income up 7% to Rs 413 crore in Q1FY25
  31 July 2024, retail.economictimes.indiatimes.com
  ​In a regulatory filing, the company said it achieved retail Net Operating Income (NOI) of Rs 371.9 crore in April-June period of this fiscal, up 8 per cent from the year-ago period…
• How DMart plans to take on the quick commerce rivals
  31 July 2024, retail.economictimes.indiatimes.com
  Avenue Supermart, India’s largest listed retailer by sales and market capitalization, announced that it will focus on discounting and lower pricing to drive growth. The owner of DMart supermarkets emphasized that it will prioritize opening more stores instead of launching an ultra-fast delivery model, despite the rising popularity of quick commerce rivals. This approach is aimed at covering catchments and clusters where quick commerce companies are currently experiencing high demand…
• Tata Consumer Products’ net profit drops 14.3% to Rs 289.25 crore in Q1 FY25
  31 July 2024, retail.economictimes.indiatimes.com
  Tata Consumer Products’ ​​managing director and CEO, Sunil D’Souza said, “During the quarter, we recorded strong growth in the India salt business, our India tea business was impacted by an intense summer. Our growth businesses – Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz, Capital Foods, Organic India– recorded 66 per cent growth (20 per cent organic growth)…
• Adani Wilmar to invest Rs 600 crore to expand edible oil business, solar power capacities
  31 July 2024, retail.economictimes.indiatimes.com
  Adani Wilmar plans to invest Rs 600 crore to expand edible oil processing capacities and launch new food products. It aims for higher growth in volume terms, with ongoing expansion programs of Rs 3,400 crore. Promoters aim to reduce stakes to 75 per cent by February, meeting SEBI’s norm. The company reported a net profit of Rs 313.20 crore in Q1 of the fiscal year, with revenue growth in edible oils, food, and FMCG businesses…
• Top global brands like Marks & Spencer, Walmart and Pepco may boost India sourcing after import duty relief
  31 July 2024, retail.economictimes.indiatimes.com
  Brands who may have origins in other countries but have a presence in Australia like Kmart and Target, too are buying large volumes of garments from Tiruppur to take advantage of the India-Australia Free Trade Agreement, said KM Subramanian, president of Tiruppur Exporters Association (TEA). Also, Australian brands like BIG W and Woolworth are placing orders after the FTA…
• More than a third of fashion and footwear products get returned in online shopping: Report
  31 July 2024, retail.economictimes.indiatimes.com
  A recent report by Return Prime revealed that over a third of fashion and footwear products are returned in online shopping, with 17.6% of all ecommerce orders being returned, leading brands to implement stricter return policies. Return Prime’s founder Sashwat Swaroop emphasised the importance of efficiently managing returns to reduce losses and drive revenue. Ecommerce sales surged during the pandemic, exacerbating return issues, prompting brands to adjust return policies to mitigate costs…
• ElasticRun appoints Ankit Gadia as Chief Financial Officer
  31 July 2024, retail.economictimes.indiatimes.com
  Ankit Gadia will spearhead the development of innovative business strategies, fostering a culture of profitability throughout the organization. He will be working closely with ElasticRun’s co-founders and senior leadership to serve as the company’s face to investors, external partners and government bodies, as per the statement…
• Pizza Hut India operator misses Q1 profit estimates on weak demand, surging costs
  31 July 2024, retail.economictimes.indiatimes.com
  Sapphire Foods’ revenue from operations rose 10% to 7.18 billion rupees in the June quarter, missing analysts’ estimate of 7.23 billion rupees. The company said prices of ingredients rose nearly 10%, expanding its total expenses by 13% to 7.12 billion rupees…
• Varun Beverages Q2 Results: PAT jumps 26% YoY to Rs 1,262 crore, revenue up 28%
  31 July 2024, retail.economictimes.indiatimes.com
  Varun Beverages’ consolidated sales volume grew by 28.1% to 40.16 crore cases in Q2 CY2024 from 31.35 crore cases in Q2 CY2023, including 2.8 crore cases from BevCo during the quarter. About 46% of the company’s consolidated sales volumes came from low-sugar or no-sugar products…
• Burger King’s India operator restaurant brands Asia Q1 results: Loss narrows to Rs 49 crore
  31 July 2024, retail.economictimes.indiatimes.com
  The company’s consolidated net loss narrowed to Rs 493.6 million (USD 5.90 million) in the three months ended June 30 from a loss of INR 504.8 million a year earlier. However, this is the company’s fifteenth consecutive quarterly loss…
• Honasa Consumer appoints Nilesh Kotalwar as senior VP – online revenue and growth
  31 July 2024, retail.economictimes.indiatimes.com
  Honasa Consumer has named Nilesh Kotalwar as senior vice president – online revenue and growth. Kotalwar will focus on online strategy and growth for brands including Mamaearth and Aqualogica. An IIM-Lucknow alumnus, Kotalwar brings over 13 years of experience from companies like Godrej Consumer and Hindustan Unilever to his new role…
• Bagline Launches Second Store in Pune
  31 July 2024, indianretailer.com
  Multi-brand bag retailer Bagline House of Luxury Bags, a division of homegrown bag manufacturer Brand Concepts Ltd., has announced the opening of its second store in Pune. This new outlet is strategically located on Jungli Maharaj Road in Deccan, expanding Bagline’s footprint in the city…
• Flyrobe Partners with Sri Sringarr to Elevate Fashion Rental in Mumbai
  31 July 2024, indianretailer.com
  Flyrobe, a prominent fashion rental platform in India, has announced a strategic partnership with one of Mumbai’s oldest rental stores, Sri Sringarr. This collaboration aims to enhance Sri Sringarr’s offerings by integrating luxury items and advanced technology, thereby improving the overall customer experience in the retail sector…
• Tynimo Opens at Reach 3Roads in Gurugram
  31 July 2024, indianretailer.com
  Reach 3Roads, a high-street retail center by the Reach Group, announces the opening of Tynimo in Gurugram. Occupying approximately 659 sq. ft. on the ground floor, Tynimo aims to transform the shopping experience for residents…
• IndiaMART Announces Q1 FY2025 Financial Results with 17 Pc Revenue Growth
  31 July 2024, indianretailer.com
  IndiaMART InterMESH Limited has released its financial results for the first quarter ending June 30, 2024. The company’s consolidated revenue from operations reached Rs 331 crore, up from Rs 282 crore in the same period last year, marking a 17 percent increase…
• How ONDC’s Interoperable QR Code will Transform India’s Retail Sector
  31 July 2024, indianretailer.com
  In India, one of the most daunting tasks for small businesses is the struggle to gain visibility and establish an online presence. Platform constraints and high costs have made it challenging for them to compete with larger e-commerce giants…
• How Tata Soulfull is Disrupting the Masala Oats Category
  31 July 2024, indianretailer.com
  Tata Soulfull, known for its millet-based products, introduces Tata Soulfull Masala Oats+ Dal Shakti to the Indian retail market. This new variation in the Masala Oats category combines Moong dal with the Mast Masala flavor, offering a nutritious and convenient snacking option…
• Honeywell and Air India Forge Long-Term Support Agreement for Auxiliary Power Units
  31 July 2024, indianretailer.com
  Honeywell has entered into a long-term agreement with Air India Limited, India’s premier global airline and a part of the Tata Group, to provide Auxiliary Power Unit (APU) aftermarket support for both the existing and new fleets…
• Flipkart Unifies Financial Services with ‘Flipkart Pay’ for a Seamless Shopping Experience
  31 July 2024, indianretailer.com
  Flipkart, India’s leading e-commerce marketplace, has consolidated its financial and payment services under the new platform ‘Flipkart Pay’ ahead of the festive season. This strategic move aims to enhance customer engagement and streamline the payment process, positioning Flipkart Pay as a comprehensive solution for all financial transactions on the platform…
• Generation X Fuels E-Commerce Boom in India
  31 July 2024, indianretailer.com
  In the first half of 2024, the Indian e-commerce landscape has experienced a significant shift, driven by an unexpected demographic: individuals aged 41-60 years. this age group has dramatically increased its online spending, with categories like travel, food and beverages (F&B), and services witnessing the fastest growth…
• JUST CORSECA Unveils Latest Audio Wearables and Portable Speaker
  31 July 2024, indianretailer.com
  JUST CORSECA, a renowned brand in audio innovation, has introduced its newest range of audio wearables: the SONNET TWS, SPECTRE TWS, STRIDER SmartTouch Earbuds, and the SSTRIKE JST612 BT Portable Speaker…
• Saya Group Unveils New Brand Identity
  30 July 2024, rprealtyplus.com
  Saya Group, a leader in luxury real estate, is proud to unveil its new brand identity, marking a significant shift towards ultra-luxury. This rebranding underscores Saya Group’s commitment to pushing the boundaries of innovation and excellence…
• Elan Group Ties Up With CBRE For Mall Management In Gurugram
  30 July 2024, rprealtyplus.com
  Elan Group announced the appointment of CBRE, a global leader in real estate services for the comprehensive facilities management of its 4 malls in Gurugram. This strategic partnership signifies Elan Group’s commitment to delivering exceptional experiences for customers and visitors at its premises…
• TARC Ltd Appoints Arabian Construction Company As Principal Contractor
  30 July 2024, rprealtyplus.com
  TARC Limited, one of New Delhi’s leading real estate developer, has appointed Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi & its upcoming development TARC 63A located in Gurugram…
• Oberoi Realty to develop 2,576 sq meters land in Bandra West, Mumbai
  30 July 2024, realty.economictimes.indiatimes.com
  Oberoi Realty expects to generate a free sale component of around 40,000 sq ft from the said land…
• One sector where Tata, Birla and Ambani will slug it out
  30 July 2024, retail.economictimes.indiatimes.com
  Why is Birla entering a sector where a big player like Tata is well-entrenched and growing, besides several other national-level brands while an Ambani brand too strives to make its place?..
• It’s trending D2C: new-age brands flex muscle via own sites
  30 July 2024, retail.economictimes.indiatimes.com
  Direct ecommerce, or brands selling directly to consumers through their digital platforms, has risen to 10-15% of India’s online retail market of $70-75 billion now, from 2-3% five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?…
• Adani Wilmar Q1 Results: Co swings to black, posts Rs 313 crore-profit; revenue rises 10% YoY
  30 July 2024, retail.economictimes.indiatimes.com
  Adani Wilmar reported strong double-digit volume growth in both the Edible Oils and Food & FMCG segments, with increases of 12% YoY and 42% YoY, respectively, driven by growth in packaged staple foods. While Oleo and Castor oil in the Industry Essential segment experienced strong double digit volume growth, a decline in the oil meal business impacted the segment’s overall growth…
• Colgate Palmolive Q1 PAT up 33% to Rs 364 crore on price hikes
  30 July 2024, retail.economictimes.indiatimes.com
  Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The toothpaste maker’s overall sales rose 13% to 14.86 billion rupees, owing to a 13% growth in its domestic net sales during the quarter…
• Arvind’s Q1 Results: Net profit drops 40% YoY as inflationary pressures weigh
  30 July 2024, retail.economictimes.indiatimes.com
  The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees a year earlier. Arvind’s shares fell 2.8% after the results…
• Unilever’s Samir Singh moves on
  30 July 2024, retail.economictimes.indiatimes.com
  Unilever veteran Samir Singh has spent over two decades of experience in beauty and personal care across multiple categories like skin care, bath and body and make-up and across all big global markets. Singh was a member of the global beauty and personal care LT, board member of Unilever Asia Pte, ex-executive director, Hindustan Unilever (HUL) management committee…
• Nearly 150-200 direct to consumer brands entered offline retail channel over the past two years
  30 July 2024, retail.economictimes.indiatimes.com
  About 150-200 direct-to-consumer (D2C) brands have entered offline channels and quick-commerce platforms in the past two years, despite the funding challenges. Since 2016, over 600 D2C brands have launched, receiving $4 billion in investments. The D2C market is projected to grow from $16.9 billion in FY23 to $61.3 billion by FY27..
• Blackstone readies Rs 40,000 crore bid to acquire 51% stake in Haldiram’s
  30 July 2024, moneycontrol.com
  Blackstone Inc has sweetened its offer for Haldiram’s, the iconic Indian fast-food chain, in a move that will likely pave the way for the private equity firm’s entry into India’s lucrative snacks market…
• Tata International to increase share of sustainable leather to 50% in 4 years
  30 July 2024, retail.economictimes.indiatimes.com
  Tata International plans to increase its sustainable leather production from 27% to 50% by FY28. Manufactured under the Earthcare brand, including Phoenix Leather, the sustainable leather is produced in Dewas. Despite post-Covid challenges, demand is recovering in key markets. Tata collaborates with top global brands and benefits from India’s reduced customs duty on certain leather types…
• Gaia by Archie Opens Flagship Store in Faridabad
  30 July 2024, indianretailer.com
  Gaia by Archie is set to open its flagship multi-brand store on July 21st, 2024, in Faridabad, Delhi NCR. This store aims to provide a premium retail experience in India, combining contemporary and traditional fashion aesthetics…
• uppercase Expands Offline Presence with New Stores in Bangalore and Mumbai
  30 July 2024, indianretailer.com
  uppercase has launched its exclusive offline stores in India, located in Bangalore and Mumbai. The Bangalore store is situated at Lulu Mall, while the Mumbai outlet is at Phoenix Marketcity in Kurla. Both stores opened within two weeks, showcasing uppercase’s commitment to catering to the needs of modern travelers with sustainable options…
• Why 72 pc of Indian Shoppers Are Embracing AI Chatbots for Online Purchases
  30 July 2024, indianretailer.com
  Indian online shoppers exhibit distinct behaviors and preferences, placing a high value on brand trust and the quality of products and services. Indian online shoppers are tech-savvy and value efficiency, relevance, and personalized experiences…
• How Amazon India is Bringing International Beauty Brands to Every Pin Code
  30 July 2024, indianretailer.com
  India’s beauty market is a burgeoning arena, forecasted to reach a staggering $46 billion in the coming years. International brands are keenly eyeing this vast potential, and Amazon India stands at the helm of this transformation, leveraging its vast reach and robust infrastructure to cater to the burgeoning demand…
• ITC Strengthens FMCG Portfolio with Strategic Expansions
  30 July 2024, indianretailer.com
  To enhance its future-ready FMCG portfolio in the retail sector in India, ITC has launched nearly 100 superior and differentiated products annually, focusing on segments such as Health and Nutrition, Hygiene, Protection and Care, Convenience, On-the-Go, and Indulgence…
• Tata International Unveils Sustainable Phoenix Leather
  30 July 2024, indianretailer.com
  Tata International, the global trading and distribution division of the Tata Group, has launched Phoenix Leather, an eco-friendly product under its Earthcare Leather range, reinforcing its commitment to sustainable practices…
• Upcoming Biggest Malls in India 2024
  30 July 2024, indianretailer.com
  As India steps into 2024, the retail sector is gearing up for a transformative year with several new mega malls set to make their debut. These expansive shopping centers are designed to offer a blend of high-end retail and innovative amenities, promising to enhance the shopping experience across the country…
• BOP.In & Gaurs Launch ‘Kaun Banega Car-O-Pati’ Offer
  29 July 2024, rprealtyplus.com
  In a significant development, BOP.in is presenting the groundbreaking offer “Kaun Banega Car –O- Pati” on the occasion of Independence Day and Raksha Bandhan. The offer starts on 26th July and ends on 25th August along with the 9 years guaranteed income Investment Plan in Gaur World Smart Street project in Greater Noida West…
• Anant Raj Ltd Announces Q1 FY2025 Results With 63.5% Surge In PAT
  29 July 2024, rprealtyplus.com
  Anant Raj Limited, a leading name in the real estate sector, has announced its unaudited standalone financial results for the quarter ended June 30, 2024…
• L&T Realty, Valor Estate to jointly develop Rs 20,000 crore project in Mumbai
  29 July 2024, realty.economictimes.indiatimes.com
  Both companies are planning to build a mixed-use project with premium housing, commercial spaces, and a 1,000-key five-star luxury hotel, on a combination of revenue and area-share basis…
• Ashwin Seth Group aims to touch Rs 3,000 crore revenue in FY25
  29 July 2024, realty.economictimes.indiatimes.com
  Ashwin Seth Group is planning an investment of about Rs 1,500 crore in FY25 and Rs 2,500 in FY26 towards completing existing projects and expansion. It achieved sales revenue of Rs 1,486 crore in the FY24…
• Foods and Premium Personal Care portfolios to contribute 25 pc revenue by FY27: Marico
  29 July 2024, retail.economictimes.indiatimes.com
  Marico’s consolidated revenue growth has moved into “positive territory in Q4 and is expected to trend upwards during the course of FY25”, said the company which owns brands such as Sffola, Parachute, Hair & Care, Nihar and Livon etc…
• End of revenge shopping? Top retail chains scale back as Indians curb their spending
  29 July 2024, retail.economictimes.indiatimes.com
  Top retail chains like Reliance Retail, Shoppers Stop, and Spencer’s are closing underperforming stores due to prolonged consumption slowdown. Reliance closed 249 stores, Spencer’s exited North and South India. Companies are focusing on rationalizing networks and controlling costs to sustain operations amid weak demand and external challenges like heatwaves and elections…
• Beyond Snack looking to capture 10% of overall chips market share in India, triples production capacity
  29 July 2024, retail.economictimes.indiatimes.com
  Last month, Beyond Snack opened its factory at India Food Park, Tumkur, Karnataka. Spread across 60,000 square feet over 2 acres of land, it has a daily production capacity of 6.6 metric ton (MT). The company said this factory will triple its current capacity, enhancing its global expansion plans and ensuring scalability to meet future demands…
• Buying gold overseas seen to lose lustre as duty cut push domestic sales
  29 July 2024, retail.economictimes.indiatimes.com
  Indian jewellers foresee a surge in domestic gold purchases due to a significant customs duty cut in the 2024-25 budget. This change has narrowed the price gap between India and Dubai, making Indian gold more appealing. The reduction is expected to boost domestic gold production, and jewellers plan to introduce new designs to attract customers…
• Italian luxury group Zegna posts flat organic revenue
  29 July 2024, retail.economictimes.indiatimes.com
  Italian fashion group Ermenegildo Zegna reported broadly flat second-quarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset a weaker quarter at its Thom Browne brand. Organic revenue totalled 497 million euros ($539 million) for the April-June quarter, down 0.4% from a year earlier…
• India actively taking steps to become global manufacturing centre: Lazard report
  29 July 2024, retail.economictimes.indiatimes.com
  India is experiencing rapid economic growth and is aiming to become a global manufacturing hub, according to Lazard’s report. The report highlights India’s strong demographic dividend, with a growing labor force and a rising middle class. The report also highlights PM Modi’s commitment to turning India into a developed country by 2047…
• Polls, heatwaves cool smartphone sales in June quarter
  29 July 2024, retail.economictimes.indiatimes.com
  In the June quarter, smartphone sales in New Delhi declined by 1-2% due to heatwaves and elections, causing an inventory buildup. Samsung, OnePlus, and Apple saw reduced shipments, although June improved with discounts. Vivo and Xiaomi excelled, with Xiaomi regaining the top spot. Despite higher average selling prices, the market experienced degrowth…
• Top 10 Brands Like Decathlon In India
  29 July 2024, indianretailer.com
  India’s retail sector has undergone a significant transformation in recent years, with both international and domestic brands catering to the diverse needs of consumers…
• Sustainable commerce: balancing financial profitability with environmental responsibility
  29 July 2024, indianretailer.com
  Concepts such as “ESG” (Environmental Social Governance), “Sustainability”, “Net Zero”, “Triple Bottom Line”, “Circular economy” have transitioned from academia and thinktanks to boardrooms, annual reports, and strategy meetings…
• Iconic Flurys Opens 1st Tearoom in Mumbai; Targets 120 Outlets by Fiscal End
  29 July 2024, indianretailer.com
  Apeejay Surrendra Park Hotels’ iconic bakery & confectionary brand Flurys is launching its first tearoom in Mumbai, near the Gateway of India…
• Nykaa’s Falguni Nayar ceases to be Dabur’s non-exec independent director after completion of second term
  29 July 2024, storyboard18.com
  Falguni Nayar is the founder, Executive Chairperson & Managing Director and Chief Executive Officer of Nykaa. She holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad…
• M3M India Appoints Stuart Mcconnachie As Chief Construction Controller
  27 July 2024, rprealtyplus.com
  M3M India, the country’s leading luxury real estate company announces the appointment Stuart McConnachie as Chief Construction Controller…
• DLF’s sales bookings jump over three-fold to Rs 6,404 crore in Q1 FY25
  27 July 2024, realty.economictimes.indiatimes.com
  DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year…
• Aditya Birla group forays into jewellery retail with ‘Indriya’
  27 July 2024, retail.economictimes.indiatimes.com
  The Aditya Birla Group launched its new jewellery retail brand, Indriya, directly competing with Tanishq and Reliance Jewels. Indriya plans to be a top-three player in five years, leveraging India’s shift towards branded jewellery. This ₹5,000 crore initiative marks the group’s entry during the festive season, aiming to capitalize on India’s booming wedding market and rising preference for trusted brands…
• ITC to invest Rs 20,000 crore in medium term across businesses: Chairman and MD, Sanjiv Puri
  27 July 2024, retail.economictimes.indiatimes.com
  ITC is also proactively pursuing strategic investments, particularly in neighbouring markets, such as the FMCG facility set up by ITC’s Subsidiary, Surya Nepal Private Limited. ITC’s wholly owned subsidiary, WelcomHotels Lanka Private Limited, also launched the iconic ITC Ratnadipa, widely acknowledged as a jewel in Colombo’s hospitality landscape, he stated…
• Luggage brand Nasher Miles raises $4 mn
  27 July 2024, retail.economictimes.indiatimes.com
  “We’ve strategically opted for a smaller raise at a reasonable valuation, setting the stage for our Series A round later this year or early next year. This approach allows us to maintain our growth momentum while preparing for larger-scale expansion,” said Lokesh Daga, co-founder and director, Nasher Miles…
• KingsCraft eyes Rs 50 cr revenue from newly launched e-commerce platform in FY25
  27 July 2024, retail.economictimes.indiatimes.com
  The Pune-based company, which started operations this year, also said it is looking to venture into offline segments as well with plans to set up 50 fashion retail stores across Tier-I cities under the new platform by March next year…
• Swiggy empowers restaurant partners with market intelligence dashboard
  27 July 2024, retail.economictimes.indiatimes.com
  Swiggy has developed a Market Intelligence Dashboard to assist brands in tracking business performance, analysing operational metrics, and monitoring marketing spends. These insights translate into actionable intelligence, helping restaurants make data-driven decisions, a company release stated…
• Retail leasing doubles in top 7 cities in second quarter of 2024: JLL
  27 July 2024, retail.economictimes.indiatimes.com
  The leasing activity by retailers in organized retail centres and key high streets across the top seven cities surged by over 100 per cent in the second quarter (Q2) of 2024, according to a report by real estate firm JLL…
• EmbassyManufacturing sentiments and domestic demand up in Q1 FY25: FICCI survey
  27 July 2024, retail.economictimes.indiatimes.com
  Manufacturing sentiments in India have shown an improvement in the first quarter of the financial year 2024-25, according to FICCI’s Quarterly Survey on Manufacturing…
• Snitch Expands with 15th Store Opening in Vadodara
  27 July 2024, retail.economictimes.indiatimes.com
  Bengaluru-based omnichannel fashion brand Snitch has marked a significant milestone by inaugurating its 15th store in Vadodara, Gujarat. This new store represents a key expansion in the brand’s growth strategy, reinforcing its presence in the Indian fashion market…
• H&M Broadens Its Reach in Mumbai with a New Store on Linking Road, Bandra
  27 July 2024, indianretailer.com
  H&M India, a globally renowned retailer known for offering fashion and quality at affordable prices with a commitment to sustainability, proudly announced the grand opening of its eighth store in Mumbai…
• Top 10 Smart TV Brands in India 2024: Best Picks for Retailers
  27 July 2024, indianretailer.com
  In 2024, the Indian smart TV market is poised for impressive growth, with an expected annual increase of 12.4% and a market valuation reaching ₹35,000 crores…
• Bikaji Foods Sees 40 Pc Profit Surge and 15 Pc Revenue Boost in Q1
  27 July 2024, indianretailer.com
  On Wednesday, Bikaji Foods International Ltd, a leading snacks manufacturer, reported a remarkable 40.2 percent increase in its consolidated net profit for the first quarter ending June 2024…
• Top 10 Affordable Smartwatch Brands in India 2024 – Top Picks
  27 July 2024, indianretailer.com
  Ever imagine why smartwatches are more popular than regular watches? Because they can do so much more than just tell you the time and date. From tracking your steps and distance, counting the calories burned, to watching…
• Dusaan Unveils New Furniture Line in Home Decor Expansion
  27 July 2024, indianretailer.com
  New Delhi-based home decor brand Dusaan has made a significant expansion into the furniture category, introducing over 300 products…
• Nandadeep Jayakar Appointed as Business Head of Foot Locker India
  27 July 2024, indianretailer.com
  Mumbai-based footwear retailer Metro Brands Ltd. (MBL), which has secured the license to own and operate Foot Locker stores in India, has named Nandadeep Jayakar as the business head of Foot Locker India…
• How Bharat’s Small Towns Are Driving India’s $300 Bn Retail Future
  27 July 2024, indianretailer.com
  In recent years, Bharat—India’s smaller towns and rural areas—has witnessed a significant shift in the eCommerce landscape. Traditionally dominated by major urban centers like Delhi, Mumbai, and Bangalore, the spotlight is..
• Nestlé India Profit Up 7 PC to Rs. 747 Cr; Sales Rise 3.75 PC to Rs. 4,793 Cr
  27 July 2024, retail.economictimes.indiatimes.com
  Nestlé India Ltd reported a 6.9 percent rise in net profit to Rs. 746.60 crore for the quarter ending June 2024, up from Rs. 698.34 crore during the same period last year, according to the company’s regulatory filing…
• Top 9 Young Entrepreneurs in India Acing the D2C Segment
  27 July 2024, indianretailer.com
  The younger generation aims to reach new heights today, especially in entrepreneurship. Gone are the days when a traditional nine-to-five job was the only path to success…
• Emami Set to Acquire Full Ownership of The Man Company
  27 July 2024, indianretailer.com
  Emami, a leading FMCG company in India, is nearing the full acquisition of the men’s grooming brand The Man Company. Sources indicate that Emami is set to purchase the remaining stake in The Man Company for an estimated Rs 400 crore…
• From Metros to Tier I Cities, How Mars Wrigley Plans to Redefine Premium Gifting in India
  27 July 2024, indianretailer.com
  Imagine unwrapping a gift so exquisite that it feels like a treasure trove of delights, each piece as precious as a jewel. Mars Wrigley India has just launched something that promises to redefine the way we think about gifting: GALAXY® Jewels…
• Karan Johar’s Jewellery Brand Tyaani Expands to Pune
  27 July 2024, indianretailer.com
  Indian filmmaker and television personality Karan Johar’s jewelry brand Tyaani has made a significant entry into Pune with the inauguration of its first store in the city. Situated in the bustling Kalyan Nagar area, the newly opened store boasts an impressive collection of over 2,000 designs…
• Iconic Flurys Opens 1st Tearoom in Mumbai; Targets 120 Outlets by Fiscal End
  27 July 2024, indianretailer.com
  Apeejay Surrendra Park Hotels’ iconic bakery & confectionary brand Flurys is launching its first tearoom in Mumbai, near the Gateway of India…
• Si Nonna’s launches its first outlet at Surat
  27 July 2024, indianretailer.com
  The first Neapolitan sourdough pizza pioneer, Si Nonna’s, is excited to announce the opening of its first outlet in Surat, Gujarat. This is a major step towards introducing a hint of Naples to the center of Surat…
• Eating Love Adds Third Bangalore Outlet
  27 July 2024, indianretailer.com
  Eating Love, the well-known Neapolitan sourdough pizza business founded by Niharika Peri in 2018, has announced its third location in Bangalore. This expansion is a significant step for the brand as it brings authentic Italian cuisine to more areas of the city…
• Embassy REIT Leases 1.9 Million Square Feet In Q1 FY2025
  26 July 2024, rprealtyplus.com
  Embassy Office Parks REIT (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results for the first quarter ended June 30, 2024…
• ADLF’s profit up 23% to Rs 645.61 crore in Q1 FY25
  26 July 2024, realty.economictimes.indiatimes.com
  Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing…
• Reliance Retail’s Swadesh stitches up pact with Falguni Shane
  26 July 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s ethnic handicrafts initiative, Swadesh, has launched its first partnership with luxury designer label Falguni Shane Peacock. This collaboration, which may expand into a deeper strategic alliance, aims to enhance Swadesh’s ethnic handicrafts offerings…
• Nestle India profit rises 7 pc to Rs 746.6 crore in June quarter, sales up 3.75 pc to Rs 4,792.97 cr
  26 July 2024, retail.economictimes.indiatimes.com
  Suresh Narayanan, chairman and managing director of Nestle India, said,”Despite external challenges such as lower consumption growth, concerns about continued food inflation and volatile commodity prices, we have delivered growth across our product groups. Almost a fourth of our growth has been mix and volume led, and we hope to strengthen this trend in the coming months”…
• Emami likely to acquire 100% stake in The Man Company
  26 July 2024, retail.economictimes.indiatimes.com
  Emami Ltd considered acquiring the remaining 49.6% stake in Helios Lifestyle, which owns The Man Company brand. Emami already had a 50.4% stake after previous investments. Analysts noted The Man Company boosted Emami’s earnings, becoming EBITDA positive and growing by 86% last fiscal year. Don’t miss full details on Emami’s potential complete acquisition and its impact on their portfolio…
• McDonald’s India operator Westlife Foodworld posts 88.7% profit decline in Q1 FY25
  26 July 2024, retail.economictimes.indiatimes.com
  Westlife Foodworld Limited, operating McDonald’s in West and South India, reported a significant 88.7% drop in Q1 profit. Despite slight revenue growth, challenges included higher royalty costs and operating deleverage. The company remains focused on innovation and expansion, targeting 580-630 locations by 2027…
• Indian basmati rice maker LT Foods’ Q1 profit jumps on strong demand
  26 July 2024, retail.economictimes.indiatimes.com
  According to official data, India’s basmati rice exports grew by 13% to $1.04 billion from April to May, highlighting strong performance in international markets during the quarter…
• Metro Brands appoints Nandadeep Jayakar as business head for Foot Locker India
  26 July 2024, retail.economictimes.indiatimes.com
  Metro Brands has appointed Nandadeep Jayakar as business head of Foot Locker India. Jayakar, with experience from Adidas India and others, will report to Alisha Malik. Metro Brands aims to elevate sneaker culture and expand its market presence…
• WOW Skin Science eyes 5-7 pc of overall revenue from Color Cupid this fiscal
  26 July 2024, retail.economictimes.indiatimes.com
  Currently, the brand has launched 40 SKUs across face, eyes, and lips categories, and the products are available both online, through platforms like Amazon, and offline, spanning over 300 beauty advisor-led stores and 1,000+ makeup stores…
• Parle continues to be India’s top FMCG brand at home, 12th time in a row
  26 July 2024, retail.economictimes.indiatimes.com
  Parle, owned by Parle Products, remains India’s top FMCG brand in the latest Brand Footprint ranking, with seven of the top 10 brands being homegrown. The study measures brands based on consumer reach points (CRPs), combining penetration and frequency of purchase…
• Amazon Prime Day 2024 sees 24% increase in prime members shopping in India
  26 July 2024, retail.economictimes.indiatimes.com
  E-commerce giant Amazon’s Prime Day sale event saw a 24 per cent increase in member participation and a peak of 24,196 orders placed by Prime members in a single minute at Prime Day 2024, particularly from tier 2 and 3 cities, reflecting a growing e-commerce trend…
• Nestle’s chocolate prices in focus as cocoa costs bite
  26 July 2024, retail.economictimes.indiatimes.com
  Over the past three years Nestle and other consumer goods companies have raised prices across their brands to cover sky-high input costs amid supply chain issues after the pandemic. In recent quarters, the costs of most commodities have started to decline again but cocoa has nearly doubled in price this year amid shrinking supplies…
• Consumer goods might see rise in demand with new budget
  26 July 2024, retail.economictimes.indiatimes.com
  The Indian government’s budget focuses on infrastructure, rural outlay, and tax savings, which are expected to boost rural demand for packaged consumer goods and two-wheelers. The budget also aims to create jobs, which will drive consumption in tier-2 and 3 cities. However, the increase in capital gains taxes could impede discretionary spending…
• Preity Zinta, Shubman Gill launch Gym facility Drive Fitt
  26 July 2024, retail.economictimes.indiatimes.com
  The brand will oeprate in a franchise model and aims to expand its presence to 300 locations across the country in the next three years…
• LimeRoad.com Expands Into Offline Retail With a New Store in Karnataka
  26 July 2024, indianretailer.com
  Online fashion retailer Limeroad.com has marked a significant milestone by launching its first brick-and-mortar store in Karnataka, two years after its acquisition by value consumer company V-Mart Retail…
• Top 10 Affordable Smartwatch Brands in India 2024 – Top Picks
  26 July 2024, indianretailer.com
  Ever imagine why smartwatches are more popular than regular watches? Because they can do so much more than just tell you the time and date. From tracking your steps and distance, counting the calories burned, to watching…
• How Starbucks India is Brewing Success with Local Flavors and Innovation
  26 July 2024, indianretailer.com
  As Starbucks India celebrates its journey across 61 cities, the brand’s success is attributed to a blend of local adaptation and innovative retail strategies…
• Coty’s Beauty Brand Max Factor Makes its Debut in India
  26 July 2024, indianretailer.com
  Max Factor, a cosmetics line from the multinational beauty company Coty Inc., has entered the Indian market in partnership with New Delhi-based specialty beauty retailer House of Beauty…
• U&i Reveals Energy & Plus Series Wireless Neckbands for Fitness Enthusiasts
  26 July 2024, indianretailer.com
  In response to the demands of today’s fast-paced world, U&i, a leading player in consumer electronics and accessories in India, has launched two new wireless neckbands designed for those constantly on the move…
• Swiggy Launches Market Intelligence Dashboard to Empower Restaurant Partners
  26 July 2024, indianretailer.com
  Swiggy, India’s pioneering on-demand convenience platform has announced the launch of Market Intelligence Dashboard, a powerful tool designed to provide restaurant partners with comprehensive and actionable insights into their performance vis à vis the market…
• Mahindra Lifespace Developers reports profit of Rs 12.74 crore in Q1 FY25
  25 July 2024, realty.economictimes.indiatimes.com
  Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing…
• Bikaji Foods International net profit rises 40.2% to Rs 58.06 crore in Q1 FY25
  25 July 2024, retail.economictimes.indiatimes.com
  Bikaji Foods International reported a 40.2% rise in consolidated net profit to Rs 58.06 crore for the quarter ending June 2024. Revenue increased by 15.24% to Rs 555.12 crore. Managing Director Deepak Agarwal highlighted significant volume growth and improved EBITDA despite higher raw material costs…
• Parag Milk Foods net profit rises to Rs 27.30 crore in Q1 FY25
  25 July 2024, retail.economictimes.indiatimes.com
  In a statement, Parag Milk Foods said the business has witnessed strong double digit volume growth of 10 per cent YoY aided by healthy volume growth in its core categories. The ghee, cheese and the new age businesses have witnessed volume growth of 15 per cent, 12 per cent and 51 per cent YoY respectively…
• LTCG tax parity may bring more family offices to the startupland
  25 July 2024, retail.economictimes.indiatimes.com
  The budget proposal to bring parity on long-term capital gains (LTCG) tax across all financial assets and abolish the angel tax will lead to more family offices investing in startups. These entities have increased their activity in startups over the past year. As per a PwC report, there were 45 family offices in 2018, which have zoomed to 300 now…
• Budget to boost leather and footwear sector, says Rajendra Kumar Jalan, Chairman, CLE
  25 July 2024, retail.economictimes.indiatimes.com
  “ Two major measures have been announced for the leather and footwear sector in the Union Budget. One is rationalization of export duties on leathers and the other is inclusion of more inputs including wet blue chrome tanned leather, wet white leather, crust leather and finished leather under the Duty Free Scheme for leather garments, leather products and footwear exporters”, Rajendra Kumar Jalan, Chairman, Council for Leather Exports (CLE) said…
• French luxury giant LVMH half-year net profit drops 14%
  25 July 2024, retail.economictimes.indiatimes.com
  Luxury group, LVMH half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. “The results for the first half of the year reflect LVMH’s remarkable resilience and the responsiveness of its teams in a climate of economic and geopolitical uncertainty,” said chief executive Bernard Arnault…
• Nestle India Q1 Preview: PAT may grow 13% YoY; margins to expand on deflation in prices
  25 July 2024, retail.economictimes.indiatimes.com
  Nestle India sustained its growth in Q1 2024 with revenue rising by 9% and profit after tax increasing by 13% year-on-year. The company benefited from deflation in palm oil and milk prices, improving EBITDA margins…
• United Spirits invests in non-alcoholic and coffee-based alcohol companies to fuel new growth
  25 July 2024, retail.economictimes.indiatimes.com
  The company will acquire 15% in V9 Beverages that markets and sells India’s first distilled non-alcoholic spirit brand Sober Gin, Sober Rum and Sober Whiskey while it has agreed to purchase 25% in Indie Brews and Spirits, the maker of Quaffine, India’s first cold brew coffee liqueur…
• Exclusive: Panasonic’s D2C platform witnesses 4x growth Q-o-Q
  25 July 2024, retail.economictimes.indiatimes.com
  The company has been experiencing a surge in demand on the back of increasing demand for ACs and refrigerators, and product category expansion along with its evolving marketing initiatives…
• Baby Forest Ayurveda Opens New Store in DLF Mall of India, Noida
  25 July 2024, indianretailer.com
  In a strategic move to expand its retail presence in India, Baby Forest Ayurveda has launched its latest store in DLF Mall of India, Noida, Uttar Pradesh. Founded in 2022, Baby Forest is renowned for its ayurvedic baby care products made from natural ingredients…
• ASUS Expands Retail Presence in India with New Kanpur Store
  25 July 2024, indianretailer.com
  To strengthen its retail footprint across India, Taiwanese tech giant ASUS has announced the opening of an exclusive store in Kanpur. The 300 sq. ft. store will feature a wide range of electronics and computer…
• Explore the Top 10 Men’s Formal Wear Brands in India
  25 July 2024, indianretailer.com
  Want to know about the top 10 formal men’s wear brands in India? The formal men’s wear industry has taken a steep curve over a period of time in the Indian fashion market…
• VIP Clothing Ltd. Launches Rivolta, Setting New Standards in Athleisure
  25 July 2024, indianretailer.com
  VIP Clothing Ltd. has launched its newest collection, Rivolta, capturing the spirit of today’s youth who balance an active lifestyle with a relaxed attitude. This collection features a versatile range of apparel for men and women, empowering them to embrace fashion without compromising on comfort…
• Why Haier India’s Hybrid Retail Model is the Future of Consumer Electronics
  25 July 2024, indianretailer.com
  Haier India is blazing a trail in the consumer appliance market, redefining how traditional brands can evolve into modern, innovative hybrid retailers. NS Satish, President of Haier Appliances India, recently shared insights with…
• Acer Launches Aspire 3D 15 SpatialLabs Edition: A Breakthrough for 3D Content Creators
  25 July 2024, indianretailer.com
  Acer, a leading brand in the PC industry, today launched the Aspire 3D 15 SpatialLabs Edition, a groundbreaking product for 3D content creators. This innovative laptop enables creators to see their projects come to life in real-time with SpatialLabs technology…
• MakeMyTrip Sees 12.9 Pc Increase in Q1 Net Profit
  25 July 2024, indianretailer.com
  MakeMyTrip, a key player in India’s retail and travel industry, reported a 12.9 percent year-on-year increase in net profit, reaching $21.0 million for the quarter ending June 30, FY25. This compares to a net profit of $18.6 million during the same period last year (Q1FY24)…
• Lavie Luxe Launches New Perfume Line, Expanding Its Premium Offerings
  25 July 2024, indianretailer.com
  Lavie Luxe, known for its high-end, premium-quality products, has announced the launch of its new category of perfumes. This expansion marks a significant milestone for the brand, extending its luxurious offerings beyond bags and accessories into the world of fragrances…
• Sanktum Redefines Luxury Fashion with Innovative Handbag Subscription Service
  25 July 2024, indianretailer.com
  Sanktum, founded by Anushi Patel and Rangoli Kute, is revolutionizing luxury fashion with its groundbreaking handbag subscription service, which has quickly become a sensation in India’s fashion industry…
• Big Hello Broadens Reach in Chennai with New Fashion Store
  25 July 2024, indianretailer.com
  Big Hello, a renowned specialty fashion brand catering to plus-sized individuals, has inaugurated its second retail experience store in Chennai. Located in the City Centre and Pondy Bazaar, these new stores provide stylish and high-quality fashion clothing and accessories designed specifically for plus-sized men and women…
• BaaMee All Day Eatery and Bar Brings Modern Retro Flair to Mumbai
  25 July 2024, indianretailer.com
  BaaMee All Day Eatery and Bar has opened its doors in Mumbai, offering a distinctive dining experience that combines modern retro design with global progressive cuisine…
• ANDAAZ Restaurant Appoints Parth Bharti as Executive Chef
  25 July 2024, indianretailer.com
  ANDAAZ Restaurant, a leading name in Indian cuisine, has appointed Parth Bharti as its new Executive Chef. Based in New Jersey, ANDAAZ aims to enhance its dining experience under Chef Bharti’s guidance…
• Pilibhit House Haridwar Appoints New Chef-in-Charge
  25 July 2024, indianretailer.com
  Pilibhit House, Haridwar – IHCL SeleQtions, Haridwar’s premier luxury hotel, has announced the appointment of Chef Rohit Dubey as the new Chef-in-Charge. With over 16 years of industry experience, Chef Dubey brings unmatched culinary expertise and knowledge to his new role…
• Gather Enhances Pune’s Deccan with New Dining Space
  25 July 2024, indianretailer.com
  Nestled in the heart of Deccan, Pune, Gather is set to open its all-day drinking and dining space dedicated to celebrating the joy of people coming together. Gather aims to be more than just a venue, focusing on the communal nature of dining, where good food, delightful drinks, and a welcoming atmosphere create memorable moments…
• Budget 2024: No Sector Specific Budget for Restaurant, EPF Support to Boost Employment
  25 July 2024, indianretailer.com
  The much awaited budget for the newly formed government led by the NDA alliance on Tuesday couldn’t bring much relief to the restaurant and hospitality sector. Finance Minister Nirmala Sitharaman unveiled the Union..
• How AI is Helping Cloud Kitchen Biz Grow
  25 July 2024, indianretailer.com
  The convenience of online meal delivery is attracting more and more customers, which has led to an accelerated rise in the cloud kitchen business in recent years. Since there are no dine-in customers, food in a cloud kitchen is exclusively made in a commercial kitchen for takeout or delivery…
• Gains For Real Estate Industry In Union Budget 2025-25
  24 July 2024, rprealtyplus.com
  Three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations are being made…
• Long-Term Holding Period Reduced For REIT & InVITs Investors
  24 July 2024, rprealtyplus.com
  The newer asset class of business trusts which includes Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) stand to benefit from the Budget 2024 as it makes the long-term holding period for tax considerations uniform with the rest of the equity market…
• HUL Q1 Results: Net profit rises 3% YoY at Rs 2,538 crore, meets estimates
  24 July 2024, retail.economictimes.indiatimes.com
  FMCG major Hindustan Unilever (HUL) reported a net profit of Rs 2,538 crore for the quarter ending June 30, 2024, which closely matched the Street estimate of Rs 2,541 crore. This represents a 3% year-on-year growth compared to the corresponding quarter last year…
• India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1
  24 July 2024, retail.economictimes.indiatimes.com
  In Q2 2024, Coca-Cola achieved 2% growth, driven by India, Brazil, and the Philippines. India’s innovative bottles with extended shelf life generated 400 million transactions, reducing costs. Developed markets remained stable; Asia Pacific grew 3%. India, the fifth largest market, significantly contributed. CEO James Quincey noted solid performance. Revenues reached $12…
• Budget ringfences India growth story: Nykaa CEO Falguni Nayar
  24 July 2024, retail.economictimes.indiatimes.com
  The Prime Minister’s package of five schemes and initiatives to accelerate employment, skill development and other opportunities for 41 million youth over the next five years with a central outlay of Rs 2 lakh crore has the potential to increase households’ purchasing power…
• Urban Company: loss narrowed in FY24, posted pre-tax profit in Q1
  24 July 2024, retail.economictimes.indiatimes.com
  The Gurugram-based company recorded Rs 281 crore in revenue for the April-June period, or the first quarter, of this fiscal year, with a profit before tax (PBT) of Rs 12 crore, the business summary showed…
• United Spirits Q1 profit rises 1.7% to Rs 485 crore
  24 July 2024, retail.economictimes.indiatimes.com
  USL CEO & Managing Director Hina Nagarajan said the company has commenced FY25 with a steady performance in the first quarter. “Our renovation and innovation offerings are rolling out progressively with an encouraging response,” she added. Looking ahead, Nagarajan said, “We remain focused on enhancing the long-term competitiveness of our portfolio, and to sustainably deliver in a soft demand environment and harness every opportunity to create long-term value for all our stakeholders.”..
• Inditex to Launch Bershka in India with First Store at Mumbai’s Phoenix Palladium
  24 July 2024, indianretailer.com
  Inditex is set to introduce its youth fashion brand, Bershka, to the Indian retail market on 1st November, with the first store opening at Mumbai’s Phoenix Palladium mall. This marks Bershka’s debut in India, following the successful launches of Zara and Massimo Dutti…
• Yousta by Reliance Retail Opens New Store in Lucknow
  24 July 2024, indianretailer.com
  Reliance Retail’s vibrant and youth-focused fashion brand, Yousta, has announced the opening of its latest store in Lucknow, located at Kapoorthala, Aliganj Road. This marks a significant milestone in Yousta’s nationwide expansion, bringing its trendy and affordable fashion offerings to the energetic city of Lucknow…
• GIVA Expands Retail Presence in India with New Kolkata Stor
  24 July 2024, indianretailer.com
  GIVA, one of India’s largest D2C fine jewellery brands, will be opening another retail store in Kolkata, Park Street, following its success in the city. The store offers a wide range of jewellery, combining classic styles with modern allure…
• Why India’s Budget 2024 Is a Win for Mobile Manufacturers and Consumers
  24 July 2024, indianretailer.com
  The Union Budget 2024 announced by India’s Finance Minister Nirmala Sitharaman has introduced a series of measures poised to energize the mobile industry. By slashing the basic customs duty on critical mobile components, the budget not only supports local manufacturing but also aims to make cutting-edge technology more accessible to consumers across the country…
• Union Budget 2024: The Impact on the Jewelry Market
  24 July 2024, indianretailer.com
  Union Finance Minister Nirmala Sitharaman has recently represented the first budget of PM Modi government’s third term in parliament. A range of economic measures and policy changes were also introduced aiming at stimulating growth and addressing various sectoral challenges…
• Top Highlights for the Retail & E-commerce Sectors from the Union Budget 2024-25
  24 July 2024, indianretailer.com
  Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 in Parliament today, marking the first budget of Prime Minister Narendra Modi’s third term…
• Allied Blenders and Distillers Limited Announces Consolidated Financial Results
  24 July 2024, indianretailer.com
  Allied Blenders and Distillers Limited, the third-largest spirits company in India by annual sales volumes between FY14 and FY24, has announced its audited financial results for the fiscal year ending March 31, 2024…
• Top 10 Grocery Brands in India
  24 July 2024, indianretailer.com
  When it comes to daily shopping, choosing the right grocery store can make a world of difference. The top grocery stores in India are not just about stocking shelves—they are pioneers in transforming the shopping experience…
• US’s Maya Medi Spa Now Open in Hyderabad
  24 July 2024, indianretailer.com
  Maya Medi Spa, a prominent US-based aesthetic skincare bar, has proudly announced the opening of its latest outlet in Banjara Hills, Hyderabad…
• “The Richness of Indian Cuisine lies in its Deep-rooted Traditions, Regional Diversity,” Chef Hari Nayak
  24 July 2024, irecwire.com
  Indian cuisine is becoming popular not just in India but across the globe and all thanks to its rich flavors, colors, and diverse dishes that Indian cuisine brings to the table…
• Litchi Brings European and Asian Cuisine Together in South Delhi
  24 July 2024, indianretailer.com
  Litchi, a new dining spot blending European and Asian culinary traditions, has opened in Panchshila Park, Malviya Nagar, South Delhi. Located on Panchsheel Marg, Litchi aims to provide a diverse gastronomic experience for both casual diners and food enthusiasts…
• Effingut Introduces Canned Craft Beers to Expand Market Reach
  24 July 2024, indianretailer.com
  Effingut, a prominent name in India’s craft brewing sector, is set to introduce its signature craft beers in cans. Founded over a decade ago by Manu Gulati, Effingut has grown from a small brewpub in KP, Pune, to a national presence with 11 outlets, including 4 brewpubs, 2 bistros, and 5 E2Go locations…
• Dearie to Expand with 5 New Outlets by 2027, Aims for 60 Pc Revenue Growth
  24 July 2024, indianretailer.com
  Dearie, a renowned restaurant, bar, and brewery with a European ambiance and carefully crafted beers, has announced ambitious expansion plans. By 2027, Dearie aims to open five new outlets across the region, enhancing the craft beer experience for a wider audience…
• Lucky Chan Expands to Brookfield Ecoworld, Bellandur with New Outlet
  24 July 2024, indianretailer.com
  Lucky Chan – Dim Sum and Sushi Parlour, a popular Bengaluru destination known for its innovative Asian cuisine, is expanding to Brookfield Ecoworld, Bellandur with the launch of their fourth outlet in Bangalore…
• Costa Coffee Brews Olympic Spirit with Indian Baristas at Paris 2024
  24 July 2024, indianretailer.com
  Costa Coffee is excited to announce its role as the Official Coffee Partner at the Olympic Games Paris 2024, highlighting a significant achievement in promoting coffee culture and elevating the presence of Indian baristas on a global stage…
• 4700BC & Polar Bear Elevate Desserts with Gourmet Popcorn Treats And More
  24 July 2024, indianretailer.com
  4700BC, India’s premium snacking brand, has partnered with Polar Bear Ice Cream Parlour, renowned for its delightful sundaes and seasonal creations, to launch a spectacular new menu. This collaboration unveiled on National Ice Cream Day, features the exquisite 4700BC Himalayan Salt Caramel Popcorn…
• The Laughing Cow Brings Cheez Dippers to Southeast Asia
  24 July 2024, indianretailer.com
  Leading cheese brand, The Laughing Cow, is set to transform the snacking landscape with the launch of The Laughing Cow Cheez Dippers. This product aims to meet the rising demand for nutritious and convenient snack options in the rapidly growing Southeast Asian snack market, projected to reach $30 billion by 2029…
• Budget 2024: Proposed tax cuts to stimulate FMCG and retail sectors
  24 July 2024, timesofindia.indiatimes.com
  Households may finally have leeway for more discretionary spending. Proposals providing tax relief to the middle class are expected to put more cash in the hands of consumers-and more products in their shopping carts….
• Maharashtra Eases Open Space Requirements For Glass Facade Commercial Buildings
  23 July 2024, rprealtyplus.com
  Accepting real estate advocacy group CREDAI-MCHI’s request that the glass facade provides artificial light and mechanical ventilation, the state govt has decided to relax the quantum of open space requirement for such commercial buildings…
• DLF to Enter New Markets of Goa & Mumbai
  23 July 2024, rprealtyplus.com
  DLF Ltd. has unveiled plans to broaden its housing and commercial property ventures by entering new markets in Mumbai and Goa. This strategic initiative aims to leverage the increasing demand for luxury homes and commercial spaces in these areas, as noted in the company’s annual report…
• Bhutani Group picks up majority stake in WTC Noida in revenue-sharing deal
  23 July 2024, retail.economictimes.indiatimes.com
  Five of these WTCs, located in Noida, Chandigarh, Gurugram, and Gift City are at various stages of construction and will require at least ₹3,000 crore to complete…
• Foodstories by Biyani sisters to open 5 outlets by this fiscal end
  23 July 2024, retail.economictimes.indiatimes.com
  It offers 6,500 SKUs from around 380 brands from 28 countries across the globe…
• Hardik Pandya teams up with FanCode Shop to launch his brand
  23 July 2024, retail.economictimes.indiatimes.com
  Cricketer Hardik Pandya has inked an exclusive licensing pact with FanCode Shop, the online merchandise store of Dream Sports-owned FanCode, to launch his own performance wear range…
• Nothing India’s Manu Sharma joins Dreame Technology as MD for India operations
  23 July 2024, retail.economictimes.indiatimes.com
  Dreame Technology has appointed Manu Sharma as managing director for its India operations. With more than 25 years of experience in the consumer electronics industry, he had previously worked as vice president and general manager at Nothing India and vice president and head of product strategy at Samsung India. Sharma will spearhead strategic initiatives, product strategy, marketing, and team building…
• Swiggy appoints new product head for Instamart among management changes
  23 July 2024, retail.economictimes.indiatimes.com
  Himavant Srikrishna Kurnala has also been made a senior vice president (SVP), was previously the chief product officer for Reliance Retail’s JioMart, and has also worked at Amazon and Microsoft. Among other changes, Mayank Rajvaidya has been appointed vice president (VP) of fruits & vegetables…
• Gem Promotion Council to partner with locals to boost Kashmir sapphires’ market
  23 July 2024, retail.economictimes.indiatimes.com
  Speaking about this first-ever meeting with gem and jewellery trade from Kashmir, Vipul Shah, Chairman, GJEPC said, “We had a very productive discussion with trade members of Kashmir. We are committed to enhancing the prominence of Kashmiri sapphires and empowering local artisans with advanced skills. This initiative aligns with our mission to strengthen the gem and jewellery sector, facilitating growth, international recognition, and boosting exports from the region. We sincerely thank the Kashmiri trade for their engagement and look forward to fruitful collaborations ahead.”..
• Non-alcohol is the only market segment with positive momentum in several markets including India – IWSR
  23 July 2024, retail.economictimes.indiatimes.com
  The non-alcohol market segment is experiencing growth due to an increase in no-alcohol drinkers in key markets like India, China, the UK, and the US. Non-alcoholic beverage categories such as beer, wine, and spirits showed significant volume surges…
• India’s share of electronics exports rose in FY24, driven by Apple, says Economic Survey
  23 July 2024, retail.economictimes.indiatimes.com
  “India’s share in world electronics exports has improved from 0.63% in 2018 to 0.88% in 2022. As such, India’s rose from 28th in 2018 to 24th in 2022 in global electronics exports,” the Economic Survey said…
• ASUS Strengthens Indian Retail Presence with New Pegasus Store Launch in Delhi
  23 July 2024, retail.economictimes.indiatimes.com
  ASUS India, the Taiwanese tech giant, has announced the opening of its latest Pegasus store in Delhi, reinforcing its retail strategy across the nation. Spanning 496 sq. ft., the new store showcases an extensive range of…
• RedTape Unveils New Store at Gurugram
  23 July 2024, indianretailer.com
  RedTape, a footwear and apparel brand, opened its new outlet at Reach3Roads, Gurugram. This store is designed to provide an immersive shopping experience that highlights the brand’s commitment to quality, innovation, and trendsetting designs…
• CUT&STYLE Unveils New Salon in Gurugram
  23 July 2024, indianretailer.com
  CUT&STYLE has launched its newest salon in The Satya Hive, Gurugram. Every detail in the salon has been thoughtfully designed to create a space that marries modern aesthetics with timeless elegance…
• Snitch Opens 14th Store in India, 2nd in Hyderabad
  23 July 2024, indianretailer.com
  Snitch, the men’s fashion brand, has opened its 14th store in India, and second in Hyderabad, at Kukatpally. By opening a store in Kukatpally, Snitch is perfectly positioned to tap into a dynamic market of Southern India, offering the latest trends and unique fashion pieces to a clientele that is always on the lookout for fresh and innovative styles…
• 10 Best Formal Shoe Brands for Men in India 2024
  23 July 2024, indianretailer.com
  Did you know the fact that Oxford shoes are the standard style of shoe to wear with any suit, which are mostly made of leather and sometimes the entire shoe is made of leather including the outers, lining and sole but for more durability at the expense of elegance, many shoes are made with rubber soles…
• Top 10 Luxury Watch Brands in India: How to Make the Right Choice
  23 July 2024, indianretailer.com
  As an Indian retailer, we aim to provide essential information about top luxury watch brands to help retail owners and entrepreneurs stay informed about market trends. The luxury watch industry in India is growing, with consumers increasingly seeking high-quality, prestigious timepieces…
• Mother Dairy Aims for 13 pc Growth with New Product Launches in 2024-25
  23 July 2024, indianretailer.com
  As Mother Dairy enters the 2024-25 fiscal year, it sets its sights on a 13 percent growth, targeting a turnover of Rs17,000 crore. The dairy giant anticipates increased demand for its diverse range of dairy and edible oil products…
• D’Décor Introduces Sansaar- Premium, Eco-Friendly Home Décor in 350 Stores
  23 July 2024, indianretailer.com
  D’Décor, a frontrunner in home décor fabrics, has officially launched its latest brand, Sansaar, marking a significant step in sustainable living. The new product range will be available in 350 stores across 50 cities, including both metro and non-metro areas, aiming to bring mindful home décor solutions to a broader audience…
• Alok Varman Rejoins Pepperfry as Head of Supply Chain
  23 July 2024, indianretailer.com
  Pepperfry, an e-commerce furniture and home decor company, has announced the return of Alok Varman as Head of Supply Chain. Alok will be instrumental in further strengthening Pepperfry’s position as India’s leading furniture and home decor company…
• BIRA 91 Launches 2nd Taproom in Delhi at Pacific Mall, Tagore Garden
  23 July 2024, indianretailer.com
  Following the grand success of five outlets across the country, BIRA 91 has proudly launched its second Taproom in Delhi, located at the bustling Pacific Mall in Tagore Garden, West Delhi…
• abCoffee Opens 50th Outlet; To Add 4 more Outlets Soon
  23 July 2024, indianretailer.com
  abCoffee, the pioneering tech-enabled grab-and-go coffee chain, has reached a significant milestone with the opening of its 50th store within a span of just two years, establishing itself as one of the fastest-growing player in the industry…
• Kombucha Brand Sbooch Launches in India; Join Hands with Suniel Shetty as Partner
  23 July 2024, indianretailer.com
  Can you think of a beverage that’s completely preservative-free, contains no artificial flavours or additives, and still boasts an impressive shelf life? Sbooch, a new-age kombucha brand, has announced its official launch at an event with Suniel Shetty in Mumbai entering the Indian beverage market, aiming to fill this exact gap…
• ASICS Unveils New Collection Designed to Spread Positivity Through Movement
  23 July 2024, indianretailer.com
  ASICS has launched its new Celebration of Sport collection, aimed at spreading positivity and uplifting the global mood through movement. This cross-category capsule collection features running, core performance sports, and SportStyle products, all in a distinct yellow colorway symbolizing optimism and hope. The collection encourages more people to move for both body and mind…
• How Mocemsa Achieved 63 pc Annual Growth with Luxury Fragrances
  23 July 2024, indianretailer.com
  Mocemsa, a name steeped in history and innovation, was born from a vision to redefine the fragrance industry. The name itself is a blend of “Moc,” which represents the Malhotra Oil Co. established in 1916, and “Emsa,” the fragrance unit…
• Oberoi Realty’s Rs. 1,441.95 Cr Consolidated Revenue For Q1FY25
  22 July 2024, rprealtyplus.com
  Oberoi Realty Limited, headquartered in Mumbai, announced its results for the first quarter of FY25. The Company has recorded Consolidated Revenue of Rs. 1,441.95 crore for Q1FY25 as against Rs. 933.56 crore for Q1FY24 and Rs. 1,558.56 crore for Q4FY24…
• Anant Raj Cloud Pvt. Ltd Enters Into Collaboration With Google LLC
  22 July 2024, rprealtyplus.com
  Anant Raj Cloud Pvt. Ltd, a wholly owned subsidiary of New Delhi-based realty developer Anant Raj has entered into an agreement with Google LLC, a global technology leader. Under this collaboration, the company will be responsible for providing data center infrastructure, DC managed services, and cloud platform to various public and private enterprises…
• CapitaLand India Trust acquires Building Q2 at Aurum Q Parc in Navi Mumbai for Rs 6.76 billion
  22 July 2024, realty.economictimes.indiatimes.com
  Additionally, a sum of approximately Rs 0.30 billion (S$ 4.81 million) is expected to be paid as deferred consideration, subject to the achievement of pre-agreed business milestones by Aurum Ventures…
• Land deals drop 57%to 325 acres in Q1 FY25: Anarock
  22 July 2024, realty.economictimes.indiatimes.com
  Real estate consultant Anarock pointed out that the general elections and the heated land prices seem to have dented the appetite for land acquisition for developers and other entities in the second quarter of 2024…
• Pune Property Registrations Increase 60% From Same Time Last Year
  22 July 2024, rprealtyplus.com
  Knight Frank India, in its latest assessment stated that in June 2024 Pune witnessed registration of 14,230 properties, a 60% increase from same time previous year. Stamp duty collections during this period totaled INR 528 crores, reflecting a 90% year-on-year (YoY) rise in June 2024…
• Exclusive | Amazon in deal talks with Swiggy for quick commerce business Instamart: Sources
  22 July 2024, retail.economictimes.indiatimes.com
  Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart…
• Mother Dairy aims Rs 17,000 cr turnover in FY25 on better demand: MD
  22 July 2024, retail.economictimes.indiatimes.com
  Mother Dairy aims for a 13% increase in turnover to Rs 17,000 crore this fiscal year, anticipating strong demand for its dairy and edible oils products. The company, a key milk supplier in Delhi-NCR, also markets ‘Dhara’ branded edible oils nationwide and operates around 400 ‘Safal’ retail outlets in Delhi-NCR for fresh fruits and vegetables…
• V2 Retail aims to increase full-price sales; maintain gross margins
  22 July 2024, retail.economictimes.indiatimes.com
  Akash Agarwal, director of V2 Retail said, “We have increased our full price sales to 88% in last year. The target for this year is 92%. By selling at full price, the ASP increases. However, as we are increasing our volumes simultaneously, the economies of scale kick in. So, the ASP should not be impacted more than 5-10% and we want to maintain that. We are not looking to change our gross margins.”..
• GCPL invests over Rs 1,000 cr on advertising in FY24
  22 July 2024, retail.economictimes.indiatimes.com
  Raymond Consumer Care, which it acquired in April last year from the Singhania family with brands like Park Avenue and KamaSutra, has reduced 550 SKUs to just 100, he said. “On people, we also reduced the number of managers overall by creating larger, richer roles and introducing more modern tools. So, we have actually physically reduced in size despite our growth,” he said…
• Actor Kajal Aggarwal partners with brand licensing company Swag to launch her home and lifestyle brand Kateeka
  22 July 2024, retail.economictimes.indiatimes.com
  Through this brand licensing program, she plans to integrate traditional artistry with modern design sensibilities. She is aiming to offer premium home lifestyle products that resonate with both heritage and modern homeowners…
• Saahil Nayar, Milap Cosmetics’ Chadha brothers launch beauty brand ‘Mila Beaute’
  22 July 2024, retail.economictimes.indiatimes.com
  Ex-Swiss Beauty CEO Saahil Nayar has partnered with Milap Cosmetics’ Sachin and Keshav Chadha to rebrand the company and launch an affordable homegrown makeup brand – Mila Beaute. The trio have invested to set up a 36,000 square feet factory in Manesar which will become operational by the end of October 2024…
• Retailers including Shoppers Stop, Lifestyle and VMart bet on a flurry of wedding days in second half of this fiscal
  22 July 2024, retail.economictimes.indiatimes.com
  “Consumers are back and there are signs of recovery in the July-September quarter. Q3FY25 is expected to be stronger due to the advancement of the festive season and a number of weddings. We are seeing growth at the store level and overall double-digit growth (in July),”Devarajan Iyer, chief executive of department store chain Lifestyle International told ET on Saturday…
• Quick commerce changes the game: Retail Inc joins Q as India shops by the minute
  22 July 2024, retail.economictimes.indiatimes.com
  Indians are buying daily necessities and fast-moving consumer goods more frequently and in larger numbers than a few years ago, with researchers and senior executives attributing this to a growing trend of consumers seeking instant gratification, fuelled by burgeoning quick commerce…
• Navigating the Indian denim wear industry as a global brand
  22 July 2024, retail.economictimes.indiatimes.com
  The seamless integration of denim into contemporary work dynamics, blending professional and casual attire, is particularly noteworthy. Denim’s inherent adaptability and comfort have positioned it as the preferred choice for many navigating the evolving workplace culture. Its evolution from a mere fashion statement to a practical and versatile option mirrors the shifting needs and lifestyles of individuals…
• Future-ready malls: Tech innovations for Indian retail spaces
  22 July 2024, retail.economictimes.indiatimes.com
  At ETRetail ShopFwd Summit 2024, experts from the mall industry discussed the potential of technology in meeting consumer demands and enhancing consumer experiences…
• The new supply of retail spaces: Expansion at the forefront
  22 July 2024, retail.economictimes.indiatimes.com
  The industry experts converged at ETRetail ShopFwd Summit 2024 to discuss what is propelling the growth of retail, and how brands and malls can collaborate together to felicitate this growth further in a compelling panel discussion…
• Reliance Retail registers 10.5 pc EBITDA growth led by increase in footfalls and store expansion
  22 July 2024, retail.economictimes.indiatimes.com
  The company expanded its store network with 331 new store openings taking the total store count to 18,918 with area under operation at 81.3 million sq. ft and recorded footfalls of over 296 million, a growth of 18.9 per cent Y-o-Y…
• Patanjali Foods net profit jumps 3-fold to Rs 262.9crore
  22 July 2024, retail.economictimes.indiatimes.com
  Total income, however, dropped to Rs 7,202.35 crore in the April-June quarter of this fiscal from Rs 7,810.50 crore in the corresponding period of the previous year. In the first quarter of this fiscal, the company’s food and FMCG segment’s revenues remained flat at Rs 1,953.55 crore…
• 78% of Indian consumers plan to buy a watch for themselves next year: Deloitte Report
  22 July 2024, financialexpress.com
  The report highlights that Indian consumers are keen to purchase aspirational products as each year almost 60 per cent of them invest in luxury products including leather goods, eyewear, watches, jewellery, fashion and cosmetics…
• Platform Fee Surge: Why Swiggy and Zomato are charging more and how it affects you
  22 July 2024, retail.economictimes.indiatimes.com
  Swiggy and Zomato have raised their platform fees to Rs 6 per order in Delhi and Bengaluru, marking a 20% increase. This fee hike, which affects all users regardless of membership plans, is anticipated to significantly boost the companies’ revenues. The adjustment has already positively impacted Zomato’s stock price. As these companies seek to balance revenue and cost management, consumers will face higher expenses for food deliveries…
• Domino’s Pizza to open fewer stores in 2024; misses sales estimates
  22 July 2024, retail.economictimes.indiatimes.com
  Domino’s said its target to open more than 925 international outlets for the year would fall short by about 275 after its Australia-based master franchise said earlier this week it was closing low-volume stores in Japan and France…
• ASUS Expands Retail Presence with New Store in Pune
  22 July 2024, indianretailer.com
  As part of its strategy to enhance its retail footprint across India, ASUS India, the Taiwanese tech giant, has announced the opening of an exclusive store in Pune…
• Acer Expands Retail Footprint in India with New Store in Bengaluru
  22 July 2024, indianretailer.com
  Acer, a prominent global technology brand, has announced the grand opening of its new exclusive store at Phoenix Mall of Asia in Bengaluru. This store will provide an immersive environment, showcasing Acer’s latest PCs and Acerpure’s range of consumer appliances and electronics, enhancing its retail presence in India…
• Top 10 Luxury Watch Brands in India: How to Make the Right Choice
  22 July 2024, indianretailer.com
  As an Indian retailer, we aim to provide essential information about top luxury watch brands to help retail owners and entrepreneurs stay informed about market trends…
• How to Start a Clothing Boutique Business? Expert Tips For Success
  22 July 2024, indianretailer.com
  Starting a clothing boutique business in the Indian market space can be profitable. A small space with a specific product line serving a particular clientele is called a boutique…
• Plant-based Foods to Shape the Organic Food Retail Landscape in India
  22 July 2024, indianretailer.com
  Over the past decade, India’s organic food retail landscape has experienced remarkable growth, driven by increasing consumer awareness, health and sustainability concerns, and government support for organic farming practices…
• Personalized Customer Experiences Make It Non-intrusive
  22 July 2024, indianretailer.com
  Marketers and consumers have long recognized the value of personalized experiences. Besides improving customer outcomes, it opens up revenue-generation opportunities for brands…
• Singer India Embarks on a Technological Revolution
  22 July 2024, indianretailer.com
  Singer, the world-renowned brand in the household sewing machine segment, boasts a rich legacy of 170 years in the sewing machine and home appliance industry. In India, Singer has embarked on a new journey that remains anchored in its core business, ethos, values, and principles…
• Top 10 Strongest Beer Brands in India | with Highest ABV%
  22 July 2024, indianretailer.com
  In India, alcohol is preferred in every situation whether you are celebrating or want to end a stressful day. Alcohol which everyone should avoid is driving the Indian market crazy with an estimated value of $ 11.7 billion in 2024…
• Broadway Brings Fresh Approach to Indian Retail Scene
  22 July 2024, indianretailer.com
  Think9, a prominent venture builder, has introduced Broadway, a groundbreaking retail concept aimed at transforming the retail experience in India. Broadway will feature over 100 new-age consumer brands from various sectors, including health and wellness, beauty, personal care, lifestyle, fashion, and food and beverage…
• Shoppers Stop Q1 Results: Reports Net Loss Amid Challenging Conditions
  22 July 2024, indianretailer.com
  Retail chain Shoppers Stop Ltd reported a consolidated net loss of Rs 22.72 crore for the June 2024 quarter, citing subdued consumption due to prolonged heat waves, elections, and inflation as contributing factors…
• HCCB Names Harsh Bhutani as New CFO
  22 July 2024, indianretailer.com
  Hindustan Coca-Cola Beverages (HCCB) has announced the appointment of Harsh Bhutani as its new Chief Financial Officer (CFO). In this crucial role, Bhutani will be responsible for steering HCCB’s financial..
• How BB Matrix is Riding the $62 Billion Supply Chain Software Boom
  22 July 2024, indianretailer.com
  Innovation is not just a necessity — it’s the cornerstone of success. Enter BB Matrix, the all-in-one SaaS-based supply chain platform developed by BigBasket, a TATA Enterprise. Launched amidst a burgeoning global demand..
• Laura Ashley Partners with Bradford License India to Bring British Elegance to India
  22 July 2024, retail.economictimes.indiatimes.com
  Laura Ashley, a British lifestyle brand renowned for its timeless elegance and quintessentially English charm, is set to captivate the Indian market. Known for its iconic floral prints, classic designs, and quality craftsmanship, the brand aims to establish partnerships through licensing across various product categories in India…
• A Comprehensive Guide to Top 5 Jewellery Brands in India
  22 July 2024, indianretailer.com
  India’s jewellery market is huge, worth $78.50 billion in FY21, and makes up about 7% of the country’s GDP. With a love for gold and diamonds deeply rooted in its culture, the market is set to grow even more, especially during festivals and weddings…
• Radico Khaitan Introduces Award-Winning Sangam World Malt Whisky to India
  22 July 2024, indianretailer.com
  Radico Khaitan Limited, one of India’s largest IMFL companies, is set to make waves in the retail and India markets with the introduction of Sangam World Malt Whisky…
• EssilorLuxottica Acquires Supreme for $1.5 Bn
  22 July 2024, indianretailer.com
  EssilorLuxottica, the global eyewear giant, has agreed to acquire US streetwear brand Supreme for $1.5 billion. This strategic move marks the company’s first major expansion beyond eyewear and lenses, aiming to enhance its retail presence in India and globally…
• Plant-based Foods to Shape the Organic Food Retail Landscape in India
  22 July 2024, indianretailer.com
  Over the past decade, India’s organic food retail landscape has experienced remarkable growth, driven by increasing consumer awareness, health and sustainability concerns, and government support for organic farming practices…
• boAt Expands Smart Ring Portfolio with Smart Ring Active
  22 July 2024, indianretailer.com
  boAt, India’s leading, and the world’s second-largest wearables brand, has launched its new health and fitness tracker, the ‘boAt Smart Ring Active’. This innovative product is priced to make advanced health tracking…
• India’s Retail Digital Payments Set to Soar to $7 Trillion by 2030
  22 July 2024, indianretailer.com
  The digital payment landscape in India is set for exponential growth, with retail digital payments expected to double to $7 trillion by 2030 from current levels…
• Tier II Cities Residential Property Launch Prices Surge Up To 94%
  19 July 2024, rprealtyplus.com
  Residential property launches prices across India’s top 10 Tier II cities have witnessed a rise up to 94% in new launch projects in the last five fiscal years ending 2023-24 due to growing consumer confidence, a buoyant job market and robust infrastructure development, according to data analytics firm PropEquity…
• ASK Property Fund Invests Rs 190 Cr In Kalpataru Project
  19 July 2024, rprealtyplus.com
  ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, has announced the successful investment of Rs 190 crore in a project being developed by Kalpataru…
• Alphacorp to invest Rs 350 crore to develop housing project in Gurugram
  19 July 2024, realty.economictimes.indiatimes.com
  On one parcel of 2.38 acre, the company has launched luxury high-rise project ‘Alphacorp SKY1’ comprising 100 units. The price is Rs 5 crore per unit. The project on the second plot will also be launched in the next 2-3 months..
• Former Maharashtra Chief Secretary Manoj Saunik New MahaRERA Chairman
  19 July 2024, rprealtyplus.com
  Former Maharashtra chief secretary Manoj Saunik has been appointed as the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)..
• Shoppers Stop posts Q1 net loss at Rs 22.72 crore
  19 July 2024, retail.economictimes.indiatimes.com
  “The industry witnessed subdued consumption due to prolonged heat waves, elections, fewer weddings and inflation… This has impacted our profits, however, we have a strong recovery plan,” Shoppers Stop Managing Director and CEO Kavindra Mishra said…
• ONDC corners 3% order volumes of Swiggy, Zomato: sources
  19 July 2024, retail.economictimes.indiatimes.com
  As per sources, ONDC facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually who receive 20 lakh orders each. Its total order volumes touched around 4 lakh orders in a day which includes mobility bookings as well…
• Peyush Bansal, other founders infuse Rs 160 cr in Lenskart
  19 July 2024, retail.economictimes.indiatimes.com
  Peyush and Neha Bansal led the round with Rs 70.70 crore and 70.39 crore investment followed by Rs 9.60 crore from Chaudhary and Rs 9.35 crore from Kapahi…
• Xiaomi takes back smartphone crown from Samsung in India
  19 July 2024, retail.economictimes.indiatimes.com
  Xiaomi reclaimed the top spot in India’s smartphone market in June, with Samsung in third behind Vivo. Canalys reports Xiaomi at 18% share with 24% growth; Vivo also at 18%; Samsung down 8%. Realme and Oppo followed. Market shipments increased 1% to 36.4 million units. Xiaomi faces an ED probe; vendors launch devices. Management exits, offline expansion, and financing continue…
• Bigbasket launches supply chain platform BB Matrix
  19 July 2024, retail.economictimes.indiatimes.com
  Highlighting the platform’s wide-ranging applicability and scalability Rakshit Daga, CPTO and head of SaaS business at Bigbasket said, “To cater to the pressing demand for agile, robust, and cost-efficient supply chains, we have made BB Matrix available to enterprises across different sectors that go beyond retail and e-commerce, like manufacturing, automobiles, aviation, consumer goods and more.”…
• ShopFwd Summit 2024: The evolving potential of the ethnic wear category in India
  19 July 2024, retail.economictimes.indiatimes.com
  The category, which once used to be dominated by unorganised players, has seen a lot of organised players entering the arena and even paving the way for more players to enter and up the ante…
• Retail sales in June 2024 show 5% growth compared to last year
  19 July 2024, retail.economictimes.indiatimes.com
  Retail businesses across regions have indicated growth in sales compared to June 2023, with South India showing the highest increase at 7%, followed by North and East India at 5% each, and West India at 4%…
• Radico Khaitan launches Sangam World Malt Whisky in India
  19 July 2024, thehindubusinessline.com
  Radico Khaitan, one of India’s largest Indian-made foreign liquor (IMFL) companies, announced the launch of its Sangam World Malt Whisky in the Indian market a year after it was launched in international markets…
• Unlocking foot traffic: Retailer-centric approaches to boosting shopping visits
  19 July 2024, retail.economictimes.indiatimes.com
  In retail, a lot of research papers have been published highlighting how to manage consumers who have come into the stores. However, this panel delved deeper into how to improve footfall…
• Bajaj Electricals’ MD and CEO Anuj Poddar steps down
  19 July 2024, retail.economictimes.indiatimes.com
  Anuj Poddar, MD & CEO of Bajaj Electricals, resigns effective September 2024, achieving net-debt-free status and brand growth. During the transition period, his responsibilities will be taken over by Shekhar Bajaj, the chairman of the company. Under Poddar, Bajaj signed a Morphy Richards deal and focused on R&D…
• Godrej Consumer aims to cut global manufacturing footprint
  19 July 2024, retail.economictimes.indiatimes.com
  GCPL said its strategic focus on achieving double-digit volume growth in key markets like India and Indonesia is pivotal to driving its aspirations for sustainable growth. Despite challenges such as lower consumption levels in India, it achieved an organic underlying volume growth of approximately 7%, aligning with its target of high single-digit growth in this fiscal year. It also reduced the number of managers overall through creating larger, richer roles, and introducing more modern tools, it said…
• Swiss watchmakers eye opportunities as Indian luxury market soars: Deloitte Report
  19 July 2024, retail.economictimes.indiatimes.com
  India’s luxury watch market, driven by TEPA and Swiss-India Free Trade Agreement, is set to hit $30 billion by 2030. Social media and rising incomes, along with CHF 218.8 million in Swiss exports, boost popularity. Watches are top gift items; brand consciousness and e-commerce drive online shopping, echoing survey results and growth…
• Adidas hikes 2024 earnings guidance after second-quarter beat
  19 July 2024, retail.economictimes.indiatimes.com
  Chief Executive Bjorn Gulden, in the job since the start of 2023, has been driving a turnaround at the company bruised by its break-up with rapper Ye, formerly known as Kanye West, which left Adidas with unsold Yeezy shoes worth 1.2 billion euros. The profit upgrade comes after Adidas said its second-quarter sales rose 9% from a year earlier to 5.82 billion euros…
• Skechers sues LL Bean for copying shoe design
  19 July 2024, retail.economictimes.indiatimes.com
  LL Bean has been sued by footwear maker Skechers USA, which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions. According to a complaint filed late Monday in Manhattan federal court, the world’s third-largest footwear company believes LL Bean’s Freeport casual shoes infringe two patented designs for “heel cups” that surround the back of the foot…
• Raymond’s consumer care sales declined under its new owner Godrej Consumer Products
  19 July 2024, retail.economictimes.indiatimes.com
  Godrej Consumer Products (GCPL) announced an 18% decline in sales for Raymond’s consumer care business, which it acquired last year for Rs2,825 crore. Despite challenges in the market, GCPL remains focused on achieving sustainable growth through strategic initiatives such as reducing SKUs and enhancing manufacturing capabilities…
• NKolte-Patil Marks Resilient Performance In Q1 Fy25
  17 July 2024, rprealtyplus.com
  Kolte-Patil Developers Limited a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter ended 30th June 2024…
• Adani, Wilmar are said to weigh selling $670 million stake in JV
  17 July 2024, retail.economictimes.indiatimes.com
  The owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar, said the people, asking not to be identified as the information is confidential. A sale that size would be valued at roughly $670 million as of Tuesday, and could take place as early as the coming months, the people said…
• MTR Foods owner Orkla India explores IPO, eyes 2025 decision
  17 July 2024, retail.economictimes.indiatimes.com
  “We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025,” Nils Selte, president and CEO at Orkla, told investors. “There are a lot of things to do before we are good to go.”…
• Services business a hard sell for FMCG companies focused on products
  17 July 2024, retail.economictimes.indiatimes.com
  There are several instances of FMCG companies entering service business that didn’t work for them on expected lines. In 2009, Jyothy Labs launched a laundry business through a chain called Fabricspa, with an investment of Rs 40 crore. Over the years, the business grew at a slower pace compared to the rest of the business. It contributed 2% of the total revenue of Jyothy Labs in FY24…
• Tata-owned Infiniti Retail reports Rs 15.89 crore profit in FY24
  17 July 2024, retail.economictimes.indiatimes.com
  Tata group’s Infiniti Retail, which operates Croma stores and sells electronics and smartphones on Tata Neu and Croma’s shopping portals, reported a 25% drop in online sales last fiscal year. The company adjusted its strategy to avoid unprofitable discounting, often used to compete with Amazon and Flipkart…
• HCCB appoints Harsh Bhutani as CFO
  17 July 2024, retail.economictimes.indiatimes.com
  “I am pleased to welcome Mr. Harsh Bhutani as CFO. With his deep financial and business experience, strategic acumen, inspirational leadership, and proven track record of driving strong financial results, his presence will strengthen HCCB’s financial health, steer strategic decision-making, and further bolster stakeholder confidence,” said Juan Pablo Rodriguez, CEO, HCCB…
• Panel Discussion on ThreadTalks India’s Ethnic Fashion and Lifestyle Brands in the Spotlight
  17 July 2024, retail.economictimes.indiatimes.com
  Don’t miss our captivating Panel Discussion on ‘ThreadTalks: India’s Ethnic Fashion and Lifestyle Brands in the Spotlight.’ Discover the trends and innovations driving the industry…
• Navigating Aspirational Wave Insights into India’s Growing Affluence & the Demand for Premiumisation
  17 July 2024, retail.economictimes.indiatimes.com
  Join us for an enlightening fireside chat on ‘Navigating the Aspirational Wave: Insights into India’s Growing Affluence & the Demand for Premiumisation.’ Uncover the trends shaping the future of premium retail…
• Panel Discussion on The New Supply of Retail Space Expansion at the Forefront
  17 July 2024, retail.economictimes.indiatimes.com
  Join us for an insightful Panel Discussion on ‘The New Supply of Retail Space: Expansion at the Forefront.’ Discover how industry leaders are navigating and shaping the future of retail spaces…
• Bata India aims expansion, to prioritise ‘top 6 brands’
  17 July 2024, retail.economictimes.indiatimes.com
  The company’s retail network now spans over 1,850 stores, including over 500 franchise stores, 650 plus sneaker studios, and over 125 Hush Puppies stores. Its distribution network has also expanded to over 1,500 towns, and with technology in-store availability increasing to 72 per cent, the company said…
• Acer Expands Retail Footprint in India with New Store in Bengaluru
  17 July 2024, indianretailer.com
  Acer, a prominent global technology brand, has announced the grand opening of its new exclusive store at Phoenix Mall of Asia in Bengaluru. This store will provide an immersive environment, showcasing Acer’s latest PCs and Acerpure’s range of consumer appliances and electronics, enhancing its retail presence in India…
• Top 10 Scotch Whisky Brands in India 2024 | Alcohol%
  17 July 2024, indianretailer.com
  A scotch can be called a whisky but a whisky cannot be called a scotch. Want to know more about scotch whisky? Did you know that all the scotch whisky must be made in Scotland by law? Here are the top 10 scotch whisky brands in India…
• Dell Unveils AI-Powered XPS 13 and Inspiron 14 Plus Laptops
  17 July 2024, indianretailer.com
  Dell Technologies has introduced its latest Copilot+ AI PCs in India, unveiling the new XPS 13 and Inspiron 14 Plus models. These laptops mark a significant advancement in AI capabilities, powered by Qualcomm Snapdragon processors…
• Pee Safe Strengthens Retail Presence with New VP-Sales Appointment
  17 July 2024, indianretailer.com
  Pee Safe, a leading hygiene brand in India, has appointed Arijit Sen as its new Vice President-Sales to bolster distribution and enhance its retail strategy. Arijit Sen joins Pee Safe with extensive industry experience,…
• Noble Group to Invest Rs 350 Cr in Ghiloth Manufacturing Unit
  17 July 2024, indianretailer.com
  Noble Group, a prominent player in consumer electronics and appliances, is set to invest Rs 350 crore in a new manufacturing facility in Ghiloth. This substantial investment aims to enhance the company’s production capabilities specifically for air coolers and washing machines…
• Shalimar Paints Launches Waterproofing Solutions for Indian Homes
  17 July 2024, indianretailer.com
  Shalimar Paints Ltd, a prominent player in the Indian retail paints market with over 120 years of history, has introduced two new products: Zero Damp Advance and Zero Damp Smart…
• Mango Rakes in Record 1.543 Billion Euro Revenue in First Half of the Year – Up 6.3 pc!
  17 July 2024, indianretailer.com
  In a spectacular display of business acumen, Mango has set a new benchmark with the highest revenue in its 40-year history, raking in over 1.543 billion euros in the first six months of the year. This marks a 6.3 percent increase…
• India’s Social Commerce Market Projected to Reach $25.69 Bn by 2029
  17 July 2024, indianretailer.com
  The social commerce market in India is on the cusp of a significant transformation, poised to experience remarkable growth over the next few years. According to a recent report from ResearchAndMarkets, the industry is expected to grow by 34.1 percent annually, reaching a valuation of $7.20 billion in 2024…
• How Minimalist Achieved Rs 178 Cr GMV with D2C Strategy
  17 July 2024, indianretailer.com
  Minimalist, a rapidly growing direct-to-consumer (D2C) skincare brand, has carved a niche in the beauty and cosmetic industry with its ethos of transparency and clinically proven formulations…
• Frendy Bags Rs 2 Cr Credit to Fuel Expansion in Tier III and Beyond
  17 July 2024, indianretailer.com
  Frendy, a tech-driven grocery chain catering to the daily needs of small towns and villages in India, has raised Rs 2 crore in working capital credit from UC Inclusive Credit (UCIC), an NBFC arm of Unitus Capital. The funds will be utilized to support the central inventory needs for Frendy Marts and Micro Kiranas in Tier III+ towns across Gujarat…
• Ashwin Sheth Multi-Channel Campaign Across India & New York For New Logo
  16 July 2024, rprealtyplus.com
  In celebration of 38 years of heritage, Ashwin Sheth launched the ‘Spot the Orange Dot’ campaign in Mumbai, conceptualized and strategized by one of the leading creative hotshops. Renowned in the luxury real estate sector in India, Ashwin Sheth unveiled its new logo both domestically and at the iconic Times Square in New York…
• HUL to sell water purification business Pureit to AO Smith India
  16 July 2024, retail.economictimes.indiatimes.com
  “We believe the addition of Pureit will strengthen our leadership position as a global supplier of premium water treatment products and double our market penetration in South Asia”, AO Smith Chairman and CEO Kevin J Wheeler said…
• States may allow home delivery of liquor through quick commerce platforms like Swiggy, BigBasket, and Zomato
  16 July 2024, retail.economictimes.indiatimes.com
  Deliveries were allowed temporarily during the Covid-19 lockdowns in Maharashtra, Jharkhand, Chhattisgarh and Assam with restrictions. However, now legitimate deliveries of alcobev are not allowed in these states, even though a few local online platforms continue to deliver, especially in Maharashtra…
• Baggit to re-enter international markets through strategic partnerships, marketplaces
  16 July 2024, retail.economictimes.indiatimes.com
  The brand, which currently boasts of 101 stores across India, plans to open 60 more by this fiscal end. Going ahead, it plans to focus more on tier II and beyond cities…
• Deepinder Goyal becomes India’s newest billionaire after Zomato’s multibagger rally
  16 July 2024, retail.economictimes.indiatimes.com
  Zomato co-founder and CEO Deepinder Goyal owns about 36.95 crore shares in Zomato. The new-age stock zoomed over 4% in Monday’s session, on the back of an increase in platform fee, to a fresh all-time high of Rs 232…
• Wonderchef to invest $10 million in global expansion; targets Rs 1,000 crore brand sales by 2026
  16 July 2024, retail.economictimes.indiatimes.com
  Wonderchef has witnessed a 25 per cent year-on-year (YoY) growth rate in the last fiscal year of 2024, with brand sales reaching Rs 700 crore. It aims to cross the Rs 1000 crore mark in brand sales in 2026 as it plans portfolio expansion in addition to its kitchen robot Chef Magic. It also aims to open 50 exclusive brand outlets (EBOs) across India within the next two years…
• Wakefit wants to become a sleep-tech company; bets on AI-powered solutions
  16 July 2024, retail.economictimes.indiatimes.com
  In conversation with ETRetail, Chaitanya Ramalingegowda, Director and co-founder, Wakefit emphasized the importance of innovation and technology. “The world is moving towards AI and technology, and we wanted to see if we as early adopters, can use these technologies for true improvement,” he said…
• Fireside Chat on Beauty, Brains, and Business Manushi Chhillar’s Journey from Miss World to Retail
  16 July 2024, retail.economictimes.indiatimes.com
  Join us for a Fireside Chat on ‘Beauty, Brains, and Business’ with Manushi Chhillar. Discover her inspiring journey from Miss World to retail entrepreneur!..
• Special Address on Cultivating Commerce MMRDA’s Vision for Retail Real Estate Growth in the Mumbai
  16 July 2024, retail.economictimes.indiatimes.com
  Join us for a Special Address on ‘Cultivating Commerce: MMRDA’s Vision for Retail Real Estate Growth in Mumbai.’ Discover the future of retail real estate in the city! …
• Bata India crosses milestone of 500 franchise outlets for first time
  16 July 2024, thehindubusinessline.com
  The footwear retailer has presence in over 1,860 retail stores pan-India, including franchisees Footwear major Bata India, which has been witnessing increasing interest for opening of its franchise stores, has crossed the milestone of 500 franchise outlets for the first time…
• Being an entrepreneur teaches you patience: Nupur Sanon, actress and founder, Label NoBo
  16 July 2024, retail.economictimes.indiatimes.com
  Label NoBo stands for no boundaries. The first thing that the actress thought of when she started building a brand was to have strong brand name, brand concept, and brand story…
• Premiumisation in India’s consumption continues unabated in first half of 2024
  16 July 2024, retail.economictimes.indiatimes.com
  In 2024, premium consumption sees growth despite slower car and smartphone sales. SUVs and Rs 10 lakh vehicle sales rose 13%, with Maruti Suzuki up 20%. SUVs formed 63% of sales (Society of Indian Automobile Manufacturers). Premium smartphones (Rs 30,000+) and large TVs (50-inch plus) grew, driven by Xiaomi, Motorola, and Google (Counterpoint Research). Amazon India’s 5G sales hit 81%, driven by no-cost EMIs. Premium FMCG categories, driven by younger consumers, also grew, with washing liquids seeing a 50% volume rise…
• New Retail Liquor Store Opens at Delhi Airport’s Terminal-3
  16 July 2024, indianretailer.com
  The Delhi government’s excise department has granted a licence to the Delhi Consumer’s Cooperative Wholesale Store Ltd to open a retail liquor store in the arrival area of Terminal-3 at Indira Gandhi International (IGI) Airport…
• DECATHLON Unveils DECATHLON PULSE to Spearhead Long-Term Growth in Retail Sports Sector
  16 July 2024, indianretailer.com
  DECATHLON has unveiled DECATHLON PULSE, a wholly-owned subsidiary aimed at catalyzing new avenues for sustained growth. This strategic move underscores DECATHLON’s commitment to expanding its footprint and enhancing its impact on society through innovative sports and wellness solutions…
• Fixderma Expands Offline Presence with New Store in Gurugram
  16 July 2024, indianretailer.com
  Fixderma, a well-known dermaceutical brand in India, has announced the opening of its first exclusive store in Galleria Market, Gurugram. This expansion into physical retail aims to enhance the brand’s connection with consumers while providing a comprehensive range of skincare solutions…
• Mango Rakes in Record 1.543 Billion Euro Revenue in First Half of the Year – Up 6.3 pc!
  16 July 2024, indianretailer.com
  In a spectacular display of business acumen, Mango has set a new benchmark with the highest revenue in its 40-year history, raking in over 1.543 billion euros in the first six months of the year. This marks a 6.3 percent increase..
• A.O. Smith Acquires Pureit from Unilever, Expands Reach in Indian Retail Market
  16 July 2024, indianretailer.com
  Global water technology company A.O. Smith Corporation has announced the acquisition of Pureit from Unilever. Pureit, known for its range of residential water purification solutions, primarily operates in India…
• Xiaomi India Sees 77 Pc Profit Decline to Rs 239 Cr, Revenue Falls to Rs 26,697 Cr in FY23
  16 July 2024, indianretailer.com
  Chinese smart device manufacturer Xiaomi Technology has reported a substantial 77 percent year-on-year decline in its profit within the Indian market, plunging to Rs 238.63 crore for the fiscal year 2022-23, according to disclosures made in a regulatory filing…
• Titan Celestor Elevates Fitness Wearables
  16 July 2024, indianretailer.com
  Titan Smart Wearables is set to transform the retail landscape in India with the launch of its new Titan Celestor smartwatch. Aimed at fitness enthusiasts, the Celestor combines advanced technology with Titan’s legacy of excellence, offering precision and style for those seeking to enhance their fitness journey…
• D-Mart Q1 Profit Up 17.5 Pc to Rs 774 Cr; Sales Soar 18.5 Pc to Rs 14,069.14 Cr
  16 July 2024, indianretailer.com
  Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported a significant 17.45 percent increase in consolidated net profit, reaching Rs 773.68 crore for the June quarter. This growth was largely driven by improvements in sales from general merchandise and apparel segments…
• Macrotech Developers reports 20% growth in sales bookings in Q1 FY25
  15 July 2024, realty.economictimes.indiatimes.com
  As per its latest operational update posted on stock exchanges, the collection from customers rose 12 per cent to Rs 2,690 crore in April-June FY25 from Rs 2,400 crore in the corresponding period of the previous year…
• Institutional investors infuse $637.9 million in Indian real estate in Q1 FY25
  15 July 2024, realty.economictimes.indiatimes.com
  As per the data, institutional investments in the Indian real estate rose 96 per cent in April-June to USD 3.1 billion from USD 1.6 billion in the corresponding period of the previous year…
• At zero dark 100, Flipkart to fire up quick commerce in festive season
  15 July 2024, retail.economictimes.indiatimes.com
  Flipkart is set to open 100 dark stores before the Big Billion Days sale, entering the quick commerce arena. Competition with Zepto, Blinkit, and Swiggy Instamart intensifies during the festive season. Quick commerce growth expected to drive demand with focus on fast deliveries and expanded product offerings…
• DMart’s net profit rises 17.5% to Rs 774 crore in Q1 FY25; apparel and general merchandise shows growth
  15 July 2024, retail.economictimes.indiatimes.com
  Neville Noronha, CEO and Managing Director, DMart said, “Our revenue for Q1 FY 2025 grew by 18.4 per cent. The contribution from general merchandise and apparel continued to improve during the quarter and this is reflected in the gross margin uptick in Q1 FY25 as compared to Q1 FY24.” During the quarter, DMart has opened 6 new stores and the total count stands at 371 as of June 30, 2024…
• Expects consumption uptick in FY25; power brands to drive growth: Dabur Chairman
  15 July 2024, retail.economictimes.indiatimes.com
  “There has also been the emergence of Quick Commerce as a robust channel, which has seen exponential growth. We foresee Q-Commerce to become more significant going forward and are putting in place strategies to capture the opportunities thrown up by this channel,” said Dabur India CEO Mohit Malhotra…
• 1 in every 3 food joints will be QSR by 2028: Report
  15 July 2024, retail.economictimes.indiatimes.com
  The overall QSR market is expected to witness a CAGR of 19% reaching a market size of USD 15.1 billion in 2028, the report said…
• Salad Days adding more cloud kitchens; aims to double its revenue in FY25
  15 July 2024, retail.economictimes.indiatimes.com
  For FY25, Salad Days has planned to penetrate the existing three cities by opening new kitchens and increasing customer retention while experimenting with new sales channels and business lines. It reported a revenue of Rs 35 crore in the previous fiscal that ended March 2024, more than doubling its revenue of Rs 15.8 crore in FY23. This fiscal, it is targeting to double its FY24 revenue and grow 100 per cent…
• After world domination, a smooth shift: Long single, rare malt finds love back home
  15 July 2024, retail.economictimes.indiatimes.com
  Indian single malts like The Godawan 100 and Rampur Signature Reserve are gaining popularity domestically and internationally among affluent buyers…
• Hyderabad emerges as luxury market to watch with surge in rich list
  15 July 2024, retail.economictimes.indiatimes.com
  Hyderabad, now a luxury hub, has 87 names on the 2023 Hurun Rich list, attracting brands like Sabyasachi Mukherjee and Rahul Mishra. Radisson Collection and Hansgrohe India expand here. Q1 2024 saw a 28% upscale growth. Fashion sales rise, notes Malvika Poddar. Banjara Hills welcomes VRK by Khanna Jewellers. Anas Rahman Junaid and Nikhil Sharma highlight the market’s potential…
• FMCG billionaire brand club swells in FY24
  15 July 2024, financialexpress.com
  More brands from organised players in the domestic fast-moving consumer goods (FMCG) space are joining the billionaire club each year, as the shift towards consumption of branded products gains traction…
• Indian AC industry likely to double in next 4 years: Blue Star
  15 July 2024, retail.economictimes.indiatimes.com
  Blue Star forecasts a significant growth in the air-conditioning industry in the next four years, driven by factors such as low penetration of room ACs and increasing middle-class consumers with high disposable incomes. The company’s strategic plans aim to capitalize on emerging opportunities…
• Nothing Before Coffee Hits 64 Stores Milestone, Targets 100 Cr Revenue by 2025
  15 July 2024, indianretailer.com
  India’s fastest-growing coffee chain, Nothing Before Coffee (NBC), has announced the opening of its 64th store in Pune. NBC now boasts 64 outlets nationwide, having added over 17 new locations in the second quarter alone, providing high-quality, flavorful brewed coffee and beverages at affordable prices to a broader audience…
• How to Start a Shoe Business in 14 Steps: A Hands-On Guide
  15 July 2024, indianretailer.com
  Everyone has shoes in their wardrobe, and people like buying good shoes. Therefore starting a shoe business can be an exciting and rewarding venture, but there is always a right strategy to kick start, the perfect push, isn’t it?…
• Jimmy’s Cocktails Profitable in FY’24, Expands into Energy Drinks
  15 July 2024, indianretailer.com
  Jimmy’s Cocktails, a prominent name in the cocktails and mixers category in India, achieved profitability in FY’24. As part of its strategy to build a premium beverage portfolio, the company is now focusing on the fast-growing energy drinks segment with its brand Hustle…
• Chef Kartik to Lead Azure Hospitality’s Culinary Operations
  15 July 2024, indianretailer.com
  Azure Hospitality has appointed Chef Kartik as the new Regional Chef. With a wealth of experience and a distinguished career, Chef Kartik is expected to enhance the culinary offerings across Azure Hospitality’s various establishments…
• “Young Crowd, Single Living & Socio-cultural Acceptance to Fuel Growth in Alcohol Segment”
  15 July 2024, indianretailer.com
  World of Brands is a disruptive technology-first company with solutions in consumer-tech and fin-tech, which also owns, partners, and acquires relevant alcobev brands, across trending consumer taste segments…
• Clovia x Garfield Join Forces to Launch New Latest Sleepwear Collection
  15 July 2024, indianretailer.com
  Clovia has announced the launch of its fresh collection on its Facebook platform, introducing a delightful range of nightwear featuring the beloved Garfield character…
• New DIY Water Purifiers by Acer Simplify Filter Changes for Indian Consumers
  15 July 2024, indianretailer.com
  After successfully introducing Acerpure India, Acer has now entered India’s water purifier market with the launch of the Acerpure Amrit series. This new lineup features three models – Acerpure Amrit RO, Amrit Elite – RO+UV, and Amrit Supreme – RO + UV + Alkaline – each tailored to meet diverse consumer needs and showcasing…
• Consortium Gifts X Shantnu-Nikhil Unveils Premium Corporate Gifts
  15 July 2024, indianretailer.com
  Consortium Gifts, a prominent corporate gifting company in Asia has introduced an exclusive premium range of corporate gifts designed by the illustrious Shantnu-Nikhil…
• Lakmē X Nykaa Collaborate to Launch Two New Products in Skin Stylist Range
  15 July 2024, indianretailer.com
  House of Lakmē, India’s pioneering skincare and makeup brand, in partnership with Nykaa, India’s leading beauty and lifestyle destination, has launched two exciting new additions to their Skin Stylist collection: the Lakmē Lumi Lit Shimmer Lotion and the Lakmē CC Tinted Serum…
• Why Food and Groceries Sector Emerging as the New Focus in Retail Investment
  15 July 2024, indianretailer.com
  The clink of a full pocket after salary day may have got you thinking about how much you have to spend on groceries and food. Are all those food delivery app orders stacking up? You’re not alone. As incomes rise, spending…
• Purvankara Added 3.25 Million Sq ft Land Bank This Quarter
  13 July 2024, rprealtyplus.com
  In its latest business updates Purvankara Limited revealed it has added land bank 3.25 msft in this quarter. Acquisition of a 12.77-acre land parcel at Ghodbunder Road in Thane, MMR with a total potential carpet..
• Sunteck Realty’s sales bookings up by 29.7% in Q1 FY25
  13 July 2024, realty.economictimes.indiatimes.com
  “We had pre-sales of ~Rs 502 crores in Q1 FY25, up 29.7% on year-on-year basis,” Sunteck Realty said in a regulatory filing…
• Brookfield Announces Equity Investment In Leap Green Energy
  13 July 2024, rprealtyplus.com
  Brookfield announced an equity investment in Leap Green Energy (“Leap Green” or “Company”), a renewables platform based in Tamil Nadu and focused on providing clean energy solutions to commercial and industrial (“C&I”) customers…
• India’s retail inflation accelerates to 5.1% in June as food inflation nearly doubles YoY
  13 July 2024, retail.economictimes.indiatimes.com
  In June, India’s retail inflation rose to 5.08% annually from a 12-month low of 4.75% in the previous month, according to government data. Factors contributing to the increase include heatwaves, below-normal monsoon rains, and higher prices for fruits and vegetables. Food inflation specifically rose to 9.55% in June, with items like tomatoes, onions, and potatoes experiencing significant price hikes due to weather-related disruptions in agricultural production…
• Oppo expects to maintain double-digit growth in Reno series sales
  13 July 2024, retail.economictimes.indiatimes.com
  While speaking on the sidelines of Reno 12 series smartphones, Oppo head of product strategy Peter Dohyung Lee said the company is working to make AI features available in entry-level smartphones…
• Zepto promotes Devendra Meel to chief business officer
  13 July 2024, retail.economictimes.indiatimes.com
  Zepto has announced the elevation of Devendra Meel to the chief business officer, effective July 2024. Meel will spearhead category management and foster brand partnerships, ensuring optimal assortment, pricing, availability, and growth of all core categories on the platform…
• Retail space demand rises by 15% in shopping malls in Q1 FY25: Report
  13 July 2024, retail.economictimes.indiatimes.com
  As per the data, the leasing activities in shopping malls rose to 6,12,396 square feet during April-June 2024 from 5,33,078 square feet in the year-ago period…
• Panel Discussion: Retail’s New Playbook Navigating Uncertainty in a Volatile Global Market
  13 July 2024, retail.economictimes.indiatimes.com
  Unlock the secrets to thriving in a volatile global market at our Panel Discussion: ‘Retail’s New Playbook – Navigating Uncertainty.’ Don’t miss the insights!..
• Panel Discussion on Glocal Vogue Highlighting Global Trends Reshaping How India Shops
  13 July 2024, retail.economictimes.indiatimes.com
  Join our Panel Discussion on Glocal Vogue: Highlighting Global Trends Reshaping How India Shops. Discover the latest insights and innovations…
• Shoppers Stop’s Intune enters Delhi NCR market through Elan Miracle Mall
  13 July 2024, retail.economictimes.indiatimes.com
  Intune currently is competing with the likes of similar value formats such as Trent’s Zudio and Landmark’s Max Fashion. ​​Earlier, Shoppers Stop shared that it is planning to open 60 Intune stores in this fiscal year 2025 backed by strategic investments in merchandising, store operations, and customer analytics capabilities.​..
• Uniqlo operator lifts annual net profit forecast
  13 July 2024, retail.economictimes.indiatimes.com
  The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320 billion yen…
• PepsiCo global chief Ramon Laguarta sees ‘massive opportunity’ in India
  13 July 2024, retail.economictimes.indiatimes.com
  “The opportunity is massive. We are investing in the brands, making sure that we build the scale to capture what is going to be a high demand market for many, many years,” PepsiCo chairman Ramon Laguarta said…
• DMart Q1 Preview: Increasing footfalls, store count to drive 21% jump in profit
  13 July 2024, moneycontrol.com
  Rakesh Damani-led Avenue Supermarts (DMart) is set to present its earnings report for the first fiscal quarter of FY25 on July 13. High productivity and additions in footprints are likely to drive the retail major’s sales in the high-teens…
• Panel Discussion on Power of Personalization Enhancing Customer Experiences in Retail Through Data
  13 July 2024, retail.economictimes.indiatimes.com
  Dive into the ‘Power of Personalization: Enhancing Customer Experiences in Retail Through Data’ panel discussion. Discover how data-driven insights are transforming retail!..
• ETtech Deals Digest: Startup funding slips 22.5% to $70 million in July second week YoY
  13 July 2024, retail.economictimes.indiatimes.com
  Startups in Bengaluru raised $70 million in the second week of July, a 22.5% decrease from last year. Funds were raised mostly at the seed and early stages, through 14 rounds, compared to 31 in the same period last year…
• Panel Discussion on Building a Sustainable Era How Retailers and Shopping Centres Lead the Way
  13 July 2024, retail.economictimes.indiatimes.com
  Watch the inspiring session video on ‘Building a Sustainable Era: How Retailers and Shopping Centres Lead the Way.’ Dive into the future of sustainable retail…
• Shoppers Stop plans large-format standalone outlets, will also house Aditya Birla Group’s The Collective
  13 July 2024, retail.economictimes.indiatimes.com
  Shoppers Stop declined to comment. Since its inception over three decades ago, Shoppers Stop has been mostly selling merchandise for the masstige or bridge-to-luxury segment. The decision to foray into luxury retailing comes amid a spike in the number of wealthy people in the country. “For us, premiumisation is not just selling luxury products…but (if) a person who used to buy from the roadside has now started buying from the mall, (that) is also a premiumisation,” Kavindra Mishra, managing director and CEO of Shoppers Stop, had told ET last month…
• India’s GeM platform to become world’s largest this fiscal; procurement through crosses Rs 1.24 lakh cr in Q1
  13 July 2024, retail.economictimes.indiatimes.com
  “GeM has clocked a gross merchandise value of Rs 1,24,761 lakh crore at the end of first quarter, representing a quarter-on-quarter growth of 136 per cent over last year’s Rs 52,670 crore,” GeM CEO Prashant Kumar Singh told reporters here…
• At FMCG box office, rural to script summer blockbuster
  13 July 2024, retail.economictimes.indiatimes.com
  This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment…
• PepsiCo quarterly revenue misses on slowing demand for snacks, sodas
  13 July 2024, retail.economictimes.indiatimes.com
  Analysts have said that product prices, which are starting to normalize almost after two years of multiple hikes, are still higher than the pre-pandemic levels, giving packaged-food companies such as PepsiCo little room to raise prices as volumes shrink…
• Top 10 Air Cooler Brands in India 2024: Ultimate Cooling Choices
  13 July 2024, indianretailer.com
  Feeling the heatwave taking over your life? Don’t sweat it! With scorching temperatures and rising electricity bills, staying cool is more important than ever. Luckily, brands like Blue Star, Crompton, Voltas, and Bajaj, known for being some of the best air cooler brands in India, have you covered…
• Difference between Supermarket and Hypermarket
  13 July 2024, indianretailer.com
  The ones responsible for the high amounts of market value in India and rapid growth among all others are Supermarkets and Hypermarkets. It’s expected that in 2026 the retail market value of India will reach $1.7 trillion, with super and hypermarkets being important drivers of it…
• India’s FMCG Market to Grow from $121.8 Bn in 2023 to $615.87 Bn by 2027
  13 July 2024, indianretailer.com
  The fast-moving consumer goods (FMCG) sector in India is witnessing significant growth driven by consumer demand and price hikes, particularly for essential items. As of 2023, the FMCG market has reached a valuation of $121.8 billion…
• Fonebox Retail Plans Expansion with 25 New Stores in Maharashtra
  13 July 2024, indianretailer.com
  Fonebox Retail Ltd., a prominent Gujarat-based retailer specializing in mobile devices and consumer durables, is venturing into Maharashtra with ambitious plans to open more than 25 retail outlets across the state…
• After Rs 500 Crore ARR in 4.5 years, The Sleep Company Targets 200 Stores in 12 Months!
  13 July 2024, indianretailer.com
  Revolutionizing the traditional mattress industry, TSC leads on the front foot with 100 company-owned-company-led stores. Remarkably, it’s India’s fastest D2C brand to reach this milestone within two years of launching its first store in Bengaluru in June 2022…
• Crocs and Apparel Group Form Strategic Partnership in India
  13 July 2024, indianretailer.com
  Retail conglomerate Apparel Group has announced a collaboration with the renowned footwear brand Crocs, making Apparel Group the Exclusive Retail Licensee for Crocs’ footwear in the northern and eastern regions of India…
• Dabur NewU Expands with 4 New Stores, Aims to Double Store Count
  13 July 2024, indianretailer.com
  NewU, a prominent beauty and personal care brand, has unveiled the opening of four new stores across India, highlighting a significant step forward in its ambitious growth strategy…
• Difference between Retail and Visual Merchandising: Grow Your Business Idea
  13 July 2024, indianretailer.com
  Have you ever wondered what attracts us when we visit a store? Is it the decorative mannequins or the styling or the aesthetic setting; or the kind of products that are available?..
• How Orange Tree Became a Leader in India’s Furniture Market with State-of-the-Art Manufacturing
  13 July 2024, indianretailer.com
  India’s furniture market is booming, and is mostly controlled by the unorganized sector. The local carpenters can copy designs at a fraction of the cost. In this labyrinth, there are a few home-grown furniture and décor brands..
• Looks Privè Opens 8th Outlet at Pacific Mall, Delhi
  13 July 2024, indianretailer.com
  Looks Privè has announced the launch of its eight outlet in the vibrant city of New Delhi, situated in the Pacific Mall, Tagore Garden. This latest addition signifies a significant milestone for the brand, reinforcing its role as a leader in the beauty and wellness sector…
• FMCG Player Bikano Introduces ‘Bombay Mixture’
  13 July 2024, indianretailer.com
  Bikano, a key player in India’s traditional snacks sector, has unveiled its latest offering, the Bombay Mixture. This new flavor aims to satisfy the varied and evolving taste preferences of snack enthusiasts nationwide and beyond…
• Versuni Names Erik Van den Enden as Chief Financial Officer
  13 July 2024, indianretailer.com
  Versuni, a leading home appliance company formerly known as Philips Domestic Appliances, has announced the appointment of Erik Van den Enden as Chief Financial Officer, effective September 1, 2024…
• Myntra Partners with Twid to Offer Reward Point Payments
  13 July 2024, retail.economictimes.indiatimes.com
  Fashion and lifestyle e-commerce platform Myntra has announced a partnership with rewards-based payment network Twid. The company stated that this collaboration allows Myntra’s customers to use their reward points for…
• Indian E-commerce Market to Reach $163 Bn by 2026, Poised for Global Second Place by 2034
  13 July 2024, indianretailer.com
  The Indian e-commerce industry has experienced unprecedented growth, establishing itself as a key player in the global market. With a rapidly expanding internet user base and increasing smartphone penetration, the industry is projected to reach remarkable milestones in the coming years…
• Orgatre Introduces Enhanced Hair Growth Oil for Men and Women
  13 July 2024, indianretailer.com
  Orgatre has reintroduced its advanced hair care product for both men and women – a revitalized hair growth oil enriched with the innovative Vitamils blend…
• Colorbar Unveils AI-Powered Website 2.0
  13 July 2024, indianretailer.com
  Colorbar Cosmetics, one of India’s leading beauty brands, has launched its upgraded website, integrating advanced AI and AR technologies to offer a unique retail experience in India…
• The Face Shop Launches Revolutionary Vitamin Lip Sleeping Mask
  13 July 2024, indianretailer.com
  The Face Shop, leading the charge in India’s K-Beauty scene, has introduced a groundbreaking addition to its skincare lineup: The Vitamin Lip Sleeping Mask. This innovative product promises to revolutionize lip care with…
• How Monin Became a Retail & HoReCa Sensation with Double-Digit Growth in India
  13 July 2024, irecwire.com
  In a market teeming with flavors and fierce competition, Monin, the century-old French syrup giant, has emerged as a sensation in India…
• “We as Indian Society should Learn Sustainability from our Home,” Atul Kochhar
  13 July 2024, irecwire.com
  Whenever I come back to India my heart is filled with joy and happiness to see how the hospitality industry is growing and progressing…
• Novotel Kolkata Introduces Eco-Conscious Green Plate Brunch
  13 July 2024, indianretailer.com
  Novotel Kolkata Hotel and Residences is pleased to announce The Green Plate Brunch at The Square, scheduled for the 7th, 14th, and 21st of July 2024. This innovative dining event focuses on eco-consciousness and..
• Ashwin Sheth Unveils New Logo And Growth Vision
  10 July 2024, rprealtyplus.com
  Ashwin Sheth Group, a renowned name in the luxury real estate market in the MMR region, proudly announces its rebranding initiative to celebrate its remarkable 38 years of legacy, culminating in a 3x growth and planned entry into other key metros…
• Mall Vacancy Rates Decline In Q2 2024
  10 July 2024, rprealtyplus.com
  Cushman & Wakefield report highlights the continued dominance of main street retail leasing, owing to limited new mall openings and a strong demand for high-quality retail spaces…
• Price cuts fail to speed up FMCG sales as urban India takes it slow
  10 July 2024, retail.economictimes.indiatimes.com
  FMCG sales growth has slowed down in both urban and rural areas despite price cuts. Factors such as heat waves, election-related restrictions, and reduced cash-buying have impacted demand. Analysts foresee a potential rural-led recovery in the second half of FY25, with expectations of muted value growth and potential volume growth for staple companies…
• Food deals on investor menu as VCs hunger for F&B companies
  10 July 2024, retail.economictimes.indiatimes.com
  Coffee, burgers, dosas and other brands scoop up new capital. Venture funds are investing in brands like FirstCoffee, AbCoffee, Café Amudham, Curefoods’ Eatfit, Cakezone, aided by Sujeet Kumar, Binny Bansal. Curefoods seeks Rs 100 crore expansion…
• Stalwarts from e-comm and D2C industry to converge at the 4th edition of E-commerce and Digital Natives Summit 2024 on Sept 4-5
  10 July 2024, retail.economictimes.indiatimes.com
  The E-commerce and Digital Natives Summit 2024 boasts of more than 20 knowledge-sharing sessions, 150+ speakers and 40+ exhibitors…
• Food services sector may grow at 8% CAGR in 2024-28: NRAI report
  10 July 2024, retail.economictimes.indiatimes.com
  The food services sector in India is set to grow at a CAGR of 8.1% from 2024-2028, reaching Rs 7.8 lakh crore by FY28. According to the report, rising incomes, urbanisation and changing lifestyles are significantly increasing the frequency of dining out…
• Dabur NewU adds 4 new stores, plans to double store count
  10 July 2024, retail.economictimes.indiatimes.com
  The company which targets millennials and Gen-Z consumers, currently runs 115 outlets in more than 50 cities…
• Rethinking retail strategies for the omnichannel era | Kinchit Shah, Ekart
  10 July 2024, retail.economictimes.indiatimes.com
  Kinchit Shah, Senior Director, Ekart shares his insights for online and offline purchases. The strategies that should be implemented for omnichannel retailers…
• Designer Gaurav Gupta takes on fashion fakes
  10 July 2024, retail.economictimes.indiatimes.com
  Fashion designer Gaurav Gupta is combatting counterfeit luxury products in India, filing nine lawsuits in the Delhi High Court. Gupta, whose designs are worn by stars like Beyonce and Cardi B, seeks ₹2 crore in damages from each counterfeiter and aims to secure restraining orders…
• Kellogg’s gives Chocos a multi-grain revamp in India
  10 July 2024, thehindubusinessline.com
  Kellanova India has decided to relaunch its leading breakfast cereal product Kellogg’s Chocos as Multigrain Chocos. This is in line with the packaged food major’s strategy to grow the household penetration of its breakfast cereals portfolio in the country…
• Gopal’s Sweets to invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone
  10 July 2024, retail.economictimes.indiatimes.com
  Gopal’s Sweets is investing Rs 150 crore to establish a manufacturing unit in the Mohali Industrial Economic Zone (MIEZ). Spread over 150 acres, MIEZ plans to expand to 500 acres, offering strategic connectivity. The unit will process Punjab’s farm products, enhancing local agricultural operations…
• MINISO Reopens Enhanced Store at DLF Mall of India
  10 July 2024, indianretailer.com
  MINISO, a global lifestyle brand, has reopened its upgraded store at the DLF Mall of India. This event marks a significant moment as it introduces MINISO’s first pink-themed store in India…
• EMotorad Expands Physical Presence with Opening of 12th Exclusive Store in Nagpur
  10 July 2024, indianretailer.com
  EMotorad, India’s foremost electric cycle company, has celebrated the grand opening of its latest flagship store in Nagpur, marking a significant step in its offline expansion strategy to enhance customer engagement…
• Wooden Street Opens 98th Furniture Store at Marina Mall, Chennai
  10 July 2024, indianretailer.com
  Wooden Street, a leading name in India’s retail furniture industry, has announced the opening of its 98th store in the prominent Marina Mall in Chennai…
• 10 Best Brandy Brands in India 2024
  10 July 2024, indianretailer.com
  Brandy is becoming Trendy in the Indian market. Brandy is a liquor based on the wine distillation process. Having a PV of 35-60%, 70-120 US proof, brandy is often served as a digestive…
• Shopsy Celebrates Three Years with 330 Mn App Downloads
  10 July 2024, indianretailer.com
  Shopsy, India’s rapidly growing hyper-value platform, commemorates its third anniversary with an impressive milestone of surpassing 330 million app downloads nationwide…
• Top 10 Smart TV Brands in India | Price, Features and More
  10 July 2024, indianretailer.com
  Do you wish to binge-watch your favorite series or movies sitting on a couch on a big screen? With just a few presses on a remote, play anything you want on a smart TV…
• Top 10 Smart TV Brands in India | Price, Features and More
  10 July 2024, indianretailer.com
  Do you wish to binge-watch your favorite series or movies sitting on a couch on a big screen? With just a few presses on a remote, play anything you want on a smart TV…
• ONDC Reports 10 Mn Monthly Transactions in June
  10 July 2024, indianretailer.com
  According to the latest Equirus Securities India Equity Research BFSI sector report released on July 7, the Open Network for Digital Commerce (ONDC), backed by the government, achieved a significant milestone in June 2024 by processing 10 million monthly transactions…
• Xiaomi Targets 700 Mn Shipments in India Over Next Decade
  10 July 2024, indianretailer.com
  Chinese smartphone giant Xiaomi has set ambitious targets for its operations in India, aiming to double its device shipments to 700 million over the next decade…
• Signature Global Pre-Sales Grow 255% In Q1-FY25
  09 July 2024, rprealtyplus.com
  Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved pre-sales of INR 31.2 billion in Q1 FY25 with year-on-year growth of 255%…
• Fitch Assigns CapitaLand India Trust ‘BBB-‘ Rating
  09 July 2024, rprealtyplus.com
  Fitch Ratings has assigned Singapore-listed CapitaLand India Trust (CLINT) a first-time Long-Term Issuer Default Rating (IDR) of ‘BBB-‘. The Outlook is Stable…
• Ajmera Realty & Infra’s sales bookings up 36% to Rs 306 crore in Q1 FY25
  09 July 2024, realty.economictimes.indiatimes.com
  In a statement, Dhaval Ajmera, Director at Ajmera Realty & Infra India, said the company achieved robust growth of 36 per cent buoyed by the successful launch of its project ‘Ajmera Vihara’ at Bhandup in Mumbai…
• Reliance Retail’s gearing up to do a Decathlon
  09 July 2024, retail.economictimes.indiatimes.com
  Reliance Retail plans a sports format to rival Decathlon, targeting 8,000-10,000 sq ft spaces with play areas post-Covid. Athleisure demand surged, filling a retailer gap in India. Leading sports brands saw 35-60% sales growth since FY21. Decathlon’s FY23 revenue hit ₹3,955 crore. FDI rules impact Decathlon’s operations. India’s 1.4 billion population drives market growth…
• Singer India to expand distributor network, revamp stores to strengthen its position further
  09 July 2024, retail.economictimes.indiatimes.com
  At present, the company offers more than 100 SKUs in the sewing machine category and more than 190 SKUs in the appliances category…
• Retailers focusing on main streets for new store opening
  09 July 2024, retail.economictimes.indiatimes.com
  According to Cushman & Wakefield, the continued dominance of main street retail leasing is owing to limited new mall openings and a strong demand for high-quality retail spaces…
• Label-playing field welcome in F&B
  09 July 2024, retail.economictimes.indiatimes.com
  Emphasis on labelling sugar, salt, and fat content; critics worry about RDA manipulation. Firms lower harmful ingredients, seeing healthier profits. Declining poverty sees rise in unprocessed food use. Firms align with international norms, use labelling for disease awareness. Strengthening health-profits link, incentivizing self-regulation, GoI reduces intervention as critics seek stricter rules…
• Retailers call out rampant fraud, press no on easy EMIs for phones
  09 July 2024, retail.economictimes.indiatimes.com
  Mobile phone retailers are calling for an end to financing schemes after reporting 10-12% fraudulent purchases. They are advocating for open-box deliveries and biometric verification to prevent misuse. Apple is aware of the issue, but no significant action has been taken yet…
• ONDC monthly transactions hit 10 million in June: Report
  09 July 2024, retail.economictimes.indiatimes.com
  The open network has been adding one million transactions per month over the past two months, exhibiting strong growth…
• Godrej Consumer Products sees double digit volume growth in Q1
  09 July 2024, thehindubusinessline.com
  Fast-Moving Consumer Goods (FMCG) maker Godrej Consumer Products stated that the domestic market remained soft during the quarter with high-single-digit organic volume and mid-single-digit value growth…
• PVR Inox inks strategic partnership with Amazon Pay
  09 July 2024, retail.economictimes.indiatimes.com
  PVR Inox and Amazon Pay have joined forces to enhance payment options for moviegoers in India. Customers can now enjoy secure transactions using Amazon Pay’s solutions including UPI, Amazon Pay Balance, and Amazon Pay Later. The partnership aims to provide a convenient and rewarding experience for cinema enthusiasts…
• RCB’s fours and sixes lift United Spirits’ scorecard in FY24
  09 July 2024, retail.economictimes.indiatimes.com
  United Spirits (USL) saw a significant boost in net profit in 2023-24, with about 16% attributed to its cricket team, Royal Challengers Bangalore (RCB), whose revenue more than doubled. RCB’s revenue surged to Rs 650 crore, with a net profit of Rs 222 crore, largely due to increased central rights income from the BCCI. USL, the largest liquor maker in India, reported sales of Rs 25,724 crore, with a net profit of Rs 1,312 crore…
• Centre working on a scheme for Indian electronics brands
  09 July 2024, retail.economictimes.indiatimes.com
  “It doesn’t matter whether the tape out happens in Taiwan or Korea. It doesn’t matter where it gets manufactured. If the Indian brands are globally recognized, the rest of the (electronics) ecosystem will follow,” Union ministry of electronics and information technology (MeitY) secretary S Krishnan stressed the importance of creating local electronics brands…
• Birla Opus Paints steps up distribution to 300 towns
  09 July 2024, financialexpress.com
  Birla Opus, the latest entrant in the Rs 70,000-crore domestic decorative paints market, has increased its distribution within six months of launch, covering over 300 towns with a population in excess of 100,000, industry sources have told FE…
• Wooden Street Opens 98th Furniture Store at Marina Mall, Chennai
  09 July 2024, indianretailer.com
  Wooden Street, a leading name in India’s retail furniture industry, has announced the opening of its 98th store in the prominent Marina Mall in Chennai…
• The Retail Transformation: How 7.6% Economic Growth in FY24 is Redefining India’s Market!
  09 July 2024, indianretailer.com
  The global economic environment in FY24 has been marked by significant challenges, including the ongoing conflict in Ukraine, rising inflation, tightening monetary policies, and disrupted global supply chains…
• Titan Records 9 Pc Revenue Growth in Q1, Expands with 61 New Stores
  09 July 2024, indianretailer.com
  Titan, a leading jewelry and watchmaker under the Tata Group, announced a robust standalone revenue growth of 9 percent for the first quarter ending June 30, 2024…
• Embracing Unified Commerce in FMCG
  09 July 2024, indianretailer.com
  In the dynamic landscape of Fast-Moving Consumer Goods (FMCG), companies face unique challenges when trying to implement unified commerce, primarily due to the lack of direct control over retail front-end operations…
• FMCG Sector Anticipates Revenue Growth of 7-9 pc This Fiscal Year
  09 July 2024, indianretailer.com
  The fast-moving consumer goods (FMCG) sector is poised for a notable revenue increase of 7-9 percent this fiscal year, driven by higher volume growth…
• Nykaa Projects Strong Revenue Growth Amid Fashion Market Challenges
  09 July 2024, indianretailer.com
  In a recent filing with BSE, FSN E-Commerce Ventures, the parent company of Nykaa, forecasted a consolidated revenue growth of around 22-23 percent year-on-year for the first quarter of 2024-25 (FY25)…
• SignatureGlobal (India) reports pre-sales of Rs 31.2 billion in Q1 FY25
  08 July 2024, realty.economictimes.indiatimes.com
  SignatureGlobal (India)’s collections in Q1 FY25 grew by 102% to Rs 12.1 billion. Net debt reduced by 16% to Rs 9.8 billion at the end of Q1 FY25 in comparison to Rs 11.6 billion as at the end of FY24…
• Swiggy Instamart to focus on household consumption, immediate use cases products, says head
  08 July 2024, retail.economictimes.indiatimes.com
  Swiggy Instamart head Phani Kishan Addepalli said the quick commerce platform’s focus will continue to be on items of household consumption and those with immediate use cases, even as the company tries to expand beyond groceries and every day products. He was speaking at the India Health Snacking Summit in Delhi. ..
• Future group’s FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end
  08 July 2024, retail.economictimes.indiatimes.com
  Future Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 crore as of June 2024…
• Zepto is hyperlocal Walmart of India, will focus on top 40 cities: CEO Aadit Palicha
  08 July 2024, retail.economictimes.indiatimes.com
  Zepto, a quick commerce platform in India, raised $665 million in funding, valuing the company at $3.6 billion. The CEO sees Zepto as a hyperlocal Walmart focusing on groceries and household essentials. The company plans to expand its dark stores to 700 to compete with rivals like Blinkit and Swiggy Instamart. Zepto aims to capitalize on the massive market opportunity in the top 40 cities of India…
• Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
  08 July 2024, retail.economictimes.indiatimes.com
  In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year…
• Indians like to have a swig of premium beer
  08 July 2024, retail.economictimes.indiatimes.com
  Premium beers significantly outpaced the overall beer market in FY24, with a 25-30% volume growth compared to the 8-10% growth of the beer category. Bira91’s Taproom pubs in Ludhiana are finding success with flavored premium beers, challenging stereotypes in Punjab…
• FSSAI to mandate displaying nutritional information on food labels in bold, increased font size
  08 July 2024, retail.economictimes.indiatimes.com
  Aimed at empowering consumers to be better informed about the nutritional value of food products, the Food Safety and Standards Authority of India (FSSAI) has approved a proposal to display nutritional information of total sugar, salt and saturated fat on labels of packaged food items…
• Over 7,000 farmer bodies join e-tailing platform ONDC
  08 July 2024, financialexpress.com
  Agriculture ministry starts scheme to train FPOs in business development With more than 7,000 farmers’ collectives on board the government’s e-commerce platform Open Network for Digital Commerce (ONDC), the agriculture ministry has started to train these entities on packaging, branding, marketing, credit linkages with banks, digital payments and statutory compliance….
• Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos
  08 July 2024, retail.economictimes.indiatimes.com
  Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season…
• Gold outpaces major assets with 12% surge in 2024
  08 July 2024, retail.economictimes.indiatimes.com
  Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes. Gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. As we look forward, the key question in investors’ minds is whether gold’s momentum can continue or if it’s running out of steam…
• ‘Flavour is going to be a strong driver for growth’: Manvendra Shukla, global CEO, CG Foods (Wai Wai)
  08 July 2024, financialexpress.com
  “We have a very unique buy proposition, which explains the kind of share we hold in the Indian noodle space,” says Manvendra Shukla, global chief executive officer of CG Foods, the brand behind the popular Wai Wai noodles…
• Quick Commerce: Becoming a preferred platform for D2C brands
  08 July 2024, indianretailer.com
  In the dynamic landscape of beauty & personal care online, quick commerce is emerging as a game-changer, especially for D2C brands. Quick commerce, characterized by ultra-fast delivery times—often within minutes—not only caters to modern consumers’ growing demand for speed, convenience, and efficiency, but is also emerging as a platform where consumers discover and engage with brands that are more their “type”…
• boAt and Shruti Haasan Launch Bassheads 122 ANC: Rediscover Classic Bass
  08 July 2024, indianretailer.com
  boAt, India’s leading audio wearable brand, has joined forces with the versatile actress and singer Shruti Haasan to introduce the all-new Bassheads 122 ANC wired earphones…
• Akka Luxury Brands Pvt. Ltd. Acquires Exclusive Global Rights for Reebok Cricket
  08 July 2024, indianretailer.com
  Akka Luxury Brands Pvt. Ltd., a prominent retail specialist firm, has announced its acquisition of the global rights for Reebok Cricket. Following their successful venture into Reebok Cricket Gear licensing for the Indian sub-continent, this expansion marks a significant milestone in Akka Luxury Brands’ journey within the global sports and fitness retail industry…
• Health and Wellness Trends: How Pickle Brands are Adapting to Consumer Preferences
  08 July 2024, indianretailer.com
  In today’s dynamic and health-conscious consumer landscape, the food industry is witnessing a significant shift towards products that not only tantalize the taste buds but also offer health benefits. One such category that has been undergoing a remarkable transformation is pickles…
• Quick Commerce: Becoming a preferred platform for D2C brands
  08 July 2024, indianretailer.com
  In the dynamic landscape of beauty & personal care online, quick commerce is emerging as a game-changer, especially for D2C brands. Quick commerce, characterized by ultra-fast delivery times—often within minutes—not…
• Vedant Fashions Inaugurates Latest Manyavar-Mohey Store in Bengaluru
  08 July 2024, indianretailer.com
  Vedant Fashions Ltd., a Kolkata-based retailer specializing in ethnic wear, recently opened a new store featuring both its renowned brands Manyavar and Mohey in Bengaluru. This latest addition is situated at Orion Mall, Rajajinagar, Bengaluru…
• FNP Launches ‘Retail Shine’ Outlet in Gurgaon
  08 July 2024, indianretailer.com
  India’s largest gifting company, renowned for its extensive online and offline presence both domestically and internationally, proudly announces the opening of its latest COCO (Company Owned Company Operated) store under the innovative ‘Retail Shine’ concept in Sector 46, Gurgaon…
• West Bengal Govt Withdraws 2% Stamp Duty & 10% Circle Rate Cut
  06 July 2024, rprealtyplus.com
  The West Bengal government announced the withdrawal of the temporary relief measures provided to the real estate sector that included a two per cent reduction in stamp duty and a 10 per cent slash in the circle rate, effective from Monday…
• Institutional Investment In Indian Real Estate Touches 3 Year High
  06 July 2024, rprealtyplus.com
  After a steady start in Q1 2024, Q2 2024 saw accelerated momentum, registering USD 2.5 billion of inflows—the highest in any quarter since 2021…
• Knight Frank India Facilitates JDA For Brigade Enterprise Ltd
  06 July 2024, rprealtyplus.com
  Knight Frank India, a leading international real estate consultancy, has successfully facilitated a Joint Development Agreement (JDA) for a land parcel of approximately 8 acres located in the West Bengaluru micro-market…
• Coffee Day Enterprises’ total default at Rs 433.91 crore in Q1 FY25
  06 July 2024, retail.economictimes.indiatimes.com
  Coffee Day Enterprises Ltd (CDEL) reported a total default of Rs 433.91 crore on interest and principal payments to banks, financial institutions, and holders of unlisted debt securities like NCDs and NCRPS for the quarter ending June 30, 2024. The company attributed the delay in debt servicing to a liquidity crisis…
• Adani Wilmar reports 13 pc volume growth in June quarter
  06 July 2024, retail.economictimes.indiatimes.com
  Edible oil major Adani Wilmar announced on Friday that it reported a 13 percent volume growth in the June quarter. This double-digit growth was driven by market-specific strategies aimed at increasing market share, particularly in under-indexed markets. In a business update, the company stated, “In the first quarter of the current fiscal, the company achieved robust volume growth of 13 percent YoY.”..
• Titan reports 9 pc revenue growth in Q1, adds 61 stores
  06 July 2024, retail.economictimes.indiatimes.com
  “The auspicious week of Akshaya Tritiya witnessed double-digit growths (in Tanishq secondary sales) compared to the same period last year. However, high gold prices and their continued firmness had an impact on consumer demand,” Titan said…
• Marico’s domestic business reports modest uptick on volume in Q1; margins improve
  06 July 2024, retail.economictimes.indiatimes.com
  The company recorded volume growth post adjustments in distributor stock levels and a certain degree of wholesale channel destocking to ensure smoother direct reach expansion, said Marico in its quarterly update for the first quarter…
• Dabur sees improvement in demand, rural growth in Q1
  06 July 2024, retail.economictimes.indiatimes.com
  Demand trends witnessed sequential improvement in the June quarter, with rural growth picking up, homegrown FMCG major Dabur said on Friday. The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real and Vatika…
• 250-300 consumer brands expected to enter the Rs 100 crore revenue club in the next 4-5 years
  06 July 2024, retail.economictimes.indiatimes.com
  As per Elevation Capital, a few categories that have seen pent-up demand post-covid include pet care, luggage, home, and new tech platforms…
• Swiggy launches ‘Eatlists’, a global-first feature in food delivery
  06 July 2024, retail.economictimes.indiatimes.com
  The company said like creating and sharing music playlists, Swiggy’s Eatlists feature will enable food enthusiasts to curate and share their favourite dishes directly within the Swiggy app…
• How grocers are upping their ante to meet evolving consumer needs?
  06 July 2024, retail.economictimes.indiatimes.com
  Consumer behavior in Indian grocery shopping is still experiencing a dramatic shift in terms of online shopping when compared to the majority of the majority of the world…
• World of Brands set to launch craft beer brand in Karnataka
  06 July 2024, thehindubusinessline.com
  AlcoBev startup World of Brands (WoB) looks to expand its domestic market presence and manufacturing set-up as it launches its ready-to-drink craft beer brand in Karnataka in July…
• Mobile phone maker realme partners Sony for upcoming 5G device with AI-imaging feature
  06 July 2024, retail.economictimes.indiatimes.com
  “This collaboration between realme and Sony will see the debut of the world’s first Sony’s LYT-701 camera sensor in the realme 13 Pro Series 5G,” company officials said…
• Jaipur Rugs on a global expansion spree; expects 20% growth in global retail sales this fiscal
  06 July 2024, retail.economictimes.indiatimes.com
  Jaipur Rugs is planning to expand its footprint in Singapore during this quarter. Last week, it opened its third international retail store at Chelsea Harbour in London. The company said it is eyeing 20 per cent growth in overall retail sales from both Indian and international markets through its stores. And expects a 15 per cent increase from global operations, including exports…
• Vedant Fashions Inaugurates Latest Manyavar-Mohey Store in Bengaluru
  06 July 2024, indianretailer.com
  Vedant Fashions Ltd., a Kolkata-based retailer specializing in ethnic wear, recently opened a new store featuring both its renowned brands Manyavar and Mohey in Bengaluru. This latest addition is situated at Orion Mall, Rajajinagar, Bengaluru…
• Bonkers Corner Launches New Outlet at Amanora Mall
  06 July 2024, indianretailer.com
  Pune’s Amanora Mall has announced an exciting addition to its retail lineup with the grand opening of Bonkers Corner, a vibrant fashion and lifestyle brand that has captured the essence of contemporary fashion trends…
• FNP Launches ‘Retail Shine’ Outlet in Gurgaon
  06 July 2024, indianretailer.com
  India’s largest gifting company, renowned for its extensive online and offline presence both domestically and internationally, proudly announces the opening of its latest COCO (Company Owned Company Operated) store under the innovative ‘Retail Shine’ concept in Sector 46, Gurgaon…
• EasyBuy Expands Nationwide with New Large Format Stores
  06 July 2024, indianretailer.com
  EasyBuy, the contemporary value fashion brand, continues its expansion across India with the addition of large format stores in various key locations…
• VR Diamonds Opens New Flagship Store in New Delhi
  06 July 2024, retail.economictimes.indiatimes.com
  VR Diamonds has opened its flagship store in the bustling heart of New Delhi at M-41, GK 1 M Block. This move marks a significant milestone for the brand, known for its luxury and craftsmanship in the retail sector across India…
• 8 Most Expensive Cigarette Brands in India You Must Try in 2024
  06 July 2024, indianretailer.com
  It’s all the first drag – the thrill, the swag, the satisfaction! Smoking a cigarette is more than a temporary sense of relaxation, it’s the choice of life. Holding the slim, white, super-cool stick adds the oomph. So, why not indulge in the best of those that are there on the shelves today…
• Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources
  05 July 2024, retail.economictimes.indiatimes.com
  Zomato’s hyperlocal goods delivery service ‘Xtream’ was rolled out in nearly all the 750-800 cities where the company offers food delivery. Zomato has also removed the Xtream app from Google Play Store as well. The online food delivery giant has more than 300,000 delivery executives nationwide…
• OnePlus names Robin Liu as India CEO
  05 July 2024, retail.economictimes.indiatimes.com
  Chinese smartphone brand OnePlus has named Robin Liu, former head of sales in India and chief executive in North America, to head the business in the South Asian nation, amidst an ongoing boycott by retailers against the brand…
• Del Monte Foods announces Abhinav Kapoor as new CEO
  05 July 2024, retail.economictimes.indiatimes.com
  Abhinav Kapoor was previously vice president, sales at VIP Industries, where he was overseeing P&L, multiple channels and sales, the company said in a statement, adding that Kapoor has over two decades of experience in sales and distribution within consumer businesses. He has previously held leadership positions at Cavinkare, Britannia Industries, Mondelez and Marico, the statement said…
• Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
  05 July 2024, retail.economictimes.indiatimes.com
  Aditya Jhaver, Director, CRISIL Ratings said,”We expect volume growth of 6-7 per cent in fiscal 2025 from the rural consumers (40 per cent of overall revenue), supported by expectation of better monsoon benefitting agricultural production, and hike in minimum support price supporting farm incomes”…
• PE, VC funding slows in first half of 2024; secondary deals become prominent
  05 July 2024, retail.economictimes.indiatimes.com
  Secondary stake sales and buyouts are driving most of the larger deals being made by private equity (PE) and venture capital (VC) funds in new-age firms, data from investment banking firm DC Advisory showed. In the first six months of 2024, when 37 deals took place in the $50-500 million range, 62% were secondary transactions or buyouts, with external primary investment rounds making up only 13%…
• Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal
  05 July 2024, retail.economictimes.indiatimes.com
  HBC, the parent company of Saks Fifth Avenue, announced on Thursday that it will acquire the department-store chain Neiman Marcus in a $2.65-billion deal. This acquisition is expected to give the companies stronger negotiating power with vendors and better control over costs…
• Chupps appoints Khairav Duggal as CEO
  05 July 2024, retail.economictimes.indiatimes.com
  In this role, Duggal will oversee all aspects of Chupps’ operations by focusing on product development, sourcing, strategic planning and expanding sales channels, including a robust e-commerce presence, according to a statement…
• Malabar Gold opens 2nd store in UK, eyes further expansion
  05 July 2024, retail.economictimes.indiatimes.com
  Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, opened its second UK showroom in Leicester on Thursday. This new 2,000-square-foot store is on Belgrave Road’s Golden Mile. The inauguration was done by Leicester City Mayor Peter Soulsby. The store features over 20,000 jewellery designs from 20 countries. It caters to various wear categories, including bridal and office, the company said in a statement…
• D2C snack brand Let’s Try secures funding from Wipro Consumer Care Ventures
  05 July 2024, retail.economictimes.indiatimes.com
  Let’s Try will use the funds to accelerate growth across both offline and online channels. The New Delhi-based company offers a wide range of snacks including baked, fried, and roasted namkeens. Let’s Try claims to have a revenue run rate of over Rs 50 crore…
• Beverages maker RockClimber plans to raise $5 million, aims Rs 100 crore turnover
  05 July 2024, retail.economictimes.indiatimes.com
  RockClimber targets Rs 100 crore in sales, raising $5 million for expansion and online growth. Launching energy drinks and focusing on quality, they have 140 distributors, mainly targeting the Middle East and Africa. Co-founder Deepak Poduval emphasizes farmer support, tech integration, and mobile fruit processing to overcome challenges like reluctant farmers and price volatility…
• Marico to market and sell Kaya’s personal care products
  05 July 2024, retail.economictimes.indiatimes.com
  We believe that with the potent combination of a brand of Kaya’s stature and Marico’s organized channel reach and digital marketing capabilities, the opportunity to scale up the products business can be another growth driver for us over the next few years,” Saugata Gupta, MD & CEO, Marico said…
• Q-commerce sales double in a year for FMCG majors, now comprise 33-36% of total e-comm sales
  05 July 2024, financialexpress.com
  The share of q-commerce sales within the e-commerce sales for the FMCG companies now stands at 33-36% against 17-18% a year ago…
• Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors
  05 July 2024, retail.economictimes.indiatimes.com
  The Karnataka government engaged in discussions with the major Korean companies to reinforce the state’s economic landscape across gaming, FMCG, and automotive sectors…
• VR Diamonds Opens New Flagship Store in New Delhi
  05 July 2024, indianretailer.com
  VR Diamonds has opened its flagship store in the bustling heart of New Delhi at M-41, GK 1 M Block. This move marks a significant milestone for the brand, known for its luxury and craftsmanship in the retail sector across India…
• Kalyan Jewellers Reports Strong Q1 FY2025 Performance with 27 Pc Revenue Growth
  05 July 2024, indianretailer.com
  The recently concluded quarter has been satisfying for Kalyan Jewellers, showing robust operating performance across India and the Middle East despite extreme volatility in gold prices and a strong base quarter…
• 48 pc of Indian Consumers Willing to Share Data for Personalized Retail Experiences
  05 July 2024, indianretailer.com
  Indian consumers are increasingly prioritizing value-conscious purchases and experiential spending. Inflation has greatly impacted consumer spending, pushing a shift towards value-conscious purchases and a renewed interest in experiences like travel and hospitality…
• KRBL Strengthens Leadership Team with Key Appointments
  05 July 2024, indianretailer.com
  KRBL Limited, known for its flagship India Gate Basmati Rice, the world’s No 1 Basmati Rice brand*, has appointed two key executives to its leadership team. Prabhakar Jha joins as General Manager of Sales and Distribution, while Kamal Kant Kanaujia assumes the role of Deputy General Manager in the marketing team…
• Marico Partners with Kaya to Expand Presence in Advanced Science-Backed Personal Care
  05 July 2024, indianretailer.com
  Marico Limited, a leading FMCG company in India, and Kaya Limited, a well-known provider of dermatological solutions, have announced a strategic collaboration. Marico will exclusively handle the sales and marketing of Kaya’s extensive range of over 75 science-based personal care products outside of Kaya’s clinics…
• Top 10 Perfume Brands for Male in India | Best Scents for Men
  05 July 2024, indianretailer.com
  Raw, musky, sensual – the scent of an alpha male! What is it that a man looks for when he chooses his scent out of the plethora of choices available in the market today? The answer: power. When he walks into a room, he should be perceived as the most successful person there…
• Top 10 Sneaker Brands in India to Keep You Ahead of the Fashion Curve
  05 July 2024, indianretailer.com
  It is widely known that most women are obsessed with shoes. In fact, one of the most coveted real estate areas in a home is the shoe closet. However, this craze has been overtaken by the new breed of collectors…
• India’s Jewelry Market Poised for Explosive Growth, Projected to Reach $145 Bn by FY28
  05 July 2024, indianretailer.com
  India’s jewelry retail sector has witnessed a remarkable growth trajectory, expanding from $50 billion in 2018 to an impressive $80 billion in the financial year 2024, according to a report by Motilal Oswal Financial Services…
• Indians Turn to Alexa for Relief Amid Record Summer Heat
  05 July 2024, indianretailer.com
  As temperatures soared across India this summer, reaching record-breaking highs, many turned to their air conditioners (ACs) and the convenience of Alexa for relief…
• boAt Expands Smartwatch Portfolio with Lunar Oasis
  05 July 2024, indianretailer.com
  boAt has introduced the boAt Lunar Oasis smartwatch, featuring a vibrant 1.43” AMOLED display, advanced Bluetooth calling, and real-time health monitoring, aimed at enhancing the retail experience in India…
• How Delivery-First Model is taking Shape in India
  05 July 2024, irecwire.com
  According to a recent report by Google and Boston Consulting Group (BCG), the Indian food delivery industry is projected to grow from $4 billion in 2019 to over $8 billion by 2023…
• The Little Easy Brings Prohibition-Era Charm to Andheri
  05 July 2024, indianretailer.com
  In a quaint alleyway off the lively streets of Andheri, The Little Easy has emerged as a unique addition to the hospitality scene. This all-day cocktail bar and café capture the essence of the American Prohibition Era, where every sip tells a story and indulgence is an art…
• PE Investment In Indian Real Estate Registers 42% Increase YoY
  04 July 2024, rprealtyplus.com
  Private equity investment inflows into the Indian real estate sector were recorded as USD 1.7 billion (INR 142 billion) during H1 2024, registering a 42% increase YOY…
• Puravankara Acquires 7-Acre Land In Bengaluru With Potential GDV Of Rs. 900 Cr
  04 July 2024, rprealtyplus.com
  Puravankara Limited, one of India’s most trusted and admired real estate developers, has announced the acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru…
• India’s most versatile Real Estate Marketing specialists eye robust growth!
  04 July 2024, retail.economictimes.indiatimes.com
  In the last few months alone, Square One has rolled out powerful success stories in Pune with projects the likes of Envogue, Shubh Tristar and Majestique Evolvus…
• Reliance Industries invests Rs 4,330 cr in retail unit in FY24
  04 July 2024, retail.economictimes.indiatimes.com
  Reliance Industries invested Rs 4,330 crore into its flagship retail company, Reliance Retail, in the past fiscal year, a shift from previous reliance on debt funding. The investment, made through its subsidiary RRVL, included both equity and debt. Reliance Retail transferred its supply chain assets to RLWH at a valuation of Rs 8,000 crore. This move aims to unlock value from assets and improve cash flow, following recent investments by ADIA and KKR in RLWH…
• Reliance’s app, stores may soon sport Shein
  04 July 2024, retail.economictimes.indiatimes.com
  Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores…
• Online food delivery market to grow 18% on-year to Rs 2 lakh crore by 2030: Bain-Swiggy report
  04 July 2024, retail.economictimes.indiatimes.com
  The online food delivery market in India is on a significant growth trajectory, with Zomato leading in market share. Swiggy’s overall gross order value has been increasing, as reported by Prosus. By 2030, the industry is set to witness substantial expansion, driven by convenience and improved customer experience…
• Burger Singh bets big on transit retail in tier II and beyond cities
  04 July 2024, retail.economictimes.indiatimes.com
  This fiscal, the brand is planning to invest Rs 25 crore towards expansion, strengthening its supply chain and marketing…
• Britannia appoints ex-RBI Guv Urjit Patel as independent director
  04 July 2024, retail.economictimes.indiatimes.com
  Britannia has appointed former Reserve Bank of India Governor Dr. Urjit Patel and Atul’s MD Sunil Siddharth Lalbhai as Additional Non-Executive Independent Directors for five consecutive years, effective from July 2, 2024, to July 1, 2029…
• Marico, Kaya to collaborate for sales
  04 July 2024, thehindubusinessline.com
  Fast-Moving Consumer Goods (FMCG) maker Marico announced its collaboration with Kaya Ltd to handle sales and marketing of Kaya’s personal care products…
• PV Sindhu invests in wellness brand Hoop
  04 July 2024, retail.economictimes.indiatimes.com
  Hoop aims to use the funds to fuel its growth and development. “These resources will be directed towards a variety of essential areas including robust marketing initiatives to build brand awareness, strategic hiring to bring on board the best talent, and expanding our distribution channels to reach more consumers,” Twinkle Uppal, co-founder, Hoop said…
• Lawman Expands Presence in Maharashtra with New Mumbai Store
  04 July 2024, indianretailer.com
  Kewal Kiran Clothing Limited’s (KKCL) men’s affordable luxury fashion brand, Lawman, announced its plans to strengthen its footprint in the Maharashtra market…
• How Streax Professional Grew from 100 to 40,000+ Salons in India
  04 July 2024, indianretailer.com
  Greens, purples, reds, ash blondes, oranges – these are the new-age hair shades that are ruling both the Indian and global markets. While these unconventional colors may seem suited only for metropolitan audience, they have seeped through the length and breadth of the country…
• Urban Tots Expands into Global Markets
  04 July 2024, indianretailer.com
  The global toy market, valued at $104 billion in 2023, is steadily growing. Within this landscape, India’s toy industry is rapidly emerging, projected to reach $3 billion by 2028 with a 12 percent CAGR from 2022 to 2028…
• Goodveda Boosts Millet Snack Market
  04 July 2024, indianretailer.com
  In alignment with the Indian government’s ‘Millet Revolution’ campaign, Goodveda, a leading innovator in natural healthcare solutions, has introduced a new range of nutritious millet-based snacks called ‘Milletious…
• HowLudic Launches Enhanced Canvas Sneakers Collection
  04 July 2024, indianretailer.com
  Ludic, the footwear-first lifestyle brand, introduces a new collection of enhanced canvas sneakers, designed and manufactured in India. The collection is crafted to meet men’s and women’s style and comfort needs, featuring shades that complement various outfits, blending classic and modern styles…
• How to Start a Cosmetic Business in India: 2024 Guide
  04 July 2024, indianretailer.com
  The cosmetic industry has a market size that is projected to reach $393.75 billion by 2023, growing at a CAGR of 5.8-9.8 percent from 2030 to 2032…
• Fitness World Unveils New K-6 Strength Series
  04 July 2024, indianretailer.com
  Fitness World, India’s leading fitness brand, has introduced its latest innovation, the K-6 Strength Series. This new series combines a biomechanically designed steel frame with a stylish steel designer shroud, featuring an elegant black color and beige seat upholstery…
• Amocare Bags $400,000 for Wellness Expansion
  04 July 2024, indianretailer.com
  Amocare, a natural wellness company, has successfully raised approximately $400,000 in pre-seed funding from domestic and international investors, including FAAD Network and AngelBay Holdings…
• Comet Bags Rs 42.3 cr in Series A Funding
  04 July 2024, indianretailer.com
  Bengaluru-based Direct-to-consumer (D2C) sneaker brand Comet has secured Rs 42.3 crore in a Series A funding round, led by Elevation Capital. The round also saw participation from existing investors Nexus Ventures and AngelList India, contributing Rs 8.34 crore and Rs 60 lakhs respectively…
• Decathlon India Sets Sights on Circular Economy Leadership by 2026
  04 July 2024, irecwire.com
  “By 2026, we aim for these initiatives to contribute 2.5 percent of our turnover in the country,” said Annie George, Leader Sustainability Development, Decathlon India…
• Godrej Properties Group Housing & High Street Retail Project In Pune
  03 July 2024, rprealtyplus.com
  Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, announced that it will develop 11-acre land parcel in Hinjewadi, Pune…
• Small and medium REITs to broaden realty investor base: Crisil
  03 July 2024, realty.economictimes.indiatimes.com
  So far, fractional ownership platforms (FOPs) did not follow uniform guidelines. The SEBI move is intended to address this by bringing existing FOPs under the regulatory ambit…
• Food watchdog wants quick commerce companies to speed with caution
  03 July 2024, retail.economictimes.indiatimes.com
  FSSAI officials have ramped up surprise audits at dark stores, D2C brands. Fast delivery startups are watchful about taking on smaller brands, despite the higher margins, said people in the know, after incidents such as the reported discovery of a human finger in an ice-cream cone — ordered via an app — in Mumbai. ..
• Ayurvedic personal care brand Vedix partners with Shoppers Stop for offline expansion; eyes Rs 200 cr revenue in 18 months
  03 July 2024, retail.economictimes.indiatimes.com
  Vedix plans to expand by relaunching body care products, entering new markets, and accelerating revenue growth through online and offline strategies, aiming to enhance customer experiences with personalized Ayurvedic solutions…
• Indian fast fashion industry poised to reach over $50 billion by FY31: Report
  03 July 2024, retail.economictimes.indiatimes.com
  According to the report, the mid-value brands segment will see the maximum proliferation of brands, leveraging low-entry barriers and experimental consumer behaviour to drive growth.Further, brands with unique and value-adding positioning are expected to appeal strongly to customers…
• FMCG Q1 check: Some hot, some not
  03 July 2024, retail.economictimes.indiatimes.com
  Scorching summer heat and elections created a mixed quarter for consumer goods, with sales of cooling products like beverages, ice creams, talcum powder, and sunscreens rising up to 15 per cent amidst the heatwave…
• Indian textile sector shows signs of post-pandemic recovery: Report
  03 July 2024, retail.economictimes.indiatimes.com
  The report added that Indian cotton prices are currently lower than global prices, helping cotton spinners grow their volumes. In the last quarter of the fiscal year 2024 (4QFY24), the sector’s revenue grew by about 8 per cent compared to the previous year. However, yarn prices fell by 5 per cent, which limited the overall growth. With cotton prices stabilising, the value growth is expected to align with volume growth soon…
• Premium sneaker stampede sweeps India off its feet and Adidas is game for it
  03 July 2024, retail.economictimes.indiatimes.com
  The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend…
• AI Smartphone Sales Likely to be Dull in India in 2024
  03 July 2024, retail.economictimes.indiatimes.com
  AI-capable smartphones are projected to constitute only 4-5 per cent of the 152-156 million total smartphone shipments in India this year. Global estimates suggest they will make up 17 per cent of 1.2 billion handsets by 2024…
• The Kaftan Company Opens First Physical Store in Hyderabad
  03 July 2024, indianretailer.com
  The Kaftan Company (TKC), India’s leading Kaftan brand, has proudly inaugurated its debut physical store in Hyderabad, strategically located on Road Number 3 in Banjara Hills…
• Mango Teen Expands with First International Stand-Alone Store
  03 July 2024, indianretailer.com
  Mango, a leading European fashion group, is advancing its Mango Teen line with significant international expansion. Three years after its launch, the Teen line has opened its first stand-alone store outside Spain, located in the United Kingdom…
• India’s Fast Fashion Market Poised for $50 Bn Boom by FY31: 30-40 pc Growth in FY24
  03 July 2024, indianretailer.com
  Fast Fashion has democratized the fashion industry. For Millennials and Gen Z (the driving force for this industry), Fast Fashion has provided affordability combined with constant access to trendy styles making it a game-changing experience…
• How to Start a Cosmetic Business in India in 2024
  03 July 2024, indianretailer.com
  The cosmetic industry has a market size that is projected to reach $393.75 billion by 2023, growing at a CAGR of 5.8-9.8 percent from 2030 to 2032. Due to the popularization of e-commerce and social platforms, the need for new and specialized beauty products has only grown…
• How India’s Home and Interior Market Skyrocketed to $29.5 Billion—Top Trends Driving the Boom
  03 July 2024, indianretailer.com
  India’s home and interior market is witnessing significant growth, reaching approximately Rs 2.4 trillion ($29.5 billion) in 2023. The indoor living product segment dominates, holding around 41 percent of the total market share…
• Woodsworth Introduces the Serengeti Furniture Range – Inspired by African Tribal Motifs
  03 July 2024, indianretailer.com
  Woodsworth from Pepperfry proudly unveils its latest furniture collection, “Serengeti – The Spirit of Safari.” This new line draws inspiration from the vibrant tribal motifs found across Africa, offering a captivating glimpse into the continent’s indigenous artistry…
• Growel’s 101 Mall Initiates Environmental Cleanup Project
  03 July 2024, indianretailer.com
  Growel’s 101 has launched a significant environmental project aimed at cleaning a nearby waterway. The mall has successfully removed approximately 3 tons of garbage from the stream adjacent to its premises, addressing issues such as water pollution, reduced soil quality, disease spread, and an unhygienic environment…
• CDC Experience Store Reopens in Mumbai
  03 July 2024, indianretailer.com
  Crepdog Crew (CDC) has relaunched its experiential store, CDC Experience, in Bandra West, Mumbai. Originally opened in May 2023, the store was rebuilt in just 53 days following a fire accident…
• Himalaya Wellness Brings Pure Cow Ghee Range for Babies
  03 July 2024, indianretailer.com
  Himalaya Wellness Company, a leading wellness brand in India, has launched a new Pure Cow Ghee Range specially formulated for babies with sensitive skin and newborns…
• Whiskers India Expands Retail Presence with Reliance’s Fashion Factory Partnership
  03 July 2024, indianretailer.com
  Whiskers India, a unisex grooming product brand, which has MTV Roadies celebrity Rannvijay Singha as its partner, announced a retail collaboration with Reliance’s Fashion Factory. This partnership aims to cater to over 100,000 lifestyle consumers through Fashion Factory’s 100+ outlets across India…
• Vedix and Shoppers Stop Launch Exclusive Shop-in-Shop in Bangalore
  03 July 2024, indianretailer.com
  Vedix, the world’s largest customized Ayurvedic personal care brand, has launched its first shop-in-shop (SIS) store in collaboration with Shoppers Stop at Garuda Mall, Bangalore…
• West Bengal government withdraws 2% stamp duty & 10% circle rate cut
  02 July 2024, realty.economictimes.indiatimes.com
  Sushil Mohta, President of CREDAI West Bengal and Chairman of Merlin Group, expressed gratitude to the state government for the relief measures but also urged the administration to reconsider the latest decision…
• Patanjali Foods to acquire Patanjali Ayurved’s home, personal care biz for Rs 1,100 cr
  02 July 2024, retail.economictimes.indiatimes.com
  In a regulator filing, Patanjali Foods informed that the board has approved the “acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by PAL, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis”…
• Former SoftBank managing partner Lydia Jett joins Flipkart board
  02 July 2024, retail.economictimes.indiatimes.com
  Lydia Jett previously joined Flipkart’s board as a representative of SoftBank in 2017. She had exited Flipkart’s board after stepping down as SoftBank’s managing partner in February this year. Meanwhile, Flipkart has been aiming for profitability amid changes in senior management and layoffs prompted by cost-cutting earlier this year…
• This festive season, mission is possible: Companies to stockpile weapons of mass consumption
  02 July 2024, retail.economictimes.indiatimes.com
  Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records…
• AI platform Bik.ai expands into global markets, onboards 500+ brands
  02 July 2024, retail.economictimes.indiatimes.com
  Full stack AI platform for e-commerce, Bik.ai has emerged as a leader in an all- all-in-one unified platform for campaigns, automations, and inbox for e-commerce brands…
• Amazon India doubles down on same-day delivery for Prime members
  02 July 2024, retail.economictimes.indiatimes.com
  Currently, Amazon Prime members get free unlimited same-day delivery on more than one million items and next-day delivery on more than four million items…
• GST brought relief to households with reduction in prices: FinMin
  02 July 2024, retail.economictimes.indiatimes.com
  The Goods and Services Tax (GST) has completed seven years of implementation, resulting in cheaper household items, improved tax compliance among businesses, and a wider tax base, according to the finance ministry. Since its introduction on July 1, 2017, replacing 17 local taxes, the GST has reduced tax rates on many household goods, increasing affordability for consumers…
• Mango Teen Expands with First International Stand-Alone Store
  02 July 2024, indianretailer.com
  Mango, a leading European fashion group, is advancing its Mango Teen line with significant international expansion. Three years after its launch, the Teen line has opened its first stand-alone store outside Spain, located in the United Kingdom…
• Davaindia Strengthens Uttar Pradesh Footprint
  02 July 2024, indianretailer.com
  Davaindia, India’s largest private generic pharmacy retail chain and a brand of Zota Healthcare Ltd, has announced the grand opening of its latest store in Lucknow…
• Top 15 Whisky Brands in India for 2024 | ABV%
  02 July 2024, indianretailer.com
  During the forecast period between 2024 and 2030, the size of India whisky market is projected to grow at a CAGR of 4.61% reaching a value of $28.97 billion by 2030…
• Top 10 Affordable Watch Brands in India for Every Style
  02 July 2024, indianretailer.com
  Finding a stylish yet affordable watch in India could not have been made easier than by the countless brands that cater to style-conscious as well as the budget-savvy customer…
• Does Cloud Computing Help Retail Businesses?
  02 July 2024, indianretailer.com
  Envision a retail environment where retailers anticipate your needs before you enter where checkout queues are obsolete and where each interaction feels customized just for you…
• 5 Biggest Shopping Malls in the World
  02 July 2024, indianretailer.com
  Shopping malls have become more than just places to shop. They’re entertainment hubs, social centers, and even tourist destinations…
• How ITC’s Omnichannel Expansion Doubled Market Reach in Two Years
  02 July 2024, indianretailer.com
  With rapid technological advancements and evolving consumer preferences, ITC Ltd. is standing at the forefront of driving change and innovation…
• Sumuka Agro Receives Approval for Merger with Gujjubhai Foods
  02 July 2024, indianretailer.com
  Sumuka Agro, a notable consumer food brand in India, has received the merger NOC from the Bombay Stock Exchange (BSE), paving the way for its strategic integration with Gujjubhai Foods…
• Benetton Group Names Claudio Sforza as CEO Following Shareholders’ Meeting
  02 July 2024, indianretailer.com
  The Benetton Group Srl Shareholders’ Meeting recently approved the 2023 financial statements and appointed a new Board of Directors consisting of Christian Coco (Chairman), Andrea Pezzangora, and Claudio Sforza…
• India’s Booming Retail Market: Major Trends & Outlook for 2024
  02 July 2024, indianretailer.com
  As India accelerates towards becoming the third-largest retail market in the world, 2024 is further poised to be a transformative year for the industry. Driven by rising disposable incomes, rapid urbanization, a burgeoning middle…
• How Textile Innovations are Shaping the Next Wave of Fashion in India
  02 July 2024, indianretailer.com
  Positioned at the cliff of a transformative journey, the Indian textile industry is poised to emerge at the forefront of the global landscape. Backed by its rich cultural heritage, the industry is all set to foray into the avenues of innovation, sustainability, and global integration…
• OKIE Ventures into Madhya Pradesh with Innovative Consumer Electronics
  02 July 2024, retail.economictimes.indiatimes.com
  OKIE Ventures, a prominent player in electronics manufacturing specializing in OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) solutions, has unveiled its strategic expansion into Madhya Pradesh…
• Pebble Introduces Wavebuds and Euphoria, Redefining TWS Segment
  02 July 2024, indianretailer.com
  Pebble, India’s fastest-growing smartwatch and audio technology brand, has bolstered its earbuds range with the introduction of Wavebuds and Euphoria…
• Japanese Shipping Major Mitsui O.S.K Lines Forays In Indian Real Estate
  01 July 2024, rprealtyplus.com
  Japanese shipping major Mitsui O.S.K. Lines, Ltd’s group company, Daibiru Corporation, has forayed into India’s real estate business with an investment of $123.5 million to join the Atrium Place Project, an office building development project near Delhi…
• F&B, quick commerce log 40-50% sales jump on T20 final night
  01 July 2024, retail.economictimes.indiatimes.com
  India’s nail-biting final match with South Africa on June 29 and the eventual historic victory drove up sales and revenues of food and beverage (F&B) companies as well as quick commerce firms. Merchant checkout network Simpl said it saw a nearly 40% increase in consumer spending on its platform during the match…
• Ola set to take on Blinkit and Swiggy Instamart
  01 July 2024, retail.economictimes.indiatimes.com
  Cab service provider Ola is all set to venture into grocery delivery. According to a report by Moneycontrol, Ola is set to leverage the Open Network for Digital Commerce (ONDC) platform to launch its services within the next few days. This move marks Ola’s third attempt at the online grocery delivery space…
• Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
  01 July 2024, retail.economictimes.indiatimes.com
  The Indian wedding industry, worth around Rs 10 lakh crore (USD 130 billion), is second only to food and grocery. Hosting 8-10 million weddings annually, India leads globally. Weddings significantly impact multiple sectors, driving growth in jewelry, apparel, catering, and more. Despite economic classes, spending on weddings often exceeds education costs…
• Titan launches jewellery brand Tanishq in Bangladesh
  01 July 2024, retail.economictimes.indiatimes.com
  Titan Company announced its expansion into Bangladesh by launching its jewellery brand Tanishq through a joint venture with Rhythm Group. This initiative, aimed at bolstering its international presence, will begin with the establishment of a manufacturing facility in Narayanganj. Titan already operates 17 Tanishq stores across various international markets including the UAE, US, Qatar, Singapore, and Oman. ..
• Soon, cosmetics will be more transparent to all
  01 July 2024, retail.economictimes.indiatimes.com
  India’s drug regulator is considering mandatory inclusion of the international nomenclature of cosmetic ingredients (INCI) on all cosmetic product labels for better transparency and easier identification. The standardized INCI system will help consumers understand product compositions and aid dermatologists and regulators in tracking ingredient safety. The move aims to prevent confusion, facilitate compliance, and enhance the marketability of safe products…
• Second to none, thrifting set to outpace apparel market
  01 July 2024, financialexpress.com
  Sauntering through the lanes of Hauz Khas Village in Delhi, one can spot several stores—ordinary looking from the outside, but a treasure trove of one-of-a-kind clothes, shoes and accessories…
• “Our brand is about human connections and generating good times”
  01 July 2024, financialexpress.com
  Jacqueline Van Faassen, Premium Brands Director & Head of Innovation at United Breweries (Heineken India), spoke to FE’s Alokananda Chakraborty on the beer brand’s association with sports and how it has helped keep the excitement alive around the brand. Edited excerpts…
• Top brands bank on ‘imported’ sales events to boost demand
  01 July 2024, retail.economictimes.indiatimes.com
  Back to school sales in India have seen rapid growth over the last five to six years, with the event generating over a fourth of retail laptop sales. This trend is second only to the Diwali festive season’s contribution of 30-35%, according to industry estimates. Other ‘imported’ sales events include small business days, Black Friday, Cyber Monday, Mother’s Day, Father’s Day, and Valentine’s Day…
• Livspace launches premium brand Vinciago; plans 100 experience centres by 2024-end
  01 July 2024, retail.economictimes.indiatimes.com
  ​Saurabh Jain, Co-founder and CEO – India Operations, Livspace, said, “The opportunity that lies ahead is immense in growth and size and we are excited to be able to broaden our spectrum of offerings and cater to the premium homes segment.” The firm is planning to strengthen its retail footprint across India by opening 100 design experience centres (ECs)…
• Kalyan Jewellers Expands Retail Footprint with New Bengaluru Showroom
  01 July 2024, indianretailer.com
  Kalyan Jewellers, one of India’s most trusted and leading jewellery companies, has launched a new showroom in Banashankari, Bengaluru. This new showroom, featuring extensive designs from Kalyan Jewellers’ various collections, marks the company’s ninth location in Bengaluru…
• India’s Booming Retail Market: Major Trends & Outlook for 2024
  01 July 2024, indianretailer.com
  As India accelerates towards becoming the third-largest retail market in the world, 2024 is further poised to be a transformative year for the industry…
• Unlocking the Potential of Next-Generation Smart Fabrics
  01 July 2024, indianretailer.com
  In a world where technology is seamlessly integrated into every aspect of modern life, the textile industry remains no exception. As the wave of innovation continues to sweep through the ecosystem, the advent of smart fabrics represents a remarkable revolution…
• gobbleright Unveils New Line of Gut-Friendly, Gluten-Free, and Vegan Options
  01 July 2024, indianretailer.com
  Mumbai-based startup gobbleright has unveiled an exciting array of products tailored for health-conscious consumers seeking delicious yet nutritious alternatives…
• Rethinking Digital Strategies in a Phygital World
  01 July 2024, irecwire.com
  Instead of a full-scale overhaul, Indian QSRs could implement digital solutions gradually, starting with mobile ordering and loyalty programs, allowing for smoother transitions and customer adaptation…
• ArtBuzz Elevates Stays for Digital Nomads
  01 July 2024, indianretailer.com
  ArtBuzz, a young and innovative backpacker hostel chain, is transforming the way digital nomads and remote workers experience travel and work in India. Established just two years ago, ArtBuzz has already achieved…
• Kwality Foods Introduces Updated Packaging Design
  01 July 2024, indianretailer.com
  Kwality Foods, a prominent multi-brand food manufacturer, has launched a fresh look for its breakfast cereal packaging, marking a significant update in its product presentation strategy…
• How Superkicks is Driving Growth with Offline Expansion & Customer-Centric Innovations
  01 July 2024, indianretailer.com
  While the overall footwear category is extensive, with numerous options for women including sneakers, formals, heels, and open footwear, the premium sneaker segment remains relatively uncrowded…
• Cantabil Retail India: Improving outlook, expected budgetary sops to boost growth
  01 July 2024, moneycontrol.com
  CRIL is aiming to reach the Rs 1,000-crore revenue mark by mid FY2027, implying about 20 percent CAGR over the medium term…
• ITC packs a punch, beats Britannia in foods business
  29 June 2024, retail.economictimes.indiatimes.com
  ITC’s foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports…
• ETRetail Shopfwd Awards: Celebrating Excellence in Fashion and Shopping Malls
  29 June 2024, retail.economictimes.indiatimes.com
  The ET Retail Shopfwd Awards 2024 served as a testament to the excellence prevalent in the fashion retail and shopping centres sector, celebrating the innovative and impactful contributions of brands and individuals…
• Amazon Fresh focuses on quality, consumer savings as it expands operations
  29 June 2024, thehindubusinessline.com
  Amazon Fresh’s is betting on its savings for consumers and superior quality of fruits and vegetables and planned purchases to command a significant market share, as the company expands its operations to 130 cities said a senior executive to businessline…
• 59% of German companies plan new investments in India this year
  29 June 2024, retail.economictimes.indiatimes.com
  India is becoming a favored investment destination for German companies, with 59% planning to increase investments this year. Expectations are high, with 78% anticipating rising sales and 55% forecasting higher profits. Factors driving this trend include low labor costs, political stability, and availability of qualified specialists…
• AABL to expand portfolio with launch of premium whiskey Hillfort and Kultur, entering 5 new states
  29 June 2024, thehindubusinessline.com
  Leading distillery Associated Alcohols & Breweries Ltd. (AABL) is set to launch its new premium whiskey Hillfort in markets across Maharashtra, Goa, Uttar Pradesh, Assam, and Tripura in the next six months…
• Tata Trent’s Samoh Launches Second Store in Bengaluru
  29 June 2024, indianretailer.com
  Samoh, the esteemed ethnic wear brand under Trent Ltd., has unveiled its second store in Bengaluru, located in the bustling neighborhood of Jayanagar…
• SAMOH Launches Its Second Outlet in Jayanagar, Bengaluru
  29 June 2024, indianretailer.com
  SAMOH, the sophisticated occasion wear brand under Trent, has unveiled its second store in the bustling Jayanagar neighborhood of Bengaluru. This new location represents a significant milestone in SAMOH’s mission to bring luxury fashion within reach of discerning fashion enthusiasts…
• Davaindia Opens New Store in Lucknow, Expanding North India Presence
  29 June 2024, indianretailerindiatimes.com
  Davaindia, India’s leading private generic pharmacy retail chain and a brand under Zota Healthcare Ltd, has opened its new store in Lucknow. This new outlet signifies a significant enhancement of Davaindia’s footprint in North India, now totaling 390 stores across the region…
• Scotch vs. Whisky: The Key Differences Explained
  29 June 2024, indianretailer.com
  Few drinks in the spirits world are as fascinating and exciting as Scotch or Whisky. These cherished beverages are not just about what’s in the glass—they’re about the stories they tell, the cultures they represent, and the art that goes into every drop…
• How OMA and Zwiesel Glas Aim to Redefine Home Luxury
  29 June 2024, indianretailer.com
  Luxury is not just about opulence; it is about transforming lives. This principle has been the guiding force behind the creation of OMA, a premier destination for luxury home accessories in India…
• Company Profile & Success Strategy of India’s Top Retailer
  29 June 2024, indianretailer.com
  DMart, the name that conjures images of overflowing grocery baskets and happy shoppers in India, is more than just a supermarket chain. It’s a retail revolution spearheaded by the enigmatic billionaire, Radhakishan Damani…
• The Evolution of E-commerce in India’s Fashion Industry
  29 June 2024, indianretailer.com
  E-commerce is revolutionizing the fashion landscape in India, making it more accessible and exciting than ever before. Fashion trends are no longer confined to high-end boutiques in major cities; now, with just a few clicks, consumers can explore and purchase from a vast array of high-end and value brands from the comfort of their homes…
• Livpure Partners with Blinkit to Offer Quick Delivery of Personal Air Coolers
  29 June 2024, indianretailer.com
  In a significant move for the retail industry in India, Livpure, a leading home and consumer appliance brand, has announced that the Livpure Chill 22-Litre Personal Air Cooler is now available on Blinkit, a prominent quick commerce platform…
• The Evolution of E-commerce in India’s Fashion Industry
  29 June 2024, indianretailer.com
  E-commerce is revolutionizing the fashion landscape in India, making it more accessible and exciting than ever before. Fashion trends are no longer confined to high-end boutiques in major cities; now, with just a few clicks, consumers can explore and purchase from a vast array of high-end and value brands from the comfort of their homes…
• Unlocking the Potential of Next-Generation Smart Fabrics
  29 June 2024, indianretailer.com
  In a world where technology is seamlessly integrated into every aspect of modern life, the textile industry remains no exception. As the wave of innovation continues to sweep through the ecosystem, the advent of smart fabrics represents a remarkable revolution…
• gobbleright Unveils New Line of Gut-Friendly, Gluten-Free, and Vegan Options
  29 June 2024, indianretailer.com
  Mumbai-based startup gobbleright has unveiled an exciting array of products tailored for health-conscious consumers seeking delicious yet nutritious alternatives…
• Kinwani House Expands Presence with Opening in Rishikesh
  29 June 2024, indianretailer.com
  Kinwani House, a luxurious boutique property nestled in the foothills of the Himalayas, celebrated its grand opening in Rishikesh. This architectural masterpiece, now part of the esteemed Aalia Collection by JPL Group under the guidance of Aditya Lakhanpal, opened its doors to guests seeking a blend of historical charm and modern comfort…
• Neeta Lulla Introduces Latest Collection ‘Leher’
  29 June 2024, indianretailer.com
  Renowned designer Neeta Lulla, celebrated for dressing Bollywood royalty and gracing countless red carpets, has unveiled her latest collection, “Leher.”..
• Clinikally Launches Same-Day Delivery in Partnership with Zippee
  29 June 2024, indianretailer.com
  Clinikally, India’s rapidly expanding e-pharmacy platform for skin and hair care, has recently announced a strategic partnership with Zippee to offer same-day delivery to its customers…
• FMC India Unveils New Plant Disease Solutions for Fruits and Vegetables
  29 June 2024, indianretailer.com
  FMC India, a leading agricultural sciences company, has announced the launch of two new products, VELZO and COSUIT fungicides. These innovative solutions are designed to protect fruit and vegetable crops from destructive fungal diseases right from the start of the crop cycle…
• Zomato launches platform to offer hiring, regulatory services to restaurants
  28 June 2024, retail.economictimes.indiatimes.com
  Zomato’s move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative…
• Shopfwd Summit 2024: Paving the Future of Fashion Retail and Shopping Centres
  28 June 2024, retail.economictimes.indiatimes.com
  The ETRetail Shopfwd Summit 2024 in Mumbai, gathered an impressive assembly of the top minds in the fashion retail industry and shopping mall development. The event, attended by owners, MDs, and CXOs, showcased a series of discussions and panels aimed at deciphering the future trajectory of the retail sector…
• H&M to offer more discounts as it battles to revive sales
  28 June 2024, retail.economictimes.indiatimes.com
  On Thursday, H&M said external factors – such as material costs and currency moves – were making the 10% margin goal more difficult to reach this year, and that it needed to ramp up sales growth to get there…
• Coca-Cola elevates Arnab Roy to a global role
  28 June 2024, thehindubusinessline.com
  Coca-Cola has elevated Arnab Roy, who has been spearheading marketing at the India and Southwest Asia units, to a global role. Roy, who has been with the beverage major for over 23 years, has been named President of the Coca-Cola global category…
• Urban Company expects revenue of Rs 1,140 cr in current fiscal
  28 June 2024, retail.economictimes.indiatimes.com
  “Urban Company is now fully profitable at the company level. In April, we achieved this goal. For the April-June quarter, we are fully profitable. The 4 per cent PBT (profit before tax) that we had is at the company level and not at the India level. India is obviously much higher. The second largest market outside of India is the UAE which is almost at the cusp of profitability,” CEO Abhiraj Singh Bhal said…
• Japanese alcoholic beverage maker Suntory sets up India subsidiary
  28 June 2024, retail.economictimes.indiatimes.com
  Suntory India, led by Tak Niinami, expands its iconic beverage brands like Yamazaki and Jim Beam in India. With a revenue of USD 20.9 billion, Suntory aims to cater to India’s growing market through a wide range of offerings including spirits, wines, and beers…
• ONDC to touch 10 million transactions in June: official
  28 June 2024, retail.economictimes.indiatimes.com
  Shireesh Joshi, ONDC’s president said the company will touch 10 million transactions in June. ” We are growing strong, adding about one million transactions month-on-month,” he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future…
• H&M net profit jumps 52% in second quarter
  28 June 2024, retail.economictimes.indiatimes.com
  H&M posted on Thursday a 52% jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs. Sales rose by three percent to 59.6 billion kronor at the world’s second biggest fashion retailer after Zara owner Inditex…
• Q1 performance for PVR to be quite muted for FY25: Karan Taurani
  28 June 2024, retail.economictimes.indiatimes.com
  ​I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative…
• Coke is still a challenger brand in India and that mindset helps: John Murphy, Global President, Coca-Cola
  28 June 2024, retail.economictimes.indiatimes.com
  “India is a good example. Today we talk about the opportunity in India, brand Coca-Cola is still a challenger brand in India. And it’s – one of the hardest tasks we have is to take on.” the beverages maker’s global president and chief financial officer, John Murphy, said at a recent consumer conference in Paris…
• Bosch weighs offer for appliance maker Whirlpool, sources say
  28 June 2024, retail.economictimes.indiatimes.com
  Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8 billion, one of the sources said…
• Titan Eye+ to resume expansion strategy amid growing eyewear market
  28 June 2024, retail.economictimes.indiatimes.com
  Titan Eye+, an eyewear retailer, will resume network expansion from July. The company, an arm of Titan, has over 900 stores across 350 cities and recorded earnings of INR 707 crore in fiscal year 2023-24. The company is aiming to expand its premium eyewear market share to 10% or less, with the launch of retail store Runway for premium sunglasses…
• Adani group to press the pedal on its retail play through super app
  28 June 2024, business-standard.com
  With an existing consumer base of 400 million across airports, electricity and gas distribution businesses, the Adani group is revving up its retail play. It is planning to use the 2.4 billion consumer interactions a year with group companies to push various products and services…
• Private consumption seen growing, concerns on capex growth: Morgan Stanley Research
  28 June 2024, retail.economictimes.indiatimes.com
  India’s Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre-pandemic trend and remains below the pre-pandemic average of 6.3% in 2019…
• AC industry faces raw material shortage, supply chain issues: Bluestar MD
  28 June 2024, moneycontrol.com
  This year’s summer was a record-breaker in terms of the extent of the heat wave across large parts of the country. And while that normally spells good news for air conditioner manufacturers, the soaring demand has led to raw material shortages, according to Bluestar MD B Thiagarajan…
• Reliance Retail sets the ball rolling on delivery in an hour, starts pilot service in Mumbai, Navi Mumbai
  28 June 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s Mumbai delivery service aims for quick fulfillment in 30-45 minutes, integrating with kirana stores for wider reach. The company is utilising technology platforms like FYND and Locus for efficient operations…
• Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up
  28 June 2024, retail.economictimes.indiatimes.com
  “There is a strategic reason for not making any equity infusion even as organisational changes are being made,” said one of the persons. “However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place.” Registrar of Companies (RoC) filings obtained through business intelligence platform Tofler show group holding company Tata Sons didn’t invest in Tata Digital in FY24…
• FMCG sector to have sustained growth rate of 7-9% in 2024: Report
  28 June 2024, retail.economictimes.indiatimes.com
  The FMCG industry was struggling after the pandemic and the rural sector was having successive degrowth for some quarters. However, the industry navigated through showcasing resilience and adaptability amidst evolving consumer trends and witnessed a notable upswing in volume and value growth in the second half of 2023…
• Livspace Unveils Vinciago to Tap into India’s Growing Premium Housing Market
  28 June 2024, indianretailer.com
  Livspace, a leading home and consumer appliance brand in India, has announced the launch of “Vinciago,” a premium interior design brand…
• Miraj Cinemas Expands in Tamil Nadu with New Multiplex in Chennai
  28 June 2024, indianretailer.com
  Miraj Cinemas, India’s fastest-growing and third-largest national multiplex chain, has launched a new four-screen multiplex at Sekaran Mall in Chennai. This expansion marks Miraj’s second property in Tamil Nadu, bringing its total to nine screens in the state…
• Columbia Sportswear Opens First Flagship Store in Delhi’s Connaught Place
  28 June 2024, indianretailer.com
  Columbia Sportswear, globally renowned for its outdoor apparel and gear, has announced the grand opening of its newest outlet in the heart of Delhi, Connaught Place…
• Baggit Opens 100th Store in Vijayawada
  28 June 2024, indianretailer.com
  Baggit, India’s leading eco-friendly handbag and accessory brand, announces the opening of its 100th store in Vijayawada, Andhra Pradesh. This new 400 sq. ft. store aims to cater to the growing demand for sustainable products in the region…
• How Online Shoppers are Splurging on Beauty Essentials
  28 June 2024, retail.economictimes.indiatimes.com
  The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
• Top 10 Men’s Clothing Brands Every Stylish Man Should Check Out
  28 June 2024, indianretailer.com
  Today it is not just women who like to style themselves, men are equally experimenting and trying on new fashion available in the market. Earlier, limited information, social and economic limitations and utilitarian needs were certain issues that restricted men from exploring their style…
• How to Start a Jewellery Business : 9 Steps to Market and Grow
  28 June 2024, indianretailer.com
  The global jewellery market, valued at $353.26 billion in 2023, is on a growth trajectory, expected to expand at a compound annual growth rate (CAGR) of 4.7 percent from 2024 to 2030…
• Cosmetics Craze: How Online Shoppers are Splurging on Beauty Essentials
  28 June 2024, indianretailer.com
  The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
• 4 Key Reasons to Drive Growth in Restaurant Biz
  28 June 2024, indianretailer.com
  The restaurant industry has undergone significant changes in the past ten years, mainly because of new technology and shifting guest preferences…
• Heinz and Kate Spade New York Launch Sizzling Capsule Collection
  28 June 2024, indianretailer.com
  Heinz and Kate Spade New York have announced an exciting global partnership, introducing a limited-edition collection just in time for summer…
• Nita M. Ambani Envisions India House as a Reflection of India’s Progress in the Olympics
  28 June 2024, retail.economictimes.indiatimes.com
  The upcoming Paris 2024 Olympics, just a month away, are poised to mark several historic milestones, with one particularly significant for India: the debut of India House, the first-ever country House at the Olympic Games…
• Madame Unveils Bridgerton Collection: Regency Meets Modern Fashion
  28 June 2024, indianretailer.com
  Madame, the premium womenswear fashion brand, has unveiled an exciting new collaboration with Shondaland at Netflix, launching a capsule collection inspired by the popular Bridgerton series…
• Starbucks Unveils Viral Stanley Cups in India
  28 June 2024, indianretailer.com
  In a groundbreaking collaboration, Stanley and Starbucks are set to make its debut in India, captivating consumers with the highly anticipated Stanley & Starbucks ash green collection…
• Air India and KidZania Launch ‘Junior Aviation Academy’ in Noida And Mumbai
  28 June 2024, indianretailer.com
  Air India, India’s leading global airline, in collaboration with KidZania, the globally acclaimed educational entertainment brand, has announced the launch of the Air India Aviation Academy at KidZania’s theme parks in Noida and Mumbai…
• Cheil India Blends Art and Music in Campaign for Samsung Galaxy Book4 Series
  28 June 2024, indianretailer.com
  Cheil India has launched a new campaign for the Samsung Galaxy Book4 series, showcasing the collaborative journey of popular artists Santanu Hazarika and Medha Shankr…
• The Fern Hotels and Resorts Appoints New Operations Managers
  28 June 2024, indianretailer.com
  The Fern Hotels and Resorts has announced the appointment of new Operations Managers at three of its properties, reinforcing its commitment to operational excellence and guest satisfaction…
• Hyatt Regency Jaipur Mansarovar Enhances Hyatt’s Presence in India
  28 June 2024, indianretailer.com
  Hyatt Regency Jaipur Mansarovar emphasizes Hyatt’s commitment to expanding its brand across urban and resort destinations in India…
• Sterling Holiday Resorts Launches Emerging Leaders Development Program
  28 June 2024, indianretailer.com
  Sterling Holiday Resorts, a prominent leisure hospitality brand in India, has announced its Emerging Leaders’ Development Program in collaboration with the Indian School of Hospitality (ISH)…
• Sheraton Grand Pune Welcomes New Front Office Manager
  28 June 2024, retail.economictimes.indiatimes.com
  Sheraton Grand Pune Bund Garden Hotel has appointed Sarfrazuddin Khan as its new Front Office Manager, reaffirming its commitment to delivering outstanding guest experiences…
• Shangri-La Eros New Delhi Launches In-House Water Bottling Plant ‘Essence’
  28 June 2024, indianretailer.com
  Shangri-La Eros New Delhi has introduced its in-house water bottling plant, ‘Essence’, in a strategic move to reduce its carbon footprint and enhance eco-friendly practices…
• Motilal Oswal Sets Rs 680 Target for Indian Hotels Co Ltd
  28 June 2024, indianretailer.com
  Motilal Oswal has recommended a buy call on Indian Hotels Company Ltd. with a target price set at Rs 680, compared to the current market price of Rs 638.3…
• Top 10 Men’s Clothing Brands Every Stylish Man Should Check Out
  28 June 2024, retail.economictimes.indiatimes.com
  Today it is not just women who like to style themselves, men are equally experimenting and trying on new fashion available in the market. Earlier, limited information, social and economic limitations and utilitarian needs were..
• How to Start a Jewellery Business : 9 Steps to Market and Grow
  28 June 2024, indianretailer.com
  The global jewellery market, valued at $353.26 billion in 2023, is on a growth trajectory, expected to expand at a compound annual growth rate (CAGR) of 4.7 percent from 2024 to 2030…
• How Online Shoppers are Splurging on Beauty Essentials
  28 June 2024, indianretailer.com
  The beauty industry, often relegated to the back of the shopping list, has finally found the spotlight. Emerging from the shadows, the new-age digital shopper today is seeking out the luxury of cosmetics and adding them to their carts first, before the practical items…
• Top 10 Retail Companies in India : Sector to Hit $1,407B by 2026
  28 June 2024, retail.economictimes.indiatimes.com
  The retail industry in India is essential for understanding customer preferences and company performance. Knowing the top retail companies in India, their IPO offerings, and current stock prices is crucial…
• Indian Consumers Prioritize Value-Conscious Buys Amid Experiential Spending Surge
  28 June 2024, retail.economictimes.indiatimes.com
  The retail landscape in India is undergoing a significant transformation, driven by shifts in consumer spending dynamics. The emphasis is moving away from traditional product-centric purchases towards experiences and localized innovation…
• How Superkicks is Driving Growth with Offline Expansion & Customer-Centric Innovations
  28 June 2024, indianretailer.com
  While the overall footwear category is extensive, with numerous options for women including sneakers, formals, heels, and open footwear, the premium sneaker segment remains relatively uncrowded…
• Prestige One Appoints Colliers Project Leaders For Quality & Delivery Standards
  25 June 2024, rprealtyplus.com
  Prestige One Developments, a leading name in real estate development, has officially appointed Colliers Project Leaders to bolster its engineering team’s efforts in ensuring exceptional quality and timely delivery of projects…
• Flipkart explored a deal with Swiggy for a pie of quick commerce
  25 June 2024, retail.economictimes.indiatimes.com
  Eight to ten months ago, discussions about a potential investment by Flipkart in Swiggy, two of India’s biggest internet companies in the consumer sector, were underway. This potential alliance was driven by the changing landscape of the market, particularly the rise of quick commerce. However, due to disagreements on valuation, the talks ultimately fell through…
• Shoppers Stop aims to open 60 new INTUNE stores in FY25
  25 June 2024, retail.economictimes.indiatimes.com
  Through INTUNE, Shoppers Stop aims to capitalise on mass premium opportunities, disrupting India’s value fashion landscape, according to the latest annual report of the K Raheja Corp group firm. “We are targeting 60 new stores in FY2024-25 backed by strategic investments in merchandising, store operations, and customer analytics capabilities,” the company said…
• Flour, TV, refrigerator, LPG become cheaper: PM Modi says GST resulted in ‘significant savings’ for poor, common man
  25 June 2024, retail.economictimes.indiatimes.com
  Prime Minister Narendra Modi lauded the impact of Goods and Services Tax (GST) during its seven-year tenure, highlighting its role in improving the lives of 140 crore Indians. He noted GST’s reduction in taxes on essential household items like flour and detergent, enhancing affordability for the common man…
• JioMart partners JASCOLAMPF and JHARCRAFT to showcase Jharkhand’s ingenious crafts
  25 June 2024, retail.economictimes.indiatimes.com
  With this collaboration, JioMart customers can discover and purchase GI-tagged products like famous wood products, bamboo products, dhokra artefacts, terracotta items, lac bangles, cotton handloom, applique work, zardozi work, tasar handloom sarees, men’s shirts, handcrafted bags, bed sheets, paintings and home decor products, the release read…
• IBJA appoints Aksha Mohit Kamboj as vice president
  25 June 2024, retail.economictimes.indiatimes.com
  IBJA appoints Aksha Mohit Kamboj as Vice President, the first woman in the gold and jewellery sector, effective June 22, 2024. Kamboj is an experienced expert in the field of bullion and jewellery. In her new role, Kamboj will play a pivotal role in shaping IBJA’s strategic initiatives, fostering industry collaborations, and advocating for the interests of members nationwide…
• Bata India appoints Neeru Gupta as general counsel to head it’s legal operation
  25 June 2024, retail.economictimes.indiatimes.com
  Meeru Gupta has been appointed as general counsel and head of legal at Bata’s local subsidiary. She brings over two decades of experience, including roles at Varun Beverages and Philips India…
• Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: Prosus
  25 June 2024, retail.economictimes.indiatimes.com
  “Swiggy’s core food delivery business GOV grew by double digits on healthy order growth and higher average order value. Operating leverage improved as the business added revenue streams like restaurant advertising and introduced nominal platform fees which supported improved operational profitability,” the Dutch-listed investment firm said in its annual report…
• Amul to launch organic tea, sugar & jaggery
  25 June 2024, thehindubusinessline.com
  The Gujarat Cooperative Milk Marketing Federation (GCCMF) is set to expand its “organic” product portfolio by launching Amul Sugar, Jaggery and Tea in the next one month…
• Consumer durables demand sparks bank lending boom in India
  25 June 2024, retail.economictimes.indiatimes.com
  The total portfolio of consumer durable loans across all regions has swelled from Rs 13,969 crore in March 2019 to Rs 40,432 crore by March 2024, indicating an overall growth rate of 190%…
• IKEA gears up for Delhi-NCR launch with strengthened supply chains, better demand forecasting
  25 June 2024, retail.economictimes.indiatimes.com
  A lot has been happening at Ikea. It’s never a dull moment right now. One thing that we are really looking forward to is our launch in the Delhi NCR market- said Saiba Suri, Country Customer Fulfilment Manager, IKEA India…
• Richa Ahluwalia Opens Store in Delhi’s Defence Colony
  25 June 2024, indianretailer.com
  In a grand unveiling, celebrated fashion designer Richa Ahluwalia has introduced her flagship store in the prestigious Defence Colony area of the national capital. This luxurious boutique is set to redefine the landscape of bridal fashion, offering an extensive array of opulent bridal lehengas and occasion wear…
• Snitch Opens 10th Store in Hyderabad
  25 June 2024, indianretailer.com
  Snitch has opened its 10th exclusive store in Hyderabad at Sarath City Capital Mall. This new store spans 3,400 square feet of retail space, aiming to provide an engaging shopping experience for fashion enthusiasts in the city…
• Bollywood Icons’ Brands Valued at $1.9 Billion in 2024! Guess Who’s Number One!
  25 June 2024, indianretailer.com
  Bollywood has always been hugely popular in India and has a significant impact on the lives of young people. Celebrities hold a lot of sway in the country, making it easy for them to enter the Indian retail market with their brands…
• Hansgrohe Group Targets 100 pc Paper Packaging by 2025
  25 June 2024, indianretailer.com
  The Hansgrohe Group plans to switch to paper product packaging in Germany by the end of 2025, opting for recyclable cardboard and paper elements instead of plastic. This move supports the increasing demand for sustainability in the retail and manufacturing sectors in India and globally…
• Sky Gold Ltd Acquires Starmangalsutra and Sparkling Chains
  25 June 2024, indianretailer.com
  Sky Gold Ltd, one of India’s leading jewelry companies, has acquired Mumbai-based Starmangalsutra Private Limited and Sparkling Chains Private Limited. This acquisition enhances Sky Gold’s market visibility and broadens its range of high-quality jewelry known for expert craftsmanship…
• Amul Plans to Broaden Product Range in U.S. Market
  25 June 2024, indianretailer.com
  The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the renowned Amul brand, is preparing to expand its product offerings in the U.S. market…
• Why Indian D2C Beauty Brands Are Thriving: 3 Key Factors Driving Success
  25 June 2024, indianretailer.com
  In recent years, the direct-to-consumer (D2C) beauty market has witnessed an unprecedented surge in growth, dispelling any notions of market saturation. So much so, that celebrities from across the globe have begun to dabble in this industry, launching their own beauty brands…
• ShopClues Expands Cross-Border E-Commerce to North America and Europe
  25 June 2024, indianretailer.com
  ShopClues, the Indian e-commerce platform owned by Singapore-based Qoo10, is advancing its rebranding efforts as a cross-border e-commerce platform by targeting the North American and European markets…
• Titan Unveils Expansion Plans for Tanishq, Taneira, and Other Brands This Year
  25 June 2024, indianretailer.com
  Tata Group’s Titan Company Ltd has announced ambitious expansion plans across its brand verticals, with a strong focus on the jewelry brand Tanishq and the saree label Taneira for this year…
• Ecommerce sellers count on cash-flow gains from GST cut
  24 June 2024, retail.economictimes.indiatimes.com
  Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators…
• Actor Rana Daggubati introduces tequila brand Loca Loka in the US market; eyes breakeven in next 12 months
  24 June 2024, retail.economictimes.indiatimes.com
  Initially, the partners have invested US$5 million and plan to double the investment in the next one year…
• Polls and weather take a toll on smartphone sales in June quarter
  24 June 2024, retail.economictimes.indiatimes.com
  The smartphone market in the June quarter is likely to be tepid due to the impact of elections, heatwaves, and floods, leading some market experts to lower their growth outlook for 2024 smartphone shipments. Analysts expect a slowdown in Q2 shipments compared to Q1 due to fewer launches and adverse weather conditions. Counterpoint Research forecasts a 3-5% decline in Q2 shipments, with a revised annual forecast of 152 million units, reflecting a 3% year-on-year growth, down from the initial 5% growth prediction…
• AI’mpowering the Indian retail strategy
  24 June 2024, retail.economictimes.indiatimes.com
  It is established that retail stores also play an integral role in building trust in a brand in the country. And the success of retail chains and brands is equally pillared by customer support in tandem with product/services. This puts the idea of continuously working towards elevating customer experience and ensuring support at necessary touch points a cornerstone when formulating brand strategies…
• Sweet Profits, Bitter Reality: Who gains the most from the cocoa price surge?
  24 June 2024, retail.economictimes.indiatimes.com
  The cocoa industry is facing significant shifts as cocoa prices soar, driven by poor harvests in West Africa. While prices have surged to record highs, small-scale producers in regulated countries like Ivory Coast and Ghana see limited benefits due to pre-set prices. Meanwhile, less regulated countries like Cameroon and Nigeria gain more from market trends. Major processors struggle with high costs and production slowdowns…
• FSSAI plans 24-hour licence issuance for traders, distributors
  24 June 2024, livemint.com
  The Food Safety and Standards Authority of India (FSSAI) aims to expedite licensing for traders and distributors, and may soon start issuing licences within 24 hours of application, to improve ease of doing business…
• Daikin to sell 2 million units of AC in FY25, expand manufacturing capacity of compressors
  24 June 2024, retail.economictimes.indiatimes.com
  Daikin is focused on increasing its localisation level, leveraging the PLI scheme for the air conditioning sector. The company plans to enhance local manufacturing of PCB circuits to achieve this goal…
• Sustainable Future in Fashioning: The Emergence of Eco-Friendly Fabrics
  24 June 2024, indianretailer.com
  In an era marked by heightened environmental consciousness, the fashion industry is undergoing a significant transformation. The traditional approach to clothing production, which often prioritized profit over sustainability, is giving way to a more eco-conscious ethos…
• Camaro’s Expansion Plans Extend to the Western and Northern Regions
  24 June 2024, indianretailer.com
  Camaro, a well-established denim and casual wear brand hailing from the city, is charting a course for significant growth with plans to extend its footprint into the western and northern regions of India…
• Denim Beyond Definition: Lee X Suneet Varma Collection
  24 June 2024, irecwire.com
  Tailored for a youthful audience, the collection seamlessly integrates Suneet Varma’s signature style with denim essentials, ensuring both artistic integrity and market appeal…
• Those Good Distillers Launch Premium Sipping Rum IDAAYA in India
  24 June 2024, indianretailer.com
  Amidst the resurgence of rum, Those Good Distillers introduce IDAAYA in India, a premium sipping rum rooted in ancient Indian wisdom and crafted in the Himalayas…
• Prestige Estates to raise $598.6 million
  22 June 2024, realty.economictimes.indiatimes.com
  The Indian real estate developer added its board has approved the monetization of its hospitality assets through a share issue and has formed a sub-committee to oversee the process…
• Not e-comm alone, one has to be in modern trade, in kirana stores also to build scale: Sunil D’Souza, Tata Consumer
  22 June 2024, retail.economictimes.indiatimes.com
  Today’s consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also MD & CEO Sunil D’Souza of Tata Consumer said…
• FMCG spends up 18% in two years due to inflation- Kantar
  22 June 2024, retail.economictimes.indiatimes.com
  “Inflation might have slowed down to acceptable levels, but its effects are not lost on the consumer. Groceries are the biggest household expense, accounting for over 24% of all quarterly expenses in a household. The spending on the category increased by 19%. This means since the last round, the jump in household spending translates to Rs 2,000 quarterly,” said the Kantar report…
• Online phone sales pick up in April, may hot up in summer
  22 June 2024, retail.economictimes.indiatimes.com
  Online smartphone sales surged in April after a dip in Q1 2024, driven by Chinese brands shifting focus to online channels, as reported by Counterpoint Research…
• Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
  22 June 2024, retail.economictimes.indiatimes.com
  India’s jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in the products due to hallmarkin