ONLINE NEWS

• PVR Inox adds 77 screens, exits 67 underperformers amid shift to capital-light model
  07 February 2025, retail.economictimes.indiatimes.com
  Multiplex chain PVR Inox expanded its net screen count by 10, adding 77 new screens and closing 67 underperforming ones by December 2024, transitioning to a capital-light model. With a reduced capex of ₹400 crore for the year ending March 2025, the company plans to open 100-110 screens annually, aiming for strategic growth while optimizing costs…
• Trent to sell stake in Massimo Dutti India venture
  07 February 2025, retail.economictimes.indiatimes.com
  Tata-owned Trent plans to sell a 29 per cent stake in its joint venture running Massimo Dutti in India, retaining a 20 per cent share post-transfer. Despite recent share drops due to slow sales growth and market competition, Trent remains committed to expanding and enhancing its store portfolio, posting significant revenue and profit increases last quarter…
• ITC signs agreement to acquire frozen food player Prasuma
  07 February 2025, retail.economictimes.indiatimes.com
  This would be the fifth major acquisition in the FMCG space in 7-8 years by ITC, after Savlon, Nimyle, Sunrise and Yogabar. ITC will initially acquire 43.8% stake in the company for Rs 131 crore, which translates into a valuation of close to Rs 300 crore for the food company…
• ​​Men’s workwear startup Harfun plans expansion across channels, targets Rs 100 cr GMV by FY26
  07 February 2025, retail.economictimes.indiatimes.com
  Harfun, a men’s workwear startup, plans to expand both online and offline, aiming for Rs 100 crore GMV by the end of the next fiscal year. With plans for a new store in Delhi NCR and international expansion to Dubai, Harfun focuses on practical, utility-driven products and continuous innovation through technology and research collaborations…
• 27 new foreign retail brands entered India in 2024
  07 February 2025, brandequity.economictimes.indiatimes.com
  In 2024, 27 new international retail brands entered India, driven by growing luxury demand, nearly doubling from 2023. Key categories included beauty, fashion, and accessories. Delhi-NCR emerged as a top destination, with high-end brands leasing significant space. The influx is fueled by rising urbanization, disposable income, and shifting shopping preferences, enhancing India’s dynamic retail market…
• High alcohol prices and licence auctions: Yogi approves 12 key changes in new excise policy
  07 February 2025, financialexpress.com
  The government has set an ambitious excise revenue target of Rs 55,000 crore, an increase of Rs 4,000 crore from the previous year. This would mean an increase in alcohol prices in the state once the policy is implemented. ..
• Liquor bottles may carry stronger health warnings; FSSAI in talks
  05 February 2025, retail.economictimes.indiatimes.com
  The FSSAI is in early discussions with liquor companies to implement new warning labels on alcohol bottles. Bombay High Court also issued a notice to FSSAI regarding cancer warnings on liquor bottles. Industry executives argue that existing health warnings are sufficient and additional warnings are unsubstantiated…
• Colgate CEO points to urban warfare via deep discShein India data to remain here, will sell products manufactured by Reliance Retail armounts
  05 February 2025, retail.economictimes.indiatimes.com
  Shein India app, launched by Reliance Retail’s subsidiary Nextgen Fast Fashion, partners with Indian MSMEs to manufacture and sell products locally and globally. The platform, developed and hosted in India, ensures data localization and offers no access to Shein. This initiative aims to boost Indian MSME exports and create local jobs…
• Nexus Select Trust’s net operating income up 6% in Q3 FY25
  05 February 2025, realty.economictimes.indiatimes.com
  The company’s Net Operating Income (NOI) rose 6 per cent to Rs 441.6 crore in the third quarter of this fiscal year. Nexus Select Trust is India’s first publicly listed retail Real Estate Investment Trust (REIT)…
• India in 2025 a marketer’s paradise,” Mukta Maheshwari, P&G India
  05 February 2025, brandequity.economictimes.indiatimes.com
  The February 1, 2025 edition of ET Brand Equity’s digital cover features Mukta Maheshwari—CMO; VP & Category Head, Fabric Care, P&G India. The FMCG leader highlights the importance of remaining focused to the core objectives of marketing – growing the category. The battle is no longer just about market share—it’s about winning consumer trust in an environment where personalisation, digital acceleration, and purpose-driven branding are shaping new expectations…
• Finance Ministry bans use of ChatGPT, DeepSeek for official purposes. Here’s why
  05 February 2025, livemint.com
  Finance Ministry has asked its employees to avoid using AI tools such as ChatGPT and DeepSeek for official purposes because of the risks these chatbots pose to the confidentiality of government documents and data, Reuters reported, citing an internal department advisory…
• The rise of data-driven influencer marketing
  04 February 2025, brandequity.economictimes.indiatimes.com
  Influencer marketing in India, valued at over 12 billion rupees, is expected to grow significantly, driven by data insights rather than follower counts. Brands use audience demographics, engagement rates and content relevance to select influencers and employ real-time analytics for campaign optimisation and post-campaign evaluation to ensure maximum ROI, says the author…
• Colgate CEO points to urban warfare via deep discounts
  04 February 2025, brandequity.economictimes.indiatimes.com
  Colgate-Palmolive CEO Noel Wallace highlighted intense discounting wars among consumer goods companies in India due to sluggish urban demand. Despite market share gains by competitors like Dabur, Colgate remains optimistic about future growth…
• Nestle brews plans to bring Starbucks to retail outlets
  04 February 2025, brandequity.economictimes.indiatimes.com
  Nestle is considering introducing Starbucks’ ready-to-drink coffee products in India’s retail market as part of their global partnership. This move aims to capitalize on the growing coffee consumption trends in India, despite it being a predominantly tea-drinking nation, and could include products like wholebean, roast, and ground coffees. The deal does not impact Starbucks’ joint venture with Tata Consumer Products to operate Starbucks cafes in India…
• Empowering AI education: Bridging skills, digital governance, and ethical innovation
  03 February 2025, brandequity.economictimes.indiatimes.com
  AI’s immense economic potential by 2030 necessitates robust digital literacy and governance. Diverse frameworks tailored to regional needs, like Prahalad’s ‘BoP’ in India, ensure inclusivity. Effective AI education should bridge talent gaps and promote ethical data practices. Cross-sector collaboration and prioritising user rights are key to an equitable AI-driven future…
• Is the Hindi Film Industry heavily dependent on big budget event films?
  03 February 2025, brandequity.economictimes.indiatimes.com
  Indian film industry shows a growing dependency on big-budget event films, with the top ten films’ contribution to total box office collections rising significantly to 41% in 2024. The trend highlights the increasing divide between high-budget spectacles and smaller, content-driven films in attracting theatrical audiences…
• Reliance brings Shein back to India after 2020 app ban
  03 February 2025, retail.economictimes.indiatimes.com
  Reliance Retail has launched Shein’s Chinese fast fashion label in India through an independent app, following a test run on Ajio. Despite Shein’s origin and previous ban, government clearances have been obtained with agreements ensuring local manufacturing. The Indian fast fashion market is set to grow significantly, reaching $50 billion by FY31…
• H&M must raise the bar to counter fierce fast-fashion competition, says CEO
  03 February 2025, brandequity.economictimes.indiatimes.com
  H&M CEO Daniel Erver emphasizes the need to enhance quality and trendiness of their clothing to stay competitive in the fast-fashion market. The retailer is investing in marketing strategies, including partnerships with pop stars and social media influencers, to attract younger, fashion-conscious consumers and improve market share against competitors like Zara and Shein…
• The ‘Beta’ way to market
  29 January 2025, brandequity.economictimes.indiatimes.com
  Generation Beta might still be in diapers, but Gen B, like the generations before it, will irrevocably change consumption, and therefore, marketing, over the next 15 years. For instance, one expert predicts that Gen B, having been raised by mostly Gen Z and late millennial parents, will be more cautious about how much time they spend online and who they trust with their data. Prasad Sangameshwaran speaks to experts on how marketers can unlock the potential of Gen B, without getting locked in the cage themselves…
• Dave & Buster’s signs an exclusive partnership with Malpani Group to enter India
  29 January 2025, retail.economictimes.indiatimes.com
  The company plans to open 15 outlets of the brand across India over the next 5-7 years. The second outlet of the brand spanning across 21,000 sq.ft is scheduled to open in Mumbai in 2025…
• How India’s festivals create unique marketing opportunities for brands
  28 January 2025, brandequity.economictimes.indiatimes.com
  India’s festivals present unique opportunities for brands to engage with consumers. Top brands, like Dettol and Dabur, set up counters during events like Mahakumbh, while Tanishq and Surf Excel create emotional campaigns. E-commerce giants like Amazon and Flipkart leverage sales events. Brands also strengthen regional marketing, collaborate with celebrities, and perform CSR activities to build goodwill….
• Smaller towns driving E-commerce growth; Tier-2 and 3 shoppers glamming up: Report
  28 January 2025, brandequity.economictimes.indiatimes.com
  The report revealed that home decor and furniture items also see 100 per cent order volume growth across tier-3 cities and smaller towns. It also highlighted that nutraceuticals and supplements saw high demand, including anti-hair fall kits, skin toners, metabolism boosters etc. Other popular purchases include self-care items such as body lotions and moisturizers, lip balms, and makeup combos….
• Fast-fashion and premium segments to drive Indian apparel sector growth in FY26
  28 January 2025, retail.economictimes.indiatimes.com
  India’s fashion industry is set for recovery in FY26, with a notable upturn in fast fashion, ethnic wear, and luxury segments. Rising disposable incomes, more weddings, and favorable monsoons are expected to drive demand, particularly in smaller cities. E-commerce growth, Gen-Z’s influence on fashion, and strategic retailer expansions are key factors in this anticipated revival…
• Joker & Witch eyes to be a Rs 500 crore brand in next 4-5 years; plans to go omnichannel
  28 January 2025, retail.economictimes.indiatimes.com
  Currently, Joker & Witch offers watches, sunglasses, jewellery, and other accessories, and going ahead it plans to expand further in the accessories segment which is size-agnostic like bags. Teejh, which offers traditional jewellery, potlis, and clutches, is looking to strengthen its latest offering – sarees…
• Coffee Island debuts in India, aims to transform specialty coffee culture
  28 January 2025, financialexpress.com
  Coffee Island aims to open 20 outlets in metropolitan cities like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad by 2026, scaling up to 250 outlets by 2029, including smaller, high-potential urban markets…
• Coca-Cola recalls drinks across 6 European countries over chemical contamination concerns
  28 January 2025, retail.economictimes.indiatimes.com
  Soft drinks giant Coca-Cola has announced the recall of several products across Europe after discovering higher levels of a chemical known as “Chlorate.” Affected drinks in cans and glass bottles were distributed in Belgium, Britain, France, Germany, Luxembourg, and the Netherlands starting in November 2024…
• Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
  27 January 2025, retail.economictimes.indiatimes.com
  US buyout fund Advent closes in to pick up around 51-75% in Rosy Blue company; may announce deal soon. People familiar with the situation told ET that Orra has been seeking partners to infuse capital and grow the business in India and overseas, amid a larger disruption by new-age brands and lab-grown diamonds…
• German kitchen brand Nolte FZE sees huge potential in India; aims to develop a structured modular kitchen market
  27 January 2025, retail.economictimes.indiatimes.com
  Nolte FZE is amplifying its presence in India with a $2 million investment for brand development, store openings, and workforce training. The company aims to expand its distributor network to 25-30 by 2025 and establish a flagship experience center in Mumbai. Future plans include local production and incorporating e-commerce strategy…
• Rise of the Premium League: Consumers embrace luxury choices despite price hikes
  27 January 2025, retail.economictimes.indiatimes.com
  Despite economic challenges, the demand for premium products such as groceries, spirits, clothing, and shoes remains strong in cities. Companies like Hindustan Unilever and Diageo India report continued growth in the premium segment. Higher-income consumers are driving this trend, with spending on international vacations and weddings also reflecting resilience…
• Soft drinks, ice creams, AC makers scaling up production to match early season demand spike
  27 January 2025, retail.economictimes.indiatimes.com
  As an unusually early summer approaches, manufacturers of seasonal products like air-conditioners, soft drinks, ice creams, and beer are ramping up production. Companies such as Voltas, Varun Beverages, and Amul are increasing capacity and stock replenishment cycles to meet anticipated demand…
• The Diminishing Return of Marketing
  27 January 2025, brandequity.economictimes.indiatimes.com
  Marketers need to recognise the point of diminishing returns and know when to step back and recalibrate their strategies. Emphasis should be placed on understanding the consumer, adapting to new trends and continuously innovating to sustain long-term growth. In an era where digital and Gen Z consumers are the holy grail of marketing, we often become blindfolded by trends and lose sight of the fundamental goal—understanding the consumer…
• NRAI calls on restaurants to adopt ONDC to counter 10-minute delivery by Zomato, Swiggy
  23 January 2025, retail.economictimes.indiatimes.com
  In a townhall meeting on Wednesday, the industry body said it is approaching the courts, the competition watchdog and the government to prevent the roll-out of standalone 10-minute delivery apps by the two food delivery companies…
• Burger Singh eyes South India growth, plans 100 stores in Karnataka over the next 3-5 yrs
  23 January 2025, thehindubusinessline.com
  The QSR burger chain Burger Singh is targeting southern expansion, beginning with its entry into the Bengaluru market. The company plans to open 100 stores in Karnataka over the next 3–5 years, with nearly 50 stores in Bengaluru…
• SheGlam debuts in India market through Reliance Retail’s Tira
  23 January 2025, retail.economictimes.indiatimes.com
  SheGlam aims to redefine affordable glam for Indian consumers. Famed for selling three products every second globally, it has Liquid Blush, Liquid Highlighter, Lipsticks, and Foundation under its portfolio…
• Trends for marketers in 2025
  23 January 2025, retail.economictimes.indiatimes.com
  Digital advertising is evolving in 2025 with increased focus on combating ad fraud, ensuring trust and transparency. Performance-driven metrics will take precedence. Marketers will favor curated inventories due to increasing sophisticated fraud. Advanced technologies and tools will be necessary to maintain efficiency and safeguard investments. Keeping ahead of trends and adapting will be essential for growth…
• How brand newsrooms are reshaping India’s information economy
  23 January 2025, brandequity.economictimes.indiatimes.com
  India’s specialised media landscape is being transformed as brands create newsrooms, hire journalists, and produce high-quality content. This new model leverages proprietary data and domain expertise, attracting top talent and reshaping information dissemination. Traditional media now coexists with brand newsrooms, which invest significantly in-depth and quality coverage, changing how specialised journalism is created and consumed…
• Hindustan Unilever acquires 90.5% stake in beauty brand Minimalist at Rs 2,955 crore valuation
  23 January 2025, brandequity.economictimes.indiatimes.com
  Hindustan Unilever acquires a 90.5 per cent stake in beauty brand Minimalist, valuing it at ₹2,955 crore. Founders, Rahul and Mohit Yadav, will continue managing for two years. The acquisition aims to leverage synergies, focusing on premium segments in the competitive beauty market. This move strengthens HUL’s portfolio in high-growth categories. Regulatory approvals pending, completion expected by June 2025…
• Reliance Consumer Products set to buy SIL’s brands to spice up play; plans to compete with HUL, Cremica & Tata
  22 January 2025, retail.economictimes.indiatimes.com
  Reliance Consumer Products (RCPL) is set to acquire SIL, a packaged foods brand known for products like cooking pastes, jams, and sauces. The acquisition will enable RCPL to expand its national distribution and compete with major players such as HUL and Tata Consumer. RCPL aims to offer competitively priced products and enhance trade margins for retailers…
• Consumer Goods companies step up ad spends in a bid to push sales
  22 January 2025, retail.economictimes.indiatimes.com
  Consumer goods companies are significantly boosting their advertising and marketing budgets by 20% this quarter to meet fiscal year-end sales targets. Key sectors such as automobiles, retail, electronics, and FMCG are driving this increase, with reinvestments from higher profits and strategic campaigns launched for events and seasonal products…
• The ‘cool kids’ in India’s Rs 33,000-cr gaming industry
  22 January 2025, brandequity.economictimes.indiatimes.com
  Globally, companies like Uber, LEGO and even Gucci have embraced gaming, not as a quirky experiment but as a serious marketing channel. Yet in India, most brands appear content buying cheap cost per mile (CPM) impressions on Android games, missing the bigger picture . The author believes that with 568 million gamers, India’s gaming market is a storytelling windfall waiting to be tapped…
• Legion of the regions halts FMCG march
  21 January 2025, retail.economictimes.indiatimes.com
  Regional brands like Balaji Wafers, MTR spices, and Fena detergent experienced a significant slowdown in sales growth during 2023-24 due to broader economic challenges. Previously, these brands had gained substantial market share from established players, especially during the pandemic. Falling commodity prices initially helped regional brands with lower prices but were insufficient to sustain rapid expansion…
• Blinkit’s losses expand as quick commerce firm faces intense competition from the likes of Zepto
  21 January 2025, retail.economictimes.indiatimes.com
  Blinkit, owned by Zomato, incurred an Ebitda loss of Rs 103 crore in the October-December quarter due to its rapid expansion efforts. Despite this, it achieved its target of operating 1,007 dark stores by December 2022 and aims to reach 2,000 by December 2025, accelerating from the initial 2026 target…
• India will protect interests of small, medium enterprises in diamond industry: Piyush Goyal
  21 January 2025, retail.economictimes.indiatimes.com
  Commerce and Industry Minister Piyush Goyal, during his visit to Brussels, asserts India’s commitment to protecting small and medium enterprises in the diamond industry by requesting the EU to extend the deadline for technology-based certification. He emphasizes India’s dedication to a fair Free Trade Agreement and encourages European investors to explore opportunities in India…
• IKEA nails it! 90% deliveries in India via EVs
  21 January 2025, retail.economictimes.indiatimes.com
  IKEA’s commitment to renewable energy in India has saved them nearly ₹100 million in electricity bills and reduced their global climate footprint by 30%. The company plans to increase local manufacturing, grow value addition, and achieve 100% renewable energy for operations in India next fiscal. Furthermore, half of their workforce in India is women…
• Pepsi, Tatas look to spice up snacks market
  20 January 2025, retail.economictimes.indiatimes.com
  PepsiCo and Tata Consumer Products have teamed up to develop and sell packaged snacks, integrating PepsiCo’s Kurkure brand with Tata’s Ching’s Secret. This collaboration aims to compete in the fiercely growing Indian snacks market, which is projected to reach ₹95,521.8 crore by 2032…
• Want to be a leader in every segment we operate in: ITC Chairman Sanjiv Puri
  20 January 2025, retail.economictimes.indiatimes.com
  ITC is focusing on strengthening competitiveness and enhancing innovation through its ‘Next Strategy’ under the leadership of Sanjiv Puri. The strategy emphasizes digitalization, sustainability, and supply chain efficiency to shape a future-ready enterprise, aiming to lead in all segments it operates in…
• Future of communications: Grabbing hearts not eyeballs
  20 January 2025, brandequity.economictimes.indiatimes.com
  Humour is making a comeback in brand communications as it effectively captures attention and loyalty. Gen Z and Gen Alpha prefer relatable, creative brands. AI enhances creative campaigns, enabling ultra-personalised experiences. Geopolitical factors require nuanced strategies. Future communications will blend creativity and strategy to stay memorable in a dynamic, global landscape…
• Kirana is too small to fail
  18 January 2025, retail.economictimes.indiatimes.com
  India’s quick commerce sector, including players like Zomato, Swiggy, Blinkit, and Zepto, is witnessing rapid growth, impacting traditional retail, especially kirana stores. However, the unique business model of kiranas and strategic moves by consumer goods firms suggest both segments can coexist, with each catering to different customer needs. Major players are also expanding into services and new product categories…
• Growth in tier-2 cities helps Apple break into top 5 in India
  18 January 2025, retail.economictimes.indiatimes.com
  Apple’s entry into India’s top five smartphone brands in December 2024 was driven by expanding into smaller towns with aggressive affordability initiatives. The company saw record shipments of 12 million iPhones, bolstered by discounts and a 24-month no-cost EMI option, focusing on previous generation models…
• Aditya Birla’s Indriya looks to add 100 stores in 3 years: CEO
  18 January 2025, financialexpress.com
  The average value of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company’s chief executive officer Sandeep Kohli said…
• Could you sell your dreams? These companies will buy your nightmares too!
  18 January 2025, brandequity.economictimes.indiatimes.com
  Dreams are no longer free from advertisements, as 54% of young Americans have experienced ‘dream ads,’ with brands like Coca-Cola and Apple frequently appearing. Research reveals that companies are intentionally influencing dreams, raising ethical concerns about consumer protection and the commercialization of our subconscious…
• How AI is transforming media manipulation
  17 January 2025, brandequity.economictimes.indiatimes.com
  Call it the age of artificial deception. The rise of deepfake technology, as demonstrated by fabricated videos involving figures like Justin Trudeau and others, has led to widespread misinformation and deception globally. Despite efforts for stricter regulations, these AI-generated videos continue to pose significant threats, emphasising the need for comprehensive legal frameworks and increased public awareness to combat their impact…
• ITC, Zydus and FMCG giants can’t ignore this booming part of India
  17 January 2025, brandequity.economictimes.indiatimes.com
  Rural India is emerging as a key market for FMCG companies due to rising disposable incomes, driven by robust agricultural output and government schemes. Companies are increasing their presence with affordable, smaller pack sizes, catering to the evolving preferences and growing purchasing power of rural consumers, which now demand both essentials and premium products…
• India to cross 900 million internet users this year: IAMAI report
  17 January 2025, brandequity.economictimes.indiatimes.com
  India is set to have over 900 million internet users by 2025, with a majority from rural areas, according to the IAMAI and Kantar report. Despite a slowing growth rate, rural regions now account for 55% of users. OTT streaming apps are the top activity, with digital commerce and payments also seeing significant rural participation…
• Cosmetics outshine fashion, regional markets soar: study
  17 January 2025, brandequity.economictimes.indiatimes.com
  India’s e-commerce sector saw explosive growth in 2024. 396 million orders were delivered. Cosmetics were the top-selling category. Tier 2 and 3 cities drove significant growth. Saturday was the busiest shopping day. The Average Order Value increased to ₹5,000. Return rates declined. Omnichannel strategies grew. Predictions indicate 444 million orders for 2025…
• Spencer’s launches quick commerce service ‘Jiffy’ in Kolkata
  7January 2025, retail.economictimes.indiatimes.com
  The company looks to deliver 20,000 products in under 30 minutes, said the chairman of Spencer’s, Shashwat Goenka. He said Spencer’s would be able to achieve positive profit-after-tax within the next two fiscals…
• FMCG cos tailor price points for quick commerce to protect Kirana stores
  17 January 2025, retail.economictimes.indiatimes.com
  Consumer goods firms like Parle Products, HUL and ITC are creating exclusive product packs for quick commerce platforms to protect kirana stores and cater to changing shopping habits. These packs are priced higher and tailored for online consumers, reducing conflict with traditional retail channels. Quick commerce’s sales contribution has surged, prompting scrutiny from distributors and consumer goods firms…
• Apple launches new app for Indian stores to offer personalised shopping
  17 January 2025, business-standard.com
  Apple has launched a dedicated app for its official stores in India, offering customers a new and more personalised shopping experience. The app is now available for existing Apple users in the country and provides tailored recommendations to make browsing and purchasing more seamless, according to a report by The Economic Times. ..
• Reliance to take Campa overseas to add more zing to cola business
  16 January 2025, retail.economictimes.indiatimes.com
  Reliance Industries will introduce Campa Cola in the Middle East, starting with Bahrain and expanding to countries like Oman and Saudi Arabia. This strategy aims to compete with Coca-Cola and PepsiCo, who are currently hit by a boycott of American products. Reliance also plans to explore local partnerships for bottling Campa in the region…
• Sued over Schezwan: Tata-owned Capital Foods takes Dabur to Delhi HC over ‘Schezwan Chutney’
  16 January 2025, retail.economictimes.indiatimes.com
  The Delhi High Court has issued notice to Dabur India on Tata-owned Capital Foods’ plea alleging trademark infringement over “Schezwan Chutney.” Capital Foods claims Dabur’s Schezwan 2024 misleads consumers and infringes its trademark. Dabur contests the registration, arguing the term is generic and descriptive…
• Weak demand, inflation weigh on retail sector: Kavindra Mishra, Shoppers Stop MD
  16 January 2025, retail.economictimes.indiatimes.com
  India’s retail market saw slower demand post-Diwali due to persistent inflation despite a festive boost, affecting retail giants like Shoppers Stop. Although premium segments showed growth, overall consumer sentiment remained subdued. Industry experts predict recovery by FY26 with improved income levels and controlled store expansions…
• Branded firms facing rising tide of private labels in crowded market
  16 January 2025, retail.economictimes.indiatimes.com
  To be sure, private labels are not new. According to the Deloitte-FICCI report on ‘Spurring growth in FMCG, retail and ecommerce sectors in India’, private labels represent 4% of total retail sales, of which 70% belong to food categories…
• Organized jewellery sector expected to see growth in high teens; may reach 50% market share by FY29: Ind-Ra
  16 January 2025, retail.economictimes.indiatimes.com
  Organized jewellers in India are poised for significant revenue growth by FY26, driven by steady demand, strategic expansion, and market share gains. The sector is expected to capture 50% of the market by FY29, with improved credit metrics and robust growth in tier-2 and tier-3 cities…
• Tata Cliq to bring Guess Jeans in India
  16 January 2025, retail.economictimes.indiatimes.com
  Tata Cliq has partnered with Guess to launch Guess Jeans in India. Guess Jeans will be available through Tata Cliq’s physical stores and digital platforms. This partnership aims to expand the brand’s presence in India. Tata Cliq is committed to offering an elevated brand experience. The launch of Guess Jeans marks a key milestone in Guess’s global growth strategy…
• India’s restaurant industry shows signs of recovery; International brands will have edge: Report
  16 January 2025, retail.economictimes.indiatimes.com
  The Indian restaurant industry is recovering and showing growth, spurred by increased discretionary spending, evolving demographics, and more women in the workforce. International brands benefit from broader appeal and lower rent costs. The upcoming Union Budget could further boost the sector, particularly if it includes personal income tax cuts…
• Asus strengthens metro presence through quick-commerce
  16 January 2025, retail.economictimes.indiatimes.com
  Asus has partnered with quick commerce platform Zepto to deliver its accessories, such as mouse and keyboards, in major Indian cities including Delhi-NCR, Mumbai, Chennai, and Bengaluru. Vice-president of Asus India, Arnold Su, highlighted the growing demand for ultra-fast deliveries in urban areas and plans to expand to platforms like Blinkit and Instamart…
• Why did PUMA rebrand itself as PVMA ?
  16 January 2025, brandequity.economictimes.indiatimes.com
  PUMA India rebrands to ‘PVMA’ to honor its collaboration with badminton star PV Sindhu, marking its entry into badminton with a specialized range of products. This partnership, launching at the India Open 2025, aims to elevate Indian badminton, leveraging Sindhu’s star power and PUMA’s innovative approach. This unprecedented activation also heralds PUMA’s official entry into badminton and positions India as a pioneer within the global PUMA ecosystem for the racquet sport…
• Strong demand anticipated in apparel and footwear sector in second half of FY25: Report
  16 January 2025, brandequity.economictimes.indiatimes.com
  Retailers of apparel and footwear industry are anticipating strong demand in the coming months. Buoyed by the festive season, an increased number of wedding dates, and signs of improving consumer sentiment, the industry is looking forward to a positive second half of FY25, says a report by Phillip Capital…
• Suitor PepsiCo joins Haldiram Snacks queue; US execs in direct talks with Aggarwal family
  15 January 2025, retail.economictimes.indiatimes.com
  PepsiCo has recently entered negotiations for a minority stake in Haldiram Snacks Food, competing with contenders Temasek and Alpha Wave Global. The Aggarwal family, seeking their first external investment, expects a valuation of Rs 85,000-90,000 cr. PepsiCo aims to leverage Haldiram’s market strength in ethnic snacks…
• India said to promote its textiles as political crisis hits Bangladesh’s exports
  15 January 2025, retail.economictimes.indiatimes.com
  India plans to enhance its textile and garment industry with financial support, reduced tariffs on crucial inputs, and local production incentives in its upcoming budget. The political turmoil in Bangladesh has led global retailers to consider India as an alternative, leading to increased export orders for Indian garment producers. The government may raise textile ministry budget allocation and production-linked incentives…
• What Indians ordered online: From food to pet care, here are the trending deleveries in 2024
  15 January 2025, retail.economictimes.indiatimes.com
  In 2024, quick commerce in India saw substantial growth, especially in food, clothing, and medicines. Consumers favored convenience, leading to increased orders for documents and groceries. Mumbai, Delhi, and Chennai had the highest delivery volumes. Food items like tiramisu and pav were top deliveries, with MSMEs and cricket events boosting demand. Delivery efficiencies improved significantly…
• Lululemon, American Eagle log strong sales in discount-heavy holiday season
  15 January 2025, retail.economictimes.indiatimes.com
  Retailers like Lululemon, Abercrombie & Fitch, and American Eagle saw increased holiday-quarter sales due to cost-conscious shoppers. However, heavy discounting raised concerns about their profit margins. Online spending during the holiday season exceeded initial forecasts. Companies like Macy’s struggled while others like Nordstrom benefited from discounts. Mobile shopping and AI-enabled tools helped consumers find the best deals…
• German court halts sales of ‘Dubai’ chocolate made outside UAE
  15 January 2025, retail.economictimes.indiatimes.com
  A German court has banned a discount supermarket chain from selling a version of “Dubai chocolate”on Tuesday. Wilmers said he had also begun proceedings against a Swiss chocolate maker, which then changed the packaging on their Dubai-style product, and was exploring action against another German supermarket chain after its refusal to stop selling a similar Dubai-style product. ..
• When is a rebrand the answer to a brand’s problems?
  15 January 2025, brandequity.economictimes.indiatimes.com
  Around the world, brands have learnt that revamping their identities without thinking the exercise through can be met with ridicule and derision — often the hard way. On the other hand, being clear about your strategy and why you’re making a change is critical. Experts tell that change is good, but only when it’s strategic…
• Global smartphone market bounces back with 4 pc sales growth in 2024
  15 January 2025, brandequity.economictimes.indiatimes.com
  “Smartphones continue to be an essential product, pivotal to people’s daily lives, and as macroeconomic pressures softened, the market started showing signs of recovery from Q4 2023 and has now grown for five consecutive quarters. Almost all markets showed growth, led by Europe, China and Latin America,” said Research Director Tarun Pathak…
• From quick commerce to safe commerce
  14 January 2025, brandequity.economictimes.indiatimes.com
  The article highlights the increasing dependence on delivery services and the challenges faced by delivery partners, especially during adverse weather conditions. It suggests introducing safety measures and customer engagement features to ensure the well-being of delivery partners. Potential benefits include insurance options for drivers, regular vehicle maintenance notifications, and tracking accident-free deliveries…
• In a rapidly changing world, the idea is sacred
  14 January 2025, brandequity.economictimes.indiatimes.com
  In the constantly evolving landscape of advertising, the focus should be on creating meaningful, engaging ideas rather than merely generating noise. Successful campaigns respect audience intelligence, navigate shifting trends, and emphasise integration and agility. Ultimately, impactful advertising balances innovation with foundational principles, making lasting impressions through well-crafted, thought-provoking ideas…
• A new restaurant culture is spicing up dining scene in Indian metros
  14 January 2025, brandequity.economictimes.indiatimes.com
  The competitive dining scene in major Indian metropolitan cities, such as Bengaluru, Mumbai, and Delhi, is creating high demand for limited restaurant reservations. Diners’ increasing willingness to spend on unique culinary experiences reflects aspirations of India’s young middle class, making it harder to secure top dining spots…
• JVC re-enters Indian TV market through licence pact with Super Plastronics
  14 January 2025, brandequity.economictimes.indiatimes.com
  JVC is re-entering the India TV market with a range of premium smart QLED televisions. This is through a brand licence agreement with Super Plastronics Pvt Ltd (SPPL). These televisions will be available exclusively on Amazon from January 14, 2025. JVC aims to cater to Indian consumers who seek immersive home entertainment experiences…
• Yulu Bikes eyes growth in non-metro towns with franchise model
  14 January 2025, brandequity.economictimes.indiatimes.com
  The startup, backed by 33 institutional investors including Bajaj Auto, Magna and Rocketship, aims to leverage different vehicle form factors to cater to a broader set of needs. So far, Yulu Bikes has raised over $123 million in equity capital and USD 12 million in debt financing from US International Development Finance Corporation (DFC) and Northern Arc…
• Consumer companies now have a new fix: MNC-fied CEOs
  14 January 2025, retail.economictimes.indiatimes.com
  Many top consumer companies in India, like Avenue Supermarts (DMart), Tata Consumer Products, and Nestle India, are appointing new CEOs with significant stints in MNCs such as Unilever and Pepsi to tackle complex business environments and revive company performance while fostering global strategies at the helm…
• Inside the Chinese giant Reliance is fielding in its retail war
  14 January 2025, retail.economictimes.indiatimes.com
  India’s fast fashion industry is poised for intense competition, fueled by Reliance Retail’s recent collaboration with Chinese giant Shein. Following Zudio’s success and the lifting of Shein’s ban, Reliance aims to dominate the market. Strict regulations ensure local control while promoting domestic manufacturing and potential job creation…
• Tata Electronics goes beyond Apple, looks to build for Xiaomi and Oppo
  14 January 2025, retail.economictimes.indiatimes.com
  Tata Electronics has held talks with Xiaomi and Oppo to take up contract manufacturing of their smartphones, in a bid to diversify its client base beyond Apple. The company was also in talks with Vivo, but that partnership is unlikely to go through, sources told ET…
• Favre Leuba eyes India as key market for global comeback, partners with Ethos for exclusive retail
  13 January 2025, retail.economictimes.indiatimes.com
  Swiss watch brand Favre Leuba targets India as its primary market for a global relaunch, partnering with retailer Ethos. The brand aims to leverage its historical presence in India since 1865…
• D2C space loses sheen as scaling-up challenges rise
  13 January 2025, financialexpress.com
  Once seen as the future of retail, the direct-to-consumer (D2C) segment seems to be losing its sheen. With Hindustan Unilever (HUL) reportedly in buyout talks with Minimalist, a Jaipur-based skincare brand, for Rs 3,000 crore, the sector’s challenges in scaling up are under scrutiny. Amid plateauing sales and dwindling funding, D2C startups face an uphill task to sustain growth…
• Godrej Properties launches its first project in Hyderabad
  13 January 2025, realty.economictimes.indiatimes.com
  Situated on about three acres of land with an estimated booking value of approximately Rs 1,300 crore, Godrej Madison Avenue will feature 1.2 million sq ft of saleable area…
• Small small but premium: FMCG bets on ‘access packs’ to boost demand
  11 January 2025, retail.economictimes.indiatimes.com
  Companies like Hindustan Unilever, Britannia, ITC, and Colgate Palmolive are introducing smaller, lower-priced packs of premium products to boost demand in urban markets. This strategy aims to attract price-sensitive consumers and increase accessibility amid weak urban demand. Smaller packs are helping drive trial, push impulse purchases, and prevent customers from switching to lower-priced local brands…
• FHRAI to approach Commerce Ministry against Q-commerce apps by food aggregators
  11 January 2025, retail.economictimes.indiatimes.com
  While NRAI has decided to approach CCI against Zomato and Swiggy, FHRAI has decided to knock on the doors of the Commerce Ministry against what they allege is gross violation of e-commerce rules by two key market place players…
• Singapore, US and Canada dominate foreign investments in Indian real estate market in 2024: Report
  11 January 2025, realty.economictimes.indiatimes.com
  These three countries cumulatively contributed more than 25% of the total equity investments in the country’s real estate in 2024…
• Mercedes to expand in India’s smaller cities as younger generations splurge
  11 January 2025, brandequity.economictimes.indiatimes.com
  Germany’s Mercedes-Benz plans to add 20 more dealerships or service outlets in India by 2025, focusing on smaller cities with increasing luxury demand. This follows a year of record sales driven by new car launches and a growing portfolio of electric vehicles…
• Futurecasting: How will the consumer change in 2025?
  08 January 2025, brandequity.economictimes.indiatimes.com
  The world is moving at the speed of the algorithm and new trends have come to the fore. As brands vie to stay relevant, Gaurav Kumar and Shalini Avadhani, lead creative strategists from Godrej Creative Lab, the in-house creative studio of Godrej Consumer Products, examine some cultural and behavioural foresights that they see and decode what these could mean for brands in the new year. ..
• Music for the win: How brands are leveraging concerts
  08 January 2025, brandequity.economictimes.indiatimes.com
  From Benetton to Bacardi, Cadbury to Bisleri, Mokobara to Nissan, Levi’s to Maybelline — some of the biggest brands today across categories have found new love while marketing at live celebrity concerts, capitalising on the dazzling setups, high-voltage music and captive audiences. But, as brands pull out all the stops to take home a slice of fan frenzy, are returns forthcoming? Ratna Bhushan finds out…
• Reliance launches ‘Raskik’ after fizzing up market with revival of Campa Cola
  08 January 2025, brandequity.economictimes.indiatimes.com
  Reliance Consumer Products Limited has entered the rehydration market with the launch of RasKik Gluco Energy, a drink combining electrolytes, glucose, and real lemon juice priced at Rs 10. The product targets individuals needing energy and hydration during physical activities. This marks a step in RCPL’s strategy to become a comprehensive beverage and consumer products company…
• 10-min delivery is providing a ‘quick’ boost to FMCG brands in India
  08 January 2025, brandequity.economictimes.indiatimes.com
  Quick commerce is crucial for FMCG companies in India, making up 35% of their e-commerce revenue. Platforms like Blinkit, Zepto, Instamart, and BBnow are key. Companies like Nestle and ITC see significant growth through these platforms. Quick commerce platforms offer better inventory and delivery services compared to traditional stores. Large FMCG brands benefit from lower commission rates…
• Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Report
  08 January 2025, brandequity.economictimes.indiatimes.com
  India’s quick commerce sector is expected to grow 75% YoY in 2025, expanding beyond groceries into new categories and cities, particularly tier-2 and smaller cities. The sector’s advantages—proximity, competitive pricing, and wide selection of products—are driving its popularity. D2C brands and FMCG companies are thriving on quick commerce platforms, reshaping India’s retail landscape…
• 2024: The beginning of the end of marketing gimmicks
  08 January 2025, brandequity.economictimes.indiatimes.com
  In 2024, Indian advertising has transformed. Brands now focus on authenticity, transparency, and genuine engagement. Shock value is out, and meaningful interactions are in. Companies must align all departments with the brand’s message. Humor is lighter, and metrics focus on engagement, not followers. The future of marketing values honesty over hype…
• Consumers drinking less often but premium: Bacardi India MD
  08 January 2025, retail.economictimes.indiatimes.com
  For Bacardi, premium products like Grey Goose, Bombay Sapphire, Patrón, and Dewar’s Scotch continue to grow strongly, while some standard brands are experiencing slower growth, Golikeri said adding that the impact of inflation is more pronounced in the value segment, which has been compressed…
• Reliance Consumer Products enters rehydration category
  07 January 2025, retail.economictimes.indiatimes.com
  Reliance Consumer Products Ltd has launched ‘RasKik’ as a master brand for juices and functional drinks, aiming to become a total beverage and consumer products company. RasKik offers mango, apple, mixed fruit, coconut water, and nimbu pani variants. The company is focusing on providing accessible and quality fruit-based drinks, inspired by Indian regional preferences…
• Small packs in demand as FMCG companies hike prices
  07 January 2025, retail.economictimes.indiatimes.com
  Indians are opting for smaller consumer goods packs as inflation in groceries and household supplies puts a strain on budgets. Categories like soaps, snacks, and tea are significantly affected. Companies respond with price hikes to address rising commodity costs, leading consumers to adjust their purchasing habits to smaller quantities…
• Union Minister Pralhad Joshi asks BIS to weigh mandatory hallmarking of silver jewellery
  07 January 2025, retail.economictimes.indiatimes.com
  Consumers are urging that the Bureau of Indian Standards (BIS) make hallmarking for silver jewellery mandatory, stated Minister Pralhad Joshi on the 78th BIS foundation day. Currently, hallmarking is only compulsory for gold jewellery. Since mandatory hallmarking began in June 2021, over 442.8 million gold items have been marked officially…
• Post-Adani exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio
  06 January 2025, retail.economictimes.indiatimes.com
  Adani Wilmar Ltd (AWL) is leveraging its dominant edible oil business to drive growth in its high-margin FMCG portfolio following the Adani Group’s exit. With a 24% FMCG business growth in volume and a strong distribution network, AWL plans to introduce more global brands into the Indian market…
• Health, fitness products fly off the shelves at D2C, quick commerce
  06 January 2025, retail.economictimes.indiatimes.com
  D2C brands and quick commerce platforms are experiencing a surge in demand for health and fitness products as consumers focus on fitness and personal wellbeing. Companies like Healthify and Boldfit report significant revenue increases, and fitness wearables and protein-based items see heightened sales, particularly in Tier II and Tier III cities…
• India readies Rs 25,000 cr boost for its electronics components industry
  06 January 2025, retail.economictimes.indiatimes.com
  The finance ministry has approved an incentive scheme worth nearly $3 billion aimed at boosting domestic manufacturing of electronics components. The scheme is expected to increase local production of components and subassemblies, with a goal of significantly reducing import dependency and enhancing local value addition to 35-40% within its tenure…
• Consumer rage in the age of social media
  06 January 2025, brandequity.economictimes.indiatimes.com
  Marketers must use new strategies such as AI and MarTech to manage consumer rage. Brand authenticity, credibility, and customer satisfaction should be maintained. Monitoring customer sentiments across platforms is essential. Cognitive dissonance post-purchase can be managed through digital campaigns. Constructive criticism should be encouraged to strengthen the brand. These combined initiatives are critical in this era of unpredictability…
• 2025 Outlook: Consumer durable cos betting on ‘remarkable growth’ in 2025 on premium, feature-led products; no price action as yet
  06 January 2025, financialexpress.com
  The consumer durable and electronics industry is poised for remarkable growth in 2025, driven by adoption of premium, value added, feature-led products and will be fueled by policies like the Production-Linked Incentive (PLI) scheme on the supply side…
• Watch it! India having a better time than China with luxury timepiece revolution
  04 January 2025, retail.economictimes.indiatimes.com
  Sales of luxury watches in India are hitting record demand in 2024, with significant growth in metro and smaller cities. Brands like Rolex, Montblanc, and Rado report strong performances, driven by rising income levels and an affluent class. Competitive pricing and brand expansion are making these premium timepieces more accessible…
• India’s smartphone market on track to cross highest-ever value of $50b in 2025: Counterpoint Research
  04 January 2025, thehindubusinessline.com
  India’s smartphone market is on track to achieve its highest-ever value in 2025, crossing $50 billion or around ₹4,28,900 crore, and this milestone will be driven by a value-centric approach from smartphone original equipment manufacturers (OEMs) and a rising consumer push towards higher-specification devices…
• Kolkata F&B brands strike gold with sky-high sales in December
  04 January 2025, brandequity.economictimes.indiatimes.com
  Kolkatans enjoyed a thriving dining scene in December 2024, driven by concerts, extended restaurant hours, and high footfall from NRIs and travelers, resulting in a 27% increase in festive business compared to previous years, with Christmas and New Year’s Eve being the busiest days…
• Level of discounting in India is not sustainable, says Samsonite CEO
  04 January 2025, brandequity.economictimes.indiatimes.com
  Discounting levels in India’s luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Industries in revenue last fiscal year. New entrants like Mokobara and Uppercase offer discounts impacting industry profits. Despite growth, VIP’s profits fell sharply. Samsonite reported a sales and profit increase. India’s luggage industry growth will reduce due to a high base and increased competition…
• Small town sales join the big league
  02 January 2025, retail.economictimes.indiatimes.com
  Sales of smartphones, laptops, washing machines, and TVs are rising in smaller Indian towns, bridging the gap with larger cities. The trend is driven by urbanization, nuclear families, and consumer finance. Increased rural market consumption and solar panel savings also contribute. Government schemes and SUV demand further boost rural spending…
• How DLF Malls are leading India’s retail and lifestyle evolution
  02 January 2025, indiaretailing.com
  DLF Malls undoubtedly has led the retail transformation in India, redefining how people interact with shopping spaces through their curated luxury malls and premium retail destinations. Established in 1946 by Chaudhary Raghvendra Singh, DLF began with developing 22 urban colonies in Delhi…
• Dear customer, AI knows what you want before you do
  02 January 2025, brandequity.economictimes.indiatimes.com
  Hyper-personalisation leverages AI to gather and analyse customer data, offering highly customised shopping experiences. By tracking behaviours and preferences in real-time, companies like Amazon and Spotify can make precise recommendations. AI synthesises data for actionable insights, enhancing marketing, customer support, and product development, ultimately building trust and loyalty with consumers…
• SPPL targets 1 mn TV sales in 2025, expands capacity and global brand licenses
  02 January 2025, brandequity.economictimes.indiatimes.com
  The Noida-based company, which has a portfolio of global brands including, Thomson, Kodak, Blaupunkt, White-Westinghouse and White-Westinghouse (Trademark of Electrolux), plans to add licensing rights for two more global brands in the Indian market. Besides, it also plans to enter into new categories like refrigerators and expand its play in appliances, including washing machines, coolers, and more. “In 2024, we are closing around 6,00,000 units of TVs, and next year’s target is 1 million,” Marwah told PTI…
• Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025
  02 January 2025, brandequity.economictimes.indiatimes.com
  The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. ..
• Ikea India’s losses swell, sales growth falls to 6-year low
  30 December 2024, retail.economictimes.indiatimes.com
  Ikea’s India sales have grown by 5% in FY24, marking its slowest expansion since entering the market six years ago. The net loss widened by 15% due to large investments. Ikea continues to invest in India, aiming to open more stores and serve 200 million people by 2025…
• Jewelbox plans to add 25 stores next year; eyes Rs 150 crore revenue in FY26
  30 December 2024, retail.economictimes.indiatimes.com
  Jewelbox, a lab-grown diamond jewellery brand, plans to add 25 more stores by 2025, expanding its offline presence from the current 8 stores. The company aims to achieve Rs 150 crore in revenue by FY 2025-26. Jewelbox has seen significant growth in monthly revenue and is in talks to raise more funds to support its expansion…
• Country’s liquor companies may approach FSSAI for separate standard for Indian single malt whisky
  30 December 2024, retail.economictimes.indiatimes.com
  Indian liquor makers are seeking a separate standard for Indian single malt whisky from the FSSAI. This will help maintain its reputation as these whiskies gain international recognition. The industry is also applying for a geographical indication tag, enhancing credibility. The segment is experiencing about 30 percent growth, driven by premiumisation trends…
• Flying Machine’s bold revival: Arvind Fashions targets Gen Z with Orry and ‘Damn Hot’ transformation
  30 December 2024, brandequity.economictimes.indiatimes.com
  MD and CEO of Arvind Fashions, Shailesh Chaturvedi, says the “comprehensive transformation” is an attempt to revitalise Flying Machine. ..
• Urban-rural consumption gap closes further in 2023-24
  28 December 2024, retail.economictimes.indiatimes.com
  Consumption inequality between rural and urban India decreased in 2023-24, with notable increases in Monthly Per Capita Consumption Expenditure (MPCE) in both areas. Non-food items continued to dominate expenditures. Government support contributed to rural growth, and social welfare programmes impacted overall consumption patterns…
• Over 20 states’ consumption spend higher than national avg: Report
  28 December 2024, retail.economictimes.indiatimes.com
  Sikkim had the highest monthly per capita consumption expenditure among Indian states for 2023-24 in both rural and urban areas. Chhattisgarh had the lowest. Over 20 states and union territories recorded higher expenditure than the national average. Meghalaya had the largest urban-rural gap. Kerala had the smallest gap among states, while Lakshadweep had the smallest among union territories…
• Limelight Diamonds aims to open 7 retail stores; inaugurates first outlet in Chennai
  28 December 2024, retail.economictimes.indiatimes.com
  Limelight Diamonds has opened its first store in Chennai, its 23rd in India, as part of its expansion plan. The Mumbai-based lab-grown diamond brand aims to open seven more stores by year-end. The company notes a 15-20 per cent annual growth in the lab-grown diamond sector, driven by increased customer awareness and affordability…
• A Blue Ocean for the Movie Biz: Repositioning Cinema
  28 December 2024, brandequity.economictimes.indiatimes.com
  Movies are a sanctuary for the soul. ​The concept of “Spiritual Cinema”—curated film experiences that focus on healing, transcendence, and community connection—offers a transformative pathway for cinemas to become sanctuaries for the soul. This blue ocean strategy not only redefines the purpose of the cinema but also opens a compelling avenue for growth in an industry searching for renewed relevance…
• Southern states steal the show in monthly household spending: Survey
  28 December 2024, business-standard.com
  Southern India is leading in monthly per capita consumption expenditure (MPCE) with the five states of Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka significantly surpassing the national average, according to the Household Consumption Expenditure Survey 2023-24, released on Friday…
• Luxury on wheels: Over 6 high-end cars sold every hour in India in 2024
  28 December 2024, business-standard.com
  India witnessed a significant rise in the sale of luxury cars with over six vehicles priced above Rs 50 lakh sold every hour in 2024. This marks a sharp increase from just two cars sold per hour five years ago, driven by robust demand at the premium end of the market and an expanding affluent consumer base, according to a report in The Economic Times…
• Can’t spell iPhone without India: Country set to become tech giant’s third-biggest market by 2026
  27 December 2024, retail.economictimes.indiatimes.com
  India is set to become Apple’s third-largest market by 2026, with significant growth in iPhone sales driven by easier financing, festival discounts, and a move towards premium products. Apple’s Indian market is expanding while its share in China is shrinking due to Huawei’s resurgence…
• Jubilant Foods signs MoU with Coca-Cola for purchase of beverages & food products
  27 December 2024, retail.economictimes.indiatimes.com
  Jubilant Food Ltd (JFL) has signed an MoU with Coca-Cola to purchase and market its sparkling beverages and other products. This move comes after JFL’s parent company, Jubilant Bhartia Group, acquired a 40% stake in Hindustan Coca-Cola Beverages. JFL, which operates Domino’s Pizza and other QSR brands, previously partnered with PepsiCo…
• Fascinating orders on Quick commerce platform in 2024: Delhi customer spent Rs 20 lakh in a year
  27 December 2024, retail.economictimes.indiatimes.com
  In 2024, India’s affinity for quick deliveries grew, with consumers spending heavily on Swiggy Instamart. Delhi and Dehradun led in spending, while items like milk and dosa batter were most popular. Unique expenditures included Rs 8.3 lakhs on gold for Dhanteras and Rs 35,000 on mangoes in Hyderabad. Traditional celebrations also boosted demand significantly…
• Electronics goods emerge as fastest growing segment in India’s exports
  27 December 2024, retail.economictimes.indiatimes.com
  Electronics goods have emerged as the fastest-growing segment in India’s export basket as new manufacturing capacities have come up in the country driven by the success of the Centre’s production-linked incentive (PLI) scheme…
• UP entity illegally using out tradename, ED action not linked to us: Kalpataru Group
  27 December 2024, realty.economictimes.indiatimes.com
  The Enforcement Directorate had on December 19 issued a statement to say that it seized Rs 1.02 crore in cash after it conducted searches at multiple locations in Uttar Pradesh in an alleged Ponzi scheme linked money laundering case against “Kalpataru Group of companies.”..
• Fast, faster, fastest: How 2024 put more speed into your shopping
  27 December 2024, brandequity.economictimes.indiatimes.com
  2024 marks a significant year for quick commerce in India, with major players like Swiggy, Flipkart, Myntra, Amazon, Tata, Nykaa, Zomato, and Zepto driving rapid growth and innovation. Companies are launching ultra-fast delivery services, expanding offerings, and securing substantial investments to compete in this dynamic market…
• The new face of Indian luxury: From elite exclusivity to aspirational access
  26 December 2024, brandequity.economictimes.indiatimes.com
  India’s luxury market is set to expand to USD 85–90 billion by 2030, driven by economic growth and shifting consumer attitudes. The rise of the middle class and digital access to luxury brands are key factors, along with a focus on sustainability and experiential luxury…
• Work or play? The rise of online ‘kidfluencers’ is raising complex legal and ethical questions
  26 December 2024, brandequity.economictimes.indiatimes.com
  An influencer (child or adult) with more than one million followers can earn upwards of $20,000 for one sponsored post, while a person with under 100,000 followers on a social media platform may still earn as much as $4,000 for each sponsored post. But the rise of kidfluencers around the globe raises questions about the blurred lines between play and labour, independence and control, privacy, profit and online success…
• Ola marks 4,000-store milestone with tier-3 town EV network expansion
  26 December 2024, business-standard.com
  Ola Electric on Wednesday said it now has 4,000 stores across the country, marking a four-fold jump from the earlier reported figure of 800 on December 2 of this month. The company said it has added 3,200 new stores to its existing network in less than a month…
• Tata Sons may infuse fresh funds into ecomm arm only by mid-2025
  26 December 2024, retail.economictimes.indiatimes.com
  Tata Sons plans to infuse capital into its ecommerce business, Tata Digital, only by mid-2025, with a focus on internal funding and debt until then. The strategy emphasizes growth, better execution, and sustainable profitability, with BigBasket eyeing an IPO and significant growth in standalone revenues for FY24…
• Online electronics sale quickens through shift to qcomm
  23 December 2024, retail.economictimes.indiatimes.com
  Online electronics sales are booming in India. Quick commerce platforms are delivering appliances fast. Consumers are comfortable buying large items online now. Online sales grew from 32% to 34% this year. This represents an ₹11,000 crore shift. Smartphones still dominate online sales. However, other electronics are gaining traction…
• L’Oreal in talks to buy Migros’ South Korean cosmetic unit: sources
  23 December 2024, retail.economictimes.indiatimes.com
  L’Oreal in talks to buy Migros’ South Korean cosmetic unit, sources say. A spokesperson for Migros said it did not comment on market rumors. L’Oreal did not respond to multiple requests for comment. Mibelle acquired its stake in South Korean Gowoonsesang Cosmetics, which sells skin care products under the Dr.G brand, in 2018. In February, Migros announced a strategic review for Mibelle Group, saying it wanted to find a new owner for the business. ..
• Japan’s furniture retailer Nitori enters India market
  23 December 2024, retail.economictimes.indiatimes.com
  Nitori, Japan’s largest furniture and home furnishing retailer, has launched its first Indian store in Mumbai’s R City Mall. This marks Nitori’s entry into the Indian market as part of its global expansion strategy, aiming for 3,000 stores worldwide by 2032…
• Japan’s furniture retailer Nitori enters India market
  23 December 2024, retail.economictimes.indiatimes.com
  Nitori, Japan’s largest furniture and home furnishing retailer, has launched its first Indian store in Mumbai’s R City Mall. This marks Nitori’s entry into the Indian market as part of its global expansion strategy, aiming for 3,000 stores worldwide by 2032…
• Empowering brands with traceability and anti-counterfeit technologies
  23 December 2024, brandequity.economictimes.indiatimes.com
  Smart packaging is revolutionizing industries, offering track-and-trace capabilities and real-time data sharing. This technology optimizes supply chains, enhances inventory management, and combats counterfeiting through RFID, NFC, and blockchain. Authentication features build consumer trust, while tamper detection ensures product integrity. Smart packaging is poised to become a key competitive advantage for businesses, driving growth and customer satisfaction…
• Tata Power says AI AI Santa in Christmas ad
  23 December 2024, brandequity.economictimes.indiatimes.com
  Rediffusion’s RAID Studio has produced an AI-generated Christmas commercial for Tata Power. The video extends Tata Power’s “Duniya Apne Hawale” campaign theme. It features young children protecting the planet with Santa Claus. Even the music was AI-generated. The commercial had a lot of attention to detail with even Indian skin tones being matched using prompts…
• YouTube Shorts Mania: Biggest trends that shaped India’s pop culture in 2024
  21 December 2024, brandequity.economictimes.indiatimes.com
  Over 70 billion YouTube Shorts videos are consumed daily. Here are the top ten viral trends on its platform that shaped Internet culture in 2024. These trends dominated online chatter and ranging from pop culture, news to motivation capturing the wide gamut of emotions shared by Indian audiences…
• Cadbury Bournville inspires one to live fully in the moment
  21 December 2024, brandequity.economictimes.indiatimes.com
  The new campaign ‘Don’t Rush It’ encourages consumers to immerse themselves in the richness of the present by embracing the unrushed experience of the Intense Bournville Dark Chocolate…
• Haldiram Snack to invest Rs 300 crore in Bihar; will set up manufacturing plant
  21 December 2024, retail.economictimes.indiatimes.com
  Haldiram Snack is set to spice up Bihar’s economy with a Rs 300 crore investment in a new manufacturing plant. The 12-acre facility in Bihta, slated to open by mid-2027, will produce the company’s popular sweets, namkeens, and snacks. This move comes as part of Bihar Business Connect 2024, which has attracted a staggering Rs 1…
• Tea, India’s favourite, is officially a “healthy” beverage
  21 December 2024, retail.economictimes.indiatimes.com
  The Indian Tea Association (ITA) welcomed the U.S. FDA’s recognition of tea as a “healthy” beverage, allowing manufacturers to label products as such if they meet updated criteria. Highlighting tea’s antioxidant-rich profile and health benefits, ITA sees this as a significant moment, promoting Indian tea globally as a nutritious and cherished beverage for informed consumers…
• Popees Baby Care to expand with 42 new stores nationwide
  21 December 2024, thehindubusinessline.com
  Popees Baby Care, a leading baby care products retailer, plans to add 42 new stores in FY26, bringing its total to 118 stores. The expansion will largely be in Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, with one store each in all metros and other large cities in the country…
• Luxury must be kept affordably exclusive
  21 December 2024, retail.economictimes.indiatimes.com
  The luxury industry, heavily reliant on its wealthiest clientele, is facing a potential crisis as rising prices deter consumers, particularly in China. To maintain exclusivity and value, brands must strategically adjust volumes and cater to a broader, yet still affluent, customer base by offering more accessible luxury items without compromising quality…
• Tata Consumer Products denies exit claims of Starbucks from India
  20 December 2024, retail.economictimes.indiatimes.com
  Refuting the rumors, TATA Starbucks also stated, “Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. TATA Starbucks currently operates more than 470 stores in 76 cities across India, which continues to be a key growth market for Starbucks globally.”..
• Godrej Consumer ranks among top 3 FMCG cos on Dow Jones Sustainability Index
  20 December 2024, retail.economictimes.indiatimes.com
  Godrej Consumer Products Limited achieved a top-three global ranking on the 2024 Dow Jones Sustainability Index. The company also debuted on the DJSI World Index for Consumer Goods. GCPL’s MD & CEO emphasized the importance of sustainability to the company. He highlighted their 2025-26 environmental goals. These include greener products, Net Zero emissions, and remaining water positive…
• Seeing low-income consumers squeezed, retailers target $10 and under gifts
  20 December 2024, retail.economictimes.indiatimes.com
  For retailers and toymakers, selling a bounty of cheaper gifts aimed at consumers earning $50,000 or less helps boost volumes and sales in the key holiday period that is five days shorter than last year and forecast to be lackluster…
• Velocity launches Rs 200 cr fund for restaurants and cloud kitchens
  20 December 2024, retail.economictimes.indiatimes.com
  Velocity has pledged ₹200 crore to bolster the expansion of Indian restaurants and cloud kitchens in 2025. The company aims to capitalize on the growing food delivery market, projected to reach ₹9 trillion by 2030, by partnering with brands like IDC Kitchen and Jamie’s Pizza…
• SC upholds classification of pure coconut oil as edible oil in Marico case
  20 December 2024, brandequity.economictimes.indiatimes.com
  The Supreme Court dismissed the Central Excise Commissioner’s appeal against Marico and its job workers, upholding the classification of pure coconut oil as edible oil. This affirms the Tribunal’s order and exempts Marico from ₹66.77 crore in excise duty previously sought by the CCE under the hair oil category for the 2005-2007 period…
• Disruptive 10-mins deliveries now spread to food businesses as well
  20 December 2024, business-standard.com
  Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms…
• TheDigiPlus Fest 2024: The unexplored territory of bite-size storytelling
  19 December 2024, brandequity.economictimes.indiatimes.com
  Short-form video has unlocked a new world of possibilities for brands. Brands attempting to force-fit 30-second ads into the SFV format are bound to fail. Compelling, narrative-driven content is the way forward, and brands must continually experiment with new storytelling methods to engage audiences. Beyond driving media spends, a comprehensive SFV content strategy is essential for brands aiming to cut through the clutter…
• India presents a tough battleground for Walmart
  19 December 2024, brandequity.economictimes.indiatimes.com
  Walmart’s Flipkart IPO faces delays amidst India’s complex e-commerce regulations, potentially pushing it to 2026. While regulatory scrutiny targets foreign-backed platforms, hindering Walmart’s expansion while benefiting domestic competitors like Mukesh Ambani’s retail operations. A potential Trump administration could pressure India for concessions, impacting the future of US retail investment in the country…
• True blue tradition: how Japan’s coveted jeans are made
  19 December 2024, brandequity.economictimes.indiatimes.com
  Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. The market for Japanese jeans “has grown in the last 10 to 15 years”, said Michael Pendlebury, a tailor operating a repair shop in Britain called The Denim Doctor…
• Ola to go live pan-India soon on ONDC in F&B category
  19 December 2024, brandequity.economictimes.indiatimes.com
  Ola will soon offer food and beverages throughout India on ONDC. Uber is considering joining ONDC for transit and bus services. ONDC aims to empower drivers and boost local economies. The network’s expansion could significantly impact India’s digital commerce landscape. ONDC plans to implement network fees to become self-sustaining…
• Ikea’s playful new campaign encourages spontaneity
  19 December 2024, brandequity.economictimes.indiatimes.com
  The campaign’s tagline, “Don’t commit to any plans. Ikea Sale is on,” playfully suggests that sometimes the best moments are unplanned. The two films that form part of the campaign showcase humorous scenarios where people drop everything to take advantage of the Ikea Sale. In the first film, a magician’s assistant disappears during a trick, only to be found happily shopping at Ikea. In the second, a boss is discovered enjoying a shopping spree at Ikea instead of attending a surprise retirement party…
• Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun
  19 December 2024, livemint.com
  Mumbai, Dec 18 (PTI) Radhakishan Damani-promoted Supermarket chain Dmart has emerged the most-valuable Indian company founded by a self-made entrepreneur post-2000 with a valuation of ₹3.42 lakh crore, as per data released by Hurun on Wednesday…
• Medusa Beverages targets ₹1,200 crore revenue by 2029 with expansion plans
  19 December 2024, thehindubusinessline.com
  Delhi-based beer company Medusa Beverages is looking to clock in ₹1,200 crore in revenue by 2029, said Avneet Singh, its founder and CEO. In FY25, the company intends to make ₹180 crore, he added…
• Sales dip at 60% of Mumbai’s offline groceries as q-commerce grows: Study
  19 December 2024, business-standard.com
  A majority of offline grocery stores in Mumbai say their sales have declined and most attribute the trend to the so-called dark stores of quick commerce (QC) companies, according to a dipstick study by JP Morgan…
• The LEGO Group launches Christmas themed PLAYgrounds across three cities
  18 December 2024, brandequity.economictimes.indiatimes.com
  The LEGO Group returns with its Winter PLAYgrounds now with a festive christmas theme, it aims to spark creativity and foster playtime in line with its belief that play is a superpower. Coming directly to three Indian cities, Delhi, Mumbai and Chennai…
• Reliance is bringing back Shein products in India; but with a Big Desi twist
  18 December 2024, retail.economictimes.indiatimes.com
  Chinese fast-fashion giant Shein will return to India through a partnership with Reliance Retail, following a 2020 ban. Shein will act as a technology provider, while Reliance Retail controls operations and data, ensuring all information remains within India under strict security measures. This collaboration aims to boost local manufacturing and create jobs…
• Louis Vuitton Moët Hennessy continues riding on premumization wave, enters luxury tequila category with Volcan de Mi Tierra
  18 December 2024, retail.economictimes.indiatimes.com
  ​Currently, the luxury tequila has been launched in three markets – Mumbai, Goa, and Gurgaon along with airports and will be soon available in Delhi and Kolkata…
• Cafe Delhi Heights eyes 120 outlets, Rs 500 crore revenue by 2028
  18 December 2024, retail.economictimes.indiatimes.com
  ​When asked about funds to expand, Vikrant Batra, founder, Cafe Delhi Heights said, “Till now, we have been bootstrapped, and seeing the demand for the brand, it cannot be funded internally. So, we’re looking out for options for external funding. We are looking forward to diluting between 20-30 per cent of our equity.”…
• Magicpin enters instant food delivery segment
  18 December 2024, retail.economictimes.indiatimes.com
  The firm has entered the quick delivery sector with a 15-minute food delivery service. Food delivery service will be provided within a 1.5 km to 2 km radius. Initial launch will be conducted in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune…
• Taiwanese laptop maker MSI begins India manufacturing with Chennai facility
  18 December 2024, retail.economictimes.indiatimes.com
  There will be two locally-produced laptop models – the MSI Modern 14 and MSI Thin 15. The company said in a statement that in order to enhance the accessibility of products in India, MSI is increasing the number of touchpoints, including more laptop brand stores and availability at Croma and Reliance Retail…
• Zomato, Swiggy shares in focus as GST council considers cutting food delivery GST to 5%
  18 December 2024, retail.economictimes.indiatimes.com
  Shares of Zomato and Swiggy are likely to remain in focus due to the GST Council’s potential tax cut on food delivery charges by e-commerce platforms to 5%, effective from January 2024. Zomato’s shares closed 2% higher, while Swiggy’s surged 11.7%…
• Smartphone market stays below pandemic levels, concerns remain
  18 December 2024, livemint.com
  India’s $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself. While a mid-single-digit growth in volume of smartphone shipments has been projected for the year, the overall demand from consumers in the long run remains a concern as India eyes a $500-billion electronics economy by 2030…
• Bihar sees 15-fold jump in data consumption, state goes big on infra
  18 December 2024, business-standard.com
  Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and road networks, its Chief Secretary Amrit Lal Meena said. ..
• Tata faces pressure in Starbucks joint venture as consumers cut back
  17 December 2024, retail.economictimes.indiatimes.com
  Tata Consumer Products, facing reduced foot traffic in its Indian Starbucks cafes, will adjust short-term expansion plans while maintaining its 2028 goals. The company also anticipates double-digit revenue growth in the latter half of the fiscal year, but profits will likely be squeezed by rising raw material costs, including tea…
• Haldiram’s Stake Sale: Blackstone said to emerge as lead bidder
  17 December 2024, retail.economictimes.indiatimes.com
  Blackstone, potentially partnering with GIC and ADIA, is in advanced talks to acquire a 20% stake in Haldiram Snacks for approximately $1.6 billion. This deal could value the Indian snack giant at $8 billion. While other bidders remain interested, a final agreement may be reached in the coming weeks…
• Cheaper 5G smartphones ramp up volumes
  17 December 2024, retail.economictimes.indiatimes.com
  Average selling prices (ASPs) of mobile handsets stayed flat at about $258 in the first three quarters of calendar 2024, helping volumes grow 6% on-year to 46 million units, according to market researcher IDC. However, higher volume at flat ASPs led to a modest 6% growth in industry revenue in the September and June quarters to $11.86 bn, halving from a 12% growth in Q1 2024…
• Luxury brands bet on India’s nouveau riche
  17 December 2024, brandequity.economictimes.indiatimes.com
  Global luxury brands are increasingly targeting India’s burgeoning high-net-worth individuals, driven by growth potential and a slowdown in China. Several brands are expanding or entering the Indian market, capitalizing on rising affluence and a growing appetite for luxury goods. The luxury retail market in India is projected to reach $14 billion by 2032…
• Benepik reports 200% increase in sales during festive season
  17 December 2024, brandequity.economictimes.indiatimes.com
  Rewards, loyalty and corporate gifting solution provider Benepik has witnessed a massive surge in demand for personalised and meaningful corporate gifts this year, serving over 2 lakh customers during the festive season. Clients also leveraged Benepik’s consumer loyalty offering to boost sales and consumer retention through first-party data collection and insights…
• 40 Indian startups secure over $787 million in funding last week
  16 December 2024, retail.economictimes.indiatimes.com
  In a significant week for the Indian startup ecosystem, nearly 40 startups secured more than $787 million in funding as the economy remained resilient amid the geo-political conditions…
• India now an anchor market, says PepsiCo
  14 December 2024, brandequity.economictimes.indiatimes.com
  PepsiCo bets big on India for future growth. The company is restructuring its international beverages business. This will include PepsiCo’s India-listed bottling franchise partner Varun Beverages Ltd. The International Beverages Region will oversee all franchisees of PepsiCo’s beverage businesses. India is one of 13 key markets for PepsiCo. The snack and beverage giant faces competition in India. PepsiCo’s India operations reported double-digit growth. The company aims to strengthen its beverage business globally…
• Bleak urban demand to weigh on FMCG in ’25
  14 December 2024, brandequity.economictimes.indiatimes.com
  India’s urban middle class is cutting back on spending due to job losses and inflation, impacting consumer goods companies. Rural demand is strong, but insufficient to offset the urban slowdown. Companies are struggling with rising commodity costs and may implement further price hikes, potentially worsening the situation. It is the lower middle class that has borne the brunt of challenging macroeconomic conditions. Kantar describes this consumer cohort as those engaged in high grade blue collar jobs or low grade white collar jobs, with most households owning a motorcycle or other two wheelers…
• Fast fashion players such as M&S, Zara, H&M see fall in sales growth on spending woes
  14 December 2024, retail.economictimes.indiatimes.com
  Over the past few years, top global apparel and fast fashion brands struck a strong chord with young customers, racking up sales growth of between 40% and 60% in FY23, bucking the trend in a market where the overall demand for discretionary items started slowing down. This has reversed now…
• Indians turning clock back on smartwatches; shipments fall 45%YoY in the September qtr
  14 December 2024, retail.economictimes.indiatimes.com
  Indians are rediscovering the charm of analogue watches. Smartwatch sales are declining. Consumers want simpler, more elegant timepieces. Excessive notifications and health tracking contribute to this shift. Titan, a major watch seller, is seeing strong analogue watch sales growth. Timex Group has also reported record sales. ..
• Reliance Retail launches LED TVs in partnership with Harman
  14 December 2024, thehindubusinessline.com
  Reliance Retail, has launched a range of six indigenously-developed, made-for-India Home Theatre LED televisions in partnership with audio equipment specialist, HARMAN, the company said in a release…
• F&B pricing key strategy for smaller theatres to bolster footfalls
  13 December 2024, livemint.com
  This strategy can help them in the long run at a time that national multiplex chains have drawn much flak for exorbitant concessions and eventually help bolster footfalls especially among a lower paying clientele…
• Malls feel the chill as brands start winter sale early
  13 December 2024, retail.economictimes.indiatimes.com
  Mall operators are urging retailers to postpone their end-of-season sales to January. Several retailers began discounting early due to concerns about unsold winter inventory and a shorter shopping season. This early start impacts mall revenues as they operate on a revenue-sharing model. Retailers hope the discounts will boost cash flow and increase revenue…
• Global SS Beauty Brands enters into private label segment with the launch of colour cosmetics brand Joyology
  13 December 2024, retail.economictimes.indiatimes.com
  In the first phase, GSSB has launched 64 SKUs of Joyology and plans to take the total count to 150 SKUs over the next three quarters….
• India now an anchor market, says PepsiCo
  13 December 2024, retail.economictimes.indiatimes.com
  PepsiCo bets big on India for future growth. The company is restructuring its international beverages business. India is one of 13 key markets for PepsiCo. The snack and beverage giant faces competition in India. PepsiCo’s India operations reported double-digit growth. The company aims to strengthen its beverage business globally….
• Mattlook Cosmetics eyes to be a Rs 500 crore brand by 2028
  13 December 2024, brandequity.economictimes.indiatimes.com
  The bootstrapped colour cosmetics brand offers 1,200 SKUs. At present, 65 per cent of its revenue is contributed by tier II and beyond cities and the remaining 35 per cent comes from metro and tier I cities…
• Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm
  12 December 2024, retail.economictimes.indiatimes.com
  Coca-Cola is selling a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for $1.47 billion. This marks Coca-Cola’s largest deal in India and could lead to HCCB’s local listing. Jubilant Bhartia, known for its Domino’s Pizza franchise, is expanding its beverage portfolio with this acquisition, potentially impacting Domino’s current beverage partnership with PepsiCo…
• Zepto to launch standalone app for 10-minute food delivery service
  12 December 2024, retail.economictimes.indiatimes.com
  Aadit Palicha, CEO of Zepto, in a social media post, announced that the company is launching a separate app, called Zepto Cafe, the next week. He also added that although app might not be perfect from the first day, it is worth it to launch the app fast….
• FMCG sector needs to reignite volume expansion, embrace distribution innovation, say experts
  12 December 2024, brandequity.economictimes.indiatimes.com
  “To stay competitive, companies must innovate, invest in digital capabilities, and adopt entrepreneurial operating models, while maintaining robust data strategies for personalized engagement,” Pidilite Managing Director Bharat Puri, who is also the chairman of the CII, FMCG National Committee, said….
• Parle tops Kirana survey as HUL and ITC slip; Retailers favor P&G, Colgate for sales support
  11 December 2024, brandequity.economictimes.indiatimes.com
  A survey of Kirana retailers revealed their top sales representatives in 2024. Parle took the lead, while Hindustan Unilever and ITC fell in rankings. Hindustan Unilever faced distributor issues and product return concerns. ITC struggled with sales team retention. The survey analyzed communication, ethics, and customer support, among other metrics…
• Winter end of season sales begin; brands running discounting in-store and online
  11 December 2024, brandequity.economictimes.indiatimes.com
  Indian brands launched winter sales earlier than usual. A warm November and weak demand prompted the move. Retailers aim to reduce excess stock and boost cash flow. Discounts are offered in stores and online. Companies hope sales will rise by 8-12% despite the shorter winter season. Some brands delayed sales due to recent temperature drops…
• California to consider requiring mental health warnings on social media sites
  11 December 2024, brandequity.economictimes.indiatimes.com
  Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly”, according to 2022 data from the Pew Research Centre. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November…
• India rises above roti, kapda aur makaan. Where is it headed?
  11 December 2024, retail.economictimes.indiatimes.com
  India’s consumption patterns are shifting from basic necessities to services like healthcare and education. The middle class is expanding rapidly, projected to reach 60% of the population by 2047, driving economic growth and potentially transforming India into a consumption powerhouse. This growth is fueled by increasing disposable incomes and an aspirational drive…
• BookMyShow profit increases 27% to Rs 109 crore in FY24
  11 December 2024, financialexpress.com
  The firm’s revenue sources include online ticket bookings, turnkey ticketing solutions for concerts and events, software sales, advertisement and subscription contracts…
• Meesho sees 3.2 crore shoppers on branded products vertical ‘mall’
  09 December 2024, retail.economictimes.indiatimes.com
  ​​Meesho has been luring D2C brands to sell on its platform, offering them foray into new pin codes in the value market. The company has onboarded over 1,000 brands under its Mall vertical…
• Restaurants body cautions members of aggregator disruption in dine-in space
  09 December 2024, retail.economictimes.indiatimes.com
  ​​The National Restaurant Association of India (NRAI) cautioned its members about the potential downsides of deep discounting and data control by food delivery platforms like Swiggy and Zomato. The NRAI raised concerns about aggregators leveraging customer data for their own brands and employing aggressive discounting tactics that could harm restaurants’ long-term viability. The CCI is currently examining these issues…
• Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
  09 December 2024, retail.economictimes.indiatimes.com
  ​​Walmart, Shein, and Temu achieved record-breaking Black Friday and Cyber Monday sales, outperforming struggling retailers like Target and Best Buy. Amazon also saw strong growth, driven by popular items like Fire TVs and Shark vacuums. Temu and Shein experienced double-digit percentage growth, while Best Buy faced sales declines despite investor optimism…
• The Scent Lingers: Online perfume sales in India flourish, rising 25-30% in the last year
  09 December 2024, retail.economictimes.indiatimes.com
  ​​India’s perfume market is witnessing a boom, with online sales soaring 25-30% and the market estimated at ₹4,500 crore. The shift towards premium fragrances is driving growth, attracting international brands and prompting local players to expand their offerings…
• Govt contemplating to make hallmarking of gold bullion mandatory: Consumer Affairs Secy Nidhi Khare
  08 December 2024, retail.economictimes.indiatimes.com
  ​​The Indian government is considering mandatory hallmarking for gold bullion to ensure quality throughout the supply chain. This follows the successful hallmarking of over 40 crore gold jewelry items. Regulations for lab-grown diamonds are also being developed as the sector’s market size is projected to reach USD 134 billion by 2030…
• Milaf Cola: Saudi Arabia launches world’s first date-based soft drink. Is it a threat to Coca Cola and Pepsi?
  08 December 2024, retail.economictimes.indiatimes.com
  Saudi Arabia has launched world’s first soft drink made purely out of dates, known as Milaf Cola. Milaf Cola has no added sugar and harnesses health benefits of dates, manufacturer Thurath Al-Madina said. Milaf Cola says it is an alternative to other conventional sodas without compromising on its flavour. The company says Milaf Cola adheres to all international food safety standards…
• Physical stores are preferred by 90% Indian Retailers across generations: Study
  08 December 2024, retail.economictimes.indiatimes.com
  ​​A NeoGrowth study reveals most Indian retailers favor physical stores. Retailers are using digital tools and government programs to boost growth. Customer satisfaction and financial success are key goals. Referrals and enhanced storefronts attract customers. Retailers plan to expand product offerings and explore new markets. India’s business environment is viewed positively…
• Bitter chocolate: Sales of toffees and candies slow down as rising prices lead buyers to exercise discretion
  08 December 2024, retail.economictimes.indiatimes.com
  Chocolate and candy sales growth slowed in India during the last fiscal year. Major confectionery companies saw reduced growth. Mondelez and Perfetti experienced a significant drop. Hershey’s sales declined. Mars also saw minimal growth. The slowdown is attributed to inflation and increased competition. The snacking boom, fueled by the pandemic, seems to be ending…
• From algorithms to audiences: The rise of AI in brand narratives
  08 December 2024, brandequity.economictimes.indiatimes.com
  ​​Generative AI is changing how brands tell stories in India. AI helps create personalised ads in many languages. This is important because India has many different languages. The government is supporting AI technology. Brands must be careful about how they use AI. AI must respect Indian culture. AI can be good for business if used responsibly…
• Christmas Retail Displays: 43 Creative Ideas & Examples
  06 December 2024, fitsmallbusiness.com
  ​​According to a Small Business Now report1, 75% of retail small businesses rely heavily on holiday sales to meet annual revenue goals—going as far as saying holiday sales take up at least 50% of their annual revenue. Festive and eye-catching Christmas retail displays will convince more shoppers to buy from your stores, so you can get the much-needed boost in sales…
• Urban middle-class households shrink, rich club sees big jump
  06 December 2024, retail.economictimes.indiatimes.com
  ​​A new report reveals a widening socio-economic gap in urban India. Affluent households surged by 86% in 2024 compared to 2019, while lower and lower-middle-class households declined by 25%. This shift has led to stagnating urban consumption and weak demand for mass-priced goods, impacting FMCG companies reliant on urban markets…
• Myntra brings quick delivery to online fashion, launches 30-minute service
  06 December 2024, retail.economictimes.indiatimes.com
  ​​Myntra launches M-Now, a 30-minute delivery service for fashion and beauty products in Bengaluru. The service offers around 10,000 products initially, expanding to over 100,000 within months. Leveraging dark stores and brand partnerships, Myntra aims to cater to the rising demand for quick commerce in the fashion segment, competing with platforms like Blinkit and Zepto…
• Chicco shifts gears: Aims to double India revenue with 40 stores by 2027
  06 December 2024, retail.economictimes.indiatimes.com
  ​​The company which reported high 28 – 30 per cent growth in 2024 compared to 2023, is eyeing to double its turnover in the next 3 years, Rajesh Vohra, CEO, Artsana India (parent company of Chicco) said. ..
• OnePlus to invest Rs 6,000 cr in India biz over next 3 years
  06 December 2024, retail.economictimes.indiatimes.com
  ​​OnePlus is investing up to Rs 6,000 crore in its India operations over the next three years under ‘Project Starlight.’ The annual Rs 2,000 crore investment aims to enhance product innovation, improve customer service, and develop India-specific features, reinforcing the company’s commitment to the Indian market…
• Great Indian shopper goes silent while country may have two vicious circles to break
  06 December 2024, retail.economictimes.indiatimes.com
  ​​India’s recent economic slowdown, marked by a 5.4% GDP growth last quarter, has raised concerns. Lower government spending and contracting urban wages are contributing factors. This slowdown, impacting the urban middle class, could have significant political and economic consequences if it continues…
• K Raheja Corp buys two properties including Bayside Mall for Rs 355 crore in Mumbai
  06 December 2024, realty.economictimes.indiatimes.com
  ​​This is the second mall acquired by K Raheja Corp in south Mumbai this year after it purchased Central Mall, the country’s first mall, for Rs 476 crore from its erstwhile owner Kishore Biyani’s Bansi Mall Management Company. ..
• UK bans daytime TV ads for cereals, muffins and burgers
  06 December 2024, brandequity.economictimes.indiatimes.com
  ​​The UK government is banning daytime TV adverts for sugary foods like granola and muffins in its battle against child obesity, branding such popular items as junk food. “This government is taking action now to end the targeting of junk food ads at kids, across both TV and online,” said a media statement issued by the health secretary. ..
• From baggage to buggy-age: products as ‘transformers’
  06 December 2024, brandequity.economictimes.indiatimes.com
  ​​And on one such flight as I equipped myself to wheel my hand baggage and my own tired self across the jogging track a fellow passenger and their hand baggage both smiled at me. Then the handle of the baggage was lifted. The passenger sat on the bag , started maneuvering the handle and the wheels started moving. The hand baggage became a mobility vehicle and they zoomed away towards immigration leaving me and my baggage both in shock. I had just witnessed a Beetle Bag transform into Bumblebee for those familiar with the Transformer series and characters. ..
• Brands lining up for Rs 3,000 cr splash at Maha Kumbh
  05 December 2024, brandequity.economictimes.indiatimes.com
  ​​Indian companies are set to spend ₹3,000 crore on branding and marketing at the Maha Kumbh in Prayagraj, seeing it as a significant consumption opportunity with 400 million expected attendees. Major brands from various sectors are planning extensive on-ground activations and consumer engagement strategies to maximize their visibility and connect…
• Learnings from Black Friday sales: Insights for Indian companies
  05 December 2024, brandequity.economictimes.indiatimes.com
  ​​Black Friday’s deep discounts are becoming a year-round trend in India, impacting both consumer behavior and business strategies. While boosting sales, constant discounts raise concerns about long-term sustainability and brand value. The article explores how businesses, especially smaller ones, can shift from discount-driven growth to strategies focused on customer loyalty, operational efficiency, and strategic partnerships for sustained success…
• iPhone sales in India cross $10 billion by value in 2024; Samsung 2nd best
  05 December 2024, retail.economictimes.indiatimes.com
  ​​Apple achieved record iPhone shipments in India, crossing $10.7 billion in value. This surpasses sales of Hindustan Unilever and Nestle combined. Apple widened its lead over Samsung in the Indian smartphone market. The company shipped over 4 million iPhones in the last quarter. Apple’s growth is driven by older models, discounts, and high resale value…
• As Ambani and Tata lock horns, Indian consumers set to gain
  05 December 2024, retail.economictimes.indiatimes.com
  ​​Reliance and Tata are once again competing in the Indian retail market, with Reliance Retail challenging Tata Group’s Zudio with its new brand, Yousta. Launched in August 2023, Yousta aims to tap into India’s rapidly growing value fashion segment, which is known for offering stylish and affordable apparel…
• BigMuscles Nutrition eyes Rs 300 crore revenue in 2025; plans to add 200 EBOs in next 2 years
  05 December 2024, retail.economictimes.indiatimes.com
  ​​BigMuscles Nutrition, a fitness supplement brand, aims to achieve Rs 300 crore revenue by 2025. Having reached Rs 150 crore in 2023, the company plans to expand its offline presence with 200 new exclusive outlets in tier 1 and 2 cities by 2026, adding to the existing 50. It also plans to expand in the international markets including Arab and other Asian countries…
• Coffee is a huge opportunity, scaling up Starbucks business: TCPL CEO & MD
  03 December 2024, brandequity.economictimes.indiatimes.com
  ​​Tata Consumer Products plans to expand Tata Starbucks cafes in India to 1,000 by FY2027-28, recognizing a significant growth opportunity in the under-penetrated coffee market. Despite increased short-term losses due to expansion, the company is confident in achieving long-term profitability and aims to grow its vending business, Tata MyBistro…
• Small town demand for premium phones to drive India sales: Oppo
  03 December 2024, brandequity.economictimes.indiatimes.com
  ​​According to latest data by research firm IDC, Oppo — which completes 10 years in India — was the second top-selling brand in India with a market share of 13.9% in the July-September quarter, growing 47.6% year-on-year…
• Gen Z fuels social commerce boom
  03 December 2024, brandequity.economictimes.indiatimes.com
  ​​Social media platforms like TikTok, Instagram, and Snapchat are becoming popular shopping destinations for Gen Z, driving the growth of social commerce in India. Gen Z values sustainability and social responsibility, making social commerce appealing due to its convenience and immediacy. Technologies like AI and AR, along with influencer endorsements, enhance shopping experiences, providing personalized and seamless interactions…
• 43% of consumers call out ineffective chatbots as their top online shopping frustration: Report
  03 December 2024, brandequity.economictimes.indiatimes.com
  ​​Online shoppers are increasingly frustrated with ineffective chatbots, with 43 per cent citing this as a major issue according to a Kapture CX poll. AI chatbots struggle with complex queries and lack empathy, leading to dissatisfaction. Consumers prefer a hybrid model combining AI efficiency with human support for complex issues, emphasizing the need for more advanced, context-aware AI solutions…
• Competition from new entrants biggest risk for market leaders
  03 December 2024, retail.economictimes.indiatimes.com
  ​​Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share…
• Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report
  03 December 2024, retail.economictimes.indiatimes.com
  ​​In an era where online retailers dominate the market, brick-and-mortar electronic retailers in India continue to report healthy profitability, says a report by Nuvama…
• Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report
  03 December 2024, retail.economictimes.indiatimes.com
  ​​Retail space leasing in India’s major cities increased by nearly 5% from January to September 2024, reaching 5.53 million square feet. The retail real estate sector shows strength due to rising consumer spending and evolving preferences. High street leasing rose to 3.82 million square feet, although mall space absorption decreased to 1.72 million square feet…
• ICRA expects sequential revenue growth for India Inc in Q3
  03 December 2024, retail.economictimes.indiatimes.com
  ​​Kinjal Shah, Senior Vice President and Co-Group Head — Corporate Ratings, ICRA — said while corporate India witnessed a muted sequential revenue growth in Q2 FY2025, led by the ongoing slowdown in urban demand, lower government spending amid monsoon-related disruptions, the same is expected to improve in the upcoming quarters…
• Malls may cut multiplex space as cinema-led revenues shrink
  28 November 2024, realty.economictimes.indiatimes.com
  ​​Mall developers are reducing multiplex spaces in future projects due to declining footfall and revenues. Multiplexes now contribute only 6-7% of mall traffic, compared to 10% previously. The rise of OTT platforms and a lack of compelling content are cited as key reasons, prompting developers to allocate more space to other entertainment and F&B options…
• What Black Friday’s history tells us about holiday shopping in 2024
  28 November 2024, brandequity.economictimes.indiatimes.com
  ​​Industry forecasts estimate that 183.4 million people will shop in U.S. stores and online between Thanksgiving and Cyber Monday, according to the National Retail Federation and consumer research firm Prosper Insights & Analytics. Of that number, 131.7 million are expected to shop on Black Friday. At the same time, earlier and earlier Black Friday-like promotions, as well as the growing strength of other shopping events (hello Cyber Monday ), continue to change the holiday spending landscape…
• Food items may shed weight in CPI basket
  28 November 2024, retail.economictimes.indiatimes.com
  ​​A revision of India’s Consumer Price Index (CPI) is underway, potentially reducing the weightage of food items. This change, based on the latest Household Consumption Expenditure Survey, could lower both headline inflation and its volatility. Experts suggest this shift reflects changing consumption patterns and may lead to more stable inflation readings, closer to the RBI’s 4% target…
• The Common Man of TOI takes on conmen for NPCI
  28 November 2024, afaqs.com
  ​​In a series of comic strips created by indie agency tgthr, The Times of India’s septuagenarian cartoon hero warns readers about the increasing prevalence of digital scams…
• After Cola push, Reliance in ‘disruptive’ mode, again
  27 November 2024, retail.economictimes.indiatimes.com
  ​​Reliance Consumer Products offers double margins to distributors. The company aims to boost sales of its grocery and daily essentials. RCPL brands are priced lower than competitors. This strategy creates a price war. The company focuses on general trade channels. It offers support for distributor sales forces…
• Meesho launches Gen AI voice bot, reduces costs by 75%
  27 November 2024, retail.economictimes.indiatimes.com
  ​​Meesho launched a multilingual Gen AI-powered voice bot to improve customer support. The bot supports Hindi and English, handling 60,000 calls daily, resulting in 10% higher customer satisfaction and 75% lower call costs. Meesho plans to expand language support and manage all post-order queries via the bot within a year, while upskilling employees for complex calls…
• FMCG companies quick to profit from rising star of ecommerce
  27 November 2024, retail.economictimes.indiatimes.com
  ​​Consumer goods companies are experiencing higher profits through quick commerce compared to traditional channels. This is due to increased sales of premium products, lower distribution costs, and shorter credit periods. Companies are directly supplying quick commerce platforms, bypassing distributors, leading to improved margins and efficient inventory management…
• Retailers target brisk biz with Black Friday sale
  27 November 2024, financialexpress.com
  ​​Brands like H&M, Zara, Uniqlo, Samsung, Sony, Adidas, and Puma have taken centre stage this year with campaigns promoting their Black Friday sales…
• A cocktail lab in India tests the future of drinking worldwide
  27 November 2024, brandequity.economictimes.indiatimes.com
  ​​Diageo’s Flavor Lab in Bangalore, India, is experimenting with unique cocktail creations using local ingredients like dukshiri and sarsaparilla. The lab, located within a hospital, serves as a research and development center for Diageo, aiming to cater to India’s growing affluent consumer base and potentially introduce Indian craft spirits to the global market…
• Future of food delivery lies in hyperlocal, tech-enabled rapid delivery systems
  27 November 2024, brandequity.economictimes.indiatimes.com
  ​​Swish, a Bengaluru startup, promises hot meals in 10 minutes through optimized cloud kitchens. Swish controls the entire process, from preparation to delivery. The company plans to expand across Bengaluru and other major Indian cities. Swish aims to become the leading rapid delivery service in India. The idea behind Swish began with a simple observation: while quick commerce had rewritten the rules of retail play, 30-60 minute timelines continued to be the norm in food delivery…
• Quick commerce firms dangle discounts for bulk buys above Rs 1,000 cart size
  26 November 2024, retail.economictimes.indiatimes.com
  ​​Quick commerce platforms are shifting gears, encouraging bulk purchases by offering higher discounts for larger cart sizes. These companies are now offering higher-than-usual discounts on minimum orders of Rs 1,000-1,500, with the aim to improve unit economics…
• Do CEOs active on social media pose a risk to company’s goodwill?
  26 November 2024, brandequity.economictimes.indiatimes.com
  ​​Zomato CEO Deepinder Goyal’s recent hiring criteria and subsequent retractions highlight a growing trend of CEOs facing backlash for social media posts. While responsiveness is important, repeated incidents can impact a company’s reputation, attract regulatory scrutiny, and even affect stock valuation, as seen with Ola Electric and Paytm. Zomato rolled back its plan to colour code its veg fleet following social media backlash to Goyal’s previous day’s announcement of the plan…
• How brands added colour to Black Friday festivities
  26 November 2024, exchange4media.com
  ​​ Retailers such as Flipkart, Nykaa and Croma have been offering exclusive offers on gadgets and fashion with eye-catching campaigns to get customer attention…
• Is creativity logical, rule-breaking, or random by design?
  26 November 2024, afaqs.com
  ​​In advertising, creativity must balance logic and rule-breaking to stand out. It’s not enough to be right; you must disrupt conventions to capture attention and make an impact…
• Samsung Black Friday sale: Here are the top 5 smartphone deals
  26 November 2024, indianexpress.com
  ​​The Galaxy S and Galaxy Z series flagship smartphones are now available at all-time low prices as part of Samsung’s Black Friday sale…
• Luxury furniture brand Diviana to expand in Europe with €50 million investment
  23 November 2024, retail.economictimes.indiatimes.com
  ​​Indian luxury furniture brand Diviana is opening a flagship showroom in Milan’s Montenapoleone Fashion District. This is part of their €50 million European expansion plan, aiming to establish the brand as a leader in the contemporary luxury interiors market…
• India’s tech, durable offline retail market sees 10 pc growth amid rising rural consumption
  23 November 2024, retail.economictimes.indiatimes.com
  ​​Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday…
• Mall operators to see revenue growth of 10-12% in FY25: Report
  22 November 2024, realty.economictimes.indiatimes.com
  ​​High revenue growth last fiscal was driven by full-year contribution of malls launched towards the end of fiscal 2023, supplemented by the half year impact of those that were launched by mid last fiscal; on a like-to-like basis, revenue growth remained stable at ~5%…
• ‘Sin tax’ on sparkling drinks takes a toll on Parle Agro profit: Joint MD
  22 November 2024, brandequity.economictimes.indiatimes.com
  ​​”The decision to place fruit-based, non-caffeinated sparkling drinks in the sin tax category, taking GST on Appy Fizz up by to four times from 12% to 40%, had a massive impact on the overall business, which is dependent on specific price points,” Nadia Chauhan, joint managing director at Parle Agro, told ET. “This forced us to reduce the serving size to consumers,” she added…
• Bestseller India CEO and Country Head Vineet Gautam to step down
  22 November 2024, brandequity.economictimes.indiatimes.com
  ​​Vineet Gautam, CEO & Country Head of Bestseller India, is stepping down after 15 years. Gautam played a key role in establishing brands like Jack & Jones and Vero Moda in India. Bestseller’s CEO expressed gratitude for Gautam’s contributions and affirmed the company’s commitment to the Indian market. Mrithyunjay Amblimath, head of sales, will assume the role of interim leader…
• Tata CLiQ rebrands to Tata CLiQ Fashion
  22 November 2024, retail.economictimes.indiatimes.com
  ​​Tata CLiQ, the e-commerce platform, has undergone a rebranding, changing its name to Tata CLiQ Fashion. This shift also marks a move away from a broader marketplace approach to a more focused platform specializing in fashion and lifestyle products. The company aims to enhance the shopping experience with new features like virtual try-on and hyper-personalization…
• Uniqlo India aims to touch Rs 1,000-cr sales mark in FY’25, to increase local sourcing
  22 November 2024, retail.economictimes.indiatimes.com
  ​​Uniqlo India plans to achieve Rs 1,000 crore sales target in the current fiscal year. The company will expand its retail presence and increase local sourcing to 18% by 2025. Uniqlo India reported 30% growth last year and expects similar growth this year. The company sees strong growth potential in the Indian market…
• How Citykart is eyeing to become the Primark of India?
  22 November 2024, retail.economictimes.indiatimes.com
  ​​As India is becoming more fashionable, aspirational, and affluent, along with an improvement in the spending power of consumers, Citykart is planning to focus more on affordable fashion with global appeal…
• Indians prefer Q-commerce for daily essentials, physical stores for high-value buying
  22 November 2024, retail.economictimes.indiatimes.com
  ​​Quick commerce is the favoured mode to buy daily essentials for Indians, with 85 per cent of respondents choosing it for food and grocery purchases, a survey showed on Thursday…
• Consumers prepone wedding gold buys fearing further price hikes
  22 November 2024, retail.economictimes.indiatimes.com
  ​​Gold prices in Kolkata surged to ₹76,559 per 10 grams on Thursday, driven by fears of escalating tensions between Russia and Ukraine. This prompted consumers to rush to jewelry stores and place advance orders for the upcoming wedding season, anticipating further price hikes…
• Damson Technologies to invest Rs 200 crore to set up manufacturing facility in Gujarat; targets Rs 800 crore revenue in FY25
  22 November 2024, retail.economictimes.indiatimes.com
  ​​Damson Technologies will invest Rs 200 crore in a new manufacturing facility in Ahmedabad, Gujarat. The facility will focus on producing audio systems and home entertainment devices. It will have a monthly capacity of 1 million units. Moving forward, it aims to achieve a revenue target of Rs 800 crore this fiscal. The project is expected to create 500 direct jobs…
• India’s luxury Jewelry market is undeveloped: Adeesh Nahar
  21 November 2024, brandequity.economictimes.indiatimes.com
  ​​Rosa Amoris, founded by Adeesh Nahar, aims to redefine luxury jewelry in India with bespoke, high-quality diamond collections. Focused on brand building through social media and word of mouth, the brand plans to expand in India and the Middle East while maintaining a commitment to client satisfaction…
• Zara owner Inditex boosts fast fashion flights from India to avoid shipping delays
  21 November 2024, brandequity.economictimes.indiatimes.com
  ​​Zara’s parent company, Inditex, has significantly ramped up its use of air freight to transport clothing from Indian factories to Spain, aiming to circumvent shipping delays. While this strategy mitigates logistical challenges, it raises concerns about the environmental impact, potentially hindering Inditex’s goal of halving its indirect emissions by 2030…
• Subway to double its store count in India: Global CEO
  21 November 2024, retail.economictimes.indiatimes.com
  ​​The brand is betting big on India as it believes the country has the potential to continue staying as its number 2 growth market across the world in terms of the number of stores it is opening…
• Sanjay Dutt’s whisky brand The Glenwalk crosses 50,000 cases sales; targets 3 lakh cases by next fiscal
  21 November 2024, retail.economictimes.indiatimes.com
  ​​The Glenwalk, a premium Scotch whisky brand, has sold over 600,000 bottles within seven months of this fiscal, with Maharashtra emerging as its leading market. Aiming for a 500% sales increase, the brand plans to expand its presence to over 18 states and five countries…
• Restaurant chain Sigdi aims to open 100 outlets by 2026
  21 November 2024, realty.economictimes.indiatimes.com
  ​​Sigdi, a non-vegetarian fine dining restaurant chain, is on track to open its 100th location by next year. With ambitious expansion plans for both domestic and international markets, the company aims to surpass Rs 100 crore in revenue. Sigdi recently addded two new outlets in Anand, Gujarat, and Mira Road, Maharashtra…
• South Korean regulator cracks down on Chinese e-commerce platforms
  21 November 2024, retail.economictimes.indiatimes.com
  ​​South Korea’s antitrust regulator said on Wednesday it has issued corrective orders on 47 unfair terms and conditions found in the operations of two major Chinese e-commerce platforms, AliExpress and Temu…
• 4 Lakh jobs by 2025: Quick commerce boosts hiring as dark stores multiply
  21 November 2024, retail.economictimes.indiatimes.com
  ​​Blinkit, Zepto, and Swiggy Instamart are aggressively expanding their workforce, aiming to hire over 4 lakh people by March 2025. This hiring spree is fueled by the rapid growth of dark stores and expansion into new categories, marking a 60 per cent increase in their workforce…
• The Saree Renaissance: What marketers can learn from a 4,000-year-old product
  21 November 2024, exchange4media.com
  ​​ Guest Column: Manisha Kapoor, CEO & Secretary General of ASCI, writes on how saree as a product is experiencing a revival & the power of product upgrades For the past month, a particular saree and I had been stalking each other online…
• China’s Beijing, Shanghai announce tax breaks to boost property markets
  20 November 2024, realty.economictimes.indiatimes.com
  ​​Other major Chinese cities are widely expected to follow suit and the measures come on the heels of some tax breaks on home and land transactions unveiled by China’s finance ministry last week…
• Construction of new office space down by 4% in Q2 FY25: Vestian
  20 November 2024, realty.economictimes.indiatimes.com
  ​​Bengaluru’s share in absorption rose significantly from 25% in Q2 FY25 to 36% in Q3 FY25. And has 6.63 million sq ft absorption in Q3 FY25 while Hyderabad followed with 2.79 million sq ft. The share of Mumbai was reduced from 20% to 12% during the same period…
• Grocery chains vie for a place on Thanksgiving tables
  20 November 2024, brandequity.economictimes.indiatimes.com
  ​​While consumer perceptions of grocery prices is based on the cost of staples like eggs and milk, “the Thanksgiving meal has become essentially a new benchmark,” Jason Goldberg, chief commerce strategy officer at Publicis Groupe, a global marketing and communications company. It’s the occasion for the second-largest holiday meal for retailers behind the feasts that accompany the winter holidays. Compared with an average, Thanksgiving meal shopping delivered a $2.4 billion sales lift during the week before and after the holiday last year..
• AI vs the ‘Gut Marketer’
  20 November 2024, brandequity.economictimes.indiatimes.com
  ​​The world of marketing is buzzing with algorithms, each hinting at a faster, smarter future. But this author believes that the answer isn’t to replace brand marketers with ‘AI prompters’ but about finding the right balance between tech, intuition and creativity. In this column, he explains why the ‘gut marketer’ still has a creative edge over machines…
• Marriages and shopping in Oct-Dec may spur 40% hike in spends, boost retail demand
  20 November 2024, realty.economictimes.indiatimes.com
  ​​Retailers in India are anticipating a surge in sales during the second half of the financial year due to the increase in weddings. With 47 auspicious wedding days between October and March, businesses are expecting a 40% increase in spending compared to last year, driven by a higher number of weddings and increased spending per wedding…
• Zomato expects food delivery business to grow 30% annually over 5 years, exec says
  20 November 2024, retail.economictimes.indiatimes.com
  ​​Zomato’s food delivery business accounts for about 58% of its topline with the gross order value – encompassing food price, platform fees and delivery charges – at 322.24 billion rupees ($3.82 billion) last fiscal year, marking an average annual growth of 30% over the last four years…
• Shanghai to reduce taxes on real estate transaction from December 1: State media
  19 November 2024, realty.economictimes.indiatimes.com
  ​​China has been aiming to bolster the crisis-hit property market by increasing demand and easing developers’ financial difficulties, with its finance ministry last week unveiling tax incentives on home and land transactions…
• ED uncovers Amazon and Flipkart’s direct links with sellers
  19 November 2024, retail.economictimes.indiatimes.com
  ​​The Enforcement Directorate (ED) has uncovered evidence suggesting that Amazon and Flipkart exert significant control over their preferred sellers. Investigations revealed close ties between these sellers and the e-commerce giants, with evidence suggesting control over inventory, pricing, and profits. The ED is preparing a formal complaint alleging violations of foreign investment laws…
• ETRetailCafe: Forum Malls’ Md Ali on evolving role of marketing, impact of tech on malls
  19 November 2024, retail.economictimes.indiatimes.com
  ​​Muhammad Ali, CEO of Forum Malls, Prestige Group shares how consumer needs are evolving and how they have taken charge to define the success of any mall. He also discussed the evolving role of marketing and impact of tech on the success of malls…
• Makers of Simba beer foray into liquor space with ZigZag vodka
  19 November 2024, retail.economictimes.indiatimes.com
  ​​Currently, the brand has been launched in 3 states – Chattisgarh, Goa, and Delhi. The brand has launched it in four options – original, lime, orange, and green apple. These variants will be available in 3 sizes – 750ml, 375ml, and 180ml…
• Zepto ramping up café business; eyes Rs 1,000 ARR in next financial year
  19 November 2024, retail.economictimes.indiatimes.com
  ​​This comes at a time when Swiggy’s 10-minute food delivery service Bolt is active in key markets of Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune, and food-delivery startup Swish, which operates several cloud kitchens in Bengaluru’s HSR Layout and Bellandur areas, is bringing snacks, beverages, and meals in 10 minutes to customers…
• Small, homebred wearables brands exiting market due to narrow margin, Chinese competition
  19 November 2024, retail.economictimes.indiatimes.com
  ​​Several Indian wearable brands, including Play, Wings, Vingajoy, and Riversong, have ceased operations due to declining demand and low profit margins. The once-booming smartwatch market has shrunk, with fewer brands and a drop in shipments, particularly among those selling unbranded products from China. This decline coincides with the resurgence of Chinese brands capitalizing on the market shift…
• Decathlon partners with Myntra to expand reach across India
  19 November 2024, retail.economictimes.indiatimes.com
  ​​Sankar Chatterjee, CEO of Decathlon India said, “Myntra’s wide network presence and huge base of premium customers will enable us to showcase our diverse range of sports and fitness products to millions of shoppers, allowing us to inspire more individuals to embrace an active lifestyle and stay true to our purpose of moving people through the wonders of sports in India.”…
• Branded as tasteful, we can serve it up
  18 November 2024, brandequity.economictimes.indiatimes.com
  ​​India’s diverse culinary heritage needs protection from globalization. The article proposes a system of geographical indication and standardized processes for traditional recipes, similar to France and Japan. This approach empowers local communities, preserves culinary traditions, and boosts tourism by creating a sustainable ecosystem around artisanal food…
• How malls strategize to blend experience, tech & community building – with Rajneesh Mahajan, Inorbit Malls
  18 November 2024, retail.economictimes.indiatimes.com
  ​​In this episode, CEO of Inorbit Malls, Rajneesh Mahajan shares his insights with ETRetail’s Anurag Sharma on how malls are transforming to meet the demands of today’s experience-driven, digitally-savvy consumers. With topics ranging from the rise of “retail-tainment” to the role of technology and data in enhancing customer engagement, this conversation will uncover the strategies Inorbit Malls is implementing to foster community, support new-age D2C brands, and bridge the online and offline shopping worlds…
• Focus must be to move per capita consumption: Colgate India MD
  18 November 2024, retail.economictimes.indiatimes.com
  ​​In India, oral care consumption is very low and even markets such as the Philippines consume 1.8 times and Brazil 3.1 times compared to India. The company said oral health in India is often neglected and consumers don’t take preventive action until it’s too late. More than half the people do not brush daily in Indian villages and just a fifth brush twice a day in the cities. Eight out of 10 people have undiagnosed cavities, with only one out of 10 people going to the dentist…
• Zomato launches District app for movies, events, dining out bookings
  18 November 2024, retail.economictimes.indiatimes.com
  ​​Zomato’s new app, District, for its going-out vertical, includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. Zomato aims to create ‘super brands’ instead of ‘super apps’…
• India to be in focus for high-street fashion manufacturers: Report
  18 November 2024, retail.economictimes.indiatimes.com
  ​​India is poised to become a major player in the global fashion market, attracting high-street brands seeking growth and manufacturing opportunities. McKinsey & Company reports that India’s expanding middle class, young demographics, and government incentives are driving this surge in the fashion sector…
• Fragrances segment grows at 12% in Jan-Sept, nearly double the expansion in personal care, as demand jumps and cos hike reach: Report
  18 November 2024, retail.economictimes.indiatimes.com
  ​​Despite an overall decline in consumer spending, the fragrance industry in India is experiencing remarkable growth. Driven by increased distribution and a growing interest in personal grooming, sales of fragrances, particularly roll-on deodorants, have surged…
• Online spends through credit cards rose sharply in festive sale season
  18 November 2024, retail.economictimes.indiatimes.com
  ​​Credit card users in India spent more online in September, driven by e-commerce discounts and festive sales. Online card spending reached Rs 1,15,168 crore in September, surpassing in-store spending. E-commerce platforms like Flipkart and Amazon saw significant sales growth, particularly in mobile phones and electronics. ..
• India’s wine industry set to more than double in size by 2028, riding a 20% CAGR, says report
  18 November 2024, thehindubusinessline.com
  ​​The Indian wine industry, currently around ₹1,400 crore or $175 million in size, is one of the fastest-growing alcobev segments, according to a report by Prowess Group. The segment is expected to grow at a compound annual growth rate (CAGR) of 20 per cent to reach ₹3,500 crore or $440 million by 2028…
• Blackstone eyes 20% stake in India Haldiram’s snacks at $8 bln valuation, sources say
  15 November 2024, retail.economictimes.indiatimes.com
  ​​Blackstone has shifted gears in its pursuit of Haldiram’s snacks business, aiming for a 20% stake at a $8 billion valuation after plans for a majority acquisition fell through. Haldiram’s, seeking a $12 billion valuation, has also drawn interest from other potential investors, including Bain Capital, Temasek, and ADIA…
• Gold buying for weddings slows as consumers expect further fall in price
  15 November 2024, retail.economictimes.indiatimes.com
  ​​Indian consumers are holding back on purchasing gold jewelry for the upcoming wedding season, anticipating a further dip in prices. The price of gold has already fallen over 6% since Trump’s election victory, attributed to a strengthening dollar. While jewelers are hesitant to restock, some experts predict another price correction before a potential surge in January or February…
• India festive season sales log 12 pc growth at Rs 1.18 lakh crore, smaller cities lead
  15 November 2024, retail.economictimes.indiatimes.com
  ​​Driven by tier 2 and 3 cities, India’s e-commerce sector registered a gross merchandise value (GMV) of approximately $14 billion (more than Rs 1.18 lakh crore) in this year’s festive season, marking a 12 per cent growth over last year’s festive period, a report said on Wednesday…
• Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says
  15 November 2024, retail.economictimes.indiatimes.com
  ​​Sales of personal luxury goods are projected to decline by 2% this year, marking the industry’s weakest performance since the 2008-09 financial crisis. This downturn, attributed to price increases and economic uncertainty, has particularly impacted China, a key market for luxury brands. The shrinking customer base and shift towards higher price points have prompted concerns about the industry’s recovery timeline…
• SKFS acquires Mirah Hospitality to grow its food services business pan-India
  15 November 2024, retail.economictimes.indiatimes.com
  ​​SKFS Group is expanding its food services business with the acquisition of Mirah Hospitality & Gourmet for ₹80 crore. Mirah Hospitality, known for brands like Rajdhani and Hitchki, will become a subsidiary of SKFS Group and aims to expand pan-India and internationally. This deal reflects a broader trend of consolidation in the Indian food and beverage sector, fueled by growing competition and a burgeoning market projected to reach ₹7 lakh crore. ..
• India’s smartphone market to exit 2024 with single-digit annual growth
  15 November 2024, retail.economictimes.indiatimes.com
  ​​India’s smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report…
• The evolving relationship Indians have with money
  15 November 2024, brandequity.economictimes.indiatimes.com
  ​​It’s a new era of spending, savoring and surprising twists. Raised with frugal values, Indians always emphasised saving over spending, yet there are examples of planning a luxury vacation in their 70s. This unexpected shift is symbolic of a broader change in India’s relationship with money: where once prudence ruled, we now see growing comfort with spending, adventure, and embracing life’s finer experiences…
• Not buying shoes? Bata India MD Gunjan Shah says inflation has hit lower-price segment customers
  14 November 2024, retail.economictimes.indiatimes.com
  ​​Bata India is adjusting its strategies due to changing consumer spending patterns. The company is introducing more affordable products and partnering with quick commerce platforms like Zepto to cater to budget-conscious consumers while continuing its premiumization efforts and offline expansion plans…
• Quick Commerce captures nearly half of Kirana sales; market projected to hit $40 billion by 2030
  14 November 2024, retail.economictimes.indiatimes.com
  ​​India’s quick commerce market is booming and is set to reach USD 40 billion by 2030. This surge is driven by consumer demand for fast deliveries, with 46% of consumers reducing their reliance on traditional Kirana shops. Quick commerce platforms are projected to capture 21% of total Kirana sales by 2024…
• A winter wish to warm up buyers
  14 November 2024, retail.economictimes.indiatimes.com
  ​​Indian retailers are preparing for the upcoming winter shopping season despite a slowdown in consumer spending. They are ensuring ample inventory to avoid missing sales opportunities. While demand for winter wear has been unpredictable in recent years, retailers remain optimistic about sales. They are hoping for a strong winter to boost sales of seasonal products…
• After e-commerce, it’s time for gCommerce: Nazara, ONDC launch new in-game shopping platform
  14 November 2024, retail.economictimes.indiatimes.com
  ​​Nazara Technologies and ONDC partnered to launch gCommerce. The platform will integrate e-commerce within games. It will provide Indian game developers with new revenue options. gCommerce will connect players to sellers on the ONDC network. Players can shop without leaving the game. The platform will roll out for developers by Q1, FY26…
• Amazon launches an online discount storefront to better compete with Shein and Temu
  14 November 2024, retail.economictimes.indiatimes.com
  ​​In a blog post on Wednesday, the company said the new Amazon Haul storefront will mostly feature products that cost less than $10 and offer free delivery on orders over $25…
• Wrangler launches six new stores, aims 60 new outlets by 2025
  14 November 2024, retail.economictimes.indiatimes.com
  ​​Wrangler has expanded its retail footprint in India with the inauguration of six new stores. Located in Ujjain, Goa, Indore, Bilaspur, Katihar, and Bareilly, these additions bring Wrangler’s total store count to 58 across India…
• India Glycols partners Amrut Distilleries, plans to demerge spirits biz
  14 November 2024, retail.economictimes.indiatimes.com
  ​​As part of its strategy to enter the premium whisky market — that is witnessing the fastest growth in the alchoBev segment — IGL will distribute and sell select Amrut brands in the premium segment across markets in north India…
• Elista targets Rs 1,500 crore revenue by 2026
  14 November 2024, retail.economictimes.indiatimes.com
  ​​Indian consumer electronics brand Elista plans to expand globally. The company aims to generate Rs 1,500 crore in revenue by 2026. Elista will expand its presence in over 35 countries in the next two years. The brand recently entered the Tanzanian market…
• Fake clicks, real problems: Addressing the bot-click apocalypse
  14 November 2024, brandequity.economictimes.indiatimes.com
  ​​Email marketers face a new challenge: bot clicks. These automated clicks can inflate metrics and hurt campaigns. Marketers are learning to analyze click timing and segment their audience to combat this. Email verification tools are also becoming increasingly important. Despite these challenges, marketers are adapting to ensure accurate reporting and effective campaigns…
• Housing costs keep consumers away from biscuits: Britannia’s Varun Berry
  14 November 2024, brandequity.economictimes.indiatimes.com
  ​​Britannia Industries reported a 10% drop in profit for the quarter ended September as surging housing costs and low income growth in urban areas led to a slowdown in demand for fast-moving consumer goods. While rural demand has been stable, urban demand has seen a significant downturn, mirroring global trends of consumer confidence returning but wages lagging behind inflation…
• FSSAI sets this 45-day expiry condition for e-commerce companies
  14 November 2024, brandequity.economictimes.indiatimes.com
  ​​India’s food safety authority, FSSAI, has set new guidelines for online food platforms like Swiggy, Zomato, and BigBasket. The platforms must ensure delivered food products have at least 30% of their shelf life remaining or 45 days before expiry. This initiative aims to prevent the delivery of expired food and promote safe food handling…
• Reliance Retail shutting down Centro outlets temporarily
  14 November 2024, brandequity.economictimes.indiatimes.com
  ​​Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold…
• Reliance Retail shutting down Centro outlets temporarily
  13 November 2024, retail.economictimes.indiatimes.com
  ​​Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold…
• FSSAI steps up scrutiny on quick commerce companies over product shelf life
  13 November 2024, retail.economictimes.indiatimes.com
  ​​India’s food safety regulator directed e-commerce and quick commerce companies to follow shelf life guidelines for packaged food deliveries. The regulator emphasized a minimum remaining shelf life of 30% or 45 days upon delivery. This action follows complaints about companies not disclosing expiry dates. The regulator stressed the importance of clear expiry dates and adherence to labeling regulations…
• Bhutani Group acquires Logix City Center in Noida
  13 November 2024, retail.economictimes.indiatimes.com
  ​​Bhutani Group acquired Logix City Center for nearly Rs 1,000 crore. The deal includes 1.2 million sq ft of retail, office and hospitality space. Bhutani Group also secured land with potential for a 600,000 sq ft residential project. The company recently won a bid to develop Film City near Noida’s upcoming airport…
• Colgate will be a preferred choice in the market amid rising snacking culture, says CFO Jacob
  13 November 2024, retail.economictimes.indiatimes.com
  ​​Colgate-Palmolive India is experiencing growth in the expanding oral care market. The company reported a 10% rise in revenue. However, it recognizes market difficulties like fluctuating demand and rising costs. Colgate remains dedicated to improving oral health awareness in India. It aims to achieve this through education and product innovation. The company is focused on sustainability and social responsibility initiatives…
• Government mulls 5% cut in electronics imports to boost domestic production from FY25: sources
  13 November 2024, retail.economictimes.indiatimes.com
  ​​Although stakeholder discussions are still going on, the 5% cut of the total import quota will be implemented from April 1 of the upcoming fiscal. This cut is based on the data provided by the Directorate General of Commercial Intelligence and Statistics…
• Rajasthan government plans to develop hi-tech city near Jaipur
  13 November 2024, realty.economictimes.indiatimes.com
  ​​Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur…
• Nestle’s KitKat signs Formula 1 deal for broader appeal
  13 November 2024, brandequity.economictimes.indiatimes.com
  ​​”(The deal is) a key part of our strategy to move from what’s a very local model today, very fragmented,” said Chris O’Donnell, KitKat’s global category leader, declining to disclose the monetary value of the deal. KitKat’s global marketing budget has risen nearly 20% so far this year, and the brand is valued at over 2 billion Swiss francs ($2.29 billion) worldwide, O’Donnell said…
• Trump effect: iPhone’s India output may double to $30 billion annually
  11 November 2024, retail.economictimes.indiatimes.com
  ​​Apple could double its iPhone production in India to over $30 billion annually if the US imposes tariffs on Chinese imports. This shift could create 200,000 jobs and increase India’s share in iPhone production to over 26%. However, the move depends on US policy and India’s ability to address cost and policy challenges…
• Mukesh Ambani’s big move: Reliance enters snack market to challenge Haldiram & Britannia
  11 November 2024, brandequity.economictimes.indiatimes .com
  ​​Reliance Industries chairman Mukesh Ambani is planning big about the snacks business expansion. The company’s plan to enter into the consumer markets, especially snacks has triggered a competition…
• Why brand authenticity matters for brands
  11 November 2024, brandequity.economictimes.indiatimes.com
  ​​Expectations from a brand and the consequent brand evaluations are predominantly the result of brand positioning and subsequent brand proposition claims. While several perspectives are associated with Brand Authenticity, this is an attempt to provide illustrative examples of brand authenticity drawn from three different domains- namely functional, symbolic and experiential, as these form a fundamental platform on which brands make brand promises or claims that may drive brand authenticity…
• Retail space leasing in malls, main high streets falls 1% to 1.63 million sq ft during Jul-Sep 2024: Report
  08 November 2024, realty.economictimes.indiatimes.com
  ​​Real estate consultant Cushman & Wakefield on Thursday released its Q3-2024 ‘Retail Market Beat’ report, which highlighted a sustained momentum across India’s main streets, leading retail growth across the top 8 cities…
• Blackstone to acquire Retail Opportunity Investments Corp in $4 billion deal
  08 November 2024, realty.economictimes.indiatimes.com
  ​​Owners of strip malls, pharmacy chains and retail stores have managed to pass on increased costs from high inflation to consumers over the past year, benefiting landlords like ROIC…
• Brigade Group to jointly develop one million sq ft residential project in Chennai
  08 November 2024, realty.economictimes.indiatimes.com
  ​​The project, located in West Chennai will be developed as part of a 1.5 million sq ft mixed-use development and will have a gross development value (GDV) of about Rs 800 crore…
• ED searches sellers using Amazon, Flipkart platforms in FEMA probe
  08 November 2024, retail.economictimes.indiatimes.com
  ​​The action is related to the financial transactions being done by some of the “preferred” vendors and sellers who do business through Amazon and Flipkart like e-commerce platforms…
• Rural consumption grows double than urban market in Sep qtr: NielsenIQ
  08 November 2024, retail.economictimes.indiatimes.com
  ​​India’s fast-moving consumer goods market experienced growth in the third quarter. Rural areas drove this growth, surpassing urban areas in consumption. Small and medium FMCG companies rebounded, exceeding the growth of larger companies. The food segment played a significant role in this recovery. Volume growth showed improvement, particularly in essential food categories…
• Geopolitical turmoil weighs on McD’s sales in West, South India
  07 November 2024, retail.economictimes.indiatimes.com
  ​​McDonald’s sales in West and South India have been hit by geopolitical turmoil, with some stores seeing sales halved due to anti-American sentiment following the Israel-Gaza war. The company hopes to see improvement in the second half of the year as it believes the negative cycle is behind them…
• Premium choice! Delhi Govt to open more shops in malls for you to buy preferred brand of liquor
  07 November 2024, retail.economictimes.indiatimes.com
  ​​To enhance the liquor buying experience, the Delhi government is opening premium liquor stores in malls. These shops will offer a wider selection of upmarket Indian and foreign brands, replicating the successful model from the 2021-22 excise policy…
• India to see uptick in imported inflation
  07 November 2024, financialexpress.com
  ​​Besides pharmaceuticals, other export-oriented sectors, such as textiles, may face challenges due to potential increases in tariffs and a more protectionist stance from the Trump administration…
• IHCL acquires majority stake in Ambuja Neotia Group’s Rajscape Hotels
  06 November 2024, realty.economictimes.indiatimes.com
  ​​ IHCL in an exchange filing stated that its board has approved the execution of an agreement to acquire about 55 per cent equity shares “for an amount not exceeding Rs 18 crore in Rajscape Hotels Private Limited”…
• More pain in store as FMCG prices inch up
  06 November 2024, retail.economictimes.indiatimes.com
  ​​While price increases will translate into value growth for FMCG players, volume growth will be a challenge. In fact, companies are feeling the pinch on the ground. While urban India is curtailing consumption due to high food inflation, rural spending is not compensating enough for the urban slowdown…
• With rising luxury spending abroad, luxury brands go extra mile to tap Indian travellers
  06 November 2024, retail.economictimes.indiatimes.com
  ​​Indian travelers are increasingly splurging on luxury goods while abroad, with spending in this category skyrocketing by 250% in recent years. Travel companies and luxury brands are responding by incorporating premium shopping experiences into their itineraries and offering exclusive perks to attract Indian shoppers…
• DeVANS plans to expand its liquor portfolio extensively by introducing gin, RTD and vodka
  06 November 2024, retail.economictimes.indiatimes.com
  ​​When asked about investments, Prem Dewan, CMD of DeVANS candidly said, “Investment is a continuous process for us towards expansion and product improvement. However, going public in another 4-5 years could be an option.”..
• Greenwashing rules push startups to reevaluate marketing and packaging strategies
  06 November 2024, brandequity.economictimes.indiatimes.com
  ​​The Central Consumer Protection Authority (CCPA) on October 15 introduced guidelines that restricted the use of such terms in advertisements unless backed by scientific evidence or third-party certification, aiming to promote transparency. Greenwashing, according to the government, is a tactic used by some companies to exaggerate or fabricate environmental claims. Firms often use vague terms such as ‘natural’, ‘sustainable’ or ‘eco-friendly’ without proof, misleading consumers and undermining real sustainability efforts…
• Many retailers offer ‘returnless refunds.’ Just don’t expect them to talk much about it
  06 November 2024, brandequity.economictimes.indiatimes.com
  ​​Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products. Companies such as Amazon, Walmart and Target have decided some items are not worth the cost or hassle of getting back. Think a $20 T-shirt that might cost $30 in shipping and handling to recover. ..
• Banner ad turns 30: How a simple rectangular ad transformed the marketing landscape
  06 November 2024, exchange4media.com
  ​​ Banner ad’s journey serves as a reminder of how far digital advertising has come – from simple clickable rectangles to sophisticated, data-driven campaigns that prioritize personalization & engagement…
• Blackstone in talks to acquire Retail Opportunity Investments Corp in $3.4 billion deal
  05 November 2024, realty.economictimes.indiatimes.com
  ​​Blackstone is likely to prevail in the auction for ROIC that has also attracted interest from other private equity firms, including Bain Capital, the sources said…
• FSSAI sets stricter rule for antibiotics in food items
  05 November 2024, brandequity.economictimes.indiatimes.com
  ​​India’s food safety regulator, FSSAI, has revised antibiotic residue norms for meat, milk, poultry, eggs, and aquaculture to combat growing antimicrobial resistance. Effective from April 2025, the new limits aim to ensure safer food products by setting stricter contaminant limits, amid rising concerns over antibiotic misuse in agriculture and healthcare…
• Maruti Suzuki looks to cash in on ‘few lakh marriages’ in November to carry festive sales momentum
  05 November 2024, brandequity.economictimes.indiatimes.com
  ​​Maruti Suzuki India achieved record retail sales of 2,02,402 units in October, driven by festive demand. The company is optimistic about sustaining this growth momentum in November, aided by a high number of marriages anticipated across the country. They project 4-5% growth for the ongoing fiscal year and have successfully managed inventory levels…
• A TV as big as a bed? With the holidays approaching, stores stock more supersize sets
  05 November 2024, brandequity.economictimes.indiatimes.com
  ​​The 38.1 million televisions sold with a width of at least 97 inches between January and September represented a tenfold increase from the same period last year, Circana said. Best Buy, the nation’s largest consumer electronics chain, doubled the assortment of hefty TVs – the 19 models range in price from $2,000 to $25,000 – and introduced displays in roughly 70% of its stores…
• Festive sales end with a bang, after Rs 1 lakh crore of clicks
  05 November 2024, brandequity.economictimes.indiatimes.com
  ​​Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliances grew by 30% over last year, while the fashion and beauty premium portfolio saw an over 400% spike vs business-as-usual (BAU) in categories like watches, fragrance, K-beauty, jewellery, handbags, sportswear, luggage, and kids-wear,” Amazon said in a statement…
• Indians go premium to do the laundry
  05 November 2024, brandequity.economictimes.indiatimes.com
  ​​Premium detergents now reach 75% of Indian households, driven by liquid variants. Despite the pandemic-induced stagnation in overall sales, premium detergents have grown, with liquid formats seeing double-digit penetration. Brands like HUL’s Surf Excel and Godrej’s Ezee lead this segment, foreseeing further growth…
• After Diwali and festivities, traders’ focus shifts to wedding season
  04 November 2024, retail.economictimes.indiatimes.com
  ​​Following a successful Diwali season, Indian traders are gearing up for substantial business during the upcoming wedding season starting on November 12, with 48 lakh weddings expected to generate about Rs 6 lakh crore in business. Consumer preference is shifting towards Indian products, reflecting the ‘Vocal for Local’ initiative…
• Festive Sales End with a Bang, After ₹1 Lakh Cr of Clicks
  04 November 2024, economictimes.indiatimes.com
  ​​Ecommerce platforms recorded total sales of nearly ₹1 lakh crore (about $11.9 billion) during the month-long festive season that ended last week, expanding by well over a fifth from the previous year, industry data revealed…
• NARS Cosmetics eyes top 3 spot in India’s luxury beauty market, plans to double retail presence
  04 November 2024, retail.economictimes.indiatimes.com
  ​​Highlighting the brand’s expansion trajectory in terms of physical retail presence, Sanjay Sharma, Country Head of Shiseido India said that since launching with 15 touchpoints last year, NARS has already doubled its reach to 30 points in India and plans to double again in the next two years…
• How Diwali UGC campaigns brought brands closer to consumers
  04 November 2024, exchange4media.com
  ​​User-generated content (UGC) has long served as relatable advertising. Yet, as brands doubled down on it this Diwali season, they showcased the potential for authentic engagement…
• Q-commerce sees consumers order gold, silver coins
  02 November 2024, brandequity.economictimes.indiatimes.com
  ​​BigBasket partnered with Tanishq for the sale of gold and silver coins. Swiggy Instamart partnered with brands like Malabar Gold and Diamonds, Muthoot Exim and Jar and Blinkit partnered with Malabar, Joyalukkas and MMTC to provide certified coins…
• AO Smith completes acquisition of Pureit Business from HUL
  01 November 2024, retail.economictimes.indiatimes.com
  ​​A. O. Smith Corporation has completed its acquisition of HUL’s water purification business Pureit. This move aligns with A. O. Smith’s strategy to expand its water treatment product portfolio and distribution. Pureit’s water purification solutions are available in various countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico…
• Aditya Birla Asset Reconstruction Company to wind down India operations
  01 November 2024, realty.economictimes.indiatimes.com
  ​​The move follows recent exits by Arcion Revitalization – a JV between Apollo Global and ICICI Bank – and Lone Star India, underscoring the increasing challenges in India’s ARC sector as non-performing loans (NPLs) hit a 12-year low…
• Retailers, brands say festive sales are higher, but flag weak sentiment
  01 November 2024, retail.economictimes.indiatimes.com
  ​​This Diwali, luxury sales have been mixed for retailers and brands, with some experiencing double-digit growth and others seeing weaker performance. While watches and certain accessory categories performed well, overall sentiment was subdued. Gifting trends have driven demand, especially in segments like beauty, fragrances, home, jewellery, and watches…
• ETRetailCafe: Snitch’s Siddharth Dungarwal on revolutionising apparel retail in India
  29 October 2024, retail.economictimes.indiatimes.com
  ​​Siddharth Dungarwal, founder, Snitch shares how he introduced the apparel brand Snitch, changes the way retail is done in India, and how he is succeeding in both online and offline categories…
• Marico-owned Just Herbs eyes rapid expansion, enhances Indian market presence
  29 October 2024, retail.economictimes.indiatimes.com
  ​​Marico Limited finalized its acquisition of Just Herbs in September 2024, securing the remaining 40% equity in Apcos Naturals Private Limited, which owns the Just Herbs brand. With this acquisition, Just Herb’s expansion momentum is poised to accelerate…
• Merlin Group looks to double its revenue over the next 7-8 years
  29 October 2024, realty.economictimes.indiatimes.com
  ​​”We have been growing steadily year on year for the past 40 years. The group is currently developing 40 million square feet that is projected to yield a total sales of Rs 20,000 crore in the coming 7-8 years,” Merlin Group managing director Saket Mohta said…
• Retention marketing: The art of driving growth and balanced engagement
  29 October 2024, brandequity.economictimes.indiatimes.com
  ​​Notifications aren’t just for laughs; they’re part of a larger, more sophisticated retention marketing plan. Retention marketing aims to retain customers by driving repeat purchases and cultivating long-term connections. While client acquisition is frequently discussed in digital marketing, the retention part is something that drives long-term growth. Industry trends highlight how acquiring a new client is five to twenty-five times more expensive than retaining an existing one…
• Online-like prices, gifts, retailers find ways to beat e-com firms
  28 October 2024, retail.economictimes.indiatimes.com
  Electronics stores in Lucknow are launching promotional offers to attract festive shoppers. These include gifts, lucky draws, and EMI options. Store owners expect increased customer visits from Dhanteras to Diwali. Despite low pre-bookings, they anticipate a 20-30% rise in sales. Online offers are still a challenge to match…
• YouTube partners Flipkart, Myntra to launch Shopping Affiliate programme
  28 October 2024, retail.economictimes.indiatimes.com
  The YouTube Shopping affiliate programme adds to existing monetisation options like ad revenue, YouTube premium, channel memberships and fan-driven features to help creators earn revenue. YouTube’s creator economy has generated Rs 16,000 crore of economic activity and created 7,50,000 jobs in India, chief executive Neal Mohan said in an interview with ET…
• India’s green fashion lovers switch to secondhand
  28 October 2024, retail.economictimes.indiatimes.com
  India’s enormous garment sector churns out billions of dollars’ worth of new clothes each year, but some local fashion lovers are switching to secondhand to assuage worries about the industry’s environmental impact. India is the world’s fifth biggest garment exporter, with the trade worth $15 billion in 2023, according to the World Trade Organization…
• United Breweries cheers to new beginnings; to debut premium Dutch beer Amstel in India
  28 October 2024, retail.economictimes.indiatimes.com
  United Breweries will introduce Amstel Grande, a Dutch premium beer, in India. This announcement comes as demand for premium beers rises by 27% in the second quarter of FY2025. Heineken NV, the promoter of United Breweries, also reported growth in its premium beer volumes, driven by Kingfisher Ultra and Heineken…
• Tatas to enter red-hot quick commerce space with ‘Neu Flash’
  28 October 2024, retail.economictimes.indiatimes.com
  Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion…
• Arvind Fashions targets Rs 1,000 cr revenue for Flying Machine with Gen Z focus and influencer Orry collaboration
  28 October 2024, retail.economictimes.indiatimes.com
  Arvind Fashions, led by MD and CEO Shailesh Chaturvedi, targets doubling Flying Machine’s revenue from Rs 500 crore to Rs 1,000 crore as it is focusing on Gen Z and Millennials, collaborating with internet personality Orry. Further, the brand plans to double its store count and increase online presence, anticipating digital sales to grow from 25 per cent to nearly 30 per cent of total revenue by targeting both urban centers and small towns…
• Amazon India strengthens workforce to meet festive demand; focus on tier 2, 3 regions
  28 October 2024, retail.economictimes.indiatimes.com
  ​​For this festive season, Amazon India has ramped up its logistics network, to ensure faster deliveries on over 4 million products, with no-cost same-day options for Prime members. The company has onboarded 1.10 lakh new associates, including 1,900 persons with disabilities, to meet increased demand…
• Mass goods lie low, premium party on a high
  28 October 2024, retail.economictimes.indiatimes.com
  Global corporations like Unilever and Coca-Cola report a temporary dip in sales of daily essentials in India. Despite this, there is strong demand for premium and discretionary products. Companies are optimistic about future growth, especially with India’s increasing income levels and urbanisation driving demand for higher-end goods…
• Smartphone sales sizzle ahead of Diwali
  28 October 2024, retail.economictimes.indiatimes.com
  Smartphone sales have seen a significant upturn ahead of Diwali, aided by heavy discounts, higher retailer margins, and increased production. Major metros like Delhi and Mumbai have experienced a 30% rise in footfalls. Premium smartphones and budget 5G models are in high demand, driving optimism among retailers…
• Festive sales: Buoyed by online sales & premiumisation, appliance makers expect up to 30% growth
  28 October 2024, retail.economictimes.indiatimes.com
  This festive season, premiumisation is the flavour, where consumers are willing to pay extra for features such as energy efficiency, higher capacity and larger size and even showing interest in the high-end AI & IOT Technology-driven products, industry leaders said…
• Inbrew Beverages, TPG Capital in race to buy Imperial Blue, India’s third-largest whisky brand
  28 October 2024, retail.economictimes.indiatimes.com
  Ravi S Deol’s Inbrew Beverages and TPG Capital are bidding to acquire Imperial Blue whisky from Pernod Ricard. Due diligence will begin soon, with final bids to follow. Imperial Blue, launched in India in 1997, is the country’s third-largest whisky brand. The sale involves high valuation and the inclusion of assets and Scotch supply guarantees…
• Brand makeover: repositioning in a dynamic environment
  28 October 2024, brandequity.economictimes.indiatimes.com
  Brand Repositioning is a broad- based concept. Even an introduction of a brand variant in the same category, (for instance Ethnix from Raymond’s) or a variant in a related category (Dove hair oil and face wash in cosmetics), is likely to have an impact on the original associations developed for the respective brand. The consumer’s sub-conscious mind also plays an important role in their perception of brand associations. ..
• KFC, Pizza Hut remove onions from menu post McDonald’s E Coli scare
  28 October 2024, brandequity.economictimes.indiatimes.com
  Fast-food giants KFC and Pizza Hut have opted to remove onions from their menus as a precaution after an E. coli outbreak associated with McDonald’s resulted in 49 reported cases. The outbreak, traced back to onions from Taylor Farms, led to recalls and heightened caution within the industry. According to report in Newsweek, at least 10 people were hospitalised and one person in Colorado has died following E coli (Escherichia coli) infections linked to McDonald’s Quarter Pounder hamburgers…
• Siyaram’s invests Rs 40 crore to introduce next-gen value retail brand Zecode to capture the rising demand
  25 October 2024, retail.economictimes.indiatimes.com
  By this fiscal end, the brand plans to open 25 stores of Zecode in and around Karnataka. It will be opening its stores in two different formats – one ranging between 4,000 – 6,000 sq.ft and the other ranging from 7,000 – 9,000 sq.ft…
• Adani Wilmar readies new plan for premium outlets, targets more AI use in sales ops
  25 October 2024, retail.economictimes.indiatimes.com
  Adani Wilmar reported a consolidated Q2 profit of Rs 311 crore, bouncing back from a loss last year. It is focusing on boosting sales productivity, expanding its rural distribution network to reach 50,000 towns by FY’25, and leveraging technology for targeted selling. The e-commerce channel showed rapid growth with revenue significant increases…
• Apple plans to hire 400 people for new retail stores in Bengaluru, Pune, Delhi-NCR and Mumbai
  25 October 2024, moneycontrol.com
  PepsiCo and Coca-Cola are exploring launching soft drinks that are 15-20% cheaper than their mainstream brands to sell mainly in regional markets and counter increasing threat from Reliance Consumer Products’ Campa, beverage industry executives aware of the matter said…
• McCain Foods turns on the jugalbandi in Diwali campaign
  25 October 2024, brandequity.economictimes.indiatimes.com
  McCain foods India launches ‘McCain Banega Diwali Ka Maza Badhega’ campaign to foster unity among families. The campaign uses snacks to bring different generations together during Diwali. Activities include a digital video, social media content, and influencer collaborations. McCain aims to create unity and joy in family gatherings through engaging and fun initiatives…
• Pepsi & Coca-Cola exploring launching budget-friendly drinks as Reliance’s Campa gains ground in regional markets
  24 October 2024, economictimes.indiatimes.com
  PepsiCo and Coca-Cola are exploring launching soft drinks that are 15-20% cheaper than their mainstream brands to sell mainly in regional markets and counter increasing threat from Reliance Consumer Products’ Campa, beverage industry executives aware of the matter said…
• Clothing brands see upbeat consumer sentiment this Diwali; expect strong demand momentum during wedding season
  24 October 2024, retail.economictimes.indiatimes.com
  Lifestyle and clothing brands in India are seeing strong consumer demand as the festive season progresses. Brands like Raymond Lifestyle, Blackberrys, Libas are optimistic about sales growth, especially in festive and wedding attire categories. Retailers are preparing for the significant revenue opportunity from the upcoming wedding season. Brands are expanding store counts and launching new styles to meet growing demand…
• Zydus Wellness enters into packaged foods segment
  24 October 2024, retail.economictimes.indiatimes.com
  Consumer wellness company Zydus Wellness has ventured into packaged foods segment with Sugar Free D’lite cookies and collaborated with Bollywood actor Shahid Kapoor to promote its range…
• Telangana government to develop ‘future city’ inspired by Incheon free economic zone
  24 October 2024, realty.economictimes.indiatimes.com
  Launched in 2003, the IFEZ was designed to decongest Seoul and help increase economic activity and job creation through the establishment of industries and other facilities…
• Ayushmann Khurrana and Nexus Select Malls team up for Diwali ad
  24 October 2024, brandequity.economictimes.indiatimes.com
  Nexus Select Malls launches ‘Asli Happyness Wali Diwali’ campaign featuring Ayushmann Khurrana. It highlights enjoyable shopping and dining experiences during Diwali. The campaign portrays festive moments and aims to connect with customers, making the malls a preferred destination for family celebrations. The ads capture the joy of festive meals and the excitement of selecting Diwali outfits…
• Hindustan Unilever board decides to separate ice cream business
  24 October 2024, brandequity.economictimes.indiatimes.com
  Hindustan Unilever Limited (HUL) plans to separate its ice cream business after a detailed evaluation by Independent Directors. The ice cream segment, contributing three per cent to HUL’s turnover, needs significant investment and operates under a unique model, prompting this strategic move to enhance core business focus and shareholder value…
• Indian apparel firm Raymond Lifestyle to hire 9,000 workers for hundreds of new stores
  23 October 2024, retail.economictimes.indiatimes.com
  Raymond’s shares surged 9% as it plans to hire around 9,000 workers for 900 new stores over the next three years. The company aims to simplify its group structure and attract investors by spinning off its lifestyle business. Raymond is also receiving increased inquiries from global clients shifting their production to India…
• Triveni Engineering enters IMFL business; launches whiskey brands in UP
  23 October 2024, retail.economictimes.indiatimes.com
  Triveni Engineering & Industries Ltd. has launched premium and super premium whisky brands in Uttar Pradesh. Named ‘Matsya Triple Reserve Blended Whisky’ and ‘The Crafters Stamp Rare Artisan Blended Whisky,’ they have production capacities of 1,35,000 liters and 4,20,000 liters annually. The rollout is set to complete by FY’26, covering over 5000 retail outlets…
• Hindustan Unilever leases nearly 6 lakh sq ft warehouse in Bhiwandi near Mumbai
  23 October 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever Ltd (HUL) has leased a 6 lakh sq ft warehousing facility in Bhiwandi, near Mumbai, setting a notable trend in logistics. The seven-year lease includes annual 5% rent escalation, totaling over Rs 150 crore, enhancing HUL’s supply chain efficiency in the Mumbai Metropolitan Region…
• Kirana stores hit hard as quick commerce surges, distributors struggle to recover dues : Report
  23 October 2024, retail.economictimes.indiatimes.com
  Traditional Kirana stores in India face challenges due to the rise of quick commerce platforms. High inventory levels and delayed payments to distributors are major issues. Quick commerce is increasingly taking over impulse purchases, threatening the livelihoods of millions of small business owners. Potential protests by these stores could impact the quick commerce segment’s growth…
• DMart will be a test case amid India’s raging retail wars
  22 October 2024, retail.economictimes.indiatimes.com
  India’s retail landscape is shifting as the rise of quick commerce and online platforms challenges traditional and modern trade, impacting giants like DMart. Despite improved earnings, DMart focuses on physical stores and value retailing over convenience, navigating a changing market with growing online competition…
• Govt in talks to sell Bharat Brand items via Reliance Retail
  22 October 2024, retail.economictimes.indiatimes.com
  While there have previously been short-term arrangements with ecommerce firms including Reliance’s JioMart, Amazon and BigBasket to push Bharat brand products for price stabilisation, mostly during elections, this is the first time that the government is looking at a long-term arrangement with a private retailer to sell food products from its buffer stock at subsidised prices…
• China’s Haier seeks Indian partner to navigate bureaucratic challenges, offers up to 49% stake
  22 October 2024, retail.economictimes.indiatimes.com
  Haier is seeking an Indian partner to sidestep regulatory hurdles, possibly diluting up to 49%. With Citi’s guidance, the third-largest appliance firm in India aims for joint control and local management, setting the stage for a future local listing…
• V2 Retail eyes to become a national player; invest Rs 120 crore to expand offline presence
  22 October 2024, retail.economictimes.indiatimes.com
  The brand has been witnessing a 30 per cent same-store sales growth and this fiscal, during the first six months, it has already clocked 36 per cent same-store sales growth…
• Reliance Retail expands AZORTE with 12 new stores in India
  22 October 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s AZORTE has expanded its offline presence by opening 12 new stores in cities like Jaipur, Udaipur, and Bangalore, highlighting its commitment to reaching new markets and customers…
• Festive demand boosts sale of namkeens, millet snacks
  22 October 2024, retail.economictimes.indiatimes.com
  To meet the heightened festive demand, namkeen manufacturing units have employed contractual workers. According to an industry estimate, approximately 10-15 percent of additional workforce in the form of contractual workers is engaged in the namkeen sector during the festive period. The demand and production of namkeen and sweets experience a surge every year during the festival period…
• Refurbished smartphones buck falling sales trend this festival
  22 October 2024, retail.economictimes.indiatimes.com
  Refurbished smartphone sales are growing significantly due to increased demand for affordable premium devices, particularly 5G handsets in smaller towns. IDC India forecasts an 8% annual growth through 2028, driven by consumers seeking quality devices for remote learning and work, with second-hand iPhone prices notably rising…
• Lulu Retail kicks off one of UAE’s biggest IPOs this year
  22 October 2024, retail.economictimes.indiatimes.com
  Lulu Retail Holdings has started an initial public offering, anticipated to be the largest in the UAE this year. It is offering over 2.582 billion shares during a time of increased retail spending. The IPO runs from Oct. 28 to Nov. 5, with shares set to trade on the Abu Dhabi Securities Exchange on Nov. 14…
• Institutional investment in real estate up 31% to $4.61 billion in Jan-Sept 2024: Report
  22 October 2024, realty.economictimes.indiatimes.com
  Real estate consultant Vestian on Monday released its report on ‘Investment in Indian Real Estate’, observing that funds’ inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023…
• Nearly 75 per cent of SEC B/C prefer in-store shopping
  21 October 2024, brandequity.economictimes.indiatimes.com
  The study stated that the category of students were seen to prefer a combo of online + in store (44%) and in store (44%) modes in equanimity. Though in store mode of shopping was seen to be more pronounced either among citizens of low education (65%) or in certain geographies. For instance, the east zone (65%) and the north zone (63%) prominently preferred in-store shopping…
• Reliance’s not-so-secret weapon makes Tata sound alarm as new disruption hits
  21 October 2024, retail.economictimes.indiatimes.com
  Mukesh Ambani’s Campa Cola: Reliance Industries’s FMCG arm is reshaping the Indian beverages market by reviving Campa Cola, offering lower prices and higher retailer margins. This has forced Coca-Cola, PepsiCo, and Tata Consumer Products to rethink their strategies as they face stiff competition in both urban and rural areas…
• GoM proposes to raise GST on luxury shoes, watches, aims revenue boost by Rs 22,000 cr
  21 October 2024, retail.economictimes.indiatimes.com
  In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue…
• Homecare solutions company BISSELL re-enters India market; sees immense potential for growth
  21 October 2024, retail.economictimes.indiatimes.com
  Next year, it plans to enter the offline space by partnering with LFR players like Croma, Reliance Digital, and Vijay Sales…
• Lenexis Foodworks on an expansion spree, targets 100 new stores by March 2025
  21 October 2024, thehindubusinessline.com
  With this, the brand expects to generate a topline of ₹650 crore by March 2025, and a sales run rate of ₹1000 crore by FY26, indicating strong anticipated growth…
• Prestige Estates to invest Rs 7,000 crore to develop township in Ghaziabad
  21 October 2024, realty.economictimes.indiatimes.com
  Prestige Estates has also forayed into Delhi-NCR housing market by acquiring three land parcels in Delhi, Noida and Siddharth Vihar, Ghaziabad…
• Nexus Select Trust to acquire Vega City Mall in Bengaluru for Rs 877 crore
  21 October 2024, realty.economictimes.indiatimes.com
  According to the latest regulatory filing, the Board of Directors of Nexus Select Mall Management Pvt Ltd — the manager to Nexus Select Trust — has approved the acquisition of Vega City Mall in Bengaluru…
• FPCE urges government for real estate guidelines under consumer protection act
  21 October 2024, realty.economictimes.indiatimes.com
  The association pointed out that the consumer forums constituted under Consumer Protection Act 2019 comprises about 10 per cent of their complaints from the consumers of real estate sector…
• Tamil Nadu CM will open mini-IT park in Tuticorin soon: Industries minister
  21 October 2024, realty.economictimes.indiatimes.com
  The park was established at a cost of 30 crore. Spread across 4.16 acres, the multi-storey mini-IT park is set to offer 50,937sqft of leasable state-of-the-art workspace, equipped with amenities like air conditioning and an integrated building management system (IBMS)…
• How Saree brands get their names from Rasgulla to Baramulla!
  21 October 2024, brandequity.economictimes.indiatimes.com
  From naming brands based on current affairs, to being ready to shell money for brand names, Surat’s saree and textile traders are a breed apart. In an effort to capture the attention of Gen X, one trader launched a brand with an unusual name, “Oxford,” which has now been in the market for 21 years and has frequently made headlines…
• Amazon India eyes mega sales boost for two-wheelers
  21 October 2024, brandequity.economictimes.indiatimes.com
  Amazon India is expecting a 250 per cent year-on-year sales growth in the two-wheeler category. Amazon India started selling electric scooters from last year while it introduced petrol-fuelled two-wheelers three months ago. The company now expects to introduce the “entire range” of petrol-powered two-wheelers in the next one or two quarters. Currently, two-wheelers of 10 brands are sold here…
• Walmart expands snack sourcing from India for US market
  21 October 2024, brandequity.economictimes.indiatimes.com
  Walmart, the US retail giant, is expanding its range of Indian food and snack products by partnering with popular brands like Bikano, Britannia, and Jayanti Spices. This initiative is part of Walmart’s goal to source USD 10 billion worth of goods from India annually by 2027, offering Indian festive packs and traditional snacks ahead of Diwali…
• P&G posts surprise sales drop as demand slows for face lotions, diapers
  21 October 2024, brandequity.economictimes.indiatimes.com
  P&G posts surprise sales drop on slowing demand for face lotions, diapers. The company’s baby, feminine and family care segment, housing iconic diaper brand Pampers, saw a 2 per cent fall in sales during the quarter while its beauty segment, which includes troubled Japanese skincare brand SK-II, saw a 5 per cent drop…
• D2C brands go to malls for immersive retail experiences
  21 October 2024, brandequity.economictimes.indiatimes.com
  India’s D2C brands are increasingly establishing a presence in malls to boost customer engagement and create immersive shopping experiences. As per industry experts, mall environments provide better customer interaction and support brand growth as online customer acquisition costs rise. This trend extends beyond major cities to tier-2 cities, aligning with the growing demand for experiential retail and premium shopping spaces…
• TTK Prestige asks why so much song and dance for mixers
  21 October 2024, brandequity.economictimes.indiatimes.com
  TTK Prestige releases a new TVC in five languages for its Endura Mixer Grinder, directed by Gautham Vasudev Menon. The campaign blends storytelling with Tamil Nadu’s cultural heritage. The ad showcases the mixer’s versatility and superior technology, aiming to make it a household name in the region, focusing on emotional and cultural connections…
• Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space
  17 October 2024, retail.economictimes.indiatimes.com
  Bikaji Foods International has acquired a 53.02% stake in Lucknow’s Hazelnut Factory for Rs 131 crore through its subsidiary. This strategic move will help Bikaji enter the Quick Service Restaurant (QSR) segment. The acquisition will be completed over the next two years, integrating Hazelnut Factory’s retail stores in Lucknow, Kanpur, and Delhi…
• Brands boost quick commerce hiring as Zepto, Instamart, Blinkit drive sales
  17 October 2024, retail.economictimes.indiatimes.com
  Brands are significantly increasing their in-house teams to support quick commerce platforms like Zepto and Swiggy Instamart. Specialized roles such as key account managers and supply chain experts are in high demand. This shift allows brands to reach consumers directly, optimizing speed and reducing costs…
• Blinkit launches 10-minute returns for footwear, apparel categories
  17 October 2024, retail.economictimes.indiatimes.com
  Blinkit, a part of Zomato, has introduced a 10-minute return policy for clothing and footwear. This aims to address size and fit issues for customers. After testing in Delhi NCR, the feature is now live in Mumbai, Bangalore, Hyderabad, and Pune. Plans to expand to more cities are underway…
• Piyush Goyal emphasizes quality as key to India’s global competitiveness
  17 October 2024, retail.economictimes.indiatimes.com
  Union Commerce Minister Piyush Goyal on Wednesday stressed the need to manufacture high-quality products, saying without this approach it is going to be very difficult to make India truly competitive…
• Restaurants staring at plate full of problems this festive season
  17 October 2024, retail.economictimes.indiatimes.com
  Dining-out chains in India are facing profitability challenges this festive season due to high prices of edible oils, vegetables, and wheat. Executives are reluctant to increase menu prices and are instead renegotiating supplier contracts and absorbing costs to support smaller vendors…
• Daryaganj Restaurants eyes to clock Rs 100 crore this fiscal, enter international market
  17 October 2024, retail.economictimes.indiatimes.com
  Next fiscal, the brand is eyeing to further penetrate deeper into the international market by opening restaurants in UAE, UK, and Australia, and in India, by expanding in Bengaluru…
• US retail trade group expects holiday season sales to grow more slowly
  17 October 2024, brandequity.economictimes.indiatimes.com
  This year’s predicted pace is consistent with the average increase of 3.6% from 2010 to 2019. During the coronavirus pandemic, Americans ramped up their spending. Holiday season sales rose 9% in 2020 from the year before, and they soared 12.4% in 2021, according to the National Retail Federation…
• Gen Z’s direct spending power to reach USD 1.8 Trillion by 2035: Report
  17 October 2024, brandequity.economictimes.indiatimes.com
  This expansive research offers new perspectives into Indian Gen Z’s distinctive spending power across multiple categories, that no other report has explored in the past. The report also delves into uncovering unique insights into how they engage, influence, shop, and spend—shaping the future of India’s economy…
• Digital payments show strong uptick buoyed by wider adoption of credit during festive season
  17 October 2024, brandequity.economictimes.indiatimes.com
  During this year’s festive season sales, credit cards and credit-based payment instruments like pay-later products saw a significant increase, according to industry reports. Transactions rose by 35-50% compared to last year, with a large share being made through credit cards, EMIs, and pay-later options. Unified Payments Interface (UPI) remained the dominant payment method, with a 34% rise in transactions and over 500 million daily payments recorded. ..
• PVR Inox posts Rs 12 crore loss vs Rs 166 crore profit YoY in Q2, revenue drops 19%
  16 October 2024, retail.economictimes.indiatimes.com
  PVR Inox reported a consolidated net loss of Rs 12 crore for Q2 FY25, compared to a net profit of Rs 166 crore in the same period last year. Revenue from operations dropped to Rs 1,622 crore, a 19% decline YoY…
• Room air-conditioners sales volumes to expand by 20-25% YoY in FY2025: ICRA
  16 October 2024, retail.economictimes.indiatimes.com
  Indian room air-conditioner industry is projected to see 20-25% YoY growth, reaching 12-12.5 million units in FY2025. Factors such as rising temperatures, urbanization, and disposable income drive demand. The PLI scheme boosts localization, with OEMs expanding capacities rapidly. Moderate operating profit margins expected…
• Centre to verify air purifier claims amid pollution concerns
  16 October 2024, retail.economictimes.indiatimes.com
  The government will conduct market surveillance to verify air purifier manufacturers’ claims following accusations of false assertions. Consumer Affairs Secretary mentioned plans to check compliance with quality control orders. The move aims to address concerns over misleading marketing and pollution levels in cities, advocating for collaboration between BIS, ministries, and consumers…
• Jaipur: City restaurants demand closure time extension by 1 hour during tourist season
  16 October 2024, retail.economictimes.indiatimes.com
  Restaurant owners in Jaipur express frustration over early closure mandates, arguing it impacts their business during tourist season. They propose extending the deadline from 11 pm to midnight, stressing that police presence and restrictive timings deter tourists and harm the city’s hospitality industry…
• Pluckk ties-up with Spencer’s Retail to offer farm produce under premium category
  16 October 2024, retail.economictimes.indiatimes.com
  Pluckk has formed an exclusive partnership with Spencer’s Retail to offer its premium produce, including ozone-washed and GMO-free fruits and vegetables, in select cities. The collaboration aims to provide fresh, quality food to consumers and plans to expand to more locations, doubling presence within a year…
• Govt examining product disclosures by quick commerce firms
  16 October 2024, retail.economictimes.indiatimes.com
  The government is scrutinizing whether quick commerce companies are complying with the Legal Metrology Act, which mandates key disclosures on packaged products. Consumer Affairs Secretary Nidhi Khare stated potential regulatory action could be taken against non-compliant firms. The investigation focuses on information such as price, expiration date, and manufacturer details amid the rise of ultra-fast grocery delivery services in India…
• Hello Kitty plans to double its presence in India
  16 October 2024, retail.economictimes.indiatimes.com
  “India has the potential to become one of the biggest markets for Sanrio. In the next 5 years, it will be one of the top three markets in the world and from there onwards, I expect a double-digit growth year-on-year,” Silvia Figini, COO, Sanrio – EMEA, India, Oceania, Mr. Men – Worldwide…
• Meet the Indian beauty brands going the luxe route
  16 October 2024, brandequity.economictimes.indiatimes.com
  “Premium homegrown beauty brands offer products that rival international names in terms of price, quality, service and user experience. But how are they competing in a landscape brimming with choices and competition from global counterparts? What are they doing to build a sustainable business? And how are they dealing with the changing demands of a maturing customer base? Divya Moolayattil and Divya Verma break it down…
• Licious acquires Bengaluru-based My Chicken and More to boost offline presence
  15 October 2024, realty.economictimes.indiatimes.com
  The acquisition will bolster its omnichannel presence and tap into new users, boosting Licious’ online business. With My Chicken and More’s 23 stores, Licious will also increase its physical retail footprint to 26 locations. “The acquisition will enable us to rapidly scale our offline presence in South India, while continuing to deliver the quality and transparency that define the Licious experience,” said the cofounders Vivek Gupta and Abhay Hanjura in a statement…
• Timberland stages come back with Reliance in India through AJIO platform
  15 October 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s AJIO platform now includes Timberland, marking the brand’s return to India after closing in 2015. This follows Reliance’s recent portfolio expansions with brands like H&M and ASOS. Additionally, Reliance is scaling up quick-commerce and enhancing its F&B portfolio with Armani Cafe…
• GJEPC urges govt to lay stringent rules for mandatory disclosure of natural, lab-grown diamonds
  15 October 2024, brandequity.economictimes.indiatimes.com
  The diamond industry is already facing issues due to the Russia-Ukraine conflict, as it has disrupted the global diamond supply chain, with sanctions on Russia, a major rough diamond producer, further complicating trade and slowing down the global diamond trade…
• The art of festive marketing: Driving engagement through culture and emotion
  15 October 2024, brandequity.economictimes.indiatimes.com
  When we talk about festivals in India, we’re talking about more than just one day of celebration. The nation’s cultural diversity presents a year-end calendar full of opportunities – from Diwali to Christmas and the New Year. Each of these festivals carries its traditions, emotions, and expectations. Brands that recognize this, aren’t simply selling their products but becoming one with the celebrations…
• How brands can use loyalty programmes during the festive season
  15 October 2024, afaqs.com
  The festive season offers brands a unique chance to strengthen customer loyalty through exclusive experiences, surprise rewards, and thoughtful gestures that leave lasting impressions…
• SC’s tax ruling on ITC may boost commercial realty investments
  14 October 2024, realty.economictimes.indiatimes.com
  Offices, malls, and hospitality ventures focused on building and leasing properties are likely to gain the most from the top court ruling as these areas usually require substantial upfront investments and long-term financial commitments…
• Kirana shops are battling for survival amid the rise of q-com, but the story is not over for them yet
  14 October 2024, retail.economictimes.indiatimes.com
  In metro areas, quick commerce platforms are rapidly changing urban retail by offering fast delivery of diverse products, challenging traditional kirana stores. While quick commerce’s growth impacts urban retail, rural and smaller town kiranas still hold significant market share. Companies are adapting strategies for both channels…
• Navratri lifts sales in offline electronic markets
  14 October 2024, brandequity.economictimes.indiatimes.com
  Sales of home appliances such as LED TVs and refrigerators experienced growth during Navratri due to strong consumer demand, though offline retailers faced challenges from steep online discounts. Improved agriculture is expected to boost consumer spending further in the upcoming festive and wedding seasons…
• Smaller cities drive premium phone sales in festive season
  14 October 2024, brandequity.economictimes.indiatimes.com
  Steep discounts on Apple and Samsung smartphones boosted sales in smaller Indian towns and cities during this festive season, outperforming major metros. The share of smaller towns in sales of premium smartphones rose significantly. Older flagship models were popular, driven by heavy discounts and financing options. This trend occurred despite a slight decline in overall festive sales volumes…
• Cinema owners feel the heat ahead of big Diwali releases
  14 October 2024, brandequity.economictimes.indiatimes.com
  Cinema owners across India face pressure from distributors of Singham Again and Bhool Bhulaiyaa 3, as both films release on Diwali. Single-screen theatres struggle to allocate shows, risking divided box-office collections. Multiplexes manage better, but audience preferences will ultimately determine screen allocation…
• Urban India buys appliances worth Rs 60k cr in H1 2024: Report
  14 October 2024, brandequity.economictimes.indiatimes.com
  Urban India has spent over Rs 60,000 crore on TVs and large appliances from offline channels in the first half of 2024. Rural India reported Rs 3,000 crore in sales. India’s growth in consumer tech and durables is supported by a strong economy and declining inflation. Rural markets are showing promise with increasing disposable income and retail networks…
• How emerging brands are shaping edible oil usage among major FMCG players
  14 October 2024, brandequity.economictimes.indiatimes.com
  In recent years, the landscape of the edible oil market has undergone a significant transformation. As emerging brands rise to leave a mark, the influence they wield over major players in the Fast-Moving Consumer Goods (FMCG) sector is becoming increasingly evident. These new and innovative brands are not just introducing new products; they are altering the standards, driving trends, and compelling established companies to rethink their strategies…
• Mercedes-Benz car sales in India increases 13% to 14,379 units in Jan-Sep 2024
  11 October 2024, brandequity.economictimes.indiatimes.com
  Mercedes-Benz India reports a 13% year-on-year sales increase to 14,379 units for January-September 2024, marking its best performance for this period. The company sold 5,117 units in Q3, a 21% rise from last year. Battery electric vehicle sales surged 84% to 800 cars, and top-end vehicle sales grew by 18%…
• Reliance Retail starts testing its Swiggy, Blinkit rival
  11 October 2024, brandequity.economictimes.indiatimes.com
  Reliance Retail has re-entered the quick commerce market in select areas through JioMart, competing with Blinkit, Swiggy Instamart, and BigBasket. The company will use its existing store network and the logistics service Grab to offer zero delivery fees and target smaller cities and towns…
• How Ratan Tata started India’s romance with Zara
  11 October 2024, brandequity.economictimes.indiatimes.com
  Ratan Tata played a pivotal role in bringing global fast-fashion giant Zara to India in 2010. His visionary leadership identified the potential of India’s growing middle class, leading to a retail revolution. Zara’s success paved the way for other international brands and transformed the Indian fashion industry, making it more dynamic and globally interconnected…
• Noida authority to hire private consultant for land acquisition
  11 October 2024, realty.economictimes.indiatimes.com
  The consultant will help the Authority in managing both direct land purchases from owners and legal acquisition of land under the Land Acquisition Act…
• India’s textiles sector projected to reach $350 billion by 2030: Centre
  11 October 2024, retail.economictimes.indiatimes.com
  Driven by India’s inherent strengths and a strong policy framework that encourages investment and exports, the textiles sector in the country is expected to grow to $350 billion by 2030, the Centre said on Thursday…
• Not just fun, Kolkata’s Durga Puja is serious business worth Rs 15,000 crore
  11 October 2024, retail.economictimes.indiatimes.com
  With more than 10,000 Pujas in the state and 1,000 more in other parts of India and overseas, the festival has in recent years emerged as a hub of activity with each community Puja sustaining a micro-economy, particularly in Kolkata. From those erecting the pandals to the decorators, idol-makers to craftsmen, electricians to security persons, priests to dhakis, the Pujas help thousands boost their earnings…
• Replica Watches: Best website for 1:1 super clone watches swiss movement
  11 October 2024, retail.economictimes.indiatimes.com
  In today’s era replica watches have become increasingly popular among consumers seeking the prestige of luxury timepieces without the hefty price tag…
• UP govt approves factory complex in Meerut to boost jewellery sector
  11 October 2024, retail.economictimes.indiatimes.com
  The Uttar Pradesh government has sanctioned a factory complex in Meerut to boost the gems and gold jewellery sector. The project, managed by the Meerut Development Authority, will enhance the region’s jewellery industry, offering modern facilities and creating employment. The factory will make Meerut a key hub for the jewellery market, attracting industrialists and customers…
• Ecommerce companies are under scrutiny for violating dark pattern norms during sales
  11 October 2024, retail.economictimes.indiatimes.com
  The government plans to crack down on ecommerce companies for using dark patterns, deceptive techniques that manipulate consumers during festive season sales. These unfair trade practices have prompted consumer complaints, leading the Central Consumer Protection Authority to take action against offending companies, especially as online retail is rapidly growing in India…
• Goodbye and Godspeed: India mourns Ratan Tata’s demise
  10 October 2024, retail.economictimes.indiatimes.com
  India mourns the loss of Ratan Naval Tata, a visionary business leader and philanthropist, who passed away late Wednesday night. Tata Sons Chairman N Chandrasekaran, Prime Minister Narendra Modi, Defence Minister Rajnath Singh, and Mahindra Group Chairman Anand Mahindra among others gave heartfelt tributes highlighting his immense contributions to the Tata Group, the economy, and society…
• Quick commerce companies may face action for not giving expiry date
  10 October 2024, retail.economictimes.indiatimes.com
  The Indian government plans to crack down on quick commerce companies like Zomato’s Blinkit and Swiggy Instamart for not displaying mandatory expiry dates on their platforms. The move follows multiple consumer complaints received through the National Consumer Helpline. Flipkart Minutes currently complies with this requirement…
• India set to source entire mobile phone needs locally by fiscal year-end as Apple, Google ramp up production
  10 October 2024, retail.economictimes.indiatimes.com
  India will begin sourcing all its mobile phones locally by fiscal year-end. Apple started producing iPhone Pro and Pro Max models in India, and Google will manufacture Pixel phones domestically. This reduces the need for imports. Samsung and other brands already make their devices in India. This move supports the government’s electronics production targets…
• New GST rules require tenants to pay 18% tax for leased commercial properties
  10 October 2024, retail.economictimes.indiatimes.com
  This could create challenges, particularly for tenants under the composition scheme, such as many small restaurants, as they will have to pay GST but will not be able to claim input tax credit (ITC), resulting in increased working capital requirements, said experts…
• Modern trade growth at a 4-year low amid online surge; sales at big supermarkets grew only 3.2%
  10 October 2024, brandequity.economictimes.indiatimes.com
  Sales growth of groceries, personal products, and home care items in modern trade hit a four-year low in July and August due to consumer shift to online, quick commerce, and store closures. Leading FMCG sales channels are now increasingly dominated by online platforms, accounting for about 10-12% of overall sales…
• PVR -INOX ties up with Khushi Advertising for South Indian cinema ads
  10 October 2024, brandequity.economictimes.indiatimes.com
  This new partnership with Khushi Advertising marks a significant step forward for PVR-INOX. The five-year contract is aimed at managing cinema advertising sales in the South India market, with Khushi Advertising appointed as the exclusive ad-sales affiliate for this region. ​​This alliance is set to strengthen PVR-INOX’s leadership and market share in South Indian cinema advertising, a region that holds great importance for the cinema exhibition industry…
• Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy’s Instamart
  09 October 2024, brandequity.economictimes.indiatimes.com
  Reliance Retail has entered the quick commerce market, aiming to compete with players like Blinkit and Swiggy Instamart. Using its extensive store network, Reliance plans to offer rapid deliveries within 10-30 minutes in major cities and untapped smaller towns, without charging any fees…
• Metro to introduce outdoor ads on train coaches
  09 October 2024, brandequity.economictimes.indiatimes.com
  Currently, Bengaluru Metro operates 57 train sets, and the new advertising strategy will allow various corporate advertisements to be featured on the train exteriors, alongside the Namma Metro logo. ..
• Nykaa, Licious amp up quick commerce game as consumers demand instant gratification
  09 October 2024, retail.economictimes.indiatimes.com
  Delivering instant gratification seems to be the need of the hour as beauty retailer Nykaa, direct-to-consumer (D2C) player Licious, and Myntra try out 10-15-minute delivery pilots in select cities. The companies are responding to the growing demand for rapid delivery across multiple product categories…
• CBRE to manage NetApp’s 1.07 million sq ft office spaces
  09 October 2024, realty.economictimes.indiatimes.com
  The portfolio consists of NetApp’s campus in Bengaluru and sales offices in Bengaluru, Mumbai and New Delhi…
• Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy’s Instamart
  08 October 2024, retail.economictimes.indiatimes.com
  Reliance Retail has entered the quick commerce market, aiming to compete with players like Blinkit and Swiggy Instamart. Using its extensive store network, Reliance plans to offer rapid deliveries within 10-30 minutes in major cities and untapped smaller towns, without charging any fees…
• Consumer durables sector can create 500,000 new jobs in India by 2030: Report
  08 October 2024, retail.economictimes.indiatimes.com
  India’s consumer durables sector is set to grow, creating 500,000 new jobs by 2030. This growth is driven by rising domestic demand, sustainability focus, and indigenisation. The market could reach Rs 3 lakh crore by 2029. Incentives for energy-efficient products and online sales expansion are recommended to boost the sector…
• How the bottom-of-the-pyramid strategy worked out for Zudio
  08 October 2024, retail.economictimes.indiatimes.com
  Tata Group’s Trent has launched Zudio Beauty in Bengaluru, expanding into affordable beauty products, after the success of Zudio apparel stores. The company plans to open more stores in top cities. Zudio, known for trendy low-priced clothing, has significantly boosted Trent’s revenue and is now entering the beauty segment to replicate its previous success…
• Indian alcoholic beverages industry to see 8-10 pc sales growth in FY25
  08 October 2024, retail.economictimes.indiatimes.com
  The domestic alcoholic beverages industry is likely to see 8-10 per cent revenue in FY25, led by steady demand for beer and a revival in consumption of spirits, along with increasing consumer preference for premium products, a report said on Monday…
• Complaints at consumer helpline doubled in last 2 years: Consumer Affairs Secy
  08 October 2024, retail.economictimes.indiatimes.com
  Looking ahead, Khare assured that in the coming months, CCPA will be taking service to consumer rights ‘very seriously.’…
• Tier II and Tier III cities to see maximum retail expansion in coming years: JLL
  08 October 2024, retail.economictimes.indiatimes.com
  The report also added that the Tier II and Tier III cities in the country are experiencing a surge in new retail supply, with 25 million sq. ft of retail developments. This expansion is driven by growing consumer demand, availability of land and a lack of quality retail developments in these markets until a few years back…
• Pacts with UAE may yield $100 billion investments: Piyush Goyal
  08 October 2024, retail.economictimes.indiatimes.com
  India and UAE plan to boost investment, potentially reaching $100 billion. This includes sectors like energy, AI, and food processing. A new food corridor aims to bring $2 billion in investments. Significant gains are seen in bilateral trade and FDI under the Comprehensive Economic Partnership Agreement. An Invest India office will open in Dubai, fostering UAE investments in India…
• Quick commerce not impacting kirana stores: Zomato’s Deepinder Goyal
  07 October 2024, retail.economictimes.indiatimes.com
  “Blinkit is not really eating into the kiranas at all. It is not even affecting companies like Dmart. I think we’re more or less eating into the Amazons and the Flipkarts, the ecommerce sector, as well as the modern retail in the larger cities,” Zomato cofounder and chief executive Deepinder Goyal said…
• From Tatas to Ambanis to Birlas, big corporates are hungry for restaurant business
  07 October 2024, retail.economictimes.indiatimes.com
  Big corporate houses like Aditya Birla, Reliance and Tata Group are investing in the Indian restaurant industry. They see opportunities in the growing, lucrative market following the pandemic. Companies are focusing on scalability and standardisation. Rising disposable incomes and new experiences drive the shift, with consumers dining out more frequently…
• Rado to close 2024 with double-digit growth in India: Global CEO
  07 October 2024, retail.economictimes.indiatimes.com
  Swiss watchmaker Rado aims for double-digit growth in India for 2024, having already experienced 23% growth in 2023. The brand is boosting product availability for the Diwali season to meet high demand. India remains Rado’s top-performing market, surpassing China, with strong brand loyalty from Indian consumers globally…
• Tata Group forays into mass-priced beauty segment with Zudio Beauty
  07 October 2024, retail.economictimes.indiatimes.com
  Noel Tata-led Trent has launched Zudio Beauty, a new affordable beauty store, aiming to compete in the mass-priced beauty market. The first store opened in Bengaluru, with plans to expand to more cities. Zudio’s success in the apparel sector hints at further growth in beauty retail…
• Apparel Group to bet big on India, expand store presence from 250 to 1,000
  07 October 2024, retail.economictimes.indiatimes.com
  Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the company plans to take India’s share to 25 per cent in the next three years…
• Calvin Klein launches new underwear campaign in India starring Disha Patani
  07 October 2024, retail.economictimes.indiatimes.com
  Shot by Stas Komarovski, the campaign evokes Calvin Klein’s modern aesthetic through stripped-back portraits that allow Patani’s sensuality and confidence to shine through while showcasing new Fall 2024 underwear…
• Uber ties up with Avride for food deliveries, robotaxi rides
  05 October 2024, retail.economictimes.indiatimes.com
  Uber is partnering with Avride for food deliveries and robotaxi services. This partnership includes using Avride’s sidewalk robots in Austin, Dallas, and Jersey City for Uber Eats. Avride and Uber will launch robotaxi rides in Dallas next year, aiming to expand the fleet of delivery robots to hundreds by 2025…
• Zomato to allot 12 million shares to employees
  05 October 2024, financialexpress.com
  Ahead of its Q1FY25 earnings, Zomato had allotted more than 3.5 million employee stock options, which translated to shares worth around Rs 81 crore…
• Department of Post ties up with Amazon to boost India’s E-commerce and logistics sector
  05 October 2024, retail.economictimes.indiatimes.com
  The Department of Posts (DoP) and Amazon Transportation Services have signed a new MoU to expand their ongoing collaboration. This partnership aims to enhance parcel transmission and delivery across India by leveraging the postal network and Amazon’s technology. The collaboration will benefit rural regions and aims to boost the e-commerce sector in India…
• Swiggy Bolt: Food delivery platform launches 10-minute meal delivery service
  05 October 2024, retail.economictimes.indiatimes.com
  The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal preparation time via Bolt by partnering with restaurants within a 2 km radius of the customer..
• Office leasing to record 70 million sq ft across nine cities in 2024: Report
  05 October 2024, retail.economictimes.indiatimes.com
  The office sector witnessed a gross absorption of 53.8 million sq ft during January to September 2024 across nine cities, recording a 19% year-on-year growth…
• Mukta A2 Cinemas launches festive offer with ₹99 cap on F&B
  04 October 2024, retail.economictimes.indiatimes.com
  Mukta A2 Cinemas has capped all food and beverage prices at ₹99 for the festive season to make cinema outings more affordable. COO Satwik Lele aims to enhance the overall experience for cinemagoers. This move comes amid industry discussions on high pricing, with average expenditure statistics provided by the Multiplex Association of India…
• How the fragrance and flavour industry is helping the FMCG sector become stronger
  04 October 2024, brandequity.economictimes.indiatimes.com
  Sacheerome says being an Indian player gives it an edge over global players in making certain notes, and it is time the country’s fragrance brands earn global reputation…
• SC allows ITC claim on construction costs of commercial buildings
  04 October 2024, realty.economictimes.indiatimes.com
  It said that if construction of a building is essential for supplying services like leasing/renting out, it could fall under the ‘plant and machinery’ category on which ITC can be claimed under Section 17(5)(d) of the Central Goods and Services Tax Act (CGST)…
• There will be no change in policy on multi-brand retailing: Piyush Goyal in US
  04 October 2024, retail.economictimes.indiatimes.com
  Union Minister Piyush Goyal emphasized that India will not permit multi-brand retail, as it would harm local mom-and-pop stores. He underscored India’s openness to other economic reforms, allowing full foreign ownership in sectors like defense and space, with some safeguards to prevent money laundering…
• GST Rate Cut: Tax on several mass-use products may be reduced
  04 October 2024, retail.economictimes.indiatimes.com
  A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations…
• Indian logistics market to expand to Rs 13.4 trillion by FY28: Report
  04 October 2024, retail.economictimes.indiatimes.com
  This growth is being fuelled by structural shifts, technological advancements, and government initiatives aimed at reducing logistics costs and improving infrastructure…
• View: Scaling up food processing in India by tapping houesholds’ potential
  04 October 2024, retail.economictimes.indiatimes.com
  India’s food processing sector is expanding due to urbanization and changing lifestyles, but faces challenges in formalizing household enterprises. Promoting home-based food processing can boost women’s employment and reduce post-harvest losses, but regulatory hurdles need to be addressed for this segment to thrive…
• Net absorption of office space rises 14% in Q2 FY25 across seven cities: Report
  04 October 2024, realty.economictimes.indiatimes.com
  Real estate consultant JLL’s latest data showed that the net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period…
• 77% consumers increase festive shopping budgets: Glance
  04 October 2024, brandequity.economictimes.indiatimes.com
  Based on a sample survey of mobile phone users in India, the report reveals that festive shopping remains strong, with 91 per cent of respondents planning to make purchases. Over 77 per cent respondents said they have increased their budgets compared to previous year while 25 per cent have indicated a willingness to spend over INR 50,000…
• RMZ Corp Partners With Chevron Global Technology & Services Pvt Ltd
  19 September 2024, rprealtyplus.com
  RMZ Corporation, one of the world’s largest family-owned alternative asset owners, has announced its partnership with Chevron Global Technology & Services Private Limited, which is establishing the US$1…
• Citykart Expands Retail Presence Across India with New Store Openings
  19 September 2024, indianretailer.com
  Citykart, a leading value fashion retailer, is set to expand its retail footprint with the launch of 25 to 30 new stores across Uttar Pradesh, Bihar, Jharkhand, Assam, and Odisha…
• P N RAO Expands Retail Presence in India with New Hyderabad Store
  19 September 2024, indianretailer.com
  P N RAO, a 100-year-old legacy brand known for its fine men’s suits in India, has opened its flagship store in Hyderabad, Telangana. This marks the brand’s eighth store in South India and represents a key step in expanding its retail footprint across the region…
• India’s Unstoppable Home Retail Market: $237 Billion by 2030 – Discover the Key Growth Drivers!
  19 September 2024, indianretailer.com
  India’s home and household sector is on the verge of a transformation, poised to skyrocket to an astounding $237 billion by 2030! Fueled by rising disposable incomes, shifting consumer preferences, and a digital-first mindset, this sector is rapidly becoming a powerhouse in India’s economic story…
• Omaxe Chowk: Rewriting Legacy
  19 September 2024, indianretailer.com
  Omaxe Chowk, a new commercial hub in the heart of Chandni Chowk, aims to transform the retail landscape of one of Asia’s oldest and busiest shopping destinations…
• Top 7 Mattress Brands in India for the Best Sleep
  19 September 2024, indianretailer.com
  A good night’s sleep is essential for your health and well-being. Choosing the right mattress makes all the difference. In their quest for the greatest mattress brand in India, consumers place much too much emphasis on factors like price/discounts, size, thickness, and material…
• The Digital Surge That’s Reshaping India’s Kirana Retail Sector
  19 September 2024, indianretailer.com
  India’s traditional retail sector, long characterized by its reliance on over 15 million Kirana stores, is witnessing a significant transformation. The emergence of digital solutions is reshaping the sector, with eB2B (e-commerce-led Business to Business) platforms driving this change…
• Best Couverture Chocolate Brands in India: Marking the Sweet Revolution
  19 September 2024, indianretailer.com
  India’s chocolate revolution is in full swing, and couverture chocolate is at the forefront of this delicious movement. With its high cocoa butter content, rich flavor, and silky smooth texture, couverture chocolate is every dessert lover’s dream…
• WROGN, TMRW’s Newest Brand, Promotes ‘Love is Respect’
  19 September 2024, indianretailer.com
  WROGN, part of the TMRW House of Brands, is making strides in reshaping the narrative around love and relationships in India with its latest campaign, “Love is Respect.”..
• Godrej and Boyce Bags Rs 35 Cr Contracts for National Infrastructure and Historic Sites
  19 September 2024, indianretailer.com
  Godrej and Boyce’s Security Solutions division, part of the Godrej Enterprises Group, has strengthened its presence in India’s retail and security sectors by securing contracts worth over Rs 35 crore…
• Golden Grain Rice Expands Global Reach, Eyes 500,000 MT Export Target for 2024
  19 September 2024, indianretailer.com
  Golden Grain Rice, one of India’s largest rice exporters, is reinforcing its presence in some of the world’s most competitive international markets. With a record-breaking export of 375,000 tonnes of premium basmati rice in…
• AB InBev India Empowers Micro-Entrepreneurs Through ONDC Network
  19 September 2024, indianretailer.com
  AB InBev India, a prominent player in the beer and beverage sector, is strengthening micro-entrepreneurs across India through its partnership with the Open Network for Digital Commerce (ONDC)…
• Former Flipkart Executive Launches Quick-Commerce Retail Venture in India
  19 September 2024, indianretailer.com
  Ayyappan R, the former chief executive of Flipkart-owned Cleartrip, is preparing to launch a new quick-commerce retail venture in India. The venture is currently seeking substantial seed funding from venture capital firms Accel and RTP Global, according to sources familiar with the discussions…
• Indian Chilli Brand Kaatil Announces Funding Success and Great Taste Award Victory
  19 September 2024, indianretailer.com
  Kaatil, a hot condiments brand specializing in Indian chilies under Smerc Food & Beverages, has announced the successful completion of its seed funding round, raising an undisclosed amount…
• Tata Soulfull Introduces Masala Muesli to Redefine Indian Breakfasts
  19 September 2024, indianretailer.com
  Tata Soulfull, a brand under Tata Consumer Products, has unveiled its latest innovation, Tata Soulfull Masala Muesli, aiming to transform the traditional muesli category with a savory twist…
• Dusky India Launches Ayurvedic Face Washes for Modern Skincare Needs
  19 September 2024, indianretailer.com
  Dusky India, a brand inspired by India’s Ayurvedic heritage, has launched two new face washes, reinforcing its mission to make Ayurveda accessible for all. Celebrating the natural tone and texture of Indian skin, Dusky India’s products are crafted to cater to the modern lifestyle while honoring traditional Ayurvedic principles…
• Rivona Naturals Launches Innovative 11-in-1 Skincare Solution ‘Genie’
  19 September 2024, indianretailer.com
  Rivona Naturals, a personal care brand known for simplifying self-care with multi-purpose products, is excited to unveil its latest breakthrough product, Genie. Designed with an innovative “11-problems-1-solution” formula, Genie offers an effective remedy for a wide range of skin concerns, from acne and redness to overall skin healing…
• The Quorum Unveils a New Restaurant ‘689 – Six Eighty Nine’ in Gurugram
  19 September 2024, indianretailer.com
  The Quorum, the country’s first domestic private members’ club, has opened ‘689 – Six Eighty Nine’ an Asian eating restaurant featuring a live robata grill and a Japanese aesthetic, in Gurugram…
• SMOOR Partners with Hangyo Ice Creams to Launch New Gourmet Ice Cream Range
  19 September 2024, indianretailer.com
  SMOOR, a leading luxury confectionery brand in India, has announced a collaboration with Hangyo Ice Creams, blending their expertise in premium chocolates with Hangyo’s ice cream craftsmanship…
• Rohan Pewekar Succeeds Merrill Pereyra as Managing Director, Pizza Hut Indian Subcontinent
  19 September 2024, indianretailer.com
  Pizza Hut, division of US-based Yum! Brands has announced the appointment of Rohan Pewekar as the Managing Director, Pizza Hut Indian Subcontinent…
• Devrana Expands with New Express Outlet in Shastri Nagar, Meerut
  19 September 2024, indianretailer.com
  Devrana, known for its authentic vegetarian cuisine, has opened a new express outlet in Shastri Nagar, Meerut. Located at K6 opposite PVS Mall, this new outlet reflects Devrana’s strategy to bring quality dining experiences to convenient locations…
• The Wendy’s Company Announces Executive Leadership Appointments
  19 September 2024, indianretailer.com
  The Wendy’s Company has announced the appointment of John Min as the Company’s Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations…
• BACARDÍ Launches Exciting New Mango Chilli Flavoured Rum in India
  19 September 2024, indianretailer.com
  BACARDÍ, the globally recognized spirits brand, has launched a new flavored rum in India—BACARDÍ Mango Chilli. This innovative addition to their portfolio combines the sweet, tropical taste of mango with the fiery heat of chili, offering a distinctive flavor that caters to the Indian palate…
• DAEWOO Expands into the Indian Market with New Induction Cooktops
  19 September 2024, indianretailer.com
  DAEWOO, the renowned Korean brand with a global footprint in over 110 countries, has announced the launch of two new induction cooktops in India: the Push Button Induction Cooktop and the Touch Button Induction Cooktop…
• Bata Collaborates with Sharvari for Limited-Edition ‘Emily in Paris’ Collection
  19 September 2024, indianretailer.com
  Bata India has launched an exclusive limited-edition ‘Emily in Paris’ collection, featuring Bollywood’s fashion icon Sharvari as the face of the campaign. Timed to coincide with the release of the latest episodes of Netflix’s Emily in Paris, the collection is a collaboration with Viacom 18 and is available at 260 select stores and online at Bata.com…
• Gaurs Group Set To Launch IPO In Next 18 Months
  18 September 2024, rprealtyplus.com
  Realty firm Gaurs Group is set to launch its Initial Public Offering (IPO) as it seeks to capitalise on strong consumer demand and expand its business, according to Chairman and Managing Director Manoj Gaur…
• Nexus Venture Offloads 5.97% Stake In India Shelter Finance Corp
  18 September 2024, rprealtyplus.com
  Venture capital firm Nexus Venture Partners divested a 5.97 per cent stake in India Shelter Finance Corporation for Rs 482 crore through open market transactions…
• Ahmedabad: SRFDCL engages with global builders ahead of auction for riverfront plots
  18 September 2024, realty.economictimes.indiatimes.com
  ​​This strategic push was detailed in the annual audit report presented to the SRFDCL board on Sep 6, just before the Request for Proposal (RFP) was announced for the auction of two prime plots. The riverfront project, spanning 204.91 hectares, is set to make a significant impact…
• With Hourglass, HUL feels time is ripe to enter India luxury cosmetics
  18 September 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL’s strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India…
• AI to electronics: Micromax to foray into new-age businesses
  18 September 2024, retail.economictimes.indiatimes.com
  Micromax co-founder Rahul Sharma said Micromax’s manufacturing arm Bhagwati has taken over Vivo’s mobile phone factory in Greater Noida, where it will be making originally designed mobile phones, IT hardware and automotive parts through a joint venture with one of the largest ODMs (original design manufacturers)…
• Dark clouds over Bengal’s Durga Puja economy
  18 September 2024, retail.economictimes.indiatimes.com
  Protests over the rape and murder of a trainee doctor in Kolkata are impacting West Bengal’s Rs 50,000 crore Durga Puja economy. Pre-puja consumer demand and corporate funding have declined, affecting sales in apparel, fashion products, and restaurants. Brands are cautious about sponsorships due to public sentiment. Footfalls in malls and shopping hubs are significantly lower than usual…
• We expect improved FMCG demand in coming quarters: Pawan Agrawal, Marico
  18 September 2024, retail.economictimes.indiatimes.com
  Marico reported a nearly 9% rise in net profit and a 7% increase in revenue for Q1 FY25. The company is focusing on diversification and premiumisation, expecting growth in rural and urban markets as the festival season approaches. Key brands like Parachute Coconut Oil and Saffola Edible Oils showed modest growth…
• Franck Muller sees more room for growth in India’s luxury watch segment: Top executive
  18 September 2024, retail.economictimes.indiatimes.com
  Franck Muller is focusing on India for the next three to five years, planning to launch its third India-focused collection before Diwali and possibly entering luxury residential real estate. The brand has seen success in other markets and believes India has significant growth potential in luxury consumption…
• Allied Blenders and Distillers appoints Anil Somani as CFO
  18 September 2024, retail.economictimes.indiatimes.com
  Allied Blenders and Distillers Limited has appointed Anil Somani as its new chief financial officer, succeeding Ramakrishnan Ramaswamy. Somani brings over 32 years of experience in finance roles across various sectors. He aims to enhance the company’s financial performance and operational efficiency…
• Nippo-maker Indo National sells entire 51% stake in Kineco for Rs 220 cr
  18 September 2024, retail.economictimes.indiatimes.com
  Chennai’s Indo National Ltd has sold its 51% stake in Kineco Ltd for Rs 220 crore to an unnamed consortium. CEO Pavan Kumar BVS stated the funds will be invested in aerospace, defense, and various fast-moving consumer goods sectors…
• Myntra’s GenZ customer base doubles to 16 million in 2024
  18 September 2024, retail.economictimes.indiatimes.com
  “With the online trend-first fashion market expected to grow over 8x into a USD 5 billion market by 2028, FWD by Myntra is taking charge in reshaping fashion for young India, reflecting Myntra’s commitment to staying ahead of GenZ’s rapidly evolving trends and preferences,” a company statement said…
• Myntra may offer a 4-hour ‘solution’ for your fashion ‘needs’
  18 September 2024, retail.economictimes.indiatimes.com
  Myntra is piloting a four-hour delivery service in select cities like Bengaluru and New Delhi, aiming to cater to the growing demand for faster deliveries. This initiative responds to the rise of quick commerce services in India…
• India’s apparel retail will continue to grow with rising incomes, increased demand for affordable fashions: Centrum
  18 September 2024, retail.economictimes.indiatimes.com
  As per a research report by the financial advisory firm Centrum, looking ahead, the apparel market is expected to continue growing, driven by rising incomes, favourable demographics, and increased demand for affordable fashion, particularly among Gen-Z consumers…
• BigBasket plans to expand dark store count to 700 by FY25
  18 September 2024, thehindubusinessline.com
  Tata-owned BigBasket plans to expand its dark store count to 700 by the end of FY25 from 400 as the company pivots to becoming a pure play quick commerce company, as the company sees rising demand for rapid deliveries, founder Hari Menon told businessline…
• Two Brothers Organic Farms appoints Arijit Gorai as its chief growth officer
  18 September 2024, retail.economictimes.indiatimes.com
  In his new role, Gorai will be responsible for expanding the D2C brand’s presence across multiple channels and improving its customer experience, including new product offerings to meet the growing demand for organic food products and build brand presence in key international markets…
• FMCG sector to get a boost from recovery in rural demand, global factors: Centrum
  18 September 2024, retail.economictimes.indiatimes.com
  As per the report, the sector is expected to witness a boost, especially from a recovery in rural demand. The report mentioned that there has been a downward trend in rural inflation, along with a gradual rise in real wages in rural areas…
• Starbucks Expands into Bilaspur and Prayagraj with New Store Openings
  18 September 2024, indianretailer.com
  Starbucks is expanding its retail presence in India with the opening of its first store in Bilaspur, Chhattisgarh, and another in Prayagraj, Uttar Pradesh…
• Clink Audio to Expand Retail Presence in India with New Product Launches
  18 September 2024, indianretailer.com
  Clink Audio, a prominent player in the consumer electronics industry, is set to introduce two new products by the end of this fiscal year. The upcoming launches will include Open Wireless Stereo (OWS) devices and bone..
• Brune and Bareskin Expands Retail Presence with New Store in Bathinda
  18 September 2024, indianretailer.com
  Brune and Bareskin, a premium leather brand known for its bespoke products, has opened its fourth retail outlet in India. The new store is located at NH07, Bhucho Market in Bathinda, joining the brand’s existing locations in Delhi, Ludhiana, and Jalandhar…
• Snitch Opens 24th Store in Indore as It Expands Retail Presence in India
  18 September 2024, indianretailer.com
  Snitch, a prominent men’s fashion brand in India, has further strengthened its retail presence with the opening of its 24th store in Indore. Located at the Phoenix Citadel Mall, the new outlet spans 2,545 square feet and aims to cater to Indore’s evolving fashion market…
• Nexus Venture Partners sells stake in India Shelter Finance for Rs 482 crore
  17 September 2024, realty.economictimes.indiatimes.com
  US-based Nexus Venture Partners, through its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, offloaded 64 lakh shares, amounting to a 5.97 per cent stake in India Shelter Finance Corporation through two separate bulk deals on the BSE…
• Kanodia Group Appoints Mayank Jain as CEO – Real Estate Venture
  17 September 2024, rprealtyplus.com
  The Kanodia Group, recognized as a leading player in the cement, hygiene, and building solutions industry has appointed Mayank Jain as its Chief Executive Officer for their upcoming real estate development platform…
• Bric-X Infra Announces Expansion Plans In Delhi NCR
  17 September 2024, rprealtyplus.com
  Bric-X Infra, a leading name in the real estate industry celebrates its 5th anniversary. It is a milestone that reflects its remarkable growth and commitment to excellence…
• Indoor Amusement Centers Expected To Grow By 67% By 2028 End
  17 September 2024, rprealtyplus.com
  Experience economy and the substantial demographic dividend have led to the growth of the entertainment sector in the country. There is a significant shift in the Indian retail landscape, with Indoor..
• Government to quick commerce: throw more light on dark store ownership structures
  17 September 2024, retail.economictimes.indiatimes.com
  The government has shot off queries to senior ecommerce executives to understand the ownership structures of quick commerce firms and their dark stores. The chief executive of one of the top three quick commerce firms told us that he recently briefed commerce and industry minister Piyush Goyal and his team on the nature of investors in the firm and its long-term plans…
• Adani, Wilmar to start stake sale in joint venture next month
  17 September 2024, retail.economictimes.indiatimes.com
  Adani Enterprises Ltd. and Wilmar International Ltd. plan to sell a 13% stake in their joint venture Adani Wilmar Ltd. to comply with Indian securities laws. The sale, valued at $735 million, aims to reduce their combined shareholding from 88% to 75% by February…
• ETRetailCafe: Restaurateur AD Singh on revolutionising foodservice industry in India
  17 September 2024, retail.economictimes.indiatimes.com
  AD Singh, founder and MD of Olive Group of Restaurants shares the challenges he faced and how he overcame those challenges to deliver the best of restaurant brands to consumers…
• Ikea launches 365-day return, exchange policy
  17 September 2024, retail.economictimes.indiatimes.com
  Commenting on the impact of the policy on return orders, Sharma said, “We are well-equipped to manage the spurt in return logistics.”…
• Godrej Consumer MD & CEO Sudhir Sitapati throws weight behind Dhaval Buch
  17 September 2024, retail.economictimes.indiatimes.com
  Sudhir Sitapati, MD and CEO of Godrej Consumer Products, supports Dhaval Buch amid conflict of interest allegations involving his wife, Sebi Chairperson Madhabi Puri Buch. Sitapati emphasizes the need to understand the context of professionals transitioning from the private sector to government roles and warns against deterring such moves…
• E-commerce majors Flipkart, Amazon to start annual festive sale from Sep 26
  17 September 2024, retail.economictimes.indiatimes.com
  Flipkart and Amazon India will commence their annual festive sales from September 26, 2024, with early access for paid subscribers. Flipkart’s ‘The Big Billion Days’ and Amazon’s ‘Great Indian Festival’ will offer a wide range of products. Myntra will also start its sale on September 25 for loyalty members…
• Lego’s business cards are made of Lego—but not for long
  17 September 2024, livemint.com
  Michael Renvillard was backstage at a New York City festival featuring Alicia Keys and Hugh Jackman when the longtime Lego representative noticed something odd…
• Kingdom of White Expands Retail Presence in India with Three New Stores
  17 September 2024, indianretailer.com
  Kingdom of White, India’s leading all-white lifestyle brand, has opened three new retail stores in Bhubaneshwar, Indore, and Surat. This marks a significant expansion in the brand’s reach, bringing its signature collection of white clothing to more consumers across India…
• Top 10 Gin Brands in India That Are Elevating Your Cocktail Game (2024)
  17 September 2024, retail.economictimes.indiatimes.com
  India’s gin revolution is in full swing! What was once a niche spirit reserved for cocktail connoisseurs has now become the go-to choice for millennials and Gen Z…
• How India is Becoming a Key Player in Global iPhone Exports
  17 September 2024, indianretailer.com
  India has claimed a major milestone in its tech journey by surpassing the United States to become the world’s second-largest 5G handset market in 2024. In the first half (H1) of the year, global 5G handset shipments grew by…
• Top 10 Premium Handbag Brands in India
  17 September 2024, indianretailer.com
  In today’s fashion-forward world, a handbag is more than just a functional accessory; it’s a statement piece that speaks volumes about your personal style. If you’re on the hunt for the perfect blend of craftsmanship, luxury, and..
• Top 10 Premium Handbag Brands in India
  17 September 2024, indianretailer.com
  In today’s fashion-forward world, a handbag is more than just a functional accessory; it’s a statement piece that speaks volumes about your personal style. If you’re on the hunt for the perfect blend of craftsmanship, luxury, and trendsetting designs, you’ve come to the right place…
• The Friendly Neighborhood Malls Resurgence
  17 September 2024, indianretailer.com
  Neighborhood malls have seen a remarkable resurgence in foot traffic and sales, especially after the pandemic. Their strategic location and neighborhood-centric approach cater to local residents’ needs for quick and easy access to shopping and dining options…
• Krishival Foods forays into ice cream biz with acquisition of 52.94% stake in Melt ‘N’ Mellow Foods
  17 September 2024, retail.economictimes.indiatimes.com
  Krishival Foods has acquired a 52.94% stake in Melt ‘N’ Mellow Foods, expanding its reach into the ice cream, dairy, and bakery sectors. The acquisition aims to enhance Krishival’s presence in the food sector and create value for shareholders through sustainable growth. Currently, Melt ‘N’ Mellow’s products are spread across Maharashtra and North Karnataka…
• Imagine by Ample Announces New Offers for iPhone 16 Launch with ‘More with Imagine’
  17 September 2024, indianretailer.com
  Imagine by Ample, a premium retail partner for Apple in India, has introduced its latest campaign, ‘More with Imagine,’ in anticipation of the iPhone 16 launch…
• Vintage Coffee Private Limited Opens First Premium Café Lounge in Navi Mumbai
  17 September 2024, indianretailer.com
  Vintage Coffee Private Limited, a wholly owned subsidiary of Vintage Coffee and Beverages Limited (BSE-listed), proudly announces the grand opening of its first Premium Café Lounge in Beverly Park, Sector 6, Nerul, Palm Beach Road, Navi Mumbai…
• NBCC & MTNL To Jointly Develop 13.88-Acre Land In New Delhi
  16 September 2024, rprealtyplus.com
  NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have signed a memorandum of understanding (MoU) to jointly develop a 13.88-acre land parcel on Pankha Road, New Delhi…
• Qcomm data may turn key input for new GDP maths
  16 September 2024, retail.economictimes.indiatimes.com
  The government is considering using data from quick commerce platforms like Zepto, Blinkit, Instamart, and BigBasket to understand consumption patterns and economic activity. Quick commerce now accounts for 5-6% of household grocery spending and is growing rapidly. The Ministry of Statistics plans to revise the base year for national accounts to 2022-23 or 2023-24…
• Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
  16 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability…
• India audio device market witnesses remarkable growth, hits Rs 5,000 cr offline sales: GFK
  16 September 2024, retail.economictimes.indiatimes.com
  The Indian audio devices market is witnessing significant growth, with offline retail sales reaching Rs 5,000 crore in June 2024. This surge is driven by a 61% YoY volume growth in the Personal Audio segment and increasing demand for high-quality audio products. True Wireless Headsets and mini/Bluetooth speakers are particularly popular among Gen Z consumers…
• Jim Beam maker’s growth sobers up as competition intensifies
  16 September 2024, retail.economictimes.indiatimes.com
  Beam Global, the maker of Teacher’s and Hibiki, experienced a slowdown in sales growth in 2023-24 due to increased competition in the premium liquor segment. Sales rose by 12% to ₹1,304 crore, while net losses increased to ₹329.3 crore. The company is focusing on long-term strategic investments and brand portfolio enhancement…
• Blinkit, Zepto pilot returns, exchanges to ace fashion ecommerce
  16 September 2024, retail.economictimes.indiatimes.com
  Quick commerce is spreading its wings to include consumer electronics, lifestyle, and fashion in its scope. The main players in the space are looking to address one of the biggest pain points of online fashion shopping—returns and exchanges…
• Reliance expands trading area by 50% for non-food & general merchandise chasing higher margins
  16 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail, India’s largest retailer, is expanding its non-food and general merchandise trading area by 50% in grocery stores to boost margins. This move supports its hyper-local e-commerce platform Jiomart. The company aims to double its business in the next 3-4 years and is focusing on premium segments as disposable incomes rise…
• Lulu Group roped in to promote Indian organic products globally
  16 September 2024, retail.economictimes.indiatimes.com
  APEDA will support these efforts by facilitating connections between organic growers in India including Farmer Producer Organizations (FPOs), Farmer Producer Companies (FPCs) and cooperatives, and the LuLu Group…
• Rapido talks to Zepto for quick-commerce delivery
  16 September 2024, retail.economictimes.indiatimes.com
  Ride-hailing startup Rapido, which turned unicorn recently, is in talks with quick commerce startup Zepto and grocers Pincode and KPN to foray into the quick commerce delivery business, sources told TOI…
• Water purifier maker Livpure eyes 10 lakh subscriptions in 4 years
  16 September 2024, retail.economictimes.indiatimes.com
  Livpure aims to secure over 10 lakh subscriptions for its water-as-a-service model in the next four years, enhancing access to clean water across India. The company targets a turnover of Rs 900 crore this fiscal year, reflecting a growth of up to 60 percent from the previous year…
• Looking Back, Looking At The Present And The Next
  16 September 2024, indianretailer.com
  A report by PwC India states that Seismic changes and shifting consumer behavior have redefined the Indian retail and consumer (R&C) sector in the past few years. The sector is estimated to exceed $2 trillion in the next decade, growing at a long term CAGR of 1.5X to 2X of real GDP growth…
• HeyDude Footwear Now Available in India, Partners with Metro Brands
  16 September 2024, indianretailer.com
  American footwear brand HeyDude has officially launched in India through a strategic partnership with Mumbai-based footwear retailer Metro Brands Ltd. (MBL)…
• Zara Opens Its 24th Retail Store in India at Bengaluru’s Phoenix Mall of Asia
  16 September 2024, indianretailer.com
  Global fashion giant Zara, owned by Inditex, has unveiled its 24th retail store in India at the Phoenix Mall of Asia in Bengaluru. Spanning over 36,000 sq. ft., the new store occupies the first floor of the mall and introduces several cutting-edge features aimed at enhancing customer experience…
• Agilitas Sports Secures Strategic Investment from Spring Marketing Capital
  16 September 2024, indianretailer.com
  Bengaluru-based athleisure sportswear start-up Agilitas Sports has announced a strategic investment from Spring Marketing Capital, though the exact amount remains undisclosed…
• FREYAA Partners with TAJ Group to Launch Exclusive Couture Collection
  16 September 2024, indianretailer.com
  FREYAA, a leading fashion brand known for its versatility and innovation, has announced a prestigious collaboration with the distinguished TAJ Group of Hotels…
• Patiala house court discharges Ambience Group’s promoter in PMLA case
  16 September 2024, retail.economictimes.indiatimes.com
  This case involved loans granted by a consortium of banks for the construction of the Ambience Hotel in Shahdara, Delhi. The Enforcement Directorate (ED) had accused Gehlot of money laundering linked to these loans. ..
• High streets will be a big part of Runwal’s upcoming mixed-used developments: Sanya Runwal, director – Retail
  16 September 2024, indiaretailing.com
  When travelling on the Eastern Express Highway in Mumbai it’s hard to miss the gigantic hoardings by Runwal, Mumbai Metropolitan Region’s leading real estate player enticing people to book a home at many of its upcoming projects…
• Over one-third of grocery products listed on a major e-commerce platform have information discrepancies: Study
  16 September 2024, indiaretailing.com
  As many as 34.83% of grocery products (approximately 1,000 products) listed on a major e-commerce platform have incomplete or inaccurate information, according to a study by health and retail tech platform Natfirst…
• Final CCI order on Amazon & Flipkart likely by November
  14 September 2024, retail.economictimes.indiatimes.com
  The Competition Commission of India is expected to issue final orders by November on its investigation into Amazon and Flipkart’s alleged anti-competitive practices. The probe has found that both companies extended preferential treatment to select sellers, distorting competition across various product categories. The final decision will follow deliberations on the findings and responses from the parties involved…
• Kalpataru Projects International Ltd Bags Rs 2,774 Cr Orders
  14 September 2024, rprealtyplus.com
  Kalpataru Projects International Limited (KPIL) on Thursday said it has bagged orders worth Rs 2,774 crore. The orders are for the Transmission & Distribution (T&D) business in foreign markets followed by the…
• Sushma Group Buys 59-Acre Land for Mix-Use Project In Ludhiana
  14 September 2024, rprealtyplus.com
  Sushma Group has acquired a 59-acre land parcel in a prime location. The strategic acquisition will see the development of a mixed-use project, comprising residential, industrial, and commercial plots, aimed at bolstering Ludhiana’s real estate landscape…
• Dixon Technologies to manufacture notebooks for Asus under PLI 2.0
  14 September 2024, retail.economictimes.indiatimes.com
  Electronics contract manufacturer Dixon Technologies will be manufacturing notebooks for Taiwanese company Asus under the Production-linked incentive 2.0 scheme, the company said in an exchange filing…
• FSSAI starts special drive to check adulteration during festive season
  14 September 2024, retail.economictimes.indiatimes.com
  The Food Safety and Standards Authority of India (FSSAI) has launched a special drive to ensure the safety and quality of food items during the festive season. Food Safety Officers and Designated Officers are instructed to maintain strict surveillance over sweets, savouries, and dairy products to prevent adulteration practices that could harm consumers’ health…
• Vegas Mall in Delhi saw max average footfall during April-June among top 25 shopping malls, says report
  14 September 2024, retail.economictimes.indiatimes.com
  GeoIQ’s report reveals that Vegas Mall in Delhi saw the highest average daily footfall during April-June, followed by V3S East Centre Mall and Phoenix Marketcity in Mumbai. The data is based on anonymised geolocation from mobile devices. GeoIQ aims to enhance offline retail insights using location data and machine learning…
• Non-metro cities leading in orders on e-commerce platforms in India: Report
  14 September 2024, retail.economictimes.indiatimes.com
  Non-metro cities are leading the pack in India when it comes to growth in orders on e-commerce platforms, with at least 60 per cent of online orders coming from tier 2 cities and smaller towns, a report showed on Friday…
• Tax remission benefits extended to e-commerce exports
  14 September 2024, financialexpress.com
  To boost exports through e-commerce, the government on Friday extended the tax remission benefits available to other exporters for shipments made by courier…
• Titan to expand Helios portfolio by adding 10 new international watch brands in 12-18 months
  14 September 2024, retail.economictimes.indiatimes.com
  Titan Company plans to expand its Helios format by introducing 10 new international watch brands and adding 50 more stores within the next fiscal year. The company expects a substantial revenue increase from these initiatives, forecasting a 45% growth in sales during the upcoming festival season…
• Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal
  14 September 2024, retail.economictimes.indiatimes.com
  Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers…
• Government raises import tax on edible oils
  14 September 2024, moneycontrol.com
  India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s biggest edible oil importer tries to support local oilseed farmers…
• ASUS India Expands Retail Presence with New Store in Chennai
  14 September 2024, indianretailer.com
  ASUS India, the Taiwanese technology company, has expanded its retail presence in India with the opening of a new exclusive store in Chennai. Spanning 220 sq. ft., this new location will showcase a comprehensive range…
• Starbucks Opens Jangchung Lounge R, a Reserve-Only Store in Seoul
  14 September 2024, indianretailer.com
  Starbucks Korea opened its latest store, Jangchung Lounge R, in Jung-gu, Seoul, on September 12. This new store is the first Reserve-only location in the city and marks Starbucks’ 10th destination store, coinciding with the 10th anniversary of Starbucks Reserve coffee in Korea…
• Tasva Opens Store in Kolkata as Part of its Expansion in India
  14 September 2024, indianretailer.com
  Tasva, the wedding and occasion wear brand for modern Indian men, has launched its flagship store in Kolkata. Located on Elgin Road and covering 2,400 square feet, this new store further strengthens Tasva’s position in India’s..
• Top 5 Herbal Cigarette Brands in India: A Safer Smoking Alternative
  14 September 2024, indianretailer.com
  With health becoming a major concern for smokers, many are turning to herbal cigarettes as a natural alternative. Free from nicotine and harmful chemicals, these cigarettes are made using a variety of herbs,…
• Best Toy Brands in India: From Classic Toys to AR Innovation
  14 September 2024, indianretailer.com
  From educational and interactive toys to classic favorites, there’s something to spark imagination and foster development. To do so these best toy brands in India are making significant changes…
• India’s $21 Bn Beauty & Personal Care Market Poised for 11 pc Growth in 5 Yrs
  14 September 2024, indianretailer.com
  India’s beauty industry, now the world’s fourth-largest, is undergoing a significant transformation, driven by rapid changes in consumer preferences, the rise of digital platforms, and technological advancements…
• The Original Bed Co. Brings Bespoke Sleeping Solutions to India
  14 September 2024, indianretailer.com
  The Original Bed Co. (TOBC), a UK-based brand known for its customizable and high-quality beds, is expanding into the Indian retail market. With a focus on personalized craftsmanship, the company aims to meet the growing demand for bespoke beds in Indian homes…
• Kalyan Jewellers Opens Revamped Showroom on MG Road in Indore
  14 September 2024, indianretailer.com
  Kalyan Jewellers, one of India’s largest jewellery retailers, has launched its newly redesigned showroom on MG Road in Indore. This revamped location, part of Kalyan’s ongoing retail expansion in India, was inaugurated by Bollywood star Ranbir Kapoor…
• Britannia Industries Launches AI-Powered Recipe Platform in India
  14 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
• Real Estate Developers Urge GST Framework Overhaul For Real Estate
  13 September 2024, rprealtyplus.com
  CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has called for a comprehensive review of the Goods and Services Tax (GST) framework affecting the real estate sector…
• Quick commerce war expands into battle for leadership talent
  13 September 2024, retail.economictimes.indiatimes.com
  Poaching is rampant and Rs 2-3 crore salaries plus millions in stocks are on offer for top talent as the likes of Swiggy Instamart, Zepto, Blinkit and Flipkart focus on beefing up their leadership teams in the face of intensifying competition, recruiters and industry folks said…
• Personal audio product sales rise amid new-found passion for podcasts, audio series
  13 September 2024, retail.economictimes.indiatimes.com
  Indians’ growing interest in podcasts and audio series has driven sales of personal audio products like headsets and Bluetooth speakers, despite a slowdown in the electronics industry. The market for personal audio devices has seen significant growth, with true wireless headsets and neckbands leading the segment. Rising disposable incomes and affordable device options are contributing to this trend…
• Growel Group introduces pet food brand Carniwel, to invest Rs 100 crore over next 3 years
  13 September 2024, retail.economictimes.indiatimes.com
  Currently, the brand has launched 42 SKUs and plans to expand it to up to 98 SKUs by this fiscal year’s end…
• Paytm aims for profitability with ‘compliance-first’ approach: Vijay Shekhar Sharma at AGM
  13 September 2024, retail.economictimes.indiatimes.com
  Paytm founder Vijay Shekhar Sharma announced at the company’s 24th annual general meeting that they aim to achieve profitability soon. The company will strictly adhere to regulatory guidelines and adopt a compliance-first approach. Paytm plans to expand its merchant network and build cross-sell capabilities around financial services like loans, mutual funds, and insurance products…
• Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores
  13 September 2024, retail.economictimes.indiatimes.com
  Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
• Half of respondents plan higher spend online during festive season: Survey
  13 September 2024, retail.economictimes.indiatimes.com
  “Nearly 50 per cent of respondents who intend to shop online, stated they would spend more on online festive shopping compared to last year. This trend cuts across metros (55 per cent) and tier-2 cities (43 per cent in cities with 10-40 lakh population),” the report said…
• Zara to offer its secondhand clothes service in US by October
  13 September 2024, retail.economictimes.indiatimes.com
  Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday…
• Fabindia collaborates with MoMSME to promote products of artisans
  13 September 2024, retail.economictimes.indiatimes.com
  Fabindia has partnered with the Ministry of Micro, Small, and Medium Enterprises under the PM Vishwakarma Scheme to support traditional Indian artisans. The collaboration aims to promote artisan products, provide financial support, skill development, and marketing assistance, enhancing their market reach through Fabindia’s retail network…
• FSSAI asks States to maintain strict vigil ahead of the festival season
  13 September 2024, thehindubusinessline.com
  Directs state food safety commissioners and regional directors to ramp up enforcement and surveillance drives for sweets, savouries and milk-related products including khoya and paneer…
• McDonald’s extends $5 deal through December to keep customers coming
  13 September 2024, retail.economictimes.indiatimes.com
  McDonald’s introduced the deal in June after a disappointing first quarter that saw fewer U.S. visits and lower spending per order, particularly from customers earning less than $45,000 per year. The $5 Meal Deal includes a McDouble burger or McChicken sandwich, small fries, a four-piece Chicken McNuggets and a small drink…
• Retail inflation rises a tad to 3.65% in August; factory output increases
  13 September 2024, retail.economictimes.indiatimes.com
  Retail inflation in India rose slightly to 3.65% in August, driven by higher food prices, but remained below the Reserve Bank of India’s target. Industrial output increased by 4.8% in July, supported by growth in manufacturing and capital goods. Experts warn of potential risks from weather conditions affecting food inflation…
• Zara Opens New 36,000-Square-Foot Store at Phoenix Mall of Asia in Bengaluru
  13 September 2024, indianretailer.com
  Zara has unveiled its latest store at Phoenix Mall of Asia in Bengaluru, marking the brand’s 24th store in India. The new retail space spans over 36,000 square feet, located on the mall’s first floor…
• 10 Best White Wine Brands in India: A Comprehensive Guide
  13 September 2024, indianretailer.com
  White wine is becoming increasingly popular in India as more people discover its refreshing taste and versatility in pairing with Indian cuisine. Whether you’re an experienced wine enthusiast or just beginning to explore, this…
• Britannia Industries Launches AI-Powered Recipe Platform in India
  13 September 2024, indianretailer.com
  Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India…
• Fabindia Partners with Government to Promote Artisan Crafts Across India
  13 September 2024, indianretailer.com
  Fabindia, a leading lifestyle brand in India, has entered into a strategic collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) under the Government of India’s PM Vishwakarma Scheme, launched on September 17, 2023…
• Best Diwali Gifting Ideas for Employees: Delight Your Team with Thoughtful Gifts
  13 September 2024, indianretailer.com
  Diwali, the festival of lights, is a time for celebration, joy, and togetherness. It’s also a great chance for employers to appreciate their employees with thoughtful gifts. However, selecting the perfect Diwali gift can be tough, especially when working with a budget…
• Archies Expands into Quick Commerce and Global Markets
  13 September 2024, indianretailer.com
  Archies, a well-established name in the social expression industry for decades, is navigating a significant transition as it adapts to the evolving retail landscape in India…
• Diageo India and BharatCares Launch WASH Projects in Meghalaya Schools
  13 September 2024, indianretailer.com
  Diageo India (United Spirits Ltd.), in collaboration with BharatCares, has initiated Water, Sanitation, and Hygiene (WASH) projects in two schools in Meghalaya—Seng Khasi Upper Primary School in Mawlai Khasi Hills and Soso Tham Memorial School in Lawsohtun…
• NEWME Sets New Standard in Fast Fashion with 90 Minutes Delivery
  13 September 2024, indianretailer.com
  NEWME, a notable name in the fast fashion sector in India, has announced a significant advancement with the launch of its 90-minute delivery service. This move positions NEWME as the first and only brand in the fast…
• Brigade Group’s Buzzworks Forays In Hyderabad
  12 September 2024, rprealtyplus.com
  Brigade Group has announced the launch of its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City…
• India outpaces China, becomes 2nd-biggest market for Pernod Ricard amid premium push, says CEO
  12 September 2024, retail.economictimes.indiatimes.com
  India has surpassed China to become the second-largest market by sales for French distiller Pernod Ricard, driven by a growing affluent population and higher sales of premium brands. The company controls a significant share of India’s whiskey market and continues to invest in expanding its presence in the country…
• Metavisio-Thomson India to buy into New Shop after $150 million distribution deal
  12 September 2024, retail.economictimes.indiatimes.com
  Metavisio-Thomson’s India unit is acquiring a minority stake in New Shop, a convenience retail chain. The deal, valued at $125-$150 million, involves setting up 120 flagship stores in two and three-tier markets. New Shop is also acquiring the 24Seven grocery chain from Godfrey Phillips. The partnership aims to expand their product portfolio and presence across India…
• Relaxo enters Morocco market; eyes double-digit growth for next 5 years
  12 September 2024, retail.economictimes.indiatimes.com
  Currently, exports contribute 5 per cent to Relaxo’s overall business. The company eyeing double-digit growth for the next 5 years…
• Purplle clocks 43% rise in FY24 revenue to Rs 680 crore, trims loss by 46%
  12 September 2024, retail.economictimes.indiatimes.com
  Purplle’s consolidated net loss narrowed by 46% to Rs 124 crore from Rs 230 crore a year ago. Total expenses grew to Rs 850 crore in FY24 from Rs 738 crore a year earlier. A significant amount of the expenditure was attributed to employee benefit expenses which rose to Rs 191 crore from Rs 170 crore…
• Consumer staples suppliers see stable prices this festive season
  12 September 2024, retail.economictimes.indiatimes.com
  Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement…
• Former Trai chief RS Sharma becomes ONDC chairperson
  12 September 2024, retail.economictimes.indiatimes.com
  RS Sharma, former TRAI chief and NHA CEO, has been appointed as the non-executive chairperson of the Open Network for Digital Commerce (ONDC). The ONDC aims to digitize the value chain and promote open networks. Sharma’s extensive experience in IT and administrative reforms is expected to boost open commerce between entities…
• 60% consumers plan to boost online shopping budgets this festive season: Meesho survey
  12 September 2024, retail.economictimes.indiatimes.com
  In terms of sellers, the report said that 65 per cent of sellers are preparing for the festive season by launching new products, while others are adding new categories and investing in seller ads…
• Zara owner Inditex’s strong autumn sales offset first-half growth slowdown
  12 September 2024, retail.economictimes.indiatimes.com
  Fashion retailer reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts’ forecasts of tougher times for fashion retailers in Europe, partly due to wetter-than-expected weather in early summer…
• ‘Rural is becoming accretive to FMCG growth in recent months’, says Ritesh Tiwari, CFO, HUL
  12 September 2024, financialexpress.com
  Hindustan Unilever’s (HUL’s) chief financial officer (CFO) Ritesh Tiwari believes that categories such as beauty, foods & health and wellbeing as well as rural markets will drive growth for players in the domestic fast-moving consumer goods (FMCG) industry going ahead…
• LuLu Hypermarket to come up in three metro stations
  12 September 2024, retail.economictimes.indiatimes.com
  The Hypermarkets are coming up at a time when metrorail’s daily average ridership has touched three lakhs for the first time since the metro train services commenced in the city in June 2015. But the average daily patronage is still only 39% of the initial estimated ridership. With the opening of the Hypermarkets, CMRL expects more people to use metro trains for shopping…
• McDonald’s rolls out kiosks that take cash, pushing diners away from cashiers
  12 September 2024, retail.economictimes.indiatimes.com
  McDonald’s is advancing towards a future with minimal human cashiers by introducing new digital ordering stations in the US. These stations, which can handle cash transactions and provide change, aim to reduce reliance on cashiers. Although human workers will remain in roles like food delivery and customer service, the new setup encourages customers to use kiosks or mobile apps, thus speeding up service and improving accuracy…
• See beyond the numbers, grow beyond limits with PerceptInsight
  12 September 2024, retail.economictimes.indiatimes.com
  Imagine you are addressing a meeting to delve into stagnating, or worse, declining monthly repeat rates. An eager team member suggests re-launching the marketing campaign, citing past success in reviving dormant users…
• Limited Edt Strengthens Presence in Asia with Entry Into Indian Market
  12 September 2024, indianretailer.com
  The streetwear and sneaker culture has seen remarkable growth globally, and India is no exception. With the fashion industry increasingly focusing on comfort and convenience, this trend has gained significant traction in the Indian retail market…
• New Balance Expands Retail Footprint in India with Jalandhar Store Opening
  12 September 2024, indianretailer.com
  New Balance, known for its high-quality craftsmanship and comfort, continues its retail expansion in India with the launch of its first store in Jalandhar, located in the bustling Model Town Market…
• Mila Beauté Enhances Retail Strategy with New VP Shailendra Gaur
  12 September 2024, indianretailer.com
  Mila Beauté, an Indian beauty brand with a global outlook, has announced the appointment of Shailendra Gaur as its new Vice President of Retail. In his new role, Shailendra will lead the brand’s retail growth and oversee…
• Discover Top 7 Luxury Chocolates Brands in India: Savor the Finest
  12 September 2024, indianretailer.com
  Let’s all admit that it’s hard to say no to luxury chocolate. Not only do kids like them, but so do the elderly. Did you know that chocolate may also improve our mood? Chocolates have the ability to increase serotonin production…
• Fruit of the Loom Partners with Bradford License India in the Indian Market
  12 September 2024, indianretailer.com
  Fruit of the Loom, the iconic American apparel brand, has partnered with Bradford License India to bring its unique blend of affordable quality, comfort, and style to Indian consumers through strategic licensing partnerships…
• Karnataka Prepares for Invest Karnataka 2025 with Focus on Inclusive Growth
  12 September 2024, indianretailer.com
  Karnataka is gearing up for its next big investment event, Invest Karnataka Summit 2025 (Global Investors Meet 2025), aimed at driving growth in India’s industrial and retail sectors…
• Bengaluru’s Origin Set to Disrupt India’s $2.8 Bn Quick Commerce with Fresh Produce and 40 Dark Stores
  12 September 2024, indianretailer.com
  Bengaluru’s very own Origin, India’s first-ever fresh produce brand, has officially launched, promising lightning-fast delivery of over 250 varieties of fruits, veggies, herbs, and exotic produce — all within just 12 hours of harvest!…
• Bhakti Modi takes charge as CEO of Reliance Retail’s omni-channel beauty platform Tira
  11 September 2024, retail.economictimes.indiatimes.com
  Bhakti Modi, daughter of Mukesh Ambani’s key associate Manoj Modi, has been handling strategy and execution as part of the leadership team at Reliance Retail as a cofounder since its official launch by Isha Ambani in April 2023. She was involved in strategy and new business initiatives for a while at Reliance Retail…
• Impresario expanding with tech-driven innovation, aims to open 100 outlets of SOCIAL in next 4-5 years
  11 September 2024, retail.economictimes.indiatimes.com
  Impresario Entertainment & Hospitality is expanding its presence in tier 2 and tier 3 cities with a tech-first approach. The company aims to grow its SOCIAL network to 100 outlets in the next 4-5 years, leveraging technology, cultural relevance, and resilience. It also plans to expand cloud kitchen models and delivery-only concepts to meet rising demand and cater to new-age tech-savvy consumers…
• Lulu Group aims to up agri sourcing from India to Rs 15,000 crore in two years, says CMD
  11 September 2024, retail.economictimes.indiatimes.com
  Lulu Group from the UAE plans to raise its Indian agricultural procurements to Rs 15,000 crore over the next two years. With a special focus on organic goods, the company aims for Rs 2,000 crore annually. Investments include a logistics hub in Noida and an almost complete food plant in Kashmir…
• 10-min food delivery to grab 20% of food-tech market, says Curefoods’ Ankit Nagori
  11 September 2024, retail.economictimes.indiatimes.com
  “I wouldn’t be surprised if 10-20% of the entire food-tech industry adopts the 10-minute model within the next 18 months. This could very well be the future of how we eat.”..
• GIRS: Unlock the next big wave of retail at 2nd edition of GIRS on Feb 20-21, 2025 in Mumbai
  11 September 2024, retail.economictimes.indiatimes.com
  The highlight of the 2-day GIRS summit will be 200+ speakers, 1000+ attendees, 50+ exhibitors, and 500+ brands. The agenda of GIRS 2025 (Great India Retail Summit) revolves around the theme ‘Retail Futurescape: Creating Tomorrow’s Possibilities’ providing endless opportunities to shape the future of retail. Unlock the next big wave of retail…
• Archies betting big on quick commerce platforms; plans global expansion
  11 September 2024, retail.economictimes.indiatimes.com
  Archies, a major player in gifts and greeting cards, aims to triple its sales to Rs 15-18 crore through quick-commerce platforms by this fiscal end. The company plans global expansion into the Middle East, UK, Canada, and Southeast Asia while also opening new stores in North India and boosting online presence…
• Barkha Singh on crafting her brand: Navigating content, celebrity endorsements, and entrepreneurship
  11 September 2024, retail.economictimes.indiatimes.com
  ​Singh’s journey in brand endorsements reflects the changing dynamics of media. “When I used to do television, the only choice I had was whether to do or not do the ad. Brands mostly relied on print and TV, and as an actor, it was about taking what came your way,” she explained. With the rise of digital platforms, that equation has shifted significantly…
• This Diwali, quick comm comes bearing gifts; platforms partner FMCG brands for special packs, offers, ads
  11 September 2024, retail.economictimes.indiatimes.com
  Quick commerce companies are collaborating with FMCG brands like Parle, Mondelez, and ITC for the festive season. They are aiming to boost inventory levels by 60% and offer special packs and promotions on chocolates, sweets, dry fruits, and cookies. The platforms are also partnering with consumer electronics companies for kitchen appliances and personal care products…
• Swiggy takes Instamart to 43 cities ahead of festive season
  11 September 2024, retail.economictimes.indiatimes.com
  “The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products-from everyday essentials to electronics delivered in just 10 minutes from both national and local brands,” said Amitesh Jha, chief executive officer of Swiggy Instamart…
• Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports
  11 September 2024, retail.economictimes.indiatimes.com
  “The open offer is being made by the acquirer along with the Person Acting in Concert (PACs) for acquisition of up to 60.99 lakhs shares, constituting 26% ol the equity share capital of the target company, at a price of Rs41 per share,” it said in a BSE filing…
• Retail, consumer CEOs see shorter tenures as boards act more quickly
  11 September 2024, retail.economictimes.indiatimes.com
  CEOs in retail and consumer goods sectors face shorter tenures as corporate boards act faster to replace them. Driven by increased investor activism and the need for rapid innovation, boards are making swift changes to signal improvement. The trend highlights a lack of patience at the board level, aiming for quick results…
• Rajnish Wellness to invest Rs 50 cr to open 33 new stores
  11 September 2024, retail.economictimes.indiatimes.com
  “Our company has ambitious plans to establish 33 shops which align with our vision of providing accessible and affordable healthcare solutions to people across India. These shops will operate on a much larger scale than traditional supermarkets, making them a valuable asset for our company in the years to come,” said Rajnish Kumar Singh, Promoter of Rajnish Wellness…
• Xiaomi India appoints former Motorola boss Sudhin Mathur as new COO
  11 September 2024, retail.economictimes.indiatimes.com
  Xiaomi India has appointed Sudhin Mathur, former Motorola India head, as chief operating officer as it marks a decade in the country. Mathur will play a key role in shaping and executing Xiaomi’s strategic vision to maintain growth momentum and achieve business goals, according to a company statement…
• Smartphone retailers request price parity to Apple, Samsung and other phone brands
  11 September 2024, retail.economictimes.indiatimes.com
  Mobile phone retail chains in South India have requested smartphone brands to maintain price parity between online and offline stores during the festive season. The South India Organised Retailers Association, representing 21 chains, emphasized that fair pricing would benefit brands, retailers, and customers alike by promoting fairness and enhancing the overall customer experience…
• Cobb Apparels Expands Retail Footprint with 600th Store Opening in Jammu
  11 September 2024, indianretailer.com
  Cobb Apparels, a leading garment retail brand and exporter, has reached a significant milestone with the opening of its 600th store in India. The new location, situated in Bari Brahmana, Jammu, marks the latest expansion in Cobb Apparels’ growing retail presence across the country…
• Reliance Retail and Delta Galil Forge Strategic Apparel Partnership in India
  11 September 2024, indianretailer.com
  Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel…
• Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs
  11 September 2024, indianretailer.com
  IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
• ONDC Appoints R.S. Sharma as Non-Executive Chairperson
  11 September 2024, indianretailer.com
  The Open Network for Digital Commerce (ONDC) has announced the appointment of Dr. R.S. Sharma as the Non-Executive Chairperson. This move is expected to accelerate the adoption and expansion of ONDC within the retail sector in India…
• Lykli Noida’s Rs 5,500 Crore Retail Wonderland: 9,000 Jobs and IKEA Magic!
  11 September 2024, indianretailer.com
  Noida’s skyline is about to change, and it’s not just another regular shopping centre. It’s Lykli, the second “meeting place” from Ingka Centres, part of the Ingka Group, which also owns IKEA…
• PN Gadgil Jewellers Secures Rs 330 Cr from Anchor Investors Ahead of IPO
  11 September 2024, indianretailer.com
  PN Gadgil Jewellers Ltd announced that it has successfully raised Rs 330 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription…
• Mohali Walk Elevates Entertainment with New PVR INOX 7-Screen Multiplex
  11 September 2024, indianretailer.com
  Mohali Walk, located in Sector 62, Mohali, has elevated the city’s entertainment landscape with the grand launch of PVR INOX’s state-of-the-art 7-screen multiplex…
• Phoenix Mall Celebrates Milestone Year with Zara Launch and Dining Hub
  11 September 2024, indianretailer.com
  Phoenix Mall of the Millennium is celebrating its first anniversary, highlighting a year of incredible success and rapid growth. Over the past year, the mall has grown to include 280 stores, with plans to expand to 300 by…
• boAt Expands Smartwatch Portfolio with Storm Call 3 Plus
  11 September 2024, indianretailer.com
  boAt, India’s leading audio and wearables brand and the world’s second-largest, introduces the Storm Call 3 Plus, a premium smartwatch designed to combine style with advanced technology…
• RENÉE Cosmetics Unveils ‘RENÉE Everyday’—A Skincare-Infused Makeup Collection
  11 September 2024, indianretailer.com
  RENÉE Cosmetics, a prominent name in India’s beauty and skincare industry, has launched its latest makeup collection, RENÉE Everyday. This innovative range merges skincare and beauty, offering a fresh, effortless look that complements daily self-care routines…
• Reliance in pact with Israeli apparel company Delta Galil
  10 September 2024, retail.economictimes.indiatimes.com
  Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta’s global brands to the Indian market, expanding Reliance’s already significant presence in the innerwear segment…
• Ingka Centres to invest Rs 5,500 crore to open Lykli in Noida, generate 9,000 plus jobs
  10 September 2024, retail.economictimes.indiatimes.com
  IKEA is also planning to start online retailing in Delhi/ NCR from 2025 onwards…
• ETRetailCafe: Modi Enterprises’ Samir Krishan Modi on his mantras of success
  10 September 2024, retail.economictimes.indiatimes.com
  Samir Krishan Modi shares that nothing remains constant. He highlighted the importance of employees, innovation, and tech in redefining the success of the company…
• Footwear manufacturer Mochiko to double production capacity with Rs 300-400 cr investment
  10 September 2024, retail.economictimes.indiatimes.com
  Talking to ETRetail, Ganguly shared that the company is building a large facility for Mochiko in Noida which is expected to become operational in the next 2 months, followed by another production unit in South India in the next 6-8 months. Ganguly added that the company will invest Rs 300 – 400 crore in building these capacities…
• Carrefour teams up with Dubai’s Apparel Group to expand into India
  10 September 2024, retail.economictimes.indiatimes.com
  The partnership will be aimed at North India initially, with further expansion planned across the country and the first store openings expected in 2025, Carrefour said on Friday…
• As HUL reviews ice-cream biz, cos line up for a scoop
  10 September 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall’s and Magnum contribute about 3% to HUL’s annual sales of over ₹60,000 crore…
• iPhone 16 series to help Apple touch record 8% share in 2024 in India, say market trackers
  10 September 2024, retail.economictimes.indiatimes.com
  Apple has unveiled the iPhone 16 series at its Glowtime event, featuring Apple Intelligence for enhanced AI capabilities. The new models are expected to attract users upgrading from older versions. Despite unchanged prices, the launch is seen as crucial for Apple’s market share in India, particularly in the premium segment..
• Expect India to be among Amway’s top three global markets in five years: Country MD Rajneesh Chopra
  10 September 2024, retail.economictimes.indiatimes.com
  Amway aims to make India one of its top three global markets within five years, investing USD 4 million in four new R&D centers. The company plans to expand its customer base from 2 million to 5 million and develop products for Southeast Asia. Amway is committed to adhering to Indian laws and contributing to the Make in India initiative…
• Carlyle hires Ex-Bajaj Electricals CEO Anuj Poddar
  10 September 2024, retail.economictimes.indiatimes.com
  Carlyle has appointed Anuj Poddar, former CEO of Bajaj Electricals, as head of global portfolio solutions for Asia. Poddar will collaborate with Carlyle Asia’s investment advisory teams and leaders to drive transformational change and performance in portfolio companies. He will be based in Mumbai…
• India inflation likely held steady at five-year low of 3.50% in August: Reuters poll
  10 September 2024, retail.economictimes.indiatimes.com
  Indian consumer inflation probably held below the Reserve Bank of India’s 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year’s high base, a Reuters poll of economists found…
• Daewoo enters home appliances segment to expand share in Indian market
  10 September 2024, retail.economictimes.indiatimes.com
  “The small home appliance market in India is enormous, with room for everyone. Consumers have gradually shifted towards high-quality products that come with reliable after-sales services and warranties,” said H S Bhatia, Managing Director of Daewoo India…
• Jaypore Opens New Store in Guwahati, Showcasing Artisanal Craftsmanship
  10 September 2024, indianretailer.com
  Jaypore, a celebrated name in India’s artisanal and handcrafted retail space, has officially launched its newest store in Guwahati on GS Road. Known for curating an exquisite collection of artisanal apparel, home…
• Stove Kraft Unveils Multi-Functional Pigeon AirFusion Air-Fryer Rotisserie Oven
  10 September 2024, indianretailer.com
  Stove Kraft, a leader in home and kitchen solutions, has unveiled its latest innovation—the Pigeon AirFusion Air-Fryer Rotisserie Oven. This versatile appliance combines the functions of an air fryer, oven, toaster, and grill (OTG), with advanced rotisserie features, all packed into a compact and sleek design…
• Carrefour Re-enters Indian Retail Space in Collab with Apparel Group
  10 September 2024, indianretailer.com
  France’s largest supermarket operator, Carrefour, is making a return to the Indian retail market through a franchisee partnership with Dubai-based Apparel Group…
• Shoppers Stop Unveils Its Pujo Collection at South City Mall Fashion Show
  10 September 2024, indianretailer.com
  Shoppers Stop, India’s leading omnichannel destination for premium fashion, beauty, and gifting, launched its much-anticipated Pujo Collection in a spectacular fashion show at South City Mall, Kolkata…
• Lulu Mall Kozhikode Opens, Marks New Era of Modernization in Kerala
  10 September 2024, indianretailer.com
  UAE-based multinational conglomerate Lulu Group has officially opened its latest shopping destination in Kozhikode, marking a significant milestone in the region’s development…
• Acer’s Project DualPlay Sets New Standards for Gaming Laptop Design
  10 September 2024, indianretailer.com
  Acer has unveiled its latest concept, the Project DualPlay gaming laptop, during the next@acer global press conference in Berlin, Germany. Designed for the growing gaming community, this Predator series concept aims to…
• Jockey Targets Gen Z with Refreshed ‘Nothing Fits Better’ Campaign
  10 September 2024, indianretailer.com
  Page Industries, the exclusive licensee of JOCKEY International Inc continues to push the growth of Jockey’s men’s innerwear segment in India, with a renewed focus on younger audiences, particularly Gen Z…
• Philips Appoints Bharath Sesha as Managing Director for Indian Subcontinent
  10 September 2024, indianretailer.com
  Philips, a global leader in healthcare technology, announced on Monday that Bharath Sesha has been appointed as the Managing Director (MD) for the Indian subcontinent, effective from September 1, 2024…
• Nykaa Strengthens Leadership with Sukhleen Aneja as Business Head for Kay Beauty
  10 September 2024, indianretailer.com
  In a strategic move to bolster its celebrity beauty brand, Kay Beauty, India’s leading beauty and fashion retailer, Nykaa, has appointed Sukhleen Aneja, former CEO of Good Brands Co (part of the Good Glamm Group), as the new Senior Vice President and Business Head…
• Aurea Expands Portfolio with The Body Shop Acquisition
  10 September 2024, indianretailer.com
  Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has announced the completion of its acquisition of The Body Shop, a pioneering brand in ethical beauty. The acquisition reflects Auréa’s commitment to investing in purpose-led, differentiated brands, particularly in the Beauty, Wellness, and Longevity sectors…
• Evaluating the ROI of Experience Studios in the Retail Sector
  10 September 2024, indianretailer.com
  Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an…
• E-commerce and Jewelry: Navigating the Online Retail Landscape
  10 September 2024, indianretailer.com
  The retail industry has undergone a significant transformation with the rise of e-commerce, and the jewelry sector is no exception. In 2023, global e-commerce sales in the jewelry market reached approximately $250 billion, a figure expected to grow by 8 percent annually…
• Zepto Drives Ganesh Chaturthi Sales with a Surge in Festive Treats and Eco-Friendly Idols
  10 September 2024, indianretailer.com
  Zepto, India’s rapidly expanding consumer internet company, is reshaping how families across the country celebrate Ganesh Chaturthi. With a sharp rise in sales, the company has reported selling 1,500 ready-made modaks per hour, along with a steady 500 modak moulds per hour…
• Apple’s Reveals iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more Next-Level Tech for 2024
  10 September 2024, indianretailer.com
  Apple’s annual Glow event once again showcased the brand’s ability to blend cutting-edge technology with sleek design. CEO Tim Cook opened the event with a speech that celebrated Apple’s ongoing commitment to innovation, sustainability, and user-centric features…
• County Group Secures Development Rights Of 7.9-Acre In Gurugram
  09 September 2024, rprealtyplus.com
  Delhi-NCR-based County Group has secured development rights of a 7.9-acre land parcel in Gurugram for Rs 105 crore from Brock Developers Private Limited and Ashiana Landcraft Realty Private Limited, according to documents accessed by CRE Matrix, a real estate analytics firm…
• Made-in-India iPhone 16 to become available globally within days of sales launch
  09 September 2024, retail.economictimes.indiatimes.com
  Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said…
• Snacking while binge-watching? OTTs, brands smell opportunity
  09 September 2024, retail.economictimes.indiatimes.com
  Snack brands are partnering with streaming platforms like Netflix, Amazon Prime Video, and Disney Hotstar to offer co-branded packs tailored for binge-watching. Brands such as 4700BC, KitKat, Cornitos, and Pringles are launching these products to target the growing number of OTT users in India…
• Tata Starbucks brewing innovation in a tea-drinking nation, expands with experiential store
  09 September 2024, retail.economictimes.indiatimes.com
  In an interaction with ETRetail, Sushant Dash, CEO of Tata Starbucks, said, “We have nearly doubled our stores in the last three years, and we will continue to expand further.” The growth will be driven by diverse store formats, including drive-throughs, metro outlets, and airport locations, catering to the evolving needs of consumers. “The fundamental idea will remain the same,” he added, emphasizing the brand’s consistent focus on customer experience…
• Not so fast, quick com(m)-rades
  09 September 2024, retail.economictimes.indiatimes.com
  Two Stanford dropouts, Kaivalya Vohra and Aadit Palicha, have become the youngest Indian billionaires with their quick commerce venture, Zepto. Despite rapid growth, the long-term profitability of such businesses remains uncertain. The competitive landscape challenges established retailers, but the sustainability of high margins is questionable…
• QSR industry focus: Dine-in channel growth remains muted on weakness in SSSG; Zomato, Swiggy fragmenting market share
  09 September 2024, financialexpress.com
  Even as quick-service restaurants (QSR) rapidly expanded their store count after a strong recovery post Covid, the industry is currently witnessing sluggishness on the back of demand slowdown and a challenging macroeconomic environment…
• UAE’s Lulu Group unveils plans for $480 million Mall in Ahmedabad, will create 3,000 jobs
  09 September 2024, livemint.com
  MA Yusuff Ali, CMD of the Lulu Group International, is happy about the UAE-based retailer’s plans to invest in India, ANI reported on September 8. Lulu Group is set to build what is being billed as “India’s largest shopping mall” in Ahmedabad, Gujarat…
• Ice-cream start-ups scoop up funding, heat up action with different serves
  09 September 2024, thehindubusinessline.com
  Cool new flavours and start-ups with unique business models were seen at the recently concluded Indian Ice Cream Expo in Gandhinagar. Take Ice Cream Junction, a niche ice-cream brand floated recently by the Choudhary brothers from Pali in Rajasthan…
• Ikea to launch smaller stores
  09 September 2024, financialexpress.com
  Ikea, the world’s largest furniture retailer known for its signature warehouse-style stores across markets, is now looking at a compact store format of around 30,000-40,000 square feet in the country…
• App-first Gen Z scripting big shifts in consumption trends: Bernstein report
  09 September 2024, retail.economictimes.indiatimes.com
  Indian Gen Zs are the world’s largest, the report said about the cohort born into a digital age, that shops, works and eats online. Gen Z is the generation born between 1996 and 2010…
• Primark Eyes Expansion into UAE Retail Market
  09 September 2024, indianretailer.com
  International fashion retailer Primark is poised to enter the UAE retail sector. Alshaya Group, a leading international retail franchise operator, announced a strategic partnership with the British brand to explore store openings in the Middle East…
• Managing Supply Chain Disruptions in the FMCG Sector
  09 September 2024, indianretailer.com
  In the bustling landscape of India’s Fast Moving Consumer Goods (FMCG) sector, where demand changes rapidly and competition is fierce, maintaining a consistent supply of goods to consumers is a significant challenge. The total revenue of the FMCG market is expected to grow at a CAGR of 27.9 percent through 2021–27, reaching nearly $ 615.87 billion…
• Mokobara Opens Third Mumbai Outlet, Strengthens Nationwide Presence
  09 September 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has taken another significant step in its retail expansion with the launch of its third store in Mumbai, located at Nexus Seawoods, further solidifying its presence in the city…
• McDonald’s Taps AI for a Personalized Signature Collection Experience
  09 September 2024, indianretailer.com
  McDonald’s India – North and East has introduced its new “Signature Collection,” a range of gourmet burgers aimed at the growing premium segment. With this new lineup, the brand seeks to elevate the quick-service restaurant (QSR) experience, setting a higher standard for quality and flavor…
• Barbie Partners with Reebok for New Collection Inspired by the Dream Gap Project
  09 September 2024, indianretailer.com
  Reebok has teamed up with Mattel’s iconic Barbie brand to unveil a new creative campaign and a comprehensive footwear and apparel collection, celebrating Barbie’s 65th Anniversary…
• The Body Shop Collaborates with Diana Penty for Festive Vitamin C Skincare Campaign
  09 September 2024, indianretailer.com
  The Body Shop, the esteemed British-born ethical beauty brand, has announced a new collaboration with Indian model and actress Diana Penty to highlight its acclaimed Vitamin C skincare range. This partnership focuses on a straightforward skincare routine designed to deliver a natural, radiant glow just in time for the festive season…
• What Makes Starbucks India’s First Experiential Store a Game-Changer for Coffee Lovers
  09 September 2024, indianretailer.com
  Starbucks India has always been synonymous with coffee excellence, innovation, and a seamless customer experience. This year, the iconic brand has taken a bold new step in elevating the coffee culture in the country…
• Evaluating the ROI of Experience Studios in the Retail Sector
  09 September 2024, indianretailer.com
  Experience studios are specialized retail spaces designed to offer customers a tangible, immersive interaction with products and services. Unlike traditional retail environments, experience studios focus on creating an environment where customers can visualize and engage with the product in a way that goes beyond simple browsing…
• Partnering with like-minded brands builds trust and expands our reach: Shreedha Singh of TAC
  09 September 2024, indiaretailing.com
  The inspiration behind The Ayurveda Co. (TAC) comes from Shreedha Singh’s battle with Urticaria, a persistent skin condition she struggled with for nearly three years, trying countless remedies without success…
• Godfrey Phillips shareholders OK appointment of Bina Modi as MD
  07 September 2024, retail.economictimes.indiatimes.com
  Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company’s shareholders to vote in her favour at the culmination of the company’s annual general meeting on Friday, as per a stock exchange disclosure…
• HUL forms panel of independent directors to evaluate prospects of ice cream biz
  07 September 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever Ltd’s board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC’s earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings…
• Nykaa appoints Sukhleen Aneja to drive Kay Beauty growth
  07 September 2024, retail.economictimes.indiatimes.com
  Adwaita Nayar, executive director Nykaa, CEO Nykaa Fashion and head of owned brands said, “We are delighted to welcome Sukhleen Aneja to the Nykaa Family to lead the Kay Beauty and Nyveda businesses. Sukhleen’s extensive experience in building customer-centric brands will be invaluable as we up our ambition on both brands. For Kay Beauty specifically, her strategic vision, along with Katrina’s marketing mind and might, will enable the INR 150 crore brand to scale to the next level both domestically and internationally”…
• Coca-Cola global EVP Henrique Braun reveals co’s growth strategy for India
  07 September 2024, retail.economictimes.indiatimes.com
  Coca-Cola is segmenting India into clusters to identify areas with faster growth potential. The company sees India as a key market with significant growth opportunities despite uneven recovery trends post-pandemic. Coca-Cola India’s revenue and profit saw substantial increases in FY23, reflecting strong market performance…
• ETRetail concludes 4th edition of e-commerce and digital natives summit 2024 in Bengaluru
  07 September 2024, retail.economictimes.indiatimes.com
  The event featured vibrant panel discussions, thought-provoking fireside chats, and a startup kickoff session. In addition, there were dedicated tracks on the customer journey and marketing excellence, fostering valuable networking opportunities, and culminating with the E-commerce and Digital Natives Awards, which celebrated the trailblazers of the e-commerce and D2C industries…
• Ecommerce companies set to run smartphone sales show this festival season
  07 September 2024, retail.economictimes.indiatimes.com
  Better pricing deals from phone makers for the online channels are expected to tilt the scales in their favour. “Overall, the split is expected to be 50:50 for the second half of the year, but online is expected to grow faster than offline during the festive season because of the ongoing tiff with retailers over preferential pricing which is going to increase during the festive season sales,” said Upasana Joshi, research manager, IDC India…
• Reliance eyeing to get third-time lucky in quick commerce
  07 September 2024, financialexpress.com
  The retailer, which has a network of nearly 19,000 stores in the country, has begun trial or pilot runs of 30-minute delivery services under JioMart in key cities within states such as Maharashtra and Karnataka…
• Baazar Style upbeat on higher margins this year, says private labels key to growth
  07 September 2024, moneycontrol.com
  Rekha Jhunjhunwala-backed Baazar Style Retail is confident of sustaining the current CAGR growth rate and hopes to improve on the margin, compared to FY24 levels…
• Decathlon enters quick-commerce space through Zepto
  07 September 2024, retail.economictimes.indiatimes.com
  Commenting on the partnership, Sankar Chatterjee, CEO at Decathlon India, said, “As the demand for an active lifestyle in the country continues to grow, we are committed to being part of this journey. This partnership further strengthens our mission to move people through the wonders of sport by quickly and efficiently delivering sporting products and equipment directly to their doorsteps.”..
• Retail business closure to focus on core cigarette biz: GPI Chairperson Bina Modi
  07 September 2024, retail.economictimes.indiatimes.com
  In her address to the shareholders, Bina Modi said, “this focus on our core business is in consonance with the ‘Theory of Core Competency’ propagated by the late global management guru Professor CK Prahalad. This strategy has also led us to the closure of our retail business 24Seven. At times we need to bite the bullet in the long-term interest of the company and shareholders.”..
• Two Brothers Organic Farms appoints ex-Tata Cliq director as COO
  07 September 2024, retail.economictimes.indiatimes.com
  Two Brothers Organic Farms has appointed Anupam Kapoor as chief operating officer to enhance its senior leadership team. Kapoor will manage core operations and new product development, focusing on infrastructure and product quality. This move follows the agritech startup’s Rs 58.2 crore Series-A funding round…
• Bird Group has ambition expansion plans for quick service, casual dining market
  07 September 2024, retail.economictimes.indiatimes.com
  “We are diligently executing strategic initiatives across all our business verticals, ensuring we not only meet but potentially exceed these targets. By staying true to our core values of quality, innovation, and customer satisfaction, we are confident in our ability to achieve these significant milestones and continue driving growth for our company,” said Rahul Sehgal, business head, Bird Foods…
• Starbucks Unveils First Experiential Coffee Store in New Delhi
  07 September 2024, indianretailer.com
  US-based coffee giant Starbucks has unveiled its first-ever coffee experiential store in India, located in Punjabi Bagh, New Delhi, marking a significant expansion in the country. The new store offers a unique coffee experience, featuring 16 specialty coffees from around the globe…
• Titan Expands Presence in Chandni Chowk with Six New Stores
  07 September 2024, indianretailer.com
  Titan Company Ltd., the renowned Indian jewelry retailer and watchmaker under the Tata Group, has opened six new stores in Chandni Chowk, one of Old Delhi’s busiest and most iconic markets…
• D’Decor Expands Its Presence with New Flagship Store in Delhi
  07 September 2024, indianretailer.com
  D’Decor, a leader in India’s premium home furnishing fabric industry, has opened its flagship store on MG Road, Delhi, on 5th September 2024. Known for its excellence in quality, innovation, and design, D’Decor aims to set a new standard in the home textile sector with this expansive showroom…
• Ganesh Chaturthi Gift Ideas: From Eco-Friendly Idols to Luxury Home Decor
  07 September 2024, indianretailer.com
  Ganesh Chaturthi, the festival that marks the birth of Lord Ganesha, is a celebration of the significance of the cycle of birth, life, and death. It is for the first time that Ganapati is described in a brief context in Rigveda in the…
• Bvlgari’s New Mangalsutra Necklace Combines Heritage and Modern Elegance
  07 September 2024, indianretailer.com
  Bvlgari, a prominent name in high jewelry, has expanded its retail offerings in India with the launch of the new Bvlgari Bvlgari Mangalsutra sautoir necklace. This addition follows the success of the initial Mangalsutra…
• Asos Sells 75 Pc Stake in Topshop and Topman to Danish Retailer Heartland
  07 September 2024, indianretailer.com
  Online fast-fashion giant Asos has agreed to sell a 75 percent majority stake in its Topshop and Topman brands to Heartland, a company controlled by Danish retail mogul Anders Holch Povlsen, owner of the fashion and lifestyle group Bestseller…
• Asos Sells Majority Stake in Topshop and Topman to Bestseller’s Parent Company
  07 September 2024, indianretailer.com
  Asos Plc, the UK-based online fashion retailer, has agreed to sell a 75 percent stake in its Topshop and Topman brands to Heartland A/S, a company owned by Denmark’s Holch Povlsen family, which also owns retail group Bestseller A/S…
• Cantabil Retail India Ltd. Hits 550-Store Milestone with New Openings in Delhi
  07 September 2024, indianretailer.com
  Cantabil Retail India Ltd., a prominent Indian apparel brand, has reached a notable milestone by surpassing 550 stores across the country. The company celebrated this achievement with the launch of four new stores in Delhi…
• India’s Potential SM REITs Market Value To Exceed USD 60 Bn
  06 September 2024, rprealtyplus.com
  As per CBRE South Asia Pvt. Ltd, report, the potential Small and Medium Real Estate Investment Trusts (SM REITs) market size in India is expected to exceed USD 60 bn by 2026…
• CREDAI Bengaluru urges government to implement reforms in real estate development
  06 September 2024, realty.economictimes.indiatimes.com
  The key areas of focus include providing clarity on the transferable development rights (TDR) issue that has been long pending and simplifying the regulations. The CREDAI Bengaluru opines that it..
• Durable Goods Dominate India’s Retail Market: 12.4% Spike in Consumption Expenditure in Q1-FY25!
  06 September 2024, indianretailer.com
  The consumer goods industry has seen notable shifts in consumption patterns in Q1-FY25, with production and price data offering key insights into the evolving demand landscape…
• Top 5 Music Streaming Platforms/Sites in India for 2024
  06 September 2024, indianretailer.com
  In India, music is an integral part of daily life, and with the rise of digital platforms, music streaming has become the preferred way to enjoy favorite tracks, discover new artists, and explore diverse genres…
• The Collective Expands Luxury Offerings at Pacific Mall Tagore Garden
  06 September 2024, indianretailer.com
  Pacific Mall Tagore Garden has introduced a new addition to India’s retail landscape with the launch of *The Collective*, a luxury multi-brand retail concept. Situated on the ground floor of the mall, The Collective spans 4,492.2 square feet of covered space, with a super built-up area of 7,487 square feet…
• Top Organic Ingredients to Celebrate National Nutrition Week 2024
  06 September 2024, indianretailer.com
  A nutrition-rich diet isn’t just about eating enough food; it’s about making informed choices that include a variety of foods and a balance of nutrients. To meet the body’s diverse nutritional requirements, it’s crucial to understand the components of a healthy diet and how they contribute to physical and mental health…
• Xolopak India Secures Investments from Bollywood Stars Ahead of IPO
  06 September 2024, indianretailer.com
  Xolopak India, a leading manufacturer of sustainable disposable packaging, has announced new investments from Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar in a pre-IPO funding round…
• DeVANS Expands Six Fields Portfolio, Enters Premium Lager Market
  06 September 2024, indianretailer.com
  Indian alcohol beverage (alcobev) company DeVANS has expanded its Six Fields beer lineup to enter the premium lager segment, aiming to strengthen its presence in the growing retail and hospitality sectors in India…
• Marudhar Rocks International Bags Rs 150 Cr Investment from Bharat Value Fund
  06 September 2024, indianretailer.com
  Marudhar Rocks International Private Limited, a leading building materials company in India, has secured Rs 150 crore from Bharat Value Fund (BVF) through a private placement round, valuing the company at approximately Rs 2,300 crore…
• Quick Commerce to Revolutionize Indian Retail Landscape with $10 Bn Gross Order Value by FY26
  06 September 2024, indianretailer.com
  The Indian retail industry, long dominated by traditional food and grocery markets, is on the cusp of a transformative shift as quick commerce companies rapidly gain traction…
• Anamika Khanna X H&M Collection Almost Sold Out in 32 Minutes on Myntra: Venu Nair
  06 September 2024, indianretailer.com
  Indian couture designer Anamika Khanna’s collaboration with H&M saw an overwhelming response, with nearly the entire collection selling out in just 32 minutes on Myntra…
• Daikin Expands in India as Air Conditioning Demand Soars
  06 September 2024, indianretailer.com
  Daikin Industries Ltd., the world’s largest air conditioner manufacturer, is gearing up for further expansion in India as rising temperatures increase the demand for cooling solutions…
• Colgate-Palmolive Expands Oral Beauty Range with Visible White Purple Toothpaste
  06 September 2024, indianretailer.com
  Colgate-Palmolive (India) Limited, a leading name in India’s oral care market, has introduced a new product targeting the growing interest in oral beauty. The company has launched its Visible White Purple toothpaste, a first-of-its-kind innovation in India that aims to appeal to young urban consumers…
• Ranveer Singh Becomes Equity Partner in India’s Allied Blenders
  06 September 2024, indianretailer.com
  Bollywood star Ranveer Singh has entered into a business partnership with Allied Blenders and Distillers Limited (ABDL), a leading player in India’s retail and spirits industry…
• Suroskie Launches Dessert Drip Lip Oils for Ultimate Lip Hydration and Color
  06 September 2024, indianretailer.com
  Suroskie, a leading name in the self-care and beauty industry, is excited to announce the launch of its latest innovation: Dessert Drip Lip Oils. These new lip oils are designed to bring together the decadence of dessert…
• Youneek Pro Science Sponsors Pooja Raghu for World Ultimate Championships 2024
  06 September 2024, indianretailer.com
  Youneek Pro Science, the innovative digital-first beauty brand, has announced its sponsorship of Pooja Raghu, a distinguished frisbee athlete competing in the World Ultimate Championships 2024 in Gold Coast, Australia…
• Indus Valley Unveils Ready-to-Use Hair Care Range with 24 Whole Herbs
  06 September 2024, indianretailer.com
  Indus Valley, a leader in organic and natural beauty products, has launched a premium range of Ready-to-Use Hair Care Pastes. These pastes are designed to provide effortless and effective solutions to common hair concerns, combining age-old wisdom with modern science…
• The Leela Palaces Collabs with Chef Prateek Sadhu to Showcase Himalayan Cuisine
  06 September 2024, indianretailer.com
  The Leela Palaces, Hotels, and Resorts has announced an exclusive collaboration with Chef Prateek Sadhu, in partnership with Conosh, to bring his renowned restaurant concept, NAAR, to four of its iconic properties…
• Swiggy Demonstrates Strong Financial Performance Ahead of IPO
  06 September 2024, indianretailer.com
  Swiggy, a major player in India’s food delivery and quick commerce market, has reported robust financial figures as it prepares for its upcoming Initial Public Offering (IPO). The Bengaluru-based company’s operating revenue…
• Why Food Safety & Hygiene is Important for Restaurants
  06 September 2024, indianretailer.com
  Food safety and hygiene practices in restaurants play an important role. Inadequate food safety procedures may result in food-borne infections, endangering customers and undermining the restaurant’s reputation…
• CapitaLand Investment To More Than Double Investments In India
  05 September 2024, rprealtyplus.com
  CapitaLand Investment Limited (CLI), a global real asset manager, has unveiled a target to more than double its funds under management (FUM) in its core market India by 2028, up from S$7.4 billion (INR 458.8 billion) as at 30 June 2024…
• Bhumika Group Appoints Siddharth Katyal As CEO
  05 September 2024, rprealtyplus.com
  Bhumika Group, North India’s leading real estate developer seeking to expand its footprints in Rajasthan and NCR, has announced that it has appointe Siddharth Katyal as its new Chief Executive Officer…
• Goa government to examine permissions for DLF, Bhutani Infra projects
  05 September 2024, realty.economictimes.indiatimes.com
  ​​Town and Country Planning Minister Vishwajit Rane made the announcement here. His department will examine the permissions granted to DLF for a villa project at Reis Magos in North Goa district and that to Bhutani Infra’s project at Sancoale in South Goa district, he said…
• Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play
  05 September 2024, retail.economictimes.indiatimes.com
  Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola…
• EDNS 2024: Gen-Z consumers important in India growth story, says Myntra CEO Nandita Sinha
  05 September 2024, retail.economictimes.indiatimes.com
  Sinha’s insights highlight the evolving landscape of consumer behavior in India, where Gen-Zs are emerging as a discerning, financially savvy, and research-oriented demographic. As this generation continues to shape the future of consumption, brands and businesses will need to adapt to their unique preferences and values…
• Britannia in talks to buy northeast’s Kishlay Foods
  05 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
• Britannia in talks to buy northeast’s Kishlay Foods
  05 September 2024, retail.economictimes.indiatimes.com
  Britannia Industries is in talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at `600-700 crore. This acquisition would help Britannia expand its market presence in the Northeast and enter new categories like noodles and tea. The deal is currently in due diligence stages…
• Zomato’s big Paytm play puts a spanner in KKR’s BMS plans
  05 September 2024, retail.economictimes.indiatimes.com
  KKR is talking to BookMyShow, India’s largest online ticket-booking platform, to rejig the details of the $250-300 million investment it was planning for a minority stake. Zomato recently bought Paytm’s live ticketing business in a deal valued at over Rs 2,000 crore…
• Swiggy operating revenue jumps 36% in FY24, losses down 44%
  05 September 2024, retail.economictimes.indiatimes.com
  According to the food and grocery delivery company, the rise in revenue is driven by higher commissions and advertising fees, user fees, and incremental revenue from ticket sales for events. Integrating Dineout with the Swiggy app also helped…
• Dolce & Gabbana’s operating loss widens to $14.4 million in 2023-24
  05 September 2024, retail.economictimes.indiatimes.com
  The holding, which controls the Italian fashion house founded by the designer duo Stefano Gabbana and Domenico Dolce, posted a 17% increase in revenues to 1.87 billion euros in the 12 months to March 31…
• Wellbeing Nutrition expands leadership team to accelerate growth plans
  05 September 2024, retail.economictimes.indiatimes.com
  Wellbeing Nutrition has appointed Harleen Bhatti as vice president of D2C and Kunwarjeet Singh Grover as head of growth. This leadership expansion is part of the company’s strategy to achieve a 100 per cent YoY growth rate and an annual recurring revenue (ARR) of Rs 240 crore, focusing on both online and offline markets…
• India Inc extends gender diversity push to temporary hiring for festive season
  05 September 2024, retail.economictimes.indiatimes.com
  India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced…
• India beauty, personal care market expected to reach $34 bn by 2028: Nykaa report
  05 September 2024, retail.economictimes.indiatimes.com
  According to the report, e-commerce is poised to be the biggest driver of this growth and the fastest-growing segment, anticipated to achieve a CAGR of around 25 per cent. “Rising aspirations and higher incomes among Indian consumers will propel the market for premium beauty, expected to reach USD 3-3.2 billion by 2028. With 520-560 million users in 2023, the democratisation of beauty expertise via social media is significantly influencing consumer choices,” a statement said…
• Epack Durable partners with Symphony to manufacture air coolers in growing Indian market
  05 September 2024, retail.economictimes.indiatimes.com
  Epack Durable has teamed up with Symphony to manufacture air coolers as an OEM. This partnership aims to leverage Epack’s manufacturing capacity and diversify its customer base. The Indian air cooler market is projected to grow significantly, with Symphony and Epack reporting substantial profit and revenue increases in the first quarter of FY25…
• India remains fastest growing paper market in world: Report
  05 September 2024, retail.economictimes.indiatimes.com
  India’s paper market is experiencing rapid growth, with packaging paper and paperboard consumption rising at 8.2% in 2023-24. The market, driven by demand from FMCG, textiles, pharmaceuticals, e-commerce, and healthcare sectors, benefits from the ban on single-use plastics. Overall paper demand in India grows at 6-7% annually…
• ASUS India Expands Retail Presence with New Pegasus Store in Bhubaneswar
  05 September 2024, indianretailer.com
  As part of its strategy to strengthen its retail presence across India, ASUS India, the Taiwanese tech company, has announced the launch of its new Pegasus store in Bhubaneswar…
• This World Beard Day Transform Your Beard Game with the Top Beard Oil Brands in India
  05 September 2024, indianretailer.com
  This World Beard Day, take your beard care routine to new heights with the best beard oil brands in india. Growing a thick, healthy beard demands more than just time and patience; the right grooming products can significantly impact your results…
• Sarita Handa and Maruva Team Up to Merge Luxury and Wellness in India
  05 September 2024, indianretailer.com
  In a move that aligns with the growing emphasis on sustainability in the beauty and retail sectors in India, Maruva and Sarita Handa have announced a groundbreaking collaboration that merges luxury with wellness…
• Mercedes-Benz Research and Development India Broadens Sustainability Projects
  05 September 2024, indianretailer.com
  Mercedes-Benz Research and Development India (MBRDI) has announced the expansion of its Sustainability Garage initiative, a platform aimed at fostering collaboration among various stakeholders to promote sustainability goals…
• Godawan Single Malt Expands India’s Presence in Global Spirits Market
  05 September 2024, indianretailer.com
  India, currently ranked 40th in global alcoholic beverage exports, has significant untapped potential in the sector. With increasing global demand for Indian spirits, the Agricultural and Processed Food Export Development Authority (APEDA) is focusing on promoting Indian alcoholic and non-alcoholic beverages internationally…
• Raymond Lifestyle Targets Growth in India’s Retail and Wedding Markets
  05 September 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL), the lifestyle business segment recently separated from Raymond Ltd will make its debut on the National Stock Exchange and Bombay Stock Exchange on September 5th…
• Godrej Interio Expands Focus on India’s Educational Furniture Market
  05 September 2024, indianretailer.com
  Godrej Interio, a prominent brand in India’s home and office furniture market and a part of Godrej and Boyce under the Godrej Enterprises Group, is making significant strides in expanding its retail presence within the Indian education sector…
• Raymond Lifestyle to Debut on NSE and BSE with Ambitious Growth Plans
  05 September 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL), the lifestyle arm that was demerged from Raymond Ltd. in July, is set to debut on the National Stock Exchange and Bombay Stock Exchange on September 5. RLL has ambitious growth plans as an independent listed entity…
• HyFun Foods Expands to All Major Indian Metros, Targets 10 Pc Market Share by 2025
  05 September 2024, indianretailer.com
  HyFun Foods has proudly announced a significant milestone in its retail expansion, having established its presence in all major Indian metropolitan cities, with Kolkata being the latest addition. This achievement, realized just over a year after the brand’s retail launch, marks a key advancement in HyFun Foods’ strategic growth…
• Pilgrim Raises Rs. 75 Cr in Extended Series B Round to Fuel Expansion
  05 September 2024, indianretailer.com
  Pilgrim, a prominent direct-to-consumer (D2C) brand in the beauty and personal care sector, has successfully raised Rs. 75 crore (approximately USD 9 million) in an extended Series B funding round. The round was led by Fireside Ventures and Vertex Ventures…
• Lulu Mall Kozhikode to open on 9 September
  04 September 2024, indiaretailing.com
  UAE-based multinational conglomerate company Lulu Group will open its latest mall in Kozhikode, Kerala on 9 September, as per a social media post by the retail conglomerate…
• Omaxe Group To Launch India’s First Integrated 5-In-1 Destination In Delhi
  04 September 2024, rprealtyplus.com
  Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture…
• Landmark Group To Invest Rs 4,200 Cr In New Gurugram Realty Projects
  04 September 2024, rprealtyplus.com
  Gurugram based Landmark Group plans to invest Rs 4,200 crore to expand its portfolio in residential, retail, and commercial in the next two years. The company’s plans to launch a group housing project along the Dwarka Expressway and a highstreet project in New Gurugram…
• Signature Global Announces Strategic Senior Management Restructuring
  04 September 2024, rprealtyplus.com
  Signature Global, one of India’s leading real estate companies, has taken a strategic step by significantly reconfiguring its senior management team. These decisions underscore the company’s dedication to robust leadership and employee empowerment…
• Kalpataru Ltd Plans To Enter Nagpur Real Estate Market
  04 September 2024, rprealtyplus.com
  Mumbai-based Kalpataru Ltd plans to foray into the Nagpur real estate market. The company is expected to launch a plotted development project spread across 37 acres, market sources told…
• Prestige Estates’ subsidiary buys 4.5 acres in Pune from joint development partner
  04 September 2024, realty.economictimes.indiatimes.com
  The Prestige Group entity had entered into a joint development agreement with the landowner B U Bhandari M&M Realtors LLP through a pact inked in July 2017. Both had agreed to jointly develop the plot out of a larger land parcel..
• AIPL to take rental portfolio to five million sq ft with new projects
  04 September 2024, realty.economictimes.indiatimes.com
  The company currently operates 1.4 million sq ft and by Q2 2025, two projects, AIPL Statement and AIPL Autograph having total leasable area of 3.5 million sq ft would be ready…
• Cash-rich quick commerce firms rush to grab dark store sites
  04 September 2024, retail.economictimes.indiatimes.com
  There is fierce competition for the right sites — now increasingly expensive and difficult to find in large cities — to set up these micro warehouses for servicing localities in the vicinity. Meanwhile, the likes of BigBasket, Zepto, Flipkart Minutes and Swiggy Instamart are recruiting aggressively, as well as poaching, people in the know told ET…
• ETRetailCafe: Dipali Goenka on weaving Welspun Living’s success story
  04 September 2024, retail.economictimes.indiatimes.com
  Dipali Goenka, CEO and MD, Welspun Living shares her secret mantra of building a successful company. She also shares how she gets insights from the customers and delivers the end products to them…
• Philips appoints Bharath Sesha as MD for Indian Subcontinent
  04 September 2024, retail.economictimes.indiatimes.com
  Philips has named Bharath Sesha as the new managing director for the Indian subcontinent, effective September 1, 2024. Sesha will focus on enhancing customer satisfaction and operational excellence. He replaces Daniel Mazon, who has moved to a global role. Sesha has over two decades of experience in the pharmaceutical and chemical industries…
• Godrej Appliances invests Rs 100 crore to add production facility for AI-tech washing machines
  04 September 2024, retail.economictimes.indiatimes.com
  ​​​Spread over 1 lakh square feet at Shirwal near Pune, the new facility will strengthen Godrej Appliances’ market presence by adding a capacity of 3 lakh units of front-load washing machines per year, which will almost double the production of automatic washing machine portfolio for the brand…
• Meesho appoints Mohit Rajani as chief product officer
  04 September 2024, retail.economictimes.indiatimes.com
  In his new role, Rajani will lead Meesho’s product organization, overseeing the product management, design, and analytics teams. Previously, he has held leadership roles at tech companies such as Meta, Google, Carta, and Instagram…
• UBL targets 25% sales from premium beers amid growing consumer premiumisation
  04 September 2024, financialexpress.com
  United Breweries (UBL), India’s largest beer manufacturer, anticipates its premium beer brands to contribute 25% of its total sales volume within the next 4-5 years, according to a company official…
• India’s reliance on Chinese imports for MSME goods declining: Official
  04 September 2024, retail.economictimes.indiatimes.com
  “India’s trend of reducing its reliance on Chinese imports, particularly in categories like articles of leather, ceramic products, toys, and musical instruments, contrasts with the trends observed in other major markets, where dependence either remains steady or is increasing. This indicates a strategic shift by India towards diversifying its import sources or bolstering domestic production capabilities,” the official added…
• Mars Cosmetics expands retail presence through Shoppers Stop
  04 September 2024, retail.economictimes.indiatimes.com
  Mars Cosmetics has partnered with the department store chain Shoppers Stop to expand its offline presence across India. The cosmetics company will expand its presence in Shoppers Stop’s 40 stores by the end of this fiscal year FY25…
• Huawei sets up Apple showdown with event hours after new iPhone
  04 September 2024, retail.economictimes.indiatimes.com
  Consumer group chief Richard Yu announced the Sept. 10 reveal on Weibo, teasing “an epoch-making product” that took five years of work and investment. Huawei plans to unveil the world’s first commercial-ready smartphone that folds twice, according to a person familiar with its plans. The company is also preparing an Aito electric vehicle launch, though the final products to be released are subject to change, the person said, asking not to be named discussing private plans…
• “Quick commerce” set to push India’s gross order value to USD 10 bn by FY26
  04 September 2024, retail.economictimes.indiatimes.com
  The growth trajectory of quick commerce is underscored by key players such as Zomato’s Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26. CLSA stated, “We expect Zomato’s Blinkit, Zepto and Swiggy Instamart – the top three players – to reach USD 10 billion in gross order value by FY26 and surpass USD 78bn within a decade…
• Raymond Lifestyle eyes 7% share in men’s-wear wedding market by 2027
  04 September 2024, retail.economictimes.indiatimes.com
  Raymond Lifestyle Ltd. (RLL) will list its shares on September 5, 2024, and plans to expand by adding 900 new outlets over three years. The company aims for a 15% CAGR to capture around 7% of the men’s wear wedding market by 2027. RLL focuses on enhancing its presence in branded textiles, apparel garmenting, and new categories…
• CCD cafe count falls to 450 in FY24, number of operational vending machines rises
  04 September 2024, retail.economictimes.indiatimes.com
  The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to the latest annual report of Coffee Day Enterprises Ltd (CDEL), which owns the chain through its subsidiary Coffee Day Global Ltd…
• Lenskart appoints Jaimit Doshi as its global head of marketing and chief executive officer
  04 September 2024, retail.economictimes.indiatimes.com
  Lenskart has appointed Jaimit Doshi as its global head of marketing and chief executive officer of Hustlr, one of the eyewear retail chain’s brand. He took to LinkedIn and made the announcement…
• Recode Studios Expands Retail Presence with New Store in Mumbai
  04 September 2024, indianretailer.com
  Recode Studios, a prominent name in the cosmetics industry, continues to strengthen its retail presence in India by opening its 18th store in Mumbai. Located at JVMS Clermont, Shop No – 5, LBS Marg, Mulund West, this new store is part of the company’s broader expansion strategy, reflecting its focus on growth within the retail sector…
• Malabar Gold and Diamonds Opens 14th Store in Delhi NCR
  04 September 2024, indianretailer.com
  Malabar Gold and Diamonds, a prominent name in the global retail jewellery industry, has strengthened its presence in India with the opening of its 14th store in the Delhi NCR region…
• Being Human Clothing Expands Retail Presence to Belagavi
  04 September 2024, indianretailer.com
  Being Human Clothing, a well-known fashion brand, has opened its latest store in Belagavi, Karnataka. This expansion highlights the brand’s focus on tapping into the potential of emerging towns in India…
• How Indian Travelers are Fueling Global Tourism Growth: 9 Trends to Watch
  04 September 2024, indianretailer.com
  With their passports in hand and wanderlust in their hearts, Indian travelers are taking the world by storm. In fact, international travel among Indians has surged by 32 percent, with more travelers now taking two or more trips annually…
• Which Brands does Coca-Cola Own? The Complete List
  04 September 2024, indianretailer.com
  When people think about The Coca-Cola Company, they often think of a cold, refreshing Coke. But did you know Coca-Cola owns many other drink brands too? Over the years, Coca-Cola has grown to include different types of drinks…
• India’s Luxury Pre-Owned Market to Hit $1.56 Mn by 2032
  04 September 2024, indianretailer.com
  India’s luxury market is evolving rapidly, with the luxury pre-owned segment emerging as a significant growth driver. As the concept of circular fashion and sustainable luxury gains traction globally, Indian consumers, particularly from affluent segments, are increasingly embracing pre-owned luxury items…
• The New Shop Partners with HMEL to Launch 24/7 Convenience Stores at Fuel Stations
  04 September 2024, indianretailer.com
  Delhi-based convenience retailer The New Shop has forged a strategic partnership with HPCL-Mittal Energy Ltd. (HMEL), a prominent refining and petrochemical company, to establish 24/7 convenience stores at HMEL’s upcoming fuel retail outlets…
• Parle Agro Expands Dairy Portfolio with New SMOODH Lassi
  04 September 2024, indianretailer.com
  Parle Agro has introduced SMOODH Lassi, a new product in its dairy range. This launch marks a significant development in the Indian dairy sector, aligning with Parle Agro’s strategy to innovate and expand within the retail market…
• Top 10 OTT Platforms in India that are Binge-Worthy
  04 September 2024, indianretailer.com
  Since ancient times, our culture has embraced diverse forms of entertainment. Folk and classical music, dance, and theater have all enriched our lives. In the 20th century, technology took off, bringing major advancements to entertainment…
• Orion Mall Introduces 360 Degree Super Immersive Dome Theatre in Bengaluru
  04 September 2024, indianretailer.com
  Orion Mall, in collaboration with Epic Quest Entertainment Pvt Ltd, has unveiled a 360 Degree Super Immersive Dome Theatre at its Brigade Gateway location. This new installation marks a significant addition to the retail and entertainment landscape in India, offering visitors a unique cinematic experience…
• Mumbai Property Market Achieves Decadal High
  02 September 2024, rprealtyplus.com
  Mumbai city (area under BMC jurisdiction) recorded approximately 11,735 property registrations in August 2024, contributing over INR 1072 Crores (Cr) to the state exchequer…
• Signature Global’s Titanium SPR Project Achieves Green Certification
  02 September 2024, rprealtyplus.com
  Signature Global, a leader in sustainable real estate development, added another feather in its cap for its premium residential project, Titanium SPR, located in Sector 71, Southern Peripheral Road (SPR), Gurugram…
• PVR INOX plans monetisation of real estate assets
  02 September 2024, realty.economictimes.indiatimes.com
  Now, PVR INOX will partner with developers to jointly invest in new screen capex by shifting towards a franchise-owned and company-operated (FOCO) model…
• Apparel Group to bet big on India, expand store presence from 250 to 1,000
  02 September 2024, retail.economictimes.indiatimes.com
  Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the company plans to take India’s share to 25 per cent in the next three years…
• Levi’s Marks New Milestone with Launch of Two Stores in Mumbai
  02 September 2024, indianretailer.com
  American denim icon Levi’s has broadened its retail presence in Mumbai with the inauguration of two new stores: one on Linking Road and the other at Infinity Mall in Andheri West, as revealed in a recent social media update by a company official…
• The Evolution of In-Store Experiences to Meet Consumer Demand
  02 September 2024, indianretailer.com
  Imagine walking into a store where the moment you step inside, the ambiance feels like it was designed just for you. The lighting is warm, the scents are subtle but captivating, and every corner seems to tell a story that resonates with your tastes and lifestyle…
• Navigating India’s Retail Market – The Way Ahead
  02 September 2024, indianretailer.com
  The dynamism of the Indian retail sector is unprecedented. India has already become the fourth largest retail market in the world. According to government data, the country’s retail market is expected to reach $1.1 trillion by 2027…
• Marks & Spencer Names Stephen Smy as New Managing Director for India
  02 September 2024, indianretailer.com
  Marks & Spencer (M&S) has announced the appointment of Stephen Smy as the new Managing Director for its Indian operations, succeeding Ritesh Mishra, who left the company in April…
• Enhancing On-Shelf Availability: A Festive Season Blueprint for E-commerce Businesses
  02 September 2024, indianretailer.com
  As consumers across the world embrace e-commerce businesses, OSA has become extremely critical in the current and future online markets. With the latest numbers from Future Market Insights, the global on-shelf availability…
• The Importance of a Consumer-Centric Approach in Shaping the Future of Ethnic Wear fashion
  02 September 2024, indianretailer.com
  The fashion industry is undergoing a transformative shift, with consumer preferences taking center stage. This trend is particularly evident in the ethnic wear segment, where traditional styles meet contemporary demands…
• Ola Electric Joins ONDC Network, Expanding E-Commerce Reach
  02 September 2024, indianretailer.com
  Ola Group founder Bhavish Aggarwal announced on Thursday that all of Ola Electric’s products will be available on the government-backed Open Network for Digital Commerce (ONDC)…
• Verlinvest Acquires significant stake in Blue Tokai with USD 35 mn Funding
  02 September 2024, indianretailer.com
  Verlinvest, a global, family-backed evergreen investment firm, has led a significant investment of US$35 million in Blue Tokai, India’s leading specialty coffee and bakery brand…
• LEGO Expands Gaming Universe with Mario Kart and Animal Crossing Sets
  02 September 2024, indianretailer.com
  The LEGO Group has unveiled an exciting new range of products at Gamescom 2024, including the much-anticipated “Super Mario: Mario Kart” sets and three fresh “Animal Crossing” sets…
• Obeetee Unveils Viraasat Collection: A Tribute to Indian Heritage and Artistry
  02 September 2024, indianretailer.com
  Obeetee, a leading name in the Indian carpet industry, has unveiled its largest and most versatile collection to date, named “Viraasat.” This new collection is more than just a showcase of exquisite craftsmanship; it is a heartfelt tribute to the rich legacy and cultural layers that define India’s heritage…
• Latin Quarters targets Rs 200 crore revenue by FY26, eyes global entry: CEO Rahul Bhalla
  02 September 2024, indiaretailing.com
  The womenswear retailer ended the previous fiscal year with around Rs 108 crore in revenue and is aiming for a monthly run rate of approximately Rs 16-17 crore in the coming months…
• Dabur, Jubilant owners bid for stake in Coca-Cola’s India bottling arm HCCB
  02 September 2024, retail.economictimes.indiatimes.com
  Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets…
• PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets
  02 September 2024, retail.economictimes.indiatimes.com
  PVR INOX plans to close 70 non-performing screens in FY25 while adding 120 new ones, focusing on South India. The company aims to adopt a capital-light growth model and potentially monetize non-core real estate assets to become net-debt free. Revenue strategies include increasing footfalls and optimizing costs…
• Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD
  02 September 2024, retail.economictimes.indiatimes.com
  Speciality Restaurants Ltd CMD Anjanmoy Chatterjee believes India’s restaurant sector will recover despite recent challenges like high food inflation and reduced dining out. He cites strong national fundamentals and anticipates improvement as inflation decreases. The company aims for profitable growth and expansion, focusing on brands like Mainland China and Episode One…
• Tata Consumer Products completes merger of three wholly-owned subsidiaries in India
  02 September 2024, retail.economictimes.indiatimes.com
  TCPL’s portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+…
• Rebel Foods posts rise in FY24 revenue, trims losses
  02 September 2024, retail.economictimes.indiatimes.com
  Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
• Emami acquires full ownership of The Man Company for Rs 177.63 cr
  02 September 2024, retail.economictimes.indiatimes.com
  Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
• Prestige Estates Launches QIP To Raise Rs 5,000 Crore
  31 August 2024, rprealtyplus.com
  Prestige Estates Projects Ltd. has launched a program to sell shares to eligible institutional investors through a Qualified Institutional Placement (QIP) through which it plans to raise up to Rs 5,000 crore…
• M3M India MoU With Oravel Stays To Launch SUNDAY Hotel
  31 August 2024, rprealtyplus.com
  Gurugram-based M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, a global hospitality technology company, have signed a Memorandum of Understanding (MoU) to launch the premium SUNDAY hotel…
• Max Estates plans to raise Rs 800 crore through QIP
  31 August 2024, realty.economictimes.indiatimes.com
  The panel also approved the floor price for the issue at Rs 628.74 per equity share…
• Emami acquires full ownership of The Man Company for Rs 177.63 cr
  31 August 2024, retail.economictimes.indiatimes.com
  Emami already owns a 50.40 per cent stake in The Man Company. After acquiring the balance 49.60 per cent stake, Helios, the parent company of The Man Company, will become a wholly owned subsidiary of Emami…
• FirstCry logs 17% rise in revenue, lower loss in Q1 FY25
  31 August 2024, retail.economictimes.indiatimes.com
  Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari…
• Blue Tokai Coffee gets a Verlinvest flavour
  31 August 2024, retail.economictimes.indiatimes.com
  Verlinvest is set to invest Rs 200 crore in Blue Tokai Coffee Roasters at a Rs 1,200-crore valuation. Existing investors Hemendra Kothari’s family office and Anicut Capital are also expected to participate. This will be Blue Tokai’s largest funding round as it competes with Starbucks, Tim Hortons, and other cafes in India’s expanding coffee industry…
• Rebel Foods posts rise in FY24 revenue, trims losses
  31 August 2024, retail.economictimes.indiatimes.com
  Rebel Foods cut its losses by 42 per cent, bringing it to INR 378 crore in fiscal year 2024, down from INR 656 crore a year ago. This comes days after ET reported about Singapore’s Temasek mulling a USD 100-150 million investment in the company, in a mix of primary and secondary share sale…
• Lululemon cuts annual forecasts on tepid US demand, slower product refresh
  31 August 2024, retail.economictimes.indiatimes.com
  Lululemon Athletica shares have declined about 14% in the last three months as investors braced for a forecast cut. They have lost nearly half of their value this year.Comparable sales rose 2%, but missed expectations of a 6.05% increase, driven by a 3% decline in sales in the Americas. Comparable sale surged 21% in China…
• Gap’s turnaround efforts drive quarterly beat in surprise early announcement
  31 August 2024, retail.economictimes.indiatimes.com
  Gap’s second-quarter results beat Wall Street expectations, with strong sales from Old Navy and Gap brands. An accidental early posting of earnings occurred due to an administrative error. The company’s net sales rose 5% to $3.72 billion. Gap is undergoing a brand turnaround, seeing more full-price sales and fewer discounts…
• The House of Rare revolutionises fashion shopping with global app and website launch
  31 August 2024, retail.economictimes.indiatimes.com
  The House of Rare has unveiled the much-anticipated launch of its unified website and app. The amalgamation celebrates the brand’s shared values of unity into a consumer-first, integrated shopping experience….
• Nuts make sweets a costly affair this festival season
  31 August 2024, retail.economictimes.indiatimes.com
  Cashew and almond prices have surged significantly over the past four months, with cashews rising up to 80% and almonds over 15%. Reduced imports and increased local consumption are key factors. Industry leaders expect prices to continue rising until Diwali, but anticipate strong demand despite higher costs…
• D2C startup WellBe Foods aims to reach 25,000 stores across South India by FY25
  31 August 2024, retail.economictimes.indiatimes.com
  Gaurav Manchanda, founder and managing director of WellBe Foods said, “Our goal is not only to reinforce our presence in Hyderabad but also to set a new benchmark for general trade reach across South India – with our snacks with No Nasties and innovative packaging, we are looking to organize the unorganised.”…
• Gillette India PAT up 26.4 pc to Rs 116 cr in Jun qtr
  31 August 2024, retail.economictimes.indiatimes.com
  The sales growth was “driven by a robust portfolio, strong brand fundamentals and superior retail execution”, Gillette India said in an earnings statement, adding its PAT was helped by “strong sales growth in the current quarter”…
• Ulta Beauty lowers annual forecasts on slowing demand for beauty products
  31 August 2024, retail.economictimes.indiatimes.com
  “Our second quarter performance did not meet our expectations,” said CEO Dave Kimbell, adding that the company has updated its annual expectations due to a more cautious outlook…
• Electronics 5th largest export commodity; growing 23% annually: MeitY official
  31 August 2024, retail.economictimes.indiatimes.com
  He also expressed confidence that the country’s net revenue from electronic exports will become positive in coming years with start of local semiconductor production…
• From Walnuts to Wine: How Chile and India Are Transforming Agricultural Trade in 2024
  31 August 2024, indianretailer.com
  Chile and India are deepening their strategic partnership, with a focus on expanding agricultural trade. The year 2023 saw bilateral trade between the two countries amount to an impressive $2,847 billion, with Chile exporting $560 million in goods and services to India…
• Godrej Consumer Transforms Legacy Brand Cinthol with Foam Bodywash Innovation
  31 August 2024, indianretailer.com
  Godrej Consumer Products Ltd (GCPL) has introduced an innovation in India’s retail bodywash segment, valued at approximately Rs 900 crore. The company has launched the Cinthol Foam Bodywash under its Cinthol brand, featuring a foam-based formula that eliminates the need for a loofah…
• Celio India Appoints Rejoy Rajan as Head of Marketing and PR
  31 August 2024, indianretailer.com
  Celio, the French menswear brand, has appointed Rejoy Rajan as its new Head of Marketing & PR for India, a strategic move to strengthen its retail presence in the country. Rajan, a seasoned marketing professional, brings over 16 years of experience in brand management, marketing strategy, customer experience, and digital marketing within the retail industry…
• Converse Launches Run Star Trainer in India
  31 August 2024, indianretailer.com
  Converse has introduced its latest sneaker silhouette, the Run Star Trainer, to the Indian market. Designed for modern women who navigate life with confidence, this new sneaker merges the brand’s historical legacy with contemporary versatility, making it a notable addition to the retail landscape in India…
• Baazar Style Retail Raises Rs 250 Cr from Anchor Investors Ahead of IPO
  31 August 2024, indianretailer.com
  Value fashion retailer Baazar Style Retail Ltd. has announced that it has raised Rs 250 crore from anchor investors, just ahead of its initial public offering (IPO) scheduled to open for public subscription…
• Trehan Iris Partners With Courtyard By Marriott
  30 August 2024, rprealtyplus.com
  Trehan Iris has announced its strategic collaboration with Courtyard by Marriott, bringing the Marriott brand to Noida Region for the 1st time. This collaboration will elevate the luxury and convenience of the Iris Broadway, Greno West a mixed-use development with the addition of a premier Marriott hotel…
• Signature Global Appoints Poulomi Ray As Head Digital Marketing & CSR
  30 August 2024, rprealtyplus.com
  Signature Global, a leading name in the real estate sector, is thrilled to announce the appointment of Poulomi Ray as the new Head of Digital Marketing and CSR…
• Top 10 Premium Cigar Brands in India: A Guide to the Finest Selections for Connoisseurs
  30 August 2024, indianretailer.com
  Best Cigar brands in India: Cigars have always been regarded as tasteful and linked with the higher standards of living throughout the globe. Since the 20th century, almost all cigars have been made of three distinct components: The physical structure of the filling includes a filler, the binder leaf that provides support to the…
• Ultraviolette Expands with New UV Space Station in Ahmedabad
  30 August 2024, indianretailer.com
  Continuing its mission of “Making in India, for the World,” Ultraviolette (UV) has proudly announced the launch of its latest UV Space Station Experience Center in Ahmedabad. This marks the third city in Ultraviolette’s planned expansion across India, following its recent opening in Pune…
• Montblanc Unveils New Boutique at Bengaluru Airport with Latest Neo3 Retail Design
  30 August 2024, indianretailer.com
  Montblanc, the global leader in luxury business lifestyle, has launched its newest boutique in India at Bengaluru’s Kempegowda International Airport, in collaboration with its longstanding partner, AMRPL…
• Rs 3,06,848 Crore Revenue Milestone! How Reliance Retail is Dominating India’s Retail Market with 17.8% Growth
  30 August 2024, indianretailer.com
  India’s retail market is skyrocketing! With a colossal $951 billion valuation in 2023, India is now among the top five global retail markets. What’s behind this explosive growth? Rapid urbanization, higher incomes, and a young, ambitious population are driving this retail revolution…
• Puma Appoints Indrajeet Sen as Senior Vice President – Sourcing
  30 August 2024, indianretailer.com
  Puma, the global sportswear brand, has announced the promotion of Indrajeet Sen to the position of Senior Vice President – Sourcing. Sen will assume this global role on October 1, taking over the operational responsibilities of the Chief Sourcing Officer role, according to an internal email from the German company…
• Explore Top Tequila Brands in India: A Spirited Journey
  30 August 2024, indianretailer.com
  Tequila is gaining the attention of Indians. Over the past five years, the yearly growth rate of tequila consumption in India has exceeded 12 percent. It was customary for Indians to choose cognac or whiskey, but tequila is becoming a popular option today…
• Swiggy Instamart Announces Amitesh Jha as New Chief Executive Officer
  30 August 2024, retail.economictimes.indiatimes.com
  Swiggy, India’s leading on-demand convenience platform, has announced the appointment of Amitesh Jha as the new Chief Executive Officer of its expanding quick commerce arm, Swiggy Instamart, effective September 4…
• Dame Health Launches as India’s Premier Reproductive Wellness Brand
  30 August 2024, indianretailer.com
  Dame Health, India’s new leading brand in reproductive health and wellness, has been introduced to address a range of gynecological issues and support women throughout their reproductive journey…
• Amazon India and Indian Railways Sign MoU to Enhance Parcel Transportation
  30 August 2024, indianretailer.com
  Amazon Transportation Services Private Limited (Amazon India) and the Ministry of Indian Railways have today signed a Memorandum of Understanding (MoU) aimed at strengthening their collaboration for the efficient and speedy transportation of Amazon India packages through the extensive Indian Railways network…
• Max Factor Expands Reach in India with Exclusive Shoppers Stop Partnership
  30 August 2024, indianretailer.com
  Max Factor, the renowned Hollywood makeup brand, has made its debut in India’s physical retail market through a strategic partnership with Shoppers Stop…
• Zomato to Introduce Food Expense Management Platform ‘Zomato for Enterprise’
  30 August 2024, indianretailer.com
  Food delivery major Zomato on Wednesday announced that it is introducing Zomato For Enterprise (ZFE) for companies to solve food expense management…
• The Grammar Rooms Now Open at Khan Market and Gurgaon
  30 August 2024, indianretailer.com
  The Grammar Room has officially made its debut in Khan Market & 32nd Avenue, Gurgaon this August, adding a fresh chapter to Delhi’s vibrant dining scene…
• McDonald’s India Leverages AI to Launch ‘The Signature Collection’
  30 August 2024, indianretailer.com
  Ever imagined a McDonald’s burger in AI? McDonald’s India – North and East is all set to leverage generative artificial intelligence (AI) to launch its new ‘Signature Collection’ of gourmet burgers…
• Sourav Joshi Joins Lava International as Brand Ambassador in New Campaign
  30 August 2024, indianretailer.com
  Lava International Ltd., India’s prominent homegrown smartphone brand, has announced a new partnership with India’s leading YouTube sensation, Sourav Joshi. This collaboration underscores Lava’s commitment to connecting…
• Blue Tribe Partners with Anushka Sharma and Virat Kohli to Launch Its New Product
  30 August 2024, indianretailer.com
  Blue Tribe, renowned for its innovations in plant-based food, has unveiled its latest ad campaign featuring beloved Indian celebrity couple Anushka Sharma and Virat Kohli…
• RTD Beverage Industry Explodes with 52 pc Growth Amid Quick Commerce Dominance
  30 August 2024, indianretailer.com
  India’s rapidly growing young population, with a median age of 28 years, is driving a significant shift in consumer behavior, particularly in the Ready-to-Drink (RTD) beverage market…
• Jewellery brand Tribe Amrapali opens 23rd store in Pune
  30 August 2024, indiaretailing.com
  Fashion jewellery brand Tribe Amrapali, a sub-brand of House of Amrapali, has launched its 23rd retail store across the country in Pune, located at Pune International Airport, Lohegaon, the company said in a press release on Thursday…
• Reliance Retail to enter luxury jewellery segment: Isha Ambani
  30 August 2024, retail.economictimes.indiatimes.com
  “In our Jewels business, we are expanding our design capabilities to offer products tailored to specific occasions and regional tastes, launching both regional and national collections,” she said…
• Cantabil to invest Rs 20 crore to penetrate deeper into tier II cities and beyond
  30 August 2024, retail.economictimes.indiatimes.com
  The brand, which was targeting to close last fiscal with Rs 675 crore revenue ended up closing it at Rs 620 crore, and this fiscal, it is aiming for Rs 750 crore revenue…
• India’s Office Leasing Set To Touch 80 Mn Sqft In 2024
  29 August 2024, rprealtyplus.com
  The Indian office market is poised for another record-breaking year, with leasing across the top 8 cities anticipated to cross 80 million square feet in 2024, according to Cushman & Wakefield’s recent office data. This would be the third consecutive year of surpassing the 70 msf milestone – a first in India’s office history…
• Awfis Space Solutions Partners With Nyati Group
  29 August 2024, rprealtyplus.com
  Awfis Space Solutions Limited (Awfis), India’s leading flexible workspace solutions company has partnered with Nyati group for an additional 3 Lakh square feet of Grade-A workspace…
• Motilal Oswal PE buys 25% stake in Lal Sweets
  29 August 2024, retail.economictimes.indiatimes.com
  Lal Sweets follows an omni-channel strategy, retailing its products across 4,000 modern trade outlets, 7,000 general trade outlets, quick-commerce platforms, e-commerce platforms, and its own website, according to the company. It also operates a travel-focused retail business with 40 outlets at various airports in the country…
• Blinkit seeing growth in smaller cities: Zomato CFO Akshant Goyal
  29 August 2024, retail.economictimes.indiatimes.com
  According to several brokerage firms, Blinkit contributes more to Zomato’s market cap than its mainstay food delivery business. The quick commerce platform, which was acquired by Zomato in 2022, plans to double the count of its dark stores, or micro warehouses, to 1,000 by the end of FY25 and to more than 2,000 by 2026…
• B2B e-tailer Moglix launches next-day delivery services
  29 August 2024, retail.economictimes.indiatimes.com
  ​Live in 12 cities, the service is currently being offered to large enterprises and SMEs. Moglix founder and CEO Rahul Garg shared that the e-commerce platform is planning to extend the service to 40 cities and over 10,000 stock-keeping units in the next six to twelve months…
• Apple’s global revenues to cross $400 billion for 1st time this year: Report
  29 August 2024, retail.economictimes.indiatimes.com
  “After a decline in 2023, 2024 will see growth in several key hardware categories driven by multiple launches. Then there is also a promise of Apple Intelligence being implemented across hardware segments, which has once again created some excitement and could drive upgrades,” Tarun Pathak, Director, Counterpoint Research said…
• Tanishq and De Beers Group partner to expand natural diamond market in India
  29 August 2024, retail.economictimes.indiatimes.com
  Tanishq and De Beers Group have formed a partnership to grow the natural diamond market in India through consumer education and outreach. This collaboration will highlight the value and rarity of natural diamonds, leveraging India’s position as the second largest market globally. The initiative includes a comprehensive marketing campaign aiming to build awareness and attract new customers…
• Trent to Open first Zudio store in Dubai next month
  29 August 2024, retail.economictimes.indiatimes.com
  Retailer Trent, led by Noel Tata, is launching its first overseas Zudio store in Dubai next month, targeting the Indian diaspora. The store will be located in Silicon Oasis Mall. Following significant growth in India, Zudio now contributes over a third of Trent’s total revenue. Expansion plans will depend on the store’s performance…
• Quick commerce on Govt radar; ministries assess impact on kirana stores
  29 August 2024, moneycontrol.com
  Several government ministries have initiated a plan to assess the impact of the rapid expansion of quick-commerce on traditional mom-and-pop stores or kiranas, a government official said on the condition of anonymity…
• GRM Overseas acquires 44% stake in Rage Coffee
  29 August 2024, retail.economictimes.indiatimes.com
  GRM Overseas has taken a major step by acquiring a 44 per cent equity stake in Rage Coffee’s parent company, Swmabhan Commerce. This investment aligns with GRM’s strategy to grow in digital-first and health-focused markets. The partnership aims to expand Rage Coffee’s domestic and international presence, leveraging GRM’s deep industry expertise and distribution capabilities…
• Zomato introduces food expense management platform ‘Zomato for Enterprise’
  29 August 2024, retail.economictimes.indiatimes.com
  “Excited to introduce Zomato for Enterprise (ZFE), a platform designed for companies to solve food expense management. A lot of Zomato orders placed by corporate employees are business-related and need to be reimbursed by the company. The reimbursement process is cumbersome and time-consuming,” Zomato CEO Deepinder Goyal said…
• Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef
  29 August 2024, retail.economictimes.indiatimes.com
  Godrej Enterprises Group plans to invest around Rs 4,000 crore to streamline its 14 verticals and boost its consumer-first and nation-first businesses. This includes enhancing its real estate holdings in Mumbai and building its furniture brand Interio into a lifestyle label while focusing on organisational agility and performance…
• Apparel Group Expands into Dehradun and Gandhinagar with Global Brands
  29 August 2024, indianretailer.com
  In a strategic move to tap into the potential of Tier II markets in India, global fashion and lifestyle retail conglomerate Apparel Group has opened new stores in Dehradun, Uttarakhand, and Gandhinagar, Gujarat…
• Tasva Opens Flagship Store in Hyderabad’s Himayatnagar
  29 August 2024, indianretailer.com
  Tasva, the men’s wedding and occasion wear brand from ABFRL in collaboration with designer Tarun Tahiliani, has launched its flagship store in Himayatnagar, Hyderabad. Spanning 4,823 square feet, this new location is positioned in one of the city’s prominent areas, aiming to become a key player in men’s fashion retail in India…
• Tanishq Expands Presence with New Showroom in Muscat
  29 August 2024, indianretailer.com
  Tanishq has inaugurated its first showroom in Muscat, located at The Oman Avenues Mall, in collaboration with Khimji Ramdas, a major business conglomerate in Oman. This expansion into Oman signifies a significant step in Tanishq’s growth, bringing its renowned jewellery collection to a new market…
• Libas Unveils Largest Flagship Bridal Store in Lajpat Nagar
  29 August 2024, indianretailer.com
  Libas, a prominent city-based fast fashion omnichannel ethnic wear brand, has opened its largest flagship bridal store in Lajpat Nagar. Covering an impressive 11,000 sq. ft. across five floors, this new store represents a major expansion for the brand…
• Levi’s Revamps Mumbai Stores to Enhance Retail Experience
  29 August 2024, indianretailer.com
  Levi’s has unveiled two newly revamped ICON stores in Mumbai, located on Linking Road and within Infiniti Mall in Malad. These updates reflect Levi’s continued focus on the direct-to-consumer model and its growth strategy in key international markets, including India…
• Snitch Expands Retail Presence in India with 21st Outlet in Mangalore
  29 August 2024, indianretailer.com
  Snitch, a key player in India’s men’s fashion segment, has launched its 21st retail outlet on K S Rao Road, Mangalore. This strategic expansion enhances the brand’s presence in Karnataka’s retail market, particularly in one of Mangalore’s busiest commercial hubs known for its vibrant shopping environment and high footfall of fashion-conscious consumers…
• Apparel Group Unveils Six New Retail Outlets in Dehradun and Gandhinagar
  29 August 2024, indianretailer.com
  Global fashion and lifestyle retail giant Apparel Group is expanding its reach by bringing international brands to Dehradun, Uttarakhand, and Gandhinagar, Gujarat. The newly opened stores in these cities will feature popular brands such as Beverly Hills Polo Club, Bath & Body Works, Aldo, and R&B…
• MiniKlub Expands Presence with New Store in Ajmer
  29 August 2024, indianretailer.com
  MiniKlub, India’s premier kidswear brand, has announced the grand opening of its newest store at Mittal Mall in Ajmer. This new outlet represents a significant expansion of MiniKlub’s footprint in Rajasthan, reflecting the brand’s dedication to quality, style, and comfort for children…
• Turkish Hazelnuts Launched in India with Major Four-Year Campaign
  29 August 2024, indianretailer.com
  Turkish Hazelnuts, renowned globally as the ‘miracle nut,’ have been officially launched in India through a significant four-year campaign initiated by the Turkish Hazelnut Exporters Associations…
• Roastea Expands to HRBR Layout, Bangalore
  29 August 2024, indianretailer.com
  Roastea, a well-regarded name in the culinary landscape, has opened its newest outlet in HRBR Layout, Bangalore. This new location follows the success of the flagship store in Koramangala and aims to continue Roastea’s tradition of high-quality dining…
• Cafe Avocado by Miss Margarita Opens its Doors in Goa
  29 August 2024, indianretailer.com
  Avocado Cafe has recently opened its doors in Vagator, Goa, providing a coffee shop and all-day cafe that highlights food that has avocado as its central ingredient. The crew behind Miss Margarita by Arriba, lead by Chef Noah Barnes, is behind this project as well…
• Café Delhi Heights Expands to Srinagar with New Outlet
  29 August 2024, indianretailer.com
  Café Delhi Heights has opened its newest outlet in Srinagar, marking its first location in the Kashmir Valley. Located at Silver Square, Jawahar Nagar, the new two-story café offers a welcoming atmosphere with views of the surrounding mountains…
• The Bier Library Opens New Venue in Sarjapur with Expansive Offerings
  29 August 2024, indianretailer.com
  The Bier Library, a well-known literary-themed brewery in Bangalore, has introduced its latest venture, The Bier Library Volume 2, in the bustling area of Sarjapur. This new location merges the brewery’s expertise in craft beer with innovative architectural design to provide a unique experience for its patrons…
• Awfis join hands with Nyati Group to manage three lakh sq ft workspace in Pune
  28 August 2024, realty.economictimes.indiatimes.com
  Awfis Space Solutions will operate a total of 1,67,206 sq ft built up flexible workspaces at Nyati Empress in Viman Nagar and Nyati Enthral in Kharadi, Pune…
• Hyderabad civic body demolishes structures for Unity Mall
  28 August 2024, realty.economictimes.indiatimes.com
  In Raidurg Paigah village, GHMC and revenue officials, protected by police, demolished structures for a new Unity Mall on 5.8 acres, sparking protests. Residents, claiming ownership, said no prior notice was given. TLIDC stated they own the land, and the demolition was according to mall owners’ request. The matter is pending in court…
• Elan Group awards over Rs 500 crore construction contract to Leighton Asia
  28 August 2024, realty.economictimes.indiatimes.com
  The mall will span approximately nine acres with a total built-up area of about 2.5 million sq ft. The construction is expected to begin in November 2024 and is designed by BENOY, an architectural firm…
• Big B’s family office picks up small stake in Swiggy
  28 August 2024, retail.economictimes.indiatimes.com
  As the quick commerce sector continues to gather steam, it is attracting wealthy individuals as investors. Bollywood superstar Amitabh Bachchan’s family office has picked up a stake in small stake in IPO-bound Swiggy. Also, Motilal Oswal Financial Services chairman Raamdeo Agrawal has acquired a stake in Swiggy as well as Zepto…
• Amazon India set to launch quick commerce as competition swells
  28 August 2024, retail.economictimes.indiatimes.com
  Amazon has put together a plan to take on the quick commerce challenge in India, with its own offering which is slated to launch by early next year. The India unit of the etailer has handed over the responsibility of building its quick commerce strategy to senior executive Nishant Sardana as part of a rejig of the top leadership…
• Regional food brands embrace quick commerce for nationwide reach amid festive surge
  28 August 2024, retail.economictimes.indiatimes.com
  Regional and hyperlocal food and beverage brands are increasingly partnering with quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket’s BBNow to expand their reach nationwide and capitalize on the festive season’s demand surge. Brands such as Sweet Karam Coffee and Let’s Try are leveraging these platforms to overcome geographical limitations and make local flavors accessible across India…
• Virgio eyes house of brands strategy; plans offline foray
  28 August 2024, retail.economictimes.indiatimes.com
  Explaining Virgio’s marketing strategy, Nagaram stated, “We are not broadcasting to the entire world. Our marketing team has been very scientific to find the cohort of users, who connect to what we are trying to say. There are signals, as simple as people who are taking BluSmart as a cab – that is a customer we’re going after.”..
• Amazon launches AI assistant ‘Rufus’ in India
  28 August 2024, retail.economictimes.indiatimes.com
  Amazon has launched AI assistant Rufus for customers in India, which will help shoppers get product recommendations, compare customer responses etc. It is available in beta mode for now…
• Japan’s Suntory aims for greater US canned cocktail market share, bets on spirits expertise
  28 August 2024, retail.economictimes.indiatimes.com
  Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks giant that aims to become the global leader in the sector by 2030…
• Samoh Expands Footprint with Flagship Store in Hyderabad’s Jubilee Hills
  28 August 2024, indianretailer.com
  Ethnic wear brand Samoh, a premium offering from Tata Group’s retail arm Trent Ltd., has made a significant move by launching its first flagship store in Hyderabad…
• Corneliani Reopens Renovated Store at DLF Emporio, New Delhi
  28 August 2024, indianretailer.com
  Corneliani, a leading name in Italian luxury apparel, has marked the grand reopening of its newly renovated store at DLF Emporio, New Delhi, on August 24th, 2024. The newly redesigned retail space reflects the brand’s commitment to modern luxury and sophisticated style…
• Omaxe Chowk Welcomes Top Designer Stores in Old Delhi
  28 August 2024, indianretailer.com
  Omaxe Chowk, the iconic commercial hub located in the heart of Chandni Chowk, Old Delhi, has announced the opening of flagship stores by several prominent designer ethnic and fashion wear labels…
• 10 Best Luggage Brands in India
  28 August 2024, indianretailer.com
  Ready to elevate your travel style? The Indian luggage market is booming, with brands like Safari and Aristocrat seeing over 40 percent growth in affordable options, while premium names like Tommy Hilfiger, Samsonite, and Delsey double their presence…
• Decathlon to Invest Rs 933 Cr in India for Retail Expansion
  28 August 2024, indianretailer.com
  Decathlon, the French sports retailer, is set to invest €100 million (approximately Rs 933 crore) in India over the next five years to strengthen its retail and production operations. India, one of Decathlon’s fastest-growing markets, is poised to play a significant role in the company’s global expansion strategy…
• Raymond Lifestyle Ltd Expands Board with New Non-Executive Director
  28 August 2024, indianretailer.com
  Raymond Lifestyle Ltd. (RLL) has announced the appointment of Rajiv Sharma as a Non-Executive Director, expanding its Board of Directors. Sharma, who brings over 30 years of global leadership experience, previously served as Group CEO of Coats Group, a leading manufacturer of threads and structural components for apparel and performance materials…
• Crown Basmati Rice Introduces New Diet Rice – Is This the Future of Healthy Eating?
  28 August 2024, retail.economictimes.indiatimes.com
  Crown Rice has introduced its latest product, Diet Rice, a premium low glycemic index (GI) Basmati rice tailored for health-conscious consumers in India and across its expanding global markets…
• Top 5 Streetwear Brands in India with a Blend of Culture and Style
  28 August 2024, indianretailer.com
  When hip-hop music and culture started to become more popular in India in the 1980s and 1990s, that is when streetwear emerged in the nation. People are keen to show their uniqueness via their attire, which has led to a growing interest in streetwear fashion as a result of this cultural shift…
• Mokobara Expands to Punjab with First Store at Amritsar’s Nexus Mall
  28 August 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has officially entered the Punjab market with the opening of its first store in the state at Nexus Mall in Amritsar. The announcement was made by Ayushi Yadav, Head of Business Development at Mokobara…
• Dreame Technology Debuts High-Performance Grooming Products in India
  28 August 2024, indianretailer.com
  Dreame Technology, a global leader in smart home appliances, has announced its entry into the personal grooming market with the launch of a new range of high-performance products in India…
• French Essence Expands into Men’s Grooming with New MENZ Brand
  28 August 2024, indianretailer.com
  French Essence, renowned for its top-tier perfumes, is expanding its offerings with the launch of MENZ, a new brand dedicated to premium grooming products for men. This new venture marks French Essence’s entry into the men’s grooming market, introducing a range of high-quality products including shaving foam, aftershave, hair spray, and other essential grooming items…
• Cricketer KL Rahul Invests in Metaman’s Premium Perfume Line
  28 August 2024, indianretailer.com
  GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
• Tribe Amrapali Expands Retail Footprint with New Store at Pune Airport
  28 August 2024, indianretailer.com
  In a retail landscape increasingly shaped by e-commerce, valued at around USD 55 billion, Tribe Amrapali, a sub-brand of the esteemed House of Amrapali, is making a significant impact by expanding its physical presence…
• Rebel Foods on Expansion Spree; Targets 120 Cities in Next Two Years
  28 August 2024, retail.economictimes.indiatimes.com
  Rebel Foods, that own brands like Behrouz Biryani, Faasos, Oven Story Pizza, amongst others is planning to expand its to 120 cities within the next two years…
• Los Cavos Brings Latin American Flavors to Bengaluru’s Indiranagar
  28 August 2024, indianretailer.com
  Los Cavos, Mumbai’s well-known Latin-American dining spot, is set to open its doors in Bengaluru’s Indiranagar this August. The new venture by V&RO Hospitality promises a menu rich in Peruvian cuisine and innovative cocktails, with Chef Rafael Estremadoyro García, a two-Michelin star chef, leading the culinary team…
• Bengaluru Marriott Hotel Whitefield Appoints Chef Mohan Sawant as Executive Sous Chef
  28 August 2024, indianretailer.com
  Bengaluru Marriott Hotel Whitefield has announced the appointment of Chef Mohan Sawant as the new Executive Sous Chef. Bringing over 15 years of culinary experience, Chef Mohan is set to enhance the hotel’s dining offerings with his expertise in Western, Italian, and fusion cuisine…
• Blackstone, GIC among ten bidders for LOGOS India’s three logistics assets
  27 August 2024, realty.economictimes.indiatimes.com
  Global investment giants such as Blackstone, GIC, and Mitsui OSK Lines have submitted bids to acquire LOGOS India’s logistics assets. These assets, spanning nearly 5 million sq ft in Chennai and Haryana, are reported to have an occupancy rate of over 95%…
• Goa: Chimbel residents to oppose Unity mall
  27 August 2024, realty.economictimes.indiatimes.com
  ​​The gram sabha members argued that the proposed location for the mall is “a wetland area adjacent to Chimbel lake”, which is considered ecologically fragile. They said that the site must be conserved and that no construction should be allowed…
• How DavaIndia is offering quality products at affordable prices?
  27 August 2024, retail.economictimes.indiatimes.com
  Dr Sujit Paul, Group CEO of Zota Healthcare shares how the company is catering to the masses by offering them pleothra of quality products at comparatively affordable prices. He also spilled the beans on how the company is planning to capture the consumers online…
• Raymond Lifestyle appoints Rajiv Sharma as non-executive director
  27 August 2024, retail.economictimes.indiatimes.com
  The appointment follows Raymond’s plan to list the demerged business – Raymond Lifestyle Limited, in early September…
• FSSAI withdraws advisory on removal of claims of ‘A1′, A2’ types of milk, milk products
  27 August 2024, retail.economictimes.indiatimes.com
  The Food Safety and Standards Authority of India (FSSAI) has withdrawn its advisory that directed food businesses to remove ‘A1’ and ‘A2’ claims from milk products packaging. This step allows companies to continue marketing products with these claims. The decision comes after a need for further consultations with stakeholders was identified…
• Prasuk Jain Hospitality to invest Rs 180 crore to expand its presence to 50 centers by this fiscal end
  27 August 2024, retail.economictimes.indiatimes.com
  The company, which closed the last fiscal with Rs 180 crore in topline, is aiming Rs 480 crore in topline by this fiscal year end…
• ITC shifts gears with new food range for those over 45
  27 August 2024, retail.economictimes.indiatimes.com
  ITC Foods is turning its attention to consumers aged 45 and above, a group frequently overlooked for younger demographics. Known for brands like Aashirvaad atta and Sunfeast biscuits, ITC is launching a new health-focused line, including upma, oats, cookies, and enriched atta, under the “right shift” brand…
• KL Rahul invests in Drip Project’s perfume brand Metaman
  27 August 2024, retail.economictimes.indiatimes.com
  KL Rahul, Indian cricketer, has invested in and become the brand ambassador for Metaman, a premium fragrance range by Drip Project. Founded in 2022, Metaman aims to offer high-quality products to modern Indian men. Rahul’s involvement highlights his interest in significant projects, marking a long-term investment beyond his cricketing career…
• Janmashtami festivities drive business across India, sales exceed Rs 25,000 crore: CAIT
  27 August 2024, retail.economictimes.indiatimes.com
  Janmashtami celebrations across India resulted in a business surge of over Rs 25,000 crore, according to CAIT. The festival, marked by significant sales of flowers, sweets, and decorative items, was celebrated with great enthusiasm, particularly in North and West India, underscoring its economic significance…
• BigBasket set to fully play in quick commerce league
  27 August 2024, retail.economictimes.indiatimes.com
  Once the largest online grocery player in the country, Tata-owned BigBasket fell behind the young quick commerce upstarts as the new model of rapid deliveries caught customer fancy. The 13-year-old firm is now charting a comeback in this space…
• Value-for-money fashion spurs Trent’s 129% surge
  27 August 2024, retail.economictimes.indiatimes.com
  Trent’s sales surged 56% in the latest quarter, surpassing rivals such as Avenue Supermarts Ltd. and Aditya Birla Fashion & Retail Ltd., even as extreme heatwaves and recent national elections suppressed consumption in India. ..
• Solitaire sales may sparkle this festive season on lower prices
  27 August 2024, retail.economictimes.indiatimes.com
  Indians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectations for strong solitaire sales during the upcoming festive season, according to jewellers. The cost of the most popular 1-carat solitaire diamonds has decreased from Rs 4.2 lakh last Diwali to Rs 3.4 – 3.5 lakh currently. This reduction has made these gemstones more accessible for consumers, especially for wedding rings…
• India’s gold duty cut likely to spark buying spree during festivals
  27 August 2024, retail.economictimes.indiatimes.com
  Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said…
• Millets in a bottle: Whisky companies go vocal for local
  27 August 2024, retail.economictimes.indiatimes.com
  Historically, Scottish and Irish distillers have used barley as their primary grain, while Canadians and Americans use corn, rye, and wheat. India does not have a dominant global indigenous liquor similar to Baiju in China or Japanese rice wine Sake. The market is dominated by locally produced and adapted versions of European spirits, called Indian-made foreign liquor (IMFL), despite nearly every state having its own version of distilled spirit…
• Zomato to announce a dedicated going-out app soon
  27 August 2024, retail.economictimes.indiatimes.com
  Zomato recently purchased the events and movie ticketing arm of Paytm. In a letter to the shareholders, Zomato CEO Deepinder Goyal said that the company will soon bring a dedicated app for going-out. Stating that the food delivery platform wants to position District as the brand that consumers turn to when they are thinking of going out, Goyal also listed details of the upcoming app…
• GreenPioneer Mobility India Launches NonStop Retail Stores for Mobility Solutions
  27 August 2024, indianretailer.com
  GreenPioneer Mobility India, a leading name in sustainable mobility solutions, has introduced ‘NonStop,’ an innovative retail experience store that aims to transform the accessibility of rehabilitation and mobility products across India…
• How bigbasket is Transforming India’s Retail Industry with Eco-Friendly Practices and Fair Pricing on Organic Products!
  27 August 2024, indianretailer.com
  As India’s leading online grocery retailer, bigbasket has taken on the responsibility of not only delivering quality groceries to millions of homes but also setting new benchmarks in sustainability and ethical practices…
• When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success
  27 August 2024, indianretailer.com
  With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
• $5 Billion in Funding Powers India’s D2C Retail Surge – What’s Driving the Growth?
  27 August 2024, indianretailer.com
  India’s retail scene is in the midst of a massive transformation, with Direct-to-Consumer (D2C) brands leading the charge. The COVID-19 pandemic has turbocharged the D2C model, allowing brands to skip traditional retail channels and connect directly with consumers…
• Shobitam Expands Global Reach with Acquisition of Isadoralife
  27 August 2024, indianretailer.com
  Shobitam, a prominent D2C ethnic fashion brand, has announced its acquisition of Isadoralife, a leading ready-to-wear saree brand. This strategic acquisition aims to bolster Shobitam’s global presence and propel the growth of ethnic fashion on an international scale, while contributing significantly to the fashion startup ecosystem in India…
• Marico Introduces Hair & Care Oil in Serum: Style and Nourishment in One
  27 August 2024, indianretailer.com
  Marico Ltd.’s Hair & Care brand, known for delivering up to 100 percent damage repair, has announced the launch of its innovative Hair & Care Oil in Serum. This new product combines the styling benefits of a serum with the nourishing power of almond oil…
• Velocity Unveils Rs. 400 Cr Fund for D2C Brands Ahead of Festive Season
  27 August 2024, indianretailer.com
  Velocity, India’s leading cash flow-based financing platform, has announced a significant allocation of Rs.400 crore to support the financing needs of D2C and E-commerce brands in preparation for the upcoming festive season sales…
• Goodveda Plans $1 Mn Fundraising as Revenue and Customer Base Soar
  27 August 2024, indianretailer.com
  Goodveda, a fast-emerging D2C startup specializing in supplements, Ayurvedic remedies, snacks, and wellness programs, is poised for significant growth in both revenue and customer base…
• PowerMax Launches Global Expansion, Targeting Key Fitness Markets Worldwide
  27 August 2024, indianretailer.com
  PowerMax, India’s leading fitness equipment brand, has announced its global expansion into countries such as Qatar, Saudi Arabia, the UK, and Dubai…
• epres by Eric Pressly Launches in India, Pioneering Next-Gen Haircare Technology
  27 August 2024, indianretailer.com
  Eric Pressly, the visionary scientist and inventor renowned for his groundbreaking contributions to haircare, is set to introduce his latest innovation, epres, to the Indian market…
• NCDRC issues non-bailable warrant against Mantri Developers’ founder
  26 August 2024, realty.economictimes.indiatimes.com
  According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
• How Shein, Zudio can ride $50 billion opportunity in India
  26 August 2024, retail.economictimes.indiatimes.com
  The Fast Fashion sector in India saw a 30-40 per cent growth in FY24, significantly outpacing the overall fashion industry’s 6 per cent growth. Shein’s return with Reliance Retail aims to enhance the competitive landscape. Essential factors like trend identification, rapid production, efficient supply chains, and competitive pricing contribute to brands’ success in this booming market…
• ‘Fundamental principle of fashion retailing remains unchanged,’ says New Look’s founder Tom Singh
  26 August 2024, retail.economictimes.indiatimes.com
  Tom Singh, founder of New Look, discusses his retail journey and strategies for staying competitive. He highlights the importance of understanding customer needs and leveraging technology. Singh also shares his thoughts on the Indian market and his involvement with Ace Turtle, which supports international brands like Lee and Wrangler…
• Top FMCG brands bet big on functional food market
  26 August 2024, retail.economictimes.indiatimes.com
  Major food companies including ITC, Adani Wilmar, Tata Consumer, BigBasket, and Emami Agrotech are now prioritising functional foods tailored for health-conscious consumers. These products, ranging from low cholesterol ghee to low glycemic index foods, are sold at steep premiums. Limited supply and technology costs contribute to the higher prices…
• Premium consumer electronics sales growing faster online than in stores
  26 August 2024, retail.economictimes.indiatimes.com
  Online sales of high-value electronics such as air-conditioners, washing machines, and laptops grew significantly faster than offline sales in the first half of 2024. GfK-NielsenIQ data revealed a 17% increase in online consumer electronics sales compared to 12% offline. Consumers now prefer the convenience and better deals offered by online shopping platforms…
• Walmart’s exit raises questions about JD.com’s future
  26 August 2024, retail.economictimes.indiatimes.com
  Walmart announced this week a full exit from the Beijing-based e-commerce platform, selling off its $3.74 billion stake, which triggered a 10% slump in its share price and raised questions about JD.com’s ability to withstand the changed landscape. “JD.com’s stated strategy is to work with the manufacturers on low-cost versions of premium value goods, which sounds great, but I’m sceptical this will be the biggest driver of growth in the short term,” said tech analyst Rui Ma…
• Strong execution key to Zepto’s success
  26 August 2024, financialexpress.com
  Analysts also see Zepto as the best bet for investors in terms of direct exposure to quick commerce since other top players (Blinkit and BBNow) are deep-pocketed and already either acquired by top companies or run as a vertical by an established player (Swiggy Instamart)…
• Zomato launches ‘Order Scheduling’ feature; users can plan meals two days in advance
  26 August 2024, financialexpress.com
  Zomato, a food delivery platform, has released a new feature ‘Order Scheduling’ that lets users plan their meals up to two days in advance. This service represents a substantial improvement to the company’s offerings as it is currently offered in several major Indian cities…
• Wearables war: Chinese phone cos focusing on premium launches via bundled offerings
  26 August 2024, retail.economictimes.indiatimes.com
  Among brands that have recently forayed into the wearable segment, OnePlus already has two Google’s Wear OS-powered smartwatches in the market, priced well above the market average. These watches run on a customised Android operating system, with high-level integration with Android phones, competing with Samsung and Apple…
• Temasek in talks for up to $150-million bite of Rebel Foods
  26 August 2024, retail.economictimes.indiatimes.com
  Temasek, Singapore’s sovereign wealth fund, is in advanced talks to lead a $100-150 million investment in Rebel Foods, the parent company of brands such as Faasos and Behrouz Biryani, sources said. Started in 2011 by Jaydeep Barman and Kallol Banerjee, the company plans to go public in the coming 1-2 years…
• Zara Strengthens Presence in India with New Pune Store
  26 August 2024, indianretailer.com
  Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
• Hawkins Cookware Now Available in Just 10 Minutes via Swiggy Instamart
  26 August 2024, indianretailer.com
  In a move set to redefine convenience in kitchen shopping, Swiggy Instamart, India’s leading quick commerce platform, has announced the exclusive launch of Hawkins Cookers Limited products on its platform…
• Mamaearth Launches Kerala Thaali Hair Care Range in Strategic Retail Expansion
  26 August 2024, indianretailer.com
  Mamaearth has unveiled its Kerala Thaali Hair Care Range, marking a new chapter in its regional product innovation strategy. This latest offering reflects Mamaearth’s commitment to integrating India’s diverse cultural and natural elements into its product line…
• Bikaji Foods Acquires 55 Percent Stake in Ariba Foods for Rs 60.49 Cr
  26 August 2024, indianretailer.com
  Bikaji Foods International Ltd. has acquired a 55 percent equity stake in Ariba Foods Private Limited, a Ujjain-based company known for its snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment of Rs 60.49 crore will bolster Bikaji’s capabilities in frozen food production and broaden its market reach…
• When Old Meets New: Marrying GenAI with Conventional CX Strategies for E-commerce Success
  26 August 2024, indianretailer.com
  With more people in India shopping online than ever before, customer experience has become a priority for many e-commerce businesses. Orders worth $46.67 billion were placed in India last fiscal year, putting these businesses under significant pressure to not just deliver seamless and convenient customer experiences, but to do so at scale…
• How Technology is Improving Last-Mile Delivery during Holiday Season
  26 August 2024, indianretailer.com
  India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo…
• The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience
  26 August 2024, indianretailer.com
  Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
• ASOS Enters India Exclusively Via AJIO
  26 August 2024, indianretailer.com
  India’s leading fashion e-tailer, AJIO, announced the exclusive launch of the iconic British fashion brand ASOS in India today. For the first time ever, Indian consumers can shop ASOS’s globally popular styles exclusively on AJIO…
• Indriya Showcases Indian Jewellery Craftsmanship in New Film
  26 August 2024, indianretailer.com
  Indriya, a division of the Aditya Birla Group, has unveiled a new film celebrating the artistry and heritage of Indian jewellery. Each piece at Indriya reflects a blend of traditional Kaarigari with modern design elements, presenting a contemporary take on classic jewellery styles…
• Brands For Less Partners with TJX Companies in Strategic Stake Sale
  26 August 2024, indianretailer.com
  Brands For Less (BFL Group), a prominent off-price retailer of fashion, homeware, and toys in the region, has announced a strategic agreement with global off-price retailer The TJX Companies, Inc. (TJX) to sell a 35 percent stake in its business…
• Quality Over Cost: The Surging Demand for Premium Dairy Brands
  26 August 2024, indianretailer.com
  Gone are the days when price was the sole deciding factor in the dairy aisle. Today, a new wave of health-conscious consumers is driving a surge in demand for premium dairy brands…
• NCDRC issues non-bailable warrant against Mantri Developers’ founder
  26 August 2024, realty.economictimes.indiatimes.com
  According to the order issued by the NCDRC on January 31, 2022, Mantri Estate Management Private Limited and others had collected Rs 7,12,86,650 from 302 flat owners…
• Reliance retail, UK footwear co Clarks end JV after 2 years
  24 August 2024, retail.economictimes.indiatimes.com
  Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, including those in Inorbit and DLF malls. Clarks initially entered India in 2011 with a partnership with Future Group, which later went bankrupt. Clarks’ future plans in India remain unclear…
• Amazon India set to tweak seller fees ahead of festive season
  24 August 2024, retail.economictimes.indiatimes.com
  Amazon India adjusted its seller fee structures starting September 9. Reduced commissions across multiple categories aimed at supporting sellers during the festive season, with a focus on low-priced products. Categories such as ethnic wear and home furnishings saw significant fee reductions, while others like backpacks and studded fine jewellery had fee increases…
• Bikaji Foods acquires 55% stake in Ariba Foods for Rs 60.5 cr
  24 August 2024, retail.economictimes.indiatimes.com
  “This strategic move not only strengthens our capacity for export growth but also supports our entry into the QSR segment. By integrating Ariba’s state-of-the-art production capabilities, we aim to enhance our frozen snacks and savouries manufacturing,” said Deepak Agarwal, MD, Bikaji Foods International…
• Quick-commerce vs e-commerce: Ready for the new pricefight in town?
  24 August 2024, retail.economictimes.indiatimes.com
  Quick-commerce operators like Blinkit, Swiggy Instamart, and Zepto matched prices with major ecommerce platforms Amazon and Flipkart, aiming to attract consumers. This strategy marked a shift from their previous 10-15% premium charges for instant deliveries. The move has triggered a price war and increased competition for faster services in the home delivery market…
• Reliance-owned Ajio expands its fashion portfolio with ASOS, marking British brand’s India debut
  24 August 2024, retail.economictimes.indiatimes.com
  Reliance-owned Ajio has launched British fashion brand ASOS on its platform, marking ASOS’s entry into the Indian online retail market. The partnership introduces over 3,000 ASOS products, including lines like ASOS Design and ASOS Luxe. This move enhances Ajio’s collection of exclusive international brands and targets young Indian fashion enthusiasts, the company said in a press release on Friday. ..
• Kisanserv plans to expand to 250 stores, create 6000 jobs in the next four years
  24 August 2024, retail.economictimes.indiatimes.com
  With this move, it expects to create 2,000 direct jobs and 4,000-5,000 indirect jobs, focusing on hiring from local communities and prioritising female staff…
• Metro Brands on track to set up 225 stores over two years, eyes 10-15% sales growth, says CFO
  24 August 2024, retail.economictimes.indiatimes.com
  Metro Brands, a Mumbai-based footwear retail company, is on track to open 225 stores over the next two financial years, supported by its regular cash accruals, and expects strong sales in the second half of this fiscal.“We anticipate sales growth of 10-15% and are guiding a long-term CAGR of 15-18%,” Kaushal Parekh, CFO of Metro Brands Limited, told ETCFO at the Retail CFO Summit held in Mumbai…
• Joyalukkas plans new online-only jewellery brand as market expands
  24 August 2024, financialexpress.com
  Unlike Titan and Kalyan Jewellers, which entered the online jewellery market through acquisitions—buying brands like Caratlane and Candere, respectively—Joyalukkas intends to pursue organic growth for its online expansion…
• UK brand Laura Ashley set to enter India
  24 August 2024, retail.economictimes.indiatimes.com
  Laura Ashley, an iconic British lifestyle brand, is set to enter the Indian market through a licensing model next year. Partnered with Bradford License India, they aim to launch in early 2025, focusing on textiles, soft furnishings, wallpaper, furniture, and upholstery. Products will be available through exclusive brand outlets and online platforms…
• Chanel buys 25% stake in niche Swiss watchmaker MB&F
  24 August 2024, retail.economictimes.indiatimes.com
  Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to increase its presence in watch-making…
• Britain’s JD Sports reports quarterly sales rise in volatile market
  24 August 2024, retail.economictimes.indiatimes.com
  British sportswear retailer JD Sports Fashion reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year as the global macro environment remains volatile…
• FMCG distributors flag q-comm concerns in letter to govt
  24 August 2024, financialexpress.com
  The federation expressed concerns that the rise of quick commerce not only creates an uneven playing field but also threatens the livelihoods of millions of small retailers and distributors who have long been the backbone of India’s retail sector…
• Nestle replaces CEO Schneider with company veteran Freixe
  24 August 2024, retail.economictimes.indiatimes.com
  Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales…
• Brazilian brand Tropicool eyes expansion in India; aims to sell 30,000 litres of acai products this fiscal
  24 August 2024, retail.economictimes.indiatimes.com
  Tropicool, a Brazilian superfood brand, is expanding in India through Shop-in-Shop and franchise models. The brand aims to attract GenZ and millennial consumers with products tailored to Indian tastes. It currently has 11 outlets and plans to expand in cities including Pune, Delhi, Bangalore, and Goa, targeting 30,000 liters sales of acai products by the fiscal-end…
• Walmart partners with Burger King to offer discounted deals to members
  24 August 2024, retail.economictimes.indiatimes.com
  Walmart has collaborated with Burger King to provide its Walmart Plus members discounted meal benefits. Members can enjoy 25% off on digital orders at Burger King and receive a free Whopper burger every three months with any purchase, starting September. This move is aimed at competing with Amazon Prime and attracting price-conscious customers…
• India Inc’s high inventory shows consumption demand weakness
  24 August 2024, financialexpress.com
  Corporate India’s inventory levels are yet to fall to the relatively healthy levels reported before the pandemic, leave alone the still lower levels seen in the economy’s high growth phase during the first decade of the millennium…
• Zara Strengthens Presence in India with New Pune Store
  24 August 2024, indianretailer.com
  Zara, the global fashion brand owned by Inditex, has opened its 23rd retail store in India, located at the Phoenix Mall of the Millennium in Pune, as announced by a company official on social media…
• How Technology is Improving Last-Mile Delivery during Holiday Season
  24 August 2024, indianretailer.com
  India’s festive seasons, marked by celebrations like Dussehra, Diwali, Christmas, and New Year, see a dramatic increase in consumer activity. This surge in demand, coupled with a high festive sales pitch that sets the tempo..
• The Future of E-Commerce: Integrating AI and Virtual Reality for an Immersive Retail Experience
  24 August 2024, indianretailer.com
  Online shopping is quickly evolving with the help of new technology. Artificial Intelligence (AI) and Virtual Reality (VR) are making shopping more interactive and personalized. According to Mordor Intelligence, the AI in Retail market is estimated to be worth $9.85 billion in 2024 and is expected to grow to $40.49 billion by 2029…
• Modern Solutions for Rural Retail
  24 August 2024, irecwire.com
  Kirana stores in rural India are undergoing a significant transformation. Innovative efforts are modernizing these traditional retail hubs, bringing modern retail practices and technology to smaller towns and villages…
• French-Bagel Chain Bagelstein Enters India; Targets 100 Stores in 5 Years
  24 August 2024, indianretailer.com
  RI EXCLUSIVE: Bagelstein, a beloved French brand, known for its authentic bagels and vibrant, quirky atmosphere has entered India. The group has partnered with International franchisee firm FranGlobal to enter and expand its operation in India…
• Nothing Before Coffee Unveils Ambitious Global Expansion Plans
  24 August 2024, indianretailer.com
  India’s rapidly growing coffee chain, Nothing Before Coffee (NBC), is celebrating its 7th anniversary with a series of promotions and loyalty rewards, underscoring its strong presence in the retail and hospitality sectors across India…
• New San Francisco-Themed Restaurant Opens in Malviya Nagar
  24 August 2024, indianretailer.com
  A new restaurant offering an authentic taste of San Franciscan cuisine has opened at the Eldeco Centre in Malviya Nagar. This establishment is the first of its kind to bring the essence of San Francisco, California, to India. ..
• Zomato Discontinues Intercity Food Delivery Service ‘Legends’ After Two Years
  24 August 2024, indianretailer.com
  Zomato has decided to discontinue its intercity food delivery service, “Legends,” following two years of operation. Deepinder Goyal, CEO of Zomato, shared the update on the social media platform X (formerly Twitter), stating, “After two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.”..
• 818 Tequila Expands Its Reach to Mumbai
  24 August 2024, indianretailer.com
  Following a successful launch in Delhi, 818 Tequila, the award-winning brand founded by Kendall Jenner, has officially entered the Mumbai market. This expansion is a significant step in 818 Tequila’s strategy to establish itself as a leading choice for tequila enthusiasts across India…
• Zoya is well capitalised to meet the growing demand for luxury in India: Titan MD
  23 August 2024, retail.economictimes.indiatimes.com
  “In the coming few years, we foresee Zoya growing at the rate of 50 per cent CAGR because of the increasing opportunities in the luxury space,” CK Venkatraman, MD, Titan said…
• PE firm Warburg Pincus sells 6.45% in Kalyan Jewellers for Rs 3,584 cr
  23 August 2024, retail.economictimes.indiatimes.com
  “Pursuant to LODR regulations, we wish to inform you that basis an intimation dated August 21, 2024, received from Trikkur Sitarama Iyer Kalyanaraman, a share purchase agreement (SPA) has been executed on August 21, 2024, between Highdell Investment (Highdell), and the promoter of Kalyan Jewellers India Ltd,” the company said…
• What’s eating up Kellanova’s India Business?
  23 August 2024, retail.economictimes.indiatimes.com
  In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet…
• Dabur to set foot in South India: Co to set up Rs 400 cr manufacturing facility in Tamil Nadu
  23 August 2024, retail.economictimes.indiatimes.com
  Dabur has announced a Rs 400 crore investment to set up its first manufacturing plant in South India, located in Tamil Nadu’s SIPCOT Food Park. The project is anticipated to generate direct employment for 250 people and benefit local farmers. The new plant aims to meet growing demand in the southern market more effectively…
• Hangyo Ice Creams raises Rs 211 crore from Faering Capital
  23 August 2024, retail.economictimes.indiatimes.com
  Hangyo Ice Creams, a Mangaluru-based company, has secured funding worth Rs 211 crore from Faering Capital. The funds will be used to strengthen production capabilities and develop new offerings. This comes amid ice cream brands attracting venture capital funding…
• Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief
  23 August 2024, livemint.com
  Nestle SA chief executive officer (CEO) Mark Schneider has stepped down after almost eight years to be replaced by the fast-moving consumer goods (FMCG) company’s veteran Laurent Freixe at the top spot…
• BookMyShow’s business story gets Zomato’s Paytm plot twist
  23 August 2024, retail.economictimes.indiatimes.com
  BookMyShow may face strong competition from Zomato after its acquisition of Paytm’s ticketing business. Zomato plans to leverage its customer base and profits from other businesses to scale its new going-out vertical, aiming to grow its order value to over Rs 10,000 crore by FY26…
• Coca-Cola appoints Greishma Singh as Marketing VP
  23 August 2024, retail.economictimes.indiatimes.com
  Beverage maker Coca-Cola India has appointed Greishma Singh as vice-president, marketing. Singh moves from her current role as vice-president – customer and commercial leadership, where she led revenue growth management, value to market, customer value creation and a customer management group…
• Target raises 2024 profit forecast after price cuts boost quarterly sales
  23 August 2024, retail.economictimes.indiatimes.com
  Shares of the Minneapolis-based retailer rose 16%, touching a near four-month high of $167.40. The stock was set for its best day in over nine months after the chain said it expects 2024 profit in the range of $9.00 to $9.70 per share, up from its prior forecast of $8.60 to $9.60…
• India retained its growth momentum in Q1 of FY25, says FinMin’s monthly economic review
  23 August 2024, retail.economictimes.indiatimes.com
  As highlighted by the report, India’s key economic indicators present a positive outlook, underpinned by robust domestic activity, improving external trade, and growing capital flows. It also showed that perceived employment conditions show mixed signals, overall growth indicators suggest sustained momentum as FY25 progresses…
• Brands For Less sells 35% stake to TJX for $360 million
  23 August 2024, retail.economictimes.indiatimes.com
  Brands For Less (BFL Group) has sold a 35 per cent stake to The TJX Companies, enhancing its expansion plans beyond the GCC region. This deal, valuing BFL at $1.2bn, allows BFL to benefit from TJX’s strategic guidance and international expertise. Financial advisory was provided by deNovo Partners, and legal counsel by White & Case…
• Reliance Retail and Clarks End Joint Venture; UK Brand to Exit Indian Market
  23 August 2024, indianretailer.com
  Reliance Retail and UK-based footwear giant Clarks have ended their two-year joint venture, marking a significant shift in the retail landscape. The decision comes amid substantial disagreements over various terms of their partnership, according to sources familiar with the situation…
• Indian GDP Growth Slows to 6.0 pc in Q1 FY2025 Amidst Reduced Government Spending & Weaker Consumer Confidence
  23 August 2024, indianretailer.com
  The Indian economy is witnessing a temporary deceleration in its growth trajectory, as projected by ICRA. The year-on-year (YoY) expansion of the GDP is expected to moderate to a six-quarter low of 6.0 percent in Q1 FY2025, down from 7.8 percent in Q4 FY2024…
• BSH Expands Retail Footprint with New Bosch Brand Store in Bengaluru
  23 August 2024, indianretailer.com
  BSH Home Appliances Pvt. Ltd, a subsidiary of BSH Hausgeräte GmbH, the global leader in home appliances, has opened a new premium Bosch Brand Store in Bengaluru, Karnataka. This strategic expansion is part of BSH’s broader mission to introduce global retail standards in India…
• Funskool India Secures Rights to Manufacture and Distribute CATAN
  23 August 2024, indianretailer.com
  In a significant development for the retail sector in India, Funskool India Ltd has acquired the rights from Asmodee to manufacture and distribute the internationally renowned board game CATAN…
• How India’s Modern Trade Channels Achieved 2% FMCG Growth and 4% Tech Durables Surge in 2024
  23 August 2024, indianretailer.com
  India’s modern trade channels experienced a 2 percent growth in FMCG sales and a 4 percent increase in tech durables sales on a moving annual total (MAT) basis. This consistent growth contrasts with other markets in the Asia-Pacific region, where similar sectors have struggled to maintain momentum…
• Kalyan Jewellers Promoter Acquires Warburg Pincus Stake in Strategic Move
  23 August 2024, indianretailer.com
  In a significant retail development in India, Kalyan Jewellers’ promoter T.S. Kalyanaraman has acquired the remaining stake held by Warburg Pincus, marking the conclusion of the private equity firm’s strategic exit from the company…
• Dreame Technology Expands Home Cleaning Range in India
  23 August 2024, indianretailer.com
  Dreame Technology, a prominent name in smart home appliances, has unveiled its latest range of home cleaning products in the Indian retail market. The new lineup includes the intelligent robot vacuum and mop trio—D10 Plus Gen 2, D9 Max Gen 2, and L10 Prime—the H12 Dual Wet and Dry Vacuum, and the versatile Mova J10, J20, and J30 cordless stick vacuums…
• Inflection Point Ventures Exits Fashor with 33 Pc IRR, Achieves 3.75X Return
  23 August 2024, indianretailer.com
  Inflection Point Ventures (IPV), a leading angel investment platform in India’s retail sector, has successfully exited its investment in Fashor, a fashion brand specializing in trendy and affordable women’s wear…
• DECATHLON Aims to Grow Padel Market Share in India by 300 Pc
  23 August 2024, indianretailer.com
  DECATHLON, a global sports retail giant, is capitalizing on the growing popularity of padel in India. The company has announced an ambitious plan to expand its padel business by over 300 percent and capture 75 percent of the Indian market by 2026…
• Heineken Expands in Karnataka with Silver and Original Variants
  23 August 2024, indianretailer.com
  United Breweries Limited (UBL), India’s largest beer manufacturer and a key part of the HEINEKEN Company, has announced the availability of Heineken Silver and Heineken Original across Karnataka’s retail stores and bars…
• Sanjay Dutt Introduces The Glenwalk’s Zero-Calorie Ginger Ale
  23 August 2024, indianretailer.com
  Sanjay Dutt, a prominent Bollywood actor and long-time brand ambassador for The Glenwalk, has unveiled the latest addition to the premium Scotch whisky brand’s offerings: the Zero-Calorie Ginger Ale…
• Godrej Interio Announces Expansion with 10 New Kitchen Specialty Outlets by FY 2025
  23 August 2024, indianretailer.com
  Godrej Interio, the renowned home and office furniture division of Godrej & Boyce, has announced plans to launch 10 new kitchen specialty outlets across India by the end of the fiscal year (FY) 2025…
• boAt Introduces the Wanderer Smartwatch for Enhanced Child Safety in India
  23 August 2024, indianretailer.com
  In a notable advancement for retail and technology in India, boAt, the world’s second-largest audio and wearable brand, has launched the boAt Wanderer Smartwatch. This 4G-enabled smartwatch is designed to address key concerns of parental safety with features including real-time GPS tracking, geo-fencing, voice and video calling, and SOS alerts…
• STIM Oral Care Unveils Probiotic Toothpaste, Redefining Daily Dental Routine
  23 August 2024, retail.economictimes.indiatimes.com
  In a pioneering development in the field of dental care, STIM Oral Care has unveiled its latest innovation, the STIM Probiotic Toothpaste. This cutting-edge product is set to revolutionize oral hygiene by incorporating the power of dental probiotics, marking a significant advancement in the promotion of optimal oral health…
• Uppercase Raises $9M to Expand Sustainable Luggage in India
  23 August 2024, indianretailer.com
  Uppercase, the innovative and sustainable luggage brand, has raised $9 million in its Series B funding round, led by global venture capital firm Accel. This fresh infusion of capital will fuel the brand’s ambitious expansion plans, targeting a significant increase in its customer base across India…
• Piyush Goyal slams Amazon’s biz practices in India, questions losses and impact on local retailers
  22 August 2024, retail.economictimes.indiatimes.com
  Union Commerce Minister Piyush Goyal raised alarms about Amazon’s business practices, particularly its pricing strategies. “If you make a 6,000 crore loss in 1 year, does that not smell like predatory pricing to any of you?” he questioned…
• Zomato approves acquisition of Paytm’s entertainment ticketing business
  22 August 2024, retail.economictimes.indiatimes.com
  One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own…
• Decathlon India eyes Rs 8K cr revenue in next 3-5 years; plans Rs 900 cr investment, q-comm foray
  22 August 2024, retail.economictimes.indiatimes.com
  The investment is in line with the company’s ambitious plans to double its revenue to Rs 8,000 crore within the next 3-5 years. For FY24, Decathlon’s unaudited revenue stands at Rs 4,000 crore, Sankar Chatterjee, CEO, Decathlon India told ETRetail…
• Ambuja Neotia Group to invest Rs 2,000 crore to open two new malls
  22 August 2024, retail.economictimes.indiatimes.com
  Currently, the 6 existing malls span across 2 million sq ft retail space and the group is planning to add 1.5 million sq ft retail space with two upcoming malls…
• Grasim made Rs 20,000 cr capex in FY24, its largest ever: Chairman Kumar Mangalam Birla
  22 August 2024, retail.economictimes.indiatimes.com
  Grasim Industries has announced a record capital expenditure of nearly ₹20,000 crore for fiscal year 2023-24, marking its largest investment to date. Over the past five years, the company has invested nearly ₹50,000 crore, with over 75% dedicated to growth initiatives…
• Shiprocket’s D2C marketplace Zop in pilot stage: CEO Saahil Goel
  22 August 2024, retail.economictimes.indiatimes.com
  “The aim is to build a brand discovery platform: “It’s a destination for consumers to find unique D2C Indian brands, explore their stories and products, and eventually provide merchants ways to promote products via ads or sales commissions, which we will figure out later,” D2C marketplace called Zop managing director and chief executive Saahil Goel said…
• How much carbs in the food? Restaurants to be pulled up for lack of nutrition info
  22 August 2024, retail.economictimes.indiatimes.com
  The government decided to target restaurants failing to disclose nutritional information on their menus, impacting numerous establishments across India. Although required since July 2022, many restaurants remained non-compliant. FSSAI intended to send notices and enforce guidelines, enhancing consumer awareness about nutritional content in food. This move aimed to bolster food safety…
• Amul emerges as world’s strongest food and dairy brand, topping global rankings in Brand Finance Food & Drink 2024 Report
  22 August 2024, retail.economictimes.indiatimes.com
  Amul brand strength was evaluated with a Brand Strength Index (BSI) score of 91.0 out of 100, earning it the prestigious AAA+ rating. Amul’s performance in familiarity, consideration, and recommendation metrics solidified its position as a global leader in the food and dairy sectors. While Amul shines in brand strength, the report identifies Nestle and Lay’s as leaders in brand value. Nestle retained its title as the world’s most valuable food brand, despite a 7 per cent decline in brand value to USD 20.8 billion…
• Rural demand in FMCG sector will grow more in the coming quarters: Axis Securities
  22 August 2024, retail.economictimes.indiatimes.com
  Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth…
• India delivering double-digit sales growth of FMCG, tech durables from modern trade channels: Report
  22 August 2024, retail.economictimes.indiatimes.com
  India stands out as the sole market in the Asia-Pacific region showing consistent double-digit growth in FMCG and tech durable sectors through modern trade channels, driven by premiumisation and festive period sales, as per a report by NielsenIQ. The country holds a dominant position in modern trade sales, with premium-plus pricing segments representing a significant portion of both FMCG and tech durables sales…
• Meat startups take slow-cooking route to expand offline presence
  22 August 2024, financialexpress.com
  Encouraged by the massive size of the wet market in India, online meat and seafood delivery startups have started taking the offline route. But just like slow-cooked meat which tastes better, the online players are adopting a slow and steady approach for their offline foray…
• Keystone Realtors to invest Rs 900 crore in residential projects in FY25: Boman Irani, CMD
  22 August 2024, realty.economictimes.indiatimes.com
  Earlier this month, Keystone Realtors reported a 45 per cent decline in its consolidated net profit at Rs 25.82 crore for the June quarter of this fiscal on higher expenses…
• Titan Capital closes Rs 200-crore fund to double down on existing portfolio startups
  22 August 2024, retail.economictimes.indiatimes.com
  Titan Capital, founded by Kunal Bahl and Rohit Bansal, has raised Rs 200 crore for its new fund. The company aims to focus on its existMajor family offices and chief executives are a part of the new fund…
• Reliance-Owned Hamleys Launches Third Store in Italy at Oriocentre Mall
  22 August 2024, indianretailer.com
  Reliance-owned multinational toy retailer Hamleys has continued its expansion in Italy with the launch of its third store in the country, following its debut earlier this year. The Mumbai-based retail giant announced the opening through a social media post…
• Summercool to Open New Manufacturing Plant in Prayagraj
  22 August 2024, indianretailer.com
  Summercool, a prominent player in the home and kitchen appliances sector, is set to launch a new manufacturing facility in the Naini Industrial Area, Prayagraj. This development represents a key milestone in the brand’s expansion within the retail market in India…
• Furnitech Luxe Makes Offline Debut in Select Pepperfry Studios Across India
  22 August 2024, indianretailer.com
  Furnitech Luxe, a leading luxury furniture brand known for its opulent upholstered furniture, is set to make its offline debut in India through a partnership with Pepperfry. This strategic move marks a significant milestone for Furnitech Luxe as it expands its retail presence, allowing customers to experience its products firsthand in select Pepperfry studios…
• Odysse Electric Expands Presence to Over 150 Cities Across India
  22 August 2024, indianretailer.com
  Odysse Electric is significantly expanding its operations, reaching more than 150 cities across India. This expansion reflects the company’s commitment to advancing electric mobility in the retail sector and making sustainable transportation more accessible throughout the country…
• Stone Sapphire India Appoints Shobhit Singh as CEO to Drive Growth
  22 August 2024, indianretailer.com
  Stone Sapphire India Pvt Ltd has announced the appointment of Shobhit Singh as its new Chief Executive Officer (CEO). Previously serving as the Director, Singh’s promotion reflects a strategic move to enhance the company’s market position and broaden its reach within India’s retail sector..
• Pernod Ricard India Aims for Market Expansion with New Premium Whiskies
  22 August 2024, indianretailer.com
  Pernod Ricard India has unveiled a strategic plan to triple its revenue over the next decade by focusing on premiumization and innovation within India’s retail sector. As part of this initiative, the company introduced two new whiskies: Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky…
• adidas Honors 75-Year with Special Edition Sneakers
  22 August 2024, indianretailer.com
  adidas, a leading global sportswear brand known for its distinctive three-stripe trademark, is celebrating its 75th anniversary with the launch of a special sneaker collection. This milestone collection, featuring some of the…
• Kalpataru reports net loss of Rs 100.74 crore in FY24
  21 August 2024, realty.economictimes.indiatimes.com
  Mumbai-based Kalpataru Ltd has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises a fresh issue of shares, having a face value of Rs 10 each, aggregating up to Rs 1,590 crore…
• Four listed REITs distribute Rs 1,371 crore to unitholders in Q1 FY24
  21 August 2024, realty.economictimes.indiatimes.com
  Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders…
• Flutter Entertainment invests $3.5 million to open GCC in Hyderabad
  21 August 2024, retail.economictimes.indiatimes.com
  Spread over 80,000 sq ft and across three floors, the new hub will have space for over 700 employees working across data engineering, game integrity services, HR operations, procurement, safety and security and customer operations…
• Neville Tata takes charge as head of Star Bazaar, marking next generation leadership in Tata Retail
  21 August 2024, retail.economictimes.indiatimes.com
  Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said…
• We want to be a 10,000 cr brand : Abhiraj Bhal, CEO and Co-founder, UC
  21 August 2024, retail.economictimes.indiatimes.com
  From the biggest upcoming opportunities to Urban Company’s future plans and the gig economy’s rapid growth, Abhiraj Bhal, CEO & Co-Founder of Urban Company gets candid…
• ETRetailCafe: Meena and Siddharth Bindra on humble journey of brand BIBA
  21 August 2024, retail.economictimes.indiatimes.com
  Meena Bindra, Chairperson, BIBA, and Siddharth Bindra, MD, BIBA fondly share the journey of brand, its principles, value propositions and a lot more in this episode of ETRetailCafe…
• UBS pegs $15.4 billion enterprise value to Zomato’s Blinkit business
  21 August 2024, retail.economictimes.indiatimes.com
  UBS valued Zomato at $32.1 billion – a 15% premium over its current market capitalisation of $27.8 billion. As of July, the brokerage firm estimated Blinkit’s market share at 40-45%, with Swiggy’s Instamart at 20-25%, followed by Nexus Venture Partners-backed Zepto at 15-20%, and Big Basket’s BBNow at 10-15%…
• Puma looks to be a sports & performance-first brand
  21 August 2024, retail.economictimes.indiatimes.com
  Puma remains India’s top sports and apparel brand, recording a 10% sales rise last year and achieving ₹3,274 crore in revenue. The company aims to enhance its credibility in sports by partnering with the Athletics Federation of India and the Indian Olympic Association. Despite slowing demand, Puma focuses on maintaining growth through sports and performance products…
• Pernod Ricard plans to triple revenue by next decade; launches two new premium whiskies
  21 August 2024, retail.economictimes.indiatimes.com
  Pernod Ricard India announced the launch of two premium whiskies—Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky. This move is part of their strategy to triple revenue over the next decade by focusing on premiumisation and innovation in the Indian market. The company aims to leverage its strong market position…
• Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 million
  21 August 2024, retail.economictimes.indiatimes.com
  Accel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail stores in India, Europe, and the Middle East. Uppercase plans to open 50 stores by March 2025 and aims to double its revenue to Rs 150 crore this fiscal year…
• Bagzone Lifestyles expands portfolio with an online exclusive brand Lavie Signature
  21 August 2024, retail.economictimes.indiatimes.com
  To launch Lavie Signature, the group has invested around Rs 5 crore and anticipates to continue investing a similar amount for the next 2-3 years before it starts seeing any significant ROI output…
• Amul named the world’s strongest food brand
  21 August 2024, financialexpress.com
  Septuagenarian Amul is now the world’s strongest food brand, says Brand Finance’s Global Food & Drinks Report 2024. Amul boasts a Brand Strength Index (BSI) score of 91 out of 100 and an AAA+ rating, according to the report…
• Third Wave Coffee, Riskcovry shortlisted for IIMA Ventures’ People and Culture Accelerator
  21 August 2024, thehindubusinessline.com
  The program is designed for startups across seed and Series A stages to help founders, team leaders and people leaders proactively address gaps in their people strategy and culture IIMA Ventures (formerly IIMA-CIIE) launched the second cohort of People and Culture Accelerator and has handpicked eight startups for the 3-month accelerator including companies like Third Wave Coffee, Toprankers, Riskcovry, Roopya…
• Food companies get 4 more months to exhaust packaging materials claiming 100% fruit juices
  21 August 2024, retail.economictimes.indiatimes.com
  The FSSAI has given food businesses an extension until December to use packaging materials claiming ‘100 per cent fruit juices’. This followed consultations and an earlier directive to remove such claims due to misleading marketing. Products manufactured before the new deadline can be sold until the end of their shelf life…
• Zappfresh acquires Mumbai-based Bonsaro to expand its online meat delivery business
  21 August 2024, retail.economictimes.indiatimes.com
  Zappfresh has taken over the entire operations and business of Bonsaro, including all assets, to expand its presence in the western region. With this acquisition, the company is expecting a revenue of Rs 160 crore in FY 25 with a significant jump in profit…
• Stone Sapphire India appoints Shobhit Singh as CEO
  21 August 2024, retail.economictimes.indiatimes.com
  Shobhit Singh said, “Our vision is to bring iconic and relevant brands to the Indian retail market, catering to diverse customer needs. We aim to achieve a significant milestone of clocking Rs 1,000 crore in revenue over the next four years while maintaining our commitment to quality and customer satisfaction.”​..
• How Fixderma is Leading India’s Skincare Industry with Data and Innovation
  21 August 2024, indianretailer.com
  Fixderma is a skincare solution brand that started 14 years ago, making its first appearance as an omnichannel brand. It is a leading dermaceutical giant in India with a wide range of skincare products created to enhance skin health and repair conditions…
• JR One Footwear Expands with Two New Factories in Tamil Nadu
  21 August 2024, indianretailer.com
  JR One Footwear Pvt. Ltd., a joint venture between Phoenix Kothari Footwear Ltd. and Taiwan-based ShoeTown Group, is set to expand its operations in Tamil Nadu by establishing two additional manufacturing facilities and leather component clusters in the state…
• YesMadam Opens Tech-Driven Flagship Salon in Delhi-NCR
  21 August 2024, indianretailer.com
  YesMadam has unveiled its first tech-driven flagship salon in Delhi-NCR, marking a significant step in integrating technology with luxury in India’s retail beauty industry. This salon introduces innovative features that aim to elevate the customer experience in the salon and wellness space…
• Casa India Expands Retail Presence with Third Outlet in Kolkata
  21 August 2024, indianretailer.com
  Casa India, a leading name in India’s luxury home décor sector, has announced the opening of its third outlet in Kolkata, located at Kankurgachi. This expansion follows the successful operation of its other stores at City Centre Mall, Salt Lake, and Nager Bazar, further solidifying the brand’s presence in the city’s retail landscape…
• Yousta by Reliance Retail Debuts at Ambience Mall, Gurugram
  21 August 2024, retail.economictimes.indiatimes.com
  Reliance Retail’s youth-centric fashion brand, Yousta, continues its expansion with the grand opening of a new store at Ambience Mall in Gurugram. This launch marks a significant milestone for the brand, which has quickly gained popularity for its trendy yet affordable fashion offerings aimed at young consumers…
• D2C Fashion Brands Highlander and Tokyo Talkies Make Offline Retail Debut
  21 August 2024, indianretailer.com
  Bengaluru-based Brand Studio Lifestyle is marking a significant milestone as its direct-to-consumer (D2C) fashion brands, Highlander and Tokyo Talkies, venture into offline retail. The company has recently expanded its physical presence with the opening of 13 new stores this month alone…
• Acer India Debuts AI-Powered Nitro V 16 with AMD Ryzen 8040 at Rs. 1,09,999
  21 August 2024, indianretailer.com
  Acer, a leading brand in the PC industry, has launched its first fully AI-integrated gaming laptop, the Acer Nitro V 16, marking a new era in gaming technology. This innovative device is designed to redefine the gaming experience with its advanced features and powerful performance…
• Zepto’s Raksha Bandhan Delivery Success Highlights India’s Growing E-comm Reach
  21 August 2024, retail.economictimes.indiatimes.com
  In a remarkable demonstration of logistics and retail efficiency in India, Zepto celebrated Raksha Bandhan by facilitating the delivery of over 1.4 million “Shagun ka Lifafas” across the country…
• Bagzone Lifestyles Unveils Lavie Signature: A New Online-Exclusive Premium Brand
  21 August 2024, indianretailer.com
  Bagzone Lifestyles Pvt Ltd, the company behind the renowned brands Lavie and Lavie Luxe, has announced the launch of Lavie Signature, a new standalone online-exclusive brand. Positioned between the beloved Lavie and the luxurious Lavie Luxe, Lavie Signature aims to redefine the concept of premium fashion by offering high-quality, stylish bags at affordable price points…
• Shapoorji Pallonji Group consolidates its real estate holdings under SPRE
  20 August 2024, realty.economictimes.indiatimes.com
  The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. ..
• Alibaba affiliate may sell 1.54% stake in Zomato
  20 August 2024, retail.economictimes.indiatimes.com
  Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ₹3,400 crore. The shares were priced at ₹251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year…
• Mid-sized global restaurant chains find Indian market palatable
  20 August 2024, retail.economictimes.indiatimes.com
  Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines…
• Happy meals not making Indians happy anymore? McDonald’s, Burger King & other QSR brands losing their mojo in India
  20 August 2024, retail.economictimes.indiatimes.com
  Interest in international quick service restaurant (QSR) chains like McDonald’s, Burger King, and Pizza Hut is waning among Indians, prompting these brands to focus on value offerings to attract customers. The rise of modern food brands backed by venture capital and the popularity of food delivery platforms like Zomato and Swiggy have intensified competition, making it harder for global QSR giants to draw in diners…
• Retail sales grow a mere 2% in July
  20 August 2024, retail.economictimes.indiatimes.com
  Retail sales across India grew by a modest 2% in July 2024 compared to 2023, as per the Retailers Association of India. West India saw the highest growth at 3%. Food and grocery segments registered the highest increase at 6%. There is a need for strategic measures to boost consumer demand and attain sustainable growth…
• Canada’s Couche-Tard looks to take over 7-Eleven owner
  20 August 2024, retail.economictimes.indiatimes.com
  Alimentation Couche-Tard made a proposal to acquire Seven & i Holdings, aiming to create the world’s leading operator of convenience stores. This preliminary bid remains non-binding, and a special committee will review it. Seven & i’s shares surged amid the news, reflecting investor interest enhanced by recent market strategies and weak yen dynamics…
• Licious bets on offline model after success in online market
  20 August 2024, financialexpress.com
  After cracking the online market, meat and seafood direct-to-consumer (D2C) unicorn Licious is now focusing on offline expansion. The company is looking to open 25 offline stores by the end of FY25, mostly in Bengaluru…
• Saudi perfumer Al Majed For Oud plans to list 30% stake on local bourse
  20 August 2024, retail.economictimes.indiatimes.com
  The Gulf region has seen a flurry of IPOs in recent years as governments in Saudi Arabia and the United Arab Emirates in particular seek to deepen capital markets and attract investment. Several private companies have also decided to go public this year, including UAE supermarket franchisee Spinneys…
• H&M India Introduces Home Concept Store in Mumbai
  20 August 2024, indianretailer.com
  H&M India, the international retail brand known for its blend of fashion and quality, has launched its H&M Home concept store in Mumbai at Phoenix Marketcity, Kurla. This new addition to the retail landscape in India brings a unique combination of fashion and home décor to the city, offering a diverse range of products that cater to varied customer preferences…
• Kalyan Jewellers Expands in Haryana with New Ambala Showroom
  20 August 2024, indianretailer.com
  Kalyan Jewellers has expanded its retail presence in India with the launch of a new showroom in Ambala, Haryana. Located at Partap Nagar, Kalka Chowk on GT Road, this marks the company’s ninth showroom in the state, further solidifying its footprint in the region…
• NCLT Sanctions Merger of TCNS Clothing into Aditya Birla Fashion and Retail
  20 August 2024, indianretailer.com
  The National Company Law Tribunal (NCLT) Mumbai Bench has approved the merger of TCNS Clothing Co. with Aditya Birla Fashion and Retail (ABFRL) under a Scheme of Amalgamation by way of Merger by Absorption…
• Sanjay Singhal Joins Wagh Bakri Tea Group as CEO After Successful ITC Tenure
  20 August 2024, indianretailer.com
  Sanjay Singhal, former Chief Operating Officer (COO) of ITC, has taken the reins as the Chief Executive Officer (CEO) of Wagh Bakri Tea Group. With a distinguished career spanning multiple top-tier companies, Singhal’s transition marks a significant leadership change for the 132-year-old tea brand…
• Amala Earth Concept Store Debuts Saphed’s Sustainable Mool Range
  20 August 2024, indianretailer.com
  Amala Earth Concept Store has introduced the Mool collection by Saphed, marking a notable advancement in natural fiber fashion in India’s retail landscape. This exclusive collection showcases a new direction in sustainable fashion, featuring cotton linen, an innovative material that complements Saphed’s minimalist design philosophy…
• Tira Expands Product Portfolio with Korean Skincare Brand Mixsoon
  20 August 2024, indianretailer.com
  Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
• Highlander and Tokyo Talkies Expand Into India’s Offline Retail Market
  20 August 2024, indianretailer.com
  Highlander and Tokyo Talkies, two popular brands from the House of Brand Studio Lifestyle, are making a significant move into the offline retail market in India. Known for their appeal among Gen Z and their focus on data-driven fashion, these brands have made a name for themselves as digital-first entities…
• Snitch Expands Retail Presence in India with New Store at Inorbit Mall Vashi
  20 August 2024, indianretailer.com
  In a move to strengthen its retail footprint in India, Inorbit Mall Vashi, Navi Mumbai’s prominent shopping destination, has launched Snitch, a fast-growing men’s fashion brand known for its trend-responsive designs. Snitch, which has rapidly gained popularity since its inception in 2020, opened its new store on August 15…
• Carbon Café Introduces Jaipur’s First “Kitchen Rave” Event
  20 August 2024, indianretailer.com
  Carbon Café recently hosted Jaipur’s inaugural “Kitchen Rave,” a unique event that combined food, music, and coffee to create a distinct social experience. Held on August 15 from 5 PM to 8 PM, this event drew together food enthusiasts and coffee aficionados for a gathering reminiscent of a lively house party…
• Bombay Cartel Launches Their New Outlet in Kala Ghoda, Mumbai
  20 August 2024, indianretailer.com
  Bombay Cartel, an intriguing new dining destination, has launched in the Kala Ghoda, Fort district of South Mumbai. Situated in this area rich in history and culture, the restaurant blends modern style with the unique artistic character of Kala Ghoda…
• Pune’s Burger King Wins 13-Year Old Trademark Battle Against Global QSR Chain
  20 August 2024, indianretailer.com
  Global fast food chain Burger King has lost a 13-year legal battle against a namesake eatery in Pune, with a commercial court in the district dismissing the company’s trademark infringement lawsuit…
• Tira Adds Korean Skincare Brand Mixsoon to India Portfolio
  20 August 2024, indianretailer.com
  Tira has expanded its product portfolio by introducing the viral Korean skincare brand Mixsoon. Known for its commitment to achieving flawless, glass-like skin through the use of premium and clean ingredients, Mixsoon has captured the attention of beauty enthusiasts globally and is now available to discerning Indian consumers…
• Accor and Brigade Hotel Ventures Launch ibis Styles Mysuru, Expanding Presence in Karnataka
  20 August 2024, indianretailer.com
  Accor, a leading global hospitality group, and Brigade Hotel Ventures Ltd. (BHVL) have announced the opening of their first ibis Styles property in Karnataka, marking a significant addition to the hospitality sector in the region…
• How Ultra is Expanding Its 40-Year Legacy from Entertainment to the Toy Aisle
  20 August 2024, indianretailer.com
  With a legacy spanning 40 years, Ultra Group has been a pioneering force in the entertainment industry, excelling in content production, acquisition, distribution, and syndication of both Indian and international content…
• Omaxe’s net loss widens to Rs 147.44 crore in Q1 FY25
  19 August 2024, realty.economictimes.indiatimes.com
  The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13…
• Macrotech Developers’ net debt rises 43.5% to Rs 4,320 crore in Q1 FY25
  19 August 2024, realty.economictimes.indiatimes.com
  According to its latest investors presentation, Macrotech Developers’ net debt stood at Rs 4,320 crore as of June 30, 2024, against Rs 3,010 crore at the end of the March quarter of 2023-24…
• Kolte-Patil Developers’ CFO resigns
  19 August 2024, realty.economictimes.indiatimes.com
  ​In a regulatory filing on Saturday, the company informed that Jena resigned on 17 August 2024 to “pursue professional opportunities outside the organization”…
• Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur
  19 August 2024, retail.economictimes.indiatimes.com
  US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
• Azorte Expands with New Premium Fashion Store in Vadodara
  19 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
• Top 5 Sibling Entrepreneurs Revolutionizing Indian Retail
  19 August 2024, indianretailer.com
  Rakhsha Bandhan is the celebration of the bond between brothers and sisters. On this occasion, Indian Retailer looks at those dynamic sibling entrepreneurs who have heralded successful businesses while navigating through numerous challenges in the retail industry…
• Online Businesses are fuelling India’s Pre-Owned smartphone industry
  19 August 2024, indianretailer.com
  India is home to 659 million smartphone users, the second largest smartphone user base in the world. Internet penetration, mobile-first infotainment and financial platforms, and superlative camera features are some of the contributing factors to the growth of smartphone aspirations, even in Tier II and below towns…
• How Fashion Brands Are Changing the Retail Game in 2024
  19 August 2024, indianretailer.com
  By 2024, the fashion industry will look very different thanks to new technologies and a focus on customers and the environment. Fashion brands are not just selling clothes or accessories anymore; they are creating exciting, personalized shopping experiences that make old retail models seem outdated…
• VAHDAM INDIA & Paramount Launch ‘Emily in Paris’ Tea Collection
  19 August 2024, indianretailer.com
  Global wellness brand VAHDAM INDIA has announced a captivating new collaboration with Paramount, unveiling the VAHDAM INDIA X Emily in Paris Limited Edition Collection of Wellness Teas…
• FabriCare Unveils New Campaign Featuring Bollywood Stars Ranbir Kapoor and Alia Bhatt
  19 August 2024, indianretailer.com
  FabriCare – High-Performance Fabrics by D’Decor has announced its latest campaign, featuring Bollywood’s celebrated couple, Ranbir Kapoor and Alia Bhatt. Directed by the renowned Karan Johar under his banner Dharma 2.0 and conceptualized by 82.5 Communications, the campaign celebrates the essence of “Beauty that needs no protection,” showcasing FabriCare’s innovative fabrics amidst the everyday drama of home life…
• Medusa Beverages and Warner Bros. Unveil ‘House of the Dragon’ Inspired Beer Collection
  19 August 2024, indianretailer.com
  Medusa Beverages, the iconic home-grown beer brand, has announced an exciting partnership with Warner Bros. Discovery Global Consumer Products to launch an exclusive “House of the Dragon” inspired beer collection…
• Festive season begins with a bang: quick commerce sees jump in sales
  19 August 2024, retail.economictimes.indiatimes.com
  Blinkit and Zepto saw increased sales and expanded their product ranges for the festive season, targeting doubled SKUs for Diwali. With significant sales spikes for Rakshabandhan, the platforms also emphasised discounts and international orders. Mumbai-based rival Zepto said it aimed to deliver 3.5 million orders in the three days leading up to Rakshabandhan…
• Innerwear sales indicate economic turnaround is here to come
  19 August 2024, retail.economictimes.indiatimes.com
  Inner wear sales have been particularly impacted for over six quarters now, along with a slowdown in overall apparel demand. Primary sales, or despatches from companies to dealers, for the industry were stagnant for the last few quarters due to high unsold stock since Covid. Primary sales by volume, or number of units sold, grew last quarter, though at a slower pace than secondary sales…
• Consumption to revive in coming qtrs, e-commerce to drive growth: Bata MD & CEO
  19 August 2024, retail.economictimes.indiatimes.com
  Bata India expects a recovery in upcoming quarters driven by festive season demand, retail expansion, and e-commerce growth. The company planned store renovations and affordable new products for young buyers, alongside investments in technology and premiumization, despite a recent decline in revenue…
• India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe
  19 August 2024, retail.economictimes.indiatimes.com
  India’s apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). Apparel exports shot up to $1,277.20 million during July this year from $1,141.95 million in the same month last year, while textile exports were steady at $1,660.36 million in July compared to $1,663.06 million…
• Trademark infringement: Burger King loses legal battle against namesake Pune eatery
  19 August 2024, retail.economictimes.indiatimes.com
  Burger King Corporation’s 13-year lawsuit against a Pune-based eatery was dismissed by the local court. The court concluded that the local establishment had been using the ‘Burger King’ name since 1991-92, predating the US chain’s entry into India in 2014. No evidence of trademark infringement or damages was found…
• Nearly 12% of India’s tested spice samples fail quality, safety standards
  19 August 2024, retail.economictimes.indiatimes.com
  Authorities in India identified that almost 12% of spice samples did not meet safety standards after international concerns about contamination. The Food Safety and Standards Authority of India conducted tests following Hong Kong’s suspension of MDH and Everest spice blends. Both brands assert their products remain safe for consumption, although these findings span broader testing…
• Tempur Sealy’s deal to buy Mattress Firm aims to ‘eliminate’ competition, document shows
  19 August 2024, retail.economictimes.indiatimes.com
  Mattress maker Tempur Sealy International’s proposed $4-billion takeover of retailer Mattress Firm is intended to “eliminate future competition”, according to a document unsealed by a Texas judge. A May 2022 presentation to the board by the company’s CEO stated that buying Mattress Firm would enable Tempur Sealy to “eliminate future competition” and “block future competition”, the papers showed. The presentation did not name the executive…
• Retail players, QSRs slashed jobs in FY24 amid slowdown
  19 August 2024, retail.economictimes.indiatimes.com
  Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown in store expansions amid weakening consumer demand. Leading this staff reduction were Reliance Industries’ retail arm and other major retailers. Still, some retailers, such as Shoppers Stop, continued to expand…
• FMCG players expect volume trends to sustain amid rising demand in rural markets
  19 August 2024, retail.economictimes.indiatimes.com
  FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown…
• 3PL players continue to drive industrial & logistics leasing in H1 2024
  19 August 2024, retail.economictimes.indiatimes.com
  Based on the performance so far, it is likely that 3PL players will lead the industrial and logistics leasing activity as retail, e-commerce and manufacturing players continue to progressively outsource their inventory and delivery capabilities to optimize costs and minimize lead time…
• Delhi-NCR Realty Frontrunner In PE Investments
  17 August 2024, rprealtyplus.com
  Delhi-NCR’s real estate market has attracted highest private equity investment of $633.3 million during January-June period of this year as investors look to encash high demand for prime office space and luxury housing, according to Cushman & Wakefield…
• Vanguard Group Acquires 1.14 Cr Units In REIT Firm Nexus Select Trust
  17 August 2024, rprealtyplus.com
  Vanguard Group bought more than 1.14 crore units in REIT firm Nexus Select Trust for Rs 158 crore via open market transactions, while Morgan Stanley sold its stake in the company…
• DLF files FIR against ex-CFO for Rs 311 crore blackmail, extortion
  17 August 2024, retail.economictimes.indiatimes.com
  According to the FIR filed at a Gurgaon police station, DLF has alleged that Sanka is threatening to cause financial loss and also to defame and malign the reputation of the company…
• Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil
  17 August 2024, retail.economictimes.indiatimes.com
  Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions…
• It’s coffee as usual for Starbucks in India: Appointment of new chairman won’t alter plans
  17 August 2024, retail.economictimes.indiatimes.com
  Starbucks’ abrupt leadership change won’t affect Tata Starbucks’ Indian expansion plans, per Tata Consumer Products CEO Sunil D’Souza. The company aims to open 1,000 cafes by 2028. Despite new competition from Pret A Manger and Tim Hortons, Starbucks remains focused on growing its presence in the predominantly tea-drinking nation…
• Retailers association urges Delhi government to reduce signage fee in the city
  17 August 2024, retail.economictimes.indiatimes.com
  The Retailers Association of India asked the Delhi government to reconsider high signage fees that burden small and medium retailers. These costs, significantly higher than in other cities, hinder retailers from attracting customers. Lower fees would help businesses thrive and improve compliance with the local advertising policy…
• Brand Studio Lifestyle goes omnichannel with Tokyo Talkies and Highlander; eyes 40 pc revenue from offline
  17 August 2024, retail.economictimes.indiatimes.com
  By this fiscal end, the company plans to expand its reach to 11 states with 50 stores of Highlander, 20 stores of Tokyo Talkies, and 30 combined stores offering products from both brands – Tokyo Talkies and Highlander…
• Home care products witness 27% surge from 2015-23: Study
  17 August 2024, retail.economictimes.indiatimes.com
  Home care products like toilet cleaners, floor cleaning products and mosquito repellents (insecticides) have witnessed a significant increase in demand since 2015, fuelled by the government’s cleanliness campaign Swachh Bharat Mission…
• McDonald’s elevates Tiffanie Boyd to Global Chief People Officer
  17 August 2024, retail.economictimes.indiatimes.com
  McDonald’s, an American multinational fast food chain, has announced the appointment of Tiffanie Boyd as Executive Vice President and Global Chief People Officer, effective August 19. Currently, Boyd is serving as Senior Vice President and Chief People Officer for McDonald’s USA. She joined McDonald’s in 2021…
• FDI in food processing sector down 30pc to Rs 5,037 cr in 2023-24
  17 August 2024, retail.economictimes.indiatimes.com
  Foreign direct investment (FDI) in India’s food processing sector declined 30 per cent in the last fiscal to Rs 5,037.06 crore, according to official data. The FDI in the food processing sector stood at Rs 7,194.13 crore in 2022-23. According to the data presented by the Food Processing Industries Ministry in Lok Sabha, the FDI in food processing sector stood at Rs 5,290.27 crore in 2021-22 and Rs 2934.12 crore in 2020-21…
• Starbucks Launches First Pet-Friendly Store in India, Debuts in Jaipur
  17 August 2024, indianretailer.com
  US-based coffee chain Starbucks has unveiled its first pet-friendly store in India, located at Raja Park, Jaipur. The new outlet, which opened on 15 August to coincide with India’s 78th Independence Day, marks a significant milestone in Starbucks India’s expansion efforts…
• Azorte Expands with New Premium Fashion Store in Vadodara
  17 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain under Reliance Retail, has inaugurated a new store in Vadodara. The latest store is situated at Genda Circle, marking a significant expansion for the fashion brand in the region…
• ASUS India Expands Retail Presence with New Store in Nagpur
  17 August 2024, indianretailer.com
  ASUS India, the Taiwanese tech giant, has expanded its retail footprint across India with the launch of a new exclusive store in Nagpur. The store, covering 230 square feet, will showcase a wide range of electronics and computer hardware, including flagship products like Vivobook, Zenbook, Republic of Gamers (ROG) laptops, gaming desktops, all-in-one desktops, and accessories…
• H&M India Launches First Home Concept Store in Mumbai
  17 August 2024, indianretailer.com
  Hennes & Mauritz (H&M) India, the renowned international fashion and lifestyle retailer, has introduced its H&M Home concept to Mumbai for the first time. The new store, covering nearly 40,000 square feet, is situated at Phoenix Marketcity Mall in Kurla…
• Voyage Eyewear Expands Retail Presence with New Kiosk at Dwarka Pacific Mall
  17 August 2024, indianretailer.com
  Voyage Eyewear has announced the opening of its new retail kiosk at Dwarka Pacific Mall, a strategic move aimed at increasing visibility and accessibility for customers in India…
• How to Start an Electronics Retail Store in India: Key Steps
  17 August 2024, indianretailer.com
  The Indian consumer electronics market is valued at $73.73 billion and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The factors are driven by rising incomes, urbanization, and increased technology adoption…
• Q1 FY25: FMCG & Retail Giants Show Mixed Profit Growth as Honasa Consumer Leads with 62.9 pc Surge
  17 August 2024, indianretailer.com
  The first quarter of fiscal year 2024-25 has revealed a diverse range of financial performances across India’s FMCG and retail sectors. Companies such as Honasa Consumer Ltd, Page Industries, Cantabil Retail, Titan Company, and DMart have all posted their Q1 results, each showcasing distinct trends in profitability, revenue growth, and strategic investments…
• Cantabil Reports Rs 127.9 Cr in Quarterly Revenue, Marking a 14.4 Pc Yearly Growth
  17 August 2024, indianretailer.com
  Cantabil Retail India Ltd., a leading apparel manufacturer, has announced its financial performance for the quarter ending June 30, 2024, showcasing impressive growth figures…
• AC Makers Report Surging Revenues and Profits Amid Intense Summer Demand
  17 August 2024, indianretailer.com
  Air conditioner manufacturers have recorded robust double-digit revenue growth, with several companies experiencing more than a two-fold increase in profits during the April-June quarter, driven by soaring demand due to the intense summer heat…
• Dyson Enters Ingredient Science with New Chitosan Styling Range
  17 August 2024, indianretailer.com
  Dyson, known for its innovative approach to hair care, is expanding its presence in India’s retail beauty market with the launch of its first wet line styling products—the Dyson Chitosan formulations range…
• Vanguard Group buys over 1.14 crore units of Nexus Select Trust for Rs 158 crore
  16 August 2024, realty.economictimes.indiatimes.com
  According to the bulk deal data available on the National Stock Exchange (NSE), the US-based Vanguard Group purchased 1,14,50,476 units, amounting to a 0.75 per cent stake in Nexus Select Trust…
• Sunteck Realty posts net profit of Rs 22.78 crore in Q1 FY25
  16 August 2024, realty.economictimes.indiatimes.com
  Sunteck Realty’s net consolidated total income stood at Rs 328.01 crore in Q1 FY25, a growth of 271 per cent from Rs 88.41 crore it recorded in the similar quarter last year…
• Kalpataru files draft IPO papers with SEBI to raise Rs 1,590 crore
  16 August 2024, realty.economictimes.indiatimes.com
  The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore…
• Valor Estate to develop 5.7 million sq ft with L&T Realty and Lodha Group
  16 August 2024, realty.economictimes.indiatimes.com
  Potential revenue or area share to Valor Estate from 15.5 million sq ft of saleable residential and 2.3 million sq ft of commercial properties under various stages of development is Rs 13,650 crore…
• Builders, financial institutions cautiously optimistic of growth in realty sector: Report
  16 August 2024, realty.economictimes.indiatimes.com
  “While both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector’s long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations,” Knight Frank said…
• Mars to buy Cheez-It, Pringles maker Kellanova in mega $36 bln deal
  16 August 2024, retail.economictimes.indiatimes.com
  The deal dwarfs Mars’ $23 billion takeover of Wrigley in 2008 and would bring under one roof popular consumer brands, including Mars’ Twix, Bounty and Milky Way chocolates as well as Kellanova’s snacks portfolio of Pop-Tarts, Rice Krispies Treats and Eggo frozen waffles…
• Welspun Living aims for Rs 1,700 in topline in FY27; to set up pillow mfg unit in India
  16 August 2024, retail.economictimes.indiatimes.com
  Welspun Living, which currently manufactures and sells home furnishing solutions via two brands – Welspun and Spaces – is planning to introduce its new brand, Christy in India soon…
• Heavy rains, water logging dent quick commerce, food delivery, dine-ins across North India
  16 August 2024, retail.economictimes.indiatimes.com
  As North India experiences heavy rains and water logging, the business of quick commerce and food delivery platforms has been impacted. Delivery of products and food has been tough across pin codes, with order cancellations running high. Netizens took to social media to post videos and pictures of traffic jams in Delhi-NCR and cities across Haryana and Punjab…
• PC Jeweller swings to profit in Q1, sees early settlement of legal issues
  16 August 2024, retail.economictimes.indiatimes.com
  PC Jeweller said it was “confident” of an early settlement of ongoing legal issues, which would allow management to focus on restoring business that had “suffered badly” in the last three years. The jeweller closed one company-owned store in Delhi and two franchise stores in Meerut and Saharanpur during the quarter. Two stores in Delhi remain temporarily shut due to ongoing court proceedings…
• Cantabil Retail profit falls, sales rise in Q1FY25
  16 August 2024, retail.economictimes.indiatimes.com
  Apparel retailer Cantabil Retail posted a revenue of Rs 127.9 crore in the quarter, slightly up from Rs 111.8 crore in Q1FY24. Its EBITDA stood at Rs 39.4 crore witnessing growth of 14.5 per cent from the same quarter last year…
• Belgian bakery brand Le Pain Quotidien re-enters India
  16 August 2024, retail.economictimes.indiatimes.com
  Le Pain Quotidien, a Belgian bakery, has partnered with Bake & Brew Pvt Ltd to re-enter India, planning 100 outlets by 2035. An initial investment of Rs 35 crore will start with two Mumbai outlets. The venture will create 1,500 jobs and focus on authentic dining experiences with a health and wellness emphasis…
• Major domestic appliances market sees 18 pc value-based growth in first half of 2024: Report
  16 August 2024, retail.economictimes.indiatimes.com
  “This growth is 3X of growth in 2023 over the previous year,” said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report…
• Walmart’s Q2 international sales growth powered by Flipkart, other markets
  16 August 2024, retail.economictimes.indiatimes.com
  Walmart’s Q2 FY25 saw significant international growth driven by Flipkart and operations in China and Mexico. Walmart recorded nearly $30 billion in net sales from international markets, a YoY growth of 8.3%. Operating income came in at $1.4 billion…
• Carlsberg to retain strategy post-full ownership of Indian ops, eyes accelerated investment
  16 August 2024, retail.economictimes.indiatimes.com
  Carlsberg’s global CEO, Jacob Aarup-Andersen, confirmed that the Danish brewer does not plan a new strategy for India after acquiring full ownership of its Indian and Nepalese operations from the Khetan Group. The move, expected to finalize in a few months, will enable Carlsberg to boost investments and leverage opportunities in the rapidly growing Indian beer market, which is expanding four times faster than the overall segment. Andersen noted that while no dramatic strategy changes are anticipated, the company aims to enhance its market presence with increased control and investment…
• AC makers’ profits soar in April-June amid blistering heat
  16 August 2024, retail.economictimes.indiatimes.com
  During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. Key players such as Voltas, Blue Star, Whirlpool of India, Johnson Controls-Hitachi, and Havells (owner of the Lloyd brand) reported substantial increases in both top-line and bottom-line metrics…
• Ola’s plans around EVs, quick commerce, more out on Independence Day
  16 August 2024, retail.economictimes.indiatimes.com
  Ola Cabs rebranded itself as Ola Consumer to go beyond ride-hailing and also launched fully automated dark stores for use by ONDC. On Independence Day, Ola rolled out Ola Pay to pay for rides, food and groceries through UPI on the Ola app, while sister firm Krutrim promised to launch an in-house designed AI chip…
• Vacheron Constantin celebrates record sales, eyes growth in Indian luxury watch market
  16 August 2024, retail.economictimes.indiatimes.com
  Vacheron Constantin, with historical ties to India’s maharajahs, is now focusing on emerging opportunities and consumer trends in the Indian market, according to Christophe Ramel, Managing Director for the Middle East, India, and Africa…
• In high spirits. Whisky emerges as top choice for younger consumers in India
  16 August 2024, thehindubusinessline.com
  Wine may be used as a metaphor for age, but it is whisky that seems to have rhymed with the spirit of the youth in India – also the largest market for whiskey in the world. Traditionally consumed by an older age group (between 45 and 60), the hard drink’s admirers now fall in their 20s, with a median age of 28…
• Zara’s 24th Store Lands in Pune
  16 August 2024, indianretailer.com
  Zara has opened its second retail location in Pune, India, at the Phoenix Mall of the Millennium. Spanning over 24,500 square feet, this new store aligns with Inditex and Zara’s approach to integrating advanced…
• Swiss Military Reports Strong Q1 Financial Growth, Enhances Operational Capabilities
  16 August 2024, indianretailer.com
  Swiss Military, a renowned global brand recognized for precision and quality, has announced substantial financial growth for Q1 FY 24-25, reflecting its strong position in the retail market in India. The company reported consolidated revenue of Rs 4638.86 lacs and a profit before tax of Rs 232.43 lacs, marking a significant increase compared to the same period in FY 23-24…
• How India’s Retail Market is Diversifying Amid $1.4 Trillion Growth
  16 August 2024, indianretailer.com
  The Indian retail market is experiencing remarkable growth, with projections indicating that it will surpass $1.4 trillion by 2027. This surge positions India as one of the fastest-growing retail markets globally…
• Top 10 Washing Machine Brands in India: Curated list (2024)
  16 August 2024, indianretailer.com
  One of the mindless and hardworking chores is to wash clothes every day! Looking for a simpler, less time-consuming way? There are numerous washing machine brands in India that can be of great assistance…
• 69 Million Units Smartphones Shipped in 1H24 – What It Means for India’s Retail
  16 August 2024, retail.economictimes.indiatimes.com
  The Indian smartphone market is a dynamic and rapidly evolving landscape, reflecting broader trends in consumer behavior, technological advancements, and global economic shifts. The first half of 2024 has showcased these dynamics vividly, with the market experiencing notable growth despite ongoing challenges…
• Humanscale Introduces ‘Perfect Workstation’ in India to Meet Growing Demand for Ergonomic Solutions
  16 August 2024, indianretailer.com
  New York-based Humanscale, a leading designer and manufacturer of ergonomic products, has launched its ‘Perfect Workstation’ in India, targeting the country’s growing demand for ergonomic office and home workstations…
• Allied Blenders and Distillers Reports Strong Profitability Growth in Q1FY25
  16 August 2024, indianretailer.com
  Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has released its financial results for the first quarter of fiscal year 2025 (Q1FY25). Despite a challenging retail environment in India, the company reported a significant improvement in profitability, reflecting strategic brand decisions and cost-saving measures…
• Omaxe posts net loss of Rs 146.98 crore in Q1 FY25
  14 August 2024, realty.economictimes.indiatimes.com
  Omaxe’s net consolidated total income stood at Rs 385.23 crore in Q1 FY25, a growth of 74.43 per cent from Rs 220.85 crore it recorded in the similar quarter last year…
• Snitch Expands Retail Footprint with New Flagship Store in Pune
  14 August 2024, indianretailer.com
  Snitch has announced the opening of its new flagship location, the NIBM Tribeca Store, situated at NIBM Annexe, Opp. Nine Hill, Mohammed Wadi, Pune, Maharashtra. This store marks a key development in Snitch’s strategic expansion plan to strengthen its physical retail presence across India…
• Chai Sutta Bar Increases Presence in Bengaluru with More Outlets
  14 August 2024, indianretailer.com
  Chai Sutta Bar has expanded its footprint in Bengaluru with the opening of two new outlets. This move aligns with the brand’s strategy to enhance its presence in South India, where it has received strong support from tea enthusiasts…
• Art of Time Expands Luxury Watch Presence with Panerai Boutique Acquisition in Mumbai
  14 August 2024, indianretailer.com
  Art of Time has officially acquired the Panerai boutique at Palladium Mall, Mumbai. This strategic move is part of Art of Time’s broader effort to strengthen its retail footprint and cater to a growing demographic of affluent consumers in Central Mumbai…
• Enza Home Expands into India with New Showroom on MG Road
  14 August 2024, indianretailer.com
  Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi…
• How Numero Uno is Aggressively Expanding into India’s Tier II and III Cities
  14 August 2024, indianretailer.com
  When it comes to Indian denim, Numero Uno has long been the kingpin, reigning supreme since 1987. But as the fashion landscape evolves, even the most iconic brands must keep pace with the times…
• TELEFUNKEN Teams Up with Bradford to Revolutionize Retail in India
  14 August 2024, indianretailer.com
  The heritage German consumer electronics and industrial goods brand, TELEFUNKEN, is excited to announce its strategic licensing representation partnership for the Indian market with Bradford License India, a premier licensing agency…
• KAI India Expands Manufacturing Capacity at Neemrana Plant
  14 August 2024, indianretailer.com
  KAI India has announced a major expansion of its manufacturing operations at its Neemrana plant, aimed at significantly increasing its production capacity for women’s razors…
• India’s Baby Retail Titan FirstCry Goes Public with a Bang
  14 August 2024, indianretailer.com
  FirstCry, the dominant omnichannel player in baby and maternity products retail, has taken a significant step forward by announcing its public listing, marking a major milestone in its 14-year history…
• B2B vs B2C Marketing: Understanding the Key Differences
  14 August 2024, indianretailer.com
  Do you have the question of why marketing strategies are so different from one company to another? The one that sells to business customers only, and the one that sells directly to consumers? Retailers and those who are planning to enter the field must understand the differences between B2B and B2C marketing to be successful…
• Wholsum Foods Expands Reach with Integration into ONDC Network
  14 August 2024, indianretailer.com
  Wholsum Foods, the parent company behind popular brands Slurrp Farm and Mille, has officially joined the Open Network for Digital Commerce (ONDC) Network…
• India Introduces Diamond Imprest Licence to Support MSME Gem and Jewellery Exporters
  14 August 2024, indianretailer.com
  At the 40th edition of the India International Jewellery Show (IIJS) 2024, held at the Bombay Exhibition Centre in Goregaon, Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, announced the introduction of the Diamond Imprest Licence…
• Hy-Vee Expands India Operations with New Bengaluru Office
  14 August 2024, indianretailer.com
  Hy-Vee, Inc., a prominent retail grocery conglomerate based in West Des Moines, Iowa, has announced the expansion of its operations in India with a move to a new office in Bangalore…
• Kay Beauty’s Hydra Crème Lipsticks Break Sales Records in Debut Launch
  14 August 2024, indianretailer.com
  Kay Beauty, the acclaimed beauty brand co-founded by Katrina Kaif in collaboration with Nykaa, has announced the exceptional success of its newest launch: the Hydra Crème Lipsticks…
• VAHDAM India Welcomes Akanksha Srivastava Byrnes as New Senior VP of Marketing
  14 August 2024, indianretailer.com
  VAHDAM India, a leading global wellness brand renowned for bringing India’s finest teas and spices to the world, has announced the appointment of Akanksha Srivastava Byrnes as the Senior Vice President of Marketing…
• KIKO Milano Launches on Tira as Reliance Retail Expands Beauty Portfolio
  14 August 2024, indianretailer.com
  Reliance Retail, led by Mukesh Ambani and Isha Ambani, has solidified its position in the Indian beauty sector through the strategic acquisition of KIKO Milano, a prominent Italian cosmetics brand…
• Kalyanamm Launches in Indian Market with Eco-Friendly Pooja Essentials
  14 August 2024, indianretailer.com
  Kalyanamm, a direct-to-consumer (D2C) brand from Holy Waste, has officially launched in the Indian sustainability market with its innovative “flower cycling” approach. The brand introduces a unique range of eco-friendly pooja essentials meticulously crafted from recycled holy waste…
• Clovia Plans 300 New EBOs; Boosts Distribution with Quick Commerce Investment
  14 August 2024, irecwire.com
  In April 2022, Clovia began a new chapter by partnering with Reliance. Now, more than two years later, the journey has had its ups and downs, but overall, it has been a positive experience…
• Bakery Industry: Growth, Innovations and Future
  14 August 2024, irecwire.com
  With a predicted value of $15.5 billion in 2023 and a compound annual growth rate (CAGR) of 6.3% from 2024 to 2035, the global market for baking ingredients is expected to reach $32.1 billion by that time. ..
• La Gioia Brings Authentic Southern Italian Dining to Bangalore
  14 August 2024, indianretailer.com
  La Gioia – Ristorante Italiano by Buono Eats has opened its doors in Indira Nagar, Bangalore, offering a unique dining experience that captures the true essence of Southern Italy…
• Pune’s Registered Transactions Jump 50% YoY In June Quarter
  13 August 2024, rprealtyplus.com
  Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards…
• Lucknow Has Highest Gross Leasable Area Of Shopping Malls Across 21 Tier 2 Cities
  13 August 2024, rprealtyplus.com
  According to Knight Frank India’s research report Lucknow has the highest gross leasable area (GLA) of shopping centres across the 21 Tier 2 cities in the country. Recently, Knight Frank India conducted a primary survey of 340 shopping centres across 29 Indian cities, including 21 Tier 2 cities such as Lucknow…
• Reliance Retail gets over Rs 14k cr from parent to expand presence
  13 August 2024, retail.economictimes.indiatimes.com
  Reliance Industries has invested approximately ₹14,839 crore into Reliance Retail as debt over the last fiscal year, marking the largest financial support in a decade. This investment supports Reliance Retail’s expansion into smaller towns and new store formats, with a total of ₹19,170 crore invested, including ₹4,330 crore in equity. The company has also accelerated the repayment of bank loans, possibly in preparation for a future IPO, though no formal announcement has been made. Reliance Retail’s overall debt has risen to ₹81,060 crore, reflecting the significant funding from its parent company…
• Brands bet big on influencers to stay active, virtually
  13 August 2024, retail.economictimes.indiatimes.com
  Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India’s influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement…
• ETRetailCafe: Kishore Biyani on tracking consumer behaviour, role of tech and more
  13 August 2024, retail.economictimes.indiatimes.com
  Retail mogul Kishore Biyani shares how consumer behaviour is changing, evolving retail concepts and a lot more with ETRetail…
• DOMS Industries Q1 profit rises to Rs 54.3 crore
  13 August 2024, retail.economictimes.indiatimes.com
  DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market…
• Landmark Group appoints Shashi Gumma as MD and CEO for SPAR Hypermarket
  13 August 2024, retail.economictimes.indiatimes.com
  Landmark Group named Shashi Gumma as the managing director and CEO for SPAR Hypermarket. Gumma expressed excitement about enhancing shopper experiences. With 25 years in retail, he previously served as COO for Metro Wholesale India and CEO for More Supermarkets. SPAR operates over 13,900 stores across 48 countries, retailing various products…
• Yes Madam goes omnichannel; eyes 20 pc revenue from offline by this fiscal end
  13 August 2024, retail.economictimes.indiatimes.com
  Currently, the brand has an online presence in 56 cities, however, it gets 85 per cent of its business from cities like Delhi/ NCR, Mumbai, Hyderabad, Pune, and Bengaluru…
• Consumer shift to premium products drives India’s electronics market growth
  13 August 2024, retail.economictimes.indiatimes.com
  The consumer electronics market in India saw a significant shift towards premium products in the first half of 2024. While value sales increased by 11% in offline retail, unit sales remained almost flat, highlighting a trend where consumers prioritize feature-rich, high-end products. Online sales also grew, outpacing offline growth…
• Myntra increases focus on Gen Z, appoints Amit Mahajan to lead FWD
  13 August 2024, retail.economictimes.indiatimes.com
  Mahajan will help the company develop innovative merchandising approaches to attract Gen Z consumers. Mahajan has also held the position of senior vice-president and business head at apparel and accessories brand Bewakoof…
• Enza Home Expands into India with New Showroom on MG Road
  13 August 2024, indianretailer.com
  Enza Home, a globally recognized name in home furnishings, has entered the Indian market with the opening of its first showroom on MG Road, New Delhi. This expansion marks a key step in Enza Home’s strategy to introduce its refined and innovative furniture collections to Indian consumers…
• Gokyo Expands Footprint with New Store Launch in Nashik
  13 August 2024, indianretailer.com
  Gokyo, a rising star in India’s adventure apparel and gear industry, proudly announced the grand opening of its newest store in Nashik on 10th August 2024…
• DriveX Expands with 7th Company Store in Coimbatore
  13 August 2024, indianretailer.com
  DriveX, India’s pioneering and largest fully integrated platform for refurbished two-wheelers, proudly announces the grand opening of their latest company-owned showroom in Sulur, Coimbatore…
• Top 10 Popular Pizza Brands in India [2024]
  13 August 2024, indianretailer.com
  The word pizza was first discovered in 997 AD. Pizza is an Italian dish typically consisting of a flat base of leavened wheat-based dough topped with tomato, cheese, and other ingredients, according to a Latin manuscript from the southern Italian town of Gaeta, in Lazio, on the border with Campania…
• White Hanger Opens Shop at Omaxe Chowk
  13 August 2024, indianretailer.com
  Omaxe Chowk, a leading retail destination in Chandni Chowk, Delhi, has further expanded its portfolio with the launch of White Hanger, a well-known clothing store specializing in party and wedding attire…
• The Future of Digital Grocery: Five Strategic Recommendations for Profitability & Growth
  13 August 2024, indianretailer.com
  In an era where digital transformation is reshaping every industry, the grocery sector is no exception. To stay competitive and profitable, grocers must navigate the complexities of digital commerce with a customer-centric approach…
• boAt Hits 5 Cr Milestone with ‘Made in India’ Products
  13 August 2024, indianretailer.com
  In a significant development for the retail industry in India, boAt, the country’s leading audio wearables brand, has crossed the 5-crore mark in ‘Made in India’ products…
• WOW Skin Science Unveils Revolutionary Onion and Collagen Haircare Line
  13 August 2024, indianretailer.com
  WOW Skin Science, a prominent name in the beauty and wellness industry, has introduced its latest innovation in haircare: the new and improved Onion + Collagen Anti-Hair Fall range…
• Portronics Enters Vacuum Cleaner Market with Launch of Mopcop
  13 August 2024, indianretailer.com
  India’s beloved gadget brand, Portronics, is making a significant move into the home appliance sector with the launch of its latest product, the Mopcop vacuum cleaner. Designed to bridge the gap between traditional brooms and high-end, bulky cleaning appliances, the Mopcop offers an efficient, affordable solution for households looking for an upgrade…
• The Rise of Value Retail
  13 August 2024, irecwire.com
  The days of luxury and premium brands ruling the Indian market are fading fast. Now, it’s all about affordable, trendy fashion that’s capturing the hearts of millions…
• NCLT approves Oberoi Constructions’ acquisition of Nirmal Lifestyle Realty
  12 August 2024, realty.economictimes.indiatimes.com
  The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate insolvency resolution process (CIRP) in December 2021 with claims amounting to over Rs 748 crore…
• Signature Global cuts net debt by 16% to Rs 980 crore in Q1 FY25
  12 August 2024, realty.economictimes.indiatimes.com
  “The company aims to keep net debt below 0.5 times of the projected operating surplus for the ongoing financial year, as a long term discipline,” the presentation said…
• Pilgrim to expand offline presence; eyes 35 pc revenue from offline by this CY end
  12 August 2024, retail.economictimes.indiatimes.com
  Currently, the brand has a presence across 4,000 GT and MT stores across 200 cities with 1,100 beauty advisor counters. It also boasts of 5 EBOs in Mumbai, Nashik, Chennai, Hyderabad, and Mohali…
• Honasa expects Rs 1,000 cr annual revenue run rate from The Derma Co in next 3-5 years
  12 August 2024, retail.economictimes.indiatimes.com
  Honasa Consumer expects its skin care brand The Derma Co to reach an annual revenue run rate of Rs 1,000 crore in next three to five years, according to the FMCG maker’s latest annual report. Besides, the company also expects its other skin care brand Aqualogica and hair care brand Dr. Sheth’s to enter the Rs 500-crore ARR (annual revenue run-rate) club and BBLUNT to reach Rs 250 crore ARR by then…
• House of Neeru’s forays into jewellery segment, launches new brand Tyohaar
  12 August 2024, retail.economictimes.indiatimes.com
  In the next 18 months, it plans to open 6-7 stores in states like Telangana, Hyderabad, and Bengaluru…
• Mamaearth parent Honasa to discontinue ayurvedic beauty brand Ayuga
  12 August 2024, retail.economictimes.indiatimes.com
  In the presentation, Honasa said Ayuga was launched to introduce ayurvedic beauty products in modern formats for Indian millennials back in December 2021. The brand was revamped two years later, based on consumer feedback, it added. However, the brand failed to get any traction despite the changes. Ayuga was an online only brand…
• Monster Beverage misses quarterly sales estimates as economic fears slow demand
  12 August 2024, retail.economictimes.indiatimes.com
  Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment…
• Kai Group to invest 300 million yen to expand manufacturing facility in Rajasthan
  12 August 2024, retail.economictimes.indiatimes.com
  Japan-based Kai Group is set to invest 300 million yen in its Neemrana, Rajasthan facility to increase production capacity of women’s razors by over 5 million units per year. This move supports their ‘make in India’ initiative and is expected to be operational by December 2024, meeting rising market demand…
• FMCG, consumer durable players target 40% growth this festive season
  12 August 2024, thehindubusinessline.com
  Makers who witnessed a muted growth in H1 owing to general elections are expecting recovery with higher growth in H2 Fast-Moving Consumer Goods (FMCG) and White goods makers are expecting a 40 per cent growth in sales this festive season…
• Dyson expands retail presence in India, launches flagship Demo Store in Lucknow
  12 August 2024, knocksense.com
  Excitement is brewing in Lucknow as Dyson opens its inaugural Demo Store, marking the brand’s debut in the city. Lucknowites, it’s time to explore and experience the latest in smart home technology, including sleek, cord-free vacuums, sophisticated air purifiers, and high-tech hair dryers and more…
• Honasa Consumer’s Q1 Profit Surges 63 Pc to Rs 40.25 Cr; Sales Rise 19 Pc to Rs 554 Cr
  12 August 2024, indianretailer.com
  Honasa Consumer Ltd, renowned for its popular FMCG brands such as Mamaearth and The Derma Co, has reported a robust financial performance for the first quarter of the fiscal year ending June 2024. According to a regulatory filing released on Friday, the company has achieved a significant 62.9 percent increase in its consolidated profit after tax (PAT), which now stands at Rs 40.25 crore…
• Samsung Unveils Premium Experience Store at Ambience Mall, Vasant Kunj
  12 August 2024, indianretailer.com
  Consumer electronics, Samsung has unveiled a new premium experience store at Ambience Mall in Vasant Kunj, New Delhi, according to a company announcement made recently…
• Why Offline Retailers Are Key to India’s MSME Boom
  12 August 2024, retail.economictimes.indiatimes.com
  For years, offline retail has served as a vital component of local communities. MSMEs (Micro, Small, and Medium Enterprises) are intricately woven into the fabric of Indian commerce. These brick-and-mortar businesses are a testament to the enduring spirit of entrepreneurship and their unwavering commitment to serving their communities…
• Varun Dhawan Becomes the Face of Walkaroo
  12 August 2024, indianretailer.com
  Walkaroo, India’s one of leading footwear brand has announced Bollywood actor Varun Dhawan as its new brand ambassador and is set to launch an ambitious integrated marketing campaign to highlight its extensive range of products…
• Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges
  12 August 2024, indianretailer.com
  The rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
• EatFit and Moderate Join Forces to Expand Healthy Product Offerings Across India
  12 August 2024, indianretailer.com
  EatFit, India’s largest healthy food platform under Curefoods, has announced an exclusive partnership with Moderate, a leader in lifestyle nutritional products. This collaboration will see EatFit distributing Moderate’s innovative offerings, including the popular Moderate-Carb, Calorie & Sugar Cutter, and Moderate-Happy Gut Probiotic Powder, across its platforms and affiliated brands…
• Minimalist Expands Skincare Line with New Science-Backed Baby Care Range
  12 August 2024, indianretailer.com
  Minimalist, one of India’s leading science-backed skincare brand, has unveiled its expansion into the baby care category with the launch of Minimalist Pediatrics. This new line brings the brand’s effective and transparent skincare solutions to a broader audience, with products designed specifically for the delicate skin of babies…
• French Patisserie Brand Laduree Enters Pune
  12 August 2024, indianretailer.com
  Ushering in a slice of Parisian style to the fast-growing metropolis of Pune, Ladurée, the world-renowned French patisserie brand, has launched its café at The Ritz-Carlton, Pune…
• Qmin Opens at Westside in Bengaluru’s Electronic City Offering a Blend of Shopping and Dining
  12 August 2024, indianretailer.com
  Qmin has officially opened its doors at Westside in Electronic City, Bengaluru, offering customers a unique experience that combines shopping with culinary delights…
• Lenskart Launches Harry Potter-inspired Eyewear Collection with Warner Bros. Discovery
  12 August 2024, retail.economictimes.indiatimes.com
  Lenskart has announced the debut of its Harry Potter-inspired eyewear collection, created in collaboration with Warner Bros. Discovery Global Consumer Products. This new line of eyeglasses brings the enchantment of the Harry Potter series to fans, offering a unique way to celebrate their favorite magical moments…
• Brigade Achieved Pre-Sales Of Rs 1086 Cr In Q1 FY25
  10 August 2024, rprealtyplus.com
  Brigade Group reported a total revenue of Rs 1,113 Crores and Profit After Tax of Rs 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of Rs 1086 Crores. Average realisation stood at Rs 9,483 per Sft…
• Signature Global Q1 FY25 Revenue Grows 135% YoY
  10 August 2024, rprealtyplus.com
  Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135% to INR 4.0 billion compared to INR 1.7 billion in Q1 FY24…
• Colliers India facilitates deal between Incuspaze & Bhutani Infra
  10 August 2024, rprealtyplus.com
  Incuspaze, India’s leading flexible workspace provider, today announced a major expansion in North India through a strategic partnership with Bhutani Infra, India’s leading real estate company renowned for its role in urban township development and city evolution…
• NITCO Ltd Sold 4 Acre Land Parcel For Rs 232 Cr To Runwal
  10 August 2024, rprealtyplus.com
  NITCO Limited, a leading name in the tile manufacturing industry, has sold a prime land parcel located in Kanjurmarg East to Runwal for Rs. 232 Cr. The land parcel, spanning 16,250 square meters or 4 acres, is a strategic asset with significant potential…
• DLF appoints Mahender Singh as independent director
  10 August 2024, realty.economictimes.indiatimes.com
  In a regulatory filing, the company informed that the board of directors approved, the appointment of Mahender Singh as an independent director for a period of five consecutive years with effect from August 7, 2024…
• The Phoenix Mills acquires 9.03 acres land in Coimbatore for Rs 370.17 crore
  10 August 2024, realty.economictimes.indiatimes.com
  Shishir Shrivastava, managing director of The Phoenix Mills said, “We are pleased to announce our acquisition in Coimbatore for a greenfield retail development project.”..
• Blackstone to sell 33 crore units in Nexus Select Trust for nearly Rs 4,500 crore
  10 August 2024, realty.economictimes.indiatimes.com
  According to sources, Blackstone plans to sell 33 crore units in Nexus Select Trust at a floor price of Rs 135 apiece. Block deal is likely to happen on Friday. Blackstone intends to monetise its investment through this block deal…
• Kolte-Patil Developers’ net profit dips 86.72% in Q1 FY25
  10 August 2024, realty.economictimes.indiatimes.com
  Kolte-Patil Developers’ net consolidated total income stood at Rs 350.29 crore in Q1 FY25, a dip of 39.45 per cent from Rs 578.51 crore it recorded in the similar quarter last year…
• Xiaomi, Vivo, Realme and Oppo in high demand: Indians lapping up Chinese brands despite intense scrutiny
  10 August 2024, retail.economictimes.indiatimes.com
  China’s Xiaomi was examined by Indian government agencies over alleged foreign exchange violations in 2022, which coincided with a large proportion of its top leadership changing. The company ceded its No. 1 spot in the December quarter of 2022 to Samsung, eventually sliding to fourth. But by the June quarter this year, Xiaomi was back at the top on the back of an aggressive expansion in offline retail. Vivo is another Chinese company that has faced investigations over allegations of tax violations and money laundering…
• Trent Q1 profit rises two-fold; revenue at Rs 4,104 crore
  10 August 2024, retail.economictimes.indiatimes.com
  Trent has been steadily expanding its youth-focused and low-priced brand Zudio, opening sixteen new outlets during the quarter and six new Westside stores, its more premium brand. Its revenue rose more than 56% to Rs 4,104 crore in the April-June period, its thirteenth straight quarter of revenue growth…
• Uniqlo India profit jumps 25%, sales growth declines
  10 August 2024, retail.economictimes.indiatimes.com
  Uniqlo’s sales growth in India slowed to 32% last fiscal year, but its net profit increased by 25%. The company reported a net profit of ₹85.1 crore with revenues totaling ₹824 crore for FY24. Despite a tough market, Uniqlo aims to expand by introducing smaller stores in both existing and new cities in India…
• Domino’s India operator Jubilant FoodWorks reports two-fold surge in Q1 profit
  10 August 2024, retail.economictimes.indiatimes.com
  Persistently high inflation has been prompting consumers to pare back spending on dining out or ordering in. India’s retail inflation hovered around 5% throughout the quarter amid high food prices, increasing cost pressure on the quick-service restaurant sector…
• Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19%
  10 August 2024, retail.economictimes.indiatimes.com
  Mamaearth parent Honasa Consumer on Friday reported a 63% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2024, to Rs 40 crore versus Rs 24 crore reported in the corresponding quarter of the last financial year…
• High festive sales pitch sets tempo for temp hiring; demand to surge 15-20% YoY
  10 August 2024, retail.economictimes.indiatimes.com
  The festive season is set to generate 600,000-700,000 temporary jobs across various industries, with a 15-20% increase in demand for such positions compared to last year. This surge in temporary hiring is driven by expected increases in consumer spending, a recovering rural economy, and a vibrant stock market…
• Restaurant Brands beats quarterly revenue estimates on Tim Hortons boost
  10 August 2024, retail.economictimes.indiatimes.com
  Tim Hortons, like Yum Brands’ Taco Bell, has bet on regular menu refreshes such as in cold beverages and quick bites to attract more customers. The brand, which accounted for nearly half of the parent’s revenue in the quarter, reported same-store sales growth of 4.6%, ahead of expectations for a 4.3% increase…
• Heads Up For Tails eyes 10% share in the Indian pet care market by FY25; aims to be a Rs 500 crore brand by 2026
  10 August 2024, retail.economictimes.indiatimes.com
  Heads Up For Tails (HUFT) is targeting a 10% share in the Indian pet care market by FY 2024-25, with a focus on pet health and nutrition. This fiscal year, HUFT is on an upward trajectory, generating a revenue of Rs 56 crore in the first quarter. Pet food, pet lifestyle, and pet grooming have majorly contributed to the overall sales, it said…
• Godrej Appliances aims to be amongst top three players in 3 years
  10 August 2024, thehindubusinessline.com
  We are expecting a 40 per cent year-on-year growth in this festive season, backed by new product launches: Executive V-P Kamal Nandi Godrej Appliances is aiming to be amongst the top three players in the home appliances industry in the next three years…
• Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
  10 August 2024, retail.economictimes.indiatimes.com
  At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal…
• India’s wearable device market sees first ever decline; falls by 10% YoY Q2 2024
  10 August 2024, retail.economictimes.indiatimes.com
  India’s wearable market saw a 10% decline in Q2 2024, with total shipments falling to 29.5 million units. Smartwatch demand decreased significantly, contributing to the overall dip. Earwear sales remained stable. Brands prioritized clearing old inventory and are expected to launch new models during the festive season. Analysts anticipate annual smartwatch shipments to drop by 10% in 2024…
• Samsung Expands Retail Presence in India with New Experience Store at Ambience Mall, New Delhi
  10 August 2024, indianretailer.com
  Samsung has launched a new premium experience store at Ambience Mall in New Delhi’s Vasant Kunj. This store is designed to be a comprehensive retail destination, combining sales, customer service, and immersive consumer experiences under one roof…
• Cellecor Gadgets Expands Retail Presence in India with New Stores in Mizoram and New Delhi
  10 August 2024, indianretailer.com
  Cellecor Gadgets Limited, a leading name in India’s consumer durables sector, has announced the opening of two new Exclusive Brand Stores, one in Mizoram and the other in New Delhi…
• PMJ Jewels Expand Retail Footprint in India with Two New Stores in Bengaluru
  10 August 2024, indianretailer.com
  PMJ Jewels has launched two new retail outlets in Bengaluru. These stores, located at Novel MSR Park in Marathahalli and Phoenix Market City Mall, mark the brand’s 36th and 37th stores in South India and the 5th and 6th in Bengaluru, underscoring PMJ’s aggressive expansion strategy within India’s retail sector…
• Gokyo Expands Retail Presence in India with New Adventure Gear Store in Nashik
  10 August 2024, indianretailer.com
  India’s retail market for adventure apparel and gear is witnessing significant growth, with Gokyo emerging as a promising brand that blends style with functionality. Gokyo has announced the opening of its latest store in Nashik, following the successful launch of its first outlet in Bengaluru…
• Flyrobe Expands into Agra with Latest Store Launch
  10 August 2024, indianretailer.com
  Flyrobe, a leading fashion rental platform, has announced the opening of its new store in Agra, further strengthening its presence in the Indian market…
• Novamax Strengthens Market Reach with New Gorakhpur Manufacturing Hub
  10 August 2024, indianretailer.com
  Novamax Appliances, a leading home appliance brand, has announced plans to establish a new manufacturing facility in Gorakhpur, aiming to meet the increasing demands in Nepal, Bengal, Jharkhand, and Bihar. This strategic expansion will further solidify Novamax’s presence in these key markets…
• OOTD PRETH Celebrates Grand Opening of New Outlet in East Delhi
  10 August 2024, indianretailer.com
  OOTD PRETH, a prominent brand in Indian wear, has officially launched its second outlet in Karkardooma, East Delhi. The grand opening ceremony, which took place on July 11, 2024, at 12 PM, was a highly anticipated event that drew over 500 influential personalities from East Delhi, making for an evening filled with glamour and celebration…
• Mokobara Expands Retail Presence with New Store in Gurugram
  10 August 2024, indianretailer.com
  Travel and lifestyle brand Mokobara has opened its 12th retail store in India, continuing its expansion into physical retailing. The new store, located in DLF Cyber City, Gurugram, marks the brand’s second outlet in the city…
• Global Influences: How Indian Consumers are Driving the Shift Towards International Furniture Trends
  10 August 2024, indianretailer.com
  The Indian furniture market is undergoing a remarkable transformation, driven by evolving consumer preferences and global influences. As we witness this shift, it’s clear that the industry is not just growing—it’s reinventing itself to meet the sophisticated demands of a new generation of consumers…
• FirstCry Parent Brainbees IPO Oversubscribed by 12.22x on Final Day
  10 August 2024, indianretailer.com
  The initial public offering (IPO) of Brainbees Solutions, the parent company of e-commerce platform FirstCry, was oversubscribed 12.22 times on the final day of bidding, Thursday…
• Heads Up For Tails Launches ‘Hearty’: A Revolutionary Dry Pet Food Line
  10 August 2024, indianretailer.com
  In response to the rapidly growing demand for high-quality pet food in India, Heads Up For Tails (HUFT), a renowned brand in the pet care industry, has launched “Hearty,” an innovative dry food product poised to capture a significant share of the $800 million Indian pet nutrition market…
• Top 10 Strong Coffee Brands Dominating the Indian Market
  10 August 2024, indianretailer.com
  Coffee is one of the leading beverage industries in India. Some like it to be smooth, while others want to have a stronger aroma of coffee. The revenue for the coffee industry in India is estimated to reach $30.09 million by the end of 2024…
• Honasa Consumer Ltd Reports Strong Growth and Strategic Developments
  10 August 2024, indianretailer.com
  Honasa Consumer Ltd has announced its financial performance for the quarter ending June 30, 2024. The company achieved a 20.3 percent increase in product business growth, accompanied by a 25.2 percent rise in underlying volume growth (UVG)…
• The Chapter Expands Luxury Real Estate Portfolio in Goa with New Aldona Project
  10 August 2024, indianretailer.com
  Blending aesthetics and lifestyle, The Chapter, a luxury real estate brand in India, continues to shape the retail and residential market with its unique approach to high-end living spaces…
• Timex Celebrates 170 Years of Watchmaking Excellence
  10 August 2024, indianretailer.com
  Timex, a renowned watchmaking brand, is marking its 170th anniversary by celebrating a legacy of crafting durable and beloved timepieces designed to last a lifetime. Since its establishment in 1854, Timex has proudly embodied the spirit of American ingenuity, revolutionizing the centuries-old watchmaking industry by creating quality, accessible watches, and establishing a legacy of innovation…
• Page Industries Sees Revenue Increase in Q1 FY25 as E-Commerce Expands
  10 August 2024, indianretailer.com
  Page Industries Limited, India’s leading apparel manufacturer, announced its financial results for the first quarter ending June 30th, 2024. The company’s performance highlights a steady growth trajectory, driven by retail expansion and ongoing investments in digital and e-commerce platforms across India…
• India’s E-lifestyle Market to Triple by 2028, Reach $45 Bn!
  10 August 2024, indianretailer.com
  India is rapidly becoming a key market for global lifestyle brands, with 90 percent of the top 50 international brands now operating in the country…
• Raymond’s Technological Leap: AI, Omnichannel Strategies, and the Future of Retail
  10 August 2024, indianretailer.com
  Raymond, a brand synonymous with quality and heritage in India, is not just resting on its laurels. The company has embarked on a technological revolution, integrating AI and omnichannel commerce to ensure that it stays..
• New Era Cap Partners with Metro Brands to Expand Retail Footprint in India
  10 August 2024, indianretailer.com
  New Era Cap, the New York-based headwear brand, has entered into a long-term licensing agreement with Metro Brands Limited (MBL), one of India’s largest footwear and accessories retailers…
• Decoding the eCommerce Matrix: Unveiling the ‘Whys’ Behind Success and Challenges
  10 August 2024, indianretailer.com
  KeystoneThe rapid growth of eCommerce in recent years has created a situation where competition is fierce. In this highly competitive market, understanding the eCommerce matrix is crucial for brands who want to succeed…
• India’s Lifestyle Market Set to Hit $210 Bn by 2028 with 22 pc Online Growth
  10 August 2024, indianretailer.com
  India’s lifestyle market, currently valued at a staggering $130 billion, is on its way to a significant transformation. Fashion dominates this market, accounting for approximately 80 percent, with beauty and personal care (BPC) making up the remainder…
• Keystone Realtors Q1FY25 Pre-Sales Of Rs 611 Cr Reflects 22% YoY Growth
  07 August 2024, rprealtyplus.com
  Keystone Realtors (Rustomjee Group) released its Q1FY25 Results. The company has reported a pre-sale of Rs 611 Cr, Collections Rs 485 Cr and Operating Cash Flows Rs 108 Cr…
• Brigade Enterprises posts Rs 80.53 crore profit in Q1 FY25
  07 August 2024, realty.economictimes.indiatimes.com
  Brigade Tetrarch, a wholly owned subsidiary of the company, entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million sq ft leasable office space on Airport Road, NH 44, Bengaluru…
• Government Revises LTCG Indexation On Real Estate
  07 August 2024, rprealtyplus.com
  The government has moved an amendment to the Finance Bill, 2024, to let taxpayers select either a 12.5% longterm capital gains tax rate without indexation or a 20% rate with indexation for property acquired before July 23…
• Gautam Adani To Step Down From Infrastructure Conglomerate In 8 Years
  07 August 2024, rprealtyplus.com
  Adani Group chairman Gautam Adani, 62, plans to step down from the infrastructure conglomerate he founded in 1988 at the age of 70 and transfer control to his two sons and two nephews in the early 2030s…
• Brigade Group Announces New Commercial Development on Airport Road
  07 August 2024, rprealtyplus.com
  Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space…
• Shaping the future of Home Appliances with innovation and tech – with Kamal Nandi, Godrej Appliances
  07 August 2024, retail.economictimes.indiatimes.com
  In conversation with ETRetail’s Anurag Sharma, Godrej Appliances’ business head and executive vice president Kamal Nandi shares his insights on the consumer appliances industry, challenges faced and the opportunities that lie ahead for the new businesses. In today’s fast-paced world, innovation and technology are constantly shaping various industries, and the home appliances sector is no exception. This podcast highlights the significant role that innovation and technology play in shaping the future of home appliances.From smart and sustainable devices to interconnected homes, consumers can look forward to a future where our appliances not only make our lives easier but also contribute to a more sustainable and efficient lifestyle…
• Flipkart’s quick commerce service ‘Minutes’ goes live in Bengaluru
  07 August 2024, retail.economictimes.indiatimes.com
  Across areas like Belandur, HSR, Flipkart Minutes is delivering grocery, electronics, smartphones and other products within 8-16 minutes. This marks Flipkart’s formal entry in quick commerce taking on Swiggy’s Instamart, Zomato’s Blinkit, Zepto and BigBasket’s BB Now…
• India’s Marico beats Q1 profit estimates on cooking, hair oil demand
  07 August 2024, retail.economictimes.indiatimes.com
  Marico consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter. Total revenue from operations increased 6.7% to 26.43 billion rupees, marking its biggest growth in more than two years. Revenue from India, which made up three-fourths of total revenue, climbed 7.4%…
• KFC India operator Devyani tops Q1 profit view as discounts drive demand
  07 August 2024, retail.economictimes.indiatimes.com
  To attract budget-conscious customers, KFC India operator Devyani International offered discounts and promotional offers such as chicken rolls at Rs 99 at its KFC outlets. The T20 Cricket World Cup and the coinciding school holidays also helped drive its sales…
• L’Oreal to acquire 10% stake in Swiss skin care company Galderma
  07 August 2024, retail.economictimes.indiatimes.com
  “It allows us to explore partnering in the fast-growing aesthetics market, a key adjacency to our own pure beauty play. We fully support Galderma’s management and its strategy respect its independence and are very confident in its long-term growth potential,” L’Oreal CEO Nicolas Hieronimus said of the stake purchase…
• Swiggy Instamart appoints Sairam Krishnamurthy as Sr Vice President & COO
  07 August 2024, retail.economictimes.indiatimes.com
  Quick commerce platform Swiggy Instamart has appointed Sairam Krishnamurthy as the Senior Vice President & Chief Operating Officer. Krishnamurthy will oversee Swiggy Instamart’s operating units, which include dark store operations, infrastructure operations, city growth and expansion, the company said on Monday…
• Snickers maker Mars explores acquisition of Kellanova, sources say
  07 August 2024, retail.economictimes.indiatimes.com
  This deal would be one of the biggest ever in the packaged food sector, given Kellanova’s market value of about $27 billion including debt, and test the appetite of regulators to allow consolidation in the sector…
• Multiplex, OTT players wary of extra burden from Karnataka entertainment cess
  07 August 2024, livemint.com
  The recent passage of the Karnataka Cine and Cultural Activists (Welfare) Bill, 2024, has left theatre owners and OTT players operating in the southern state worried…
• Ace turtle appoints three senior leaders
  07 August 2024, retail.economictimes.indiatimes.com
  Rahul Rajan has been appointed as chief business officer – retail of fashion brands, Agnes Raja George as AVP and business head of Wrangler and Central Planning; and Jitender Singh as AVP and business head of Lee, ace turtle announced in a media release on Monday…
• Motherson JV set to join Apple vendors’ family circle in India
  07 August 2024, retail.economictimes.indiatimes.com
  Motherson Group has joined Apple’s supply chain network in India in partnership with BIEL Crystal Manufactory. They will set up a manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This strategic move aims to diversify Motherson’s manufacturing focus beyond automotive components, leveraging Apple’s reduced dependency on Chinese producers…
• Amazon India head Manish Tiwary resigns
  07 August 2024, retail.economictimes.indiatimes.com
  “Manish Tiwary, Country Manager for Amazon India, has decided to pursue an opportunity outside of the company. Manish’s leadership over the last eight years has been instrumental in delivering for customers and sellers, making Amazon.in the preferred marketplace in India,” Amazon India statement said…
• VCs crowd deal street on quick commerce, D2C success
  07 August 2024, retail.economictimes.indiatimes.com
  Multiple new-age brands, aided by fast growth on quick commerce platforms like Blinkit, Zepto, and Instamart, are in the middle of raising new cash. The growth in scale has come from quick commerce, several people who know told us. These include kids gift brand Tuco Intelligent, bread maker The Health Factory and The Whole Truth…
• Bata India Q1 net profit jumps 63% to 174 cr, revenue dips 1.4% to Rs 944.63 cr
  07 August 2024, retail.economictimes.indiatimes.com
  “The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating the customer experience, by maintaining gross margins in the face of sluggish consumption momentum during the quarter,” said an earnings statement from the company…
• Raymond net profit from continuing operations rises 27 pc to Rs 57.04 cr in April-June
  07 August 2024, retail.economictimes.indiatimes.com
  Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in a regulatory filing…
• Compass India acquires 70% stake in food services company ICS Foods
  07 August 2024, retail.economictimes.indiatimes.com
  Compass India Food Services, a subsidiary of the British Compass Group Plc, has acquired a 70% stake in the Delhi-based ICS Foods Pvt Ltd. This acquisition marks Compass’s second major investment in the Indian market, targeting food and beverage catering services…
• Muthoot Exim Expands Retail Footprint with New Gold Point Centre in Thiruvananthapuram
  07 August 2024, retail.economictimes.indiatimes.com
  Muthoot Exim (P) Ltd the precious metal arm of the 137-year-old business conglomerate Muthoot Pappachan Group, announces the opening of its latest Gold Point Centre in Thiruvananthapuram. This new centre is the 2nd in Kerala and the 26th across India…
• Chai Sutta Bar Expands Presence with New Hyderabad Outlet
  07 August 2024, indianretailer.com
  Chai Sutta Bar has announced the launch of its new outlet in Hyderabad. Located at Building No. 17-1-382/R/9/2, RTC Colony, Saidabad, K V Ranga Reddy District, Champapet, Hyderabad-500035, this new outlet aims to bring the rich flavors of Indian chai to the city, offering residents and visitors a cozy atmosphere to enjoy their favorite tea blends…
• New Balance Expands Retail Footprint in India with New Store in Bengaluru
  07 August 2024, indianretailer.com
  New Balance, a rapidly growing sports brand, has opened its latest retail concept store on Brigade Road, Bengaluru. This move marks a significant step in the company’s strategic expansion under its newly established Indian subsidiary…
• 10Club Homes to Launch 30 New Stores Over the Next Two Years
  07 August 2024, indianretailer.com
  10Club Homes, a prominent retailer of home products and household accessories, is set to expand its physical retail presence with plans to open approximately 30 new stores over the next two years. This move is part of the brand’s strategy to enhance its direct-to-consumer (D2C) network…
• Azorte by Reliance Retail Unveils Third Thrilling Store in Bengaluru
  07 August 2024, indianretailer.com
  Azorte, the premium fashion and lifestyle store chain by Reliance Retail, has launched its third store in Bengaluru, located at Vega City Mall. This news was announced by Hari Krishnan, head of visual merchandising at Azorte…
• Marico Reports Steady Growth in Q1FY25 Across Domestic and International Markets
  07 August 2024, indianretailer.com
  In Q1FY25, Marico Limited reported revenue from operations of Rs 2,643 crore, reflecting a 7 percent year-on-year increase. The growth was driven by a 4 percent volume increase in the domestic business and a 10 percent constant currency growth in the international business…
• IMAX Debuts in Gujarat with New Theater
  07 August 2024, indianretailer.com
  PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
• Allcargo Group Names Ketan Kulkarni as Deputy MD of Gati Express and Supply Chain
  07 August 2024, indianretailer.com
  Allcargo Group, an India-born global logistics conglomerate, has appointed Ketan Kulkarni as Deputy Managing Director of Gati Express and Supply Chain Pvt. Limited, a material subsidiary of Allcargo Gati Limited…
• Mars Wrigley India Partners with CleanMax to Boost Renewable Energy and Sustainability Efforts
  07 August 2024, indianretailer.com
  Mars Wrigley India has announced a partnership with CleanMax, a leading provider of renewable energy solutions for the Commercial and Industrial (C&I) sector in Asia. This collaboration is aimed at advancing Mars Wrigley India’s sustainability goals by reducing carbon emissions and enhancing its renewable energy usage…
• Top 10 Largest Water Parks in India
  07 August 2024, indianretailer.com
  Largest water parks in India aren’t just about cooling off—they’re perfect for memorable business gatherings. These expansive parks offer thrilling rides, relaxing wave pools, and various attractions that make them ideal for corporate functions…
• 67 pc of Indians Turn to Global Shopping, 76 pc Trust International Quality
  07 August 2024, indianretailer.com
  India is at the forefront of a global cross-border shopping revolution, propelled by increasing consumer demand for superior quality and unique products from around the world…
• K-Beauty Goes Mainstream: How Laneige’s Retail Launch at Sephora India is a Game-Changer
  07 August 2024, indianretailer.com
  Hydration fans, brace yourselves; Laneige, the iconic Korean skincare brand that’s taken the world by storm, has landed at Sephora India. The brand has been available at different ecommerce websites until now…
• V-Mart Retail Q1 Net Profit at Rs 12.14 Cr; Revenue Up 15.8 Pc to Rs 786 Cr
  07 August 2024, indianretailer.com
  V-Mart Retail Ltd. has announced a notable financial turnaround for the first quarter ending June 2024, reporting a profit of Rs 12.14 crore. This represents a substantial recovery from the Rs 21.94 crore loss recorded in the same period the previous year, as detailed in a recent regulatory filing…
• VAHDAM India Aims to Redefine Global Wellness with Expansion, Sustainability, and Social Impact
  07 August 2024, indianretailer.com
  VAHDAM India, a home-grown wellness brand, offers the finest Indian teas and spices under a sustainable ethical brand, eliminating middlemen. Started in 2015 by then-23-year-old Bala Sarda, it is a vertically integrated brand that is disrupting the 200-year-old global supply chain, sourcing directly from 150 farms across India with its…
• Bakingo Sets Ambitious Vision to Become India’s Leading Bakery Brand
  07 August 2024, indianretailer.com
  Bakingo, starting from a cloud kitchen, has expanded to over 75 fulfillment centers across major cities in India. The brand has evolved significantly, expanding its product range to offer over 200 flavors and varieties across assortments…
• Adani Group Plans Entry In NCR With $1 Billion Bid for Jaypee’s Real Estate Assets
  05 August 2024, rprealtyplus.com
  Adani Enterprises Limited (Adani Group) plans to bid for the bankrupt Jaiprakash Associates Limited vast apartment complexes, villas and golf courses in the National Capital Region, making a grand entry into the country’s biggest property market through the insolvency court…
• Emami eyes 50% of top line from its acquired brands
  05 August 2024, retail.economictimes.indiatimes.com
  The acquired brands of Emami now contribute 45 per cent of the top line of the FMCG major and this could go past 50 per cent soon. In the report, Emami Vice-Chairman and Managing Director Harsha V Agarwal said when Emami acquired Zandu more than a decade-and-a half ago — in possibly the largest acquisition in the country’s personal care space — there was a question over whether it had paid too much. Emami acquired Zandu in late 2008 for Rs 750 crore…
• Myntra CEO Nandita Sinha to take over Flipkart Fashion as Arief Mohammad quits
  05 August 2024, retail.economictimes.indiatimes.com
  Flipkart’s fashion vertical head Arief Mohamad is set to exit the firm, with his role being taken over by Myntra chief executive Nandita Sinha, people in the know told ET…
• Curefoods’ Olio Pizza aiming to become a Rs 500 crore brand by 2026-end; plans entry into Dubai market
  05 August 2024, retail.economictimes.indiatimes.com
  Olio Pizza is a delivery-first cloud kitchen pizza brand under Curefoods which reached Rs 100 crore annual revenue rate (ARR) in 15 months, one of the fastest in consumption category, Ankit Nagori, founder of the company shared. By this year’s end, the company expects the pizza brand to reach 200 locations and achieve a Rs 200 crore annual revenue rate (ARR)…
• Emami’s new strategy has consumer at the centre
  05 August 2024, retail.economictimes.indiatimes.com
  Emami is graduating from being a seasonal and rural-focused company to a “perennial and universal” organisation and has been positioning itself by taking a consumer-centric approach, said vice- chairman and managing director Harsha V Agarwal…
• Changing consumer trends: Premium outperforms mass as ‘new’ India seeks quality of life
  05 August 2024, retail.economictimes.indiatimes.com
  Demand for premium products, including hair serums and fabric conditioners, has grown significantly in the last two years, driven by increasing affluence and changing consumer preferences. Companies like Hindustan Unilever and Mondelez India have seen notable growth in their high-end product sales, indicating a shift towards quality and convenience in consumer choices…
• E-commerce led by quick-commerce emerging as ‘high growth channel’ for FMCG companies
  05 August 2024, thehindubusinessline.com
  Companies such as Dabur India, Nestle India, Hindustan Unilever and Tata Consumer have reported high double-digit growth on e-commerce channel in their Q1 earnings…
• Delhivery to launch dark stores for D2C brands
  05 August 2024, retail.economictimes.indiatimes.com
  New-age logistics player Delhivery will launch a network of shared dark stores, or micro warehouses, targeted at direct-to-consumer (D2C) brands looking to fulfil local deliveries in a two to four-hour timeline, the company’s cofounder and chief executive Sahil Barua said in a post-earnings analysts call on Friday. These micro warehouses will be made available to companies on a shared basis…
• Snitch Launches Its 16th Store in Rajkot
  05 August 2024, indianretailer.com
  Bengaluru-based omnichannel fashion brand Snitch has proudly announced the opening of its 16th store in Rajkot, Gujarat. This exciting milestone was shared through a social media post by the company…
• Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years
  05 August 2024, indianretailer.com
  Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
• Top Luxury Handbag Brands In India
  05 August 2024, indianretailer.com
  India is known for its diverse tastes in style and fashion. And people don’t buy luxury only for comfort but to show their value in society, likewise, all luxury products including handbags are just a way of showing their richness and standards…
• 8 Best Single Malt Whisky Brands in India
  05 August 2024, indianretailer.com
  Single malt Scotch whisky stands as a testament to the art of whisky-making, offering a complex array of flavors that cater to both seasoned aficionados and casual enthusiasts. In 2024, the Indian market is embracing these sophisticated spirits more than ever…
• The Body Shop Announces Collaboration with Actress Diana Penty
  05 August 2024, indianretailer.com
  British ethical beauty brand The Body Shop has announced an exciting partnership with Indian actress Diana Penty. A standout element of this collaboration is the introduction of Edelweiss, a remarkable new ingredient in The Body Shop’s product lineup. Harvested by a team of passionate experts in the pristine Swiss Alps, Edelweiss extract is sourced, managed, and organically cultivated to ensure the highest quality…
• Lavish Soni Takes on the Role of Chief Business Officer at The House of Rare
  05 August 2024, indianretailer.com
  Seasoned retail expert Lavish Soni has been promoted to Chief Business Officer at The House of Rare, a move he shared with his network in a social media post…
• Novotel Pune Welcomes Anant Leekha as General Manager
  05 August 2024, indianretailer.com
  Novotel Pune has announced the appointment of Anant Leekha as its new General Manager. With over 20 years of industry experience, Anant is well-regarded for his strong track record and achievements…
• Nothing Achieves 567 Pc YoY Growth in H1 2024
  05 August 2024, indianretailer.com
  London-based consumer technology brand, Nothing, has reported a 567 percent year-on-year (YoY) growth, according to Counterpoint Research, a global technology market research firm…
• Apple Sets Revenue Records in India and Beyond for June 2024
  05 August 2024, indianretailer.com
  iPhone maker Apple experienced record revenue growth in India and over two dozen other countries in the quarter ending June 30, 2024, according to its chief executive officer, Tim Cook…
• Navigating the Complexities of Offline Expansion for D2C Food and Beverage Brands
  05 August 2024, indianretailer.com
  In the dynamic landscape of consumer goods, particularly within the food and beverage sector, direct-to-consumer (D2C) brands have sought to disrupt traditional distribution channels by focusing primarily on online sales…
• Mumbai Property Registrations Rise 16% YoY
  03 August 2024, rprealtyplus.com
  Mumbai city (area under BMC jurisdiction) saw significant growth in July 2024, with 12,160 property registrations contributing over INR 1,055 cr to the state exchequer…
• Rajan Aggarwal Joins Bhartiya Urban as Chief Financial Office
  03 August 2024, rprealtyplus.com
  Bhartiya Urban, a leading real estate development firm in India, is pleased to announce the appointment of Rajan Aggarwal as its new Chief Financial Officer…
• Delhi HC appoints arbitrator to settle dispute between PVR INOX, Ansal Plaza Mall over sealed multiplex
  03 August 2024, realty.economictimes.indiatimes.com
  The Delhi High Court has appointed an arbitrator to resolve the dispute between PVR INOX and Ansal Plaza Mall in Greater Noida. PVR INOX claims that its four-screen multiplex at Ansal Plaza Mall was sealed due to unpaid government dues by the lessor, Sheetal Ansal…
• In Reliance Retail’s company, Superdry to enter athleisure
  03 August 2024, retail.economictimes.indiatimes.com
  Superdry’s foray into the athleisure segment in India will be a first for the company globally, with several stores set to be opened across India. Initially, the company will sell clothing, and later footwear after securing BIS certification…
• Britannia Industries net profit rises 10.85% to Rs 504.88 crore in Q1 FY25
  03 August 2024, retail.economictimes.indiatimes.com
  Britannia Industries announced a 10.85% increase in net profit for the June quarter of FY25, totaling Rs 504.88 crore. The company saw modest revenue growth of 4%, driven by higher volumes and improved margins. They expanded distribution in rural areas and focused on modern trade and e-commerce channels…
• Titan profit drops 5.4% to Rs 715 cr in Apr-Jun; sales rise 12%
  03 August 2024, retail.economictimes.indiatimes.com
  Titan’s sales were up 12.64 per cent to Rs 12,223 crore during the quarter under review. It was Rs 10,851 crore for the corresponding quarter, according to a regulatory filing. Its total expenses increased 12.75 per cent to Rs 12,413 crore in the June quarter. Titan’s total income in the June quarter rose 11.44 per cent to Rs 13,386 crore…
• We will be focusing more on tier II and beyond cities, says Ramesh Kalyanaraman, ED of Kalyan Jewellers
  03 August 2024, retail.economictimes.indiatimes.com
  For the next few years, we will be focussing on tier II and beyond cities because these markets are more open and we do not have a presence there, he said…
• Meesho onboards Hari Bhartia, Kalpana Morparia, Rohit Bhagat as independent directors
  03 August 2024, retail.economictimes.indiatimes.com
  “As we embark on the next phase of growth, I am thrilled to announce the appointment of Surojit Chatterjee, Kalpana Morparia, Rohit Bhagat, and Hari S. Bhartia as independent directors to Meesho’s board,” Meesho, Founder and CEO Vidit Aatrey said in a statement…
• Lotte India, Havmor to merge to form one integrated entity, will invest ₹400 crore to set up new ice-cream factory for Havmor
  03 August 2024, thehindubusinessline.com
  In a strategic move, South Korea-based confectionery company, Lotte Wellfood, has decided to merge its Indian subsidiaries Lotte India and Havmor Ice Cream to establish an integrated entity in India…
• Brands from Starbucks to LVMH are hurting in one big market
  03 August 2024, retail.economictimes.indiatimes.com
  Retailers, including luxury giant LVMH, L’Oreal, and Starbucks are all seeing lower sales in the world’s second-largest economy, compared with past years. Chinese customers are choosing to save their money and spending on experiences when they do fork out. Starbucks, which reported earnings on Tuesday, saw an especially harsh reality check…
• Uppercase Launches 2 New Stores, Targets 100 Outlets Within 2 Years
  03 August 2024, indianretailer.com
  Homegrown luggage brand Uppercase has recently launched two new exclusive offline stores in Bengaluru and Mumbai, marking a significant milestone in the company’s expansion efforts…
• Bonkers Corner Opens Ninth Retail Store in Bengaluru
  03 August 2024, indianretailer.com
  Bonkers Corner, a notable player in the fashion retail industry, has opened its ninth store in India, marking its debut in Bengaluru. The new location, spanning 3000 square feet, is situated on Brigade Road, positioning it as a key destination for fashion shoppers in the city…
• Fossil Expands Retail Presence with New Store in Pune’s Phoenix Mall
  03 August 2024, indianretailer.com
  Fossil, a global leader in lifestyle accessories, has announced the opening of its latest retail store in Phoenix Mall of the Millennium, Pune. This expansion underscores Fossil’s commitment to enhancing its retail presence in India, making its brand more accessible to customers in emerging markets across the nation…
• Vinod Cookware Acquires Healux International to Expand Retail Footprint
  03 August 2024, indianretailer.com
  Vinod Cookware, a renowned brand with over 60 years of history in the Indian cookware market, has announced the acquisition of Healux International Pvt. Ltd., a Bangalore-based startup specializing in cookware and healthy lifestyle products…
• A.O. Smith Celebrates 150 Years with Growth Focus in India
  03 August 2024, retail.economictimes.indiatimes.com
  A.O. Smith Corporation has marked its 150th anniversary, reflecting on its rich history, innovative transformations, and promising future. A.O. Smith India, established in 2010, is among the fastest-growing regions within the corporation, outperforming major markets with a strong pan-India presence…
• Meesho Strengthens Board with Four Independent Directors
  03 August 2024, indianretailer.com
  Meesho has appointed four Independent Directors to its Board: Kalpana Morparia, Hari S. Bhartia, Surojit Chatterjee, and Rohit Bhagat. This move highlights Meesho’s commitment to transparency and strong corporate governance…
• Bebe Burp Bags Rs 8 Cr in Pre-Series A Funding to Expand Market Presence
  03 August 2024, indianretailer.com
  Bebe Burp, a certified baby food brand under Mighty Steps Pvt Ltd, has successfully closed its latest Pre-Series A funding round, securing Rs 8 crore from the venture capital firm Gruhas Collective Consumer Fund (GCCF)…
• Chanel Launches E-Commerce Site in India, Expanding Luxury Access
  03 August 2024, indianretailer.com
  In a significant move within the Indian beauty market, Chanel has unveiled its e-commerce platform today, marking a notable shift in the luxury shopping experience. As Indian consumers become increasingly discerning…
• Leaf Studios Brings New Line of Wireless Audio Products
  03 August 2024, indianretailer.com
  Leaf Studios, a leader in audio technology, has launched six new wireless audio products, including four true wireless earbuds and two neckbands. The new products are designed to offer a high-quality audio experience at an affordable price, with neckbands starting at Rs 599 and earbuds starting at Rs 899…
• Rising Demand Fuels Evolution in Sexual Health and Wellness Solutions
  03 August 2024, irecwire.com
  From innovative products to holistic approaches, these companies are redefining the landscape, ensuring comprehensive care that embraces both physical and emotional well-being…
• Zomato’s revenue rises 74% on Blinkit, Hyperpure surge; profit grows to Rs 253 crore
  02 August 2024, retail.economictimes.indiatimes.com
  Food delivery giant Zomato reported multifold year-on-year (YoY) growth in its consolidated net profit while revenue soared for the June quarter. Zomato announced the launch of District – a new app for its going-out business. The company has been increasing its focus on the vertical, which includes dining out, live events, and ticketing…
• ITC Q1 net profit flat at Rs 5,177 cr, revenue up 7.5% to Rs 20,029.5 cr
  02 August 2024, retail.economictimes.indiatimes.com
  “While green shoots of demand recovery emerged during the quarter in the Paperboards, Paper & Packaging segment, performance remained impacted largely due to cheap Chinese supplies in international markets including India and a surge in domestic wood prices,” ITC said…
• D2C fitness startup Boldfit onboards cricketer KL Rahul as investor; targets Rs 500 crore revenue by FY26
  02 August 2024, retail.economictimes.indiatimes.com
  Boldfit achieved a revenue of Rs 73 crore in the fiscal year 2022-23. With strategic initiatives and KL Rahul’s impact, the brand aims to reach Rs 500 crore in revenue by FY26. Currently, it serves over 1 crore customers annually and aims to expand this reach to 5 crore with this partnership…
• Amazon India sees demand surge from tier 2, 3 cities; Co. says Prime Day 2024 shopping increased 24%
  02 August 2024, retail.economictimes.indiatimes.com
  On the marketplace, during Prime Day, sales of side-by-side refrigerators grew two times, while sales of high-capacity front-load washing machines increased ninefold compared to 2023. Overall consumer electronics and personal computing category sales grew 13 per cent in the same period…
• Emami PAT rises 10 pc to 150.6 cr in June quarter
  02 August 2024, retail.economictimes.indiatimes.com
  Emami’s revenue from operations was up 9.73 per cent to Rs 906.07 crore during the quarter under review. It was Rs 825.66 crore in the corresponding quarter a year ago. The company’s total expenses were Rs 689.56 crore, up 8.4 per cent in the June quarter of FY24. Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore…
• Dairy firm Milk Mantra’s FY24 revenue marginally rises to Rs 279 crore; becomes 6% EBITDA positive
  02 August 2024, retail.economictimes.indiatimes.com
  Milk Mantra announced a financial recovery for FY24, with revenue growing to Rs 279 crore. The company’s EBITDA improved from a Rs 6.56 crore loss to a positive 6% margin. Their value-added products saw a 15% annual growth. Future plans include investments and regional expansion of the Milky Moo brand…
• FirstCry: Meet the man behind the baby products business that grew into a giant
  02 August 2024, retail.economictimes.indiatimes.com
  Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth…
• Amazon says consumers cautious, forecasts revenue below Wall Street targets
  02 August 2024, retail.economictimes.indiatimes.com
  Amazon.com experienced a slowdown in online sales growth during the second quarter, as consumers opted for cheaper products. This cautious spending behavior caused an almost 8% decline in Amazon shares. Despite beating analyst expectations in profits and cloud computing sales, stiff competition and budget-conscious shoppers impacted Amazon’s projections for the upcoming quarter…
• Luggage startup uppercase planning to open 100 stores in next two years
  02 August 2024, retail.economictimes.indiatimes.com
  ​​uppercase has opened its first two stores in Mumbai and Bengaluru this week. Sudip Ghose, founder and managing director of the company said, “These spaces allow us to connect directly with our consumers and showcase our range of innovative and sustainable bags.”..
• Godrej Agrovet to acquire stake in Tyson Foods
  02 August 2024, thehindubusinessline.com
  Godrej Agrovet Limited announced a purchase agreement with Tyson India Holdings Limited for the remaining 49 per cent stake in Godrej Tyson Foods Limited (GTFL). The stake will be acquired at a cost of ₹322.8 crore…
• Zomato launches District app for dining out, events, ticketing biz
  02 August 2024, retail.economictimes.indiatimes.com
  Zomato introduced a new app, District, for its going-out vertical, which includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. The segment reported Rs 1,268 crore in the April-June quarter, a 106% rise from the previous year. Zomato aims to create ‘super brands’ instead of ‘super apps’…
• Brewer AB InBev beats Q2 profit forecasts, but volumes slip
  02 August 2024, retail.economictimes.indiatimes.com
  The world’s largest brewer by volumes reported a 10.2% rise in second quarter normalised core profit (EBITDA), surpassing analyst forecasts for growth of 8.3%. Investors see the period as a return to normality for the maker of Budweiser and Stella Artois, after years of issues caused by COVID-19, high cost inflation and a prolonged boycott of key brand Bud Light in the United States, whose impact is now fading…
• India’s mfg sector growth eases slightly in Jul; selling prices see sharp uptick
  02 August 2024, retail.economictimes.indiatimes.com
  India’s manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) moderated slightly from 58.3 in June to 58.1 in July…
• India smartphone market clocks highest ever revenue for Q2
  02 August 2024, retail.economictimes.indiatimes.com
  Counterpoint Research said the Indian smartphone market clocked around $10 billion in revenues in Q2 2024, while a slower second quarter typically sees around $8-9 billion in revenues. This, even as quarterly shipments for Q2 declined by 2% year-on-year, influenced by a heatwave, a seasonal slump, and slower demand from Q1 2024…
• Recode Studios Expands Further with 17th Store Opening in Lucknow
  02 August 2024, indianretailer.com
  Recode Studios, a leading name in the cosmetic industry, proudly announces the grand opening of its 17th outlet in Kapurthala Chowk, Lucknow. This new store, which spans 200 square feet, marks a significant milestone in the brand’s ongoing expansion journey…
• ixigo Achieves 78 Pc YoY Profit Growth in Q1 FY25
  02 August 2024, retail.economictimes.indiatimes.com
  Le Travenues Technology Limited, popularly known as ixigo, has released its financial results for the quarter ending June 30, 2024, showcasing substantial growth and profitability across key performance metrics…
• Metro Brands Names Mohit Dhanjal as Chief Operating Officer
  02 August 2024, indianretailer.com
  Mumbai-based footwear retailer Metro Brands Ltd. (MBL) has appointed Mohit Dhanjal as its Chief Operating Officer, effective 1 August…
• IMAX Debuts in Gujarat with New Theater
  02 August 2024, indianretailer.com
  PVR Cinemas, based in Mumbai, has launched its latest theatre at Palladium Ahmedabad, a development that marks the debut of Gujarat’s first IMAX with Laser technology. The new venue features the exclusive LUXE (Luxury Cinema Concept)…
• How Consumer Trends and Digital Adoption are Fueling India’s FMCG Growth
  02 August 2024, indianretailer.com
  India’s Fast-Moving Consumer Goods (FMCG) sector has demonstrated remarkable growth, driven by consumer demand and increasing product prices, especially for essential goods. This sector not only contributes significantly to the country’s economy but also provides employment to around 3 million people, accounting for approximately 5 percent of total factory employment in India…
• Vineet Gautam Reaches 15-Year Milestone at Bestseller India
  02 August 2024, indianretailer.com
  Vineet Gautam, the CEO and Country Head of Bestseller India is set to celebrate 15 years with the Danish fashion and lifestyle group. Gautam recently shared this milestone on social media, marking a significant chapter in his career…
• Colgate-Palmolive India Reports 33 Pc Increase in Q1 Profit to Rs 364 Cr
  02 August 2024, indianretailer.com
  Colgate-Palmolive (India) Limited announced its financial results for the first quarter ended June 30, 2024, showcasing impressive growth and robust performance across its product portfolio. The brand delivered a robust 13.0 percent year-on-year topline growth for the quarter ended June 30, 2024…
• Elista Enhances Kitchen Convenience with New Dishwasher Range
  02 August 2024, indianretailer.com
  Elista, India’s leading consumer technology brand under TeknoDome, has announced the expansion of its dishwasher category with the launch of a new range of dishwashers…
• DiAi Designs Expands to the US with New Website Launch
  02 August 2024, indianretailer.com
  DiAi Designs, a leading Indian brand specializing in sustainable lab-grown diamond jewellery, has announced the launch of its new website catering to the US market. Founded in 2018, DiAi Designs has been a pioneer in reshaping the jewellery industry with its dedication to sustainability and contemporary design…
• Roastea Unveils New Outlet in Dehradun
  02 August 2024, indianretailer.com
  Dehradun, renowned for its tea culture and historic tea gardens, has welcomed a new addition to its culinary landscape. Roastea, a brand celebrated for its specialty coffees and artisanal tea experiences, has launched its fifth on-the-go outlet and its first in Dehradun…
• Clink Audio Debuts in India with Premium VoiceBuds TWS
  02 August 2024, indianretailer.com
  Clink Audio has made a notable entry into the Indian market with the launch of its innovative TWS VoiceBuds, designed to deliver an exceptional audio experience. This new product marks a significant development for Clink Audio in the consumer electronics space…
• Nexus Select Trust 8% YoY Increase in Retail Net Operating Income
  01 August 2024, rprealtyplus.com
  Nexus Select Trust, India’s first listed Retail REIT, reported results for the first quarter ended June 30, 2024. Achieved Retail Net Operating Income of INR 3,719 million (8% YoY growth) in Q1 FY25; in-line with FY25 projections…
• Mindspace Business Parks REIT Net Operating Income Grows 9.2% YoY
  01 August 2024, rprealtyplus.com
  Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter ended June 30, 2024…
• Prestige Estates Projects’ net profit dips 3.40% in Q1 FY25
  01 August 2024, realty.economictimes.indiatimes.com
  Prestige Estates Projects’ net consolidated total income stood at Rs 2,024.50 crore in Q1 FY25, a growth of 2.96 per cent from Rs 1,966.30 crore it recorded in the similar quarter last year…
• CapitaLand India Trust Management reports 21% growth in net property income for H1 2024
  01 August 2024, realty.economictimes.indiatimes.com
  Total property income and net property income for the period grew by 23% and 21% y-o-y to S$136.1 million and S$103.5 million for H1 2024, respectively…
• Unilever draws up new metrics to reward directors
  01 August 2024, retail.economictimes.indiatimes.com
  Unilever has revamped director pay, shifting from operating margin to absolute profitability measures after shareholder concerns over high compensation. HUL mirrored this, adjusting executive pay due to slower sales and profit growth. This approach aims to enhance performance in a tough market climate, aligning rewards with overall company goals…
• Tata Digital stitching ‘value fashion’ plan under its Cliq brand
  01 August 2024, retail.economictimes.indiatimes.com
  Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet…
• Godfrey Phillips to go ahead with exit from retail business under 24Seven
  01 August 2024, retail.economictimes.indiatimes.com
  Cigarette maker Godfrey Phillips India Ltd is proceeding with plans to exit the retail business under the ’24Seven’ brand after a district court in Delhi set aside an interim injunction. The board approved the exit on April 12, 2024, citing stakeholder feedback and market conditions. The retail business division had a negative net worth as of March 31, 2024, with revenue of Rs 403 crore in FY23-24…
• Customer growth is our top priority, says Dinesh Agarwal, CEO, IndiaMART
  01 August 2024, retail.economictimes.indiatimes.com
  Standalone revenue from operations for the quarter registered a growth of 18 per cent as it increased to Rs 315 crore as compared to Rs 268 crore last year. The growth was primarily driven by over 13 per cent improvement in realization from paying suppliers and the remaining by an increase in the number of paying suppliers…
• Myntra aims to onboard 500 D2C brands under new program to push Make-in-India
  01 August 2024, retail.economictimes.indiatimes.com
  Myntra revealed plans to onboard 500 D2C beauty and grooming brands by the end of the year through its Beauty Edit initiative. This program aims to accelerate the growth of made-in-India digital-first beauty brands, aligning with India’s rapidly expanding Beauty and Personal Care industry, projected to reach $30 billion by 2027…
• Bangalore-based legacy jeweller CKC looking to enter lab-grown diamond and high-end silver jewellery businesses in a big way
  01 August 2024, retail.economictimes.indiatimes.com
  C. Krishniah Chetty (CKC), a heritage jeweller from Bangalore, has expanded into the lab-grown diamond and high-end silver jewellery markets. Their sub-brand crash.club achieved a milestone by selling India’s largest recorded lab-grown diamond, a 20.06-carat emerald-cut stone…
• Samsung Electronics Q2 shows fastest growth in over a decade
  01 August 2024, retail.economictimes.indiatimes.com
  Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. And demand for the advanced chips that power AI systems has skyrocketed thanks to the success of ChatGPT and other generative AI products…
• The Body Shop Integrates Cultural Design with Sustainability in Indian Retail
  01 August 2024, indianretailer.com
  The Body Shop, a global ethical beauty brand, is enhancing its presence in India’s retail sect