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  • ‘China Plus One’ strategy played out really well for India, says Raymond CMD Gautam Hari Singhania
    18 Mar 2023, retail.economictimes.indiatimes.com
    In an exclusive interview with ETRetail’s Pallavi Goel, Singhania, the top executive of the multi-billion empire, discusses the developments in India’s textile sector post-COVID, ‘China Plus One’ strategy, how the company is building for India, and his vision with respect to ‘roti, kapda, makaan, and education’…
  • Tata ceases discussions with Bisleri to acquire the packaged water giant
    18 Mar 2023, retail.economictimes.indiatimes.com
    “The company wishes to update that it has now ceased negotiations with Bisleri with regard to a potential transaction and to confirm that the company has not entered into any definitive agreement or binding commitment on this matter,” Tata Consumer Products said in a stock exchange filing…
  • Swiggy to waive commission from new restaurants for a month
    18 Mar 2023, retail.economictimes.indiatimes.com
    Swiggy said restaurant partners can potentially save up to Rs 20,000 through this initiative…
  • Ecommerce firm CoutLoot plans to enter physical retailing space
    18 Mar 2023, retail.economictimes.indiatimes.com
    The company plans to launch 35 stores starting April this year, especially in areas which attract peak footfalls…
  • Tiger Global sells 0.75% stake in Delhivery via open market for Rs 177 cr
    18 Mar 2023, retail.economictimes.indiatimes.com
    GambhirDelhivery is among the largest logistics players in India with full-stack solutions across the value chain. It is fully owned by public shareholders, wherein top mutual funds own 11.12% and the stake held under foreign direct investment is about 59.93%…
  • How Myntra is planning to democratise beauty using tech
    18 Mar 2023, retail.economictimes.indiatimes.com
    “At present, almost 45 per cent of Myntra’s consumers come from tier 2 cities and beyond and we have witnessed growth in niche categories like face serums, scalp care, sunscreens, conditioners, and more. Some of the popular new age consumer brands have grown upwards of 80 per cent YoY on Myntra on an average,” she said while speaking exclusively to ETRetail…
  • Mango opens flagship store in BLR; plans to increase points of sale to 110 in 2023
    18 Mar 2023, retail.economictimes.indiatimes.com
    “India is one of the most important markets in our internationalisation strategy, because, according to all forecasts, this country is destined to become the third-largest consumer market in the world within the next few years and we want Mango to have a significant presence in it,” said Daniel López, Mango’s expansion director…
  • Bengaluru’s Jewellery Park to create 1 lakh job opportunities
    18 Mar 2023, thehindubusinessline.com
    It will be an all-inclusive gem and jewellery industrial park with manufacturing units, commercial areas, housing for industrial workers and support services…
  • Namdhari Seeds forays into food retail business
    18 Mar 2023, thehindubusinessline.com
    Simpli Namdhari’s, a vegetarian omnichannel retailer owned by seed firm Namdhari Seeds, has opened its first store at Banjara Hills here…
  • Chinese companies dominate Indian home surveillance camera mkt in 2022: Counterpoint
    18 Mar 2023, retail.economictimes.indiatimes.com
    “The market remains dominated by Chinese players, with the Indian brands accounting for 23 per cent of total shipments in 2022. The domestic production during the year stood at 12 per cent, still very low for an emerging market…
  • Apple to open flagship India store in Mumbai in April; second store to come up in Delhi
    18 Mar 2023, retail.economictimes.indiatimes.com
    Apple is set to open its flagship store in Mumbai next month, followed by the second store in New Delhi in April-June. The stores will be similar to those in other countries, with a focus on luxury products. India has consistently been one of the best-performing markets for Apple for more than six years now. In the quarter ended December, the company achieved record overall sales in the country…
  • Organised retail has got a pre-Covid charm now
    18 Mar 2023, economictimes.indiatimes.com
    Sales of organised retail segments across apparel, lifestyle products and quick service restaurants grew 18% in the first 10 months of this fiscal compared to pre-pandemic April-January FY20, a report by the Retailers Association of India (RAI) has said…
  • BoatIra Gumberg: Reports of Shopping Malls’ Demise are Greatly Exaggerated
    18 Mar 2023, tapinto.net
    It is no secret that online shopping has deeply impacted shopping malls, which were further hamstrung by the pandemic. Their downfall has served as fodder for filmmakers, and has been the subject of rhapsodic retrospectives…
  • Ecommerce firm CoutLoot plans to enter physical retailing space
    18 Mar 2023, economictimes.indiatimes.com
    Ecommerce firm Coutloot said it is entering into the offline retail segment by converting existing small shops and trading units into its own branded stores, part of a wider strategy to formalise the unorganised non-MRP non-grocery retailing in India…
  • Miniklub Expands Offline Presence, Opens 50th Store in Ahmedabad
    18 Mar 2023, economictimes.indiatimes.com
    Miniklub leading babywear brand that offers a thoughtfully crafted range of apparel and baby care products, is proud to announce the launch of its 50th store in Ahmedabad. Located in CG road, one of the prominent high streets of Ahmedabad, this milestone is a testament to the company’s commitment to providing high-quality, comfortable, stylish, and affordable newborn essentials, and baby and kids clothing…
  • Myntra Expands Product Portfolio, Unveils ‘Spring Summer 2023 Collection’
    18 Mar 2023, retail.economictimes.indiatimes.com
    Myntra has announced the much-awaited showcase of its ‘Spring-Summer 2023’ collection on the platform to enable shoppers to revamp their wardrobes in time for the new season. As a part of the showcase of the new collection, Myntra will also be highlighting the assortment on the homepage on the 16th and 17th of March to provide shoppers with an immersive experience of the most in-vogue fashion and beauty range this summer, making it easier for shoppers to discover and navigate their favorites from the season…
  • Elanpro Expands Product Portfolio with New and Innovative Products
    18 Mar 2023, indianretailer.com
    Reiterating its commitment to become the leading provider of end-to-end refrigeration solutions, ELANPRO, India’s tech-driven commercial refrigeration company, launched a new series of energy-efficient freezers, coolers, and ice machines for food service industry…
  • How JustMyRoots is Planning to Achieve Profitability by March 2024
    17 Mar 2023, retail.economictimes.indiatimes.com
    India’s food delivery market has expanded significantly in recent years as a result of increased urbanization, rising disposable incomes, and the growing popularity of online ordering. As more consumers choose contactless delivery methods, the COVID-19 pandemic has further spurred the growth of the food delivery industry…
  • Boat Appoints Vivek Gambhir as Chairman, Sameer Mehta named as CEO
    18 Mar 2023, indianretailer.com
    Earwear brand Boat said it has elevated CEO Vivek Gambhir to Chairman of the company. Boat co-founder Sameer Mehta will take on the role of CEO and Managing Director…
  • My Menu Expands Product Portfolio, Unveils New AI-Generated Menu Descriptions
    18 Mar 2023, indianretailer.com
    My Menu has announced the launch of its new AI-powered menu description generator feature. With this cutting-edge technology, restaurant owners can now effortlessly create mouth-watering and enticing menu descriptions that showcase their dishes in the best light possible…
  • Boat elevates Vivek Gambhir as Chairman; co-founder Sameer Mehta named as CEO
    17 Mar 2023, retail.economictimes.indiatimes.com
    Gambhir, in his new role as Chairman, will continue to guide the leadership team on matters of strategy, organisational development and culture and future growth roadmap…
  • Apple supplier Foxconn wins AirPod order, plans $200 million factory in India: Source
    17 Mar 2023, retail.economictimes.indiatimes.com
    The deal will see Foxconn, the world’s largest contract electronics maker and assembler of around 70% of all iPhones, become an AirPod supplier for the first time and underlines efforts by the key Apple supplier to further diversify production away from China. AirPods are currently made by a range of Chinese suppliers…
  • Everstone Capital in talks to offload Burger King stake
    17 Mar 2023, retail.economictimes.indiatimes.com
    Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, holds a 40.9% stake in Restaurant Brands, which holds the licence to operate Burger King restaurants in India…
  • Luxor expects to achieve Rs 1,000 cr revenue in next 3-4 years; partners with German brand Schneider Pen
    17 Mar 2023, retail.economictimes.indiatimes.com
    The company has also partnered with German brand Schneider Pen and has come up together with a new product Luxor Schneider LXMAX, a pen in the liquid-ink system category for the Indian consumers. Both the companies will add about 20 more products this year…
  • Crompton eyes 14% YoY growth in fans segment; aims to reduce cost hike due to BEE regulations
    17 Mar 2023, retail.economictimes.indiatimes.com
    Crompton’s CEO highlighted that the 15 per cent cost increase to upgrade fans as per the energy-saving regulations is a key challenge for the industry. “The challenge is to mitigate this cost increase and tap on the opportunity to democratise energy saving.”…
  • Mumbai-based ice cream brand NOTO raises USD 2 mn in pre-series A led by White Whale Ventures and Rainmatter
    17 Mar 2023, retail.economictimes.indiatimes.com
    The brand operates on a hyper-local dark store model, which allows them to cater to impulse demand within 30–40 minutes. At present, the brand caters to consumers’ demands from its 85 dark stores and plans to take the total count of dark stores to 200…
  • Success in supply chain is success in grocery: K Radhakrishnan
    17 Mar 2023, retail.economictimes.indiatimes.com
    Mr. K Radhakrishnan, Co-Founder, Tata StarQuik says Success in supply chain is success in grocery…
  • Your supply chain has to be sustainable in PnL and for the environment: Vinay Dhanani, COO, Zepto
    17 Mar 2023, retail.economictimes.indiatimes.com
    Mr. Vinay Dhanani, COO, Zepto believes Your supply chain has to be sustainable in PnL and for the environment…
  • Digitisation in supply chain helping bridge gap between online and offline, say industry leaders at ETRetail Supply Chain Summit
    17 Mar 2023, retail.economictimes.indiatimes.com
    Sandeep Kulkarni, chief supply chain officer, Tata Cliq said that with digitisation the biggest difference made has been instant gratification. “In online, there used to be a gestation period, that is, the gap between placing an order and receiving it. Digitisation in the supply chain has reduced this gestation period between order and delivery from 2 days to 10 minutes today.”..
  • How some of the coolest D2C brands are leveraging Delhivery for growth
    17 Mar 2023, retail.economictimes.indiatimes.com
    Delhivery’s D2C-specific offering is designed to support the accelerated growth of many such brands. Through Delhivery’s web-based, digital, unified customer portal (UCP), companies can easily register, self-onboard, and manage all fulfilment and shipping accounts. ~ Brand Connect Initiative…
  • Consumer journey of the future would be both online and offline: Swaminathan Ramchandran
    17 Mar 2023, retail.economictimes.indiatimes.com
    Mr. Swaminathan Ramchandran, Chief Supply Chain Officer – Aditya Birla Fashion Retail Limited: Consumer journey of the future would be both online and offline…
  • We need to focus on emotional intelligence (EI), more than AI and BI: Sanjeev Khanna
    17 Mar 2023, retail.economictimes.indiatimes.com
    Mr. Sanjeev Khanna, COO, Patanjali Foods Limited: We need to focus on emotional intelligence (EI), more than AI and BI…
  • Tata Consumer Products to focus on health & wellness, convenience, premiumisation
    17 Mar 2023, thehindubusinessline.com
    The three sectors will continue to concentrate on utilising the digital space as they have a larger online consumer base, said Puneet Das, president of packaged beverages (India and South Asia), TCP…
  • FSSAI mulls SOP for use of health supplements, nutraceuticals
    17 Mar 2023, thehindubusinessline.com
    The Food Safety and Standards Authority (FSSAI) is considering releasing a standard operating procedure (SOP) or guidelines on usage of health supplements and nutraceuticals…
  • Danone set to complete renewal of its board with the proposed appointment of Sanjiv Mehta
    17 Mar 2023, retail.economictimes.indiatimes.com
    At present, Mehta is the CEO and managing director of India’s biggest consumer goods company HUL, a role he will leave on June 26, 2023. If approved, he will join Danone’s Board effective July 1, 2023. The company said Mehta is a high-calibre executive with in-depth knowledge of the consumer goods sector and diversified international expertise, particularly on Asian markets…
  • Rs 7,500-cr plus sales in 3 days: What it means for DLF brand & consumers
    17 Mar 2023, economictimes.indiatimes.com
    DLF has sold over 1,137 flats for over Rs 7.500 crore within three days in Gurugram. Aakash Ohri, Group ED & Chief Business Officer and Ashok Tyagi, CEO & Whole Time Director, DLF, in conversation with ET Now…
  • Puma becomes the largest sports retailer in India; MD Abhishek Ganguly reveals success secret
    17 Mar 2023, economictimes.indiatimes.com
    German sportswear maker Puma posted a 46% jump in sales last fiscal year, maintaining its pole position as the largest sports brand in India. With revenues of Rs 2,980 crore during FY22 ended December, Puma outsold rivals—Adidas, Nike and Reebok—all put together, according to the latest filings with the Registrar of Companies. A year ago, it had sales of Rs 2,044 crore…
  • Urban Ladder to double its retail store presence in India by March 2024
    17 Mar 2023, business-standard.com
    Furniture and home decor brand Urban Ladder, which on Wednesday opened its 50th store, said it plans to double this store count by March 2024…
  • Bagline Strengthens South India Position
    17 Mar 2023, rli.uk.com
    The Brand Concepts-owned Bagline has grown its retail presence in the South Indian market with the addition of two new stores in the cities of Bengaluru and Hyderabad…
  • Britannia’s Croissant Biz Crosses Rs 100 cr Revenue
    17 Mar 2023, indianretailer.com
    Britannia Industries Limited has announced that the Treat Croissant business has crossed Rs 100 crore in revenues in this financial year, within a year of its national roll-out across the country. Treat Croissant is manufactured at Britannia’s own manufacturing facility and the recipe has been customized to cater to the Indian palette…
  • JioMart to roll-out ‘Craft Mela’ for local artisans
    17 Mar 2023, economictimes.indiatimes.com
    Reliance Retail’s JioMart will roll-out ‘Craft Mela’ to empower local artisans and weavers and showcase ‘Made in India’ products to customers…
  • Why Les Petits is Betting Big on the Luxury Kids Segment
    17 Mar 2023, indianretailer.com
    Children these days are not shying away from donning the latest fashion with sheer confidence. Moreover, the millennial parents themselves are showing a great inclination for branded clothes and seeking the same level of fineness in their kids as well…
  • Reliance Retail, TRENDS, Announced The Launch Of Its New Store In Nilagiri Town Of Balasore District
    17 Mar 2023, orissadiary.com
    Balasore: India’s largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, announced the launch of its new Store in Nilagiri town of Balasore district in the state of Odisha…
  • ADIA signs $500 million cheque for 10% stake in Lenskart at $4.2 billion valuation
    16 Mar 2023, retail.economictimes.indiatimes.com
    The fundraise was done at a $4.2 billion valuation and will result in ADIA becoming one of the largest shareholders in Lenskart with a 10% stake…
  • McDonald’s north and east to invest up to ₹600 cr
    16 Mar 2023, retail.economictimes.indiatimes.com
    “All the investment financing shall be sourced internally. Currently, we have approximately 6,000 employees, with plans to hire about 1,500 people this year,” said Agrawal, adding that the company plans to hire about 5,000 people over the next three years…
  • Reliance Retail, other top brands eye ‘Value’ space after Zudio’s success
    16 Mar 2023, retail.economictimes.indiatimes.com
    While Reliance Retail is planning to launch a value apparel format, likely to be named ‘Youth’ to compete directly with Tata’s Zudio and Landmark group-owned Max, Shoppers Stop is coming up with a mass-priced brand, internally called InTune, people in the know said…
  • Popeyes owner bets big on growing Indian middle class
    16 Mar 2023, retail.economictimes.indiatimes.com
    “We are working on growing businesses all over the world, but India is one of our largest and fastest growing markets with decades of growth,” Kobza, currently on an India visit as US fried chicken restaurant chain Popeyes completes its first year here, told ET in an interview…
  • Domestic electronics production likely to reach Rs 8.42 lakh cr this fiscal: Ashwini Vaishnaw
    16 Mar 2023, retail.economictimes.indiatimes.com
    The minister also said that the export of electronic goods has increased from Rs 39,978 crore (USD 5.96 billion) in FY 2016-17 to Rs 1,09,797 crore in FY 2021-22 (USD 14.6 billion), exhibiting a compound annual growth rate (CAGR) of 22.39 per cent…
  • How Myntra is using tech to democratize beauty
    16 Mar 2023, retail.economictimes.indiatimes.com
    In conversation with ETRetail, Nandita Sinha, CEO, Myntra shares how Myntra Beauty is staying ahead of the curve with tech-led assisted selling tools…
  • Omnichannel retail engagement is difficult but doable
    16 Mar 2023, livemint.com
    The retail industry has seen so much change in the last few years that it’s hard to keep up. To satisfy shifting customer demands, brands have moved to omnichannel retailing to serve buyers online and offline…
  • India to help add cool quotient to Benetton as part of CEO Massimo Renon’s global strategy
    16 Mar 2023, retail.economictimes.indiatimes.com
    “India is one of our most important markets and we are implementing a very potent turnaround. Indians love fashion and India is becoming a strategic market for us more and more because it’s bringing a message and benefit to the company around the world and across the board.”…
  • Zara owner Inditex seen outshining H&M in fast-fashion showdown
    16 Mar 2023, retail.economictimes.indiatimes.com
    Both H&M and Inditex have been forced to hike their prices as the cost of producing garments increased, but Inditex – whose other brands include Massimo Dutti, Pull & Bear, and Oysho – has been better able to keep selling clothes at higher prices…
  • We expect 15-20% YoY volume growth for next 3-4 years, says Praveen Jaipuriar, CEO, CCL Products (India)
    16 Mar 2023, retail.economictimes.indiatimes.com
    CCL, known as Continental Coffee Limited, follows a cost-plus model, speaking of which Jaipuriar said, “We majorly focus on volumes as value growth becomes its derivative eventually because the coffee prices keep changing in the market.” So, he expects a value growth of about 40-45 per cent by the end of this fiscal…
  • Dairy sector to see robust sales growth with early onset of summer
    16 Mar 2023, retail.economictimes.indiatimes.com
    While demand has risen, supply of milk in the country has been decreasing, in part due to prevalence of lumpy skin disease, increase in cattle feed cost and higher export of ghee and butter in the previous year. During this period, several dairy firms have increased milk prices by Rs 2 per litre four to five times…
  • Rajdhani Foods enters breakfast and snacking segment
    16 Mar 2023, retail.economictimes.indiatimes.com
    The company, known for its flagship Rajdhani Besan, has launched products such as corn flakes, choco flakes, oats, roasted chana, makhana, and sabudana. The retailer claimed that it uses fresh and hand-picked ingredients, which are packed and processed in hygienic conditions with advanced equipment, ensuring that no impurity is left behind…
  • Metro Cash & Carry India launches learning platform to drive awareness about kirana digitisation
    16 Mar 2023, retail.economictimes.indiatimes.com
    “Five years ago, we brainstormed and conceptualized our ‘Smart Kirana program’ wherein our aim was to help kiranas transform by digitalizing and modernizing their operations. Kiranas saw huge value in our program after witnessing over 40-50 per cent growth in their sales and improved cash flows and footfalls,” commented Arvind Mediratta, MD & CEO, Metro Cash & Carry India…
  • Urban Ladder aims to double store count by March 2024
    16 Mar 2023, retail.economictimes.indiatimes.com
    “We are extremely elated to open our 50th Urban Ladder retail store in India, and we hope that it is only the first of many milestones to come. We have a robust expansion plan to cater to consumers across various metro and non-metro markets,” commented Nishant Gupta, CBO, Urban Ladder…
  • Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown
    16 Mar 2023, retail.economictimes.indiatimes.com
    While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. South Korea’s Samsung launched products to meet those aspirations and offered innovative financing schemes that made them affordable to most…
  • Versicles Unveils Innovative Retail Solutions at Aahar International Fair
    16 Mar 2023, hindustantimes.com
    VendNGo enables customers to place orders from multiple restaurants at once and then facilitates the delivery of the food to a pickup kiosk…
  • Qpay Emerges Top Choice For Digital Payments In Rural India
    16 Mar 2023, theblunttimes.in
    Located in India, this digital mobile payment system facilitates a wide range of transactions, including mobile recharges, postpaid, DTH, gas bookings, electricity bills, FASTag, loan payments, and broad-line/landline connections…
  • TimeVallée, Tata group in alliance for luxury watches
    16 Mar 2023, livemint.com
    Swiss luxury goods group Richemont has partnered with the Tata group to launch its digital multi-brand boutique, TimeVallée, in the Indian market that will offer six luxury watch brands—Cartier, Piaget, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, and Roger Dubuis…
  • M3M India acquires 3-acre land for Rs 250 crore in Noida
    16 Mar 2023, moneycontrol.com
    The real-estate firm plans to develop a 9-lakh sq ft commercial project in Noida Sector 72. The company believes the demand for studio apartments will be strong in this part of Noida as many IT companies are located here…
  • Hitachi Expands Offline Presence in Delhi NCR
    16 Mar 2023, indianretailer.com
    Cementing its leadership position in North India, Johnson Controls-Hitachi Air Conditioning India, manufacturer of one of India’s largest-selling air-conditioner brands ‘Hitachi Cooling and Heating’ is planning to widen the presence of its exclusive brand outlets across the region…
  • India to help add cool quotient to Benetton as part of CEO Massimo Renon’s global strategy
    16 Mar 2023, economictimes.indiatimes.com
    The global chief executive of Benetton Group said India is critical for rebuilding the “coolness” quotient of the Italian clothing brand globally, part of its wider strategy to turn the retail chain around and fight back against fast fashion rivals…
  • Praakritik Launches Delivery of Organic Fruits and Vegetables in Bangalore
    16 Mar 2023, indianretailer.com
    Praakritik has tied up with Bhoomi India Agtech Pvt. Ltd to diversify its product offerings by launching organic fruits and vegetables on its platform…
  • SBI Collaborates with Pay Point India to Setup Kiosk Banking in Retail Stores
    16 Mar 2023, digitaljournal.com
    In an endeavour to attain financial inclusion across the country, State Bank of India and Pay Point India leverage the retail network to setup kiosk banking services in remote areas…
  • Mufti Expands Product Portfolio, Unveils Spring Summer Collection 23
    16 Mar 2023, indianretailer.com
    Mufti, airborne since 1998, has redefined men’s fashion with its unique and fresh designs. Mufti has always given its customers something different to wear every season. So, this spring and summer season it brings you a brand-new collection of men’s wear SS23 to glam up your wardrobe with style quotient. ..
  • Wakao Expands Product Portfolio, Introduces The Continental Burger Patty
    16 Mar 2023, indianretailer.com
    Indulge in a novel culinary experience that is not only delectable but also sustainable and ethically sourced – it’s time to tantalize your taste buds with Wakao Foods’ latest creation, the Continental Burger Patty…
  • ADIA signs $500 million cheque for 10% stake in Lenskart at $4.2 billion valuation
    16 Mar 2023, retail.economictimes.indiatimes.com
    The fundraise was done at a $4.2 billion valuation and will result in ADIA becoming one of the largest shareholders in Lenskart with a 10% stake…

  • McDonald’s north and east to invest up to ₹600 cr


    16 Mar 2023, retail.economictimes.indiatimes.com
    “All the investment financing shall be sourced internally. Currently, we have approximately 6,000 employees, with plans to hire about 1,500 people this year,” said Agrawal, adding that the company plans to hire about 5,000 people over the next three years…

  • Reliance Retail, other top brands eye ‘Value’ space after Zudio’s success
    16 Mar 2023, retail.economictimes.indiatimes.com
    While Reliance Retail is planning to launch a value apparel format, likely to be named ‘Youth’ to compete directly with Tata’s Zudio and Landmark group-owned Max, Shoppers Stop is coming up with a mass-priced brand, internally called InTune, people in the know said…
  • Popeyes owner bets big on growing Indian middle class
    16 Mar 2023, retail.economictimes.indiatimes.com
    “We are working on growing businesses all over the world, but India is one of our largest and fastest growing markets with decades of growth,” Kobza, currently on an India visit as US fried chicken restaurant chain Popeyes completes its first year here, told ET in an interview…
  • Domestic electronics production likely to reach Rs 8.42 lakh cr this fiscal: Ashwini Vaishnaw
    16 Mar 2023, retail.economictimes.indiatimes.com
    The minister also said that the export of electronic goods has increased from Rs 39,978 crore (USD 5.96 billion) in FY 2016-17 to Rs 1,09,797 crore in FY 2021-22 (USD 14.6 billion), exhibiting a compound annual growth rate (CAGR) of 22.39 per cent…
  • How Myntra is using tech to democratize beauty
    16 Mar 2023, retail.economictimes.indiatimes.com
    In conversation with ETRetail, Nandita Sinha, CEO, Myntra shares how Myntra Beauty is staying ahead of the curve with tech-led assisted selling tools…
  • Omnichannel retail engagement is difficult but doable
    16 Mar 2023, livemint.com
    The retail industry has seen so much change in the last few years that it’s hard to keep up. To satisfy shifting customer demands, brands have moved to omnichannel retailing to serve buyers online and offline…
  • India to help add cool quotient to Benetton as part of CEO Massimo Renon’s global strategy
    16 Mar 2023, retail.economictimes.indiatimes.com
    “India is one of our most important markets and we are implementing a very potent turnaround. Indians love fashion and India is becoming a strategic market for us more and more because it’s bringing a message and benefit to the company around the world and across the board.”…
  • Zara owner Inditex seen outshining H&M in fast-fashion showdown
    16 Mar 2023, retail.economictimes.indiatimes.com
    Both H&M and Inditex have been forced to hike their prices as the cost of producing garments increased, but Inditex – whose other brands include Massimo Dutti, Pull & Bear, and Oysho – has been better able to keep selling clothes at higher prices…
  • We expect 15-20% YoY volume growth for next 3-4 years, says Praveen Jaipuriar, CEO, CCL Products (India)
    16 Mar 2023, retail.economictimes.indiatimes.com
    CCL, known as Continental Coffee Limited, follows a cost-plus model, speaking of which Jaipuriar said, “We majorly focus on volumes as value growth becomes its derivative eventually because the coffee prices keep changing in the market.” So, he expects a value growth of about 40-45 per cent by the end of this fiscal…
  • Dairy sector to see robust sales growth with early onset of summer
    16 Mar 2023, retail.economictimes.indiatimes.com
    While demand has risen, supply of milk in the country has been decreasing, in part due to prevalence of lumpy skin disease, increase in cattle feed cost and higher export of ghee and butter in the previous year. During this period, several dairy firms have increased milk prices by Rs 2 per litre four to five times…
  • Rajdhani Foods enters breakfast and snacking segment
    16 Mar 2023, retail.economictimes.indiatimes.com
    The company, known for its flagship Rajdhani Besan, has launched products such as corn flakes, choco flakes, oats, roasted chana, makhana, and sabudana. The retailer claimed that it uses fresh and hand-picked ingredients, which are packed and processed in hygienic conditions with advanced equipment, ensuring that no impurity is left behind…
  • Metro Cash & Carry India launches learning platform to drive awareness about kirana digitisation
    16 Mar 2023, retail.economictimes.indiatimes.com
    “Five years ago, we brainstormed and conceptualized our ‘Smart Kirana program’ wherein our aim was to help kiranas transform by digitalizing and modernizing their operations. Kiranas saw huge value in our program after witnessing over 40-50 per cent growth in their sales and improved cash flows and footfalls,” commented Arvind Mediratta, MD & CEO, Metro Cash & Carry India…
  • Urban Ladder aims to double store count by March 2024
    16 Mar 2023, retail.economictimes.indiatimes.com
    “We are extremely elated to open our 50th Urban Ladder retail store in India, and we hope that it is only the first of many milestones to come. We have a robust expansion plan to cater to consumers across various metro and non-metro markets,” commented Nishant Gupta, CBO, Urban Ladder…
  • Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown
    16 Mar 2023, retail.economictimes.indiatimes.com
    While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. South Korea’s Samsung launched products to meet those aspirations and offered innovative financing schemes that made them affordable to most…
  • Versicles Unveils Innovative Retail Solutions at Aahar International Fair
    16 Mar 2023, hindustantimes.com
    VendNGo enables customers to place orders from multiple restaurants at once and then facilitates the delivery of the food to a pickup kiosk…
  • Qpay Emerges Top Choice For Digital Payments In Rural India
    16 Mar 2023, theblunttimes.in
    Located in India, this digital mobile payment system facilitates a wide range of transactions, including mobile recharges, postpaid, DTH, gas bookings, electricity bills, FASTag, loan payments, and broad-line/landline connections…
  • TimeVallée, Tata group in alliance for luxury watches
    16 Mar 2023, livemint.com
    Swiss luxury goods group Richemont has partnered with the Tata group to launch its digital multi-brand boutique, TimeVallée, in the Indian market that will offer six luxury watch brands—Cartier, Piaget, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, and Roger Dubuis…
  • M3M India acquires 3-acre land for Rs 250 crore in Noida
    16 Mar 2023, moneycontrol.com
    The real-estate firm plans to develop a 9-lakh sq ft commercial project in Noida Sector 72. The company believes the demand for studio apartments will be strong in this part of Noida as many IT companies are located here…
  • Hitachi Expands Offline Presence in Delhi NCR
    16 Mar 2023, indianretailer.com
    Cementing its leadership position in North India, Johnson Controls-Hitachi Air Conditioning India, manufacturer of one of India’s largest-selling air-conditioner brands ‘Hitachi Cooling and Heating’ is planning to widen the presence of its exclusive brand outlets across the region…
  • India to help add cool quotient to Benetton as part of CEO Massimo Renon’s global strategy
    16 Mar 2023, economictimes.indiatimes.com
    The global chief executive of Benetton Group said India is critical for rebuilding the “coolness” quotient of the Italian clothing brand globally, part of its wider strategy to turn the retail chain around and fight back against fast fashion rivals…
  • Praakritik Launches Delivery of Organic Fruits and Vegetables in Bangalore
    16 Mar 2023, indianretailer.com
    Praakritik has tied up with Bhoomi India Agtech Pvt. Ltd to diversify its product offerings by launching organic fruits and vegetables on its platform…
  • SBI Collaborates with Pay Point India to Setup Kiosk Banking in Retail Stores
    16 Mar 2023, digitaljournal.com
    In an endeavour to attain financial inclusion across the country, State Bank of India and Pay Point India leverage the retail network to setup kiosk banking services in remote areas…
  • Mufti Expands Product Portfolio, Unveils Spring Summer Collection 23
    16 Mar 2023, indianretailer.com
    Mufti, airborne since 1998, has redefined men’s fashion with its unique and fresh designs. Mufti has always given its customers something different to wear every season. So, this spring and summer season it brings you a brand-new collection of men’s wear SS23 to glam up your wardrobe with style quotient. ..
  • Wakao Expands Product Portfolio, Introduces The Continental Burger Patty
    16 Mar 2023, indianretailer.com
    Indulge in a novel culinary experience that is not only delectable but also sustainable and ethically sourced – it’s time to tantalize your taste buds with Wakao Foods’ latest creation, the Continental Burger Patty…
  • CCI clears Reliance’s $344 million buy of Metro’s local business
    15 Mar 2023, retail.economictimes.indiatimes.com
    The deal, announced nearly three months ago, will help Reliance strengthen its wholesale format and cement its position as the biggest player in India’s burgeoning retail industry with stores spanning electronics, groceries and fashion…
  • Toys ‘R’ Us shuts store within 24 hr of opening in Hyderabad
    15 Mar 2023, retail.economictimes.indiatimes.com
    New Delhi, Mar 14 (PTI) American toy and clothing retailer Toys ‘R’ Us is said to have shut within 24 hours a store it opened in Hyderabad to mark its second entry into India over some legal complexities with the mall owner, sources said…
  • Puma outsells rivals to log 46% rise in revenue
    15 Mar 2023, retail.economictimes.indiatimes.com
    A year ago, it had sales of ₹2,044 crore. The retailer said increasing awareness about fitness and surging demand for athleisure wear helped the segment while increasing travel boom led to people spending more on casual wear. ..
  • B2B grocery marketplace Jumbotail raises Rs 75 cr debt
    15 Mar 2023, retail.economictimes.indiatimes.com
    The e-tailer plans to use the funds to build sourcing capabilities and invest in AI-driven technologies to drive higher customer wallet share and further grow their net revenues by 100 per cent, on the back of going deeper in the cities to connect with kiranas and retailers. The company targets to expand its retailer base and reach over 80 per cent of penetration of the addressable market from the current 60 per cent in the next 12 months…
  • Bikano aims Rs 1,800 cr turnover in FY24, focuses on expansion in North & East regions
    15 Mar 2023, retail.economictimes.indiatimes.com
    This new plant will help Bikano’s long-term strategy, which is a focused expansion in the northern and eastern regions of the country. It will meet the increased demand from the region and expand its market footprint. “By setting up a new facility, the company plans to improve its supply chain efficiency, reduce transportation costs, and better serve its customers in the northern part of the country,” the company said in a statement…
  • Summer Rush: Consumer companies’ production in top gear
    14 Mar 2023, retail.economictimes.indiatimes.com
    White goods makers are increasing production and running their cooling product line of air conditioners, refrigerators, coolers and chest freezers at 90-100% capacity compared with 60-70% in January-February. Even fast-moving consumer goods (FMCG) and beer companies are running their assembly lines at full steam…
  • Tata Consumer Products to continue focusing on the FMCG segment, says Puneet Das, President – Packaged Beverages
    15 Mar 2023, retail.economictimes.indiatimes.com
    Puneet Das, President – Packaged Beverages (India and South Asia), Tata Consumer Products said, “We have taken this hyperlocal approach as we want to leverage our regional expertise at the national stature.”..
  • Fragrance and flavour industry to touch over $5 bn in 3-4 years: Industry body
    15 Mar 2023, retail.economictimes.indiatimes.com
    The fragrance and flavor industry in India is likely to grow at a rate of 12% each year over the next three to four years, reaching a size of over USD 5.2 billion by the end of this period. This growth is being driven by factors like rising disposable incomes and changing consumer preferences. The major user industries of this segment are food and beverages, personal care, homecare, pharmaceuticals and cosmetics, and these include major multinational companies, domestic companies and small businesses…
  • Maggi NFTs to be launched in OneRare Foodverse
    15 Mar 2023, thehindubusinessline.com
    Nestle India will be launching Non-Fungible Tokens (NFTs) of its brand Maggi in the OneRare Foodverse. Under this partnership, Maggi will launch their iconic offerings — recipes made with Maggi Noodles, Masala-ae-Magic, and Hot & Sweet — as NFTs that can be used in the foodverse…
  • IIPA and Amazon India Sign MoU
    15 Mar 2023, adgully.com
    The Indian Institute of Public Administration (IIPA) and Amazon India today signed a memorandum of understanding (MoU) to explore collaboration on several joint initiatives, aimed at empowering consumers to shop online with greater confidence…
  • Bagline Expands Offline Presence in Bengaluru and Hyderabad
    15 Mar 2023, indianretailer.com
    Bagline is bringing the exclusive Tommy Hilfiger Travel Gear collection of luggage, backpacks, business cases, and wallets to Bengaluru and Hyderabad! The well-known brand from Brand Concepts Limited has expanded its footprint to South India with two lavish new stores in Bengaluru and Hyderabad…
  • Versicles is launching new Smart Kiosk and Click & Collect Retail Solutions at Aahar International Fair in Delhi
    15 Mar 2023, theprint.in
    VendNGo’s platform will be displayed at AAHAR, the International Food and Hospitality Fair in Delhi, from March 14-18, 2023. AAHAR is one of Asia’s best-known brands in food and hospitality shows. And it is a well-known destination for global vendors and sourcing professionals…
  • Reliance Retail, other top brands eye ‘Value’ space after Zudio’s succes
    15 Mar 2023, economictimes.indiatimes.com
    The success of Tata Group’s Zudio that sells clothes below Rs 1,500 has prompted Reliance, Shoppers Stop and several global brands to enter the mass-priced retailing segment…
  • VAHDAM India Forays into the Spice Market, Introduces VAHDAM Spices
    15 Mar 2023, indianretailer.com
    VAHDAM India has announced the launch of VAHDAM Spices, a new product category for the company with the mission to innovate the spices industry…
  • Pansari Group Unveils Mojee Syrup Range, Expands Product Portfolio
    15 Mar 2023, indianretailer.com
    Pansari group has launched its latest range of Syrups named “Mojee” at Asia’s biggest International Food and Hospitality fair “AAHAR-2023”. The syrup will be available in 9 different flavors, including Mojito Mint, Bubblegum, Passion fruit, Blue Curacao, Green Apple, Grenadine, Peach, Watermelon, and Triple Sec…
  • OnePlus Expands Offline Presence with OnePlus Experience Store in Trivandrum
    15 Mar 2023, indianretailer.com
    OnePlus has announced the launch of its first OnePlus Experience Store in Trivandrum, Kerala. The launch of the new OnePlus Experience Store is in line with the brand’s efforts to strengthen its offline presence and create new retail touchpoints for consumers to engage with the brand on a more intimate level…
  • Tata Consumer Products Expands Product Portfolio with New Tea Range
    15 Mar 2023, indianretailer.com
    Tata Consumer Products Limited launched Tata Tea Premium – Street Chais of India, a range of teas celebrating the unique flavors inspired by the streets of India. The launch event was held at Sultanpur Metro station, where Puneet Das, President – Packaged Beverages (India and South Asia), Tata Consumer Products, unveiled the new tea range…
  • Chumbak Onboards Circular Technology Product Relove
    15 Mar 2023, indianretailer.com
    Bangalore-based design-centric brand Chumbak has onboarded circular technology product Relove. Relove allows Chumbak customers to re-sell their pre-loved Chumbak products to interested buyers on the Chumbak website…
  • Silvostyle by PNG Expands Offline Presence in Pune
    15 Mar 2023, indianretailer.com
    Silvostyle by PNG announced the launch of its first stand-alone Flagship store, in Aundh, Pune, which will offer a wide range of Sterling silver High fashion jewelry. The 500 sq.ft store will be the brand’s flagship store in its hometown of Pune…
  • Pabrai’s Expands Product Portfolio, Unveils Packaged Liquid Nalen Gur
    15 Mar 2023, indianretailer.com
    Pabrai’s Fresh and Naturelle Ice Creams, known as the inventors of Nalen Gur Ice Cream, has launched packaged Liquid Nalen Gur to help its customers elevate their household dessert experience…
  • NETGEAR Expands Product Portfolio with the New Orbi RBK863
    15 Mar 2023, indianretailer.com
    NETGEAR has introduced a new addition to its Orbi line. The Orbi 863 Series builds on the award-winning Orbi 850 Series by future-proofing the best seller with a 10Gb Ethernet port, supporting multi-gig internet connections; upgraded antenna design for greater Wi-Fi performance, and a bundled year of NETGEAR Armor, providing homes with an automatic shield of security against internet threats across every connected device…
  • DishiS Jewels Expands Product Portfolio, Unveils New Ring Collection
    15 Mar 2023, indianretailer.com
    DishiS Jewels has announced the launch of its latest collection of Rose-Pattern Rings. These beautiful rings perfectly blend timeless elegance and modern design, making them the ultimate accessory for any occasion…
  • Meatzza Expands Product Portfolio with its Ready-to-cook Range
    15 Mar 2023, indianretailer.com
    Meatzza has introduced the nazakat of Old Delhi Biryani, over a century-old recipe, with Shahi Daawat Mughlai Chicken and Mutton Biryani, to every Indian household from Kashmir to Kanyakumari…
  • CaratLane Expands Product Portfolio with En Vogue
    15 Mar 2023, indianretailer.com
    CaratLane has launched it’s brand new and beautiful collection, En Vogue. This collection is conceptualized, designed, and brought to you for the woman who wants to be a source of aspiration because of her global fashion sensibilities…
  • Amazon cracks deal with DLF Downtown, Jayabheri Properties to acquire eight lakh sq ft space
    14 Mar 2023, retail.economictimes.indiatimes.com
    According to a lease registration document shared by Propstack, Amazon will be paying a rent of Rs 45 to Rs 52 per sq. ft. for the Orange Towers property in Hyderabad, while the Downtown property in Gurugram will attract a rent of Rs 110.5 per sq. ft. for the lease period…
  • All eyes on new HUL Chief Rohit Jawa as FMCG market battles disruptive challenges
    14 Mar 2023, retail.economictimes.indiatimes.com
    HUL’s revenue growth over the past several quarters has been price-led rather than volume driven. However, price increases have a limit and beyond that limit they start hurting consumption. Small sachet packs cannot be the panacea for spurring volumes among the rural and urban poor consumers. In such a scenario, Jawa has his task cut out. One is to ramp up the acquired brands-right from the brands from GSK Consumer Healthcare to the latest DTC brands Oziva and Wellbeing Nutrition…
  • How national logistics policy paves way for the Growth of the supply chain & logistics sector
    14 Mar 2023, retail.economictimes.indiatimes.com
    #etretailscs The Valedictory Keynote Address was delivered by Dr. Surendra Ahirwar, Joint Secretary, DPIIT was on How National Logistics Policy paves way for the Growth of the Supply Chain & Logistics Sector…
  • Godrej Locks aims to grow its digital locks biz to Rs 100 cr in next 3 years
    14 Mar 2023, retail.economictimes.indiatimes.com
    Godrej Locks and Architectural Fittings and Systems reported a revenue of Rs 830 crore in FY 2022 and Rs 650 crore in FY 2021. “In 2021-22 and 2022-23, we’ve added Rs 180 crore each year in our topline. This year too we’ll be adding another Rs 180 crore.” B2B contributes about 10 per cent to lock’s sales for the company, while B2C is about 87 per cent. Under B2C, the brand retails across traditional trade and multi-category hardware stores, modern trade, and online…
  • Wow! Momo Foods brings its 3 brands under one roof with Wow! Eats
    14 Mar 2023, retail.economictimes.indiatimes.com
    The company plans to launch 10 physical outlets of Wow! Eats in the Q1 of FY24. Apart from this, Wow! Eats app to be launched soon to enable online ordering, dine-in, and delivery from all the three brands…
  • Etsy, other ecommerce companies feel squeeze of SVB collapse
    14 Mar 2023, retail.economictimes.indiatimes.com
    Approximately 0.5% of Etsy’s active sellers – or around 2,700 merchants – had their payments delayed on Friday after SVB’s collapse, according to Etsy…
  • Inflation to impact profitability and growth: S&P Business Outlook Survey
    14 Mar 2023, retail.economictimes.indiatimes.com
    The headline value of the index or the net balance declined to 21% in February compared to 28% in October, indicating a weaker degree of optimism. The global average was 32%, whereas the emerging markets averaged 33%, as per the report released on Monday…
  • How ‘Excuseflation’ is keeping prices and corporate profits high
    14 Mar 2023, retail.economictimes.indiatimes.com
    The question here is, in an economy where the consumer is spending freely, how sticky this ‘excuseflation’ will be and how high the Federal Reserve will have to raise interest rates to prompt businesses to reduce prices…
  • Hindustan Unilever . Sanjiv Mehta gears up for next innings
    14 Mar 2023, thehindubusinessline.com
    Sanjiv Mehta, the outgoing MD and CEO at Hindustan Unilever Limited (HUL) is gearing up for fresh innings after he retires in June…
  • Keynote Session: Rise of digitalized kiranas- Building supply chains for the new paradigm of India
    14 Mar 2023, retail.economictimes.indiatimes.com
    #etretailscs The Keynote Session of ETRetail Supply Chain Summit saw Mr. Arvind Mediratta MD & CEO, METRO Cash & Carry India in conversation with Ms. Charu Lamba, Senior Assistant Editor, ETRetail (Moderator)…
  • Liquor vends to be auctioned in Himachal Pradesh after a gap of 5 years
    14 Mar 2023, retail.economictimes.indiatimes.com
    ​​​During the previous BJP regime liquor vends were not auctioned and the allotment was made by renewing the licence with an increase of 10 per cent every year. Highly placed sources told TOI that some liquor traders had approached the chief minister with the request to renew the licenses with annual increase of 10% but latter flatly refused…
  • New beer brands make foray into state liquor market
    14 Mar 2023, retail.economictimes.indiatimes.com
    Having estimated that beer alone makes up nearly 16% of the cumulative annual IMFL sales of the state, these companies are launching their brands here to expand their clientele, primarily the youth. “There is an unavailability of several brands here, mostly due to supply chain issues…
  • Kedaara Capital acquires majority stake in Oliva Skin & Hair Clinic
    14 Mar 2023, retail.economictimes.indiatimes.com
    This is Kedaara’s third investment in the single speciality healthcare segment, and the transaction will provide an exit to InvAscent, which invested in the company in 2014, the statement said. The statement said Avendus has been the exclusive financial advisor for the transaction…
  • Summer hiring spree: Consumer durable firms to increase workforce by upto 30% to support season sales
    14 Mar 2023, financialexpress.com
    Brands across the segment expect demand surge due to the early onset of summer season. A few firms like Haier, Panasonic, Voltas are looking at hiring temporary as well as permanent employees, while others like Godrej Appliances will manage the surge with existing workforce…
  • 5 reasons why NRIs should consider Pune for realty investments in India
    14 Mar 2023, financialexpress.com
    Pune has always been Mumbai’s reasonable and affordable replacement and its housing market has shown consistent growth…
  • The consumption kaleidoscope: what’s driving the rise in India’s retail sector
    14 Mar 2023, retail.economictimes.indiatimes.com
    ​India’s GDP (constant prices) per capita in PPP terms grew 4.5 percent year-on-year over the past 30 years, which has led to most consumer categories becoming 3.5 times larger than they were in 1991. And as the per capita income crosses the $2,000 threshold, consumption is expected to trend upward in line with other developed countries. Signs of this are already visible: the gross domestic savings rate dropped from 34 percent in 2007 to 29 percent in 2021—and a savings loss is a consumption gain…
  • Travel and lifestyle retail brand Bagline launches new store in Bengaluru & Hyderabad
    14 Mar 2023, retail4growth.com
    The Bengaluru store is located on the second ground floor of Mantri Square Mall, while the Hyderabad Store is located on the first floor of the sprawling Sarath City Capital Mall in HITEC City…
  • Personal Care Brand Brillare Now Offers 100 pc Ingredient Transparency
    14 Mar 2023, indianretailer.com
    Brillare, a truly 100 percent natural beauty and personal care brand, offers quality products, made with all-natural ingredients and formulated for high-performance yet safe results…
  • Promate joins hands with Sangeetha Mobiles to boost it’s retail footprint in India
    14 Mar 2023, newspatrolling.com
    Promate, a global leader in Mobile Accessories, has partnered with Sangeetha Mobiles, India’s leading multi-brand retail chain, to strengthen its retail presence in India…
  • Shoppers Stop appoints Kavindra Mishra as chief commercial officer for external brands and CEO for Home Stop
    13 Mar 2023, retail.economictimes.indiatimes.com
    Prior to joining the department store chain, he worked as a managing director and CEO at The House of Anita Dongre. He was previously associated with retail brands including Pepe Jeans, Zovi.com, United Colors of Benetton, Tommy Hilfiger and more…
  • Ace Turtle in partnership with Flipkart launches American toy retailer Toys“R”Us in India; opens store in Hyd
    13 Mar 2023, retail.economictimes.indiatimes.com
    Toys”R”Us is a New York based toy, clothing, and baby product retailer. Ace Turtle in 2021 formed a joint venture with Flipkart and secured licensing rights for Toys“R”Us and Babies“R”Us in India…
  • Asus India eyes to be a market leader in consumer notebook segment in 2023; to expand offline presence to 300 exclusive stores
    13 Mar 2023, retail.economictimes.indiatimes.com
    According to a report by market intelligence firm IDC, Asus India already reached second position in the category behind HP and ahead of Lenovo with a market share of 20.6 per cent in the third quarter last year. The company hopes to maintain its share at about 20 per cent to lead the category this year…
  • Welspun India seeking to tap opportunity in kids segment through pact with The Walt Disney Company: CEO
    13 Mar 2023, retail.economictimes.indiatimes.com
    Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels…
  • Indian soft drink market expected to see significant growth, says PepsiCo bottler Varun Beverages
    13 Mar 2023, retail.economictimes.indiatimes.com
    Varun Beverages Ltd. is PepsiCo’s largest franchise bottler in India. The company is in the process of further expanding its capacities to meet the higher demand expectations, which is expected to drive significant growth across all product categories. This growth is being driven by factors such as shifting population demographics, the rising spending power of young consumers, accelerated urbanization, and growing rural consumption…
  • Cigarette, alcohol sales shine in inflation-hit weak FMCG market
    13 Mar 2023, retail.economictimes.indiatimes.com
    Stability in taxes and stringent action by the government on illicit and smuggled cigarettes helped expand the size of the duty-paid cigarette market. There was no steep increase in taxes on cigarettes since July 2017. The government increased taxes in the latest budget, but the net impact of it is less than 1%…
  • E-grocery market. Walmart’s key revenue driver Flipkart plans big thrust on groceries
    13 Mar 2023, thehindubusinessline.com
    Flipkart, which has a GMV of about $23 billion, is also aiming to increase its presence in smaller cities, to raise its customer base in tier 2,3 cities to 90 per cent from 70 per cent now…
  • Offline sales bring 10-15% of revenue, eyeing 2.5x online sales growth by year end, says Sirona founder
    13 Mar 2023, financialexpress.com
    While the brand’s foray into offline retail has been recent, Sirona is focusing on its offline network of product offerings. “Keeping this in mind, we want to grow our offline channel from base to 70-80 per cent till the end of this financial year,” Deep Bajaj said…
  • IBM Consulting bets on retail, manufacturing and public sectors for growth in India
    13 Mar 2023, thehindubusinessline.com
    Transformation is happening across sectors says Kamal Singhani, Country Managing Partner – IBM Consulting, India/South Asia…
  • Commercial EV startup Altigreen opens first retail experience centre in Mysuru
    13 Mar 2023, economictimes.indiatimes.com
    Venture capital-backed commercial EV startup Altigreen has entered the Mysuru market by opening its new retail experience centre, Mysore-Magnum Ventures….
  • Why India’s knitwear capital is in doldrums
    13 Mar 2023, livemint.com
    Until a fortnight ago, 27-year-old D. Balaji was the production in-charge of a medium-sized hosiery unit in Tiruppur, earning ₹23,000 a month. He is now driving a taxi. The hosiery unit had to let him go after its business plummeted in recent months. “I am looking for another job but not sure when I will find one,” says Balaji.​..
  • Toys”R”Us returns – Ace turtle launches new store in India
    13 Mar 2023, retail4growth.com
    The new Toys“R”Us retail store has been launched at Sarath City Capital Mall in the HITEC City area of Hyderabad and customers across India can also now shop on toysrus.in.​..
  • Affordable French apparel company Kiabi plans India foray
    13 Mar 2023, brandequity.economictimes.indiatimes.com
    Kiabi is owned by The Association Familiale Mulliez (AFM), the holding company of the Mulliez family, which also control Decathlon, Auchan supermarket and about a dozen other retail brands.​..
  • HUL appoints Rohit Jawa as CEO, to succeed Sanjiv Mehta
    11 Mar 2023, retail.economictimes.indiatimes.com
    Rohit Jawa will take over as the new Managing Director & CEO of HUL from 27th June, 2023. He will join the company as CEO designate and Whole-time Director from 1st April, 2023. Rohit will also take over as President, Unilever South Asia.​..
  • Reliance’s Campa Cola may start off a price war this summer
    11 Mar 2023, retail.economictimes.indiatimes.com
    This is the first time Coca-Cola and PepsiCo are being challenged in India – a market they have dominated since the early 1990s…
  • Mensa Brands eyes omnichannel growth for Dennis Lingo and Pebble
    11 Mar 2023, retail.economictimes.indiatimes.com
    Mensa Brands bought Dennis Lingo – a men’s casual wear brand – around 18 months ago and since then the brand has grown 6x in top line and continues to be EBITDA positive. Whereas for Pebble, Mensa has observed 200 per cent growth since its acquisition in June 2022…
  • Indian textile industry: The silent cash cow
    11 Mar 2023, retail.economictimes.indiatimes.com
    Textiles are one of the few industries to throw huge employment opportunities to both the skilled and unskilled workforce – over 45 million direct jobs and another 100 million opportunities in allied sectors. It is also one of the primary sources of employment to include women, especially in rural India. As the 2030 timeline for achieving the United Nations’ 17 Sustainable Development Goals draws closer, women employment and empowerment have assumed priority on the government’s list, and arguably, there cannot be a better sector to realise this dream, especially at a time when India moves towards Amrit Kaal…
  • Need to give special attention to quality of products for export and domestic markets: Goyal
    11 Mar 2023, retail.economictimes.indiatimes.com
    “We need to stop using low-quality products. We need to increase our scale and focus on quality,” the commerce and industry minister said. Goyal asked the industry bodies to participate actively in consultations that will help consumers get the right quality of products…
  • Affordable French apparel company Kiabi plans India foray
    11 Mar 2023, retail.economictimes.indiatimes.com
    Kiabi is owned by The Association Familiale Mulliez (AFM), the holding company of the Mulliez family, which also control Decathlon, Auchan supermarket and about a dozen other retail brands…
  • Lux Industries sets eyes on expanding multi-channel footprint and exports
    11 Mar 2023, thehindubusinessline.com
    Lux Industries is currently present across 46 countries and plans are afoot to increase the count to 60 countries by 2025…
  • Bisleri International aims to scale up revenues, capacity
    11 Mar 2023, thehindubusinessline.com
    Bisleri International aims to more than double its sales from pre-pandemic levels by FY26 on the back of deepening distribution in the top districts of the country and ramping up its manufacturing capacity. It is also going to step up focus on its carbonated drink portfolio…
  • Festive cheer: 35% jump in liquor sales in Kolkata
    11 Mar 2023, retail.economictimes.indiatimes.com
    The sale of liquor surged by almost 35% during Dol and Holi this year compared to previous years, according to estimates of those associated with the industry…
  • Increase surveillance, random sampling of food items to check adulteration: FSSAI tells states
    11 Mar 2023, retail.economictimes.indiatimes.com
    Food Safety and Standards Authority of India (FSSAI) Chief Executive Officer (CEO) “encouraged states/UTs to increase the regular surveillance, monitoring, inspections and random sampling of food products and their compliance with the laid down standards”, according to a statement…
  • AArzooo to launch its own products in smart range of home appliances and electronics
    11 Mar 2023, retail.economictimes.indiatimes.com
    Arzooo’s at present has a distribution reach to over 40,000 retail stores. The company with its own range of products will try to address product offerings and affordability gaps for consumers…
  • A French Culinary Journey awaits you at a new address: PAUL at Select CITYWALK New Delhi

    11 Mar 2023, business-standard.com
    PAUL, the globally acclaimed French restaurant, is now open at Select CITYWALK, Delhi’s most admired shopping center. The latest launch is an addition to a growing food and beverage portfolio for Select CITYWALK, which has recently witnessed multiple new national and international brands opening their doors for patrons…
  • NAGPUR CELEBRATES UNVEILING OF WORLD TRADE CENTER NAGPUR
    11 Mar 2023, rprealtyplus.com
    Nagpur celebrated the unveiling of the World Trade Center (WTC) in the city. Home to Fortune 500 companies, the biggest names in retail and business, and an address that needs no pin code to identify; WTC Nagpur was unveiled to an august gathering at Hotel Center Point, Nagpur…
  • India’s retail realty scaling greater heights
    11 Mar 2023, constructionweekonline.in
    India’s retail real estate sector is showing an upward trend, with more and more brands expanding their footprints and new global brands making inroads into the Indian market. A growing urban population and the growth of organised retail have contributed to this trend…
  • Affordable French apparel company Kiabi plans India foray
    11 Mar 2023, economictimes.indiatimes.com
    Affordable French apparel brand Kiabi, which is present in about 15 countries, is in talks to enter India market, three people aware of the development said…
  • Why modern retail trade has not been able to break the stronghold of kirana stores in India
    11 Mar 2023, economictimes.indiatimes.com
    India’s humongous retail market, estimated to be worth more than $800 billion in 2020, has attracted investments from leading international retailers, the biggest Indian conglomerates, and even first-time entrepreneurs…
  • FedEx to Open First ACC in India
    11 Mar 2023, indianretailer.com
    FedEx has announced plans to open its first Advanced Capability Community (ACC) in Hyderabad, India in 2023. The opening is part of a broader multi-year initiative to strengthen the recruitment and development of the company’s diverse workforce all around the world and build a more efficient and agile organization to enhance how we deliver for our customers…
  • Hy-Vee Expands Offline Presence in India, Opens Global Capabilities Center
    11 Mar 2023, indianretailer.com
    Hy-Vee Inc has officially opened its new Global Capabilities Center, Helpful Smiles Technology (HST) Global, in Bengaluru. The HST Global team will work in conjunction with Hy-Vee’s U.S. technology teams to develop and deliver innovative technology solutions that help make customers’ lives easier, healthier, and happier…
  • LONG READS
    Return Of The FMCG Giants

    11 Mar 2023, fortuneindia.com
    OVER 25% OF DEMAND for Hindustan Unilever (HUL) has come from digital channels in the past year. The ₹52,446 crore revenue fast moving consumer goods (FMCG) company has also launched five digital-first beauty brands…
  • Arzooo Partners with Dixon, Plans to Launch Consumer Durables Products
    11 Mar 2023, indianretailer.com
    Consumer durable marketplace Arzooo is foraying into the consumer durables category with a focus on building a smart range of home appliances. These next-generation products will come with new-age technology, superior quality, and designs. Congruous with the new business proposition, Arzooo has partnered with prominent players in electronic manufacturing – Dixon, Amber Group, and more…
  • Lakme Salon Expands Product Portfolio with BENEATH
    11 Mar 2023, indianretailer.com
    Lakmé Salon has launched the hair and makeup collection – BENEATH – in collaboration with ace designer Vaishali S, at the latest edition of Lakmé Fashion Week X FDCI in partnership with FDCI…
  • Bagrrys India Expands Product Portfolio with Organic Honey
    11 Mar 2023, indianretailer.com
    Bagrrys India Private Limited has announced the launch of Bagrry’s Organic Wild Honey. By foraying into the premium honey and preserves category, the brand aims to enhance the overall experience of consuming 100 percent natural organic honey by providing a wholesome and nutritious solution. Thereby improving the health and well-being of its consumers. With this launch, the brand extends its product portfolio into new categories…
  • New Linen Club store opens in Lucknow
    11 Mar 2023, apparelresources.com
    A new exclusive brand outlet of clothing brand Linen Club has opened in Lucknow at Lulu Mall. The full selection of men’s ethnic and fusion wear is being retailed at the store, all of which are made of linen…
  • ADIA nears buying $500-million stake in Lenskart: report
    10 Mar 2023, retail.economictimes.indiatimes.com
    Lenskart is set to close its funding round amid a global rout for tech companies that’s prompted layoffs in the thousands, depressed investment activity and shaved billions off the valuations of once high-flying startups. The company has grown into India’s largest optical brand and is backed by KKR & Co., SoftBank Group Corp., Temasek Holdings Pte and Premji Invest, among others…
  • Campa is back! Reliance announces launch of iconic beverage brand for new-age India
    10 Mar 2023, retail.economictimes.indiatimes.com
    The launch of this brand is in line with the company’s strategy to promote homegrown Indian brands that not only have a rich heritage but also boast a deep-rooted connection with Indian consumers due to their unique tastes and flavours…
  • Electronics prices cool off after 3 years as companies pass on benefit of lower input, freight costs to consumers
    10 Mar 2023, retail.economictimes.indiatimes.com
    Smartphone brands are offering 5-15% discount on some models with demand continuing to be low while refrigerator manufacturers like LG, Samsung and Haier have dropped prices of popular models including entry-level ones by up to ₹4,000…
  • Rural demand hit but month–on-month, things getting better as feel-good factor emerges: Lalit Agarwal, V-Mart
    10 Mar 2023, retail.economictimes.indiatimes.com
    “At lower price points, products are getting much more attention and much more attraction. We are seeing consumers coming back to the lower price point product but there is still a little bit of concern and stress on the higher price point products. That is where consumers are not spending on the higher price point product and that is very logical.”…
  • New e-commerce rules may block inventory-based sales
    10 Mar 2023, retail.economictimes.indiatimes.com
    The policy, which has been in the works for several months, has been revived with inter-ministerial consultations on the issue having begun over the last few weeks. Unlike the last time, when howls of protest by the e-commerce giants promoted the government to go slow, this time the consumer affairs department is moving with caution to ensure that there is no disruption…
  • Gem, jewellery exports rise 24% to Rs 28,832 crore in Feb: GJEPC
    10 Mar 2023, retail.economictimes.indiatimes.com
    The total export of gold jewellery (plain and studded) rose 29.89 per cent in February to Rs 5,829.65 crore against Rs 4,488.30 crore in the year-ago period…
  • IndiaArvind, Donear, 10 others in race to buy Bombay Rayon
    10 Mar 2023, retail.economictimes.indiatimes.com
    Donear Group’s GBTL has bid for all assets, while Arvind has bid for all categories except equity of BRFL Textile, according to a list of applicants disclosed by resolution professional Satish Kumar Gupta on the company’s website. Welspun’s Nakoda Cotton Industries submitted EoI for all categories except equity and bonds of BRFL Textile…
  • Nandus crosses Rs 100 cr revenue in 10 months; eyes Rs 200 cr for next fiscal
    10 Mar 2023, retail.economictimes.indiatimes.com
    Currently, the hyperlocal brand operates 50 plus stores across Bengaluru and Hyderabad. It plans to launch 20 new omnichannel outlets in the next financial year….
  • U.S. grocery retailer Hy-Vee opens capability centre in BLR
    10 Mar 2023, retail.economictimes.indiatimes.com
    Hy-Vee, which claims to be one of America’s top 3 grocery store chains, runs more than 550 retail outlets across eight states in the United States and records sales of more than USD 13 billion annually…
  • Rules for invasive gadgets likely under Digital India Act: Rajeev Chandrasekhar
    10 Mar 2023, retail.economictimes.indiatimes.com
    The draft of the Digital India Act will be firmed up after two more rounds of discussion with stakeholders, the minister said after the first consultation in Bengaluru…
  • Noida region continues to be among India’s most preferred investment markets – Here’s why
    10 Mar 2023, financialexpress.com
    The region of Noida, which is situated close to Delhi and spread across 1400 sq km, will continue to be one of the most favored investment markets in India, not just for big investors and corporates but also retail investors, HNIs, and smaller business owners, among others…li>

  • Digital & Tech ‘Propel’ Retail and FMCG Sectors to Reinvent in the New Normal
    10 Mar 2023, indianretailer.com
    As FMCG and retail brands rebound post-pandemic with increased consumer spending, there is an evolving consumer behavior influenced by technology and digital providing quick access, delivery, and convenience, and consumption patterns are more nonlinear backed with constant connectivity,…
  • Decoding organised modern trade retail: How different store formats work for Bharat and India
    10 Mar 2023, economictimes.indiatimes.com
    India’s grocery market is full of opportunities and challenges unique to the country. A population of 1.4 billion people and a market size of $800 billion make it one of the most lucrative markets…
  • Timezone Expands Offline Presence in Kerala
    10 Mar 2023, indianretailer.com
    “God’s Own Country” is ready to witness a new era of entertainment with the arrival of the much anticipated Timezone, the premier Australian family entertainment center brand that has been delighting guests all across the Asia Pacific. The sprawling 18,000+ sq. ft. vibrant gaming zone has made its debut at HiLite Mall in Calicut and boasts – of the latest gaming options, rides, and attractions which are ideal for all age groups…
  • Marie Claire Paris Expands Offline Presence, Opens Store in Indore
    10 Mar 2023, indianretailer.com
    Marie Claire Paris Salon has forayed into Madhya Pradesh with the launch of its first salon at Vijaynagar, Indore which is owned by Kartavya Yadav. The unisex Salon follows a Parisian culture, inspired by the Paris Fashion Week…
  • PVR Cinemas Expands Offline Presence, Opens 11-screen Multiplex in Chennai
    10 Mar 2023, indianretailer.com
    Film exhibition company PVR Cinemas post the merger with INOX Leisure Ltd has opened an 11-screen multiplex at Phoenix Market City, the company said. The opening of the 11-screen multiplex also made the exhibition company breach the 100-screen milestone in the city following the merger with INOX Leisure, PVR Cinemas said…
  • Shiseido partners Shoppers Stop to expand its footprint in India
    10 Mar 2023, retail4growth.com
    Shiseido Asia Pacific Pte. Ltd. has signed a strategic distribution partnership agreement with Global SS Beauty Brands Limited, a subsidiary of Shoppers Stop, through which the Shiseido Group will launch its global make-up brand NARS Cosmetics in key cities in India.
  • India likely to surpass China as largest international market this year: Walmart CFO
    09 Mar 2023, retail.economictimes.indiatimes.com
    Walmart CFO John David Rainey said ecommerce marketplace Flipkart and online payments app PhonePe, both owned by Walmart, are market leaders and that both companies have huge opportunities to tap going forward…
  • Apple to shake up international sales operations to make India its own region
    09 Mar 2023, retail.economictimes.indiatimes.com
    The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the Asian nation increased prominence inside the tech giant, according to the people, who asked not to be identified because the move hasn’t been announced…
  • Zouk, The Chhaunk & JhaJi Store: Businesswomen who hit it big
    08 Mar 2023, retail.economictimes.indiatimes.com
    As there is a continuous shift of brands to online marketplaces, women now have an equal and realistic chance to make their mark in the D2C space. On this backdrop, the women leaders share their insights with ETRetail on the changing landscape in the retail industry…
  • HUL to expand nano factories for D2C brands, premium products
    09 Mar 2023, thehindubusinessline.com
    FMCG major to set up two more factories in western part The factories have reduced the innovation lead time by 40 per cent, wastage by 30 per cent, and improved agility by 30 per cent with regards to the number of SKU made by HUL…
  • Deliveroo to expand India Development Centre by 2023 end
    09 Mar 2023, retail.economictimes.indiatimes.com
    British online food delivery startup Deliveroo, which set up its largest tech hub outside UK with an India Development Centre (IDC) in the city in March 2022, plans to ramp up IDC headcount to over 200 by 2023 end from existing 140 techies…
  • APEDA inks MoU with Lulu Hypermarket for export promotion of millets in GCC countries
    09 Mar 2023, fnbnews.com
    In a move to harness export potential of millets to the Gulf Cooperation Countries (GCCs), the Agricultural and Processed Food Products Export Development Authority (APEDA), that works under the Ministry of Commerce, Government of India, has signed a Memorandum of Understanding (MoU) with Lulu Hypermarket LLC…
  • Cantabil Retail India Ltd. celebrates the launch of its 25th retail store launch in Pink City ‘Jaipur’
    09 Mar 2023, apnnews.com
    Cantabil Retail India Ltd., one of India’s leading apparel manufacturer and retailer, celebrated the grand opening of its 25th store in Jaipur. Spread across an area of 610 sq. ft., this brand’s store is located at one of Jaipur’s prime locations, the Mall of Jaipur, Vaishali Nagar and is easily accessible to customers…
  • Crompton Greaves Revives India’s Ceiling Fans industry with Design and Operational Excellence
    09 Mar 2023, indianretailer.com
    Crompton Greaves has had a legacy 90 years old and counting in India. The top electrical consumer durables company has dominated the domestic fans business with a current market share of 27%. It has also acquired Butterfly, a kitchen and small domestic appliances brand, in March, 2022, and pledges to democratize energy efficiency now…
  • India’s Retail Giant #Reliance to Accept CBDC at Stores – Latest Tweet by TechCrunch
    09 Mar 2023, latestly.com
    SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.
  • Over 48% of women prefer cash over digital means: Report
    09 Mar 2023, livemint.com
    In an interesting insight, PayNearby, India’s leading branchless banking and digital network, today said that more than 10,000 women entrepreneurs have dispensed over ₹900 crores of financial services in the last financial year…
  • D2C Silver Jewellery Startup GIVA Secures $4.8 Mn Debt Funding From Alteria Capital
    09 Mar 2023, inc42.com
    D2C silver jewellery startup GIVA has raised INR 40 Cr ($4.8 Mn) debt funding from venture debt firm Alteria Capital…
  • International Women’s Day 2023: How women are influencing the landscape of the retail industry?
    08 Mar 2023, retail.economictimes.indiatimes.com
    As there is a continuous shift of brands to online marketplaces, women now have an equal and realistic chance to make their mark in the D2C space. On this backdrop, the women leaders share their insights with ETRetail on the changing landscape in the retail industry…
  • B2B e-tailer Udaan doubles its staples biz, sees 45% QoQ growth
    08 Mar 2023, retail.economictimes.indiatimes.com
    Talking to ETRetail, Arvind Chari, business head (staples category) at Udaan said that the e-commerce platform saw a quarter-on-quarter growth of 45 per cent in its staples business. In terms of tonnage, he claimed that Udaan shipped more than 1.5 lakh tonnes of staple products during October–December quarter. While on a yearly basis, the company shipped over 9 lakh tonnes of products in the essentials category of which 7.5 lakh tonnes were staples…
  • Online fashion retailer Zalando to focus on profitability after 2022 slump
    08 Mar 2023, retail.economictimes.indiatimes.com
    In February, ​Zalando said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a difficult economic environment since the coronavirus pandemic…
  • Emami eyes D2C bets in personal care, healthcare
    08 Mar 2023, livemint.com
    Emami Ltd is open to investing in more direct-to-consumer (DTC) brands, especially in personal care and healthcare segments, as the homegrown fast-moving consumer goods company looks at expanding presence beyond its core categories…

  • Walmart will derive more profit from services, ad sales in next 5 years: CFO


    08 Mar 2023, retail.economictimes.indiatimes.com
    More of Walmart’s future profitability is likely to come from its sales of ads on Walmart.com and from fees it collects from merchants using its online marketplace and delivery services, than from sales of merchandise at its 10,000 stores, its chief financial officer said on Tuesday…

  • Room for growth if consumers take to proper oral care habits, says Colgate MD & CEO
    08 Mar 2023, thehindubusinessline.com
    Prabha Narasimhan took over as the MD & CEO of Colgate-Palmolive India in September 2022 after a long stint at HUL. She took over at a challenging time for the oral care major, with inflation crimping demand for consumer goods…
  • Smartphone brands go slow on new model launches on muted demand
    08 Mar 2023, retail.economictimes.indiatimes.com
    The first two months of 2023 saw 28 major smartphone models introduced in the market, as compared to 36 in 2022, as per ET’s analysis. Out of them, 18 models are priced above ₹20,000, while six were launched in the ₹10,000-20,000 segment…
  • Blue Star to take up expansion at Dadra and Sri City manufacturing facilities
    08 Mar 2023, retail.economictimes.indiatimes.com
    Blue Star Ltd., a home appliances company, is expanding its production facilities in Dadra and Sri City, Gujarat and Andhra Pradesh, respectively. The company expects to register about Rs 8,200 crore in revenue this year. The new initiatives undertaken by Blue Star include the production of deep freezers at its facilities in Dadra and Sri City…
  • Unlocking a new dimension to its digiverse, DLF Malls introduces ‘Beyond The Brand’
    08 Mar 2023, contentmediasolution.com
    Adding to its vast digiverse of creativity & innovation, DLF Malls introduced a new approach to engage with and entertain its patrons by launching, Beyond The Brand, an interactive video web-series with Ms. Pushpa Bector, Executive Director, DLF Retail, as the host. The first season went on Friday, 3rd March, packaged as a four-part series, with episodes all set to release fortnightly with a focus on Curated Indian Brands…
  • #EmbraceEquity: DLF Mall of India celebrates International Women’s Day 2023
    08 Mar 2023, apnnews.com
    Equity isn’t just a nice-to-have, it’s a must-have. A focus on gender equity needs to be part of every society’s DNA and it’s crucial to recognise the difference between equity and equality..
  • Top 20 Most Promising Leasing Non-Residential Real Estate In India 2023
    08 Mar 2023, inventiva.co.in
    Real estate is a crucial component of any economy, serving as a tangible representation of economic growth and development. India’s real estate market is no exception, with a diverse range of non-residential properties available for businesses and investors looking to expand their operations and increase their revenue…
  • Retail Outshines Most Industries across All Workplace Culture Aspects
    08 Mar 2023, indianretailer.com
    The retail sector is excelling in workplace culture in all aspects as compared to other industries such as technology, manufacturing, healthcare, food, and beverages, to name a few. The difference between retail and other industries ranges from 1 percent to 4 percent based on employee perception in a survey of over 1.7 lakh employees, including 78 percent men and 22 percent women, mostly between the ages of 26-24 years…
  • Reliance Retail Eyes Offline Presence of Tira
    08 Mar 2023, indianretailer.com
    Reliance Retail plans to open offline stores of its soon-to-be-launched e-commerce beauty platform Tira also, a top company official said. The company would open its first offline Tira store in Mumbai and plans to expand its presence in the country, both in a ‘shop-in-shop’ format and standalone stores..
  • ‘Strong rebound in physical retail stores’
    08 Mar 2023, livemint.com
    A person upgrading from bicycles to motorcycles is a real sign of progress for India, but its pace has slowed post the pandemic since covid and high inflation have impacted the lower segment in the country more than the higher segment, said Gautam Hari Singhania, chairman and managing director of Raymond Ltd…
  • Spinny Expands Offline Presence, Opens Experiential Hub in Pune
    08 Mar 2023, indianretailer.com
    Spinny has announced the launch of Spinny Park, a one-of-its-kind experiential hub, at Post Wakad near Hinjewadi village, Pune. The park concept enhances the car-buying experience for customers in the city, through its handpicked car collection and expansive, state-of-the-art space..
  • Cantabil Retail marks its 25th store milestone in ‘Pink City’
    08 Mar 2023, retail4growth.com
    Cantabil Retail, which has opened its 25th store in Jaipur, says it is eyeing Rs 1000 crore revenue with an increased focus on tier II- III markets and robust plans of expansion, opening 80 to 90 stores every year…
  • Making Fashion-First, Accessibility and Inclusivity the New Normal in 2023
    08 Mar 2023, indianretailer.com
    The Indian footwear market has been on a boom for the last decade and this trend is expected to continue for the coming two decades. With changing patterns of consumption, India has become the second-largest consumer of footwear. While the global footwear market size is $224.6 billion, the Indian footwear market accounted for $23.73 Billion in 2022 and is poised to grow at 6.77 percent annually…
  • Noise Collab with HRX Introduces Noise HRX Bounce Smartwatch
    08 Mar 2023, indianretailer.com
    With the aim of promoting a healthy lifestyle and making the running community more accessible, Noise partnered with HRX for their inaugural half marathon, which was held on March 5th, Sunday in Mumbai. Noise also launched Noise HRX Bounce at the marathon, its new smartwatch built for sport, encouraging consumers to make fitness a part of their everyday regime without having to compromise on the style element…
  • Sid’s Farm Expands Product Portfolio, Introduces Packaged Sweet Lassi
    08 Mar 2023, indianretailer.com
    Sid’s Farm has announced the launch of its new product, ‘Sweet Lassi’, to coincide with the festive celebrations of Holi so that people may enjoy the season of giving and feasting with greater wholesomeness. The Sweet Lassi, packed in 200 ml recyclable food-grade disposable cups, is attractively priced at Rs 30 to appeal to both the young as well as the young at heart…
  • Real estate projects becoming unviable due to high construction, capital cost: Tata Realty MD & CEO
    07 Mar 2023, retail.economictimes.indiatimes.com
    When asked about the factors making projects unviable, Dutt pointed out, “Real estate requires a lot of capital in India, first of all to acquire land. In major cities such as NCR, Mumbai and Bengaluru, it (land cost) is almost 50 per cent to 80-85 per cent of the project cost.”..
  • Indian retail industry to reach USD 2 trillion by 2032: Reliance Retail Director Subramaniam V
    07 Mar 2023, retail.economictimes.indiatimes.com
    “The retail market is projected to grow at 10 per cent annually to reach a whopping 2 trillion by 2032 making it the fastest growing retail market of the world,” Subramaniam said at an event organised by industry body FICCI here…
  • Good Glamm gets 90% stake in The Moms Co as founders exit
    07 Mar 2023, retail.economictimes.indiatimes.com
    The Moms Co founders to stay on board, can divest their pending 10% stake in the next one year…
  • Reliance Retail plans offline presence of online beauty platform Tira
    07 Mar 2023, retail.economictimes.indiatimes.com
    According to sources, there could be several tech interventions at the proposed Tira stores, including customised recommendations and virtual try-ons. Tira could be retailing luxury products under a specialised category called Tira Red, he added. Last year, Reliance Retail Ventures Ltd (RRVL) bought a controlling stake in makeup and personal care brand Insight Cosmetics, which has the largest opening price points at leading e-commerce platforms such as Amazon, Flipkart and Nyka…
  • FMCG industry hopeful of rural market bouncing back in coming quarters: Emami MD
    07 Mar 2023, retail.economictimes.indiatimes.com
    Moreover, after the pandemic, the fundamentals of the retail landscape have changed and companies have invested in digital transformation to be relevant and competitive, Agarwal said while speaking in a session of an event organised by industry body FICCI…
  • Government to bring retail trade policy to promote ease of doing biz for traders
    07 Mar 2023, retail.economictimes.indiatimes.com
    The Department is also in the process of formulating an insurance scheme for all the retail traders. The accident insurance scheme would particularly help small traders of the country…
  • Consumer companies see green shoots in rural belt in February
    07 Mar 2023, retail.economictimes.indiatimes.com
    ​​Rural demand has revived after more than six quarters in most segments, which were initially affected when consumers suffered earnings loss due to the pandemic and were subsequently hit by record high inflation since last year. These segments have seen some improvement in consumption since January, when sales were either flat or the rate of decline slowed in tandem with the decline in inflation..
  • Unified experience takes the centre stage with rising omnichannel adoption: Unicommerce
    07 Mar 2023, retail.economictimes.indiatimes.com
    From competition to collaboration, technology knits offline & online as one unified experience . ~ Brand Connect Initiative ~…
  • LVMH rejigs beauty division, names Stephane Rinderknech CEO
    07 Mar 2023, retail.economictimes.indiatimes.com
    A former L’Oreal executive with extensive experience in the U.S. and Asia, Rinderknech joined LVMH in 2022 and has been heading the group’s hotels business, which he will continue to also manage…
  • Fashion brand Off Duty raise ₹4 cr in funding
    07 Mar 2023, thehindubusinessline.com
    Off Duty core products include everyday wear denims, pants, and trousers, along with the recently launched men’s denims Off Duty, a fashion brand, has raised ₹4 crore from revenue-based financier Velocity.in…
  • Domino’s launches 20-minute pizza delivery in Bengaluru
    07 Mar 2023, retail.economictimes.indiatimes.com
    Fast delivery promises have routinely caused concern among traffic police departments across the country, as driver safety is often sacrificed for delivering on time. In Chennai, the traffic police had booked 970 delivery executives in a special drive last year for flouting traffic rules. The new Domino’s initiative will not compromise on the safety of the delivery partners, Jubilant FoodWorks chief executive Sameer Khetarpal told ET…
  • Zepto plans expanding instant food delivery
    07 Mar 2023, financialexpress.com
    Quick commerce startup Zepto is planning a larger foray into the instant food delivery market as it looks to expand its reach and tap into the growing demand for quick delivery services…
  • ETRetail Supply Chain Summit: Why Metro Cash & Carry’s Mediratta believes that days of selling on MRP are over
    07 Mar 2023, retail.economictimes.indiatimes.com
    ​“We have worked with over a million kiranas and told them that the days of selling at MRPs are over,” he commented while speaking at the third edition of the ETRetail Supply Chain Summit held last week in Mumbai…
  • FMCG, dairy firms betting on strong double-digit sales growth this summer season
    07 Mar 2023, retail.economictimes.indiatimes.com
    Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory…
  • Malabar Gold & Diamonds opens modern integrated complex
    07 Mar 2023, retail.economictimes.indiatimes.com
    Located at Kinfra Park, Kakkancherry in Malappuram district, the integrated jewellery unit has been set up at a sprawling area of 1.75 lakh sq. ft with an investment of Rs.250 crore…
  • Sales of consumer products pick up marginally as inflation cools
    07 Mar 2023, business-standard.com
    Private consumption in India has picked up marginally in the first two months of 2023, compared to the same period last year, taking into account sales of several consumer product companies…
  • Malls doubling up as fulfilment centres for brands
    07 Mar 2023, brandequity.economictimes.indiatimes.com
    Bengaluru-based Prestige’s group has already created a 20,000 sq ft space at recently opened Forum mall and plans to do it at all its upcoming mall while Delhi’s Select City Walk and Urban Square mall, Udaipur are also doing it. At present, malls or in-mall stores are also being used as urban warehouses by the online players to ensure a faster delivery to the customer in a bid to leverage their existing network and reduce fulfilment cost…
  • Nippon Paint to tap construction chemicals market division
    07 Mar 2023, brandequity.economictimes.indiatimes.com
    The products to be launched (in construction chemicals) would be focused on three segments — during construction, post construction and taking up repair and maintenance. With this expansion, Nippon Paint said it also has plans to increase the dealer touch points by 50 per cent. Nippon Paint said liquid based products would be manufactured at its Chennai unit while aerosol-based products would be supplied by acquired companies and volume-based products would be manufactured by strategic manufacturing partners…
  • How Mukesh Bansal got the idea to start Myntra from a Pune mall visit
    07 Mar 2023, businesstoday.in
    Mukesh Bansal is known for building billion-dollar companies like e-commerce platform Myntra and fitness technology firm Cult.fit. Myntra is one of the top direct-to-consumer brands in the country but it is notable how it started out as a brand selling personalised t-shirts and pivoted to later on become a fashion and lifestyle company…
  • Top 20 Most Promising Leasing Non-Residential Real Estate In India 2023
    07 Mar 2023, inventiva.co.in
    Real estate is a crucial component of any economy, serving as a tangible representation of economic growth and development. India’s real estate market is no exception, with a diverse range of non-residential properties available for businesses and investors looking to expand their operations and increase their revenue…
  • State of the Retail in India
    07 Mar 2023, irecwire.indianretailer.com
    In today’s digital era, many retailers have recognized the importance of going digital, especially during the pandemic, and raised their capabilities in e-commerce and digital marketing to access local and global markets through digital channels…
  • ASUS Expands Offline Presence, Opens 200th Milestone Store

    07 Mar 2023, indianretailer.com
    Setting a new milestone in its India journey, ASUS India, Taiwanese tech giant today announced the launch of its 200th store in New Delhi. With the spread over 500 square feet, the exclusive store located in the electronic center of the city – Nehru Place, will provide customers an opportunity to have first-hand experience of the iconic innovations ranging across consumer PCs, gaming laptops, creator series, All-In-One desktops, and other accessories…
  • MPW 2022: Isha Ambani’s journey to dominate India’s retail sector
    07 Mar 2023, businesstoday.in
    Isha Ambani took charge of Reliance Retail in 2014 when the business needed that big push. Since then, it has been a journey marked by growth. Be it raising funds, bringing in new formats, or signing on the marquee names, Ambani, who picked up an MBA from Stanford, has left no stone unturned…
  • How This 2 Decade old Tea Brand is Expanding its Retail Footprint Across India
    07 Mar 2023, indianretailer.com
    India is the second-largest tea producer and largest black tea producer with production at around 1350 m. kg. It is also the largest consumer of black tea, which is around 18 percent of the total world tea consumption…
  • Reliance preps beauty app Tira; 1st store opens in April
    07 Mar 2023, livemint.com
    Reliance Retail’s beauty app Tira is set to go live for customers in coming weeks after the retailer opened up the app for employees last month. Tira branded stores selling skin care and cosmetic products are set to open, too, with the first store expected to open in Mumbai in April…
  • Malabar Group Expands Offline Presence, Opens Studio in Kerala
    07 Mar 2023, indianretailer.com
    Malabar Group has opened its modern integrated complex consisting jewelry manufacturing unit and design studio at Kakkancherry, Kerala. Shri Pinarayi Vijayan, Hon’ble Chief Minister of Kerala, formally inaugurated the state-of-the-art complex set up at the cost of Rs 250 crore…
  • Citykart Expands Product Portfolio, Spring-summer Collection
    07 Mar 2023, indianretailer.com
    Citykart has launched its much-awaited Spring-Summer collection of vivid and vibrant summer colors and prints. The collection is only available offline at Citykart stores in Uttar Pradesh, Bihar, Odisha, Madhya Pradesh, Chattisgarh, and the North Eastern regions…
  • DailyObjects Expands Product Portfolio, Unveils Sustainable Range PANGEA Collection
    07 Mar 2023, indianretailer.com
    DailyObjects has launched a new eco-friendly range of bags with PANGEA Collection. The new collection of bags, made from 100 percent recycled plastic bottles is high on aesthetics, function, and utility, while thoughtfully connecting consumers with the planet through these thoughtful and conscious carryalls…
  • Haldiram’s Expands Product Portfolio, Unveils New Range
    07 Mar 2023, indianretailer.com
    Unveiling the Holi special range, Haldiram’s hosted a dedicated film with the message – “Kuch cheezein badal jaati hain… Nahi badalti rishton ki mithaas, tyohaaroon ki mithaas, Haldiram’s ki mithaas. Manao Khushiyon ke Rang, Haldiram’s ke sang. Kyunki Meetha toh Sirf Meethai hai”…
  • Amazon Aims to Shut 8 Go Stores to Cut Costs
    04 Mar 2023, retail.economictimes.indiatimes.com
    As part of its cost-cutting effort, Amazon plans to shut eight of its Go convenience stores in the US. According to CNBC, the tech giant will close two Go stores in New York City, two locations in Seattle, and four stores in San Francisco on April 1. In addition, the company said it will work to help affected employees secure other roles at the company…
  • ETRetail Supply Chain Summit: ‘Out of stock is unpardonable in supply chain,’ says Zepto COO
    04 Mar 2023, retail.economictimes.indiatimes.com
    “Companies with the ability to forecast closer to the consumption, better lead times, and the agility to update supply chain models and respond quickly to the change in demand will survive and always have an advantage over competitors,” he said…
  • “The fear of failure is the biggest hindrance to innovate,” says Harsh Mariwala
    04 Mar 2023, retail.economictimes.indiatimes.com
    ” It is a myth that innovation requires money. I think the key here is not money but it is the culture of innovation and how brands can drive a culture of innovation in their organisation,” he said…
  • Malls doubling up as fulfilment centres for brands
    04 Mar 2023, retail.economictimes.indiatimes.com
    KBengaluru-based Prestige’s group has already created a 20,000 sq ft space at recently opened Forum mall and plans to do it at all its upcoming mall while Delhi’s Select City Walk and Urban Square mall, Udaipur are also doing it…
  • Jamie Oliver Restaurants announces rapid expansion in India, post Wendy’s sale
    04 Mar 2023, retail.economictimes.indiatimes.com
    Jamie’s in India operates as a partnership between Dolomite and Jamie Oliver Restaurant Group. The latter has 70 restaurants across 23 different countries. The brand is named after Jamie Oliver, television chef and author. “The largest Italian casual dining chain in India with more than 20 stores, Jamie Oliver Restaurants plans to treble its footprint and expand to new geographies to become a national brand,” the company said in a statement…
  • D2C startup Mitra raises Rs 1.5 cr in seed round
    04 Mar 2023, retail.economictimes.indiatimes.com
    Launched in 2022, Mitra aims to use the funds to set up a manufacturing unit to strengthen its products and services. Additionally, the startup aims to focus on expanding its product portfolio and increasing the number of SKUs (stock-keeping units) in its existing brand portfolio…
  • Westlife Foodworld appoints Sohel Nalwalla as director of supply chain and quality systems
    04 Mar 2023, retail.economictimes.indiatimes.com
    At Westlife Foodworld, Nalwalla will be responsible for procurement, quality service, warehousing, and distribution. He will report to the company’s COO, Saurabh Kalra…
  • Kansai Nerolac Paints acquires 40% stake of Nerofix from Polygel for
    04 Mar 2023, retail.economictimes.indiatimes.com
    The Board of Kansai Nerolac Paints (KNPL) has approved the acquisition of shares (40 per cent of the total shareholding) of Nerofix from Polygel for a cash consideration of ₹37 crore…
  • The Future of Retail Beauty Industry in 2023
    04 Mar 2023, indianretailer.com
    The beauty industry has proven to be a resilient one over the past years and will seem stronger in the future. 2023 will be unlike any previous year because of the tremendous technology accelerating the industry. This industry is evolving towards greater transparency and inclusivity. In addition, from personalized skincare products to nostalgic trends and styles, beauty is genuinely evolving self-care…
  • Decathlon eyes multi-brand retail in India
    04 Mar 2023, in.fashionnetwork.com
    French Sportswear business Decathlon is in talks with the Indian government to enable it to retail products from other brands in its brick-and-mortar stores in the country. This would make the business a multi-brand retailer in India, which is how it operates in numerous other countries…
  • STUMBL Collabs with Fashion Creator Masoom Minawala
    04 Mar 2023, indianretailer.com
    STUMBL has joined hands with fashion creator Masoom Minawala. Masoom, who is a Forbes 30 under 30 and one of the most trusted fashion creators in India has invested in STUMBL and will be coming on board as a strategic advisor…
  • Carrera’s Iconic Eyewear range with Tiger Shroff’s Prowl Thrills Indian market
    04 Mar 2023, indianretailer.com
    Cutting-edge, cool, and glamorous, Italian eyewear brand Safilo’s Carrera recently partnered with Bollywood action star Tiger Shroff and his active lifestyle brand, Prowl. The Carrera X Prowl collection, as a result, has been on a full throttle with Shroff launching the collection at Inorbit Mall, Malad, in Mumbai. Ashutosh Vaidya, Managing Director, Safilo India Pvt. Ltd, shared his insights about the brand’s journey onwards and upwards in India…
  • Haldiram’s Expands Product Portfolio, Unveils New Range
    04 Mar 2023, indianretailer.com
    Unveiling the Holi special range, Haldiram’s hosted a dedicated film with the message – “Kuch cheezein badal jaati hain… Nahi badalti rishton ki mithaas, tyohaaroon ki mithaas, Haldiram’s ki mithaas. Manao Khushiyon ke Rang, Haldiram’s ke sang. Kyunki Meetha toh Sirf Meethai hai”. (Some things change but not the sweetness of bond, sweetness of festivities, sweetness of Haldiram’s. Celebrate the colours of joy with Haldiram’s because a mithai beholds the sweetness after all!)…
  • Bagrry’s Appoints Jayant Kapre as MD and CEO
    04 Mar 2023, indianretailer.com
    Bagrrys India Private Limited has announced the appointment of Jayant Kapre as MD and CEO. Kapre will focus on accelerating growth and sharpening the renowned brand’s commercial advantage. As the MD and CEO, he will be responsible for devising and executing a robust growth strategy for Bagrry’s…
  • New apparel and merchandise range launched by Suzuki Motorcycles India
    04 Mar 2023, apparelresources.com
    A new range of apparel and merchandise has been introduced by Suzuki Motorcycles India. The offerings include key chains, T-shirts, riding gear and more. This new 2023 collection takes inspiration from the Suzuki Hayabusa and the ‘lifestyle of a motorcycle enthusiast’ according to Suzuki and will be available at all premium Suzuki Motorcycle dealerships across the country…
  • Adani Wilmar Expands Product Portfolio, Introduces Kohinoor Biryani Kit
    04 Mar 2023, indianretailer.com
    Adani Wilmar Limited (AWL) has announced the launch of Kohinoor Hyderabadi Biryani Kit as part of their expansion of the ready-to-cook range. Under the Kohinoor brand, the do-it-yourself (DIY) biryani kit helps connoisseurs prepare restaurant-like authentic biryani in 30 minutes. The brand-new offering will be available in two variants – Hyderabadi which will be followed by Lucknowi, priced at Rs 159…
  • Livada Expands Product Portfolio, Unveils Collection of Ceramic Mugs
    04 Mar 2023, indianretailer.com
    Every house has a kitchen shelf or drawer specifically for mugs. The different styles of mugs reflect the personalities of family members. Colorful ones for the younger ones, light and elegant tones for the elders, and so on…
  • Swiggy Sells Cloud Kitchen Biz to Kitchens@
    04 Mar 2023, indianretailer.com
    Food and grocery delivery company Swiggy has sold its cloud kitchen business to Loyal Hospitality, which rents out cloud kitchens under the brand Kitchens@…
  • Akums Forays Global Gummies Market with New Innovations
    03 Mar 2023, retail.economictimes.indiatimes.com
    Akums Drugs and Pharmaceutical Limited has announced entry into the nutraceutical gummies segment with a series of novel formulations for wellness and common ailments…
  • Louis Philippe Opens New Store at Viviana Mall, Mumbai
    04 Mar 2023, rli.uk.com
    Louis Philippe, menswear brand from Aditya Birla Fashion and Retail Ltd has launched its largest store in a mall in India at the Viviana Mall in Mumbai. Spread across 5,500 sq. ft. the store is located on the ground floor of the mall a representative of the company announced on social media…
  • Swiggy sells cloud kitchen business to Kitchens
    03 Mar 2023, retail.economictimes.indiatimes.com
    Kitchens@ said that after the acquisition, its combined gross merchandise value would be about $65 million, and the company plans to increase that to $100 million…
  • Bagrry’s appoints Jayant Kapre as MD & CEO
    03 Mar 2023, retail.economictimes.indiatimes.com
    Kapre has over 26 years of experience in the FMCG sector, primarily in the food space. He has held leadership roles at Wrigley, Frito Lay, McVitie’s and Britannia…
  • India has created the right conditions to spur demand: Shailesh Jejurikar, COO, P&G
    03 Mar 2023, retail.economictimes.indiatimes.com
    “Conditions are definitely being set up for demand generation and we have to be able to use these conditions of investment in the infrastructure, digital capacity and human capital,” Shailesh Jejurikar, chief operating officer at Procter & Gamble Co, told ET in an interview…
  • Consumer goods makers expect overall margins to reach pre-Covid levels over next 2-3 quarters
    03 Mar 2023, retail.economictimes.indiatimes.com
    Chief executives of several listed companies told ET and analysts that margin contraction has come down in the December quarter due to moderation in material price. However, the complete recovery will take a couple of more quarters since material prices have not reduced uniformly and in some cases have further gone up in the last few weeks…
  • Cold beverage sales jump early, companies hope for a good summer
    03 Mar 2023, financialexpress.com
    Sales of cold beverages have been soaring for the past one month with the early onset of summer. Soft drink and juice makers have reported a 30-35% year-on-year jump in sales in February, which is unusual for the month…
  • As local manufacturing warms up, made in India wearables, hearables set to storm mkts
    03 Mar 2023, livemint.com
    Fresh off a successful year in 2022, Indian brands selling wearables and accessories are looking at ramping up local manufacturing…
  • Tata Starbucks Launch a New Mobile App
    03 Mar 2023, indianretailer.com
    Tata Starbucks has revamped its mobile application with a host of new features and a completely fresh UI UX. The newly enhanced mobile application focuses on personalization and makes it easier for customers to place their orders with features tailored to their needs…
  • Kudumbashree Associated Sellers Join the ONDC, Aims to Expand Regional Presence
    03 Mar 2023, indianretailer.com
    Kudumbashree is set to launch its products on the ONDC network at the ‘Symposium on Digital Marketing and Launch of Kudumbashree Products on ONDC’ event in Trivandrum, Kerala…
  • Why Blue Tribe is Eyeing Tier II Cities for the Next Phase of Expansion
    03 Mar 2023, indianretailer.com
    In a country that is majorly vegetarian, plant-based meat is both a novel phenomenon, as well as a natural source of protein. India is today seen as a potentially significant emerging market for plant-based meat products…
  • Carl F Bucherer Expands Product Portfolio, Unveils Bucherer Capsule Collection
    03 Mar 2023, indianretailer.com
    2023 marks the 135th birthday of the Lucerne-based Swiss watchmaker Carl F. Bucherer, or CFB: the perfect time to enter a new era. The launch of CFB’s Capsule Collection is not only a special edition to mark this anniversary, but also represents a departure from every other product presentation in the brand’s long history and clearly signals a focus on new horizons…
  • Decathlon in talks with Indian govt to sell other brands: Barbara Martin Coppola, global CEO
    02 Mar 2023, retail.economictimes.indiatimes.com
    India permits 100% foreign direct investment (FDI) in single-brand retail – different products can be sold under one brand, the route taken by companies such as Ikea, Nike and Adidas…
  • PVR-Inox draws up Rs 850-crore expansion plan
    02 Mar 2023, retail.economictimes.indiatimes.com
    As part of the action plan, the merged company will focus on integrating human resources, technology and operations, and once the integrations are complete, it will focus on unlocking cost and revenue synergies, said Bijli. They expect the synergy benefit to come from areas like box office, food & beverage and advertising in terms of revenue…
  • Oppo India appoints Alfa Wang as president
    02 Mar 2023, retail.economictimes.indiatimes.com
    He joined the firm in 2008, and has been in charge of production, procurement, and administration. He has been with OPPO India since 2017, while spearheading the company’s manufacturing…
  • Deepinder Goyal resigns from Urban Company’s board as Blinkit eyes home services space
    02 Mar 2023, thehindubusinessline.com
    Zomato CEO Deepinder Goyal has resigned from Urban Company’s board as Zomato-owned quick delivery app Blinkit is piloting home services similar to Urban Company…
  • Realme eyes top position in India’s smartphone market in next 3 years
    02 Mar 2023, retail.economictimes.indiatimes.com
    Under its new global strategy, the company is also aiming to deepen footprints in core markets such as Europe, South East Asia and China. “Over the next 3 years, we want to achieve leading position in India, 100% growth in Europe besides maintaining 10 million sales in China and to establish the brand among top three in the South East Asia region,” a company executive said during the launch event of GT2 smartphone at the Mobile World Congress 2023…
  • Stumbl ropes in fashion creator Masoom Minawala as investor and strategic advisor
    02 Mar 2023, retail.economictimes.indiatimes.com
    The company said it aims to bring top fashion creators on its platform to curate and recommend fashion and the tie-up will help them acquire and retain top fashion creators…
  • Medimix and Cuticura makers appoint new CEO
    02 Mar 2023, retail.economictimes.indiatimes.com
    Katheriya brings two decades of experience in the consumer goods industry having served in leadership positions at Heinz, Nestle and Emami. Cholayil reports it has doubled turnover in the last four years, and the appointment of new CEO is in the direction of making the company a 1,000 crore plus in the next four-five years…
  • Demand remained muted despite the largely Covid-free festival season in Q3
    02 Mar 2023, business-standard.com
    The numbers are telling. The festival season that came as the Covid shadow receded, too, could not bring cheer to the economy this financial year…
  • Punjab: Agri value chain gets a shot in the arm
    02 Mar 2023, tribuneindia.com
    From strengthening self-help groups (SHGs) to investing in agri value chain, corporate sector, including banks, have lined up expansion plans for Punjab…
  • Musings over the Indian retail and shopper scenario
    02 Mar 2023, brandequity.economictimes.indiatimes.com
    Before the first wave of Covid-19 pandemic and the lockdowns which ensued, exclusive launches and highly discounted pricing made mobile phones and personal electronics categories popular on e-com. With the pandemic, e-com became the go-to channel for fulfilment of various shopping needs, from grocery to medicines and other essentials. However, modern retail, went into de-growth between 2020 and 2021..
  • Sachin Dev Duggal says the optimistic future of the retail market hinges on AI innovations
    02 Mar 2023, indiatoday.in
    By India Today Web Desk: The development of AI has greatly benefitted the retail sector. AI has discovered a method to improve operations across all areas, whether it be in sales, customer relationship management, suggestions, or logistics and delivery. AI, according to Sachin Dev Duggal, is effective, predictive, and accurate. So, it won’t be long until AI-powered checkouts, smarter planograms, and greater in-store interactivity become commonplace to improve both consumers’ and merchants’ shopping experiences…
  • Drools Opens Warehouse in Bhiwandi, Mumbai
    02 Mar 2023, indianretailer.com
    Drools India has announced the opening of a CNF (cost and freight) warehouse in the pet food category in Bhiwandi, Maharastra, India. It has a storage space of 70,000 sq. ft. enabling faster supply chain management and quality control…
  • adidas Expands Product Portfolio with New Football Icon Collection
    02 Mar 2023, indianretailer.com
    adidas is proud to reveal the latest iteration of its football Icons jersey collection featuring throwback replica designs for some of its leading clubs and federations…
  • Rebel Foods to Acquire Franchisee Licensing Rights of Wendy’s
    02 Mar 2023, indianretailer.com
    Rebel Foods will acquire franchisee licensing rights to develop traditional restaurants of Wendy’s in India. The company, which is already the exclusive cloud kitchen (delivery-only) franchisee for Wendy’s, will now completely manage and operate the brand’s traditional restaurants across India…
  • How Nestasia is Becoming India’s Fastest-Growing Artisanal Décor Brands
    02 Mar 2023, indianretailer.com
    One of India’s fastest-growing artisanal home décor brands, Nestasia is the brainchild of entrepreneur couple Aditi Murarka and Anurag Agrawal…
  • The Carl F Expands Product Portfolio, Unveils Bucherer Capsule Collection
    01 Mar 2023, indianretailer.com
    2023 marks the 135th birthday of the Lucerne-based Swiss watchmaker Carl F. Bucherer, or CFB: the perfect time to enter a new era. The launch of CFB’s Capsule Collection is not only a special edition to mark this anniversary, but also represents a departure from every other product presentation in the brand’s long history and clearly signals a focus on new horizons…
  • Bergner Innovates Kitchenware Space with Sustainable New Product Range
    02 Mar 2023, indianretailer.com
    Globally renowned kitchenware brand Bergner took the ‘Healthy. Autonomous, and Hassle-free’ step with the launch of the state-of-the-art MasterPRO product range at The Nook, Mumbai. Five new models of the Air Fryer, each having distinct features and capacities, are going to throng the market from May 2023…
  • Tata Group’s talks over $1 billion Bisleri stake stall
    01 Mar 2023, retail.economictimes.indiatimes.com
    For Tata Group, acquiring Bisleri could have expanded its portfolio of bottled water brands in India. One of the conglomerate’s listed units, Tata Consumer Products Ltd. owns the Himalayan Natural Mineral Water and Tata Water Plus brands…
  • Softbank plans to sell Rs 600-cr stake in Delhivery via block deals today: Report
    01 Mar 2023, retail.economictimes.indiatimes.com
    Japanese multinational conglomerate Softbank Group is looking to sell shares worth Rs 600 crore in Delhivery through block deals on Wednesday, according to reports…
  • IKEA India appoints Elena Pogosova as country commercial manager
    01 Mar 2023, retail.economictimes.indiatimes.com
    Pogosova will be driving the country’s commercial agenda to develop IKEA India’s position in the market, grow the customer base and secure a seamless & positive customer experience, as the company said. She will be part of the country management team at IKEA India under Susanne Pulverer, CEO & CSO, IKEA India…
  • Orient Electric expects higher than industry growth for fans on strong summer demand
    01 Mar 2023, retail.economictimes.indiatimes.com
    ​Sharing how the company is gearing up production and distribution, Khanna shared that Orient is setting up a new state-of-the-art factory in Hyderabad with an investment of Rs 175 crore in a phased manner…
  • Rebel Foods to acquire franchisee licensing rights of Wendy’s to grow its restaurant model in India
    01 Mar 2023, retail.economictimes.indiatimes.com
    Rebel Foods becomes the master franchisee in India to hyper-scale Wendy’s presence across the country through traditional restaurants and cloud kitchens..
  • DS Group partners with Swiss luxury chocolate brand Laderach
    01 Mar 2023, retail.economictimes.indiatimes.com
    The group’s existing brands in the confectionery segment include Pulse and Chingles candy, while its premium retail brands include Le Marche, L’Opera, Uncafe, and Les Petits…
  • Online shopping continues to grow even after Covid-19 pandemic
    01 Mar 2023, retail.economictimes.indiatimes.com
    Consumers continued to shop online last year despite retail chains and malls reporting complete recovery in sales and higher footfalls than pre-Covid period..
  • Many retailers are now betting big on larger outlets
    01 Mar 2023, retail.economictimes.indiatimes.com
    Bigger store means high rental cost for retailers. Hence, they need to increase their revenues. Brands say more than the footfalls it is the conversion rate that matters…
  • Economy grows at a slower pace of 4.4% in December quarter
    01 Mar 2023, retail.economictimes.indiatimes.com
    “Growth momentum carries on but an unfavourable base has led to lower numbers for Q3,” chief economic adviser V Anantha Nageswaran told reporters after the data release…
  • Xotik to enter packaged water biz
    01 Mar 2023, retail.economictimes.indiatimes.com
    Rajeev Sehgal, chairman and MD of Xotik Frujus, pointed out that in few years down the line water would constitute around 20% of its business while ethnic beverages would constitute 80%. Now, the company has presence only in jeera masala segment, the biggest in ethnic drink category…
  • O’2 Nails India raises $150K in seed round led by Real Time Angel Fund, AIC-BIMTECH
    01 Mar 2023, retail.economictimes.indiatimes.com
    O’2 Nails India runs 30 stores across the country and covers 7 states. The company has plans to launch over 100 stores in the financial year 2023-24…
  • Bigger than Lucknow and Noida: India’s biggest Lulu Mall to come up in Ahmedabad
    01 Mar 2023, timesnownews.com
    Recently, the Lulu group has announced that a mall bigger than one in Lucknow will also come up in Noida. Meanwhile, the Ahmedabad Lulu mall will be bigger than the one proposed in Noida…
  • John Jacobs Eyewear Expands Product Portfolio, Unveils Gentlemen’s Edit
    01 Mar 2023, retail.economictimes.indiatimes.com
    John Jacobs, a premium eyewear brand recently launched the Gentlemen’s Edit featuring acclaimed chef, Ranveer Brar and actor and poet Arunoday Singh. The campaign highlights the individual journeys of multi-faceted vanguards, touted to reframe the conventional idea of success in their respective domains…
  • Joyalukkas Jewellery confirms 30 new stores in 2023, including Saudi Arabia, India
    01 Mar 2023, gulfnews.com
    The Dubai-headquartered Joyalukkas Jewellery plans to open 30 stores this year, split evenly between those in new overseas markets and in India, according to the Chairman…
  • Aloka’s team builds AI solutions at Walmart
    01 Mar 2023, timesofindia.indiatimes.com
    It’s an exciting time to work in AI. The advances represented by ChatGPT have made it more so. Aloka Sudhodanan, senior manager of data science at Walmart Global Tech, Bengaluru, is in the thick of it. She says developing an AI-powered solution requires a good understanding of the domain or industry for which you are developing it….
  • Pepperfry Elevates Piyush Agarwal To VP, Supply Chain
    01 Mar 2023, indianretailer.com
    Pepperfry has announced the elevation of Piyush Agarwal to Vice President, Supply Chain. Piyush joined Pepperfry in 2021 and has been instrumental in conceptualizing and driving various initiatives in Supply Chain. Through his commitment to excellence, leadership, and fortitude, Piyush has successfully established a robust warehousing and logistics network for Pepperfry. Anything new?…
  • U&i Expands Product Portfolio, Unveils ‘Swim’ and ‘Liked’ Series Neckbands
    01 Mar 2023, indianretailer.com
    U&i has announced the launch of two new products – Swim Series and Liked Series budget-friendly and premium Neckbands for both works and play. The two wearables feature large 10mm dynamic drivers for an immersive audio experience and a long battery life for non-stop entertainment…
  • Fortune Unveils Campaign to Spread Awareness about Soya Chunks
    01 Mar 2023, indianretailer.com
    Fortune is celebrating National Protein Day with Fortune Soya Chunks, one of the leading brands in the category of Texturized Soya Protein (TSP). TSP is also one of the most preferred substitutes for vegetables and meats…
  • Maishaa Introduces Floral Flourish Collection by Clarke and Clarke
    01 Mar 2023, indianretailer.com
    Luxury home furnishings brand, Maishaa has launched Floral Flourish Collection by Clarke and Clarke. The collection features light, breezy, summery textiles in bright coral hues. Throughout its existence, Clarke and Clarke has built up an authentic textile heritage, combining tradition and new inspiration at every seasonal launch. This time they bring ‘Floral Flourish’…
  • BBLUNT Salons Expands Offline Presence with 3 New Salons in Kolkata

    01 Mar 2023, indianretailer.com
    BBLUNT has launched 3 salons in the city of Kolkata housed in Hungerford Street, Alipore, and Janak Road locations. The salons have been meticulously designed with luxurious hair stations, manicure and pedicure stations, beauty cum bridal rooms, and hair treatment rooms leaving clients spoilt for choice…
  • Hiranandani Group leases 21,000 sq ft in Thane township to INOX
    28 Feb 2023, retail.economictimes.indiatimes.com
    The new multiplex is currently under development in the under-construction Bellona tower at Hiranandani Estate. The tower is expected to be completed in October 2023, with the multiplex opening in January 2024…
  • Reliance Retail aims to become world’s biggest garment seller in 2 years
    28 Feb 2023, retail.economictimes.indiatimes.com
    With more than 4,000 fashion and apparel stores, including brands such as Trends, Centro, Azorte and Fashion Factory, Reliance is by far the market leader in the segment. The retailer sold 430 million pieces of garment in 2022, enough to clothe the entire population of the US and Canada…
  • iD Fresh Food eyes Rs 700 crore revenue in FY24
    28 Feb 2023, retail.economictimes.indiatimes.com
    The brand launched its products in the US and the UK this fiscal year and in the GCC region, it is looking to enter Bahrain, Kuwait, and Qatar…
  • Tata CLiQ Luxury to focus on expanding its assortment of categories in FY24; to bring exclusive international brands
    28 Feb 2023, retail.economictimes.indiatimes.com
    Speaking on Tata CLiQ Luxury’s business strategies, Gitanjali Saxena, CBO of the company explained that apart from metro and tier 1 cities, the main focus will be to acquire more customers in tier 2 and 3 markets as there has been a demand upsurge from these regions…
  • Ossify Industries enters into home appliances category with the launch of HUEQ
    28 Feb 2023, retail.economictimes.indiatimes.com
    The brand is launching 16 SKUs of semi-automatic washing machines, 8 SKUs of fully-automatic washing machines, 5 SKUs of ACs, and 10 SKUs of refrigerators…
  • Metro Brands enters into foot health, wellness and technology space with BioFoot
    28 Feb 2023, retail.economictimes.indiatimes.com
    “Right now, for the next 12 months, we want to focus on getting the model right. We are targeting high-street locations as we feel this is not a traffic-led business. This is also a tier I city play, and it is not yet going to be part of​tier II,” Nissan Joseph explained…
  • Tata Consumer will look beyond F&B into other FMCG segments, says CFO L Krishnakumar
    28 Feb 2023, retail.economictimes.indiatimes.com
    “We have our eyes set not only on F&B but over time, we will look at other categories in the FMCG as well. So that’s the stated aspiration,”L Krishnakumar tells ETCFO in an interview…
  • India Inc’s profit margin narrows in Dec quarter on high inflation: Icra
    28 Feb 2023, retail.economictimes.indiatimes.com
    The interest coverage ratio for the agency’s sample adjusted for sectors with relatively low debt levels like IT, FMCG and pharma witnessed a moderation in Q3FY23 to 4.3 times from 5.1 times on a sequential basis. This was mainly on account of lower earnings in select sectors as compared to historic trend and higher interest rates, it said…
  • Rhyme & Reason: India isn’t said to be a bright spot in the global economy for nothing
    28 Feb 2023, retail.economictimes.indiatimes.com
    India’s claim to ‘bright spot’ fame at the moment is juxtaposed with growth estimate cuts and forecast of weaker growth in the next fiscal year starting April 1. “The growth rates are much higher than what you have for the EMDEs as a group (and for any other country or regional grouping around the world), which is why we have said that India is a relative bright spot. We should not downplay this achievement,” Krishna Srinivasan, director of the Asia and Pacific Department at IMF, said in a media round table…
  • Volumes up for Mondelez despite rising prices
    28 Feb 2023, retail.economictimes.indiatimes.com
    “We got hit by inflation, just like any other company, but you have to be a little smart about how you want to do the pricing. Giving consumers a value is still very critical to stay relevant. You can’t wish away commodity inflation. At the same time, you can’t price such that you lose the value proposition.”…
  • Consumer demand to stay low, tough times ahead for Indian startups
    28 Feb 2023, retail.economictimes.indiatimes.com
    Consumer perception of the general economic condition continues to be pessimistic as per the Reserve Bank of India’s Consumer Confidence Survey of January 2023, where more than 50% of consumers reported it to have worsened…
  • Food makers, feeling squeezed, pull the plug on slow-selling products
    28 Feb 2023, retail.economictimes.indiatimes.com
    Many companies started slimming their offerings during the pandemic and are aggressively renewing those efforts, eliminating less-popular items to focus on products on which they can more easily raise prices amid prolonged inflation on food items. Food makers tend to cull products without much fanfare. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones…
  • Cold stats. Delayed winter impacts skincare products for FMCG players
    28 Feb 2023, thehindubusinessline.com
    The delayed onset of winter in the country impacted skincare product volumes for fast-moving consumer goods (FMCG) companies in the quarter that ended in December. However, major FMCG players continued to witness growth in home and personal care portfolios…
  • Food tech platform Ghost Kitchens acquires Speak Burgers brand
    28 Feb 2023, retail.economictimes.indiatimes.com
    Speak Burgers plans to serve from over 200 locations in the next three years through fulfilment partner programmes. ..
  • How Oberoi Realty is Paving its Way Through the Mall Segment
    28 Feb 2023, indianretailer.com
    The Oberoi Mall is located at Goregaon (East), Mumbai, on the Western Express Highway and offers almost 5.52 lakh square feet of fashion, food and leisure, and has occupied a significant position in the minds of customers and retailers…
  • Online retail struggles with profitability, physical retail is the mainstay: Atul Ruia, chairman, Phoenix Mills
    28 Feb 2023, forbesindia.com
    hoenix Mills opened Palladium mall in Ahmedabad on February 25, in a joint venture with real estate developers B Safal Group. This is Gujarat’s first luxurious mall. In an exclusive conversation with Forbes India, Atul Ruia, chairman and Shishir Shrivastava, managing director of The Phoenix Mills Limited, talk about their expansion plans and their target to reach 14 million square feet by 2026. They discuss how the next quarter looks like for the company…
  • KP Singh: Madrasa-educated India’s biggest real estate developer with net worth over Rs 66000 crore
    28 Feb 2023, msn.com
    KP Singh recently made headlines for falling in love again at the age of 91. His wife Indira passed away after battling cancer. After the passing of his wife, KP Singh took a back seat but recently revealed that he is in love again…
  • Featherlite furniture opens retail store in Ahmedabad
    27 Feb 2023, timesofindia.indiatimes.com
    Featherlite, the manufacturer of premium office furniture, has opened its exclusive experience centre and retail store in Ahmedabad. The furniture maker will display a range of comfortable and ergonomic chairs, modular workstations, soft seating, loose furniture, work-from-home furniture, and hybrid working furniture, among others at the store…
  • Technology will continue to play a critical role in responsible retail and driving consumer experience
    28 Feb 2023, cio.economictimes.indiatimes.com
    Sridhar Hariharasubramanian, Senior Director, Solution Engineering, Salesforce discusses how retail businesses are catering to the new age tech savvy and eco-conscious customer of today while also focusing on the role of technology in advancing the sector…
  • Exclusive: Zomato asks for higher commission charges; restaurants are upset
    27 Feb 2023, retail.economictimes.indiatimes.com
    For the past two years, Zomato has been charging a commission of 18-25% per order for deliveries, depending on its arrangement with restaurant partners…
  • Titan to more than double Zoya store counts, top-line by FY27
    27 Feb 2023, retail.economictimes.indiatimes.com
    If everything goes as planned, and if the demand for luxury maintains the current growth momentum, we will have at least eight more boutiques by FY27, adding to our seven stores and seven galleries at present, CK Venkatraman, the managing director of Titan Company, which is a joint venture between the Tatas and the Tamil Nadu government, told PTI…
  • Cooling prices may hasten the shift to branded products: FMCG companies
    27 Feb 2023, retail.economictimes.indiatimes.com
    Chief executives of several leading listed FMCG companies highlighted in their recent earnings calls that the change in the trend was aided further by price increases by the smaller and regional brands, as well as the unbranded trade, during the peak of inflation…
  • With early summer and expectation of elongated season, AC makers expect 20 pc volume growth
    27 Feb 2023, retail.economictimes.indiatimes.com
    Buoyant by early trends of surge in demand, AC makers are expanding their portfolio by adding products in their lineup based on energy-efficient inverter technology and smart features such as IoT and air purifiers. They have also ramped up production to fill the stocks with their channel partners…
  • Half of Myntra’s beauty product orders now come from Tier-2 and 3 cities
    27 Feb 2023, business-standard.com
    The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028…
  • Snapdeal aims to achieve profitability within next quarter
    27 Feb 2023, thehindubusinessline.com
    Snapdeal aims to achieve profitability within the next quarter, as it bets heavily on the value customer base to drive growth, according to Himanshu Chakrawarti, CEO, Snapdeal Marketplace…
  • Women’s performance wear brand ENGN plans to increase its offline presence, expects 30% contribution in near future
    27 Feb 2023, retail.economictimes.indiatimes.com
    Currently, ENGN said it has a sales split of 80 per cent from the online segment and rest 20 per cent from its offline store. Going forward, it expects the offline stores to contribute about 30 per cent to its overall business…
  • Domino’s sales sour as delivery fees deter consumers; shares slump
    27 Feb 2023, retail.economictimes.indiatimes.com
    Domino’s Pizza Inc missed quarterly sales estimates on Thursday as inflation-hit customers, put off by higher delivery fees, cut back on online orders of pizzas and chicken wings, sending the company’s shares down 11%…
  • Kerala Blasters FC ventures into FMCG, launches banana chips brand Kravin’
    27 Feb 2023, retail.economictimes.indiatimes.com
    KBFC, in a statement, said Kravin’ banana chips are handcrafted using traditional methods and locally-sourced ingredients…
  • XiaomiRetail hub. Phoenix Mills and B Safal Group open ₹850 cr-worth Palladium mall in Ahmedabad
    27 Feb 2023, thehindubusinessline.com
    Malls developer Phoenix Mills Limited on Sunday opened its new mall in Ahmedabad bringing 250 national and international brands under one roof…
  • DLF says no plans to launch REIT public offer in next 1 year
    27 Feb 2023, zeebiz.com
    Real estate major DLF has no plans to launch public offer of REIT in the next one year to monetise its rent-yielding commercial properties, its CEO Ashok Tyagi said…
  • Business solutions: Cloud and data to boost retail sector

    27 Feb 2023, financialexpress.com
    The Indian retail industry is characterised by consistent evolutions, dynamic and fast-paced business environments, and a wide range of complexities. Despite massive shocks during the Covid era, the sector recovered quickly. ..
  • American restaurant chain Hooters plans on making India one of its largest international markets
    27 Feb 2023, retail4growth.com
    With the help of international franchising solutions firm Franglobal, Hooters plans to open approximately 30 to 50 stores in India across the North, West, and South…
  • Blingy Bollywood launching fashion brands!
    27 Feb 2023, apparelresources.com
    By investing in fashion start-ups, Bollywood celebrities are helping to create an ecosystem that supports innovation and entrepreneurship in the fashion industry…
  • Women’s performance wear brand ENGN plans to increase its offline presence, expects 30% contribution in near future
    27 Feb 2023, retail.economictimes.indiatimes.com
    Currently, ENGN said it has a sales split of 80 per cent from the online segment and rest 20 per cent from its offline store. Going forward, it expects the offline stores to contribute about 30 per cent to its overall business…
  • Xiaomi’s India biz turns around, revenue grows over 9% in FY22
    25 Feb 2023, retail.economictimes.indiatimes.com
    Xiaomi turned around its India business in FY22 with the company’s turnover growing more than 9% to Rs 39,099 crore, topping the pre-pandemic revenue achieved in FY20, as per regulatory disclosures made to the Registrar of Companies…
  • Reliance Retail opens first freestanding GAP store in Mumbai
    25 Feb 2023, retail.economictimes.indiatimes.com
    In this second phase, after opening over 50 Gap shop-in-shops since last year, Reliance Retail will help open a series of freestanding Gap stores across the country in the coming months…
  • Lenskart focussing on India, Southeast Asia and Middle East: CEO
    25 Feb 2023, retail.economictimes.indiatimes.com
    “Almost half of India needs spectacles and their number is growing to almost 70-80%. I do not get into market size etc. All I know is that half a billion plus people need glasses and that number is growing. We are largely focussing on India and we have Owndays. So we have a lot to do. Nothing more right now.”…
  • U.S. retailer Foot Locker in talks with Metro Brands for India entry- Report
    25 Feb 2023, retail.economictimes.indiatimes.com
    Foot Locker, which retails popular footwear brands including Adidas and Nike Inc, is in discussions with four Indian players to appoint a franchise, ET Now tweeted. The details of the companies were not disclosed…
  • For Myntra, 55% of orders come from Tier 1, metros in beauty category: CEO
    25 Feb 2023, thehindubusinessline.com
    Myntra saw 55 per cent of its orders coming from metros and Tier 1 cities in the beauty and personal care category, Nandita Sinha, CEO of Myntra, told businessline…
  • Platinum retail sales up 22% in Q4 of 2022 on weddings, festivals
    25 Feb 2023, thehindubusinessline.com
    Indian retail sales of platinum increased 22 per cent in the fourth quarter of 2022 powered by the wedding and festive seasons. Consumer demand drove sales despite uncertainties over the global economy, said a Platinum Guild of International (PGI) statement…
  • B2B Online Jewellery Marketplace ‘Sarafa Bazar India’ raises seed funding
    25 Feb 2023, livemint.com
    Sarafa Bazar India, B2B app designed to help jewellers across India network and grow business online, has raised seed funding at the valuation of INR 8 crores from a group of angel investors who are known to be marquee names in the Jewellery industry…
  • FSSAI specifies comprehensive group standard for millets from September
    25 Feb 2023, retail.economictimes.indiatimes.com
    The Food Safety and Standards Authority of India has specified a comprehensive group standard for millets vide Food Safety and Standards, Second Amendment Regulations, 2023 and this will be enforced from September 1 onwards…
  • Chandni Chowk awaits new turn: A mall alongside the historical bylanes
    25 Feb 2023, business-standard.com
    On one end is the Red Fort and on the other is the grand 17th-century Fatehpuri Mosque. Between the two is a chaotic, bustling world that carries the essence and enigma of many histories, and centuries of tangible and intangible heritage…
  • Tgal, Japan Announces Exclusive Partnership With Village Food Courts for India
    25 Feb 2023, livemint.com
    TGAL, the largest food tech company in Japan and one of the most recognised food conglomerates with a network of over 1400 host kitchens and over 120 brands from different regions of Japan announces an exclusive…
  • Phoenix Mills acquires 5.5 acre land parcel in Kolkata’s Alipore for over Rs 414 crore
    25 Feb 2023, economictimes.indiatimes.com
    The Phoenix Mills, retail-led mixed-use asset developer and operator, has acquired a prime 5.5-acre land parcel in Kolkata’s Alipore locality for over Rs 414 crores including stamp duty charges….
  • Hippo Stores Expands Offline Presence in Chandigarh
    25 Feb 2023, indianretailer.com
    Hippo Stores has launched its third store in Zirakpur at Dhillon Plaza. Spread across more than 40,000 sq. feet, the store offers 12,000+ products from 160+ brands for homeowners, contractors, and retailers at wholesale prices. The store is the third of 27 such outlets planned across the country in the next five years…
  • How Happier Skincare is Integrating Superfoods in Indian Skincare Regime
    25 Feb 2023, indianretailer.com
    Skincare plays a vital role in our everyday life. There are lots of skincare products in the market, which support skin’s integrity, and are extensively used by consumers for improving the appearance and achieving the glowing skin holy grail. According to sources, India’s cosmetics market was valued at nearly $11.16 billion in 2017 and is anticipated to grow at a CAGR of 5.91 percent during the forecast period of 2017-2025…
  • Toppan and Polymateria Introduces ‘Biotransformed’ Packaging With a New Record
    25 Feb 2023, indianretailer.com
    A new breakthrough by sustainable plastic innovator Polymateria in partnership with Indian plastic manufacturer Toppan Specialty Films (TSP), has seen plastics commonly used in the packaging industry biotransform in under 4 months and return to nature in just 176 days, leaving no microplastics or toxins behind…
  • Anita Dongre Expands Offline Presence with New Store in Kalaghoda
    25 Feb 2023, retail.economictimes.indiatimes.com
    Across the street from Jehangir Art Gallery and the historic David Sassoon library, stands a cheerful yellow building with gleaming teak balconies that reflect the light of the sun through a myriad of stained glass patterns…
  • Shoppers’ grocery purchases return to growth aisle after five quarters of fall
    24 Feb 2023, retail.economictimes.indiatimes.com
    The pace is lower than in the December quarter of 2020 when urban volumes rose 4.4% and rural expanded 6.6%, indicating only a partial revival. “We are seeing early signs of recovery in rural markets,” said Neeraj Khatri, chief executive, Wipro Consumer Care, India and Saarc…
  • After entering US market, Tanishq says huge opportunity for other Indian retail brands in America
    24 Feb 2023, retail.economictimes.indiatimes.com
    Before entering the US market, Tanishq spent two years in studying the North American jewelry market which is considered to be USD 60 billion and that within the Indian Americans is USD 3 billion. Tanishq by opening its first retail store in Oak Tree Road of New Jersey – called Little India – is currently focused on the Indian Diaspora Market and is now planning to expand to other cities as well like Chicago, he said…
  • We want to optimize prices and reduce cost to maintain our margins, says Anupam Bansal, Director Retail, Liberty Shoes
    24 Feb 2023, retail.economictimes.indiatimes.com
    Bansal shared that Liberty Shoes spent more on marketing in Q3 FY23 as it was a festive quarter. “These high expenditures may not pay us in a shorter period but will benefit in the long run. During the quarter, our first objective was to make the customers pay more,” he added…
  • Over 55% of small-town residents preferred online shopping for gifts, clothing and footwear : Survey
    24 Feb 2023, retail.economictimes.indiatimes.com
    About 60-65% of city centre residents prefer to shop online for gifts, cosmetics, clothing and footwear along with essential items (grocery & toiletries), according to a survey by CBRE India. However, more than 55% of small-town residents preferred online shopping for gifts, clothing & footwear and electronics; only 31% preferred shopping online for essential items (grocery & toiletries)…
  • Malls’ growth in top cities to break records this year
    24 Feb 2023, retail.economictimes.indiatimes.com
    By 2026, the cities of Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region, National Capital Region and Pune will add 25 million sq ft of space, to the existing stock of 51 million sq ft, the report said. Physical retail continues to gain prominence among Indian shoppers even as online retail continues to grow…
  • Quality Control for cotton good for industry, says Aditya Birla Group’s Thomas Varghese
    24 Feb 2023, retail.economictimes.indiatimes.com
    The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry…
  • The curious case of India’s rising food-price inflation
    24 Feb 2023, livemint.com
    Estimates of inflation based on the consumer price index (CPI) released for the month of January by India’s ministry of statistics and programme implementation have put to rest any hope that our fight against inflation is over…
  • Brewers cheer an early summer
    24 Feb 2023, livemint.com
    Brewers are licking their lips in anticipation of a potential sales boom as temperatures rise unexpectedly across the country. Executives at Bira 91, Simba, and BeeYoung have already noted a rise in demand and are optimistic that Holi celebrations will bring additional cheer…
  • Swiggy announces Dineout offerings for all users
    24 Feb 2023, retail.economictimes.indiatimes.com
    Online food delivery platform Swiggy has announced the integration of Dineout offerings on the platform, making it available for all its users…
  • British supermarkets ration veggies and fruits amid shortage
    23 Feb 2023, retail.economictimes.indiatimes.com
    The shortage has been linked with bad weather in southern Europe and Africa as well as high energy prices in the UK and the Netherlands…
  • Gulfood 2023: Landmark MoU signed between Indian government and Lulu Group for millets export
    24 Feb 2023, zawya.com
    India’s millet exports to the UAE can expect a boost in numbers after retail giant Lulu Hypermarket LLC and the Indian government agency Agricultural and Processed Food Products Export Development Authority (Apeda) signed a Memorandum of Understanding at the World Trade Centre in Dubai on Tuesday…
  • Shoppers Stop Expands Offline Presence, Opens Store in Odisha
    24 Feb 2023, indianretailer.com
    Shoppers Stop has opened its 1st store in Rourkela, Odisha’s steel city and third-largest urban agglomeration. The new store is located in the city’s famous Plutone Mall and is designed to meet the rising demand of the city’s fashion-conscious customers…
  • TGAL (Japan) announces exclusive partnership with Village Food Courts for India Expansion
    24 Feb 2023, einnews.com
    TGAL, the largest food tech company in Japan and one of the most recognised food conglomerates with a network of over 1400 host kitchens and over 120 brands from different regions of Japan announces an exclusive partnership with Village Food Courts (VFC), the largest F&B aggregator of National & International brands in India…
  • Smytten Expands Offline Presence in Noida
    24 Feb 2023, indianretailer.com
    Smytten has launched the country’s first-ever product trial experiential store at Gaur City Mall, Noida, with 800+ products to try from India’s most trending brands like Plum, mCaffeine, Colorbar, Just Herbs, Power Gummies, The Man Company, and more…
  • Retail Q3FY23 earnings review: A subdued quarter; premium, luxury outperform value segment
    24 Feb 2023, mintgenie.livemint.com
    The global brokerage firm Phillip Capital in its Retail Q3FY23 result review report noted that the top 15 companies across various sectors, including apparel, footwear, innerwear, electronics, and grocery, witnessed a 22% YoY revenue growth, which came below their expectations…
  • Malabar Gold and Diamonds Expands Offline Presence in Dallas, USA
    24 Feb 2023, indianretailer.com
    The grand inauguration of the 300th global showroom of Malabar Gold and Diamonds, the 6th largest jewelry retailer globally with a strong retail network of 300 showrooms across 10 countries, was held in Dallas, USA…
  • Joom Begins Platform Operations for SMEs and Exporters in India
    24 Feb 2023, indianretailer.com
    Joom has launched its operations in India. Recently, a team from the company visited eight Indian cities—including New Delhi, Indore, Roorkie, Ludhiana, Jaipur, Mumbai, and Surat—to present cross-border trade opportunities to local businesses…
  • Shopify Unveils Multi-year Investment in Partner Program
    24 Feb 2023, indianretailer.com
    Shopify has launched a reimagined Partner Program, marking the beginning of a multi-year vision for partners in India as Shopify enters its next era of growth…
  • Kimirica Forays into Offline Space, Opens First Store in New Delhi
    24 Feb 2023, indianretailer.com
    Kimirica has launched its first store in the city of New Delhi. Situated in Select Citywalk, Saket, the outlet features an assortment of self-care products including skin care, bath and body, and wellness. The opening of the retail store is a part of the company’s long-term growth plan to expand its footprint in the country…
  • Bira 91 Expands Product Portfolio with new Seltzers
    24 Feb 2023, indianretailer.com
    Indian craft beer brand Bira 91 has forayed into the Hard Seltzers category with the launch of ‘Grizly’ Hard Seltzer Ale. The launch comes shortly after the introduction of ‘Hill Station’ Hard Cider Ale and is part of the brand’s ambition to move beyond beers to cater to the evolving preferences of young consumers…
  • Deconstruct Expands Product Portfolio with New Lip Care Range
    24 Feb 2023, indianretailer.com
    Deconstruct, a science-based skincare brand announced the launch of its lip care range, designed to target common problems faced by Indian men and women around their lips…
  • PE fund ChrysCapital eyes $100-million funding in Lenskart
    23 Feb 2023, retail.economictimes.indiatimes.com
    If finalised, this would be among the largest investments in a new-age entity by ChrysCapital, which has backed internet firms such as Dream11, FirstCry, and Xpressbees…
  • Zomato replaces 10-minute delivery offering with home-style meals under ‘Everyday’
    23 Feb 2023, retail.economictimes.indiatimes.com
    The new offering replaces the Zomato Instant project, under which the company planned to offer 10-minute deliveries for select food items…
  • Developers plan to add 25 million sq ft mall space in 4-5 years: Report
    23 Feb 2023, retail.economictimes.indiatimes.com
    ​Anuj Kejriwal, CEO and managing director at Anarock Retail said that sales value estimated during the festive season in late 2022 was Rs 2.5 lakh crore, nearly 2.5 times compared to the previous year. The revival of consumer sentiments and penchant for consumption is therefore being promptly acted upon by the majority of brands, retailers, and mall developers. The new planned mall supply across the top 7 cities is testimony to the developers’ expansion strategy…
  • Flipkart Wholesale experimenting with dark stores, hub and spoke model
    23 Feb 2023, thehindubusinessline.com
    Flipkart Wholesale is experimenting with dark stores and hub & spoke model (a network of Flipkart Wholesale partners) to expand the business, Koteshwar LN, Business Head, Flipkart Wholesale, told businessline…
  • Internet and e-commerce boom in India, raised $15.4 billion capital in 2022: Report
    23 Feb 2023, retail.economictimes.indiatimes.com
    The report claims that the Indian consumer internet sector raised $15.4 billion private equity/venture capital funds across over 500 deals in 2022. Additionally, the online shopping sector received $22 billion in investments, which is the second highest in the world…
  • Online retail to account for 10.7% of India retail market by 2024
    23 Feb 2023, retail.economictimes.indiatimes.com
    In 2020, category-wise consumer electronics and apparel held the largest share in e-commerce retail at 40 per cent each followed by food and grocery and jewellery at 7 per cent, and furniture at 2 per cent…
  • Tiger Global sells 1.7% stake in Delhivery via open market for Rs 414 crore
    23 Feb 2023, retail.economictimes.indiatimes.com
    Venture capital firm Internet Fund III Pte, through which Tiger Global, holds a stake in the logistics services provider, sold 1,23,63,060 shares at Rs 335.06 apiece, bulk deals data showed…
  • Wow! Momo appoints Mithun Appaiah as CEO
    23 Feb 2023, retail.economictimes.indiatimes.com
    Prior to this appointment, Appaiah was CEO and Executive Director at Innovative Foods…
  • Bira 91 forays into the Seltzers, launches ‘Grizly’ Hard Seltzer Ale
    23 Feb 2023, thehindubusinessline.com
    Indian craft beer brand Bira 91 has forayed into the Hard Seltzers category with the launch of ‘Grizly’ Hard Seltzer Ale…
  • Realme to set up technology institute to focus on R&D
    23 Feb 2023, retail.economictimes.indiatimes.com
    The company said in a statement that its upcoming flagship device, the Realme GT3, will come with 240W fast charging technology…
  • Technical consumer goods market in India sees remarkable 29% value growth in 2022: Report
    23 Feb 2023, retail.economictimes.indiatimes.com
    According to GfK Market Intelligence’s offline sales tracking for January to December 2022, Technical Consumer Goods (TCG) in India experienced a value growth of 29% compared to the same period in 2021. The gfknewron Consumer Survey 2022 revealed that within major domestic appliances, consumers are moving towards upgrading their washing machines and refrigerators…
  • Sheth Homes inks pact for nearly 1-million-sq-ft joint development in Mumbai
    23 Feb 2023, retail.economictimes.indiatimes.com
    The project is the free-sale component of a slum rehabilitation project and the Ashwin Sheth Group company will be investing over Rs 400 crore to develop this portion of the project…
  • Delhi-NCR and Hyderabad to lead mall supplies in India
    23 Feb 2023, livemint.com
    Delhi-NCR and Hyderabad will account for nearly half of the mall supply that India’s top cities are set to receive over the next four to five years as entry of newer brands and expansion by existing ones fuel demand for real estate, according to a joint report by real estate consultant Anarock and Retailers Association of India (RAI)…
  • Malls’ growth in top cities to break records this year
    23 Feb 2023, economictimes.indiatimes.com
    Top seven Indian cities will add nearly 11 million square feet of mall space — the size of more than 145 football fields — in 2023, as developers rush to deliver new properties after a hiatus during the pandemic, according to a report…
  • Phoenix Mills draws expansion plans for malls
    23 Feb 2023, projectsmonitor.com
    Phoenix Mills will be expanding its retail and office assets. The company will be adding over eight million sq ft of space to its retail and office assets as demand for office gains momentum…
  • Middle Eastern companies flock to J&K: Srinagar to house Emaar Mall
    23 Feb 2023, business-standard.com
    From shopping malls to food processing, Jammu & Kashmir is attracting the attention of foreign investors, especially from West Asian countries…
  • Sectors 92 and 93: A promising premium floors destination in New Gurugram
    23 Feb 2023, financialexpress.com
    New Gurugram’s Sector 92 & Sector 93, located between Gurugram and Manesar in Haryana, are primarily evolving as a residential real estate hub for property seekers in Gurugram and beyond…
  • Retail space demand to rise further, rents to surge 15% in 6 mnths: Experts
    23 Feb 2023, business-standard.com
    Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022..
  • Top 20 Commercial Real Estate Companies in India 2023
    23 Feb 2023, inventiva.co.in
    Commercial real estate is a thriving industry in India, with many companies vying for market share in this lucrative sector…
  • Retail outlets at new airport terminal soon
    23 Feb 2023, timesofindia.indiatimes.com
    The Airports Authority of India (AAI) has started the process of setting up retail outlets in the new integrated terminal scheduled to be commissioned soon. More shops will be set up in the other terminals…
  • DEERIKA Hypermart Expands Offline Presence in Jasola
    23 Feb 2023, indianretailer.com
    DEERIKA Hypermart has launched its second Hypermarket at the Pacific Premium Outlets, Jasola, Opposite Apollo Hospital, New Delhi. DEERIKA’s Hypermarket offers a wide variety of categories, including Grocery items, Fashion, Electronics, Luggage, Footwear, Home fashion, and much more. The range of products extends from basic to premium, providing consumers with a wide assortment to choose from…
  • Magniflex India Expands Offline Presence in Bangalore
    23 Feb 2023, indianretailer.com
    Magniflex India (Made in Italy) has launched its Fourth Franchise Store in Koramangala. The outlet was inaugurated by Anand Nichani, MD, Magniflex India. The store will showcase a wide range of mattresses, including 6 premium mattresses, besides the Ergo bed…
  • Zomato Exits from 225 Smaller Cities
    23 Feb 2023, indianretailer.com
    Food-delivery and restaurant discovery platform Zomato pulled out of around 225 smaller cities last month, the company said…
  • Amazon Fashion Unveils a Newly Curated Store ‘The Plus Shop’
    23 Feb 2023, indianretailer.com
    Amazon Fashion announces the launch of ‘The Plus Shop’ – a newly curated store offering plus-size apparel from top brands in India. Celebrating inclusivity in fashion, The Plus Shop helps customers easily find looks that help them flaunt their curves proudly…
  • Bisleri International Partners with Nasser Abdulla Lootah Group

    23 Feb 2023, indianretailer.com
    Bisleri International sets up its first overseas operations in UAE. The brand has partnered with the established and well-known Gulf company – Nasser Abdulla Lootah Group. The manufacturing and bottling will be under the flagship of Emirates Drinking Water, which is part of the Nasser Abdulla Lootah Group of Companies in the region…
  • LoveChild Partners with Myntra, Unveils ‘Shaadi’ Inspired Blushes and Highlighters
    23 Feb 2023, indianretailer.com
    LoveChild has launched the perfect beauty pick-me-up this wedding season for flushed cheeks and contoured cheekbones! Adding to its existing product categories like lipsticks, eye makeup, skincare, fragrances, and wellness, the brand is now stepping into the face makeup category with a splendid new range of products to reinforce the brand’s commitment to growing its portfolio with inclusive products…
  • Adidas Expands Product Portfolio with the L10NEL M35SI Pack
    23 Feb 2023, indianretailer.com
    adidas has launched the L10NEL M35SI Pack, celebrating the legendary journey of Lionel Messi. At 35 years old and fresh off having won his first World Cup, ´El Diez´(Number 10) continues to make history, showing no signs of slowing down…
  • Usha eyes about Rs 3,800 cr revenue in FY23; strengthens BEE 5-star rated fans portfolio
    22 Feb 2023, retail.economictimes.indiatimes.com
    Usha aims to see year-on-year growth of 12-15 per cent for its fans portfolio in the mid-price segment, that is, between Rs 2,000 to Rs 4,000…
  • Walmart CFO says Flipkart’s rising share in parent’s revenue growth, profit is inspiring
    22 Feb 2023, retail.economictimes.indiatimes.com
    Walmart International, which includes Flipkart, reported net sales of $27.6 billion for the quarter under review, a growth of little over 2% on a year-on-year basis…
  • Sapphire Foods to increase its stake in Maldives-based GFIPL from 51% up to 75%.
    22 Feb 2023, retail.economictimes.indiatimes.com
    “The Board of Directors of Gamma Pizzakraft (Overseas) Pvt Ltd (GPOPL), wholly-owned subsidiary of SPIL, has considered and approved subscription of upto 81,914 Equity Shares of GIFPL, subsidiary of GPOPL and step-down subsidiary of the Company, for a total consideration of upto 1.88 crore Maldivian Rufiyaa (Rs 10.15 cr),” it said…
  • Consumer goods to get pricier as firms begin to pass on costs
    22 Feb 2023, retail.economictimes.indiatimes.com
    Top executives of companies, however, said the proposed price hikes of 3-10% over the next 1-2 months will still be one of the lowest in the last two years when inflation shot up to record levels and rupee fell against the US dollar at a higher pace than before, and hence they don’t expect this will have any significant impact on consumption when overall inflation is softening…
  • El Nino may derail rural recovery for FMCG cos
    22 Feb 2023, retail.economictimes.indiatimes.com
    Growth in rural markets, which contribute around 36% to sales of an average consumer products company, was already under pressure due to inflation. Hopes were high on a turnaround in rural fortunes. But El Nino might just spoil that party for some…
  • ProcMart expands its procurement services in tier II cities across India
    22 Feb 2023, retail.economictimes.indiatimes.com
    The company told ETRetail that it​ has opened warehouses and offices in 7 cities including Indore, Vishakhapatnam, Gandhipur, Rudrapur, Nashik, Aurangabad, and Thiruvananthapuram as it plans to foray into categories including packaging, biomass, and chemicals procurement…
  • Textile exports should pick up in H2 2023, domestic demand robust: HGH India’s Arun Roongta
    22 Feb 2023, retail.economictimes.indiatimes.com
    It is a mixed bag for India textiles as exports continue to face a slowdown but domestic demand provides some succour, says HGH India’s Arun Roongta…
  • Emami expects expansion in gross margins in Q4FY23

    22 Feb 2023, thehindubusinessline.com
    Homegrown FMCG company, Emami Ltd, which had seen its margins come under pressure in the third quarter, expects expansion in both gross margins and EBITDA margins in Q4 FY23 on the back of a decline in commodity prices and overall improvement in macroeconomic scenario…
  • Walmart sees weaker 2023 results, cautious on economic outlook
    22 Feb 2023, retail.economictimes.indiatimes.com
    Higher U.S. consumer prices, amid loftier costs for rental housing and food, have raised fears the U.S. Federal Reserve could further lift borrowing costs to cool domestic demand, leading to an economic downturn in the second half of the year..
  • Xiaomi to go with a leaner, cleaner portfolio: Muralikrishnan B
    22 Feb 2023, retail.economictimes.indiatimes.com
    “2022 was tricky. In 2020-21, on the back of the pandemic, there was a lot of pent-up demand which unfortunately could not get serviced because of chipset shortage. So, we were very bullish on 2022, with aggressive forecasts. But once the Omicron wave died down, that pent-up demand just got sucked out,” Muralikrishnan said…
  • Balenzia Expands Offline Presence in Mumbai
    22 Feb 2023, indianretailer.com
    Balenzia has announced the opening of its first franchisee at Infinity Mall, Malad, Mumbai. This marks the second launch of the year for the brand and its first-ever franchisee. The move has generated a great deal of excitement from fans of the brand, as well as entrepreneurs looking to get in on the action…
  • Third Wave Coffee opens its 91st cafe at Oberoi Mall
    22 Feb 2023, retail4growth.com
    TWC has 91 cafés across different cities in India, namely Hyderabad, Coonoor, Bengaluru, Delhi, Mumbai, Chandigarh, and Pune…
  • DEERIKA Hypermart Retail launches its second hypermarket in Jasola
    22 Feb 2023, business-standard.com
    DEERIKA Hypermart, a one-stop-shopping hub for all your daily household and personal needs, launches its second Hypermarket at the Pacific Premium Outlets, Jasola, Opposite Apollo Hospital, New Delhi. DEERIKA’s Hypermarket offers a wide variety of categories, including Grocery items, Fashion, Electronics, Luggage, Footwear, Home fashion & much more…
  • H&M opens its 9th store in Delhi
    22 Feb 2023, apparelresources.com
    Fashion retail brand H&M India has announced the opening of its 9th store in New Delhi, at the Vegas Mall, Dwarka…
  • HomesToLife Enters into Indian Market, Opens Store in Mumbai
    22 Feb 2023, indianretailer.com
    HomesToLife has launched its first retail outlet of 7,500 sq.ft in Mumbai’s Phoenix Market City, Kurla. One of the busiest shopping centers in the nation, the mall draws an enormous crowd with its portfolio of more than 100 major brands. The finely curated HomesToLife store will bring to life the comfort for which the brand is known in Singapore…
  • Burger Singh Expands Offline Presence in Jharkhand
    22 Feb 2023, indianretailer.com
    India’s largest homegrown burger chain, Burger Singh has announced its entry in the state of Jharkhand with plans to set up 6 outlets in Bokaro Steel City, Bokaro, Deoghar, Dhanbad, Jamshedpur, and Ranchi. The QSR chain also intends to hire 80 personnel to service its new outlets across Jharkhand…
  • Athleisure Wear Brand FITKIN Launches in India
    22 Feb 2023, indianretailer.com
    Dedicated to delivering comfort and style, Fitkin is a homegrown, premium athleisure brand that champions the goal of making fitness an affordable and attainable lifestyle. With an ambitious vision to transform fitness from a monotonous chore into a full-blown lifestyle, their collection boasts a diverse array of categories, from high-performance sports bras, breathable training tights, comfortable workout tees, stylish and stylish and chic tanks, cozy sweatshirts, sleek jackets, and versatile joggers…
  • Vastu Dairy Expands Product Portfolio with Vastu Premium Gold Ghee
    22 Feb 2023, indianretailer.com
    Shree Radhe Dairy Farm and Foods Ltd (Vastu Dairy), the leading producer of milk and milk products from Surat launched its new product Vastu Premium Gold Ghee…
  • Magniflex expands retail footprint to 69 outlets with new store in this Asian country
    22 Feb 2023, furnituretoday.com
    Italian mattress manufacturer Magniflex is expanding its retail footprint in India with the opening of its another franchise store here to capture the growing consumer segment in the area…
  • Bisleri signs manufacturing tie-up with Dubai group
    21 Feb 2023, retail.economictimes.indiatimes.com
    The Nassser Abdulla group, a 25-year-old entity, has interests in travel, shipping, logistics, mineral water, real estate and IT. Group company Emirates Drinking Water will produce the Indian company’s Bisleri water at its plants in Dubai, which will sell in Dubai, Sharjah and Abu Dhabi in mass-premium general and modern trade stores, hotels and restaurants, and via ecommerce platforms…
  • Demand for mass-priced products under pressure due to inflation
    21 Feb 2023, retail.economictimes.indiatimes.com
    “People earning between 15,000 and 35,000 in a month are under pressure of inflation because their shopping basket is largely food and essentials such as pulses, oil and vegetables. Their basket price actually increased by 30-35% due to inflation,” Lalit Agarwal, chairman of hypermarket chain V-Mart, told ET…
  • Categories like FMCG, home to drive e-commerce penetration in future, says Flipkart business head
    21 Feb 2023, retail.economictimes.indiatimes.com
    Citing a recent report, Mishra said that the e-commerce penetration for these categories in India is much lower than developed nations. “The outlook is that these categories will increase their share in etail from 20-25 per cent to 30-35 per cent,” said Mishra noting that all of these categories have been growing at a very healthy CAGR…
  • Small packs fit inflation-hit urban baskets
    21 Feb 2023, retail.economictimes.indiatimes.com
    “Inflation is a major challenge,” said Sanket Ray, president, Coca-Cola India and Southwest Asia. “Small packs (₹10-20) give us an affordability play across all our brands in urban and rural markets. We are expanding into multiple categories with a focus on small packs, and it is paying off.”…
  • Is inflation still haunting the FMCG industry?
    21 Feb 2023, retail.economictimes.indiatimes.com
    Oils and fats had a 13% increase in the wholesale price index in the quarter ending in June 2022, while wheat saw a 10.6% increase. While the price of soap and other amenities increased by more than 9% in the same quarter, the price of bread and biscuits increased by 9.6% and 7.6%, respectively…
  • Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama
    21 Feb 2023, business-standard.com
    Online retailer Flipkart is in talks to acquire stake in Bengaluru-based Pharmallama, according to a report by Mint…
  • India’s economic activity cools in January amid slowdown fears
    21 Feb 2023, retail.economictimes.indiatimes.com
    Domestic recovery, that has been driving momentum so far, is getting wobbly. The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates and further tightening by global central banks…
  • Former diamantaire Nirav Modi’s gems go on sale to pay off $1.5 billion
    21 Feb 2023, retail.economictimes.indiatimes.com
    The auction will take place on March 25, said Santanu T. Ray from AAA Insolvency, the court-appointed liquidator to handle the bankruptcy proceedings. “This will be the first auction of precious metals and stones” released by the government agency, which probes white-collar crimes…
  • ‘Titan India likely to grab greater market share, expand business in FY24’
    21 Feb 2023, retail.economictimes.indiatimes.com
    Tata-owned Titan Company sees an opportunity to grab a greater market share in several categories of products, expand its business and pass on costs to customers despite inflationary pressures in FY24, said CK Venkataraman, Managing Director…
  • Chai Sutta Bar expands offline presence to 41 new locations in 2 months
    21 Feb 2023, retail.economictimes.indiatimes.com
    The QSR franchise Chai Sutta Bar is also planning to expand overseas in countries like the UK, the US, and Canada in the coming months…
  • Samsung goes aggressive on premium retail
    21 Feb 2023, retail.economictimes.indiatimes.com
    Samsung will be expanding its flagship stores beyond Delhi and Bangalore, while the company managed to score a strong opening for the S23 line-up, getting over 1. 4 lakh pre-orders worth Rs 1,400 crore on the first day…
  • Electronics firms bank on offline stores to boost sales
    21 Feb 2023, livemint.com
    Even as 2022 saw e-commerce beat offline retail in terms of the number of smartphones sold in India, electronics firms are stepping up their retail footprints in 2023…
  • Hyderabad absorbs 2.1 lakh sq ft mall space in H2 CY22: CBRE
    21 Feb 2023, thehindubusinessline.com
    CBRE South Asia, an arm of the US-based commercial real estate services and investment firm, has said that the Hyderabad real estate market has absorbed 2.1 lakh sq ft of investment-grade malls in H2 CY22. This indicates more and more shoppers returning to physical retail shrugging off the Covid-19 fears…
  • For retail sector in T.N. to grow, experts call for sector-specific policy
    21 Feb 2023, thehindu.com
    As chain stores, home-grown brands and national brands now have a big presence in T.N., experts say a cohesive State policy that focuses on ease of doing business, ease in raising capital and tech-centric growth is the need of the hour…
  • H&M India expands footprint, opens 9th store in New Delhi
    21 Feb 2023, retail4growth.com
    “The store is spread over 1677 square feet, designed by the latest interior trends, the store offers a modern and welcoming shopping experience featuring H&M’s latest collection for Women, Men and Kids,” says the company statement…
  • BHUMIKA GROUP, TO LAUNCH PHASE II OF URBAN SQUARE MALL IN UDAIPUR
    21 Feb 2023, rprealtyplus.com
    The second phase will feature a range of retail shops with 3 more anchor tenants, a food court, restaurants and an entertainment zone, offices, a 5-star hotel with 200 keys, and ample parking space both in the basement as well as a multilevel car park…
  • Leasing of retail space in Kolkata grew by 80% last year
    21 Feb 2023, timesofindia.indiatimes.com
    Leasing of retail space in malls, high street and standalone stores picked up in Kolkata in the latter half of last year to record 18 lakh sq ft in 2022, a significant 80% increase over the previous year when 10 lakh sq ft had been leased by retailers in a year that was impacted by the pandemic to a great extent…
  • Pine Labs Launches Dukaan Studio To Modernise Offline Kirana Stores
    21 Feb 2023, inc42.com
    B2B payments unicorn Pine Labs has launched Dukaan Studio, a new venture to help kirana store owners modernise their stores…
  • Water Purifier Brand Kent Launches Kuhl Stylish Fans
    21 Feb 2023, indianretailer.com
    Water purifiers and appliances brand Kent RO Systems Limited launched a state-of-the-art energy-saving “Platin” Series of Kuhl Stylish Fans…
  • Somany Ceramics Expands its Retail Footprint, Opens Exclusive Showroom in Birgunj, Nepal
    21 Feb 2023, indianretailer.com
    Somany Ceramics Limited, a brand that specializes in ceramics and allied products segments, is known to be a leader in design and innovation and has opened, Somany Exclusive showroom in Birgunj, Nepal-GTC Overseas…
  • Merino Laminature Introduces New Decorative Laminate Range

    21 Feb 2023, indianretailer.com
    Merino introduced a highly decorative laminate range, Laminature. Merino Laminature has embellished laminates with textures that give a refined tangible feel in coherence with the design. The surface texture exuberates seamless decor patterns and makes the laminates indistinguishable from solid woods and veneers…
  • Saffola a Rs 2,000-crore-plus brand; worst of inflation is over, says Marico MD & CEO
    20 Feb 2023, retail.economictimes.indiatimes.com
    The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, Marico MD & CEO Saugata Gupta said…
  • Consumer electronics firms begin to increase inventory, anticipating a recovery in demand in coming quarter
    20 Feb 2023, retail.economictimes.indiatimes.com
    ​​Executives of several companies told analysts in their earning calls and to ET that such a build-up is after the pre-Diwali days with demand slumping majorly post Diwali due to high inflation and retailers too cutting down on inventory levels…
  • With losses at Rs 1 trn, startups shift focus to bottom line
    20 Feb 2023, financialexpress.com
    ​​Karthik Reddy, co-founder and managing partner, Blume Ventures, told FE startups are course correcting. “Every start-up has got the memo in bold letters and is sincerely acting on it. Nervous investors mean no easy capital and reduced runways,” Reddy said…
  • India’s economy to grow at 6% in 2023-24: Former Niti Aayog vice chairman Rajiv Kumar
    20 Feb 2023, retail.economictimes.indiatimes.com
    Former Niti Aayog Vice Chairman Rajiv Kumar stated on Sunday that India is expected to achieve a 6 percent growth rate in the next fiscal year. Kumar attributed this projected success to the series of reforms undertaken by the Narendra Modi government in the past eight years, which have set the foundation for sustained high growth ..
  • Bullish for double-digit growth for Tanishq: Jewellery division CEO, Titan
    20 Feb 2023, thehindubusinessline.com
    Tanishq plans to expand its high-value and solitaire segment by 2x, wedding and occasion wear segment by 1.5x, increase omnichannel revenue from 6% to 10%, add 40 stores, expand 25 stores…
  • Esme bullish on cosmetics brand Blue Heaven
    20 Feb 2023, retail.economictimes.indiatimes.com
    ​​Private equity firm Samara Capital-backed Esme Consumer plans to grow by threefold its mass-market cosmetic brand, Blue Heaven, over the next five to six years even as it scouts for opportunities in the lower-rung of the consumer market…
  • HUL to sell Annapurna and Captain Cook brands for Rs 60.4 crore; exits atta and salt biz
    20 Feb 2023, retail.economictimes.indiatimes.com
    ​​”HUL’s decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups.” About consideration received from sale of the two brands, HUL said it is Rs 60.4 crore…
  • Daikin eyes $2 billion turnover in India in FY25
    20 Feb 2023, financialexpress.com
    According to the company, the country’s AC market will grow manifolds in the next 10 years. The market is expected to grow to about 40 million room air-conditioners by 2029 from the current of about 8-9 million units…
  • The Ultimate Shopping Destination For A Modern Lifestyle In Noida
    20 Feb 2023, outlookindia.com
    ​​An upcoming mall by Saya Group will be a state-of-the-art shopping destination that caters to the modern shopper’s needs. With a range of 65% international, 30% national, and 5% local brands, the mall will offer a diverse shopping experience to its visitors…
  • Hyper local or national influencer: What works better for brands?
    20 Feb 2023, brandequity.economictimes.indiatimes.com
    At the Digiplus Fest 2023, Mauli Teli of Iba Cosmetics, Bharat Sethi of Rage Coffee, Deepak H, Ipsos and Ankita Jain, Earnly take centerstage to understand the potential benefits and challenges in the hyperlocal and national influencer ecosystem…
  • Samsung goes aggressive on premium retail
    20 Feb 2023, timesofindia.indiatimes.com
    NEW DELHI: As Apple CEO Tim Cook doubles down on India for driving the company’s global growth and prepares to open its first company-owned store, Samsung is ramping up investment to take the challenge head-on. The South Korean company is planning to widen the presence of its flagship brand stores in the country while going aggressive with its top single-screen device —the S23 Ultra…
  • HUL to sell Annapurna and Captain Cook brands for Rs 60.4 crore; exits atta and salt biz
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​”HUL’s decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups.” About consideration received from sale of the two brands, HUL said it is Rs 60.4 crore…
  • United Breweries’ MD & CEO Rishi Pardal resigns
    18 Feb 2023, thehindubusinessline.com
    ​​United Breweries Limited (UBL), part of the Heineken Company, announced that its Managing Director and Chief Executive Officer, Rishi Pardal, tendered his resignation yesterday, February 16 and accordingly, his six months’ notice period will commence…
  • Demand for gold jewellery picks up after Budget
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​Joy Alukkas, Malabar Gold & Diamonds and Senco Gold & Diamonds said customers had held back on purchases expecting a cut in import duty on gold in the budget, which did not happen. This prompted them to loosen their purse strings for the yellow metal…
  • HUL surfs upcycle as cost, pricing leader
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​Economic upheaval has reinforced longer-term trends in consumption patterns. The pace of formalisation is expected to slow with easing inflation and improved credit flow to mass-market producers of consumer goods. Demand recovery in the countryside has trailed that in cities and large consumer goods companies have lost some pricing power as rural consumption approaches pre-pandemic levels…
  • Budget steps can boost growth in FY24 to 7%: RBI
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​The report, authored by RBI deputy governor Michael Patra and other staff at the central bank, has also provided the math behind its forecast. According to the report, India’s real GDP growth would get a boost of 15 basis points (100bps = 1 percentage point) in 2023-24 from tax reductions alone as these cuts would put another Rs 35,000 crore into households and increase consumption…
  • Luxury Swiss watches still beat stocks and crypto despite Rolex, Patek drop
    18 Feb 2023, business-standard.com
    ​​Prices for the most coveted Rolex, Patek Philippe and Audemars Piguet watches are still falling but have outperformed returns from stocks and cryptocurrencies, according to Morgan Stanley…
  • Nestle India expands direct distribution, deepens rural coverage
    17 Feb 2023, thehindubusinessline.com
    ​​In line with its rurban growth strategy, Nestle India has expanded its direct distribution to 1.5 million outlets in 2022 and is also deepening its rural coverage. The FMCG major has increased its overall distribution network to 5.1 million outlets, which includes direct and indirect distribution in 2022, from 4 million outlets in 2016…
  • Pernod Ricard confident on annual sales growth after strong H1
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​Pernod, which owns Martell cognac, Mumm champagne and Absolut vodka, posted forecast-beating first-half profit and sales, helped by price hikes in China and the United States. ..
  • Major Coca-Cola bottler warns prices, glass costs will rise further
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​Glass shortages have persisted for beverage companies and other manufacturers since the pandemic, with the issue compounded by Russia’s invasion of Ukraine…
  • Grover Zampa Vineyards aims at higher wine market share in India
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​”We aim at increasing our market share in India as the wine segment is growing fast in the country, though it accounts for only 0.4 per cent of the entire liquor industry,” Grover Zampa Vineyards chairman Ravi Vishwanathan said…
  • Desi platter: Start-up moots millet-based nutritional products for urban consumers
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​When Priyamvada Khanna was pregnant she ate millets to meet special dietary needs. Impressed by the results, she went on to float a start-up to use these nutri-cereals to produce energy bars and spreads for the fast-paced urban consumers…
  • Philips Domestic Appliances globally renamed as Versuni
    18 Feb 2023, thehindubusinessline.com
    ​​Philips Domestic Appliances has been renamed as Versuni. This comes after Royal Philips sold its domestic appliance business to Hillhouse Capital in September 2021…
  • Retail leasing in India grows by 21% YoY to touch 4.7 mn sq ft in 2022
    18 Feb 2023, retail.economictimes.indiatimes.com
    ​​Backed by sustained discretionary spend and rebound in brick-and-mortar sales after the pandemic, retail consumption in India continued to strengthen last year, leading to expansionary space take-up by domestic and international retailers. Retail leasing grew in the country by 21 per cent year on year (YoY) to touch 4.7 million sq ft last year…
  • India’s municipal bond market finally opens doors to retail investors
    18 Feb 2023, livemint.com
    ​​The fixed income market is back on investors’ radar, and for good reason. With yields having moved up in the past couple of years, many bonds are offering attractive interest rates. Yield on the benchmark 10-year government securities provides some perspective. From a low of 5.8% in June 2020, it has risen to 7.4%…
  • OBEETEE Carpets Plans to Expand Retail Presence
    18 Feb 2023, indianretailer.com
    ​​OBEETEE Carpets, a part of the Luxmi group, has chalked out plans to step up its retail presence across the country, an official said. Chairman of OBEETEE Rudra Chatterjee said presently the company has retail stores in Mumbai, Delhi, and Hyderabad. The first design studio of the company has been opened in Kolkata…
  • The Emergence of the Indian e-Commerce Market and Retail Trends to Watch in 2023
    18 Feb 2023, indianretailer.com
    ​​The Indian e-commerce market has seen tremendous growth in recent years, and this trend is expected to continue in the coming years. According to a report by KPMG, the Indian e-commerce market is projected to reach $200 billion by 2026, driven by the increasing penetration of the internet and smartphones in the country. As a result, the e-commerce sector is expected to generate employment for around 9.5 million people by 2025…
  • Bevzilla Gets on Q-Commerce
    18 Feb 2023, indianretailer.com
    ​​Bevzilla, a brand serving hand-crafted beverages, has launched on quick commerce platforms, Zepto and Blinkit. The brand offerings products like coffee and milkshake cubes will now provide instant service to customers through these delivery platforms…
  • Govt Join Hands with Meesho for Marketing of SHGs’ Products
    18 Feb 2023, indianretailer.com
    ​​The Rural Development Ministry has partnered with the e-commerce platform Meesho for marketing of products made by the Self Help Groups (SHGs)…
  • VEEN India Evolving Fine Dining With Water
    18 Feb 2023, indianretailer.com
    ​​Premium quality water is compulsory to complete a great meal. Indian restaurateurs and hotel owners in the fine dining business agree that today every customer is provided with the option of choosing regular or mineral water with their meal, and in most cases, they prefer mineral water. However, that’s only half the battle won…
  • Cremeitalia Forays into D2C Biz, Launches New Website
    18 Feb 2023, indianretailer.com
    Cremeitalia, a natural cheese brand, announced its foray into direct-to-customer business with its new website. It aims to penetrate the markets in Tier ll and Tier lll cities to make natural, fresh, and non-processed cheese available to everyone!…
  • Merino Laminature Expands Product Portfolio, Launches New Range
    18 Feb 2023, indianretailer.com
    ​​Merino has introduced the highly decorative laminate range, Laminature. Merino Laminature has embellished laminates with textures that give a refined tangible feel in coherence with the design. The surface texture exuberates seamless decor patterns and makes the laminates indistinguishable from solid woods and veneers…
  • True Elements Represents India for Millets in Europe IYOM in 2023
    18 Feb 2023, indianretailer.com
    ​​India’s first Clean Label and 100 percent Whole Grain certified food brand, True Elements, was invited to represent India at the first-ever global outreach event for Millets by the Government of India – the Saveurs and Métiers Expo – held in Belgium in January ..
  • How does Bharat shop online? 85-90% of rural customers use COD for payments: Snapdeal CEO INTERVIEW
    18 Feb 2023, financialexpress.com
    ​​Snapdeal is looking at reaching out to more than 90 per cent online shoppers, especially from the smaller towns of India. Almost 85-90 per cent of the shoppers from ‘Bharat’ are placing the orders using cash on delivery as their preferred mode of payment, Himanshu Chakrawarti said…
  • Moonshot to Expand Omnichannel Distribution Network by the end of 2023
    18 Feb 2023, indianretailer.com
    ​​Moonshot, an Omni-channel DaaS (Distribution as a Service) platform offering emerging, regional, and established D2C brands access to general trade, modern trade, e-commerce, and quick commerce via its tech-enabled plug-and-play solution and distribution network, is aiming to increase the reach of its services Pan India and across categories by the end of the year 2023…
  • Zebronics Unveils Product Portfolio with Zeb-Rocket 500
    18 Feb 2023, indianretailer.com
    ​​Zebronics has launched a portable Bluetooth speaker called the ZEB-Rocket 500, whose design has been inspired by iconic DC characters, The Joker and Black Adam…
  • Nestle India Q4 net profit rises 65.5% at Rs 628 crore
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​The company’s net sales increased 13.95 per cent to Rs 4,233.27 crore in the fourth quarter as against Rs 3,714.86 crore in the corresponding period last fiscal…
  • Godrej Appliances expects 2X growth in air conditioner biz, eyes Rs 1200 cr revenue in FY24
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​For the overall summer portfolio, Nandi expects the company to record a volume growth of 20-25 per cent over last year…
  • Nestle India on path to accelerated growth in rural areas, prices of some commodities still a concern, says CMD
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​”When there is a big question on rural India and rural growth, I do admit that rural play of Nestle is only 20 per cent but you see the growth has been around 25 per cent to 26 per cent. Again rural India for Nestle India is resonating and we are on a path to accelerated growth in rural markets as well,” he told analysts in an earnings call…
  • Indian consumer goods makers bet on rural recovery to lift profits
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​Cinthol soap-maker Godrej Consumer Products Ltd and Parachute oil manufacturer Marico Ltd are set to improve their earnings the most in two years when they report results for the fiscal fourth quarter, according to Refinitiv data…
  • Perfora bags 3-shark deal worth Rs 80 lakh at Shark Tank
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​The brand, which was launched in August 2021, closed last fiscal at Rs 1.5 crore and is planning to clock Rs 18 crore this fiscal…
  • January brings cheer to Tiruppur as knitwear exports up marginally after 5-months of decline
    17 Feb 2023, thehindubusinessline.com
    ​​The first month of this calendar year has brought some cheer to the textile manufacturers in Tiruppur, as knitwear exports have reported a marginal positive growth after reporting a fall for five consecutive months…
  • Rage Coffee expands its QSR presence, partners with Keventers to launch cold coffee
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​Rage Coffee expands its QSR presence, partners with Keventers to launch cold coffee…
  • OBEETEE Carpets plan to expand retail presence in country
    17 Feb 2023, retail.economictimes.indiatimes.com
    ​​”OBEETEE is an old carpet brand with manufacturing units at Mirzapur in Uttar Pradesh and in Rajasthan. In the last 20 to 25 years, the Luxmi group has taken over the erstwhile brand which was owned by three Britishers Oakley, Bowden and Taylor”, he said…
  • No losers in race to build new towns
    17 Feb 2023, tribuneindia.com
    ​​India has zero plans for building new towns; the only plans available are for urban redevelopment that yield juicy contracts. Redevelopment can accommodate only a tiny fraction of the prospective rise in the urban population. We simply need new towns. Building new towns is a great booster for overall growth…
  • Fashion and apparel industry lead India’s retail space consumption: Report
    17 Feb 2023, businesstoday.in
    ​​In a quick recovery from the pandemic-induced slump, the fashion and apparel industry have been front runners in pushing retail space occupancy across India, claims a CBRE report…
  • Top 20 Retail Companies In India 2023
    17 Feb 2023, inventiva.co.in
    ​​The retail sector in India is the most vibrant and currently growing. Strong demand and rising investment are the reasons for this…
  • Reliance JioMart Shuts 90 min Delivery Service ‘Express’: says Report
    17 Feb 2023, indianretailer.com
    ​​Reliance’s JioMart has stopped the operations of its quick grocery delivery service JioMart Express, a report said. The service was launched by the company in March 2022. It is no longer available for download on the Google Play Store and its website is also inactive…
  • Adani Wilmar’s Fortune Online Store Completes 2 yrs
    17 Feb 2023, indianretailer.com
    ​​Adani Wilmar Limited marks the milestone of completing 2 successful years in the D2C space with its e-commerce platform – Fortune Online. The one-of-its-kind pioneering platform has consistently expanded its presence to 25+ cities across India over the past couple of years…
  • Rage and Keventers Join Hands, Introduces Hazelnut Cold Coffee
    17 Feb 2023, indianretailer.com
    ​​As spring approaches, Rage Coffee and Keventers have a treat in store for all cold coffee lovers. Rage Coffee’s intensely pure caffeine and Keventers’ classily cool shakes are infused in a bottle together to create the Hazelnut Cold Coffee…
  • Welspun expects ₹1,700-cr revenue from retail biz by FY26
    17 Feb 2023, thehindubusinessline.com
    ​​Welspun India expects exports to bounce back by end of next fiscal after being hit by global recession in the last few months…
  • Accenture ai.RETAIL platform integrates Google Cloud’s technologies for retailers
    17 Feb 2023, timesofindia.indiatimes.com
    ​​Google Cloud has announced new initiatives with Accenture to help retailers modernize their businesses and benefit from cloud technology, including updates to Accenture’s widely-adopted ai.RETAIL platform. These integrates Google Cloud’s leading capabilities in data analytics, AI, and product discovery…
  • Gargee Designer’s Expands Product Portfolio with PIUOMO
    17 Feb 2023, indianretailer.com
    ​​The renowned menswear label, Gargee Designer’s, launched their new collection “PIUOMO” as a vivid sequence of menswear for the upcoming spring/summer season. The collection captures the timeless quality of menswear and draws inspiration from comfort and contemporary sensibilities. ..
  • Zebronics Unveils Product Portfolio with Zeb-Rocket 500
    17 Feb 2023, indianretailer.com
    ​​SurfZebronics has launched a portable Bluetooth speaker called the ZEB-Rocket 500, whose design has been inspired by iconic DC characters, The Joker and Black Adam…
  • Parag Milk Foods Appoints Tushar Nerkar as New Marketing Head
    17 Feb 2023, indianretailer.com
    ​​Parag Milk Foods has appointed Tushar Nerkar as the new marketing head to nurture young talent and bolster the development of the company, the brand announced in a release. The company also promoted Pournima Surve to the position of head of corporate communications and public relations…
  • Ed-a-Mamma Expands Product Portfolio, Unveils Infant Wear Range
    17 Feb 2023, indianretailer.com
    ​​Fresh from the resounding success of their first-ever sustainable nursing maternity-wear collection, actor and investor Alia Bhatt’s brand is now expanding its product offerings to launch an Infant’s Collection focusing on the age group of 0-3 years…
  • Surf Excel is now a $1-billion brand
    16 Feb 2023, retail.economictimes.indiatimes.com
    ​​Surf, the original market leader in the detergent category, was evicted from the top spot in 1985 by Ahmedabad-based Nirma’s eponymous brand. This led HUL to launch the lower-priced Wheel to take on the new rival, capturing the top spot back. It held on to the position from the early 1990s till 2012, when Kanpur-based RSPL’s Ghari brand edged it out. Surf, however, upstaged both Wheel and Ghari three years ago…
  • Over 60% international retail brands expanded operations in Jul-Dec ’22 : CBRE
    16 Feb 2023, retail.economictimes.indiatimes.com
    ​​Other prominent categories that continued to drive leasing activity during Jul-Dec ‘22 included food & beverage (12%), along with hypermarket (7%) categories. The entertainment category, which was impacted the most during the pandemic, also emerged as one of the top demand drivers during Jul-Dec ‘22 with 6% share in overall space take-up…
  • Wipro Consumer Care Ventures made 10x returns from partial exit in The Good Glamm Group
    16 Feb 2023, thehindubusinessline.com
    ​​Wipro Consumer Care – Ventures had set up a ₹200 crore fund almost three years back and has since committed 60 per cent of the amount…
  • Spencer’s Retail Q3 Results: Loss widens to Rs 61.75 crore
    16 Feb 2023, retail.economictimes.indiatimes.com
    Total expenses were higher at Rs 703.89 crore as compared to Rs 669.49 crore in the same quarter a year ago.Spencer’s Retail Sector Head Shashwat Goenka said at a consolidated level the company’s business has grown led by significant growth in the non-food business and also from the food business with sustained omni-channel presence.”Continuous investments in making our digital shopping experience seamless for our consumers have helped us sustain the growth in the omni channel business,” he added…
  • Sunpure’s parent company acquires Maharashtra-based edible oil brand, Riso
    16 Feb 2023, retail.economictimes.indiatimes.com
    ​​With this acquisition, MK Agrotech aims to strengthen Sunpure’s presence in the Maharashtra market and achieve a revenue of Rs 120 crore in FY 2023-24 from the region…
  • Top 11 listed retailers, QSRs opened 12 stores/day in ’22
    16 Feb 2023, retail.economictimes.indiatimes.com
    ​​These firms – Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), D’Mart, Trent, Tata Starbucks, Titan, Jubilant FoodWorks, V Mart, Shoppers Stop, Westlife Foodworld, and Burger King – added 4,583 outlets last year, increasing their combined store network to 28,064 doors, data sourced from their latest investor presentations show…
  • Pet care brand Zigly aims to reach profitability in the next 3-4 years
    16 Feb 2023, retail.economictimes.indiatimes.com
    ​​The brand which was started with an investment of Rs 25-30 crore earns 65 per cent of its revenue from products and remaining 35 per cent comes from services…
  • Marico to invest in more D2C brands; food, digital in focus
    16 Feb 2023, livemint.com
    ​​Marico Ltd plans to invest in more direct-to-consumer startups to expand its bouquet of digital-first brands, as the maker of Parachute and Saffola oils hopes to harvest the benefits of scaling up smaller consumer brands…
  • Marico to expand portfolio in MENA
    16 Feb 2023, thehindubusinessline.com
    ​​In a bid to expand its international business, Fast Moving Consumer Goods (FMCG) major Marico will grow its product portfolio for the Middle East and North Africa regions (MENA)…
  • Australian homeware brand Anko to launch in India
    16 Feb 2023, retail.economictimes.indiatimes.com
    The company has appointed Pulkit Bansal as Head of Anko India. He will be responsible for developing and executing Anko India’s strategy, operations management, and building people capability to support the growth and scaling the business in the country…
  • Apparel retailers lead leasing activity in H2 of 2022
    16 Feb 2023, livemint.com
    Fashion and apparel retailers led retail expansion in the second half of 2022, as brands stepped up expansion in India’s smaller cities, according to a report by CBRE South Asia Pvt. Ltd. Fashion and apparel retailers continued to expand their footprint, accounting for 42% share of overall leasing activity in July-December 2022, the consulting firm said in its India Retail Figures H2-2022 report released Wednesday…
  • India a bright spot for investments despite current volatility: Blackstone
    16 Feb 2023, rediff.com
    ​​Despite the recent turmoil in the Indian markets after a scathing report on the Adani group from Hindenburg Research, American private equity major Blackstone is “bullish” on the India growth story and plans to invest more in the country’s infrastructure and real estate projects…
  • Bengaluru led retail leasing activity in July-Dec 2022, pan-India supply dropped 69% YoY: Report
    16 Feb 2023, moneycontrol.com
    Bengaluru and Delhi-NCR, followed by Chennai and Mumbai, together accounted for almost 80 percent of the overall retail space take-up during the same period…
  • Shop owners, residents seek ban on spa centres in mall
    15 Feb 2023, tribuneindia.com
    ​​Shop owners of MGF Metropolitan Mall, along with nearby residents, have demanded a ban on spa centres here, accusing them of running prostitution racket…
  • Rahul Dhamdhere appointed as Chief Marketing Officer of KidZania India
    16 Feb 2023, afaqs.com
    KidZania India has appointed Rahul Dhamdhere as chief marketing officer effective from 10th January 2023…
  • Top 20 Apparel & Fashion Companies in India 2023
    16 Feb 2023, inventiva.co.in
    ​​Currently, learning about India top 30 clothing and textile firms, as well as the top 25 fashion labels, is not difficult. If you live in an urban area, you can find several renowned Indian and international fashion brands by visiting a mall…
  • Burger Singh to Expand Retail Presence in Odisha
    16 Feb 2023, indianretailer.com
    ​​The largest Made-In-India Burger Chain, Burger Singh, is set to make an entry into Odisha for the first time, as it plans to open 8 new outlets in the state and intends to hire 100 personnel for manning its new outlets…
  • Revlon Expands Product Portfolio with packaging Resonating with Indian Consumers
    16 Feb 2023, indianretailer.com
    ​​Revlon’s most premium brand in the hair color market, TOP SPEED, offers a unique 5-minute color technology for easy application along with Mother of Pearl and Ginseng root extracts for shiny and nourished hair…
  • True Elements Represents India for Millets in Europe IYOM in 2023
    16 Feb 2023, indianretailer.com
    ​​India’s first Clean Label and 100 percent Whole Grain certified food brand, True Elements, was invited to represent India at the first-ever global outreach event for Millets by the Government of India – the Saveurs and Métiers Expo – held in Belgium in January…
  • Nutrizoe Expands Product Portfolio, Unveils New Product Range
    16 Feb 2023, indianretailer.com
    Women wellness brand Nutrizoe has introduced new flavors for its lactation-aiding bar Lactobites and nausea-inhibiting oral strips Nail the Nausea…
  • Mars Wrigley Expects High Growth from Brands – Galaxy, Snickers & Boomer
    16 Feb 2023, indianretailer.com
    ​​India is a “seed market” for Mars Wrigley and the global confectionery major is investing in the country ahead of the curve for better growth, a company official said…
  • Akihi Forays into Indian Markets, Unveils 10 Vegan Skincare Products
    16 Feb 2023, indianretailer.com
    ​​Akihi has announced the launch of its wide range of world-class vegan skin care products in the country. The brand has launched 10 vegan skincare products under its umbrella that feature Remove the Dust Cleansing Balm, Clean Up Gel Face Wash, Effortless Exfoliation Face Scrub, Calm the Soul Toner, Genie In The Bottle Facial Serum, Relax the Soul Face Moisturizer, Serene Dreams Night cream, Smooth Out The Edges Body Butter, Brighter Smile Lip Scrub and Own Your Smile Lip balm…
  • Foxtale Expands Product Portfolio with The Diva
    15 Feb 2023, retail.economictimes.indiatimes.com
    Foxtale has launched The Diva, the newest addition to the brand’s elaborate and efficacious skincare solution range. The latest superstar entrant by Foxtale – The Diva, is an overnight glow mask designed to deliver brighter, smoother, and younger-looking skin with its powerful blend of AHAs and PHAs. This innovative formula promises to help one achieve a radiant complexion while one sleep…
  • Coca-Cola chief James Quincey sees huge potential in India
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​“In all likelihood, it won’t be a straight line. But in a way, India exemplifies the long-term opportunity for emerging markets.”…
  • Exclusive | JioMart shutters its quick delivery service ‘Express’
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Users can no longer download the JioMart Express app from the Google Play Store, and its website is also inactive. Instead, it is directing users to try JioMart on WhatsApp where deliveries are taking at least a few hours or the next day as opposed to JioMart Express, which was a 90-minute delivery service…
  • India is rapidly growing into a beauty epicenter of the world: L’Oréal global CEO
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​”From a €500 million business today, I think we can take it to €1 billion in the next foreseeable future. So very excited about India,” Nicolas Hieronimus, chief executive officer at L’Oréal told investors. “I don’t think India will never ever look like China, but it’s still a very promising market for us. We have high ambitions. Middle classes are rising in a major way. It’s still not as developed as we would like in terms of distribution, but it’s really accelerating and our shares are growing.”…
  • Subway says it’s exploring selling the sandwich company
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Subway has been losing market share in recent years to fast-growing rivals like Panera and Firehouse Subs, which feature more varied menus and newer stores. Subway took notice, and began a program to modernize its stores in 2017. In 2021, it refreshed its menu and upgraded ingredients; last year it introduced a line of chef-developed sandwiches…
  • Reliance Retail opens E-outlet Tira for beauty products
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​”The platform has a dedicated luxury section which is in direct competition to Nykaa Luxe,” said an executive with direct knowledge of the details. “We stock products that are formulated by experts and backed by industry insiders. Tira is the destination for those looking for unheard of skincare lines or a cult-favourite makeup,” the platform has announced on its app, according to another executive…
  • Dabur weighs acquisitions to expand across India, Southeast Asia
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​NykaaOn the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd. in October, the 139-year-old firm, which sells traditional Ayurvedic medicine and herbal products including toothpaste and shampoo, is evaluating other targets in health, food and personal care in those markets, Chief Executive Officer Mohit Malhotra said…
  • Grasim Industries Q3 profit falls on demand slowdown
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​The textiles manufacturer, part of the Aditya Birla Group, said its standalone net profit fell to 2.57 billion rupees ($31.07 million) in the quarter ended Dec. 31, from 5.22 billion rupees a year ago…
  • Liberty Shoes net profit drops 62.9% in Q3 FY23
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Liberty Shoes’ ​​total revenue from operations slightly increased to Rs 158.52 crore in Q3 FY23 as from Rs 151.90 crore in the same quarter last year with an year-on-year growth of 4.3 per cent. As per the regulatory filing, its total expenses grew to Rs 155.95 crore in the October-December quarter as compared to Rs 145.70 crore in the corresponding quarter of previous year…
  • Bata India reports 15% rise in net profit at Rs 83.19 crore in Q3 FY23
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Bata India’s revenue from operations rose 7 per cent year-on-year (YoY) to Rs 900.21 crore in Q3 FY23 from Rs 841.30 crore in the same period of the last fiscal.​..
  • Indian luxury market in 2023 and beyond
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Although, major economies in the world are witnessing recessionary trends, Indian economy is estimated to grow by around 7% this year to become fifth largest economy in the world. According to recent EY report, India’s GDP will reach $26 trillion and its per capita income will touch $15000 by 2047, placing it among the top developed economies…
  • Radico Khaitan Q3 net profit falls 23 pc to Rs 61.2 crore
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Its revenue from operations was down 3.97 per cent to Rs 3,166.19 crore during the quarter under review as against Rs 3,297.24 crore in the corresponding quarter of the previous fiscal…
  • Coca-Cola HBC’s annual profit beats, warns of price increases
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Most companies have hiked prices in a bid to pass on some of these costs to their consumers. Although a cost of living crisis has seen a shift in consumer spending, packaged beverage and food makers have continued to see resilient demand…
  • Cloud kitchen startup Edabba plans to raise funds for expansion
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​The cloud-based chain plans to set up 12 more kitchens in these two cities in the coming six to nine months after raising funds…
  • Phone or TV, action is at the premium end now
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Sales of premium products across categories from smartphones and televisions to water purifiers, refrigerators and ACs grew as much as nine times faster than their overall segmental growth last year, shows the 2022 data for the consumer electronics industry…
  • Instagram to end live shopping feature on March 16
    15 Feb 2023, businessinsider.in
    ​​Social media platform Instagram has announced that it will discontinue its live shopping feature, which allows users to tag products in their live broadcasts on March 16…
  • Prestige Estates Projects’ net profit up 75% in Q3 FY23
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Prestige Estates Projects’ consolidated total revenue stood at Rs 2,347.50 crore in Q3 FY23, a growth of 74.22 per cent from Rs 1,347.40 crore it recorded in the similar quarter of the last year…
  • Blackstone says India top Asian market, eyes infra investments
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Private equity deals in India totalled $32 billion last year, a 27% drop from 2021. However India’s share of total Asia funding rose to 25% from 16% in the same period…
  • Cantabil Retail Expands Offline Presence in India with 5 New Stores

    15 Feb 2023, indianretailer.com
    ​​Cantabil Retail India Ltd has kicked off the year 2023 with the opening of 5 new exclusive retail outlets. As part of the company’s strategic vision to increase its retail portfolio, new apparel and accessories stores have been opened in different states, including Jammu and Kashmir, Punjab, Maharashtra, and Uttar Pradesh…
  • Provenance Gourmet Gifts and Royce’ Chocolateare Expands Presence in Bangalore
    15 Feb 2023, indianretailer.com
    ​​Provenance Gourmet Gifts and Royce’ Chocolateare has launched its 7th outlet in Orion Mall at Brigade Gateway. The gift boutique offers a wide range of curated gourmet and lifestyle products and thoughtful gift hampers…
  • Airports Authority of India launches retail and F&B tenders at Pune International Airport
    15 Feb 2023, moodiedavittreport.com
    ​​Airports Authority of India (AAI) has launched tenders for retail and food & beverage outlets covering over 2,000sq m at Pune International Airport. They will be spread across existing terminal buildings and the upcoming new integrated terminal building, which will be operational by July this year…
  • Mars Wrigley Expects High Growth from Brands – Galaxy, Snickers & Boomer
    15 Feb 2023, indianretailer.com
    ​​India is a “seed market” for Mars Wrigley and the global confectionery major is investing in the country ahead of the curve for better growth, a company official said…
  • How Deepika Padukone’s 82°E is Working Towards Simplifying Skincare Routines
    15 Feb 2023, retail.economictimes.indiatimes.com
    ​​Founded by Deepika Padukone and Jigar K Shah- 82°E is a modern self-care brand with skincare as its inaugural category. The brand was incepted owing to the founders’ realization that though the beauty and personal care space in India have seen immense growth, there are clear whitespaces and pain points that could be solved at scale with celebrity influence…
  • Nykaa Q3 results: Falguni Nayar says 2022 a year of investments; fashion segment leads in growth
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Nykaa saw a 68 per cent fall in its consolidated net profit to Rs 9 crore for the quarter that ended December 31, 2022. The company reported a net profit of Rs 29 crore in the same quarter last year…
  • Nykaa Q3 Results: Profit declines 68% YoY to Rs 9 crore
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Nykaa Q3 Results: Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for the quarter under review…
  • Future Consumer Q3 net loss narrows to Rs 41.23 crore
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​The revenue from operations of the debt-ridden Future Group’s FMCG arm was down 79.64 per cent to Rs 91.73 crore during the quarter under review as against Rs 450.73 crore in the year-ago period…
  • Etail beats retail in smartphone shipments in 2022
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Shipments from manufacturers’ factories to online channels were at a record high share of 53% in the last calendar year even as in absolute terms they declined 6% year on year due to a fall in demand, data from IDC India showed…
  • Amazon CEO doubles down on grocery store business – FT
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Jassy blamed a lack of normalcy during the pandemic for a series of stumbles and said the company was ready to “go big” on bricks-and-mortar stores, the report added…
  • India’s retail inflation breaches RBI’s tolerance limit in January, accelerates to 6.52%
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Higher inflation has been a concern for central banks across the globe, including India, as the uncertain nature of the Russia-Ukraine war compounded supply side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks…
  • Khadim India net profit declines to Rs 4.81 crore in Q3 FY23
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​The company’s revenue from operations dips 19 per cent year-on-year (YoY) to Rs 148.95 crore in Q3 FY23 as compared to Rs 185.04 crore in the corresponding period of previous fiscal, as per the regulatory filing…
  • Lux Industries to achieve turnover of Rs 1,000 crore by FY26
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​To increase the growth of the men’s wear segment, Lux Industries has roped in Bollywood actress Jacqueline Fernandez to endorse the men’s innerwear…
  • Zomato, Swiggy cap password sharing in loyalty schemes
    14 Feb 2023, financialexpress.com
    ​​In the past, several Zomato Gold — which offered one plus one offers — users shared screenshots of the offers with non-members, which led the company to make its first set of tweaks…
  • India is among fastest growing markets for Mars Wrigley: Kalpesh R Parmar
    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​”There is a resurgence around India; some of the larger economies are facing tougher headwinds. If companies want to exist for the next few decades, they have to grow in India,” Parmar told ET in an interview at the company’s factory near Pune, where it makes Snickers and Galaxy chocolates…

  • The Good Glamm Group launches Good Community in alliance with WhatsApp

    14 Feb 2023, retail.economictimes.indiatimes.com
    ​​Good Community seeks to augment and strengthen the Good Glamm Group’s content-creator-commerce flywheel Beauty and personal care conglomerate The Good Glamm Group has launched Good Community, an omnichannel network of consumers and experts…
  • Select CITYWALK Becomes India’s First Shopping Center To Install AQS For Purified Indoor Air
    14 Feb 2023, newspatrolling.com
    ​​In an industry first approach, Select CITYWALK becomes a pioneer to install Air Quality System(AQS) in order to provide best indoor air quality to patrons. The shopping centre has installed multistep filtration in their AHU to improve the outside air by 70-80%. Keeping the health and safety of its consumers on priority, Select CITYWALK has consciously taken an initiative to introduce advanced technology in the filtration system across the entire premises…
  • Thane’s Bright Minds Participate in KORUM Mall’s Chess Competition
    14 Feb 2023, newspatrolling.com
    ​​KORUM Mall is thrilled to announce that its recent chess tournament was a resounding success, with players from all over Mumbai and Thane coming together to engage in competitive matches. Players of all skill levels, from amateur enthusiasts to professionals, competed in the tournament…
  • Garmin Expands Offline Presence in Bengaluru
    14 Feb 2023, indianretailer.com
    ​​Garmin India, a unit of Garmin Ltd. announced the launch of its second brand store in Bengaluru, which is in line with Garmin’s retail footprint expansion plan and enhanced connectivity in the Indian market. The new experiential store aims to meet the surge in consumer demand by allowing customers to easily experience and purchase Garmin products and services…
  • Muscle and Strength India Ropes in Tarun Gill as Brand Ambassador
    14 Feb 2023, indianretailer.com
    ​​Muscle and Strength India, one of the country’s leading retailers of fitness supplements and nutritional products, has signed renowned fitness influencer and athlete Tarun Gill as it’s Brand Ambassador. As part of this association and one of the biggest deals in the fitness industry, Tarun will be spearheading several initiatives for the brand in the space of health, wellness, and nutrition, and also appear in multiple campaigns which will run across multiple platforms promoting the brand…
  • VIP Clothing Q3: Revenue down but profit increases
    14 Feb 2023, apparelresources.com
    ​​VIP Clothing Ltd., one of the leading innerwear companies, has reported a net profit of Rs. 5 crore for the Q3 of current fiscal compared to net loss of Rs. 2 crore in the same period of last fiscal…
  • Zomato exits 225 smaller cities due to “not very encouraging” performance in recent quarters
    13 Feb 2023, retail.economictimes.indiatimes.com
    ​​The Gurugram-based company on Thursday reported that its consolidated revenue grew 75% to Rs 1,948 crore in the October-December quarter, even as its loss jumped five times to Rs 346 crore…
  • Blinkit looking to expand dark store count by around 40% over next 12 months
    13 Feb 2023, retail.economictimes.indiatimes.com
    Blinkit posted a revenue of Rs 301 crore in the third quarter ended December 31, 2022, up 28% quarter-on-quarter (QoQ), while gross order value (GOV) stood at Rs 1,749 crore, a growth of 18% QoQ…
  • Godrej-backed company India Circus aims to touch Rs 80 crore revenue this fiscal
    13 Feb 2023, retail.economictimes.indiatimes.com
    Currently, the company has 16 stores across India and targets to open 15-16 stores in the upcoming fiscal year. It has a presence in Pune, Mumbai, Chennai, Kolkata, Bangalore, Jaipur, Ajmer, Alibaug, and Hyderabad and plans to add stores in Delhi, Chandigarh, and Lucknow…
  • Companies are rushing to stock retail stores with summer products
    13 Feb 2023, retail.economictimes.indiatimes.com
    “We don’t want to take any chances by running out of stock. So, we have pre-stocked much earlier this year than we normally do. We have safeguarded ourselves,” Ravi Jaipuria, chairman of RJ Corp-owned Varun Beverages, PepsiCo’s exclusive bottling partner, said at the company’s post-earnings call last week…
  • D2C brand Zouk eyes strong offline presence, international foray
    13 Feb 2023, retail.economictimes.indiatimes.com
    The brand will be marking its international foray anywhere between May-June this year…
  • Expect ecommerce volumes to grow 15-20% in 2023: Delhivery CEO Sahil Barua
    13 Feb 2023, retail.economictimes.indiatimes.com
    While some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of e-commerce remains positive, Barua said after an earnings call with analysts on Saturday…
  • Khadi fast emerging as new avenue of lucrative ‘start-up’: Jitendra Singh
    13 Feb 2023, retail.economictimes.indiatimes.com
    “Today, Khadi garments and outfits have assumed the status of designer items and elite wear. Modi has popularised Khadi across the world with the mantra of Khadi for nation, Khadi for fashion and Khadi for transformation,” the minister of state in the prime minister’s office said…
  • Dabur India expects fruit drinks biz to end fiscal with ₹200 crore, foods at ₹160 crore
    13 Feb 2023, thehindubusinessline.com
    Dabur India expects its fruit drinks and milkshake portfolio to end the fiscal year with sales of ₹200 crore and foods business with sales of ₹160 crore. The company is also augmenting its capacity in the beverage season before the summer season kicks-off…
  • India smartphone market dip 27 per cent in Q4; entry-level, sub-Rs 25,000 segment most hit
    13 Feb 2023, retail.economictimes.indiatimes.com
    Smartphone shipments in the sub-USD 300 (about Rs 25,000) price segment declined by 15 per cent while mid-premium and premium price segments of USD 300-500 and over USD 500 (Rs 41,000) grew by 20 and 55 per cent, respectively during 2022…
  • Dutch pension fund APG Asset Management in talks to sell stake in Virtuous Retail
    13 Feb 2023, thehindubusinessline.com
    Dutch pension fund manager APG Asset Management is in talks to sell, either partially or fully, its stake in Virtuous Retail South Asia, which owns and operates about 14 million square feet of retail assets in India…
  • Shah at CAMPCO’s Golden Jubilee; launches nation’s first Agro Mall
    13 Feb 2023, indiancooperative.com
    Attending the golden jubilee celebrations of CAMPCO (Central Arecanut and Cocoa Marketing and Processing Co-operative Limited) as the chief guest at Puttur in Karnataka Union Home Minister and Minister of Cooperation, Amit Shah said that CAMPCO has completed 50 years and the completion of 50 years by an organization certifies that the organisation has served the farmers and its members with best of its capability…
  • RelianceD2C brand Zouk eyes strong offline presence, international foray
    11 Feb 2023, retail.economictimes.indiatimes.com
    Online fashion accessory brand Zouk is planning its expand its presence in the offline market by launching its exclusive brand outlets in key malls of metro cities. The brand is currently available in around 30 retail touchpoints and plans to reach 100 touchpoints in the next few quarters…
  • Reliance to invest Rs 75,000 cr across retail, telecom, renewables biz in UP: Mukesh Ambani
    11 Feb 2023, retail.economictimes.indiatimes.com
    Talking about its retail arm, Ambani said that Reliance Retail aims to revolutionize hundreds and thousands of kiranas and small stores across the state enabling them to grow more and earn more…
  • ‘Tech winter is not coming for Zomato.’ Deepinder Goyal says it’s best time to look for great talent
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Goyal said that the rough years for the tech industry are only a blip…
  • Bajaj Consumer Care net profit dips 13.54% to Rs 33.20 crore in Q3 FY23
    11 Feb 2023, retail.economictimes.indiatimes.com
    The company’s consolidated total revenue from operations stood at Rs 229.56 crore in Q3 FY23 as against Rs 228.82 crore in Q3 FY22, as per the regulatory filing…
  • Devyani International Q3 net profit rises 7.6% to Rs 71.03 crore
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Its revenue from operations in the third quarter of the current fiscal rose 26.61 per cent to Rs 790.59 crore against Rs 624.42 crore in the year-ago period, Devyani International Ltd (DIL) said in a regulatory filing…
  • Consumer giants like Unilever sacrifice sales by scrapping product lines
    11 Feb 2023, retail.economictimes.indiatimes.com
    Companies in the sector typically stock thousands of variations of sizes and flavours of different products. Narrowing that range can simplify operations. The groups are trying to spend less as they struggle to pass on higher input costs to consumers…
  • Offline companies beat e-tailers in leasing warehouses
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Offline retailers leased 3.2 million square feet (msf) of warehousing space last year, bouncing back to pre-pandemic levels, data from commercial real estate services firm CBRE showed. At the same time, warehousing space that ecommerce companies took on lease in 2022 more than halved to 2.2 msf from 5.9 msf in 2021 as demand shifted to offline retail stores that operated without any restrictions last year…
  • Delhivery Q3 revenue falls 8% to Rs 1,823 crore
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Losses jumped 54% to Rs 195 crore from Rs 126 crore in the corresponding period last year…
  • Why secondhand smartphones are a top choice for customers today
    11 Feb 2023, retail.economictimes.indiatimes.com
    Around 25 million smartphones were bought and sold in the secondhand market, and their sales are expected to rise to 51 million units at a valuation of $4.6 billion by 2025, as per a report by IDC and the Indian Cellular and Electronics Association (ICEA)…
  • Patanjali to focus on high-margin premium products
    11 Feb 2023, livemint.com
    ​Patanjali Foods, formerly Ruchi Soya Industries, which sells biscuits, edible oil, soya-chunks and honey will launch more high-margin premium products, including cookies, vitamin-gummies and millet-based foods in the next two quarters, Sanjeev Asthana, chief executive, Patanjali Foods, said in an interview…
  • Pet care brand Wiggles elevates Pushkaraj Vartak to CFO and Prashant Kohli to CMO
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Speaking on the development, Anushka Iyer, founder and CEO of the company said, “At this stage, we are looking at progressive, compassionate & result oriented leaders to drive growth for the organization.” She believes that they will help chart the best course for the next growth phase for Wiggles…
  • Akzo Nobel India net profit rises 16% to Rs 97.4 crore
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​Akzo Nobel India Managing Director Rajiv Rajgopal said: “We have registered a topline growth of 8 per cent in the quarter led by a strong performance across the Coatings businesses. Decorative paints saw a relatively muted growth, retail markets were affected by the monsoon in October but saw an uptick in November and December.”…
  • Budget handsets’ share in India dips below 50% in 2022
    11 Feb 2023, livemint.com
    ​The share of entry-level handsets in India’s smartphone market fell to below 50% in 2022. These devices, which are priced below ₹8,000, usually account for the largest part of India’s market. However, analysts and market watchers have been noting a steady decline over the past year or so…
  • Realme partners with Coca-Cola to launch smartphone
    11 Feb 2023, retail.economictimes.indiatimes.com
    ​When asked what the partnership says about the brand’s strategy to strengthen its consumer base, Sheth said that with this collaboration, both brands will be able to tap into each other’s consumer base and reach a wider audience. The partnership will also help in exploring new marketing channels and reaching new audiences, which can lead to increased sales and customer user base in the future…
  • Noida, Greater Noida to get new malls, Lulu Group to invest Rs 2500 crore
    11 Feb 2023, dnaindia.com
    ​Noida news, Greater Noida news: Around 6,000 people will get direct job opportunities in Uttar Pradesh…
  • How Wacoal India is Redefining Lingerie by Creating Sustainable Products
    11 Feb 2023, indianretailer.com
    ​Sustainable fashion is gaining a strong foothold in India. Consumers are consciously aware of the effect their choices can have on the global environment and are showing a strong inclination for eco-friendly fabrics and processes. There is a wide awareness of the importance of near-shoring, carbon footprints, and more conscious manufacturing processes. ..
  • PepsiCo Records Double Digit Revenue Growth in India in 2022
    11 Feb 2023, indianretailer.com
    ​Global food and beverages major PepsiCo said its Indian unit delivered a “double-digit organic revenue growth” in 2022. The company has gained market share in beverage and savory snacks in markets, including India, PepsiCo said in its earning statement…
  • 4700BC Extends Snacking Portfolio, Unveils Corn Chips+

    11 Feb 2023, indianretailer.com
    4700BC, India’s mass premium snacking brand, continues its streak of disruption for the snacking category with the launch of the Corn Chips+. This revolutionary launch is set to be a game changer, thereby elevating the chips category to a whole new level. The tagline – Upgrade to the Future – reveals their desire to be a disruptor and provide people with a product that is crunchy, rich, and savory in every aspect…
  • Reliance Jewel Expands Product Portfolio with New Collection
    11 Feb 2023, indianretailer.com
    ​Reliance Jewels is asking their customers not to forget the most important person, “themselves”; thus making Valentine’s Day not only a celebration with your loved one but also making it a day where you celebrate love for oneself. Reliance Jewels, India’s leading jewelry brand, launched a unique collection to celebrate you. A collection for those who love and embrace themselves – #KhudseBhiPyaarKaro and make the world a better and happier place as well…
  • Fabelle Unveils Grand Chocolate Festival, Fête du Chocolat
    10 Feb 2023, retail.economictimes.indiatimes.com
    ​Fabelle Exquisite Chocolates, a home-grown luxury chocolate brand from ITC Ltd., renowned for creating unparalleled chocolate experiences, has always propelled the Indian luxury chocolate sector to newer and greater heights…
  • Rural markets in India flat due to impact of high food inflation on low income consumers: Unilever CEO Alan Jope
    10 Feb 2023, retail.economictimes.indiatimes.com
    ​”The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes,” Jope said during its earnings call. “But we remain confident that we can continue to grow ahead of the market in India.”…
  • PepsiCo reports double digit revenue growth in India in 2022
    10 Feb 2023, retail.economictimes.indiatimes.com
    The company has gained market share in beverage and savory snack in markets, including India, PepsiCo said in its earning statement…
  • Zomato Q3 Results: Loss widens to Rs 347 crore, but sales rise 75% YoY
    10 Feb 2023, retail.economictimes.indiatimes.com
    Zomato had posted a loss of Rs 63 crore a year ago and Rs 251 crore a quarter ago..
  • Cargill expects to register double-digit growth by May 2023; expand its presence in South India
    10 Feb 2023, retail.economictimes.indiatimes.com
    The company recently entered the South India market in December with its manufacturing facility in Nellore, Andhra Pradesh. The company said it invested $35 million in the new unit to grow its market in the region. According to the global food corporation, its annual revenue stood at $165 billion fiscal ended May 2022. Further, it said India is becoming an important market globally and will play a large role in its growth strategy for the Asia-Pacific (APAC) region…
  • Emami to focus on digital-first brands; eyes 25% contribution from e-comm and modern trade
    10 Feb 2023, retail.economictimes.indiatimes.com
    ​The Navratna oil maker saw an approximately 4 per cent decline in its domestic business in Q3. Noting the same, Goenka said that due to muted demand in rural markets coupled with a weak winter, the brand couldn’t grow its topline…
  • United Breweries consolidated net loss at Rs 1.81 crore in Dec quarter
    10 Feb 2023, retail.economictimes.indiatimes.com
    UBL said due to change in operating models in these states on account of post integration review undertaken by Heineken, there has been a volume decline, which resulted in lower cash inflows due to reduction in revenue…
  • Voltas posts net loss of Rs 110 crore in Q33
    10 Feb 2023, retail.economictimes.indiatimes.com
    Its revenue from operations was up 11.82 per cent to Rs 2,005.61 crore during the quarter under review as against Rs 1,793.59 crore in the year-ago period…
  • India’s retail inflation may have risen to 5.99% in January
    10 Feb 2023, livemint.com
    After declining for two straight months, retail inflation has picked up in January, just short of the 6% upper tolerance level of RBI’s target, a Mint poll of 20 economists showed. For December, inflation rate was at 5.72%…
  • Shoppers return to pre-Covid buying habits
    10 Feb 2023, retail.economictimes.indiatimes.com
    Marketers said the shift was happening for last few quarters due to the fall in Covid infection rates and lifestyle returning back to pre-Covid days, but the transition to pre-Covid level consumption has largely been completed last quarter across multiple categories like apparel, fast moving consumer goods (FMCG), laptops and household appliances…
  • Marico scouting for D2C brands in personal care, food categories
    10 Feb 2023, thehindubusinessline.com
    Betting on rising digital commerce, Marico is looking to acquire direct-to-consumer (D2C) companies in the personal care and food segment…
  • D2C startup ZOFF raises Rs 1 crore from boAt’s co-founder in Shark Tank India
    10 Feb 2023, retail.economictimes.indiatimes.com
    In the last fiscal, ZOFF’s annual revenue stood at Rs 60 crore. It expects to generate Rs 65-70 crore in current fiscal year. The company said the key factors that contributed to its growth are quality, packaging and online sales…
  • Oberoi Realty’s Second Mall in Mumbai to Open this Year
    10 Feb 2023, rli.uk.com
    The new mall will be situated at Borivali East, a part of the Mumbai’s western suburbs, and is strategically located, flanked by the Western Express Highway on one side and a metro station on the other…
  • Omaxe Chowk to have the biggest food court in India
    10 Feb 2023, business-standard.com
    Omaxe Chowk, a first-of-its-kind retail destination located in the heart of Delhi – Chandni Chowk brings the largest food court in India. Spread across one lakh sq. ft. area, the food court will have over 2,000 seating capacity…
  • Pickcel’s Digital Signage Solution Helps Amazon Scale Its Product Promotions on 120+ Screens in Various Shopping Malls
    10 Feb 2023, martechseries.com
    One of the world’s leading digital signage solution providers, Pickcel, is well known for its ‘efficiency with technology’ mantra. The brand has bagged another major success in mitigating a retail enterprise business challenge…
  • Simpli Namdhari Expands Offline Presence in JP Nagar
    10 Feb 2023, indianretailer.com
    With an aim to serve more customers with its differentiated offerings, Simpli Namdhari’s, a 100 percent vegetarian omnichannel retailer and a brand owned by the Namdhari’s Group, opened its 10th store in Bengaluru’s JP Nagar area…
  • Pansari Group Unveils “PANSARI EPICURE” to Drive Sales
    10 Feb 2023, indianretailer.com
    Pansari Group, one of the leading FMCG brands with decades of experience, is ready to spread its presence in the HoReCa B2B segment with PANSARI EPICURE. The initiative offers a complete range of high-quality food ingredients to professional chefs, purchase managers, and small restaurant owners with their personalized and versatile bulk ordering. PANSARI EPICURE has been making an available variety of rice, oil, and millet along with Chefys Seasoning and Shasha spices, needed for the HORECA sector…
  • TenderCuts Unveils New Yenture, HappyChops
    10 Feb 2023, indianretailer.com
    TenderCuts has announced the launch of a brand-new venture, HappyChops – a marketplace to empower local meat shops with the latest technologies, robust supply chain, and accelerated growth…
  • Oberoi Realty’s net profit increases by 50.27% in Q3 FY23
    09 Feb 2023, retail.economictimes.indiatimes.com
    Oberoi Realty’s consolidated total income stood at Rs 1,651.50 crore in Q3 FY23, a growth of 95.17 per cent from Rs 846.19 crore it recorded in the similar quarter last year…
  • Adani Wilmar Q3 Results: Net profit rises 16% YoY to 246 crore
    09 Feb 2023, retail.economictimes.indiatimes.com
    Revenue from operations increased 7% year-on-year (YoY) to Rs 15,438 crore in the December quarter. It was Rs 14,370 crore in the year-ago period…
  • Coke may take Thums Up, Maaza to global markets
    08 Feb 2023, retail.economictimes.indiatimes.com
    While homegrown cola brand Thums Up has crossed $1 billion in sales in India, Maaza juice is expected to enter the billion-dollar club by 2024…
  • We are long on India, its consumers, and economy: Levi Strauss
    09 Feb 2023, retail.economictimes.indiatimes.com
    “Globally, the first half of 2023 is probably going to be a little tougher than the second half. The consumer in the western world is a little tight with higher inflation and high energy prices. But we are long on India, its consumers, the economy as well as apparel growth,” Harmit Singh, global chief financial and growth officer at Levi Strauss & Co told ET…
  • Aditya Birla Group enters premium casual dining space
    09 Feb 2023, retail.economictimes.indiatimes.com
    The group’s hospitality arm housed under Aditya Birla New Age (ABNA) has collaborated with India’s well-known chef restaurateur Rahul Akerkar and will build premium casual dining restaurant chains across India…
  • Bajaj Electricals may take price hike for fans; to continue on brand spends in Q4: MD
    09 Feb 2023, retail.economictimes.indiatimes.com
    “We’re not reducing any prices as we will not pass any costs to the consumer. The reduction in input costs is only fair that we get to keep some of it so that our margins are back to normal.”..
  • Sheela Foam looks to buy furniture rental Furlenco
    09 Feb 2023, livemint.com
    Sheela Foam Ltd is in advanced talks to acquire furniture rental startup Furlenco, said three people with knowledge of the development, as the maker of the Sleepwell brand of mattresses looks to expand into newer business categories…
  • Advertising spends on Ecomm platforms crossed $1 billion in 2022
    09 Feb 2023, retail.economictimes.indiatimes.com
    According to business intelligence platform Tofler, Flipkart Internet, the marketplace part of Walmart-owned Flipkart India, posted 50% year-on-year growth in ad revenue at ₹2,083.5 crore in FY22. At Amazon India’s marketplace subsidiary, Amazon Seller Services, advertisement revenue rose 63% to ₹4,171.4 crore. These two sites generated more than ₹6,250 crore in ad income in FY22…
  • Consumer confidence continues upward trajectory: RBI survey
    09 Feb 2023, livemint.com
    Indian consumers showed increasing optimism about the general economic conditions and household income, according to a survey conducted by the Reserve Bank of India in January…
  • Trent net profit rises at Rs 154.81 crore in Q3 FY23
    09 Feb 2023, retail.economictimes.indiatimes.com
    Its revenue from operations was at Rs 2,303.38 crore during the quarter under review compared to Rs 1,499.08 crore in the third quarter of FY22…
  • Cantabil Retail posts 13% in Q3 profit
    09 Feb 2023, retail.economictimes.indiatimes.com
    According to a statement shared with exchanges, revenue went up 23.82 per cent to Rs 163.10 crore, against Rs 131.72 crore in the year-ago period…
  • TenderCuts integrated marketplace Happy Chops to onboard 1,000 local meat vendors by June 2023
    09 Feb 2023, retail.economictimes.indiatimes.com
    ​The company has already onboarded more than 100 local chicken and mutton shops in Chennai covering almost 15 percent of the urorganised chicken and meat market in the city and by March 2023, it plans to onboard 300 more neighbourhood stores…
  • Symphony Q3 profit rises 86% to Rs 39 crore
    09 Feb 2023, retail.economictimes.indiatimes.com
    Revenue from operations rose 35.12 per cent to Rs 277 crore during the quarter under review against Rs 205 crore in the year-ago period…
  • Noida, Greater Noida to get new malls, UAE company worth $8 billion to invest Rs 2500 crore
    09 Feb 2023, msn.com
    Good news has emerged for the people of Noida. After Lucknow, Lulu Group will construct new malls in Noida and Greater Noida. The Noida Authority has entered into an agreement with the Lulu Group. The group will invest Rs 2500 crore into Noida. They have received the land in Greater Noida for this purpose…
  • Coming soon: QR Code based coin vending machine at railway stations, malls, markets across 12 cities in India
    09 Feb 2023, timesofindia.indiatimes.com
    To improve the distribution of coins among the public, the Reserve Bank of India is preparing a pilot project on QR Code based Coin Vending Machine (QCVM) in collaboration with a few leading banks of India…
  • ‘Levi Strauss allocating more dollars towards Asia in 2023’
    09 Feb 2023, livemint.com
    Consumer preference for casual and active wear like sweatpants during covid lockdowns had prompted clothing brands to step up efforts to align their product ranges to meet new demand…
  • KARAN and MOIN Expands Retail Footprint in Gurugram
    09 Feb 2023, indianretailer.com
    KARAN and MOIN, defined by its flawless 30-year heritage of customizing bespoke, made-to-measure wardrobe that syncs to your body language, recently launched its physical shop in Gurugram. The studio at Gurugram is the label’s first step towards strengthening its presence in the NCR region and getting closer to its customers…
  • Eli Bitton Expands Offline Footprint with First Store in Delhi
    09 Feb 2023, indianretailer.com
    Eli Bitton, an Israel-origin fashion house, officially opened its flagship store in Delhi in December 2022. The showroom features one of the largest selections of ready-to-wear exquisitely embroidered evening gowns in the Delhi NCR region…
  • RENÉE Cosmetics Expands Offline Footprint in Lucknow
    09 Feb 2023, indianretailer.com
    RENÉE Cosmetics adds yet another flagship store in the country, this time in Lucknow at Lullu Mall; this is alongside the existing shop-in-shop stores and the online presence that the brand already has in the city, further widening its outreach. Renowned actress Mouni Roy inaugurated the store, which will showcase the brand’s extensive portfolio across make-up, skincare, and fragrances divisions…
  • Blue Tribe Partners with INOX Cinemas
    09 Feb 2023, indianretailer.com
    In a bid to expand its consumer base and reach customers who are always on the lookout for healthy but delicious snack options, Blue Tribe, India’s leading foodtech company working strenuously on a mission to reinvent global meat-consuming methods has joined forces with INOX Cinemas…
  • Carlsberg’s India and Nepal JV partner to sell its entire 33.3% stake for $744 million
    08 Feb 2023, retail.economictimes.indiatimes.com
    Carlsberg said for several years, it has had serious disagreements pertaining to the Shareholders’ Agreement between Carlsberg and its partner CSAPL Holdings Pte Ltd (CSAPLH) in relation to Carlsberg South Asia Pte Ltd (CSAPL), the holding company for the businesses in India (100%) and Nepal (90%).Carlsberg owns two thirds and CSAPLH the remaining one third in the holding firm…
  • Ikea cuts prices on select articles by 16-39% in India
    08 Feb 2023, retail.economictimes.indiatimes.com
    The company’s insights over the last four years of its presence in the country, where it understood that Indian consumers are very price sensitive was the prime reason for it, Ikea India’s chief executive and chief sustainability officer Susanne Pulvere said, adding that it is not driven by competitive pressures…
  • Aditya Birla Fashion and Retail net profit slumps to Rs 11.21 crore in Q3 FY23
    08 Feb 2023, retail.economictimes.indiatimes.com
    The company made accelerated marketing investments post a hiatus of 2 years across businesses as the company reinstated its rigor on augmenting its brands and building customer engagement, as per the regulatory filing. Stating the reason for the impact on net profit, the company said its marketing and strategic investments in new ventures increased by almost 2.3 times during the quarter…
  • Air care to become a large and profitable business for GCPL in the next five years
    08 Feb 2023, retail.economictimes.indiatimes.com
    “​​Among the categories that we operate in where we are seeing significant improvement are air care and liquid detergents. For Godrej Aer, we are increasingly seeing people use sprays and air fresheners in cars. It will be a core category for us. Today it has become a mid-sized category for us but it has the potential to become one of our biggest categories soon.”…
  • Citykart appoints Ritesh Rathi as its president and COO
    08 Feb 2023, retail.economictimes.indiatimes.com
    Established in 2015, Citykart sells affordable fashion wear for men, women, kids, footwear, and accessories along with home furnishings, general merchandise, toys, and other utility items…
  • Demand woes for FMCG, retail: No signs of green shoots yet
    08 Feb 2023, retail.economictimes.indiatimes.com
    This slowdown in FMCG sales and overall consumption is in contrast to lifestyle and premium brands. Several large global consumer goods companies like Procter & Gamble, Mondelez, Diageo, Apple, H&M, Levi’s and Skechers said in recent earnings calls that their India business was resilient during the December quarter despite global macroeconomic headwinds such as inflation…
  • Kalyan Jewellers Q3 Results: Net profit rises 10% YoY to Rs 148 crore
    08 Feb 2023, retail.economictimes.indiatimes.com
    Kalyan Jewellers clocked a 13% increase in consolidated revenue at Rs 3,884 crore during the October-December 2022 period, which stood at Rs 3,435 crore in the year-ago period. Its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) were recorded at Rs 327 crore compared to Rs 299 crore in the same quarter of the previous year..
  • Online gifting retailer IGP joins hands with Unicommerce to manage its personalized orders
    08 Feb 2023, retail.economictimes.indiatimes.com
    With plans of expansion for the next 3 years, IGP has deployed Unicommerce’s order management and warehouse management solution to simplify its supply chain processes and streamline logistics by implementing a centralised technology system…
  • Phoenix Mills records 78% on-year rise in Q3 net profit at Rs 176.4 crore
    08 Feb 2023, retail.economictimes.indiatimes.com
    The company’s operating profit for the quarter rose 67% from a year ago to Rs 384.5 crore. Collection from retail operations in the December quarter stood at Rs 540.1 crore. Operating profit for the segment rose 67% to Rs 384.5 crore…
  • Key emerging fashion retail trends to watch in 2023 and beyond
    08 Feb 2023, retail.economictimes.indiatimes.com
    Among major trends, 2022 reinforced the fact that e-commerce and omnichannel are here to stay. For fashion brands to remain future-ready, customer-centricity, flexibility and augmenting retail-tech capabilities will be indispensable to prosper in the digitally-driven retail universe…
  • Cinepolis opens multiplex with 9 screens in Delhi
    08 Feb 2023, retail.economictimes.indiatimes.com
    With the new multiplex, the brand’s total screen count now stands at 436 screens with 97 multiplexes across India…
  • FMCG companies to go easy on price hikes
    08 Feb 2023, livemint.com
    As raw material prices cool off after nearly two years of staying elevated, packaged consumer goods makers may reduce the intensity of price hikes in the coming quarters, and even reduce prices in some cases…
  • Samsung to consider local manufacturing of laptops if business grows: Mincheol Lee, VP
    07 Feb 2023, retail.economictimes.indiatimes.com
    Samsung re-entered the laptop market in 2020 and expanded into 21 countries including India in 2021. The company is aiming to corner a “double digit” market share with the help of laptops targeted at students, enterprises and consumers seeking flagship experience…
  • After Rs 10,500 crore infusion, Ikea plans further investment in India
    08 Feb 2023, business-standard.com
    IKEA India has invested most of the Rs 10,500 crore it had set aside for the country and is currently working on a roadmap for the next phase of investments in the country…
  • Real estate sentiments takes a further knock: RICS study
    08 Feb 2023, constructionweekonline.in
    India and Singapore are the two markets showing optimistic results, according to a study by RICS Global Commercial Property Monitor. The Royal Institution of Chartered Surveyors (RICS) reports in its Global Commercial Property Monitor for Q4 2022 that sentiment towards real estate at a global level is slipping a little deeper into negative territory…
  • Cantabil Retail India standalone net profit rises 13.67% in the December 2022 quarter
    08 Feb 2023, business-standard.com
    Net profit of Cantabil Retail India rose 13.67% to Rs 26.95 crore in the quarter ended December 2022 as against Rs 23.71 crore during the previous quarter ended December 2021…
  • Clovia Expands its Offline Presence in Chandigarh
    08 Feb 2023, indianretailer.com
    Clovia has launched its 50th store at Elante Mall, Chandigarh, as part of its aggressive nationwide offline expansion plans. The store is located on the second floor at the mall and houses the complete range of Clovia’s lingerie, sleepwear, and activewear, as well as the Skivia range of personal care products from the House of Clovia…
  • Hershey India Expands Product Portfolio with HERSHEY’S Choco Tubes

    08 Feb 2023, indianretailer.com
    Hershey India Pvt. Ltd., a subsidiary of The Hershey Company, a leading global snacking and confectionery company, announced its first foray into the chocolatey coated-wafer market. The launch of HERSHEY’S Choco Tubes marks its entry into the Rs 2,000 crore coated-wafer biscuit chocolate segment in India…
  • Kalyan Jewellers Q3 Results: Recorded PAT of Rs 148 cr

    08 Feb 2023, indianretailer.com
    The Company recorded a consolidated revenue of Rs 3,884 crore for Q3 FY23 as against Rs 3,435 crore in the corresponding quarter of the previous year, a growth of 13 percent. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was recorded at Rs 327 crore as compared to Rs 299 crore in the same quarter of the previous year…
  • RR Decor Expands Product Portfolio with Wither and Taiga Collection

    08 Feb 2023, indianretailer.com
    RR Decor is known for its refined upholstery and designs. Their command over the latest trends, designs, and textiles is unmatched. Known for its innovative creativity and designs, RR Decor has launched its latest collection Wither and Taiga Collections…
  • Vummudi Bangaru Jewellers Unveils ‘The Peacock Saga’

    08 Feb 2023, indianretailer.com
    Vummidi Bangaru Jewellers has come up with an all-new imperial mesmerizing collection – The Peacock Saga –inspired by the majestic peacock. Every piece of jewelry in this collection brings to life the magnificent national bird in all its glory…
  • Iluvia Expands Product Portfolio, Unveils New Haircare Range
    08 Feb 2023, indianretailer.com
    iluvia has launched haircare ranges that are designed to give exacting results. With R&D playing an important role in product development, iluvia added two specialized ranges in its portfolio – Colour Lock Range and Repair Reviver Range…
  • DishiS Jewels Forays into Sterling Silver Jewelry Segment
    08 Feb 2023, indianretailer.com
    DishiS Jewel diversified its product line and entered the sterling silver jewelry segment recently. The renowned D2C brand introduced its first-ever sterling silver ring collection, featuring an array of contemporary designs inspired by elements of nature and mottled in various shades of exquisite colors…
  • Swiggy appoints Sahil Barua, Mallika Srinivasan, Shailesh Haribhakti as independent board directors
    07 Feb 2023, retail.economictimes.indiatimes.com
    “We’re very excited about bringing on Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua to Swiggy’s board of directors,” said CEO Sriharsha Majety…
  • Most FMCG categories will start seeing reversal of downtrading going towards Q4 and Q1: Saugata Gupta, Marico
    07 Feb 2023, retail.economictimes.indiatimes.com
    “Going forward, we expect the volume growth and also the earnings growth to improve simply because in terms of input costs, we are expecting the softening to continue year-on-year. We continue to deliver both sequential and year-on-year gross margin improvement. Therefore the trends will continue for a couple of quarters going into FY24.”…
  • Grasim inducts promoter Kumar Mangalam Birla’s next-generation members into its board
    07 Feb 2023, retail.economictimes.indiatimes.com
    Ananya Birla and Aryaman Vikram Birla, daughter and son of Chairman Kumar Mangalam Birla, come with “rich and varied experience” and the board believes that Grasim Industries “will benefit from their new-age insights and business acumen,” it added…
  • Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared
    07 Feb 2023, retail.economictimes.indiatimes.com
    The company’s revenue from operations grew by 27.7% YoY to Rs 2,214 crore in the December quarter of CY22. Meanwhile, the EBITDA increased by 48.1% to Rs 3,07.5 crore in Q4CY22 from Rs 207.6 crore in Q4CY21.Its sales volumes grew by 17.8% in the December quarter of the calendar year 2022 to 13.2 crore cases…
  • Procter & Gamble Q2 net profit dips 2 pc to Rs 207 crore
    07 Feb 2023, retail.economictimes.indiatimes.com
    Revenue from operations rose to Rs 1,137 crore in the period under review as against Rs 1,092 crore in the year-ago period, Procter & Gamble said in a statement…
  • Ustraa eyes Rs 130 crore revenue in FY23; expects to be profitable by this year’s end
    07 Feb 2023, retail.economictimes.indiatimes.com
    The brand also started expanding offline significantly in the last two years and presently has over 10,000 outlets across the country in traditional general trade as well as regional modern trade. Its offline business is mostly through salons and distributors. And it expects to reach 50,000 outlets by 2023…
  • Gizmore partners with Optiemus Electronics to manufacture smartwatches
    07 Feb 2023, retail.economictimes.indiatimes.com
    In terms of revenue, Gizmore is eyeing a 4 times growth from Rs 50 crore in the current fiscal year to Rs 200 crore in FY 2023-24. The brand aims to capture a 5 per cent market share…
  • International brands return to local apparel makers after four months
    07 Feb 2023, retail.economictimes.indiatimes.com
    “The apparel exporters are witnessing some movement in the US and Europe unlike the previous months. A clearer picture on order position will emerge in March and April,” said Narendra Goenka, MD of Texport Industries and chairman of Apparel Export Promotion Council…
  • Bharti Family Office firm to bring US-based food chain PF Chang’s to India
    07 Feb 2023, retail.economictimes.indiatimes.com
    Gourmet Investments currently operates about 16 restaurants of Pizza Express, Chili’s and Ministry of Crab and is in talks with prominent malls for a space for PF Chang’s. More than a dozen international F&B brands, including Pret A Manger, Tim Hortons and Popeyes, have entered India over the last few months…
  • Samsung sees record pre-orders for flagship devices
    07 Feb 2023, retail.economictimes.indiatimes.com
    “We have received almost 1,40,000 pre-books of the Galaxy S23 series within the first 24 hours of opening up pre-bookings,” Raju Pullan, senior vice president, Samsung India, said…
  • Taurus Investment planning mixed-use properties in India
    07 Feb 2023, economictimes.indiatimes.com
    US-based Taurus Investment Holdings is planning to develop retail-led, mixed-use properties in India, according to a top executive…
  • How technology is driving the future of retail
    07 Feb 2023, retail.economictimes.indiatimes.com
    Another triggering factor is the Open Network for Digital Commerce (ONDC), launched by the government of India. The pilot program will allow businesses of all sizes to join the digital commerce revolution. ONDC targets to raise e-commerce reach in the next two years to 25% of India’s consumer purchases, from 8% currently in a country of over 1.35 billion people…
  • Mother’s Recipe Expands Product Portfolio, Unveils “Exotic Sauces”
    07 Feb 2023, indianretailer.com
    Exotic sauces have been gaining momentum in the Indian market across the food service and retail segments. Understanding consumers’ increasing demand for Global Sauces in India, Mother’s Recipe, India’s leading food brand, has announced the launch of its new category of “Exotic Global Sauces” under the brand ‘Recipe’ – available in Red Chili, Green Chili, Garlic Chilli, Soya bean, Chilli Vinegar and Sriracha Sauce, starting at Rs 55 only…
  • How DaMENSCH is Revamping the Face of Sustainable Men’s Apparel in India
    07 Feb 2023, indianretailer.com
    In 2018, DaMENSCH — an apparel wear brand — began its journey with just three pairs of trunks and briefs in the men’s innerwear category. The founders had identified a huge gap in the men’s innerwear market and took it as an opportunity to provide innovative products, and sparking awareness in the Indian market about the need to focus on essential wear for men, a segment, which was mostly neglected…
  • Jimmy’s Collabs with Sleepy Owl, Unveils Espresso Martini Cocktail Mixer
    07 Feb 2023, indianretailer.com
    Radiohead Brands, makers of Jimmy’s, a leading non-alcoholic mixers company introduced Espresso Martini, a finely crafted cocktail mixer for coffee enthusiasts in collaboration with homegrown coffee brand Sleepy Owl…
  • RP Sanjiv Goenka Group to invest Rs 10,000 cr in Uttar Pradesh
    06 Feb 2023, retail.economictimes.indiatimes.com
    RP Sanjiv Goenka Group said it will invest Rs 10,000 crore in Uttar Pradesh. The announcement was made by group head Sanjiv Goenka during a meeting with Chief Minister Yogi Adityanath…
  • Nestle to hike food prices further in 2023, CEO says
    06 Feb 2023, retail.economictimes.indiatimes.com
    The increases will not be as steep as they were in 2022, but “we have some catching up to do over the full year,” Schneider was quoted as telling Frankfurter Allgemeine Zeitung in an interview due for publication on Sunday…
  • Emami sees 200-300 basis point margin growth Y-o-Y in March quarter despite ‘muted’ demand
    06 Feb 2023, retail.economictimes.indiatimes.com
    “In the January-March period of the current fiscal, Ebitda (Earnings before interest, taxes, depreciation, and amortization) is expected to be 24-25 per cent, which will be an improvement of 200-300 basis points over the same period last year.”…
  • Paytm Q3 consolidated loss narrows to Rs 392 crore
    06 Feb 2023, retail.economictimes.indiatimes.com
    Paytm reported a positive EBITDA before ESOP cost (earnings before interest, taxes, depreciation, amortisation and employee stock option costs) of Rs 31 crore. This metric was negative Rs 393 crore in December quarter last year…
  • World Gold Council: Indian gold market evolving, demand for lightweight, studded jewellery grows
    06 Feb 2023, retail.economictimes.indiatimes.com
    “India is a strong pillar of support for the global gold markets as the second-largest consumer of gold jewellery. While weddings and festivals act as important drivers of jewellery demand, our rich cultural heritage and historic status as a major global force in world commerce underpin this strong socio-economic relationship with gold,” said Somasundaram PR, Regional CEO, India, World Gold Council…
  • Shell Café debuts in India; opens sit-down restaurant in Bengaluru
    06 Feb 2023, retail.economictimes.indiatimes.com
    Oil and gas giant Shell inaugurated the country’s first Shell Café, a global programme through which the company offers its own brand of fast food and coffee, at one of its retail stations in Bengaluru…
  • Gizmore eyes Rs 200 crore business from smartwatches next fiscal
    06 Feb 2023, retail.economictimes.indiatimes.com
    ‘Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth’..
  • Delhi gets 27 new electric vehicle charging stations
    06 Feb 2023, retail.economictimes.indiatimes.com
    An electric vehicle charging station is an equipment that connects an electric vehicle to a source of electricity to recharge electric cars, neighbourhood electric vehicles and plug-in hybrids…
  • Women’s movewear brand Blissclub goes offline with new EBOs in Mumbai & Bengaluru
    06 Feb 2023, retail.economictimes.indiatimes.com
    Offline retail is the next big bet and growth lever for Blissclub in 2023, with the brand having plans to open close to 20 offline stores across India…
  • ‘Will roll out e-RUPI to 17,000 stores soon’
    06 Feb 2023, retail.economictimes.indiatimes.com
    Reliance Retail has begun accepting digital rupee in its stores, giving the RBI’ digital currency project a major boost. It is anticipated that Reliance Retail will soon roll out the digital rupee in all of its stores…
  • Floor Plan. Jaipur Rugs: Untangling the knots for retail success
    04 Feb 2023, retail.economictimes.indiatimes.com
    Looms & Weaves: How the export-focussed carpet maker cracked the domestic market through emotional branding and creative storytelling…
  • Oberoi Realty acquires eight acres land in Thane for Rs 192.31 crore
    04 Feb 2023, retail.economictimes.indiatimes.com
    This land purchased from Blue Star are adjoining the existing lands owned by Oberoi Realty admeasuring approximately 60 acres…
  • Investment in India ecommerce will bear fruit in long run: Amazon CEO Andy Jassy
    04 Feb 2023, retail.economictimes.indiatimes.com
    Online retailer posts 8% lower sales, wider loss outside North America in Q4…
  • ITC Q3 net profit rises 23% at Rs 5,070.09 cr; FMCG segment revenue grew by 16.9% at Rs 12,934.67 cr
    04 Feb 2023, retail.economictimes.indiatimes.com
    Its revenue from operations in FMCG category also jumped 16.9 per cent to Rs 12,934.67 crore in Q3 FY23 as against Rs 11,058.26 crore in the corresponding quarter last fiscal…
  • ‘E-com platforms must handle small sellers’ tax’
    04 Feb 2023, livemint.com
    E -commerce platforms will have to report the sales details of small businesses, and take the onus of their tax payments, or face a penalty, Central Board of Indirect Taxes and Customs (CBIC) member, and special secretary to the central government, V. Rama Mathew, said…
  • Marico Q3 FY23 net profit rises 5% to Rs 333 crore, revenue up 2.6% to Rs 2,470 crore
    04 Feb 2023, retail.economictimes.indiatimes.com
    Its revenue from operations was at Rs 2,470 crore, up 2.61 per cent during the quarter under review, as against Rs 2,407 crore a year ago…
  • Emami net profit rises 6% at Rs 232.97 crore in Q3 FY23
    04 Feb 2023, retail.economictimes.indiatimes.com
    In the given macroeconomic context, its revenue from operations slightly increased to Rs 982.72 crore in Q3 FY23 as against Rs 971.06 crore in the same period last fiscal…
  • Consumer durables and appliances sector expects economic revival at an accelerated rate
    04 Feb 2023, retail.economictimes.indiatimes.com
    Consumer durables and appliances companies expect Budget 2023 will provide an impetus for growth across sectors that will help the economy revive at an accelerated rate. It is expected that the development of urban infrastructure in tier 2 and 3 cities will increase the demand for infrastructure projects, consumer appliances, and HVAC systems…
  • Amazon beats Q4 revenue estimates, but profits slump
    04 Feb 2023, retail.economictimes.indiatimes.com
    Amazon said it earned $300 million, or 3 cents per share, in the October-December quarter. Industry analysts were expecting the Seattle-based company to earn 17 cents a share, according to FactSet…
  • Customs duty review will continue: Sanjay Malhotra
    04 Feb 2023, livemint.com
    The government will continue to review customs duty rates with the twin aims of promoting local manufacturing and exports, revenue secretary Sanjay Malhotra said in an interview…
  • 2023 Union Budget of India: A progressive plan to fuel the economy’s growth
    04 Feb 2023, retail.economictimes.indiatimes.com
    The Indian economy has received a much-needed boost with the announcement of the Union Budget for 2023-2024, which has been widely praised for its progressive plan aimed at boosting the country’s economy. To promote economic development and stability, the government has focused on the key drivers of growth, such as agriculture, start-ups, micro, small, and medium-sized enterprises (MSMEs), fintech, and digital infrastructure…
  • Retail Budget 2023: Sutlej Textile’s President on Budget for textile sector
    04 Feb 2023, retail.economictimes.indiatimes.com
    Sutlej Textile’s President Updeep Singh Chatrath shares his analysis of Union Budget 2023 for textile sector…
  • Ethos Q3 profit rises over 60% to Rs 20 crore
    04 Feb 2023, retail.economictimes.indiatimes.com
    Its revenue grew 17.6 per cent year-on-year to Rs 229.7 crore, while the company’s EBITDA (Earnings Before Interest, Taxes and Amortisation) stood at Rs 39.5 crore during the quarter under review…
  • Beverages to cheese, companies ramp up capacity
    04 Feb 2023, livemint.com
    Fast-moving consumer goods makers Britannia Industries Ltd and Dabur India Ltd, are adding more food and beverage brands to their portfolio and ramping up capacity…
  • Hershey forecasts full-year sales above estimates on resolute demand
    04 Feb 2023, retail.economictimes.indiatimes.com
    Hershey, like Cadbury chocolate maker Mondelez International Inc, has seen little pushback to a cost-inflation induced increase in prices in the United States, as consumers remain willing to pay more for their favorite candy brands instead of trading down to cheaper alternatives…
  • How Cantabil is Strengthening its Digital Strategy
    04 Feb 2023, indianretailer.com
    The whole retail sector has undergone a revolution since the outbreak; a change that has given consumers more power and enabled businesses to enter new segments. Since consumers’ behavior has also shifted, e-commerce has been crucial in bringing about this transition. In tandem with this shift, Cantabil Retail is investing in the digital module to keep up with the pace of digitization and also providing its customers with a cutting-edge shopping experience…
  • Cosmopolitan look with rural flavour
    04 Feb 2023, bangaloremirror.indiatimes.com
    Kanakapura Road is one of the preferred options for those planning to buy properties in Bengaluru. Even though it is a little away from the heart of the city in South Bengaluru, mega infrastructure projects like the metro and Satellite Ring Road (STRR) have made the area a realty paradise. There are a number of prestigious…
  • Blissclub Forays into Offline Space, Opens 2 EBOs in Mumbai and Bengaluru

    04 Feb 2023, indianretailer.com
    Blissclub has opened a new premium exclusive brand store at Infinity Mall, Malad, Mumbai, and HSR Layout, Sector 6, Bangalore. The move marks the D2C company’s major entry into the offline retail space, after seeing immense success with its e-commerce business, hitting a Rs 100 crore ARR in less than 2 years since its founding…
  • Retail Technology: 5 Key Trends for 2023
    04 Feb 2023, indianretailer.com
    Retail technology encompasses innovation and digitalization in physical retail and e-commerce, from checkout to inventory management, order fulfillment, and in-store service. The use of retail technology plays an essential role in enhancing the consumer experience…
  • Panasonic Life Solutions Expands Water Heater Portfolio
    04 Feb 2023, indianretailer.com
    Panasonic Life Solutions India (PLSIND) has launched its new IOT-enabled Duro Smart and Prime range of water heaters. This remarkable series is not only designed for exquisite bathroom styles but also has smart functionalities…
  • Hogar Controls and Super Surfaces Expands Offline Presence in Chennai

    04 Feb 2023, indianretailer.com
    Hogar Controls has launched its first-of-its-kind experience center at Build HQ, Egmore, Chennai. Build HQ is India’s biggest building material and interior design superstore spanning an area of over 1 Lakh Square Feet and housing 70+ luxury brands under one roof…
  • Yashika Luthra Expands Offline Presence in Delhi
    04 Feb 2023, indianretailer.com
    Luxury furniture designer Yashika Luthra launched her flagship store “Yashika Luthra Designs” in New Delhi on 29th January 2023 at Sultanpur, MG Road, New Delhi…
  • Apple CEO Cook says company grew “very strong double digits” in India
    03 Feb 2023, retail.economictimes.indiatimes.com
    There has been a surge in sales of premium smartphones in India since the pandemic with mass segment consumers postponing purchases due to income constraints during the peak of Covid and record high inflation last year. As per industry executives, Apple has gained a larger share of wallet in the country for this…
  • Dabur Q3 net profit falls 5.5 pc to Rs 476.55 cr
    03 Feb 2023, retail.economictimes.indiatimes.com
    Homegrown FMCG major Dabur India Ltd on Thursday reported a decline of 5.51 per cent in its consolidated net profit to Rs 476.55 crore for the third quarter ended December 2022. The company had posted a net profit of Rs 504…
  • Reliance Retail begins accepting govt’s digital rupee for sales
    03 Feb 2023, retail.economictimes.indiatimes.com
    Reliance Retail launched the first in-store acceptance of the RBI-created and Blockchain-based Central Bank Digital Currency (CBDC) at its gourmet food store Freshpik here. The CBDC is the a digital version of fiat money that will co-exist will hard cash…
  • How FMCG industry reacted to Union Budget 2023
    03 Feb 2023, retail.economictimes.indiatimes.com
    In the Budget, FM announced a 33 per cent increase in capital investment outlay to Rs 10 lakh crore focused on infrastructure growth and development. Commenting on the CAPEX announcement, Angshu Mallick, MD & CEO, Adani Wilmar said that the move will stimulate consumption, generate opportunities both in rural and urban employment and boost local production…
  • FMCG consumption continues to decline with negative volume growth in Dec quarter: Report
    02 Feb 2023, retail.economictimes.indiatimes.com
    The country’s fast-moving consumer goods (FMCG) industry witnessed a consumption slowdown in the December quarter, with an overall “negative” volume growth, as consumers continue to reel under inflationary pressure, says a report…
  • Tata Consumer’s net profit rises 28% at Rs 369 crore in Q3 FY23
    03 Feb 2023, retail.economictimes.indiatimes.com
    Tata Consumer Products’ total revenue from operations stood at Rs 3,474.55 crore for Q3 FY 23 as compared to Rs 3,208.38 crore in the same quarter last year with 8.2 per cent year-on-year growth…
  • Titan Q3 Results: Net profit falls 4% YoY to Rs 951 cr, misses estimates
    03 Feb 2023, retail.economictimes.indiatimes.com
    Sales during the quarter rose 11% to Rs 10,444 crore, compared with Rs 9,381 crore in the same quarter last year…
  • Govt hikes import duty on toys to 70%
    03 Feb 2023, retail.economictimes.indiatimes.com
    Toys worth Rs 2,960 crore were imported into India earlier but steps by the government helped in reducing the imports to Rs 870 crore in 2021-22. On the other hand, the exports of toys have increased by 61 per cent from Rs 1,612 crore to Rs 2,601 crore in 2021-22. Earlier, the government issued Toys (Quality Control) Order, 2020 in February 2020…
  • Govt e-marketplace GeM achieves ₹ 1.5 lakh crore GMV in FY23 alone
    03 Feb 2023, livemint.com
    Government e-Marketplace (GeM), an online platform for public procurement in India, has achieved a staggering ₹1.5 lakh crore of gross merchandise value (GMV) in the financial year 2022-23 (FY23) alone…
  • Budget 2023 brings ‘Amrit Kaal’ for Indian economy: Arvind Mediratta, MD & CEO, Metro Cash and Carry India
    03 Feb 2023, retail.economictimes.indiatimes.com
    Rating the Union Budget 2023, Mediratta said it’s a 9/10… maybe 10/10…
  • Clicks-to-Bricks: BlissClub to open 20 stores in 2023
    03 Feb 2023, retail.economictimes.indiatimes.com
    The average store size of the brand is around 400-500 sq.ft. where apart from selling its merchandise, it is planning to use it as a community-building platform by engaging consumers in various activities…
  • FMCG sector slows down in Dec quarter, says NielsenIQ
    03 Feb 2023, retail.economictimes.indiatimes.com
    The FMCG sector grew 7.6% in the October-December quarter, down from 9.2% in the previous July-September ’22 quarter, as compared to the corresponding year-ago period when the sector had grown 9.6%…
  • Berger Paints Q3 FY23 net profit falls 20.48% at Rs 201.17 crore
    03 Feb 2023, retail.economictimes.indiatimes.com
    Real estate industry received some push from the Union Budget 2023. Finance minister Nirmala Sitharaman announced some key initiatives and schemes in the budget that are expected to benefit real estate industry. Take a look!…
  • Bajaj Electrical Q3 profit rises 27 pc to Rs 61 crore; revenue up 12.4 pc to Rs 1,484.5 crore
    03 Feb 2023, retail.economictimes.indiatimes.com
    Bajaj Electricals Ltd on Thursday reported an increase of 26.88 per cent in its consolidated net profit to Rs 61.12 crore in the third quarter ended December 31, 2022, helped by growth in the consumer product segment. The company had posted a net profit of Rs 48…
  • V-Guard’s consolidated PAT down at ₹39.29 crore in Q3
    03 Feb 2023, thehindubusinessline.com
    The consolidated profit after tax of V-Guard Industries Ltd was down at ₹39.29 crore in the third quarter of the current fiscal against ₹53.92 crore in the corresponding period of the previous fiscal…
  • Retail therapy push with more cash in hand
    03 Feb 2023, retail.economictimes.indiatimes.com
    “Entry-level, mass market products in categories such as ACs, washing machines, refrigerators and TVs will get a huge boost. Currently, growth in these categories has been lower, and the overall volumes still lag the numbers that were achieved in the pre-pandemic financial year 2019-20,” Godrej Appliances’s business head Kamal Nandi said…
  • Wrogn becomes Bengaluru Torpedoes’ lifestyle and merchandise partner
    03 Feb 2023, apparelresources.com
    Indian clothing brand Wrogn has partnered with Bengaluru Torpedoes, a team in the premier volleyball league (PVL), for the 2023 season. Additionally, it is the team’s official lifestyle and merchandise partner. The team revealed its collaboration with a reel post on its Instagram handle, unveiling its primary kit for the PVL 2023…
  • What real estate industry gained from Budget 2023
    02 Feb 2023, realty.economictimes.indiatimes.com
    Real estate industry received some push from the Union Budget 2023. Finance minister Nirmala Sitharaman announced some key initiatives and schemes in the budget that are expected to benefit real estate industry. Take a look!…
  • Real Estate Budget 2023: Double non-taxation on REITs finally addressed
    02 Feb 2023, realty.economictimes.indiatimes.com
    From April 1, 2024 all distribution by a REIT/InvIT representing repayment of debt is taxable as “other income” in the hands of the unit holders…
  • Retail Budget 2023: Jewellery industry shares mix reactions
    02 Feb 2023, retail.economictimes.indiatimes.com
    While applauding a well-balanced Budget, All India Gem and Jewellery Domestic Council (GJC) in a statement said, “..the Gems & Jewellery Industry’s critical concerns are not addressed in the Union Budget 2023-24.”..
  • Retail Budget 2023: FMCG companies support government’s step to make India a global millets hub
    02 Feb 2023, retail.economictimes.indiatimes.com
    In today’s budget, the government has announced turning the Indian Institute of Millet Research- Hyderabad into a centre of excellence to foster innovation that will help brands like Slurrpfarm in enabling adoption and achieving India’s millet dreams…
  • “Budget 2023 scores on all accounts for sectoral growth”
    02 Feb 2023, retail.economictimes.indiatimes.com
    Retail Budget 2023: “Union Budget 2023 scores on all accounts from a sector perspective,” PwC’s Ravi Kapoor shares his reaction…
  • Budget to fuel consumption; positive specially for mid-income consumers across 2 and 3 tier markets
    02 Feb 2023, retail.economictimes.indiatimes.com
    “The budget will push and revive demand growth in both urban and rural markets that will in turn drive the Indian economy,” said Kalpesh Parmar, country general manager at confectionery maker Mars Wrigley…
  • Union Budget 2023: MSME sector lauds revamped credit guarantee scheme, hails measures to revive the fund-starved sector
    02 Feb 2023, retail.economictimes.indiatimes.com
    Industry players say the budget has various measures to address the problems of small businesses…
  • Britannia Industries Q3 net profit rises two-fold to Rs 932.4 crore
    02 Feb 2023, retail.economictimes.indiatimes.com
    Bakery food company Britannia Industries Ltd on Wednesday reported a two-fold jump in consolidated net profit at Rs 932.40 crore for the third quarter ended December, helped by a gain from the sale of a stake in a subsidiary. The company had posted a net profit of Rs 369…
  • Gillette India profit rises 6% on strong demand for grooming products
    02 Feb 2023, retail.economictimes.indiatimes.com
    Makers of fast-moving consumer goods, including P&G and Unilever, have been raising prices of their products in a bid to cushion the impact of surging inflation and increasing supply-chain costs…
  • Reliance Retail planning foray into value apparel space
    01 Feb 2023, retail.economictimes.indiatimes.com
    Experts said India’s consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding…
  • Jubilant Food Q3 Results: Domino’s Pizza franchisee’s profit slumps on higher expenses
    02 Feb 2023, retail.economictimes.indiatimes.com
    Jubilant has been expanding aggressively over the last few quarters to smaller towns and cities in the country, which further weighed on its profit margins. The company, which also has franchise rights for Popeyes outlets in the subcontinent, opened 64 stores in India during the quarter, entering 16 new cities…
  • DLF Malls launches ‘My Kind of India’ song on Republic Day to celebrate the spirit of new India
    02 Feb 2023, prnewswire.com
    On the auspicious occasion of Republic Day, DLF Malls launched an original soundtrack, ‘My Kind of India’, which is a reflection of the beautiful, inclusive and bold spirit of the new India. This song was a tribute to all the people of the nation who are the true colours of new India. The musical track is a result of hardworking and brilliant artists working together to show the culture of fearless, progressive, curious and compassionate new India in a true masterpiece…
  • House of Pataudi Expands Presence in Telangana
    02 Feb 2023, indianretailer.com
    House of Pataudi, a lifestyle brand for men and women, has entered Telangana with the opening of a new outlet at Sarath City Capital Mall, HITEC City in Kondapur…
  • ‘Unity mall’ in every state capital: What the Budget says
    02 Feb 2023, indianexpress.com
    Unity malls will promote regional products, GI products and other handicraft products…
  • SaladO – The Biggest Salad Brand In India To Come Up With Kiosks Pan India This February
    02 Feb 2023, ahmedabadmirror.com
    SaladO, the biggest salad brand in India, after expanding its franchise network to 180+ cloud kitchens, is now coming up with its kiosk model plan…
  • Kimirica Opens New Flagship Store in Indore
    02 Feb 2023, indianretailer.com
    Kimirica, an Indore-based self-care brand, has strengthened its retail presence with the addition of a flagship store at Phoenix Citadel, Indore…
  • Barry M Enters India, Launches on Myntra
    02 Feb 2023, indianretailer.com
    Barry M, UK’s leading color cosmetics brand, best known for its pioneering innovations with color, shades, formulations, and textures, has forayed into India, via its association with Myntra and Progressive Lifestyles, giving Indian beauty enthusiasts access to the brand’s on-trend, high-quality, and vegan cosmetic range…
  • RCPL Partners with Biscuit Brand Maliban
    02 Feb 2023, indianretailer.com
    Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), has announced a strategic partnership with Sri Lanka-headquartered Maliban Biscuit Manufactories (Private) Limited (Maliban)…
  • CaratLane Expands Offline Presence, Opens 182nd Store in West Bengal
    02 Feb 2023, indianretailer.com
    Omnichannel jewelry chain CaratLane has opened its 182nd store at Avani Riverside Mall in Howrah, West Bengal. On the other hand, it recently opened its 180th store recently at Ghodbunder Road Thane followed by its 181st store at R City Mall, Mumbai…
  • Bella Vita Organic Forays into Offline Market, Opens Kiosk in Delhi
    01 Feb 2023, retail.economictimes.indiatimes.com
    Bella Vita Organic, a leading natural beauty, and skincare brand, is further expanding its presence offline. Available in an assorted range of its handcrafted and luxurious products, this will be an addition to its kiosk arrangements in Delhi and NCR. Being configured at Gaur City, Noida, and Pacific Mall, Tagore Gardens, the brand is committed to its initiative of an offline expansion into the retail market…
  • Reliance Retail planning foray into value apparel space
    01 Feb 2023, retail.economictimes.indiatimes.com
    Experts said India’s consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding…
  • Food giant Wilmar vows to stand by venture with Adani Group
    01 Feb 2023, retail.economictimes.indiatimes.com
    The sprawling Adani Group, controlled by tycoon Gautam Adani, has been rocked to its core in recent days after Hindenburg Research accused the conglomerate of widespread corporate malfeasance, including market manipulation and accounting fraud. In a bitter showdown that’s riveted investors worldwide, the allegations have prompted steep falls in the companies’ share prices despite a lengthy rebuttal from Adani Group…
  • Godrej Consumer Products Q3 profit rises 3.55 per cent to Rs 546.34 crore
    31 Jan 2023, retail.economictimes.indiatimes.com
    Godrej Consumer Products Ltd on Tuesday reported a 3.55 per cent rise in consolidated profit after tax at Rs 546.34 crore in the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax of Rs 527…
  • Reliance to bring Sri Lanka’s Maliban biscuit into India
    01 Feb 2023, retail.economictimes.indiatimes.com
    The latest move will pitch Reliance directly with Britannia, Parle and ITC that together control over 80% of India’s biscuit segment. RCPL, the fast moving consumer goods arm of Reliance Industries, said the alliance is part of its aim to bring a bouquet of domestic and globally recognised consumer brands…
  • Amazon India announces 50% waiver of referral fee for new sellers
    01 Feb 2023, retail.economictimes.indiatimes.com
    Referral fee is paid by sellers to Amazon for facilitating sales on the online marketplace. The waiver will be applicable for a period of 60 days for new sellers registering on the platform between January 15 to April 14, 2023…
  • India’s P&G Hygiene and Health Care posts dip in Q2 profit as costs jump
    01 Feb 2023, retail.economictimes.indiatimes.com
    Demand for health and hygiene goods has slowed from COVID lockdown-highs, while customers are also snubbing big brands for cheaper consumer goods in the face of high living costs, Dalal Street analysts have said…
  • FSSAI rules on incorporating millets as nutritional menu in canteens soon
    01 Feb 2023, business-standard.com
    “Let us have a ‘Healthy Food Street or Food Hub’ in every town and district where millet-based recipes are available along with hygienic amenities,” Mandaviya said…
  • Use of Image Recognition AI will be the game changer for FMCG sales in 2023, says Anand Prabhu Subramanian, CEO Infilect Inc.
    01 Feb 2023, retail.economictimes.indiatimes.com
    FMCG leaders must consider implementing Image Recognition AI if they wish to tap into the tremendous growth opportunities in physical stores. ~ Brand Connect Initiative ~…
  • E-commerce investments along with robust execution frameworks could help India fast track its growth journey
    01 Feb 2023, retail.economictimes.indiatimes.com
    The Government should look at continuing focus on open network for digital commerce. This will ensure a level-playing field for startups and new businesses, giving them access and options for an enhanced customer reach. India’s digital infrastructure will undergo yet again a major transformation as ONDC will be the next UPI, expecting to grow exponentially and offering faster, simpler transactions…
  • 6.8% inflation not too high to deter private consumption, or weaken inducement to invest: Survey
    01 Feb 2023, retail.economictimes.indiatimes.com
    The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman. The survey details the state of economy in the current fiscal, while giving a sneak peek into the future…
  • Clothes and footwear ‘major’ contributors to inflation in FY23
    01 Feb 2023, livemint.com
    Prices of clothes and footwear have risen consistently over the last three years with average annual retail inflation at 9.7% in FY23, according to the Economic Survey released Tuesday…
  • Britannia’s Q3 revenues may rise up to 20% YoY on higher volumes: Analysts
    01 Feb 2023, business-standard.com
    Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period…
  • Rage Coffee partners with QSR chain 99 Pancakes
    01 Feb 2023, retail.economictimes.indiatimes.com
    With this association, the coffee brand​ will introduce two new flavours- Irish Hazelnut and French Vanilla, to the menu. ​This new curated menu for both the brands will be served at all the 40 outlets of 99 Pancakes across India, according to a statement…
  • Blue Star Q3 net profit rises to Rs 58.41 crore
    01 Feb 2023, retail.economictimes.indiatimes.com
    Consolidated revenue from operations during the quarter under review stood at Rs 1,788.2 crore as against Rs 1,506.22 crore in the year-ago period, it added…
  • WK Life London Expands Presence in Raipur
    01 Feb 2023, indianretailer.com
    WK Life, a London-based lifestyle brand, has marked its debut in the Raipur city of Chhattisgarh state, making it central India’s first store of its kind…
  • Samsung Expands Presence in North India
    01 Feb 2023, indianretailer.com
    Electronics brand Samsung India has inaugurated its largest premium experience store spread over two floors across 3,500 sq. ft in North India at Connaught Place in Delhi. The new store showcases the brand’s complete product ecosystem through different zones such as connected living, smartphones, audio, gaming, lifestyle screens, wearables, and its multi-device connectivity with SmartThings…
  • SaladO – The biggest salad brand in India to come up with Kiosks Pan India this February
    01 Feb 2023, theprint.in
    Mumbai (Maharashtra) [India], January 31 (ANI/PNN): SaladO, the biggest salad brand in India, after expanding its franchise network to 180+ cloud kitchens, is now coming up with its kiosk model plan…
  • Welspun India enters into partnership with Disney for EMEA region
    01 Feb 2023, apparelresources.com
    Home textile company Welspun India has entered into a brand licensing agreement with The Walt Disney Company for the Europe, Middle East and Africa (EMEA) region…
  • Amazon India Unveils Amazon Air
    31 Jan 2023, indianretailer.com
    Amazon India has launched Amazon Air in the country to further enhance its transportation network and enable faster deliveries to customers…
  • Manu Jain exits Xiaomi Group
    31 Jan 2023, retail.economictimes.indiatimes.com
    “After nine years, I am moving on from the Xiaomi Group. I feel confident that now is the right time, as we have strong leadership teams across the world,” Jain wrote announcing his exit…
  • Retail Budget wishlist: Demand generation, revised tax regimes and manufacturing boost
    31 Jan 2023, retail.economictimes.indiatimes.com
    Industry leaders shared that they expect the Budget to be growth-oriented and focus on driving demand and consumption, leading the revival of rural economy, and putting more money in the hands of people with beneficial tax regimes. Additionally, it should give a boost to manufacturing and further bring ease of doing business in the industry. ..
  • ABFRL inducts Ananya Birla and Aryaman Vikram Birla as Directors
    31 Jan 2023, retail.economictimes.indiatimes.com
    Commenting on their appointment, Kumar Mangalam Birla, Chairman Aditya Birla Group said, “Ananya and Aryaman’s exceptional individual achievements in their chosen fields and early success with their independent entrepreneurial ventures set them up well for larger responsibilities.”…
  • What FMEG industry expects from Union Budget 2023?
    31 Jan 2023, retail.economictimes.indiatimes.com
    Amid high expectations from the budget 2023, Rakesh Khanna, MD and CEO of Orient Electric said, “As far as the consumer durables industry is concerned, an increase in personal tax exemptions and revision in income tax slabs would be a welcome move, as this will put more disposable income in the hands of taxpayers thus giving a fillip to the demand.”…
  • Bikaji Foods PAT jumps three times at Rs 31.7 crore in Q3 FY23
    31 Jan 2023, retail.economictimes.indiatimes.com
    The company’s total revenue from operations stood at Rs 507.67 crore for Q3 FY 23 as compared to Rs 438.97 crore in the same quarter last year with 15.8 per cent year-on-year growth…
  • As Zomato restarts Gold, NRAI advises restaurants to step up own loyalty programmes
    31 Jan 2023, retail.economictimes.indiatimes.com
    Restaurant industry body National Restaurants Association of India (NRAI) is sending advisories to restaurants to step up their own loyalty programmes on discounts through other apps, while many large companies said they are not on Gold…
  • The retail industry needs a big booster dose to reach its full potential
    31 Jan 2023, retail.economictimes.indiatimes.com
    Consumers in the 21st century desire a highly personalised experience warranting the need for a seamless in-store and online experience. Retailers are proactively responding to these consumer demands by rethinking their strategies to make their businesses more agile. An increased number of kirana stores are switching to online/app-based mediums and automating their inventory management processes. In line with these developments, the government should also aim to reinforce policies aiming to accelerate the digital infrastructure to create a conducive environment for the steady adoption of technology by small retailers…
  • Welspun India Q3 net profit declines 66.55 per cent to Rs 43.83 crore
    31 Jan 2023, retail.economictimes.indiatimes.com
    Consolidated total income during the quarter under review stood at Rs 1,904.05 crore as against Rs 2,437.92 crore in the year-ago period, it added…
  • Unilever names Dutch dairy boss Hein Schumacher as new CEO
    31 Jan 2023, retail.economictimes.indiatimes.com
    Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina. The London-based company in September said that CEO Jope planned to retire at the end of 2023. Schumacher, who was formerly at Royal Ahold NV, also worked for H.J. Heinz for a decade across the U.S., Europe and Asia…
  • ITC sets up integrated food manufacturing & logistics facility in Telangana’s Medak at Rs 450 crore investment
    31 Jan 2023, retail.economictimes.indiatimes.com
    FMCG giant ITC Ltd has set up an integrated food manufacturing and logistics facility at an investment of Rs 450 crore at Medak district in the state…
  • Inox posts net loss of Rs 40 cr in Q3
    31 Jan 2023, retail.economictimes.indiatimes.com
    During the quarter, Inox received footfalls of 15.3 million people which translated to an occupancy rate of 23% on the back of blockbuster films like Avatar: The Way of Water, Kantara, Ponniyin Selvan: Part 1 and Drishyam 2…
  • Union Budget provisions that boost consumer confidence and encourage discretionary spends will revitalize FMCG sector growth
    31 Jan 2023, retail.economictimes.indiatimes.com
    FMCG companies are grappling with the dilemma of what kind of growth to target – volume or value – amidst the persistently high inflation. Achieving a balance between volume growth (driven by disposable incomes and consumer sentiment) and profitability (driven by input costs) will be the core focus of the year…
  • Period care brand Lemme Be expects to become profitable in Q2 FY23
    31 Jan 2023, retail.economictimes.indiatimes.com
    The brand is now looking to clock an annual revenue run rate (ARR) of Rs 360 million by the end of this fiscal year with 7 times growth from March 2022 ARR…
  • Linc expects to maintain 20-25 per cent growth this fiscal
    31 Jan 2023, thehindubusinessline.com
    Kolkata, Jan 29 Linc Ltd, formerly Linc Pen & Plastics, which has registered nearly 20 per cent growth in turnover so far this fiscal, is expecting the growth momentum to continue backed by a steady demand both from domestic and international markets. The growth in turnover would also come on the back of increased sale of its “more premium” range of pens under the Pentonic brand…
  • Hyd turning into a fastest growing metro India has not seen in its entire history
    31 Jan 2023, bizzbuzz.news
    Kalisetti PB Naidu, the Founder & CEO of Hyderabad-based Yards & Feet Property Consultants, wears many hats. An expert in the real estate segment with an experience of more than two decades, he has handled retail commercial space deals totaling 1.7 million sft including malls and high street retail…
  • Mumbai clocks 3rd highest demand in rent for high streets, following Bengaluru & Delhi
    31 Jan 2023, freepressjournal.in
    Connaught Place in Delhi enjoyed demand from the likes of Samsung and Japanese retailer Uniqlo, who have opened flagship stores there…
  • Nutrabay Enters into Offline Retail Market, Aims to Expand Across North India
    30 Jan 2023, indianretailer.com
    Nutrabay has announced its entry into offline retail markets with a plan to target up to 300 supplement stores. The premium nutrition supplements brand is initially targeting the northern India region that includes Jammu and Kashmir, Punjab, Haryana, Uttar Pradesh, and Uttarakhand…
  • CK Jaipuria Group enters into franchise deal with Adidas India
    31 Jan 2023, economictimes.indiatimes.com
    CK Jaipuria Family Office has signed a retail franchise deal with Adidas India to set up retail stores of the global sportswear company across India…
  • Van Heusen Enters Metaverse
    31 Jan 2023, indianretailer.com
    Van Heusen, India’s leading power dressing brand from Aditya Birla Fashion and Retail Ltd (ABFRL), enters the Metaverse as it sets sail on a fantastical journey with a virtual musical concert in association with Indian pop band ‘When Chai Met Toast’…
  • Vedant Fashions’ Q3 Results: Net Profit Up 17.6 pc
    31 Jan 2023, indianretailer.com
    Vedant Fashions, which owns the ethnic wear brand Manyavar, has recorded a 17.6 percent rise in consolidated net profit at Rs 150.35 crore in the third quarter (Q3) ended December 31 of the current fiscal 2022-23 as against the profit of Rs 127.80 crore in the same period of the previous fiscal 2021-22…
  • Lemme Be Aims to be Profitable By Q2 of FY23
    31 Jan 2023, indianretailer.com
    Lemme Be, a new-age period care brand launched in 2020 is all set to turn EBITDA (earnings before interest, taxes, depreciation, and amortization) positive in Q2 FY 2023. One of the first brands in the menstrual wellness space to not only reach this milestone in the shortest period but also achieve this with the smallest capital raise…
  • Croma Expands Presence in Chennai, Opens 300th Store
    31 Jan 2023, indianretailer.com
    Croma, the Omni-channel electronics retailer from the Tata Group, launched its branch showroom in Sholinganallur, Chennai which is its 300th retail outlet in the country and 19th. in the state. Croma launched around 100 new stores this year and plans rapid expansion in the next FY…
  • Here are the Red Flags that Destined Zilingo for Liquidation
    31 Jan 2023, indianretailer.com
    Once a role model for the Asian unicorn and Indian startup scene, Singapore-based B2B fashion start-up Zilingo is undergoing liquidation process, helmed by provisional liquidator EY Corporate Services PSE, and supervised by its creditors Varde Partners and Indies Capital Partners. Mounting disconnect and disagreement between co-founders Ankiti Bose and Dhruv Kapoor are just one of the many aspects that investigative authorities continue to excavate…
  • RIL expands Netmeds offline, launches stores
    30 Jan 2023, retail.economictimes.indiatimes.com
    Interestingly, the move comes on the heels of discount supermarket chain Dmart announcing plans to set up pharmacies within its stores…
  • Amazon axes free grocery delivery on Prime orders under $150
    30 Jan 2023, retail.economictimes.indiatimes.com
    Customers who get their groceries delivered from Amazon Fresh — and pay less than $150 – will be charged between $3.95 and $9.95, depending on the order size, the company said in an email to Prime members Friday…
  • CK Jaipuria Group enters into franchise deal with Adidas India
    30 Jan 2023, retail.economictimes.indiatimes.com
    “In tier 2 and 3 markets, the Adidas stores we will set up exclusively by us,” CK Jaipuria said. The group plans to set up 100 Adidas footwear and sportswear stores by the end of 2024, he said. This will be Adidas’ biggest franchise partnership in the country…
  • Smart wearables demand likely to remain strong in 2023
    30 Jan 2023, retail.economictimes.indiatimes.com
    Demand for wearables in smart accessories is gaining momentum. Jain explained, as the Indian consumer focuses on health, lifestyle – clothing or dressing up accessories, the need for this segment will continue to increase. In addition, the ease of usage, data availability, and insights enabled through interconnected or compatible smart wearables fuel this demand…
  • Manyavar-owner Vedant Fashions’ net profit up 17.6% in Q3 FY23
    30 Jan 2023, retail.economictimes.indiatimes.com
    Vedant Fashions’ total revenue from operations stood at Rs 441.4 crore for Q3 of the current fiscal FY 23 as compared to Rs 384.7 crore in the same quarter last year with 14.7 per cent year-on-year growth…
  • Nestle unveils $100 million Colombia investment to grow capacity
    30 Jan 2023, retail.economictimes.indiatimes.com
    The new investment plan builds on $13 million already spent by the world’s largest food and beverage producer in the South American country, the government said in a statement, with the new funds to be focused on increasing production capacity and updating technology…
  • D2C startup Spice Story raises Rs 70 lakh from Emcure Pharma ED Namita Thapar
    30 Jan 2023, retail.economictimes.indiatimes.com
    The Mumbai-based startup said it generated a revenue of Rs 4.10 crore in the last fiscal 2021-22 and expects to reach Rs 8.7 crore this fiscal…
  • LG Electronics Q4 operating profit collapses on slumping demand, rising cost
    30 Jan 2023, retail.economictimes.indiatimes.com
    LG Electronics said its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes…
  • Premium segment at highest spot, 5G phones at 32% market share in India
    30 Jan 2023, business-standard.com
    Premium segment (Rs 30,000 and above) contributed 11 per cent to India’s smartphone shipments and 35 per cent to overall market revenue in 2022, the highest ever…
  • High street rentals in top 8 cities soar up to 50% in 2022
    30 Jan 2023, economictimes.indiatimes.com
    Rentals at high-street locations in the country’s top eight cities surged up to 50% in 2022 even as shopping malls saw a 10% year-on-year average rent increase, an analysis by commercial real estate consultants Cushman & Wakefield showed…
  • An ‘eye’ on the customer
    30 Jan 2023, timesofindia.indiatimes.com
    Will that woman come in and buy something? Is that man just window shopping? What kind of store display appeals to shoppers? These are questions retailers would love answered. Startup TangoEye says it can do that by analysing video footage…
  • Samsung Opens Biggest Store In North India, Weeks Within Apple Preps For Big Retail Push
    30 Jan 2023, news.abplive.com
    Samsung inaugurated its biggest retail store in north India in New Delhi on January 28, within two weeks of Apple prepping to open its first flagship store in the country…
  • Union Budget 2023: Here’s what the startup community wants
    28 Jan 2023, retail.economictimes.indiatimes.com
    Highlighting the need for simplification of GST, Saket Patawari, executive director, indirect tax, Nexdigm said, “In the upcoming budget, startups will certainly expect rolling back of Section 38 (2)(b)(i) of the CGST Act, 2017, which restricts the ITC availment when procurements are made from newly registered GST taxpayers.”…
  • What Patanjali Food’s Sanjeev Asthana is expecting from the Budget
    28 Jan 2023, retail.economictimes.indiatimes.com
    “There was a dip in the rural demand and post the harvest, the high commodity prices and due to the wedding season overall, there was a good uptick in the rural demand in this quarter. I am anticipating that at the back of pretty much similar reasons, we should see the demand momentum continuing to go forward but the growth rate is slightly tempered.” ..
  • Levi Strauss & Co names Harmit Singh as chief financial and growth officer
    28 Jan 2023, retail.economictimes.indiatimes.com
    Singh who joined Levi Strauss & Co in 2013 has been working as the company’s Chief Financial Officer (CFO) for the last 10 years. In his expanded role, he will take ownership of corporate strategy as well as global retail real estate, in addition to his current duties…
  • India tops APAC in men’s beauty product launches: Report
    28 Jan 2023, retail.economictimes.indiatimes.com
    According to a Mintel report, India, with 20% of the beauty products launched during the period meant for the facial care of men, was ahead of China (15%) and Japan (10%). These range from moisturisers and fairness creams to at-home spa treatment products, beard softeners and hair-removal creams. Though the Indian market is smaller compared to China and Japan for these products, it is growing much faster, with the Indian male grooming category valued at more than ₹10,000 crore…
  • Inflation easing,current a/c deficit manageable: Das
    28 Jan 2023, retail.economictimes.indiatimes.com
    The governor of the Mumbai RBI, Shaktikanta Das, has said that inflation has started to soften and the current account deficit is “eminently manageable.” He also said that the global economy is projected to contract significantly in 2023, but high policy rates for longer are seen as a distinct possibility…
  • Athleisure, casual wear stay robust in post-covid world
    28 Jan 2023, livemint.com
    Demand for athleisure and casual clothing will continue growing in line with the post-covid trend that has held strong despite the return of festive clothing and occasion wear in the December quarter, retailers said…
  • Fashion retailer H&M’s profits tumble as costs bite
    28 Jan 2023, retail.economictimes.indiatimes.com
    The world’s second biggest fashion chain, which raised some prices, will continue with this pricing strategy even though it will not fully compensate for the higher costs, such as for energy, transport and raw materials…
  • Apple, Samsung help premium smartphone mkt share reach 11% in 2022
    28 Jan 2023, financialexpress.com
    While the entry-level and the budget segments led the fall in the total shipments, the premium segment showed double-digit growth, according to Counterpoint Research…
  • SMAAASH Expands Offline Presence, Opens New Centre in New Delhi
    28 Jan 2023, indianretailer.com
    SMAAASH, the world’s leading lifestyle and entertainment powerhouse, has opened its new center at R Cube Monad Mall in Rajouri, New Delhi. Along with its engaging and opulent atmosphere, SMAAASH offers a much-anticipated dose of gaming and entertainment with its distinctive and aspirational experiences. This modern entertainment center, located in the most affluent area of the city, serves as a doorway to fun and enjoyment…
  • BlueStone Expands Offline Presence, Opens 150th Store in Nagaland
    28 Jan 2023, indianretailer.com
    Jewelry brand BlueStone has celebrated the milestone of operating 150 retail showrooms with the launch of a new outlet at Dimapur, Nagaland…
  • Budget 2023-24 wishlist: Here are the key challenges in retail sector
    28 Jan 2023, business-standard.com
    While the retail sector is expected to grow at 8 per cent CAGR by 2027 (estimates), growth CAGR for e-commerce will be at 24 per cent…
  • The NEW Shop Ropes in Rajkummar Rao as the Brand Ambassador
    28 Jan 2023, indianretailer.com
    The NEW Shop, India’s largest convenience retail company has appointed Bollywood actor Rajkummar Rao as the brand ambassador. In a series of campaigns to expand its footprints across the country, the actor will be featured in a variety of digital and print platforms such as social media, OTT, OOH, and IVR messaging to connect with prospective consumers through physical The New Shop stores and in-app services…
  • Wooden Street Expands offline Presence, Opens Store in Mumbai
    28 Jan 2023, indianretailer.com
    The omnichannel furniture brand Wooden Street launched its 8th Experience Store in Mumbai. The newly opened store located at Arihant Aarohi, Kalyan-Shil Road, Shilphata, Padle Gaon in Thane, Maharashtra will sell furniture and home decor products, the company said…
  • EaseMyTrip to Launch Offline Stores via Franchise Model
    28 Jan 2023, indianretailer.com
    EaseMyTrip has announced that it would start establishing offline retail stores under a franchise model in India. Through EaseMyTrip Franchise, the online travel tech firm will “allow the customers to have an in-store retail experience”…
  • How Lil’Goodness is Healthifying the Kid’s Snacking Segment
    28 Jan 2023, indianretailer.com
    The Indian snacking market is estimated to be between $15-20 billion currently. Healthy snacking would be around 2-3 percent of this market currently. The market opportunity for snacking is around $30 billion. The kids and teens snacking category itself is $10 billion. Therefore, there is enough headroom to grow the kid’s food and nutrition segment in India…
  • Sugar Cosmetics Expands Presence in Chennai
    28 Jan 2023, indianretailer.com
    Indian omnichannel beauty company Sugar Cosmetics launched its 50th High Street Store at Anna Nagar East, Chennai, announced Pushkar Basu, retail manager, High Street at Sugar Cosmetics…
  • Shoppers Stop Collaborates with Earthi, Forays into Ayurveda
    28 Jan 2023, indianretailer.com
    Raheja-group-backed department store chain Shoppers Stop has collaborated with Ayurvedic beauty and wellness brand Earthi to launch a new Kumkumadi oil face sheet mask, marking its foray into the booming Ayurveda products market. The brand had been eyeing an entry into this lucrative segment by developing its own product. The newly-launched product can be purchased for Rs 299 from Shoppers Stop stores and Earthi website…
  • Edible Oil Brand Sunpure Forays into Spices Market
    28 Jan 2023, indianretailer.com
    South India’s largest edible oil brand, Sunpure has forayed into the Rs 25,000-crore branded spices market with the launch of Sunpure Red Chilli Powder, Sunpure Turmeric Powder, and Sunpure Coriander Powder. Soon, the company will be unveiling its blended spice mixes as well as new product categories like grains, pulses, and dry fruits…
  • G.O.A.T Brand Labs Acquires Apparel Brand Imara
    28 Jan 2023, indianretailer.com
    Strengthening its purse of ethnic lifestyle brands in 2023, G.O.A.T Brand Labs has announced the acquisition of Imara – a celebrity-endorsed women’s ethnic apparel brand. Well received by the targeted premium women customers, Imara has expanded its presence in over 70 offline stores. Shoppers Stop is also a strategic partner of G.O.A.T Brand Labs and online channels like Myntra…
  • Swiss watch imports touch $200 mn as Indians splurge
    28 Jan 2023, livemint.com
    Demand for luxury watches in India has soared, with Swiss watch imports nearly doubling in 2022 from 2020, the Federation of the Swiss Watch Industry said…
  • Spirits up once again in 2022 as alcohol sales hit 4-year high
    27 Jan 2023, retail.economictimes.indiatimes.com
    The market, especially for premium products across categories, saw a sharp recovery in 2022 after a slump during the Covid-19 pandemic. The premium portfolio now accounts for a fifth of all whisky sold in the country, gaining 500 basis points since 2018 as consumers steadily shifted to the higher priced tipple. The growth last year, however, was slower than in 2021, which saw a 15% expansion on a low base…
  • Udaan reins in cash burn rate: CEO
    27 Jan 2023, financialexpress.com
    Udaan has a dominant position in e-B2B market in terms of reach and scale given its first mover advantage..
  • Budget 2023: India’s $5-trillion economy dream confronts moribund MSME
    27 Jan 2023, retail.economictimes.indiatimes.com
    The budget needs to look at offering provisions that strengthen manufacturing and ease of doing business for small and medium enterprises. Such dole outs can help smaller players survive and scale up more efficiently…
  • Pernod Ricard plans to amp up manufacturing capabilities in India
    27 Jan 2023, thehindubusinessline.com
    French spirits major Pernod Ricard known for its brands Blenders Pride and Absolut Vodka plans to improve its manufacturing capabilities through automation in order to increase productivity in India…
  • Johnnie Walker maker Diageo tops sales estimates helped by premium brands
    27 Jan 2023, retail.economictimes.indiatimes.com
    The London-based company, which makes Tanqueray gin, Captain Morgan’s rum and Ketel One vodka, said organic net sales rose 9.4% in the six months to December 31, beating analyst forecasts for a 7.9% rise…
  • Luxury group LVMH’s sales defy downturn as shoppers splurge
    27 Jan 2023, retail.economictimes.indiatimes.com
    Sales at the world’s biggest luxury group reached 22.7 billion euros ($24.65 billion) in the final three months of the year, with the 9% increase on an organic basis a touch above analyst expectations for 7% growth, based on a consensus cited by UBS…
  • Tod’s sales exceed 1 billion euros in 2022
    27 Jan 2023, retail.economictimes.indiatimes.com
    Full-year revenues grew by 11.4% at constant exchange rates to 984 million euros. Analysts had expected 985 million euros in sales, according to a company provided consensus…

  • Coke rewrites script to be a brand for all seasons


    27 Jan 2023, financialexpress.com
    Coca-Cola India is reallocating its marketing spends to multiple quarters, against the strong orientation towards the first and second quarters…

  • IndiaMARTOrion Mall unveils unique 60-foot “Ship of Patriotism” on India’s 74th Republic Day
    27 Jan 2023, contentmediasolution.com
    Bengaluru, 26 January 2023: Orion Malls by Brigade Group celebrated India’s 74th Republic Day by unveiling a unique, 60-foot “Ship of Patriotism” on the 26th of January 2023 at the lakeside of Orion Mall, Brigade Gateway…
  • Budget Expectations: What should retail investors watch out for ?
    27 Jan 2023, economictimes.indiatimes.com
    ​​ The Union Budget for FY24 is just around the corner, and we expect it to remain focused on pro-growth initiatives such as continued investment in infrastructure and capacity development…
  • DLF’s net profit up 36.48% in Q3 FY23
    26 Jan 2023, retail.economictimes.indiatimes.com
    DLF’s ‘s consolidated total income stood at Rs 1,559.66 crore in Q3 FY23, a dip of 7.54 per cent from Rs 1,686.92 crore it recorded in the similar quarter last year…
  • Future Retail’s executive chairman Kishore Biyani resigns
    26 Jan 2023, retail.economictimes.indiatimes.com
    Biyani was serving as the executive chairman and director of the company…
  • ITC Ltd to introduce millets into most of its packaged food products, says chairman Sanjiv Puri
    26 Jan 2023, retail.economictimes.indiatimes.com
    This is a part of the conglomerate’s ‘Mission Millet’ strategy which it will also roll out as a branding effort in all products which will have millets in them. The company will introduce millets as an additive or roll out 100% millet products across categories like snacks, confectionery, cereals, ready to eat range, biscuits and instant noodles, said Puri…
  • Leaders demand industry status, multi-tiered policy for retail sector
    26 Jan 2023, retail.economictimes.indiatimes.com
    “Retail policy has been in the draft stage for ages. Recently there has been some development which is encouraging. It’s time for the government to take inputs from stakeholders and take a decision.”..
  • Reported healthiest set of results this quarter, says Shoppers Stop MD Venu Nair
    26 Jan 2023, retail.economictimes.indiatimes.com
    “​Our investments are broadly on our strategic pillars – private brands, beauty, and store expansion. ​In the case of private brands, we are investing to convert these labels and grow them into brands. For beauty, the investment is in the SS Beauty stores and in distribution.”…
  • Patanjali Q3 Results: PAT rises 15% YoY to Rs 269 crore, but profitability hit by costs
    26 Jan 2023, retail.economictimes.indiatimes.com
    Operating profit, calculated as earnings before interest and tax, depreciation and amortization (EBITDA), declined 12.4% on-year to Rs 368 crore, while margin contracted a sharp 205 basis points to 4.64%…
  • Textile maker Arvind Q3 profit declines 11.62% to Rs 87 crore
    26 Jan 2023, retail.economictimes.indiatimes.com
    Revenue from operations during the quarter under review were at Rs 1,979.79 crore as against Rs 2,270.07 crore in the year-ago period, it added…

  • Republic Day sales up 24% this year: Unicommerce


    26 Jan 2023, retail.economictimes.indiatimes.com
    As per the analysis, the beauty and personal care segment recorded maximum growth with 31 per cent YoY growth in order volumes followed by 29 per cent growth by the fashion segment…

  • IndiaMART InterMESH to strengthen footprint in TN, Pondy
    26 Jan 2023, retail.economictimes.indiatimes.com
    Online B2B marketplace provider IndiaMART InterMESH Ltd has drawn up plans to strengthen footprint by foraying into three cities in Tamil Nadu, besides setting up an office in neighbouring Puducherry…
  • G.O.A.T Brand Labs acquires ethnic apparel brand Imara
    26 Jan 2023, retail.economictimes.indiatimes.com
    ​​The ethnic wear brand has its presence in over 70 offline stores, Shoppers Stop who are also a strategic partner of G.O.A.T Brand Labs and online channels like Myntra…
  • Levi Strauss holiday sales set to fall as shoppers move away from denim
    26 Jan 2023, retail.economictimes.indiatimes.com
    “While macro pressures have not impacted all apparel categories equally, denim has been a category feeling the brunt of a change in consumer spending patterns,” Citigroup analysts said in a note…
  • Colgate needs to brush up on growth after another dull quarter
    26 Jan 2023, livemint.com
    Colgate-Palmolive (India) Ltd, which is present in the oral care category, has been unable to revive its revenue and sales volume growth for a while now. This trend has continued in the December quarter (Q3FY23) as well even as expectations were measured…
  • Elite Foods aims to become national brand in five years
    26 Jan 2023, thehindubusinessline.com
    The food company has focussed on market expansion, industrial development and sustainable distribution elite foods has charted out a vision to emerge as the “Food Factory of India” in the next five years…
  • ASUS strengthens its retail strategy, adds third Pegasus store in Delhi
    26 Jan 2023, retail.economictimes.indiatimes.com
    ​​The company, with its Pegasus stores, want to provide its consumers with a first-hand experience of brand innovations, ranging across consumer PCs, gaming laptops, creator series, all-in-one desktops, and a wide range of accessories…
  • Shah Rukh Khan drives footfall to malls with his movie Pathaan
    26 Jan 2023, indiaretailing.com
    The release of Shah Rukh Khan-starrer Pathaan movie is attracting droves of people to multiplexes all over the country and the response to the movie has energized Bollywood. The release of the movie is also somewhat energizing another quarter of the consumer-facing business: Retailers…
  • LuLu Expansion Plan On Track In India
    26 Jan 2023, khaleejtimes.com
    Yusuff Ali MA, Chairman of LuLu Group, with India Prime Minister Narendra Modi on the sidelines of the 17th Prabavi Bharatiya Divas, held at Indore in Madhya Pradesh…
  • ASUS Expands Offline Presence, Opens 3rd Pegasus Store in Delhi
    26 Jan 2023, indianretailer.com
    ASUS India, a Taiwanese leading tech giant, has launched the Pegasus store in New Delhi. This is the brand’s third Pegasus store in the city located at Nehru Place…
  • ‘Beauty as a category will grow at a pace ahead of the business’
    26 Jan 2023, livemint.com
    Shoppers Stop posted record quarterly sales in the December quarter, with revenue surpassing pre-covid levels. In an interview, Venu Nair, managing director and chief executive, spoke about the department store operator’s plan to add more direct-to-consumer brands, views on the beauty retail market and consumer demand…
  • Unilever’s dominance in India helps it raise prices, pinching rural poor
    25 Jan 2023, retail.economictimes.indiatimes.com
    The nation of 1.4 billion is one of Unilever’s three priority markets, alongside the United States and China. The company traces its roots in India back to 1888 and its local subsidiary, Hindustan Unilever (HUL), accounts for just over a tenth of group sales, according to recent results…
  • United Spirits Q3 Results: Profit slumps 64.4% QoQ hurt by soaring input costs
    25 Jan 2023, retail.economictimes.indiatimes.com
    The company said it incurred a one-time expense of 1.51 billion rupees, while its input costs rose 4.6%.” Looking ahead, in the shorter term, we do expect inflationary headwinds to continue,” said Hina Nagarajan, chief executive of United Spirits…
  • Colgate-Palmolive Q3 net profit dips 4 pc to Rs 243 crore
    25 Jan 2023, retail.economictimes.indiatimes.com
    Colgate-Palmolive (India) on Tuesday said its net profit declined by 4 per cent to Rs 243 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 252 crore in the October-December period of the previous fiscal…
  • Westlife Foodworld appoints Saurabh Bhudolia as CFO
    25 Jan 2023, retail.economictimes.indiatimes.com
    In his new role, Bhudolia will report to the executive director, Akshay Jatia, and will work closely with the leadership team to devise effective financial strategies for Westlife Foodworld…
  • Zomato Gold returns with discounts on delivery and dining out
    25 Jan 2023, retail.economictimes.indiatimes.com
    According to company sources, the Gold membership is currently being offered on an invite-only basis. However, users with existing Pro memberships are being offered Gold subscriptions for three months…
  • Godrej Appliances partners with Delhivery to build pan-India supply chain for air-cooler biz, eyes deeper market penetration
    25 Jan 2023, retail.economictimes.indiatimes.com
    Under this partnership, Delhivery and Godrej Appliances have jointly inaugurated a new warehouse in Ghaziabad (NCR) to handle all fulfillment needs at a pan-India level…
  • Small package-delivery companies get bigger
    25 Jan 2023, livemint.com
    Smaller parcel carriers made big gains during the pandemic handling packages that the larger players couldn’t deliver. Some want to get bigger.

    ..

  • Nona Lifestyle targets Rs 1,000 crore revenue
    25 Jan 2023, retail.economictimes.indiatimes.com
    In 2020, the company recognized the importance of technology for both its customers and suppliers, as it would provide accurate data and automate the supply chain. To achieve this goal, the firm raised Rs 3.5 crore in seed funding from LC Nueva to develop tech architecture…
  • Reliance Retail’s business growth focus with digital commerce
    25 Jan 2023, financialexpress.com
    “Digital Commerce and New Commerce businesses continue to demonstrate strength of their business model and grew 38 per cent YoY and contributed to 18 per cent of the revenue,” the company said…
  • Shamal Patel re-elected as chairman of GCMMF that markets ‘Amul’ products
    25 Jan 2023, retail.economictimes.indiatimes.com
    The board of GCMMF, India’s largest food products organisation with a turnover of Rs 46,481 crore during the last financial year, met here for the election where Valamji Humbal was also unanimously re-elected as the vice chairman, said the farmers’ cooperative in a statement…
  • Tata Coffee consolidated Q3 net profit falls 45 pc to Rs 38 crore
    25 Jan 2023, retail.economictimes.indiatimes.com
    Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore. The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period, it said in a regulatory filing…
  • Lifestyle brand Dekulture Works enters offline retail, opens 3 stores in Bangalore
    25 Jan 2023, retail.economictimes.indiatimes.com
    The brand is in talks with various investors to raise around Rs 100 Cr for expansion in Delhi, Mumbai, and other metros soon..
  • Croma Infiniti-Retail to take up rapid expansion in next FY
    25 Jan 2023, retail.economictimes.indiatimes.com
    Croma launched around 100 new stores this year and plans rapid expansion in the next financial year. Croma has been expanding its footprint in Tier II and III towns to reach more people, the company said in a statement…
  • Laptop demand ebbs as pandemic eases
    25 Jan 2023, livemint.com
    The pandemic-led shift to remote work, which fuelled massive demand for PCs and laptops in the last two years, is starting to fade…
  • Pidilite Q3 Results: Profit falls 15% QoQ hit by higher input costs
    25 Jan 2023, retail.economictimes.indiatimes.com
    The Mumbai-based company said consolidated net profit fell to 3.04 billion rupees ($37.26 million) in the three months ended Dec. 31. Analysts on average expected the company to report a profit of 3.82 billion rupees, according to Refinitiv IBES data…
  • KFC India Opened its 7th Outlet in Dehradun
    25 Jan 2023, rli.uk.com
    American fast food restaurant chain KFC opened its seventh outlet in Dehradun at the Unison Centrio mall, New Delhi…
  • How ELLE DÉCOR and Mont Blanc Ventures Aim to Capture the Growing Décor Market
    25 Jan 2023, indianretailer.com
    ELLE DÉCOR a brand synonymous with premium interior decoration is well known globally for the plethora of products it offers to its customers. French conglomerate Lagardère Group owned ELLE DÉCOR along with Mont Blanc Ventures launched their first multi-brand home store ELLE DÉCOR Home Collection…
  • Dekulture Enters Offline Retail Market
    25 Jan 2023, indianretailer.com
    Dekulture Works, a lifestyle brand inspired by India’s ancient art and culture, has entered the offline retail industry with 3 stores in Bangalore, India. The first studio is located in Phoenix Market City, Whitefield, Bengaluru’s iconic shopping destination while two other stores are in premium localities of Sadashivnagar and HSR Layout…
  • Spencer’s Retail CEO Devndra Chawla Steps Down
    25 Jan 2023, indianretailer.com
    Spencer’s Retail Ltd said its CEO and Managing Director Devendra Chawla has resigned. In a regulatory filing, the company said Chawla has tendered his resignation from the position of CEO and Managing Director and also as a Director from the Board of the company with effect from January 20, 2023…
  • Godrej Appliances Partners with Delhivery Ltd
    25 Jan 2023, indianretailer.com
    Godrej Appliances, a business unit of Godrej and Boyce, has awarded the contract to build and manage the pan-India supply chain for their air-cooler business to Delhivery Ltd., India’s largest fully integrated logistics provider. Through this partnership, Delhivery will deploy its integrated warehousing and distribution solution to drive market penetration of Godrej air coolers…
  • Nutrilitius Appoints Saurabh Walkar as Director
    25 Jan 2023, indianretailer.com
    To strengthen its leadership team, Nutrilitius, an online platform that offers the best quality nuts and dry fruits in India, has onboarded Saurabh Walkar as its Director. In his current role at the organization, Saurabh will mentor the management team. He will be identifying gaps in the market and steering product development that will contribute to the fortification of the company’s product portfolio and help them better understand the product-market fit…
  • Ashni Biyani’s company to attempt Thrasio model
    24 Jan 2023, retail.economictimes.indiatimes.com
    Think9 Consumer, a multi-brand platform promoted by Ashni Biyani, daughter of Future Group chairman Kishore Biyani, is in talks with close to a dozen direct-to-consumer brands across retail, fashion, FMCG, kids furniture, home decor, beauty and ayurveda to co-create them on the lines of Thrasio-styled house of brands businesses…
  • Shoppers Stop Q3 net profit falls to Rs 63 crore
    24 Jan 2023, retail.economictimes.indiatimes.com
    Consolidated revenue from operations during the quarter under review stood at Rs 1,137.07 crore as against Rs 958.11 crore in the same period a year ago, it added…
  • Nykaa appoints P Ganesh as chief financial officer
    24 Jan 2023, retail.economictimes.indiatimes.com
    Former CFO Arvind Agarwal quit Nykaa in November last year to join PayU, the fintech and payments arm of Dutch investment giant Prosus…
  • Zomato to rebrand its 10-minute delivery service Instant
    24 Jan 2023, retail.economictimes.indiatimes.com
    Food aggregator Zomato Ltd on Monday said that the company is looking to rebrand its 10-minutes delivery service, Zomato Instant…
  • JioMart sees 37% monthly increase in orders via Whatsapp
    24 Jan 2023, retail.economictimes.indiatimes.com
    Reliance Retail on Friday reported a 6.24 per cent increase in its net profit to Rs 2,400 crore for the December 2022 quarter. The company’s revenue for operations surged 18.64 per cent to Rs 60,096 crore during the period in review…
  • Amazon launches cargo service Air in India
    24 Jan 2023, retail.economictimes.indiatimes.com
    Amazon has partnered with Quikjet Cargo Airlines to launch Amazon Air which will initially look to deliver goods in cities like Bengaluru, Hyderabad, Delhi and Mumbai…
  • Flipkart’s social commerce arm Shopsy sees six-fold customer growth in 2022
    24 Jan 2023, business-standard.com
    In 2022, Shopsy witnessed a six-fold growth in customers transacting on its website. Around 40 per cent of the new users being added to Flipkart today come via Shopsy, which was 25 per cent earlier…
  • Hungry for more. Quick service restaurants look for a bigger slice of pizza market in small towns
    24 Jan 2023, thehindubusinessline.com
    Pizza is no more a delicacy just for the urban class. Several players like Domino’s have begun opening stores in smaller towns because people are enjoying it so much…
  • The real estate sector scaled to a new high in 2022 and looks forward to a promising 2023
    24 Jan 2023, constructionweekonline.in
    India’s real estate sector witnessed a stellar year in 2022 with healthy growth in sales and launches across all segments. Emerging strong in the post-covid-era, the real estate sector staged impressive growth across geographies…
  • Express Avenue celebrates Christmas, New Year and Pongal festive seasons the grand way
    24 Jan 2023, contentmediasolution.com
    Express Avenue- “The Destination Mall of India”, one of the leading malls in Chennai announced that their 2022 Christmas and 2023 New Year and Pongal festive seasonsbusiness saw a strong performance and record sales. The announcement also marks the entertainment avenue’s step into the 13th year of successful operation…
  • Reliance Retail Acquires V Retail
    24 Jan 2023, indianretailer.com
    Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates a retail chain under the brand name ‘Centro Style’. V Retail operates 32 Centro stores in Andhra Pradesh, Telangana, and Karnataka markets…
  • Oriflame Expands Product Portfolio, Unveils NovAge Proceuticals
    23 Jan 2023, retail.economictimes.indiatimes.com
    Oriflame, a leading social selling company in the cosmetics and beauty industry, is spreading its horizon in the premium cosmeceutical category…
  • HRX’s Tie-up with Baccarose Wins with Coopetition, Starts New Retail Trends
    23 Jan 2023, indianretailer.com
    A unique business proposition is the lifeblood of any brand that wants to make its presence felt. Boundaries of customer cohorts are overlapping faster than we realize, as users with exposure to similar facilities, have similar needs. Health has become one such fundamental aspect in the daily lives of young India and HRX, since inception in 2013, has been diversifying from athleisure clothing to a spectrum of verticals that inspire people to be their best selves…
  • Myntra Ropes in Anushka Sharma as Brand Ambassador
    23 Jan 2023, indianretailer.com
    Myntra has signed Bollywood actor Anushka Sharma as its brand ambassador for its ‘beauty’ category. The brand has rolled out an ad film featuring the actor to promote its propositions in the beauty and personal care space…
  • Retail business got a boost with more Indians choosing to shop at Reliance Retail stores: Mukesh Ambani
    23 Jan 2023, retail.economictimes.indiatimes.com
    Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said, “Our performance during the quarter demonstrates the underlying strengths and efficiencies of our business model that enable us to serve our customers with excellence at all times. We remain steadfast in offering the best shopping experience across all our stores and digital platforms to deepen our bond with our customers and vendor partners.”…
  • Royalty payments to UK parent in HUL’s interest: CEO Sanjiv Mehta
    23 Jan 2023, retail.economictimes.indiatimes.com
    “Royalty grants us the right to use Unilever-owned brands and access to Unilever’s cutting-edge technical knowhow, world class R&D and innovation capabilities,” he said. “The service fees enable us to leverage Unilever’s global expertise and functional services.”…
  • Flipkart to focus on assisted commerce initiatives, audiobooks in 2023
    23 Jan 2023, thehindubusinessline.com
    Enhancing assisted commerce interventions like live commerce, video commerce and expanding its audiobooks library will be some of the focus areas for Flipkart in 2023, Kanchan Mishra, Business Head — FMCG, Home & General Merchandise, Flipkart told businessline…
  • How Budget 2023-24 can accelerate growth in the retail industry?
    23 Jan 2023, retail.economictimes.indiatimes.com
    While companies from other countries can establish their export business only after two years of domestic operations, it takes much more time for Indian retailers to go international. The Government should look at supporting electronics retailers to go global and capitalize on the export opportunity in the upcoming budget…
  • Retailers shrug off winter chill to see double-digit growth in yr-end sales
    23 Jan 2023, business-standard.com
    End-of-season sales (EOSS), which started at the end of December and will continue till the first week of February, have witnessed 15-20 per cent growth, according to retailers and mall developers…
  • JioMart sees jump in orders via WhatsApp
    23 Jan 2023, livemint.com
    JioMart the online commerce play of Reliance Retail registered a jump in quarterly orders via WhatsApp apart from an uptick in active customer base, top executives at the company said…
  • Charging infrastructure needs big push as EV adoption grows in India
    23 Jan 2023, economictimes.indiatimes.com
    To help India realise its EV dream, creating a vast network of public stations and community charging stations (in societies) in key metro cities is a daunting task and at the moment, the country stares at a huge gap as EV adoption increases, especially in the two-wheeler segment…
  • Technology is reshaping India’s online retail: Unicommerce
    23 Jan 2023, livemint.com
    Online shopping in India is growing by leaps and bounds. According to consulting firm Bain & Company’s report of October 2022, India’s e-retail market was estimated to be $50 billion in 2022, growing at 25% over 2021. By 2027, the market is expected to grow to $150–$170 billion, with up to 1 in 10 retail dollars spent online…
  • Shop Talk. What’s in store for retail in 2023
    23 Jan 2023, thehindubusinessline.com
    Indian Retail in 2023 would have to cater to the need for instant gratification that has been further intensified by same-day delivery promise, and hyper-local operators. Ironically, this is not a new trend…
  • Karta Ceremony, A Unique Community-Based HR Tool Used By Reliance Retail To Welcome Store Leaders
    23 Jan 2023, outlookindia.com
    Under the karta ceremony, before joining a store, an executive is blindfolded and placed on a special chair in front of all store employees, vendors and even his relatives..
  • EaseMyTrip to establish offline retail stores through franchise model

    23 Jan 2023, business-standard.com
    Products and services that will be offered under the EaseMyTrip Franchise will include flight booking, group fares, hotels, holidays, IRCTC (rail booking), cabs, buses, cruises, charters, and visas…
  • Vodafone-Idea expands rural retail footprint in Bihar and Jharkhand
    23 Jan 2023, timesofindia.indiatimes.com
    With a view to ramping up its retail footprint at the sub district level, Vodafone-Idea (Vi) is launching 75 new format ‘Vi Shops’ across multiple towns in Bihar and Jharkhand. Smaller towns like Arrah, Barauni, Bettiah, Buxar, Chausa, Deoriya, Hajipur, Katihar, Masauri, Motihari, Sitamarhi, amongst others in Bihar now get…
  • Reliance Retail Q3 net profit rises 6.2% to Rs 2,400 crore; revenue up 18.6%
    21 Jan 2023, retail.economictimes.indiatimes.com
    The retail arm of Reliance Industries Ltd (RIL) said it had posted a net profit of Rs 2,259 crore in the October-December quarter of FY21 and its revenue from operations was Rs 50,654 crore…
  • Spencer’s Retail CEO Devndra Chawla resigns
    21 Jan 2023, retail.economictimes.indiatimes.com
    Chawla joined the RP Sanjiv Goenka Group in 2019 as its chief executive officer and managing director for a three-year term. Earlier, he was the chief operating officer of Walmart India…
  • Meesho’s cash burn reduced by 90% between Jan-Dec 2022
    21 Jan 2023, retail.economictimes.indiatimes.com
    “Starting Feb/March 2022, we have shifted our focus towards profitable growth. We’ve taken a very ambitious target of becoming profitable by mid of this year. And we are already close to touching cash flow profitable status,” shared Dhiresh Bansal, CFO, Meesho…
  • Reliance Retail acquires footwear retailer V Retail
    21 Jan 2023, retail.economictimes.indiatimes.com
    “Reliance Retail strengthened its product offerings with the acquisition of V Retail (Centro Footwear),” said the earning statement from Reliance Industries on Friday. However, the company did not disclose the financial details of the deal…
  • Amazon invests Rs 400 crore in India logistics arm
    21 Jan 2023, retail.economictimes.indiatimes.com
    The fund infusion comes at a time when Amazon is increasing its seller base as well as product catalogue on the platform from sellers…
  • Organised trade cannot expand beyond a point in India: Amazon’s Manish Tiwary
    21 Jan 2023, thehindubusinessline.com
    The financial model of selling at MRP is not very robust in India, said tiwary at the third V Narayanan memorial endowment lecture on the topic organised by the MMA…
  • We will continue to hunt for good M&A opportunities: IndiaMart CEO Dinesh Agarwal
    21 Jan 2023, retail.economictimes.indiatimes.com
    IndiaMart Intermesh reported a rise of 60.68 per cent in its consolidated net profit to Rs 112.8 crore for the quarter that ended December 31, 2022. Its consolidated revenue from operations increased by 33.65 per cent to Rs 251.4 crore. ETRetail spoke to IndiaMart’s founder and CEO, Dinesh Agarwal to understand the company’s performance and strategy, and vision going forward…
  • Tanishq enters American market; first store inaugurated by Senator Robert Menendez
    21 Jan 2023, retail.economictimes.indiatimes.com
    The launch is a part of Tanishq’s retail business expansion strategy. It launched its first international brick-and-mortar store in Dubai in November 2020. It now has eight international stores, seven in the United Arab Emirates (UAE) and the first in the United States of America…
  • Trent enters equal JV with MAS Amity for intimate wear and apparel business
    21 Jan 2023, retail.economictimes.indiatimes.com
    Over time, Trent and MAS would pool their domain expertise to undertake design, development and manufacturing of a range of intimate wear and other apparel products. Initially, the joint venture would facilitate design and sourcing of related products…
  • As inflation cools, Bikaji Foods CFO hints at price reductions
    21 Jan 2023, retail.economictimes.indiatimes.com
    CFO Rishabh Jain doesn’t foresee any price hikes for the next 2-3 quarters; may look at price reductions or grammage increases if inflation softens further…
  • Meal delivery firm Deliveroo breaks even as orders dip
    21 Jan 2023, retail.economictimes.indiatimes.com
    The company, which had benefited from surging demand during the pandemic, said the value of orders on its platform increased 6% to 1.8 billion pounds ($2.2 billion) in the fourth quarter, as the rise in restaurant prices offset a 2% drop in orders…
  • Kent RO Systems forays into fan segment under Kuhl brand
    21 Jan 2023, retail.economictimes.indiatimes.com
    The BLDC fans are at least 65 per cent more energy efficient than the regular ceiling fans, Kent RO Systems Chairman and Managing Director Mahesh Gupta said. “We can save electricity worth Rs 2 lakh crore every year if 120-crore household fans in the country are converted to BLDC technology,” he noted…
  • Reliance Retail’s Avantra by Trends opens its first store in North India
    21 Jan 2023, apparelresources.com
    Avantra by Trends, which is a concept store chain by Reliance Retail, has opened its first store in North India in Lucknow. The store has been opened in Lulu Mall, Golf City…
  • Retail Samvad: Industry Leaders Push for Immediate Implementation of National Retail Policy
    21 Jan 2023, retail.economictimes.indiatimes.com
    As part of the ongoing initiatives to support MSME’s and Small Retailers India’s apex association-India Center for Policy Research and Governance (ICPRG) in association with METRO Cash & Carry India organized the fifth edition of Retail Samvad – Future of Small Retail: Empowering small retailers & MSMEs to make them future ready…
  • Amazon, Samara Capital pump Rs 300 crore into More Retail
    20 Jan 2023,retail.economictimes.indiatimes.com
    More Retail’s holding company is Witzig Advisory Services which is 49% owned by Amazon and 51% by Samara Alternate Investment Fund. The filings to the Registrar of Companies (RoC) shows there has been a capital infusion into Witzig Advisory on January 12, which in turn on the same day pumped money into More Retail. The last round of capital infusion was for Rs 100 crore.”…
  • Hindustan Unilever Q3 net profit rises 7.9% to Rs 2,481 crore
    20 Jan 2023,retail.economictimes.indiatimes.com
    Its consolidated total income during the quarter under review rose 16.35 per cent to Rs 15,707 crore against Rs 13,499 crore a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.”…
  • Samsung becomes India’s top smartphone brand in Q4 in India; Vivo ranked second: Canalys
    20 Jan 2023,retail.economictimes.indiatimes.com
    Samsung took the number one spot in the October-December quarter or Q4 of 2022 for the first time since Q3 2017, shipping 6.7 million units for a market share of 21%, while Vivo captured the second spot with 6.4 million units shipped mainly via offline channels, Canalys said.”…
  • Asian Paints Q3 net profit rises 6.4 per cent to Rs 1,097 crore
    20 Jan 2023,retail.economictimes.indiatimes.com
    Asian Paints Managing Director & CEO Amit Syngle said the domestic decorative business of the company registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year.”…
  • PVR posts Q3 net profit at Rs 16.15 crore
    20 Jan 2023,retail.economictimes.indiatimes.com
    Its consolidated revenue from operations in the third quarter grew 53.17 per cent to Rs 940.69 crore against Rs 614.15 crore in the corresponding period of the previous year, it added.”…
  • Fire-Boltt to start exports from India from Feb: CEO
    20 Jan 2023,retail.economictimes.indiatimes.com
    While the initial inventory to these markets went from China, Kishore said the plan is to start exporting from India from February onwards.”…
  • Indiamart Q3 net profit rises 60.6% to Rs 112.8 cr; revenue up 33.6% at Rs 251.4 cr
    20 Jan 2023,retail.economictimes.indiatimes.com
    Commenting on the results Indiamart Intermesh CEO Dinesh Agarwal said it was led by growth in revenue, deferred revenue, paying subscription suppliers and cash flow from operations with healthy margins.”…
  • Luxury fakes litter online portals
    20 Jan 2023,www.livemint.com
    Shoppers looking to snag a luxury timepiece may be tempted by the allure of cut-price products being sold online: a Tag Heuer Mercedes Benz SLR watch, which typically retails at “…

  • ‘Retail sales up 16% in Dec compared to pre-pandemic times’

    20 Jan 2023,www.thehindubusinessline.com
    Retailers across the country clocked an estimated 16 per cent growth in sales in December compared to pre-pandemic times, as per the latest survey of Retailers Association of India (RAI). This growth was led by categories such as footwear, jewellery and sports goods. Retailers across the country clocked an estimated 16 per cent growth in sales in December compared to pre-pandemic times, as per the latest survey of Retailers Association of India (RAI). This growth was led by categories such as footwear, jewellery and sports goods. Retail businesses across regions indicated growth in sales compared to pre-pandemic levels led by the Eastern region, the industry body said. While retailers in eastern India clocked sales growth of 20 per cent, in South India sales at retail businesses grew by 18 per cent in December 2022 compared to December 2021. Retailers in Western and Northern region clocked sales growth of 16 per cent and 10 per cent respectively. Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “Customers are spending carefully on discretionary products. While it’s growth, It’s cautious growth While footwear sales surged by 29 per cent in December, 2022 compared to December 2019, jewellery sales were up 26 per cent. Sports goods category raked in sales growth of 25 per cent in December compared to pre-pandemic times. “…
  • Retailers have big plans in store this year
    20 Jan 2023,retail.economictimes.indiatimes.com
    Experts said leasing in 2023 could outpace even the 2019-level when retailers cumulatively took up a record 6.8 million sq ft of new space. “…
  • Men’s suit brand PN Rao completes 100 years, to re-enter women’s wear biz
    20 Jan 2023,retail.economictimes.indiatimes.com
    The PN Rao, the firm’s partners said, would cater to the business attire demands of both men and women, meeting their evolving tastes and setting new benchmarks. “Now the situations are completely different in a boardroom, women are taking over in every field. Therefore we want to focus on strong and confident business women,” Naveen Pishe said.”…

  • Mondelez India strengthens play in choco-bakery segment

    20 Jan 2023,www.thehindubusinessline.com

    Launches Cadbury Chocobakes Chocochip Cookies marking third launch in the segment”…


  • Havells India Q3 net profit falls 7.3% to Rs 283.52 crore

    20 Jan 2023,retail.economictimes.indiatimes.com
    Its consolidated revenue from operations during the quarter under review stood at Rs 4,127.57 crore against Rs 3,664.21 crore in the year-ago period, it added.”…

  • Marks and Spencer Strengthens Presence in Madhya Pradesh

    20 Jan 2023,www.indianretailer.com
    Iconic fashion brand Marks and Spencer has opened its 96th store in Indore in the Phoenix Citadel Mall. This new store is the 2nd store in Indore and the 3rd in Madhya Pradesh. Marks and Spencer continues to strengthen its commitment to the Indian market with a sustained growth plan of opening more stores and modernizing established-existing stores along with space expansions. With a style that is chic, contemporary, and effortless, this new store at Citadel Mall and the recently updated store at Treasure Island Mall showcases endless options for men and women, along with cute and cozy style options for children. Men can shop for T-shirts starting at Rs 899, and Shirts Starting at Rs 1799. “…

  • How Budget 2023-24 can accelerate growth in the retail industry?

    20 Jan 2023,retail.economictimes.indiatimes.com
    While companies from other countries can establish their export business only after two years of domestic operations, it takes much more time for Indian retailers to go international. The Government should look at supporting electronics retailers to go global and capitalize on the export opportunity in the upcoming budget.”…

  • Iconic Strengthens Offline Presence in Ludhiana

    20 Jan 2023,www.indianretailer.com
    Iconic Fashion India has opened its latest exclusive store in Ludhiana. The outlet is located at MBD Neopolis on Ferozepur Road.The fashion outlet retails premium clothing for men, women, and kids in the country and houses brands like GANT, True Religion, DKNY, Elle Paris, Bugatti, Antony Morato, Matinique, Kendal + Kylie, and 80+ other brands. In 2013, Iconic opened its first store in Delhi with the goal of making fashion accessible. Initially, it started by housing eight brands. Soon, the portfolio widened to 130 out of which close to 80 brands are international.”…

  • Avantra by Trends Opens First Store in North India

    20 Jan 2023,www.indianretailer.com
    Avantra by Trends, a concept store chain by Reliance Retail, has opened its first store in North India. The outlet is situated at Lulu Mall, Golf City, Lucknow.Followed by the official launch, the ethnic wear brand forayed into jewelry, accessories, and tailoring services. It also collaborated with regional weaver clusters and third-party brands, including Nalli Silks and Pothys. In August 2022, the brand launched its first brick-and-mortar store in Kerala at Oberon Mall, Edapally, which is spread across 5,000 sq ft. Avantra by Trends continues to expand its retail presence across Karnataka and recently opened its fourth store in Bengaluru and two other stores in Mangaluru and Shimoga. Founded in 2006, Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Its retails foods, groceries, jewelry, apparel, footwear, toys, home improvement products, electronic goods, and farm implements under various sub-brands.”…

  • ASUS Unveils Pegasus Store in Lucknow

    20 Jan 2023,www.indianretailer.com
    As a step towards strengthening the brand’s retail footprint across the country, ASUS India, a Taiwanese tech giant has announced the launch of Pegasus store in Lucknow. The new outlets take the mark of the brand’s total retail stores to 3 in Lucknow and 15 in Uttar Pradesh. The premium store features innovative demo zones to offer a premium experience and service to consumers. .”…

  • [Funding Alert] Blue Tokai Bags $30 mn from A91 Partners

    20 Jan 2023,www.indianretailer.com
    Blue Tokai Coffee Roasters has raised $30 million in its latest funding round, led by Mumbai-based investment firm A91 Partners. White Whale Ventures, and existing investors including Grand Anicut Fund and 8i Ventures, also participated in the funding round, which also saw some angel investors sell shares.The coffee brand is expected to have been valued at Rs 650 crore, post the investment round.Data sourced from the research platform Tracxn showed that specialty coffee startups raised $41.1 million in 2022, up from $11.4 million in 2021. These startups compete with established chains such as Starbucks, Cafe Coffee Day, and Barista. Blue Tokai plans to add 200 new stores over the next three years to add its current footprint of 60 stores, Matt Chitharanjan, Co-Founder and CEO, Blue Tokai said.Shivam Shahi, Co-Founder and COO, Blue Tokai said Launched in 2013 by Chitharanjan and Namrata Asthana as a roastery, the company has three roasteries in Delhi, Mumbai, and Bengaluru, and services its pan-India operations from there.”…

  • Godrej Yummiez Expands Product Portfolio, Unveils Veg Combo Pack

    20 Jan 2023,www.indianretailer.com
    Godrej Yummiez, a brand of vegetarian and non-vegetarian ready-to-cook products, has introduced a special Godrej Yummiez Veg Combo Pack, that includes your favorite Cheese corn nuggets, Crispy Potato Starz and Paneer Pops; all in a single pack. “…

  • ‘Namasthe World’ Launces in Indian Markets

    20 Jan 2023,www.indianretailer.com
    In line with the government’s “Atmanirbhar Bharat Abhiyan”, Namasthe World, a newly formed children’s toy and gaming brand based out of Hyderabad has announced its launch promising to offer a holistic 360-degree experience in physical toys, digital content, edutainment centric games and casual games for kids. ‘Namasthe World has inked a deal with Rowan’s and Hamley’s as the official distribution partners and hence all the products will be available across Hamley’s stores and other sub-brands of Rowan’s both physically and digitally. Namasthe World has a very strong in-house design team and aims to take on the deluge of Chinese toys into the Indian market. The ultimate aim is to provide a boost to homegrown toys and local artisans. Catering to a wide age group of 3+ years to 99+ years, Namasthe World aims to reach out to parents and children not only in India but diaspora audiences in USA, UK, Europe, and UAE. The pricing for the toys would range between Rs 500-10,000. The toys are already in production with a number of exclusive manufacturing partners and digital assets are being developed in partnership with top gaming companies. “…
  • Budget Expectations: Retailers seek tax cuts to fight cheap smuggled items
    19 Jan 2023, retail.economictimes.indiatimes.com
    “The high taxes are creating a huge demand for smuggled and counterfeit products across the country and are forcing millions of small and impoverished shopkeepers to deal with criminals and be part of this illegal activity,” the Federation said in a statement.”…
  • India bags Samsonite’s 2nd-largest market tag, overtakes China in last calendar year
    19 Jan 2023, retail.economictimes.indiatimes.com
    “To be sure, Samsonite’s China sales stood at $228 million in 2021 compared with India that clocked $140 million. India’s revenues stood at $99 million during the six months ended June 2022 while China’s were $76 million. The annual numbers have not been announced yet.”…
  • B2B e-commerce platform Udaan shipped over 1.7 bn products in 2022
    19 Jan 2023, retail.economictimes.indiatimes.com
    “Udaan also shared that 586 sellers registered on the platform sold products worth Rs 1 crore during the calendar year 2022. “…
  • Jubilant Food Works brings US chicken brand Popeyes to Chennai
    19 Jan 2023, retail.economictimes.indiatimes.com
    “Consumers across the world love the Louisiana style Cajun flavours of Popeyes. As a company, we are focused on bringing the finest taste of our brands, building it and expanding it to multiple cities. We offer consumers a chance to enjoy the unique blend of spices and Cajun flavoured fried chicken,” company CEO and MD, Sameer Khetarpal said. “Our launch in Chennai with the first store at Phoenix Marketcity mall is a testament to that commitment of the larger strategy.”…
  • D2C dairy brand Sid’s Farm raises $1 million in a bridge round from its customers
    19 Jan 2023, retail.economictimes.indiatimes.com
    “The company shall use this fund for new product development, infrastructure upgrades, deeper retail penetration and digital transformation in order to gear up for future trajectory. “We have been bootstrapped all these days and I cannot be thankful enough for our customers who have come forth and placed their trust in our vision by investing in our brand”, said Dr Kishore Indukuri, Founder & MD at Sid’s Farm.”…
  • ReshaMandi registers 3 times revenue growth at Rs 1,248.3 crore in first 3 quarters of FY23
    19 Jan 2023, retail.economictimes.indiatimes.com
    “Further, the startup plans to grow internationally by entering the US and Europe. Besides its present offerings in silk, cotton, viscose and linen (both national and international), ReshaMandi aims at broadening its focus in natural fabrics to include materials such as wool, jute and blends while experimenting with categories such as sisal and banana. “…
  • Revenue of leather apparel and accessories sector to shrink 7-8% in fiscal 2024
    19 Jan 2023, retail.economictimes.indiatimes.com
    “The decline in revenue is expected because of the slowdown in consumer demand in Europe and the United States, which are key markets for Indian exporters. 85-90 per cent of the USD 2.25 billion Indian leather apparel and accessories produced in the country are exported, with Europe and North America accounting for 75 per cent of orders.”…
  • India’s GDP will hit $26 trillion by 2047, says EY report
    19 Jan 2023, retail.economictimes.indiatimes.com
    “The study, titled “India@100: Realizing the Potential of a US$26 Trillion Economy,” was launched by Ashwini Vaishnaw, the Railway and IT Minister, on the sidelines of the World Economic Forum in Davos, Switzerland.”…
  • Developing ecommerce and retail business with Mason’s data-driven approach
    19 Jan 2023, retail.economictimes.indiatimes.com
    “In fact, out of 13 million kirana stores — over 70% of stores in urban areas & over 37% of kiranas in rural regions are ready to embrace technology to offer a more convenient experience to their customers. “…

  • Footwear giant Pou Chen to set up manufacturing unit in Tamil Nadu

    19 Jan 2023, www.thehindubusinessline.com
    ” Pou Chen Corporation, the world’s largest contract manufacturer of branded athletic and casual footwear, is planning to set up a new manufacturing facility in Tamil Nadu. According to sources, the Taiwan-based footwear giant is in advanced stages of finalising the location for the unit, which is likely to attract an investment of over ₹500 crore. “It will be a mega project for sports shoe manufacturing,” the source told Founded in 1969, Pou Chen Group currently has manufacturing units and retailing sites in Taiwan, China, Indonesia, Vietnam, the United States, and Mexico. It caters to Nike, Adidas, Puma and several other global brands. “…
  • United Colors of Benetton India partners with FM Logistic India to run its omnichannel warehousing operations
    19 Jan 2023, retail.economictimes.indiatimes.com
    “With this association, FM will deploy plug-and-play comprehensive supply chain and IT solutions for the brand’s overall operations. Additionally, UCB will be provided with value-added services like labelling, repackaging and manage returns & refurbishments.”…
  • Indian toy brand Namasthe World inks distribution pact with Rowan’s, Hamley’s
    19 Jan 2023, retail.economictimes.indiatimes.com
    “Under the partnership, Namasthe World’s products will be available across Hamley’s stores and other sub-brands of Rowan’s both physically and digitally. The company has identified India, the USA, the UK, Europe, and UAE as its key markets. The pricing for the toys would range between Rs 500 to Rs 10,000.”…
  • Shark Tank India 2: Pitchers amaze judges by showcasing drones for shopping malls
    19 Jan 2023, www.indiatvnews.com
    “Three young entrepreneurs — Oshi Kumari, Arth Chowdhary and Devyant Bhardwaj — have left the ‘Shark Tank 2’ judges in awe of their innovative business concept of making drones affordable to customers and introducing them in shopping malls.”…
  • Mango triples India presence, launches menswear collection
    19 Jan 2023, fashionunited.in
    “European fashion group Mango has tripled its presence in India in the past two years, where the company has also launched its Mango Man collection.”…
  • Marks & Spencer expands retail presence in India with store in Indore
    19 Jan 2023, fashionunited.in
    “The new store located at the Phoenix Citadel Mall with an area of 13,000 square feet will retail men’s, women’s, and children’s wear as well as accessories, lingerie, lifestyle goods, and beauty goods among other products. “…
  • Will Budget 2023 fulfill what Indian retail sector needs?
    19 Jan 2023, www.livemint.com
    “The Indian retail market is expected to grow to USD 1.4 trillion by 2030, up from USD 0.80 trillion in 2020, due to factors such as urbanization and income growth. The retail sector has experienced one of its most challenging periods due to the pandemic crisis in 2020-21. This has shown that the sector is in need of a catalyst to revive.”…
  • Dabur NewU Expands Offline Presence, Opens 6 Stores Pan India
    19 Jan 2023, www.indianretailer.com
    “Dabur NewU, a chain of beauty and lifestyle retail stores, announced the expansion of its retail footprint with the launch of six new exclusive stores, taking the NewU store network to over 100 outlets.”…
  • Dabur NewU Expands Offline Presence, Opens 6 Stores Pan India
    19 Jan 2023, www.indianretailer.com
    “Dabur NewU, a chain of beauty and lifestyle retail stores, announced the expansion of its retail footprint with the launch of six new exclusive stores, taking the NewU store network to over 100 outlets.”…
  • Tasva Expands Offline Presence, Opens First Store in Jaipur
    19 Jan 2023, www.indianretailer.com
    “Tasva has strengthened its retail presence with the launch of its first store in Jaipur. Located at Mirza Ismail Road, the store is Tasva’s 33rd franchise outlet in India, Tanveer Kaur, Business Development Manager – North India at Tasva announced in a LinkedIn post.Aditya Birla Fashion and Retail Ltd. (ABFRL) partnered with couturier Tarun Tahiliani to launch Tasva as a men’s ready-to-wear brand in December 2021 within a year of announcing its investment in Tahiliani’s eponymous brand. In October 2022, Tasva made its e-commerce marketplace debut with Myntra, until then it was retailed on its own website.As a part of ramping up its offline presence, Tasva launched more than five stores in December 2022 at different locations. The two brands have since developed and launched the brand Tasva.Followed by the launch of its first store at Malleshwaram, Bengaluru in December 2021, Tasva opened two more stores in the same month in Delhi and Mumbai. “…
  • SNITCH Crosses 100 cr ARR within 2 years of Inception
    19 Jan 2023, www.indianretailer.com
    “Incepted to deliver a vibrant and stylized fashion experience to millennials, Snitch debuted to the D2C and e-commerce fashion industry with 30 products in 2022, and added 2500+ styles to its website by the end of 2022. The brand designed to offer limitless and experimental fashion witnesses soars in its annual revenue by 120 percent.Ready to experiment, the youth is exposed to international fashion trends, largely contributing to the rise in demand for limitless fashion. This D2C fashion brand achieved traction quickly under its exclusive collection, thereby raising consumers’ intent to purchase products online. In a short time, the brand has revolutionized the Indian fashion landscape making it convenient and affordable for its customers to stay in the league of world-class fashion trends.Snitch receives 95% of orders from its own website, snitch.co.in, signaling the tectonic shift in the e-commerce sector. Witnessing such a radical change in the adoption of limitless fashion, the brand now records 2000+ orders every day which has led Snitch to become one of the fashion brands to attain 100 crores in just 2 years. “…
  • 4 speciality retailers with ‘Strong Buy’ & ‘Buy’ recommendations & upside potential of up to 37%
    19 Jan 2023,economictimes.indiatimes.com
    “The name retail would normally bring to mind a large store with hundreds of products being sold under one roof. While that is one form of retailing industry. In the last few years many specialty retailers have got listed in the market. Retailers with one line of product, could be just clothes, shoes, jewellery or any other single product. Those are coming in the limelight as their operating matrix tends to be different from large format retail “…
  • 4 speciality retailers with ‘Strong Buy’ & ‘Buy’ recommendations & upside potential of up to 37%
    19 Jan 2023,economictimes.indiatimes.com
    “The name retail would normally bring to mind a large store with hundreds of products being sold under one roof. While that is one form of retailing industry. In the last few years many specialty retailers have got listed in the market. Retailers with one line of product, could be just clothes, shoes, jewellery or any other single product. Those are coming in the limelight as their operating matrix tends to be different from large format retail “…
  • Happier Skincare Eyes to Foray into the Middle East
    19 Jan 2023,www.indianretailer.com
    “North India-based Happier Skincare is planning to foray into the Middle Eastern market with a focus on the United Arab Emirates and Saudi Arabia. The brand will take the e-commerce route to expansion. Established in 2022 and headquartered in Delhi NCR, the skincare brand offers clean, efficacious holistic beauty products that are made with superfood-based ingredients.Since its launch, the brand has focused on omnichannel distribution. “…
  • ‘Namasthe World’ Launces in Indian Markets
    19 Jan 2023,www.indianretailer.com
    “In line with the government’s “Atmanirbhar Bharat Abhiyan”, Namasthe World, a newly formed children’s toy and gaming brand based out of Hyderabad has announced its launch promising to offer a holistic 360-degree experience in physical toys, digital content, edutainment centric games and casual games for kids. ‘ The ultimate aim is to provide a boost to homegrown toys and local artisans. Catering to a wide age group of 3+ years to 99+ years, Namasthe World aims to reach out to parents and children not only in India but diaspora audiences in USA, UK, Europe, and UAE. The pricing for the toys would range between Rs 500-10,000. The toys are already in production with a number of exclusive manufacturing partners and digital assets are being developed in partnership with top gaming companies. The toy industry is poised for great growth with a projected size of $2.73 billion by 2027 and growing at 12.6 percent CAGR. “…
  • Clovia appoints Nikhil Gulati as Head of Brand Marketing
    19 Jan 2023,apparelresources.com
    “India’s premier D2C fashion, lingerie and personal care brand Clovia has appointed Nikhil Gulati as its Head of Brand Marketing.Having over 10 years of experience in senior business and marketing roles, Nikhil will be responsible for all the brand, social and content efforts across media and to grow awareness, recall and consideration of the brand.Nikhil holds an MBA degree from IBS Hyderabad and a PG certificate in Digital Marketing & Communication from MICA.His areas of expertise include brand strategy, media planning, marketing communications, digital marketing & data analytics. Prior to joining Clovia, Nikhil was heading Media Planning at CARS24 and was responsible for new user acquisition. He was instrumental in the launch of the brand’s campaign with MS Dhoni as well as his strategic partnership with the IPL team Sunrisers Hyderabad.On his appointment, Neha Kant, Founder & CRO, Clovia, said, “We are delighted to welcome Nikhil to the Clovia team. Under Nikhil’s leadership, Clovia aims to accelerate its efforts to engage with the audience through different mediums. Nikhil’s entrepreneurial experience will definitely serve as a strong asset in Clovia’s journey ahead. His expertise in consumer marketing and profound understanding of consumer behaviour will be crucial in establishing our marketing strategy and solidifying our position as the market leader in the direct-to-consumer sector.”Nikhil Gulati said, “I am excited to embark on this new and uniquely challenging journey with Clovia. What excited me the most was the interesting communications, which Clovia has built over the years. My aim is to further the brand’s vision to normalise conversations around women’s innerwear, a topic that has largely been a taboo till now. I hope to create richer and more engaging experiences that propel these conversations to the limelight and continue to engage with the customers in a way that reflects the ethos of Clovia.”It can be mentioned here that Reliance Retail Ventures has 89 per cent stake in the brand Clovia.Clovia ships almost 700,000 products a month and has a customer base of 3 million+ customers across online and offline in 2500+ cities.Shraddha Kapoor is the first brand ambassador of Clovia”…
  • Stella Moto to Expand Retail Footprint in India
    19 Jan 2023,www.energetica-india.net
    “Stella Moto (by Jaidka Group) announced its plans to expand its retail footprint in India to capitalize on the electric scooter boom.The Company will focus on scaling up operations within Tier-1 cities like Karnataka, Maharashtra, Telangana, Andhra Pradesh and Delhi while aggressively expanding their presence in micro Tier-2 and Tier-3 markets.The company targets the expansion of its dealership network reach. The brand also plans to target sub-dealers apart from the primary dealers while expanding its footprints. To attract dealers, Stella Moto has simplified the application process and taken the entire procedure online. Simultaneously, it has also launched its partner program, that will provide training, certifications and marketing to its business partners, helping them set up a successful electric scooter business. To support this further, Stella is also assuring adequate dealership margins to ensure viability for its dealer network.Commenting on the rapid expansion & growth, Nakul Jaidka –CEO & Founder Stella Moto said, “Stella Moto’s network presence is strategically expanding, which is a testimony to the encouraging response received from our customers and dealer partners. Today, Stella, in a very short period, has already established intensive sales & post-sales network, which has built a strong sense of confidence among its customers across the country. An increasing network presence will help us address demand across segments and strengthen customers’ trust in our brand.” Stella Moto has recently announced its RTO-approved electric Scooter Buzz. The Company shall further launch it’s delivery two wheeler model shortly in the coming months, targeted to redefine the delivery space.The Group company, Jaidka, a long-standing pioneer in the automobile business for over 80 years, has two manufacturing units at Howrah, West Bengal and Hosur, Tamil Nadu, with manufacturing capabilities of 20,000 vehicles per annum.It aims to expand its Manufacturing set-up further to 100,000 units. The Company plans to achieve 100% localization by 2024. “…
  • Third Wave Coffee Expands Presence in Bengaluru, Opens 43rd Store
    19 Jan 2023,www.indianretailer.com
    “Third Wave Coffee (TWC), manufacturer and distributor of easy coffee bags, has launched a new outlet at Sahakarnagar, Bengaluru, announced Sripad Rao, Business Development South India, Third Wave Coffee in a LinkedIn post. The newly opened store is the brand’s 43rd outlet in Bengaluru and 87th in the country.Bengaluru-based Third Wave Coffee is founded by Sushant Goel, Ayush Bathwal, and Anirudh Sharma in 2016. The coffee brand is run by Heisetasse Beverages Private Ltd., an Indian company that has cafes across different Indian cities namely Hyderabad, Coonoor, Bengaluru, Delhi, Mumbai, Chandigarh, and Pune. The name Third Wave Coffee takes its inspiration from the “Third Wave Movement” that began in the US during the 1990s. It was a movement that changed how coffee was brewed by focusing on high-quality and single-origin beans.TWC offers a blend of Arabica coffee and beans sourced from 14 different estates in North Karnataka that are brewed at its own fully equipped center. The brand also offers several specially crafted blends.In November 2021, the QSR startup launched its flagship store in Delhi at the hip M-block market in Greater Kailash II. In June 2022, it opened another flagship store in Bengaluru, at Lavelle Road.The coffee quick-service brand has raised $6 million in a series A funding round in 2021 and the brand used funds for a pan-India expansion. Within the span of two years, TWC has opened more than 60 outlets across India. “…
  • Earth Rhythm Expands Make-Up Portfolio
    19 Jan 2023,www.indianretailer.com
    “India’s leading home-grown smart and safe skincare brand, Earth Rhythm has expanded its make-up category with the launch of its Matte Set Go Hydrating Face Foundation in 14 shades, a rarity for start-up beauty brands (Priced at Rs 695) and 13 shades of Airy Weary Lip Mousse (Priced at Rs 615) – two multifaceted products that promise the consumer ‘Skincare in Makeup’. India’s online cosmetics and personal care market has grown dramatically in recent years due to extensive e-commerce usage. According to a recent Euromonitor International Study, the Indian beauty and personal care market is the ninth largest in the world with a $15 billion overall market value and a 10 percent annual growth rate. The market is anticipated to double by 2030, with skincare and cosmetics driving the increase.Earth Rhythm’s expansion of its beauty segment is in line with its brand’s ethos of creating safe skincare and now safe ‘Skincare in Makeup’ products that are enriched with essentials that protect and nourish the skin.The new beauty products by Earth Rhythm will be exclusively available online at Nykaa’s website for the first month. The products will also be accessible in the second and third months on Earth Rhythm’s own website, mobile application, and at the company’s physical kiosks. Consumers will be able to purchase the products starting in the fourth month on popular online marketplaces like Amazon, Flipkart, Purplle, and others. While the Matte Set Go Hydrating Face Fluid and the Airy Weary Lip Mousse will be part of the initial launch, the brand will be coming up with a strobe cream as well in the future. Launched in 2019, Earth Rhythm has grown by over 500 percent between FY21-22 and is targeting a Rs 90 to 100 crore ARR for FY 2022-23. The brand is prepared to launch 70+ kiosks in India and international markets (the Middle East and the US) over the course of the year.
    “…
  • OBEETEE CARPETS Opens Flagship Store in Hyderabad
    19 Jan 2023,www.indianretailer.com
    “OBEETEE CARPETS, a world-renowned leader in the handwoven carpet industry, has opened its new flagship store in the prime location of Jubilee Hills, Hyderabad, which features the brand’s most exquisite designs. The legendary carpet brand with its latest store has set a new record for providing its customers with a luxurious experience. Driven by excellence and quality craftsmanship, the store gives everyone a glimpse of the magnificent artistry of their rugs through the wide array of collections available at the Hyderabad store. Designed by Design 21, the store has been planned in accordance with a ‘level to level’ setting with the goal to exude charm like none other. The store is multilevel in nature and highlights the intricacy and quality that the carpets represent while providing a perfect backdrop for OBEETEE CARPET’s rich collection of carpets and their craftsmanship. Apart from its rich legacy in the carpet industry, the brand is also well-known for its finest teas and hospitality.”…
  • Pilgrim Onboards Konark Gaur as CMO
    19 Jan 2023,www.indianretailer.com
    “Pilgrim has announced the appointment of Konark Gaur as Chief Marketing Officer. Konark, ex-Business Head at Marico Limited, brings almost two decades of experience in effectively building successful businesses in India and global markets. His expertise in scaling up businesses from the ground up will bolster Pilgrim’s journey to be a strong player in the Personal Care space. With Pilgrim eyeing 3x the current run rate in 2023, Konark will closely lead the marketing efforts in introducing new categories in the beauty and personal care ranges. Konark’s striding career spans over 18 years having built strategy and innovation for leading Indian and Global consumer brands for blue chip FMCG companies. Prior to increasing the food footprint of Marico as their Business Head, he worked with Sebamed as the Chief Marketing Officer and led the brand to achieve 3X growth in a short span of time. Pilgrim further aims to accelerate its momentum this year from 2022. In 2022, the brand onboarded Kalki Koechlin as the brand ambassador for their France-based Vinotherapie range. Furthermore, they entered two new categories in the personal care range—lip care and body care and have introduced three new international ranges from Spain, Australia, and the Amazon Rain Forest. .”…
  • Hindware and Groupe Atlantic’s JV begins production of heating appliances at ₹210-cr worth plant
    18 Jan 2023, retail.economictimes.indiatimes.com
    ITC will acquire 100 per cent of Yoga Bar’s parent company Sproutlife Foods Private Limited (SFPL) over a period of 3 to 4 years. The company said that it will acquire 47.5 per cent stake in SFPL, in tranches, by March 31, 2025. ITC will Invest Rs 175 crore for the acquisition of 39.4 per cent stake, which is to be completed by February 15, 2023, and will further infuse Rs 80 crore for the remaining of 47.5 per cent stake, by March 31, 2025, it said in a BSE exchange filling…
  • Lottee to invest Rs 450 cr in Havmor Ice Cream in 5 yrs; to boost manufacturing capacity
    18 Jan 2023, retail.economictimes.indiatimes.com
    Lotte Confectionary, which acquired Havmor Ice Cream for Rs 1,000 crore in December 2017, has positioned the home-grown brand in the mass affordable segment…
  • Britannia watching Reliance’s FMCG strides very closely, says Varun Berry
    18 Jan 2023, retail.economictimes.indiatimes.com
    In his first interview since succeeding group promoter Nusli Wadia in October last year who is now chairman emeritus of the group, Berry said: “Reliance has very deep pockets, so we’ll have to watch out. We’ll have to treat this as a very, very dynamic and a very quick changing scenario and make sure we match our steps.”…
  • Malls, brands at loggerheads over rent hikes
    18 Jan 2023, retail.economictimes.indiatimes.com
    While discussions have started, industry insiders said large retailers are opposing the move given the number of stores they operate. Malls typically sign nine year agreements with the retailers with a rental hike of 15% every three year. But by increasing the rent 5% each year, retailers will have to shell out about 17% in lease cost in three years.”…
  • Xiaomi India’s Sumit Sonal resigns
    18 Jan 2023, retail.economictimes.indiatimes.com
    Sonal announced his resignation in a LinkedIn post, stating “it’s time for me to move on to new adventures, challenges, and opportunities.” Sonal joined Xiaomi India in 2017 and was a familiar face at the company’s launch events.”…
  • LG invests Rs 200 crore to start premium refrigerator production in India
    18 Jan 2023, retail.economictimes.indiatimes.com
    Hong Ju Jeon, managing director of LG Electronics India said, localization has been a key differentiator as we have continuously developed products based on Indian insights. “Last year we started manufacturing window inverter AC in India at our Noida manufacturing facility, this year we are starting side by side refrigerator production,” he said.”…
  • Surge in prices hits gold jewellery sale in 2023’s first wedding season
    18 Jan 2023, retail.economictimes.indiatimes.com
    Gold prices in the international market have seen a rally in the past couple of months. Gold price (22 karat) in Kolkata market increased from Rs 52,680 per 10 gm on December 16, 2022 to Rs 55,700 on Monday. While the city jewellers were hopeful of bullish sales this year given a more- than-expected response from buyers during Dhanteras and Diwali, gold prices increased steadily after that. On October 20, last year the gold price in the city market (22 karat) was Rs 48,885 per 10 gm.”…
  • D2C brand WOW Skin Science joins ONDC network
    18 Jan 2023, retail.economictimes.indiatimes.com
    Through this partnership, WOW Skin Science will be open to buyers from all ONDC seller apps, thus helping the personal care brand expand its presence. The ONDC network is currently live in 85 cities across the country.”…
  • Reduce import duty to curb gold smuggling: Malabar Group Chairman MP Ahammed
    18 Jan 2023, retail.economictimes.indiatimes.com
    India needs a robust gold policy which will rationalise gold import duty to curb gold smuggling, boost exports of gems and jewellery and empower organised jewellery retail to capture the domestic gold jewellery demand spectrum with ethically sourced gold, says M.P. Ahammed, founder and chairman, Malabar Gold & Diamonds, in an exclusive interview.”…
  • Coffee firm Blue Tokai has $30 million in new raise
    18 Jan 2023, retail.economictimes.indiatimes.com
    The Gurugram-based company’s latest capital raise comes on the back of other new age specialty coffee firms also drawing increased consumer and investor interest.”…
  • Consumer goods firms step up packaged foods play as demand rises after covid-19
    18 Jan 2023, www.livemint.com
    Packaged food launches are picking up as large consumer goods companies try to capitalize on the rising demand for ready-to-cook meals, snacks, edible oils, pulses and juices amid a shift in consumer preference from unbranded to branded products since the outbreak of the pandemic. “…
  • Ocado Retail’s profit squeezed as even wealthy Britons cut back
    18 Jan 2023, retail.economictimes.indiatimes.com
    The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, said on Tuesday its customers were cutting back on the number of items they buy and shopping less frequently, with rivals highlighting that more people are also choosing to buy in store rather than online.”…
  • 70% growth in 5G smartphones shipments in 2023: CMR
    18 Jan 2023, retail.economictimes.indiatimes.com
    5G smartphones are expected to capture a potential 45% share of the market in CY2023 from a mere 4% in CY2020. The research firm said after around 100 5G smartphones were launched in the market in 2022, close to 75% of the new smartphones launching this year will be 5G supported.”…
  • ‘Luxury brands will leverage connected TVs’
    18 Jan 2023, www.livemint.com
    Connected television penetration in India is likely to grow at a staggering pace over the next two years from 20-22 million units which accounts for about 10% of TV homes to around 50 million by 2025, with urban India witnessing maximum growth, GroupM-owned Wavemaker India, a marketing firm, said in its report, Spotlight23.”…
  • Is Indian Retail Market Ready For Another Covid Wave?’
    18 Jan 2023, www.businessworld.in
    According to the Retailer Association of India (RAI), sales in India fell by 79 per cent during the pandemic compared to pre-pandemic levels. With a new variant of Covid already making its entry, it becomes critical for the retail industry to be ready for the impact of the pandemic”…
  • Dabur NewU Expands Offline Presence, Opens 6 Stores Pan India’
    18 Jan 2023, www.indianretailer.com
    Dabur NewU, a chain of beauty and lifestyle retail stores, announced the expansion of its retail footprint with the launch of six new exclusive stores, taking the NewU store network to over 100 outlets.”…
  • Marks & Spencer expands retail presence in India with store in Indore’
    18 Jan 2023, in.fashionnetwork.com
    The new store located at the Phoenix Citadel Mall with an area of 13,000 square feet will retail men’s, women’s, and children’s wear as well as accessories, lingerie, lifestyle goods, and beauty goods among other products. M&S sees huge potential for growth in the Indian market and has plans to ramp up stores in India by opening a store every month.Commenting on the store launch, Ritesh Mishra, managing director at Marks & Spencer Reliance India Ltd, in a statement said, “Customers in Indore have shown us a lot of love, and we are thrilled to open our second store in the city today. Indore has an appetite for fashion, seeking the quality and style that M&S provides its customers.””…
  • Da Milano Expands Offline Presence, Opens 7 New Stores’
    18 Jan 2023,www.indianretailer.com
    Da Milano, renowned for its authentic Italian design and artisanship, is thrilled to announce the launch of 7 new stores in India within one month. Having 6 stores in UAE – 5 in Dubai, and 1 in Sharjah, Da Milano is elated to bring its international presence to the forefront. The brand also houses 1 store in Bahrain and 1 in Nepal, enshrining its founding ethos of style, inclusivity, and rich grandeur. Founded in 1989, the brand is endowed to have an eye for design, a professional team, and good channel facility partners- all of which have helped the brand expand beyond borders among its ever-growing clientele. Today with over 80 stores across India, in all major metropolitan cities, the brand has established itself as the one-stop solution for quality leather products across the nation. Understanding the demand for designer articles and overall aesthetics in the Indian market, Sahil Malik has built a brand that competes with none and is at par with leading International brands. Reflecting this tremendous journey of evolutionary growth and luxurious splendor, each store reflects the values and ethos of the iconic brand. “…
  • Ethnix expecting to have 150 stores by FY ’24’
    18 Jan 2023,apparelresources.com
    India’s leading fashion and textile company Raymond has big plans for big fat Indian weddings.It is geared up to capture a higher share of the wedding market and to leverage its brand and distribution network.As per media reports, in last one-and-a-half years, the company has rolled out 45 stores of Ethnix which is its ethnicwear brand and the store count can increase to 80 by the end of FY ’23 and 150 by the end of FY ’24.Apart from this, Raymond also has an existing network of 1500 stores, some of which will also be selling ethnicwear products.Amit Agarwal, Group CFO, Raymond said, “We have renewed focus on the wedding segment. We understand this market well since we have been catering to these customers for so many years.”Wedding season is one of the most important focus areas for majority of Indian retailers and brands.As per a report, India’s wedding market size for the months of November and December was estimated to be Rs. 3.8 lakh crore, of which branded apparel formed Rs. 50,000 crore.”…
  • Ethnix expecting to have 150 stores by FY ’24’
    18 Jan 2023,www.indianretailer.com
    EcoSoul Home, one of the leading global players in the eco-friendly home products industry, is all set to introduce the brand in India. The company is launching all of its global SKUs in India, including cutlery, garbage bags, and tableware made of palm leaf and bagasse, along with PLA-based items including tableware and trash bags, whereas concentrating on meeting the local demands of Indians.”…
  • Zlade Partners with BIC, Launches Shaving Razors in India
    18 Jan 2023,www.indianretailer.com
    Zlade, a home-growndigitally native, omnichannel personal care brand that has been on a rapid rise in this industry, has inked an exclusive partnership with BIC, a leading manufacturer of shavers and razor blades to introduce a complete portfolio of men’s and women’s shaving razors to India. With over 75 years of experience in the industry, BICas an industry veteran will lend its manufacturing expertise to Zlade in a bid to offer superior quality smart shaving solutions.”…
  • Sugar Cosmetics Appoints Nirav Jagad as Chief People Officer
    18 Jan 2023,www.indianretailer.com
    Beauty brand Sugar Cosmetics has brought on board Nirav Jagad as its chief people officer to oversee all aspects of talent and culture initiatives, said a statement issued. In this role, Jagad will drive strategic and transformational results while working closely with the leadership of the company and its diverse cross-functional team across India. “…
  • Hindware and Groupe Atlantic’s JV begins production of heating appliances at ₹210-cr worth plant
    17 Jan 2023, thehindubusinessline.com​​
    The JV would sell 70% of the heating appliances in India with the remaining 30% going to SAARC and other markets served by Groupe Atlantic…
  • Raymond has big plans for big fat Indian weddings
    17 Jan 2023, retail.economictimes.indiatimes.com​​
    Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership and delivery before schedule…
  • Activewear brand Zymrat starts a community-led fundraising initiative
    17 Jan 2023, apparelresources.com​​
    Zymrat – a promising Indian activewear brand for men – has launched Community Subscription Offer Plan (CSOP) in partnership with Tyke which is a firm that provides tools for making private investing digital and accessible…
  • Flatheads launches limited edition collection of fibre-based sneakers
    17 Jan 2023, apparelresources.com​​
    Flatheads – a homegrown D2C brand of apparel and fibre-based sneakers – has launched a limited-edition collection of sneakers made up of synthetic knit fibre…
  • Vishal Bhola, MD of Whirlpool of India Resigns
    17 Jan 2023, indianretailer.com​​
    Whirlpool of India said its managing director Vishal Bhola has resigned from the post. The company has appointed Narasimhan Eswar as Managing Director (MD) and Additional Director…
  • EcoSoul Home Forays into Indian Markets
    17 Jan 2023, indianretailer.com​​
    EcoSoul Home, one of the leading global players in the eco-friendly home products industry, is all set to introduce the brand in India. The company is launching all of its global SKUs in India, including cutlery, garbage bags, and tableware made of palm leaf and bagasse, along with PLA-based items including tableware and trash bags, whereas concentrating on meeting the local demands of Indians…
  • DaIndian Retail Jewellery Industry Gears Up For A Populist Budget Providing Shelter From Global Recession
    17 Jan 2023, indianretailer.com​​
    The Indian gem and jewelry industry is treating 2023 as a panorama of seamless opportunities. Technology and trends enrolled precious color gemstones into the Gen-Z fashion sense in 2021 and 2022. Lab-grown diamonds, treated to be an onslaught on the global natural diamonds business, is now making its presence known to a fairly informed customer cohort, who inclines to LGDs for pleasure, and natural diamonds for long-lasting investment value. Therefore, all eyes are on February 1 for the Union Budget 2023-24, as jewelers across the country expect clarity and SOPs to better serve the end-consumer…
  • Da Milano Expands Offline Presence, Opens 7 New Stores
    17 Jan 2023, indianretailer.com​​
    Da Milano, renowned for its authentic Italian design and artisanship, is thrilled to announce the launch of 7 new stores in India within one month. These stores will be located in Indore, Amritsar, Goa, Lucknow, Ahmedabad, Hyderabad, and Pune, expanding the brand’s presence across the country. The company is proud to continue growing its family with each new endeavor…
  • Asics plans to manufacture 30% of goods for local retail in India by 2026
    17 Jan 2023, in.fashionnetwork.com​​
    Japanese sportswear brand Asics plans to increase the amount of products it manufactures in India for retailing in the country to reach 30% of its total products for the Indian market. This would enable the business to open company-owned stores in the country…
  • The Coca-Cola Company’s Costa Coffee Expands Footprint in India; Celebrates Its 100th Store Milestone
    17 Jan 2023, businesswireindia.com​​
    Commemorating the remarkable journey in the country, Costa Coffee, Coca-Cola’s leading coffee brand in the commercial beverage categories in India, celebrates its 100th store milestone at Khan Market in New Delhi, inaugurated in December 2022. In partnership with Devyani International Limited [DIL], Costa Coffee has emerged as one of the most loved coffee brands in India, with a strong retail presence across 30 cities…
  • Mason offers an all-in-one sales engine to help online retailers break free from the Amazon tax
    17 Jan 2023, retail.economictimes.indiatimes.com​​
    Fashion & apparel, beauty & grooming, health & fitness, and F&B are the most common categories – other categories such as pets, baby care, and home are also coming on board…
  • Dabur expands its beauty retail chain NewU
    17 Jan 2023, livemint.com​​
    Dabur India’s beauty and personal care retail chain NewU, on Monday announced the launch of six new stores taking its total store count to over 100 outlets…
  • India plans cheaper finance, easier rules for small retailers
    17 Jan 2023, retail.economictimes.indiatimes.com​​
    The proposal, which could be announced next month in the last full budget before the 2024 general election, aims to revive growth in the smaller physical retail sector which has been hit by the entry of companies such as Amazon, Flipkart, Tata Group-backed BigBasket and Reliance Industries…
  • Spencer’s Retail enters hypermarket format
    17 Jan 2023, retail.economictimes.indiatimes.com​​
    “Spencer’s Value Market is a new-age hypermarket serving modern, well-informed and value-conscious customers. Value Market is all set to launch at six locations, namely, Karimnagar, Warangal, Kurnool, Guntur, Bhimavaram & Vijayanagaram between January 16-23,” Group’s Head- Retail & FMCG, Shashwat Goenka said…
  • Demand for financing schemes set to surge as smartphones get costlier
    16 Jan 2023, retail.economictimes.indiatimes.com​​
    Smartphone financing schemes are set to see a surge with 60-70% of the devices likely to be bought via instalment-based financing plans as average smartphone prices (ASP) are slated to rise in 2023, market trackers and industry executives said…
  • Swiggy rolls out ambulance service for delivery partners
    16 Jan 2023, retail.economictimes.indiatimes.com​​
    Delivery partners can reach the ambulance service instantly by tapping the SOS button on the partner app or through a toll-free number. The current average response time is 12 minutes…
  • Business confidence hit 2-year high in October-December
    16 Jan 2023, retail.economictimes.indiatimes.com​​
    “The confidence among respondents stems from the fact that a significant majority of them (86%) believe that the government’s focus on infrastructure is the biggest positive for the Indian economy, followed by the improvement in tax collections and good consumption recovery,” CII said…
  • Six companies add $1 billion of masala to topline in FY22
    16 Jan 2023, retail.economictimes.indiatimes.com​​
    The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a marginal drop in sales. Overall, combined sales of the six companies were at ₹8,711 crore ($1.07 billion) in the fiscal ended March 2022…
  • Curefoods expects to be profitable by June 2023; aiming to manage 75k orders a day by end of this year
    16 Jan 2023, retail.economictimes.indiatimes.com​​
    Speaking on the online food ordering market, Nagori said it is growing rapidly. He believes the food delivery market will quadruple over the next five years. And it will reach 8-9 million orders a day from the current 3 million figure as the market continues to become more organized. So, he expects the company’s business will continue to grow at about 75 per cent compound annual growth rate (CAGR) for the next 3 years…
  • Three great wines with an Indian connection at Mumbai’s Les Bouchons
    15 Jan 2023, theprint.in​​
    What did India’s loaded set drink during the pandemic? It is said that they sipped a lot of premium tequila and high-end whiskies. Mumbai-based wine importer Sanjay Menon, who has been in the business for over 20 years, adds that they also quaffed some really good wines…
  • American entrepreneur opens start-up in Kashmir
    15 Jan 2023, theprint.in​​
    Srinagar (Jammu and Kashmir) [India], January 15 (ANI): The Kashmir Valley is emerging as a hot spot for budding entrepreneurs, especially from foreign countries…
  • India’s wedding season is here, but for many it’s no longer the bigger, the better
    15 Jan 2023, cnbc.com​​
    Indian weddings are big business. But some of them may not be quite so big this year as they once would have been…
  • TRENDS, Announced The Launch Of Its New Store In Niali Town Of Cuttack District In Odisha
    15 Jan 2023, orissadiary.com​​
    India’s largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, announced the launch of its new Store in Niali town of Cuttack district in Odisha…
  • India’s big retail boom all set to be a premium experience this year
    15 Jan 2023, financialexpress.com​​
    Indian consumers with a taste for the good life have much to look forward to this year, as several high-end lifestyle brands are set to enter or expand in the Indian market. From apparel to accessories, food to beverage, premium is the key word on the retail horizon. And, both e-commerce and offline players are readying for a slice of the pie…
  • LG Electronics India is betting big on B2B segment
    14 Jan 2023, thehindubusinessline.com​​
    LG Electronics India expects the fast-growing B2B segment to contribute nearly 25 per cent to its overall revenues by 2025…
  • D-Mart Q3 Results: PAT rises 7% YoY to Rs 590 cr; misses estimates sharply
    14 Jan 2023, retail.economictimes.indiatimes.com​​
    Avenue Supermarts Ltd on Saturday reported a 6.7% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 590 crore. The bottomline was way below the estimated figure of Rs 672 crore…
  • The untold story of Varun Beverages
    14 Jan 2023, business-standard.com​​
    In today’s Finshots Markets, we explain how Pepsi’s bottling partner is blitzing the market…
  • 10 ways retailers trick you into buying way beyond your planned shopping
    14 Jan 2023, business-standard.com​​
    Sneaky product placements, price baits and bundling are some ruses to get you to pick up stuff only because it looked like a great deal; you may not even end up using much of it…
  • Consumer Price Index. Rural retail inflation in 23 States/UTs higher than urban
    14 Jan 2023, thehindubusinessline.com​​
    Retail inflation, based on the Consumer Price Index for the month of December, was the the highest in two north-eastern States. While Mizoram clocked the highest rate of retail inflation at 13.94 per cent, Tripura saw the maximum urban inflation at 10.43 per cent…
  • Japan’s ASICS plans to use India as global sourcing hub
    14 Jan 2023, retail.economictimes.indiatimes.com​​
    ASICS Corp entered India in 2015 through its subsidiary ASICS India and currently manufactures about 22% of its products in India. Under the foreign direct investment (FDI) guidelines, it cannot open company-owned stores till it manufactures 30% of the products in India. The company plans to promote the running culture in India and it is open to acquisition of a firm which promotes running, said Hirota…
  • Whirlpool of India MD Vishal Bhola resigns
    14 Jan 2023, retail.economictimes.indiatimes.com​​
    Narasimhan Eswar joins Whirlpool of India from Ki Mobility Solutions, where he is currently holding the position of CEO and President, according to a regulatory filing…
  • WOW Life Science Launches Peanut Butter Infused with Superfoods
    13 Jan 2023, indianretailer.com​​
    The Peanut Butter category has seen rapid growth in the past 3 years, and along with this growth, many D2C brands have innovated and given consumers great choices of the same. Leading FMCG and wellness brand, WOW Life Science has launched its new peanut butter range, with a twist…
  • MRPL to open 500 retail outlets by 2025
    13 Jan 2023, thehindu.com​​
    The MRPL is set to expand its retail fuel outlets in South India to have 500 outlets by 2025, MRPL Executive Director (Marketing and Projects) B.H.V. Prasad said here on Friday…
  • MonaB Forays into Indian Markets
    13 Jan 2023, indianretailer.com​​
    USA-based lifestyle brand MonaB has made an online entry into the Indian market through its website and major marketplaces like Amazon, Myntra, Ajio, Tata CLiQ, and Jaypore…
  • Tech Mahindra partners with Retalon to offer digital solutions for retail, consumer packaged goods industry
    13 Jan 2023, brandequity.economictimes.indiatimes.com​​
    Tech Mahindra and Retalon will offer a unified analytic platform that will assist businesses with end-to-end planning, inventory management, supply chain network strategy, pricing and promotion optimisation. This platform will also offer an integrated solution to make better inventory & fulfilment decisions. The companies claim that this platform will help in improving gross margins from 9-12% annually…
  • The rising face of India’s e-commerce industry, and retail trends to watch for in 2023
    13 Jan 2023, cnbctv18.com​​
    The breakthrough made by India’s e-commerce industry seems to be playing a vital role, leading Indian brands to scale greater heights across the global business landscape…
  • Rise Of Tier-2 Cities Fuelling The Growth Of The Facility Management Industry
    13 Jan 2023, outlookindia.com​​
    India has emerged as the world’s fifth-largest global destination in the retail space and is expected to reach a whopping US$ 2 trillion in value by 2032, according to a recent analysis by the Boston Consulting Group…
  • Many more malls on the horizon for Hyderabad
    13 Jan 2023, newindianexpress.com​​
    Hyderabad, which is witnessing strong demand for commercial real estate, is set to get more malls in the near future as realtors see a bright future for a business in multiplexes along with retail space in the coming days…
  • History and significance of ‘mall roads’ in India
    13 Jan 2023, wionews.com​​
    A Mall road may be found in every hill town in India, whether it be Manali, Shimla, or Nainital. But we never considered the origin of the name “Mall Road” for these hip gathering spots…
  • Tesco braces for post-Christmas hangover with more deals
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    For Tesco that led to a better-than-expected 4.3% rise in underlying UK sales in the quarter to Nov. 26, and a 7.2% rise in the six weeks to Jan. 7, making it one of the sector’s stronger performers, along with rival Sainsbury’s and discounters Aldi and Lidl…
  • Sula Vineyards garners highest ever quarterly sales in Q3. Details here
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    The largest wine producer in the country, Sula Vineyards on Friday announced December 2022 quarterly sales figures. In Q3, Sula recorded the highest-ever quarterly gross billings overall in both its own brands and wine tourism business…
  • Sneak peek of gifting in India: Importance of exchange availability
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    Ecommerce platforms have been trying to figure out the gifting problem for quite some time. Especially in a market like India where customers have a hard time trusting online platforms, the gifting experience can have a significant impact on customer perception…
  • India Inc largely optimistic about GDP growing over 6.5%: Survey
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    The survey said business leaders, who are chief experience officers (CXOs), in India are confident that Budget 2023-24 will help fuel economic growth across sectors and industries, amid a potential global slowdown and geopolitical instability…
  • As winter peaks, online fashion sales jump over 16%; footwear and accessories report highest growth
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    The growth in fashion accessories has been driven by the rising consumer interest in products such as perfumes, watches, belts, hats, jewellery, and hair accessories among others…
  • The question of long-lasting sustainability in q-commerce
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    The only way the Q-commerce players can make money is through the bigger basket or earning more margin than these players. Increasing the minimum order value eligible for free delivery is the first logical step for Q-commerce players to make their operations sustainable. The Q-commerce players can hope that the Indian customers will move some of the weekly top-ups, which are of larger basket size than daily fresh purchases and impulse cravings, to Q-commerce players, thus increasing the basket size…
  • B2B FMCG wholesale startup ApnaKlub raises $16 million in funding
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    TrueScale Capital, ICMG Partners lead round. ApnaKlub will use the money to improve its technology and sell its services to more kirana store owners in tier-2 and tier-3 cities…
  • How Global Expansion is on the Cards for Wakao Foods
    13 Jan 2023, indianretailer.com​​
    Launched in October 2020 as a D2C brand, Wakao Foods is currently present on platforms such as Amazon, Flipkart, BigBasket, and CRED. The company also sells pan-India through its website, and counts Hilton, Oberoi, The Grand Hyatt, Marriott, and Radisson among its clients in the B2B space…
  • WickedGud Expands Product Portfolio, Launches Instant Noodles
    13 Jan 2023, indianretailer.com​​
    WickedGud, a D2C health food brand, recently launched instant noodles that are made with the goodness of oats, lentils, whole wheat, millets, and brown rice making them 100 percent maida-free, 100 percent oil-free, and 100 percent free of any harmful chemicals as compared to incumbents…
  • Long queue lines, brimming malls sum up festive spirit
    13 Jan 2023, thehansindia.com​​
    Long queue lines at the billing counters, the trial rooms to the brim, moms on their toes assisting their children to pick up the right attire, dads eagerly wait to wrap up the shopping and clear the bills that pile up with each passing moment…
  • India iPhone breakthrough masks struggle to boost manufacturing
    13 Jan 2023, livemint.com​​
    On paper, India’s chances of attracting global manufacturers look rosy. Apple Inc. began assembling its latest iPhone models in the South Asian nation in a significant break from its practice of reserving much of that for giant Chinese factories run by its main Taiwanese assemblers, a key win for Prime Minister Narendra Modi’s “Make in India” campaign…
  • Goat Brand Labs acquires Chumbak, four other brands as D2C sector sees consolidation set in
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    Deal another fire sale in D2C space, investors Gaja Capital, Matrix Partners exit as part of acquisition…
  • D2C startup Wakefit raises $40 million in funding led by Investcorp
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    Existing investors Sequoia Capital India, Verlinvest and SIG also participated in the funding round…
  • OnePlus plans fresh investments to ramp up India manufacturing
    13 Jan 2023, retail.economictimes.indiatimes.com​​
    At present, OnePlus makes flagship devices in India along with mid-premium smartphones and smart TVs. It has already expanded into IT peripherals with the launch of monitors and will also launch keyboards soon…
  • ITC Engage Unveils One Soul, its First Ever Gender-free Fragrance
    12 Jan 2023, indianretailer.com​​
    ITC Engage, one of India’s leading fragrance brands, strengthened its premium portfolio by introducing its first gender-free fragrance – One Soul. With the launch of this one-of-a-kind, gender-free fragrance, the brand aims to transcend gender boundaries to celebrate inclusive grooming…
  • Bernard Arnault Appoints Daughter Delphine to Run Dior
    12 Jan 2023, indianretailer.com​​
    World’s richest man Bernard Arnault appointed his daughter Delphine to run Christian Dior, the second-biggest brand in his LVMH luxury goods empire…
  • Flipkart Opens Largest Grocery Fulfillment Center in UP
    12 Jan 2023, indianretailer.com​​
    Flipkart, India’s homegrown e-commerce marketplace, launched its third and largest grocery fulfillment center in Sarai Joga of Unnao district, Uttar Pradesh. The facility was inaugurated by Sh. Nand Gopal Nandi, Minister of Industries Export Promotion and NRI, Government of Uttar Pradesh…
  • Ace Turtle appoints CFO and CTO
    12 Jan 2023, indianretailer.com​​
    Bengaluru-based leading technology-driven retail company ace turtle has strengthened its senior management team as it has hired Amit Kriplani as Chief Technology Officer (CTO) and Punit Aggarwal as Chief Financial Officer (CFO)…
  • Shopsy Becomes the Third Most Downloaded App in India in 2022
    12 Jan 2023, indianretailer.com​​
    Shopsy, one of Bharat’s fastest-growing hyper-value e-commerce platforms, has emerged as the third most downloaded Android app in India in 2022. Shopsy has clocked more than 650 percent year-on-year growth according to Sensor Tower, a leading market intelligence and performance metrics evaluation platform…
  • Nona Lifestyle Appoints Shivang Agrawal as its Tech Lead
    12 Jan 2023, indianretailer.com​​
    Nona Lifestyle, the first organized B2B-managed marketplace offering customized corporate merchandise and soft furnishing, announced that the company onboarded Shivang Agrawal as its Tech Lead to strengthen the team…
  • Only 60 pc Indians Feel That Their Home Reflects Their Identity
    12 Jan 2023, indianretailer.com​​
    Home is an extension of one’s identity however, currently, only 60 percent of people feel that their home reflects their identity. While 64 percent of people are worried about personal health and well-being in India, this number constitutes 48 percent globally…
  • BigBasket’s Move to Enter into Offline Retail to Widen its Customer Base in India
    12 Jan 2023, indianretailer.com​​
    Tata Group-owned BigBasket, an online grocery platform recently forayed into offline retail to expand its retail footprint in India…
  • Sandwich chain Subway eyes sale- source
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    The sale could value the sandwich chain at more than $10 billion, the Wall Street Journal first reported…
  • Uniqlo parent Fast Retailing says profit slid 2% in first quarter
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    A day after announcing plans for big wage rises, the company said operating profit had been 117.1 billion yen ($889.82 million) in the three months to November 2022, compared with 119.4 billion yen a year earlier…
  • Jewellery industry wants Repair Policy to make India a global outsourcing service centre
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    Vipul Shah, Chairman, GJEPC, said, “Keeping in view India’s inherent skill in making handmade jewellery, we believe that India will outperform in jewellery repair sector also. With this Policy, India has the possibility of taking 10-20% of the world market share, which will bring in billions of dollars of business with high employment potential.”…
  • Alibaba sells Paytm stake worth $125 million via block deal: Source
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    Alibaba, which held a 6.26% stake in Paytm as at end-September, sold the stake at 536.95 rupees apiece, the source said…
  • Price cap on movie ticket not helpful: IMAX Global CEO Richard Gelfond
    12 Jan 2023, thehindubusinessline.com​​
    Motion picture presentation company IMAX Corporation has set a target to open 100 screens in India in the next five years, but it highlighted specific regulator issues that it encountered while operating in India…
  • Only 60 pc Indians Feel That Their Home Reflects Their Identity
    12 Jan 2023, indianretailer.com​​
    Home is an extension of one’s identity however, currently, only 60 percent of people feel that their home reflects their identity. While 64 percent of people are worried about personal health and well-being in India, this number constitutes 48 percent globally…
  • JeBigBasket’s Move to Enter into Offline Retail to Widen its Customer Base in India
    12 Jan 2023, indianretailer.com​​
    Tata Group-owned BigBasket, an online grocery platform recently forayed into offline retail to expand its retail footprint in India…
  • Jeera prices jump 45% in a month to record high
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    At the Unjha market in Gujarat, the largest market for jeera in the country, prices given to have increased to Rs 320 per kilogramme from Rs 220/kg less than a month ago. The prices had briefly touched Rs 340/kg, traders said…
  • Subway said to weigh potential sale that might top $10 billion
    12 Jan 2023, livemint.com​​
    Subway is exploring a potential sale that could value the sandwich chain at more than $10 billion, according to a person familiar with the matter…
  • Bookstores look to turn the page, expand outlets
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    About half-a-dozen book store chains and independent bookshops, including Crossword, Om, Bahrisons and Starmark are looking to open stores, some even planning to double their store count in the next two-three years, hoping readers would browse their aisles instead of just shopping online…
  • Majority of Indian consumers want red labels on ultra processed food packs and e-commerce listings
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    So far, national regulator Food Safety and Standards Authority of India (FSSAI)’s draft proposal on star rating systems to identify high fat, sugar and salt foods (HFSS) has been resisted by health groups which say the star ratings will not be effective in curbing consumption of unhealthy foods. The regulator has again invited comments from health experts and consumer organisations to address concerns about labelling of packaged foods…
  • Hindustan Unilever completes purchase of 51% stake in Zywie Ventures
    12 Jan 2023, retail.economictimes.indiatimes.com​​
    HUL has completed the acquisition of 51 per cent shareholding of Zywie for a total consideration of Rs 264.28 crore for the first tranche, in accordance with the terms and conditions of the definitive agreements dated 8th December 2022,” according to a regulatory filing…
  • The Label Life Appoints Garima Garg as CEO
    11 Jan 2023, indianretailer.com​​
    GOAT Brand Labs’ celebrity-styled lifestyle brand, The Label Life, has welcomed Garima Garg as its new CEO from December 2022. This is the third leadership hire in the past 6 months for GOAT Brand Labs portfolio companies. The first two being – Pepe Jeans Inner Fashion and Breakbounce…
  • Levi’s® heads to the inaugural edition of the Lollapalooza India
    11 Jan 2023, indianretailer.com​​
    With the belief that music is the truest form of self-expression, Levi’s® has partnered with the first edition of Lollapalooza India 2023 to showcase a diverse representation of creative expression with its one-of-a-kind Tailor Shop with the most unique line-up featuring 12 artists from across India with music community-related designers…
  • Organized Jewelers to Record Revenue Growth of 20 pc in FY23
    11 Jan 2023, indianretailer.com​​
    Organized jewelry retailers in India are expected to continue outpacing the industry over the medium term on the back of industry tailwinds in the form of an accelerated shift in market demand from unorganized retailers and planned expansion of retail presence to capitalize on the tailwinds…
  • Kapsons Retail Expands Offline Space to 3 Lakh Sqft in 2022
    11 Jan 2023, indianretailer.com​​
    When it comes to redefining the online retail space, one may look no further than Kapsons Retail Private Limited; a player backed by the three-decade-long retail legacy of its parent company, Kapsons Group…
  • Kapsons Retail Expands Offline Space to 3 Lakh Sqft in 2022
    11 Jan 2023, indianretailer.com​​
    When it comes to redefining the online retail space, one may look no further than Kapsons Retail Private Limited; a player backed by the three-decade-long retail legacy of its parent company, Kapsons Group…
  • India’s Retail Inflation Remained Steady At 5.90% In December, Says Reuters Poll
    11 Jan 2023, news18.com​​
    Arecent study by a group of economists in collaboration with news agency Reuters has found that India’s retail inflation remained stable in December and within the Reserve Bank of India’s acceptable range for a second month. It was due to a moderate increase in food prices that was partially offset by high core inflation…
  • Reliance Retail to turn Metro stores into destination retail outlets
    11 Jan 2023, business-standard.com​​
    After acquiring Metro AG’s India wholesale business, Reliance Retail is planning to turn the stores into destination retail outlets, The Economic Times reported. These stores will then cater to both trade and consumers…
  • Indore: Lulu Group shows interest in investing
    11 Jan 2023, freepressjournal.com​​
    Chairman and MD of Lulu Group International, Yusuf Ali Mouslem Abdul Kader and director, Ananth AV, met Madhya Pradesh chief minister, Shivraj Singh Chouhan, regarding investment in food processing centre, agri procurement centre in the state and setting up of a mall here in Indore…
  • The Shriram Sanjeevi column: Why F&B outlets dominate the Indian airport retail scene
    11 Jan 2023, moodiedavittreport.com​​
    INDIA. In the latest of a series of articles about travel retail and aviation in India, industry expert Shriram Sanjeevi explores the subject of the balance between food & beverage and retail stores in Indian airports. He sets out the reasons why small F&B outlets tend to dominate and makes recommendations on retail concepts that have the potential to succeed in the nation’s airport environment…
  • Offline shopping, dining out lose steam in November-December
    11 Jan 2023, brandequity.economictimes.indiatimes.com​​
    Kumar Rajagopalan, chief executive of Retailers Association of India (RAI), said while October and November witnessed 17% growth, it couldn’t be termed as spectacular. “Inflation-led worries have dampened the ability of some customers to purchase discretionary products,” he said…
  • Demand for heating appliances up 33% year-on-year: Flipkart
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    “The demand for the heating appliances segment has seen a spike of 33 per cent during October-December period as compared to the same period last year,” Flipkart said in a statement…
  • World Bank sees India growth slowing to 6.6% next fiscal
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    The growth rate of 6.9 per cent in current fiscal year (April 2022 to March 2023) compares with 8.7 per cent in the previous year. For 2024-25, the growth rate is projected at 6.1 per cent…
  • Tatas review super app strategy as sales may miss target by 50%
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    The underwhelming performance of Tata Neu shows the uphill task of taking on entrenched e-commerce rivals such as Amazon.com Inc. and Walmart Inc.’s Flipkart…
  • Celio Appoints Stanton Ambrose as Head of Marketing
    11 Jan 2023, indianretailer.com​​
    French menswear brand Celio has announced the appointment of Stanton Ambrose as its head of marketing. According to the company, Ambrose has a proven track record for delivering innovation and growth to the brands he leads…
  • Retail industry: Year 2022 in review and roadmap ahead for retailers in 2023
    11 Jan 2023, outlookindia.com​​
    Indian retail is a captivating lore in itself. It is worth complimenting how much this sector has evolved over the years while retaining its core value toward its customers…
  • Institutional Investments In Retail Real Estate Jumps Over 6-Fold To $492 Million In 2022: Report
    11 Jan 2023, outlookindia.com​​
    Alternate asset classes, which includes data centres, received an investment of USD 867 million last year, up 92 per cent from USD 453 million in 2021…
  • Indian Retail Industry Looks For Big Relief In Budget 2023
    11 Jan 2023, businessworld.com​​
    The Indian E-Commerce industry is expected to grow by 84 per cent to USD 111 billion by 2024, thanks to the pandemic. Industry players say that the union budget 2023-24 may help the sector in a big way…
  • ‘Made in India’ TV shipments ‘grow’ 33% in Q3
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    The Indian TV market grew in the festive season in 2022 and ‘Make in India’ TV shipments grew 33% on quarter-over-quarter (QoQ) basis in the July-September period to reach 5 million units, a report showed on Tuesday…
  • Indians struggle with clutter, organizing space at home: IKEA
    11 Jan 2023, livemint.com​​
    Indians rate clutter and space management among the top issues when it comes to living at home, according to an in-depth research by furniture retailer Ikea…
  • Offline shopping, dining out lose steam in November-December
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    Kumar Rajagopalan, chief executive of Retailers Association of India (RAI), said while October and November witnessed 17% growth, it couldn’t be termed as spectacular. “Inflation-led worries have dampened the ability of some customers to purchase discretionary products,” he said…
  • Adani Wilmar sees Q3 sales growth in high single digits
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    The growth pace in the second quarter was mostly dragged by a decline in the edible oil business, which is known for Fortune cooking oil.Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore’s Wilmar Group, said packed oil sales increased by high-double digits during the third quarter due to higher in-house and out-of-home consumption…
  • Metro AG stores to cater to both retail and wholesale
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    Metro sold only to business customers such as neighbourhood stores, hotels, restaurants, caterers and others with a business or goods and services tax (GST) licence as its German parent had to comply with India’s norms that only allow 100% foreign direct investment (FDI) in cash-and-carry or wholesale trade…
  • Flipkart marketplace arm gets $90 million cash infusion
    11 Jan 2023, retail.economictimes.indiatimes.com​​
    This is the first cash infusion in Flipkart’s marketplace arm in 2023. The resolution to infuse new capital was approved on December 29, 2022…
  • The Pansari Group Expands its Footprint in Western and Southern India

    10 Jan 2023, indianretailer.com​​
    Pansari Group, the renowned FMCG brand has announced the expansion of its presence in the western and southern Indian markets. The company plans to rapidly expand geographically in both parts of India, along with broadening its product offering…
  • SmartDukaan to open 300 new stores across India
    10 Jan 2023, livemint.com​​
    martDukaan, the tech-based startup that is revolutionizing the mobile retail market in India, is planning to open 300 new stores across the country in 2023 to take the store count to 500…
  • 2023 expected to be good for real estate, says Knight Frank report
    10 Jan 2023, thehindubusinessline.com​​
    It won’t be an overstatement to say that 2022 has proved to be a year of great success for the real estate sector. Dubbed as the turnaround year for segments like residential and retail, the year saw all segments recover from the COVID lows and record significant year-on-year growth…
  • Portfolio expansion. Mamaearth plans new product launch, expand physical store presence
    10 Jan 2023, thehindubusinessline.com​​
    IPO-bound Mamaearth, the brand owner of Honasa Consumer, plans to launch and acquire new brands across new value propositions and price points and enter new categories…
  • Amul needs to remain a revolutionary brand
    10 Jan 2023, livemint.com​​
    As brand stories go, Amul’s is remarkable. Not only is it truly unique in a world of similar sales propositions with pretences to uniqueness, it is a fine example of public sector success, an ode in its own right to cooperative commerce…
  • Luggage industry registers best-ever sales amid surge in travel, big Indian weddings
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    The surge in travel and big-fat Indian weddings have pushed sales of the luggage industry. Big brands like Samsonite and Safari along with mega retailers like Reliance have been reporting a sales growth of nearly 50%-70% since the middle of 2022 over 2019 which was the best year ever for the industry…
  • Bacardi in India launches e-commerce platform for made-in-India brands
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    On the e-commerce platform, Bacardi India has partnered with artisanal fragrance maker, Isak Fragrances; premium leather products brand – The Postbox; and the Jaipur Watch Company, which sells luxury watches…
  • Organised jewellery retailers to outpace industry growth over the medium term; revenue likely to grow 10% YoY in FY24: ICRA
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    Kaushik Das, vice president and co-group head at ICRA explained, “The industry growth is likely to moderate to 5 per cent YoY in FY2024 due to the high base of FY2023, coupled with evolving macro-economic scenario. Nevertheless, the revenue of organised jewellery retailers is likely to grow at a much higher rate of 10 per cent YoY in FY2024, supported by the accelerated shift in market share to the organised sector driven by tightening regulations, change in consumer preferences towards branded jewellery and planned expansion of organised jewellers into tier 2 and 3 cities.”..
  • Carlyle buys wellness & beauty co VLCC, pays $275-$300 mn for nearly 70% stake
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    Co to appoint former Reckitt Benckiser & Arvind Fashions executives as independent directors. Founded in 1989, VLCC operates through services including wellness and weight management & packaged products in beauty and skincare. Its network of 210 retail clinics in 118 cities spans 11 countries in South Asia, Middle East and Africa…
  • InstitutionalTwo Apple Stores within weeks… Apple gears up for unprecedented retail push in India
    10 Jan 2023, indianexpress.com​​
    Apple is already hiring for Apple Stores in Mumbai and Delhi, the two locations where the flagship retail stores will open first…
  • Institutional Investments In Retail Real Estate Jumps Over 6-Fold To $492 Million In 2022: Report
    10 Jan 2023, outlookindia.com​​
    Alternate asset classes, which includes data centres, received an investment of USD 867 million last year, up 92 per cent from USD 453 million in 2021…
  • Apple retail stores to be spread over 25,000 sq ft in Delhi, Mumbai
    10 Jan 2023, financialexpress.com​​
    In FY22, Apple India’s net profit rose 3% year-on-year to Rs 1,263 crore, whereas its revenue from operations rose 45.8% to `33,313 crore during the year, according to filings with the Registrar of Companies in the ministry of corporate affairs…
  • The Whole Truth raises $15 million in Series B funding led by Sequoia India
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    Other investors in the round include existing backers Matrix Partners India and early-stage venture firm Sauce.vc…
  • FMCG Q3 preview: Muted demand, but margins to improve, say analysts
    10 Jan 2023, financialexpress.com​​
    FMCG Q3 preview: Muted demand, but margins to improve, say analysts…
  • India expected to become USD 7 trillion economy in seven years: CEA
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    Speaking at a session organised by MCCI, Nageswaran said virtually that the calendar year 2023 began in the context of the continuing conflict between Russia and Ukraine, which will “create geo-political and geo-economic uncertainties”…
  • PVR aims to become 1,000-screen film exhibitor by FY24; to invest Rs 300 crore to add 100 screens
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    As part of the expansion, the company is entering into newer cities, especially in the south and east parts of the country, where it has a negligible presence…
  • Exclusive: New standards for live commerce in India on the drawing board
    10 Jan 2023, retail.economictimes.indiatimes.com​​
    BIS seeks member views after global body ISO floats proposal; ecommerce logs high growth in space…
  • PUMA Expands Offline Presence, Opens Store in Faridabad
    9 Jan 2023, indianretailer.com​​
    In line with its ongoing retail portfolio strengthening strategy, Omaxe World Street in Faridabad has a new addition to its portfolio…
  • MR.D.I.Y. Expands Offline Presence, Opens 100th Store in India
    9 Jan 2023, indianretailer.com​​
    MR.DIY, One of Asia’s largest home improvement retailers celebrated its 100th store grand opening in the Inorbit Mall Vashi Navi Mumbai…
  • How E-Commerce has Evolved in India
    9 Jan 2023, indianretailer.com​​
    The Indian e-commerce industry has been driven by increasing mobile phone adoption. As of October 31, 2022, there are 1143 million mobile connections with 625 million urban and 518 million rural connections…
  • Vanity Wagon Expands Offline Presence, Opens First Kiosk in Delhi

    9 Jan 2023, retail.economictimes.indiatimes.com​​
    Vanity Wagon – one of India’s largest clean beauty marketplaces, the one-stop e-commerce platform is set to launch its Kiosk for the first time in one of the most popular malls in New Delhi on January 11, 2023…
  • With growing health concerns, baby talc market sees shift towards organic, corn-starch-based powder
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    “…due to recent health concerns regarding the composition of talcum, brands and consumers are shifting to a more natural, safer alternative. Cornstarch-based powders have emerged, as a result,” commented Malika Sadani, founder and CEO, The Mom’s Co…
  • Pansari Group expects 40% YoY sales growth in FY23; hopes to achieve Rs 350 crore turnover from exports this year
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    The company said it focuses on volume growth rather than value growth as commodity value fluctuates often, so it is difficult to determine growth with it. In addition to that, the firm is not focusing on commodity products but on value-added processed products including syrups, gravy, ready-to-eat, ready-to-cook, and millet-based products…
  • RS Sodhi steps down as Amul MD, Jayen Mehta to take charge
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    RS Sodhi on Monday stepped down as the Managing Director of Amul Ltd and will be replaced by Jayen Mehta in the interim. Sodhi had been the Managing Director of Gujarat Cooperative Milk Marketing Federation (GCMMF) since June 2010 and is the President of the Indian Dairy Association…
  • Unity, Parsvnath to develop mall in Delhi
    9 Jan 2023, economictimes.indiatimes.com​​
    Delhi-based Unity Group has formed a joint development agreement with Parsvnath Developers to develop 450,000 square feet of retail area with an investment of ₹200 crore, said Unity Group co-founder Harsh V Bansal…
  • Huge potential to boost exports of processed food: TPCI
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    Three-day IndusFood expo kickstarted on January 8 in Hyderabad. It was inaugurated by Additional Secretary in the commerce ministry Rajesh Agrawal and Joint Secretary in the ministry Srikar K Reddy…
  • McDonald’s to boost restaurant growth, streamline some programs
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    The new plan, announced in a letter from Chief Executive Officer Chris Kempczinski to global employees and seen by Reuters, calls for the Chicago-based company to cancel or “de-prioritize” some initiatives while also accelerating store development. That could lead to layoffs in some areas and expansion in others, the company said…
  • LG Electronics Q4 operating profit down 91.2% in Q4
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    For 2022, South Korea’s No. 2 home appliances maker posted an estimated 3.54 trillion won in operating profit, down 12.6 percent from a year earlier…
  • Customs duty on 35 items may be hiked in Budget
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    Private jets, helicopters, high-end electronic items, plastic goods, jewellery, high-gloss paper and vitamins are among items that are on the list prepared by the government…
  • Reliance Consumer to focus equally on full FMCG range, backend sourcing
    9 Jan 2023, retail.economictimes.indiatimes.com​​
    Newly floated FMCG flagship Reliance Consumer Products (RCPL) said it intends to enter the entire spectrum of domestic, household and consumer goods such as pharmaceuticals, food products and beverages, agri- and non-agricultural produce, commodities, educational, raw, processed and commercial products. The filing was made to the Registrar of Companies…
  • CeilingFlauntShop Talk. Trends that will shape Indian retail this year
    8 Jan 2023, business-standard.com​​
    Let me start by defining a context with regard to the retail sector. There are broadly two kinds of players. One operates with a shop-keeper mindset…
  • CeilingFlaunt factor: Rising affluence sees India’s market for luxury brands swell
    8 Jan 2023, business-standard.com​​
    China, which is also an important market for luxury brands, has been impacted due to Covid-induced lockdowns over the past two years…
  • Ceiling fans get costlier as BEE’s revised norms mandate star labelling
    8 Jan 2023, retail.economictimes.indiatimes.com​​
    Though leading manufacturers such as Havells, Orient Electric and Usha International have welcomed the move, they also believe it would lead to cost increase of 5 to 20 per cent as high energy efficient 5-star rated fans will require new imported motors and electronic components…
  • Apple begins hiring retail store employees in India
    8 Jan 2023, retail.economictimes.indiatimes.com​​
    The Cupertino, California-based tech giant has long planned to set up physical retail locations in India, one of the world’s fastest-growing smartphone markets. While the company in 2020 began direct sales online, plans for brick and mortar stores have not yet materialized…
  • FMCG firms seek steps in Budget to boost middle-class’ disposable income
    7 Jan 2023, financialexpress.com​​
    Boosting of disposable income in the hands of consumers can be done through beneficial tax regime, said Saugata Gupta, MD and CEO, Marico…
  • Weak demand to weigh on FMCG Q3

    7 Jan 2023, financialexpress.com​​
    On an overall basis for the staples segment, analysts expect gross margins to improve sequentially, with softening of select raw material prices—primarily crude and edible oils may result in a modest recovery in Ebitda (earnings before interest, tax, depreciation and amortisation) margins too…
  • Effective synergies between fintechs and small retailers can fulfil $10 trillion economy vision
    7 Jan 2023, financialexpress.com​​
    Ease of doing business for MSMEs: Through solutions like dynamic POS machines, QR codes and micro ATMs, fintechs and MSMEs are helping create an open API network by reducing the cost of operations and well as boosting the digital economy in the hinterlands by sachetising banking services…
  • Kalyan Jewellers Q3 update: Revenue up 13% YoY; gross margin expands sequentially
    7 Jan 2023, retail.economictimes.indiatimes.com​​
    Noting that while the competitive intensity with respect to metal pricing continues, it recorded a sequential expansion in its gross margin, driven largely by the improvement in both studded share and share of revenue from non-south markets…
  • Discount scheme upsets the Apple cart for retailers in India
    7 Jan 2023, economictimes.indiatimes.com​​
    Apple’s retailers across India are in a tussle with the company over a demand-generation scheme for iPhones. According to the sellers, they’re not being adequately compensated for discounts the US company is offering. These are on the…
  • What to expect from the consumer goods sector in 2023? Arvind Singhal explains
    7 Jan 2023, retail.economictimes.indiatimes.com​​
    “Wage hikes and income generation as such has been moderate, in the range of single digit hikes, which barely catches up with inflation. Now under this circumstance, onc cannot assume that consumers will have an unending availability of capital. Mid-6-7-8% growth rate for refrigerators, washing machines or even TVs would be my expectation for this year. “…
  • Jewellery exports lose sheen as recession looms in West
    7 Jan 2023, livemint.com​​
    A double-digit fall in demand for gems and jewellery, a key Indian luxury export, amid recessionary conditions in the West is worrying manufacturers in an industry that employs over 5 million workers…
  • Titan Q3 Update: Combined sales rise 12% YoY on strong consumer demand
    7 Jan 2023, retail.economictimes.indiatimes.com​​
    Continuing the network expansion, the retail presence stands at 2,362 stores at the end of the quarter…
  • Discount scheme upsets the Apple cart for retailers in India
    7 Jan 2023, retail.economictimes.indiatimes.com​​
    Retailers say Apple is forcing them to pay a part – Rs 800 per device – of the discount out of their own pocket. Additionally, the company is not compensating retailers for discounts on older inventory, which they had stocked in December at higher rates…
  • Come to the mall and bring your chores along
    7 Jan 2023, retail.economictimes.indiatimes.com​​
    Mall operators rope in tailors, cobblers, offer pet grooming and car washing, to enable visitors spend more time while these tasks are taken care of…
  • LG Electronics Appoints Hong Ju Jeon as MD for India Biz
    6 Jan 2023, indianretailer.com​​
    LG Electronics India appointed Hong Ju Jeon as the Managing Director, the company said in a press release. The former managing director, Young Lak Kim, has been promoted to the position of Executive Vice President. He will be joining as Korea Sales and Marketing Head…
  • Online-only brands are foraying into offline expansion
    6 Jan 2023, apparelresources.com​​
    The physical store is always on the brand’s to-do list as they are very well aware that customers are real people who crave a tangible, multi-sensory experience when buying products—the so-called dopamine rush of ‘let’s go shopping’…
  • Cancer survivors enjoy their special winter vacation at Infinity Mall
    6 Jan 2023, eventfaqs.com​​
    Infiniti Mall recently played host to the young cancer survivors from Tata Memorial Pediatric Cancer Care Centre during the Christmas and New Years week…
  • Samsung’s quarterly profit plunges to 8-year low on demand slump
    6 Jan 2023, retail.economictimes.indiatimes.com​​
    Samsung’s profits are expected to shrink again in the current quarter, analysts said, after the South Korean company announced its October-December operating profit likely fell 69% to 4.3 trillion won ($3.37 billion) from 13.87 trillion won a year earlier…
  • Alcohol companies’ sales soar in year-end season
    6 Jan 2023, thehindubusinessline.com​​
    Alcohol companies saw sales of beverages spike more than last year in the year-end festival and holiday season. Industry players said consumers moved to the premium segment…
  • Shobitam launches the Makar Collection by designer Girish Lakshman

    6 Jan 2023, retail.economictimes.indiatimes.com​​
    Leading D2C ethnicwear global brand Shobitam which focuses on making Indian handlooms elegant globally, has launched the Makar collection by designer Girish Lakshman…
  • Shobitam launches the Makar Collection by designer Girish Lakshman

    6 Jan 2023, apparelresources.com​​
    Leading D2C ethnicwear global brand Shobitam which focuses on making Indian handlooms elegant globally, has launched the Makar collection by designer Girish Lakshman…
  • Global trade is shifting, not reversing
    6 Jan 2023, livemint.com​​
    It is fashionable to talk of deglobalization again. More likely is a continuing reshuffling of trade flows that creates new geopolitical winners—if they are savvy enough to take advantage…
  • FMCG companies likely to see recovery in volume growth by next fiscal
    6 Jan 2023, retail.economictimes.indiatimes.com​​
    In the past few months, companies have been reversing grammage cuts in biscuits and soaps to bolster volume growth amid easing inflationary pressures to help drive margin improvement. While growth has improved sequentially due to the festive season, it is still lower than a year ago…
  • 96 pc MSMEs Expect an Increase in Profit in 2023
    5 Jan 2023, indianretailer.com​​
    96 percent of MSMEs expect profits to increase in 2023, as they are being more confident about their growth, profitability, and other growth indicators…
  • Snapdeal Witnesses 14 pc Revenue Jump in FY 22
    5 Jan 2023, indianretailer.com​​
    E-commerce company Snapdeal’s revenue from operations rose 14 percent to Rs 539 crore in FY22 from Rs 471 crore in FY21. Financials sourced through the business intelligence platform Tofler showed that losses, however, widened fourfold to Rs 510 crore as expenses such as employee benefits, and advertisements increased…
  • [Funding Alert] Perfume Lounge Raises Seed Funding of $250,000
    5 Jan 2023, indianretailer.com​​
    The fragrance industry in India is witnessing explosive growth with the market set to double in the next five years. With a year-on-year growth of 20.03 percent in 2022, the surge of ‘Made in India’ brands catering to the diverse demands of young audiences is driving the culture of conscious personal grooming…
  • Duroflex Welcomes Rajat Rastogi as New CFO
    5 Jan 2023, indianretailer.com​​
    Duroflex, one of India’s leading sleep solutions brands, has strengthened its leadership team with the appointment of Rajat Rastogi as Chief Financial Officer and Rajesh Kumar Dash as Product and Category Head. The appointment is a step towards the company’s vision, which aims to go public in 3-4 years…
  • How growth in grocery shopping in India is transforming farmers, retailers and consumers
    5 Jan 2023, thehindubusinessline.com​​
    Today, automation technologies and intelligent systems are enabling robust, seamless supply chains with smooth movement of products and services…
  • Haier Appliances eyes 40% growth in 2023
    5 Jan 2023, thehindubusinessline.com​​
    Expect demand for air-conditioners to go up with the weather playing up, says Satish NS, President of the company With consumers increasingly buying products through online stores, consumer durables major Haier Appliances India is set to increase its digital focus. Satish NS, President of the company, spoke to businessline…
  • Indian consumers in no rush for faster grocery deliveries: Survey
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    Quick commerce was one of the hottest tech properties during the pandemic and the 10-minute grocery delivery business received widespread attention over the past two years. But 2022 saw most investors stay away from the cash-burning sector…
  • Sebamed mulls entry into food, nutrition business
    5 Jan 2023, livemint.com​​
    The local arm of German personal care company Sebamed is exploring opportunities to foray into the health and nutrition business, including categories such as immunity-building products, multi-vitamins, vitamin gummies and baby nutrition…
  • Good show. Indian start-ups achieving $100-million revenue mark in five years: Redseer
    5 Jan 2023, thehindubusinessline.com​​
    With the ecosystem maturing in the last decade, the time taken by start-ups to reach the $100-million revenue mark has come down from 18 years in 2000 to five years in 2017, according to a report…
  • How are retailers adapting to serve new-age consumers and drive profits
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    The last few years have seen major transformations in the Indian retail industry. With deeper internet penetration, a growing focus on innovation, and evolving consumer behavior and needs, …
  • ‘Flipkart Green’ e-store for sustainable products launched
    5 Jan 2023, thehindubusinessline.com​​
    Flipkart Green aims to provide access to information and better availability of globally certified sustainable brands and products…
  • FMCG sector sees slow growth on poor rural consumption and post-festive season slowdown – Godrej Consumer
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    “There has also been a sequential improvement from high single-digit sales growth and mid single-digit volume decline in the previous quarter. The growth is broad based and led by around double-digit sales growth in both home care and personal care,” GCPL said in its earnings update. “The quality of our profits should see meaningful improvement, led by gross margin recovery and continued marketing investments translating to high single-digit EBITDA growth…
  • Shobitam launches the Makar Collection by designer Girish Lakshman

    6 Jan 2023, apparelresources.com​​
    Leading D2C ethnicwear global brand Shobitam which focuses on making Indian handlooms elegant globally, has launched the Makar collection by designer Girish Lakshman…
  • Global trade is shifting, not reversing
    6 Jan 2023, livemint.com​​
    It is fashionable to talk of deglobalization again. More likely is a continuing reshuffling of trade flows that creates new geopolitical winners—if they are savvy enough to take advantage…
  • FMCG companies likely to see recovery in volume growth by next fiscal
    6 Jan 2023, retail.economictimes.indiatimes.com​​
    In the past few months, companies have been reversing grammage cuts in biscuits and soaps to bolster volume growth amid easing inflationary pressures to help drive margin improvement. While growth has improved sequentially due to the festive season, it is still lower than a year ago…
  • 96 pc MSMEs Expect an Increase in Profit in 2023
    5 Jan 2023, indianretailer.com​​
    96 percent of MSMEs expect profits to increase in 2023, as they are being more confident about their growth, profitability, and other growth indicators…
  • Snapdeal Witnesses 14 pc Revenue Jump in FY 22
    5 Jan 2023, indianretailer.com​​
    E-commerce company Snapdeal’s revenue from operations rose 14 percent to Rs 539 crore in FY22 from Rs 471 crore in FY21. Financials sourced through the business intelligence platform Tofler showed that losses, however, widened fourfold to Rs 510 crore as expenses such as employee benefits, and advertisements increased…
  • [Funding Alert] Perfume Lounge Raises Seed Funding of $250,000
    5 Jan 2023, indianretailer.com​​
    The fragrance industry in India is witnessing explosive growth with the market set to double in the next five years. With a year-on-year growth of 20.03 percent in 2022, the surge of ‘Made in India’ brands catering to the diverse demands of young audiences is driving the culture of conscious personal grooming…
  • Duroflex Welcomes Rajat Rastogi as New CFO
    5 Jan 2023, indianretailer.com​​
    Duroflex, one of India’s leading sleep solutions brands, has strengthened its leadership team with the appointment of Rajat Rastogi as Chief Financial Officer and Rajesh Kumar Dash as Product and Category Head. The appointment is a step towards the company’s vision, which aims to go public in 3-4 years…
  • How growth in grocery shopping in India is transforming farmers, retailers and consumers
    5 Jan 2023, thehindubusinessline.com​​
    Today, automation technologies and intelligent systems are enabling robust, seamless supply chains with smooth movement of products and services…
  • Haier Appliances eyes 40% growth in 2023
    5 Jan 2023, thehindubusinessline.com​​
    Expect demand for air-conditioners to go up with the weather playing up, says Satish NS, President of the company With consumers increasingly buying products through online stores, consumer durables major Haier Appliances India is set to increase its digital focus. Satish NS, President of the company, spoke to businessline…
  • Indian consumers in no rush for faster grocery deliveries: Survey
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    Quick commerce was one of the hottest tech properties during the pandemic and the 10-minute grocery delivery business received widespread attention over the past two years. But 2022 saw most investors stay away from the cash-burning sector…
  • Sebamed mulls entry into food, nutrition business
    5 Jan 2023, livemint.com​​
    The local arm of German personal care company Sebamed is exploring opportunities to foray into the health and nutrition business, including categories such as immunity-building products, multi-vitamins, vitamin gummies and baby nutrition…
  • Good show. Indian start-ups achieving $100-million revenue mark in five years: Redseer
    5 Jan 2023, thehindubusinessline.com​​
    With the ecosystem maturing in the last decade, the time taken by start-ups to reach the $100-million revenue mark has come down from 18 years in 2000 to five years in 2017, according to a report…
  • How are retailers adapting to serve new-age consumers and drive profits
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    The last few years have seen major transformations in the Indian retail industry. With deeper internet penetration, a growing focus on innovation, and evolving consumer behavior and needs, …
  • ‘Flipkart Green’ e-store for sustainable products launched
    5 Jan 2023, thehindubusinessline.com​​
    Flipkart Green aims to provide access to information and better availability of globally certified sustainable brands and products…
  • FMCG sector sees slow growth on poor rural consumption and post-festive season slowdown – Godrej Consumer
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    “There has also been a sequential improvement from high single-digit sales growth and mid single-digit volume decline in the previous quarter. The growth is broad based and led by around double-digit sales growth in both home care and personal care,” GCPL said in its earnings update. “The quality of our profits should see meaningful improvement, led by gross margin recovery and continued marketing investments translating to high single-digit EBITDA growth…
  • Justdogs expands its retail network, aims to reach 150 stores by 2025
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    The pet care market in India has witnessed rapid growth over the past few years and is expected to reach Rs 210,000 crore by 2032, growing at a CAGR of 19.2 per cent from 2022 to 2032. So, the brand plans to expand its retail presence to 150 stores across the country by 2025. Further, it aims to touch Rs 1,000 crore revenue with an equitable distribution of business from online and offline channels…
  • Budweiser and Kingfisher makers flag high taxes, poor access for slower India growth
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    Anheuser Busch InBev and Heineken, two of the world’s biggest brewers, said India is one of their top priority markets but demand has been restrained due to high taxes and small number of retail outlets even as it shares a similar growth trajectory with China…
  • Snapdeal ops revenue up 14%, losses rise 4x
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    The muted revenue growth comes amid a delay in its plan for a public market listing due to a global tech stock rout over macroeconomic headwinds…
  • D-Mart Q3 revenue rises 24.7% to Rs 11,305 crore
    5 Jan 2023, retail.economictimes.indiatimes.com​​
    “Standalone Revenue from operations for the quarter ended December 31, 2022, stood at Rs 11,304.58 crore,” it said while sharing an update at the end of the quarter…
  • TAMANNA to Enhance Engagement with Customers
    4 Jan 2023, indianretailer.com​​
    TAMANNA, a digital marketplace, and an e-commerce platform have partnered with MoEngage, an insights-led customer engagement platform to enhance engagement with customers…
  • Godrej Consumer Products Ltd Opens Mega Warehouse in Punjab
    4 Jan 2023, indianretailer.com​​
    Godrej Consumer Products Ltd. (GCPL), a leading emerging markets company that is a part of the Godrej Group, announced the opening of its first mega warehouse in Tepla, Punjab. This state-of-the-art facility has a storage space of 2.4 lakh sq. ft. and will connect the company’s factories in the Northern part of India…
  • Tier II & III cities see 17.4% growth in industrial and warehousing absorption: Savills
    4 Jan 2023, businessinsider.com​​
    India witnessed industrial and warehouse absorption of 46 million sq. ft in 2022, of which 36 million sq. ft belonged to tier I cities. Close to 10 million sq. ft belonged to tier II and III cities, as per the latest data from international real estate advisory firm, Savills India…
  • RetailIndia’s retail market is expected to grow $1.4 trillion by 2026
    4 Jan 2023, mintgenie.livemint.com​​
    Retail is one of the major drivers of the Indian economy. It accounted for 27% of the GDP in 2021, and almost half of the private consumption. While the GDP is expected to grow at approximately 10% annually…
  • Retail traders call for e-commerce regulator, national retail trade policy
    4 Jan 2023, fortuneindia.com​​
    Retailers called for e-commerce rules under Consumer Protection Act and a fresh Press Note in place of Press Note 2 of FDI Policy of 2018 for greater control over e-tailers…
  • How Neighbourhood Shopping Centres are improving the urban experiences of the inhabitants
    4 Jan 2023, ptinews.com​​
    Select City Walk in Delhi, Eldeco Hi-street situated in Panipat, Adani Aangan Galleria, Adani Aangan Arcade, and Adani Oyster Grande in Gurugram, AIPL Joy Street in Gurugram are setting the trend for retail design in urban India. Design Forum International, a Delhi-based architectural firm…
  • Prestige Group plans to build and operate its own shopping centres, says more malls in the pipeline
    4 Jan 2023, cnbctv18.com​​
    Prestige Estates plans to build, own and operate its own shopping centres and there are more malls in the pipeline, the group’s CMD Irfan Razack said. Last month, Prestige Estates opened its first large mall after the Blackstone Group transaction and it got the company good footfalls…
  • GCPL opens mega warehouse in Punjab to strengthen supply chain across North India
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    With this merged facility, GCPL aims to serve its customer base across Haryana, Punjab, Uttarakhand, and Himachal Pradesh…
  • Hindustan Unilever acquires 19.8% stake in Nutrionalab
    4 Jan 2023, thehindubusinessline.com​​
    Fast Moving Consumer Goods (FMCG) company Hindustan Unilever Limited (HUL) on Wednesday informed the stock exchange that the company has completed the 19.8 per cent acquisition of Nutrionalab Private Limited for ₹70 crore…
  • HoUrban saw steady pace of growth, recovery in rural demand not as discernible due to elevated inflation – Marico
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    The maker of Parachute and Saffola said its international business continued its healthy growth momentum with high single-digit constant currency growth, even while contending with implications of currency depreciation and high inflation in key markets…
  • Hong Ju Jeon appointed as LG Electronics MD for India business
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    LG Electronics India on Wednesday appointed Hong Ju Jeon as the Managing Director, the company said in a press release. The​​ former managing director, Young Lak Kim, has been promoted to the position of Executive Vice President. He will be joining as Korea Sales & Marketing Head…
  • Walmart gets $1 billion tax bill for PhonePe shift to India
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services Pvt…
  • How Homegrown Hot Sauce Brand Naagin Elevates Taste Instantly
    4 Jan 2023, indianretailer.com​​
    Naagin, a brand that specializes in hot sauce was founded in 2019 with a rebellious spirit and an objective to offer instant taste upgrades to people passionate about food. The brand brings a modern twist to India’s historic and passionate relationship with spices, creating new and unique flavors, yet solely Indian flavors…
  • Retailers stock up on goods in hopes of robust sales during Republic Day
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    Industry executives said the stocking by the trade (also known as primary sales) has grown by 30-40% over last year when the Omicron wave had briefly impacted the economy, while even as compared to the pre-Covid 2020 levels it is up by 7-15%…
  • Godrej Inds eyes 2x biz for some cos in 5 years
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    The company plans to have a disproportionate share of revenues from branded/value-added products in the food businesses focused on dairy and poultry. It also plans to double its area under oil palm plantation, while continuing to invest in the contract development and manufacturing operations-based B2B agrochemical business over the course of this decade…
  • Reliance to acquire 50 pc stake in Sosyo Hajoori Beverages
    4 Jan 2023, retail.economictimes.indiatimes.com​​
    “With this joint venture, Reliance will further strengthen its portfolio in the beverage segment having already acquired the iconic brand Campa. In addition, Sosyo’s expertise in formulations can be leveraged to develop unique value proposition for the product portfolio and consumers.”…
  • Marico Limited Expands Product Portfolio, Unveils Saffola Munchiez
    3 Jan 2023, indianretailer.com​​
    Marico Limited has launched Saffola Munchiez – a range of tasty yet healthy snacking options. Made from the goodness of Indian super grains like Ragi and Makhana, Saffola Munchiez aims at making snacking ‘better for you’…
  • Modicare Expands Product Portfolio of Well Range, Unveils Well Gummies
    3 Jan 2023, indianretailer.com​​
    Modicare Limited, one of India’s leading direct selling companies, expands its Well range with the launch of ‘Well Gummies’. Giving a fun twist to nutrition, Well Gummies underlines and advocates the need for improved dietary and lifestyle habits, especially among people who are always on the go…
  • Kurkure Unveils New Sub-brand Kurkure Playz
    3 Jan 2023, indianretailer.com​​
    Bringing in a playful twist to the new year, Kurkure, one of India’s most loved snack brands, has expanded its brand with the launch of a youthful new sub-brand, Kurkure Playz…
  • Monrow Shoes Expands Offline Presence, Opens 50th Store
    3 Jan 2023, indianretailer.com​​
    Monrow, a premium homegrown conscious women’s footwear brand hits a new milestone by inaugurating its 50th outlet at the multi-brand retail store, Shoppers Stop. Monrow will now be available in 16 new locations…
  • Dunzo, Blinkit, Zepto new distribution platforms for FMCG majors
    3 Jan 2023, fortuneindia.com​​
    According to a recent report by Nuvama Institutional Equities Research, 10% of HUL’s ice cream sales in Q2 of FY23 came from quick commerce…
  • MADAME Launches 18 Exclusive Stores in 2022
    3 Jan 2023, indianretailer.com​​
    Homegrown women’s western wear brand MADAME launched 18 new stores across the country in the last 12 months, a testimony to MADAME’s growing popularity and acceptance among consumers…
  • Decarbonization as an opportunity for Indian consumer and retail sector
    3 Jan 2023, energy.economictimes.indiatimes.com​​
    Globally, retail & consumer sector is transforming and re-positioning to be fit for the future…
  • Will Big Basket be the proverbial dark horse in India’s retail race?
    3 Jan 2023, livemint.com​​
    When Mukesh Ambani-owned Reliance Retail Ventures Ltd rolled up German grocery wholesaler Metro Cash & Carry’s India business for ₹2,850 crore last week, adding…
  • Pepsico India’s Kurkure brand to target more ‘cord cutters’ in ads
    3 Jan 2023, business-standard.com​​
    Pepsico India Holdings Pvt Ltd-owned snack brand Kurkure, which recently launched a television campaign for its new sub-brand, Kurkure Playz, is focusing on expanding its media reach beyond traditional advertising…
  • Marico expands RTE portfolio with Saffola Munchiez ragi chips and makhana
    3 Jan 2023, business-standard.com​​
    The FMCG firm is tapping the increasing tribe of conscious, albeit indulgent modern consumers with this new on-the-go healthy snack brand…
  • Maersk x Freakins | Logistics in Fast Fashion Industry
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    With the aim to be the everyday fashion brand for the Gen Z consumers, Freakins has been recognized internationally by Indians. As a fast fashion manufacturer, lead time becomes extremely critical for Freakins to stay relevant amidst the changing consumer preferences and at the same time maintaining a healthy cashflow…
  • Sugar Cosmetics appoints former Nykaa CHRO Nirav Jagad as chief people officer
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    In his previous stint, Jagad was part of the leadership team at Nykaa. He has experience spanning various sectors like e-commerce, consulting, manufacturing and infrastructure, and has worked across companies like Randstad, Cerebrus Consultants, IL&FS, and has also been an advisor to assist early-stage startups with scaling…
  • Cinema halls can set terms for sale of food and beverages inside premises: Supreme Court
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    Noting that cinema halls are the private property of owners, a bench headed by Chief Justice of India D Y Chandrachud said that a moviegoer has a choice to not consume the food available at the multiplexes…
  • Dabur acquires 51% majority stake in Badshah Masala
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    “Consequent to the above transaction, Badshah Masala Private Limited has become a subsidiary of Dabur India Limited w.e.f. today i.e. 2nd January 2023,” Dabur said…
  • Meesho losses surge more than 6X to Rs 3,247 crore in FY22 as advertising and other expenses rise
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    Unlike the big ecommerce players, Meesho does not charge sellers a commission on the sale of merchandise. It makes money by charging an advertising fee…
  • Refrigerator prices may rise up to 5% as revised BEE labelling norms come into force
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models…
  • DPIIT considering quality control norms for air coolers, bicycles, bottled water dispensers
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    The items under these orders cannot be produced, sold/traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark…
  • Mukesh Bansal steps back from daily ops at Tata Neu
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    Tata Digital not in favour of growth-at-all cost strategy; Bansal may continue in an advisory role​..
  • Dine-ins face 5% GST, not ready items
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    The Gujarat bench of GST Authority for Advance Rulings (AAR) held in a recent ruling that a 5% rate is applicable for dining in, takeaways and even doorstep deliveries by a stand-alone restaurant.​..
  • December cheer: Consumer goods demand rebounds sequentially
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    The value of fast-moving consumer goods retailed in December rose 1.4% from the last month, according to Bizom that analyses data based on orders at kirana stores. Electronics categories grew 8-10% sequentially, according to industry executives…
  • Meesho’s losses near Rs 3,248 crore as expenses rise 4X in FY22
    3 Jan 2023, financialexpress.com​​
    The Meta-backed startup’s total expenses in the year increased to Rs 6,607 crore, up around 394% from Rs 1,337 crore that it spent in FY21…
  • 2023: A peek into India’s evolving e-commerce market
    3 Jan 2023, retail.economictimes.indiatimes.com​​
    2022 saw some significant changes in the e-commerce ecosystem in India. The industry primarily dominated by the two big wigs of e-commerce – Amazon and Flipkart, saw growing competition from giant conglomerates such as JioMart and Tata Digital and startups like Nykaa, Meesho, Udaan, and DealShare. Further, the launch of state-backed ONDC created waves of disruption in the established e-commerce market. Last year, also saw e-commerce players refocusing their strategies to tap the next set of internet consumers from the hinterlands. ..
  • Kazo Launches Details By Kazo, a Fashion Accessory Store
    2 Jan 2023, indianretailer.com​​
    Kazo launched its sister brand ‘Details by Kazo’ at DLF Noida, a one-stop fashion accessory store. Laden in impeccable design, KAZO is a women’s fast fashion brand epitomizing the stylish, chic, and ornate lifestyle of today’s trendsetting woman…
  • Haldiram’s Launches Winter Cravings Menu, Introduces India’s Favorite Comfort Foods
    2 Jan 2023, indianretailer.com​​
    Haldiram’s has introduced its Winter Cravings menu, which is thoughtfully curated to serve the diverse taste palate of Indian consumers. Owing to the winters, it is the ideal time to savor a hot bowl of your comfort food, be a soupy, piping-hot halwa or dal makhani with laccha parathas…
  • Indians Still Prefer to Visit Offline Stores Before Buying Smartphones
    2 Jan 2023, indianretailer.com​​
    Despite a spurt in online shopping, Indian consumers will still go to physical stores in 2023 for their smartphone purchases, as touch and feel continues to play an important role for them, a report showed on Monday. ..
  • India’s apparel retail market amounts to US $ 96.47 billion in 2023

    2 Jan 2023, apparelresources.com​​
    India’s organised apparel retail market is inching closer to touch US $ 100 billion, thanks to increased consumer spending on clothing products in the country…
  • Jimmy Choo launches exclusive India collection ‘Shaan’
    2 Jan 2023, in.fashionnetwork.com​​
    Jimmy Choo has launched an exclusive collection for the Indian market. The luxury footwear and accessories brand’s new capsule line is designed to celebrate Jimmy Choo’s Indian customers…
  • India’s retail sector witnesses a strong demand in 2022: JLL
    2 Jan 2023, constructionweekonline.com​​
    Nearly 60 shopping malls encompassing a total retail space of 23.25 million sq. ft are expected to become operational during 2023-25 across the top seven cities of India…
  • Indians still want to touch & feel smartphones before buying: Report
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    The top three drivers for satisfaction on overall smartphone sales support are satisfaction on trade/sell out schemes, transparency in process and timely payout, according to the report by CyberMedia Research (CMR)…
  • Dabur completes acquisition of 51% stake in Badhshah
    2 Jan 2023, financialexpress.com​​
    On October 26, Dabur had announced Badshah’s acquisition for Rs 587.52 crore less proportionate debt as on the closing date, with the Badshah enterprise being valued at Rs 1,152 crore…
  • 10-15% local retailers in small towns shifting their operations online: Coutloot
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Coutloot, an e-commerce player, said nearly 10-15% of local retailers have shifted from physical stores to tech-enabled apps, as part of their strategy to completely move their operations online and save costs. The company, a non-grocery non-MRP retail platform connects millions of sellers and merchants with small and medium manufacturers by eradicating the agents from the system…
  • Mayur Hola joins Everstone’s food venture, Culinary Brands as CMO
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Last year, Everstone signed on as the master franchisee for Subway for India, Sri Lanka, and Bangladesh. Everstone has announced that it plans to open about 2,000 Subway outlets in India, Sri Lanka and Bangladesh. Culinary Brands has also recently signed an exclusive license for the Lavazza brand in India. It also acquired from Lavazza Group a significant majority stake in Fresh & Honest Cafe Limited (F&H)…
  • Swiggy’s losses jump 2X to Rs 3,629 crore in FY22, layoffs coming
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Swiggy’s revenue grew 2.2 times to Rs 5,705 crore during FY22 as opposed to Rs 2,547 crore in FY21…
  • Swiggy’s losses jump 2X to Rs 3,629 crore in FY22, layoffs coming
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Swiggy’s revenue grew 2.2 times to Rs 5,705 crore during FY22 as opposed to Rs 2,547 crore in FY21…
  • Deals Likely To Return, Rural Rebound Seen For Consumer Goods Sector In 2023
    2 Jan 2023, bqprime.com​​
    Coming off lackluster sales volume for most part of 2022, the fast-moving consumer goods industry is looking forward to the new year with hopes of consumption recovery and easing inflationary pressure on margins…
  • What sectors should retail investors bet on in 2023? 6 analysts have to say this
    2 Jan 2023, mintgenie.livemint.com​​
    The year 2022 ended with low single-digit gains for the domestic equity benchmarks the Sensex and the Nifty…
  • All-time liquor sale in Kerala on a high during New Year eve: BEVCO
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    On December 31, 2022, around Rs 107 crore worth of alcohol was sold from the 268 BEVCO outlets across the State, the source said…
  • With chilly weather, Ludhiana’s hosiery sector expects clearance of winter wear stock
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Biting cold weather conditions have been prevailing in the region for the past many days with minimum temperature ranging between 2 and 7 degrees at several places in Punjab and Haryana…
  • Zomato registers 45% surge in order volumes on New Year’s Eve compared to 2021
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Zomato CEO Deepinder Goyal urged customers to order in early to avoid the year end rush and cautioned against a potential server crash..
  • New Year Eve orders jump 30-35% at cloud kitchens, restaurants
    2 Jan 2023, retail.economictimes.indiatimes.com​​
    Restaurants and cloud kitchens saw a 30-35% increase in order volumes on Saturday — as people celebrated New Year’s Eve — compared with December 31, 2021, several people told ET…
  • Real estate surge: 60 malls lined up for seven cities between 2023 & 2025
    31 Dec 2022, freepressjournal.com​​
    G Kamala Vardhana Rao has taken over the charge as the CEO of food regulator FSSAI. According to a statement, Rao, an IAS officer, took charge as the Chief Executive Officer (CEO) of the Food Safety and Standards Authority of India (FSSAI) on Thursday…
  • G Kamala Vardhana Rao takes charge as new CEO of FSSAI on Thursday
    31 Dec 2022, retail.economictimes.indiatimes.com​​
    G Kamala Vardhana Rao has taken over the charge as the CEO of food regulator FSSAI. According to a statement, Rao, an IAS officer, took charge as the Chief Executive Officer (CEO) of the Food Safety and Standards Authority of India (FSSAI) on Thursday…
  • FMCG sales grow despite high costs
    31 Dec 2022, retail.economictimes.indiatimes.com​​
    The expansion came despite unprecedented inflation and global commodity headwinds following the Russia-Ukraine war. The number highlights how businesses found a way to deal with challenges and close the calendar year in positive terrain…
  • Draft Retail Policy proposes centralised inspection, single window for licences
    31 Dec 2022, retail.economictimes.indiatimes.com​​
    The policy is not intended for e-commerce, direct selling, multi-level marketing or street vendors and the government intends to provide a national common framework for development of retail sector across the country through it…
  • Swiggy pilots premium grocery business with Handpicked
    31 Dec 2022, retail.economictimes.indiatimes.com​​
    Unlike its quick commerce business Instamart, the products listed on Handpicked will only be delivered the next day, and consumers can only access the service through invites…
  • Yashika Luthra Designs Opens Flagship Design Studio in New Delhi
    30 Dec 2022, indianretailer.com​​
    Yashika Luthra Designs, a new-age interior design studio launched their store at MG Road a Destination for Designer furniture shopping in Delhi. Spread over 4000 square feet area, Yashika Luthra Designs celebrates style and design in the world of luxury with the opening of its flagship store. This debut store is a fascinating experience that combines substance and elegance with minimalism. Designed by Founder Yashika Luthra the Store offers furniture, accessories, and interior décor services…
  • Max Store Expands Offline Presence, Opens New Store in Korum Mall
    30 Dec 2022, indianretailer.com​​
    KORUM mall, one of the favorite malls of Thane, is offering extra cheer to the customers for the ongoing holiday season. To provide its consumers with unending excitement through various events, activities, décor, deals, and other activities, the mall has decked up as a major festive destination for shopping lovers…
  • Luxury shopping gets a festive sparkle, basks in celebratory spirit
    30 Dec 2022, business-standard.com​​
    As the year draws to a close and people slip into celebratory spirit, shopping for luxury has been on the rise one of Delhi’s two luxury malls (the other being The Chanakya) – have been busy. Home to brands like Gucci, Michael Kors, Jimmy Choo, Burberry, Cartier and Canali, the mall has had more buyers in the last two months than in the whole of 2022…
  • PepsiCo India to strengthen presence in namkeen segment with Kurkure Playz range
    30 Dec 2022, thehindubusinessline.com​​
    PepsiCo India is set to launch a sub-brand for Kurkure for the first time, in a bid to strengthen its presence in the namkeen segment. The company’s Kurkure Playz platform has been launched to corner a larger share in the soft namkeen segment, which is largely dominated by regional and unorganised players…
  • Alcohol cos cheer as December looks merry for them
    30 Dec 2022, livemint.com​​
    On-premise as well as in-home alcohol sales is likely to rise during the New Year weekend. While many high-end alcohol retailers said pre-purchase of alcoholic beverages for year-end celebrations was seen through December, sales may pick up at the last minute, as was seen over the Christmas weekend…
  • Consumer goods firms do not see any disruption from new COVID wave
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    Companies selling both essentials and non-essentials said they are completely prepared to replenish stock even if there is any pantry loading by consumers, and also ensure their back-end is not impacted, executives said…
  • Will the Ready-to-Eat Category Expand its Footprint in India
    30 Dec 2022, indianretailer.com​​
    With the busy lifestyles of the millennial workforce, the increase in gross family income, and with nuclear families and work-from-home becoming the norm, consumers seeking convenient food options, the ready-to-eat (RTE) and ready-to-cook (RTC) categories have been seeing a lot of action…
  • India’s Lotus Chocolate rises 5% on selling majority stake to Reliance Retail
    30 Dec 2022, reuters.com​​
    BENGALURU, Dec 30 (Reuters) – Shares of Lotus Chocolate Co (LOTU.BO) rose 5% on Friday, a day after a unit of Reliance Retail Ventures agreed to buy a majority stake in the Indian chocolate maker for 740 million rupees ($8.94 million)…
  • Premium products drive sales of consumer durables in FY23
    30 Dec 2022, financialexpress.com​​
    In FY22, the industry saw premium segments faring much better than mass products as inflation continued to hit customer spending in the segment…
  • Aristocrat whisky maker plans to trim debt by half in FY24
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    The spirits maker will focus on premiumising its portfolio in the Indian Made Foreign Liquor (IMFL) market to shore up margins. The company plans to premiumise brands like the AC Black, Royal Pride and Damn Good Scotch, which, Jaiswal said, would contribute to a healthier bottom line. In the latter part of next year, it will introduce a single malt…
  • Gold jewellery retailers likely to post 23-25% revenue growth
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    Crisil Ratings is projecting the jewellers to post 23-25% revenue growth in fiscal 2023, on top of a 36% expansion last fiscal year when the comparison was aided by the low base of the pandemic-hit fiscal 2021…
  • Montblanc eyes travel retail, smaller cities to fuel its expansion
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    “The sale of both writing instruments and other products such as bags, perfume and accessories have increased but share of other products in overall sale has also grown. We are targeting airport retail – both duty free and duty paid to grow as we get variety of customers, which we won’t get in a traditional store,” said Neeraj Walia, Managing Director & CEO, Montblanc India Retail Private Limited…
  • BigBasket pilots large format offline retail model in Hyderabad
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    Over“This is not a normal supermarket as there will be no tellers to do the billing. Technology will enable self-billing by customers,” said BigBasket co-founder SV Sudhakar, adding supermarts will stock about 4,000 SKUs (stock keeping units) of fruits & vegetables as well as dry grocery and FMCG goods as compared to the 50,000-odd SKUs in the online model…
  • Tata Consumer Products Ltd acquires 23 per cent additional stake in South Africa-based Joekels
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    Over the cost of the acquisition of the stake, the Tata group FMCG arm said it is for a consideration value of Rs 43.65 crore plus the adjustment amount…
  • Reliance to buy 51% stake in Lotus Chocolate for Rs 74 crore
    30 Dec 2022, retail.economictimes.indiatimes.com​​
    The capital infused by the FMCG arm of Reliance Industries will help drive the growth and expansion of Lotus into a comprehensive confectionery, cocoa, chocolate derivatives and related products manufacturer across industrial and consumer market spectrum, it said in a statement…
  • Borosil Forays into Home Décor Range
    29 Dec 2022, indianretailer.com​​
    Whether your style is minimalistic, avant-garde, or simply surrealistic, nothing can add opulence to your home much like statement home décor pieces. When it comes to decorating the interiors of your home, giving it a personal touch is essential…
  • As a step towards strengthening the brand’s retail footprint across the country, ASUS India, a Taiwanese tech giant launched an exclusive store in Hubli.
    29 Dec 2022, telegraphindia.com​​
    Remember the time when exploring the mirror maze at Science City was the highlight of your summer vacation? Well, if you’re looking to bring out the inner child in you, visit the Hamleys outlet at South City Mall…
  • Get lost… in Hamleys new Mirror Maze at South City Mall
    29 Dec 2022, telegraphindia.com​​
    Remember the time when exploring the mirror maze at Science City was the highlight of your summer vacation? Well, if you’re looking to bring out the inner child in you, visit the Hamleys outlet at South City Mall…
  • Why a shift towards ‘consumer commerce’ will take centre stage in 2023
    29 Dec 2022, livemint.com​​
    India today is a consumption hub that is dominating the future global retail trends. In the medium and long-term, we believe that a stronger domestic demand will help India ride on the growth wave…
  • Foldable phone shipments in India to grow 20-30% in 2023
    29 Dec 2022, livemint.com​​
    Domestic foldable phone shipments are likely to see a rise of 20-30% next year, after 2022 saw an increase of more than 50%, both globally and in India…
  • Not Amazon or Flipkart, but B2B e-commerce is silently turning the wheels of the economy
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    Driven by necessity during the pandemic and by the government’s broader push for digitisation of commerce, B2B marketplaces are now an integral part of the operations of retailers, wholesalers, distributors, and even your friendly neighbourhood kiranas…
  • Zomato Gold to make a comeback; CEO Deepinder Goyal shares teaser
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    On Thursday, Zomato founder and CEO Deepinder Goyal tweeted a teaser of the company’s loyalty programme…
  • Retail industry: Consolidation wave likely to continue in 2023 amid Covid clouds
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    The wave of consolidation is likely to hit the shores of the country’s fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros…
  • Ambience Mall reveals Victoria’s Secret
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    With the onset of winter holiday season, consumers kick off their celebrations visiting popular destinations and sharing gifts as a secret Santa…
  • Luxury firms race to fill top roles amid business boom
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    Companies across fashion, jewellery, realty and, what’s increasingly being referred to as ‘experiential luxury’, are scurrying to hire CXOs and niche talent as they scale up business following an escalation in growth. This has also resulted in skyrocketing salaries at CXO levels, executive search firms said…
  • India a large market, must be seen like a continent: Heineken
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    “There are some parallels to draw with China 20 years ago. India is more of a continent than a country and to really understand this large and complex market, you would have to de-average the market,” Jacco van der Linden, president APAC at Heineken, told analysts during its Capital Markets event…
  • Blinkit, boat partner to deliver headphones, accessories
    29 Dec 2022, retail.economictimes.indiatimes.com​​
    “boAt is extremely popular, and we are thrilled to have them on board with us. Starting with headphones, we’ll soon add more popular products such as boAt smartwatches and high-end speakers from the boAt portfolio,” Albinder Dhindsa, co-founder and CEO of Blinkit, said in a statement…
  • The Body Shop Expands Offline Presence, Opens Store in Arunachal Pradesh
    28 Dec 2022, indianretailer.com​​
    The Body Shop has entered Arunachal Pradesh with a store in the state’s capital city Itanagar. The 500 sq. ft. store offers an array of cruelty-free vegetarian, vegan and sustainable products…
  • Tata Brings All E-Commerce Ventures under Digital Biz
    28 Dec 2022, indianretailer.com​​
    Tata Digital will become the sole entity for all online shopping ventures of the Tata group such as Big Basket, Tata Neu, and Croma…
  • Bonito Designs Appoints Rajamohan Jabbala as CTO
    28 Dec 2022, indianretailer.com​​
    Home interior design company Bonito Designs has made changes in its leadership with the appointment of Rajamohan Jabbala as CTO…
  • Simpli Namdhari’s Expands Offline Presence, Opens Store in Bengaluru
    28 Dec 2022, indianretailer.com​​
    Simpli Namdhari’s, India’s only 100 percent vegetarian omnichannel retailer operating 8 supermarkets across the garden city has opened a new store in Yelahanka. This store in the northern part of Bengaluru is the latest example of Simpli Namdhari’s commitment to customer service and offers a complete grocery experience…
  • Lotto Expands Offline Presence, Opens Store in Punjab
    28 Dec 2022, indianretailer.com​​
    Italian sports equipment manufacturer, Lotto opened its latest store in Mansa, Punjab. This is the brand’s 35th store opening of the year through Sports Station India Private Ltd. (SSIPL) which commenced its retail and shop-in-shop (SIS) business for the brand in the year 2011…
  • Too Faced Expands Offline Presence, Opens Store in Delhi
    28 Dec 2022, indianretailer.com​​
    Too Faced Cosmetics’ new store is now operational at Select Citywalk, Saket, Delhi, announced Vandana Singh, Leasing Senior Executive at Select Citywalk in a LinkedIn post. Too Faced Cosmetics entered the Indian market in 2021. The first store was opened in DLF Promenade Mall, Vasant Kunj, New Delhi…
  • Lee Cooper bolsters its retail presence by opening new stores across India
    28 Dec 2022, apparelresources.com​​
    Lee Cooper, an English-American clothing and footwear label headquartered in London, has opened two new stores in India, in the cities of Pune and Manipal apart from Indore and Gwalior which were launched last week and last month respectively…
  • D2C food brand Spice Story sees offline stores contributing two-thirds of its sales
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    The company partnered Jayanti Herbs and Spice for its offline expansion in August when online sales contributed 60%. The company said fill rates in modern trade have gone up to 91% from the average 76% post the tie-up, resulting in business volume growth of 30%. A shift from unorganised to packaged goods also helped, it said…
  • D2C cos find new homes in funding winter
    28 Dec 2022, livemint.com​​
    Large conglomerates are finding it easier to buy out direct-to-consumer (D2C) brands amid a funding crunch for unprofitable startups…
  • Business strategies for the new age FMCG/D2C brands to accelerate growth in 2023
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    An enormous shift in the structure of the Indian retail market was ushered in by the arrival of 4G, the proliferation of smartphones, and widespread internet access. Brands were able to grow more rapidly than ever before with the advent of ecommerce marketplaces and internet buying. Nonetheless, the worldwide pandemic shook things up, which sparked creativity and brought novel business trends to the fore for the new-age FMCG brands operating within the D2C sphere. The three Cs—commercialism, consumerism, and coherence culminated in contentment, both for the consumer and the company…
  • 2022 Year in Review | Udaan, Ola and Oyo log most senior executive exits this year
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    At least 50 top executives – ranging from C-suite to category and business heads – left Udaan in 2022, as the company grappled with funding and business model issues, even as two of its founders moved away from active roles over the course of the year…
  • Quick commerce players focus on profitability, expansion in Tier 2 cities
    28 Dec 2022, thehindubusinessline.com​​
    Quick commerce (10-30 minute grocery delivery) companies have had a mixed bag of a year. While the prominent, well-funded players such as Swiggy Instamart, Dunzo and Zepto grew multifold in 2022, smaller companies such as Fraazo shut down operations amid the funding winter…
  • Events, eateries may see brisk business this New Year’s Eve
    28 Dec 2022, livemint.com​​
    This New Year’s Eve, restaurants and event planners are looking forward to welcoming back large crowds and fully booked venues after enduring two pandemic-ridden years with limited mobility and restrictions on gatherings…
  • Appliances, consumer electronics sector aims double-digit growth, production capacity expansion in 2023
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    Learning the hard way in the wake of the global supply chain disruptions caused by the coronavirus pandemic and prolonged lockdown in China, leading companies in the sector are focusing on enhancing production capacity as well as domestic supply chain to reduce dependence on imported components…
  • Sheela Foam to acquire rival mattress maker Kurlon for Rs 2,000 crore, says report
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    Kurlon sells Kurl-on branded mattresses and it has presence across India with more than 10,000 dealers, 72 branches and stock points. Kurlon also has nine manufacturing facilities across Karnataka, Odisha, Madhya Pradesh, Uttaranchal and Gujarat…
  • Miniso looks to expand in tier 1 cities of India, increase its online presence
    28 Dec 2022, indianretailer.com​​
    In terms of strategies, Miniso is working on deepening consumer engagement and driving an omnichannel experience. Tu shared, “We are not only expanding our brick-and-mortar retail network, but also have plans to cooperate with local e-commerce platforms.”…
  • How Slurrp Farm is Deploying Innovative Strategies to Win Loyal Consumers
    28 Dec 2022, indianretailer.com​​
    Wholsum Foods’ flagship brand, Slurrp Farm was born when Meghana Narayan and Shauravi Malik became mums. They wanted high-quality and nutritious food options for their own children but were unfortunately unable to find anything…
  • Year Ender: How India is embracing New-Age Beauty and Personal Care Brands
    28 Dec 2022, indianretailer.com​​
    With the eventful year of 2022 coming to an end, every Indian can be seen to rejoice and prep for the new year as the same is happening after a pandemic-struck hiatus of 2 long years…
  • Instacart cuts internal valuation to $10 billion- The Information
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    The company, whose new valuation is 20% lower from $13 billion in October, has been cutting its valuation this year, beginning with a 40% reduction in March…
  • Miniso looks to expand in tier 1 cities of India, increase its online presence
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    In terms of strategies, Miniso is working on deepening consumer engagement and driving an omnichannel experience. Tu shared, “We are not only expanding our brick-and-mortar retail network, but also have plans to cooperate with local e-commerce platforms.”..
  • Acquisition to expand customer base, add to store count: Reliance increases B2B, grocery heft with Metro buyout
    28 Dec 2022, financialexpress.com​​
    Reliance Retail’s acquisition of Metro Cash & Carry (Metro India) will strengthen the business-to-business presence of Reliance Industries (RIL) by improving its reach geographically and adding more customers, and will give a push to its new commerce initiative, analysts said…
  • Tatas bring all ecommerce ventures under digital business
    28 Dec 2022, retail.economictimes.indiatimes.com​​
    The group last week increased the authorised share capital of Tata Digital by Rs 1,000 crore to Rs 21,000 crore and infused Rs 750 crore into the company, as per filings with the Registrar of Companies. In the filings, Tata Digital said the authorised capital was increased considering its business plans, repayment of debt and the investments to be made from time to time…
  • JUSTDOGS Launches its New Avatar ‘JUSTDOGS – Unconditionally Yours’
    27 Dec 2022, indianretailer.com​​
    JUSTDOGS, an omnichannel retailer of pet care products and services, has unveiled a new avatar as a key step towards accelerating the brand’s growth in the next phase…
  • Retail Industry Witnesses 19 pc Rise in Sales during April to November 2022
    27 Dec 2022, indianretailer.com​​
    India’s retail industry saw a 19 percent rise in sales over pre-pandemic levels during the April-November 2022 period riding on the back of strong performance of segments such as quick service restaurants and footwear…
  • Retail leasing likely to have promising growth in 2023
    27 Dec 2022, financialexpress.com​​
    According to a CBRE report, India witnessed an increase of 114 percent YoY in retail leasing between January and September 2022 while supply increased by 102 percent QoQ in Q3 2022…
  • Foldable Shop Concept launched for the first time by Amitoje India
    27 Dec 2022, livemint.com​​
    Amitoje India has recently launched a completely foldable 8 feet by 8 feet Store for the first time in India. This is a one of its kind kiosk that could be used in an outdoor setting or a mall to promote a certain brand for events or on ground promotions…
  • Arrow Expands its Retail Presence, Opens New Store in Bengaluru’s GVK Nexus Mall
    27 Dec 2022, indianretailer.com​​
    Arrow, one of the leading professional menswear brands from the house of Arvind Fashions Limited, has launched a palatial new store in GVK, Nexus Mall, Whitefield, Bengaluru. The addition of this store signifies the brands’ robust expansion plans in the city…
  • Hisense India rejigs top management
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    Hisense India is looking to ramp up its business operations, improve work environment, and empower local teams, to aggressively foray into the TV and other appliances business in 2023…
  • 5% rise in alcohol sales during Christmas, says BEVCO
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    On Christmas eve, there were sales for around Rs 90 crore from BEVCO outlets. This was slightly less than last year, but the sale receipts from the outlets were not yet in, said the source. Therefore, the figure could go up, according to the source…
  • FMCG in 2023: Industry experts pin their hopes on moderating inflation, rural revival, and demand for packaged food
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    “There has been a consumption revival and renewed customer confidence in 2022, and we expect this demand improvement to continue into 2023,” said Juan Pablo Rodriguez, CEO, Hindustan Coca–Cola Beverages (HCCB)…
  • FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    FMCG companies are “cautiously optimistic” and expect the rural market, which accounts for more than one-third of the overall sales, to bounce back in 2023 riding on a good harvest season, government impetus, and improvement in farm income. Besides, they expect the tailwinds of emerging channels like modern trade and e-commerce driving urban demand, and from a rise in premium discretionary categories…
  • The dream run of retail aggregator ElasticRun
    27 Dec 2022, brandequity.economictimes.indiatimes.com​​
    The b2b ecommerce platform for rural India claims to have the key to unlock a rural market valued at nearly USD 600 billion. “When you go to the rural market, your fulfilment capability, transportation, your ability to run at the lowest cost and the best fulfilment engine is the core product…
  • Acropolis Mall’s Flavours of Bakery added more sweetness to Christmas
    27 Dec 2022, telegraphindia.com​​
    The fourth edition of Flavours of Bakery spread the Yuletide cheer at Acropolis Mall with a smorgasbord of baked goodness from different city brands. The Cake Boutique, Khadure, Royale Confectioners, Flurys, Cakelicious, Mambo’s and Bakery by The Lalit Great Eastern lured gourmands with their signature flavours…
  • With Sunflame in fold, V-Guard’s kitchen appliances business to touch 500 cr
    27 Dec 2022, financialexpress.com​​
    V-Guard Industries had announced that it has signed definitive agreements for acquiring 100% stake in Sunflame Enterprises Pvt Ltd (SEPL) for a consideration of `660 crore…
  • JSW paints plans to double its revenue to Rs 2,000 cr in FY23
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    Achieving that revenue target will also help the company break into profitability in the decorative paints business, AS Sundaresan, chief executive officer, JSW Paints, told ET. Its industrial coatings business is already profitable, he said…
  • Farzi cafe owner to raise funds soon for expansion
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    “We are looking for a fund raise because the business is growing rapidly and we are getting a great response,” Massive Restaurants MD Zorawar Kalra said. “We are now going to grow the cloud business very fast through company owned outlets – no franchising to begin with. We are looking at raising funds very soon.”…
  • Textile, apparel units in many states issue Covid advisory
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    The Surat Municipal Corporation held a meeting with representatives of textile and diamond trade to discuss the Covid-19 situation and said it is looking at how to provide booster doses to the workers. The diamond and textile units in Surat together employ about 2.8 million people…
  • Meesho is beefing up its product capabilities to turn profitable
    27 Dec 2022, financialexpress.com​​
    The startup has been in the news recently for being vocal about turning profitable in the next couple of years ahead of meeting its IPO goal…
  • DPIIT considering quality control norms for lighters, sports goods
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    The department has floated draft control orders for all these products after consulting the Bureau of Indian Standards (BIS)…
  • Trends, inflation and consumer demand – Industry leaders share their outlook on retail in 2023
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    Industry experts from key retail segments such as fashion and lifestyle, food services, consumer electronics, and beauty and personal care share their insights and outlook for the retail industry in 2023…
  • Nestle, Panasonic, Dabur & Wipro Consumer Care among cos planning to focus more on D2C marketing
    27 Dec 2022, retail.economictimes.indiatimes.com​​
    Despite low sales on the individual platforms, executives said they use their microsites as launch platforms, to collect consumer data, build loyalty and then roll out in other larger channels for volumes, or direct consumers to scale platforms like Amazon or Flipkart…
  • IKEA to Invest Rs 4,000 cr in Retail Stores in UP
    26 Dec 2022, indianretailer.com​​
    Known for its affordable wide range of well-designed, functional home furnishing products, IKEA may have footprints in Uttar Pradesh soon…
  • Indian Smartwatch Players Aim to Beat Global Rivals
    26 Dec 2022, indianretailer.com​​
    The Indian smartwatch market has not only grown exponentially on the home turf but has also performed exceptionally well at the global level…
  • Hang Ten to enter the Indian market with Bradford via licensing
    26 Dec 2022, indianretailer.com​​
    The surf-inspired fashion and lifestyle brand of US, Hang Ten, will launch its clothing collection and a number of new product categories in India via Bradford…
  • Ultrafresh Expands Offline Presence, Opens Store in Bihar
    26 Dec 2022, indianretailer.com​​
    Modular kitchen company Ultrafresh Modular Solutions Ltd has launched its fifth ‘One-Stop-Shop’ studio at Katihar in Bihar. Spread across 900 sq ft, the studio offers a range of modular kitchens, wardrobes, displays, and storage units in acrylic and laminate finish. It also offers customers an option to customize and design their kitchens…
  • Arjun Kilachand Opens Flagship Store in South Mumbai
    26 Dec 2022, indianretailer.com​​
    Arjun Kilachand unveils a new flagship store in the heart of South Mumbai’s epochal Queen’s Necklace. The menswear ceremonial design house, which is one of the most sought-after brands in India’s luxury space, embarks on a new retail chapter by opening an immersive and experiential store (approximately 2000180 square feet in size) in the heritage Art Deco building located between at the iconic Matralaya and Cooperage Garden junction. at Nariman Point…
  • Infibeam Avenues Looks At Retail CBDC Operations
    26 Dec 2022, bqprime.com​​
    If the RBI approves, Infibeam would be one of the first few non-bank players to participate in the retail CBDC ecosystem…
  • ForeverNykd by Nykaa Opens Store in Hyderabad
    26 Dec 2022, indianretailer.com​​
    Nykd by Nykaa has opened a store at the Sarath City Capital Mall in Hyderabad. The brand initially launched with a range of four collections that featured panties and sleepwear and now has expanded its collection by including athleisure as well…
  • Forever 21 Expands Offline Presence, Opens 2nd Store in Chennai
    26 Dec 2022, indianretailer.com​​
    Fast fashion retailer brand Forever 21 has launched its second store in Chennai at Phoenix Palladium. It also has an existing store at Express Avenue Mall in the city. The brand offers clothing and accessories for women, men, and kids…
  • Lee Cooper Expands Offline Presence, Opens Two Stores in India
    26 Dec 2022, indianretailer.com​​
    London-based English-American clothing and footwear brand, Lee Cooper has opened two new stores in India, one in Pune and Manipal…
  • Paytm Payments Bank partners with Nexus Malls to help users to digitally pay at parkings with FASTag
    26 Dec 2022, cnbctv18.com​​
    India’s homegrown Limited (PPBL) on Monday announced that it has partnered with Nexus Malls, one of India’s real estate retail platforms, to facilitate convenient payments for car parking at their malls using FASTag…
  • Outlook for commercial realty remains positive in 2023, any pain in office leasing may be short-lived
    26 Dec 2022, financialexpress.com​​
    A very strong rebound in Grade A office spaces is likely in 2023 and the vacancy rates in these office parks should continue to reduce while Grade B spaces may find it more challenging…
  • Ultrafresh keeps up its date with tier-2/3 cities, expands retail studio presence in Bihar
    26 Dec 2022, retail4growth.com​​
    Ultrafresh Modular Solutions Limited has over 120 studios across India out of which around 45 studios are situated in the eastern region of India…
  • Jack Daniel’s India appoints BBDO India as its integrated communications agency
    26 Dec 2022, brandequity.economictimes.indiatimes.com​​
    As part of the mandate, BBDO India will be responsible for handling creative strategy and execution for the Indian market and localisation of global campaigns, apart from managing social, packaging, retail design and mainline creative functions in India for Jack Daniel’s, the company stated in the press release. It is a multi-agency pitch…
  • Bars, eateries look to non-metros for growth
    26 Dec 2022, retail.economictimes.indiatimes.com​​
    According to an analysis by CBRE, Chandigarh, Jaipur, Ahmedabad, Kochi, Thiruvananthapuram, Lucknow, Indore, Bhubaneshwar, Visakhapatnam and Coimbatore will be new growth cities for retail consumption in the country. “Quality space has started coming to smaller cities as well and people there have to travel to the nearest town to enjoy nightlife. Many pubs have seen this as an opportunity and have planned expansion,” said Shriram PM Monga, co-founder of retail consultancy firm SRED…
  • Premium products drive footfall and rentals in malls in H1
    26 Dec 2022, financialexpress.com​​
    According to rating agency Icra, the trading density is expected to remain firm till March 2023 given the impact of the festive season…
  • Fashion & clothing to lead India’s growth spurt for the next decade says Indian Terrain’s MD
    26 Dec 2022, retail.economictimes.indiatimes.com​​
    Charath Ram Narsimhan, managing director of Indian Terrain Fashions thinks “Fashion & Clothing to lead India’s growth spurt for the next decade”…
  • Pomp and grandeur return to Christmas celebrations across India after Covid gap
    25 Dec 2022, indianexpress.com​​
    After two years, people celebrated Christmas on Sunday across cities in a grand manner. Colourful lights adorned churches and people offered prayers and attended the Holy Mass at midnights. Malls and other buildings were also lit up…
  • Funding winter for start-ups may last another 12 to 18 months: Flipkart CEO
    25 Dec 2022, business-standard.com​​
    Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession…
  • Merry Commerce: The great Indian festive season is not over yet
    25 Dec 2022, retail.economictimes.indiatimes.com​​
    The great Indian festive season from Navratri to Diwali has got a welcome extension to Christmas, as companies are ready with product launches and discounts…
  • DPIIT seeks views of different ministries on draft national retail trade policy
    25 Dec 2022, retail.economictimes.indiatimes.com​​
    The policy would focus on formulating strategies to provide a globally competitive and sustainable environment for overall development of retail trade through targeted efforts…
  • Gifting Startup Winni to add 150 retail outlets in 3 months
    24 Dec 2022, yourstory.com​​
    The bootstrapped startup announced the opening of its 250th retail outlet in Patna which is the 67th franchise in Bihar…
  • Merry Commerce: The great Indian festive season is not over yet
    24 Dec 2022, economictimes.indiatimes.com​​
    Anita Chawla, a US-based lawyer, was in for a surprise on her trip to Mumbai last month. A Rs 1.2 lakh clutch purse by her favourite couturier was available for Rs 80,000 — and she splurged on it. Like Chawla, Indians are out with their shopping bags…
  • METRO buy to beef up RIL’s retail expansion plans, create long-term value
    24 Dec 2022, retail.economictimes.indiatimes.com​​
    METRO’s annual revenue run rate is about Rs 7,000 crore, and it is expected to add around 15% to the current B2B and grocery segment for RIL, Motilal Oswal Securities said…
  • Culinary Hotels and restaurants step up vigil, take steps to keep Covid at bay
    24 Dec 2022, business-standard.com​​
    While the surge in Covid cases in China has sparked global concerns, India is well prepared to meet any challenge…
  • Culinary Brands announces partnership with Lavazza in India
    24 Dec 2022, retail.economictimes.indiatimes.com​​
    The Italian Luigi Lavazza S.p.A. group had exited the cafe business in India in 2014 when it sold off its stake in Barista Coffee to local company Carnation Hospitality. Lavazza has since then focused on its Fresh & Honest coffee brewing machine business…
  • Retail industry sees 19% rise in sales during Apr-Nov 2022: Report
    24 Dec 2022, retail.economictimes.indiatimes.com​​
    “The industries that did particularly well during this period were the QSR (quick service restaurant) and the footwear industries, with a 30 per cent growth compared to 2019,” RAI said…
  • Babywear brand MiniKlub eyeing Rs 150 crore revenue in FY23 as it expands retail presence
    24 Dec 2022, retail.economictimes.indiatimes.com​​
    The company is looking to expand with another 26 exclusive brand outlets(EBOs) this fiscal ending March 2023 and it expects to touch a total of 150 stores in the next two years. Currently, it has 47 stores and is expanding with 3 more EBOs in Tirupati, Trichy and Jodhpur in this month…
  • FreshToHome Enabled 3.6 cr Deliveries in 2022
    23 Dec 2022, indianretailer.com​​
    ​​FreshToHome, the world’s largest fully integrated online e-commerce brand in fresh fish and meat, has announced some fun facts and delightful trivia about its customers’ preferences in the platform that took the brand by storm and surprise this year!…
  • How D2C companies are powering SMEs & MSMEs in India
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​MSMEs can expand their markets via the D2C model by adopting digital technology. In contrast to traditional export markets, a direct-to-consumer strategy enables MSMEs and SMEs to reach the consumer directly, realise higher value for the products/services, develop their own brand, and receive immediate feedback. MSMEs can provide individualised service to their clients and gain the competitive edge they require by implementing the D2C model…
  • How Bright is the Future of Retail in India
    23 Dec 2022, indianretailer.com​​
    ​​Will this volatility affect the Indian consumer durable market? The Indian retail industry is undergoing major changes currently. It has much to do with the boom in e-commerce and a sharp decline in physical retail space for many product categories…
  • Cinepolis Acquires 35,000 sq. ft. Area At Migsun Migente Mall
    23 Dec 2022, indianretailer.com​​
    ​​Famous cinema brand, Cinepolis, has acquired a robust 35,000 sq. ft. area at Migsun Migente Mall, Raj Nagar Extension, Ghaziabad. With the aim of setting up 4 screens at the projects, Cinepolis will offer the most happening visual experience to its customers, laced with the most advanced equipment. The theatre is planned to be a 4-screen space that has the capacity toattain __ viewers simultaneously…
  • India smartphone market to grow 10% in 2023 after a dip this year: Report
    23 Dec 2022, livemint.com​​
    ​​Smartphone shipment in India is projected to grow 10% year-on-year (YoY) in 2023 after an estimated decline of 5% this year, according to a new report by Counterpoint Research published Friday. The total number of smartphone shipments in 2023 is expected to reach 175 million…
  • OnePlus to explore new manufacturing investments in India, says founder Pete Lau
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​The brand recently forayed into the IT peripherals segment with the launch of its monitors and will also launch its keyboards.It had previously launched TWS audio, smartwatch and smartbands in India…
  • Lifestyle brand Hang Ten appoints Bradford to enter Indian Market
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​Planning to expand its global footprint, Hang Ten will sell other products in addition to its core surf wear business. Hang Ten will now be growing its reach by offering licensing options in a variety of categories all over the world…
  • Dunzo records 3X growth in orders for women hygiene products
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​The report also highlighted that in 2022, Indians tipped nearly Rs 3 crore on the Dunzo app as a gesture of appreciation…
  • Instacart cofounder Apoorva Mehta stole trade secrets, alleges lawsuit
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​Apoorva Mehta, Indian-origin Co-founder of grocery delivery company Instacart has been accused of using stolen trade secrets to build a healthcare startup promoting weight loss…
  • Flipkart sells over 82 lakh fashion, lifestyle products during end-of-season sale
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​”With over 14 orders placed every minute, the event saw over 82 lakh orders being placed for fashion and lifestyle products from across geographies. Majority of these shoppers belonged to the age group of 25-35 years,” the company said in a statement…
  • Grievance redressal mechanism of e-commerce players not up to mark: Consumer Affairs Secy
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​Addressing an event organised by the Public Affairs Forum of India (PAFI), Singh said the number of complaints registered on the National Consumer Helpline (NCH) has gone up to 90,000 in November compared to 40,000 in the same month last year…
  • FMCG rural demand shows signs of green shoots after 2 years
    23 Dec 2022, retail.economictimes.indiatimes.com​​
    India’s villages, which contribute more than 35% to overall annual FMCG sales, are crucial for overall revival of the sector. Executives said good seasonal harvests, resulting in improved liquidity in the hands of farmers, higher government spending on infra, and the wedding season are aiding consumer sentiment in India’s villages…
  • Puma Ropes in Anushka Sharma as Brand Ambassador
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    PUMA India has roped in Bollywood actor and entrepreneur Anushka Sharma as its new brand ambassador. The latest association with Anushka comes as part of PUMA’s ongoing commitment to the women’s business in India…
  • Electrolux strengthens offline presence, opens exclusive brand outlet in Gurugram
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    Going forward, the company plans to open 50 more outlets across Delhi NCR. Overall, Electrolux has 100 plus stores throughout India through which its products are retailed…
  • Advent Intl makes counter offer of ₹467 for DFM Foods de-listing
    22 Dec 2022, thehindubusinessline.com​​
    Earlier, promoters had rejected the discovered price of ₹525 through reverse book-building the attempt to delist DFM Foods has received a new twist with private equity firm Advent International making a fresh offer of ₹467 a share to acquire 26.3 per cent stake in the company…
  • Indian food and grocery retailers may see 15-20% YoY revenue growth in FY23: ICRA
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    More than 90 per cent of the total cost of F&G retailers comprises raw material cost/purchase of traded goods, given the dominance of food and staples in their revenue mix. The share of non-food categories, commanding relatively better margins in the revenue mix, moderated to 22 per cent in FY2021 from 28 per cent in FY2019, amid intermittent restrictions on the sale of non-essential items…
  • Soft drinks get mojo back with sharpest recovery in 2022
    22 Dec 2022, thehindubusinessline.com​​
    Volume growth recovery at scorching pace, higher category penetration in rural and urban region : Kantar The soft drinks segment, which was among the worst-hit due to pandemic-induced restrictions, has emerged as one of the fastest growing categories in 2022 on the back of a sharp recovery…
  • Honasa Consumer strengths corporate governance with 50% independent board members
    22 Dec 2022, thehindubusinessline.com​​
    The move is likely to support independent decision-making, says the company Honasa Consumer Ltd. (HCL), the parent company of brands such as Mamaearth, The Derma Co., Aqualogica and Ayuga, declared that independent directors now constitute 50 per cent of its board…
  • Mr. Milkman reports 12% growth in milk throughput
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    Compared to 2021, Mr. Milkman by EverAg has reported an incremental jump in the sale of bread and buttermilk on their platform, which grew by 125% & 135%, respectively. Furthermore, the sale of ghee increased by 22.44%, dahi by 40%, paneer by 9.27%, butter by 29.10%, and cheese by 15.55%. With this Mr.Milkman records its highest sales recorded on its platform, post-pandemic…
  • Paytm CEO: There will be no more cash burn
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    “It has got decided last month that it (cash burn) would no more be continuing. As far as Paytm is concerned, we have publicly declared that we are far ahead of our ambitions — far meaning the border of magnitude ahead — in terms of re-setting our cash burns” founder Vijay Shekhar Sharma said at an event…
  • Noise appoints Smeer Chopra as CFO
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    As CFO, Chopra will be responsible for driving strategic initiatives around financial controllership, business partnership, financial planning and cost optimisation…
  • ONDC opens its network to consumers and sellers in Meerut
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    ​​T Koshy, MD & CEO, ONDC, said, “Starting from Bengaluru, we’re excited to expand ONDC Beta to Meerut, given the existing number of sellers already adopting ONDC here. We hope that with the Beta rollout today, more sellers and local businesses will join ONDC in Meerut, and will pave the way for bringing the vision of Vocal4Local to reality in UP and across India.”…
  • Eveready back on investor radar driven by improved growth prospects
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt..
  • Athleisure’s here to stay, and brands are breaking records
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    “People during the pandemic were focusing on health and fitness and they wanted to evolve their lifestyle. So, there was a huge transition around how people saw health and fitness and that increased demand for us. Athleisure has become the go-to outfit,” said Abhishek Ganguly, managing director, Puma India…
  • Reliance to acquire Metro AG’s India business for Rs 2,850 crore
    22 Dec 2022, retail.economictimes.indiatimes.com​​
    Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network…
  • Health and Glow Beauty Turns 25, Celebrates Silver Jubilee
    21 Dec 2022, indianretailer.com​​
    Leading omnichannel beauty retail chain Health and Glow celebrated its silver jubilee, marking its long legacy of 25 years in the beauty and personal care space. ..
  • SOFIT Ropes in Disha Patani as Brand Ambassador
    21 Dec 2022, indianretailer.com​​
    Hershey India Pvt Ltd., a part of The Hershey Company, a leading global snacking company, has announced renowned Bollywood actor and fitness enthusiast Disha Patani as an ambassador for its plant-based drink brand SOFIT…
  • Comprehending consumer demand and retail trends for 2023
    21 Dec 2022, financialexpress.com​​
    Initially, companies received a massive blow with the closing down of brick-and-mortar stores all over the world, which consequentially strengthened the belief that e-commerce and omnichannel are the future…
  • Statiq launches fast EV charging station in Amritsar in partnership with Nexus Malls
    21 Dec 2022, livemint.com​​
    Electric vehicle charging services provider Statiq in association with Nexus Malls on Wednesday launched its first EV charging station in Amritsar at Nexus Amritsar Mall…
  • Bajo Foods raises $2 million funding for its diabetes and protein-based product brands
    21 Dec 2022, retail.economictimes.indiatimes.com​​
    “This fundraising is for our two newly built innovative product ranges, DiabeSmart and Protein Chef. The investment will expand the reach to the targeted audience and accelerate our growth, helping us in our vision of positively impacting the health of Indians,” said Sudarshan Gangrade, CEO of the company…
  • Bira 91 enters Cider category with the launch of Hill Station Hard Cider Ale
    21 Dec 2022, thehindubusinessline.com​​
    Bira 91 has forayed beyond beers with the launch of Hill Station, a category of Hard Cider Ales. The launch is part of the company’s move to bring new categories beyond beers, in congruence with the increasing demand for ready-to-drink, it said…
  • Engaging e-commerce players to push sales of goods produced by tribals: Pradhan
    21 Dec 2022, retail.economictimes.indiatimes.com​​
    The government is taking steps “to increase production of their produce, improve packaging, branding, marketing,” he said, adding, “we are using platforms like Amazon and Flipkart also for tribal products”…
  • There will be no more cash burn in business: Paytm CEO Vijay Shekhar Sharma
    21 Dec 2022, livemint.com​​
    Going ahead, there will be no more cash burn in the business, Paytm Chief Executive Officer (CEO) Vijay Shekhar Sharma said at the Business Standard BFSI Insight Summit 2022 in Mumbai on Wednesday…
  • Meesho sees 135% YoY growth, records 91 crore orders in 2022
    21 Dec 2022, retail.economictimes.indiatimes.com​​
    Giving a glimpse of the annual performance of its sellers, Meesho said that nearly 1,30,000 of its sellers became lakhpatis and 6,000 became crorepatis in 2022. Of these, 24,000 lakhpati sellers and 1,300 crorepati sellers were from Delhi…
  • Mindspace REIT raises Rs 100 crore through commercial papers
    21 Dec 2022, retail.economictimes.indiatimes.com​​
    The funds will be utilised towards the working capital requirements of Mindspace REIT’s asset SPVs. The commercial papers are rated CRISIL A1+ by CRISIL…
  • Digital models now a key ingredient in FMCG story, says new report
    21 Dec 2022, retail.economictimes.indiatimes.com​​
    Quick commerce is the poster boy of this online shift, and it is evident in metro and Tier 1 cities post-covid in grocery and dairy. We expect FMCG players to continue to build on their focus on new-age distribution channels, which are showing great appetite for growth,